OREANDA-NEWS. East Japan Railway Company Announces Consolidated Financial Results for the Six-Month Period Ended September 30, 2013.

In the first six months of the fiscal year ending March 31, 2014 (from April 1, 2013, to September 30, 2013; the second quarter), prospects for recovery in the Japanese economy improved gradually, mainly as a result of the government's economic policies, with consumer spending and corporate earnings continuing to recover. Under these conditions, and guided by the "JR East Group Management Vision V - Ever Onward" formulated in October 2012, the East Japan Railway Company and its consolidated subsidiaries and equity method affiliates (JR East) made efforts to conduct service quality reforms and generate revenues through steady implementation of various initiatives centered around the railway, life-style service business and Suica operations.

Consequently, during the six months ended September 30, 2013, operating revenues increased 1.8% year on year to JPN 1,345.2 billion, in line mainly with increased transportation revenues, and operating income increased 2.1% to JPN 259.5 billion. Furthermore, ordinary income increased 2.7% to JPN 217.2 billion, mainly due to a decline in interest expense. Because of an increase in insurance proceeds related to the earthquake and other factors, net income increased 11.4% to JPN 135.7 billion.