NAGAWA Co., Ltd.
9663・Prime Market・Services
Governance
Company with a Board of Corporate Auditors (8 directors, 3 outside directors). The Board of Directors met 14 times per year, with full attendance. A Nomination and Compensation Committee has been established to deliberate on director nomination and compensation policy. The takeover defense measure (a response plan for large-scale purchases exceeding 20%) was renewed and approved at the June 2025 Annual General Meeting of Shareholders.
Risk Management
Regular meeting bodies such as the Officers and Department Managers Liaison Meeting, Block Managers Meeting, and Manufacturing Meeting are used to prevent risks before they occur and to ensure the transmission of information. Stable procurement of key materials is secured through coordination with multiple suppliers and a dual-source system comprising the company's own factories and contracted factories. The Internal Audit Office (1 staff member) implements internal checks and manages the operation of regulations based on the audit plan, and a system is in place for reporting to the Audit & Supervisory Board Members.
Shareholder Returns
For FY2026 (ending March 2026), a year-end dividend of ¥100 (total ¥1,549 million) will be paid, including a ¥40 commemorative dividend for the company's 60th anniversary, resulting in a payout ratio of 35.2%. The forecast for FY2027 (ending March 2027) reverts to a year-end dividend of ¥60 (ordinary dividend). Share buybacks are also being continued (¥775 million in the current fiscal year).
Dividend Policy
The basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend; however, for FY2026 (ending March 2026), there will be no interim dividend, and the year-end dividend will be ¥100 (ordinary dividend of ¥60 plus a ¥40 commemorative dividend for the 60th anniversary of the company's founding, totaling ¥1,549 million, with a payout ratio of 35.2%). The forecast for FY2027 (ending March 2027) is a year-end dividend of ¥60 (forecast payout ratio of 28.2%). Taking into account the investment recovery characteristics of the rental business, and considering future capital expenditure trends and other factors from a long-term, comprehensive perspective, the company aims for a total payout ratio of approximately 30% or more, implementing dividend increases and share buybacks accordingly.
ESG
Discloses and manages GHG emissions (Scope 1+2 total: location-based 1,657.53 t-CO2) as part of climate change response. Promotes environmental contribution through the reuse and recycling system of Super House units, and has concluded disaster agreements with 103 municipalities. In terms of human capital, the company manages indicators such as support for qualification acquisition, no-overtime days twice a week, and a male childcare leave uptake rate of 46.1%, but has not achieved its targets for employment of foreign nationals and senior (silver) workers, or for the promotion of women to management positions.
Last updated: June 15, 2026