Investor Presentaiton
REFERENCE MATERIALS FOR THE GENERAL MEETING OF
SHAREHOLDERS
Agenda and Reference Materials
Agenda Item No. 1: Proposal for Appropriation of Retained Earnings
Our basic approach to capital policy is to keep shareholders' equity at the level
required to maintain and grow operational foundations in a sustainable way while paying
stable cash dividends and implementing share repurchases flexibly in light of performance
to steadily increase returns to shareholders. We are aiming to realize a total return ratio of
40% and dividend payout ratio of 30% over the medium to long term in accordance with the
JR East Group Management Vision "Move Up" 2027.
Based on such policy, we propose to appropriate retained earnings as described below.
For this fiscal year, an interim cash dividend of ¥50 per share was previously paid
in December 2022, and a year-end cash dividend of ¥50 per share is proposed.
Matters concerning year-end dividend
(1)
Type of dividend
Cash
(2)
(3)
Information regarding allotment of dividend to shareholders (including
amount)
Dividend per share of the Company's common stock:
Total amount of dividend paid:
¥50
¥18,879,895,300
Total annual dividend will be ¥100 per share including the interim dividend
of ¥50 per share.
Effective date of dividend
June 23, 2023
Reference Materials common to Agenda Items No. 2 through No. 6
Agenda Items No. 2 (partially excluded) through No. 6, to be proposed at this General
Meeting of Shareholders are all related to the Company's transition to a company with Audit
and Supervisory Committee. In making these proposals, we would like to show an image of
a company with Audit and Supervisory Committee, comparing with a company with Board
of Corporate Auditors, and explain the Company's framework after the transition as follows.
(1)
Image of a company with Audit and Supervisory Committee
Election/Dismissal
General Meeting of Shareholders
Election/Dismissal
Board of Directors
Audit and Supervision
Audit and Supervisory Committee
Directors (excluding Directors who are Audit and Supervisory
Committee Members)
*Term of Office: 1 year
Decisions on important business
Directors who are Audit and Supervisory
Committee Members
*Term of Office: 2 years
Audit and Supervisory Committee Members also attend the Board of Directors meetings
(Unlike Corporate Auditors, own voting rights in the Board of Directors)
Delegation of partial authority to Directors (Reporting of status of business execution)
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