Keihan Group Long-Term Management Strategy Update and Formulation of the Medium-Term Management Plan ‘Refining True Value 2028’

Update of Long-Term Management Strategy and Formulation of the Medium-Term Management Plan

Keihan Group has steadily been implementing its management vision of 'A beautiful Keihan Line, connecting with the world,' with the goal year of FY2030, by formulating the long-term management strategy and medium-term management plan 'BIOSTYLE – Deepening and Challenging' in March 2023. At the Board of Directors meeting on May 12, 2026, these quantitative targets were further revised upward, and a new three-year medium-term management plan, 'Refining True Value 2028' (FY2026–FY2028), was established to rebuild the growth story toward achieving these goals.

Overview of Growth Targets and Capital Policy

The quantitative targets for FY2030 include raising ROE to approximately 10% (up from 8%) and achieving net income attributable to owners of the parent of over 38 billion yen (up from over 30 billion yen). The growth story centers on high value-added development through discovery and deepening of regional resources, creation of new businesses, and optimization of capital structure, aiming for operating cash flow of 3,800 billion yen, investments of 3,600 billion yen (including 2,500 billion yen for growth investments), asset sales exceeding 55 billion yen, shareholder returns over 70 billion yen, and an equity ratio of approximately 35%. While considering the challenging business environment, the Group aims to refine the 'true value' that is Keihan's unique strength, and to pursue both enhancing the value of its lines and improving capital efficiency.