We should like to extend our heartfelt gratitude for your continued understanding of business operations of JR-West Group (the “Group”).
The Group very seriously takes its responsibility for the train accident on the Fukuchiyama Line we caused on April 25, 2005, and placing the safety of railway operations, its core business, as the highest priority issue, has continued to steadily implement various measures listed in the “JR-West Group Medium-Term Management Plan 2022” (the “Medium-Term Management Plan 2022”) and its core component, the “JR-West Group Railway Safety Think-and-Act Plan 2022.”
Furthermore, the Group has implemented various measures to “increase regional value,” “increase railway belt value” and “increase business value” listed in the Medium-Term Management Plan 2022 as a social infrastructure business group.
In the meantime, the business environment surrounding the Group unprecedentedly remains extremely severe, and the outlook for recovery is uncertain due to a significant decrease in the customers’ usage caused by the spread of the novel coronavirus disease (COVID-19). Under such environment, with its four fundamental policies; “fulfilling our mission as a social infrastructure company,” “protecting the safety of customers and employees,” “sustaining the employment” and “sustaining the supply chain,” the Group will continue to fulfill its mission in all of its businesses, while preventing infections among customers and employees and making every effort to ensure safety, and will also make efforts to provide services that adapt to the new needs of customers as society changes.
In order to realize “a safe and comfortable society filled with meetings among people and smiles,” which is our vision for the future, we have revised our “Medium-Term Management Plan 2022” to promote corporate reforms aimed at strengthening management, at structural reforms, and at enhancing our ability to address change, while focusing on improving railway safety and coexisting with local communities. We will continue to pursue these initiatives, while closely monitoring the status of COVID-19 infections and the still uncertain recovery of passenger use, and revise the plan flexibly in an effort to reform and reconstruct the Group and increase its corporate value on a medium- to long-term basis.
Moreover, in April 2021, regarding the global environment, which is one of the Group’s SDGs-focused fields, the Group has established targets for the fiscal year ending March 31, 2031, and disclosed information based on the TCFD recommendations, while setting our intention to achieve “net zero” CO2 emissions by 2050. We will continue our initiatives under the belief that it is important to preserve and leverage the region’s abundant nature and culture, and to contribute to sustainable development of the regional society center on public transportation organization.
With regard to shareholder return, although we recorded loss due to the impact of COVID-19, in light of this policy to emphasize stable dividends over the long-term, we plan to pay a year-end dividend of ¥50 per share and an annual dividend of ¥100 per share, which is in line with our previously announced dividend forecast.
We cordially request our shareholders to understand the situation of the Group and afford continued support.
President and Representative Director