Summary of Consolidated Financial Report for the Nine Months Ended December 31, 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."
January 30, 2023
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
Shin Kaneko, President and Representative Director
Ataru Kimura, Corporate Executive Officer, General Manager of the Public
Relations Department (Tel +81-52-564-2549)
February 8, 2023―
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, 2022
(1) Consolidated financial results
Operating revenues

Fiscal 2023 3rd Quarter

Net income attributableto owners of the parent

Ordinary income

Operating income

Millions of yen%

Millions of yen%

Millions of yen

1,019,151

48.5

306,369724.2

254,476%

Millions of yen―%

180,660―

37,173Fiscal 2022 3rd Quarter
13.8
686,389―(14,710)―(12,326)
Note 1. Comprehensive income :Fiscal 2023 3rd Quarter 179,899 million yen, ―%. Fiscal 2022 3rd Quarter (20,794) 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 3rd Quarter

917.99―Fiscal 2022 3rd Quarter(62.63)―(2) Consolidated financial position
EquityTotal assets

Fiscal 2023 3rd Quarter
Fiscal 2022
Note
Net worth :Net worth ratio

Equity per share

Millions of yen

Millions of yen%Yen

9,418,910

3,763,378

39.5

18,110.23

37.7

18,110.23

3,609,252
9,450,519
Fiscal 2023 3rd Quarter 3,717,478 million yen. Fiscal 2022 3,564,078 million yen.

2. Cash dividends
Cash dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Yen

Yen

Fiscal 2022

―

65.00

―

Fiscal 2023

―

65.00

―

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

Total
Yen

Yen

65.00

130.0065.00

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

279,000
Fiscal 2023
1,332,000 42.4―
208,000―141,000―
716.47Note 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 3rd Quarter

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

Fiscal 2023 3rd Quarter

9,200,852 Fiscal 2022ⅲ) Average number of shares outstanding for the period

Fiscal 2023 3rd Quarter

sharesshares206,000,000

sharesshares9,200,851

sharesNote

196,799,149 Fiscal 2022 3rd Quarter

shares196,797,093

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 3rd Quarter ― shares. Fiscal 2022 3rd Quarter 2,080 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 3rd 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 low level 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 the average of the use of trains will be around 80%
relative to fiscal 2019 level in the 4th Quarter, considering the revitalization of socio-economic activities that would occur as responses to thepandemic 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 assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Fiscal 2022

Fiscal 2023 3rd Quarter(As of March 31, 2022)(As of December 31, 2022)

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

631,316
1,631,727
60,327
71,999161,100
37,572
84,209(74)
2,678,178

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

1,308,812
286,098
2,368,943
1,496,476
42,976
5,503,307
144,586

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

644,987
264,716
183,627(493)
1,092,838
6,740,731
9,418,910

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
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
Deferred loss on hedges
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Noncontrolling interests
Total equity
Total liabilities and equity

Fiscal 2022

Fiscal 2023 3rd Quarter(As of March 31, 2022)(As of December 31, 2022)

75,97030,738－87,777
6,529
6,409
22,493507,395
737,31471,07931,471
139,000
63,5786,730
76,174
13,771275,930
677,737

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

769,792
460,4423,000,000
516,572
8,750
183,234
39,004
4,977,794
5,655,532

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

112,000
53,474
3,604,384(103,159)
3,666,699

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

46,506(1)
4,273
50,77945,8993,763,378
9,418,910

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
Other
Total non-operating income
Non-operating expenses:
Interest expense
Interest on long-term accounts payable-railway facilitiesOther
Total non-operating expenses
Ordinary income (loss)
Extraordinary gain:Contribution for construction
Gain on sales of noncurrent assets
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 3rd Quarter

Fiscal 2023 3rd Quarter(For the nine months ended
December 31, 2021)(For the nine months ended
December 31, 2022)

686,389

1,019,151

534,903
114,313649,216
37,173588,245
124,535
712,781306,369

1,851
3,516
1,332
6,038
12,739

1,602
4,163
213
4,607
10,58733,51825,9105,194
64,623(14,710)33,83025,623
3,026
62,480254,476

3,884
2,410
773
7,069

725
571
78
1,375

3,848
770
101
4,720
(12,362)(1,487)(10,875)
1,450(12,326)

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

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

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

Fiscal 2022 3rd Quarter

Fiscal 2023 3rd Quarter(For the nine months ended
December 31, 2021)(For the nine months ended
December 31, 2022)(10,875)

181,561(8,463)－(1,395)(60)(9,918)(20,794)(415)(2)(1,245)
1(1,662)
179,899(21,113)319

179,010888

SEGMENT INFORMATION (Unaudited)
Fiscal 2022 3rd Quarter (For the nine months ended December 31, 2021)
1. 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）686,389

Operating revenues:
External customers
Intersegment transactions or transfers
TotalSegment profit (loss)
Note521,926

68,83631,032

64,594686,389

－

7,116

5,986

23,08089,472

125,656(125,656)－

529,043

74,822

54,112

154,067

812,045(125,656)

686,389

32,273(3,907)

13,306(2,929)38,742(1,569)37,173

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 (1,569) 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.

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

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.

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 3rd Quarter is disclosed on the basis of reportable segment classifications for the fiscal 2023 3rd Quarter.