WATT MANN CO.,LTD.
9927・Standard Market・Retail Trade
Governance
Company with a Board of Corporate Auditors. Four directors (including one outside director, Mr. Kosuke Kataoka), and all three corporate auditors are outside corporate auditors. The outside director ratio is 25%. Neither a nomination committee nor a compensation committee has been established. The director term of office is one year. During the fiscal year under review, the Board of Directors met eight times, with full attendance. The takeover defense measure was abolished upon the conclusion of the Ordinary General Meeting of Shareholders held on June 27, 2024.
Risk Management
Risks related to management decisions are analyzed and examined by relevant departments while leveraging advice from outside experts. Risks arising in the course of business operations are managed on a day-to-day basis under the responsible director. Sustainability-related risks are also managed under a similar framework, with the Management Committee, headed by the Representative Director, providing comprehensive management and oversight. The Internal Audit Office conducts monitoring based on the "Internal Audit Regulations" to ensure the effectiveness of compliance.
Shareholder Returns
Following the completion of the MBO, no year-end dividend is planned for FY2026 (ending March 2026) (compared with ¥20 per share in the prior period). As the company is scheduled to be delisted on June 19, 2026, no dividend forecast for FY2027 (ending March 2027) has been disclosed. The retirement of treasury shares was resolved at the Board of Directors meeting in May 2026.
Dividend Policy
Following the completion of the MBO by IAPF3 Co., Ltd., no year-end dividend is planned for FY2026 (ending March 2026) (in the prior period, FY2025 (ended March 2025), the dividend was ¥20 per share, with a total dividend amount of ¥174 million and a payout ratio of 50.7%). As the company is scheduled to be delisted on June 19, 2026, no dividend forecast for FY2027 (ending March 2027) has been disclosed.
ESG
In its core reuse business, the company works to reduce greenhouse gas emissions and waste through expanded recirculation of merchandise via "Tokoton Kaitori" (thorough buyback). On the human capital front, it has a track record of appointing female executives and female managers, as well as promoting mid-career hires into managerial positions, but has not yet set measurable quantitative targets; it states that target-setting will be considered as part of its future medium- to long-term human resource development policy. The gender pay gap (all workers) stands at 54.1%.
Last updated: June 27, 2025