Odakyu Electric Railway Co.,Ltd.
9007・Prime Market・Land Transportation
Governance
In June 2024, the company transitioned to a company with an audit and supervisory committee. The Board of Directors consists of 13 members, including 6 outside directors (outside ratio of approximately 46%), and has established a Nomination and Compensation Advisory Committee composed of a majority of independent outside directors, strengthening the oversight function and the independence and objectivity of decision-making.
Risk Management
Under the "Odakyu Group Risk Management Policy," the company has established a framework centered on the Risk Management Committee, and shares information through the group-wide "Risk Management Liaison Council." Risk management is being promoted from both the prevention and business continuity perspectives, including the formulation of BCPs, crisis management drills, and railway safety management by the Integrated Safety Management Committee.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥55 per share (interim ¥25 + year-end ¥30), with a payout ratio of 50.8%. ¥60 is planned for FY2027 (ending March 2026). The company has set a cumulative shareholder return target of ¥180.0 billion for FY2026–FY2030, and is also conducting share buybacks (up to 16 million shares / ¥20.0 billion).
Dividend Policy
The annual dividend for FY2026 (ending March 2026) is ¥55 per share (interim ¥25 + year-end ¥30), with a payout ratio of 50.8% and a net asset dividend rate of 3.9%. For FY2027 (ending March 2026), a dividend of ¥60 per share (interim ¥30 + year-end ¥30) is planned, with an expected payout ratio of 53.2%. As a long-term target (through FY2030), the company has set a cumulative shareholder return target of ¥180.0 billion for FY2026–FY2030 (¥200.0 billion cumulative for FY2025–FY2030), and aims for progressive dividends through FY2030. The company targets reducing its equity ratio to 30% by FY2030, and is working to improve ROE through higher ROA and expanded financial leverage.
ESG
The company has expressed support for TCFD and is advancing TNFD disclosures, having formulated the "Odakyu Group Carbon Neutral 2050" plan. From FY2024, by achieving complete renewable energy conversion across the Group's railway, tramway, and cable car operations, it achieved ahead of schedule its FY2030 target of a 50% reduction in CO₂ emissions (versus FY2013 levels). In terms of human capital, the company has set numerical targets for the ratio of female managers and the rate of male employees taking childcare leave, and is also actively pursuing diversity and health management initiatives, including an employment rate of persons with disabilities of 3.7% (exceeding the statutory requirement of 2.5%) and an annual paid leave utilization rate of 90.2%.
Last updated: June 25, 2026