Kyushu Railway revises fiscal 2026 outlook upward, maintains dividend

Kyushu Railway Company announced a revision to its full-year earnings forecast for the fiscal year ending March 2026. This is driven by favorable revenue trends post-fare revisions, despite recording losses from the cancellation of the Hakata Station Air City Project and disaster-related damages.

For the consolidated forecast, net sales, operating income, and ordinary income are all revised upwards. Net sales are now projected at JPY 489,100 million (up 1.2%), operating income at JPY 73,100 million (up 8.1%), and ordinary income at JPY 72,300 million (up 9.7%). However, net income attributable to owners of the parent is revised downwards by 10.0% to JPY 46,000 million.

Despite these adjustments, the company will maintain its annual dividend forecast of JPY 115 per share, as announced on August 5, 2025. This includes an interim dividend of JPY 57.50 per share for the period ending September 30, 2025, reflecting a commitment to shareholder returns with a projected consolidated dividend payout ratio of 38.5%.

The company also announced a share cancellation of 2,652,600 shares, representing 1.69% of outstanding shares before cancellation, aimed at enhancing shareholder returns and capital efficiency.