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Investor Presentaiton

Income Statement (Consolidated) (Billions of yen) FY2016.3 FY2017.3 Changes (B-A) Results A Results B Operating Revenues 1,738.4 1,756.9 +18.5 Operating Expenses 1,159.7 1,137.4 -22.3 Operating Income 578.6 619.5 +40.8 Non-operating Income -67.2 -55.5 +11.6 (Loss) Ordinary Income 511.4 563.9 +52.5 Net Income Attributable 337.4 392.9 +55.4 to Owners of the Parent ■ Actual long-term debt (Billions of yen) Excluding the "Chuo" Actual capital investment (Billions of yen) Balance as of year-end Changes (( ) for the "Chuo ") Balance as of year-end Consolidated Changes Non- consolidated Consolidated 3,395.4 1,450.4 1,895.4 -49.5 374.9 330.8 Safety-related investment 180.8 Chuo Shinkansen 102.9 Non- consolidated 3,369.0 1,453.4 1,869.0 -46.5 (1,500.0) (1,500.0) *"Chuo" = Long-term debt for construction of the Chuo Shinkansen 13
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