Q3 2021 East Japan Railway Co Earnings Presentation Transcript

Feb 01, 2021 / NTS GMT

Release Date Price: €17.57 (-5.22%)

Transcript

Kiwamu Sakai

East Japan Railway Company - Executive Director & Director General of Corporate Planning Headquarters

I am Sakai. Firstly, I will explain financial results for the third quarter and revised plan for the fiscal year ending March 2021.

Page 4 shows a summary. Results were as we announced the other day. Revised plan is shown on the right. As you know, in December, infection of COVID-19 spread further. In January, due to the declaration of a state of emergency, use mainly of railways was below our expectation. Therefore, we decided to revise plan.

Page 5 shows cost reduction results. We are digging deeper for further cost reduction. In September, we planned full year cost reduction of JPY 92 billion at parent and group companies combined. As of the third quarter, we implemented cost

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