PCA CORPORATION
9629・Prime Market・Information & Communication
Governance
The company has adopted the audit & supervisory board system, comprising 8 directors (including 4 outside directors, a 50% outside ratio) and 4 audit & supervisory board members (including 3 outside audit & supervisory board members). Through the executive officer system, the company separates the board of directors' supervisory function from business execution, and has established a voluntary nomination and compensation committee to ensure objectivity and transparency in compensation decisions.
Risk Management
Based on the Risk and Emergency Management Regulations, the company has established a Risk Management Committee chaired by the Representative Director. Quality control (internal and external verification) and information management (acquisition of Privacy Mark certification, Information Management Committee) are treated as priority areas, and the Internal Audit Office, Audit & Supervisory Board Members, and the internal control officer hold a monthly "Audit Liaison Meeting" to coordinate and maintain the management framework.
Shareholder Returns
From FY2026 (ending March 2026), the dividend policy was changed to a DOE target of approximately 4.5%. Actual dividend for FY2026 (ending March 2026) was ¥95 per share (total dividends of ¥1,904 million, payout ratio of 80.9%). The forecast for FY2027 (ending March 2027) is ¥40 per share (payout ratio of 100.3%). The policy of a consolidated payout ratio of 100% and progressive dividends ended with FY2026 (ending March 2026) upon achievement of ROE of 10%.
Dividend Policy
Following the achievement of ROE of 10% and the shift to a positive EVA spread, the dividend policy was changed as announced on February 26, 2026. The previous policy of a consolidated payout ratio of approximately 100% and progressive dividends ended with FY2026 (ending March 2026). Going forward, DOE (consolidated dividend on equity ratio) of approximately 4.5% will be used as the dividend indicator, aiming to provide stable and continuous shareholder returns unaffected by short-term earnings fluctuations. Dividends are basically paid once a year as a year-end dividend. The actual dividend for FY2026 (ending March 2026) was ¥95 per share (total dividends of ¥1,904 million), and the forecast for FY2027 (ending March 2027) is ¥40 per share (calculated based on a DOE of 4.5%).
ESG
The company places top priority on human capital, promoting talent development and workplace environment improvement by setting KPIs such as an engagement index (77.3% actual for FY2025, 79.0% target for FY2027). With respect to climate change response, the company discloses GHG emissions (Scope 1: 14.81t-CO2, Scope 2: 428.32t-CO2, Scope 3 Category 6: 121.02t-CO2) with reference to the TCFD framework, and has established a system whereby the Sustainability Committee reports regularly to the Board of Directors.
Last updated: June 23, 2026