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Return to Shareholders / Dividends

As of October 31, 2023

Shareholder Return Policy

We aim to deliver steady dividends to shareholders, as measured by a total payout ratio of 30%, and steadily acquire treasury stock, while working to enhance our operating foundation.
Besides, we will cap our treasury holdings at 5% of total outstanding shares and dispose of any holdings that exceed this cap.

Specific Figures for Dividend of Surplus

For FY2023, annual dividend will be ¥50 per share (¥25 interim + ¥25 year-end). Shares will be repurchased with a cap of ¥2.0 billion.

For FY2024, based on recent business performance, the expected year-end dividend will be amended upwards by \5 per share to \30 per share. As a result, the annual dividend will be \55 (\25 interim + \30 year-end).
With regard to the acquisition of treasury stock, the Company plans to buyback stock based on the formula described above.

Changes in Shareholder Returns

Dividends Annual dividend per share
50.00 50.00 50.00 50.00 55.00
Interim dividend (yen) 25.00 25.00 25.00 25.00 25.00
Annual dividend 12.2 billion yen 12.2 billion yen 12.1 billion yen 12.1 billion yen
Acquisition of Treasury Stock Number of stocks acquired (stocks) 1,235,500 - - 437,900
Acquisition amount 4.3 billion yen - - 2.0 billion

1.Shares acquired by requesting purchase of shares less than one unit are not included.
2.The annual dividend and the acquisition amount of treasury stock have been rounded to the nearest 100 million yen.

By delivering “Safety and Comfort” and “Dreams and Excitement,”
we create satisfaction among our customers and contribute to society.

  • Hankyu Corporation
  • Hanshin Electric Railway
  • Hanshin Electric Railway
  • Hankyu Travel International