KansaiRapidRailwayCo.,Ltd

<h3 class="smt_head2">3 Dividend Policy</h3><p class="smt_text2" style="orphans:0;widows:0;">Dividends are paid once per year in principle, subject to approval at the shareholders' meeting. When obtaining a license as a Type III railway operator, the financial projections submitted to the Minister of Transportation (at that time) indicated that cumulative funding shortfalls would be eliminated 30 years after opening, and cumulative losses would be resolved by that time. While cumulative losses were eliminated in the 26th fiscal period (March 2014), long-term debt stood at 156,274 million yen as of the end of the 36th fiscal period (March 2024). Accordingly, we will not pay dividends and will continue to prioritize the reduction of long-term debt.</p><p class="smt_text6" style="orphans:0;widows:0;"> </p>

<p>The Company's basic policy is to pay dividends once per year, subject to approval at the shareholders' meeting. In accordance with our priority to reduce long-term debt, we continue to retain earnings for debt repayment rather than pay dividends.</p>

KansaiRapidRailwayCo.,Ltd (E04146) Dividends

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