6.
Numerical Targets
Numerical Targets for FY2013 through FY2015
Guided by “JR East Group Management Vision
V—Ever Onward,” JR East will establish numeri-
1. Consolidated operating revenues and operating
income for FY2015
cal targets that it will seek to achieve over the
next three years. Those three-year targets will be
reviewed annually, and will be revised to new tar-
(¥ billion)
2,800
gets for the next three years starting from the fol-
Transportation
Consolidated operating revenues
2,741.0
lowing fiscal year. Through this approach, we will
2. Segment operating revenues and operating income for FY2015
Operating revenues
(¥ billion)
1,800
1,792.0
Shopping Centers & Office Buildings
Operating income
(¥ billion)
300
1,778.0
establish numerical targets that properly reflect
2,651.0
any changes in the management environment or
275.0
275
263.0
1,750
other developments that could take place going
Operating revenues
(¥ billion)
280
250
2,532.1
1,705.7
260
70
66.5 67.0
238.0
240
65
229.6
236.6
1,700
Numerical targets for FY2013 to FY2015 have
71.0
261.0
2,600
forward.
Operating income
(¥ billion)
75
225
220
60
already been announced in April 2012. However,
we have updated these numerical targets with-
2,400
out changing the time period to reflect business
FY2012
FY2013
FY2015
1,650
FY2012 FY2013
results for the first half of FY2013. Looking
ahead, we will announce new numerical targets
(¥ billion)
450
together with business results every fiscal year,
413.0
Operating revenues
(¥ billion)
450
386.0
announcing.
FY2012 FY2013
FY2015
200
FY2012 FY2013
Station Space Utilization
Consolidated operating income
based on the numerical targets we are now
200
FY2015
Operating income
(¥ billion)
50
425
258.0
250
40
33.9
406.0
400
Operating revenues
(¥ billion)
300
41.0
350
3. Consolidated cash flows
from operating activities
(¥ billion)
2,000
FY2012
4. Consolidated ROA
at the end of FY2015
(%)
8.0
FY2013
FY2015
9.1
9.0
1,700.0
6.0
1,500
5.1
35.0
5.4
200
30
FY2012 FY2013
0.8
2.0
0.4
2.0
0.0
FY2012 FY2013 FY2014 FY2015 Total
FY2012 FY2013
FY2015
20
FY2012 FY2013
FY2015
Reference
1.2
4.0
0
FY2015
Capital expenditure for FY2013 through FY2015
558.6
0
27.0
21.9 22.0
200.5
20
0
FY2012 FY2013
¥ 1.45 trillion
1.6
5.9
4.0
500
30
25
(¥ trillion)
2.0
8.0
6.0
1,000
Operating income
150
FY2012 FY2013
FY2015
15
FY2012 FY2013
FY2015
5. Consolidated ROE
at the end of FY2015
(%)
10
5.7
375
FY2015
(¥ billion)
35
229.0
396.1
250
FY2012 FY2013
Others
430.0
360.0
55
FY2015
¥ 1.2 trillion
nonconsolidated
1.0
FY2010-FY2012
nonconsolidated
1.25
• Planned consolidated capital expenditure for the three
years from FY2013 to FY2015 are approximately
¥1,450 billion.
• Planned capital expenditure in safe and stable transportation for the three years from FY2013 to FY2015
are approximately ¥500 billion.
• Planned growth investments expected to generate
returns, such as those in life-style businesses, for the
three years from FY2013 to FY2015 are approximately
¥500 billion.
FY2013-FY2015
FY2015
* The target for consolidated cash flows from operating activities represents the aggregate of the estimated cash flows for the three years from FY2013 to FY2015.
28
JR East Group Management Vision V
JR East Group Management Vision V
29
Numerical Targets (announced on April 28, 2017)
Numerical Targets for FY2020 (Year ending March 31, 2020)
Guided by “JR East Group Management
Vision – Ever Onward ”, JR East will
1. Consolidated operating revenues
and operating income for FY2020
establish numerical targets that it will seek to
achieve over the next three years. Those
Consolidated operating revenues
three-year targets will be reviewed annually,
(¥ billion)
and will be revised to new targets for the next
3,000
3,021.0
2,880.8
Real Estate & Hotels
Transportation
Operating revenues
(¥ billion)
2,028.0
2,000
three years starting from the following fiscal
year.
2. Segment operating revenues and operating income for FY2020
1,989.8
Operating income
(¥ billion)
350.0
350
90
350
85
80
330
2,600
FY2017
FY2020
1,800
250
FY2017 FY2020
headquarters in order to better enforce its
500
The breakdown of financial results for the
550
fiscal year ended March 31, 2017 is shown
75
Operating revenues
(¥ billion)
100
460
FY2020
Operating income
(¥ billion)
20.0
20
89.0
502.4
80
30
500
FY2017
FY2017 FY2020
36.8
466.3
classifications.
310
Others
40
480
based on these revised segment
FY2020
Operating revenues
Operating income
(¥ billion)
41.0
542.0 (¥ billion)
499.0
(¥ billion)
FY2017
Retail & Services
Consolidated operating income
management approach based on segments
89.0
80.3
326.3
From the fiscal year ending March 31, 2018,
that carry out managerial decision-making.
370
300
1,900
classifications to focus on operational
Operating income
(¥ billion)
334.2
2,800
JR East revised its reportable segment
Operating revenues
362.0
(¥ billion)
16.5
15
62.2
440
FY2017
3. Consolidated cash flows
from operating activities
(¥ billion)
2,100
2,000
1,000
652.9
500
0
Around 6
5.9
11.0
10.9
60
FY2020
9.0
5.0
8.0
4.5
7.0
4.0
FY2020
10
FY2017 FY2020
FY2017
FY2020
[Reference] Capital expenditure for the three years from FY2018 to FY2020
1.6
Around10
FY2017
1.2
¥1.7 trillion
•
Planned consolidated capital expenditure for the
three years from FY2018 to FY2020 are
approximately ¥1.7 trillion.
•
Planned capital expenditure in safety for the three
years from FY2018 to FY2020 are approximately
¥600 billion.
•
Planned growth investments expected to generate
returns, such as those in life-style businesses, for
the three years from FY2018 to FY2020 are
approximately ¥700 billion.
(consolidated)
Growth
¥700 billion
10.0
5.5
FY2017
20
FY2017 FY2020
(¥ trillion)
2.0
(%)
12.0
(%)
7.0
6.0
450
5. Consolidated ROE
at the end of FY2020
4. Consolidated ROA
at the end of FY2020
6.5
1,500
FY2020
0.8
0.4
0.0
Maintenance *
¥1,000 billion
Safety
¥600 billion
FY2018-FY2020 (total)
6.0
FY2017
FY2020
* The target for consolidated cash flows from operating activities represents the aggregate of the estimated cash flows for the three years from FY2018 to FY2020.
(*) Maintenance: investment needed for the continuous operation of business
(Note) Statements in this document are based on certain assumptions that JR East viewed as reasonable as of the date
hereof. Actual results may differ from such statements for a variety of reasons.