Shareholder Returns and Dividends
Since our company is involved in types of businesses that have important public roles, railways in particular, our fundamental policy is to provide steady dividends to our shareholders by seeking to further improve earnings while striving to assure stable business foundations and financial footing over the long-term.
Interim and year-end dividends
| Interim | Year-end | Total | |
|---|---|---|---|
| FY2022 | - | 25.00 yen | 25.00 yen |
| FY2023 (forecast) | - | 35.00 yen | 35.00 yen |
Changes in Dividends
| Accounting term | Interim | Year-end | Total | Dividend payout ratio |
|---|---|---|---|---|
| FY2012 | - | 25.00 yen | 25.00 yen | 34.8 |
| FY2013 | - | 25.00 yen | 25.00 yen | 27.2 |
| FY2014 | - | 25.00 yen (Anniversary dividend: 5.00 yen) | 30.00 yen | 18.4 |
| FY2015 | - | 30.00 yen | 30.00 yen | 27.0 |
| FY2016 | 15.00 yen | 15.00 yen | 30.00 yen | 20.7 |
| FY2017 | 15.00 yen | 15.00 yen | 30.00 yen | 23.1 |
| FY2018 | 15.00 yen | 15.00 yen | 30.00 yen | 26.1 |
| FY2019 | 15.00 yen | 17.50 yen | 32.50 yen | 17.7 |
| FY2020 | - | 25.00 yen | 25.00 yen | - |
| FY2021 | - | 25.00 yen | 25.00 yen | 70.4 |
| FY2022 | - | 25.00 yen | 25.00 yen | 19.4 |
* On October 1, 2017, we conducted a reverse stock split replacing every five ordinary shares with one share.
* Dividend figures for FY2017 and earlier have been calculated based on the number of shares following the reverse stock split.
