{"id":35594,"date":"2026-03-19T16:15:16","date_gmt":"2026-03-19T07:15:16","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/9031-20260319-01_wp_business_update\/"},"modified":"2026-03-19T16:15:16","modified_gmt":"2026-03-19T07:15:16","slug":"9031-20260319-01_wp_business_update","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/","title":{"rendered":"Formulation of the &#8220;Nishitetsu Group 17th Medium-Term Management Plan&#8221;"},"content":{"rendered":"<p>Nishi-Nippon Railroad has formulated its 17th Medium-Term Management Plan for fiscal years 2026 to 2028. Aiming to realize the 2035 long-term vision, it will pursue opportunities for growth, review business strategies, and strive to enhance sustainable corporate value.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9031","jir_company_name":"Nishi-Nippon Railroad Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-19","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/9031-20260319-01.pdf","jir_short_summary":"Nishi-Nippon Railroad has formulated its 17th Medium-Term Management Plan for fiscal years 2026 to 2028. Aiming to realize the 2035 long-term vision, it will pursue opportunities for growth, review business strategies, and strive to enhance sustainable corporate value.","jir_summary":"### Overview of the 17th Medium-Term Management Plan\nThe Nishitetsu Group has formulated the \"Nishitetsu Group 17th Medium-Term Management Plan\" targeting the three fiscal years from 2026 to 2028. This plan represents the second step toward realizing the long-term vision \"Town Dream Vision 2035,\" announced in November 2022. Based on the achievements of the 16th Medium-Term Management Plan and changes in the management environment, it aims to seize growth opportunities and review business strategies. The key initiatives include promoting and deepening community development along railway lines, expanding town development solutions beyond the region, and growing the industrial support business\u2014three growth opportunity stories.\n\n### Financial Indicators and Shareholder Return Policy\nThe financial indicator targets for FY2028 are consolidated operating profit of 40 billion yen, consolidated EBITDA of 70 billion yen, ROE of approximately 9%, Net interest-bearing debt to EBITDA ratio of about 6x, and D\/E ratio of about 1.4x. The shareholder return policy aims for a consolidated dividend payout ratio of 30% or more, implementing dividends in line with profit growth and conducting share buybacks as necessary. This approach seeks to enhance sustainable corporate value and meet stakeholder expectations.","jir_financial_highlights":"Consolidated Operating Profit: 40 billion yen (Unknown)\nConsolidated EBITDA: 70 billion yen (Unknown)\nROE: Approximately 9% (Unknown)\nNet Interest-Bearing Debt \/ EBITDA Ratio: Approximately 6x (Unknown)\nD\/E Ratio: Approximately 1.4x (Unknown)\nConsolidated Dividend Payout Ratio: 30% or higher (Unknown)\nFY2025 ROE (Forecast): 11.9% (Unknown)","jir_category":"","jir_hashtags":"#NishiNipponRailroad, #MediumTermManagementPlan, #TownDreamVision2035, #JapaneseStocks","jir_key_figures":"Consolidated Operating Profit: 40 billion yen (FY2028 target)\nConsolidated EBITDA: 70 billion yen (FY2028 target)\nConsolidated Dividend Payout Ratio: 30% or more (Shareholder return policy)","jir_meta_title":"Nishi-Nippon Railroad Formulates 17th Medium-Term Management Plan Targeting 40 Billion Yen Consolidated Operating Profit by FY2028","jir_meta_description":"Nishi-Nippon Railroad announces its 17th Medium-Term Management Plan for fiscal years 2026 to 2028, aiming for 40 billion yen consolidated operating profit and a consolidated dividend payout ratio above 30%, advancing growth strategies toward realizing Town Dream Vision 2035.","jir_og_title":"Nishi-Nippon Railroad Announces 17th Medium-Term Management Plan to Accelerate Growth Toward 2035 Vision","jir_og_description":"Nishi-Nippon Railroad has formulated its medium-term management plan for 2026 to 2028, focusing on promoting community development along railway lines and business expansion to enhance sustainable corporate value.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":8904,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-35594","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Formulation of the &quot;Nishitetsu Group 17th Medium-Term Management Plan&quot; - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/\",\"name\":\"Formulation of the \\\"Nishitetsu Group 17th Medium-Term Management Plan\\\" - Japan IR\",\"isPartOf\":{\"@id\":\"https:\/\/japanir.jp\/en\/#website\"},\"datePublished\":\"2026-03-19T07:15:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/japanir.jp\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Formulation of the &#8220;Nishitetsu Group 17th Medium-Term Management Plan&#8221;\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/japanir.jp\/en\/#website\",\"url\":\"https:\/\/japanir.jp\/en\/\",\"name\":\"Japan IR\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/japanir.jp\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Formulation of the \"Nishitetsu Group 17th Medium-Term Management Plan\" - Japan IR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/","url":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/","name":"Formulation of the \"Nishitetsu Group 17th Medium-Term Management Plan\" - Japan IR","isPartOf":{"@id":"https:\/\/japanir.jp\/en\/#website"},"datePublished":"2026-03-19T07:15:16+00:00","breadcrumb":{"@id":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/japanir.jp\/en\/company\/company-9031\/ir\/9031-20260319-01_wp_business_update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/japanir.jp\/en\/"},{"@type":"ListItem","position":2,"name":"Formulation of the &#8220;Nishitetsu Group 17th Medium-Term Management Plan&#8221;"}]},{"@type":"WebSite","@id":"https:\/\/japanir.jp\/en\/#website","url":"https:\/\/japanir.jp\/en\/","name":"Japan IR","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/japanir.jp\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"related_company_data":{"id":"8904","title":"NISHI-NIPPON RAILROAD CO","ticker":"9031"},"_links":{"self":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/35594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release"}],"about":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/types\/ir_release"}],"replies":[{"embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/comments?post=35594"}],"version-history":[{"count":0,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/35594\/revisions"}],"wp:attachment":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/media?parent=35594"}],"wp:term":[{"taxonomy":"sector","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/sector?post=35594"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/importance?post=35594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}