Summary of Consolidated Financial Report for the Three Months Ended June 30, 2022〔under Japanese GAAP〕（Unaudited）
English translation from the original Japanese-language document
Central Japan Railway Company is refferred to as the "Company," and the Company and its consolidated subsidiaries are refferred to as the "Companies."
July 27, 2022
Company Name
Stock Exchange Listings
Code Number
URL
Representative
Contact Person
Expected Date of Presentation of Quarterly Securities Reports
Expected Date of Dividend Payment Commencement
Supplementary Information
Briefing of Financial Results of 1st Quarter

Central Japan Railway CompanyTokyo and Nagoya
9022
https://jr-central.co.jp
Shin Kaneko, President and Representative Director
Ataru Kimura, Corporate Executive Officer, General Manager of the Public
Relations Department (Tel +81-52-564-2549)
August 3, 2022
―Attached
To be held (for institutional investors and analysts)(Figures less than one million yen, except for per share information, have been rounded down.)

1. Results for the three months ended June 30, 2022
(1) Consolidated financial results
Operating revenues

Fiscal 2023 1st Quarter

Operating income

Millions of yen%

Millions of yen

309,342

71.3

83,540Net income attributable toowners of the parent

Ordinary income%

Millions of yen―%

66,838Millions of yen―%

47,001―

Fiscal 2022 1st Quarter
180,628
40.3(25,306)―(40,188)―(28,442)
Note 1. Comprehensive income :Fiscal 2023 1st Quarter 44,531 million yen, ― %. Fiscal 2022 1st Quarter (33,185) million yen, ―%.
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- diluted
Yen

Yen

Fiscal 2023 1st Quarter

238.83―Fiscal 2022 1st Quarter(144.53)―(2) Consolidated financial position
Total assets

Fiscal 2023 1st Quarter
Fiscal 2022
Note
Net worth :Equity

Net worth ratio

Equity per share

Millions of yen

Millions of yen%Yen

9,403,946

3,640,876

38.2

18,110.23

37.7

18,110.23

9,450,519
3,609,252
Fiscal 2023 1st Quarter 3,595,264 million yen. Fiscal 2022 3,564,078 million yen.

2. Cash dividends
Cash dividends per share
1st Quarter

2nd Quarter

3rd Quarter

YenFiscal 2022―

Fiscal 2023

―

Yen
65.00

Fiscal 2023 (Forecast)
65.00
NoteRevisions to the previous forecast of cash dividends for Fiscal 2023 :Year-endYen

Total
Yen

Yen

―

65.00

130.00―65.00

130.00Net income attributableto owners of the parent

Net income per share basicnone

3. Consolidated forecast for Fiscal 2023 (Year ending March 31, 2023)
Operating revenues
Millions of yen

Operating income%

Millions of yen

Ordinary income%

Millions of yen%

Millions of yen%

Yen

Fiscal 2023
1,332,000 42.4
290,000―
217,000―
146,000―
741.87Note 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 2023 :noneNotes to Consolidated Financial Information(1) Changes in scope of significant consolidated subsidiaries ：none(2) Adoption of simplified accounting methods or accounting methods used specifically for quarterly consolidated financial statements :adopted(3) Changes in accounting policies, changes in accounting estimates and error correctionsⅰ) Changes in accounting policies due to revision of accounting standard :ⅱ) Other changes in accounting policies : noneⅲ) Changes in accounting estimates : noneⅳ) Error corrections : nonenone(4) Number of common shares issued and outstanding at the end of each periodⅰ) Number of shares outstanding at the end of the period(Including treasury stocks)

Fiscal 2023 1st Quarter

206,000,000 Fiscal 2022ⅱ) Number of treasury stocks at the end of the period

Fiscal 2023 1st Quarter

9,200,851 Fiscal 2022ⅲ) Average number of shares outstanding for the period

Fiscal 2023 1st Quarter

sharesshares206,000,000

sharesshares9,200,851

sharesNote

196,799,149 Fiscal 2022 1st Quarter

shares196,792,880

Treasury stocks that are deducted from calculation of the average number of shares outstanding for the period include the Company’s
shares held by the employee stock ownership plan trust account, as follows.
Fiscal 2023 1st Quarter ― shares. Fiscal 2022 1st Quarter 6,286 shares.

(5) 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.
(6) Adoption of simplified accounting methods or accounting methods used specifically for 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 2023 including the fiscal 2023 1st Quarter.
In case where the method of computation is remarkably unreasonable, the statutory effective tax rate is used.
(7) Additional information
Effects of the COVID-19 pandemic
The use of trains and other services is declining as an effect of the COVID-19 pandemic. While it is difficult to predict the various outcomes ofthe pandemic, the accounting estimate for fiscal 2023 is made based on the assumption that transportation revenues will recover to an averageof 80% in the 3rd Quarter relative to fiscal 2019 level, considering the revitalization of socio-economic activities that would occur as responses tothe pandemic progress.

Note
Note
Note

1. Financial information is not subject to audit procedures.
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 assetsOther
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Fiscal 2022

Fiscal 2023 1st Quarter(As of March 31, 2022)(As of June 30, 2022)

331,651
1,813,068
54,56944,193
328,500
34,36976,518(106)2,682,764

334,233
1,698,223
50,50852,826386,200
33,851
81,278(72)
2,637,048

1,354,261
272,900
2,356,728
1,382,891
40,8795,407,662
142,072

1,340,309
286,122
2,356,696
1,400,299
51,3655,434,792
142,966

772,089
260,389
186,087(545)
1,218,020
6,767,755
9,450,519

739,670
262,822
187,164(518)
1,189,139
6,766,898
9,403,946

QUARTERLY CONSOLIDATED BALANCE SHEET (Unaudited)
Millions of yen

LIABILITIESCurrent liabilities:
Notes and accounts payable-trade
Short-term loans 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
Provision for large-scale renovation of the Shinkansen infrastructure
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 2022Fiscal 2023 1st Quarter(As of March 31, 2022)(As of June 30, 2022)

75,97030,73887,777
6,529
6,409
22,493507,395
737,31465,322
31,27387,777
6,529
21,935
16,245429,522658,605

890,754436,6423,000,000
519,988
35,000180,830
40,736
5,103,953
5,841,267

900,766
436,6423,000,000
519,988
26,250181,455
39,3605,104,464
5,763,070

112,000
53,474
3,449,334(103,159)
3,511,649

112,000
53,474
3,483,531(103,159)
3,545,845

46,912
5,516
52,42845,1733,609,252
9,450,519

44,242
5,176
49,41845,6123,640,876
9,403,946

QUARTERLY CONSOLIDATED STATEMENT OF OPERATIONS (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 (loss)
Non-operating income:Interest income
Dividend income
Insurance income
Other
Total non-operating income
Non-operating expenses:
Interest expense
Interest on long-term accounts payable-railway facilities
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary gain:Contribution for construction
Other
Total extraordinary gain
Extraordinary loss:
Loss on reduction of noncurrent assets
Loss on retirement of noncurrent assets
Other
Total extraordinary loss
Income (loss) before income taxes
Income taxes
Net income (loss)
Net income attributable to noncontrolling interests
Net income (loss) attributable to owners of the parent

Fiscal 2022 1st Quarter

Fiscal 2023 1st Quarter(For the three months ended
June 30, 2021)(For the three months ended
June 30, 2022)

180,628

309,342

166,071
39,862205,934(25,306)

183,967
41,834
225,801
83,540

613
1,727
1,242
2,257
5,841

534
2,140
16
1,317
4,008

11,077
8,652
992
20,722(40,188)

11,161
8,558
991
20,71066,838

20
2,401
2,421

135
31
167

14
142
48
205
(37,972)(9,787)(28,184)257(28,442)

45
307
23
376
66,62919,02447,604603
47,001QUARTERLY CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
Millions of yen

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

Fiscal 2022 1st Quarter

Fiscal 2023 1st Quarter(For the three months ended
June 30, 2021)(For the three months ended
June 30, 2022)(28,184)

47,604(4,516)(476)(7)(5,000)(33,185)(2,711)(321)(39)(3,073)44,531(33,093)(91)

43,991
540

SEGMENT INFORMATION (Unaudited)
Fiscal 2022 1st Quarter (For the three months ended June 30, 2021)
1. 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）

180,628

Operating revenues:
External customers
Intersegment transactions or transfers
TotalSegment profit (loss)
Note

133,447

19,996

9,247

17,936

180,628

－

2,278

2,024

7,493

25,68537,481(37,481)－

135,725

22,021

16,74043,622

218,109(37,481)180,628(23,877)(2,371)

4,153(2,887)(24,983)(323)(25,306)

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 (323) million yen for segment profit (loss) is the elimination of intersegment transactions.
3. Segment profit (loss) is reconciled to operating loss in the quarterly consolidated statement of operations.

Fiscal 2023 1st Quarter (For the three months ended June 30, 2022)
1. Information about operating revenues and profit (loss)(Millions of yen)

Merchandise
Transportationand OtherReal Estate

Other（Note 1）

TotalReconciliations（Note 2）

Consolidated（Note 3）309,342

Operating revenues:
External customers
Intersegment transactions or transfers
TotalSegment profit (loss)
Note

248,638

29,505

10,581

20,617309,342

－

2,442

1,925

7,730

29,76741,866(41,866)－

251,080

31,431

18,311

50,385351,208(41,866)

309,342

77,385

1,372

5,018

(43)

83,732(191)

83,5401. "Other" includes business of hotel, travel, advertising, rolling stock production, construction, etc., which are not included in any reportable segment.
2. "Reconciliations" amount of (191) million yen for segment profit (loss) is the elimination of intersegment transactions.
3. Segment profit (loss) is reconciled to operating income in the quarterly consolidated statement of operations.

2. Matters related to changes in reportable segments
From the fiscal 2023 1st Quarter, business of "Hotel and Services" and "Rolling Stock Production" are reclassified back to “Other.”This is due to business of "Hotel and Services" and "Rolling Stock Production" falling short of the quantitative criteria.
Segment information for the fiscal 2022 1st Quarter is disclosed on the basis of reportable segment classifications for the fiscal 2023 1st Quarter.