WEST JAPAN RAILWAY COMPANY 
By
(Translation)
April 30, 2014
Company name: West Japan Railway Company
President: Seiji Manabe
Code number: 9021, Stock listings: Tokyo Stock Exchange, Nagoya Stock Exchange and Fukuoka Stock Exchange
For further information, please contact: Fumito Ogata, General Manager, Corporate Communications Department
Telephone: +81-6-6375-8889
West Japan Railway Company (JR-West), at the meeting of its Board of Directors held on April 30,
2014, resolved to issue dividend payments from retained earnings with record date of March 31, 2014, as follows.
JR-West plans to propose this agenda at the 27th Ordinary General Meeting of Shareholder of the company to be held in June 2014.
1. Dividends
Resolved amount | Previous dividend forecast (January 30, 2014) | Previous fiscal year (Ended on March 31, 2013) | |
Record date | March 31, 2014 | Same as left | March 31, 2013 |
Dividends per share | ¥60 | ¥55 | ¥55 |
Total dividends | ¥11,624 million | － | ¥10,655 million |
Effective date | June 25, 2014 | － | June 24, 2013 |
Dividend source | Retained earnings | － | Retained earnings |
2. Reason
JR-West considers it important to provide stable shareholder returns over the long term. In light of the usage situation following the commencement of operations to Kanazawa on the Hokuriku Shinkansen Line and progress toward achievement of the targets set out in Medium-Term Management Plan 2017, JR-West aims for a rate of total distribution on net assets of around 3% for the fiscal year ending March
31, 2018.
In regard to the company's financial results in the fiscal year ended March 31 2014, in consideration of the steady progress toward achievement of Medium-Term Management Plan 2017, JR-West decided to revise the dividend forecasts to the figures shown above.
(Reference) Revisions to Forecasts for Year-End Dividends
Dividends per share | |||
Interim | Year-end | Total | |
This fiscal year (Ended on March 31, 2014) | ¥55 | ¥60 (forecast) | ¥115 (forecast) |
Previous fiscal year (Ended on March 31, 2013) | ¥55 | ¥55 | ¥110 |
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