Ensuring Sound and Transparent Finance

Given that the Group’s operations are center on the railway business, which is highly public in nature and requires significant capital investment, we place particular emphasis on ensuring financial soundness and transparency.
With respect to financial soundness, since our dependence on interest-bearing debt was high, we have made improving our financial position our top priority. As a result, in addition to restoring profitability through a selection and concentration approach that includes withdrawing from unprofitable businesses, we have achieved improvements in financial indices such as the interest-bearing debt balance/EBITDA ratio and the equity ratio.
In FY2024, our credit rating was raised to A by Japan Credit Rating Agency, Ltd. (JCR), demonstrating steady progress in strengthening our financial soundness. Although this Mediumterm Management Plan includes the largest investment scale in our history, we will continue to ensure and maintain a sound financial foundation by optimizing cash allocation.
With regard to transparency, we take initiatives to establish and implement mechanisms to ensure fair and equitable business activities and disclose corporate information to stakeholders in a fair, timely, and appropriate manner.