EF-ON INC.
9514・Standard Market・Electric Power & Gas
Governance
The company has adopted a Board of Corporate Auditors structure (Board of Directors + Board of Corporate Auditors system). It consists of 9 directors (including 3 outside directors, an outside ratio of 33.3%) and 3 corporate auditors (including 2 outside corporate auditors). It has established an Internal Control Committee, Compliance Committee, and Sustainability Promotion Committee, and has built a three-way audit system (accounting auditor, corporate auditors, and internal audit office). The establishment of a Nomination Committee or Compensation Committee is not stated in the securities report.
Risk Management
An Internal Control Committee (meeting three times a year), chaired by the Representative Director and President, comprehensively and centrally manages risk and reports to the Board of Directors. Sustainability-related risks are identified by the Sustainability Promotion Committee and then managed by the Internal Control Committee, forming a two-stage framework. A whistleblowing system (Helpline) has also been established, with internal and external (retained attorney) contact points. This period, a new BCP was formulated in response to a potential Nankai Trough earthquake.
Shareholder Returns
Continuing a stable annual dividend of ¥8 per share. For FY2026 (ending June 2026), the dividend forecast is unchanged at ¥8 at fiscal year-end (total ¥8). No mention of share buyback implementation.
Dividend Policy
The company recognizes returning profits to shareholders as an important management priority, and its policy is to continue paying stable dividends while taking into account profit conditions and capital expenditures for each fiscal year. The actual result for FY2025 (ended June 2025) was an annual dividend of ¥8 per share (paid entirely at fiscal year-end). The forecast for FY2026 (ending June 2026) remains unchanged at an annual dividend of ¥8 per share (¥8 at fiscal year-end). The dividend at the end of the second quarter is ¥0, and the dividend at the end of the third quarter has not yet been determined.
ESG
In September 2022, the company expressed support for the TCFD recommendations and conducted 1.5°C and 4°C scenario analyses. As FY2030 targets, it has set a 50% reduction in GHG emissions (excluding those derived from wood chips) compared to FY2021 and woody biomass power generation of 1 billion kWh. FY2024 results were GHG emissions of 2,938 t-CO2 (a 13.0% reduction) and power generation of 633,565,439 kWh. The company is expanding company-owned forests (managed forest area of 5,460 ha, target of 8,000 ha), advancing its own afforestation area of 87.48 ha (exceeding the 50 ha target), and promoting forest CO2 absorption of 1,901.7 t-CO2. In July 2025, it joined the 30by30 Alliance for Biodiversity. On the human capital side, it was certified as an “Excellent Health Management Corporation 2025” (SME category), with 6 male employees taking childcare leave, a 100% return-to-work rate after childcare leave, and an 83% paid leave utilization rate.
Last updated: October 2, 2025