Nishi-Nippon Railroad Co.,Ltd.
9031・Prime Market・Land Transportation
Governance
The company has adopted the Company with an Audit and Supervisory Committee structure, with the Board of Directors comprising 12 directors, including 6 outside directors. Under the executive officer system, oversight and business execution are separated, strengthening the supervisory function through highly independent outside directors.
Risk Management
Risks are identified and evaluated based on the value chain of each business, and risk management plans are formulated for material risks to implement a PDCA cycle. Sustainability-related risks are monitored by the ESG Promotion Committee, and particularly critical risks are deliberated and managed by the Executive Committee and other bodies.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend is ¥70 per share (interim ¥25 + year-end ¥45), a ¥30 increase year-on-year. Payout ratio is 16.5%. For FY2027 (ending March 2027), an annual dividend of ¥90 (interim ¥45 + year-end ¥45) is forecast. Share buybacks were also conducted (¥4,066 million in the current period).
Dividend Policy
The policy emphasizes stable returns to shareholders while strengthening the financial structure and business foundation through appropriate retention of internal reserves, aiming to pay stable and continuous dividends. Dividends of surplus are paid twice a year: an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved at the General Meeting of Shareholders). For FY2026 (ending March 2026), the interim dividend is ¥25 per share and the year-end dividend is ¥45 per share, for an annual total of ¥70 (total dividends of ¥5,311 million, payout ratio of 16.5%, dividend on equity ratio of 2.0%). For FY2027 (ending March 2027), an annual dividend of ¥90 (interim ¥45 + year-end ¥45) is forecast, with an expected payout ratio of 30.4%.
ESG
The company endorses the TCFD recommendations and has conducted scenario analysis covering approximately 90% of the Group's CO2 emissions across the Railway Business, Bus Business, Real Estate Business, Logistics Business, Hotel Business, and other segments. It has set a target of carbon neutrality by 2050, and in terms of human capital management, it has established and disclosed indicators such as a 10% ratio of female managers (target for FY2035) and a 96.3% rate of paternity leave uptake among male employees.
Last updated: June 18, 2026