Fiscal Year Ending March 2027 Second Quarter (Interim) Earnings Presentation

Performance Overview

In the second quarter of the fiscal year ending March 2027, both standalone and consolidated revenue increased, but higher costs pressured profits, resulting in higher revenue and lower profit. Transportation revenue showed a solid performance of +1% Year-over-Year in the first half, and the impact from the world's fair overseas is currently recorded as -5%. At the time of the earnings announcement, the full-year outlook was revised upward, indicating expectations to narrow the gap with plans. Shareholder returns are set at 17 yen for both interim and year-end dividends, 1 yen above initial forecasts, and a new treasury stock acquisition of up to 10 billion yen will be implemented.

Outlook and Shareholder Returns

The company expects second-half revenue growth based on service improvements and fare and charge strategies for the Tokaido Shinkansen while responding to rising costs. Specific measures include increasing the number of Nozomi services and continuing fare increases. The plan is to achieve annual revenue increases step by step through revisions to Green Car fares and the introduction of Supreme Class. The company expects total dividends of approximately 34 yen (interim plus year-end) and will carry out a new share buyback program with an upper limit of 10 billion yen.