Nagoya Railroad unveils mid-term plan with increased shareholder returns

Nagoya Railroad Co. (TSE:9048) today announced key details of its medium-term management plan for fiscal years 2024-2026, including numerical targets for its mid- to long-term management strategy, and its cash flow allocation policy. A central component of the plan is a commitment to enhancing shareholder returns through a consolidated dividend payout ratio of 30% or higher and the flexible repurchase of company shares. The plan will be effective from FYE 03/2026.