CENTRAL JAPAN RAILWAY COMPANY Annual Report 2007

operating income dropped 0.6% year-on-year to ¥377.5 billion due to an increase in
operating expenses such as anti-earthquake reinforcement related expenses.
Merchandise and Other
In merchandise and other business, in March 2006, JR Nagoya Takashimaya opened
the “Panorama Salon” on the top floor of JR Central Towers and also made large scale
renovations to stores and displays in September that included the specialty store zone.
Also, in major stations, renovation of inner-complex stores also continued in
conjunction with anti-earthquake reinforcement of elevated track columns.
As a result of the above, operating revenue increased by 2.7% year-on-year to ¥195.8
billion and operating profit rose 0.7% to ¥7.5 billion year-on-year.
Real Estate
In the real estate business, JR Central proceeded to refurbish commercial facilities at
major stations in order to increase customers through further effective usage of our
station locations, including “MAY ONE EKIMACHI” opened in Hamamatsu Station.
Also, from the standpoint of the advanced and effective use of held assets, we continued
development of disused sites of former company housing and steadily proceeded with
construction of “Central Garden Residence Tokugawa Meirin-cho,” which will be sold
in the spring of 2008, along with transferring condominiums in “NAGOYA CENTRAL
GARDEN” in March of this year. Furthermore, construction continued on the “JR Tokai
Shin-Yokohama Station Building” (tentative) in preparation for its scheduled opening in
2008.
As a result of the above developments, operating revenues increased by 7.5% year-onyear
to ¥62.5 billion and operating income increased by 10.2% year-on-year to ¥13.7
billion.
Panorama Salon (JR Central Towers 51F)
MAY ONE EKIMACHI (Hamamatsu Station)
NAGOYA CENTRALGARDEN
Guide in store
Quality drug
“amano”
Esthetic Salon
“ciel deux”
Supermarket
“Seijo-Ishii”
Patisserie
“Fortissimo H”
Grand Shop Kyoto (Kyoto Station)
Boulangerie
“Maison Kayser”
Chinese Restaurant
“LIN-KA SARO”
Italian Restaurant
“Nagoya La Bettola da Ochiai”
Other Services
In the hotel business, refurbishing was continued at the Nagoya Marriott Associa Hotel
and services improved so as to increase customer use.
In the travel agency business, we aggressively sold products in order to promote use of
excess seating and attractive products for members of the “JR Central 50+”.
Consequently, operating revenues increased by 9.9% year-on-year to ¥159.4 billion
and operating income rose by 6.2% year-on-year to reach ¥4.2 billion.
NAGOYA CENTRALGARDEN Commercial Complex
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