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Investor Presentaiton

Chuo Shinkansen Project - Full Efforts in the Construction Between Shinagawa and Nagoya Progress in acquisition of land and concluding construction contracts October 17, 2014: Approval on the construction plan (Part 1) between Shinagawa and Nagoya Briefing on business Steady increase in capital investment (Billions of yen) 159.0 Construction contract 102.9 Center line survey. Discussions on design. Briefing on land. Briefing on construction 32.1 Land survey. Acquisition of land. Flow from briefing on business to start of construction Construction work in full scale at locations along the line 5 Start of construction 2014 2015 2016 2017 (Fiscal Plan year) AC FR EN Southern Alps Tunnel (Yamanashi construction section) Kita-Shinagawa emergency exit and electrical Meijo emergency exit substation 4
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