Worth reading
76Important
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsChanges (enhancement) to the shareholder benefit program
Decision13 May 2026
Period CoveredFor the long-term holding benefits, continuous shareholding will be assessed at all of the most recent 7 record dates. Benefits will be sent once every six months (twice a year) to shareholders holding 500 shares or more, and once a year to shareholders holding 100 shares or more but fewer than 500 shares.
ImplementationThe changes will begin with shareholder benefits based on the end of September 2026, scheduled to be sent in late November 2026. The reduction in the minimum shareholding requirement for the regular benefits will begin with benefits based on the end of March 2027, scheduled to be sent in late May 2027. Both dates are scheduled.
Going forwardThe expanded benefits for shareholders as of the end of September 2026 are scheduled to be sent in late November 2026. The benefits for shareholders as of the end of March 2027, with the minimum shareholding requirement set at 100 shares or more, are scheduled to be sent in late May 2027.
Quantity / scaleThe minimum shareholding requirement for the long-term holding benefits will be lowered from 1,500 shares or more to 500 shares or more. The minimum shareholding requirement for the regular shareholder benefits will be lowered from 500 shares or more to 100 shares or more. Continuous shareholding for 3 years or more is required for the long-term holding benefits.
Reason
Strengthening shareholder returns as set out in the medium-term management plan, enhancing the investment appeal of the Company's shares, expressing appreciation for shareholders' continued support, and expanding opportunities to experience the Group's services.
| Item | Details |
|---|---|
| Matter Covered | Changes (enhancement) to the shareholder benefit program |
| Decision-Making Body | Board of Directors |
| Decision Date | 13 May 2026 |
| Implementation Date | The changes will begin with shareholder benefits based on the end of September 2026, scheduled to be sent in late November 2026. The reduction in the minimum shareholding requirement for the regular benefits will begin with benefits based on the end of March 2027, scheduled to be sent in late May 2027. Both dates are scheduled. |
| Period Covered | For the long-term holding benefits, continuous shareholding will be assessed at all of the most recent 7 record dates. Benefits will be sent once every six months (twice a year) to shareholders holding 500 shares or more, and once a year to shareholders holding 100 shares or more but fewer than 500 shares. |
| Quantity / scale | The minimum shareholding requirement for the long-term holding benefits will be lowered from 1,500 shares or more to 500 shares or more. The minimum shareholding requirement for the regular shareholder benefits will be lowered from 500 shares or more to 100 shares or more. Continuous shareholding for 3 years or more is required for the long-term holding benefits. |
| Reason | Strengthening shareholder returns as set out in the medium-term management plan, enhancing the investment appeal of the Company's shares, expressing appreciation for shareholders' continued support, and expanding opportunities to experience the Group's services. |
| Future plans | The expanded benefits for shareholders as of the end of September 2026 are scheduled to be sent in late November 2026. The benefits for shareholders as of the end of March 2027, with the minimum shareholding requirement set at 100 shares or more, are scheduled to be sent in late May 2027. |
Items this document does not state (4)
AmountImpact on Business PerformanceGoverning RuleRelated previous disclosures
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.The objectives are to strengthen shareholder returns as set out in the medium-term management plan, enhance the investment appeal of the Company's shares, express appreciation for shareholders' continued support, and expand opportunities for shareholders to experience services provided by the Group, including its railway services.
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