Summary of Consolidated Financial Report for the Three Months Ended June 30, 2024〔under Japanese GAAP〕（Unaudited）
English translation from the original Japanese-language document.
Central Japan Railway Company is referred to as the "Company," and the Company and its consolidated subsidiaries are referred to as the "Companies."
July 30, 2024
Company Name
Stock Exchange Listings
Code Number
URL
Representative
Contact Person

Central Japan Railway Company
Tokyo and Nagoya
9022
https://jr-central.co.jp
Shunsuke Niwa, President and Representative Director
Koji Kumekawa, General Manager of the Public Relations Department(Tel +81-52-564-2549)―Attached
To be held (for institutional investors and analysts)

Expected Date of Dividend Payment Commencement
Supplementary Information
Briefing of Financial Results(Figures less than one million yen, except for per share information, have been rounded down.)
1. Results for the three months ended June 30, 2024
(1) Consolidated financial results
Operating revenues

Operating income

Net income attributableto owners of the parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

435,290

10.2

184,32725.8

171,278

32.4

119,786

32.3

Fiscal 2025 1st Quarter

Fiscal 2024 1st Quarter
395,09127.7
146,51875.4
129,343
93.5
90,549Note 1. Comprehensive income :Fiscal 2025 1st Quarter 118,632 million yen, 9.2%. Fiscal 2024 1st Quarter 108,644 million yen, 144.0%.
2. Percentages for operating revenues, operating income, ordinary income, net income attributable to owners of the parent, and comprehensive
income represent the changes from the same period of the previous year.
Net income per share- basic

Net income per share- dilutedYen

Yen

121.73Fiscal 2025 1st Quarter

92.7―92.02―Fiscal 2024 1st Quarter
Note
The Company conducted the 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. Net income per shareis adjusted to reflect the impact of the stock split as if the stock split had occurred at the beginning of the prior fiscal year.
(2) Consolidated financial position
Total assets

Fiscal 2025 1st Quarter
Fiscal 2024
Note
Net worth :EquityNet worth ratio

Equity per share

Millions of yen

Millions of yen%

Yen

9,842,994

4,327,356

43.4

4,237.48

41.9

3,820.40

9,941,896
4,223,683
Fiscal 2025 1st Quarter 4,273,229 million yen. Fiscal 2024 4,169,660 million yen.

2. Cash dividends
Cash dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Yen
Fiscal 2024―

Fiscal 2025

―

Yen
70.00

Year-end
Yen

Total
Yen

―

15.00

15.00
―
15.00
Fiscal 2025 (Forecast)
Note 1. Revisions to the previous forecast of cash dividends for Fiscal 2025 :none
2. The Company conducted the 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. Dividends atthe end of the 2nd Quarter of the fiscal 2024 present the amount prior to the stock split.

Yen―30.00

3. Consolidated forecast for Fiscal 2025 (Year ending March 31, 2025)
Operating revenues
Millions of yen

Operating income%

Millions of yen

Net income attributableto owners of the parent

Ordinary income%

Millions of yen%

Millions of yen%

Net income per share- basic
Yen

1,740,000
608,000
545,000 (0.4)
381,000 (0.9)
387.20Fiscal 2025
1.70.1
Note 1. Percentages for operating revenues, operating income, ordinary income, and net income attributable to owners of the parent represent the changes
from the previous year.
2. Revisions to the previous consolidated forecast for Fiscal 2025 :none

Notes to Consolidated Financial Information(1) Significant changes in the scope of consolidation during the period ：none(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements :yes(3) Changes in accounting policies, changes in accounting estimates, and restatementⅰ) Changes in accounting policies due to revisions to accounting standards and other regulations :ⅱ) Changes in accounting policies due to other reasons : noneⅲ) Changes in accounting estimates : noneⅳ) Restatement : noneyes(4) Number of issued shares (common shares)ⅰ) Total number of issued shares at the end of the period(Including treasury stocks)

Fiscal 2025 1st Quarter

1,030,000,000 Fiscal 2024ⅱ) Number of treasury shares at the end of the period

Fiscal 2025 1st Quarter

46,004,820 Fiscal 2024ⅲ) Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)

Fiscal 2025 1st Quarter

983,995,180 Fiscal 2024 1st Quarter

sharesshares1,030,000,000

sharesshares46,004,820

shares

Noteshares

983,995,712

The Company conducted the 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. The number of common sharesissued and outstanding is adjusted to reflect the impact of the stock split as if the stock split had occurred at the beginning of the prior fiscal year.

(5) Changes in accounting policies
Application of Accounting Standard for Current Income Taxes, etc.
The Companies have applied ASBJ Statement No. 27, October 28, 2022, “Accounting Standard for Current Income Taxes” ; hereinafter, “RevisedAccounting Standard of 2022” from the beginning of the fiscal 2025 1st Quarter.
Revisions to categories for recording Corporate Taxes, etc. (taxation on other comprehensive income) conform to the transitional treatment in theproviso of Paragraph 20-3 of the Revised Accounting Standard of 2022 and the transitional treatment in the proviso of Paragraph 65-2(2) ofASBJ Guidance No. 28, October 28, 2022, “Guidance on Accounting Standard for Tax Effect Accounting” ; hereinafter “Revised Guidance onAccounting Standard of 2022”.There are no effects on the consolidated financial statements due to the change in accounting policies.
In addition, revisions to the treatment in the consolidated financial statements of the deferral for tax purposes of gains or losses
on sales of shares of subsidiaries and other securities arising from sales between consolidated companies
have applied the Revised Guidance on Accounting Standard of 2022 from the beginning of the fiscal 2025 1st Quarter.
There are no effects on the consolidated financial statements in fiscal 2024 due to the change in accounting policies.
(6) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements
Computation of income taxes
The Companies compute income taxes by multiplying quarterly income before income taxes by the effective tax rate that is reasonably estimatedby applying tax effect accounting to the projected annual income before income taxes of the fiscal 2025 including the fiscal 2025 1st Quarter.
In case where the method of computation is remarkably unreasonable, the statutory effective tax rate is used.
(7) Quarterly consolidated statement of cash flows
The Companies have not prepared a quarterly consolidated statement of cash flows for the fiscal 2025 1st Quarter.
Depreciation and amortization (including depreciation and amortization related to intangible assets except goodwill) for the fiscal 2025 1st Quarteris as follows.
Fiscal 2024 1st Quarter
Fiscal 2025 1st Quarter(For the three months ended(For the three months ended
June 30, 2023)
June 30, 2024)
Depreciation and amortization

Millions of yen

Millions of yen

52,87649,395(8) Quarterly consolidated balance sheet
Money held in trust for the Chuo Shinkansen construction and Long-term debt for the Chuo Shinkansen construction
The Company has received loans from the Japan Railway Construction, Transport and Technology Agency for promoting the constructionof the Chuo Shinkansen, and the money is placed in the trust fund to segregate it from other money.
NoteNote
Note

1. Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants
or an audit firm: none
2. The forward-looking statements in this report are based on estimates and assumptions that reflect information available as of the day of release ofthis report. The accuracy of forecasts above, therefore, is inherently uncertain because it is affected by future economic trends and environment.
3. English supplementary information will be announced on our website later.

QUARTERLY CONSOLIDATED BALANCE SHEET (Unaudited)
Millions of yen

ASSETS
Current assets:
Cash and deposits
Money held in trust for the Chuo Shinkansen construction
Notes, accounts receivable-trade and contract assets
Railway fares receivables
Marketable securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets:
Property, plant and equipment
Buildings and structures, net
Machinery, rolling stock and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Fiscal 2024

Fiscal 2025 1st Quarter(As of March 31, 2024)(As of June 30, 2024)

740,983
1,351,634
78,249103,447
214,300
41,858260,730(105)
2,791,097

406,503
1,204,853
71,362
95,479366,700
44,511
242,637(88)
2,431,958

1,279,176
294,2452,367,230
1,830,396
37,812
5,808,861
160,184

1,264,260
289,984
2,367,695
1,876,659
35,101
5,833,702
161,878

526,142
160,992
495,053(435)
1,181,752
7,150,798
9,941,896

495,351
160,858
759,673(427)
1,415,455
7,411,035
9,842,994

Millions of yen

LIABILITIESCurrent liabilities:
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds payable
Current portion of long-term loans payable
Current portion of long-term accounts payable-railway facilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Noncurrent liabilities:
Bonds payable
Long-term loans payable
Long-term debt for the Chuo Shinkansen construction
Long-term accounts payable-railway facilities
Liability for retirement benefits
Other
Total noncurrent liabilities
Total liabilities
EQUITY
Shareholders' equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income:Unrealized gain on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Noncontrolling interests
Total equity
Total liabilities and equity

Fiscal 2024

Fiscal 2025 1st Quarter(As of March 31, 2024)(As of June 30, 2024)

85,33232,09480,50436,2507,373
106,429
30,226420,493
798,70369,60033,34780,50836,2507,373
52,95817,929285,972
583,940

709,337
507,040
3,000,000
505,677
157,019
40,433
4,919,508
5,718,212

719,343
507,040
3,000,000
505,677
159,727
39,9094,931,698
5,515,638

112,000
54,1293,999,973(103,161)
4,062,942

112,00054,129
4,104,985(103,161)
4,167,953

86,202
20,516
106,718
54,0234,223,683
9,941,896

86,25419,022
105,276
54,126
4,327,356
9,842,994

QUARTERLY CONSOLIDATED STATEMENT OF INCOME (Unaudited)
Millions of yen

Operating revenues
Operating expenses:
Transportation, other services and cost of sales
Selling, general and administrative expenses
Total operating expenses
Operating income
Non-operating income:Interest income
Dividend income
Insurance income
Gain on sales of investment securities
OtherTotal non-operating income
Non-operating expenses:
Interest expense
Interest on long-term accounts payable-railway facilities
Other
Total non-operating expenses
Ordinary income
Extraordinary gain:Contribution for construction
OtherTotal extraordinary gain
Extraordinary loss:
Loss on reduction of noncurrent assets
Loss on retirement of noncurrent assets
Other
Total extraordinary loss
Income before income taxes
Income taxes
Net income
Net income attributable to noncontrolling interests
Net income attributable to owners of the parent

Fiscal 2024 1st Quarter

Fiscal 2025 1st Quarter(For the three months ended
June 30, 2023)(For the three months ended
June 30, 2024)

395,091435,290

202,727
45,845248,573
146,518

202,947
48,014
250,962
184,327

551
2,110
49
－
647
3,357

1,222
2,397
110
2,698
837
7,266

11,236
8,457
838
20,532
129,343

11,3988,350
566
20,315
171,278

263
102
365

198
8
206

57
405
9
472
129,236
37,89691,339790
90,549

72
259
18
351
171,134
50,420120,713927
119,786

QUARTERLY CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
Millions of yen

Net income
Other comprehensive (loss) income:Unrealized (loss) gain on available-for-sale securities
Remeasurements of defined benefit plans
Share of other comprehensive (loss) income in affiliates
Total other comprehensive (loss) income
Comprehensive income(breakdown)
Total comprehensive income attributable toOwners of the parent
Noncontrolling interests

Fiscal 2024 1st Quarter

Fiscal 2025 1st Quarter(For the three months ended
June 30, 2023)(For the three months ended
June 30, 2024)

91,339120,713

17,703(474)
75
17,304
108,644(495)(1,578)(7)(2,081)
118,632

107,003
1,640

118,344288

SEGMENT INFORMATION (Unaudited)
Fiscal 2024 1st Quarter (For the three months ended June 30, 2023)
Information about operating revenues and profit (loss)(Millions of yen)

Merchandise
Transportationand Other

Real Estate

Other（Note 1）

Total

Reconciliations（Note 2）

Consolidated（Note 3）395,091

Operating revenues:
External customers
Intersegment transactions or transfers
Total
Segment profit
Note322,381

36,06011,64325,005395,091

－

2,674

1,710

8,003

28,54240,931(40,931)－

325,056

37,771

19,64753,548436,023(40,931)395,091

135,425

2,669

5,855

2,325

146,275242

146,518

1. "Other" includes business of hotel, travel, advertising, rolling stock production, construction, etc., which are not included in any reportable segment.
2. "Reconciliations" amount of 242 million yen for segment profit is the elimination of intersegment transactions.
3. Segment profit is reconciled to operating income in the quarterly consolidated statement of income.

Fiscal 2025 1st Quarter (For the three months ended June 30, 2024)
Information about operating revenues and profit (loss)(Millions of yen)

Merchandise
Transportationand OtherReal Estate

Other（Note 1）TotalReconciliations（Note 2）

Consolidated（Note 3）435,290

Operating revenues:
External customers
Intersegment transactions or transfers
Total
Segment profit
Note357,51338,825

12,40526,545435,290

－

2,832

2,287

7,985

26,58939,694(39,694)－360,346

41,112

20,39053,135474,984(39,694)435,290

173,524

3,472

6,123

511

183,630

697

184,327

1. "Other" includes business of hotel, travel, advertising, rolling stock production, construction, etc., which are not included in any reportable segment.
2. "Reconciliations" amount of 697 million yen for segment profit is the elimination of intersegment transactions.
3. Segment profit is reconciled to operating income in the quarterly consolidated statement of income.