Profit and Loss Statement (Table Ⅲ- 8)(Note: Totals may not match due to rounding of figures.)

Breakdown

FY 2020 (A)FY 2021 (B)Change (B) - (A)Hundred million yen

Hundred million yen

Hundred million yen

14,082

14,376＋ 294

10,867

11,115＋ 247

Management effort subsidy expenses

36＋2Expenses to subsidize management efforts to reduce road construction costs

Railway facility utilization expenses

8685▲1Depreciation expenses, taxes and public dues, payment management
outsourcing expenses, etc. related to railway facilities

General administrative expenses(Expenses)

20(9)
(10)

18(9)
(9)

▲1(▲0)(▲ 1)

Financial expenses

2,6322,556▲ 75Interest expenses and expenses required when procuring and repaying funds

Road asset acquisition expenses

445

586＋ 140

Company labor costs, expenses, and interest required for road construction
accounted for as expenses during the term when attributing assets

Miscellaneous losses

268▲ 18

16,55817,800＋ 1,241

16,221

17,477＋ 1,255

Railway facility utilization revenue

62▲4Revenue from the utilization of railway facilities

Revenue from railway maintenanceand repair grants-7＋7

Revenue through grants received from JRTT to maintain and repair (capitalexpenditure) railroad facilities (Honshi-Bisan Line)

158138▲ 19

Revenue from occupancy fees and consolidated revenue from service/parking areas

88

92＋3

Revenue created by reversing contra-accounts in an amount equivalent todepreciation costs related to road assets included in contra asset accounts

Reversal of contra-accounts forrailway facility construction

7978▲1Revenue from reversing contra-accounts in an amount equivalent to depreciation
costs related to railway assets included in construction contra-accounts

Financial revenue

22(▲0)

Interest income

Miscellaneous income

11(▲0)

2,476

3,423＋ 947

Extraordinary losses

339＋ 36

Provisions for the Expressway Convenience Improvement Project

Extraordinary profit

294255▲ 39

Reversal of provisions for the Expressway Convenience Improvement Project

2,768

3,638＋ 870

11(▲0)

2,769

3,640＋ 870

Ordinary expenses
Road asset lending expenses(Labor costs)

Ordinary revenue
Road asset lending revenue

Other revenue
Reversal of contra-accounts for assets

Ordinary profit

Current term net profit
Reversal of reserve funds carried forwardfrom the previous medium-term target period

Current term gross profit

Account Details

Depreciation expenses, loss on retirement of fixed assets,taxes and public dues, etc. related to road asset lending

Revenue from road asset lending

The amount equivalent to depreciation costs of fixed assets acquired throughowned income in the previous medium-term target period

Ordinary expenses
Ordinary expenses totaled ¥1.4376 trillion. Accounting for the majority at ¥1.3672 trillion, or 95% of this total, was (1) ¥1.1115 trillion in“Road asset lending expenses”, which is largely composed of depreciation expenses related to road assets, and (2) ¥255.6 billion in“Financial expenses”, or interest expenses on bonds and debts.
Ordinary revenue
Ordinary revenue totaled ¥1.78 trillion. Accounting for the majority at ¥1.7477 trillion, or 98% of this total, was "Road asset lendingrevenue".
Ordinary profit
As a result, ordinary profit totaled ¥342.3 billion.
Extraordinary losses
Extraordinary losses totaled ¥3.9 billion. The majority of this was the ¥3.7 billion in "Provisions for the Expressway Convenience
Improvement Project” included due to changes in the project.
Extraordinary profit
Extraordinary profit totaled ¥25.5 billion. The majority of this was the ¥24 billion in "Reversal of provisions for the Expressway
Convenience Improvement Project” included to cover the decrease in lending fees due to the Project.
Current term gross profit
Current term gross profit totaled ¥364 billion, with extraordinary losses of ¥3.9 billion, extraordinary profit of ¥25.5 billion, and"Reversal of reserve funds carried forward from the previous medium-term target period" of ¥100 million added to the ordinary profit