Announcement of New Numerical Targets over the Next Three Years (FY2016 through FY2018)

(Translation)
April 28, 2015
To whom it may concern:

Announcement of New Numerical Targets over the Next Three Years (FY2016 through FY2018)

In accordance with "JR East Group Management Vision V - Ever Onward" announced on October 30, 2012, we establish numerical targets that we seek to achieve over a three-year period. We review these three-year targets annually to reflect as appropriate any changes in the management environment or other developments, and update them each year to cover the next three-year period.
Based on such policy, we hereby announce numerical targets for the fiscal year ending March
31, 2018 as described in the Attachment.
(Attachment)
Numerical Targets for the Fiscal Year Ending March 31, 2018

Targets for the fiscal year ending

March 31, 2018

(Reference)

Results for the fiscal year ended March 31, 2015

Consolidated operating revenues

2,900.0 billion yen

2,756.1 billion yen

Segment

Transportation

1,946.0 billion yen

1,852.0 billion yen

Segment

Station Space Utilization

425.0 billion yen

396.3 billion yen

Segment

Shopping Centers & Office

Buildings

288.0 billion yen

254.9 billion yen

Segment

Others

241.0 billion yen

252.7 billion yen

Consolidated operating income

463.0 billion yen

427.5 billion yen

Segment

Transportation

318.0 billion yen

294.6 billion yen

Segment

Station Space Utilization

37.0 billion yen

34.5 billion yen

Segment

Shopping Centers & Office

Buildings

78.0 billion yen

72.3 billion yen

Segment

Others

31.0 billion yen

27.4 billion yen

Segment

Adjustment

(1.0) billion yen

(1.4) billion yen

Consolidated cash flows from operating activities

(Total over three years*)

1,900.0 billion yen

622.7 billion yen

Consolidated ROA

Around 6 %

5.7 %

Consolidated ROE

Around 10 %

8.1 %

* Total amount covering three years from the fiscal year ending March 31, 2016 to the fiscal year ending
March 31, 2018.
Planned Consolidated Capital Expenditures

Total over three years*

(Reference)

Results for the fiscal year ended

March 31, 2015

Approximately 1,600.0 billion yen

522.1 billion yen

* Total amount covering three years from the fiscal year ending March 31, 2016 to the fiscal year ending
March 31, 2018.
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