Financial Results and Investor Meeting

CONSOLIDATED AND NON-CONSOLIDATED FINANCIAL HIGHLIGHTS FOR SIX MONTHS ENDED SEPTEMBER 30, 2002

EAST JAPAN RAILWAY COMPANY(9020)

Six Months ended September 30, 2001 and 2002

CONSOLIDATED FIGURES

Millions of Yen(except for Net Income per Share)
  2001.9 2002.9 change(%)
Operating Revenues 1,261,555 1,269,575 0.6
Operating Income 178,519 201,481 12.9
Net Income 29,412 63,168 114.8
Net Income per Share(yen) 7,353 15,795 114.8
Total Assets 7,088,277 6,896,330 -2.7
Total Long-Term Debt 4,573,504 4,290,321 -6.2
Shareholders' Equity 925,949 978,944 5.7
Operating Cash Flows 237,174 185,801 -21.7
Investing Cash Flows -127,606 -133,620 4.7
Financing Cash Flows -163,826 -106,341 -35.1
Figures are rounded down to the nearest million.

NON-CONSOLIDATED FIGURES

Millions of Yen(except for Net Income per Share)
  2001.9 2002.9 change(%)
Operating Revenues 954,111 949,099 -0.5
Operating Income 163,114 183,540 12.5
Net Income 22,123 57,814 161.3
Net Income per Share(yen) 5,530 14,453 161.3
Total Assets 6,420,316 6,307,847 -1.8
Total Long-Term Debt 4,429,369 4,161,960 -6.0
Shareholders' Equity 805,684 927,189 15.1
Figures are rounded down to the nearest million.