Kyushu Railway raises full-year forecasts, boosts shareholder returns

Kyushu Railway Company reported a robust first half for the fiscal year ending March 2026, with consolidated operating revenue reaching ¥237.6 bn (up 14.0% year-on-year) and operating income increasing to ¥40.8 bn (up 38.4% year-on-year). These results were fueled by increased railway passenger transport revenues due to revised fares and charges, along with higher real estate sales. Consequently, the company has revised its full-year consolidated forecasts upwards, now projecting operating revenue at ¥489.1 bn and operating income at ¥73.1 bn.

Despite positive revenue trends, net income attributable to owners of the parent decreased by ¥0.3 bn year-on-year to ¥22.3 bn due to extraordinary losses. These included ¥1.4 bn for disaster-related railway restoration efforts and a ¥8.7 bn loss from the cancellation of the Hakata Station urban development project. However, the company is committed to long-term shareholder returns, targeting a consolidated dividend payout ratio of 35% or more through FY2028.3, and expects an annual dividend of ¥115 per share for FY2026.3.

The company is also progressing with its Medium-Term Business Plan 2025-2027, focusing on sustainable mobility services, city building through enhanced business collaboration, and future investments. Key initiatives include expanding IC card usage in the Nishi-Kyushu area, developing the Hohi Main Line area, and participating in land readjustment projects in Fukuoka Prefecture.