West Japan Railway Company
9021・Prime Market・Land Transportation
Governance
As a company with an Audit and Supervisory Committee, the company has 15 directors (including 7 outside directors), and has established a Nomination and Compensation Advisory Committee (which met 10 times in fiscal 2025) chaired by an independent outside director. The Board of Directors meets 15 times a year, aiming to enhance oversight and supervisory functions and improve management transparency.
Risk Management
The company has established a committee that periodically evaluates and identifies risks with significant impact on group management, promoting group-wide preventive measures. In addition to establishing a safety management system rooted in the Fukuchiyama Line train accident, the company has built a framework for deliberating and reporting climate change and nature-related risks to the Board of Directors through the Sustainability Committee and the Global Environment Committee.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥97.50 per share (interim ¥45 + year-end ¥52.50), with total dividends of ¥44,395 million and a payout ratio of 35.1%. The same amount of ¥97.50 is planned for FY2027 (ending March 2026). Under the new Medium-Term Management Plan 2030, the dividend policy will shift to a target DOE of approximately 3.5%, with share buybacks to continue as well.
Dividend Policy
Under the "JR-West Group Medium-Term Management Plan 2030," which starts in April 2026, the company aims for long-term stable returns and has adopted a dividend policy based on shareholders' equity that places greater emphasis on capital efficiency. Dividends will be paid with a target Dividend on Equity (DOE) ratio of approximately 3.5%. Share buybacks will also be conducted opportunistically while monitoring the progress of the Medium-Term Management Plan 2030. Note that under the previous "Medium-Term Management Plan 2025 Update," the basic policy was a payout ratio of 35% or more.
ESG
Under the 'Zero Carbon 2050' target, the company has set an interim target of a 50% reduction in GHG emissions by FY2030 (compared to FY2013), and is advancing information disclosure endorsing the TCFD and TNFD recommendations. In its human capital strategy, the company has set KPIs for diversity & inclusion and talent development, including a target of 10% for the ratio of female managers by 2030, maintaining an employment rate of persons with disabilities above the statutory level, and achieving an 87% vibrant workplace rate, and is advancing these initiatives.
Last updated: June 16, 2026