Overview of 2017 interim results
December 26, 2017
East Nippon Expressway Co., Ltd.
I will inform you about the summary of the interim settlement of accounts for FY2017 which will be the 13th term of NEXCO EAST (Chiyoda-ku, Tokyo). This half period will be half a year from April 1, 2017 to September 30, 2017.
Point of 2017 interim results (consolidated)
- Expressway business, operating revenue was 463.1 billion yen (up 19.2 billion yen from the previous year) due to increased toll revenue. On the other hand, operating expenses amounted to ¥ 435.4 billion (an increase of ¥ 33.6 billion from the previous year) due to factors such as an increase in road asset rent.
- As a result, the operating income for the Expressway business for the current interim period was 27.7 billion yen, but is expected to be 3.2 billion yen for the full year.
- The reason for the higher operating income in the first half compared to the full year is that our toll revenues are higher in the first half than in the second half, and management expenses tend to be higher in the second half in terms of snow and ice countermeasure costs.
- Interim net income attributable to parent company shareholders was 41.1 billion yen (31.2 billion yen in the previous fiscal year) due to extraordinary income of 28.1 billion yen due to the return of the employee pension fund.
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