FY2026.3 Financial Results and FY2027.3 Management Strategy

from the beginning

FY2026.3 Financial Results and FY2027.3 Management Strategy Explanatory Materials

• Table of Contents

I. Medium- to Long-Term Strategies to Realize “To the Next Stage” 2034

• Performance Highlights and Updates to Numerical Targets of “To the Next Stage” 2034

• Implementation of Medium- to Long-term Growth Strategy for Mobility Business “PRIDE & INTEGRITY”

• Implementation of Medium- to Long-term Business Growth Strategy

• Achieve Security for Everyone by Pursuing Ultimate Safety

• Specific Measures to Improve and Strengthen Group Governance

• Key Mobility Measures (Enhance Safety, Security, and Service)

• Profitability Improvement in Mobility (Creating Passenger Flow)

• Profitability Improvement in Mobility (Fares and Charges)

• Realizing Sustainable Mobility - (1)

• Realizing Sustainable Mobility - (2)

• Best Mix for Mobility (Status of Discussions Regarding Local Lines)

• Business Development Leveraging Existing Assets

• TAKANAWA GATEWAY CITY / OIMACHI TRACKS

• Urban Development Unique to the JR East Group (J-TOD, etc.)

• Strategic Partnership with Itochu Group in the Real Estate Sector

• Rotation Business Model for Real Estate

• Further Business Growth through Suica Renaissance

• Capturing Inbound Demand

• Organizational restructuring to accelerate the realization of “To the Next Stage” 2034

• Cash Allocation

• Cash Allocation (Shareholder returns)

II. FY2026.3 Financial Results

• Highlights of FY2026.3 Financial Results

• FY2026.3 Financial Results (consolidated) : Changes in Operating Income

• Statements of Income (consolidated)

• Transportation

• Traffic Volume and Passenger Revenues

• Transportation(Relevant Indicators)

• Retail & Services

• Real Estate & Hotels

• Real Estate & Hotels (Relevant Indicators)

• Others

• Inbound Revenue Results

• Balance Sheets (consolidated)

• Summary of Cash Flows (consolidated)

• Interest-bearing debt (consolidated), Capital Expenditures (consolidated), Key Indicators(consolidated)

• Statements of Income (non-consolidated)

• Balance Sheets (non-consolidated)

III. FY2027.3 Management Strategies

• Highlights of FY2027.3 Financial Forecast

• FY2027.3 Changes in Operating Income (consolidated) (forecast)

• FY2027.3 Forecast (by segment)

• Sustainability

• Transportation (Segment policy and KPI)

• Transportation (Strategy by business)(1)

• Transportation (Strategy by business)(2)

• Retail & Services (Segment policy and KPI)

• Retail & Services (Strategy by business)

• Real Estate & Hotels (Segment policy and KPI)

• Real Estate & Hotels (Strategy by business)(1)

• Real Estate & Hotels (Strategy by business)(2)

• Others (Strategy and KPI for each business)(1)

• Others (Strategy and KPI for each business)(2)

• Foundation for Growth (Strategy and KPI)(1)

• Foundation for Growth (Strategy and KPI)(2)

• Foundation for Growth (Strategy and KPI)(3)

• Foundation for Growth (Strategy and KPI)(4)

IV. Reference Materials

• Process Towards the Numerical Targets for FY2032.3

• Action to Implement Management that is Conscious of Cost of Capital and Stock Price

• Current recognition of cost of capital and return on equity

• Current recognition of return on equity in Mobility and Lifestyle Solutions

• Current recognition of evaluation from the market

• Action to Implement Managementthat is Conscious of Cost of Capital and Stock Price

• SpecificAction to Implement Managementthat is Conscious of Cost of Capital and Stock Price (1)

• SpecificAction to Implement Managementthat is Conscious of Cost of Capital and Stock Price (2)

• Second Half of FY2026.3 Results of Dialogue with Shareholders and Investors

• Major areas of interest of shareholders and investors

• Feedback to management, the Board of Directors and employees

• Traffic Volume and Passenger Revenues Plans

• Operating Expenses Plans(non-consolidated)

• Changes in Unrealized Gains on Rental Properties and Cross-shareholdings

• Major Capital Expenditures in Mobility

• Future Major Development Projects for Lifestyle Solution

• Future Major Development Projects for Lifestyle Solution

• Change in Capital Expenditures (consolidated)

• Change in Interest-bearing Debt Balance (consolidated)

• Fund-Raising

• Key Financial Indicators

• Interest-bearing Debt Breakdown and Maturity Outlook

• Initiatives, Certifications

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