Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Results

In the cumulative consolidated third quarter period of fiscal year ending March 2026, revenue was 1,514.1 billion yen (10.7% YoY increase), operating income was 696.7 billion yen (19.3% YoY increase), ordinary income was 656.8 billion yen (21.4% YoY increase), and net income attributable to owners of parent was 459.2 billion yen (21.9% YoY increase). In the railway segment, efforts included transportation support for the Osaka-Kansai Expo on the Tokaido Shinkansen, introduction of the N700S, increased and extended service on conventional lines, and strengthened safety measures. Progress was made on construction and technological development of the superconducting maglev, securing funding for increased total construction costs of the Chuo Shinkansen and confirming the maintenance of sound management. Marketing initiatives such as expansion of the “EX Service” and the “Oshi Tabi” campaign were implemented, with transportation volume reaching 53.17 billion passenger-kilometers, a 10.5% increase over the previous year.

Financial Position and Revision of Earnings Forecast

At the end of the third quarter, total assets amounted to 10.6051 trillion yen (an increase of 281.8 billion yen from the previous fiscal year-end), liabilities amounted to 5.5686 trillion yen (a decrease of 96.1 billion yen), and net assets were 5.0364 trillion yen (an increase of 377.9 billion yen). The full-year earnings forecast was revised upward to revenue of 1,969.0 billion yen (1.7% increase from previous forecast), operating income of 778.0 billion yen (4.3% increase), ordinary income of 723.0 billion yen (4.6% increase), and net income attributable to owners of parent of 502.0 billion yen (4.6% increase). There is no change to the dividend forecast. Although the number of treasury shares is on the rise, the total number of issued shares remains unchanged.