West Japan Railway Company : Notice of Issuance of Dividend Payments (Interim) and Revision to the Forecast of Dividends for the Year Ending March 31, 2013 (the 26th Fiscal Year) (Translation;PDF 30KB)

October 30, 2012
(Translation)
Company name: West Japan Railway Company
President: Seiji Manabe
Code number: 9021, Stock listings: Tokyo Stock Exchange, Osaka Securities 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 (the "company"), at the meeting of its Board of Directors held on October 30, 2012, resolved to issue dividend payments from retained earnings with record date of September 30, 2012. Accordingly, the company will make adjustment to the forecasts for year-end dividends per share for the year ending March 31, 2013 (the 26th fiscal year), as described below:

1. Interim Dividends

2. Revisions to Forecasts for Year-End Dividends

3. Reason
As stated in "Revisions to the JR-West Group's Medium-Term Management Plan 2008-2012" announced on October 28, 2010, JR-West considers enhancing shareholder returns to be an important concern. Premised on the successful realization of projects, and on condition that our projects yield results, we aim to maintain a consolidated dividend on equity ratio (DOE) of 3% in the fiscal year ending March 2013.
In the fiscal year ending March 31, 2013, we project that we will be able to meet the
performance goals outlined in the medium-term management plan. Therefore, with the aim of achieving our target, we decided to issue interim dividend payments of ¥55 per share, up ¥5 in comparison to the
¥50 per share projected by the dividend forecasts released on July 27, 2012. Likewise, forecasts for
year-end dividends were revised to ¥55 per share, up ¥5 in comparison to the ¥50 per share projected in previous forecasts.
End

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