Keisei Electric Railway Co., Ltd.
9009・Prime Market・Land Transportation
Governance
The Board of Directors consists of 14 members, including 7 outside directors (the company has a Board of Corporate Auditors). A Nomination and Compensation Committee has been established (5 members including 3 independent outside directors, chaired by an independent outside director), and an executive officer system has also been introduced. The term of office for directors is one year.
Risk Management
The Compliance & Risk Management Committee (meeting twice a year), chaired by the President, evaluates and manages risks across the entire Group in a unified manner. Sustainability-related risks and opportunities are also assessed by this committee, and the Internal Audit Department, which is independent of the business execution organization, conducts internal audits in coordination with the Audit & Supervisory Board Members.
Shareholder Returns
Basic policy is stable and continuous profit distribution; the annual dividend for FY2026 (ending March 2026) is ¥21 (interim ¥9 + year-end ¥12), with a payout ratio of 21.1%. For FY2027 (ending March 2027), an annual dividend of ¥22 (interim ¥11 + year-end ¥11) is planned. Almost no share buybacks were conducted during the current fiscal year.
Dividend Policy
As the company operates in a highly public-interest industry centered on the Railway Business, its basic policy is to distribute profits stably and continuously, while taking into consideration the need to secure internal reserves necessary for future business development and strengthening/stabilizing its management foundation, as well as business performance. Dividends are paid twice a year, as an interim dividend and a year-end dividend. The annual dividend for FY2026 (ending March 2026) is ¥21 (interim ¥9 + year-end ¥12), with a payout ratio of 21.1%. For FY2027 (ending March 2027), an annual dividend of ¥22 (interim ¥11 + year-end ¥11) is planned. Note that for FY2025 (ending March 2025), taking into account the stock split (1 share to 3 shares, effective January 1, 2025), the annual dividend was ¥21 (ordinary dividend ¥16 + special dividend ¥5), while for FY2026 (ending March 2026), there is no special dividend, only an ordinary dividend.
ESG
As part of its climate change response, the company conducted scenario analysis based on the TCFD framework, setting targets of a 46% reduction in CO2 emissions by FY2030 (versus FY2013 levels) and carbon neutrality by FY2050. In terms of human capital, it disclosed indicators such as a 50% increase in the ratio of female managers (FY2030 target) and a male childcare leave take-up rate of 63.8%, and was certified as a "2026 Certified Health & Productivity Management Outstanding Organization (Large Enterprise Category)".
Last updated: June 26, 2026