Notice Regarding Increase in Retained Earnings Dividend for Fiscal Year Ending March 2027 and Revision of Full-Year Earnings Forecast and Dividend Forecast

Revision of Earnings Forecast and Increase in Dividend

At the Board of Directors meeting held today, the full-year earnings forecast for the fiscal year ending March 2027 was revised upward. All indicators—Revenue, Operating Income, Ordinary Income, and Net Income—are expected to exceed the previous forecasts, and a resolution was passed to increase the dividend of retained earnings. The interim dividend will be 44 yen and the full-year dividend will be 88 yen, in line with the shareholder return policy aiming for a 40% payout ratio.

Shareholder Returns and Outlook

The revision of the dividend forecast is implemented alongside the policy to raise the payout ratio to 40% in fiscal 2027 after growth investments under the Group management vision "Yusho 2034." There is no specific timing stated for the execution of share buybacks, but a flexible implementation policy is indicated, aiming to provide investors with stable cash returns. Increased railway transportation revenue is cited as a factor behind the upward revisions to Revenue and other profit items.