Summary of interim financial results and full-year profit and loss forecast for FY2021

December 22, 2020
East Nippon Expressway Co., Ltd.

[Points of interim financial results (consolidated) for FY2020]

1. In the Expressway business, operating revenue increased by 37.9 billion yen from the previous fiscal year to 471.6 billion yen due to an increase in toll revenue and completed road assets compared to the previous fiscal year.
   Operating expenses increased by 34.4 billion yen from the previous fiscal year to 443.2 billion yen due to an increase in road asset rental fees to the Japan Expressway and Debt Repayment Corporation and an increase in road asset completion costs.
   As a result, operating income for the Expressway business was 28.4 billion yen (compared to 24.8 billion yen in the previous fiscal year). Furthermore, Expressway toll revenue tends to be higher in the first half than in the second half, and management costs tend to be higher in the second half than in the first half due to the effects of winter snow and ice countermeasures. This is expected to be profitable.
2. Regarding the service area (SA)/parking area (PA) business, due to an increase in store sales compared to the previous fiscal year, operating revenue increased by 2.7 billion yen from the previous fiscal year to 18.0 billion yen, and operating expenses increased by 1.5 billion yen from the previous fiscal year. Operating income increased by 15.5 billion yen, resulting in operating income of 2.5 billion yen (operating income of 1.2 billion yen in the previous fiscal year).
   The related business as a whole, including outsourcing and other businesses, will have an operating profit of 3 billion yen (compared to 1.4 billion yen in the previous fiscal year), and we expect operating profit for the full year to be 3.3 billion yen.
3. Operating income for all businesses, including Expressway business and related businesses, was 31.4 billion yen (compared to 26.3 billion yen in the previous fiscal year), and operating income for the full year is expected to be 5.1 billion yen.