OKINAWA CELLULAR TELEPHONE COMPANY
9436・Standard Market・Information & Communication
Governance
The company has adopted a Board of Company Auditors structure, with a Board of Directors comprising 9 directors (3 of whom are outside directors) and a Board of Company Auditors of 4 members including 3 outside auditors. It has established a Nomination and Compensation Committee (chaired by an outside director, with outside directors forming a majority) to ensure transparency and objectivity.
Risk Management
The Representative Director and President serves as the Chief Internal Control Officer, with the Risk Management Department acting as the internal control secretariat, promoting risk management through a PDCA cycle covering 23 material risk items. The company has established a group-wide centralized management system, including measures against information security incidents, communication failures, and cyberterrorism.
Shareholder Returns
The basic policy is to continue stable dividends. The annual dividend for FY2026 (ending March 2026) is ¥99 per share (interim ¥64 + year-end ¥35), with a consolidated payout ratio of 47.2%. For FY2027 (ending March 2027), an annual dividend of ¥70 (interim ¥35 + year-end ¥35) is planned. A resolution was also passed for the repurchase of treasury shares (up to 1,700,000 shares / ¥5.0 billion).
Dividend Policy
The basic policy is to continue stable dividends, paid twice a year (interim and year-end) while taking into account internal reserves and strengthening the financial structure. The annual dividend for FY2026 (ending March 2026) is ¥99 per share (interim ¥64 + year-end ¥35), with a consolidated payout ratio of 47.2% and a dividend-to-net-assets ratio of 6.4%. For FY2027 (ending March 2027), an annual dividend of ¥70 (interim ¥35 + year-end ¥35) is planned, with an expected payout ratio of 48.7%. Note that a 2-for-1 stock split of common shares was implemented effective October 1, 2025, and dividends for the second quarter of FY2026 (ending March 2026) and earlier are stated at their actual pre-split amounts.
ESG
Based on the TCFD framework, the company achieved carbon neutrality for Scope 1 and 2 emissions in FY2024 (with a Scope 3 target set for FY2040). It has also conducted biodiversity assessments using the TNFD framework. In terms of human capital, it has set a target of 30% for the ratio of female managers by FY2030 and has been certified as a Health & Productivity Management Outstanding Organization (White 500) for seven consecutive years, thereby promoting systematic ESG management across the three areas of climate change, biodiversity, and human capital.
Last updated: June 9, 2026