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3. Business Activities 1. Company Overview 2. Business Activities 4. Business Activities 5. Data 6. Other (Transportation Segment) (Real Estate and Hotels Segment) (The Other Segment)

Real Estate and Hotels Segment — Overview and Current Status Station Building Tenant Sales 100 millon yen 100 million yen 864 100 million yen 857 100 million yen 900 300 2,500 766 2019/3 New segment 2020/3 2021/3 651 23 2,030 2,026 609 629 1,958 23 2,000 1,877 844 858 200 827 7 Real estate lease 206 167 120 816 600 232 237 15 226 Condominium sale 23 15 26 1,500 1,390 26 662 206 100 Hotel 23 7 (47) 1,185 1,168 167 1,130 300 1,000 1,061 Amu Plaza 120 Total 254 191 99 ❶ 728 0 500 (47) 0 (50) 2017/3 2018/3 2019/3 2019/3 2020/3 2021/3 0 Reclassified in accordance 2017/3 2018/3 2019/3 2020/3 2021/3 (with new segment categories ) Operating revenues (from external customers) (left) Operating income (right) Real estate lease Condominium sale Hotel JR Hakata City Amu Plaza Kokura//Kagoshima, JR Oita City * Figures from FY2017/3 to FY2019/3 show results under the former segment classificatio (Real Estate Segment). (See page 14.) * From FY2019/3, divided into three subsegments: real estate lease business, condominium sale business, and hotel business. Station Buildings Moji Chihaya 1 Kokura Business area: Kyushu Yoshizuka Tobata Meinohama Kashii Yukuhashi 4 3 6 ❷Amu Plaza Nagasaki Major Station Buildings Hakata Minami- Karatsu No. of visitors Tenant sales Floor area Beppu Building name Date opened (10,000) (100 million yen) Oita (m2) 5 FY2021/3 FY2021/3

●1 Amu Plaza Kokura March 14, 1998 50,000 1,035 106 Kami- 2 Nagasaki 7 Suizenji Kumamoto 8 ●2 Amu Plaza Nagasaki September 21, 2000 58,500 745 153 7 ●3 Amu Plaza Kagoshima September 17, 2004 79,300 1,207 214 4 JR Hakata City March 3, 2011 240,000 4,035 728 Amu Plaza Kagoshima ● *incl. Hakata Hankyu ❸ ●5 JR Oita City April 16, 2015 144,500 1,676 189

6 Miyazaki ●6 Amu Plaza Miyazaki November 20, 2020 37,700 490 29

7 Amu Plaza Kumamoto April 23, 2021 110,000 ー ー 3 ● Kagoshima-Chuo Office Leasing ● Station building (including Ekimachi 1 Chome) Business area: Kyushu, extended to metropolitan area as of April 2021 ❹JR Hakata City Overview of Office Leasing

Name Acquired Floor area(m2) ◆1 Akasaka Sanno Center Building March, 2011 5,000 ◆2 Kojimachi Nibancho Center Building March, 2014 44,000 ◆3 JRJP Hakata Building April, 2016 44,000 ◆4 Hirakawacho Center Building September, 2016 8,000 ◆5 Shinkawa East Building January, 2019 10,000 6 JR Hakataekiminami Building June, 2020 3,500 ❺JR Oita City ❻Amu Plaza Miyazaki ❼Amu Plaza Kumamoto ◆ ◆3 JRJP Hakata Building ◆7 JR Kumamoto Shirakawa Building December, 2020 17,000 6 ◆8 JR Kumamoto Kasugaminami Building December, 2020 3,600 3. Business Activities 1. Company Overview 2. Business Activities 4. Business Activities 5. Data 6. Other (Transportation Segment) (Real Estate and Hotels Segment) (The Other Segment)

Real Estate and Hotels Segment — Overview and Current Status Residential Buildings Hotels Business overview: Apartment leasing, condominium sales Business area: Centered on Kyushu, also extended to Tokyo metropolitan area and Business area: Centered on Kyushu, also extended to major urban areas in Number of Guest Rooms/Opening Brands: RJR (apartment leasing), MJR (condominiums)

Hotel name Location Number Year of Opening of rooms Apartment Leasing: Completed Units numbers (Cumulative) and occupancy rates 1 December, 1992 JR Kyushu Hotel Blossom Fukuoka Fukuoka City, 90 Rebranded and reopened on July, 2011 2 Hotel Okura JR 320 June, 1995 units Sasebo City, Rebranded and reopened on April, 2012 6,000 100% 3 Station Hotel Kokura City, Fukuoka Prefecture 294 April, 1998 97.6% 5,000 97.4% 97.4% 97.4% 97.7% 98% 4 JR Kyushu Hotel Nagasaki Nagasaki City, Nagasaki Prefecture 144 September, 2000

4,000 5 JR Kyushu Hotel Kagoshima Kagoshima City, 247 South wing: Aug, 2001/North wing: Mar, 2010 JR Kyushu Hotel 96% Blossom Hakata Chuo 6 Okuhita Umehibiki Hita City, Oita Prefecture 32 November, 2002 3,000 Rebranded and reopened on Nov, 2017 (Hotel) 94% 3,961 September, 2003 2,000 4,438 5,142 7 Hana Beppu Ryokan Beppu City, Oita Prefecture 30 Rebranded and reopened on April, 2012 2,637 3,147 1,000 92% 8 JR Hotel Yakushima Kumage District, Kagoshima Prefecture 46 October, 2005 9 JR Kyushu Hotel Kokura Kitakyushu City, Fukuoka Prefecture 187 September, 2007 0 90% 2017/3 2018/3 2019/3 2020/3 2021/3 10 JR Kyushu Hotel Miyazaki Miyazaki City, 141 November, 2011 * Figures above include acquired properties. unit (left) Occupancy Rates (right) 11 JR Kyushu Hotel Blossom Hakata Chuo Fukuoka City, Fukuoka Prefecture 247 April, 2013

12 JR Kyushu Hotel Blossom Shinjuku Shibuya-ku, Tokyo 239 August, 2014

13 JR Kyushu Hotel Blossom Oita Oita City, Oita Prefecture 190 April, 2015

Condominium Sales: Number of Delivered Units (Cumulative) 14 JR Kyushu Hotel Blossom Naha City, 218 June, 2017 Shama Lakeview Asoke Bangkok, Thailand 429 1999 units 15 Rebranded and reopened on April, 2018 Okuhita Onsen 10,000 16 Aloft Bangkok Sukhumvit 11 Bangkok, Thailand 298 2011 Umehibiki 8,008 17 THE BLOSSOM HIBIYA Minato-ku, Tokyo 255 August, 2019 8,000 7,564 6,989 6,415 18 THE BLOSSOM HAKATA Premier Fukuoka City, Fukuoka Prefecture 238 September, 2019 5,949 6,000 19 THE BLOSSOM KUMAMOTO Kumamoto City, 203 April, 2021 4,000

2,000 Number of Guest Rooms at JR Kyushu Group Hotels (Cumulative) Hotel occupancy rates and average units prices rooms yen 0 2017/3 2018/3 2019/3 2020/3 2021/3 4,000 16,000 100% * Figures above include units renovated for resale. 3,645 3,645

82.3% 82.1% 13,877 3,152 78.4% 3,004 80% 12,000 3,000 11,766 12,179 13,103 73.3% 11,987 2,337 60%

2,000 8,000

40%

1,000 4,000 32.3% 20%

RJR Precia Kumamotoekimae MJR Sakaisuji Hommachi Tower 0 0 0% (Apartment) (Condominium) 2017/3 2018/3 2019/3 2020/3 2021/3 2017/3 2018/3 2019/3 2020/3 2021/3 7 ADR(left) Occupancy Rates(right) 3. Business Activities 1. Company Overview 2. Business Activities 4. Business Activities 5. Data 6. Other (Transportation Segment) (Real Estate and Hotels Segment) (The Other Segment)

Real Estate and Hotels Segment — Major Development Plans Development in Areas Surrounding Stations Residential Buildings Development in the Fukuoka City Metropolitan Area Apartment Leasing 《Project to utilize the former site of 《Plan for utilizing the space above the Fiscal year of completion Sunoko elementary school tracks at Hakata Station No. of total units 》 》 Name Location (acquisition) * Joint project with Sakurajyuji Co., Ltd., Plan for “a new city” that utilizes the (provisional) (provisional) and other companies space above the Hakata Station tracks RJR Precia Kikukawaekimae Sumida Ward, Tokyo Metropolis 68 2021 Uses: Hospital, senior citizens facility, etc. in a three-dimensional manner RJR Precia Hyakunenbashi Fukuoka City, Fukuoka Prefecture 130 2021 Opening: January 2024 (planned) RJR Precia KoorimotoⅢ Kagoshima City, Kagoshima Prefecture 144 2021

(Provisional)RJR Nishikokura Kitakyushu City, Fukuoka Prefecture 182 2021 Nishi-Kyushu (Takeo-Onsen - Nagasaki) Scheduled to open in Autumn 2022 Condominium Sales

No. of total units Fiscal year of delivery Name Location (provisional) (provisional)

MJR Hiraoekimae Fukuoka City, Fukuoka Prefecture 46 2021

MJR The Garden Shimoori Onojo City, Fukuoka Prefecture 303 2021 《Project for effective use of site of MJR The Garden KashiiⅠ Fukuoka City, Fukuoka Prefecture 208 2021 Fukuoka east government building》 * Joint project with FUKUOKA JISHO MJR Kumamoto The Tower Kumamoto City, Kumamoto Prefecture 230 2022 CO.,LTD., and ASO CORPORATION MJR Oita Branchera Oita City, Oita Prefecture 173 2022 Uses: Offices, commercial facilities MJR The Garden KashiiⅡ Fukuoka City, Fukuoka Prefecture 212 2022 Opening: Spring 2024 (planned)

Kagoshima-Chuo Station [Phase Ⅰ] West Entrance Development [Phase Ⅰ development] Lot area: approx. 6,500 Total floor space: approx 25,400 Area Uses: Commercial facilities, offices Development Opening: Spring 2023(planned) Total floor space: Approx. 102,000 ㎡ Phase development Uses: Commercial facilities, hotel, offices, etc. [ Ⅱ ] Opening: Spring 2022 (planned) opening commercial facilities Lot area: approx.3000 under elevated tracks Uses: Residential areas Autumn 2023 (planned) full opening of new station building Opening: To be determined * Moved forward from plan of FY2026/3 8 * All images are artists’ renderings