Electric Power Development Co., Ltd.
9513・Prime Market・Electric Power & Gas
Governance
The company has adopted the Company with an Audit and Supervisory Committee structure, with the Board of Directors—including outside directors—meeting 13 times per year to oversee management. Since FY2019, it has established a Nomination and Compensation Committee comprising a majority of independent officers, aiming to enhance transparency and fairness.
Risk Management
Risk management is based fundamentally on autonomous management by each business division, while company-wide material risks are identified and assessed by specialized subcommittees and integrally managed by the Board of Directors. For sustainability-related risks, a framework has been established whereby the Sustainability Promotion Committee (with the Global Environmental Strategy Subcommittee and Human Rights Subcommittee under it) analyzes and assesses such risks and reports to the Board of Directors.
Shareholder Returns
The policy targets stable returns with a total return ratio of approximately 30%. For the current period, the annual dividend is ¥100 per share (interim ¥50 + year-end ¥50), with a dividend payout ratio of 30.7%. For the next period, an increase of ¥5 to ¥105 (interim ¥50 + year-end ¥55) is planned. The company also conducted share buybacks (¥19,999 million) and retirement of treasury shares (6,713,200 shares).
Dividend Policy
With a total return ratio target of approximately 30%, the company strives to enhance stable and continuous shareholder returns based on profit levels, earnings outlook, and financial condition. For FY2026 (ending March 2026), the annual dividend is ¥100 per share (interim ¥50 + year-end ¥50), with a consolidated dividend payout ratio of 30.7% and a net asset dividend ratio of 1.3%. For FY2027 (ending March 2027), based on the outlook for achieving the management targets of the Medium-Term Management Plan 2024-2026, the company plans to increase the dividend by ¥5 from FY2026 to ¥105 per share (interim ¥50 + year-end ¥55), with an expected dividend payout ratio of 22.8%. In addition, the company acquired 6,713,200 treasury shares (total acquisition amount of ¥19,999 million) between September 2025 and March 2026, and retired the same shares (reducing retained earnings) on May 15, 2026.
ESG
Under its BLUE MISSION 2050 initiative, J-POWER aims to achieve carbon neutrality; preliminary CO2 emissions for FY2025 (ending March 2026) show a reduction of 13 million tons compared to FY2013 levels. The company has established KPIs for its five materiality issues (energy supply, climate change response, respect for people, coexistence with local communities, and strengthening of business infrastructure), incorporating them into performance-linked indicators for executive compensation, while systematically advancing human capital initiatives such as human rights due diligence and diversity promotion.
Last updated: June 24, 2026