Tobu Railway Co., Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2024, Payable on December 4, 2023; Provides Dividend Guidance for Fiscal Year Ending March 31, 2024
November 02, 2023 at 02:00 am EDT
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Tobu Railway Co., Ltd. announced Dividend of JPY 25.00 per share as compared to JPY 15.00 per share paid a year ago for the Second Quarter of Fiscal Year Ending March 31, 2024, Payable on December 4, 2023.
Provided dividend guidance for fiscal year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 20.00 per share as compared to JPY 15.00 per share paid a year ago.
Tobu Railway Co., Ltd. specializes in railway transportation services. The group is also developing retail, leisure centers operating and real estate promotion activities. Net sales break down by activity as follows:
- retail distribution (38.8%);
- railway transportation services (28.5%): detention, at the end of March 2021, of a network of 463.3 km of railway lines. Tobu Railway Co is also providing transportation by bus and taxi services;
- development and promotion of real estate assets (9.7%);
- leisure centers and hotels operating (7%);
- other (16%).
Tobu Railway Co., Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2024, Payable on December 4, 2023; Provides Dividend Guidance for Fiscal Year Ending March 31, 2024