Nagoya Railway will change its dividend policy starting from the fiscal year ending March 2027, setting a minimum dividend of 60 yen per share and maintaining a consolidated payout ratio of 30% or higher.<\/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":"9048","jir_company_name":"Nagoya Railway Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-05-15","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/9048-20260515-03.pdf","jir_short_summary":"Nagoya Railway will change its dividend policy starting from the fiscal year ending March 2027, setting a minimum dividend of 60 yen per share and maintaining a consolidated payout ratio of 30% or higher.","jir_summary":"### Change in Dividend Policy\nNagoya Railway has revised its dividend policy to prioritize capital efficiency, balancing profit growth and shareholder return stability. From the fiscal year ending March 2027, it will maintain a consolidated payout ratio of 30% or higher while setting the minimum dividend per share at 60 yen. This approach aims to ensure stable shareholder returns while continuing growth investments.\n\n### Impact on Shareholders and Future Outlook\nWith this change in dividend policy, shareholders can expect stable dividends, and there is potential for dividend increases depending on future performance. Nagoya Railway will continue to pursue profit growth and improved capital efficiency to maximize long-term corporate value. The combination of dividend stability and growth investments aims to enhance investor confidence.","jir_financial_highlights":"Dividend Amount: 60 yen (minimum dividend) (Newly set)\nPayout Ratio: 30% or higher (Maintain)","jir_category":"","jir_hashtags":"#NagoyaRailway, #DividendPolicy, #JapaneseStocks","jir_key_figures":"Dividend Amount: 60 yen (minimum dividend)\nPayout Ratio: 30% or higher\nEffective from: FY ending March 2027","jir_meta_title":"\u3010Nagoya Railway\u3011Change in Dividend Policy | May 2026","jir_meta_description":"Nagoya Railway will change its dividend policy starting from FY ending March 2027, setting a minimum dividend of 60 yen per share. Aiming to balance shareholder returns and growth investments.","jir_og_title":"\u3010Nagoya Railway\u3011Change in Dividend Policy | May 2026","jir_og_description":"Nagoya Railway has revised its dividend policy to include a minimum dividend. Balancing stable shareholder returns and growth investments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8120,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"dividend","footnotes":""},"sector":[],"importance":[],"class_list":["post-52481","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n