HEIWA PAPER CO.,LTD.
9929・Standard Market・Wholesale Trade
Governance
The Board of Directors consists of 8 directors (including 1 outside director and 1 independent outside director) under a company with a board of company auditors. The company plans to transition to a company with an audit and supervisory committee at the annual general meeting of shareholders in June 2026, aiming to strengthen the oversight function of the Board of Directors following the transition.
Risk Management
The company has established the "Risk Management Regulations," designating the Management Control Division as the division responsible for overall risk management. The Internal Audit Office verifies the status of risk countermeasures under instructions from the Representative Director, and a structure has been established to report findings to the Representative Director and the Board of Corporate Auditors.
Shareholder Returns
Dividends paid twice a year (interim and year-end, ¥6 each), maintaining an annual dividend of ¥12 per share (total ¥112 million). The payout ratio for FY2026 (ending March 2026) was 143.2%. The same annual dividend of ¥12 per share is planned for FY2027 (ending March 2027). During the period, the company acquired 208,500 shares of treasury stock (¥92 million) via ToSTNeT-3.
Dividend Policy
Dividends are paid twice a year in principle, comprising an interim and a year-end dividend. For FY2026 (ending March 2026), an annual dividend of ¥12 per share was paid (¥6 interim, ¥6 year-end; total ¥112 million). The payout ratio was 143.2%, and the dividend-to-net-assets ratio was 1.1%. For FY2027 (ending March 2027), an annual dividend of ¥12 per share (¥6 interim, ¥6 year-end) is planned.
ESG
The company has obtained ISO14001 environmental management system certification at all business locations, and focuses on environmental contribution through the promotion and sales of 'Ecology Paper', while also working on resource and energy conservation, SDGs initiatives, market development of plastic-alternative materials, and human capital measures such as promoting women's participation in the workforce. In fiscal 2025, the company achieved an Ecology Paper sales share of +0.6 points above the baseline, and a green purchasing share of 95.9% (against a target of 80% or higher).
Last updated: June 22, 2026