Fact Sheets 2018 Continuity Progress Making Our Vision Into Reality Year Ended March 31, 2018
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Fact Sheets 2018 Continuity Progress http://www.westjr.co.jp/global/en/ir Making Our Vision into Reality Year ended March 31, 2018 CONTENTS Corporate Overview 1 Businesses, Revenue Composition 2 Service Area 3 Major businesses in consolidated segment 4 JR-West Group Medium-Term Management Plan 2022 Operating Environment 5 Operating Area Population and Gross Production 6 Demand from Inbound Travel 7 Airport and Expressway Networks Business 8 Sanyo Shinkansen Line / Shinkansen Versus Airlines 9 Development of New Shinkansen Lines (Hokuriku Shinkansen Line) 10 Kansai Urban Area (Kyoto-Osaka-Kobe Area) 11 Development in Kansai Urban Area 12 Non-Transportation Operations (Financial Overview) 13 Non-Transportation Operations (Retail Business) 14 Non-Transportation Operations (Real Estate Business) Data 15 Uses of Cash Flows 16 Employees 17 Management Indicators 18 Consolidated Financial Data 19 Non-Consolidated Financial Data 20 Transportation Revenues 21 Transportation Data Other 22 Outline of Government’s Regulations on Railway Fares and Charges WEST JAPAN RAILWAY COMPANY CORPORATE OPERATING CONTENTS BUSINESS DATA OTHER Fact Sheets 2018 OVERVIEW ENVIRONMENT 1 Corporate Overview Businesses, Revenue Composition CORPORATE PROFILE As of March 31, 2018BUSINESSES As of March 31, 2018 Date of establishment : April 1, 1987 Transportation Number of passengers : Total 1,913 million • Bus Services • Railway Services Shinkansen 85 million • Ferry Services Common stock : ¥100 billion Total route length : 5,008.7 kilometers Conventional lines 1,847 million Retail : Shares outstanding : 193,735,000 Shinkansen 812.6 kilometers Kansai Urban Area 1,537 million Sales of goods and food services, department store, Conventional lines 4,196.1 kilometers Other 366 million Employees at work : 25,291 (non-consolidated) wholesale of various goods * The total route length is the sum of the Shinkansen 47,869 (consolidated) Passenger-kilometers : Total 59,291 million and conventional lines. Real Estate : Shinkansen 21,022 million Number of subsidiaries : 153 Number of stations : 1,202 Shopping center operations, real estate lease Conventional lines 38,269 million (incl. 64 consolidated and sale Number of passenger cars : 6,498 Kansai Urban Area 29,872 million subsidiaries) Other 8,397 million Other Businesses : Hotel services, travel services, rental of goods, Train-kilometers per day : Total 512 thousand construction, etc. Shinkansen 124 thousand Conventional lines 388 thousand REVENUE COMPOSITION FY ended March 31, 2018 OPERATING REVENUES OPERATING INCOME RAILWAY REVENUES TOTAL ASSETS (As of March 31, 2018) (REVENUES FROM THIRD PARTIES) 11.3% 10.3% 12.8% 13.2% 9.3% 18.5% Total Total Total 19.8% Total ¥1,500.4 billion ¥191.3 billion ¥867.8 billion ¥3,072.9 billion 16.0% 3.8% 35.6% 3.3% 63.4% 67.4% 51.6% 63.7% Transportation ......... ¥950.8 billion Transportation ......... ¥130.3 billion Shinkansen ............... ¥447.7 billion Transportation ........ ¥2,031.6 billion Retail ...................... ¥239.8 billion Retail .......................... ¥7.2 billion Kansai Urban Area (Kyoto-Osaka-Kobe Area) Retail ........................ ¥105.0 billion ................................. ¥309.0 billion Real Estate ............. ¥139.6 billion Real Estate ................ ¥35.7 billion Real Estate ................ ¥631.1 billion Other Conventional Lines Other Businesses..... ¥170.0 billion Other Businesses....... ¥19.9 billion Other Businesses....... ¥420.8 billion ................................. ¥111.0 billion Note: Percentages of operating income and total assets calculated excluding consolidation adjustment amounts. WEST JAPAN RAILWAY COMPANY CORPORATE OPERATING CONTENTS BUSINESS DATA OTHER Fact Sheets 2018 OVERVIEW ENVIRONMENT 2 Corporate Overview Service Area • Western part of Honshu, the main island of SHINKANSEN Japan, and northern part of Kyushu Boundary Stations between JR-West and Other JR Companies Omi-Shiotsu • Approx. 1/3 of Japan’s population and GDP Shinkansen Line (Bullet Train) Intercity Lines Regional Lines CONVENTIONAL LINES Maibara Tanikawa Yamashina Kusatsu Kyoto Aioi Himeji Shin-Osaka Kameyama Tokaido and Sanyo Shinkansen N700A Kakogawa Tsuge Operating section : Tokyo – Hakata Shin-Kobe Kyobashi Hokuriku Ama Kansai Train configuration : 16 cars Nara Shinkansen Nishi-Akashi gasaki Oji Urban Maximum speed : 300km/h Osaka (JR-West) 225 series commuter train Kobe Area Operating section : Kansai Urban Area Tennoji Takada Hokuriku Kansai-airport Shinkansen Typical train configuration : 8 cars Joetsu Myoko (JR-East) Maximum speed : 130km/h Toyama Wakayama Toyama Kanazawa Takasaki Ishikawa Nagano Fukui Tokyo Sanyo and Kyushu Shinkansen N700 Tottori Shinagawa Shimane Shiga Operating section : Shin-Osaka – Hyogo Kyoto Nagoya Kagoshima-Chuo Okayama Kyoto Thunderbird limited express Okayama Train configuration : 8 cars Shin-Kobe Hiroshima Operating section : Osaka – Kanazawa, Hiroshima Shin-Osaka Maximum speed : 300km/h YamaguchiYamaguchi Wakura-onsen Osaka Mie Typical train configuration : 9 cars Kokura Nara Tokaido Shinkansen Maximum speed : 130km/h Hakata Sanyo Shinkansen Wakayama Fukuoka Sanyo Shinkansen Hokuriku Shinkansen Kyushu 100km Conventional Lines Kumamoto 100mile Shinkansen Kansai Urban Area Area of Other Conventional Lines Hokuriku Shinkansen W7 Operating section : Tokyo – Kanazawa Kagoshima-Chuo Train configuration : 12 cars Maximum speed : 260km/h Note: WEST JAPAN RAILWAY COMPANY CORPORATE OPERATING CONTENTS BUSINESS DATA OTHER Fact Sheets 2018 OVERVIEW ENVIRONMENT 3 Corporate Overview Major businesses in consolidated segment As of March 31, 2018 Transportation Real Estate Railway Services Shopping Centers • Shinkansen, Conventional lines • Operation of shopping centers in station buildings and surrounding Consolidated subsidiary: 1 company areas of stations Subsidiary: Sagano Scenic Railway Consolidated subsidiaries: 12 companies Main subsidiaries: JR West Japan Shopping Center Development Company Tennoji Shopping Center Development Co., Ltd. KOBE SC DEVELOPMENT COMPANY Bus Services • Express buses, conventional buses Real Estate Lease and Sale Consolidated subsidiaries: 2 companies • Operation of station buildings and development of commercial facilities Subsidiaries: surrounding areas of stations and underneath elevated tracks West Japan JR Bus Company • Development of condominiums and community along railway belts Chugoku JR Bus Company Consolidated subsidiaries: 4 companies Subsidiaries: Kyoto Station Building Development Co., Ltd. Ferry Services Osaka Terminal Building Company JR WEST REAL ESTATE & DEVELOPMENT COMPANY Consolidated subsidiary: 1 company Ryoju Properties Co., Ltd. Subsidiary: JR West Miyajima Ferry Co., Ltd. (Name changed to JR West Properties Co., Ltd. on July 1, 2018) Retail Other Businesses Sales of Goods and Food Services Hotels • Operation of stores within railway stations • Operation of hotels directly connected to main stations (convenience stores, gift shops, restaurants, etc.) Consolidated subsidiaries: 6 companies • Operation of VIA INN accommodation-oriented budget hotels Main subsidiaries: West Japan Railway Hotel Development Limited Consolidated subsidiaries: 7 companies Hotel Granvia Osaka Co., Ltd. Main subsidiaries: West Japan Railway Daily Service Net Company Travel Services West Japan Railway Food Service Net Company Consolidated subsidiary: 1 company West Japan Railway Fashion Goods Co., Ltd. Subsidiary: Nippon Travel Agency Co., Ltd. Construction Department Store • Construction, Maintenance Works, Electric Works, etc. • Operation of JR Kyoto Isetan and isetan shops in LUCUA osaka Consolidated subsidiaries: 9 companies Consolidated subsidiary: 1 company Main subsidiaries: DAITETSU KOGYO Co., LTD. Subsidiary: West Japan Railway Isetan Limited WEST JAPAN RAILWAY TECHNOS CORPORATION West Japan Electric System Co., Ltd. Others Wholesale and others • Advertising Services, Cleaning and Maintenance Works, etc. Consolidated subsidiaries: 2 companies Consolidated subsidiaries: 18 companies Subsidiaries: Japan Railway West Trading Company, West Japan Railway Sanin Development Company Main subsidiaries: West Japan Marketing Communications, Inc. West Japan Railway MAINTEC Co., LTD. (Name changed to JR West MAINTEC Co., LTD. on July 1, 2018) WEST JAPAN RAILWAY COMPANY CORPORATE OPERATING CONTENTS BUSINESS DATA OTHER Fact Sheets 2018 OVERVIEW ENVIRONMENT 4 Corporate Overview JR-West Group Medium-Term Management Plan 2022 Positioning of Medium-Term Management Plan Capital Expenditure Plan ¥1,270 billion (Breakdown by segment) Medium-Term Medium-Term (+¥150 billion) * Change excludes equity investment Management Plan 2017 Management Plan 2022 ¥1,120 billion Our Vision— Steadfastly maintaining the Around The Ideal Equity investment Capex for • Strengthening Shinkansen direction taken to date. At the • Setting objectives from 2030: ¥130 billion growth Billions of yen competitiveness long-term viewpoint Forms 2,000.0 same time, adding a backcasting ¥2 trillion ¥460 billion • Increasing the value of railway • Maximizing effectiveness of perspective to target sustained Capex for growth belts in the Kansai Urban Area growth over the long term. large-scale projects Transportation • Increasing asset efficiency and ¥280 billion Operations expanding operational scale in Continuation of current trends non-railway businesses Capex for ¥940 billion 1,500.0 maintenance (+¥150 billion) [Securing business sustainability] Capex for and upgrades • Increasing productivity by utilizing new technologies, etc. maintenance ¥810 billion