Hiroshima Electric Railway Co.,Ltd. [9033.T]
TOKYO, May 14 (Pulse News Wire) – Hiroshima Electric Railway CO.,LTD. (9033.T) unveiled its three-year medium-term management plan, titled “Hiroden Group Comprehensive Three-Year Plan 2028,” covering fiscal years 2026 through 2028.
The plan focuses on rebuilding financial foundations while enhancing growth areas, aiming to achieve a sustainable cycle of development. Key strategies include improving safety measures, establishing sustainable public transportation services, and optimizing real estate operations. Under the plan, the company targets an operating revenue of ¥450 billion by 2028, up from ¥374 billion in 2025, with a net income goal of ¥37.40 billion compared to ¥11.50 billion in 2025. Additionally, the firm seeks to maintain a debt-to-EBITDA ratio below 7.0 times throughout the period.
To support these goals, Hiroshima Electric Railway plans significant investments such as the redevelopment of Hiroshima Station South Plaza and the purchase of low-floor electric train cars. The company also intends to enhance disaster risk management and promote environmental initiatives like EV bus adoption. Financially, the strategy emphasizes balancing growth investments with shareholder returns, targeting a dividend payout ratio of around 27.8% by 2028. This comprehensive approach aims to create a resilient and sustainable future for both the city of Hiroshima and the Hiroden Group, aligning economic growth with social responsibility and environmental stewardship.
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