Kyushu Railway Company
9142・Prime Market・Land Transportation
Governance
Company with an Audit and Supervisory Committee (transitioned in June 2018). The Board of Directors consists of 15 members in total (including 8 independent outside directors), and a Nomination and Compensation Advisory Committee chaired by an independent outside director has been established. An annual evaluation of the effectiveness of the Board of Directors is conducted by a third-party organization.
Risk Management
The company has established a Safety Promotion Committee and a 24-hour Integrated Command Center, managing railway safety as its most critical priority. Following safety assurance issues at group companies in FY2024, the company newly established a Risk Management Promotion Office in April 2026 to strengthen safety and risk management systems across the group. Climate change and nature-related risks are identified, assessed, and managed by the ESG Strategy Committee (chaired by the President and Executive Officer) based on TCFD and TNFD frameworks, with a system in place to report to the Board of Directors at least once a year.
Shareholder Returns
Policy targets a consolidated payout ratio of 35% or more through FY2028 (ending March 2028). Annual dividend for FY2026 (ending March 2026) is ¥115 (up ¥17 year-on-year), with FY2027 (ending March 2027) forecast at ¥121. Share buybacks are also conducted flexibly (¥10,000 million acquired and 2,652,600 shares retired in the current period).
Dividend Policy
Through FY2028 (ending March 2028), the policy is to pay dividends at a consolidated payout ratio of 35% or more while flexibly conducting share buybacks. The annual dividend for FY2026 (ending March 2026) is an interim dividend of ¥57.50 plus a year-end dividend of ¥57.50, totaling ¥115 (total dividends of ¥17,784 million; payout ratio of 38.9%). The annual dividend forecast for FY2027 (ending March 2027) is an interim dividend of ¥60.50 plus a year-end dividend of ¥60.50, totaling ¥121 (forecast payout ratio of 36.1%). Retained earnings are allocated to maintenance/renewal investment in railway facilities and other assets, as well as to growth investments.
ESG
The company has established an ESG Strategy Committee chaired by the President and CEO, and has endorsed the TCFD and TNFD recommendations. It has set targets of net-zero GHG emissions by 2050 and a 60% reduction by FY2035 compared to FY2023, and is promoting expanded procurement of renewable energy and the introduction of energy-efficient rolling stock. In terms of human capital, under the Human Capital Strategy Committee (meeting 7 times a year), the company is pursuing multifaceted initiatives including promoting DE&I, obtaining Certified Health & Productivity Management Outstanding Organization 2026 recognition, and encouraging male employees to take childcare leave.
Last updated: June 19, 2026