FORVAL TELECOM,INC.
9445・Standard Market・Information & Communication
Governance
The company operates as a company with an Audit and Supervisory Committee, comprising 7 directors (including 2 outside directors). During the fiscal year under review, the Board of Directors held 19 meetings in total (12 regular and 7 extraordinary), with all directors attending every session. The Internal Control Committee (meeting 6 times per year), the Internal Audit Office, and the Audit and Supervisory Committee work together to fulfill the oversight function.
Risk Management
The company has established a systematic risk management framework based on its Basic Risk Management Regulations, with the Crisis Management Committee conducting periodic reviews and dissemination of the crisis management guidelines. Operational verification tests of the safety confirmation system in preparation for large-scale disasters are also conducted regularly. An internal whistleblowing system (Compliance Alarm) has been established, with whistleblower protection explicitly stipulated in the regulations.
Shareholder Returns
Performance-linked dividends targeting a consolidated payout ratio of approximately 50%. For FY2026 (ending March 2026), the annual dividend is ¥23 per share (up ¥3 year-on-year, payout ratio of 39.1%). For FY2027 (ending March 2027), an annual dividend of ¥25 (interim ¥11, year-end ¥14) is planned. Share buybacks totaled ¥16 thousand in the current period.
Dividend Policy
Dividends are determined with a target consolidated payout ratio of approximately 50%, as performance-linked profit distribution, while giving due consideration to internal reserves allocated to system investments and sales promotion required for business stability and growth, ensuring financial soundness, and the underlying earnings capacity of the business excluding special factors. The basic policy is to pay dividends twice a year, an interim dividend (end of second quarter) and a year-end dividend. The FY2026 (ending March 2026) actual annual dividend is ¥23 (interim ¥10, year-end ¥13), and the FY2027 (ending March 2027) forecast annual dividend is ¥25 (interim ¥11, year-end ¥14).
ESG
As part of its GX (Green Transformation) initiatives, the company has established a Group ESG Management Promotion Office to advance greenhouse gas reduction, TCFD report disclosure, and the provision of electricity services with a zero CO₂ emission factor. On the human capital side, the company has achieved a female employee ratio of 33.3% and the appointment of female directors, and continues to operate childcare and caregiving support programs, along with educational training and business improvement projects.
Last updated: June 24, 2026