Upload
others
View
8
Download
0
Embed Size (px)
Citation preview
CONTENTS
Corporate Overview
1
2
3
4
Businesses
Revenue Composition Service Area
Revision of the JR-West Group Medium-Term Management Plan 2022
Large-scale projects
5
6
7
Operating Environment
Operating Area Population and Gross Production
Demand from Inbound Travel
Airport and Expressway Networks
8
9
10
11
12
13
14
Business
Sanyo Shinkansen Line Shinkansen Versus Airlines
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
Kansai Urban Area (Kyoto-Osaka-Kobe Area)
Railway-related projects in the 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 (Consolidated Non-Consolidated)
Management Indicators
Consolidated Financial Data
Non-Consolidated Financial Data
Transportation Revenues
Transportation Data
22
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
httpswwwwestjrcojpglobalenir Making Our Vision into Reality
Continuity Progress
Year ended March 31 2020
Fact Sheets 2020
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 1Fact Sheets 2020
CONSOLIDATED SEGMENT As of March 31 2020
Railway Services
bull Shinkansen Conventional lines
Consolidated subsidiary 1 company
Subsidiary Sagano Scenic Railway
Ferry Services
Consolidated subsidiary 1 company
Subsidiary JR West Miyajima Ferry Co Ltd
Bus Services
bull Express buses conventional buses
Consolidated subsidiaries 2 companies
Subsidiaries West Japan JR Bus Company
Chugoku JR Bus Company
Shopping Centers
bull Operation of shopping centers in station buildings and surrounding
areas of stations
Consolidated subsidiaries 11 companies
Main subsidiaries JR West Japan Shopping Center Development Company
KOBE SC DEVELOPMENT COMPANY
Real Estate Lease and Sale
bull 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
Consolidated subsidiaries 4 companies
Subsidiaries Kyoto Station Building Development Co Ltd
Osaka Terminal Building Company
JR WEST REAL ESTATE amp DEVELOPMENT COMPANY
JR West Properties Co Ltd
Real EstateTransportation
Other BusinessesRetail
Sales of Goods and Food Services
Consolidated subsidiaries 2 companies
Subsidiaries Japan Railway West Trading Company
West Japan Railway Sanin Development Company
bull Operation of stores within railway stations
(convenience stores gift shops restaurants etc)
bull Operation of VIA INN accommodation-oriented budget hotels
Consolidated subsidiaries 7 companies
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
Consolidated subsidiary 1 company
Subsidiary West Japan Railway Isetan Limited
Hotels
bull Operation of hotels directly connected to main stations
Consolidated subsidiaries 6 companies
Main subsidiaries West Japan Railway Hotel Development Limited
Hotel Granvia Osaka Co Ltd
Travel Services
Consolidated subsidiary 1 company
Subsidiary Nippon Travel Agency Co Ltd
Construction
bull Construction Maintenance Works Electric Works etc
Consolidated subsidiaries 10 companies
Main subsidiaries DAITETSU KOGYO Co LTD
WEST JAPAN RAILWAY
TECHNOS CORPORATION
Nishinihon Electric System Co Ltd
bull Advertising Services Cleaning and Maintenance Works etc
Consolidated subsidiaries 18 companies
Main subsidiaries West Japan Marketing Communications Inc
JR West MAINTEC Co LTD
Others
Corporate Overview
Businesses
CORPORATE PROFILE As of March 31 2020
Date of establishment April 1 1987
Common stock yen100 billion
Shares outstanding 191334500
Employees at work 24439 (non-consolidated) 48323 (consolidated)
Number of subsidiaries 156 (incl 64 consolidated subsidiaries)
As of March 31 2020
Railway ServicesTotal route length 49031 kilometers Shinkansen 8126 kilometers Conventional lines 40905 kilometers
Number of stations 1174
Number of passenger cars 6441
Number of passengers Total 1911 million Shinkansen 82 million Conventional lines 1848 million Kansai Urban Area 1540 million Other 361 million
Passenger-kilometers Total 58588 million Shinkansen 20610 million Conventional lines 37977 million Kansai Urban Area 29693 million Other 8284 million
Train-kilometers per day Total 517thousand Shinkansen 124 thousand Conventional lines 393 thousand
BUSINESSES
The total route length is the sum of the Shinkansen
and conventional lines
Changed name to JR
West Urban Development
Co Ltd in August 2020
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 2Fact Sheets 2020
61332
205
150
515359
126
64324
213
120
619
150
109
122
REVENUE COMPOSITION FY ended March 31 2020
KyushuShinkansen
Sanyo Shinkansen
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
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
OPERATING REVENUES(REVENUES FROM THIRD PARTIES)
OPERATING INCOME
Total
yen1606 billion
TOTAL ASSETS (As of March 31 2020)RAILWAY REVENUES
Total
yen8568 billion
Total
yen32752 billion
Note Percentages of operating income and total assets calculated excluding consolidation adjustment amounts
Corporate Overview
Revenue Composition Service Area
Total
yen15082 billion
Transportation yen9334 billion
Retail yen2260 billion
Real Estate yen1651 billion
Other Businesses yen1836 billion
Transportation yen1053 billion
Retail yen38 billion
Real Estate yen349 billion
Other Businesses yen197 billion
Shinkansen yen4412 billion
Kansai Urban Area (Kyoto-Osaka-Kobe Area)
yen3075 billion
Other Conventional Lines yen1081 billion
Transportation yen21408 billion
Retail yen1118 billion
Real Estate yen7172 billion
Other Businesses yen5228 billion
Conventional Lines
Kansai Urban Area
Area of Other Conventional Lines
Shinkansen
(JR-West)
HokurikuShinkansen
(JR-East)
HokurikuShinkansen
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 3Fact Sheets 2020
Revision of the JR-West Group Medium-Term Management Plan 2022
Capital Expenditure Plan
At the end of the reformreconstruction period (end of FY20283) aim for recovery to DE ratio of approximately 1 time
Business Performance Targets
Financial StrategyOperating Environment Changes and Future Strategic Direction
Financial Foundation Recovery
Priority ranking for uses of cash (~ FY20283)
In regard to the reformrestoration period (phase 2) while taking this policy into account we will consider this
once again in conjunction with specific plan formulated with next medium-term management plan
EBITDA = Operating Income + Depreciation Expense + Amortization of goodwill
Results forFY20183
Objectives forFY20233
(As of April 2018)
Operating Revenues
Transportation
Retail business
Real estate business
Other
Operating Income
Transportation
Retail business
Real estate business
Other
Recurring Profit
Profit attributable to owners of parent
Consolidated EBITDA
Consolidated ROA
(Reference) Consolidated ROE
Transportation revenues
15004
9508
2398
1396
1700
1913
1303
72
357
199
1777
1104
3561
63
113
8678
16300
9775
2810
1685
2030
2100
1395
100
415
230
1970
1280
4000
Mid-6 range
Approx 10
8900
Objectives forFY20233
(October 2020 revision)
14500
8550
2300
1850
1800
1400
830
50
390
180
1250
800
3300
Approx 4
Approx 9
7750
[Priority ranking (1)]bull Safety is the highest priority Steadfastly maintain the ldquoRailway Safety
Think-and-Act Plan 2022rdquo
bull We will control the total amount of investment to a certain extent but we will steadily advance investment necessary to enhance safety
[Priority ranking (2)]bull Working to rapidly restore our financial foundationbull Advancing investment with a focus on projects that contribute to increases in
future corporate value and taking steps to create new value such as providing services that utilize digital technologies
bull Basic policy of stable dividends over the long term During the current medium-term management plan aiming for a dividend payout ratio of approximately 35 in FY20233
We withdraw our policy of making our yardstick total return ratio of approximately 40 over the period of this plan and making flexible acquisitions of treasury stock
Safetycapex
DebtreductionCapex for
growthShareholder
return(dividends)
OperatingCash flow
Bondsloanspayable etc
Dramatic changes in the external environment due to the spread of the novel coronavirus infection (changes in behavior such as telework and online meetings diversification of values)
We are assuming transportation revenues our mainstay will return only to approximately 90 ofthe level before the coronavirus Focusing on the circumstances regarding the resolution of the coronavirus situation Flexiblyadding revisions to the medium-term management plan
OperatingEnvironmentChanges andAssumptions
Medium-Term Management Plan 2022(At time of announcement in April 2018)
yen1270 billion (Breakdown by segment)
(Breakdown by segment)
Capex for growthyen460 billion
TransportationOperationsyen940 billion
Retail business yen20 billion
Real estate businessyen260 billion
Other yen50 billion
Capex for maintenanceand upgradesyen810 billion
Safety capexyen530 billion
Medium-Term Management Plan 2022(October 2020 revision)
yen1250 billion(-yen20 billion)
Figures in parentheses show the difference
from the time of the announcement
in April 2018
For details on the revision of the JR-West Group Medium-Term Management Plan 2022 please visit our website (httpswwwwestjrcojpglobalenirlibrarymeetingpdfpresen20201102pdf)
Other yen50 billion
Uses of cashFund-raising
Anticipated uses of cash to FY20283
Indication of our future direction with consideration for our understanding of current circumstances in which we cannot predict the details of the changes in society in the period after the coronavirus (The period until the next medium-term management plan (FY20283) has been positioned as a time for reform and restoration)
Reconfirmation of our ldquounchanging valuesrdquo and the ldquomeaning of the JR West Grouprsquos existencerdquoeven in the midst of change
On that basis our understanding of ldquothings that we will changerdquo with the assumptions that the financial position will worsen and that usage will not return to the previous status
Direction ofrevisions
3 Strengthening management
2 Enhancing Coexistence with Local Communities and taking on the challenge of creating new value
1 Enhancing safety with the Fukuchiyama Line accident as the starting point
Fo
ur Axes
Our V
ision
Ro
adm
ap Reformreconstruction period(Phase 1)
Reformreconstruction period(Phase 2)
Next medium-term management plan and thereafterMedium-term managementplan 2022
Evolutiongrowth period
Unchanging values meaning of the JR West Grouprsquos existence
Things that we will change
Things that we will change
Unchanging values meaning of the JR West Grouprsquosexistence things that we will change
4 Reforming the Company to enhance our ability to address change
FY213 FY233 FY243 FY283 FY293mdash
Corporate Overview
Capex for growthyen500 billion(+yen40 billion)
Capex for maintenanceand upgradesyen750 billion(-yen60 billion)
Safety capexyen500 billion(-yen30 billion)
TransportationOperationsyen860 billion(-yen80 billion)
Retail business yen30 billion(+yen10 billion)
Real estate businessyen310 billion(+yen50 billion)
(Billions of yen)
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 4Fact Sheets 2020
Large-scale projects
Osaka Hiroshima
bull Planned opening Spring 2025
bull Building area Approx 14000 m2
bull Total floor space Approx 111000 m2
bull Scale Above ground 20 floors
below ground 1 floor height Approx 100 m
bull Uses
- Shopping center cinema complex
(Store floor space approximately 25000 m2)
- High-class accommodation-oriented
hotel VISCHIO
(Approximately 400 rooms)
- Parking lot directly connected to
station building (Approx 500 spaces)
- Parking lot in separate building
(Approx 400 spaces)
Toyama
bull Planned opening Spring 2022
bull Site area Approx 7930 msup2
bull Total floor space Approx 38100 msup2
bull Scale Above ground 12 floors
bull Uses
- Commercial facilities (approx 80 stores)
- High-class accommodation-oriented hotel
VISCHIO (Approximately 180 rooms)
- Multistory parking lot (approx 400 spaces
over 5 floors)
(4) Development of the area west of Osaka Station
(3) New station building development
Corporate Overview
(1) New ticket gates passageway located inside ticket gates
(2) Development under elevated tracks bull Opening In stages from fall 2024 to
fall 2027
bull Total floor space approx 7000 m2
bull Uses Commercial facilities bus
terminal etc
(3) New station building development bull Opening Fall 2024
bull Total floor space approx 59000 m2
bull Scale Above ground 23 floors
below ground 1 floor
bull Uses Offices commercial facilities etc
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name)) Joint project with Japan Post Co Ltd and JTB Corporation
bull Opening Completion planned for March 2024
bull Total floor space approx 227000 m2
bull Scale Above ground 39 floors below ground 3 floors
bull Uses Offices commercial facilities hotels theater etc
New ticket gates at Osaka Station
(announced December 2019)
(1) New ticket gates passageway located inside ticket gates
(3) New station building development
(2) Development under elevated tracks
Umekita (Osaka)underground station
(planned opening in spring 2023)
Development plan forthe area west ofOsaka Station
YodobashiCamera
Daimaru Umeda
LUCUA
LUCUA1100
North GateBuilding
HanshinDepartment store
HankyuDepartment
store
Hilton Osaka
Herbis Plaza ENT
OsakaStation Cityparking lot
promenade
Bus term
inalC
omm
ercial
facility zone
South GateBuilding
Hotel GranviaOsaka
Umekita Plaza
JR Osaka station
Um
eda subway station
Higashi-U
meda
subway station
Nishi-U
med
asub
way statio
n
Hanshin Osaka-Umeda statio
n
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name))
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 1Fact Sheets 2020
CONSOLIDATED SEGMENT As of March 31 2020
Railway Services
bull Shinkansen Conventional lines
Consolidated subsidiary 1 company
Subsidiary Sagano Scenic Railway
Ferry Services
Consolidated subsidiary 1 company
Subsidiary JR West Miyajima Ferry Co Ltd
Bus Services
bull Express buses conventional buses
Consolidated subsidiaries 2 companies
Subsidiaries West Japan JR Bus Company
Chugoku JR Bus Company
Shopping Centers
bull Operation of shopping centers in station buildings and surrounding
areas of stations
Consolidated subsidiaries 11 companies
Main subsidiaries JR West Japan Shopping Center Development Company
KOBE SC DEVELOPMENT COMPANY
Real Estate Lease and Sale
bull 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
Consolidated subsidiaries 4 companies
Subsidiaries Kyoto Station Building Development Co Ltd
Osaka Terminal Building Company
JR WEST REAL ESTATE amp DEVELOPMENT COMPANY
JR West Properties Co Ltd
Real EstateTransportation
Other BusinessesRetail
Sales of Goods and Food Services
Consolidated subsidiaries 2 companies
Subsidiaries Japan Railway West Trading Company
West Japan Railway Sanin Development Company
bull Operation of stores within railway stations
(convenience stores gift shops restaurants etc)
bull Operation of VIA INN accommodation-oriented budget hotels
Consolidated subsidiaries 7 companies
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
Consolidated subsidiary 1 company
Subsidiary West Japan Railway Isetan Limited
Hotels
bull Operation of hotels directly connected to main stations
Consolidated subsidiaries 6 companies
Main subsidiaries West Japan Railway Hotel Development Limited
Hotel Granvia Osaka Co Ltd
Travel Services
Consolidated subsidiary 1 company
Subsidiary Nippon Travel Agency Co Ltd
Construction
bull Construction Maintenance Works Electric Works etc
Consolidated subsidiaries 10 companies
Main subsidiaries DAITETSU KOGYO Co LTD
WEST JAPAN RAILWAY
TECHNOS CORPORATION
Nishinihon Electric System Co Ltd
bull Advertising Services Cleaning and Maintenance Works etc
Consolidated subsidiaries 18 companies
Main subsidiaries West Japan Marketing Communications Inc
JR West MAINTEC Co LTD
Others
Corporate Overview
Businesses
CORPORATE PROFILE As of March 31 2020
Date of establishment April 1 1987
Common stock yen100 billion
Shares outstanding 191334500
Employees at work 24439 (non-consolidated) 48323 (consolidated)
Number of subsidiaries 156 (incl 64 consolidated subsidiaries)
As of March 31 2020
Railway ServicesTotal route length 49031 kilometers Shinkansen 8126 kilometers Conventional lines 40905 kilometers
Number of stations 1174
Number of passenger cars 6441
Number of passengers Total 1911 million Shinkansen 82 million Conventional lines 1848 million Kansai Urban Area 1540 million Other 361 million
Passenger-kilometers Total 58588 million Shinkansen 20610 million Conventional lines 37977 million Kansai Urban Area 29693 million Other 8284 million
Train-kilometers per day Total 517thousand Shinkansen 124 thousand Conventional lines 393 thousand
BUSINESSES
The total route length is the sum of the Shinkansen
and conventional lines
Changed name to JR
West Urban Development
Co Ltd in August 2020
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 2Fact Sheets 2020
61332
205
150
515359
126
64324
213
120
619
150
109
122
REVENUE COMPOSITION FY ended March 31 2020
KyushuShinkansen
Sanyo Shinkansen
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
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
OPERATING REVENUES(REVENUES FROM THIRD PARTIES)
OPERATING INCOME
Total
yen1606 billion
TOTAL ASSETS (As of March 31 2020)RAILWAY REVENUES
Total
yen8568 billion
Total
yen32752 billion
Note Percentages of operating income and total assets calculated excluding consolidation adjustment amounts
Corporate Overview
Revenue Composition Service Area
Total
yen15082 billion
Transportation yen9334 billion
Retail yen2260 billion
Real Estate yen1651 billion
Other Businesses yen1836 billion
Transportation yen1053 billion
Retail yen38 billion
Real Estate yen349 billion
Other Businesses yen197 billion
Shinkansen yen4412 billion
Kansai Urban Area (Kyoto-Osaka-Kobe Area)
yen3075 billion
Other Conventional Lines yen1081 billion
Transportation yen21408 billion
Retail yen1118 billion
Real Estate yen7172 billion
Other Businesses yen5228 billion
Conventional Lines
Kansai Urban Area
Area of Other Conventional Lines
Shinkansen
(JR-West)
HokurikuShinkansen
(JR-East)
HokurikuShinkansen
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 3Fact Sheets 2020
Revision of the JR-West Group Medium-Term Management Plan 2022
Capital Expenditure Plan
At the end of the reformreconstruction period (end of FY20283) aim for recovery to DE ratio of approximately 1 time
Business Performance Targets
Financial StrategyOperating Environment Changes and Future Strategic Direction
Financial Foundation Recovery
Priority ranking for uses of cash (~ FY20283)
In regard to the reformrestoration period (phase 2) while taking this policy into account we will consider this
once again in conjunction with specific plan formulated with next medium-term management plan
EBITDA = Operating Income + Depreciation Expense + Amortization of goodwill
Results forFY20183
Objectives forFY20233
(As of April 2018)
Operating Revenues
Transportation
Retail business
Real estate business
Other
Operating Income
Transportation
Retail business
Real estate business
Other
Recurring Profit
Profit attributable to owners of parent
Consolidated EBITDA
Consolidated ROA
(Reference) Consolidated ROE
Transportation revenues
15004
9508
2398
1396
1700
1913
1303
72
357
199
1777
1104
3561
63
113
8678
16300
9775
2810
1685
2030
2100
1395
100
415
230
1970
1280
4000
Mid-6 range
Approx 10
8900
Objectives forFY20233
(October 2020 revision)
14500
8550
2300
1850
1800
1400
830
50
390
180
1250
800
3300
Approx 4
Approx 9
7750
[Priority ranking (1)]bull Safety is the highest priority Steadfastly maintain the ldquoRailway Safety
Think-and-Act Plan 2022rdquo
bull We will control the total amount of investment to a certain extent but we will steadily advance investment necessary to enhance safety
[Priority ranking (2)]bull Working to rapidly restore our financial foundationbull Advancing investment with a focus on projects that contribute to increases in
future corporate value and taking steps to create new value such as providing services that utilize digital technologies
bull Basic policy of stable dividends over the long term During the current medium-term management plan aiming for a dividend payout ratio of approximately 35 in FY20233
We withdraw our policy of making our yardstick total return ratio of approximately 40 over the period of this plan and making flexible acquisitions of treasury stock
Safetycapex
DebtreductionCapex for
growthShareholder
return(dividends)
OperatingCash flow
Bondsloanspayable etc
Dramatic changes in the external environment due to the spread of the novel coronavirus infection (changes in behavior such as telework and online meetings diversification of values)
We are assuming transportation revenues our mainstay will return only to approximately 90 ofthe level before the coronavirus Focusing on the circumstances regarding the resolution of the coronavirus situation Flexiblyadding revisions to the medium-term management plan
OperatingEnvironmentChanges andAssumptions
Medium-Term Management Plan 2022(At time of announcement in April 2018)
yen1270 billion (Breakdown by segment)
(Breakdown by segment)
Capex for growthyen460 billion
TransportationOperationsyen940 billion
Retail business yen20 billion
Real estate businessyen260 billion
Other yen50 billion
Capex for maintenanceand upgradesyen810 billion
Safety capexyen530 billion
Medium-Term Management Plan 2022(October 2020 revision)
yen1250 billion(-yen20 billion)
Figures in parentheses show the difference
from the time of the announcement
in April 2018
For details on the revision of the JR-West Group Medium-Term Management Plan 2022 please visit our website (httpswwwwestjrcojpglobalenirlibrarymeetingpdfpresen20201102pdf)
Other yen50 billion
Uses of cashFund-raising
Anticipated uses of cash to FY20283
Indication of our future direction with consideration for our understanding of current circumstances in which we cannot predict the details of the changes in society in the period after the coronavirus (The period until the next medium-term management plan (FY20283) has been positioned as a time for reform and restoration)
Reconfirmation of our ldquounchanging valuesrdquo and the ldquomeaning of the JR West Grouprsquos existencerdquoeven in the midst of change
On that basis our understanding of ldquothings that we will changerdquo with the assumptions that the financial position will worsen and that usage will not return to the previous status
Direction ofrevisions
3 Strengthening management
2 Enhancing Coexistence with Local Communities and taking on the challenge of creating new value
1 Enhancing safety with the Fukuchiyama Line accident as the starting point
Fo
ur Axes
Our V
ision
Ro
adm
ap Reformreconstruction period(Phase 1)
Reformreconstruction period(Phase 2)
Next medium-term management plan and thereafterMedium-term managementplan 2022
Evolutiongrowth period
Unchanging values meaning of the JR West Grouprsquos existence
Things that we will change
Things that we will change
Unchanging values meaning of the JR West Grouprsquosexistence things that we will change
4 Reforming the Company to enhance our ability to address change
FY213 FY233 FY243 FY283 FY293mdash
Corporate Overview
Capex for growthyen500 billion(+yen40 billion)
Capex for maintenanceand upgradesyen750 billion(-yen60 billion)
Safety capexyen500 billion(-yen30 billion)
TransportationOperationsyen860 billion(-yen80 billion)
Retail business yen30 billion(+yen10 billion)
Real estate businessyen310 billion(+yen50 billion)
(Billions of yen)
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 4Fact Sheets 2020
Large-scale projects
Osaka Hiroshima
bull Planned opening Spring 2025
bull Building area Approx 14000 m2
bull Total floor space Approx 111000 m2
bull Scale Above ground 20 floors
below ground 1 floor height Approx 100 m
bull Uses
- Shopping center cinema complex
(Store floor space approximately 25000 m2)
- High-class accommodation-oriented
hotel VISCHIO
(Approximately 400 rooms)
- Parking lot directly connected to
station building (Approx 500 spaces)
- Parking lot in separate building
(Approx 400 spaces)
Toyama
bull Planned opening Spring 2022
bull Site area Approx 7930 msup2
bull Total floor space Approx 38100 msup2
bull Scale Above ground 12 floors
bull Uses
- Commercial facilities (approx 80 stores)
- High-class accommodation-oriented hotel
VISCHIO (Approximately 180 rooms)
- Multistory parking lot (approx 400 spaces
over 5 floors)
(4) Development of the area west of Osaka Station
(3) New station building development
Corporate Overview
(1) New ticket gates passageway located inside ticket gates
(2) Development under elevated tracks bull Opening In stages from fall 2024 to
fall 2027
bull Total floor space approx 7000 m2
bull Uses Commercial facilities bus
terminal etc
(3) New station building development bull Opening Fall 2024
bull Total floor space approx 59000 m2
bull Scale Above ground 23 floors
below ground 1 floor
bull Uses Offices commercial facilities etc
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name)) Joint project with Japan Post Co Ltd and JTB Corporation
bull Opening Completion planned for March 2024
bull Total floor space approx 227000 m2
bull Scale Above ground 39 floors below ground 3 floors
bull Uses Offices commercial facilities hotels theater etc
New ticket gates at Osaka Station
(announced December 2019)
(1) New ticket gates passageway located inside ticket gates
(3) New station building development
(2) Development under elevated tracks
Umekita (Osaka)underground station
(planned opening in spring 2023)
Development plan forthe area west ofOsaka Station
YodobashiCamera
Daimaru Umeda
LUCUA
LUCUA1100
North GateBuilding
HanshinDepartment store
HankyuDepartment
store
Hilton Osaka
Herbis Plaza ENT
OsakaStation Cityparking lot
promenade
Bus term
inalC
omm
ercial
facility zone
South GateBuilding
Hotel GranviaOsaka
Umekita Plaza
JR Osaka station
Um
eda subway station
Higashi-U
meda
subway station
Nishi-U
med
asub
way statio
n
Hanshin Osaka-Umeda statio
n
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name))
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 2Fact Sheets 2020
61332
205
150
515359
126
64324
213
120
619
150
109
122
REVENUE COMPOSITION FY ended March 31 2020
KyushuShinkansen
Sanyo Shinkansen
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
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
OPERATING REVENUES(REVENUES FROM THIRD PARTIES)
OPERATING INCOME
Total
yen1606 billion
TOTAL ASSETS (As of March 31 2020)RAILWAY REVENUES
Total
yen8568 billion
Total
yen32752 billion
Note Percentages of operating income and total assets calculated excluding consolidation adjustment amounts
Corporate Overview
Revenue Composition Service Area
Total
yen15082 billion
Transportation yen9334 billion
Retail yen2260 billion
Real Estate yen1651 billion
Other Businesses yen1836 billion
Transportation yen1053 billion
Retail yen38 billion
Real Estate yen349 billion
Other Businesses yen197 billion
Shinkansen yen4412 billion
Kansai Urban Area (Kyoto-Osaka-Kobe Area)
yen3075 billion
Other Conventional Lines yen1081 billion
Transportation yen21408 billion
Retail yen1118 billion
Real Estate yen7172 billion
Other Businesses yen5228 billion
Conventional Lines
Kansai Urban Area
Area of Other Conventional Lines
Shinkansen
(JR-West)
HokurikuShinkansen
(JR-East)
HokurikuShinkansen
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 3Fact Sheets 2020
Revision of the JR-West Group Medium-Term Management Plan 2022
Capital Expenditure Plan
At the end of the reformreconstruction period (end of FY20283) aim for recovery to DE ratio of approximately 1 time
Business Performance Targets
Financial StrategyOperating Environment Changes and Future Strategic Direction
Financial Foundation Recovery
Priority ranking for uses of cash (~ FY20283)
In regard to the reformrestoration period (phase 2) while taking this policy into account we will consider this
once again in conjunction with specific plan formulated with next medium-term management plan
EBITDA = Operating Income + Depreciation Expense + Amortization of goodwill
Results forFY20183
Objectives forFY20233
(As of April 2018)
Operating Revenues
Transportation
Retail business
Real estate business
Other
Operating Income
Transportation
Retail business
Real estate business
Other
Recurring Profit
Profit attributable to owners of parent
Consolidated EBITDA
Consolidated ROA
(Reference) Consolidated ROE
Transportation revenues
15004
9508
2398
1396
1700
1913
1303
72
357
199
1777
1104
3561
63
113
8678
16300
9775
2810
1685
2030
2100
1395
100
415
230
1970
1280
4000
Mid-6 range
Approx 10
8900
Objectives forFY20233
(October 2020 revision)
14500
8550
2300
1850
1800
1400
830
50
390
180
1250
800
3300
Approx 4
Approx 9
7750
[Priority ranking (1)]bull Safety is the highest priority Steadfastly maintain the ldquoRailway Safety
Think-and-Act Plan 2022rdquo
bull We will control the total amount of investment to a certain extent but we will steadily advance investment necessary to enhance safety
[Priority ranking (2)]bull Working to rapidly restore our financial foundationbull Advancing investment with a focus on projects that contribute to increases in
future corporate value and taking steps to create new value such as providing services that utilize digital technologies
bull Basic policy of stable dividends over the long term During the current medium-term management plan aiming for a dividend payout ratio of approximately 35 in FY20233
We withdraw our policy of making our yardstick total return ratio of approximately 40 over the period of this plan and making flexible acquisitions of treasury stock
Safetycapex
DebtreductionCapex for
growthShareholder
return(dividends)
OperatingCash flow
Bondsloanspayable etc
Dramatic changes in the external environment due to the spread of the novel coronavirus infection (changes in behavior such as telework and online meetings diversification of values)
We are assuming transportation revenues our mainstay will return only to approximately 90 ofthe level before the coronavirus Focusing on the circumstances regarding the resolution of the coronavirus situation Flexiblyadding revisions to the medium-term management plan
OperatingEnvironmentChanges andAssumptions
Medium-Term Management Plan 2022(At time of announcement in April 2018)
yen1270 billion (Breakdown by segment)
(Breakdown by segment)
Capex for growthyen460 billion
TransportationOperationsyen940 billion
Retail business yen20 billion
Real estate businessyen260 billion
Other yen50 billion
Capex for maintenanceand upgradesyen810 billion
Safety capexyen530 billion
Medium-Term Management Plan 2022(October 2020 revision)
yen1250 billion(-yen20 billion)
Figures in parentheses show the difference
from the time of the announcement
in April 2018
For details on the revision of the JR-West Group Medium-Term Management Plan 2022 please visit our website (httpswwwwestjrcojpglobalenirlibrarymeetingpdfpresen20201102pdf)
Other yen50 billion
Uses of cashFund-raising
Anticipated uses of cash to FY20283
Indication of our future direction with consideration for our understanding of current circumstances in which we cannot predict the details of the changes in society in the period after the coronavirus (The period until the next medium-term management plan (FY20283) has been positioned as a time for reform and restoration)
Reconfirmation of our ldquounchanging valuesrdquo and the ldquomeaning of the JR West Grouprsquos existencerdquoeven in the midst of change
On that basis our understanding of ldquothings that we will changerdquo with the assumptions that the financial position will worsen and that usage will not return to the previous status
Direction ofrevisions
3 Strengthening management
2 Enhancing Coexistence with Local Communities and taking on the challenge of creating new value
1 Enhancing safety with the Fukuchiyama Line accident as the starting point
Fo
ur Axes
Our V
ision
Ro
adm
ap Reformreconstruction period(Phase 1)
Reformreconstruction period(Phase 2)
Next medium-term management plan and thereafterMedium-term managementplan 2022
Evolutiongrowth period
Unchanging values meaning of the JR West Grouprsquos existence
Things that we will change
Things that we will change
Unchanging values meaning of the JR West Grouprsquosexistence things that we will change
4 Reforming the Company to enhance our ability to address change
FY213 FY233 FY243 FY283 FY293mdash
Corporate Overview
Capex for growthyen500 billion(+yen40 billion)
Capex for maintenanceand upgradesyen750 billion(-yen60 billion)
Safety capexyen500 billion(-yen30 billion)
TransportationOperationsyen860 billion(-yen80 billion)
Retail business yen30 billion(+yen10 billion)
Real estate businessyen310 billion(+yen50 billion)
(Billions of yen)
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 4Fact Sheets 2020
Large-scale projects
Osaka Hiroshima
bull Planned opening Spring 2025
bull Building area Approx 14000 m2
bull Total floor space Approx 111000 m2
bull Scale Above ground 20 floors
below ground 1 floor height Approx 100 m
bull Uses
- Shopping center cinema complex
(Store floor space approximately 25000 m2)
- High-class accommodation-oriented
hotel VISCHIO
(Approximately 400 rooms)
- Parking lot directly connected to
station building (Approx 500 spaces)
- Parking lot in separate building
(Approx 400 spaces)
Toyama
bull Planned opening Spring 2022
bull Site area Approx 7930 msup2
bull Total floor space Approx 38100 msup2
bull Scale Above ground 12 floors
bull Uses
- Commercial facilities (approx 80 stores)
- High-class accommodation-oriented hotel
VISCHIO (Approximately 180 rooms)
- Multistory parking lot (approx 400 spaces
over 5 floors)
(4) Development of the area west of Osaka Station
(3) New station building development
Corporate Overview
(1) New ticket gates passageway located inside ticket gates
(2) Development under elevated tracks bull Opening In stages from fall 2024 to
fall 2027
bull Total floor space approx 7000 m2
bull Uses Commercial facilities bus
terminal etc
(3) New station building development bull Opening Fall 2024
bull Total floor space approx 59000 m2
bull Scale Above ground 23 floors
below ground 1 floor
bull Uses Offices commercial facilities etc
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name)) Joint project with Japan Post Co Ltd and JTB Corporation
bull Opening Completion planned for March 2024
bull Total floor space approx 227000 m2
bull Scale Above ground 39 floors below ground 3 floors
bull Uses Offices commercial facilities hotels theater etc
New ticket gates at Osaka Station
(announced December 2019)
(1) New ticket gates passageway located inside ticket gates
(3) New station building development
(2) Development under elevated tracks
Umekita (Osaka)underground station
(planned opening in spring 2023)
Development plan forthe area west ofOsaka Station
YodobashiCamera
Daimaru Umeda
LUCUA
LUCUA1100
North GateBuilding
HanshinDepartment store
HankyuDepartment
store
Hilton Osaka
Herbis Plaza ENT
OsakaStation Cityparking lot
promenade
Bus term
inalC
omm
ercial
facility zone
South GateBuilding
Hotel GranviaOsaka
Umekita Plaza
JR Osaka station
Um
eda subway station
Higashi-U
meda
subway station
Nishi-U
med
asub
way statio
n
Hanshin Osaka-Umeda statio
n
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name))
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 3Fact Sheets 2020
Revision of the JR-West Group Medium-Term Management Plan 2022
Capital Expenditure Plan
At the end of the reformreconstruction period (end of FY20283) aim for recovery to DE ratio of approximately 1 time
Business Performance Targets
Financial StrategyOperating Environment Changes and Future Strategic Direction
Financial Foundation Recovery
Priority ranking for uses of cash (~ FY20283)
In regard to the reformrestoration period (phase 2) while taking this policy into account we will consider this
once again in conjunction with specific plan formulated with next medium-term management plan
EBITDA = Operating Income + Depreciation Expense + Amortization of goodwill
Results forFY20183
Objectives forFY20233
(As of April 2018)
Operating Revenues
Transportation
Retail business
Real estate business
Other
Operating Income
Transportation
Retail business
Real estate business
Other
Recurring Profit
Profit attributable to owners of parent
Consolidated EBITDA
Consolidated ROA
(Reference) Consolidated ROE
Transportation revenues
15004
9508
2398
1396
1700
1913
1303
72
357
199
1777
1104
3561
63
113
8678
16300
9775
2810
1685
2030
2100
1395
100
415
230
1970
1280
4000
Mid-6 range
Approx 10
8900
Objectives forFY20233
(October 2020 revision)
14500
8550
2300
1850
1800
1400
830
50
390
180
1250
800
3300
Approx 4
Approx 9
7750
[Priority ranking (1)]bull Safety is the highest priority Steadfastly maintain the ldquoRailway Safety
Think-and-Act Plan 2022rdquo
bull We will control the total amount of investment to a certain extent but we will steadily advance investment necessary to enhance safety
[Priority ranking (2)]bull Working to rapidly restore our financial foundationbull Advancing investment with a focus on projects that contribute to increases in
future corporate value and taking steps to create new value such as providing services that utilize digital technologies
bull Basic policy of stable dividends over the long term During the current medium-term management plan aiming for a dividend payout ratio of approximately 35 in FY20233
We withdraw our policy of making our yardstick total return ratio of approximately 40 over the period of this plan and making flexible acquisitions of treasury stock
Safetycapex
DebtreductionCapex for
growthShareholder
return(dividends)
OperatingCash flow
Bondsloanspayable etc
Dramatic changes in the external environment due to the spread of the novel coronavirus infection (changes in behavior such as telework and online meetings diversification of values)
We are assuming transportation revenues our mainstay will return only to approximately 90 ofthe level before the coronavirus Focusing on the circumstances regarding the resolution of the coronavirus situation Flexiblyadding revisions to the medium-term management plan
OperatingEnvironmentChanges andAssumptions
Medium-Term Management Plan 2022(At time of announcement in April 2018)
yen1270 billion (Breakdown by segment)
(Breakdown by segment)
Capex for growthyen460 billion
TransportationOperationsyen940 billion
Retail business yen20 billion
Real estate businessyen260 billion
Other yen50 billion
Capex for maintenanceand upgradesyen810 billion
Safety capexyen530 billion
Medium-Term Management Plan 2022(October 2020 revision)
yen1250 billion(-yen20 billion)
Figures in parentheses show the difference
from the time of the announcement
in April 2018
For details on the revision of the JR-West Group Medium-Term Management Plan 2022 please visit our website (httpswwwwestjrcojpglobalenirlibrarymeetingpdfpresen20201102pdf)
Other yen50 billion
Uses of cashFund-raising
Anticipated uses of cash to FY20283
Indication of our future direction with consideration for our understanding of current circumstances in which we cannot predict the details of the changes in society in the period after the coronavirus (The period until the next medium-term management plan (FY20283) has been positioned as a time for reform and restoration)
Reconfirmation of our ldquounchanging valuesrdquo and the ldquomeaning of the JR West Grouprsquos existencerdquoeven in the midst of change
On that basis our understanding of ldquothings that we will changerdquo with the assumptions that the financial position will worsen and that usage will not return to the previous status
Direction ofrevisions
3 Strengthening management
2 Enhancing Coexistence with Local Communities and taking on the challenge of creating new value
1 Enhancing safety with the Fukuchiyama Line accident as the starting point
Fo
ur Axes
Our V
ision
Ro
adm
ap Reformreconstruction period(Phase 1)
Reformreconstruction period(Phase 2)
Next medium-term management plan and thereafterMedium-term managementplan 2022
Evolutiongrowth period
Unchanging values meaning of the JR West Grouprsquos existence
Things that we will change
Things that we will change
Unchanging values meaning of the JR West Grouprsquosexistence things that we will change
4 Reforming the Company to enhance our ability to address change
FY213 FY233 FY243 FY283 FY293mdash
Corporate Overview
Capex for growthyen500 billion(+yen40 billion)
Capex for maintenanceand upgradesyen750 billion(-yen60 billion)
Safety capexyen500 billion(-yen30 billion)
TransportationOperationsyen860 billion(-yen80 billion)
Retail business yen30 billion(+yen10 billion)
Real estate businessyen310 billion(+yen50 billion)
(Billions of yen)
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 4Fact Sheets 2020
Large-scale projects
Osaka Hiroshima
bull Planned opening Spring 2025
bull Building area Approx 14000 m2
bull Total floor space Approx 111000 m2
bull Scale Above ground 20 floors
below ground 1 floor height Approx 100 m
bull Uses
- Shopping center cinema complex
(Store floor space approximately 25000 m2)
- High-class accommodation-oriented
hotel VISCHIO
(Approximately 400 rooms)
- Parking lot directly connected to
station building (Approx 500 spaces)
- Parking lot in separate building
(Approx 400 spaces)
Toyama
bull Planned opening Spring 2022
bull Site area Approx 7930 msup2
bull Total floor space Approx 38100 msup2
bull Scale Above ground 12 floors
bull Uses
- Commercial facilities (approx 80 stores)
- High-class accommodation-oriented hotel
VISCHIO (Approximately 180 rooms)
- Multistory parking lot (approx 400 spaces
over 5 floors)
(4) Development of the area west of Osaka Station
(3) New station building development
Corporate Overview
(1) New ticket gates passageway located inside ticket gates
(2) Development under elevated tracks bull Opening In stages from fall 2024 to
fall 2027
bull Total floor space approx 7000 m2
bull Uses Commercial facilities bus
terminal etc
(3) New station building development bull Opening Fall 2024
bull Total floor space approx 59000 m2
bull Scale Above ground 23 floors
below ground 1 floor
bull Uses Offices commercial facilities etc
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name)) Joint project with Japan Post Co Ltd and JTB Corporation
bull Opening Completion planned for March 2024
bull Total floor space approx 227000 m2
bull Scale Above ground 39 floors below ground 3 floors
bull Uses Offices commercial facilities hotels theater etc
New ticket gates at Osaka Station
(announced December 2019)
(1) New ticket gates passageway located inside ticket gates
(3) New station building development
(2) Development under elevated tracks
Umekita (Osaka)underground station
(planned opening in spring 2023)
Development plan forthe area west ofOsaka Station
YodobashiCamera
Daimaru Umeda
LUCUA
LUCUA1100
North GateBuilding
HanshinDepartment store
HankyuDepartment
store
Hilton Osaka
Herbis Plaza ENT
OsakaStation Cityparking lot
promenade
Bus term
inalC
omm
ercial
facility zone
South GateBuilding
Hotel GranviaOsaka
Umekita Plaza
JR Osaka station
Um
eda subway station
Higashi-U
meda
subway station
Nishi-U
med
asub
way statio
n
Hanshin Osaka-Umeda statio
n
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name))
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 4Fact Sheets 2020
Large-scale projects
Osaka Hiroshima
bull Planned opening Spring 2025
bull Building area Approx 14000 m2
bull Total floor space Approx 111000 m2
bull Scale Above ground 20 floors
below ground 1 floor height Approx 100 m
bull Uses
- Shopping center cinema complex
(Store floor space approximately 25000 m2)
- High-class accommodation-oriented
hotel VISCHIO
(Approximately 400 rooms)
- Parking lot directly connected to
station building (Approx 500 spaces)
- Parking lot in separate building
(Approx 400 spaces)
Toyama
bull Planned opening Spring 2022
bull Site area Approx 7930 msup2
bull Total floor space Approx 38100 msup2
bull Scale Above ground 12 floors
bull Uses
- Commercial facilities (approx 80 stores)
- High-class accommodation-oriented hotel
VISCHIO (Approximately 180 rooms)
- Multistory parking lot (approx 400 spaces
over 5 floors)
(4) Development of the area west of Osaka Station
(3) New station building development
Corporate Overview
(1) New ticket gates passageway located inside ticket gates
(2) Development under elevated tracks bull Opening In stages from fall 2024 to
fall 2027
bull Total floor space approx 7000 m2
bull Uses Commercial facilities bus
terminal etc
(3) New station building development bull Opening Fall 2024
bull Total floor space approx 59000 m2
bull Scale Above ground 23 floors
below ground 1 floor
bull Uses Offices commercial facilities etc
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name)) Joint project with Japan Post Co Ltd and JTB Corporation
bull Opening Completion planned for March 2024
bull Total floor space approx 227000 m2
bull Scale Above ground 39 floors below ground 3 floors
bull Uses Offices commercial facilities hotels theater etc
New ticket gates at Osaka Station
(announced December 2019)
(1) New ticket gates passageway located inside ticket gates
(3) New station building development
(2) Development under elevated tracks
Umekita (Osaka)underground station
(planned opening in spring 2023)
Development plan forthe area west ofOsaka Station
YodobashiCamera
Daimaru Umeda
LUCUA
LUCUA1100
North GateBuilding
HanshinDepartment store
HankyuDepartment
store
Hilton Osaka
Herbis Plaza ENT
OsakaStation Cityparking lot
promenade
Bus term
inalC
omm
ercial
facility zone
South GateBuilding
Hotel GranviaOsaka
Umekita Plaza
JR Osaka station
Um
eda subway station
Higashi-U
meda
subway station
Nishi-U
med
asub
way statio
n
Hanshin Osaka-Umeda statio
n
(4) Development of the area west of Osaka Station (Umeda 3-chome Project (provisional name))
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 5Fact Sheets 2020
POPULATION AND GROSS PRODUCTION
(Thousands of people Billions of yen)
MAP OF WEST JAPAN AND POPULATION GROWTH IN KANSAI AREA
Population
(FY ended March 31 2019)
Gross Production(FY ended March 31 2017)
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 For ldquoChangerdquo 2018 is the base year (100) for the index
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
2555
8849
5571
1363
965
20722
2259
1063
1146
787
2102
1825
566
686
1912
2839
1383
5131
42421
36619
11434
13013
127444
63817
104876
389950
209378
36507
36765
841292
88840
45663
46230
32111
82723
82209
18641
25206
76812
119447
60875
191440
1711489
1821607
552521
459089
5498662
(16)
(33)
(15)
(31)
JR-Central
JR-West
JR-ShikokuJR-Kyushu
Fukuoka
Shimane
Tottori
HiroshimaYamaguchiHyogo
Okayama
Osaka
Kyoto
Nara
Wakayama
Mie
Shiga
Fukui
Toyama
Ishikawa
Nagano
Operating Environment
Operating Area Population and Gross Production
Figures in parentheses show percentages of Japan totals
Hyogo
Shiga
Kyoto
Osaka Wakayama Nara
Actual Projection Change
Japan Total Kansai Area TotalService Area Total
126285126285126285
127055127055127055
126231126231126231
128066128066128066
127444127444127444
125325
122544
119125
115216
110919
106421
848484878787909090939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
429864298642986
429664296642966
426654266542665
428274282742827
424214242142421
41736
40634
39328
37868
36296
34694
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
206002060020600
206642066420664
206322063220632
208632086320863
207222072220722
20400
19877
19235
18509
17735
16954
828282868686898989939393969696989898100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
256325632563
256625662566
254725472547
257525752575
255525552555
257425742574
251025102510
243124312431
233923392339
223822382238
213721372137
848484888888929292959595989898101101101100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
133513351335
136513651365139113911391
142014201420142014201420
140914091409139513951395
137213721372
134113411341
130413041304
126312631263
898989929292949494979797989898999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
144914491449143014301430
140714071407138813881388
136313631363
1320
1265
1202
1136
1066
998
737373787878838383888888939393979797100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
108810881088106210621062
102610261026
994994994
965965965
921
876
829
782
734
688
717171767676818181868686919191959595100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
862986298629
866486648664
868286828682
886688668866884988498849
873287328732
852685268526
826282628262
796379637963
764976497649
733573357335
838383868686909090939393969696999999100100100
2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 2045
553755375537
2000
557755775577
2005
558055805580
2010
562156215621
2015
557155715571
2018
543354335433
2020
530653065306
2025
513951395139
2030
494949494949
2035
474347434743
2040
453245324532
2045
818181858585898989929292959595989898100100100
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 6Fact Sheets 2020
External Environment
Demand from Inbound Travel
Composition of Inbound Visitors to Japan (CY2019 result)
Source Japan National Tourism Organization (JNTO)
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 (CY2019 result)
Number of users of exclusive products Transportation Revenues Consolidated operating revenues
Changes in Inbound Visitors to Japan (Results for each year and targets)
300
250
200
150
100
050
Millions of people
0
600
400
200
0
Billions of yen
800
600
400
200
0
Billions of yen
284
FY20183
Exclusiveproducts
Individualtickets
311
FY20193
Exclusiveproducts
Individualtickets
301
FY20203
Exclusiveproducts
Individualtickets
429
FY20183 FY20193
465
FY20203
465
Quantity of responses 107549Unit Millions of people
Note Blue shaded areas are JR-Westrsquos operating area
Source Japan Tourism Agency
Results and Targets for Visitors Using JR-West
Millions of people
Source Japan National Tourism Organization (JNTO) Ministry of Justice
Note Figures in parentheses show index with 2012 = 100
7000
6000
5000
4000
3000
2000
1000
0
Inbound visitors to Japan
Foreigners entering Japan at Kansai International Airport
Total3188
Asia2682
84
Other 0893Europe
1996
AsiaOther063
2
NorthAmerica
2197
HongKong2297
ASEAN38312
Taiwan48915
South Korea55818
China95930
3119
765
18 19
8361036
1341
19742404
179
3188(381)
838(468)(100)
(100)232 317
501 609
2869
716
6000
4000
12 13 14 17 30(Target)
20(Target)
15 16
hellip
020036
060
100
125
160
FY20133 FY20143 FY20153 FY20183FY20163 FY20173
176
FY20193
162
FY20203
Exclusive products Passes that only people from other countries visiting Japan for sightseeing can use
Individual tickets Tickets other than exclusive products
Ranking Prefecture Visiting rate
1
2
3
4
5
6
7
8
9
10
11
15
Tokyo
Osaka
Chiba
Kyoto
Nara
Aichi
Fukuoka
Hokkaido
Kanagawa
Okinawa
Hyogo
Hiroshima
472
386
351
278
117
90
87
80
78
61
60
30
hellip hellip
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 7Fact Sheets 2020
Operating Environment
Airport and Expressway Networks As of March 31 2020
Haneda Airport
Narita 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
3
Tokyo mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 4h 46m 23390 31
Airlines 3h 00m 42300 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
Travel Time Fare (yen) Frequency
Shinkansen 3h 44m 19440 46
Airlines 3h 30m 35490 17
Tokyo mdash Kanazawa
Travel Time Fare (yen) Frequency
Shinkansen 2h 28m 14380 24
Airlines 3h 00m 25390 10
Tokyo mdash Okayama
Travel Time Fare (yen) Frequency
Shinkansen 3h 09m 17660 60
Airlines 3h 10m 34590 10
Tokyo mdash Toyama
Travel Time Fare (yen) Frequency
Shinkansen 2h 08m 12960 24
Airlines 2h 30m 25390 4
Kyoto-Osaka-Kobe Metropolitan Area mdash Kagoshima
Travel Time Fare (yen) Frequency
Shinkansen 3h 41m 22630 24
Airlines 3h 10m 30860 19 (6)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 2h 21m 15600 60
Airlines (Itami Airport) 2h 20m 25470 10
Airlines (Kansai Intl Airport) 3h 00m 25550 4 (3)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Aichi mdash Fukuoka
Travel Time Fare (yen) Frequency
Shinkansen 3h 12m 18890 34
Airlines (Chubu Intl Airport) 2h 30m 29550 12 (9)
Airlines (Komaki Airport) 2h 20m 29110 5
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
Kyoto-Osaka-Kobe Metropolitan Area mdash Kumamoto
Travel Time Fare (yen) Frequency
Shinkansen 2h 57m 19200 25
Airlines 3h 00m 27060 11 (2)
Travel Time and Fare JAL or ANA
Frequency All airlines Numbers in parentheses are
frequency excluding those of JAL or ANA
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
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 yen110 for Fukuoka Airport yen260 for Osaka International Airport (Itami) yen440 for Kansai International Airport and yen440 for Chubu Centrair International Airport)
No of services Does not reflect the suspension of services due to the spread of the novel coronavirus
Chubu CentrairInternational Airport
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 8Fact Sheets 2020
141
126
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
(933)Debut of 300-Series
Nozomi
(951)The Hanshin-Awaji
Earthquake
(973)Debut of 500-Series
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 (179)
Smart EX
JR (Number of passengers)
Airlines (Number of passengers)
JRrsquos Market Share (right)
Kyoto-Osaka-Kobe Area ndash Fukuoka
Kyoto-Osaka-Kobe Area Kyoto Osaka and Hyogo Prefecture
Figures for the fiscal year ended March 2019 are preliminary
(893)Debut of Grand Hikari
874
143
0
100
200
150
100
50
78
838880853824813809785764757743714660638624667706723713658
779775768748729722714835 852817
15 16141312111009080706050403020100999897969594939291908988 0
100
75
50
25
856 868
1817 19
0
100
200
150
100
50
0
100
75
50
25
14 151312111009080706050403020100999897
627 623619625618606591576528521506483514
660702
744769773776
1413121110090807060504030201009998970
100
200
150
100
50298
365413406396383364340326320291293
376408425437440463
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
505
1716
623 628
18
169
629
17 1816
515 487 510
17 18
289 263260
159
16
100
533
200
150
100
50
141312111009080706050403020100999897
596581565538516501488458451424387381412420446486513
0 0
100
75
50
25
15
592
0
100
200
150
100
50
141312111009080706050403020100999897
73768081696965586763605766687086103119
0
100
75
50
25
15
69
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
17 1816
627
122
17 18
583
122
17 1816 16
284 235 251
17 1816
75 73 74
619 617608 603
134
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 9Fact Sheets 2020
Business
Development of New Shinkansen Lines (Hokuriku Shinkansen Line)
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 2020
TRAVEL TIME AND MARKET SHARE
JR
Airlines3
Before opening1 After opening2
JR market share4
Before opening(FY2014)
After opening(FY2018)
Tokyo mdash
IshikawaAbout 3h 50m 2h 28m About 3h 00m 312
Tokyo mdash
ToyamaAbout 3h 10m 2h 08m About 2h 30m 552
690
866
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
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
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 10Fact Sheets 2020
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
Osaka-UmedaOsaka-UmedaOsaka-Umeda
YodoyabashiYodoyabashi
NambaNamba
Osaka-NambaOsaka-NambaOsaka-Namba
Kobe-Sannomiya
Kobe-Sannomiya
Takarazuka
Wakayamashi
Osaka-Umeda
Kyoto
Kyoto-Kawaramachi
Nara
Kintetsu-Nara
Sanjo
Yodoyabashi
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 16840 28
Hankyu (Osaka-UmedandashKyoto-Kawaramachi) 477 42
Keihan (YodoyabashindashSanjo) 493 47
Osaka
ndashSannomiyaJR-West 306 21
Hankyu (Osaka-UmedandashKobe-Sannomiya) 323 27
Hanshin (Osaka-UmedandashKobe-Sannomiya) 312 31
Osaka
ndashTakarazukaJR-West 255 25
Hankyu (Osaka-UmedandashTakarazuka) 233 30
TennojindashNara JR-West 375 33
Kintetsu (Osaka-NambandashKintetsu-Nara) 328 36[35]1
Tennoji
ndashWakayamaJR-West 613 60[42]2
Nankai (NambandashWakayamashi) 642 58
Tennoji
ndashKansai-airport
JR-West 460 47[30]3
Nankai (NambandashKansai-Airport) 428 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 (yen520) is required
2 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1520) is required
3 [ ] denotes the travel time by Limited Express Express charge (reserved seats in normal cars yen1190) is required
Source Annual Railway Statistical Bulletin
1500
4000
3500
3000
2500
2000
0
60
45
30
15
570
400
420
410
320
320
330
280
470
570
870
930
1080
930
15800
15620
12530
13080
13080
10230
11350
14520
19960
25930
26250
29630
32510
80780
85320
84350
60180
70640
70640
49100
61290
69690
107790
126720
141750
155380
175560
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)
2959
(146)
2715
(82)2684
(81)
2712
(82)
2718
(82)
2784
(84)2682
(81)
13 14 16 17
2987(147)
2738(83)
18151211100908070605040302010099989796959493929190898876
(100)
3311
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
408
147
445
408
148
445
13 14 16 17 18151211100908070605040302010099989796959493929190898876
407
148
445
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 11
Business
Railway-related projects in the Kansai Urban Area
DEVELOPMENT in KANSAI URBAN AREA (As of March 2020)
Kobe
SannomiyaAmagasaki
Shin-Kobe
Nishi-Akashi
Kakogawa
Tanikawa
Himeji
Kyoto
Yamashina Kusatsu
Nara
Oji
Takada
Shin-Osaka
Osaka
Kansai-airport
Tennoji
Umekoji-KyotonishiNew stationOpened in March 2019
KyotoRailway MuseumOpened in April 2016
Higashi-HimejiNew stationOpened in March 2016
MAJOR PROJECTS
bull Naniwasuji Line
Project overview middot Total cost Approx 3300 billion yen middot length Approx 74 km
Project leaders middot Construction Kansai Rapid Railway Co Ltd middot Operations Umekita (Osaka) underground station Nishi-Hommachi Station (provisional name) ndash JR Namba Station West Japan Railway Company Umekita (Osaka) underground station ndash Nishi-Hommachi Station (provisional name) ndash Shin-Imamiya Station Nankai Electric Railway Co Ltd
Project timeline Spring 2031 Scheduled to start operations
bull Relocate a portion of a branch line of the Tokaido Line underground and open a new station
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
Kyobashi
Osaka Higashi LineAll segments open from March 2019
Maya New stationOpened in March 2016
Ibaraki Station
improvement and development inside Opened in April 2018
Nara LineDouble trackII stageSpring 2023JR Soujiji
New stationOpened in March 2018
Yumeshima
CosmosquareCosmosquareCosmosquare
Universal-cityUniversal-cityUniversal-city
NakanoshimaNakanoshimaNakanoshima
Osaka
Keihan Nakanoshima Line
JR Osaka Loop Line
JR Yumesaki Line
Osaka Metro Chuo Line
N
SakurajimaSakurajimaSakurajima
Travel time from Osaka to Kansai Airport
Reference Location of Yumeshima
JR-Namba
Nishikujo
Sakurajima
Tennoji
Hineno
Kyuhoji
Nara
Kyobashi
HanatenOsaka
Kansai-airport
Transport accessunder consideration
Shin-Osaka
Kyoto
Shin-Kobe
Kobe
Amagasaki
Tokaido Shinkansen
Sanyo Shinkansen
Yumeshima(Candidate site for
World Expo 2025 andan integrated resort)
Naniwasuji Line(Planned forSpring 2031)
Access to Kansai Airport
Access to eastern partof Osaka and Nara
Access Method Travel Time
Current Kansai - Airport Rapid Service from Osaka
64 min1
After opening of underground station
ldquoHarukardquo from underground station 44 min2
1
2
March 2017 timetable basis
After opening of Naniwasuji Line
Timetable is under consideration
Relocate a portion of a branch line of the Tokaido Line
underground and Umekita (Osaka) Underground Station
(Planned for Spring 2023)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 12
461394 372
388
382
ndash13ndash16
0307 08
425
15141312111009
03
415
06
416
16
04
420
17
06
413
18
02
405
19
02
20
686 639
634
949 935
1608
ndash63
ndash40
02 03
ndash22
15141312111009
04
945782
16
791
ndash01
17
734
09
18
701
10
19
671
20
68 6982 87
7973
15141312111009
71
469 467 477543 550 535 506
93
16
578
96
17
605
87
18
596
96
19
615
20
30
20
31 33
39 39
15141312111009
28
1418
1317
1322 1334 1344 1351 1336
46
16
144951
17
1525
60
18
1617
49
19
1700
20
367418
277277277303303303 307307307 326326326 296296296
47
226
676767
31
225
676767
35
222
103103103
ndash29 ndash04
123123123
44
118118118
259 280277
15
251
156156156
53
327
224224224
969696 326326326
52
322
204204204
322322322
72
357
199199199
326326326
61
356
212212212
317317317
2153
711
132613261326
2019
709
119611961196
2013
757
121412141214
2335 2346
128412841284
2401
137113711371
935 909 1022
2201
872
174417441744
15141312111009
129912991299
330330330 335335335 348348348 350350350 360360360 357357357
2320
1088
181518151815
16
360360329329329
360
2339
1095
168816881688
17
355355355
2398
1396
170017001700
18
366366366
2455
1485
181318131813
19
376376376
20
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 2020 (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)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
Operating income(Right axis)
Operating revenues(Left axis)
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)
Operating income(Right axis)
Operating revenues(Left axis)
SHOPPING CENTER OPERATIONS
Real estate
HOTELS
Other businesses
DEPARTMENT STORE REAL ESTATE LEASE AND SALE TRAVEL AGENCY
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
Transportation9334619
1651109
1836122
Other businesses
Real estate
2260150
Retail
Other businesses
Real estate
Ratio of non-transportationoperations(Right axis)
Retail
Total
15082 billion
0
1000
2000
3000
4000
5000
6000
Billions of yen
0
10
20
30
40
50
60
minus15
0
15
30
45
60
ndash150
0
150
300
450
600
Billions of yen
Billions of yen Billions of yen
0
300
600
900
1200
1800
1500
0
10
20
30
40
60
50
Billions of yen Billions of yen
0
30
60
90
150
120
0
150
300
450
750
600
Billions of yen Billions of yen
1815 16
23202020 212121
15141312111009
15
344 330 324 321 334 348
272727
16
45
30
15
0
ndash15
450
300
150
0
ndash150
365365365
24
17
362362362
191919
18
356356356
101010
19
356356356
ndash12ndash12ndash12
20
373373373330330330
ndash60
ndash40
ndash20
0
20
40
ndash1500
ndash1000
ndash500
0
500
1000
Billions of yen Billions of yen Billions of yen
Billions
of yen
44 36
63
81
103
81
15141312111009
24222222222 227227227
264 376376376
0
200
150
100
50
1200
900
600
300
0
342342342 471471471347347347
125
16
492492492
lt195gtlt195gtlt195gt
116
17
472472472
lt161gtlt161gtlt161gt
173
18
781781781
lt350gtlt350gtlt350gt
182
19
849849849
lt394gtlt394gtlt394gt
198
20
102110211021
lt536gtlt536gtlt536gt
lt31gtlt31gtlt31gtlt25gtlt25gtlt25gtlt48gtlt48gtlt48gtlt107gtlt107gtlt107gtlt69gtlt69gtlt69gt
lt191gtlt191gtlt191gtlt58gtlt58gtlt58gt
ndash40
ndash30
ndash20
ndash10
0
10
20
ndash1000
ndash750
ndash500
ndash250
0
250
500
Billions of yen
Billions
of yen
15 16141312111009 17 18 19 20
2260
1651
183618361836
381381381
38
349
197197197
357357357
34
1542
75
611
02
632
42310
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 13
Eki Marcheacute details
Sales of Goods and Food ServicesBusiness 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
Drip-X-Cafeacute
VIA INN
406
3
15
12
15
8
13
19
10
4
26
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
New type cafeacute located outside stations
Accommodation-oriented budget hotels
Food Services
Other
Overview
Department Store
Location of VIA INN
Major Store Opened Commercial floor space
JR Kyoto Isetan Sept 1997 Approx 44000 m2
Name Opened Floor space
Eki Marcheacute Takarazuka
Eki Marcheacute Osaka
Eki Marcheacute Shin-Osaka
Mar 2010
Oct 2012
Mar 2015
Approx 830 m2
Approx 4500 m2
Approx 1800 m2
Name Opened
15
16
17
18
19
20
21
22
23
24
25
26
27
Rooms
VIA INN Shinsaibashi Nagahoridori
VIA INN Asakusa2
VIA INN Hiroshima Kanayamacho2
VIA INN Abeno Tennoji
VIA INN Umeda
VIA INN SHIN-OSAKA SHOMENGUCHI
VIA INN NAGOYA EKIMAETSUBAKI-CHO
VIA INN Iidabashi Korakuen
VIA INN Kyoto Station Hachijoguchi
VIA INN Hakataguchi Ekimae
VIA INN Shinsaibashi Yotsubashi
VIA INN Nihonbashi Ningyocho
VIA INN Hiroshima Shinkansenguchi
June 2014
June 2014
June 2014
Apr 2017
Aug 2017
July 2018
Aug 2018
Sep 2018
Apr 2019
June 2019
July 2019
Aug 2019
June 20203
150
190
156
172
217
88
249
295
468
205
224
240
246
Name Opened
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Rooms
VIA INN Shimonoseki
VIA INN Shin-Osaka
VIA INN Shin-Osaka West
VIA INN Himeji
VIA INN Hiroshima 1
VIA INN Kyoto Shijo Muromachi
VIA INN Kanazawa
VIA INN Tokyo Oimachi
VIA INN Akihabara
VIA INN Shinsaibashi
VIA INN Shinjuku
VIA INN Higashi Ginza
VIA INN Okayama
VIA INN Nagoya Shinkansenguchi
Mar 1996
July 1998
Mar 2001
Oct 2002
Apr 2004
Apr 2007
June 2007
July 2009
Mar 2011
Apr 2011
Feb 2012
Mar 2012
Oct 2012
July 2013
195
226
433
211
256
239
206
509
283
205
226
297
251
2381 VIA INN Hiroshima closed in April 2020
2 Other Businesses segment
3 Not yet open as of March 31 2020
Business
Non-Transportation Operations (Retail Business) As of March 31 2020
Number of Seven-Eleven franchised stores
VIA INN details
1
24 17
5 27 13 4
3 220
1025
6
2314
21
18
7
8 12
1116
26
91519
22
0
200
400
600
70
193
335391365
FY20173 FY20193FY20183FY20163FY20153 FY20203
406
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 14
3279
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
83 86
130154
177 184218 221 225 230
295
FY20193
309
FY20203
313
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173
2287 2285 2180 21762442 2469 2462 2459
3017 3146
FY20193
3358
FY20203
3100
Shopping Center Operations
Business
Non-Transportation Operations (Real Estate Business) As of March 31 2020
List of major SC
EST
Tennoji MIO
Wakayama MIO
KOSHIENGUCHI GREEN PLACE
MONTetMER
Liv
PLiCO ROKKOMICHI
piole AKASHI
Shopping Centers (No of facilities 43)
SC tenant revenues
Real Estate Lease and Sale
List of major facilities
Commercial facilities Office buildings
Facility name Date opened
Floor space
VIERRA Tsukaguchi
VIERRA Otsu
VIERRA Senrioka
VIERRA Kishibe Kento
VIERRA Meimai
VIERRA Kaitaichi
VIERRA Ibaraki
Apr 2016
Oct 2016
Apr 2018
Nov 2018
Nov 2018
Feb 2019
May 2019
5400 m2
2200 m2
2200 m2
27000 m2
10600 m2
5600 m2
11000 m2
Facility name Date opened
Floor space
Hiroshima Inarimachi NK Building
Shin-Osaka Station Front Chuo Building
North Gate Building (Office)
May 1970
Feb 1975
Jan 2001
July 2009
May 2011
June 2014
Dec 2019
17300 m2
31000 m2
8400 m2
13600 m2
21000 m2
9600 m2
6100 m2
Condominiums and detached houses
Major recent condominium properties
Property name Date of delivery
Total units
PROUD CITY TSUKAGUCHI MARK SKY
JGRAN L RITTO
Urban Shimamoto City
MAYA CITY STATION GATE
June 2017-
Mar 2018-
Dec 2018-
Feb 2019-
Sept 2019-
99
366
63
264
118
Property name Date of delivery
Total units
JGRANDIA HIYOSHI
CIELIA Suma Takatori
DIA MAISON DANBARA MID GRACE
JGRAN CITY TSUKAMOTO
Diaesta Mio Yuhigaoka
Nov 2019-
Jan 2020-
Feb 2020-
Mar 2020-
Mar 2020-
86
323
27
312
22
Development of station buildings and surrounding areas of stations
Leasing space
Number of condominiums completed (cumulative)
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
piole HIMEJI
Okayama Ichi Ban Gai
SUN STATION TERRACE OKAYAMA
SUN STATION TERRACE FUKUYAMA
SHAMINE MATSUE
SHAMINE TOTTORI
ekie
ripie SHIMONOSEKI
JR Kanazawa Station West Gate No1 NK Building
JR Kanazawa Station West Gate No3NK 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
8700 m2
18100 m2
2800 m2
5700 m2
10200 m2
7400 m2
5300 m2
53000 m2
SC name Date opened
Floor space
Nov 1981
Sept 1995
Mar 1968
Nov 2019
Oct 1980
Mar 1989
Nov 1996
Dec 1964
6600 m2
39000 m2
7600 m2
1500 m2
12300 m2
15100 m2
5100 m2
9300 m2
SC name Date opened
Floor space
Dec 2008
Aug 1974
Oct 2006
Nov 2007
Oct 1978
Oct 1979
Oct 2017
Mar 2014
24800 m2
8100 m2
10300 m2
12000 m2
4200 m2
3300 m2
11700 m2
2500 m2
Retail Business Segment
10000 sq m
350
300
250
200
150
100
50
0
JGRAN THE HONOR SHIMOGAMO TADASU NO MORI
0
700
1400
2100
Billions of yen
3500
2800
domiciles
0
10000
15000
5000
FY20143FY20133FY20123FY20113FY20103FY20093FY20083 FY20153 FY20163 FY20183FY20173 FY20193 FY20203
2302 2783 2873 3092 3442 37744812 4979
6399
8390
11253
13463
9570
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 15Fact Sheets 2020
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
19
1029
5699
3887
181
10616
1346
4949
3660
9956
2015141312111009080706050403020100999897
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
10379
197 186
19
10640
181
263284286
16
10018
225
20
10322
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
1376
1598
18 19 2017141312111009080706050403020100999897969594939291908988
902
1260
1864
15
1260
1323
1987
16
1278
1368
1343
1909
1252
1514131211100908070605040302010099989796
1495
1539
1608
16931508
14191370
128011281119
1136
1153
1130
1151
1200
1226
1250
1261
1241
1219
2256
16
1566
2331
1817
16271635
1924
1694
19
2453
1667
1529
1954
2600
2101
1639
1879
1449
1253
1131
1208
1054
8838631006968
1550
2031
1715
20
Data
Uses of Cash Flows
CAPITAL EXPENDITURES (Consolidated Own Funds) Years ended March 31 CAPITAL EXPENDITURES (Non-Consolidated Own Funds) Years ended March 31
Dividends Years ended March 31Capital 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
Note One common share is divided into 100 shares from July 1 2011 Shares bought is stated as 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)
LONG-TERM DEBT AND PAYABLES (Consolidated) As of March 31 LONG-TERM DEBT AND PAYABLES (Non-Consolidated) As of March 31
Bonds Other Average Interest Rate (Right axis)
Long-Term Debt and Payables (Consolidated Non-Consolidated)
BREAKDOWN OF SHINKANSEN PURCHASE LIABILITY(Fiscal year ended March 2020)
LiabilityBalance
Billions of yen
Interest Rate
Term Payment Recipient
No 1 mdash mdash 255until Mar 2017
Japan Railway Construction Transport and Technology Agency
No 2 mdash mdash 255until Mar 2017
No 3 1019 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)
Billions of yen
2000
1500
1000
500
0
6
3
0
Results for acquisition of own shares
Oct-Nov 2007
Aug-Sep 2008
Dec 2008-Jan 2009
Nov 2012 Nov 2013 Jun-Jul 2018
Aug 2018Time period
Purchase amount
Shares bought
Shares retired
yen99bn
1743400
mdash
yen99bn
1991300
mdash
yen99bn
2530600
mdash
mdash
mdash
1743400
mdash
mdash
4521600
yen99bn
1253600
mdash
mdash
mdash
1253600
May-Jul 2019
Aug 2019
yen99bn
1146900
mdash
mdash
mdash
1146900
Billions of yen
0
500
1000
1500
2000
2500
3000
Billions of yen Yen
0
6
3
0
2000
1500
1000
500
Billions of yen
2500
2000
1500
1000
500
0
2545
1161
1382
1762
1413121110090807060504030201009998979695949392
339354
591
443
545
252207
211
258
204
278
241220323
399502
337365
1219
321304
264
16
304
135
1817
297
280
140
160
19
328
175
115110
90
80
7070
6060606065
505050505050
60
5050505050
0
20
40
60
80
100
120
160
140
200
180
160
140
120
100
80
60
40
20
0 15
363
125
20
391
1825
10189
179
1019
5449
3707
179
10176
1631
1704
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Uses of Cash Flows
Capital Expenditures (Own Funds)
Years ended March 31
Consolidated
96
97
98
1715
2031
1550
1219
1241
1261
Non-Consolidated
88
89
90
382
468
544
170
282
301
Safety-related
Capital Expenditures
Depreciation and Amortization
Capital Expenditures
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 16
3580
2460
71980
123390
215740 19
5240
102740
41000
2670
225930
14492943
24439
48323
18551
25380
940
62027150
3580
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
2582125291
4738247869
18 19
24866
47842
17141312111009080706050403020100 20
800
17
820
1918
12050
160
290 300
440 470 490 480
700 710 680600 600
670760 770 760
113011601220
1310
1140
151413121110090807060504030201009998979695949392919089
730
870
20 21
770
9509701040
16
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 27830
18 191714
29680 28380
16131211100908070605040302010099989796959493929190898887
160 220 300 230150 330280 450370 1320
2710
20
7901920
Data
Employees (Consolidated Non-Consolidated)
NUMBER OF EMPLOYEES (Non-Consolidated) As of April 1
NUMBER OF EMPLOYEES AT WORK (Consolidated) As of March 31
NEW EMPLOYEES (Non-Consolidated) FY ended March 31
AGE DISTRIBUTION (Non-Consolidated) As of April 1 2020
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
Note The percentages are based on employee numbers excluding employees reemployed after retirement
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 2021 this figure represents employees who joined the Company on April 1 2020)
The employee figures do not include medical-related employees (doctors technicians nurses etc) and specialist employees recruited mid-career
50~5445~4940~4435~3920~240~19 25~29 30~34 55~
Number of people Number of people
0
1400
1200
1000
800
600
400
200
Number of people
0
50000
40000
30000
20000
10000
Number of people
0
10000
8000
6000
4000
2000
0
60000
50000
40000
30000
20000
10000
Full-time employees
Full-time employees
60~66
Senior employees Senior leader employees (employees reemployed after retirement)
Senior employees Senior leader employees (employees reemployed after retirement)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 17
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) ()7
Rate of total distribution on net assets ()8
ConsolidatedNon-Consolidated Ratio(Operating Revenues) (times)
ConsolidatedNon-Consolidated Ratio(Net Income) (times)
Non-Consolidated
Operating Income Ratio ()
Recurring Profit Ratio ()
Return on Operating Revenues ()
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income
7 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]
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2]
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share
10 From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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
Total Return Ratio ()6 mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash mdash
104
90
49
51
84
690
288
13
54
2893
34458
413865
125
363
31
mdash
31
152
141
126
103
53
1716 1810
128
118
74
63
113
753
332
10
92
3561
57072
527342
160
280
mdash
32
32
154
137
148
132
83
19
129
120
67
62
98
748
333
10
99
3613
53331
561263
175
328
425
32
42
156
127
154
139
82
20
107
98
59
49
81
618
341
09
83
3322
46688
584727
1825
391
503
32
41
157
121
124
111
77
122
112
63
60
100
645
313
11
79
3391
47152
485750
140
297
mdash
30
30
151
129
142
124
74
125
112
59
64
102
651
309
11
75
3381
44353
453429
135
304
mdash
31
31
152
140
144
122
64
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
Management Indicators
Years ended March 31
92
93
Consolidated
Operating Income Ratio ()
123
136
Recurring Profit Ratio ()
66
55
Return on Operating Revenues ()
35
30
Return on Total Assets (ROA) ()
1
71
62
Return on Equity (ROE) ()
2
164
130
Current Ratio ()
574
634
Equity Ratio ()
102
111
Debt-Equity Ratio (times)
3
66
58
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 18
Data
Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
Non-Controlling Interests5
Net Assets6
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 Investing Activities
Free Cash Flows
Cash Flows From Financing Activities
Net increase (decrease) in cash equivalents
(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
7
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
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 17 187
30718
19555
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)
381
19
32375
20577
mdash
[1002]
11798
15293
9539
2455
mdash
1485
1813
1969
1362
61
mdash
356
212
(24)
94
230
(188)
11
200
1833
(261)
290
552
1027
2897
(2474)
423
(71)
351
20
32752
20521
mdash
[1050]
12231
15082
9334
2260
mdash
1651
1836
1606
1053
38
mdash
349
197
(31)
88
211
(182)
12
194
1483
(76)
230
307
893
2401
(2686)
(285)
(291)
(576)
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)
Operating Revenues (Revenues from third parties)
Profit attributable to owners of parent
Cash Flows From Operating Activities
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
Consolidated Financial Data
Years ended March 31
92
93
Total Assets
23719
23845
Total Liabilities
21292
21191
Total Shareholdersrsquo Equity
2426
2654
Non-Controlling Interests
5
[49]
[57]
Net Assets
6
mdash
mdash
10785
10875
Transportation
9013
9044
Sales of goods and food services
mdash
mdash
Sales of goods
1212
1241
Operating Revenues (Revenues from
third parties)
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 19
Data
Non-Consolidated Financial Data Years ended March 31
Total Assets
Total Liabilities
Total Shareholdersrsquo Equity
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
Non-operating revenues
Non-operating expenses
Recurring Profit
Extraordinary profit (loss)
Extraordinary profit
Extraordinary loss
Net Income (Loss)
Note Figures in parentheses are negative values Record high figures
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
5
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
From the fiscal year ended March 31 2018 accompanying partial amendments to ldquoAccounting Standard for Tax Effect Accountingrdquo the method of offsetting deferred tax assets and deferred tax liabilities in the ldquoAssetsrdquo and ldquoLiabilitiesrdquo sections has been changed
(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
2652
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
7789
2330
2152
177
3690
453
1467
1769
mdash
187
320
15
273
21
09
1260
1120
65
264
921
(45)
606
651
473
16 18517
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
19
27823
19825
mdash
7997
9809
8734
176
293
604
8301
2158
2070
88
4166
452
1640
2073
mdash
272
360
43
286
23
07
1343
1507
75
217
1364
(206)
276
482
806
20
27939
19700
mdash
8239
9619
8568
171
300
577
8421
2146
2059
87
4243
454
1664
2124
mdash
284
364
39
292
24
07
1382
1197
75
203
1069
(11)
209
221
735
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
1
2
3
4
5
6
7
8
9
10
11
12
13
A
B
C
D
E
F
Non-Consolidated Financial Data
Years ended March 31
88
89
90
Total Assets
14402
13376
12751
Total Liabilities
12832
11759
10876
Total Shareholdersrsquo Equity
1570
1616
1874
Total Net Assets
4
mdash
mdash
mdash
Operating Revenues
7631
8071
8343
Transportation
6910
7281
7488
Transportation incidentals
260
205
236
Other operations
44
120
107
Miscellaneous
417
463
510
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 20
Data
Transportation Revenues Years ended March 31
Railway
Shinkansen
Conventional Lines
Kansai Urban Area
(Kyoto-Osaka-
Kobe Area)
Other Lines
Subtotal
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
(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
2 The consumption tax rate was increased in October 2019
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
1457
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
2989
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
1738
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
19
112
4458
4570
1166
1914
3081
246
835
1082
1413
2749
4163
1525
7208
8734
00
8734
20
102
114
4298
4412
1172
1902
3075
247
834
1081
1420
2736
4156
1534
7034
8568
00
8568
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
3022
1105
16
4346 4570
4477
3050 30813090
1100 10821110
191817141312111009080706050403020100999897969594939291908988
4372
Consumption tax
Commuter
Other
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Commuter
Other
Total
Total
20
4412
3075
1081
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A
B
C
D
E
F
G
Transportation Revenues
Years ended March 31
88
89
90
Shinkansen
Commuter
10
14
18
Other
2829
3197
3255
Total
2839
3211
3274
Conventional Lines
Commuter
848
845
898
Other
1385
1465
1531
Total
2233
2310
2430
Commuter
269
266
276
Other
1448
1485
1499
Total
1718
1751
1775
Railway
Kyoto-Osaka-Kobe
Area ldquoUrban
Networkrdquo
Other conventional
lines
WEST JAPAN RAILWAY COMPANY
Fact Sheets 2020CORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 21
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 Lines Commuter
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
19
880
20457
21338
18766
11031
29797
3985
4257
8243
22751
15289
38040
23632
35746
59379
19
87
1845
1911
45
139
184
556
779
1335
20
892
19717
20610
18827
10866
29693
3967
4316
8284
22794
15183
37977
23687
34900
58588
20
82
1848
1911
45
143
189
560
803
1364
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
1
2
3
4
5
6
7
8
9
10
11
12
A
B
C
D
E
F
Transportation Data
Years ended March 31
Passenger-Kilometers
1
88
89
90
Commuter
71
100
137
Other
13081
14691
14865
Total
13152
14792
15002
Commuter
12399
12956
13428
Other
7934
8340
8412
Total
20333
21297
21841
Commuter
4222
4373
4423
Conventional Lines
Shinkansen
Kyoto-Osaka-
Kobe Area ldquoUrban
Networkrdquo
Other
conventional lines
WEST JAPAN RAILWAY COMPANYCORPORATEOVERVIEW
OPERATINGENVIRONMENT
CONTENTS DATA OTHERBUSINESS 22Fact Sheets 2020
Other
Outline of Governmentrsquos Regulations on Railway Fares and Charges
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
Op
era
ting c
osts
etc
Expenses
Dividends etc
Interest expense
Optimal costcalculated 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
Scope toincreaseprice cap
No scope toincreaseprice cap
Revenues from current fares
Revenues from express charges
Transportation incidentals
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 infectious disease outbreak and epidemic
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 April 30
2020 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
Transportation Data | Years ended March 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Passenger-Kilometers1 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 880 | 892 | ||||||||||||||||||||||||||||||||||||
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 | 20457 | 19717 | |||||||||||||||||||||||||||||||||||||
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 | 21338 | 20610 | |||||||||||||||||||||||||||||||||||||
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 | 18766 | 18827 | ||||||||||||||||||||||||||||||||||||
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 | 11031 | 10866 | |||||||||||||||||||||||||||||||||||||
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 | 29797 | 29693 | |||||||||||||||||||||||||||||||||||||
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 | 3985 | 3967 | ||||||||||||||||||||||||||||||||||||
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 | 4257 | 4316 | |||||||||||||||||||||||||||||||||||||
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 | 8243 | 8284 | |||||||||||||||||||||||||||||||||||||
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 | 22751 | 22794 | ||||||||||||||||||||||||||||||||||||
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 | 15289 | 15183 | |||||||||||||||||||||||||||||||||||||
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 | 38040 | 37977 | |||||||||||||||||||||||||||||||||||||
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 | 23632 | 23687 | ||||||||||||||||||||||||||||||||||||
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 | 35746 | 34900 | |||||||||||||||||||||||||||||||||||||
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 | 59379 | 58588 | |||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 87 | 82 | |||||||||||||||||||||||||||||||||||||
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 | 1845 | 1848 | |||||||||||||||||||||||||||||||||||||
Total2 | 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 | 1911 | 1911 | |||||||||||||||||||||||||||||||||||||
Train-Kilometers3 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 45 | 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 | 139 | 143 | |||||||||||||||||||||||||||||||||||||
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 | 184 | 189 | |||||||||||||||||||||||||||||||||||||
Passenger Car-Kilometers4 | 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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||
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 | 556 | 560 | |||||||||||||||||||||||||||||||||||||
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 | 779 | 803 | |||||||||||||||||||||||||||||||||||||
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 | 1335 | 1364 | |||||||||||||||||||||||||||||||||||||
1 Passenger-Kilometers the total number of passengers times the number of kilometers each traveled | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 Passengers using both Shinkansen and conventional lines during one journey are counted as one passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 Train-Kilometers the total distance traveled by all trains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 Passenger 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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||
Railway | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 112 | 114 | |||||||||||||||||||||||||||||||||||||
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 | 4458 | 4298 | ||||||||||||||||||||||||||||||||||||||
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 | 4570 | 4412 | ||||||||||||||||||||||||||||||||||||||
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 | 1166 | 1172 | |||||||||||||||||||||||||||||||||||||
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 | 1914 | 1902 | ||||||||||||||||||||||||||||||||||||||
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 | 3081 | 3075 | ||||||||||||||||||||||||||||||||||||||
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 | 246 | 247 | |||||||||||||||||||||||||||||||||||||
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 | 835 | 834 | ||||||||||||||||||||||||||||||||||||||
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 | 1082 | 1081 | ||||||||||||||||||||||||||||||||||||||
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 | 1413 | 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 | 2749 | 2736 | ||||||||||||||||||||||||||||||||||||||
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 | 4163 | 4156 | ||||||||||||||||||||||||||||||||||||||
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 | 1525 | 1534 | |||||||||||||||||||||||||||||||||||||
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 | 7208 | 7034 | ||||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 | 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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||||
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 2914 billion and 1206 billion respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | The consumption tax rate was increased in October 2019 |
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 | 185 | 19 | 20 | |||||||||||||||||||||||||||||||||||||
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 | 27823 | 27939 | ||||||||||||||||||||||||||||||||||||
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 | 19825 | 19700 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 7997 | 8239 | ||||||||||||||||||||||||||||||||||||
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 | 9809 | 9619 | ||||||||||||||||||||||||||||||||||||
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 | 8734 | 8568 | ||||||||||||||||||||||||||||||||||||
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 | 176 | 171 | ||||||||||||||||||||||||||||||||||||
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 | 293 | 300 | ||||||||||||||||||||||||||||||||||||
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 | 604 | 577 | ||||||||||||||||||||||||||||||||||||
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 | 8301 | 8421 | ||||||||||||||||||||||||||||||||||||
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 | 2158 | 2146 | ||||||||||||||||||||||||||||||||||||
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 | 2070 | 2059 | ||||||||||||||||||||||||||||||||||||
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 | 88 | 87 | ||||||||||||||||||||||||||||||||||||
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 | 4166 | 4243 | ||||||||||||||||||||||||||||||||||||
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 | 452 | 454 | ||||||||||||||||||||||||||||||||||||
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 | 1640 | 1664 | ||||||||||||||||||||||||||||||||||||
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 | 2073 | 2124 | ||||||||||||||||||||||||||||||||||||
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 | 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 | 272 | 284 | ||||||||||||||||||||||||||||||||||||
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 | 360 | 364 | ||||||||||||||||||||||||||||||||||||
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 | 43 | 39 | ||||||||||||||||||||||||||||||||||||
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 | 286 | 292 | ||||||||||||||||||||||||||||||||||||
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 | 23 | 24 | ||||||||||||||||||||||||||||||||||||
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 | 07 | 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 | 1343 | 1382 | ||||||||||||||||||||||||||||||||||||
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 | 1507 | 1197 | ||||||||||||||||||||||||||||||||||||
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 | 75 | 75 | ||||||||||||||||||||||||||||||||||||
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 | 217 | 203 | ||||||||||||||||||||||||||||||||||||
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 | 1364 | 1069 | ||||||||||||||||||||||||||||||||||||
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) | (206) | (11) | ||||||||||||||||||||||||||||||||||||
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 | 276 | 209 | ||||||||||||||||||||||||||||||||||||
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 | 482 | 221 | ||||||||||||||||||||||||||||||||||||
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 | 806 | 735 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 187 | 19 | 20 | |||||||||||||||||||||||||||||||||
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 | 30718 | 32375 | 32752 | ||||||||||||||||||||||||||||||||
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 | 19555 | 20577 | 20521 | ||||||||||||||||||||||||||||||||
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 | 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] | [1002] | [1050] | ||||||||||||||||||||||||||||||||
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 | 11798 | 12231 | ||||||||||||||||||||||||||||||||
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 | 15293 | 15082 | ||||||||||||||||||||||||||||||||
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 | 9539 | 9334 | ||||||||||||||||||||||||||||||||
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 | 2455 | 2260 | ||||||||||||||||||||||||||||||||
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 | 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 | 1485 | 1651 | ||||||||||||||||||||||||||||||||
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 | 1813 | 1836 | ||||||||||||||||||||||||||||||||
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 | 1969 | 1606 | ||||||||||||||||||||||||||||||||
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 | 1362 | 1053 | ||||||||||||||||||||||||||||||||
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 | 61 | 38 | ||||||||||||||||||||||||||||||||
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 | 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 | 356 | 349 | ||||||||||||||||||||||||||||||||
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 | 212 | 197 | ||||||||||||||||||||||||||||||||
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) | (24) | (31) | ||||||||||||||||||||||||||||||||
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 | 94 | 88 | ||||||||||||||||||||||||||||||||
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 | 230 | 211 | ||||||||||||||||||||||||||||||||
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) | (188) | (182) | ||||||||||||||||||||||||||||||||
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 | 11 | 12 | ||||||||||||||||||||||||||||||||
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 | 200 | 194 | ||||||||||||||||||||||||||||||||
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 | 1833 | 1483 | ||||||||||||||||||||||||||||||||
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) | (261) | (76) | ||||||||||||||||||||||||||||||||
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 | 290 | 230 | ||||||||||||||||||||||||||||||||
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 | 552 | 307 | ||||||||||||||||||||||||||||||||
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 | 1027 | 893 | ||||||||||||||||||||||||||||||||
Cash Flows From Operating Activities | 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 | 2897 | 2401 | ||||||||||||||||||||||||||||||||
Cash Flows From Investing Activities | 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) | (2474) | (2686) | ||||||||||||||||||||||||||||||||
Free Cash Flows | 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 | 423 | (285) | ||||||||||||||||||||||||||||||||
Cash Flows From Financing Activities | 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) | (71) | (291) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in cash equivalents | 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) | 381 | 351 | (576) | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed |
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 | 1810 | 19 | 20 | |||||||||||||||||||||||||||||||
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 | 129 | 107 | ||||||||||||||||||||||||||||||
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 | 120 | 98 | ||||||||||||||||||||||||||||||
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 | 67 | 59 | ||||||||||||||||||||||||||||||
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 | 62 | 49 | ||||||||||||||||||||||||||||||
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 | 98 | 81 | ||||||||||||||||||||||||||||||
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 | 753 | 748 | 618 | ||||||||||||||||||||||||||||||
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 | 333 | 341 | ||||||||||||||||||||||||||||||
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 | 10 | 09 | ||||||||||||||||||||||||||||||
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 | 99 | 83 | ||||||||||||||||||||||||||||||
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 | 3613 | 3322 | ||||||||||||||||||||||||||||||
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 | 53331 | 46688 | ||||||||||||||||||||||||||||||
Book-value (Net Assets) per Share(BPS) ()5 | 121322 | 132724 | 143242 | 141496 | 149118 | 162133 | 165917 | 156309 | 174424 | 206823 | 205740 | 220285 | 239876 | 262233 | 282245 | 303906 | 322294 | 339113 | 345568 | 355712 | 363241 | 385082 | 404831 | 413865 | 453429 | 485750 | 527342 | 561263 | 584727 | ||||||||||||||||||||||||||||||
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 | 175 | 1825 | ||||||||||||||||||||||||||||||
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 | 328 | 391 | ||||||||||||||||||||||||||||||
Total Return Ratio()6 | 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 | mdash | 425 | 503 | ||||||||||||||||||||||||||||||
Dividend on Equity (DOE) ()7 | 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 | 32 | 32 | ||||||||||||||||||||||||||||||
Rate of total distribution on net assets ()8 | 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 | 42 | 41 | ||||||||||||||||||||||||||||||
Consolidated Non-Consolidated Ratio(Operating Revenues) (times) | 118 | 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 | 156 | 157 | ||||||||||||||||||||||||||||||
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 | 127 | 121 | ||||||||||||||||||||||||||||||
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 | 154 | 124 | ||||||||||||||||||||||||||||||
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 | 139 | 111 | ||||||||||||||||||||||||||||||
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 | 82 | 77 | ||||||||||||||||||||||||||||||
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 Total Return Ratio = (total dividends + acquisitions of treasury stock) Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 Rate of total distribution on net assets = (total dividends + acquisitions of treasury stock) [(Equity at the end of the previous fiscal year + Equity at the end of the fiscal year under review) 2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 The Company conducted a stock split on July 1 2011 at a ratio of 100 ordinary shares for each ordinary share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 From the fiscal year ended March 31 2018 accompanying partial amendments to Accounting Standard for Tax Effect Accounting the method of offsetting deferred tax assets and deferred tax liabilities in the Assets and Liabilities sections has been changed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 2453 | 2545 | |||||||||||||||||||||||||||||||||||||||||||
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 | 1631 | 1704 | |||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||
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 | 1909 | 1762 | |||||||||||||||||||||||||||||||||||
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 | 1252 | 1161 | |||||||||||||||||||||||||||||||||||
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 | 1343 | 1382 | |||||||||||||||||||||||||||||||||||
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 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||
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 | 175 | 1825 | |||||||||||||||||||||||||||||||||||||||
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 | 328 | 391 | |||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10640 | 10189 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
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 | 10616 | 10176 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 1029 | 1019 | ||||||||||||||||||||||||||||||||||||||||||||
Bonds | 1083 | 1583 | 2149 | 2149 | 2000 | 2150 | 2150 | 2100 | 2200 | 2200 | 2499 | 2799 | 2899 | 3849 | 4449 | 4549 | 4499 | 4599 | 4799 | 4949 | 5349 | 5249 | 5699 | 5449 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 4455 | 422 | 3966 | 3881 | 3252 | 3162 | 3010 | 2886 | 2657 | 2505 | 2460 | 2365 | 2591 | 2847 | 3199 | 3168 | 2783 | 3071 | 3500 | 3660 | 3918 | 3982 | 3887 | 3707 | ||||||||||||||||||||||||||||||||||||||||||||
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 | 181 | 179 | ||||||||||||||||||||||||||||||||||||||||||||