RENOVA, Inc.
9519・Prime Market・Electric Power & Gas
Governance
Company with an audit and supervisory board (monitoring model type). Of the 7 directors, 4 are independent outside directors (outside ratio approximately 57%). The company has established a voluntary Nomination and Compensation Committee (chaired by the non-executive Chairman of the Board, with outside directors comprising more than half of the members), and has also introduced an executive officer system.
Risk Management
The company has established an Enterprise Risk Management Committee (reporting directly to the Representative Director, President & CEO) based on its
Shareholder Returns
No annual dividend (0.00 yen) continues to be maintained for both the FY2026 (ending March 2026) and FY2027 (ending March 2027) forecasts. The company continues to prioritize growth investment, and the timing and frequency of any dividend payments remain undecided. A small amount of share buybacks was conducted (¥78 million spent in the current period).
Dividend Policy
As the company's policy is to give first priority to growth investments, including development investments necessary for future business expansion, the possibility, timing, and frequency of dividend payments remain undecided. The annual dividend for FY2026 (ending March 2026) is 0.00 yen, and the forecast for FY2027 (ending March 2027) is also 0.00 yen. If dividends from retained earnings are to be paid, the basic policy is a single year-end dividend, although interim dividends are also permitted under the Articles of Incorporation.
ESG
Under its mission of "building a green and self-sustaining energy system," the company endorses the TCFD recommendations and manages climate change risks and opportunities through scenario analysis. It has set a target of cumulative CO2 reduction contribution of 20 million tons by FY2030 (ending March 2031), and in terms of human capital, it has achieved diversity with a mid-career hire ratio of 90.1%, a female ratio of 24.1%, and a foreign national ratio of 9.2%.
Last updated: June 17, 2026