Komori
Disclosure9048Nagoya Railroad Co., Ltd.Transportation and Logistics

Notice Concerning Changes (Enhancement) to the Shareholder Benefit Program

The shareholder benefit program will be revised to provide shareholders who hold 200 or more shares continuously for at least 3 years with additional shareholder benefit travel passes based on the number of shares held. In addition, a continuous holding requirement of at least 1 year will be introduced for the existing benefits, and shareholders who have held their shares for less than 1 year will not be eligible for benefits.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
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

Changes (enhancement) to the shareholder benefit program

Decision15 May 2026
Period CoveredShareholder benefit coupons: once a year, based on the record date of 31 March. Shareholder benefit travel passes: twice a year, based on the record dates of 31 March and 30 September.
ImplementationPlanned to apply from the shareholder benefit program based on the record date of 31 March 2027
Going forwardThe changes will apply from the program based on the record date of 31 March 2027. The first shipment of shareholder benefit travel passes under the long-term shareholder benefit program is scheduled for early June 2027. Transitional measures are planned for the first record date after the changes take effect, 31 March 2027.
Quantity / scaleShareholders who have continuously held 200 or more shares for at least 3 years will receive an additional 2 or 4 shareholder benefit travel passes per half-year. Continuous holding of at least 1 year will be required for the existing benefits, and shareholders who have held their shares for less than 1 year will not be eligible. Eligibility will be determined based on records of holdings of 200 or more shares under the same shareholder number on at least 7 occasions or on at least 3 consecutive occasions.
Reason

To express appreciation for shareholders’ ongoing support, enhance the attractiveness of investing in the Company’s shares, and encourage more shareholders to continue holding them over the medium to long term.

Decision and Details
ItemDetails
Matter CoveredChanges (enhancement) to the shareholder benefit program
Decision Date15 May 2026
Implementation DatePlanned to apply from the shareholder benefit program based on the record date of 31 March 2027
Period CoveredShareholder benefit coupons: once a year, based on the record date of 31 March. Shareholder benefit travel passes: twice a year, based on the record dates of 31 March and 30 September.
Quantity / scaleShareholders who have continuously held 200 or more shares for at least 3 years will receive an additional 2 or 4 shareholder benefit travel passes per half-year. Continuous holding of at least 1 year will be required for the existing benefits, and shareholders who have held their shares for less than 1 year will not be eligible. Eligibility will be determined based on records of holdings of 200 or more shares under the same shareholder number on at least 7 occasions or on at least 3 consecutive occasions.
ReasonTo express appreciation for shareholders’ ongoing support, enhance the attractiveness of investing in the Company’s shares, and encourage more shareholders to continue holding them over the medium to long term.
Future plansThe changes will apply from the program based on the record date of 31 March 2027. The first shipment of shareholder benefit travel passes under the long-term shareholder benefit program is scheduled for early June 2027. Transitional measures are planned for the first record date after the changes take effect, 31 March 2027.
Items this document does not state (5)
Decision-Making BodyAmountImpact 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.

To express appreciation for shareholders’ ongoing support, enhance the attractiveness of investing in the Company’s shares, and encourage more shareholders to continue holding them over the medium to long term.

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 Concerning Changes (Enhancement) to the Shareholder Benefit Program | Nagoya Railroad Co., Ltd. (9048) timely disclosure | Komori