Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
August 8, 2024
Company Name:
Nishi-Nippon Railroad Co., Ltd.
Stock exchange listings: Tokyo and Fukuoka
Code Number:
9031
URL https://www.nishitetsu.co.jp/en/
Representative:
Koichi Hayashida, President and CEO
Contact:
Takahide Kurata, Manager, Public Relations Department(Tel.) +81-92-734-1217
Scheduled commencement date of dividend payments: Preparation of supplementary materials for financial results: Yes
Holding of financial results meeting: None(Amounts rounded down to the nearest million yen.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (from April 1, 2024, to June 30, 2024)(1) Consolidated operating results (year to date)(Percentages represent year-on-year changes.)
Profit attributable toOperating revenue
Operating income
Ordinary income
owners of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

101,634

5.0

5,919

9.4

5,823

(16.2)

3,697(60.6)

96,816(19.3)

5,411

(1.1)

6,950

14.2

9,390

139.6

Three months ended
June 30, 2024
Three months ended
June 30, 2023
(Notes) Comprehensive income

Three months ended June 30, 2024
Three months ended June 30, 2023

Net income pershare-basic
Three months ended
June 30, 2024
Three months ended
June 30, 2023

6,544 million yen [(48.2%)]
12,643 million yen [87.4%]

Net income pershare-diluted
Yen

Yen

47.03

46.94

119.12118.84(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

737,135
727,002239,677
235,839

31.6
31.5

As of June 30, 2024
As of March 31, 2024

(Reference) Shareholders’ equity Three months ended June 30, 2024
Fiscal year ended March 31, 2024

232,932 million yen
229,032 million yen

2. Dividends
Annual dividends
End of Q1
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
Fiscal year ending
March 31, 2025 (forecast)End of Q2

End of Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

-

17.50

-

22.50

40.00

17.50

-

17.50

35.00

-

(Notes) Revision of the dividend forecast most recently announced: None

3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2025 (from April 1, 2024, to March 31, 2025)(Percentages represents changes from the previous corresponding period.)
attributable to Net income per
Operating revenue Operating income Ordinary income Profit
owners of parent
share-basic
Millions of yen

First half
Full year(Notes)

210,400
451,100% Millions of yen

6.7
9.6

% Millions of yen

10,400 (3.5)
24,100 (6.9)

9,400
22,500% Millions of yen(11.0)(8.3)

Revision of the consolidated financial forecast most recently released: None

6,200
15,700%Yen(43.5)(36.5)

78.86
199.70* Notes(1) Changes in scope of consolidation during the period under review:
None(2) Adoption of special accounting treatment used in preparation of the quarterly consolidated financial statements:
None(3) Change in accounting policies or estimates and restatements
1) Change in accounting policies due to revisions of accounting: Yes
standards and other regulations
2) Change in accounting policies other than item 1) above: None3) Change in accounting estimates: None4) Restatements: None(4) Number of shares issued (common stock)1) Number of shares issued at the end of theperiod (including treasury stock)2) Number of treasury stocks at the end of theperiod3) Average number of shares outstanding
during the period (year to date)

As of June 30, 2024

79,360,186

As of March 31, 2024

79,360,186

As of June 30, 2024

931,502

As of March 31, 2024

674,852

Three months ended
June 30, 2024

78,617,295

Three months ended
June 30, 2023

78,833,350(Notes) The number of treasury stocks includes shares of the Company remaining in the board benefit trust (as of June 30, 2024:
398,585 shares; as of March 31, 2024: 410,569 shares).

**

Review of the attached quarterly consolidated financial statements by a certified public : Noneaccountant or auditing firm
Explanation of appropriate use of financial forecasts and other special notes
Any statements on the future such as financial outlooks included in this material are based on information the
Company presently has and certain assumptions the Company considers reasonable, and the Company does notintend to be committed to their realization. In addition, actual financial results may differ significantly due tovarious factors. For assumptions for financial forecasts and points to consider in utilizing them, please see “(3)Explanation of future forecast information such as consolidated financial forecasts” in “1. Overview of Results ofOperations, Etc.” on page 6 of the attachments.

○ Table of Contents of Attachments
1.

Overview of Results of Operations, Etc........................................................................................................................ 2(1) Results of quarterly operations under review ............................................................................................................ 2(2) Overview of quarterly financial position under review ............................................................................................. 6(3) Explanation of future forecast information such as consolidated financial forecasts ................................................ 6
2. Quarterly Consolidated Financial Statements and Key Notes ...................................................................................... 7(1) Quarterly consolidated balance sheet ........................................................................................................................ 7(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income ........ 9(3) Notes to quarterly consolidated financial statements............................................................................................... 11(Notes to assumptions on going concern) ................................................................................................................... 11(Notes if there is a significant change in the amount of shareholders’ equity)............................................................ 11(Change in accounting policies) .................................................................................................................................. 11(Notes to segment information, etc.) ........................................................................................................................... 12(Notes to quarterly consolidated statement of cash flows).......................................................................................... 13

1

1. Overview of Results of Operations, Etc.
(1) Results of quarterly operations under review(Millions of yen)Three months
ended June 30,
2023

Three months
ended June 30,
2024

Operating revenue

96,816

101,634

4,817

5.0%

Operating income

5,411

5,919

507

9.4%

Ordinary income

6,950

5,823

(1,126)(16.2%)

Profit attributable toowners of parent

9,390

3,697

(5,693)(60.6%)

ChangePercentage change

Operating revenue for the three-month period under review was 101,634 million yen, up 5.0% year-on-year. This wasdue to an increase in the number of condominiums sold in the Housing business of Real Estate and higher unit prices ofguest rooms in the Hotel business of Leisure and Services, despite lower sales prices, which had remained high, in the
Global Logistics business of Logistics. Accordingly, operating income came to 5,919 million yen, up 9.4% year-on-year.
Ordinary income was 5,823 million yen, down 16.2% year-on-year, due partly to a decrease in share of profit of entities
accounted for using equity method.
Profit attributable to owners of parent was 3,697 million yen, down 60.6% year-on-year, partly due to a decrease in gainon sale of non-current assets.
The Company’s business performance by segment is as follows.
(Millions of yen)
Operating revenue
Operating income (loss)
Three
Three
Three
Three
monthsmonthsPercentage
monthsmonthsChangeChange Percentage
ended June ended Junechangeended June ended Junechange30, 2023
30, 2024
30, 2023
30, 2024
Transportation
18,76520,035
1,270
6.8%
916
1,369
452
49.4%
Real Estate

14,431

19,455

5,024

34.8%

1,647

2,582

935

56.8%

Retail17,065

17,141

76

0.4%

77

(37)

(115)

-

Logistics

36,23332,809(3,423)(9.4%)

2,075

590(1,484)(71.5%)

Leisure and Services

9,796

11,884

2,087

21.3%

786

1,302

516

65.6%

Subtotal

96,292

101,327

5,034

5.2%

5,503

5,807

303

5.5%

Others

6,500

6,496

(4)

(0.1%)

141

221

80

56.6%

Adjustments(5,976)(6,189)

(213)

-

(233)

(109)

123

-

Consolidated

96,816

101,634

4,817

5.0%

5,411

5,919

507

9.4%

2

1) Transportation
In the Bus business, revenue increased mainly due to the fare revision (implemented in January 2024). In the Railway
business, revenues increased mainly due to a recovery in passenger volume. As a result, operating revenue for theTransportation business was 20,035 million yen (6.8% increase year-on-year), and operating income posted 1,369
million yen (49.4% increase year-on-year).
The number of passengers increased 4.3% year-on-year in the Railway business, but fell 1.1% in the Bus (public
buses) business.
2) Real Estate
In the Housing business, revenue grew due to an increase in the number of condominium units sold (including thenumber of rental condominium units sold as one building). In the Leasing business, revenue was up mainly due to anincrease in lease revenue from hotel facilities (inter-segment transactions). As a result, operating revenue for the Real
Estate business was 19,455 million yen (34.8% increase year-on-year), and operating income posted 2,582 million yen(56.8% increase year-on-year).
The number of units sold was 197 (up 121 units year-on-year).
3) RetailIn the Supermarkets/liquor stores business, sales declined mainly due to the closure of some stores for remodelingand the impact of competing stores. On the other hand, in the Sales of miscellaneous everyday items business, sales
increased mainly due to the opening of “AEON MALL Nogata” in April 2024. As a result, operating revenues for the
Retail business were 17,141 million yen (0.4% increase year-on-year). Operating loss amounted to 37 million yen(operating income of 77 million yen for the same period of the previous year), due in part to higher personnel expenses
and store remodeling costs in the Supermarkets/liquor stores business.
4) Logistics
In the Global Logistics business, revenues declined mainly due to lower sales prices, which had remained high,despite a recovery in cargo movement in some areas. As a result, operating revenue for the Logistics business was
32,809 million yen (9.4% decrease year-on-year), and operating income came to 590 million yen (71.5% decrease yearon-year).
International cargo volume grew 0.2% year-on-year in Air exports, decreased 4.9% year-on-year in Air imports, wasup 11.1% year-on-year in Ocean exports, and increased 9.0% year-on-year in Ocean imports.
5) Leisure and Services
In the Hotel business, sales increased mainly due to the rise in the average daily rate (ADR) and the contribution ofSolaria Nishitetsu Hotel Taipei Ximen, which opened in the previous fiscal year (August 2023). As a result, operating
revenue for the Leisure and Services business was 11,884 million yen (21.3% increase year-on-year), and operating
income amounted to 1,302 million yen (65.6 increase year-on-year).
6) Others
Operating revenue for Others was 6,496 million yen (0.1% decrease year-on-year) mainly due to a decrease in net
sales of completed construction contracts in Construction related business, despite an increase in orders received forvehicle maintenance-related businesses. Operating income was 221 million yen (56.6% increase year-on-year) mainly
due to higher gross income for the vehicle maintenance-related businesses.

3

(Statement of Income by Segment)(Millions of yen)
Operating revenue
Three months Three months
ended June 30, ended June 30,
2023
2024

Operating income (loss)
Three months Three months
Percentage
ended June 30, ended June 30,change (%)
2023
2024

ChangeChangePercentagechange (%)

Transportation

18,76520,035

1,270

6.8

916

1,369

452

49.4

Railway

5,344

5,567

223

4.2

901

808

(93)

(10.3)

12,781

13,827

1,045

8.2

140

694

553

394.6

[11,947][12,962][1,015]

[8.5]

-

-

-

-

Other

2,532

2,769

236

9.3

(101)

(108)

(6)

-

Adjustments(1,893)(2,128)

(235)

(23)

(25)

(1)

-

Real Estate

14,431

19,455

5,024

34.8

1,647

2,582

935

56.8

Leasing

7,516

7,729

213

2.8

1,676

1,806

130

7.8

Housing

4,804

8,987

4,182

87.1

(55)

753

808

-

Other

3,050

3,700

649

21.3

98

71

(27)

(27.6)

Adjustments

(939)

(961)

(21)

(72)

(48)

23

-

17,065

17,141

76

0.4

77

(37)

(115)

-

Supermarkets/liquor stores

15,77915,761

(17)

(0.1)

64

(38)

(102)

-

Sales of miscellaneous everyday items

1,285

1,379

94

7.3

35

38

3

(0)

(0)

-

-

(21)

(38)

(16)

-

36,23332,809(3,423)

(9.4)

2,075

590

(1,484)(71.5)

Global logistics

38,02434,285(3,739)

(9.8)

2,082

600

(1,481)(71.1)

Domestic logistics

2,587

2,712

125

4.8

42

50

7

16.5

Adjustments(4,379)(4,188)

190

(50)

(60)

(9)

9,796

11,884

2,087

21.3

786

1,302

516

65.6

Hotel

5,570

7,430

1,860

33.4

320

984

664

207.4

Travel

640

719

78

12.3

68

64

(3)

(5.3)

Facility outline

1,186

1,225

38

3.2

318

288

(30)

(9.5)

Other

2,682

2,807

125

4.7

104

(5)

(110)

-

Adjustments

(283)

(299)

(15)

(25)

(29)

(3)

-

96,292

101,327

5,034

5.2

5,503

5,807

303

5.5

Others

6,500

6,496

(4)

(0.1)

141

221

80

56.6

Adjustments(5,976)(6,189)

(213)

-

(233)

(109)

123

Consolidated

96,816

101,634

4,817

5,411

5,919

507

Bus
*

(Bus, net)

RetailAdjustments
Logistics

Leisure and Services

Subtotal

-

-

-

-

5.0

* Operating revenues for the Bus business, excluding intercompany transactions, increased 8.5%.

4

9.4

-

9.4

(Transaction volume)1) Number of railway passengers / passenger revenue (Transportation)
Three months ended Three months ended
June 30, 2023
June 30, 2024
ThousandNumber of passengers passengers
25,91027,016Unit

Non-commuter
CommuterThousandpassengers
Thousandpassengers

ChangePercentage change (%)

1,106

4.3

10,831

11,368537

5.0

15,07915,648569

3.8

Passenger revenue

Millions of yen

5,107

5,332

225

4.4

Non-commuter

Millions of yen

3,073

3,215

141

4.6

CommuterMillions of yen

2,033

2,117

83

4.1

2) Number of public bus passengers / passenger revenue (Transportation)
Three months ended Three months ended
June 30, 2023
June 30, 2024
ThousandNumber of passengers passengers
53,61653,030Unit

Non-commuter
CommuterThousandpassengers
Thousandpassengers

ChangePercentage change (%)

(586)

(1.1)

30,661

29,708

(953)

(3.1)

22,95523,322367

1.6

Passenger revenue

Millions of yen

10,517

11,388871

8.3

Non-commuter

Millions of yen

7,790

8,419

628

8.1

CommuterMillions of yen

2,726

2,969

242

8.9

3) Number of units sold (Real Estate)
Unit

Three months ended Three months ended
June 30, 2023
June 30, 2024
76
197

Percentage change (%)

121

159.2

167

115

221.2

23

25

2

8.7

1

5

4

400.0

Number of units sold

Unit

Condominium *Dwelling unit

52

Detached house

Unit
Dwelling unit

Renovation

Change*Including the number of rental condominium units sold as one building.
4) Transaction volume of international cargo (Logistics)
Unit

Three months ended Three months ended
June 30, 2023
June 30, 2024

ChangePercentage change (%)

Air Export

Thousand tons

24

24

0

0.2

Air ImportThousand cases

81

77

(4)

(4.9)

Ocean Export

Thousand TEU

22

25

2

11.1

Ocean ImportThousand TEU

32

35

2

9.0

5) Average daily rate (ADR) of hotels targeting mainly domestic customers, occupancy rate (OCC) and revenue per available
room (Rev PAR) (Leisure and Services)
Three months ended Three months ended
Percentage change (%)
ChangeUnit
June 30, 2023
June 30, 2024
10,677 [10,677]

12,693 [12,693]

ADR

Yen

OCC

%

76.2

[76.2]

77.8

Rev PAR

Yen

8,137

[8,137]

9,880

2,016

[2,016]18.9[77.8]

1.6P[1.6P]-[9,880]1,743[1,743]21.4[18.9][21.4]

Note: Figures in brackets are for existing hotels. Hotels operating in both previous and current fiscal years are in the scope.

5(2) Overview of quarterly financial position under review(Millions of yen)
As of March 31, 2024

As of June 30, 2024

ChangeTotal Assets

727,002737,135

10,132

Total Liabilities

491,163497,457

6,294

Total net assets

235,839

239,6773,838Interest-bearing debt

316,838

332,261

15,422(Notes) Interest-bearing debt is the sum of borrowings and bonds payable.
Assets rose 10,132 million yen from the end of the previous fiscal year to 737,135 million yen mainly due to anincrease in property, plant and equipment, and cash and deposits while notes and accounts receivable - trade, andcontract assets decreased.
Liabilities rose 6,294 million yen from the end of the previous fiscal year to 497,457 million yen mainly due to anincrease in interest-bearing debt, while notes and accounts payable - trade decreased.
Net assets grew 3,838 million yen from the end of the previous fiscal year to 239,677 million yen mainly due to anincrease in retained earnings mainly owing to an increase in foreign currency translation adjustment and the postingof profit attributable to owners of parent.
(3) Explanation of future forecast information such as consolidated financial forecasts
The consolidated financial forecasts for the first half and the full year remain unchanged from those previously
announced on May 10, 2024.
* The forecasts have been prepared based on information available to the Company as of the date of announcement,
and actual results may differ from the forecasts due to various factors in the future.

6

2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, andcontract assets
Land and buildings for sale
Merchandise and finished goods
Work in process
Raw materials and supplies
OthersAllowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
OthersTotal intangible assets
Investments and other assets
Investment securities
Retirement benefit assets
Deferred tax assets
OthersAllowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total Assets

7

As of June 30, 2024

69,62472,93049,123

41,19567,085
3,970
258
2,225
16,726(237)
208,778

68,277
4,203
505
2,431
18,848(227)
208,164

192,162
14,565
141,769
56,087
11,503416,088

190,517
13,781
143,157
66,525
11,257425,240

305
3,663
3,968

315
3,618
3,934

68,547
4,137
2,162
23,623(304)
98,167518,224
727,00269,424
4,162
2,337
24,174(302)
99,796528,971
737,135

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Consumption taxes payable
Income taxes payable
Advances received
Provision for bonuses
Other provisions
OthersTotal current liabilities
Long-term liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities
Other provisions
Retirement benefit liability
Long-term guarantee deposits
OthersTotal long-term liabilities
Total Liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeSubscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

8

As of June 30, 2024

65,01847,161
10,000
4,872
5,955
2,424
7,088
387
27,925
170,833

55,51247,255
3,161
3,154
2,760
10,829312
29,496
152,481

145,000
114,677
3,993
656
16,84331,0508,108
320,329
491,163

175,000
110,006
3,231
657
16,824
31,456
7,799
344,976
497,457

26,157
12,137
164,941(1,576)201,659

26,157
12,137
166,858(2,215)
202,936

14,59815,004

96
9,029
3,648

350
11,106
3,534

27,37329,996263
6,542
235,839
727,002260
6,484
239,677
737,135

(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income
Quarterly consolidated statement of income(Three-month period)(Millions of yen)Three months ended
June 30, 2023
Operating revenue
Operating expenses
Operating expenses and cost of sales oftransportation
Selling, general and administrative expenses
Total operating expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using
equity method
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using
equity method
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary gains
Gain on sales of fixed assets
Advances received on construction contracts
Contribution for construction
Total extraordinary income
Extraordinary losses
Loss on reduction of non-current assets for tax
purposes
OthersTotal extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

9

Three months ended
June 30, 2024

96,816

101,634

84,222

88,1597,182
91,404
5,411

7,555
95,714
5,919

88
444

162
524

1,302

-

436
2,272

278
965

559

610

-

192

174
733
6,950

258
1,060
5,823

6,627
3
23
6,654

314
314

27

303

2
30
13,575
2,223
1,660
3,883
9,691
300
9,390

0
303
5,834
3,027
(1,056)
1,971
3,863
166
3,697

Quarterly consolidated statement of comprehensive income(Three-month period)(Millions of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Components)
Comprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

10

Three months ended
June 30, 2024

9,691

3,863

1,891

405

12
519

2
1,282

9

(113)

518

1,103

2,951
12,643

2,680
6,544

12,290

6,320

352

224

(3) Notes to quarterly consolidated financial statements(Notes to assumptions on going concern)
Not applicable.
(Notes if there is a significant change in the amount of shareholders’ equity)
Not applicable.
(Change in accounting policies)(Application of the “Accounting Standard for Current Income Taxes,” etc.)
The “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27 on October 28, 2022;
hereinafter referred to as the “Revised 2022 Accounting Standard”) has been applied since the beginning of the firstquarter of the current fiscal year.
With respect to the revision regarding the classification of income taxes (taxation on other comprehensive income),
the transitional treatment stipulated in the proviso of paragraph 20-3 of the Revised 2022 Accounting Standard andthe transitional treatment stipulated in the proviso of paragraph 65-2(2) of the “Guidance on Accounting Standard
for Tax Effect Accounting” (ASBJ Guidance No. 28 on October 28, 2022; hereinafter referred to as the “Revised
2022 Guidance”) are followed. This change in accounting policy has no impact on the quarterly consolidated
financial statements.
In addition, for the revision related to the change in the treatment of loss (gain) on sale of equity securities ofsubsidiaries between consolidated companies that is deferred for tax purposes in the consolidated financial
statements the Revised 2022 Guidance has been applied since the beginning of the first quarter of the current fiscal
year. This change in accounting policy has no impact on the consolidated financial statements for the previous fiscal
year.

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(Notes to segment information, etc.)
Three-month period in the previous fiscal year (from April 1, 2023, to June 30, 2023)
1. Information on operating revenue, income or loss by reporting segment(Millions of yen)Amount posted
to the quarterly

Reportable segment

Others Adjustments
consolidated(Note) 1(Note) 2

TransportationReal
EstateRetailLogistics

Leisure andServices

Total

Operating revenue

18,765

14,431

17,06536,233

9,796

96,292

6,500(5,976)

96,816

Segment income

916

1,647

77

2,075

786

5,503

141

(233)

5,411

(Notes)statement ofincome1. “Other” consists of business segments that are not included in any of the reportable segments and includes
the IC card business, the Vehicle Maintenance-related business, the Construction-related business, and theMetal Recycling business.
2. An adjustment of (233) million yen in segment income is the net of (299) million yen administrative
expenses of parent company that are not attributable to the reporting segments and 66 million yen of
elimination of intersegment transactions.

Three-month period under review (from April 1, 2024, to June 30, 2024)
1. Information on operating revenue, income or loss by reporting segment(Millions of yen)
Reportable segment
TransportationReal
EstateRetailLogistics

Operating revenue

20,035

19,455

17,14132,809Segment income (loss)

1,369

2,582

(37)

590

(Notes)

Leisure andServices

Total

11,884 101,327
1,302

5,807

Others(Note) 1

Amount posted
to the quarterly
Adjustments
consolidated(Note) 2
statement ofincome6,496(6,189)101,634

221

(109)

5,919

1. “Other” consists of business segments that are not included in any of the reportable segments and includes
the IC card business, the Vehicle Maintenance-related business, the Construction-related business, and theMetal Recycling business.
2. An adjustment of (109) million yen in segment income (loss) is the net of (242) million yen administrative
expenses of parent company that are not attributable to the reporting segments and 132 million yen of
elimination of intersegment transactions.

12(Notes to quarterly consolidated statement of cash flows)
Quarterly consolidated statement of cash flows has not been prepared for the first quarter of the current fiscal year.
Depreciation (including amortization of intangible assets excluding goodwill) and amortization of goodwill for the
first quarter of the current fiscal year are as follows.
Three months ended
Three months ended
June 30, 2023
June 30, 2024
Depreciation
4,279 million yen
4,523 million yen
Amortization of goodwill
8 million yen
10 million yen

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