Komori
Treasury Stock9007Odakyu Electric Railway Co.,Ltd.Transportation and Logistics

Notice Regarding the Revision (Increase) of the Year-End Dividend Forecast for the Fiscal Year Ending March 2026 and the Decision on Matters Related to the Acquisition of Treasury Shares

The annual dividend forecast for the fiscal year ending March 2026 was increased from ¥50 to ¥55 per share, and the Company simultaneously decided to acquire up to 16 million common shares for a total amount of up to ¥20 billion. The treasury share acquisition period is from 14 May 2026 to 31 December 2026.

Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
16000000
Shares (maximum)
Wording
Definitive
How definitive the wording is.

Resolution on acquisition limit

Resolved 13 May 2026Market purchases on the Tokyo Stock Exchange
Total acquisition price¥20,000,000,000 (maximum)
Maximum number of shares to be acquired16,000,000 shares (maximum)The Company's common shares
4.6%Maximum number that can be acquired

The full horizontal line represents all issued shares, with marks at 10% intervals. The colored section represents the percentage stated in the resolution as the maximum proportion that may be repurchased under it.
This is a limit, and does not mean that the company will buy back all of it. The amount actually acquired will be shown in a later disclosure on the status of the acquisition of treasury shares.

Acquisition period

14 May 2026–31 December 2026

Reason for acquisition

In practicing management with an awareness of the cost of capital and share price, the Company is working to improve ROA, improve ROE by expanding financial leverage, and control the cost of shareholders' equity. As part of these efforts, the Company decided to acquire treasury shares after comprehensively considering the long-term shareholder return targets in the medium-term management plan announced today, its financial position and share price level, among other factors.

Reference (number of shares stated in the document)
Current number of treasury shares20,891,973 shares (as of 30 April 2026). The 344,403 shares of the Company held by the executive compensation trust account are not included in treasury shares.
Total number of issued shares347,605,744 shares (as of 30 April 2026, excluding treasury shares)
Resolution on acquisition limit
ItemDetails
Class of shares to be acquiredThe Company's common shares
Maximum number of shares to be acquired16,000,000 shares (maximum)
Percentage of total issued shares4.60%
Total acquisition price¥20,000,000,000 (maximum)
Acquisition period14 May 2026–31 December 2026
Method of acquisitionMarket purchases on the Tokyo Stock Exchange
Reason for acquisitionIn practicing management with an awareness of the cost of capital and share price, the Company is working to improve ROA, improve ROE by expanding financial leverage, and control the cost of shareholders' equity. As part of these efforts, the Company decided to acquire treasury shares after comprehensively considering the long-term shareholder return targets in the medium-term management plan announced today, its financial position and share price level, among other factors.
Resolution date13 May 2026
Current number of treasury shares20,891,973 shares (as of 30 April 2026). The 344,403 shares of the Company held by the executive compensation trust account are not included in treasury shares.
Total number of issued shares347,605,744 shares (as of 30 April 2026, excluding treasury shares)
Items this document does not state (6)
Number of shares to be retiredPercentage of total issued shares before retirementScheduled retirement dateTotal number of issued shares after retirementChange in acquisition periodChange in acquisition limit

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

As part of its efforts to manage with an awareness of the cost of capital and share price, the Company is working to improve ROA, improve ROE by expanding financial leverage, and control the cost of shareholders' equity. The decision was made after comprehensively considering the shareholder return targets in the medium-term management plan, the Company's financial position and share price level, among other factors.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Revision (Increase) of the Year-End Dividend Forecast for the Fiscal Year Ending March 2026 and the Decision on Matters Related to the Acquisition of Treasury Shares | Odakyu Electric Railway Co.,Ltd. (9007) timely disclosure | Komori