Belc CO., LTD.
9974・Prime Market・Retail Trade
Governance
Company with a Board of Corporate Auditors. Comprised of 14 directors (6 of whom are outside directors) and 3 corporate auditors (all outside), the ratio of outside directors is approximately 42.9%. A Nomination and Compensation Committee (6 members in total, including 4 independent officers) has been established, and the Board of Directors meets 15 times per year. The company has also adopted an executive officer system.
Risk Management
A Risk Management Committee chaired by the Representative Director and President (met 7 times in FY2025 (ending February 2025)) oversees company-wide risk, with sustainability issues also falling under its jurisdiction. A Compliance Committee, Audit Office, and internal whistleblowing hotline are also in place, and the company has established a framework to address legal risks in cooperation with retained legal counsel.
Shareholder Returns
Basic policy is to maintain stable dividends, paid twice a year (interim and year-end). Annual dividend for FY2026 (ending February 2026) is ¥124 per share (¥62 interim, ¥62 year-end). Annual dividend forecast for FY2027 (ending February 2027) is ¥132 per share (¥66 interim, ¥66 year-end), representing an increase. Share buybacks are provided for in the Articles of Incorporation.
Dividend Policy
Basic policy is to maintain stable dividends, with dividend amounts determined taking into account internal reserves needed to strengthen the financial base, fund capital expenditures, and reduce interest-bearing debt. Dividends are paid twice a year: interim dividends (resolved by the Board of Directors) and year-end dividends (resolved at the General Meeting of Shareholders). The annual dividend forecast for FY2027 (ending February 2027) is ¥132 per share (¥66 interim, ¥66 year-end).
ESG
In its climate change response, the company conducted 1.5°C and 4°C scenario analyses based on TCFD recommendations, and has set targets of net-zero GHG emissions by 2050 and a 50% reduction by 2030 (versus FY2013 base year). Total Scope 1+2 emissions for FY2025 (ended February 2025) were 41,595 t-CO2 (58.1% of the base-year level). Recycling stations have been installed at all stores, and 39,882 tons were recycled in FY2025 (ended February 2025). In terms of human capital, the company achieved a female regular-employee ratio of 26.5% (exceeding its 25% target) and a male childcare leave take-up rate of 107.8%, while the female managerial ratio of 3.6% remains below its 10% target, indicating a continuing challenge. The company strengthened its organizational structure by establishing a Career Innovation Office in March 2025 and a Food Loss Countermeasures Office and Mental Health Office in March 2024.
Last updated: May 20, 2026