fact sheets 2018...sales of goods and food services, department store, wholesale of various goods...

CONTENTS

Corporate Overview

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Businesses Revenue Composition

Service Area

Major businesses in consolidated segment

JR-West Group Medium-Term Management Plan 2022

Operating Environment

Operating Area Population and Gross Production

Demand from Inbound Travel

Airport and Expressway Networks

Business

Sanyo Shinkansen Line Shinkansen Versus Airlines

Development of New Shinkansen Lines (Hokuriku Shinkansen Line)

Kansai Urban Area (Kyoto-Osaka-Kobe Area)

Development in Kansai Urban Area

Non-Transportation Operations (Financial Overview)

Non-Transportation Operations (Retail Business)

Non-Transportation Operations (Real Estate Business)

15

16

17

18

19

20

21

Data

Uses of Cash Flows

Employees

Management Indicators

Consolidated Financial Data

Non-Consolidated Financial Data

Transportation Revenues

Transportation Data

22

Other

Outline of Governmentrsquos Regulations on Railway Fares and Charges

httpwwwwestjrcojpglobalenirYear ended March 31 2018

Fact Sheets 2018 Making Our Vision into Reality

Continuity Progress

WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW

OPERATINGENVIRONMENT

CONTENTS DATA OTHERBUSINESS 1Fact Sheets 2018

Note Percentages of operating income and total assets calculated excluding consolidation adjustment amounts

637

33

198

132

516356

128

674

38

185

103

634

160

93

113

Corporate Overview


CORPORATE PROFILE As of March 31 2018 As of March 31 2018

TOTAL ASSETS (As of March 31 2018)

REVENUE COMPOSITION FY ended March 31 2018

Number of passengers Total 1913 million Shinkansen 85 million Conventional lines 1847 million Kansai Urban Area 1537 million Other 366 million

Passenger-kilometers Total 59291 million Shinkansen 21022 million Conventional lines 38269 million Kansai Urban Area 29872 million Other 8397 million

Train-kilometers per day Total 512 thousand Shinkansen 124 thousand Conventional lines 388 thousand

Transportationbull Railway ServicesTotal route length 50087 kilometers Shinkansen 8126 kilometers Conventional lines 41961 kilometers

Number of stations 1202

Number of passenger cars 6498

bull Bus Servicesbull Ferry Services

Retail Sales of goods and food services department store wholesale of various goods

Real Estate Shopping center operations real estate lease and sale

Other Businesses Hotel services travel services rental of goodsconstruction etc

BUSINESSES

OPERATING REVENUES(REVENUES FROM THIRD PARTIES)

Transportation yen9508 billion

Retail yen2398 billion

Real Estate yen1396 billion

Other Businesses yen1700 billion








Shinkansen yen4477 billion


yen3090 billion

Other Conventional Lines yen1110 billion


Total

yen15004 billion

OPERATING INCOME

Total

yen1913 billion

RAILWAY REVENUES

Total

yen8678 billion

Total

yen30729 billion

The total route length is the sum of the Shinkansen

and conventional lines

Date of establishment April 1 1987

Common stock yen100 billion

Shares outstanding 193735000

Employees at work 25291 (non-consolidated) 47869 (consolidated)

Number of subsidiaries 153 (incl 64 consolidated subsidiaries)




KyushuShinkansen

Sanyo Shinkansen

(JR-West)

Tokaido Shinkansen

Tokyo

Takasaki

Joetsu Myoko

Toyama

Kanazawa

Osaka

Kyoto

Nagano

Mie

Toyama

Ishikawa

Fukui

Shiga

NaraWakayama

Kyoto Nagoya

Shin-Osaka

Shinagawa

Hiroshima

Tottori

HyogoShimane

Okayama

Fukuoka

Shin-KobeOkayama

Hiroshima

Kokura

Hakata

Kumamoto

Kagoshima-Chuo

YamaguchiYamaguchiYamaguchi

100km

100mile

Conventional Lines

Kansai Urban Area

Area of Other Conventional Lines

Sanyo Shinkansen

Hokuriku Shinkansen

HokurikuShinkansen

(JR-East)

HokurikuShinkansen

KansaiUrban Area

Kyobashi

Osaka

Tennoji

Wakayama

Kansai-airport

Kobe

Amagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

HimejiAioi

Kyoto

Omi-Shiotsu

KusatsuYamashina

NaraOji

Takada

Tsuge

Shin-Osaka

Maibara

Boundary Stations between JR-West and Other JR Companies

Shinkansen Line (Bullet Train)

Intercity Lines

Regional Lines

Kameyama

225 series commuter train

Operating section Kansai Urban Area

Typical train configuration 8 cars

Maximum speed 130kmh

CONVENTIONAL LINES

Thunderbird limited express

Operating section Osaka ndash Kanazawa

Wakura-onsen



Tokaido and Sanyo Shinkansen N700A

Operating section Tokyo ndash Hakata

Train configuration 16 cars


SHINKANSEN

Sanyo and Kyushu Shinkansen N700

Operating section Shin-Osaka ndash

Kagoshima-Chuo



Hokuriku Shinkansen W7

Operating section Tokyo ndash Kanazawa



bull Western part of Honshu the main island of

Japan and northern part of Kyushu

bull Approx 13 of Japanrsquos population and GDP

Corporate Overview

Service Area

NoteNote




As of March 31 2018

Transportation

Retail

Real Estate

Other Businesses

Railway Services

Sales of Goods and Food Services

Shopping Centers

Hotels

bull Shinkansen Conventional lines

Consolidated subsidiary 1 company

Subsidiary Sagano Scenic Railway

Ferry ServicesConsolidated subsidiary 1 company

Subsidiary JR West Miyajima Ferry Co Ltd

Consolidated subsidiaries 2 companies

Subsidiaries Japan Railway West Trading Company West Japan Railway Sanin Development Company

Bus Servicesbull Express buses conventional buses


Subsidiaries

West Japan JR Bus Company

Chugoku JR Bus Company

bull Operation of stores within railway stations

(convenience stores gift shops restaurants etc)

bull Operation of VIA INN accommodation-oriented budget hotels


Main subsidiaries

West Japan Railway Daily Service Net Company

West Japan Railway Food Service Net Company

West Japan Railway Fashion Goods Co Ltd

Department Store

Wholesale and others

bull Operation of JR Kyoto Isetan and isetan shops in LUCUA osaka


Subsidiary West Japan Railway Isetan Limited

bull Operation of shopping centers in station buildings and surrounding

areas of stations


Main subsidiaries

JR West Japan Shopping Center Development Company

Tennoji Shopping Center Development Co Ltd

KOBE SC DEVELOPMENT COMPANY

Real Estate Lease and Salebull Operation of station buildings and development of commercial facilities

surrounding areas of stations and underneath elevated tracks

bull Development of condominiums and community along railway belts


Subsidiaries

Kyoto Station Building Development Co Ltd

Osaka Terminal Building Company

JR WEST REAL ESTATE amp DEVELOPMENT COMPANY

Ryoju Properties Co Ltd

(Name changed to JR West Properties Co Ltd on July 1 2018)

bull Operation of hotels directly connected to main stations


Main subsidiaries West Japan Railway Hotel Development Limited

Hotel Granvia Osaka Co Ltd

Travel ServicesConsolidated subsidiary 1 company

Subsidiary Nippon Travel Agency Co Ltd

Constructionbull Construction Maintenance Works Electric Works etc


Main subsidiaries DAITETSU KOGYO Co LTD

WEST JAPAN RAILWAY TECHNOS CORPORATION

West Japan Electric System Co LtdOthersbull Advertising Services Cleaning and Maintenance Works etc


Main subsidiaries West Japan Marketing Communications Inc

West Japan Railway MAINTEC Co LTD (Name changed to JR West MAINTEC Co LTD on July 1 2018)

Corporate Overview





bull With capital expenditures expanding we will enhance returns to shareholders We will bolster both profit growth and shareholder return

bull We will focus on sustained profit growth and utilize return ratios

(1) Highest priority on safetygrowth investment bull Investing in safety which is the foundation of management

bull Implementing growth investment to increase corporate value over the long term

bull Investing to increase business sustainability

We will implement stable dividends aiming for a dividend payout ratio of approximately 35 in fiscal 2023

Over the period of this plan our yardstick will be a total return ratio of approximately 40 and we will make flexible acquisitions of treasury stock

[Priority ranking for uses of cash]

Continuation of current trends

Business Performance Targets Financial Strategy

Capital Expenditure Plan

Billions of yen

(Billions of yen)

20000

15000

10000

Medium-TermManagement Plan 2022


FY20143 FY20153 FY20183FY20163 FY20173 FY20193 FY20203 FY20233FY20213 FY20223

yen940 billion(+yen150 billion)



yen20 billion(ndashyen5 billion)

JR-West Group Medium-TermManagement Plan 2017


Other

Real EstateBusiness

RetailBusiness

TransportationOperations

Capex forgrowth

Capex formaintenanceand upgrades

yen710 billion


yen280 billion

Capex for growth

yen130 billion

Equity investment

yen490 billion

Safetycapex

Around2030

yen2 trillion

Our VisionmdashThe Ideal Forms

Enhancing safety

Shareholder return policy

EBITDA = Operating Income + Depreciation Expense + Amortization of goodwill

Figures in [ ] exclude expenses in preparation for Hokuriku Shinkansen opening

Balance of cash and deposits Generally maintaining current level

Results for FY20183 Objectives for FY20233 IncreaseDecrease

Operating Revenues

Transportation

Retail

Real estate

Other businesses

Operating Income

Transportation

Retail

Real estate

Other businesses

Recurring Profit

Profit attributable to owners of parent

EBITDA

ROA

ROE


15004

9508

2398

1396

1700

1913

1303

72

357

199

1777

1104

3561

63

113

8678

16300

9775

2810

1685

2030

[2180] 2100

1395

100

415

230

[2050] 1970

[1340] 1280

[4080] 4000

Mid-6 range

Approx 10

8900

yen1120 billion


(Breakdown by segment) Change excludes equity investment

+1295

+266

+411

+288

+329

[+266] +186

+91

+27

+57

+30

[+272] +192

[+235] +175

[+518] +438

ndash

ndash

+221


Safetycapex

yen810 billion

yen460 billion

(2) Shareholder return bull Balancing uses of cash bull Allocating free cash flow to shareholder return

(3) Basically we will not implement debt reduction bull Considering the procurement of new debt for additional investment while maintaining corporate credit ratings

Capitalexpenditure

Increasing cashgenerating

abilityOperatingcash flow

(CF)

Returns toshareholders

Debt reduction

Dividends

Acquisition of treasury stock

[Securing business sustainability]bull Increasing productivity by utilizing new technologies etc

bull Using opportunities presented by updates of large-scale facilities in order strengthen functionality

Corporate Overview


bull Strengthening Shinkansen competitiveness

bull Increasing the value of railway belts in the Kansai Urban Area

bull Increasing asset efficiency and expanding operational scale in non-railway businesses

bull Introduction of N700Abull Opening of

Joetsumyoko-Kanazawa segment of the Hokuriku Shinkansen

bull Opening of LUCUA Osaka

bull Opening of northern section of Osaka Higashi Line

bull Standardizing of rolling stock for trains used in direct operation between the Tokaido Shinkansen and the Sanyo Shinkansen

bull Opening of Kanazawa-Tsuruga segment of Hokuriku Shinkansenbull Opening of Umekita (Osaka) underground stationbull Opening of Naniwasuji Linebull Consideration of access to Yumeshimabull Development of large-scale strategic stations (Osaka Sannomiya Hiroshima)

bull Setting objectives from long-term viewpoint

bull Maximizing effectiveness of large-scale projects

Steadfastly maintaining the direction taken to date At the same time adding a backcasting perspective to target sustained growth over the long term

Positioning of Medium-Term Management Plan




JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu

POPULATION AND GROSS PRODUCTION

(Thousands of people Billions of yen)

MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA

(Thousands of people)

Population(As of January 1 2018)

Gross Production(FY ended March 31 2015)

Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total

Other Service Areas Niigata

Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total

Reference Tokyo Area

Nagoya Area

Kyushu Area

Japan

Note Kansai Area Shiga Kyoto Osaka Hyogo Nara Wakayama

Tokyo Area Tokyo Kanagawa Saitama Chiba

Nagoya Area Aichi Gifu Mie

Kyushu Area Fukuoka Saga Nagasaki Kumamoto Oita Miyazaki Kagoshima

Source Ministry of Internal Affairs and Communications Cabinet Office

Note FY2001 etc refer to the fiscal years ending March 2001 etc

Source Actual Directory of population Ministry of Internal Affairs and Communications

Projection Population Projections by Prefecture (March 2018) National Institute of Population and Social Security Research

1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori

HiroshimaYamaguchiHyogo

Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano



Japan Total Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421

Kansai Area Total Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954

Service Area Total Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694

Osaka Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335

Nara Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998

Wakayama Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688

Shiga Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263

Hyogo Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532

Kyoto Actual Projection Change

FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137

Figures in parentheses show percentages of Japan totals




External Environment


Composition of Inbound Visitors to Japan (CY2017 result)

Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people

Source Japan National Tourism Organization (JNTO)

Source Japan National Tourism Organization (JNTO) Ministry of Justice

Number of visitors using JR-West Number of visitors using products for inbound visitors

(sales and exchanges in JR-Westrsquos operating area)

VISITING RATE BY PREFECTURE (CY2017 result)

Ranking Prefecture Visiting rate

1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30

Number of users of exclusive products Transportation Revenues Consolidated operating revenues

12 13 14 17 30(Target)

20(Target)

15 16

Inbound visitors to Japan Foreigners entering Japan at Kansai International Airport

0

Changes in Inbound Visitors to Japan (Results for each year and targets)

Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people

FY20133 FY20143 FY20153 FY20183 FY20233(Target)

FY20163 FY201730

600

400

200

0

Billions of yen

FY20183 FY20233(Target)

Exclusiveproducts

Exclusiveproducts

Individualtickets

Individualtickets 429

650

800

600

400

200

0

Billions of yen


+220

Quantity of responses 40213Unit Millions of people

86

6

5

2

3

8

9

16

25

26

hellip hellip hellip

Note Blue shaded areas are JR-Westrsquos operating area

Source Japan Tourism Agency

Results and Targets for Visitors Using JR-West





Airport and Expressway Networks As of March 31 2018

Haneda Airport

Narita Airport

Chubu International Airport

Kansai

Kobe Airport

Okayama AirportHiroshima

Airport

Yamaguchi Ube Airport

Kitakyushu AirportFukuoka Airport

Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport

Iwakuni KintaikyoAirport

Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport

Hagi Iwami AirportTottori Airport

Tajima Airport

Nanki-Shirahama Airport

KomatsuAirport

Noto Airport

Niigata Airport

Yonago AirportIzumo Airport

Ibaraki Airport

Toyama Airport

Kagoshima AirportKagoshima Airport

Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa

Airport [Expressway]Shinkansen Already constructed Under construction or at planning stage

Notes

1 Travel time for the Shinkansen is the shortest on Nozomi Mizuho and Kagayaki trains Travel time for the airlines is an estimate For airlines in addition to the travel time

required from the airport to the city center the calculation includes 10 minutes of travel time between the Airport Limousine Bus or station nearest the airport to the

boarding gate 20 minutes of waiting time at the boarding gate and 10 minutes from the gate to the Airport Limousine Bus or station nearest the airport

2 Fare for the Shinkansen is the regular Nozomi Mizuho and Kagayaki fare and for airlines is the regular fare The cost includes the passenger facilities usage fee for airports

(yen290 for Haneda Airport and yen310 for Chubu Intl Airport)

Tokyo mdash Fukuoka

Travel Time Fare (yen) Frequency

Shinkansen 4h 46m 22950 31

Airlines 3h 00m 41390 54 (19)

Travel Time and Fare JAL or ANA

Frequency All airlines Numbers in parentheses are

frequency excluding those of JAL or ANA

Tokyo mdash Hiroshima



Airlines 3h 30m 34890 18

Tokyo mdash Kanazawa




Tokyo mdash Okayama




Tokyo mdash Toyama




Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima



Airlines 3h 10m 30000 17 (4)




Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka



Airlines (Itami Airport) 2h 20m 24600 10

Airlines (Kansai Intl Airport) 3h 00m 24600 5 (4)




Aichi mdash Fukuoka



Airlines (Chubu Intl Airport) 2h 30m 28810 125 (55)

Airlines (Komaki Airport) 2h 20m 28500 5




Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto



Airlines 3h 00m 26300 10 (1)




Komaki AirportKomaki AirportKomaki Airport

ShizuokaShizuokaAirportAirport

ShizuokaAirport

NagoyaNagoyaNagoya

Itami AirportItami AirportItami AirportKobeKobeKobeSuitaSuitaSuita

Shin-OsakaShin-OsakaShin-Osaka

Kansai AirportKansai AirportKansai Airport

KurashikiKurashikiKurashiki

HiroshimaHiroshimaHiroshima

International Airport

Kagoshima Airport




Business

Sanyo Shinkansen Line Shinkansen Versus Airlines Years ended March 31

SHARE OF PASSENGER MARKETmdashSHINKANSEN VERSUS AIRLINES

Tokyo ndash Okayama

Tokyo ndash Hiroshima

Tokyo ndash Yamaguchi

Tokyo ndash Fukuoka

Aichi ndash Fukuoka

Kyoto-Osaka-Kobe Areandash Kagoshima

Kyoto-Osaka-Kobe Areandash Kumamoto

Note Each vertical graph bar represents the number of passengers using JR and the number of passengers using airlines the bars indicate the total number of passengers using JR or using airlines compared

to the base year index of 100 (the fiscal year ended March 1997) For the Kyoto-Osaka-Kobe area to Kumamoto and Kagoshima the base year index of 100 (the fiscal year ended March 2008)

Source Ministry of Land Infrastructure Transport and Tourism

852

16

(893)Debut of Grand Hikari

(933)Debut of 300-Series

Nozomi

(951)The Hanshin-Awaji

Earthquake


Nozomi

(003)Debut of Hikari Rail Star

(0310)Timetable Revision

more Nozomi departures

(067)ldquoExpress

ReservationrdquoService Started

(077)Debut of

N700-SeriesNozomi

(113)Direct service operations between the

Sanyo and Kyushu Shinkansen services

JR (Number of passengers)

Airlines (Number of passengers)

JRrsquos Market Share (right)

0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25

Kyoto-Osaka-Kobe Area ndash Fukuoka

Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture

Figures for the fiscal year ended March 2018 are preliminary

856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business


FIVE NEW SHINKANSEN LINES PROPOSED IN 1973 UNDER THE NATIONWIDE SHINKANSEN RAILWAY DEVELOPMENT LAW

Note Hakusan Car Maintenance Center is located from Kanazawa station to the west about 12 kilometers

In Operation

Planned New Shinkansen Line (Under construction)

Planned New Shinkansen Line (To be determined)

PLANNING OF NEW SHINKANSEN LINES As of March 31 2018

TRAVEL TIME AND MARKET SHARE

JRAirlines3 JR market share

before opening4Before opening1 After opening2

Ishikawa mdash

Kanto regionAbout 3h 50m 2h 28m About 2h 50m 383

Toyama mdash


1 Using the Joetsu Shinkansen and Hakutaka limited express train

2 Time required for fastest ldquoKagayakirdquo

3 Includes airport access and egress time

4 Source Statistical survey of Ministry of Land Infrastructure Transport and Tourism (FY20143 preliminary)

Hokuriku Shinkansen

NaganondashHakusan Car Maintenance Center

Opened on March 14 2015

Hakusan Car Maintenance CenterndashTsuruga

Scheduled to be completed by end of FY20233

Line Lines in Operation Approved Zone for Construction Implementation Plan

Expense Burden

Tohoku (MoriokandashAomori)Morioka mdash Shin-Aomori (opened in December 2010 178km)

bull Central government (existing Shinkansen transfer revenues public utilities expenses)

bull Local governments (one-half of the central government)

bull JR (usage fees with the upper limit to be determined by the range of expected benefits)

Hokuriku (TokyondashOsaka)

Takasaki mdash Nagano (opened in October 1997 117km) Nagano mdash Kanazawa (opened in March 2015 228km)

Kanazawa mdash Tsuruga (125km)

Hokkaido (AomorindashSapporo)Shin-Aomori mdash Shin-Hakodate-Hokuto

(opened in March 2016 149km)

Shin-Hakodate-Hokuto mdash Sapporo

(211km)

Kyushu (FukuokandashKagoshima)Hakata mdash Kagoshima-Chuo (opened in March 2011 289km)

Kyushu (FukuokandashNagasaki) Takeo-Onsen mdash Nagasaki (66km)

Oshamanbe

Shin-Hakodate-Hokuto

Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West

Hakusan CarMaintenance Center

Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama

HiroshimaShin-Shimonoseki

Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki

KumamotoShin-Yatsushiro

Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business

Kansai Urban Area Kyoto-Osaka-Kobe Area

TRAFFIC VOLUME (Years ended March 31)

Ten million passenger-kilometers

5 Private Railways in Kyoto-Osaka-Kobe AreaJR-West

Note Figures in parentheses are indexed at the fiscal year ended March 1988 = 100

MAJOR LINES IN KYOTO-OSAKA-KOBE AREA

COMPARISON WITH 5 PRIVATE RAILWAYS IN KYOTO-OSAKA-KOBE AREA MARKET SHARE Traffic Volume Base (Years ended March 31)

Other Railways5 Private Railways in Kyoto-Osaka-Kobe AreaJR-West

Note 5 private railways in Kyoto-Osaka-Kobe area Hankyu Hanshin Keihan Kintetsu and Nankai

Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto

JR-NambaJR-NambaJR-Namba

Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda

YodoyabashiYodoyabashi

NambaNamba

Osaka NambaOsaka Namba

Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai

Route Railway Company Distance

(km)

Normal Fare

(yen)

Train Pass Charges (Business Commuters) Travel Time

(min)Monthly Pass (yen) Six-month Pass (yen)

OsakandashKyoto JR-West 428 560 16530 79310 28

Hankyu (UmedandashKawaramachi) 477 400 15510 83760 42

Keihan (YodoyabashindashSanjo) 493 410 15370 83000 47

OsakandashSannomiya JR-West 306 410 12300 59090 20

Hankyu (UmedandashKobe-Sannomiya) 323 320 12840 69340 27

Hanshin (UmedandashKobe-Sannomiya) 312 320 12840 69340 31

OsakandashTakarazuka JR-West 255 330 10040 48210 24

Hankyu (UmedandashTakarazuka) 233 280 11140 60160 30

TennojindashNara JR-West 375 470 14260 68420 33

Kintetsu (Osaka NambandashKintetsu-Nara) 328 560 19600 105840 36[35]1

TennojindashWakayama JR-West 613 860 25460 124420 60[40]2

Nankai (NambandashWakayamashi) 642 920 25770 139160 58

Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3

Nankai (NambandashKansai-airport) 428 920 31920 172370 43[36]1

Note Travel time assumes the fastest possible method in the daytime on a weekday

1 [ ] denotes the travel time by Limited Express Express charge (yen510) is required

2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1490) is required


1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445

Source Annual Railway Statistical Bulletin

bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station

bull Osaka Higashi Line construction project

Project overview middot Total cost approx 690 billion yen middot Length approx 24 km middot New station plan underground station with two unattached platforms and four train lines

Project leaders middot Construction City of Osaka West Japan Railway Company middot Operations West Japan Railway Company

Project timeline Nov 2015 Construction started Spring 2023 Scheduled switchover to underground operations and opening of a new station

Project overview middot Total cost Approx 1200 billion yen (excl opening of new stations) middot length Approx 203 km middot No of stations 14 (incl existing stations)

Project leaders middot Construction Osaka Soto-Kanjo Railway Co Ltd middot Operations West Japan Railway Company

Project timeline Jun 1999 Construction started on southern part (Hanaten-Kyuhoji) Nov 2007 Construction started on northern part (Shin Osaka-Hanaten) Mar 2008 Opening of southern part (Hanaten-Kyuhoji) (92 km) Spring 2019 Scheduled opening of northern part (Shin Osaka-Hanaten) (111 km)




Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji

DEVELOPMENT in KANSAI URBAN AREA New station names are provisional (As of August 2018)

DEVELOPMENT in OSAKA LOOP LINE AREA

Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport

Hankyu Umeda Station

Hankyu Sanbangai SC

Hankyu Department Store

Daimaru

Department

Store

Hotel Granvia

Osaka

Hanshin Umeda Station

Hanshin Department Store

(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi

Eki Marcheacute Osaka

Yodobashi Camera

(Development plan)

Yodobashi Camera

Umekita Phase II plan

Plann

ed si

te for

new st

ation

Umekita Phase I (Grand Front Osaka)

Osaka Station

JR-West related facilities

Tennoji

Umekoji-Kyoto-NishiNew stationSpring 2019

KyotoRailway MuseumOpened in April 2016

JR SoujijiNew stationOpened in March 2018

Ibaraki Station

improvement and development inside station Spring 2018

Gakkentoshi Line

Osaka Higashi Line(northern part)Hanaten ndash Shin-OsakaSpring 2019

Higashi-HimejiNew stationOpened in March 2016

Maya New stationOpened in March 2016

Nara LineDouble trackSpring 2023

Relocate a portion of a branch line of the Tokaido Line underground and open a new stationSpring 2023

HOTEL VISCHIO OSAKA by GRANVIA

MAJOR PROJECTS

Naniwasuji LineOsaka ndash JR NambaSpring 2031 (Planned)

KizurikamikitaNew stationOpened in March 2018




Business

Non-Transportation Operations (Financial Overview) Years ended March 31

OPERATING INCOME OF NON-TRANSPORTATION OPERATIONSOPERATING REVENUES OF NON-TRANSPORTATION OPERATIONSOPERATING REVENUES BY SEGMENTYear ended March 31 2018 (Billions of yen)

Other businesses

Real estate

Ratio of non-transportationoperations(Right axis)

Retail

SALES OF GOODS AND FOOD SERVICES

Retail

Operating income(Right axis)

Operating revenues(Left axis)









Figures in bracketslt gt are the sales ofcondominiums(Revenues from thirdparties) (Included inReal estate leaseand sale)(Left axis)



SHOPPING CENTER OPERATIONS

Real estate

HOTELS

Other businesses

DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY

Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail

Notes 1 Operating revenues are the revenues from third parties ( = customers) The breakdown of operating revenues by each segment is the sum of revenues of major subsidiaries

2 The breakdown of operating income by each segment is the sum of incomes of major subsidiaries before eliminating internal transactions

634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356

Billions of yen Billions of yen

minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200

lt31gtlt31gt lt25gtlt25gtlt48gtlt48gt

lt107gtlt107gtlt69gtlt69gt

lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492

lt195gtlt195gtlt195gt

116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500





Eki Marcheacute details

0

200

400

600

FY20173 FY20183FY20163FY20153


Business Names of major stores No of stores

Sales of Goods Seven-Eleven

Eki Marcheacute

episode

Garland of Dew

DELI CAFE

ESTACIOacuteN CAFEacute

KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19

Seven-Eleven franchised stores

Commercial facilities inside stations

Variety and general goods stores inside stations

Selected accessory shops

Self-service cafeacutes

Full-service cafeacutes inside stations

Urban full-service cafeacutes

Fast food noodle shops

Shops specializing in train station boxed lunches

Accommodation-oriented budget hotels

Food Services

Other

Overview

Department StoreLocation of VIA INN

Major Store Opened Commercial floor

space

JR Kyoto Isetan Sept 1997 Approx 44200 m2 Including the commercial facility inside stations SUVACO

Comments

Name Opened Floor space

Eki Marcheacute Takarazuka


Eki Marcheacute Shin-Osaka

Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku

VIA INN Higashi Ginza

VIA INN Okayama

VIA INN Nagoya Shinkansen Gate

VIA INN Shinsaibashi Nagahoridori

VIA INN Asakusa2

VIA INN Hiroshima Kanayamacho2

VIA INN Abeno Tennoji

VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms

VIA INN Shimonoseki 1

VIA INN Shin Osaka

VIA INN Shin Osaka West

VIA INN Himeji

VIA INN Hiroshima

VIA INN Kyoto Shijo Muromachi

VIA INN Kanazawa

VIA INN Tokyo Oimachi

VIA INN Akihabara

VIA INN Shinsaibashi

Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283

205 1 Unconsolidated business

2 Other Business segment

Business

Non-Transportation Operations (Retail Business) As of March 31 2018

Number of Seven-Eleven franchised stores

VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365




Shopping Center Operations

Business

Non-Transportation Operations (Real Estate Business) As of March 31 2018

List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI

Shopping Centers (No of facilities 44)

SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800

Real Estate Lease and Sale

List of major facilities

Commercial facilities Office buildings

Facility name Date opened

Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space

Shin-Osaka Station Front Chuo Building

North Gate Building (Office)

JR Kobe Station NK Building

Hiroshima Inarimachi NK Building

June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2

Condominiums and detached houses

Major recent condominium properties

Property name Date of delivery

Total units

JGRAN L IBARAKI

Maya City COMFORT

Diasta Waseda Suwadori

Diasta Musashino Midorinotei

Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units

Diasta Kajigaya Hills

Diaesta Mio Fukumachi Urban

Diaesta Mio Tarumi Kaigan-dori

Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28

Development of station buildings and surrounding areas of stations

Leasing space

Number of condominiums completed (cumulative)

domiciles

0

2000

4000

10000

8000

6000

Note Does not take into account business shares in joint ventures

Note Includes other segments and unconsolidated SC

MARIER Toyama

Kanazawa Hyakubangai

Prism Fukui

Shopping Mall Kyoto Porta

SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka

Kyoto Station Building Shop Street The CUBE

Okayama Ichi Ban Gai

SUN STATION TERRACE OKAYAMA

SUN STATION TERRACE FUKUYAMA

SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI

Hiroshima station buildingASSE

JR Kanazawa Station West Gate No1 NK Building

Port Side Dia Building

JR Amagasaki Station North Gate NK Building

SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2

Retail Business Segment

FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173

2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570

GRACIA CITY KAWASAKI DAISHIGAWARA

PROUD CITY TSUKAGUCHI MARK FOREST

JGRAN THE HONOR SHIMOGAMO TADASU NO MORI




Data

Uses of Cash Flows

CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31

Billions of yen

CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31

Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0

Dividends Years ended March 31

Yen

Capital Expenditures (Consolidated Non-Consolidated)

Note One common share is divided into 100 shares from July 1 2011 Dividends per share have been

recalculated based on the number of shares after division

Safety-related Other Depreciation and Amortization Dividend per Share (yen) Payout Ratio () (Right axis)

Long-Term Debt and Payables (Consolidated)

0

6

3

0

2000

1500

1000

500

LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31

Billions of yen

LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31

Billions of yen

Bonds Other Average Interest Rate (Right axis)

2000

1500

1000

500

0

6

3

0

Long-Term Debt and Payables (Consolidated Non-Consolidated)

BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2017)

LiabilityBalance

Billions of yen

Interest Rate

Term Payment Recipient

No 1 mdash mdash 255until Mar 2017

Japan Railway Construction Transport and Technology AgencyNo 2 mdash mdash 255

until Mar 2017

No 3 1038 Fixed 655 60until Sept 2051

Average Interest Rate (Consolidated) (Right axis)

Average interest rate before FY ended March 1999 was calculated as follows

Average Interest Rate = [Interest Expenses + Interest on Bonds] [(Long-term Debt and Payables at the end of the previous fiscal year + Long-term Debt and Payables at the end of the fiscal year under review) 2]

Shinkansen Purchase Liability

Years

Capital Expenditures (Consolidated Own Funds) Depreciation and Amortization (Consolidated)

1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15

FS2018_Data_Eng_P15xlsx




Data

Employees (Consolidated Non-Consolidated)

NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1

NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31

Number of people

NEW EMPLOYEES (Non-Consolidated) FY ended March 31

AGE DISTRIBUTION (Non-Consolidated) As of April 1 2018

Other BusinessesReal EstateRetailTransportation

Non-Consolidated

Note Beginning the fiscal year ended March 2007 a new personnel system was adopted that promoted contract employees during the year to the status of full employees

These employee figures have been included in the fiscal year ended March 2007 and for years thereafter

(Please note however that in the fiscal year ending March 2019 this figure represents employees who joined the Company on April 1 2018)

The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career

Number of people Number of people

Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data

Management Indicators Years ended March 31

Consolidated

Operating Income Ratio ()

Recurring Profit Ratio ()

Return on Operating Revenues ()

Return on Total Assets (ROA) ()1

Return on Equity (ROE) ()2

Current Ratio ()

Equity Ratio ()

Debt-Equity Ratio (times)3

Interest-coverage Ratio (times)

EBITDA (yen billions)4

Earnings (Net Income) per Share (EPS) (yen)

Book-value (Net Assets) per Share (BPS) (yen)5

Dividend per Share (yen)

Payout Ratio ()

Dividend on Equity (DOE) ()6

Rate of total distribution on net assets ()7

ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)

ConsolidatedNon-Consolidated Ratio(Net Income) (times)

Non-Consolidated




Note Results before fiscal year ended March 1998 = Before Enterprise Tax Readjustment

1 Return on Total Assets (ROA) = Operating Income [(Total Assets at the end of the previous fiscal year + Total Assets at the end of the fiscal year under review) 2]

2 Return on Equity (ROE) = Net Income [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]

3 Debt-Equity Ratio = Long-term Debt and Payables Total Shareholdersrsquo Equity

4 EBITDA = Operating Income (After Enterprise Tax Readjustment) + Depreciation Expense + Amortization of goodwill

5 Book-value (Net Assets) per Share (BPS) = Equity at the end of the fiscal year under review Number of Shares at the end of the fiscal year under review

6 Dividend on Equity (DOE) = Dividend per Share [(BPS at the end of the previous fiscal year + BPS at the end of the fiscal year under review) 2]

7 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) consolidated net assets

8 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share

92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data

Consolidated Financial Data Years ended March 31

Total Assets

Total Liabilities

Total Shareholdersrsquo Equity

Non-Controlling Interests5

Net Assets6

Operating Revenues (Revenues from third parties)

Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses

Elimination and intergroup

Non-operating revenues

Non-operating expenses

Balance of financial expenses

Interest and dividend income

Interest expenses

Recurring Profit

Extraordinary profit (loss)

Extraordinary profit

Extraordinary loss


Cash Flows From Operating Activities (A)

Cash Flows From Investing Activities (B)

Free Cash Flows (A+B)

Cash Flows From Financing Activities (C)

Net increase (decrease) in cash equivalents (A+B+C)

(Billions of yen)

Note Figures in parentheses are negative values Record high figures

1 The Hanshin-Awaji Earthquake struck in January 1995

2 Kyoto Station Building opened in September 1997

3 In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC) the Company paid yen445 billion to the Japan Railways Group Mutual Aid Association in March 1999

4 Since the fiscal year ended March 2001 the food and beverages business which had been previously included in the ldquoOther businessesrdquo segment has been included in the ldquoSales of goods and food servicesrdquo segment in accordance with the restructuring of related subsidiaries To describe their businesses properly the ldquoSales of goodsrdquo

segment has changed its name to the ldquoSales of goods and food servicesrdquo segment Also two subsidiaries have been transferred to the ldquoReal estaterdquo segment from the ldquoSales of goodsrdquo segment

5 Non-Controlling Interests were included in liabilities prior to the fiscal year ended March 1998 and are accounted for as part of net assets from the fiscal year ended March 2007 All these are indicated by [ ]

6 ldquoShareholdersrsquo Equityrdquo has been replaced by ldquoNet Assetsrdquo pursuant to Japanrsquos Companies Act which came into force on May 1 2006 The disclosure of related figures and items has been adjusted to reflect this change

92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data

Non-Consolidated Financial Data Years ended March 31

Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation

Transportation incidentals

Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary

Retirement payment costs

Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes

Depreciation and amortization

Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)



2 Accounting items pertaining to enterprise tax have changed since the fiscal year ended March 1999 due to amendments to regulations governing the presentation of financial statements in Japan enacted in October 1998

In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC) the Company paid yen445 billion to the Japan Railways Group Mutual Aid Association in March 1999

3 Size-based corporate tax (part of enterprise tax) has been included in ldquoTaxesrdquo since the fiscal year ended March 2005


(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data

Transportation Revenues Years ended March 31

Railway Consumption tax

Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total

Other Lines Commuter

Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total

Revenues from Shinkansen

Revenues from Kansai Urban Area

(Kyoto-Osaka-Kobe Area)

Revenues from Other Lines

Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures

1 We have revised the allocation method for revenue from non-commuter passes on conventional lines (Kansai Urban Area and Other Lines) from the fiscal year ended March 2014 Figures in the above chart for the fiscal year ended March 2013 have been retroactively calculated based on the new allocation method Under the previous allocation method

transportation revenues for Kansai Urban Area and Other Lines in that fiscal year totaled yen2914 billion and yen1206 billion respectively

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data

Transportation Data Years ended March 31

Passenger-Kilometers (Millions)1

Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Number of Railway Passengers (Millions)

Shinkansen

Conventional Lines

Total2

Train-Kilometers (Millions)3

Shinkansen

Conventional Lines

Total

Passenger Car-Kilometers (Millions)4

Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4

Passenger-Kilometers the total of the number of passengers times the number of kilometers each traveled

Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger in the row marked ldquoTotalrdquo

Train-Kilometers the total distance traveled by all trains

Passenger Car-Kilometers the total of the numbers of cars in the train times the number of kilometers each train traveled

P21





Other


THE PRICE-CAP METHOD UNDER THE TOTAL-COST METHOD

bull Railway companies are required to obtain approval from the Minister of the Ministry of Land

Infrastructure Transport and Tourism (MLIT) prior to establishing or adjusting the upper limit on

basic railway fares or express charges for Shinkansen services

bull Prior notification is only required to be submitted to the Minister of the MLIT when newly establish-

ing or adjusting basic railway fares or express charges for Shinkansen services other express train

services or other train services if the amount of the fare or charge after its establishment or after its

adjustment is below the upper limit

bull Prior to giving approval for establishing or adjusting the upper limit on basic railway fares the

Minister of the MLIT must confirm that the new upper limit does not exceed ldquototal costrdquo which is

the sum of the proper operating costs incurred by the relevant railway companies if it were to carry

out efficient management and the proper profit calculated pursuant to specified methods

bull The calculation of total cost is as follows

Total cost = Operating costs etc + Operational return

Operating costs etc = Optimal cost calculated by ldquoYard-stick formulardquo + Taxes depreciation etc

Operational return = Assets utilized in railway business operations (rate base) times Operational return rate

Notes 1 Assets utilized in railway business operations = Fixed assets for railway operations + Construction in progress + Deferred assets + Operating capital

2 Operational return rate = Equity ratio (30) times Return rate on equity + Borrowed capital ratio (70) times Return rate on borrowed capital

3 Return rate on equity is the average of the subscriber bond yield all-industry average return rate on equity and required level of dividends on equity

4 Return rate on borrowed capital is the actual average rate of loans etc

Expenses

Dividends etc

Interest expense

Optimal cost

calculated by

ldquoYard-stick formulardquo

(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost

WEST JAPAN RAILWAY COMPANY

4-24 Shibata 2-chome Kita-ku Osaka 530-8341 Japan

Cautionary Statement Regarding Forward-Looking Statements

These Fact Sheets contain forward-looking statements that are based on

JR-Westrsquos current expectations assumptions estimates and projections

about its business industry and capital markets around the world

These forward-looking statements are subject to various risks and uncertainties

Generally these forward-looking statements can be identified by the use of

forward-looking terminology such as ldquomayrdquo ldquowillrdquo ldquoexpectrdquo ldquoanticipaterdquo

ldquoestimaterdquo and ldquoplanrdquo or similar words These statements discuss future

expectations identify strategies contain projections of results of operations or

of JR-Westrsquos financial condition or state other forward-looking information

Known or unknown risks uncertainties and other factors could cause the

actual results to differ materially from those contained in any forward-looking

statements JR-West cannot promise that the expectations expressed in

these forward-looking statements will turn out to be correct JR-Westrsquos actual

results could be materially different from and worse than expectations

Important risks and factors that could cause actual results to be materially

different from expectations include but are not limited to

bull expenses liability loss of revenue or adverse publicity associated with

property or casualty losses

bull economic downturn deflation and population decreases

bull adverse changes for the Company in laws regulations and government

policies in Japan

bull service improvements price reductions and other strategies undertaken

by competitors such as passenger railway and airline companies

bull earthquake other natural disaster risks and failure of computer telecom-

munications systems disrupting railway or other operations

All forward-looking statements in these Fact Sheets are made as of August

31 2018 based on information available to JR-West and JR-West does not

undertake to update or revise any of its forward-looking statements or reflect

future events or circumstances

00_jr_fact_2018e_cover_180807

01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907


Passenger-Kilometers Millions

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen Commuter 71 100 137 193 268 333 385 392 423 475 493 513 513 521 540 554 587 620 630 650 679 697 708 718 722 736 762 743 804 815 846

Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines

Kyoto-Osaka-Kobe Area ldquoUrban Networkrdquo Commuter 12399 12956 13428 14333 15199 16007 16347 16658 17730 17821 17909 18045 17975 17995 18031 17922 18139 18326 18280 18536 18659 18648 18391 18352 18440 18398 18724 18356 18714 18689 18787

Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872

Other conventional lines Commuter 4222 4373 4423 4613 4715 4777 5026 5061 5002 4964 4789 4732 4654 4578 4485 4410 4425 4430 4428 4385 4393 4396 4326 4340 4348 4330 4433 4201 4050 4033 4043

Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397

Subtotal Commuter 16621 17329 17851 18946 19915 20784 21373 21719 22733 22786 22699 22777 22629 22574 22516 22332 22564 22757 22708 22922 23052 23044 22718 22692 22788 22728 23157 22557 22764 22723 22831

Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291

Passenger-Kilometers the total number of passengers times the number of kilometers each traveled

Number of Railway Passengers Millions

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85

Conventional lines 1454 1520 1553 1641 1691 1728 1754 1762 1837 1839 1821 1798 1779 1769 1768 1730 1746 1744 1746 1757 1770 1778 1731 1732 1749 1763 1806 1784 1816 1826 1847

Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913

Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger

Train-Kilometers Millions

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187


Passenger Car-Kilometers Millions

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349

Passenter Car-Kilometers the total of the numbers of cars in the train times the number of kilometers each train traveled


Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678

Luggage and ferry 08 08 08 07 07 07 07 06 06 06 06 05 05 05 05 05 05 04 04 04 04 04 00 00 00 00 00 00 00 00 00

Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678

1 2014年3月期より「近畿圏」と「その他」の配分方法を見直しました新しい配分方法による2013年3月期の「近畿圏」の鉄道運輸収入計は2889億円「その他」の鉄道運輸収入計は1230億円です（英文は後ほど考えます）エイブン We have revised the allocation method for revenue from non-commuter passes on conventional lines (Kansai Urban Area and Other Lines) from the fiscal year ended March 2014 Figures in the above chart for the fiscal year ended March 2013 have been retroactively calculated based on the new allocation method

Under the previous allocation method transportation revenues for Kansai Urban Area and Other Lines in that fiscal year totaled 2914 billion and 1206 billion respectively


Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593

Total Liabilities 12832 11759 10876 10969 20584 20460 20477 20775 20046 20167 19493 19299 18859 18444 17470 17061 16875 16237 15999 16185 16705 16543 17188 18243 17933 17216 17531 18128 18337 18890 18976

Total Shareholdersrsquo Equity 1570 1616 1874 2172 2386 2604 2801 2775 2932 3166 3278 3120 3466 4033 3886 4107 4393 4743 5022 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash

Total Net Assets4 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash 5333 5524 5607 5681 5813 5883 6116 6394 6315 6660 7099 7617

Operating Revenues 7631 8071 8343 8923 9172 9225 9376 8741 9362 9560 9460 9094 8851 8814 8698 8490 8458 8464 8512 8658 8794 8750 8167 8286 8621 8685 8736 8909 9542 9561 9762

Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678

Transportation incidentals 260 205 236 250 261 268 262 261 255 269 273 271 261 246 246 238 230 228 225 225 222 218 201 195 195 191 191 184 183 180 178

Other operations 44 120 107 122 149 160 228 182 185 181 213 205 199 186 183 184 185 177 177 182 196 209 211 218 232 236 231 236 260 272 284

Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621

Operating Expenses 6923 7277 7433 7698 7894 7782 8010 7730 7959 8259 8311 7967 7860 7844 7703 7457 7404 7364 7423 7568 7696 7729 7582 7528 7728 7661 7718 7789 8170 8206 8319

Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120

Retirement payment costs 120 167 484 215 212 294 286 297 345 448 507 603 650 614 602 570 569 562 543 574 564 562 563 255 263 227 217 177 166 96 94

Non-personnel costs 2299 2386 2598 3011 3119 2947 3172 2955 3057 3265 3012 2777 2765 2750 2812 2882 2910 3005 3200 3379 3388 3339 3186 3334 3395 3427 3516 3690 3924 3943 4076

Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440

Maintenance costs 879 995 1118 1399 1432 1274 1364 1248 1284 1467 1209 1080 1123 1143 1168 1226 1219 1271 1407 1489 1486 1358 1281 1358 1333 1365 1390 1467 1528 1571 1614

Miscellaneous costs 1025 1006 1076 1179 1252 1236 1369 1292 1340 1373 1365 1292 1249 1224 1251 1271 1324 1364 1444 1545 1558 1598 1569 1638 1699 1691 1695 1769 1954 1966 2021

Shinkansen fees 943 943 740 740 366 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash

Rental payments etc 55 56 58 58 58 58 59 79 90 100 230 228 238 315 313 310 308 246 247 246 246 253 250 251 236 234 236 187 269 302 302

Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357

Enterprise tax 16 31 41 82 78 67 72 02 85 65 65 mdash mdash mdash mdash mdash mdash 20 19 18 18 17 15 15 15 16 16 15 26 42 43

Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283

City planning taxes 04 04 10 11 12 14 15 16 17 18 26 27 27 26 25 24 22 21 20 19 20 21 21 21 21 21 21 21 21 22 22

Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07

Depreciation and amortization 851 1127 880 798 1099 1333 1215 1144 1100 1112 1102 1070 1044 1018 971 954 957 945 925 935 1075 1159 1199 1291 1407 1347 1293 1260 1323 1376 1368

Operating Income 708 793 909 1224 1278 1443 1365 1011 1403 1300 1148 1127 990 970 995 1032 1054 1100 1089 1089 1098 1020 585 758 892 1023 1017 1120 1372 1354 1443

Non-operating revenues 89 142 100 129 114 124 148 117 106 89 71 72 75 72 62 53 51 50 52 55 62 67 60 70 71 64 65 65 63 61 62

Non-operating expenses 717 762 607 479 732 1009 967 924 954 830 736 694 642 608 517 472 456 407 382 367 360 354 347 343 335 311 283 264 268 231 219

Recurring Profit 80 172 402 875 661 557 547 204 556 560 483 505 423 434 540 613 650 743 759 776 799 734 298 485 628 775 799 921 1167 1184 1286

Extraordinary profit (loss) 11 09 19 (269) 06 11 11 (115) 04 26 05 (505) 19 16 54 15 34 77 (189) (18) (38) 11 44 (04) (17) 01 12 (45) (155) (165) (92)

Extraordinary profit 83 105 182 192 157 298 296 398 620 441 499 431 483 1074 1051 426 1090 736 767 451 409 703 528 489 231 399 238 606 195 183 298

Extraordinary loss 71 96 163 462 151 286 284 513 616 414 494 936 463 1058 996 411 1055 658 956 470 448 692 483 494 248 397 226 651 350 349 390

Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807

Note Figures in parentheses are negative values







Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729

Total Liabilities 21292 21191 21200 22945 22787 23458 23004 22480 21970 21465 19864 19708 19069 18144 17639 17638 17919 17722 18442 19511 19094 18485 18805 19397 19168 19752 19566

Total Shareholdersrsquo Equity 2426 2654 2864 2829 2982 3242 3318 3126 3488 4136 4114 4405 4797 5243 5642 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash

Non-Controlling Interests5 [49] [57] [57] [139] [149] [156] [134] 135 152 161 188 213 235 254 277 [303] [321] [329] [329] [324] [301] [224] [234] [454] [485] [921] 953

Net Assets6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash 6378 6708 6896 7021 7212 7335 7681 8073 8467 9263 10326 11163

Operating Revenues (Revenues from third parties) 10785 10875 11094 10928 11793 12092 12291 12050 11910 11955 11906 11655 12157 12208 12400 12629 12901 12753 11901 12135 12876 12989 13310 13503 14513 14414 15004

Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508

Sales of goods and food services mdash mdash mdash mdash mdash mdash mdash mdash mdash 1922 1952 1930 1968 1966 2039 2081 2128 2153 2019 2013 2335 2346 2401 2201 2320 2339 2398

Sales of goods 1212 1241 1253 1318 1375 1355 1627 1742 1746 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash

Real estate mdash mdash mdash mdash 375 405 416 394 489 568 576 572 579 588 628 627 767 711 709 757 935 909 1022 872 1088 1095 1396

Other businesses 560 589 710 1152 887 982 1033 1020 1018 831 854 837 1332 1358 1387 1434 1393 1326 1196 1299 1214 1284 1371 1744 1815 1688 1700

Operating Income 1326 1479 1406 1019 1476 1366 1181 1179 1077 1118 1176 1226 1269 1331 1352 1353 1374 1225 765 959 1097 1294 1345 1397 1815 1763 1913

Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303

Sales of goods and food services mdash mdash mdash mdash mdash mdash mdash mdash mdash 38 47 43 56 52 59 50 52 47 31 35 (29) (04) 44 15 53 52 72

Sales of goods 14 06 08 (02) 07 03 00 04 20 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash



Elimination and intergroup 03 01 (00) (08) 01 (12) (10) (12) (08) (00) (07) (05) (08) (06) (07) (07) (10) (07) (10) (06) (03) (04) (05) (33) (41) (33) (20)

Non-operating revenues 132 138 158 137 122 109 85 91 99 93 82 63 73 62 74 71 79 82 76 94 79 68 77 90 78 80 90

Non-operating expenses 741 1017 975 914 983 859 785 753 700 651 558 502 484 434 405 383 364 358 360 365 352 316 294 268 271 237 226

Balance of financial expenses mdash mdash mdash mdash (818) (748) (717) (704) (669) (618) (538) (488) (453) (423) (394) (369) (349) (340) (336) (333) (324) (300) (275) (249) (233) (216) (202)

Interest and dividends income mdash mdash mdash mdash 25 16 17 15 10 13 05 02 03 03 03 03 04 05 06 04 04 03 05 09 07 06 07

Interest expenses mdash mdash mdash mdash 843 765 735 720 680 631 543 491 457 426 397 372 354 345 343 337 329 304 280 258 241 223 209

Recurring Profit 717 600 589 242 615 616 480 517 476 560 700 787 858 959 1021 1041 1088 948 481 689 824 1046 1129 1219 1622 1607 1777

Extraordinary profit(loss) 05 07 10 (135) 02 29 (07) (511) (34) (08) 132 (11) 28 94 (222) (32) (72) (01) (44) (79) (22) (49) (12) 07 (171) (230) (71)

Extraordinary profit 158 304 297 450 630 459 549 447 518 1091 1092 445 1109 792 785 473 446 726 544 511 276 415 263 695 215 196 328

Extraordinary loss 152 297 287 586 628 430 557 959 553 1099 960 456 1080 697 1008 506 519 728 588 590 298 465 276 687 386 426 399

Profit attributable to owners of parent 378 329 311 82 273 356 199 (90) 250 309 455 416 470 589 465 567 577 545 248 349 294 601 656 667 858 912 1104

Cash Flows From Operating Activities(A) mdash mdash mdash mdash mdash mdash mdash mdash 1547 1387 995 1302 1402 1429 1640 1886 2221 1788 1613 2232 2062 2380 2377 2236 2598 2341 2751

Cash Flows From Investing Activities(B) mdash mdash mdash mdash mdash mdash mdash mdash (992) 94 177 (633) (916) (849) (1017) (1317) (1792) (1726) (2087) (2462) (1991) (1547) (1653) (2129) (2332) (2958) (1663)

Free Cash Flows(A+B) mdash mdash mdash mdash mdash mdash mdash mdash 555 1481 1173 668 485 580 623 568 429 61 (474) (230) 70 832 723 107 266 (616) 1087

Cash Flows From Financing Activities (C) mdash mdash mdash mdash mdash mdash mdash mdash (665) (1332) (1671) (715) (679) (664) (693) (546) (558) (101) 546 514 (368) (852) (478) 16 (313) 443 (714)

Net increase (decrease) in cash equivalents (A+B+C) mdash mdash mdash mdash mdash mdash mdash mdash (80) 148 (497) (47) (186) (84) (68) 21 (129) (34) 99 284 (291) (19) 245 123 (46) (173) 373





4 Since the fiscal year ended March 2001 the food and beverages business which had been previously included in the ldquoOther businessesrdquo segment has been included in the ldquoSales of goods and food servicesrdquo segment

in accordance with the restructuring of related subsidiaries To describe their businesses properly the ldquoSales of goodsrdquo segment has changed its name to the ldquoSales of goods and food servicesrdquo segment

Also two subsidiaries have been transferred to the ldquoReal estate businessrdquo segment from the ldquoSales of goodsrdquo segment

5 Non-Controlling Interests were included in liabilities prior to the fiscal year ended March 1998 and are accounted for as part of net assets from the fiscal year ended March 2007 All these are indicated by ( )



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated

Operating Income Ratio () 123 136 127 93 125 113 96 98 90 94 99 105 104 109 109 107 107 96 64 79 85 100 101 104 125 122 128

Recurring Profit Ratio () 66 55 53 22 52 51 39 43 40 47 59 68 71 79 82 82 84 74 40 57 64 81 85 90 112 112 118

Return on Operating Revenues () 35 30 28 08 23 29 16 (07) 21 26 38 36 39 48 38 45 45 43 21 29 23 46 49 49 59 63 74

Return on Total Assets (ROA) ()1 71 62 59 41 57 52 45 45 42 44 47 51 52 56 57 57 56 50 31 37 41 49 51 51 64 60 63

Return on Equity (ROE) ()2 164 130 113 29 94 115 61 (28) 76 81 110 98 102 118 85 97 93 84 37 52 42 83 86 84 102 100 113

Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332

Debt-Equity Ratio (times)3 66 58 52 55 50 47 47 50 43 33 31 27 24 21 18 16 15 15 16 16 15 13 13 13 11 11 10

Interest-coverage Ratio (times) 19 16 16 13 18 18 16 17 16 18 22 25 28 31 34 36 39 36 22 29 33 43 48 54 75 79 92

EBITDA ( billions)4 mdash mdash mdash mdash 2695 2608 2442 2429 2304 2319 2328 2357 2423 2469 2471 2481 2654 2595 2184 2468 2791 2903 2885 2893 3381 3391 3561

Earnings (Net Income) per Share (EPS) () 18948 16454 15593 4102 13699 17819 9966 (4507) 12546 15481 22769 20740 23423 29463 23282 28415 28954 27729 12837 18066 15229 31087 33898 34458 44353 47152 57072

Book-value (Net Assets) per Share(BPS) ()5 121322 132724 3 141496 149118 162133 165917 156309 174424 206823 205740 220285 239876 262233 282245 303906 322294 339113 345568 355712 363241 385082 404831 413865 453429 485750 527342

Dividend per Share () 5000 5000 5000 5000 5000 6000 5000 5000 5000 5000 5000 5000 6500 6000 6000 6000 6000 7000 7000 8000 90 110 115 125 135 140 160

Payout Ratio () 264 304 321 1219 365 337 502 mdash 399 323 220 241 278 204 258 211 207 252 545 443 591 354 339 363 304 297 280

Dividend on Equity (DOE) ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash 22 20 19 21 20 23 25 29 29 31 31 30 32

Rate of total distribution on net assets ()7 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash 29 31 31 30 32

Consolidated Non-Consolidated Ratio(Operating Revenues) (times) 113 118 118 125 mdash 126 130 133 135 136 137 137 144 144 146 146 147 146 146 146 149 150 152 152 152 151 154

ConsolidatedNon-Consolidated Ratio(Net Income) (times) 104 103 104 108 106 106 085 mdash 098 119 140 124 126 123 132 127 128 123 121 123 133 144 135 141 140 129 137

Non-Consolidated













Uses of Cash Flows

Capital Expenditures (Own Funds) Years ended March 31

Consolidated Billions of yen

96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Capital Expenditures 1715 2031 1550 968 1006 863 883 1054 1208 1131 1253 1449 1879 1639 2101 2600 1954 1529 1667 2256 2331 1924 1694

Depreciation and Amortization 1219 1241 1261 1250 1226 1200 1151 1130 1153 1136 1119 1128 1280 1370 1419 1508 1693 1608 1539 1495 1566 1627 1635

Non-Consolidated Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Capital Expenditures 382 468 544 774 922 970 992 1378 1190 1371 940 844 1000 718 892 857 1023 928 1063 1172 1596 1284 1655 2085 1508 1248 1445 1864 1987 1598 1278

Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832

Depreciation and Amortization 851 1127 880 798 1099 1333 1215 1144 1100 1112 1102 1070 1044 1018 971 964 957 945 925 935 1075 1159 1199 1291 1407 1347 1293 1260 1323 1376 1368

Dividends Years ended March 31 yen

92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Dividend per Share 50 50 50 50 50 60 50 50 50 50 50 50 65 60 60 60 60 70 70 80 90 110 115 125 135 140 160

Payout Ratio 264 304 321 1219 365 337 502 mdash 399 323 220 241 278 204 258 211 207 252 545 443 591 354 339 363 304 297 280

Note One common share is divided into 100 hsares on July 1 2011 Divided per share have been recaluculatd based on the number of shares after division

Long-Term Debt and Payables As of March 31


97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Long-Term Debtand Payables 15391 15629 15544 14989 13856 12579 12007 11385 10816 10249 9867 9572 9532 10389 11026 10688 9830 9807 10042 10018 10379 10322

Average Interest Rate 504 474 462 436 424 402 396 382 378 371 362 356 349 319 297 286 284 263 240 225 197 186


97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Shinkansen Purchase Liability 8730 8424 8105 7757 7426 6342 6001 5653 5284 4905 4550 4192 3852 3523 3229 2845 2442 2051 1676 1346 1046 1038

Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Note Percentages of operating income and total assets calculated excluding consolidation adjustment amounts

637

33

198

132

516356

128

674

38

185

103

634

160

93

113

Corporate Overview


CORPORATE PROFILE As of March 31 2018 As of March 31 2018

TOTAL ASSETS (As of March 31 2018)

REVENUE COMPOSITION FY ended March 31 2018

Number of passengers Total 1913 million Shinkansen 85 million Conventional lines 1847 million Kansai Urban Area 1537 million Other 366 million

Passenger-kilometers Total 59291 million Shinkansen 21022 million Conventional lines 38269 million Kansai Urban Area 29872 million Other 8397 million

Train-kilometers per day Total 512 thousand Shinkansen 124 thousand Conventional lines 388 thousand

Transportationbull Railway ServicesTotal route length 50087 kilometers Shinkansen 8126 kilometers Conventional lines 41961 kilometers

Number of stations 1202

Number of passenger cars 6498

bull Bus Servicesbull Ferry Services

Retail Sales of goods and food services department store wholesale of various goods

Real Estate Shopping center operations real estate lease and sale

Other Businesses Hotel services travel services rental of goodsconstruction etc

BUSINESSES

OPERATING REVENUES(REVENUES FROM THIRD PARTIES)












Shinkansen yen4477 billion


yen3090 billion

Other Conventional Lines yen1110 billion


Total

yen15004 billion

OPERATING INCOME

Total

yen1913 billion

RAILWAY REVENUES

Total

yen8678 billion

Total

yen30729 billion

The total route length is the sum of the Shinkansen

and conventional lines

Date of establishment April 1 1987

Common stock yen100 billion

Shares outstanding 193735000

Employees at work 25291 (non-consolidated) 47869 (consolidated)

Number of subsidiaries 153 (incl 64 consolidated subsidiaries)




KyushuShinkansen

Sanyo Shinkansen

(JR-West)

Tokaido Shinkansen

Tokyo

Takasaki

Joetsu Myoko

Toyama

Kanazawa

Osaka

Kyoto

Nagano

Mie

Toyama

Ishikawa

Fukui

Shiga

NaraWakayama

Kyoto Nagoya

Shin-Osaka

Shinagawa

Hiroshima

Tottori

HyogoShimane

Okayama

Fukuoka

Shin-KobeOkayama

Hiroshima

Kokura

Hakata

Kumamoto

Kagoshima-Chuo


100km

100mile

Conventional Lines

Kansai Urban Area


Sanyo Shinkansen

Hokuriku Shinkansen

HokurikuShinkansen

(JR-East)

HokurikuShinkansen

KansaiUrban Area

Kyobashi

Osaka

Tennoji

Wakayama

Kansai-airport

Kobe

Amagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

HimejiAioi

Kyoto

Omi-Shiotsu

KusatsuYamashina

NaraOji

Takada

Tsuge

Shin-Osaka

Maibara



Intercity Lines

Regional Lines

Kameyama





CONVENTIONAL LINES



Wakura-onsen







SHINKANSEN



Kagoshima-Chuo










Corporate Overview

Service Area

NoteNote




As of March 31 2018

Transportation

Retail

Real Estate

Other Businesses

Railway Services


Shopping Centers

Hotels










Subsidiaries







Main subsidiaries




Department Store






areas of stations


Main subsidiaries








Subsidiaries




















Corporate Overview
















Billions of yen

(Billions of yen)

20000

15000

10000










Other

Real EstateBusiness

RetailBusiness


Capex forgrowth


yen710 billion


yen280 billion

Capex for growth

yen130 billion

Equity investment

yen490 billion

Safetycapex

Around2030

yen2 trillion


Enhancing safety






Operating Revenues

Transportation

Retail

Real estate

Other businesses

Operating Income

Transportation

Retail

Real estate

Other businesses

Recurring Profit


EBITDA

ROA

ROE


15004

9508

2398

1396

1700

1913

1303

72

357

199

1777

1104

3561

63

113

8678

16300

9775

2810

1685

2030

[2180] 2100

1395

100

415

230

[2050] 1970

[1340] 1280

[4080] 4000

Mid-6 range

Approx 10

8900

yen1120 billion



+1295

+266

+411

+288

+329

[+266] +186

+91

+27

+57

+30

[+272] +192

[+235] +175

[+518] +438

ndash

ndash

+221


Safetycapex

yen810 billion

yen460 billion



Capitalexpenditure



(CF)


Debt reduction

Dividends




Corporate Overview


















JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu







Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total


Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total


Nagoya Area

Kyushu Area

Japan









1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori


Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano




FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

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09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

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17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

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22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





KyushuShinkansen

Sanyo Shinkansen

(JR-West)

Tokaido Shinkansen

Tokyo

Takasaki

Joetsu Myoko

Toyama

Kanazawa

Osaka

Kyoto

Nagano

Mie

Toyama

Ishikawa

Fukui

Shiga

NaraWakayama

Kyoto Nagoya

Shin-Osaka

Shinagawa

Hiroshima

Tottori

HyogoShimane

Okayama

Fukuoka

Shin-KobeOkayama

Hiroshima

Kokura

Hakata

Kumamoto

Kagoshima-Chuo


100km

100mile

Conventional Lines

Kansai Urban Area


Sanyo Shinkansen

Hokuriku Shinkansen

HokurikuShinkansen

(JR-East)

HokurikuShinkansen

KansaiUrban Area

Kyobashi

Osaka

Tennoji

Wakayama

Kansai-airport

Kobe

Amagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

HimejiAioi

Kyoto

Omi-Shiotsu

KusatsuYamashina

NaraOji

Takada

Tsuge

Shin-Osaka

Maibara



Intercity Lines

Regional Lines

Kameyama





CONVENTIONAL LINES



Wakura-onsen







SHINKANSEN



Kagoshima-Chuo










Corporate Overview

Service Area

NoteNote




As of March 31 2018

Transportation

Retail

Real Estate

Other Businesses

Railway Services


Shopping Centers

Hotels










Subsidiaries







Main subsidiaries




Department Store






areas of stations


Main subsidiaries








Subsidiaries




















Corporate Overview
















Billions of yen

(Billions of yen)

20000

15000

10000










Other

Real EstateBusiness

RetailBusiness


Capex forgrowth


yen710 billion


yen280 billion

Capex for growth

yen130 billion

Equity investment

yen490 billion

Safetycapex

Around2030

yen2 trillion


Enhancing safety






Operating Revenues

Transportation

Retail

Real estate

Other businesses

Operating Income

Transportation

Retail

Real estate

Other businesses

Recurring Profit


EBITDA

ROA

ROE


15004

9508

2398

1396

1700

1913

1303

72

357

199

1777

1104

3561

63

113

8678

16300

9775

2810

1685

2030

[2180] 2100

1395

100

415

230

[2050] 1970

[1340] 1280

[4080] 4000

Mid-6 range

Approx 10

8900

yen1120 billion



+1295

+266

+411

+288

+329

[+266] +186

+91

+27

+57

+30

[+272] +192

[+235] +175

[+518] +438

ndash

ndash

+221


Safetycapex

yen810 billion

yen460 billion



Capitalexpenditure



(CF)


Debt reduction

Dividends




Corporate Overview


















JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu







Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total


Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total


Nagoya Area

Kyushu Area

Japan









1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori


Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano




FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





As of March 31 2018

Transportation

Retail

Real Estate

Other Businesses

Railway Services


Shopping Centers

Hotels










Subsidiaries







Main subsidiaries




Department Store






areas of stations


Main subsidiaries








Subsidiaries




















Corporate Overview
















Billions of yen

(Billions of yen)

20000

15000

10000










Other

Real EstateBusiness

RetailBusiness


Capex forgrowth


yen710 billion


yen280 billion

Capex for growth

yen130 billion

Equity investment

yen490 billion

Safetycapex

Around2030

yen2 trillion


Enhancing safety






Operating Revenues

Transportation

Retail

Real estate

Other businesses

Operating Income

Transportation

Retail

Real estate

Other businesses

Recurring Profit


EBITDA

ROA

ROE


15004

9508

2398

1396

1700

1913

1303

72

357

199

1777

1104

3561

63

113

8678

16300

9775

2810

1685

2030

[2180] 2100

1395

100

415

230

[2050] 1970

[1340] 1280

[4080] 4000

Mid-6 range

Approx 10

8900

yen1120 billion



+1295

+266

+411

+288

+329

[+266] +186

+91

+27

+57

+30

[+272] +192

[+235] +175

[+518] +438

ndash

ndash

+221


Safetycapex

yen810 billion

yen460 billion



Capitalexpenditure



(CF)


Debt reduction

Dividends




Corporate Overview


















JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu







Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total


Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total


Nagoya Area

Kyushu Area

Japan









1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori


Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano




FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982
















Billions of yen

(Billions of yen)

20000

15000

10000










Other

Real EstateBusiness

RetailBusiness


Capex forgrowth


yen710 billion


yen280 billion

Capex for growth

yen130 billion

Equity investment

yen490 billion

Safetycapex

Around2030

yen2 trillion


Enhancing safety






Operating Revenues

Transportation

Retail

Real estate

Other businesses

Operating Income

Transportation

Retail

Real estate

Other businesses

Recurring Profit


EBITDA

ROA

ROE


15004

9508

2398

1396

1700

1913

1303

72

357

199

1777

1104

3561

63

113

8678

16300

9775

2810

1685

2030

[2180] 2100

1395

100

415

230

[2050] 1970

[1340] 1280

[4080] 4000

Mid-6 range

Approx 10

8900

yen1120 billion



+1295

+266

+411

+288

+329

[+266] +186

+91

+27

+57

+30

[+272] +192

[+235] +175

[+518] +438

ndash

ndash

+221


Safetycapex

yen810 billion

yen460 billion



Capitalexpenditure



(CF)


Debt reduction

Dividends




Corporate Overview


















JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu







Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total


Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total


Nagoya Area

Kyushu Area

Japan









1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori


Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano




FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

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05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





JR-Central

JR-East

JR-West

JR-ShikokuJR-Kyushu







Kansai Area Shiga

Kyoto

Osaka

Hyogo

Nara

Wakayama

Kansai Area Total


Toyama

Ishikawa

Fukui

Nagano

Mie

Tottori

Shimane

Okayama

Hiroshima

Yamaguchi

Fukuoka

Service Areas Total


Nagoya Area

Kyushu Area

Japan









1420

2563

8856

5590

1372

975

20776

2281

1070

1150

791

2114

1834

571

691

1921

2849

1396

5131

42575

36471

11440

13069

127707

58459

100538

379340

197881

35407

35790

807414

86991

44526

45880

31300

78870

76564

17792

23823

72428

112379

59690

181122

1638777

1661835

508555

438760

5142963

(16)

(33)

(16)

(32)

Fukuoka

Shimane

Tottori


Okayama

Osaka

Kyoto

Nara

Wakayama

Mie

Shiga

Fukui

Toyama

Ishikawa

Nagano




FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

126285

127055

126231

128066

127707 1000

981

960

933

902

869

833

125325

122544

119125

115216

110919

106421


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

20600

20664

20632

20863

20776 1000

982

957

926

891

854

816

20400

19877

19235

18509

17735

16954


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

42986

42966

42665

42827

42575 1000

980

954

924

889

853

815

41736

40634

39328

37868

36296

34694


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

8629

8664

8682

8866

8856 1000

986

963

933

899

864

828

8732

8526

8262

7963

7649

7335


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1449

1430

1407

1388

1372 1000

962

922

877

828

777

728

1320

1265

1202

1136

1066

998


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1088

1062

1026

994

975 1000

945

898

850

802

753

706

921

876

829

782

734

688


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

1335

1365

1391

1420

1420 1000

993

982

966

945

919

890

1409

1395

1372

1341

1304

1263


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

5537

5577

5580

5621

5590 1000

974

949

919

885

848

811

5433

5306

5139

4949

4743

4532


FY2001

FY2006

FY2011

FY2016

FY2018

FY2021

FY2026

FY2031

FY2036

FY2041

FY2046

2563

2566

2547

2575

2563 1000

1004

979

948

912

873

834

2574

2510

2431

2339

2238

2137








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982








Breakdown for Asia

6000

5000

4000

3000

2000

1000836

10361341

1974

2404

179 232 317501 609

2869

716

6000

4000

Millions of people







1

2

3

4

5

6

7

8

9

10

11

15

Tokyo

Osaka

Chiba

Kyoto

Fukuoka

Aichi

Kanagawa

Hokkaido

Okinawa

Nara

Hyogo

Hiroshima

462

387

360

259

98

89

85

77

73

73

55

30


12 13 14 17 30(Target)

20(Target)

15 16


0


Asia2472

China736

South Korea714

Taiwan456

ASEAN261

HongKong223

Total2869

Europe153

Other 069

NorthAmerica

176

Other 082

300

250

200

150

100

050020

036

060

100

125

160

260

284

456+100

+171

Millions of people


FY20163 FY201730

600

400

200

0

Billions of yen


Exclusiveproducts

Exclusiveproducts

Individualtickets


650

800

600

400

200

0

Billions of yen


+220


86

6

5

2

3

8

9

16

25

26










Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

75

50

25

14 151312111009080706050403020100999897

627 623619625618606591576528521506483514

660702

744769773776

100

533

200

150

100

50

141312111009080706050403020100999897

596581565538516501488458451424387381412420446486513

0 0

100

75

50

25

15

592

1413121110090807060504030201009998970

100

200

150

100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

25

0

100

346

200

150

100

50

141312111009080706050403020100999897

490

557568566533

472421

359315290297275271258254

308329

0

100

75

50

25

15

281

15

69

15

505

0

100 100

299

200

150

100

50

1413121110090814131211100908

275

15

281

279

353

134

1039392

616

15

598

592

563

369317304

0

100

75

50

25

1716

166

623 628

1716

627 608

129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982







Haneda Airport

Narita Airport


Kansai

Kobe Airport


Airport



Hakata

Kumamoto Airport

Tokyo

Miyazaki Airport

Nagasaki Airport

Saga Airport

Oita Airport


Kochi Airport

Matsuyama Airport

Tokushima Airport

Takamatsu Airport


Tajima Airport


KomatsuAirport

Noto Airport

Niigata Airport


Ibaraki Airport

Toyama Airport


Onomichi

Gotsu

Izumo Yonago

Sakaide

Naruto

Hamada

Imabari

Kagoshima

Okayama

Nanki Tanabe

Ise

YamaguchiKitakyushu

Nagasaki

Tosu

Yatsushiro

Miyazaki

Saiki

Sasebo

Tsuruga

Maibara

Kanazawa


Notes






Tokyo mdash Fukuoka



Airlines 3h 00m 41390 54 (19)












Tokyo mdash Okayama




Tokyo mdash Toyama







Airlines 3h 10m 30000 17 (4)












Aichi mdash Fukuoka











Airlines 3h 00m 26300 10 (1)






ShizuokaAirport

NagoyaNagoyaNagoya







Kagoshima Airport




Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

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0

100

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150

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112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Business



Tokyo ndash Okayama



Tokyo ndash Fukuoka

Aichi ndash Fukuoka






852

16



Nozomi


Earthquake


Nozomi




(067)ldquoExpress


(077)Debut of

N700-SeriesNozomi






0

100

200

150

100

50

78

838880853824813809785764757743714660638624667706723713658

779775768748729722714835817

15141312111009080706050403020100999897969594939291908988 0

100

75

50

25




856 868

1817

141

0

100

200

150

100

50

0

100

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627 623619625618606591576528521506483514

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744769773776

100

533

200

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100

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596581565538516501488458451424387381412420446486513

0 0

100

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592

1413121110090807060504030201009998970

100

200

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100

50298

365413406396383364340326320291293

376408425437440463

0

100

75

50

25

0

100

200

150

100

50

141312111009080706050403020100999897

73768081696965586763605766687086103119

0

100

75

50

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0

100

346

200

150

100

50

141312111009080706050403020100999897

490

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472421

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308329

0

100

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281

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0

100 100

299

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1413121110090814131211100908

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1039392

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0

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166

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129

17

583111

1716 16

284 235

1716

515 486

121

17

289 262

151

17

16

16

75 73

136

112619




Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

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06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Business




In Operation







Ishikawa mdash


Toyama mdash






Hokuriku Shinkansen






Expense Burden











(211km)



Oshamanbe


Shin-Aomori

Hachinohe

Morioka

Akita

SendaiYamagata

Shinjo

Fukushima

Niigata

Takasaki

JoetsuMyoko

Nagano

OmiyaTokyo

ToyamaKanazawa

JR-WestJR-West


Fukui

Nagoya

Tsuruga

Shin-Osaka Kyoto

Okayama


Hakata

Shin-Tosu

Takeo-Onsen

Nagasaki


Kagoshima-Chuo

Isahaya

Sapporo

Shin-Otaru

451km

169km125km




Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

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05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Business










Hankyu

JR-West

Hanshin

OsakaOsakaOsaka

Kyoto


Sannomiya

Takarazuka

Tennoji

Kansai-airport

Wakayama

Umeda


NambaNamba


Kobe-Sannomiya

Kobe-Sannomiya

Takarazuka

Wakayamashi

Umeda

Kyoto

Kawaramachi

Nara

Kintetsu-Nara

Sanjo

Yodoyabashi

Namba

Osaka Namba

Keihan

Kintetsu

Nankai


(km)

Normal Fare

(yen)















Tennoji

ndashKansai-airport

JR-West 460 1060 29090 152550 47[30]3






1500

25742934

3369 33693435 3481 3439

3317

(100)3377

(102)3416

(103)

(96)

2819

(85)2893

(87)2946

(89)3010

(91)3314

(100)

3081

(93)3170

2893

(142)

2880

(142)

2827

(139)

2844

(140)2834

(139)2896

(142)

2811

(138)

2805

(138)

2822

(139)2849

(140)2901

(143)

2604

19872130

2033

(100)

2184

2356

24742808

(138)

2846

(140)

2833

(139)

2831

(139)

2855

(140)

2650

(130)

2854

(140)

2844

(140)

2844

(140) 2668

(81)2622

(79)2610

(79)2592

(78)

2608

(79)

2657

(80)

2883

(142)2952

(145)

2634

(80)

2704

(82)2684

(81)

2712

(82)

2718

(82)

2784

(84)2682

(81)

4000

3500

3000

2500

2000

13 14 16151211100908070605040302010099989796959493929190898876

(100)

3311

0

143144147

103

145 146 147 146 147 145 149145

431436440461480484

535 524 518 506 499 488459

443449429

530

427424419413396

376369362

325 331 336 347 355 365

396 408402

148

413419419425 411 410 411 411 408 408 408 408

145145147149 145 144144143143 146 146 148 147 146 146 146

443437438432 443 444 441 441 445 446 446 446

60

45

30

15

13 14 16151211100908070605040302010099989796959493929190898876

407

148

445













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982













Business


Tennoji

Yamatoji Line

JR-Namba

Nishikujo

Yumeshima

KyobashiHanaten

Shin-Osaka

OsakaHigashi Line

(southern part)

JR Tozai Line

JR Kobe Line

JR Kyoto Line

Osaka

Kyuhoji



Kyobashi

Kobe

SannomiyaAmagasaki

Shin-Kobe

Nishi-Akashi

Kakogawa

Tanikawa

Himeji

Kyoto

Yamashina

Nara

Oji

Takada

Shin-Osaka

Osaka

Kansai-airport


Hankyu Sanbangai SC


Daimaru

Department

Store

Hotel Granvia

Osaka



(Reconstructio

n plan)

LUCUA

LUCUA 1100

Umesan Koji

ALBi


Yodobashi Camera

(Development plan)

Yodobashi Camera


Plann

ed si

te for

new st

ation


Osaka Station


Tennoji




Ibaraki Station


Gakkentoshi Line







MAJOR PROJECTS






Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Business



Other businesses

Real estate


Retail


Retail















Real estate

HOTELS

Other businesses


Transportation9508

2398

1396

1700

Total

15004 billion

Other businesses

Real estate

Retail



634

160

93

113

Other businesses

Real estate


Retail2153

711

132613261326

2019

709

119611961196

2013

757

121412141214

2335 2346

128412841284

2401

137113711371

935 909 1022

2201

872

174417441744

151413121110090

1000

2000

3000

4000

5000

6000

Billions of yen

129912991299

330330330 335335335 348348348 350350350 360360360 357357357

2320

1088

181518151815

16

360360329329329

0

10

20

30

40

50

60

360

2339

1095

168816881688

17

355355355

2398

1396

170017001700

18

366366366

18

15 16

23

202020 212121

15141312111009

15

344 330 324 321330330330

334 348272727

16 0

05

10

15

20

25

0

100

200

300

400

30500

365365365

242424

17

362362362

191919

18

356356356


minus15

0

15

30

45

60

367418

277277277303303303 307307307 326326326 296296296

47

226

676767

31

225

676767

35

222

103103103

ndash29 ndash04

123123123

44

118118118

259 280277

15

251

156156156

15

53

327

224224224

16141312111009

969696

ndash150

0

150

300

450

600

Billions of yen

326326326

52

322

204204204

17

322322322

72

357

199199199

18

326326326


0

300

600

900

1200

1800

1500

0

10

20

30

40

60

50

30

20

31 33

39 39

15141312111009

28

1418

1317

1322 1334 1344 1351 1336

46

16

144951

17

1525

60

18

1617


0

30

60

90

150

120

0

150

300

450

750

600

68 6982 87

7973

15141312111009

71

469 467 477543 550 535 506

93

16

578

96

17

605

87

18

596

ndash60

ndash40

ndash20

0

20

40

ndash1500

ndash1000

ndash500

0

500

1000 686 639

634

949 935

1608

ndash63

ndash40

02 03

ndash22

15141312111009

04

945782

16

791

ndash01

17

734

09

18

701


4436

63 81

103

81

15141312111009

24

222 227264

376

0

200

150

100

50

0

800

600

400

200



lt191gtlt191gt

342

471

347

lt58gtlt58gt

125

16

492492492


116

17

472472472


173

18

781781781



lt31gt lt25gtlt48gt

lt107gtlt69gt

lt191gt

lt58gtndash40

ndash30

ndash20

ndash10

0

10

20461

394 372

388

382

ndash13ndash16

0307 08

425

15141312111009

03

415

06

416

16

04

420

17

06

413

18

02

ndash1000

ndash750

ndash500

ndash250

0

250

500






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982






0

200

400

600

FY20173 FY20183FY20163FY20153




Eki Marcheacute

episode

Garland of Dew

DELI CAFE


KARAFUNEYA COFFEE

Menya

Tabi Bento

VIA INN

365

3

15

12

15

9

10

20

11

19











Food Services

Other

Overview



space


Comments





Mar 2010

Oct 2012

Mar 2015

Approx 900 m2

Approx 5500 m2

Approx 2200 m2

Name Opened

11

12

13

14

15

16

17

18

19

Rooms

Target500

VIA INN Shinjuku


VIA INN Okayama



VIA INN Asakusa2



VIA INN Umeda

Feb 2012

Mar 2012

Oct 2012

July 2013

June 2014

June 2014

June 2014

Apr 2017

Aug 2017

226

297

251

238

150

190

156

172

217

Name Opened

1

2

3

4

5

6

7

8

9

10

Rooms


VIA INN Shin Osaka


VIA INN Himeji

VIA INN Hiroshima


VIA INN Kanazawa


VIA INN Akihabara


Mar 1996

July 1998

Mar 2001

Oct 2002

Apr 2004

Apr 2007

June 2007

July 2009

Mar 2011

Apr 2011

195

226

433

211

256

239

206

509

283



Business



VIA INN details

1

17

5 13 4

3 2

10

6

14

7

8 12

11

16

915

18

19

70

193

335 365





Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

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05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982






Business


List of major SC

EST

Tennoji MIO

Wakayama MIO

MONTetMER

Liv

PLiCO ROKKOMICHI

piole AKASHI

piole HIMEJI


SC tenant revenues

0

700

1400

2100

Billions of yen

3500

2800





Floor space

VIERRA Otsu

VIERRA Nara

VIERRA Tsugaguchi

VIERRA Morinomiya

VIERRA Momodani

VIERRA Kobe

VIERRA Himeji

Oct 2016

Mar 2012

Apr 2016

Sept 2013

Aug 2016

Dec 2003

Dec 2011

2200 m2

5300 m2

5400 m2

4000 m2

1000 m2

6600 m2

2100 m2


Floor space





June 2014

Feb 1975

May 2011

Jan 2001

July 2009

Apr 1968

May 1970

9600 m2

31000 m2

21000 m2

8400 m2

13600 m2

14300 m2

17300 m2




Total units

JGRAN L IBARAKI

Maya City COMFORT



Mar 2016-

Mar 2016-

June 2016-

Sept 2016-

Sept 2016-

283

105

558

23

19


Total units




Feb 2017-

Mar 2017-

June 2017-

Sept 2017-

Sept 2017-

56

587

99

96

28


Leasing space


domiciles

0

2000

4000

10000

8000

6000



MARIER Toyama


Prism Fukui


SUITA GREEN PLACE

arde SHIN-OSAKA

LUCUA osaka





SHAMINE MATSUE

SHAMINE TOTTORI

ekie

ripie SHIMONOSEKI





SC name Date opened

Floor space

Sept 1987

Mar 1991

Apr 2005

Oct 1952

Nov 1980

June 2016

Feb 1965

May 2011

8300 m2

18100 m2

2800 m2

5500 m2

10200 m2

7800 m2

5300 m2

53000 m2

SC name Date opened

Floor space

Nov 1981

Sept 1995

Mar 1968

Oct 1980

Mar 1989

Nov 1996

Dec 1964

Dec 2008

6800 m2

37000 m2

7200 m2

9900 m2

14200 m2

5000 m2

9200 m2

24400 m2

SC name Date opened

Floor space

Aug 1974

Oct 2006

Nov 2007

Oct 1978

Oct 1979

Mar 1965

Oct 2017

Mar 2014

8100 m2

8200 m2

10100 m2

4500 m2

2600 m2

10300 m2

3500 m2

2500 m2



2287 2285 2180 21762442 2469 2462 2459

3017 31463100


83 86

130154

177 184

218 221 225 230

29510000 sq m

300

250

200

150

100

50

0

FY20143FY20133FY20123FY20113FY20103FY20093FY20083

2302 2783 2873 3092 3442 37744812

FY20153

4979

FY20163

6399

FY20183FY20173

83909570







Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Data

Uses of Cash Flows


Billions of yen


Billions of yen

0

500

1000

1500

2000

2500

3000

0

20

40

60

80

100

120

1402500

2000

1500

1000

500

0


Yen






0

6

3

0

2000

1500

1000

500


Billions of yen


Billions of yen


2000

1500

1000

500

0

6

3

0



LiabilityBalance

Billions of yen

Interest Rate




until Mar 2017






Years


1514131211100908070605040302010099989796

1495

1539

1608

16931508

14191370

128011281119

1136

1153

1130

1151

1200

1226

1250

1261

1241

1219

2256

16

1566

2331

1817

16271635

1924

16941667

1529

1954

2600

2101

1639

1879

1449

1253

1131

1208

1054

8838631006968

1550

2031

1715

170

851

484

1112

1371

718

1100

1190

547

1144

1378

596

1215

992

676

1333

970

515

1099

922

445

798

774

301

880

544

282

1127

468382

570

1102

940

388

1070

844

595

1044

1000

419

1018

718

500

971892

559

964

857

609

957

1023

467

945

928

568

925

1063

814

935

1172

998

1075

1596

772

1159

1284

1251

1291

2085

977

727

1347

1248

893 832

1293

1445

1407

1508

956

1199

1655

1050

13761368

1598

1278

1817141312111009080706050403020100999897969594939291908988

902

1260

1864

15

1260

1323

1987

16 1413121110090807060504030201009998979695949392

339

354

591

443

545

252207

211

258

204

278

241220

323

399

502

337365

1219

321

304

264

16

304

135

1817

297

280

140

160

115110

90

80

7070

6060606065

5050505050

50

60

5050505050

15

363

125

160

140

120

100

80

60

40

20

0

8730

1083

4455

8424

1583

4220

8105

2149

3966

7757

2149

3881

7426

2000

3252

6342

2150

3162

6001

2150

3010

5653

2100

2886

5284

2200

2657

4905

2200

2505

4550

2499

2460

4192

2799

2365

3852

2899

2591

3523

3849

2847

504 482 463 447 436410 402 386 381 374 365 357 350

319

3229

4449

3199

2971426814227

14221

13788

1267911654

1116110640

101429611

95109357 9343

10220

10879

2845

4549

3168

285

10563

2442

4499

2783

284

9725

2051

4599

3071

262

9722

15141312111009080706050403020100999897

1676

4799

3500

240

9977

16

225

1817

10461038

53495249

39183982

197 187

1031510270

1346

4949

3660

9956

15141312111009080706050403020100999897

15391

504474 462 436 424 402 396 382 378 371 362 356 349

297319

1562915544

14989

13856

1257912007

1138510816

1024998679572 9532

11026

10389 1004298079830

10688

240

1817

1037910322

197 186

263284286

16

10018

225

P15





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

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05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated













Uses of Cash Flows



96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Safety-related 170 282 301 445 515 676 596 547 718 484 570 388 595 419 500 559 609 467 568 814 998 772 956 1251 977 727 893 902 1260 1050 832



92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18






97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18




97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18



Bonds 1083 1583 2149 2149 2000 2150 2150 2100 2200 2200 2499 2799 2899 3849 4449 4549 4499 4599 4799 4949 5349 5249

Other 4455 422 3966 3881 3252 3162 3010 2886 2657 2505 2460 2365 2591 2847 3199 3168 2783 3071 3500 3660 3918 3982





Data




Number of people




Non-Consolidated






Number of people

50~5445~4940~4435~3920~240~19 25~29 30~34 55~

5133051540 50900

48630

48410

48190

48000

47980

47800

47260

46390

4501042570

40790

3926036490

34560

32850

31210

30350

29620

29610

29870 29900

29950

29850

29590

30230

30170

15

29150

181714

29680 28380

161312111009080706050403020100999897969594939291908988870

60000

50000

40000

30000

20000

10000

13892795

0

50000

40000

30000

20000

10000

33506 3211729875 28688 27581 26525 25830 25465 25466 25824 26443 26705

4779445995

4339445250 44080 43118 43093 43354 44021 45240 46104 45703

26778

45402

26889

45326

27300 26886

4600647565

15

26555

47456

16

25821 25291

47382 47869

17456

26229

1817141312111009080706050403020100

800

17

820

1918

12050

160

290 300

440 470 490 480

700 710 680600 600

670760 770 760

113011601220

1310

1140

0

1400

1200

1000

800

600

400

200

151413121110090807060504030201009998979695949392919089

730640

770

9509701040

16

0

10000

8000

6000

4000

2000 1410

71990

144000

226270

154120

61790

3810

51480

267510




Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated
















Data


Consolidated






Current Ratio ()

Equity Ratio ()







Payout Ratio ()





Non-Consolidated













92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15

123

66

35

71

164

574

102

66

19

mdash

18948

121322

5000

264

mdash

mdash

118

104

139

72

40

136

55

30

62

130

634

111

58

16

mdash

16454

132724

5000

304

mdash

mdash

118

103

156

60

35

127

53

28

59

113

691

119

52

16

mdash

15593

143242

5000

321

mdash

mdash

118

104

146

58

32

93

22

08

41

29

697

110

55

13

mdash

4102

141496

5000

1219

mdash

mdash

125

108

116

23

09

125

52

23

57

94

549

116

50

18

2695

13699

149118

5000

365

mdash

mdash

126

106

150

59

28

113

51

29

52

115

585

121

47

18

2608

17819

162133

6000

337

mdash

mdash

126

106

136

59

35

96

39

16

45

61

485

126

47

16

2442

9966

165917

5000

502

mdash

mdash

130

085

121

51

25

98

43

(07)

45

(28)

474

121

50

17

2429

(4507)

156309

5000

mdash

mdash

mdash

133

mdash

124

56

(06)

90

40

21

42

76

494

136

43

16

2304

12546

174424

5000

399

mdash

mdash

135

098

112

48

29

94

47

26

44

81

530

161

33

18

2319

15481

206823

5000

323

mdash

mdash

136

119

110

49

29

99

59

38

47

110

425

170

31

22

2328

22769

205740

5000

220

mdash

mdash

137

140

114

62

37

105

68

36

51

98

413

181

27

25

2357

20740

220285

5000

241

mdash

mdash

137

124

122

72

39

104

71

39

52

102

371

199

24

28

2423

23423

239876

6500

278

mdash

mdash

144

126

125

77

44

109

79

48

56

118

431

222

21

31

2469

29463

262233

6000

204

mdash

mdash

144

123

130

88

57

109

82

38

57

85

384

239

18

34

2471

23282

282245

6000

258

22

mdash

146

132

128

89

41

107

82

45

57

97

428

253

16

36

2481

28415

303906

6000

211

20

mdash

146

127

126

90

52

107

84

45

56

93

382

259

15

39

2654

28954

322294

6000

207

19

mdash

147

128

125

91

51

96

74

43

50

84

409

267

15

36

2595

27729

339113

7000

252

21

mdash

146

123

117

84

51

64

40

21

31

37

521

263

16

22

2184

12837

345568

7000

545

20

mdash

146

121

72

36

25

79

57

29

37

52

538

258

16

29

2468

18066

355712

8000

443

23

mdash

146

123

91

59

34

85

64

23

41

42

441

266

15

33

2791

15229

363241

90

591

25

mdash

149

133

104

73

26

100

81

46

49

83

477

285

13

43

2903

31087

385082

110

354

29

mdash

150

144

118

89

48

101

85

49

51

86

553

292

13

48

2885

33898

404831

115

339

29

29

152

135

116

92

56

104

90

49

51

84

690

288

13

54

2893

34458

413865

125

363

31

31

152

141

126

103

53

1716 18

128

118

74

63

113

790

332

10

92

3561

57072

527342

160

280

32

32

154

137

148

132

83

122

112

63

60

100

645

313

11

79

3391

47152

485750

140

297

30

30

151

129

142

124

74

125

112

59

64

102

651

309

11

75

3381

44353

453429

135

304

31

31

152

140

144

122

64

P17





Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303































92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 129 13 14 15 16 17 18

Consolidated






Current Ratio () 574 634 691 697 549 585 485 474 494 530 425 413 371 431 384 428 382 409 521 538 441 477 553 690 651 645 790

Equity Ratio () 102 111 119 110 116 121 126 121 136 161 170 181 199 222 239 253 259 267 263 258 266 285 292 288 309 313 332












Non-Consolidated
















Data


Total Assets

Total Liabilities



Net Assets6


Transportation

Retail

Sales of goods

Real estate

Other businesses

Operating Income

Transportation

Retail

Sales of goods

Real estate

Other businesses






Interest expenses

Recurring Profit



Extraordinary loss







(Billions of yen)









92 93 94 951 96 98297 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15

23719

21292

2426

[49]

mdash

10785

9013

mdash

1212

mdash

560

1326

1216

mdash

14

mdash

92

03

132

741

mdash

mdash

mdash

717

05

158

152

378

mdash

mdash

mdash

mdash

mdash

23845

21191

2654

[57]

mdash

10875

9044

mdash

1241

mdash

589

1479

1372

mdash

06

mdash

98

01

138

1017

mdash

mdash

mdash

600

07

304

297

329

mdash

mdash

mdash

mdash

mdash

24065

21200

2864

[57]

mdash

11094

9130

mdash

1253

mdash

710

1406

1289

mdash

08

mdash

108

(00)

158

975

mdash

mdash

mdash

589

10

297

287

311

mdash

mdash

mdash

mdash

mdash

25775

22945

2829

[139]

mdash

10928

8457

mdash

1318

mdash

1152

1019

923

mdash

(02)

mdash

106

(08)

137

914

mdash

mdash

mdash

242

(135)

450

586

82

mdash

mdash

mdash

mdash

mdash

25769

22787

2982

[149]

mdash

11793

9155

mdash

1375

375

887

1476

1299

mdash

07

89

77

01

122

983

(818)

25

843

615

02

630

628

273

mdash

mdash

mdash

mdash

mdash

26700

23458

3242

[156]

mdash

12092

9349

mdash

1355

405

982

1366

1202

mdash

03

87

86

(12)

109

859

(748)

16

765

616

29

459

430

356

mdash

mdash

mdash

mdash

mdash

26323

23004

3318

[134]

mdash

12291

9213

mdash

1627

416

1033

1181

1048

mdash

00

85

58

(10)

85

785

(717)

17

735

480

(07)

549

557

199

mdash

mdash

mdash

mdash

mdash

25741

22480

3126

135

mdash

12050

8893

mdash

1742

394

1020

1179

1016

mdash

04

104

65

(12)

91

753

(704)

15

720

517

(511)

447

959

(90)

mdash

mdash

mdash

mdash

mdash

25610

21970

3488

152

mdash

11910

8655

mdash

1746

489

1018

1077

867

mdash

20

133

64

(08)

99

700

(669)

10

680

476

(34)

518

553

250

1547

(992)

555

(665)

(80)

25763

21465

4136

161

mdash

11955

8632

1922

mdash

568

831

1118

866

38

mdash

133

81

(00)

93

651

(618)

13

631

560

(08)

1091

1099

309

1387

94

1481

(1332)

148

24167

19864

4114

188

mdash

11906

8521

1952

mdash

576

854

1176

884

47

mdash

153

98

(07)

82

558

(538)

05

543

700

132

1092

960

455

995

177

1173

(1671)

(497)

24327

19708

4405

213

mdash

11655

8315

1930

mdash

572

837

1226

932

43

mdash

161

94

(05)

63

502

(488)

02

491

787

(11)

445

456

416

1302

(633)

668

(715)

(47)

24103

19069

4797

235

mdash

12157

8276

1968

mdash

579

1332

1269

944

56

mdash

180

96

(08)

73

484

(453)

03

457

858

28

1109

1080

470

1402

(916)

485

(679)

(186)

23643

18144

5243

254

mdash

12208

8294

1966

mdash

588

1358

1331

993

52

mdash

189

101

(06)

62

434

(423)

03

426

959

94

792

697

589

1429

(849)

580

(664)

(84)

23559

17639

5642

277

mdash

12400

8345

2039

mdash

628

1387

1352

980

59

mdash

205

114

(07)

74

405

(394)

03

397

1021

(222)

785

1008

465

1640

(1017)

623

(693)

(68)

24016

17638

mdash

[303]

6378

12629

8485

2081

mdash

627

1434

1353

972

50

mdash

212

125

(07)

71

383

(369)

03

372

1041

(32)

473

506

567

1886

(1317)

568

(546)

21

24628

17919

mdash

[321]

6708

12901

8612

2128

mdash

767

1393

1374

974

52

mdash

246

110

(10)

79

364

(349)

04

354

1088

(72)

446

519

577

2221

(1792)

429

(558)

(129)

24618

17722

mdash

[329]

6896

12753

8561

2153

mdash

711

1326

1225

891

47

mdash

226

67

(07)

82

358

(340)

05

345

948

(01)

726

728

545

1788

(1726)

61

(101)

(34)

25463

18442

mdash

[329]

7021

11901

7974

2019

mdash

709

1196

765

452

31

mdash

225

67

(10)

76

360

(336)

06

343

481

(44)

544

588

248

1613

(2087)

(474)

546

99

26724

19511

mdash

[324]

7212

12135

8064

2013

mdash

757

1299

959

611

35

mdash

222

96

(06)

94

365

(333)

04

337

689

(79)

511

590

349

2232

(2462)

(230)

514

284

26429

19094

mdash

[301]

7335

12876

8390

2335

mdash

935

1214

1097

767

(29)

mdash

259

103

(03)

79

352

(324)

04

329

824

(22)

276

298

294

2062

(1991)

70

(368)

(291)

26137

18455

mdash

[224]

7681

12989

8449

2346

mdash

909

1284

1294

901

(04)

mdash

280

123

(04)

68

316

(300)

03

304

1046

(49)

415

465

601

2380

(1547)

832

(852)

(19)

26878

18805

mdash

[234]

8073

13310

8513

2401

mdash

1022

1371

1345

910

44

mdash

277

118

(05)

77

294

(275)

05

280

1129

(12)

263

276

656

2377

(1653)

723

(478)

245

27864

19397

mdash

[454]

8467

13503

8684

2201

mdash

872

1744

1397

1006

15

mdash

251

156

(33)

90

268

(249)

09

258

1219

07

695

687

667

2236

(2129)

107

16

123

16 17 18

30729

19566

mdash

[953]

11163

15004

9508

2398

mdash

1396

1700

1913

1303

72

mdash

357

199

(20)

90

226

(202)

07

209

1777

(71)

328

399

1104

2751

(1663)

1087

(714)

373

30078

19752

mdash

[921]

10326

14414

9291

2339

mdash

1095

1688

1763

1217

52

mdash

322

204

(33)

80

237

(216)

06

223

1607

(230)

196

426

912

2341

(2958)

(616)

443

(173)

28431

19168

mdash

[485]

9263

14513

9287

2320

mdash

1088

1815

1815

1251

53

mdash

327

224

(41)

78

271

(233)

07

241

1622

(171)

215

386

858

2598

(2332)

266

(313)

(46)

P18





Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807








Billions of yen

92 93 94 951 96 97 982 993 00 014 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 23719 23845 24065 25775 25769 26700 26323 25741 25610 25763 24167 24327 24103 23643 23559 24016 24628 24618 25463 26724 26429 26137 26878 27864 28431 30078 30729






Transportation 9013 9044 9130 8457 9155 9349 9213 8893 8655 8632 8521 8315 8276 8294 8345 8485 8612 8561 7974 8064 8390 8449 8513 8684 9287 9291 9508






Transportation 1216 1372 1289 923 1299 1202 1048 1016 867 866 884 932 944 993 980 972 974 891 452 611 767 901 910 1006 1251 1217 1303

































Data


Total Assets

Total Liabilities


Total Net Assets4

Operating Revenues

Transportation


Other operations

Miscellaneous

Operating Expenses

Personnel costs

Salary


Non-personnel costs

Energy costs

Maintenance costs

Miscellaneous costs

Shinkansen fees

Rental payments etc

Taxes

Enterprise tax

Property taxes

City planning taxes

Other taxes


Operating Income



Recurring Profit



Extraordinary loss

Net Income (Loss)







(Billions of yen)

88 89 90 91 92 93 94 96 97 98 00 01 02 03 04951 992 053 06 07 08 09 10 11 12 13 14 15

14402

12832

1570

mdash

7631

6910

260

44

417

6923

2682

2561

120

2299

394

879

1025

943

55

91

16

18

04

52

851

708

89

717

80

11

83

71

20

13376

11759

1616

mdash

8071

7281

205

120

463

7277

2654

2487

167

2386

384

995

1006

943

56

109

31

19

04

53

1127

793

142

762

172

09

105

96

46

12751

10876

1874

mdash

8343

7488

236

107

510

7433

3006

2521

484

2598

404

1118

1076

740

58

149

41

93

10

03

880

909

100

607

402

19

182

163

257

13142

10969

2172

mdash

8923

8018

250

122

531

7698

2892

2676

215

3011

431

1399

1179

740

58

197

82

99

11

04

798

1224

129

479

875

(269)

192

462

298

22971

20584

2386

mdash

9172

8190

261

149

570

7894

3034

2821

212

3119

434

1432

1252

366

58

216

78

121

12

03

1099

1278

114

732

661

06

157

151

364

23065

20460

2604

mdash

9225

8204

268

160

592

7782

3183

2889

294

2947

436

1274

1236

mdash

58

258

67

154

14

21

1333

1443

124

1009

557

11

298

286

319

23279

20477

2801

mdash

9376

8249

262

228

636

8010

3298

3012

286

3172

438

1364

1369

mdash

59

264

72

158

15

18

1215

1365

148

967

547

11

296

284

298

23551

20775

2775

mdash

8741

7675

261

182

621

7730

3344

3047

297

2955

414

1248

1292

mdash

79

206

02

168

16

18

1144

1011

117

924

204

(115)

398

513

75

22979

20046

2932

mdash

9362

8239

255

185

681

7959

3418

3073

345

3057

433

1284

1340

mdash

90

291

85

174

17

14

1100

1403

106

954

556

04

620

616

258

23334

20167

3166

mdash

9560

8391

269

181

717

8259

3509

3060

448

3265

424

1467

1373

mdash

100

271

65

176

18

11

1112

1300

89

830

560

26

441

414

335

22772

19493

3278

mdash

9460

8300

273

213

671

8311

3585

3078

507

3012

438

1209

1365

mdash

230

380

65

267

26

19

1102

1148

71

736

483

05

499

494

234

22420

19299

3120

mdash

9094

7955

271

205

662

7967

3578

2974

603

2777

405

1080

1292

mdash

228

313

mdash

277

27

07

1070

1127

72

694

505

(505)

431

936

(56)

22326

18859

3466

mdash

8851

7739

261

199

650

7860

3501

2850

650

2765

393

1123

1249

mdash

238

310

mdash

277

27

05

1044

990

75

642

423

19

483

463

255

22478

18444

4033

mdash

8814

7731

246

186

650

7844

3456

2841

614

2750

382

1143

1224

mdash

315

303

mdash

273

26

04

1018

970

72

608

434

16

1074

1058

259

21357

17470

3886

mdash

8698

7702

246

183

566

7703

3305

2702

602

2812

392

1168

1251

mdash

313

300

mdash

269

25

05

971

995

62

517

540

54

1051

996

325

21168

17061

4107

mdash

8490

7523

238

184

544

7457

3016

2445

570

2882

384

1226

1271

mdash

310

293

mdash

263

24

05

954

1032

53

472

613

15

426

411

334

21268

16875

4393

mdash

8458

7508

230

185

534

7404

2945

2375

569

2910

366

1219

1324

mdash

308

282

mdash

254

22

05

957

1054

51

456

650

34

1090

1055

371

20980

16237

4743

mdash

8464

7509

228

177

548

7364

2868

2306

562

3005

369

1271

1364

mdash

246

297

20

251

21

05

945

1100

50

407

743

77

736

658

480

21021

15999

5022

mdash

8512

7565

225

177

544

7423

2761

2218

543

3200

348

1407

1444

mdash

247

287

19

244

20

02

925

1089

52

382

759

(189)

767

956

351

21518

16185

mdash

5333

8658

7658

225

182

591

7568

2725

2150

574

3379

343

1489

1545

mdash

246

281

18

237

19

06

935

1089

55

367

776

(18)

451

470

446

22229

16705

mdash

5524

8794

7817

222

196

557

7696

2699

2134

564

3388

344

1486

1558

mdash

246

286

18

243

20

03

1075

1098

62

360

799

(38)

409

448

451

22151

16543

mdash

5607

8750

7737

218

209

584

7729

2686

2123

562

3339

382

1358

1598

mdash

253

291

17

249

21

02

1159

1020

67

354

734

11

703

692

443

22869

17188

mdash

5681

8167

7200

201

211

554

7582

252

2089

563

3186

335

1281

1569

mdash

250

293

15

253

21

03

1199

585

60

347

298

44

528

483

205

24057

18243

mdash

5813

8286

7280

195

218

592

7528

2353

2098

255

3334

337

1358

1638

mdash

251

298

15

258

21

03

1291

758

70

343

485

(04)

489

494

285

23817

17933

mdash

5883

8621

7587

195

232

605

7728

2379

2115

263

3395

362

1333

1699

mdash

236

309

15

264

21

07

1407

892

71

335

628

(17)

231

248

221

23333

17216

mdash

6116

8685

7691

191

236

565

7661

2333

2106

227

3427

371

1365

1691

mdash

234

317

16

271

21

07

1347

1023

64

311

775

01

399

397

419

23926

17531

mdash

6394

8736

7806

191

231

507

7718

2354

2137

217

3516

431

1390

1695

mdash

236

316

16

268

21

10

1293

1017

65

283

799

12

238

226

486

24444

18128

mdash

6315

8909

7970

184

236

517

789

2330

2152

177

3690

453

1467

1769

mdash

187

320

15

273

21

09

1260

1120

65

264

921

(45)

606

651

473

16 1817

26593

18976

mdash

7617

9762

8678

178

284

621

8319

2214

2120

94

4076

440

1614

2021

mdash

302

357

43

283

22

07

1368

1443

62

219

1286

(92)

298

390

807

25989

18890

mdash

7099

9561

8496

180

272

611

8206

2233

2136

96

3943

405

1571

1966

mdash

302

349

42

276

22

08

1376

1354

61

231

1184

(165)

183

349

708

24998

18337

mdash

6660

9542

8500

183

260

598

8170

2333

2166

166

3924

441

1528

1954

mdash

269

319

26

263

21

08

1323

1372

63

268

1167

(155)

195

350

611

P19





Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

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06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678




Billions of yen

88 89 90 91 92 93 94 951 96 97 98 992 00 01 02 03 04 053 06 07 08 09 10 11 12 13 14 15 16 17 18

Total Assets 14402 13376 12751 13142 22971 23065 23279 23551 22979 23334 22772 22420 22326 22478 21357 21168 21268 20980 21021 21518 22229 22151 22869 24057 23817 23333 23926 24444 24998 25989 26593





Transportation 6910 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678



Miscellaneous 417 463 510 531 570 592 636 621 681 717 671 662 650 650 566 544 534 548 544 591 557 584 554 592 605 565 507 517 598 611 621


Personnel costs 2682 2654 3006 2892 3034 3183 3298 3344 3418 3509 3585 3578 3501 3456 3305 3016 2945 2868 2761 2725 2699 2686 2652 2353 2379 2333 2354 2330 2333 2233 2214

Salary 2561 2487 2521 2676 2821 2889 3012 3047 3073 3060 3078 2974 2850 2841 2702 2445 2375 2306 2218 2150 2134 2123 2089 2098 2115 2106 2137 2152 2166 2136 2120



Energy costs 394 384 404 431 434 436 438 414 433 424 438 405 393 382 392 384 366 369 348 343 344 382 335 337 362 371 431 453 441 405 440





Taxes 91 109 149 197 216 258 264 206 291 271 380 313 310 303 300 293 282 297 287 281 286 291 293 298 309 317 316 320 319 349 357


Property taxes 18 19 93 99 121 154 158 168 174 176 267 277 277 273 269 263 254 251 244 237 243 249 253 258 264 271 268 273 263 276 283


Other taxes 52 53 03 04 03 21 18 18 14 11 19 07 05 04 05 05 05 05 02 06 03 02 03 03 07 07 10 09 08 08 07









Net Income (Loss) 20 46 257 298 364 319 298 75 258 335 234 (56) 255 259 325 334 371 480 351 446 451 443 205 285 221 419 486 473 611 708 807










Data



Shinkansen Commuter

Other

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total

Luggage and Ferry

Grand Total





Billions of yen

0

200

300

400

Total

(Billions of yen)

Record high figures



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15

10

2829

2839

848

1385

2233

269

1448

1718

1118

2833

3951

1128

5663

6791

08

6800

14

3197

3211

845

1465

2310

266

1485

1751

1111

2950

4061

1125

6147

7272

08

7281

3

18

3255

3274

898

1531

2430

276

1499

1775

1175

3030

4205

1194

6286

7480

08

7488

24

3508

3533

948

1679

2627

284

1565

1850

1233

3244

4477

1257

6753

8010

07

8018

32

3564

3597

986

1732

2718

287

1579

1867

1273

3312

4586

1306

6876

8183

07

8190

40

3535

3576

1039

1748

2787

303

1528

1832

1343

3276

4619

1384

6812

8196

07

8204

46

3576

3623

1057

1744

2801

311

1505

1816

1368

3249

4618

1415

6826

8241

07

8249

48

3030

3078

1063

1790

2853

308

1428

1736

1371

3218

4589

1420

6248

7668

06

7675

52

3270

3322

1123

2025

3148

304

157

1761

1427

3482

4910

1480

6752

8233

06

8239

58

3444

3503

1133

2011

3144

304

1433

1737

1437

3444

4881

1496

6889

8385

06

8391

5

62

3398

3460

1149

2004

3153

299

1379

1679

1448

3384

4832

1510

6783

8293

06

8300

64

3202

3267

1147

1950

3098

294

1289

1584

1442

3240

4682

1506

6443

7950

05

7955

65

3064

3130

1140

1928

3069

291

1244

1535

1431

3172

4604

1496

6237

7734

05

7739

66

3064

3130

1140

1953

3093

287

1214

1501

1427

3168

4595

1493

6232

7726

05

7731

69

3074

3143

1141

1947

3089

281

1182

1464

1423

3130

4553

1492

6204

7697

05

7702

71

989

3060

1134

1899

3033

278

1146

1425

1412

3046

4458

1483

6035

7518

05

7523

75

3006

3081

1137

1883

3020

277

1123

1400

1414

3006

4421

1489

6012

7502

05

7508

79

3054

3134

1143

1861

3004

276

1089

1365

1419

2950

4370

1498

6005

7504

04

7509

79

3158

3238

1134

1840

2975

274

1072

1347

1408

2913

4322

1488

6071

7560

04

7565

82

3204

3286

1153

1871

3024

273

1070

1343

1426

2941

4368

1508

6145

7654

04

7658

85

3350

3435

1158

1875

3033

274

1069

1344

1432

2945

4378

1517

6295

7813

04

7817

87

3303

3391

1159

1856

3015

275

1049

1325

1435

2906

4341

1522

6210

7732

04

7737

88

3035

3124

1138

1723

2861

270

943

1214

1408

2666

4075

1497

5702

7200

00

7200

89

3149

3239

1133

1710

2844

270

925

1196

1403

2636

4040

1493

5786

7280

00

7280

89

3425

3515

1134

738

2873

270

928

1198

1404

2667

4072

1494

6092

7587

00

7587

90

3479

3570

1132

1757

2889

269

961

1230

1402

2718

4120

1493

6198

7691

00

7691

93

3551

3644

1138

1783

2921

271

967

1239

1410

2750

4161

1503

6302

7806

00

7806

8

93

3665

3759

1152

1810

2962

271

976

1248

1423

2787

4210

1516

6453

7970

00

7970

16 1817

107

4369

4477

1169

1920

3090

251

859

1110

1420

2779

4200

1528

7149

8678

00

8678

102

4243

4346

1164

1885

3050

251

849

1100

1415

2735

4150

1518

6978

8496

00

8496

101

4271

4372

1156

1865

3022

253

851

1105

1410

2717

4127

1511

6988

8500

00

8500

35033322

3078

3623357635973533

32743211

2839

3460

32673130 3130 3143

3060 30813134

3238 32863435 3391

32393124

31443148

2853280127872718

2627

24302310

2233

3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 301528442861

1737176117361816183218671850177517511718 1679

15841535 1501 1464 1425 1400 1365 1347 1343 1344 1325

1196

3515

2873

1198

3570

2889

1230

3644

2921

12391214

3759

2962

1248

15

4372

3022

1105

16

43464477

3050 3090

1100 1110

1817141312111009080706050403020100999897969594939291908988

P20





Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349



Billions of yen

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 131 14 15 16 17 18

Railway


Other 2829 3197 3255 3508 3564 3535 3576 3030 3270 3444 3398 3202 3064 3064 3074 2989 3006 3054 3158 3204 3350 3303 3035 3149 3425 3479 3551 3665 4271 4243 4369

Total 2839 3211 3274 3533 3597 3576 3623 3078 3322 3503 3460 3267 3130 3130 3143 3060 3081 3134 3238 3286 3435 3391 3124 3239 3515 3570 3644 3759 4372 4346 4477

Conventional Lines


Other 1385 1465 1531 1679 1732 1748 1744 1790 2025 2011 2004 1950 1928 1953 1947 1899 1883 1861 1840 1871 1875 1856 1723 1710 1738 1757 1783 1810 1865 1885 1920

Total 2233 2310 2430 2627 2718 2787 2801 2853 3148 3144 3153 3098 3069 3093 3089 3033 3020 3004 2975 3024 3033 3015 2861 2844 2873 2889 2921 2962 3022 3050 3090


Other 1448 1485 1499 1565 1579 1528 1505 1428 1457 1433 1379 1289 1244 1214 1182 1146 1123 1089 1072 1070 1069 1049 943 925 928 961 967 976 851 849 859

Total 1718 1751 1775 1850 1867 1832 1816 1736 1761 1737 1679 1584 1535 1501 1464 1425 1400 1365 1347 1343 1344 1325 1214 1196 1198 1230 1239 1248 1105 1100 1110


Other 2833 2950 3030 3244 3312 3276 3249 3218 3482 3444 3384 3240 3172 3168 3130 3046 3006 2950 2913 2941 2945 2906 2666 2636 2667 2718 2750 2787 2717 2735 2779

Total 3951 4061 4205 4477 4586 4619 4618 4589 4910 4881 4832 4682 4604 4595 4553 4458 4421 4370 4322 4368 4378 4341 4075 4040 4072 4120 4161 4210 4127 4150 4200

Total Commuter 1128 1125 1194 1257 1306 1384 1415 1420 1480 1496 1510 1506 1496 1493 1492 1483 1489 1498 1488 1508 1517 1522 1497 1493 1494 1493 1503 1516 1511 1518 1528

Other 5663 6147 6286 6753 6876 6812 6826 6248 6752 6889 6783 6443 6237 6232 6204 6035 6012 6005 6071 6145 6295 6210 5702 5786 6092 6198 6302 6453 6988 6978 7149

Total 6791 7272 7480 8010 8183 8196 8241 7668 8233 8385 8293 7950 7734 7726 7697 7518 7502 7504 7560 7654 7813 7732 7200 7280 7587 7691 7806 7970 8500 8496 8678


Grand Total 6800 7281 7488 8018 8190 8204 8249 7675 8239 8391 8300 7955 7739 7731 7702 7523 7508 7509 7565 7658 7817 7737 7200 7280 7587 7691 7806 7970 8500 8496 8678






Data



Shinkansen Commuter

Other

Total

Conventional Lines

Kansai Urban Area

(Kyoto-Osaka-

Kobe Area)

Commuter

Other

Total


Other

Total

Subtotal Commuter

Other

Total

Total Commuter

Other

Total


Shinkansen

Conventional Lines

Total2


Shinkansen

Conventional Lines

Total


Shinkansen

Conventional Lines

Total

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

9992

71

13081

13152

12399

7934

20333

4222

8073

12295

16621

16007

32628

16693

29088

45781

100

14691

14792

12956

8340

21297

4373

7764

12137

17329

16105

33435

17430

30796

48227

137

14865

15002

13428

8412

21841

4423

7618

12041

17851

16031

33882

17988

30896

48884

193

15871

16064

14333

9225

23558

4613

7901

12514

18946

17127

36073

19139

32998

52137

268

16009

16277

15199

9537

24737

4715

7959

12674

19915

17497

37412

20183

33506

53690

333

15827

16160

16007

9730

25738

4777

7746

12523

20784

17476

38261

21118

33303

54422

385

15639

16025

16347

9694

26041

5026

7552

12579

21373

17247

38621

21759

32887

54646

392

12918

13310

16658

9836

26495

5061

7120

12181

21719

16956

38676

22112

29875

51987

423

14335

14758

17730

10820

28550

5002

7171

12174

22733

17991

40725

23157

32326

55484

475

14980

15455

17821

10715

28537

4964

7013

11978

22786

17729

40515

23261

32709

55971

493

14482

14976

17909

10526

28436

4789

6661

11450

22699

17187

39886

23193

31669

54863

513

13643

14156

18045

10391

28436

4732

6200

10932

22777

16591

39369

23290

30235

53526

513

13109

13623

17975

10331

28306

4654

6004

10658

22629

16335

38964

23143

29444

52588

521

13283

13805

17995

10335

28331

4578

5836

10414

22574

16171

38746

23095

29455

52551

540

13462

14002

18031

10426

28457

4485

5701

10186

22516

16128

38644

23056

29590

52647

554

13117

13672

17922

10160

28082

4410

5508

9919

22332

15669

38002

22887

28787

51674

587

13324

13911

18139

10197

28336

4425

5468

9893

22564

15666

38230

23151

28990

52142

620

13691

14312

18326

10110

28437

4430

5363

9794

22757

15474

38231

23377

29166

52544

630

14218

14848

18280

28272

4428

5278

9706

22708

15270

37979

23339

29488

52828

650

14514

15164

18536

10265

28801

4385

5327

9712

22922

15592

38514

23572

30106

53678

679

15252

15931

18659

10303

28962

4393

5296

9690

23052

15600

38653

23731

30853

54585

697

15189

15887

18648

10285

28933

4396

5225

9621

23044

15510

38555

23742

30700

54442

708

14109

14818

18391

9722

28114

4326

4752

9078

22718

14474

37192

23427

28583

52011

718

14828

15546

18352

9694

28047

4340

4680

9020

22692

14374

37067

23411

29203

52614

722

16155

16878

18440

9778

28218

4348

4672

9020

22788

14450

37239

23511

30605

54117

736

16434

17171

18398

10091

28490

4330

4778

9108

22728

14869

37598

23465

31304

54769

743

17366

18109

18356

10473

28830

4201

4937

9138

22557

15411

37969

23301

32777

56078

16

804

19644

20449

18714

10808

29522

4050

4319

8369

22764

15127

37891

23569

34771

58341

1817

846

20176

21022

18787

11084

29872

4043

4353

8397

22831

15437

38269

23677

35613

59291

815

19532

20348

18689

10903

29592

4033

4297

8330

22723

15200

37923

23539

34732

58271

762

16854

17617

18724

10288

29012

4433

4830

9264

23157

15119

38276

23920

31973

55894

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

54

1454

1496

23

127

150

295

743

1038

61

1520

1566

25

139

165

309

763

1073

62

1553

1600

28

151

179

336

795

1131

66

1641

1690

29

157

186

355

813

1168

68

1691

1742

30

154

184

363

808

1172

68

1728

1779

31

153

184

365

843

1209

67

1754

1805

32

154

186

386

826

1212

57

1762

1805

30

154

185

352

818

1170

63

1837

1884

32

157

190

381

852

1234

64

1839

1887

32

158

191

380

860

1240

62

1821

1867

33

163

196

385

884

1270

60

1798

1843

33

164

197

384

883

1267

58

1779

1823

33

164

198

383

874

1258

58

1769

1812

35

162

198

375

864

1239

58

1768

1811

36

164

201

384

861

1246

56

1730

1772

37

161

198

383

853

1236

57

1746

1789

36

163

199

380

859

1240

58

1744

1788

36

161

198

381

854

1235

60

1746

1792

37

159

196

395

846

1241

61

1757

1803

37

162

200

416

847

1264

63

1770

1818

38

162

201

428

852

1280

62

1778

1826

39

161

200

449

853

1303

58

1731

1776

39

158

198

461

843

1305

60

1732

1778

37

156

193

458

830

1288

64

1749

1798

39

150

190

487

833

1320

65

1763

1813

39

152

192

484

824

1308

67

1806

1858

39

151

191

487

820

1308

69

1784

1837

40

152

193

495

818

1313

16

83

1816

1880

44

145

189

549

788

1338

1817

85

1847

1913

45

141

187

556

793

1349

83

1826

1890

44

143

187

552

787

1339

1

2

3

4





P21





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

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09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18


Other 13081 14691 14865 15871 16009 15827 15639 12918 14335 14980 14482 13643 13109 13283 13462 13117 13324 13691 14218 14514 15252 15189 14109 14828 16155 16434 16854 17366 19644 19532 20176

Total 13152 14792 15002 16064 16277 16160 16025 13310 14758 15455 14976 14156 13623 13805 14002 13672 13911 14312 14848 15164 15931 15887 14818 15546 16878 17171 17617 18109 20449 20348 21022

Conventional Lines


Other 7934 8340 8412 9225 9537 9730 9694 9836 10820 10715 10526 10391 10331 10335 10426 10160 10197 10110 9992 10265 10303 10285 9722 9694 9778 10091 10288 10473 10808 10903 11084

Total 20333 21297 21841 23558 24737 25738 26041 26495 28550 28537 28436 28436 28306 28331 28457 28082 28336 28437 28272 28801 28962 28933 28114 28047 28218 28490 29012 28830 29522 29592 29872


Other 8073 7764 7618 7901 7959 7746 7552 7120 7171 7013 6661 6200 6004 5836 5701 5508 5468 5363 5278 5327 5296 5225 4752 4680 4672 4778 4830 4937 4319 4297 4353

Total 12295 12137 12041 12514 12674 12523 12579 12181 12174 11978 11450 10932 10658 10414 10186 9919 9893 9794 9706 9712 9690 9621 9078 9020 9020 9108 9264 9138 8369 8330 8397


Other 16007 16105 16031 17127 17497 17476 17247 16956 17991 17729 17187 16591 16335 16171 16128 15669 15666 15474 15270 15592 15600 15510 14474 14374 14450 14869 15119 15411 15127 15200 15437

Total 32628 33435 33882 36073 37412 38261 38621 38676 40725 40515 39886 39369 38964 38746 38644 38002 38230 38231 37979 38514 38653 38555 37192 37067 37239 37598 38276 37969 37891 37923 38269

Total Commuter 16693 17430 17988 19139 20183 21118 21759 22112 23157 23261 23193 23290 23143 23095 23056 22887 23151 23377 23339 23572 23731 23742 23427 23411 23511 23465 23920 23301 23569 23539 23677

Other 29088 30796 30896 32998 33506 33303 32887 29875 32326 32709 31669 30235 29444 29455 29590 28787 28990 29166 29488 30106 30853 30700 28583 29203 30605 31304 31973 32777 34771 34732 35613

Total 45781 48227 48884 52137 53690 54422 54646 51987 55484 55971 54863 53526 52588 52551 52647 51674 52142 52544 52828 53678 54585 54442 52011 52614 54117 54769 55894 56078 58341 58271 59291



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 54 61 62 66 68 68 67 57 63 64 62 60 58 58 58 56 57 58 60 61 63 62 58 60 64 65 67 69 83 83 85


Total 1496 1566 1600 1690 1742 1779 1805 1805 1884 1887 1867 1843 1823 1812 1811 1772 1789 1788 1792 1803 1818 1826 1776 1778 1798 1813 1858 1837 1880 1890 1913



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 23 25 28 29 30 31 32 30 32 32 33 33 33 35 36 37 36 36 37 37 38 39 39 37 39 39 39 40 44 44 45


Total 150 165 179 186 184 184 186 185 190 191 196 197 198 198 201 198 199 198 196 200 201 200 198 193 190 192 191 193 189 187 187



88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Shinkansen 295 309 336 355 363 365 386 352 381 380 385 384 383 375 384 383 380 381 395 416 428 449 461 458 487 484 487 495 549 552 556


Total 1038 1073 1131 1168 1172 1209 1212 1170 1234 1240 1270 1267 1258 1239 1246 1236 1240 1235 1241 1264 1280 1303 1305 1288 1320 1308 1308 1313 1338 1339 1349





Other






















Expenses

Dividends etc

Interest expense

Optimal cost

calculated by


(Personnel cost

overheads)

Taxes

depreciation etc

Revenues

Increased revenues

from revised fares

Revenues from

current fares

Revenues from

express charges

Transportation

incidentals

Op

era

ting c

ost

s e

tc

ProfitOperational

return

Total cost
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907
























policies in Japan










01_jr_fact_2018e_180907

02_jr_fact_2018e_180827

03_jr_fact_2018e_180918

04_jr_fact_2018e_180918

05_jr_fact_2018e_180914

06_jr_fact_2018e_180914

07_jr_fact_2018e_180827

08_jr_fact_2018e_180907

09_jr_fact_2018e_180827

10_jr_fact_2018e_180914

11_jr_fact_2018e_180907

12_jr_fact_2018e_180914

13_jr_fact_2018e_180827

14_jr_fact_2018e_180918

15_jr_fact_2018e_180907

16_jr_fact_2018e_180907

17_jr_fact_2018e_180828

18_jr_fact_2018e_180918

19_jr_fact_2018e_180827

20_jr_fact_2018e_180827

21_jr_fact_2018e_180907

22_jr_fact_2018e_180827

h4_jr_fact_2018e_170907

Transportation Data				Years ended March 31


Passenger-Kilometers																																		Millions

			88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Shinkansen			Commuter		71		100		137		193		268		333		385		392		423		475		493		513		513		521		540		554		587		620		630		650		679		697		708		718		722		736		762		743		804		815		846

		Other		13081		14691		14865		15871		16009		15827		15639		12918		14335		14980		14482		13643		13109		13283		13462		13117		13324		13691		14218		14514		15252		15189		14109		14828		16155		16434		16854		17366		19644		19532		20176

		Total		13152		14792		15002		16064		16277		16160		16025		13310		14758		15455		14976		14156		13623		13805		14002		13672		13911		14312		14848		15164		15931		15887		14818		15546		16878		17171		17617		18109		20449		20348		21022

Conventional Lines

	Kyoto-Osaka-Kobe Area ldquoUrban Networkrdquo		Commuter		12399		12956		13428		14333		15199		16007		16347		16658		17730		17821		17909		18045		17975		17995		18031		17922		18139		18326		18280		18536		18659		18648		18391		18352		18440		18398		18724		18356		18714		18689		18787

		Other		7934		8340		8412		9225		9537		9730		9694		9836		10820		10715		10526		10391		10331		10335		10426		10160		10197		10110		9992		10265		10303		10285		9722		9694		9778		10091		10288		10473		10808		10903		11084

		Total		20333		21297		21841		23558		24737		25738		26041		26495		28550		28537		28436		28436		28306		28331		28457		28082		28336		28437		28272		28801		28962		28933		28114		28047		28218		28490		29012		28830		29522		29592		29872

	Other conventional lines		Commuter		4222		4373		4423		4613		4715		4777		5026		5061		5002		4964		4789		4732		4654		4578		4485		4410		4425		4430		4428		4385		4393		4396		4326		4340		4348		4330		4433		4201		4050		4033		4043

		Other		8073		7764		7618		7901		7959		7746		7552		7120		7171		7013		6661		6200		6004		5836		5701		5508		5468		5363		5278		5327		5296		5225		4752		4680		4672		4778		4830		4937		4319		4297		4353

		Total		12295		12137		12041		12514		12674		12523		12579		12181		12174		11978		11450		10932		10658		10414		10186		9919		9893		9794		9706		9712		9690		9621		9078		9020		9020		9108		9264		9138		8369		8330		8397

	Subtotal		Commuter		16621		17329		17851		18946		19915		20784		21373		21719		22733		22786		22699		22777		22629		22574		22516		22332		22564		22757		22708		22922		23052		23044		22718		22692		22788		22728		23157		22557		22764		22723		22831

		Other		16007		16105		16031		17127		17497		17476		17247		16956		17991		17729		17187		16591		16335		16171		16128		15669		15666		15474		15270		15592		15600		15510		14474		14374		14450		14869		15119		15411		15127		15200		15437

		Total		32628		33435		33882		36073		37412		38261		38621		38676		40725		40515		39886		39369		38964		38746		38644		38002		38230		38231		37979		38514		38653		38555		37192		37067		37239		37598		38276		37969		37891		37923		38269

Total			Commuter		16693		17430		17988		19139		20183		21118		21759		22112		23157		23261		23193		23290		23143		23095		23056		22887		23151		23377		23339		23572		23731		23742		23427		23411		23511		23465		23920		23301		23569		23539		23677

		Other		29088		30796		30896		32998		33506		33303		32887		29875		32326		32709		31669		30235		29444		29455		29590		28787		28990		29166		29488		30106		30853		30700		28583		29203		30605		31304		31973		32777		34771		34732		35613

		Total		45781		48227		48884		52137		53690		54422		54646		51987		55484		55971		54863		53526		52588		52551		52647		51674		52142		52544		52828		53678		54585		54442		52011		52614		54117		54769		55894		56078		58341		58271		59291

Passenger-Kilometers the total number of passengers times the number of kilometers each traveled


Number of Railway Passengers																																		Millions

			88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Shinkansen				54		61		62		66		68		68		67		57		63		64		62		60		58		58		58		56		57		58		60		61		63		62		58		60		64		65		67		69		83		83		85

Conventional lines				1454		1520		1553		1641		1691		1728		1754		1762		1837		1839		1821		1798		1779		1769		1768		1730		1746		1744		1746		1757		1770		1778		1731		1732		1749		1763		1806		1784		1816		1826		1847

Total				1496		1566		1600		1690		1742		1779		1805		1805		1884		1887		1867		1843		1823		1812		1811		1772		1789		1788		1792		1803		1818		1826		1776		1778		1798		1813		1858		1837		1880		1890		1913

Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger



Train-Kilometers																																		Millions

			88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Shinkansen				23		25		28		29		30		31		32		30		32		32		33		33		33		35		36		37		36		36		37		37		38		39		39		37		39		39		39		40		44		44		45

Conventional lines				127		139		151		157		154		153		154		154		157		158		163		164		164		162		164		161		163		161		159		162		162		161		158		156		150		152		151		152		145		143		141

Total				150		165		179		186		184		184		186		185		190		191		196		197		198		198		201		198		199		198		196		200		201		200		198		193		190		192		191		193		189		187		187

Train-Kilometers the total distance traveled by all trains


Passenger Car-Kilometers																																		Millions

			88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Shinkansen				295		309		336		355		363		365		386		352		381		380		385		384		383		375		384		383		380		381		395		416		428		449		461		458		487		484		487		495		549		552		556

Conventional lines				743		763		795		813		808		843		826		818		852		860		884		883		874		864		861		853		859		854		846		847		852		853		843		830		833		824		820		818		788		787		793

Total				1038		1073		1131		1168		1172		1209		1212		1170		1234		1240		1270		1267		1258		1239		1246		1236		1240		1235		1241		1264		1280		1303		1305		1288		1320		1308		1308		1313		1338		1339		1349

Passenter Car-Kilometers the total of the numbers of cars in the train times the number of kilometers each train traveled

Transportation Revenues					Years ended March 31

																																		Billions of yen

				88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		131		14		15		16		17		18

Railway

	Shinkansen			Commuter		10		14		18		24		32		40		46		48		52		58		62		64		65		66		69		71		75		79		79		82		85		87		88		89		89		90		93		93		101		102		107

			Other		2829		3197		3255		3508		3564		3535		3576		3030		3270		3444		3398		3202		3064		3064		3074		2989		3006		3054		3158		3204		3350		3303		3035		3149		3425		3479		3551		3665		4271		4243		4369

			Total		2839		3211		3274		3533		3597		3576		3623		3078		3322		3503		3460		3267		3130		3130		3143		3060		3081		3134		3238		3286		3435		3391		3124		3239		3515		3570		3644		3759		4372		4346		4477

	Conventional Lines

		Kyoto-Osaka-Kobe Area ldquoUrban Networkrdquo		Commuter		848		845		898		948		986		1039		1057		1063		1123		1133		1149		1147		1140		1140		1141		1134		1137		1143		1134		1153		1158		1159		1138		1133		1134		1132		1138		1152		1156		1164		1169

			Other		1385		1465		1531		1679		1732		1748		1744		1790		2025		2011		2004		1950		1928		1953		1947		1899		1883		1861		1840		1871		1875		1856		1723		1710		1738		1757		1783		1810		1865		1885		1920

			Total		2233		2310		2430		2627		2718		2787		2801		2853		3148		3144		3153		3098		3069		3093		3089		3033		3020		3004		2975		3024		3033		3015		2861		2844		2873		2889		2921		2962		3022		3050		3090

		Other conventional lines		Commuter		269		266		276		284		287		303		311		308		304		304		299		294		291		287		281		278		277		276		274		273		274		275		270		270		270		269		271		271		253		251		251

			Other		1448		1485		1499		1565		1579		1528		1505		1428		1457		1433		1379		1289		1244		1214		1182		1146		1123		1089		1072		1070		1069		1049		943		925		928		961		967		976		851		849		859

			Total		1718		1751		1775		1850		1867		1832		1816		1736		1761		1737		1679		1584		1535		1501		1464		1425		1400		1365		1347		1343		1344		1325		1214		1196		1198		1230		1239		1248		1105		1100		1110

		Subtotal		Commuter		1118		1111		1175		1233		1273		1343		1368		1371		1427		1437		1448		1442		1431		1427		1423		1412		1414		1419		1408		1426		1432		1435		1408		1403		1404		1402		1410		1423		1410		1415		1420

			Other		2833		2950		3030		3244		3312		3276		3249		3218		3482		3444		3384		3240		3172		3168		3130		3046		3006		2950		2913		2941		2945		2906		2666		2636		2667		2718		2750		2787		2717		2735		2779

			Total		3951		4061		4205		4477		4586		4619		4618		4589		4910		4881		4832		4682		4604		4595		4553		4458		4421		4370		4322		4368		4378		4341		4075		4040		4072		4120		4161		4210		4127		4150		4200

	Total			Commuter		1128		1125		1194		1257		1306		1384		1415		1420		1480		1496		1510		1506		1496		1493		1492		1483		1489		1498		1488		1508		1517		1522		1497		1493		1494		1493		1503		1516		1511		1518		1528

			Other		5663		6147		6286		6753		6876		6812		6826		6248		6752		6889		6783		6443		6237		6232		6204		6035		6012		6005		6071		6145		6295		6210		5702		5786		6092		6198		6302		6453		6988		6978		7149

			Total		6791		7272		7480		8010		8183		8196		8241		7668		8233		8385		8293		7950		7734		7726		7697		7518		7502		7504		7560		7654		7813		7732		7200		7280		7587		7691		7806		7970		8500		8496		8678

Luggage and ferry					08		08		08		07		07		07		07		06		06		06		06		05		05		05		05		05		05		04		04		04		04		04		00		00		00		00		00		00		00		00		00

Grand Total					6800		7281		7488		8018		8190		8204		8249		7675		8239		8391		8300		7955		7739		7731		7702		7523		7508		7509		7565		7658		7817		7737		7200		7280		7587		7691		7806		7970		8500		8496		8678


1 2014年3月期より「近畿圏」と「その他」の配分方法を見直しました新しい配分方法による2013年3月期の「近畿圏」の鉄道運輸収入計は2889億円「その他」の鉄道運輸収入計は1230億円です（英文は後ほど考えます）エイブン		We have revised the allocation method for revenue from non-commuter passes on conventional lines (Kansai Urban Area and Other Lines) from the fiscal year ended March 2014 Figures in the above chart for the fiscal year ended March 2013 have been retroactively calculated based on the new allocation method

	Under the previous allocation method transportation revenues for Kansai Urban Area and Other Lines in that fiscal year totaled 2914 billion and 1206 billion respectively

Non-Consolidated Financial Data					Years ended March 31


																																	Billions of yen

			88		89		90		91		92		93		94		951		96		97		98		992		00		01		02		03		04		053		06		07		08		09		10		11		12		13		14		15		16		17		18

Total Assets				14402		13376		12751		13142		22971		23065		23279		23551		22979		23334		22772		22420		22326		22478		21357		21168		21268		20980		21021		21518		22229		22151		22869		24057		23817		23333		23926		24444		24998		25989		26593

Total Liabilities				12832		11759		10876		10969		20584		20460		20477		20775		20046		20167		19493		19299		18859		18444		17470		17061		16875		16237		15999		16185		16705		16543		17188		18243		17933		17216		17531		18128		18337		18890		18976

Total Shareholdersrsquo Equity				1570		1616		1874		2172		2386		2604		2801		2775		2932		3166		3278		3120		3466		4033		3886		4107		4393		4743		5022		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash

Total Net Assets4				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		5333		5524		5607		5681		5813		5883		6116		6394		6315		6660		7099		7617

Operating Revenues				7631		8071		8343		8923		9172		9225		9376		8741		9362		9560		9460		9094		8851		8814		8698		8490		8458		8464		8512		8658		8794		8750		8167		8286		8621		8685		8736		8909		9542		9561		9762

	Transportation			6910		7281		7488		8018		8190		8204		8249		7675		8239		8391		8300		7955		7739		7731		7702		7523		7508		7509		7565		7658		7817		7737		7200		7280		7587		7691		7806		7970		8500		8496		8678

	Transportation incidentals			260		205		236		250		261		268		262		261		255		269		273		271		261		246		246		238		230		228		225		225		222		218		201		195		195		191		191		184		183		180		178

	Other operations			44		120		107		122		149		160		228		182		185		181		213		205		199		186		183		184		185		177		177		182		196		209		211		218		232		236		231		236		260		272		284

	Miscellaneous			417		463		510		531		570		592		636		621		681		717		671		662		650		650		566		544		534		548		544		591		557		584		554		592		605		565		507		517		598		611		621

Operating Expenses				6923		7277		7433		7698		7894		7782		8010		7730		7959		8259		8311		7967		7860		7844		7703		7457		7404		7364		7423		7568		7696		7729		7582		7528		7728		7661		7718		7789		8170		8206		8319

	Personnel costs			2682		2654		3006		2892		3034		3183		3298		3344		3418		3509		3585		3578		3501		3456		3305		3016		2945		2868		2761		2725		2699		2686		2652		2353		2379		2333		2354		2330		2333		2233		2214

		Salary		2561		2487		2521		2676		2821		2889		3012		3047		3073		3060		3078		2974		2850		2841		2702		2445		2375		2306		2218		2150		2134		2123		2089		2098		2115		2106		2137		2152		2166		2136		2120

		Retirement payment costs		120		167		484		215		212		294		286		297		345		448		507		603		650		614		602		570		569		562		543		574		564		562		563		255		263		227		217		177		166		96		94

	Non-personnel costs			2299		2386		2598		3011		3119		2947		3172		2955		3057		3265		3012		2777		2765		2750		2812		2882		2910		3005		3200		3379		3388		3339		3186		3334		3395		3427		3516		3690		3924		3943		4076

		Energy costs		394		384		404		431		434		436		438		414		433		424		438		405		393		382		392		384		366		369		348		343		344		382		335		337		362		371		431		453		441		405		440

		Maintenance costs		879		995		1118		1399		1432		1274		1364		1248		1284		1467		1209		1080		1123		1143		1168		1226		1219		1271		1407		1489		1486		1358		1281		1358		1333		1365		1390		1467		1528		1571		1614

		Miscellaneous costs		1025		1006		1076		1179		1252		1236		1369		1292		1340		1373		1365		1292		1249		1224		1251		1271		1324		1364		1444		1545		1558		1598		1569		1638		1699		1691		1695		1769		1954		1966		2021

	Shinkansen fees			943		943		740		740		366		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash

	Rental payments etc			55		56		58		58		58		58		59		79		90		100		230		228		238		315		313		310		308		246		247		246		246		253		250		251		236		234		236		187		269		302		302

	Taxes			91		109		149		197		216		258		264		206		291		271		380		313		310		303		300		293		282		297		287		281		286		291		293		298		309		317		316		320		319		349		357

		Enterprise tax		16		31		41		82		78		67		72		02		85		65		65		mdash		mdash		mdash		mdash		mdash		mdash		20		19		18		18		17		15		15		15		16		16		15		26		42		43

		Property taxes		18		19		93		99		121		154		158		168		174		176		267		277		277		273		269		263		254		251		244		237		243		249		253		258		264		271		268		273		263		276		283

		City planning taxes		04		04		10		11		12		14		15		16		17		18		26		27		27		26		25		24		22		21		20		19		20		21		21		21		21		21		21		21		21		22		22

		Other taxes		52		53		03		04		03		21		18		18		14		11		19		07		05		04		05		05		05		05		02		06		03		02		03		03		07		07		10		09		08		08		07

	Depreciation and amortization			851		1127		880		798		1099		1333		1215		1144		1100		1112		1102		1070		1044		1018		971		954		957		945		925		935		1075		1159		1199		1291		1407		1347		1293		1260		1323		1376		1368

Operating Income				708		793		909		1224		1278		1443		1365		1011		1403		1300		1148		1127		990		970		995		1032		1054		1100		1089		1089		1098		1020		585		758		892		1023		1017		1120		1372		1354		1443

	Non-operating revenues			89		142		100		129		114		124		148		117		106		89		71		72		75		72		62		53		51		50		52		55		62		67		60		70		71		64		65		65		63		61		62

	Non-operating expenses			717		762		607		479		732		1009		967		924		954		830		736		694		642		608		517		472		456		407		382		367		360		354		347		343		335		311		283		264		268		231		219

Recurring Profit				80		172		402		875		661		557		547		204		556		560		483		505		423		434		540		613		650		743		759		776		799		734		298		485		628		775		799		921		1167		1184		1286

	Extraordinary profit (loss)			11		09		19		(269)		06		11		11		(115)		04		26		05		(505)		19		16		54		15		34		77		(189)		(18)		(38)		11		44		(04)		(17)		01		12		(45)		(155)		(165)		(92)

		Extraordinary profit		83		105		182		192		157		298		296		398		620		441		499		431		483		1074		1051		426		1090		736		767		451		409		703		528		489		231		399		238		606		195		183		298

		Extraordinary loss		71		96		163		462		151		286		284		513		616		414		494		936		463		1058		996		411		1055		658		956		470		448		692		483		494		248		397		226		651		350		349		390

Net Income (Loss)				20		46		257		298		364		319		298		75		258		335		234		(56)		255		259		325		334		371		480		351		446		451		443		205		285		221		419		486		473		611		708		807

Note Figures in parentheses are negative values

1 The Hanshin-Awaji Earthquake struck in January 1995

2 Accounting items pertaining to enterprise tax have changed since the fiscal year ended March 1999 due to amendments to regulations governing the presentation of financial statements in Japan enacted in October 1998

In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC) the Company paid yen445 billion to the Japan Railways Group Mutual Aid Association in March 1999

3 Size-based corporate tax (part of enterprise tax) has been included in ldquoTaxesrdquo since the fiscal year ended March 2005

4 ldquoShareholdersrsquo Equityrdquo has been replaced by ldquoNet Assetsrdquo pursuant to Japanrsquos Companies Act which came into force on May 1 2006 The disclosure of related figures and items has been adjusted to reflect this change

Consolidated Financial Data					Years ended March 31

																													Billions of yen

			92		93		94		951		96		97		982		993		00		014		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Total Assets				23719		23845		24065		25775		25769		26700		26323		25741		25610		25763		24167		24327		24103		23643		23559		24016		24628		24618		25463		26724		26429		26137		26878		27864		28431		30078		30729

Total Liabilities				21292		21191		21200		22945		22787		23458		23004		22480		21970		21465		19864		19708		19069		18144		17639		17638		17919		17722		18442		19511		19094		18485		18805		19397		19168		19752		19566

Total Shareholdersrsquo Equity				2426		2654		2864		2829		2982		3242		3318		3126		3488		4136		4114		4405		4797		5243		5642		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash

Non-Controlling Interests5				[49]		[57]		[57]		[139]		[149]		[156]		[134]		135		152		161		188		213		235		254		277		[303]		[321]		[329]		[329]		[324]		[301]		[224]		[234]		[454]		[485]		[921]		953

Net Assets6				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		6378		6708		6896		7021		7212		7335		7681		8073		8467		9263		10326		11163

Operating Revenues (Revenues from third parties)				10785		10875		11094		10928		11793		12092		12291		12050		11910		11955		11906		11655		12157		12208		12400		12629		12901		12753		11901		12135		12876		12989		13310		13503		14513		14414		15004

		Transportation		9013		9044		9130		8457		9155		9349		9213		8893		8655		8632		8521		8315		8276		8294		8345		8485		8612		8561		7974		8064		8390		8449		8513		8684		9287		9291		9508

		Sales of goods and food services		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		1922		1952		1930		1968		1966		2039		2081		2128		2153		2019		2013		2335		2346		2401		2201		2320		2339		2398

		Sales of goods		1212		1241		1253		1318		1375		1355		1627		1742		1746		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash

		Real estate		mdash		mdash		mdash		mdash		375		405		416		394		489		568		576		572		579		588		628		627		767		711		709		757		935		909		1022		872		1088		1095		1396

		Other businesses		560		589		710		1152		887		982		1033		1020		1018		831		854		837		1332		1358		1387		1434		1393		1326		1196		1299		1214		1284		1371		1744		1815		1688		1700

Operating Income				1326		1479		1406		1019		1476		1366		1181		1179		1077		1118		1176		1226		1269		1331		1352		1353		1374		1225		765		959		1097		1294		1345		1397		1815		1763		1913

		Transportation		1216		1372		1289		923		1299		1202		1048		1016		867		866		884		932		944		993		980		972		974		891		452		611		767		901		910		1006		1251		1217		1303

		Sales of goods and food services		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		38		47		43		56		52		59		50		52		47		31		35		(29)		(04)		44		15		53		52		72

		Sales of goods		14		06		08		(02)		07		03		00		04		20		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash

		Real estate		mdash		mdash		mdash		mdash		89		87		85		104		133		133		153		161		180		189		205		212		246		226		225		222		259		280		277		251		327		322		357

		Other businesses		92		98		108		106		77		86		58		65		64		81		98		94		96		101		114		125		110		67		67		96		103		123		118		156		224		204		199

		Elimination and intergroup		03		01		(00)		(08)		01		(12)		(10)		(12)		(08)		(00)		(07)		(05)		(08)		(06)		(07)		(07)		(10)		(07)		(10)		(06)		(03)		(04)		(05)		(33)		(41)		(33)		(20)

	Non-operating revenues			132		138		158		137		122		109		85		91		99		93		82		63		73		62		74		71		79		82		76		94		79		68		77		90		78		80		90

	Non-operating expenses			741		1017		975		914		983		859		785		753		700		651		558		502		484		434		405		383		364		358		360		365		352		316		294		268		271		237		226

	Balance of financial expenses			mdash		mdash		mdash		mdash		(818)		(748)		(717)		(704)		(669)		(618)		(538)		(488)		(453)		(423)		(394)		(369)		(349)		(340)		(336)		(333)		(324)		(300)		(275)		(249)		(233)		(216)		(202)

		Interest and dividends income		mdash		mdash		mdash		mdash		25		16		17		15		10		13		05		02		03		03		03		03		04		05		06		04		04		03		05		09		07		06		07

		Interest expenses		mdash		mdash		mdash		mdash		843		765		735		720		680		631		543		491		457		426		397		372		354		345		343		337		329		304		280		258		241		223		209

Recurring Profit				717		600		589		242		615		616		480		517		476		560		700		787		858		959		1021		1041		1088		948		481		689		824		1046		1129		1219		1622		1607		1777

	Extraordinary profit(loss)			05		07		10		(135)		02		29		(07)		(511)		(34)		(08)		132		(11)		28		94		(222)		(32)		(72)		(01)		(44)		(79)		(22)		(49)		(12)		07		(171)		(230)		(71)

		Extraordinary profit		158		304		297		450		630		459		549		447		518		1091		1092		445		1109		792		785		473		446		726		544		511		276		415		263		695		215		196		328

		Extraordinary loss		152		297		287		586		628		430		557		959		553		1099		960		456		1080		697		1008		506		519		728		588		590		298		465		276		687		386		426		399

Profit attributable to owners of parent				378		329		311		82		273		356		199		(90)		250		309		455		416		470		589		465		567		577		545		248		349		294		601		656		667		858		912		1104

Cash Flows From Operating Activities(A)				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		1547		1387		995		1302		1402		1429		1640		1886		2221		1788		1613		2232		2062		2380		2377		2236		2598		2341		2751

Cash Flows From Investing Activities(B)				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		(992)		94		177		(633)		(916)		(849)		(1017)		(1317)		(1792)		(1726)		(2087)		(2462)		(1991)		(1547)		(1653)		(2129)		(2332)		(2958)		(1663)

Free Cash Flows(A+B)				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		555		1481		1173		668		485		580		623		568		429		61		(474)		(230)		70		832		723		107		266		(616)		1087

Cash Flows From Financing Activities (C)				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		(665)		(1332)		(1671)		(715)		(679)		(664)		(693)		(546)		(558)		(101)		546		514		(368)		(852)		(478)		16		(313)		443		(714)

Net increase (decrease) in cash equivalents (A+B+C)				mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		(80)		148		(497)		(47)		(186)		(84)		(68)		21		(129)		(34)		99		284		(291)		(19)		245		123		(46)		(173)		373


Note Figures in parentheses are negative values

1 The Hanshin-Awaji Earthquake struck in January 1995

2 Kyoto Station Building opened in September 1997

3 In accordance with the Law on the Disposition of the Liability owed by the Japan National Railways Settlement Corporation (JNRSC) the Company paid yen445 billion to the Japan Railways Group Mutual Aid Association in March 1999

4 Since the fiscal year ended March 2001 the food and beverages business which had been previously included in the ldquoOther businessesrdquo segment has been included in the ldquoSales of goods and food servicesrdquo segment

in accordance with the restructuring of related subsidiaries To describe their businesses properly the ldquoSales of goodsrdquo segment has changed its name to the ldquoSales of goods and food servicesrdquo segment

Also two subsidiaries have been transferred to the ldquoReal estate businessrdquo segment from the ldquoSales of goodsrdquo segment

5 Non-Controlling Interests were included in liabilities prior to the fiscal year ended March 1998 and are accounted for as part of net assets from the fiscal year ended March 2007 All these are indicated by ( )

6 ldquoShareholdersrsquo Equityrdquo has been replaced by ldquoNet Assetsrdquo pursuant to Japanrsquos Companies Act which came into force on May 1 2006 The disclosure of related figures and items has been adjusted to reflect this change

Management Indicators			Years ended March 31


	92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		129		13		14		15		16		17		18

Consolidated

Operating Income Ratio ()		123		136		127		93		125		113		96		98		90		94		99		105		104		109		109		107		107		96		64		79		85		100		101		104		125		122		128

Recurring Profit Ratio ()		66		55		53		22		52		51		39		43		40		47		59		68		71		79		82		82		84		74		40		57		64		81		85		90		112		112		118

Return on Operating Revenues ()		35		30		28		08		23		29		16		(07)		21		26		38		36		39		48		38		45		45		43		21		29		23		46		49		49		59		63		74

Return on Total Assets (ROA) ()1		71		62		59		41		57		52		45		45		42		44		47		51		52		56		57		57		56		50		31		37		41		49		51		51		64		60		63

Return on Equity (ROE) ()2		164		130		113		29		94		115		61		(28)		76		81		110		98		102		118		85		97		93		84		37		52		42		83		86		84		102		100		113

Current Ratio ()		574		634		691		697		549		585		485		474		494		530		425		413		371		431		384		428		382		409		521		538		441		477		553		690		651		645		790

Equity Ratio ()		102		111		119		110		116		121		126		121		136		161		170		181		199		222		239		253		259		267		263		258		266		285		292		288		309		313		332

Debt-Equity Ratio (times)3		66		58		52		55		50		47		47		50		43		33		31		27		24		21		18		16		15		15		16		16		15		13		13		13		11		11		10

Interest-coverage Ratio (times)		19		16		16		13		18		18		16		17		16		18		22		25		28		31		34		36		39		36		22		29		33		43		48		54		75		79		92

EBITDA ( billions)4		mdash		mdash		mdash		mdash		2695		2608		2442		2429		2304		2319		2328		2357		2423		2469		2471		2481		2654		2595		2184		2468		2791		2903		2885		2893		3381		3391		3561

Earnings (Net Income) per Share (EPS) ()		18948		16454		15593		4102		13699		17819		9966		(4507)		12546		15481		22769		20740		23423		29463		23282		28415		28954		27729		12837		18066		15229		31087		33898		34458		44353		47152		57072

Book-value (Net Assets) per Share(BPS) ()5		121322		132724		3		141496		149118		162133		165917		156309		174424		206823		205740		220285		239876		262233		282245		303906		322294		339113		345568		355712		363241		385082		404831		413865		453429		485750		527342

Dividend per Share ()		5000		5000		5000		5000		5000		6000		5000		5000		5000		5000		5000		5000		6500		6000		6000		6000		6000		7000		7000		8000		90		110		115		125		135		140		160

Payout Ratio ()		264		304		321		1219		365		337		502		mdash		399		323		220		241		278		204		258		211		207		252		545		443		591		354		339		363		304		297		280

Dividend on Equity (DOE) ()6		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		22		20		19		21		20		23		25		29		29		31		31		30		32

Rate of total distribution on net assets ()7		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		mdash		29		31		31		30		32

Consolidated Non-Consolidated Ratio(Operating Revenues) (times)		113		118		118		125		mdash		126		130		133		135		136		137		137		144		144		146		146		147		146		146		146		149		150		152		152		152		151		154

ConsolidatedNon-Consolidated Ratio(Net Income) (times)		104		103		104		108		106		106		085		mdash		098		119		140		124		126		123		132		127		128		123		121		123		133		144		135		141		140		129		137

Non-Consolidated

Operating Income Ratio ()		139		156		146		116		150		136		121		124		112		110		114		122		125		130		128		126		125		117		72		91		104		118		116		126		144		142		148

Recurring Profit Ratio ()		72		60		58		23		59		59		51		56		48		49		62		72		77		88		89		90		91		84		36		59		73		89		92		103		122		124		132

Return on Operating Revenues ()		40		35		32		09		28		35		25		(06)		29		29		37		39		44		57		41		52		51		51		25		34		26		48		56		53		64		74		83

Note Results before fiscal year ended March 1998 = Before Enterprise Tax Readjustment

1 Return on Total Assets (ROA) = Operating Income [(Total Assets at the end of the previous fiscal year + Total Assets at the end of the fiscal year under review) 2]

2 Return on Equity (ROE) = Net Income [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]

3 Debt-Equity Ratio = Long-term Debt and Payables Total Shareholdersrsquo Equity

4 EBITDA = Operating Income (After Enterprise Tax Readjustment) + Depreciation Expense + Amortization of goodwill

5 Book-value (Net Assets) per Share (BPS) = Equity at the end of the fiscal year under review Number of Shares at the end of the fiscal year under review

6 Dividend on Equity (DOE) = Dividend per Share [(BPS at the end of the previous fiscal year + BPS at the end of the fiscal year under review) 2]

7 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) consolidated net assets

8 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share

Uses of Cash Flows

Capital Expenditures (Own Funds)				Years ended March 31

Consolidated																									Billions of yen

		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Capital Expenditures			1715		2031		1550		968		1006		863		883		1054		1208		1131		1253		1449		1879		1639		2101		2600		1954		1529		1667		2256		2331		1924		1694

Depreciation and Amortization			1219		1241		1261		1250		1226		1200		1151		1130		1153		1136		1119		1128		1280		1370		1419		1508		1693		1608		1539		1495		1566		1627		1635

Non-Consolidated																																	Billions of yen

		88		89		90		91		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Capital Expenditures			382		468		544		774		922		970		992		1378		1190		1371		940		844		1000		718		892		857		1023		928		1063		1172		1596		1284		1655		2085		1508		1248		1445		1864		1987		1598		1278

Safety-related			170		282		301		445		515		676		596		547		718		484		570		388		595		419		500		559		609		467		568		814		998		772		956		1251		977		727		893		902		1260		1050		832

Depreciation and Amortization			851		1127		880		798		1099		1333		1215		1144		1100		1112		1102		1070		1044		1018		971		964		957		945		925		935		1075		1159		1199		1291		1407		1347		1293		1260		1323		1376		1368

Dividends					Years ended March 31																									yen

		92		93		94		95		96		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Dividend per Share			50		50		50		50		50		60		50		50		50		50		50		50		65		60		60		60		60		70		70		80		90		110		115		125		135		140		160

Payout Ratio			264		304		321		1219		365		337		502		mdash		399		323		220		241		278		204		258		211		207		252		545		443		591		354		339		363		304		297		280

Note One common share is divided into 100 hsares on July 1 2011 Divided per share have been recaluculatd based on the number of shares after division

Long-Term Debt and Payables					As of March 31


Consolidated																								Billions of yen

		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Long-Term Debtand Payables			15391		15629		15544		14989		13856		12579		12007		11385		10816		10249		9867		9572		9532		10389		11026		10688		9830		9807		10042		10018		10379		10322

Average Interest Rate			504		474		462		436		424		402		396		382		378		371		362		356		349		319		297		286		284		263		240		225		197		186



Non-Consolidated																								Billions of yen

		97		98		99		00		01		02		03		04		05		06		07		08		09		10		11		12		13		14		15		16		17		18

Long-Term Debtand Payables			14268		14227		14221		13788		12679		11654		11161		10640		10142		9611		9510		9357		9343		10220		10879		10563		9725		9722		9977		9956		10315		10270

	Shinkansen Purchase Liability		8730		8424		8105		7757		7426		6342		6001		5653		5284		4905		4550		4192		3852		3523		3229		2845		2442		2051		1676		1346		1046		1038

	Bonds		1083		1583		2149		2149		2000		2150		2150		2100		2200		2200		2499		2799		2899		3849		4449		4549		4499		4599		4799		4949		5349		5249

	Other		4455		422		3966		3881		3252		3162		3010		2886		2657		2505		2460		2365		2591		2847		3199		3168		2783		3071		3500		3660		3918		3982

Average Interest Rate			504		482		463		447		436		410		402		386		381		374		365		357		350		319		297		285		284		262		240		225		197		187

fact sheets 2018...sales of goods and food services, department store, wholesale of various goods...

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