Shareholder return

Policy on profit distribution

We engage in the railway business and other businesses of highly public nature. Our basic policy on profit distribution is thus maintaining stable profit distribution, considering results and internal reserves necessary for developing businesses and strengthening the management foundation.

Dividend

(per share:yen)

fiscal year Dividend per share
Interim Year-end Annual
2021/3 8.5 8.5 17.0
2020/3 8.5 8.5 17.0
2019/3 7.5 9.5 17.0
2018/3 7.0 8.0 15.0
2017/3 6.0 8.0 14.0
2016/3 6.0 7.0 13.0
2015/3 6.0 6.0 12.0
2014/3 6.0 6.0 12.0
2013/3 5.0 6.0 11.0
2012/3 5.0 5.0 10.0

As of October 1, 2016, the Company has changed the number of shares (changed from 1,000 shares to 100 shares)constituting one unit and consolidated shares (2 shares of common stock merged into 1 share).
The results until the fiscal year ended March 31, 2017 have been translated after the consolidation of shares.