NOTO RAILWAY CO.,Ltd.

<h3>3. Dividend Policy</h3>
Our basic policy is to pay dividends from retained earnings at the end of each fiscal year. The dividend decision is made by the shareholders' meeting.
We are a third-sector railway company with 51.1% ownership by local public entities and other investors. We provide highly public-oriented transportation services that are deeply connected to residents' daily lives and the regional economy. In operating our business, we balance profit-making objectives with public interests, including reducing fare burdens on residents, maintaining adequate service frequency, and advancing public welfare.
Since our establishment, we have implemented various measures to strengthen our financial position and expand our business in line with these objectives. However, we have unfortunately been unable to achieve our initial financial targets, and therefore we are currently unable to pay dividends.

Our basic policy is to pay dividends from surplus earnings at the end of each fiscal year, with dividend decisions made by the shareholders' meeting. As a third-sector railway with 51.1% investment from local public entities, we aim to balance profitability with public service. While we continue efforts to strengthen our operations and expand our business since opening, we have not achieved sufficient financial results and therefore are not paying dividends at this time.

NOTO RAILWAY CO.,Ltd. (E04142) Dividends

Dividend Policy

Dividend per Share

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Dividend History (Forecasts, Revisions, Actuals)