Kobe Electric Railway Co.,Ltd.
9046・Prime Market・Land Transportation
Governance
The company is structured as a company with an Audit and Supervisory Committee, comprising 11 directors (including 6 outside directors). It has established a Nomination and Compensation Committee consisting of the Representative Director and President and independent outside directors, ensuring transparency and fairness in the nomination of director candidates and the determination of compensation.
Risk Management
The Company has established a department responsible for risk management to oversee cross-organizational risks. It has put in place a system to immediately set up an emergency response headquarters, headed by the President, in the event a significant risk materializes, and reports risk analysis and response status to the Board of Directors in a timely manner.
Shareholder Returns
The annual dividend per share for FY2026 (ending March 2026) increased to ¥25 (total dividends of ¥197 million). Payout ratio is 13.5%. FY2027 (ending March 2027) is also forecast at ¥25. The basic policy is to maintain stable dividends, with internal reserves allocated to safety-related investments, etc.
Dividend Policy
As the company operates the Railway Business, which has a highly public nature, its basic policy is to continue paying stable dividends on a continuous basis, taking into comprehensive consideration its financial condition and business outlook, etc. Internal reserves are allocated to investments for the Group's sustainable growth and to safety-related investments in the Railway Business, etc. FY2026 (ending March 2026): ¥25 per share (total dividends of ¥197 million, payout ratio of 13.5%); FY2025 (ended March 2025): ¥20 per share (total dividends of ¥158 million, payout ratio of 13.9%). FY2027 (ending March 2027) forecast: ¥25 per share (forecast payout ratio of 16.6%).
ESG
The company has set a target of reducing CO2 emissions by 46% by FY2030 compared to FY2013 levels, and achieved a 30.3% reduction versus the same baseline in FY2025. In line with TCFD recommendations, it has conducted scenario analysis, estimating that under a 1.5–2°C scenario, carbon tax imposition would have an annual financial impact of ¥400 million. On the human capital front, the company aims for continuous improvement in employee engagement scores, achieving 63.90 points (up 0.50 points from the previous survey) in the December 2025 survey.
Last updated: June 12, 2026