Dividend Policy

The Company emphasizes the stable return of profits to shareholders, and pays stable and continuous dividends while striving to strengthen its financial structure and management base by securing appropriate internal reserves.

Dividend Trend

2019/03

2020/03

2021/03

2022/03

2023/03

2024/04

Dividend Per Share(yen)

1Q

-

-

-

-

-

-

2Q

17.50

17.50

12.50

12.50

15.00

17.50

3Q

-

-

-

-

-

-

FY-End

17.50

17.50

12.50

17.50

20.00

22.50 ※

Total

35.00

35.00

25.00

30.00

35.00

40.00 ※

Total Amount of Dividends(million yen)

2,763

2,764

1,974

2,370

2,767

3,163

Payout Ratio(%)

43.6

41.3

-

23.9

15.0

12.7

Ratio of Total Amount of Dividends to Net Assets(%)

1.6

1.6

1.2

1.4

1.5

1.5

Includes 5.00 yen as a special dividend to commemorate the 100th anniversary of the Company's railroad opening.