Investor Presentaiton

• Transportation: Revenue from railway passengers and passengers carried (non-consolidated) [Nankai Electric Railway lines: Assumptions for business forecasts] 27 The impact of the revenue decline due to the COVID-19 pandemic is expected to be reduced from the previous fiscal year, but given the changing lifestyles and the fact that inbound passengers have not fully returned, passenger revenue is expected to remain at -20% for the airport line (non-commuter passes) and -10% for existing lines (non-commuter passes) of the pre-pandemic levels (average-year basis). The effect of the fare revision (October 2023) of 1.9 billion yen is separately factored in. (Millions of yen, thousands of passengers) All lines FY2023 forecasts YoY percentage FY2022 results change YOY percentage change FY2021 results YOY percentage change Non-commuter passes 34,032 23.8% 27,486 33.8% 20,538 10.8% Commuter passes 20,462 7.9% 18,971 2.6% 18,495 -0.3% Total 54,495 17.3% 46,457 19.0% 39,033 5.2% Non-commuter passes 92,585 12.8% 82,077 24.4% 65,964 8.7% Commuter passes 124,712 2.5% 121,694 4.1% 116,887 -0.5% Total 217,297 6.6% 203,771 11.4% 182,851 2.6% YoY YOY FY2023 FY2022 Airport line percentage percentage forecasts results FY2021 results YoY percentage change change change Non-commuter passes 7,862 58.7% 4,953 124.8% 2,203 30.7% Commuter passes 1,267 42.4% 889 14.0% 780 -6.9% Total 9,130 56.2% 5,843 95.8% 2,984 18.2% Non-commuter passes 9,708 49.5% 6,494 103.3% 3,194 24.1% Commuter passes 3,430 13.6% 3,020 14.8% 2,631 2.4% Total 13,138 38.1% 9,514 63.3% 5,825 13.2% Passenger revenue carried Passengers Passenger Passengers revenue carried NANKAI

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