July 30, 2021(Translation)
Company name: West Japan Railway Company
President: Kazuaki Hasegawa
Code number: 9021 Stock listing: Tokyo Stock Exchange, First Section
For further information, please contact: Yuichi Kozawa,
General Manager, Corporate Communications Department
Telephone: +81-6-6375-8889

Notice Regarding Revision of Full-Year Results Forecasts for
the Fiscal Year Ending March 31, 2022
The full-year results forecasts for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31,2022), which were released on April 30, 2021, have been revised as follows.
1. Revision of full-year results forecasts(1) Revision of full-year consolidated results forecasts for the fiscal year ending March 31, 2022
(April 1, 2021, to March 31, 2022)

Previous forecast (A)Revised forecast (B)Change (B-A)
Percent change (%)

OperatingOperatingRecurring

revenues

incomeprofitProfitattributable toownersofparentProfitattributable toownersofparentpershareYen

Millions ofMillions ofMillions ofMillions ofyenyenyenyen1,257,500

12,000(5,000)

3,000

15.69

1,052,000 to
1,089,000(205,500) to(168,500)(16.3) to(13.4)(129,000) to(94,000)(141,000) to(106,000)(141,500) to(106,500)(136,500) to(101,500)(116,500) to(81,500)(119,500) to(84,500)(609.29) to(426.24)(624.98) to(441.93)

―

―

―

―

920,046(245,507)(257,330)(233,188)(1,219.57)(Reference) Previous period results(FY ended March 31, 2021)(Note) In the table, parentheses are used to indicate negative numbers.

１(2) Revision of full-year non-consolidated results forecasts for the fiscal year ending March 31, 2022
(April 1, 2021, to March 31, 2022)

Previous forecast (A)Revised forecast (B)Change (B-A)
Percent change (%)

OperatingOperatingRecurring

revenues

incomeprofit

Net income

Net income

per share

Millions ofMillions ofMillions ofMillions ofYenyenyenyenyen

736,500

3,000(14,000)

2,500

13.07

589,000 to
622,000(147,500) to(114,500)(20.0) to(15.5)(134,000) to(101,000)(137,000) to(104,000)(148,500) to(115,500)(134,500) to(101,500)(117,000) to(84,000)(119,500) to(86,500)(611.50) to(439.02)(624.57) to(452.09)――――

506,840(233,828)(250,779)(217,324)(1,135.84)(Reference) Previous period results(FY ended March 31, 2021)

Notes
1. In the table, parentheses are used to indicate negative numbers.
2. The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ
Statement No. 29, March 31, 2020) from the beginning of the first quarter of the subject fiscal
year. The figures for the first quarter of the fiscal year ended March 31, 2021, are the figures
after the retroactive application of this standard.

2. Reasons for the revisions
The full-year results forecasts were released on April 30, 2021. At that point, the timing of theresolution of the novel coronavirus infection was unclear, but with certain assumptions, arecovery in earnings was forecast. The results forecasts were calculated based on the assumptionof further cost reductions. However, the Company anticipates a substantial decline intransportation revenues due to the lengthening of the influence of the novel coronavirus infection.
Accordingly, the Company anticipates levels of operating revenues, operating income, recurring
profit, and profit attributable to owners of parent that are lower than those expected at thebeginning of the fiscal year. As a result, the Compay has made downward revisions to the results
forecasts.
The timing of the recovery from the effect of the novel coronvavirus will depend to a significant
extent on the progress of vaccination, etc., and is not yet understood. A certain range is assumed,
and therefore the disclosure provides a range of figures.

Note: Forecasts are based on certain assumptions considered reasonable at the time of thisannouncement, and are subject to change.

End２