East Japan Railway Company
9020・Prime Market・Land Transportation
Governance
As a company with an Audit and Supervisory Committee, the Board of Directors consists of 16 members, including 8 outside directors (outside ratio: 50%). A Nomination Advisory Committee and a Compensation Advisory Committee have been established, ensuring transparency in the decisions on appointment/dismissal and compensation through the participation of independent outside directors.
Risk Management
Risks are identified and assessed annually through a PDCA cycle, with the Board of Directors monitoring the process. Safety is positioned as the top management priority, and the company is advancing the "Group Safety Plan 2028." In response to a series of improper conduct incidents that occurred consecutively in 2024–2025, an external expert committee was established, and Group governance improvement measures were announced in March 2026.
Shareholder Returns
Policy to raise the payout ratio to 40% in stages toward FY2027 (ending March 2027). Annual dividend for FY2026 (ending March 2026) is ¥74 per share (interim ¥35 + year-end ¥39), with a payout ratio of 33.7%. The following fiscal year, FY2027 (ending March 2027), is planned at ¥84 (interim ¥42 + year-end ¥42). Share buybacks will also be conducted flexibly, with repurchased shares to be canceled in principle.
Dividend Policy
Under the group's management vision "Yusho 2034," the company plans to raise the payout ratio to 40% in stages toward FY2027 (ending March 2027), when growth investments such as the TAKANAWA GATEWAY CITY development are expected to settle down. Share buybacks will be conducted flexibly, with repurchased treasury shares to be canceled in principle. Dividends are paid twice a year, as interim and year-end dividends. The annual dividend for FY2026 (ending March 2026) is ¥74 per share (interim ¥35 + year-end ¥39), with a payout ratio of 33.7%. The forecast for FY2027 (ending March 2027) is ¥84 per share (interim ¥42 + year-end ¥42), with a payout ratio of 37.2%.
ESG
On the environmental front, the company has set forth its "Zero Carbon Challenge 2050," targeting a 50% reduction in CO₂ emissions by FY2030 (with a 17.7% reduction achieved in FY2024 results), and on the social front, it is pursuing DEI promotion, health management, and human rights due diligence. A Sustainability Strategy Committee, chaired by the Representative Director and President, oversees issues such as climate change and human capital, with the Board of Directors providing supervision.
Last updated: June 17, 2026