Fact Sheets 2013 Year ended March 31, 2013

Transcription

1 Fact Sheets 213 Year ended March 31, 213 WEST JAPAN RAILWAY COMPANY CONTETS Corporate Overview 1-2 JR-West s Corporate Profile, Service Area, Revenue Composition 3 Main Group Companies 4 JR-West Group Medium-Term Management Plan 217 Operating Environment 5 Operating Area Population and Gross Production 6 Demand from Inbound Travel 7 and Expressway Networks Businesses 8 Sanyo Shinkansen Line/Shinkansen versus Airlines 9 Development of New Shinkansen Lines (Hokuriku Shinkansen Line) 1 Kansai Urban Area (Kyoto-Osaka-Kobe Area) 11 Non-Transportation Operations 12 Development of Kansai Urban Area Hokuriku Shinkansen Data 13 Uses of Cash Flows Capital Expenditures/Dividends 14 Uses of Cash Flows Long-Term Debt and Payables 15 Employees 16 Management Indicators 17 Consolidated Financial Data 18 Non-Consolidated Financial Data 19 Transportation Revenues 2 Transportation Data Other 21 Outline of Government s Regulations on Railway Fares and Charges 22 Environmental Initiatives

2 WEST JAPAN RAILWAY COMPANY Corporate Overview JR-West s Corporate Profile, Service Area, Revenue Composition PROFILE (AS OF MARCH 31, 213) Date of establishment: April 1, 1987 Common stock: 1 billion Shares outstanding: 198,256,6 Employees: 26,889 (non-consolidated) REVENUE COMPOSITION (FY ENDED MARCH 31, 213) REVENUES (REVENUES FROM THIRD PARTIES) 9.9% Transportation billion 7.% 45,326 (consolidated) Number of subsidiaries: 札幌 Food Services billion 1,298.9 billion 18.1% Boundary Stations between JR-West and Other JR Companies Shinkansen Line (Bullet Train) Intercity Lines Regional Lines Sales of Goods and Total 143 ( incl. 64 consolidated subsidiaries) Real Estate billion Other Businesses billion Omishiotsu Maibara 65.% Transportation Railway Total route length: 5,15.7 kilometers Shinkansen 644. kilometers Conventional lines 4,371.7 kilometers Tanigawa INCOME 9.5% * The total route length is the sum of the Shinkansen and conventional lines. Transportation billion Kakogawa Shin-Kobe Real Estate billion Other Businesses billion Nishi-Akashi Kyobashi Amagasaki Kobe Osaka Nara Tennoji Oji Takada Kansai RAILWAY REVENUES Kansai Urban Area (Kyoto-Osaka-Kobe Area) Wakayama Shinkansen billion Kansai Urban Area Total (Kyoto-Osaka-Kobe Area) billion billion Other Conventional Lines billion 46.4% 37.9% Train-kilometers per day: Total 526 thousand Shinkansen 17 thousand Conventional lines 418 thousand Bus Services Ferry Services JR-Hokkaido Kameyama Tsuge 69.3% 15.7% Kusatsu Shin-Osaka Himeji Food Services... (.4) billion billion (.4)% Aioi Sales of Goods and Total 21.5% Number of stations: 1,222 Number of passenger cars: 6,534 Number of passengers: Total 1,813 million Shinkansen 65 million Conventional lines 1,763 million Kansai Urban Area 1,451 million Other 365 million Passenger-kilometers: Total 54,769 million Shinkansen 17,171 million Conventional lines 37,598 million Kansai Urban Area 28,49 million Other 9,18 million Yamashina Kyoto TOTAL ASSETS (AS OF MARCH 31, 213) 1.7% Transportation... 1,916.3 billion 14.6% 4.% Sales of Goods and Food Services: Sales of goods, department stores, wholesale of various goods Real Estate: Shopping center operations, sales and leasing real estate services Other Businesses: Hotel services, travel services, rental of goods, construction, etc. Sales of Goods and Total 2,613.7 billion Food Services billion 225 series commuter train Typical train configuration 8 cars Capacity 1,91 Maximum speed 13km/h Real Estate billion Other Businesses billion 7.8% SERVICE AREA Western part of Honshu, the main island of Japan, and northern part of Kyushu Approx. 1/3 of Japan s population and GDP Shinkansen Line (Bullet Train) Niigata Conventional lines Kansai Urban Area JR-East Nijo-jo Area of Other Conventional Lines Historic Monuments of Ancient Kyoto (Kyoto, Uji and Otsu Cities) World Heritages Iwami Ginzan Silver Mine and its Cultural Landscape Sunrise Izumo Typical train configuration 7 cars Capacity 15 Maximum speed 13km/h Thunderbird limited express Typical train configuration 9 cars Capacity 546 Maximum speed 13km/h Toyama Ishikawa Nagano Fukui Tokyo Hiroshima Pref. Hiroshima Peace Memorial (Genbaku Dome) Shimane Tottori Okayama JR-West Hiroshima Okayama Hiroshima Hiroshima Pref. Itsukushima Shinto Shrine Kyoto Hyogo Nagoya Kyoto Shin-Osaka Osaka Takamatsu Sanyo Shinkansen (JR-West) Hakata Shinagawa Shin-Kobe Yamaguchi Kokura JR-Central Shiga Wakayama Nara Mie Tokaido Shinkansen (JR-Central) Fukuoka JR-Shikoku Sakura/Mizuho N7 Typical train configuration 8 cars Capacity 546 Maximum speed 3km/h Kumamoto Kyushu Shinkansen (JR-Kyushu) Kasugayama Primeval Forest Koyasan Kongobuji Kagoshima-Chuo Fact Sheets 213 Nozomi N7 Typical train configuration 16 cars Capacity 1,323 Maximum speed 3km/h Kuroshio limited express Typical train configuration 6 cars Capacity 36 Maximum speed 13km/h Himeji-jo Sacred Sites and Pilgrimage Routes in the Kii Mountain Range Nara City Sightseeing Information Center Historic Monuments of Ancient Nara Buddhist Monuments in the Horyu-ji Area 1-2

3 Corporate Overview Main Group Companies (As of March 31, 213) Business Company Name Paid-in Capital Equity Business Company Name Paid-in Capital Equity (Millions of yen) Ownership (%) (Millions of yen) Ownership (%) Transportation Railway Services Sagano Scenic Railway 2 1. Other Businesses Hotel West Japan Railway Hotel Development Limited 18, 1. Bus Services Chugoku JR Bus Company 2,84 1. Hotel Granvia Hiroshima Co., Ltd. 2, West Japan JR Bus Company 2,11 1. Hotel Granvia Osaka Co., Ltd. 2, Ferry Services JR West Miyajima Ferry Co., Ltd. 1,1 1. Hotel Granvia Okayama Co., Ltd. 2, Sales of Goods and Food Services Wakayama Terminal Building Co., Ltd. 1, 61. Department Store West Japan Railway Isetan Limited 12, 6. Sannomiya Terminal Building Co., Ltd West Japan Railway Daily Service Net Company 2,3 1. Travel Services Nippon Travel Agency Co., Ltd. 4, 79.8 West Japan Railway Food Service Net Company Rent-a-Car Services West Japan Railway Rent-A-Car & Lease Co. LTD Japan Railway Service Net Hiroshima Company 3 1. Advertising Services JR West Japan Communications Company 2 1. Retail Sales and Food Services Japan Railway Service Net Okayama Company Maintenance for Railcar Facilities WEST JAPAN RAILWAY TECHNOS CORPORATION Japan Railway Service Net Kanazawa Company 2 1. WEST JAPAN RAILWAY SHINKANSEN TECHNOS Japan Railway Service Net Yonago Company 2 1. CORPORATION 8 1. Japan Railway Service Net Fukuoka Company 2 1. Maintenance for Machinery West Japan Railway Techsia Co., Ltd West Japan Railway Fashion Goods Co., Ltd Electric Works West Japan Electric Technologys Co., Ltd Wholesale Japan Railway West Trading Company 2 1. West Japan Electric System Co., Ltd Real Estate Construction Consultation JR-West Japan Consultants Company 5 1. Real Estate Sales and Leasing Kyoto Station Building Development Co., Ltd. 6, 61.9 Cleaning and Maintenance Works West Japan Railway MAINTEC Co., LTD Osaka Terminal Building Company 5, West Japan Railway Hiroshima MAINTEC Co., LTD JR-West Japan Real Estate & Development Company West Japan Railway Kanazawa MAINTEC Co., LTD JR-West Fukuoka Development Co., Ltd West Japan Railway Fukuoka MAINTEC Co., LTD Shopping Centers Tennoji Shopping Center Development Co., Ltd. 1,8 1. West Japan Railway Okayama MAINTEC Co., LTD JR West Japan Shopping Center Development Company 1,2 1. West Japan Railway Fukuchiyama MAINTEC Co., LTD Kyoto Station Center Co., Ltd. 1, 59.1 West Japan Railway Yonago MAINTEC Co., LTD Toyama Terminal Building Company Information Services JR WEST IT Solutions Company West JR Create Company Construction Railway Track and Structures Technology Co., Ltd Kanazawa Terminal Development Co., Ltd Other JR West Japan LINEN Co., Ltd Sanyo SC Development Co., Ltd JR West Japan General Building Service Co., Ltd San-in Station Development Co., Ltd JR West Japan MARUNIX Co., Ltd KOBE SC DEVELOPMENT COMPANY JR West Financial Management Co., Ltd Chugoku SC Development Co., Ltd JR West Japan Transportation Service Co., Ltd Wakayama Station Building Co., Ltd West Japan Railway Golf Co., Ltd Shin-Osaka Station Store Company 6 1. West Japan Railway WelNet Co., Ltd Osaka Station Development Co., Ltd JR West Customer Relations Co., Ltd Kyoto Eki-Kanko Department Store Company Fact Sheets 213 3

4 Business JR-West Group Medium-Term Management Plan Priority Strategies Three Basic Strategies Safety: Safety Think-and-Act Plan 217 Customer satisfaction: Customer-based management Technologies: Continuous innovation + Four Business Strategies Shinkansen: Enhance Enhance the potential of the Shinkansen and promote exchange Kansai Urban Area: Improve Enhance value of railway belts and the area Other West Japan Area: Invigorate Invigorate the strengths of each area New Business Development: Develop Take on the challenge of new business fields Foundation Building Responsibilities as a Member of Society Capital Expenditure Plan (consolidated) Investment for growth 23. billion Hokuriku Shinkansen Line Establish new stations and renew stations Expand lifestyle-related service businesses FY214/3 - FY218/3 plan: 92. billion Investment needed for ongoing management of operations Barrier free, CS investment Investment for introduction of information technologies, etc. The Form of the New JR-West Group for the next era. Management Vision Contribute to the invigoration of the West Japan area through its business activities, and become a corporate group that excels in safety management and earn the trust of customers, communities, and society. Our Future Direction - The Ideal Form for JR-West Fulfill Our Mission Focus on safety and CS and technology and fulfill our mission of continued operation of railway services as social infrastructure. Contribute to the creation of a safe, comfortable society. + Become a company that coexists with local communities. Contribute to the invigoration of local communities by deepening exchange and cooperation with local communities, and by developing operations, as the entire JR-West Group, that are aligned with the characteristics of specific areas. Aim for consolidated operating revenues of 1.4 trillion in 23 Safety-related investment 47. billion Rolling stock renewal New ATC New safety system Earthquake and tsunami countermeasures, etc. Business Results and Forecasts for FY218/3 (consolidated) Results Forecasts FY213/3 FY218/3 Operating Revenues 1, ,36. Transportation Retail Real estate Other businesses Operating Income Transportation Retail (.4) 5.5 Real estate Other businesses Recurring Profit Net Income Transportation Revenues ROA 4.9% 4.7% ROE 8.3% 7.3% EBITDA Notes: Operating revenues are the revenues from third parties ( = customers) Operating income by segment is before eliminating internal transactions. For transportation revenues, Transportation comprises JR-West s railway revenues in transportation operations. Figures in brancket ( ) are negative values. Cash Earmarking and Prioritization Appropriation prioritization Cash flows from operating activities 1) Investment for safety and growth 2) Returns to shareholders 3) Debt reduction * In principle, maintain level of long-term debt and payables ( 1 trillion consolidated) However, control level in light of market interest rates. Returns to shareholders Reflecting our emphasis on providing stable shareholder returns over the long term, we will continue providing returns to shareholders based on consideration of total shareholders equity. Specifically, in light of the usage situation following the commencement of operations to Kanazawa on the Hokuriku Shinkansen Line and progress toward achievement of the targets set out in Medium-Term Management Plan 217, we will aim for a rate of total distribution on net assets* of around 3% for FY218. * Rate of total distribution on net assets (%) = (total dividends + acquisitions of treasury stock) consolidated net assets 1 Fact Sheets 213 4

5 Operating Environment Operating Area Population and Gross Production POPULATION AND GROSS PRODUCTION (Thousands of people; ) MAP OF WEST JAPAN AND POPULATION GROWTH IN KINKI AREA (Thousands of people) Population (As of March 31, 212) Gross Production (FY ended March 31, 211) Kinki Area Shiga 1,394 6,13.9 Kyoto 2,543 9,372.6 Osaka 8,68 36,384.3 Hyogo 5,572 18,346.2 Nara 1,41 3,551.8 Wakayama 1,19 3,53.4 Kinki Area Total 2,69 77,172.1 Other Service Niigata 2,365 8,66.8 Areas Nagano 2,146 8,24.1 Toyama 1,88 4,37.4 Ishikawa 1,157 4,265. Hyogo Actual Projection Change FY21 5,537 FY26 5,577 FY211 5,58 FY212 5, FY216 5, FY221 5, FY226 5, FY231 5, FY236 4, FY241 4, Yamaguchi Kyoto Actual Projection Change FY21 2,563 FY26 2,566 FY211 2,547 FY212 2, FY216 2, FY221 2, FY226 2, FY231 2, FY236 2, FY241 2, Hiroshima Shimane JR-West Okayama Shiga Actual Projection Change FY21 1,335 FY26 1,365 FY211 1,391 FY212 1, FY216 1, FY221 1, FY226 1, FY231 1, FY236 1, FY241 1, Tottori Hyogo Kyoto Shiga Fukui Ishikawa Toyama Nagano JR-Central Niigata JR-East Fukui 83 3,32.8 Mie 1,839 7,368.1 Tottori 589 1,836.2 Shimane 713 2,325.4 Fukuoka JR-Kyushu JR-Shikoku Osaka Nara Mie Okayama 1,932 7,64.7 Hiroshima 2,847 1,88. Yamaguchi 1,445 5,752.2 Fukuoka 5,49 18,41.9 Service Area Total 42, ,937.7 Reference Tokyo Area 34,914 16,1.7 Nagoya Area 11,171 46,13.9 Kyushu Area 13,23 44,82.6 Japan 126,66 495,637.7 Osaka Actual Projection Change FY21 8,629 FY26 8,664 FY211 8,682 FY212 8,68 1. FY216 8, FY221 8, FY226 8, FY231 8, FY236 7, FY241 7, FY21 1,88 FY26 1,62 FY211 1,26 FY212 1,19 1. FY FY FY FY FY FY Wakayama Wakayama Actual Projection Change Nara Actual Projection Change FY21 1,449 FY26 1,43 FY211 1,47 FY212 1,41 1. FY216 1, FY221 1, FY226 1, FY231 1, FY236 1, FY241 1, Kinki Area Total Actual Projection Change FY21 2,6 FY26 2,664 FY211 2,632 FY212 2,69 1. FY216 2, FY221 2, FY226 19, FY231 19, FY236 18, FY241 17, Note: Kinki Area: Shiga, Kyoto, Osaka, Hyogo, Nara, Wakayama Tokyo Area: Tokyo, Kanagawa, Saitama, Chiba Nagoya Area: Aichi, Gifu, Mie Kyushu Area: Fukuoka, Saga, Nagasaki, Kumamoto, Oita, Miyazaki, Kagoshima Source: Ministry of Internal Affairs and Communications, Cabinet Office Note: FY21, etc., refer to the fiscal years ending March 21, etc. Source: Actual: Directory of population, Ministry of Internal Affairs and Communications Projection: Population Projections by Prefecture (March 213), National Institute of Population and Social Security Research Fact Sheets 213 5

6 Operating Environment Demand from Inbound Travel INBOUND VISITORS TO JAPAN BY REGION China 212: 1.91 million* 216: 6.8 million South Korea 212: 2.4 million* 216: 3.6 million Europe, U.S., Other 212: 1.97 million* 216: 3. million Visting Rate by Prefecture (CY212 result) Quantity of responses: 28,875, Check all that apply Ranking Prefectures Visting rate % 1 Tokyo Osaka Kyoto Kanagawa Chiba Aichi Fukuoka Hokkaido Yamanashi Hyogo Nara Hiroshima 3.1 *Green shaded areas are JR-West's operating area. Source: Japan Tourism Agency JR-West s Shanghai Representative Office Taiwan 212: 1.47 million* 216: 2.1 million Source: Japan Tourism Agency, Japan National Tourism Organization *Figures in 212 are provisional. INBOUND VISITORS TO JAPAN Millions of people Operating Area * * Provisional figure Other Asian Countries 212:.97 million* 216: 2.5 million 18. Target 25. JR-West Group Medium-Term Management Plan 217 Objective for FY218/3 : Threefold increase in number of passengers using railway travel package for visitors from overseas Measures to capture inbound demand Major tickets JAPAN RAIL PASS ICOCA & HARUKA JR WEST RAIL PASS Kansai Area Pass/ Kansai WIDE Area Pass/ ICOCA & HARUKA Sanyo Area Pass, etc Services Develop West Japan tourism routes by corroborating with local authorities, communities, and JR-West Group as a whole. Subtitle for displays in Haruka expresses and station signages available in 4 languages (Japanese, English, Korean, Chinese) Open wireless Internet connections available for foreign visitors for free at major Shinkansen stations and major urban stations (from July 213) Fact Sheets 213 6

7 Operating Environment and Expressway Networks As of March 31, 213 Tokyo Hiroshima Travel Time Fare ( ) Frequency Shinkansen 3h 47m 18, Airlines 3h 3m 3,97 16 Tokyo Okayama Travel Time Fare ( ) Frequency Shinkansen 3h 12m 16, Airlines 3h 1m 3,27 1 Noto Niigata Tokyo Fukuoka Travel Time Fare ( ) Frequency Shinkansen 4h 5m 22, Airlines 3h m 36,87 56 (2) Travel Time and Fare: JAL or ANA Frequency: All airlines. Numbers in parentheses are frequency excluded those of JAL or ANA. Hagi Iwami Hamada Izumo Gotsu Izumo Yonago Yonago Tottori Tottori Tajima Tsuruga Komatsu Toyama Sasebo Nagasaki Nagasaki Saga Hakata Kitakyushu Fukuoka Tosu Kumamoto Yamaguchi Ube Kitakyushu Yamaguchi Oita Saiki Iwakuni Kintaikyo Hiroshima Matsuyama Hiroshima Imabari Onomichi Kochi Kurashiki Okayama Okayama Sakaide Takamatsu Naruto Tokushima Itami Suita Kobe Kobe Shin-Osaka Kansai Kansai International Maibara Chubu International Ise Nagoya Nagoya Shizuoka Haneda Tokyo Ibaraki Narita Kagoshima Kagoshima Yatsushiro Miyazaki Miyazaki Kyoto-Osaka-Kobe Metropolitan Area Kumamoto Travel Time Fare ( ) Frequency Shinkansen 2h 58m 18,32 23 Airlines 3h m 23,5 1 (1) Travel Time and Fare: JAL or ANA Frequency: All airlines. Numbers in parentheses are frequency excluded those of JAL or ANA. Kyoto-Osaka-Kobe Metropolitan Area Kagoshima Travel Time Fare ( ) Frequency Shinkansen 3h 42m 21, Airlines 3h 1m 26,8 19 (6) Travel Time and Fare: JAL or ANA Frequency: All airlines. Numbers in parentheses are frequency excluded those of JAL or ANA. Shinkansen Expressway Already constructed Under construction or at planning stage Notes 1. Travel time for the Shinkansen is the shortest on Nozomi and Mizuho trains. Travel time for the airlines is estimates. For airlines, in addition to the travel time required from the airport to the city center, the calculation includes 1 minutes travel time from the Limousine Bus or nearest station the airport to the boarding gate, 2 minutes waiting time at the boarding gate, and 1 minutes from the gate to the Limousine Bus or station nearest the airport. Nankitanabe Nanki-Shirahama Kyoto-Osaka-Kobe Metropolitan Area Fukuoka Travel Time Fare ( ) Frequency Shinkansen 2h 22m 14, Airlines (Itami ) 2h 2m 21,9 17 Airlines (Kansai Intl. ) 3h m 21,9 7 (6) Travel Time and Fare: JAL or ANA Frequency: All airlines. Numbers in parentheses are frequency excluded those of JAL or ANA. 2. Fare for the Shinkansen is the regular Nozomi fare, and for airlines the regular fare. The cost when using Haneda includes the passenger facilities usage fee for airport ( 17 for Haneda). Fact Sheets 213 7

8 Business Sanyo Shinkansen Line / Shinkansen Versus Airlines SHARE OF PASSENGER MARKETSHINKANSEN (Kyoto-Osaka-Kobe Area to Fukuoka) Years ended March (89.3) Debut of Grand Hikari (93.3) Debut of 3-Series Nozomi (95.1) The Hanshin-Awaji Earthquake (97.3) Debut of 5-Series Nozomi (.3) Debut of Hikari Rail Star (3.1) Timetable Revision: more Nozomi departures 6.7 Express Reservation Service Started (7.7) Debut of N7-Series Nozomi (11.3) Direct service operations between the Sanyo and Kyushu Shinkansen services JR (Number of passengers) Airlines (Number of passengers) JR s Market Share (right) % JR (Number of passengers) Airlines (Number of passengers) JR s Market Share (right) * Kyoto-Osaka-Kobe Area: Kyoto, Osaka, and Hyogo Prefecture SHARE OF PASSENGER MARKETSHINKANSEN VERSUS AIRLINES Years ended March 31 TOKYO OKAYAMA % TOKYO YAMAGUCHI % AICHI FUKUOKA % TOKYO HIROSHIMA % TOKYO FUKUOKA % Kyoto - Osaka - Kobe Area to Kumamoto Kyoto - Osaka - Kobe Area to Kagoshima Note: Figures for the fiscal year ended March 213 are preliminary. Each vertical graph bar represents the number of passengers using JR and the number of passengers using airlines; the bars indicate the total number of passengers using JR or using airlines compared to the base year index of 1 (the fiscal year ended March 1997). Kyoto-Osaka-Kobe area to Kumamoto and Kagoshima: the base year index of 1 (the fiscal year ended March 28) Source: Ministry of Land, Infrastructure and Transport Fact Sheets 213 8

9 Business Development of New Shinkansen Lines (Hokuriku Shinkansen Line) FIVE NEW SHINKANSEN LINES PROPOSED IN 1973 UNDER THE NATIONWIDE SHINKANSEN RAILWAY DEVELOPMENT LAW Line Lines in Operation Approved Zone for Construction Implementation Plan Tohoku (Morioka Aomori) Morioka Shin-Aomori (opened in December 21, 178km) Hokuriku (Tokyo Osaka) Takasaki Nagano (opened in October 1997, 117km) Nagano Kanazawa (228km) Kanazawa Tsuruga (125km) Hokkaido (Aomori Sapporo) Shin-Aomori Shin-Hakodate (149km) Shin-Hakodate Sapporo (211km) Kyushu (Fukuoka Kagoshima) Hakata Kagoshima-Chuo (opened in March 211, 289km) Kyushu (Fukuoka Nagasaki) PLANNING OF NEW SHINKANSEN LINES (As of March 31, 213) In Operation Planned New Shinkansen Line (Under construction) Planned New Shinkansen Line (To be determined) Takeo-Onsen Nagasaki (66km) Oshamanbe Expense Burden Central government (existing Shinkansen transfer revenues, public utilities expenses) Local governments (one-half of the central government) JR (usage fees with the upper limit to be determined by the range of expected benefits) Shin-Otaru Sapporo Shin-Hakodate JR-West JR-East Tsuruga Kanazawa Joetsu 125 km Kanazawa Myoko 169 km Hokuhoku line Hokuriku main line Kurobe Unazuki-Onsen Itoigawa Naoetsu Kanazawa Echigo-Yuzawa Takaoka Hakusan car Iiyama maintenance center Toyama Nagano Hokuriku Shinkansen Joetsu Joetsu Shinkansen Shin-Takaoka Myoko Kyoto Shin-Osaka Fukui Tsuruga Hakusan car maintenance center Nagano (scheduled to be completed by end of FY215) Kanazawa Tokyo 454 km Maibara Tsuruga Hakusan car maintenance center (scheduled to be completed by end of FY226) Takasaki Tokyo Omiya Shin-Aomori JR-West JR-West Akita Morioka Hachinohe Takeo-Onsen Isahaya Nagasaki Kagoshima- Chuo Shin- Shimonoseki Hakata Hiroshima Okayama Shin-Tosu Kumamoto Shin-Yatsushiro Shinjo Kanazawa Niigata Yamagata Hakusan car Toyama maintenance Sendai center Fukui Joetsu Myoko Nagano Fukushima Tsuruga Takasaki Shin-Osaka Nagoya *1 Hakusan car maintenance center is planned to be located from Kanazawa station to the west about 12 kilometers. *2 FY215, etc., refer to the fiscal years ending March 215, etc. Omiya Tokyo Hokuriku Shinkansen 1 Nagano Hakusan Car Maintenance Center* 1 Scheduled to be completed by end of FY Hakusan Car Maintenance Center Tsuruga Scheduled to be completed by end of FY226. Travel Time Kanazawa Kanto region Toyama Kanto region JR Present*1 After starting operations* 2 Airlines* 3 JR market share* 4 About 3h 5m About 2h 4m About 2h 5m 38.8% About 3h 1m About 2h 2m About 2h 3m 59.7% Notes 1. Using the Joetsu Shinkansen and Hakutaka limited express train 2. Average speed of 19km/h 3. Includes airport access and egress time 4. Sourse: Statistical survey of Ministry of Land, Intrastmcture and Transport (FY212/3) Fact Sheets 213 9

10 Business Kansai Urban Area (Kyoto-Osaka-Kobe Area) MAJOR LINES IN KYOTO-OSAKA-KOBE AREA TRAFFIC VOLUME Years ended March 31 Ten million passenger-kilometers Sannomiya Sannomiya Sannomiya Takarazuka Kansai Wakayama Takarazuka Wakayama Osaka Namba JR Namba Umeda Osaka Umeda Yodoyabashi Namba Tennoji Kawaramachi Kyoto Kyoto Sanjo Nara Nara JR-West Hankyu Hanshin Keihan Kintetsu Nankai 4, 3,5 3, 2,5 2, 1,5 (1) 3,311 3,369 3,369 3,435 3,481 3,439 (13) 3,416 (12) 3,377 (1) 3,317 (1) 3,314 (96) 3,17 (93) 3,81 (91) 3,1 (89) 2,946 (87) 2,893 (85) (139)(14) 2,819 2,834 2,844 (139) (142) (142) (142) 2,827 2,88 2,896 2,893 (138) 2,811 (138) 2,85 2,934 2,855 2,854 2,844 2,844 2,831 2,784 (84) 2,718 (82) 2,712 (82) 2,684 2,682 (81) (81) 2,668 (81) 2,622 (79) 2,61 2,474 2,574 2,64 2,65 (14) (14) (14) (14)(139) 2,833 2,846 2,88 (139)(14)(138) (13) (79) 2,356 1,987 2,33 2,13 2,184 (1) JR-West Private Railways in Kyoto-Osaka-Kobe Area Note: Figures in parentheses are indexed at the fiscal year ended March 1988 = 1. COMPARISON WITH 5 PRIVATE RAILWAYS IN KYOTO-OSAKA-KOBE AREA MARKET SHARE (Traffic Volume Base) Years ended March 31 Route Railway Company Distance Normal Fare Train Pass Charges Travel Time (km) ( ) (Business Commuters) Monthly Pass ( ) Six-month Pass ( ) (min.) Osaka Kyoto JR-West ,7 77,11 29 Hankyu (Umeda Kawaramachi) ,7 81,38 42 Keihan (Yodoyabashi Sanjo) ,99 8,95 52 Osaka Sannomiya JR-West ,96 57,45 2 Hankyu (Umeda Sannomiya) ,48 67,4 27 Hanshin (Umeda Sannomiya) ,48 67,4 3 Osaka Takarazuka JR-West ,76 46,87 25 Hankyu (Umeda Takarazuka) ,83 58,49 29 Tennoji Nara JR-West ,86 66,52 33 Kintetsu (Osaka Namba Kintetsu Nara) ,6 12,93 36[34] * 1 Tennoji Wakayama JR-West ,75 12,96 71[42] * 2 Nankai (Namba Wakayamashi) ,5 135,27 57[57] * 1 Tennnoji Kansai JR-West 46. 1,3 28,28 148,31 49[32] * 3 Nankai (Namba Kansai ) ,3 167,57 41[37] * 1 Note: Travel time assumes the fastest possible method in the daytime on a weekday. *1 [ ] denotes the travel time by Limited Express. Express charge (reserved seats in normal cars: 5) is required. *2 [ ] denotes the travel time by Limited Express. Express charge (reserved seats in normal cars: 1,45) is required. *3 [ ] denotes the travel time by Limited Express. Express charge (reserved seats in normal cars: 1,14) is required. % JR-West 5 Private Railways in Kyoto-Osaka-Kobe Area Other Railways Note: 5 private railways in Kyoto-Osaka-Kobe area: Hankyu, Hanshin, Keihan, Kintetsu, and Nankai Fact Sheets 213 1

11 Business Non-Transportation Operations Years ended March 31 Operating revenues by segment (Year ended March 31, 213) () Other businesses 9.9% Real estate % 9.9 Retail 18.1% Transportation 65.% Operating revenues of non-transportation operations Retail Real estate Other businesses Operating income of non-transportation operations Retail Real estate Other businesses Retail Operating revenues (Left axis) Real estate Operating revenues (Left axis) Other businesses Sales of goods and food services Operating income (Right axis) Shopping center Operating income (Right axis) Hotel Operation of stores within railway stations, including kiosk, conveniences stores in Operation of shopping centers in station buildings and Operation of hotels directly connected to main stations stations and combined convenience stores and gift shops, and restaurants surrounding areas of stations Operation of Viainn business hotels Operating revenues (Left axis) Operating income (Right axis) Department stores Operation of JR Kyoto Isetan and JR Osaka Mitsukoshi Isetan department stores Real estate lease and sale Operation of station buildings and development of commercial facility surrounding areas of stations and underneath elevated tracks Development of condominiums and urban railway belts 4.4 Figures in bracket < > are the sales of condominiums. (Revenues from third parties) (Included in Real estate lease and sale) Travel agency Nippon Travel Agency Notes: 1. Operating revenues are the revenues from third parties ( = customers). The breakdowns of operating revenues by each segment are the sums of revenues of major subsidiaries. 2. The breakdowns of operating income by each segment are the sums of incomes of major subsidiaries before eliminating internal transactions. Fact Sheets

12 Business Development of Kansai Urban Area Development of Kansai Urban Area *New station names are provisional. (As of June 213) Development of the Districts around Osaka Station Himeji piole Himeji Apr. 213 Himeji Higashi Himeji* New station Spring 216 Kakogawa Tanigawa Shin-Kobe Amagasaki Station improvement and development inside station Spring 215 Maya* New station Spring 216 Amagasaki Sannomiya Nishi-Akashi Kobe Sannomiya Station improvement Summer 213 Development inside station Spring 214 Osaka Shin-Osaka Tennoji 写真 Kyoto New Railway Musuem Spring 216 Kyobashi Oji Kyoto Yamashina Takada Kyoto SC renewal Spring 214 Takatsuki Station improvement Spring 216 JR Soujiji* New station Spring 218 Nara Kusatsu Nara Line Double track Spring 223 OPENED May 4, 211 North Gate Building Total floor space approx. 21,m 2 Height Tallest section: approx. 15m (14 28F) Shortest section: approx. 78m (B3 13F) South Gate Building Total floor space approx. 18,m 2 Height approx. 7m (B2 15F) TOTAL EXPENSE 21 billion : JR-West related facilities 関西空港 Development of Osaka Loop Line Area Shin Osaka Station improvement FY216 Development inside station Spring 215 JR Kobe Line Tennoji Mio Renewal Spring 214 Nishikujo JR Namba Osaka JR Tozai Line Tennoji Tennnoji Station improvement Summer 213 Umekita new underground station plan Morinomiya JR Kyoto Line Osaka Higashi Line Shin Osaka (northern part) Hanaten Shin-Osaka Spring 219 Kyobashi Osaka Higashi Line (southern part) Hanaten Yamatoji Line Kyuhoji Gakkentoshi Line VIERRA morinomiya March 213 Kizuri* New station Spring 218 Umekita Phase II plan (Grand Front Osaka) Planned site for new station Umekita Phase I plan (Grand Front Osaka) ALBi Umesan Koji JR Osaka Mitsukoshi Isetan Department Store Eki Marché Osaka Cetral Post Office Reconstruction plan Yodobashi Camera (Development plan) Yodobashi Camera LUCUA Osaka Station Hotel Granvia Osaka Hanshin Umeda Station Daimaru Department Store Hankyu Umeda Station Hankyu Sanbangai SC Hankyu Department Store Hanshin Department Store (Reconstruction plan) Fact Sheets

13 Data Uses of Cash Flows Capital Expenditures (Consolidated, Non-Consolidated) CAPITAL EXPENDITURES (Consolidated, Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated, Own Funds) Years ended March , , , , , Capital Expenditures (Consolidated, Own Funds) Depreciation and Amortization (Consolidated) Safety-related Other Depreciation and Amortization ,, Dividends Years ended March 31 SAFETY-RELATED INVESTMENT Yen % Introduction of New Railway Cars Earthquake and tsunami countermeasures Kuroshio limited express Derailment prevention guard Existing RC pillar Mortar Dividend per Share Payout Ratio (%) (Right axis) One common share is divided into 1 shares on July 1, 211. Divided per share have been recalculated based on the number of shares after division. 225 series commuter trains PC block Copper strand wire Seismic retrofitting for pillars supporting elevated tracks Fact Sheets

14 Data Uses of Cash Flows Long-Term Debt and Payables (Consolidated, Non-Consolidated) LONG-TERM DEBT AND PAYABLES (Consolidated) (as of March 31) LONG-TERM DEBT AND PAYABLES (Non-Consolidated) (as of March 31) % % 2, 1,5 1, , , , , , , ,2.7 1, ,81.6 1, , ,12.6 1, , 1,5 1, , , , , , , , , , ,22. 1,87.9 1, Long-Term Debt and Payables (Consolidated) Shinkansen Purchase Liability Bonds Other Average Interest Rate (Consolidated)* (right) Average Interest Rate* (right) * Average interest rate before FY ended March 1999 was calculated as follows: Average Interest Rate = [Interest Expenses + Interest on Bonds] / [(Long-term Debt and Payables at the end of the previous fiscal year + Long-term Debt and Payables at the end of the fiscal year under review) / 2] BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY Principal Balance as of March 31, 213 Interest Rate for FY ended March 213 Term Years Payment Recipient Floating Rate / Fixed % Shinkansen Purchase Liability No Floating Rate until Mar. 217 No Fixed until Mar. 217 No Fixed until Sep. 251 Total Average 5.69 Japan Railway Construction, Transport and Technology Agency Fact Sheets

15 Data Employees (Consolidated, Non-Consolidated) NUMBER OF EMPLOYEES (Non-Consolidated) NEW EMPLOYEES (Non-Consolidated) Number of people (as of April 1) Number of people (FY ended March 31) 6, 51,33 51,54 5,9 48,41 48, 47,8 46,39 48,63 48,19 47,98 47,26 4,79 5, 45,1 36,49 42,57 32,85 39,26 3,35 4, 34,56 29,61 29,95 29,59 31,21 29,62 29,87 29,9 29,85 3, 2, 1, ,4 1,2 1, ,31 1,22 1,13 1,16 1,14 1, Note: Beginning fiscal year ended March 27, a new personnel system was adopted that promoted contract employees during the year to the status of full employees. These employee figures have been included in fiscal year ended March 27 and for years thereafter. (Please note, however, that in fiscal year ending March 214, this figure applies to employees who joined the Company on April 1, 213.) The employee figures do not include medical-related employees (doctors, technicians, nurses, etc.) and specialist employees recruited mid-career. NUMBER OF EMPLOYEES AT WORK (Consolidated) Number of people (as of March 31) AGE DISTRIBUTION (Non-Consolidated) Number of people (as of April 1, 213) 5, 47,794 45,995 43,394 45,25 44,8 43,118 43,93 43,354 44,21 45,24 46,14 45,73 45,42 45,326 1, 4, 3, 2, 1, 33,56 32,117 29,875 28,688 27,581 26,525 25,83 25,465 25,466 25,824 26,443 14,138 26,75 26,778 26,889 27, ,426 8, 6, 4, 2, 2% 46 1% 2,85 2% 6,4 14% 4,4 6% 1,79 3% 84 5% 1,56 24% 7,14 17% 5, Transportation Retail Real Estate Other Businesses Non-Consolidated Fact Sheets

16 Data Management Indicators Years ended March *7 13 Consolidated Operating Income Ratio (%) Recurring Profit Ratio (%) Return on Operating Revenues (%) (.7) Return on Total Assets (ROA) (%)* Return on Equity (ROE) (%)* (2.8) Current Ratio (%) Equity Ratio (%) Debt-Equity Ratio (times)* Interest-coverage Ratio (times) EBITDA ( billions)* Earnings (Net Income) per Share (EPS) ( ) 18,948 16,454 15,593 4,12 13,699 17,819 9,966 (4,57) 12,546 15,481 22,769 2,74 23,423 29,463 23,282 28,415 28,954 27,729 12,837 18, Book-value (Net Assets) per Share(BPS) ( )* 5 121, , , , , , , ,39 174,424 26,823 25,74 22, , , ,245 33,96 322, , , ,712 3, ,85.82 Dividend per Share ( ) 5, 5, 5, 5, 5, 6, 5, 5, 5, 5, 5, 5, 6,5 6, 6, 6, 6, 7, 7, 8, 9 11 Payout Ratio (%) Dividend on Equity (DOE) (%)* Consolidated/ Non-Consolidated Ratio (Operating Revenues) (times) Consolidated/Non-Consolidated Ratio (Net Income) (times) Non-Consolidated Operating Income Ratio (%) Recurring Profit Ratio (%) Return on Operating Revenues (%) (.6) Note: Results before fiscal year ended March 1998 = Before Enterprise Tax Readjustment *1 Return on Total Assets (ROA) = Operating Income / [(Total Assets at the end of the previous fiscal year + Total Assets at the end of the fiscal year under review) / 2] *2 Return on Equity (ROE) = Net Income / [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) / 2] *3 Debt-Equity Ratio = Long-term Debt and Payables / Total Shareholders Equity *4 EBITDA = Operating Income (After Enterprise Tax Readjustment) + Depreciation Expense *5 Book-value (Net Assets) per Share (BPS) = Equity at the end of the fiscal year under review / Number of Shares at the end of the fiscal year under review *6 Dividend on Equity (DOE) = Dividend per Share / [(BPS at the end of the previous fiscal year + BPS at the end of the fiscal year under review) / 2] *7 The Company conducted a stock split on July 1, 211, at a ratio of 1 ordinary shares for each ordinary share. Fact Sheets

17 Data Consolidated Financial Data Years ended March 31 Total Assets Total Liabilities Total Shareholders Equity Minority Interests* 5 Net Assets* , , [4.9] 93 2, , [5.7] 94 2,46.5 2, [5.7] 95* 2, , [13.9] 96 2, , [14.9] 97 2,67. 2, [15.6] 98* 2, , [13.4] 99* 2, , ,561. 2, * 2, , , , , , ,41.3 1, , , , , ,41.6 1,763.8 [3.3] , ,791.9 [32.1] , ,772.2 [32.9] , ,844.2 [32.9] , ,951.1 [32.4] , ,99.4 [3.1] , ,845.5 [22.4] Operating Revenues (Revenues from third parties) Transportation Sales of goods and food services Sales of goods Real estate Other businesses Operating Income Transportation Sales of goods and food services Sales of goods Real estate Other businesses Elimination and intergroup Non-operating revenues Non-operating expenses Balance of financial expenses Interest and dividends income Interest expenses Recurring Profit Extraordinary profit (loss) Extraordinary profit Extraordinary loss Net Income (Loss) 1, , , (.) , (.2) 1.6 (.8) (13.5) , (81.8) , (1.2) (74.8) , (1.) (71.7) (.7) , (1.2) (7.4) (51.1) (9.) 1, (.8) (66.9) (3.4) , (.) (61.8) (.8) , (.7) (53.8) , (.5) (48.8) (1.1) , (.8) (45.3) , (.6) (42.3) , (.7) (39.4) (22.2) , (.7) (36.9) (3.2) , (1.) (34.9) (7.2) , (.7) (34.) (.1) , (1.) (33.6) (4.4) , (.6) (33.3) (7.9) , (2.9) (.3) (32.4) (2.2) , (.4) (.4) (3.) (4.9) Cash Flows From Operating Activities (A) Cash Flows From Investing Activities (B) Free Cash Flows (A+B) Cash Flows From Financing Activities (C) Net increase (decrease) in cash equivalents (A+B+C) Note: Figures in parentheses are negative values. *1 The Hanshin-Awaji Earthquake struck in January *2 Kyoto Station Building opened in September *3 In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC), the Company paid 44.5 billion to the Japan Railways Group Mutual Aid Association in March *4 Since the fiscal year ended March 21, the food and beverages business, which had been previously included in the Other businesses segment, has been included in the Sales of goods and food services segment in accordance with the restructuring of related subsidiaries. To describe their businesses properly, the Sales of goods segment has changed its name to the Sales of goods and food services segment. Also, two subsidiaries have been transferred to the Real estate business segment from the Sales of goods segment. *5 Minority interests was included in liabilities prior to the fiscal year ended March 1998, and are accounted for as part of net assets from the fiscal year ended March 27. All these are indicated by [ ]. *6 Shareholders Equity has been replaced by Net Assets pursuant to Japan s Companies Act, which came into force on May 1, 26. The disclosure of related figures and items has been adjusted to reflect this change. *7 : Record high figures Fact Sheets (99.2) 55.5 (66.5) (8.) (133.2) (167.1) (49.7) 13.2 (63.3) 66.8 (71.5) (4.7) 14.2 (91.6) 48.5 (67.9) (18.6) (84.9) 58. (66.4) (8.4) 164. (11.7) 62.3 (69.3) (6.8) (131.7) 56.8 (54.6) (179.2) 42.9 (55.8) (12.9) (172.6) 6.1 (1.1) (3.4) (28.7) (47.4) (246.2) (23.) (199.1) 7. (36.8) (29.1) 238. (154.7) 83.2 (85.2) (1.9)

18 Data Non-Consolidated Financial Data Years ended March * * * Total Assets 1,44.2 1, , , , ,36.5 2, , , , , ,242. 2, , , , , ,98. 2,12.1 2, , , , ,45.7 2, ,333.3 Total Liabilities 1, , ,87.6 1,96.9 2,58.4 2,46. 2,47.7 2,77.5 2,4.6 2,16.7 1, , , , ,747. 1,76.1 1, , , , ,67.5 1, , , , ,721.6 Total Shareholders Equity Total Net Assets* Operating Revenues Transportation Transportation incidentals Other operations Miscellaneous Operating Expenses Personnel costs Salary Retirement payment costs Non-personnel costs Energy costs Maintenance costs Miscellaneous costs Shinkansen fees Renta payments, etc Taxes Enterprise tax Property taxes City planning taxes Other taxes Depreciation and amortization Operating Income Non-operating revenues Non-operating expenses Recurring Profit Extraordinary profit (loss) (26.9) (11.5) (5.5) (18.9) (1.8) (3.8) (.4) (1.7).1 Extraordinary profit Extraordinary loss Net Income (Loss) (5.6) Note: Figures in parentheses are negative values. *1 The Hanshin-Awaji Earthquake struck in January *2 Accounting items pertaining to enterprise tax have changed since the fiscal year ended March 1999, due to amendments to regulations governing the presentation of financial statements in Japan enacted in October In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC), the Company paid 44.5 billion to the Japan Railways Group Mutual Aid Association in March *3 Size-based corporate tax (part of enterprise tax) has been included in Taxes since the fiscal year ended March 25. *4 Shareholders Equity has been replaced by Net Assets pursuant to Japan s Companies Act, which came into force on May 1, 26. The disclosure of related figures and items has been adjusted to reflect this change. *5 : Record high figures Fact Sheets