HORAI Co.,Ltd.
9679・Standard Market・Services
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 8 directors (including 3 outside directors), with a one-year term of office for directors. The company has established the "Nomination and Compensation Committee" (meeting 5 times per year) and the "Risk Committee" (meeting 2 times per year) as advisory bodies to ensure governance transparency and effectiveness.
Risk Management
Under the Risk Management Regulations, risks deemed to have a material impact on management and business continuity are designated as "top risks," and a framework has been established for quarterly monitoring through a PDCA cycle and reporting to the Board of Directors. KRIs (Key Risk Indicators) have been set and are monitored monthly, and a Risk Committee has been established as an advisory body to the Board of Directors. Climate change risk has also been added as a top risk, with identification, assessment, and countermeasure planning being carried out.
Shareholder Returns
The basic policy is to pay continuous and stable dividends, with a year-end dividend paid once annually. For FY2026 (ending September 2026), an annual dividend of ¥24 per share (year-end) is forecast. The interim dividend for the first half of FY2026 (ending September 2026) is ¥0. The company holds treasury shares (19,852 shares).
Dividend Policy
The basic policy is to pay continuous and stable dividends, taking into account business performance, the surrounding business environment, and the financial structure with a mid- to long-term outlook. The basic approach is a year-end dividend paid once annually (resolved at the general shareholders' meeting), with interim dividends also permitted under the articles of incorporation via resolution of the Board of Directors. The annual dividend for FY2025 (ended September 2025) was ¥24 per share (interim ¥0, year-end ¥24). For FY2026 (ending September 2026), an interim dividend of ¥0 and a year-end dividend of ¥24 are forecast, for an annual total of ¥24 (unchanged from the previous fiscal year). Note that a 3-for-1 stock split of common shares was implemented effective April 1, 2025, and the dividend amounts for FY2025 (ended September 2025) are stated on a post-split basis.
ESG
Based on the founding philosophy of "coexistence with nature," the company is promoting environmental initiatives such as achieving carbon-neutral farm operations through circular dairy farming, utilizing solar power generation and geothermal heat, and reducing paper usage through DX. In terms of human capital, as core pillars of the Medium-Term Management Plan 2026, the company is working toward a target of 15% or more female representation in management positions (target by March 2026; actual result of 10.9% as of the September 2025 period), merit- and performance-based promotion, and the establishment of a team to promote women's advancement in the workplace.
Last updated: December 16, 2025