Summary of Consolidated Financial Report for the Nine Months Ended December 31, 2023〔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."
January 30, 2024

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 3rd Quarter

Central Japan Railway Company
Tokyo and Nagoya9022https://jr-central.co.jp
Shunsuke Niwa, President and Representative Director
Koji Kumekawa, General Manager of the Public Relations Department(Tel +81-52-564-2549)
February 6, 2024―
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 nine months ended December 31, 2023
(1) Consolidated financial results
Operating revenues

Fiscal 2024 3rd Quarter

Operating income

Net income attributableto owners of the parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

1,273,017

24.9

502,59764.0

455,11578.8

318,77076.4

306,369
Fiscal 2023 3rd Quarter
1,019,151
48.5
724.2
254,476―
180,660―
Note 1. Comprehensive income :Fiscal 2024 3rd Quarter 339,356 million yen, 88.6%. Fiscal 2023 3rd Quarter 179,899 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

323.96

Fiscal 2024 3rd Quarter――183.60
Fiscal 2023 3rd Quarter
Note
The Company conducted a 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 2024 3rd Quarter
Fiscal 2023
Note
Net worth :Equity

Net worth ratio

Equity per share

Millions of yenMillions of yen%Yen

9,729,329

4,118,376

41.8

19,101.99

39.5

18,110.23

9,514,409
3,807,110
Fiscal 2024 3rd Quarter 4,067,887 million yen. Fiscal 2023 3,759,255 million yen.

2. Cash dividends
Cash dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Yen

Yen

Year-end
Yen

Fiscal 2023

―

65.00

―

Fiscal 2024

―

70.00

―

Total
Yen

Yen

70.00

135.00

14.00
Fiscal 2024 (Forecast)
Note 1. Revisions to the previous forecast of cash dividends for Fiscal 2024 :none
2. The Company conducted a 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. Dividends at or before
the end of the 2nd Quarter of the fiscal 2024 present the amount prior to the stock split.

―3. Consolidated forecast for Fiscal 2024 (Year ending March 31, 2024)
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

1,658,000 18.4
533,000 42.3
464,000 50.9
330,000 50.4
335.37
Fiscal 2024
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 2024 :revised3. The Company conducted a 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. Net income per sharein the consolidated forecast for Fiscal 2024 is the amount based on the effect of the stock split.

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 2024 3rd Quarter

1,030,000,000 Fiscal 2023ⅱ) Number of treasury stocks at the end of the period

Fiscal 2024 3rd Quarter

46,004,820 Fiscal 2023ⅲ) Average number of shares outstanding for the period

Fiscal 2024 3rd Quarter

983,995,536 Fiscal 2023 3rd Quarter

sharesshares1,030,000,000

sharesshares46,004,260

sharesNoteshares983,995,744

The Company conducted a 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) 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 2024 including the fiscal 2024 3rd Quarter.
In case where the method of computation is remarkably unreasonable, the statutory effective tax rate is used.

(Reference) Nonconsolidated forecast for Fiscal 2024 (Year ending March 31, 2024)
Operating revenues
Millions of yen

Operating income%Millions of yenOrdinary income%

Millions of yen

Net income per share- basic

Net income%Millions of yen%

1,377,000 20.4
506,000 46.1
437,000 56.7
312,000 54.5
Fiscal 2024
Note 1. Percentages for operating revenues, operating income, ordinary income, and net income represent the changes from the previous year.
2. Revisions to the previous nonconsolidated forecast for Fiscal 2024 :revised3. The Company conducted a 5-for-1 stock split of its common stock, with an effective date of October 1, 2023. Net income per sharein the nonconsolidated forecast for Fiscal 2024 is the amount based on the effect of the stock split.

Note
Note
NoteYen316.75

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 assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Fiscal 2023

Fiscal 2024 3rd Quarter(As of March 31, 2023)(As of December 31, 2023)

674,640
1,585,282
66,27574,809177,500
37,337
96,534(95)
2,712,285

639,252
1,384,272
69,498100,146
190,600
45,662226,080(85)
2,655,425

1,313,282
316,718
2,367,843
1,571,185
43,571
5,612,601
159,401

1,274,420
293,298
2,368,013
1,705,176
35,5655,676,474
162,174

630,801
217,495
182,310(487)
1,030,120
6,802,124
9,514,409

511,663
212,076
511,980(465)
1,235,254
7,073,903
9,729,329

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
OtherTotal 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 2023

Fiscal 2024 3rd Quarter(As of March 31, 2023)(As of December 31, 2023)

79,53327,341
139,00247,692
6,937
44,216
26,811
357,917
729,452

72,42031,40280,50047,592
7,152
116,172
14,284
298,507
668,032

769,801
473,3903,000,000
513,050
182,801
38,802
4,977,846
5,707,299

709,331498,8903,000,000
509,420
185,954
39,325
4,942,921
5,610,953

112,000
53,474
3,643,142(103,159)
3,705,456

112,000
54,1303,934,333(103,161)
3,997,301

49,517
4,280
53,79847,855
3,807,110
9,514,409

67,645
2,940
70,58650,4884,118,376
9,729,329

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
Non-operating income:Interest income
Dividend income
Insurance income
Gain on sales of investment securities
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
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 before income taxes
Income taxes
Net income
Net income attributable to noncontrolling interests
Net income attributable to owners of the parent

Fiscal 2023 3rd Quarter

Fiscal 2024 3rd Quarter(For the nine months ended
December 31, 2022)(For the nine months ended
December 31, 2023)

1,019,151

1,273,017

588,245
124,535
712,781306,369

634,683
135,735
770,419502,597

1,602
4,163
213
1,447
3,159
10,587

2,280
4,214
191
5,745
2,337
14,76833,83025,623
3,026
62,480254,476

34,02525,3192,906
62,251
455,115

725
650
1,375

660
205
865

537
1,192
50
1,780
254,072
72,510181,561901
180,660

519
1,193
73
1,786
454,194
132,907
321,287
2,516
318,770

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

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

Fiscal 2023 3rd Quarter

Fiscal 2024 3rd Quarter(For the nine months ended
December 31, 2022)(For the nine months ended
December 31, 2023)

181,561

321,287(415)(2)(1,245)
1(1,662)
179,899

19,401－(1,422)90
18,069339,356

179,010888

335,558
3,798

SEGMENT INFORMATION (Unaudited)
Fiscal 2023 3rd Quarter (For the nine months ended December 31, 2022)
Information about operating revenues and profit (loss)(Millions of yen)

Merchandise
Transportation
and Other

Real Estate

Other（Note 1）

Total

Reconciliations（Note 2）

Consolidated（Note 3）
1,019,151

Operating revenues:
External customers
Intersegment transactions or transfers
Total
Segment profit
Note821,803

95,40533,48068,462

1,019,151

－

7,841

5,618

23,687

95,386

132,533(132,533)－

829,645

101,023

57,167

163,848

1,151,684(132,533)

1,019,151

284,380

5,464

15,151

2,439

307,435(1,065)306,369

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 (1,065) 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 operations.

Fiscal 2024 3rd Quarter (For the nine months ended December 31, 2023)
Information about operating revenues and profit (loss)(Millions of yen)

Merchandise
Transportation
and Other

Real Estate

Other（Note 1）

Reconciliations（Note 2）

Consolidated（Note 3）

1,273,017－

1,273,017

Total

Operating revenues:
External customers
Intersegment transactions or transfers
Total
Segment profit
Note1,042,793

113,163

37,264

79,796

8,326

5,389

24,64887,486

125,850(125,850)－

1,051,120

118,552

61,912

167,282

1,398,867(125,850)

1,273,017

468,474

9,361

17,808

8,066

503,710(1,113)

502,597

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 (1,113) 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 operations.