Balance Sheet(As of March 31, 2024)(Million yen)
Item(Assets)
Current assets
Cash and deposits
Trade accounts receivable
Accounts receivable
Merchandise
Short-term loans receivable
Current portion of long-termloans receivable
Prepaid expenses
Other

Non-current assets
Property, plant and equipment
Buildings

Amount99,8342,530
24,422615
40
68,5062,584

Item(Liabilities)
Current liabilities
Accounts payable - otherAccrued expenses
Accrued consumption taxes
Income taxes payable
Unearned revenue
Deposits received fromcustomers

24,901905134

227Provision for bonuses

533

Provision for sales promotion
expenses

62

Other

417

78,63037,56232,429400

Machinery and equipment

123

Furniture and fixtures
Land
Construction in progress

572
2,313
1,721

Non-current liabilities
Guarantee deposits andleasehold deposits received
Provision for retirement
benefits
Asset retirement obligations
Other

Total liabilities

Investments and other assets
Investment securities
Shares of subsidiaries andassociates
Long-term prepaid expenses
Guarantee deposits andleasehold deposits
Long-term loans receivable
Deferred tax assets
OtherAllowance for doubtful
accounts

37,390
8,013
148
697
2,198
283

Current portion of guarantee
deposits and leasehold deposits
received

Structures

Intangible assets
Software
Other

Amount697
666
31
40,370
1,124
1,892
147
4,424
26,7386,456
32(445)

20,45017,036
1,894
1,466
52

57,841(Net assets)
Shareholders’ equity
Share capital

120,153
2,375

Capital surplus
Legal capital surplus

5,964
5,964

Retained earnings

111,813

Legal retained earnings
Other retained earnings
General reserve
Retained earnings
brought forward

596
111,217108,2222,995

471
Valuation difference on
available-for-sale securities

Total assets

178,465

Total net assets
Total liabilities and net assets

471
120,624
178,465

Statement of Income(From April 1, 2023, to March 31, 2024)(Million yen)
Item

AmountNet sales
Real estate lease revenue

71,172

Net sales of directly managed businesses

1,393

72,566

Cost of sales
305

Cost of sales of directly managed businesses

72,261Gross profit

59,886

Selling, general and administrative expenses

12,374

Operating profit
Non-operating income
Interest income

401

Dividend income

22

Other non-operating income146571

Non-operating expenses
Foreign exchange losses

21

Other non-operating expenses

65

86
12,859Ordinary profit
Extraordinary income
Gain on sales of investment securities

280

Early cancellation fees received
Other extraordinary income

20
33

334

Extraordinary losses
Impairment loss
Loss on retirement of non-current assets

8,058
361

Removal expenses for non-current assets

623

Other extraordinary losse

167

Profit before income taxes

3,982

Income taxes - current

2,764

Income taxes - deferred(1,627)

Profit9,211

1,1362,846

Notes to the Non-consolidated Financial Statements
1. Notes on Significant Accounting Policies
1. Valuation Standards and Methods for Assets(1) Valuation standards and methods for securities
Stocks of subsidiaries and affiliates
Stated at cost based on the moving average method.
Other securities•Securities other than shares, etc. without market priceStated at fair market value based on the market price, etc. at the end of the fiscal year (all valuationdifferences are directly charged or credited to net assets and the costs of securities sold are calculated•Shares, etc. without market priceStated at cost based on the moving average method.
(2) Valuation standards and methods for inventories
MerchandiseStated at cost based on the specific identification method (the balance sheet value is calculated by reducing
the book value based on declines in profitability).
2. Depreciation and Amortization Methods for Non-current Assets(1) Property, plant and equipment (excluding leased assets)
Depreciation is computed by the declining-balance method.
Useful lives and residual values are calculated using the same standards as those prescribed in theCorporation Tax Act.
(2) Intangible assets
Amortization is computed by the straight-line method.
Useful lives are calculated using the same standards as those prescribed in the Corporation Tax Act.
However, software (for internal use) is amortized using the straight-line method based on the period during
which it can be used internally (5 years).
(3) Leased assets
Leased assets related to finance lease transactions without transfer of ownership
The straight-line method is used with the lease period as the useful life and the residual value as zero.
(4) Long-term prepaid expensesAmortization is principally computed by the declining-balance method.
The amortization period is based on the same standards as those prescribed in the Corporation Tax Act.
3. Standards for Recording Provisions(1) Allowance for doubtful accounts
To provide for losses on bad debts, an allowance for doubtful accounts is provided by recording estimatedunrecoverable amounts based on the historical bad debt ratio for general receivables and examination of thecollectability of individual receivables for specific receivables such as doubtful and distressed receivables.
(2) Provision for bonuses
To provide for the payment of bonuses to employees, a provision for bonuses is recorded based on theestimated amount of payment.

(3) Provision for sales promotion expenses
To provide for future expenditures related to the utilization of “ONE LUMINE Shopping Ticket,” theamount expected to be utilized in the future is recorded based on the historical utilization rate.
(4)

Provision for retirement benefits
1) Method of attribution of projected retirement benefits to period
In calculating retirement benefit obligations, the benefit formula standard is used to attribute the estimatedamount of retirement benefits to the period up to the end of the current fiscal year.
2) Amortization of actuarial gains and losses and prior service cost
Prior service cost is amortized on a straight-line basis over a fixed number of years (10) within the averageremaining service period of employees at the time of occurrence.
Actuarial gains and losses are amortized by the straight-line method over a fixed number of years (10) within
the average remaining service period of employees at the time of recognition in each fiscal year, andallocated proportionately from the fiscal year following the respective fiscal year of occurrence.

4. Standards for Recording Revenues and Expenses
The Company engages in real estate leasing and directly managed businesses. Revenues from thesebusinesses are mainly recorded in accordance with contracts with customers, and transaction prices arecalculated based on the consideration of contracts with customers. However, in the case of businesses inwhich the Company conducts transactions as an agent, revenues are calculated using the net amountobtained by deducting the amount actually paid to other business operators that provide goods and servicesfrom the consideration received from customers for the transaction price.
Revenues from real estate leasing are mainly from the management and operation of stores, etc. in the formof commercial station buildings and are recorded over the lease term in accordance with accounting
standards for lease transactions.
Revenues from the Company’s directly managed businesses are generated through sales of products andrestaurants, and the Company bears the performance obligation to deliver products and provide services tocustomers. This performance obligation is met at the time of delivery of goods and provision of services.
However, with respect to sales of products via the Internet, revenue is recognized at the time of productshipment based on Paragraph 98 of the Guidance on Accounting Standard for Revenue Recognition, because
the transactions are sales in Japan, and the period from the time of shipment to the time when control of theproduct is transferred to the customer is the ordinary period.

5. Standards for Translation of Assets and Liabilities Denominated in Foreign Currencies into Japanese Currency
Monetary claims and obligations denominated in foreign currencies are translated into Japanese yen at thespot exchange rate prevailing on the balance sheet date, and any translation differences are charged orcredited to income.

2. Notes to the Balance Sheet(1) Accumulated depreciation of property, plant and equipment

132,979 million yen(2) Future lease payments on non-cancelable operating lease transactions(As lessee)
Within one year
Over one year
Total

2,145 millionyen
12,775 millionyen
14,920 millionyen(3) Monetary claims against and obligations to subsidiaries and associates
Short-term monetary claims
Short-term monetary obligations
Long-term monetary claims
Allowance for doubtful accounts695 million yen
727 million yen
794 million yen
445 million yen

3. Notes to Tax Effect Accounting
The main reasons for the occurrence of deferred tax assets are impairment losses and overdepreciation. The main
reason for the occurrence of deferred tax liabilities is denial of non-current asset retirement expenses, etc.
The valuation allowance deducted from deferred tax assets is 638 million yen.
4. Notes on Transactions with Related Parties(1) Parent company and major corporate shareholders, etc.
(Million yen)

Type種類Parentcompany

親会社

Percentageof voting
Relationship with therights, etc.
関連当事者との関係
related party
held of (orby) the
related party
Directly
被所有 Concurrent appointment
East Japan
役員の兼任、駅ビル
owns
東日本旅客鉄道㈱Railwayof officers, lease of land
95.1直接% of the
用地等の貸借Companyforstationbuildings, etc.
95.1%
company

Name of
会社の名称
company

Nature of the
取引の内容
transaction

Payment of
土地・
建物のlease
fees
forand
賃land
借料の支払
buildings

Transaction
取引金額
amountItem
科目

Balance as ofMarch
31,
期末残高
2024

Accounts

79

9,762 payable
未払金- other(2) Affiliated companies, etc.
(Million yen)
TypeName ofcompany

Percentage ofvoting rights, etc.
held of (or by) therelated party

Subsidiaryof theparent
company

Viewcard Co.,
Ltd.

None

Subsidiary
JR Eastof theMarketing &parentCommunications,company
Inc.
Subsidiaryof theJR East Building
parentCo., Ltd.
company
Subsidiary
JR East Facilityof theManagement Co.,
parentLtd.
company

Relationshipwith therelated party
Merchant
agreement

Nature of thetransaction

Transaction
amount

Item

Trade

Transfer of credit
card receivables

155,697 accounts

Payment ofcommission fees
Subcontracti for planning andng agreement production ofadvertising andsales promotions

2,663 payable -None

Lease
Payment of leaseagreements fees for buildings

Prepaid
expenses
5,885
Leaseholddeposits

None

Payment ofLease commission fees
agreements for managementof buildings

3,164 payable -None

Balance asof March
31, 2024

8,393

receivable

Accounts

453

other453
2,042

Accounts

323

other

Transaction conditions and policy for determining transaction conditions, etc.
(Note 1)The transfer of credit card receivables is determined after price negotiations, taking into consideration theprevailing market conditions.
(Note 2)Terms and conditions related to commission fees are determined after price negotiations, taking intoconsideration the prevailing market conditions.
(Note 3)Terms and conditions related to lease fees are determined after price negotiations, taking into consideration
the prevailing market conditions.

5. Notes to Per Share Information(1) Net assets per share(2) Profit per share

1,713.95 yen
40.44 yen