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Investor Presentaiton

Long-term Debt Forecast Properly control the total amount of long-term debt going forward Corporate Bonds Long-Term Loans No. 1 debt No. 2 debt No. 3 debt Long-term debt for the Chuo Shinkansen construction (Billions of yen) 5,456.2 5,000 4,000 3,000 2,000 1,000 ☐ //////// /////////// ///////////////// ///////// ////////////// Long-Term Account Payable-Railway Facilities 0 1991 1996 //////////////////////// \\/////////////////////// ■2017 Long-term debt (Plan) (Billions of yen) Balance as of Excluding the "Chuo" year-end (( ) for the "Chuo ") Changes Balance as of year-end Changes Consolidated 4,859.4 1,464.0 1,859.4 -36.0 Non- consolidated 4,859.0 1,490.0 (3,000.0) (1,500.0) 1,859.0 -10.0 \\/////////////////// //////////////// \\///////////////// \\///////////////// 3,000.0 *"Chuo" = Long-term debt for construction of the Chuo Shinkansen \\////// \\//////// ///// /// W W 2001 2006 2011 Transition of JR Central long-term debt (non-consolidated) 1,859.0 //I ☑ (Fiscal year) 2016 2017 Plan 25
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