September 16, 2020(Translation)
Company name: West Japan Railway Company
President: Kazuaki Hasegawa(Code number: 9021, Tokyo Stock Exchange, Nagoya and Fukuoka Stock Exchanges)
For further information, please contact: Jun Fukushima,General Manager, Corporate Communications Department
Telephone: +81-6-6375-8889

Notice Regarding Revision of Full-Year Results Forecasts and Dividend Forecasts for the Fiscal
Year Ending March 31, 2021

In the Company’s Flash Report [Japanese GAAP] (Consolidated Basis) for the fiscal year ended March31, 2020, released on April 30, 2020, the full-year results forecasts and dividend forecasts for the fiscalyear ending March 31, 2021 (April 1, 2020, to March 31, 2021), had not yet been determined. Those
forecasts are as follows.

1. Revision of full-year results forecasts(1) Revision of full-year consolidated results forecasts for the fiscal year ending March 31, 2021
(April 1, 2020, to March 31, 2021)
Operatingrevenues

OperatingincomeRecurringprofitProfitattributable toowners ofparentProfitattributable toowners ofparent per
share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Previous forecast (A)—————Revised forecast (B)920,000(290,000)(305,000)(240,000)(1,255.20)

Change (B-A)

―

―

―

―

―

Percent change (%)

―

―

―

―

―

1,508,201

160,628

148,353

89,380466.88(Reference) Previous period results(FY ended March 31, 2020)1

(2) Revision of full-year non-consolidated results forecasts for the fiscal year ending March 31, 2021
(April 1, 2020, to March 31, 2021)
Operatingrevenues

OperatingincomeRecurringprofit

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Previous forecast (A)

————

—

Revised forecast (B)530,000(260,000)(275,000)(195,000)(1,019.16)

Change (B-A)

―

―

―

―

―

Percent change (%)

―

―

―

―

―

961,905

119,738

106,953

73,596384.17(Reference) Previous period results(FY ended March 31, 2020)

Net incomeper share(3) Reasons for the revisions
The results forecasts for the fiscal year ending March 31, 2021, had previously been undetermined
as a result of the difficulty of making a rational calculation due to the influence of the spread of thenovel coronavirus infection. However, based on information available at this point and reflecting
trends in transportation during summer busy periods as well as measures to reduce investment andcosts, the Company has calculated the results forecasts.
These results forecasts are calculated based on the assumption that the current usage conditions
in railway operations, our core business, will continue to the third quarter of the fiscal year ending
March 31, 2021, and that subsequently usage will post a moderate recovery. It is possible that theforecasts will change substantially due to the actual circumstances regarding spread of the infection,consumption trends, and other factors. With consideration for future trends, if there is a need torevise the forecasts again then the Company will promptly provide notice.

22. Revision of dividend forecasts(1) Revision of dividend forecasts for the fiscal year ending March 31, 2021
June 30

September 30

Dividends per share
December 31

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Previously forecast—————

Revised forecast―(Reference) Previous period results(FY ended March 31, 2020)

Not yetdetermined

―

95.00

――

Not yetdetermined

87.50

100.00182.50(2) Reasons for the revisions
We are forecasting a loss, but with consideration for our policy of placing importance on a stableshareholder return over the long term, the Company's forecast for annual dividends is ¥100 pershare.
In regard to interim dividends, we will decide on a dividend in the range of ¥0 to ¥50 per share,with consideration for the results in the first half of the fiscal year.
End3