Financial Results Briefing Materials for the Three Months Ended June 30, 2022

July 26, 2022

Kanagawa Chuo Kotsu Co., Ltd.

Summary of Financial Results for

the Three Months Ended June 30, 2022

Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.

Status of the General Passenger Automobile Traffic Business

Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.

Status during the period and as of June 30, 2022

◼ The three months ended June 30, 2022 witnessed a moderate recovery trend following the lifting of the focused measures to prevent the spread of COVID-19 in March 2022.

◼ While passenger demand has been recovering compared to the previous fiscal year, it still falls short of pre-COVID-19 levels (FY2019).

Passenger bus business

◼ Passenger demand is recovering mainly on weekdays and traffic revenue has recovered to nearly 90% of pre-

COVID-19 levels.

Chartered bus business

◼ Although the effects of the focused measures to prevent the spread of COVID-19, which were lifted in March 2022,

remained until mid-May, the number of vehicles in operation for June recovered to 90% of pre-COVID-19 levels.

Passenger taxi business

◼ Thanks to a certain level of recovery in night time demand reflecting the extended business hours of restaurants,

the number of passenger traffic recovered to around 60% of pre-COVID-19 levels.

*Pre-COVID-19 levels: FY2019 results

3

Consolidated Statement of Income

Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.

(Million yen)

Three months

Three months

ended June 30,

ended June 30,

Increase/decrease

2022

2021

Net sales

24,722

23,686

1,036

[4.4%]

General passenger automobile

12,539

11,231

1,308

traffic business

Real estate business

1,752

1,893

(140)

Automobile sales business

5,840

6,130

(290)

Other businesses

6,481

6,070

411

Remeasurements

(1,891)

(1,638)

(252)

Operating profit

1,448

145

1,303

[893.7%]

General passenger automobile

403

(899)

1,303

traffic business

Real estate business

735

704

30

Automobile sales business

210

212

(2)

Other businesses

119

146

(26)

Remeasurements

(19)

(18)

(1)

Ordinary profit

1,698

725

972

[134.1%]

Profit attributable to owners of parent

1,392

478

913

[191.0%]

Basic earnings per share

113.47 yen

38.99 yen

74.48 yen

Depreciation

1,542

1,658

(115)

EBITDA (Operating profit + Depreciation)

2,991

1,803

1,187

4

Non-operating Income/Loss and Extraordinary Income/Loss

Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.

(Million yen)

Three months

Three months

ended June 30,

ended June 30,

Increase/decrease

Comments

2022

2021

Non-operating income

357

686

(329)

Subsidy income: (341)

Non-operating

Share of loss of entities accounted for

107

106

1

using equity method: +5

expenses

Interest expenses: (4)

Extraordinary income

2

102

(100)

Subsidy income: (80)

Gain on sale of non-current assets: (14)

Loss on retirement of non-current

assets: (89)

Extraordinary loss

19

221

(202)

Loss on tax purpose reduction entry of

non-current assets: (79)

Impairment losses: (28)

5

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Kanagawa Chuo Kotsu Co. Ltd. published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 07:43:13 UTC.