Komori
East Japan Railway Company (9020) · TargetAdvanced

Shareholder Returns Targeting a 33% Total Payout Ratio

First written in FY2016. 18 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.

32entries
11years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2020-Q2SoftenedFY2020 – FY2021RestatedFY2022-Q2 – FY2023-Q3AdvancedFY2023 – FY20242016: 220162017: 320172018: 320182019: 320192020: 220202021: 220212022: 420222023: 320232024: 220242025: 220252026: 62026
Same theme, other companies
Comprehensive shareholder returns through share buybacks and dividendsA theme 150 companies write about · 0 as a headwind · 153 as a tailwind

East Japan Railway Company moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).

42 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 150 companies compared. The sentences above are computed from all 150.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Under “Yusho 2034,” the company will gradually raise its dividend payout ratio to 40% by fiscal 2027, when growth investments such as the TAKANAWA GATEWAY CITY development are expected to settle down. It will also flexibly acquire treasury shares.」

    The company continued its policy of gradually raising the dividend payout ratio to 40%. For the current fiscal year, it paid or plans to pay annual dividends of ¥74 per share, comprising an interim dividend of ¥35 and a year-end dividend of ¥39, and acquired 2,404,700 treasury shares for approximately ¥7.7 billion.
  3. FY2026-H1AdvancedAnnual report

    「At a meeting of the Board of Directors held on 30 October 2025, the company resolved to pay an interim dividend for the 39th fiscal year (1 April 2025 to 31 March 2026) as follows: (1) total interim dividend payments: ¥39,617 million; (2) dividend per share: ¥35.」

    Under its shareholder return policy, the company resolved to pay an interim dividend of ¥35 per share for fiscal 2025 after the stock split. This represents an increase from the ¥26 interim dividend paid in the previous fiscal year.
  4. FY2025AdvancedAnnual report

    「The year-end dividend for the fiscal year was ¥34 per share. Including the interim dividend of ¥26, the annual dividend was ¥60 per share, and the dividend for the next fiscal year is expected to be ¥62 per share, including an interim dividend of ¥31.」

    The company maintained its policy of a 40% total payout ratio and a 30% dividend payout ratio, indicating annual dividends of ¥60 per share for fiscal 2024 after the stock split and a planned dividend of ¥62 per share for the next fiscal year. In February 2025, it acquired 2.47 million treasury shares worth ¥6.9 billion.
  5. FY2025-H1RestatedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2024, the Company resolved to pay an interim dividend for the 38th fiscal year (1 April 2024–31 March 2025) as follows.」

    Under the shareholder return policy, the Company resolved to pay an interim dividend of ¥26 per share for fiscal 2024 after the stock split.
  6. FY2024AdvancedAnnual report

    「Based on this policy, the year-end dividend for the fiscal year was ¥85 per share. Including the interim dividend of ¥55, the annual dividend was ¥140 per share.」

    The policy of targeting a 40% total payout ratio and a 30% dividend payout ratio was maintained, and an annual dividend of ¥140 was paid. The planned annual dividend for the next fiscal year after the stock split was ¥52.
  7. FY2024-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2023, the Company resolved to pay an interim dividend for the 37th fiscal year (1 April 2023–31 March 2024) as follows.」

    Under the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, the Company resolved to pay an interim dividend of ¥55 per share for the 37th fiscal year. This was an increase from the previous fiscal year's interim dividend of ¥50.
  8. FY2023AdvancedAnnual report

    「Based on this policy, the year-end dividend for the fiscal year was ¥50 per share. Including the interim dividend of ¥50, the annual dividend was ¥100 per share. The dividend for the next fiscal year is expected to be ¥110 per share, including an interim dividend of ¥55.」

    The policy of targeting a 40% total payout ratio and a 30% dividend payout ratio was maintained, and the planned dividend for the next fiscal year was increased to ¥110 from the current fiscal year's annual dividend of ¥100.
  9. FY2023-Q3RestatedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2022, the Company resolved to pay an interim dividend for the 36th fiscal year (1 April 2022–31 March 2023) as follows. (1) Total interim dividend: ¥18,879 million (2) Dividend per share: ¥50」

    The resolution to pay an interim dividend of ¥50 per share for fiscal 2022 was reiterated, with no substantive change to the previous dividend policy disclosed.
  10. FY2023-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2022, the Company resolved to pay an interim dividend for the 36th fiscal year (1 April 2022–31 March 2023) as follows.」

    The Company resolved to pay an interim dividend of ¥50 per share for fiscal 2022. No change to the policy itself of targeting a 40% total payout ratio and a 30% dividend payout ratio was disclosed.
  11. FY2023-Q1RestatedAnnual report

    「22 June 2022 Annual General Meeting of Shareholders Common shares 18,879 Retained earnings 50 31 March 2022 23 June 2022」

    Under the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, a year-end dividend of ¥50 per share was paid for fiscal 2021.
  12. FY2022RestatedAnnual report

    「Under the Group Management Vision "Transformation 2027," with respect to shareholder returns, we aim to achieve a total payout ratio of 40% and a dividend payout ratio of 30% over the medium to long term, and will pursue stable dividend increases as well as flexible share repurchases.」

    The policy of targeting a 40% total payout ratio and a 30% dividend payout ratio was maintained. Meanwhile, the annual dividends for the current and next fiscal years were each set at ¥100.
  13. FY2022-Q3RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2021, the Company resolved to pay an interim dividend of ¥50 per share for the 35th fiscal year (1 April 2021–31 March 2022).」

    Under the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, the Company continued to disclose the resolution to pay an interim dividend of ¥50 per share for fiscal 2021.
  14. FY2022-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2021, the Company resolved to pay an interim dividend of ¥50 per share for the 35th fiscal year (1 April 2021–31 March 2022).」

    The Company resolved to pay an interim dividend of ¥50 per share for fiscal 2021, following the reduction in the dividend level during the COVID-19 pandemic.
  15. FY2021SoftenedAnnual report

    「Based on this policy, the year-end dividend for the fiscal year was ¥50 per share. Including the interim dividend of ¥50, the annual dividend was ¥100 per share. The dividend for the next fiscal year is expected to be ¥100 per share, including an interim dividend of ¥50, the same as in the current fiscal year.」

    While maintaining the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, the annual dividend decreased from ¥165 in the previous fiscal year to ¥100, with the planned dividend for the next fiscal year also set at ¥100.
  16. FY2021-Q2SoftenedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2020, the Company resolved to pay an interim dividend for the 34th fiscal year (1 April 2020–31 March 2021) as follows. (1) Total interim dividend: ¥18,880 million (2) Dividend per share: ¥50」

    The interim dividend decreased from ¥82.50 per share in the previous fiscal year to ¥50 per share in the current fiscal year. The reduction in the dividend level during the COVID-19 pandemic was disclosed.
  17. FY2020SoftenedAnnual report

    「The dividend for the next fiscal year was undetermined as of the date of submission of the Securities Report because future revenue trends and other factors were extremely uncertain due to the impact of COVID-19.」

    The policy of targeting a 40% total payout ratio and a 30% dividend payout ratio was maintained, but the dividend for the next fiscal year was undetermined as of the date of submission due to the impact of COVID-19. The annual dividend for the fiscal year was ¥165, and the dividend payout ratio was 39.3%.
  18. FY2020-Q2AdvancedAnnual report

    「Pursuant to a resolution of the Board of Directors held on 25 April 2019, the Company acquired 3,889,800 common shares through market purchases on the Tokyo Stock Exchange between 15 May and 12 July 2019 for a total of ¥39,999 million and classified them as treasury shares. Pursuant to a resolution of the Board of Directors held on 30 July 2019, the Company cancelled the 3,889,800 treasury shares on 5 August 2019, reducing retained earnings by the ¥40,121 million carrying amount of the treasury shares.」

    Under the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, the Company acquired and cancelled treasury shares. An interim dividend of ¥82.50 per share was approved.
  19. FY2020-Q1AdvancedAnnual report

    「At the end of the first quarter of the fiscal year, the balance of treasury shares had increased by ¥27,294 million from the end of the previous consolidated fiscal year to ¥32,801 million. This was mainly because, pursuant to a resolution of the Board of Directors held on 25 April 2019, the Company acquired 2,644,700 common shares through market purchases on the Tokyo Stock Exchange between 15 May and 30 June 2019 for a total of ¥27,291 million.」

    Under the policy of targeting a 40% total payout ratio and a 30% dividend payout ratio, the Company acquired 2,644,700 treasury shares during the quarter for a total of ¥27.291 billion. The year-end dividend was ¥75 per share, and the Company cancelled 3,889,800 treasury shares in August 2019.
  20. FY2019RaisedAnnual report

    「Under the Group Management Vision "Transformation 2027," with respect to shareholder returns, we aim to achieve a total payout ratio of 40% and a dividend payout ratio of 30% over the medium to long term, and will pursue stable dividend increases as well as flexible share repurchases.」

    The policy was raised from the previous 33% total payout ratio target to a 40% total payout ratio and a 30% dividend payout ratio. The annual dividend for the fiscal year was ¥150, and the planned dividend for the next fiscal year was ¥165.
  21. FY2019-Q2AdvancedAnnual report

    「Pursuant to a resolution of the Board of Directors held on 27 April 2018, the Company acquired 3,833,300 common shares through market purchases on the Tokyo Stock Exchange between 1 May and 3 July 2018 for a total of ¥40,999 million and classified them as treasury shares. Pursuant to a resolution of the Board of Directors held on 18 July 2018, the Company cancelled the 3,833,300 treasury shares on 24 July 2018.」

    Under the 33% total payout ratio policy, the Company acquired and cancelled 3,833,300 treasury shares. An interim dividend of ¥75 per share was approved.
  22. FY2019-Q1AdvancedAnnual report

    「At the end of the first quarter of the fiscal year, the balance of treasury shares had increased by ¥37,536 million from the end of the previous consolidated fiscal year to ¥42,994 million. This was mainly because, pursuant to a resolution of the Board of Directors held on 27 April 2018, the Company acquired 3,500,300 common shares through market purchases on the Tokyo Stock Exchange between 1 May and 30 June 2018 for a total of ¥37,534 million.」

    Under the 33% total payout ratio policy, the Company acquired treasury shares during the quarter for a total of ¥37.534 billion, purchasing 3,500,300 shares.
  23. FY2018AdvancedAnnual report

    「Based on this policy, the year-end dividend for the fiscal year was ¥70 per share. Including the interim dividend of ¥70, the annual dividend was ¥140 per share. As a result, the dividend payout ratio for the fiscal year was 21.9% and the dividend-on-equity ratio was 2.4%. The dividend for the next fiscal year is expected to be ¥150 per share, including an interim dividend of ¥75, in light of the earnings outlook and other factors.」

    Under the 33% total payout ratio policy, the annual dividend for the fiscal year was ¥140 and the planned annual dividend for the next fiscal year was ¥150. During the fiscal year, the Company acquired and cancelled 3,752,400 treasury shares and resolved to repurchase up to 4,600,000 shares for a maximum of ¥41.0 billion for the next fiscal year.
  24. FY2018-Q2AdvancedAnnual report

    「Pursuant to a resolution of the Board of Directors held on 28 April 2017, the Company acquired 3,752,400 common shares through market purchases on the Tokyo Stock Exchange between 1 May and 12 July 2017 for a total of ¥39,999 million and classified them as treasury shares. Pursuant to a resolution of the Board of Directors held on 19 July 2017, the Company cancelled the 3,752,400 treasury shares on 25 July 2017, reducing capital surplus by ¥0 million and retained earnings by ¥39,727 million for the ¥39,727 million carrying amount of the treasury shares.」

    Under the 33% total payout ratio target, the Company proceeded to the implementation stage of acquiring and cancelling 3,752,400 treasury shares.
  25. FY2018-Q1AdvancedAnnual report

    「At the end of the first quarter of the fiscal year, the balance of treasury shares had increased by ¥32,041 million from the end of the previous consolidated fiscal year to ¥37,202 million. This was mainly because, pursuant to a resolution of the Board of Directors held on 28 April 2017, the Company acquired 3,015,100 common shares through market purchases on the Tokyo Stock Exchange between 1 May and 30 June 2017 for a total of ¥32,038 million.」

    Under the 33% total payout ratio target, the Company acquired 3,015,100 treasury shares for a total of ¥32.038 billion between May and June 2017.
  26. FY2017AdvancedAnnual report

    「With respect to shareholder returns, under the "Group Management Concept V," we target a total payout ratio of 33% and will pursue stable dividend payments and flexible share repurchases.」

    The Company maintained its 33% total payout ratio target and acquired and cancelled 3,092,100 treasury shares during the fiscal year. The annual dividend for the next fiscal year is expected to be ¥140 per share, and the Company also resolved to repurchase up to 4,500,000 shares for a maximum of ¥40.0 billion.
  27. FY2017-Q1AdvancedAnnual report

    「At a meeting of the Board of Directors held on 20 July 2016, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and completed the cancellation on 26 July 2016. The number of shares cancelled was 3,092,100, representing 0.79% of the total shares issued before the cancellation.」

    The Company proceeded to the implementation stage of acquiring and cancelling 3,092,100 treasury shares. No change to the 33% total payout ratio target itself was disclosed.
  28. FY2016First statedAnnual report

    「With respect to shareholder returns, we target a total payout ratio of 33% and will pursue stable dividend payments and flexible share repurchases.」

    The Company also stated a policy of generally cancelling repurchased shares.
Moved together

"Expanding customer touchpoints through the use of Suica, electronic money and ICT" moved the same way as this thread, in the same document, in 15 of its 32 moves.

151514131312★123456
  1. ★This thread
  2. 1Expanding customer touchpoints through the use of Suica, electronic money and ICT15×
  3. 2Implementation of the Sixth Safety Five-Year Plan, “Group Safety Plan 2018”15×
  4. 3Railway System Innovation through ICT and Open Innovation14×
  5. 4Expanding Lifestyle Services with Stations as the Primary Management Resource13×
  6. 5Regional Revitalization and Local Industry Activation13×
  7. 6Capturing demand from visitors to Japan12×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
East Japan Railway Company's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-05-19: "Raised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Shareholder Returns Targeting a 33% Total Payout Ratio | East Japan Railway Company (9020) | Komori