JAPAN EXPRESSWAY HOLDINGAND

DEBT REPAYMENT AGENCY

2018

〈目次〉■機構の概要１　機構とは …………………………………………………… 1２　設立の経緯 ………………………………………………… 1３　機構の業務 ………………………………………………… 2４　会社との協定及び業務実施計画 ………………………… 3５　協定締結・業務実施計画認可・事業許可の手続の

流れ及び記載事項 ………………………………………… 4６　高速道路の管理 …………………………………………… 4

■平成 27 年度の業務の実施状況１　道路資産の保有及び貸付け ……………………………… 5２　債務返済の状況 …………………………………………… 6３　会社に対する無利子貸付け ……………………………… 8４　高速道路の新設、改築、維持、修繕その他の管理に

要する費用の縮減を助長するための仕組み …………… 8５　道路管理権限の代行その他の業務 ……………………… 9６　本州と四国を連絡する鉄道施設の管理 ………………… 10

■債務返済計画と実績の対比１　平成 27 年度における債務返済計画と実績の対比 ……… 11２　債務返済計画と実績の推移（機構発足時以降）…………… 14

■平成 27 事業年度決算の概要１　損益計算書 ………………………………………………… 15２　貸借対照表 ………………………………………………… 16

■高速道路の状況　 ………………………………………………………………… 17

■参考資料　 ………………………………………………………………… 20

■全国路線図　 ………………………………………………………………… 27

〈表紙写真説明〉●① ●②

●③ ●④

●⑤ ●⑥

①港大橋（阪神高速 4号・5号湾岸線・16号大阪港線） 阪神高速道路株式会社②レインボーブリッジ（11号台場線） 首都高速道路株式会社③新佐奈川橋（新東名高速道路　岡崎東IC～新城IC） 中日本高速道路株式会社④瀬戸大橋（瀬戸中央自動車道　児島IC～坂出IC） 本州四国連絡高速道路株式会社⑤関門橋（関門自動車道） 西日本高速道路株式会社⑥メップ川橋（道央自動車道　登別東IC～白老IC） 東日本高速道路株式会社

Cover Photos①New Akabuchi River Bridge (Shin-Tomei Expressway) ②Koya Junction (Higashi-Kanto Expressway/　Metropolitan Expressway Bayshore Route/　Tokyo-Gaikan Expressway) ③Minato Bridge (No. 4 Bayshore Route/　No. 16 Osaka Port Route) ④Kumiyama Interchange (Keiji Bypass) ⑤No. 10 Harumi Route ⑥Great Seto Bridge (Seto Chuo Expressway)

Central Nippon Expressway Co., Ltd.East Nippon Expressway Co., Ltd.

Hanshin Expressway Co., Ltd.

West Nippon Expressway Co., Ltd.Metropolitan Expressway Co., Ltd.Honshu-Shikoku Bridge Expressway Co., Ltd.

Contents■Agency Overview１　About the Agency ………………………………………… 2２　Establishment of the Agency ……………………………… 2３　Operation of the Agency ………………………………… 3４　Agreements with Expressway Companies and

Business Implementation Programs ……………………… 4

６　Mid-range Targets and Mid-term Plan 　　(FY 2018‒FY 2021)

…５　Expressway Management ……………………………… 5

………………………………………… 6

■Status of Business Execution in FY 2017１　Holding and Leasing of Expressway Assets ……………… 7２　Status of Debt Repayment ………………………………… 8３　Interest-free Loans to Companies ………………………… 10４　Arrangements to Facilitate Reduction in Costs for

New Construction, Reconstruction, Maintenance,Repairs and other Expressway Maintenance …………… 11

５　Exercise of Statutory Authority on Behalf ofRoad Administrators ……………………………………… 12

６　Management of Railway Facilities ConnectingHonshu and Shikoku ……………………………………… 13

■Comparison of Debt Repayment Plan andPerformance

１　Comparison of FY 2017 Debt Repayment Plan andPerformance ………………………………………………… 14

２　Transition of the Debt Repayment Plan andPerformance (Since the Agency was established) ……… 17

■Overview of FY 2017 Financial Statements１　Profit and Loss Statement ………………………………… 18２　Balance Sheet ……………………………………………… 19

■Present Condition of Expressways　 ………………………………………………………………… 20

■Appendix　 ………………………………………………………………… 25

■Expressway Network　 ………………………………………………………………… 32

●① ●②

●③ ●④

●⑤ ●⑥

　The Japan Expressway Holding and Debt Repayment Agency was established in October 2005 for the purpose of holding and leasing expressway assets as well as quickly and steadily repaying debts while facilitating the smooth execution of expressway projects by six privatized expressway companies within the privatization framework for the highway public corporations.

　Our role is to hold expressway assets and lease them to expressway companies in order to collect leasing fees and use the funds to repay, steadily and within the legally-designated timeframes, inherited debts from highway public corporations as well as newly-incurred debts from new expressway construction. Interest rates are the most critical risk for long-term repayment schedules. We are managing this risk with diverse and effective liability management (such as issuing ultra-long-term bonds) during the recent low interest rate period. As a result, we have managed to steadily pay down our outstanding debt from 38.2 trillion yen at the start of privatization to 27.2 trillion yen at the end of FY 2017. 　　We also exert public authority on behalf of the original highway administrators in a timely and appropriate manner in order to take expressway safety to the next level and ensure that future generations can continue to enjoy safe, high-quality expressways. In addition, we work in conjunction with the national government and expressway companies to systematically implement measures to address aging highway infrastructure and seismic resistance while raising management standards.

　Through our website we actively disclose business and operational information such as debt repayment plans, performance comparison tables, annual maintenance reports, as well as the revenue and expenditure results of each route. Our conscientious disclosures exceed the statutory requirements to ensure the transparency and accountability of our operations.

　In FY 2017, we opened the section along the Shin-Meishin Expressway between the Takatsuki junction/interchange and the Kobe junction, creating a double network for the Chugoku/Meishin route. This has proven to enhance traffic distribution and greatly reduce congestion; it was also a way to better predict travel times along the Chugoku Expressway/Meishin route. Going forward, we intend to branch out into wayside facilities, enhance core distribution routes and make them more convenient, stimulate tourism, and ensure redundancy in the event of a disaster.　In June 2018, we also opened up the section along the Tokyo Outer Ring Road between the Misato-Minami interchange and the Koya junction, linking four radial roads (the Higashi-Kanto Expressway, Joban Expressway, Tohoku Expressway, and the Kan-etsu Expressway), opening up access between the Tokyo Bay area in Chiba and various parts of northern Kanto without going through urban districts̶which in turn should greatly shorten travel times. In the future, we intend to help streamline urban transport and boost logistics productivity, alleviate congestion in wayside areas (improving safety on everyday roads), and promote the flow of tourism throughout the region. 　The various benefits brought by these and other expressway facilities are helping to further bolster socioeconomic prosperity.

　We will do our utmost to realize a successful and efficient operation of the expressway business to enrich everyone’s lives. With your continuous support and guidance, every efforts will be made to meet our commitments.

Hiroki WatanabePresident,Japan Expressway Holding and Debt Repayment AgencyOctober 2018

President's Message

〈目次〉■機構の概要１　機構とは …………………………………………………… 1２　設立の経緯 ………………………………………………… 1３　機構の業務 ………………………………………………… 2４　会社との協定及び業務実施計画 ………………………… 3５　協定締結・業務実施計画認可・事業許可の手続の

流れ及び記載事項 ………………………………………… 4６　高速道路の管理 …………………………………………… 4

■平成 27 年度の業務の実施状況１　道路資産の保有及び貸付け ……………………………… 5２　債務返済の状況 …………………………………………… 6３　会社に対する無利子貸付け ……………………………… 8４　高速道路の新設、改築、維持、修繕その他の管理に

要する費用の縮減を助長するための仕組み …………… 8５　道路管理権限の代行その他の業務 ……………………… 9６　本州と四国を連絡する鉄道施設の管理 ………………… 10

■債務返済計画と実績の対比１　平成 27 年度における債務返済計画と実績の対比 ……… 11２　債務返済計画と実績の推移（機構発足時以降）…………… 14

■平成 27 事業年度決算の概要１　損益計算書 ………………………………………………… 15２　貸借対照表 ………………………………………………… 16

■高速道路の状況　 ………………………………………………………………… 17

■参考資料　 ………………………………………………………………… 20

■全国路線図　 ………………………………………………………………… 27

〈表紙写真説明〉●① ●②

●③ ●④

●⑤ ●⑥

①港大橋（阪神高速 4号・5号湾岸線・16号大阪港線） 阪神高速道路株式会社②レインボーブリッジ（11号台場線） 首都高速道路株式会社③新佐奈川橋（新東名高速道路　岡崎東IC～新城IC） 中日本高速道路株式会社④瀬戸大橋（瀬戸中央自動車道　児島IC～坂出IC） 本州四国連絡高速道路株式会社⑤関門橋（関門自動車道） 西日本高速道路株式会社⑥メップ川橋（道央自動車道　登別東IC～白老IC） 東日本高速道路株式会社

Cover Photos①New Akabuchi River Bridge (Shin-Tomei Expressway) ②Koya Junction (Higashi-Kanto Expressway/　Metropolitan Expressway Bayshore Route/　Tokyo-Gaikan Expressway) ③Minato Bridge (No. 4 Bayshore Route/　No. 16 Osaka Port Route) ④Kumiyama Interchange (Keiji Bypass) ⑤No. 10 Harumi Route ⑥Great Seto Bridge (Seto Chuo Expressway)

Central Nippon Expressway Co., Ltd.East Nippon Expressway Co., Ltd.

Hanshin Expressway Co., Ltd.

West Nippon Expressway Co., Ltd.Metropolitan Expressway Co., Ltd.Honshu-Shikoku Bridge Expressway Co., Ltd.

Contents■Agency Overview１　About the Agency ………………………………………… 2２　Establishment of the Agency ……………………………… 2３　Operation of the Agency ………………………………… 3４　Agreements with Expressway Companies and

Business Implementation Programs ……………………… 4

６　Mid-range Targets and Mid-term Plan 　　(FY 2018‒FY 2021)

…５　Expressway Management ……………………………… 5

………………………………………… 6

■Status of Business Execution in FY 2017１　Holding and Leasing of Expressway Assets ……………… 7２　Status of Debt Repayment ………………………………… 8３　Interest-free Loans to Companies ………………………… 10４　Arrangements to Facilitate Reduction in Costs for

New Construction, Reconstruction, Maintenance,Repairs and other Expressway Maintenance …………… 11

５　Exercise of Statutory Authority on Behalf ofRoad Administrators ……………………………………… 12

６　Management of Railway Facilities ConnectingHonshu and Shikoku ……………………………………… 13

■Comparison of Debt Repayment Plan andPerformance

１　Comparison of FY 2017 Debt Repayment Plan andPerformance ………………………………………………… 14

２　Transition of the Debt Repayment Plan andPerformance (Since the Agency was established) ……… 17

■Overview of FY 2017 Financial Statements１　Profit and Loss Statement ………………………………… 18２　Balance Sheet ……………………………………………… 19

■Present Condition of Expressways　 ………………………………………………………………… 20

■Appendix　 ………………………………………………………………… 25

■Expressway Network　 ………………………………………………………………… 32

●① ●②

●③ ●④

●⑤ ●⑥

　The Japan Expressway Holding and Debt Repayment Agency was established in October 2005 for the purpose of holding and leasing expressway assets as well as quickly and steadily repaying debts while facilitating the smooth execution of expressway projects by six privatized expressway companies within the privatization framework for the highway public corporations.

　Our role is to hold expressway assets and lease them to expressway companies in order to collect leasing fees and use the funds to repay, steadily and within the legally-designated timeframes, inherited debts from highway public corporations as well as newly-incurred debts from new expressway construction. Interest rates are the most critical risk for long-term repayment schedules. We are managing this risk with diverse and effective liability management (such as issuing ultra-long-term bonds) during the recent low interest rate period. As a result, we have managed to steadily pay down our outstanding debt from 38.2 trillion yen at the start of privatization to 27.2 trillion yen at the end of FY 2017. 　　We also exert public authority on behalf of the original highway administrators in a timely and appropriate manner in order to take expressway safety to the next level and ensure that future generations can continue to enjoy safe, high-quality expressways. In addition, we work in conjunction with the national government and expressway companies to systematically implement measures to address aging highway infrastructure and seismic resistance while raising management standards.

　Through our website we actively disclose business and operational information such as debt repayment plans, performance comparison tables, annual maintenance reports, as well as the revenue and expenditure results of each route. Our conscientious disclosures exceed the statutory requirements to ensure the transparency and accountability of our operations.

　In FY 2017, we opened the section along the Shin-Meishin Expressway between the Takatsuki junction/interchange and the Kobe junction, creating a double network for the Chugoku/Meishin route. This has proven to enhance traffic distribution and greatly reduce congestion; it was also a way to better predict travel times along the Chugoku Expressway/Meishin route. Going forward, we intend to branch out into wayside facilities, enhance core distribution routes and make them more convenient, stimulate tourism, and ensure redundancy in the event of a disaster.　In June 2018, we also opened up the section along the Tokyo Outer Ring Road between the Misato-Minami interchange and the Koya junction, linking four radial roads (the Higashi-Kanto Expressway, Joban Expressway, Tohoku Expressway, and the Kan-etsu Expressway), opening up access between the Tokyo Bay area in Chiba and various parts of northern Kanto without going through urban districts̶which in turn should greatly shorten travel times. In the future, we intend to help streamline urban transport and boost logistics productivity, alleviate congestion in wayside areas (improving safety on everyday roads), and promote the flow of tourism throughout the region. 　The various benefits brought by these and other expressway facilities are helping to further bolster socioeconomic prosperity.

　We will do our utmost to realize a successful and efficient operation of the expressway business to enrich everyone’s lives. With your continuous support and guidance, every efforts will be made to meet our commitments.

Hiroki WatanabePresident,Japan Expressway Holding and Debt Repayment AgencyOctober 2018

President's Message

Agency Overview１．About the Agency

２．Establishment of the AgencyThe Japan Expressway Holding and Debt Repayment Agency (hereafter referred to as “the Agency”) was

established on October 1, 2005, along with six expressway companies (hereafter referred to as “the Companies”),

under four laws regarding the privatization of four highway public corporations, which were enacted in accordance

with the Japanese Government's policy of privatizing the four public corporations, as spelled out in the Reorganization

and Rationalization Plan for Special Public Corporations (approved in a Cabinet meeting on December 19, 2001)

◆ Framework of the Privatization of Highway Public Corporations　

Companies: Construction, renewal and managementof expressways and collection of tolls

● To secure the repayment of interest-bearing debts amounting to about 40 trillion●

●

Objective of Privatization

３．Operation of the Agency

◆ Scheme for the Implementation of Expressway Business Activities by Agency and Companies

Funds raised

Authorization by the minister of MLIT

*

◆ Scope of Business Activities (prescribed in Article 12 of the Japan ExpresswayHolding and Debt Repayment Agency Law)　

1. Holding of expressway assets and their leasing to the Companies.2. Repayment of inherited debts.3.

4.

5.

6.

7.

8.

9. Where any of the Companies is to engage in new construction work, reconstruction, maintenance, or repair work or perform other aspects of expressway management, the Exercise of Statutory Powers on Behalf of Road Administrators under the Law concerning Special Measures for Highway Improvement.

10.

11. Management of railway facilities linking Honshu and Shikoku.12.

　The Agency must maintain highway assets in good condition, both those inherited from the highway public corporations and those newly constructed after privatization, as well as committing to repaying inherited debts from corporations in full and incremental debts due to the new construction. The repayment scheme is based utilization of the fees paid by the expressway companies to lease the expressway assets by the date as stipulated by the Law concerning Special Measures for Highway Improvement.　Conversely, the Agency plays a role in exercising public authorities, such as traffic prohibition and permission for road occupancy, that were delegated from the original administrators ((the Minister of Land, Infrastructure, Transport and Tourism and leaders of local authorities) as provided by the Law concerning Special Measures for Highway Improvement.　Once the debts have been repaid in full, the Agency shall be dissolved and the expressways transferred to the Companies, which are the original road administrators.

Paragraph 3, Article 23 of the Law concerning Special Measures for Highway Improvement provides that the expiration date for collection duration of expressway tolls by the Companies and the expiration date of road asset leasing period from the Agency to the Companies shall be before September 30, 2065.

－ 2－ － 3－

Agency Overview

Agency Overview　The objectives of the Agency include to reduce the burden of the general public relating to expressways and

support the successful implementations of the expressway business by the Companies, by holding and leasing

assets related to expressways and repaying debts reliably and rapidly.

To promptly construct genuinely needed expressways while minimizing the fiscal burden imposed on the general public and paying due respect to the autonomy of the CompaniesTo offer diverse and flexible pricing and services to expressway users by exploiting private sector expertise

Acceptance of debts borne by any of the companies to cover the cost of newly constructing, reconstructing, repairing or restoring expressways following disasters under the Agreement and repaying such debts.Providing interest-free loans, financed with subsidies from national government or local public entities as prescribed by Cabinet order, to Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., to partially cover the cost of new construction or reconstruction of the Metropolitan Expressway and/or Hanshin Expressway.Providing interest-free loans, financed with subsidies granted by the national government, to the Companies to partially cover the cost of restoring expressways damaged by disasters.Providing interest-free loans, financed with subsidies granted by the national government, to the Companies to partially cover the cost of construction of junctions connecting said expressways and roads (excluding expressways) specified by the Ordinance of the Ministry of Land, Infrastructure and Transport and Tourism.Providing interest-free loans, financed with subsidies granted by local public entities, as prescribed by Cabinet order, to Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., to partially cover the cost of new construction, reconstruction, repair or restoration of Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., following disasters.Subsidization required to facilitate a reduction in the costs of the new construction, reconstruction, maintenance, repair and other management aspects of expressways through the Companies’ own efforts.

Providing railway facilities under item 11 above for use by the railway service operator for the charging of fees.

Operations prescribed under the Law Concerning Special Measures regarding general marine passenger liner service operations, etc., relating to the construction of the Honshu-Shikoku Bridge.

Agency Overview１．About the Agency

２．Establishment of the AgencyThe Japan Expressway Holding and Debt Repayment Agency (hereafter referred to as “the Agency”) was

established on October 1, 2005, along with six expressway companies (hereafter referred to as “the Companies”),

under four laws regarding the privatization of four highway public corporations, which were enacted in accordance

with the Japanese Government's policy of privatizing the four public corporations, as spelled out in the Reorganization

and Rationalization Plan for Special Public Corporations (approved in a Cabinet meeting on December 19, 2001)

◆ Framework of the Privatization of Highway Public Corporations　

Companies: Construction, renewal and managementof expressways and collection of tolls

● To secure the repayment of interest-bearing debts amounting to about 40 trillion●

●

Objective of Privatization

３．Operation of the Agency

◆ Scheme for the Implementation of Expressway Business Activities by Agency and Companies

Funds raised

Authorization by the minister of MLIT

*

◆ Scope of Business Activities (prescribed in Article 12 of the Japan ExpresswayHolding and Debt Repayment Agency Law)　

1. Holding of expressway assets and their leasing to the Companies.2. Repayment of inherited debts.3.

4.

5.

6.

7.

8.

9. Where any of the Companies is to engage in new construction work, reconstruction, maintenance, or repair work or perform other aspects of expressway management, the Exercise of Statutory Powers on Behalf of Road Administrators under the Law concerning Special Measures for Highway Improvement.

10.

11. Management of railway facilities linking Honshu and Shikoku.12.

　The Agency must maintain highway assets in good condition, both those inherited from the highway public corporations and those newly constructed after privatization, as well as committing to repaying inherited debts from corporations in full and incremental debts due to the new construction. The repayment scheme is based utilization of the fees paid by the expressway companies to lease the expressway assets by the date as stipulated by the Law concerning Special Measures for Highway Improvement.　Conversely, the Agency plays a role in exercising public authorities, such as traffic prohibition and permission for road occupancy, that were delegated from the original administrators ((the Minister of Land, Infrastructure, Transport and Tourism and leaders of local authorities) as provided by the Law concerning Special Measures for Highway Improvement.　Once the debts have been repaid in full, the Agency shall be dissolved and the expressways transferred to the Companies, which are the original road administrators.

Paragraph 3, Article 23 of the Law concerning Special Measures for Highway Improvement provides that the expiration date for collection duration of expressway tolls by the Companies and the expiration date of road asset leasing period from the Agency to the Companies shall be before September 30, 2065.

－ 2－ － 3－

Agency Overview

Agency Overview　The objectives of the Agency include to reduce the burden of the general public relating to expressways and

support the successful implementations of the expressway business by the Companies, by holding and leasing

assets related to expressways and repaying debts reliably and rapidly.

To promptly construct genuinely needed expressways while minimizing the fiscal burden imposed on the general public and paying due respect to the autonomy of the CompaniesTo offer diverse and flexible pricing and services to expressway users by exploiting private sector expertise

Acceptance of debts borne by any of the companies to cover the cost of newly constructing, reconstructing, repairing or restoring expressways following disasters under the Agreement and repaying such debts.Providing interest-free loans, financed with subsidies from national government or local public entities as prescribed by Cabinet order, to Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., to partially cover the cost of new construction or reconstruction of the Metropolitan Expressway and/or Hanshin Expressway.Providing interest-free loans, financed with subsidies granted by the national government, to the Companies to partially cover the cost of restoring expressways damaged by disasters.Providing interest-free loans, financed with subsidies granted by the national government, to the Companies to partially cover the cost of construction of junctions connecting said expressways and roads (excluding expressways) specified by the Ordinance of the Ministry of Land, Infrastructure and Transport and Tourism.Providing interest-free loans, financed with subsidies granted by local public entities, as prescribed by Cabinet order, to Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., to partially cover the cost of new construction, reconstruction, repair or restoration of Metropolitan Expressway Co., Ltd. and/or Hanshin Expressway Co., Ltd., following disasters.Subsidization required to facilitate a reduction in the costs of the new construction, reconstruction, maintenance, repair and other management aspects of expressways through the Companies’ own efforts.

Providing railway facilities under item 11 above for use by the railway service operator for the charging of fees.

Operations prescribed under the Law Concerning Special Measures regarding general marine passenger liner service operations, etc., relating to the construction of the Honshu-Shikoku Bridge.

－ 4－ － 5－

　　　　　　

Agency Overview

Agency Overview

４．Agreements with Expressway Companiesand Business Implementation Programs

　When intending to undertake a business operation, the Agency must enter in advance into an agreement with the Company concerned.　When concluding or amending the agreement, the Agency forecasts the duration until the statutory debt repayment deadline and confirms and verifies the need to improve expressways, proper management of the same and the feasibility of debt repayment within the statutory deadline by properly defining the ceiling of debt

to be newly accepted, toll amounts and their collection duration by the Company concerned, costs levied by the

Company concerned for appropriate road maintenance and management, lease fees to be paid by the Company

concerned, etc.

　The Agency amends the agreement promptly and appropriately following any significant change in

socioeconomic circumstances or road policy.

　When concluding or amending the agreement, the Agency must submit a business implementation program

to the Minister of Land, Infrastructure, Transport and Tourism for his or her approval while any Company that

enters into the agreement must apply for approval of its business activities by the Minister of the same.

For individual agreement and implementation programs, please refer to the Agency's website(http://www.jehdra.go.jp/kyouteigyoumujisshi.html)

◆ List of Agreements　

◆ Business Unit　

Agreement / Approval for Business Activities Business Implementation Programs

Nationalexpressway

network

Expressways within the national expressway network for・East Nippon Expressway Co., Ltd.・Central Nippon Expressway Co., Ltd.・West Nippon Expressway Co., Ltd.・Honshu-Shikoku Bridge Expressway Co., Ltd.

: 4 agreements

Expressways within the national expressway network : 1 program

Regionalexpressway

networks

・Metropolitan Expressway・Hanshin Expressway (Hanshin area)・Hanshin Expressway (Kyoto area) : 3 agreements

・Metropolitan Expressway・Hanshin Expressway (Hanshin area)・Hanshin Expressway (Kyoto area) : 3 programs

Independentgeneral toll

roads *

Respective independent general toll roads outside thenational expressway network : 9 agreements

Respective independent general toll roads outside the　national expressway network : 9 programs

As of September 2018

As of September 2018

5 ．Expressway Management　Agency and companies share management roles and closely communicate to manage the expressway system

pursuant to the Special Measures Act on Road Preparation.

　Companies play a role in maintaining and repairing roads and charging fees to keep the expressway’s function

satisfactory at all times.

　The Agency’s role is to exert public authority on behalf of the original administrators. More specifically,

administrative measures such as prohibiting and restricting traffic (mostly the former), providing special

permissions (road occupancy/passage for special vehicles), and issuing orders (for actions taken in response to

violations on vehicle restrictions and the like). The Agency also receives reports on the implementation status of

road management from the companies and checks on the employment implementation situation as necessary.

The information collected regarding the implementation of expressway management will be shared to develop

the management system.

*Dates indicate the end of the toll collection period. Note that under the Agreement Regarding General National Road Route 165 and 166, National Road Route 165 was designated as part of the national expressway network starting March 31, 2018. It therefore falls under the Agreement Regarding the National Expressway Chuo Expressway Nishinomiya Line starting in FY 2018 and is subject to toll collection. Not also that the National Road Route 166 portion overlaps National Road Route 165 due to a district change.

Agreement Regarding the National Expressway Hokkaido Crossing Route, Hakodate-Nayoro Line

Agreement Regarding the National Expressway Chuo Expressway Fuji-Yoshida Line

Agreement Regarding the National Expressway Chuo Expressway Nishinomiya Line

Agreement Regarding the Metropolitan Expressway Line 1

Agreement Regarding the Osaka Prefectural Expressway Osaka-Ikeda Line

Agreement Regarding the Kyoto City Expressway Line 1

Agreement Regarding General National Road Route 1 (Hakone Bypass)

Agreement Regarding General National Road Route 16 (Hachioji Bypass)

Agreement Regarding General National Road Route 139 (Nishi-Fuji Road)

Agreement Regarding General National Road Route 158 (Chubu Crossing Route, Abotoge Road)

Agreement Regarding General National Road Route 31 (Hiroshima-Kure Road)

Agreement Regarding General National Road Route 165 and 166 (Minami-Hanna Road)

Agreement Regarding General National Road Route 201 (Yakiyama Bypass)

Agreement Regarding General National Road Route 506 (Naha Airport Expressway (Haebaru Road)

* January 2, 2060

* Same as above

* Same as above

* Same as above

* September 30, 2065

* September 18, 2062

* March 31, 2019

* January 23, 2008

* July 25, 2011

* October 30, 2015

* March 31, 2012

* January 25, 2037

* November 28, 2020

* March 31, 2018

* September 30, 2014

* March 27, 2009

East Nippon

Central Nippon

West Nippon

Honshu-Shikoku

Metropolitan

Hanshin Expressway Co.,Ltd

Hanshin Expressway Co.,Ltd

East Nippon

Central Nippon

Central Nippon

Central Nippon

Central Nippon

West Nippon

West Nippon

West Nippon

West Nippon

For information on individual agreements and business implementation programs, please see the Agency website (http://www.jehdra.go.jp/kyouteigyoumujisshi.html)

Agreement Regarding General National Road Route 28 (Honshu-Shikoku Expressway (Kobe-Naruto Route))

Agreement Regarding General National Road Route 45 (Sanriku Jukan Expressway (between Naruse-Okumatsushima and Ishinomaki-Kanan))

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Name of Agreement Party to the Agreement withthe Agency

－ 4－ － 5－

　　　　　　

Agency Overview

Agency Overview

４．Agreements with Expressway Companiesand Business Implementation Programs

　When intending to undertake a business operation, the Agency must enter in advance into an agreement with the Company concerned.　When concluding or amending the agreement, the Agency forecasts the duration until the statutory debt repayment deadline and confirms and verifies the need to improve expressways, proper management of the same and the feasibility of debt repayment within the statutory deadline by properly defining the ceiling of debt

to be newly accepted, toll amounts and their collection duration by the Company concerned, costs levied by the

Company concerned for appropriate road maintenance and management, lease fees to be paid by the Company

concerned, etc.

　The Agency amends the agreement promptly and appropriately following any significant change in

socioeconomic circumstances or road policy.

　When concluding or amending the agreement, the Agency must submit a business implementation program

to the Minister of Land, Infrastructure, Transport and Tourism for his or her approval while any Company that

enters into the agreement must apply for approval of its business activities by the Minister of the same.

For individual agreement and implementation programs, please refer to the Agency's website(http://www.jehdra.go.jp/kyouteigyoumujisshi.html)

◆ List of Agreements　

◆ Business Unit　

Agreement / Approval for Business Activities Business Implementation Programs

Nationalexpressway

network

Expressways within the national expressway network for・East Nippon Expressway Co., Ltd.・Central Nippon Expressway Co., Ltd.・West Nippon Expressway Co., Ltd.・Honshu-Shikoku Bridge Expressway Co., Ltd.

: 4 agreements

Expressways within the national expressway network : 1 program

Regionalexpressway

networks

・Metropolitan Expressway・Hanshin Expressway (Hanshin area)・Hanshin Expressway (Kyoto area) : 3 agreements

・Metropolitan Expressway・Hanshin Expressway (Hanshin area)・Hanshin Expressway (Kyoto area) : 3 programs

Independentgeneral toll

roads *

Respective independent general toll roads outside thenational expressway network : 9 agreements

Respective independent general toll roads outside the　national expressway network : 9 programs

As of September 2018

As of September 2018

5 ．Expressway Management　Agency and companies share management roles and closely communicate to manage the expressway system

pursuant to the Special Measures Act on Road Preparation.

　Companies play a role in maintaining and repairing roads and charging fees to keep the expressway’s function

satisfactory at all times.

　The Agency’s role is to exert public authority on behalf of the original administrators. More specifically,

administrative measures such as prohibiting and restricting traffic (mostly the former), providing special

permissions (road occupancy/passage for special vehicles), and issuing orders (for actions taken in response to

violations on vehicle restrictions and the like). The Agency also receives reports on the implementation status of

road management from the companies and checks on the employment implementation situation as necessary.

The information collected regarding the implementation of expressway management will be shared to develop

the management system.

*Dates indicate the end of the toll collection period. Note that under the Agreement Regarding General National Road Route 165 and 166, National Road Route 165 was designated as part of the national expressway network starting March 31, 2018. It therefore falls under the Agreement Regarding the National Expressway Chuo Expressway Nishinomiya Line starting in FY 2018 and is subject to toll collection. Not also that the National Road Route 166 portion overlaps National Road Route 165 due to a district change.

Agreement Regarding the National Expressway Hokkaido Crossing Route, Hakodate-Nayoro Line

Agreement Regarding the National Expressway Chuo Expressway Fuji-Yoshida Line

Agreement Regarding the National Expressway Chuo Expressway Nishinomiya Line

Agreement Regarding the Metropolitan Expressway Line 1

Agreement Regarding the Osaka Prefectural Expressway Osaka-Ikeda Line

Agreement Regarding the Kyoto City Expressway Line 1

Agreement Regarding General National Road Route 1 (Hakone Bypass)

Agreement Regarding General National Road Route 16 (Hachioji Bypass)

Agreement Regarding General National Road Route 139 (Nishi-Fuji Road)

Agreement Regarding General National Road Route 158 (Chubu Crossing Route, Abotoge Road)

Agreement Regarding General National Road Route 31 (Hiroshima-Kure Road)

Agreement Regarding General National Road Route 165 and 166 (Minami-Hanna Road)

Agreement Regarding General National Road Route 201 (Yakiyama Bypass)

Agreement Regarding General National Road Route 506 (Naha Airport Expressway (Haebaru Road)

* January 2, 2060

* Same as above

* Same as above

* Same as above

* September 30, 2065

* September 18, 2062

* March 31, 2019

* January 23, 2008

* July 25, 2011

* October 30, 2015

* March 31, 2012

* January 25, 2037

* November 28, 2020

* March 31, 2018

* September 30, 2014

* March 27, 2009

East Nippon

Central Nippon

West Nippon

Honshu-Shikoku

Metropolitan

Hanshin Expressway Co.,Ltd

Hanshin Expressway Co.,Ltd

East Nippon

Central Nippon

Central Nippon

Central Nippon

Central Nippon

West Nippon

West Nippon

West Nippon

West Nippon

For information on individual agreements and business implementation programs, please see the Agency website (http://www.jehdra.go.jp/kyouteigyoumujisshi.html)

Agreement Regarding General National Road Route 28 (Honshu-Shikoku Expressway (Kobe-Naruto Route))

Agreement Regarding General National Road Route 45 (Sanriku Jukan Expressway (between Naruse-Okumatsushima and Ishinomaki-Kanan))

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－ 6－ － 7－

成平

27

況状施実の務業の度年

(2) New Opened Section The following Expressway sections newly opened in FY2017.

Kinki Expressway Nagoya-Kobe Line　　　　　　(Takatsuki JCT‒Kobe JCT)

National Expressway Kinki Expressway Nagoya-Kobe Line Joyo IC‒ Yawata-kyo Tanabe IC　　　 　4.0kmGeneral National Road Route 45 (Tokyo-Kanjo Expressway) Yoro JCT‒Yoro IC　　　 　3.1kmNational Expressway No. 2 Tokai Expressway Yokohama-Nagoya Line Ebina-Minami JCT‒Atsugi-Minami IC　　　 　2.0kmHigashi-Kanto Expressway Mito Line Hokota IC‒Ibaraki Kuko Kita IC　　　 　9.0kmMetropolitan Expressway Harumi Route Harumi Access‒Toyosu Access　　　 　1.2kmNational Expressway Kinki Expressway Nagoya-Kobe Line Takatsuki JCT‒Kobe JCT　　　 　40.0km

Total 59.3km

Status of Business Execution in FY2017１．Holding and Leasing of Expressway Assets

(1) Holding and Leasing of Expressway Assets　In FY 2017, there was a 59.3-km total increase in holding and leasing of expressway assets with the newly-opened Shin-Meishin Expressway (from Joyo to Yawata-kyo Tanabe) and other projects. The total length of the opened section came in at 10,181 km, 10,241 counting new sections.

◆ Status of Holding and Leasing of Expressway Assets　

Agency Overview

Status of Business Execution in FY2017

As of March 31, 2018 (Unit: km)

Total East NipponExpressway

Co., Ltd.

Central NipponExpressway

Co., Ltd.

West NipponExpressway

Co., Ltd.

MetropolitanExpressway

Co., Ltd.

Hanshin Expressway Co.,Ltd. Honshu-Shikoku Bridge

Expressway Co., Ltd.Hanshin area Kyoto area

Length of holding and leasing 10,241 ［31］ 3,900 ［9］ 2,056 ［3］ 3,516 ［17］ 323 ［1］ 263 ［0］ 10 ［0］ 173 ［0］

Of which are a length opened to traffic 10,181 ［59］ 3,878 ［9］ 2,050 ［5］ 3,499 ［43］ 320 ［1］ 251 ［0］ 10 ［0］ 173 ［0］

Of which are a length under construction （484）60

［-18］［-28］

（140）23

［-9］［0］

（190）6

［-5］［-2］

（103）17

［-2］［-26］

（18）2

［-1］［0］

（34）12

［0］［0］ - - - -

(Breakdown)

National expressway network National expressways Highways other than national expressways

9,6128,3591,253

［30］［42］

［-13］

3,9003,385

515

［9］［9］［0］

2,0511,844

207

［3］［0］［3］

3,4883,130

358

［17］［33］

［-16］- - - - - -

173-

173

［0］-

［0］

Of which are a length opened to traffic 9,566 ［58］ 3,878 ［9］ 2,045 ［5］ 3,471 ［43］ - - - - - - 173 ［0］

National expressways 8,320 ［70］ 3,369 ［9］ 1,838 ［2］ 3,113 ［59］ - - - - - - - -

Highways other than national expressways 1,246 ［-13］ 509 ［0］ 207 ［3］ 358 ［-16］ - - - - - - 173 ［0］

Of which are a length under construction （433）46

［-16］［-28］

（140）23

［-9］［0］

（190）6

［-5］［-2］

（103）17

［-2］［-26］ - - - - - - - -

National expressways （274）39

［-55］［-28］

（105）16

［-9］［0］

（118）6

［-2］［-2］

（51）17

［-44］［-26］ - - - - - - - -

Highways other than national expressways （159）7

［39］［0］

（35）7

［0］［0］

（72）0

［-3］［0］

（52）0

［42］［0］ - - - - - - - -

Regional expressway networks 595 ［1］ - - - - - - 323 ［1］ 263 ［0］ 10 ［0］ - -

Of which are a length opened to traffic 581 ［1］ - - - - - - 320 ［1］ 251 ［0］ 10 ［0］ - -

Of which are a length under construction （52）15

［-1］［0］ - - - - - - （18）

2［-1］［0］

（34）12

［0］［0］ - - - -

Independent general toll roads 34 ［0］ - - 6 ［0］ 28 ［0］ - - - - - - - -

Of which are a length opened to traffic 34 ［0］ - - 6 ［0］ 28 ［0］ - - - - - - - -

Of which are a length under construction - - - - - - - - - - - - - - - -

Note3 : There may be discrepancies in figure totals due to the treatment of fractions.

◆Japan Expressway Holding and Debt Repayment Agency: Policy Chart　

6．Mid-range Targets and Mid-term Plan(FY 2018‒FY 2021) 　The Agency is considered an Agency Managed under the Medium-term Objectives as stipulated in the Act on General Rules for Incorporated Administrative Agencies. We have therefore formulated our Fourth Medium-term Plan in order to achieve the Fourth Medium-term Objectives set forth by the national government.　The Expressway Agency and Company Work Inspections conducted by the Ministry of Land, Infrastructure, Transport and Tourism in 2015 also resulted in the assessment that the basic frameworks for privatization, which were generating steady results, needed to continue for the foreseeable future. As a result, we decided to continue working on several themes carried over from the Third Medium-term Plan (FY2013‒FY2017), among them holding and leasing expressway assets, ensuring rapid debt repayment, and supporting the smooth execution of expressway projects.

(Policy diagram for Term 4 mid-range targets)

Note1 : Figures in brackets denote the increase or decrease in value over figures for March 31, 2017.Note2 : Total length figures have been obtained by combining all the sections that contain assets held by the Agency with the distance between interchanges as the minimum unit. However, that figures in parentheses under “of which are a length under construction” are the total distance of length for expressway sections undergoing new construction by expressway companies under agreements with the Agency, including sections for which the Agency already holds assets.

Note: Three of the items issued by the Minister of Land, Infrastructure, Transport and Tourism under the Fourth Medium-term Objectives (outcome-based indicators (see P20), managing outstanding debt (see P8), and fundraising (see P9)) were deemed of critical importance, while another three (utilizing ICT to boost productivity, improving user services, and taking information security measures) were newly added to the Fourth Medium-term Objectives.

－ 6－ － 7－

成平

27

況状施実の務業の度年

(2) New Opened Section The following Expressway sections newly opened in FY2017.

Kinki Expressway Nagoya-Kobe Line　　　　　　(Takatsuki JCT‒Kobe JCT)

National Expressway Kinki Expressway Nagoya-Kobe Line Joyo IC‒ Yawata-kyo Tanabe IC　　　 　4.0kmGeneral National Road Route 45 (Tokyo-Kanjo Expressway) Yoro JCT‒Yoro IC　　　 　3.1kmNational Expressway No. 2 Tokai Expressway Yokohama-Nagoya Line Ebina-Minami JCT‒Atsugi-Minami IC　　　 　2.0kmHigashi-Kanto Expressway Mito Line Hokota IC‒Ibaraki Kuko Kita IC　　　 　9.0kmMetropolitan Expressway Harumi Route Harumi Access‒Toyosu Access　　　 　1.2kmNational Expressway Kinki Expressway Nagoya-Kobe Line Takatsuki JCT‒Kobe JCT　　　 　40.0km

Total 59.3km

Status of Business Execution in FY2017１．Holding and Leasing of Expressway Assets

(1) Holding and Leasing of Expressway Assets　In FY 2017, there was a 59.3-km total increase in holding and leasing of expressway assets with the newly-opened Shin-Meishin Expressway (from Joyo to Yawata-kyo Tanabe) and other projects. The total length of the opened section came in at 10,181 km, 10,241 counting new sections.

◆ Status of Holding and Leasing of Expressway Assets　

Agency Overview

Status of Business Execution in FY2017

As of March 31, 2018 (Unit: km)

Total East NipponExpressway

Co., Ltd.

Central NipponExpressway

Co., Ltd.

West NipponExpressway

Co., Ltd.

MetropolitanExpressway

Co., Ltd.

Hanshin Expressway Co.,Ltd. Honshu-Shikoku Bridge

Expressway Co., Ltd.Hanshin area Kyoto area

Length of holding and leasing 10,241 ［31］ 3,900 ［9］ 2,056 ［3］ 3,516 ［17］ 323 ［1］ 263 ［0］ 10 ［0］ 173 ［0］

Of which are a length opened to traffic 10,181 ［59］ 3,878 ［9］ 2,050 ［5］ 3,499 ［43］ 320 ［1］ 251 ［0］ 10 ［0］ 173 ［0］

Of which are a length under construction （484）60

［-18］［-28］

（140）23

［-9］［0］

（190）6

［-5］［-2］

（103）17

［-2］［-26］

（18）2

［-1］［0］

（34）12

［0］［0］ - - - -

(Breakdown)

National expressway network National expressways Highways other than national expressways

9,6128,3591,253

［30］［42］

［-13］

3,9003,385

515

［9］［9］［0］

2,0511,844

207

［3］［0］［3］

3,4883,130

358

［17］［33］

［-16］- - - - - -

173-

173

［0］-

［0］

Of which are a length opened to traffic 9,566 ［58］ 3,878 ［9］ 2,045 ［5］ 3,471 ［43］ - - - - - - 173 ［0］

National expressways 8,320 ［70］ 3,369 ［9］ 1,838 ［2］ 3,113 ［59］ - - - - - - - -

Highways other than national expressways 1,246 ［-13］ 509 ［0］ 207 ［3］ 358 ［-16］ - - - - - - 173 ［0］

Of which are a length under construction （433）46

［-16］［-28］

（140）23

［-9］［0］

（190）6

［-5］［-2］

（103）17

［-2］［-26］ - - - - - - - -

National expressways （274）39

［-55］［-28］

（105）16

［-9］［0］

（118）6

［-2］［-2］

（51）17

［-44］［-26］ - - - - - - - -

Highways other than national expressways （159）7

［39］［0］

（35）7

［0］［0］

（72）0

［-3］［0］

（52）0

［42］［0］ - - - - - - - -

Regional expressway networks 595 ［1］ - - - - - - 323 ［1］ 263 ［0］ 10 ［0］ - -

Of which are a length opened to traffic 581 ［1］ - - - - - - 320 ［1］ 251 ［0］ 10 ［0］ - -

Of which are a length under construction （52）15

［-1］［0］ - - - - - - （18）

2［-1］［0］

（34）12

［0］［0］ - - - -

Independent general toll roads 34 ［0］ - - 6 ［0］ 28 ［0］ - - - - - - - -

Of which are a length opened to traffic 34 ［0］ - - 6 ［0］ 28 ［0］ - - - - - - - -

Of which are a length under construction - - - - - - - - - - - - - - - -

Note3 : There may be discrepancies in figure totals due to the treatment of fractions.

◆Japan Expressway Holding and Debt Repayment Agency: Policy Chart　

6．Mid-range Targets and Mid-term Plan(FY 2018‒FY 2021) 　The Agency is considered an Agency Managed under the Medium-term Objectives as stipulated in the Act on General Rules for Incorporated Administrative Agencies. We have therefore formulated our Fourth Medium-term Plan in order to achieve the Fourth Medium-term Objectives set forth by the national government.　The Expressway Agency and Company Work Inspections conducted by the Ministry of Land, Infrastructure, Transport and Tourism in 2015 also resulted in the assessment that the basic frameworks for privatization, which were generating steady results, needed to continue for the foreseeable future. As a result, we decided to continue working on several themes carried over from the Third Medium-term Plan (FY2013‒FY2017), among them holding and leasing expressway assets, ensuring rapid debt repayment, and supporting the smooth execution of expressway projects.

(Policy diagram for Term 4 mid-range targets)

Note1 : Figures in brackets denote the increase or decrease in value over figures for March 31, 2017.Note2 : Total length figures have been obtained by combining all the sections that contain assets held by the Agency with the distance between interchanges as the minimum unit. However, that figures in parentheses under “of which are a length under construction” are the total distance of length for expressway sections undergoing new construction by expressway companies under agreements with the Agency, including sections for which the Agency already holds assets.

Note: Three of the items issued by the Minister of Land, Infrastructure, Transport and Tourism under the Fourth Medium-term Objectives (outcome-based indicators (see P20), managing outstanding debt (see P8), and fundraising (see P9)) were deemed of critical importance, while another three (utilizing ICT to boost productivity, improving user services, and taking information security measures) were newly added to the Fourth Medium-term Objectives.

－ 8－ － 9－

（２）Status of Raised Funds

6,050

4,000

2,400

700

13,150

840

300

2,400

3,540

16,690

0.15%

0.59%

0.85%

1.03%

0.46%

0.63%

0.90%

1.31%

1.11%

0.59%Total

Average financing period

Average remaining period of outstanding debts

Governmentguaranteed

bonds

FILP agencybonds

Category Term Number of issuanceAmount of fund raised(Unit: 100million yen)

Interest rate(average)

21.7 years

　8.6 years（5.1years at the time of establishment）

２．（１）Changes in the Debt Balance(Financial Statement Basis)

Debt balance at start of the period Ａ

Debt accepted 　 　　　　　　 Ｂ

Debt repaid　　　　　 Ｃ

Fund raised　　　　　 Ｄ

Debt balance at end of the period　Ａ＋Ｂ－Ｃ＋Ｄ＋Ｅ

278,704

13,720

34,021

16,690

71

275,163

288,153

7,429

28,517

11,560

80

278,704

FY2017 (Reference)FY2016

Long-term accounts payable(Long-term accounts payablerelating to the construction ofTokyo Wan Aqua-Line)

Total debt

(Of which interest-bearing debts)

Capital

Total of debts and capital

　　　

Government borrowing(interest-free)

Government borrowing(Interest-bearing)

Private borrowing

　Total

Government guaranteedbonds

Government subscribed bonds

Government subscribed

FILP agency bonds

Other bonds

　　　　　Total

－

(100 million yen)

　Changes to the Agency’ s debt balance during FY 2017 are indicated in the table below. 　The total debt as of the beginning of the term (April 1, 2017) was 27.8704 trillion yen, but decreased to 27.5163 trillion yen at the end of the term (March 31, 2018) after accepting 1.3720 trillion yen in debt (from expressway companies together with expressway assets), repaying 3.4021 trillion yen in debt and the issuance of 1.6690 trillion yen in bonds.

Increase in book value from the amort ization of the discount on bonds payable E

Bond

s

．Status of Debt Repayment

◆ Changes in debt balance in FY2017　

Note2: There may be discrepancies in figure due to rounding of fractions.

Debt Category

Loans payable and bonds (face value)Balance indiscounton bondspayable

Book indiscount on

bondspayable

Balanceat start of

period

Increase during periodDecrease

duringperiod

Balanceat end of

periodNew loan Debtaccepted Repayment

(Reference)At time of

establishment

Note1: The above fi gures do not include inherited accounts payable relating roads.Note2: Capital in terms of the expressway account is shown in the Capital section.Note3: There may be discrepancies in figure due to rounding of fractions.

Long

-ter

m lo

ans

paya

ble

◆ Changes According to Debt Category　

Status of Business Execution in FY2017

　To reduce the risk of increased interest rates and to ensure debt repayment, the Agency has

decided to enhance its fundraising efforts by increasing the period of its ultra-long-term loans in

line with the current climate of low-interest rates.

　While boosting demand from a wide range of investors through proactive IR, the Agency took

steps to lengthen bond periods, including issuing government-guaranteed, FILP agency bonds

worth 310.0 billion yen (compared to 210.0 billion yen the previous fiscal year).

　Consequently, the ratio of ultra-long-term debt was 63.8% of total fundraising (1.6690 trillion

yen), with the average procurement interest rate low and stable at 0.59%.

　Meanwhile, the average interest rate for interest-bearing debt fell to 1.16% as of the end of the

fiscal term.

10years

20years

30years

40years

Total

20years

30years

40years

Total

12

12

8

4

36

6

3

10

19

55

Note1: Interest rate (average) is presented as the simple weighted average of funds raised and the average subscriber's yield at the time of bond issuance.

Note2: There may be discrepancies in figure totals due to rounding of fractions.

◆ Status of raised funds in FY 2017　

Status of Business Execution in FY2017

2,103

1,990

13,028

17,122

183,046

－

51,453

－

18,811

253,310

4,732

275,163

273,060

56,050

331,213

－

－

－

－

51

－

706

－

－

757

－

757

757

－

757

2,103

1,990

13,028

17,122

183,097

－

52,159

－

18,811

254,067

4,732

275,920

273,817

56,050

331,970

464

522

853

1,839

23,959

－

3,700

－

4,500

32,159

23

34,021

33,557

－

34,021

－

－

6,334

6,334

－

－

－

－

7,386

7,386

－

13,720

13,720

－

－

－

－

13,150

－

3,540

－

－

16,690

－

16,690

16,690

2,568

2,512

7,547

12,627

193,906

－

52,319

－

15,925

262,150

4,754

279,531

276,964

55,798

335,329

7,800

87,693

31,784

127,276

59,424

145,832

23,925

18,080

－

247,261

7,239

381,775

373,976

43,712

425,487

252

30,662

Note1: The above figures do not include capital and inherited accounts payable relating to roads (88.1 billion yen at the end of FY 2016, 83.0 billion yen at the end of FY 2017).

－ 8－ － 9－

（２）Status of Raised Funds

6,050

4,000

2,400

700

13,150

840

300

2,400

3,540

16,690

0.15%

0.59%

0.85%

1.03%

0.46%

0.63%

0.90%

1.31%

1.11%

0.59%Total

Average financing period

Average remaining period of outstanding debts

Governmentguaranteed

bonds

FILP agencybonds

Category Term Number of issuanceAmount of fund raised(Unit: 100million yen)

Interest rate(average)

21.7 years

　8.6 years（5.1years at the time of establishment）

２．（１）Changes in the Debt Balance(Financial Statement Basis)

Debt balance at start of the period Ａ

Debt accepted 　 　　　　　　 Ｂ

Debt repaid　　　　　 Ｃ

Fund raised　　　　　 Ｄ

Debt balance at end of the period　Ａ＋Ｂ－Ｃ＋Ｄ＋Ｅ

278,704

13,720

34,021

16,690

71

275,163

288,153

7,429

28,517

11,560

80

278,704

FY2017 (Reference)FY2016

Long-term accounts payable(Long-term accounts payablerelating to the construction ofTokyo Wan Aqua-Line)

Total debt

(Of which interest-bearing debts)

Capital

Total of debts and capital

　　　

Government borrowing(interest-free)

Government borrowing(Interest-bearing)

Private borrowing

　Total

Government guaranteedbonds

Government subscribed bonds

Government subscribed

FILP agency bonds

Other bonds

　　　　　Total

－

(100 million yen)

　Changes to the Agency’ s debt balance during FY 2017 are indicated in the table below. 　The total debt as of the beginning of the term (April 1, 2017) was 27.8704 trillion yen, but decreased to 27.5163 trillion yen at the end of the term (March 31, 2018) after accepting 1.3720 trillion yen in debt (from expressway companies together with expressway assets), repaying 3.4021 trillion yen in debt and the issuance of 1.6690 trillion yen in bonds.

Increase in book value from the amort ization of the discount on bonds payable E

Bond

s

．Status of Debt Repayment

◆ Changes in debt balance in FY2017　

Note2: There may be discrepancies in figure due to rounding of fractions.

Debt Category

Loans payable and bonds (face value)Balance indiscounton bondspayable

Book indiscount on

bondspayable

Balanceat start of

period

Increase during periodDecrease

duringperiod

Balanceat end of

periodNew loan Debtaccepted Repayment

(Reference)At time of

establishment

Note1: The above fi gures do not include inherited accounts payable relating roads.Note2: Capital in terms of the expressway account is shown in the Capital section.Note3: There may be discrepancies in figure due to rounding of fractions.

Long

-ter

m lo

ans

paya

ble

◆ Changes According to Debt Category　

Status of Business Execution in FY2017

　To reduce the risk of increased interest rates and to ensure debt repayment, the Agency has

decided to enhance its fundraising efforts by increasing the period of its ultra-long-term loans in

line with the current climate of low-interest rates.

　While boosting demand from a wide range of investors through proactive IR, the Agency took

steps to lengthen bond periods, including issuing government-guaranteed, FILP agency bonds

worth 310.0 billion yen (compared to 210.0 billion yen the previous fiscal year).

　Consequently, the ratio of ultra-long-term debt was 63.8% of total fundraising (1.6690 trillion

yen), with the average procurement interest rate low and stable at 0.59%.

　Meanwhile, the average interest rate for interest-bearing debt fell to 1.16% as of the end of the

fiscal term.

10years

20years

30years

40years

Total

20years

30years

40years

Total

12

12

8

4

36

6

3

10

19

55

Note1: Interest rate (average) is presented as the simple weighted average of funds raised and the average subscriber's yield at the time of bond issuance.

Note2: There may be discrepancies in figure totals due to rounding of fractions.

◆ Status of raised funds in FY 2017　

Status of Business Execution in FY2017

2,103

1,990

13,028

17,122

183,046

－

51,453

－

18,811

253,310

4,732

275,163

273,060

56,050

331,213

－

－

－

－

51

－

706

－

－

757

－

757

757

－

757

2,103

1,990

13,028

17,122

183,097

－

52,159

－

18,811

254,067

4,732

275,920

273,817

56,050

331,970

464

522

853

1,839

23,959

－

3,700

－

4,500

32,159

23

34,021

33,557

－

34,021

－

－

6,334

6,334

－

－

－

－

7,386

7,386

－

13,720

13,720

－

－

－

－

13,150

－

3,540

－

－

16,690

－

16,690

16,690

2,568

2,512

7,547

12,627

193,906

－

52,319

－

15,925

262,150

4,754

279,531

276,964

55,798

335,329

7,800

87,693

31,784

127,276

59,424

145,832

23,925

18,080

－

247,261

7,239

381,775

373,976

43,712

425,487

252

30,662

Note1: The above figures do not include capital and inherited accounts payable relating to roads (88.1 billion yen at the end of FY 2016, 83.0 billion yen at the end of FY 2017).

－ 10 － － 11 －

３．

．４

（１）Utilization of Subsidy Program

（２） Improvement on Subsidy Program

Total amount(Unit: 100million yen) Cost

Balance of interest-bearing debt at time of Agency establishment (October 1,2005) 373,976 1.80％

Balance of interest-bearing debt at the start of FY 2017 276,136 1.28％

Changesduring theperiod

Debts accepted 13,720 0.17％Debts redeemed or repaid －33,557 1.48％Raised funds 16,690 0.59％Increase in book value from the amortizationof the discount on bonds payable 71 －

Balance of interest-bearing debt at the end of FY 2017 273,060 1.16％

Note1: The above figures do not include inherited accounts payable relating to roads.Note2: Costs for loan financing shown in the above Balance of interest-bearing debt are presented as the simple weighted average of the loan

amount and the loan interest rate, while the funding cost of bonds is presented as the simple weighted average subscriber's yield at the time of bond issuance (funding cost of bonds included in "Debts accepted" is indicated by the simple weighted average of accepted book value and coupon rates.)

Note3: There may be discrepancies in figure totals due to rounding of fractions.

◆ Average fundraising costs for interest-bearing debt　

Interest-free Loans to Companies　We accepted 25.23 billion yen in subsidies from national government or local public entities to partially cover the cost of newly constructing and/or reconstructing the Metropolitan Expressway and/or Hanshin Expressway and provided interest-free loans to both companies. We also accepted3.57 billion yen in subsidies from the national government to partially cover the cost of development of a Smart Interchange system, using it to provide interest-free loans to East Nippon Expressway Co., Ltd., Central Nippon Expressway Co., Ltd. and West Nippon Expressway Co., Ltd., and the Honshu-Shikoku Bridge Expressway Co., Ltd. The Agency also accepted 29.0 billion yen in subsidies from the national government to cover the cost of disaster recovery of toll roads (the Disaster Recovery Subsidy for Kumamoto Earthquake, issued under the second supplemental budget for FY2016). These funds were used to provide an interest-free loan to West Nippon Expressway Co., Ltd.

Arrangements to Facilitate Reduction in Costs for New Construction, Reconstruction, Maintenance, Repairs and other Expressway Maintenance

　A Subsidization Program is established to encourage companies to reduce their expenses and

companies making enough effort in this area will benefit from subsidies. In FY2017, the Committee

on Subsidy Programs to Reduce Expenses for New Expressway Construction met on two occasions.

Ten projects were recognized for proper management effort. As a result of the seven projects that

were completed in full with solid cost reductions, it was determined that approximately 500 million

yen in expenses had been reduced.

○ Cost reduction achieved (2007 ～ 2017)

Number of Projects subsidized Cost reduction Amount225 projects Approximately 14,000 million

Also, the recognized project including ones have new technics are publicized on Website so the other companies can learn the method. Additionally, some of the methods are incorporated into their standard and positively utilized to reduce the cost.

◆ Subsidy Program Process　

Construction Cost

Limit on Debt Assumption

≪Plan≫ ≪Outcome≫

Subsidy Standard Amount

Provision of Subsidy

Cost Reduction

Breakdown of cost reduction

Debt Assumption

Case1 Case2

AX

E.g..) Change of soil and/or ground condition

e.g. resulted by new technique applied

The amount of subsidy to the companies shall be 1/2 the amount of reduction resulted by the management effort recognized out of the amount that is lower than the standard amount

X shall be the reduction resulted by the management effort(Case1) if X≧A Subsidy＝A ／ 2(Case2) if X＜A Subsidy＝X ／ 2

Cost Reduction not resulting

from Managing Effort

Provision of Subsidy

１／２assisted

Cost Reduction by the

ManagementCost Reduction

by the Management

Cost Reduction not resulting from

Managing Effort

　For repair projects, since it is harder than with new/renovation projects to utilize the program, we revised the system, reconsidering the submission due of construction plan and its contents in FY 2015.　Eventually, construction plans for five repair projects, were submitted in FY 2017; two of which were reviewed by the FY 2017 subsidy committee and recognized for proper management effort.　We have also begun discussing a new evaluation method to make it easier to utilize subsidy programs as their scope of application broadens.

　

Status of Business Execution in FY2017

Status of Business Execution in FY2017

－ 10 － － 11 －

３．

．４

（１）Utilization of Subsidy Program

（２） Improvement on Subsidy Program

Total amount(Unit: 100million yen) Cost

Balance of interest-bearing debt at time of Agency establishment (October 1,2005) 373,976 1.80％

Balance of interest-bearing debt at the start of FY 2017 276,136 1.28％

Changesduring theperiod

Debts accepted 13,720 0.17％Debts redeemed or repaid －33,557 1.48％Raised funds 16,690 0.59％Increase in book value from the amortizationof the discount on bonds payable 71 －

Balance of interest-bearing debt at the end of FY 2017 273,060 1.16％

Note1: The above figures do not include inherited accounts payable relating to roads.Note2: Costs for loan financing shown in the above Balance of interest-bearing debt are presented as the simple weighted average of the loan

amount and the loan interest rate, while the funding cost of bonds is presented as the simple weighted average subscriber's yield at the time of bond issuance (funding cost of bonds included in "Debts accepted" is indicated by the simple weighted average of accepted book value and coupon rates.)

Note3: There may be discrepancies in figure totals due to rounding of fractions.

◆ Average fundraising costs for interest-bearing debt　

Interest-free Loans to Companies　We accepted 25.23 billion yen in subsidies from national government or local public entities to partially cover the cost of newly constructing and/or reconstructing the Metropolitan Expressway and/or Hanshin Expressway and provided interest-free loans to both companies. We also accepted3.57 billion yen in subsidies from the national government to partially cover the cost of development of a Smart Interchange system, using it to provide interest-free loans to East Nippon Expressway Co., Ltd., Central Nippon Expressway Co., Ltd. and West Nippon Expressway Co., Ltd., and the Honshu-Shikoku Bridge Expressway Co., Ltd. The Agency also accepted 29.0 billion yen in subsidies from the national government to cover the cost of disaster recovery of toll roads (the Disaster Recovery Subsidy for Kumamoto Earthquake, issued under the second supplemental budget for FY2016). These funds were used to provide an interest-free loan to West Nippon Expressway Co., Ltd.

Arrangements to Facilitate Reduction in Costs for New Construction, Reconstruction, Maintenance, Repairs and other Expressway Maintenance

　A Subsidization Program is established to encourage companies to reduce their expenses and

companies making enough effort in this area will benefit from subsidies. In FY2017, the Committee

on Subsidy Programs to Reduce Expenses for New Expressway Construction met on two occasions.

Ten projects were recognized for proper management effort. As a result of the seven projects that

were completed in full with solid cost reductions, it was determined that approximately 500 million

yen in expenses had been reduced.

○ Cost reduction achieved (2007 ～ 2017)

Number of Projects subsidized Cost reduction Amount225 projects Approximately 14,000 million

Also, the recognized project including ones have new technics are publicized on Website so the other companies can learn the method. Additionally, some of the methods are incorporated into their standard and positively utilized to reduce the cost.

◆ Subsidy Program Process　

Construction Cost

Limit on Debt Assumption

≪Plan≫ ≪Outcome≫

Subsidy Standard Amount

Provision of Subsidy

Cost Reduction

Breakdown of cost reduction

Debt Assumption

Case1 Case2

AX

E.g..) Change of soil and/or ground condition

e.g. resulted by new technique applied

The amount of subsidy to the companies shall be 1/2 the amount of reduction resulted by the management effort recognized out of the amount that is lower than the standard amount

X shall be the reduction resulted by the management effort(Case1) if X≧A Subsidy＝A ／ 2(Case2) if X＜A Subsidy＝X ／ 2

Cost Reduction not resulting

from Managing Effort

Provision of Subsidy

１／２assisted

Cost Reduction by the

ManagementCost Reduction

by the Management

Cost Reduction not resulting from

Managing Effort

　For repair projects, since it is harder than with new/renovation projects to utilize the program, we revised the system, reconsidering the submission due of construction plan and its contents in FY 2015.　Eventually, construction plans for five repair projects, were submitted in FY 2017; two of which were reviewed by the FY 2017 subsidy committee and recognized for proper management effort.　We have also begun discussing a new evaluation method to make it easier to utilize subsidy programs as their scope of application broadens.

　

Status of Business Execution in FY2017

Status of Business Execution in FY2017

－ 12 － － 13－

５．（１）Prohibition and restriction of traffic (Road Act No. 46)

（２）Permission for passage of special vehicles (Road Act No. 47-2)

（３） Regulations to control special vehicle violating restriction (Road Act No. 47-4)

（４）Permission for road occupancy (Road Act No. 32)

６．Management of Railway Facilities Connecting Honshu and Shikoku

Common-use facility of Honshi-Bisan Line

①Issuance of administrative orders　Regulations e.g. flowing from a designated point, reducing the load and limit of passage, were established.② Enhanced instruction for frequent violators of regulations　To enhance instructions with respect to frequent offenders violating regulations, the Agency issues warning letters for malicious cases, interviews the parties concerned and applies corrective action after reviewing the violation records (numbers of violations and details thereof) with six companies. For those personnel who do not comply with instructions, their correction instructions/orders were publicized on the Agency’s website.③Implement of immediate accusations　Very challenging cases, the gravity of which was more than double that covered under regulations, were reported immediately to the police when the Agency confirmed the same.　

◆Examples of physical facilities occupied

Cross-section of the common-use space

　The Agency works with companies to place controls on vehicles violating the regulations and restrictions. The Agency also issues administrative orders to non-conforming vehicles (such as removing them from the expressway) and issues various instructions as necessary.

①Bidding for occupancy　For popular projects likely to be competitive, a

bidding system for occupancy was established in FY

2015 to select successful bidders according to

occupancy fees and other factors. In FY 2017, the

Agency implemented four bidding sessions for

occupancy permits.

②Entrustment of administrative affairs for occupancy　Entrustment of administrative affairs for occupancy has been started in 2015 and a local company familiar with road conditions is assigned to inspect the adequacy. The Agency issues the permission based on the inspection result, which helps streamline the operation efficiently.

Tsunami evacuation facility

Park (under the girders of an

expressway)

　The Road Act (vehicle restriction) regulates limitations (standard limits) for the weight, length, width and height of vehicles. Vehicles exceeding the standard limit (special vehicles) must still meet the requirements (e.g. specified time for passing) and obtain permission (for passage of special vehicles) from the administrator to prevent any potential hazards to traffic and the road structure.　The companies are in charge of receiving applications and The Agency issues the relevant permission.

　For expressways, a traffic prohibition standard is established based on regional characteristics and the road structure. In the event of an accident or disaster, The Agency imposes a ban on traffic after receiving a traffic prohibition request from the company designated by the standard.　In the event of earthquake or inclement weather, the traffic prohibition method and request procedure are determined beforehand, which allows the proper action to be implemented when a certain point is reached. Furthermore, for areas at particular risk of secondary disaster, a stricter reference value will be set to prevent the damage expanding.

　The Honshi-Bisan Line (Chayamachi Station ‒ Utazu Station) connects Honshu and Shikoku, which comprises common-use space integrating its straight and Honshu-Shikoku Highway and the railway-use space.　The Agency manages the railway facility while entrusting the administration of railway-use space with Shikoku Railway Company and West Japan Railway Company (hereinafter each JR Company) concluding the agreement with each Company. The common-use space was properly operated by collecting toll fees with the cooperation of the Honshu-Shikoku Bridge Expressway Company.　In addition, to secure the seismic strength of the facilities, a seismic reinforcing project was steadily rolled out based on the same division of roles; targeting completion in FY 2020.

Exercise of Statutory Authority on Behalf of Road Administrators

Status of Business Execution in FY2017

　Permission for road occupancy is provided to those

with physical facility within the expressway area.

the Agency

Delivery ofpermission

Delivery ofpermission

Application Application

Application AcceptanceInvestigation, etc.

(entrustment)

Permission

Investigation, etc.

Consignment

Com

pany

Applicant

◆ En trustment of administrative affairs for occupancy

Flow of regulation and instruction against persons who violate restrictionsCorrective orders issued by

the road administratorInstruction to those who violate

the restrictions Penalty and criminal prosecution

Type of the order

Leaving from designated place

Reduction of the load

Prohibition of traffic

Enhancement of permission

requirements

Corrective action

Leave from the place, such as an interchange, designated by the road administrator.

Travel to a safe area and reduce the load by acceptable weight for running.

Travel to a safe area and stop vehicle until the permission for passage of special vehicles is issued.

To meet the requirements designated by the permission (passing time, allocation of leading vehicles, etc.).

Violation case

Violation of standard limit

Violation of administrative

orders

Passing without the permission

The penalty is imposed not only on those who passed vehicle (driver) but also on the company he/she belongs (dual punishment).

Penal provisions

A fine not more than 1 million yen

Imprisonment not more than six months or a fine not more than 300,000 yen

A fine not more than 1 million yen

Those vicious cases overweighting the standard limit more than double are immediately prosecuted

◆More than double of the standard limit・・・Total vehicle weight is more than [Standard Limit x 2] 　　　 For special vehicle with passage permission, 　　　 [Standard Limit x 2 (total weight permitted ‒ standard limit)]

○ Issue a warning letter 　　　 corresponding to a violation 　 case.

○ If a person repeats violating the　 restrictions:

-give such a person a corrective action instruction via interview-publicize his/her name or company name on the website (for a year)-revoke his/her permission

【Regulating a violation case of the Road Act】

Damage to road structure is reduced by ordering to travel to a safe area and reduce the load.

Reducing the load in accordance with the order

* As a unique effort based on the above violation information, the Agency has strengthened the penalty imposed for large/multi-frequency discount (ETC discount).

Measures

Prohibition and restriction of traffic

Permission for passage of special vehicles

Order for action against violation of the Cabinet Order on ehicle Restriction

Permission for road occupancy

V

Annual number

Annual number

Annual number

otal number of permission outstanding at theend of fiscal yearAnnual number of permissions given

T

: 3,206

: 5,797

: 5,693

: 17,524 : 3,379

Number of cases

○ Main cases of exercise of statutory authority on behalf of road administrators

Expressway useJR useCommon use

Status of Business Execution in FY2017

－ 12 － － 13－

５．（１）Prohibition and restriction of traffic (Road Act No. 46)

（２）Permission for passage of special vehicles (Road Act No. 47-2)

（３） Regulations to control special vehicle violating restriction (Road Act No. 47-4)

（４）Permission for road occupancy (Road Act No. 32)

６．Management of Railway Facilities Connecting Honshu and Shikoku

Common-use facility of Honshi-Bisan Line

①Issuance of administrative orders　Regulations e.g. flowing from a designated point, reducing the load and limit of passage, were established.② Enhanced instruction for frequent violators of regulations　To enhance instructions with respect to frequent offenders violating regulations, the Agency issues warning letters for malicious cases, interviews the parties concerned and applies corrective action after reviewing the violation records (numbers of violations and details thereof) with six companies. For those personnel who do not comply with instructions, their correction instructions/orders were publicized on the Agency’s website.③Implement of immediate accusations　Very challenging cases, the gravity of which was more than double that covered under regulations, were reported immediately to the police when the Agency confirmed the same.　

◆Examples of physical facilities occupied

Cross-section of the common-use space

　The Agency works with companies to place controls on vehicles violating the regulations and restrictions. The Agency also issues administrative orders to non-conforming vehicles (such as removing them from the expressway) and issues various instructions as necessary.

①Bidding for occupancy　For popular projects likely to be competitive, a

bidding system for occupancy was established in FY

2015 to select successful bidders according to

occupancy fees and other factors. In FY 2017, the

Agency implemented four bidding sessions for

occupancy permits.

②Entrustment of administrative affairs for occupancy　Entrustment of administrative affairs for occupancy has been started in 2015 and a local company familiar with road conditions is assigned to inspect the adequacy. The Agency issues the permission based on the inspection result, which helps streamline the operation efficiently.

Tsunami evacuation facility

Park (under the girders of an

expressway)

　The Road Act (vehicle restriction) regulates limitations (standard limits) for the weight, length, width and height of vehicles. Vehicles exceeding the standard limit (special vehicles) must still meet the requirements (e.g. specified time for passing) and obtain permission (for passage of special vehicles) from the administrator to prevent any potential hazards to traffic and the road structure.　The companies are in charge of receiving applications and The Agency issues the relevant permission.

　For expressways, a traffic prohibition standard is established based on regional characteristics and the road structure. In the event of an accident or disaster, The Agency imposes a ban on traffic after receiving a traffic prohibition request from the company designated by the standard.　In the event of earthquake or inclement weather, the traffic prohibition method and request procedure are determined beforehand, which allows the proper action to be implemented when a certain point is reached. Furthermore, for areas at particular risk of secondary disaster, a stricter reference value will be set to prevent the damage expanding.

　The Honshi-Bisan Line (Chayamachi Station ‒ Utazu Station) connects Honshu and Shikoku, which comprises common-use space integrating its straight and Honshu-Shikoku Highway and the railway-use space.　The Agency manages the railway facility while entrusting the administration of railway-use space with Shikoku Railway Company and West Japan Railway Company (hereinafter each JR Company) concluding the agreement with each Company. The common-use space was properly operated by collecting toll fees with the cooperation of the Honshu-Shikoku Bridge Expressway Company.　In addition, to secure the seismic strength of the facilities, a seismic reinforcing project was steadily rolled out based on the same division of roles; targeting completion in FY 2020.

Exercise of Statutory Authority on Behalf of Road Administrators

Status of Business Execution in FY2017

　Permission for road occupancy is provided to those

with physical facility within the expressway area.

the Agency

Delivery ofpermission

Delivery ofpermission

Application Application

Application AcceptanceInvestigation, etc.

(entrustment)

Permission

Investigation, etc.

Consignment

Com

pany

Applicant

◆ En trustment of administrative affairs for occupancy

Flow of regulation and instruction against persons who violate restrictionsCorrective orders issued by

the road administratorInstruction to those who violate

the restrictions Penalty and criminal prosecution

Type of the order

Leaving from designated place

Reduction of the load

Prohibition of traffic

Enhancement of permission

requirements

Corrective action

Leave from the place, such as an interchange, designated by the road administrator.

Travel to a safe area and reduce the load by acceptable weight for running.

Travel to a safe area and stop vehicle until the permission for passage of special vehicles is issued.

To meet the requirements designated by the permission (passing time, allocation of leading vehicles, etc.).

Violation case

Violation of standard limit

Violation of administrative

orders

Passing without the permission

The penalty is imposed not only on those who passed vehicle (driver) but also on the company he/she belongs (dual punishment).

Penal provisions

A fine not more than 1 million yen

Imprisonment not more than six months or a fine not more than 300,000 yen

A fine not more than 1 million yen

Those vicious cases overweighting the standard limit more than double are immediately prosecuted

◆More than double of the standard limit・・・Total vehicle weight is more than [Standard Limit x 2] 　　　 For special vehicle with passage permission, 　　　 [Standard Limit x 2 (total weight permitted ‒ standard limit)]

○ Issue a warning letter 　　　 corresponding to a violation 　 case.

○ If a person repeats violating the　 restrictions:

-give such a person a corrective action instruction via interview-publicize his/her name or company name on the website (for a year)-revoke his/her permission

【Regulating a violation case of the Road Act】

Damage to road structure is reduced by ordering to travel to a safe area and reduce the load.

Reducing the load in accordance with the order

* As a unique effort based on the above violation information, the Agency has strengthened the penalty imposed for large/multi-frequency discount (ETC discount).

Measures

Prohibition and restriction of traffic

Permission for passage of special vehicles

Order for action against violation of the Cabinet Order on ehicle Restriction

Permission for road occupancy

V

Annual number

Annual number

Annual number

otal number of permission outstanding at theend of fiscal yearAnnual number of permissions given

T

: 3,206

: 5,797

: 5,693

: 17,524 : 3,379

Number of cases

○ Main cases of exercise of statutory authority on behalf of road administrators

Expressway useJR useCommon use

Status of Business Execution in FY2017

－ 14 － － 15 －

Comparison of Debt Repayment Plan and Performance１．Comparison of FY 2017 Debt Repayment Plan and Performance

◆ Comparison of FY 2017 Debt Repayment Plan and Performance (General Overview)

Comparison of Debt Repayment Plan and Performance

Comparison of Debt Repayment Plan and Performance

〔Agency〕 〔Unit : 100 million yen〕

TotalNational

expresswaynetwork

MetropolitanExpressway

Hanshin Expressway

(Hanshin area)

Hanshin Expressway(Kyoto area)

Independentgeneral toll

roadsOutstanding balance (start of FY 2017)

Debts excluding construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A) Debt balance (start of FY 2017)

Plan (A) Performance (B) Difference (B) - (A) Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2017)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Debt accepted from CompaniesDebts excluding construction such as specified renewal

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)Debts related to construction such as specified renewal

Plan (A) Performance (B) Difference (B) - (A)

Other debtsPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalAmount of consumption tax pertaining to obligated assumption before the repayment of debts

Plan (A)Performance (B)Difference (B) - (A)

Amount equivalent to interests before debt repayment startedPlan (A) Performance (B) Difference (B) - (A)

273,912273,471

(441)

1,6001,600

0

957957

0

55,79855,798

0

550276

(274)

550276

(274)

550276

(274)

22,08113,297(8,784)

21,51412,758(8,756)

000

567538(29)

4,057901

(3,157)

4,057901

(3,157)

4,057901

(3,157)

000

(300)(67)234

203

(17)

332,266331,825

(441)

276,468276,027

(441)

243,756243,756

0

206,825206,825

0

205,868205,868

0

000

957957

0

36,93136,931

0

141141

0

141141

0

141141

0

20,03012,087(7,942)

19,67611,733(7,943)

000

354355

1

2,690329

(2,361)

2,690329

(2,361)

2,690329

(2,361)

000

(199)(24)175

182

(16)

38,96138,705

(256)

1,5741,574

0

000

11,27411,274

0

353129

(224)

353129

(224)

353129

(224)

1,6641,047(617)

1,451863

(588)

000

213184(29)

812509

(302)

812509

(302)

812509

(302)

000

(60)(38)

22

110

51,80951,553

(256)

40,53540,279

(256)

34,98834,854

(134)

27,84827,713

(134)

27,82227,688

(134)

2626

0

000

7,1407,140

0

576

(51)

576

(51)

576

(51)

235156(78)

235156(78)

000

000

55663

(493)

55663

(493)

55663

(493)

000

(41)(5)37

100

1,6071,605

(2)

1,1551,154

(2)

1,1551,154

(2)

000

000

452452

0

- - -

- - -

- - -

81

(7)

81

(7)

000

000

- - -

- - -

- - -

- - -

- - -

- - -

10556

(49)

10556

(49)

10556

(49)

000

000

000

- - -

- - -

- - -

1445

(139)

1445

(139)

000

000

- - -

- - -

- - -

- - -

- - -

- - -

Note2 : There may be discrepancies in figure totals due to rounding of fractions.

〔Unit : 100 million yen 〕

TotalNational

expresswaynetwork

MetropolitanExpressway

Hanshin Expressway

(Hanshin area)

Hanshin Expressway(Kyoto area)

Independentgeneral toll

roadsIncome

Plan (A)Performance (B)Difference (B) - (A)Leasing fees

Plan (A) Performance (B) Difference (B) - (A)

Charges for occupation*Plan (A) Performance (B) Difference (B) - (A)

Capital*Plan (A) Performance (B) Difference (B) - (A)

ExpenditurePlan (A)Performance (B)Difference (B) - (A)Management expenses*

Plan (A) Performance (B) Difference (B) - (A)

Paid interestPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

Income / expenditure differencePlan (A)Performance (B)Difference (B) - (A)

Outstanding balance (start of FY 2018)Note1

Debts excluding construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Total unpaid amountPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

21,11722,580

1,463

20,47121,833

1,363

47169122

599578(21)

4,2394,654

415

114717603

3,5273,359(168)

599578(21)

16,87717,926

1,049

337,155326,909(10,245)

281,105270,860(10,245)

279,007268,761(10,245)

1,3151,315

0

783783

0

56,05056,050

0

4,3271,113

(3,214)

4,3271,113

(3,214)

4,3271,113

(3,214)

341,482328,023(13,459)

285,432271,973(13,459)

283,333269,874(13,459)

1,3151,315

0

783783

0

56,05056,050

0

17,26718,696

1,430

16,88618,216

1,330

34154120

347326(21)

3,0153,409

394

(17)529546

2,6852,554(131)

347326(21)

14,25215,287

1,035

249,180240,202

(8,979)

212,250203,271

(8,979)

211,466202,488

(8,979)

000

783783

0

36,93136,931

0

2,649447

(2,202)

2,649447

(2,202)

2,649447

(2,202)

251,829240,649(11,181)

214,898203,718(11,181)

214,115202,934(11,181)

000

783783

0

36,93136,931

0

2,2552,256

1

2,0282,028

0

1011

1

217217

0

736749

13

417938

478453(26)

217217

0

1,5181,507

(12)

51,95951,127

(833)

40,46839,635

(833)

39,17338,341

(833)

1,2941,294

0

000

11,49211,492

0

1,106602

(504)

1,106602

(504)

1,106602

(504)

53,06551,729(1,336)

41,57440,237(1,336)

40,27938,943(1,336)

1,2941,294

0

000

11,49211,492

0

1,5211,539

17

1,4821,499

17

440

3535

0

477475

(3)

95102

7

347337(10)

3535

0

1,0441,064

20

34,21333,981

(232)

27,03826,806

(232)

27,01726,785

(232)

2121

0

000

7,1757,175

0

57264

(508)

57264

(508)

57264

(508)

34,78534,046

(740)

27,61026,870

(740)

27,58926,849

(740)

2121

0

000

7,1757,175

0

3233

2

3233

2

000

000

1617

0

221

1514

0

000

1517

1

1,6001,590

(10)

1,1481,138

(10)

1,1481,138

(10)

000

000

452452

0

- - -

- - -

- - -

1,6001,590

(10)

1,1481,138

(10)

1,1481,138

(10)

000

000

452452

0

425614

425614

000

000

(5)5

10

(8)4

11

21

(1)

000

4852

4

20210

(192)

20210

(192)

20210

(192)

000

000

000

- - -

- - -

- - -

20210

(192)

20210

(192)

20210

(192)

000

000

000

Note1 : The outstanding balances at the beginning and end of FY 2018 include capital invested and fluctuation in infrastructure debt during the term. Note that the values for outstanding balances at the beginning of FY 2018 for national expressway network and independent general toll roads (General National Road Routes 165 and 166) are those at the end of FY 2017.

※ "Charges for occupation" refer to charges for occupation consolidation fees, etc. as defined in Article 3 of the Order for Enforcement of the Japan Expressway Holding and Debt Repayment Agency Law (Agency Enforcement Order), while “Capital” refers to capital from the national government and subsidies for disaster recovery as defined in the Article 25 of the Japan Expressway Holding and Debt Repayment Agency Law (Agency Law). "Management expenses" refers to Agency management expenses and consumption tax.

－ 14 － － 15 －

Comparison of Debt Repayment Plan and Performance１．Comparison of FY 2017 Debt Repayment Plan and Performance

◆ Comparison of FY 2017 Debt Repayment Plan and Performance (General Overview)

Comparison of Debt Repayment Plan and Performance

Comparison of Debt Repayment Plan and Performance

〔Agency〕 〔Unit : 100 million yen〕

TotalNational

expresswaynetwork

MetropolitanExpressway

Hanshin Expressway

(Hanshin area)

Hanshin Expressway(Kyoto area)

Independentgeneral toll

roadsOutstanding balance (start of FY 2017)

Debts excluding construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A) Debt balance (start of FY 2017)

Plan (A) Performance (B) Difference (B) - (A) Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2017)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Debt accepted from CompaniesDebts excluding construction such as specified renewal

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)Debts related to construction such as specified renewal

Plan (A) Performance (B) Difference (B) - (A)

Other debtsPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalAmount of consumption tax pertaining to obligated assumption before the repayment of debts

Plan (A)Performance (B)Difference (B) - (A)

Amount equivalent to interests before debt repayment startedPlan (A) Performance (B) Difference (B) - (A)

273,912273,471

(441)

1,6001,600

0

957957

0

55,79855,798

0

550276

(274)

550276

(274)

550276

(274)

22,08113,297(8,784)

21,51412,758(8,756)

000

567538(29)

4,057901

(3,157)

4,057901

(3,157)

4,057901

(3,157)

000

(300)(67)234

203

(17)

332,266331,825

(441)

276,468276,027

(441)

243,756243,756

0

206,825206,825

0

205,868205,868

0

000

957957

0

36,93136,931

0

141141

0

141141

0

141141

0

20,03012,087(7,942)

19,67611,733(7,943)

000

354355

1

2,690329

(2,361)

2,690329

(2,361)

2,690329

(2,361)

000

(199)(24)175

182

(16)

38,96138,705

(256)

1,5741,574

0

000

11,27411,274

0

353129

(224)

353129

(224)

353129

(224)

1,6641,047(617)

1,451863

(588)

000

213184(29)

812509

(302)

812509

(302)

812509

(302)

000

(60)(38)

22

110

51,80951,553

(256)

40,53540,279

(256)

34,98834,854

(134)

27,84827,713

(134)

27,82227,688

(134)

2626

0

000

7,1407,140

0

576

(51)

576

(51)

576

(51)

235156(78)

235156(78)

000

000

55663

(493)

55663

(493)

55663

(493)

000

(41)(5)37

100

1,6071,605

(2)

1,1551,154

(2)

1,1551,154

(2)

000

000

452452

0

- - -

- - -

- - -

81

(7)

81

(7)

000

000

- - -

- - -

- - -

- - -

- - -

- - -

10556

(49)

10556

(49)

10556

(49)

000

000

000

- - -

- - -

- - -

1445

(139)

1445

(139)

000

000

- - -

- - -

- - -

- - -

- - -

- - -

Note2 : There may be discrepancies in figure totals due to rounding of fractions.

〔Unit : 100 million yen 〕

TotalNational

expresswaynetwork

MetropolitanExpressway

Hanshin Expressway

(Hanshin area)

Hanshin Expressway(Kyoto area)

Independentgeneral toll

roadsIncome

Plan (A)Performance (B)Difference (B) - (A)Leasing fees

Plan (A) Performance (B) Difference (B) - (A)

Charges for occupation*Plan (A) Performance (B) Difference (B) - (A)

Capital*Plan (A) Performance (B) Difference (B) - (A)

ExpenditurePlan (A)Performance (B)Difference (B) - (A)Management expenses*

Plan (A) Performance (B) Difference (B) - (A)

Paid interestPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

Income / expenditure differencePlan (A)Performance (B)Difference (B) - (A)

Outstanding balance (start of FY 2018)Note1

Debts excluding construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

Debts related to construction such as specified renewalPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Total unpaid amountPlan (A) Performance (B) Difference (B) - (A)Debt balance (start of FY 2018)

Plan (A) Performance (B) Difference (B) - (A)Interest-bearing debt

Plan (A) Performance (B) Difference (B) - (A)

Infrastructure debtPlan (A) Performance (B) Difference (B) - (A)

Interest-free debtPlan (A) Performance (B) Difference (B) - (A)

CapitalPlan (A) Performance (B) Difference (B) - (A)

21,11722,580

1,463

20,47121,833

1,363

47169122

599578(21)

4,2394,654

415

114717603

3,5273,359(168)

599578(21)

16,87717,926

1,049

337,155326,909(10,245)

281,105270,860(10,245)

279,007268,761(10,245)

1,3151,315

0

783783

0

56,05056,050

0

4,3271,113

(3,214)

4,3271,113

(3,214)

4,3271,113

(3,214)

341,482328,023(13,459)

285,432271,973(13,459)

283,333269,874(13,459)

1,3151,315

0

783783

0

56,05056,050

0

17,26718,696

1,430

16,88618,216

1,330

34154120

347326(21)

3,0153,409

394

(17)529546

2,6852,554(131)

347326(21)

14,25215,287

1,035

249,180240,202

(8,979)

212,250203,271

(8,979)

211,466202,488

(8,979)

000

783783

0

36,93136,931

0

2,649447

(2,202)

2,649447

(2,202)

2,649447

(2,202)

251,829240,649(11,181)

214,898203,718(11,181)

214,115202,934(11,181)

000

783783

0

36,93136,931

0

2,2552,256

1

2,0282,028

0

1011

1

217217

0

736749

13

417938

478453(26)

217217

0

1,5181,507

(12)

51,95951,127

(833)

40,46839,635

(833)

39,17338,341

(833)

1,2941,294

0

000

11,49211,492

0

1,106602

(504)

1,106602

(504)

1,106602

(504)

53,06551,729(1,336)

41,57440,237(1,336)

40,27938,943(1,336)

1,2941,294

0

000

11,49211,492

0

1,5211,539

17

1,4821,499

17

440

3535

0

477475

(3)

95102

7

347337(10)

3535

0

1,0441,064

20

34,21333,981

(232)

27,03826,806

(232)

27,01726,785

(232)

2121

0

000

7,1757,175

0

57264

(508)

57264

(508)

57264

(508)

34,78534,046

(740)

27,61026,870

(740)

27,58926,849

(740)

2121

0

000

7,1757,175

0

3233

2

3233

2

000

000

1617

0

221

1514

0

000

1517

1

1,6001,590

(10)

1,1481,138

(10)

1,1481,138

(10)

000

000

452452

0

- - -

- - -

- - -

1,6001,590

(10)

1,1481,138

(10)

1,1481,138

(10)

000

000

452452

0

425614

425614

000

000

(5)5

10

(8)4

11

21

(1)

000

4852

4

20210

(192)

20210

(192)

20210

(192)

000

000

000

- - -

- - -

- - -

20210

(192)

20210

(192)

20210

(192)

000

000

000

Note1 : The outstanding balances at the beginning and end of FY 2018 include capital invested and fluctuation in infrastructure debt during the term. Note that the values for outstanding balances at the beginning of FY 2018 for national expressway network and independent general toll roads (General National Road Routes 165 and 166) are those at the end of FY 2017.

※ "Charges for occupation" refer to charges for occupation consolidation fees, etc. as defined in Article 3 of the Order for Enforcement of the Japan Expressway Holding and Debt Repayment Agency Law (Agency Enforcement Order), while “Capital” refers to capital from the national government and subsidies for disaster recovery as defined in the Article 25 of the Japan Expressway Holding and Debt Repayment Agency Law (Agency Law). "Management expenses" refers to Agency management expenses and consumption tax.

－ 16 － － 17 －

◆Specified Renewal Project　

機構発足時からの債務返済計画と実績の推移は以下のとおりです。

（１）Debts excluding construction such as specified renewal　The debt balance at the beginning of FY 2017 was 27.6027 trillion yen. Given the income/expenditure difference of 1.7926 trillion yen and the debt accepted from expressway companies of 1.2758 trillion yen in FY2017, the debt balance at the beginning of FY 2018 was 27.860 trillion yen, which was 516.7 billion yen lower than at the beginning of FY 2017 and 1.245 trillion yen less than planned.

（Debt accepted from Companies）　The debt accepted from expressway companies (accepted upon attribution of road assets and excluding interest-free debt) was 1.2758 trillion yen, 875.6 billion yen less than planned. This was due to revisions to opening and project completion plans as well as to repair projects.

（Income）　Leasing fee income from major income-producing companies increased, with the total income of 2.580 trillion yen, 146.3 billion yen higher than planned.

（Expenditure）　Due to the low interest rate on funds raised, the interest paid was lower than planned; at the same time, because the debt accepted from expressway companies was lower and lease fee income was higher than planned, total expenditure was 465.4 billion yen, higher than the planned amount by 41.5 billion yen.

（２）Debts related to construction such as specified renewal　The debt balance at the beginning of FY 2017 was 27.6 billion yen. In FY 2017, inherited debt from expressway companies amounted to 90.1 billion yen and the amount of associated consumption tax before debt repayment was minus 6.7 billion yen. Accordingly, total outstanding debt came in at 111.3 billion yen for FY 2018, which is 321.4 billion yen lower than the planned amount.

（Debt accepted from Companies）　The debt taken on from expressway companies was 90.1 billion yen, which was 315.7 billion yen lower than planned. This was due to revisions to the construction process based on factors like construction method discussions and adjusted construction implementation methods.

（３）The gross amount of debt　Based on the above, gross debt came in at 27.1973 trillion yen, which is 1.3459 trillion yen lower than the planned amount.

　The following is a comparison between planned and actual figures since the Agency was

established.

　The total outstanding obligations was 27.2 trillion yen at the beginning of FY 2018 (the

amount is as of the end of FY2017).

　The debt repayment made by the balance of accounts since establishing the Agency scored

17.6 trillion yen and the net reduction debt amount scored 8.1 trillion yen from an acceptance

commitment of 9.5 trillion yen since establishing the Agency, after considering the debt

assumption to national government of 2.9 trillion yen for convenience improvement projects (note),

the gross reduction debt amount since establishing the Agency resulted in 11.0 trillion yen.

　Specified renewal work is applied to hazardous parts prone to serious damage, such as traffic prohibitions. The work includes large-scale renewal and/or large-scale repairs.　Large-scale renewal work involves reconstructing bridges and earthen structures, whereby the entire structure is developed.　Large-scale repair involves repairing entire structures for damage, corrosion or any kind of degradation.

Conceptual diagram offloor slab replacement work

Repair constructionTemporaryoperated in

two lanes outof four lanes

Comparison of Debt Repayment Plan and Performance

* Some part of debt repayment plan has deferent calculating system than the others. Therefore when you compare with plan and performance value, you need to correct closing account value based on debt repayment plan. For example, cash, outstanding account, and outstanding unpaid account are treated differently. Also, consumption tax, and depreciation expense are treated differently for individual items.

(note) Expressway convenience improvement project is to encourage the development project such as conduction of additional function construction for smart interchange and rate cutting of expressway basing on “the Act on Special Financial Measures for Expressway Convenience Improvement Project (revised on May 2008)”

Comparison of Debt Repayment Plan and Performance

２. Transition of the Debt Repayment Plan and Performance(Since the Agency was established)

◆ Transition of the debt repayment plan and performance (outstanding obligations)

Establishment

of the Agency

October 2005

the end

of 2005

the end

of 2006

the end

of 2007

the end

of 2008

the end

of 2009

the end

of 2010

the end

of 2011

the end

of 2012

the end

of 2013

the end

of 2014

the end

of 2015

the end

of 2016

the end

of 2017

Debt acceptedfrom companies＋9.5 trillion yen

Debt repayment

－17.6 trillion yen

Net decrease in obligations

－8.1 trillion yen

Succession obligation to theNational government due tothe Project to Promote theEffective Utilization ofExpressways－2.9 trillion yen

－ 11.0 trillion yen

trillion yen

Plan

Performance

－ 16 － － 17 －

◆Specified Renewal Project　

機構発足時からの債務返済計画と実績の推移は以下のとおりです。

（１）Debts excluding construction such as specified renewal　The debt balance at the beginning of FY 2017 was 27.6027 trillion yen. Given the income/expenditure difference of 1.7926 trillion yen and the debt accepted from expressway companies of 1.2758 trillion yen in FY2017, the debt balance at the beginning of FY 2018 was 27.860 trillion yen, which was 516.7 billion yen lower than at the beginning of FY 2017 and 1.245 trillion yen less than planned.

（Debt accepted from Companies）　The debt accepted from expressway companies (accepted upon attribution of road assets and excluding interest-free debt) was 1.2758 trillion yen, 875.6 billion yen less than planned. This was due to revisions to opening and project completion plans as well as to repair projects.

（Income）　Leasing fee income from major income-producing companies increased, with the total income of 2.580 trillion yen, 146.3 billion yen higher than planned.

（Expenditure）　Due to the low interest rate on funds raised, the interest paid was lower than planned; at the same time, because the debt accepted from expressway companies was lower and lease fee income was higher than planned, total expenditure was 465.4 billion yen, higher than the planned amount by 41.5 billion yen.

（２）Debts related to construction such as specified renewal　The debt balance at the beginning of FY 2017 was 27.6 billion yen. In FY 2017, inherited debt from expressway companies amounted to 90.1 billion yen and the amount of associated consumption tax before debt repayment was minus 6.7 billion yen. Accordingly, total outstanding debt came in at 111.3 billion yen for FY 2018, which is 321.4 billion yen lower than the planned amount.

（Debt accepted from Companies）　The debt taken on from expressway companies was 90.1 billion yen, which was 315.7 billion yen lower than planned. This was due to revisions to the construction process based on factors like construction method discussions and adjusted construction implementation methods.

（３）The gross amount of debt　Based on the above, gross debt came in at 27.1973 trillion yen, which is 1.3459 trillion yen lower than the planned amount.

　The following is a comparison between planned and actual figures since the Agency was

established.

　The total outstanding obligations was 27.2 trillion yen at the beginning of FY 2018 (the

amount is as of the end of FY2017).

　The debt repayment made by the balance of accounts since establishing the Agency scored

17.6 trillion yen and the net reduction debt amount scored 8.1 trillion yen from an acceptance

commitment of 9.5 trillion yen since establishing the Agency, after considering the debt

assumption to national government of 2.9 trillion yen for convenience improvement projects (note),

the gross reduction debt amount since establishing the Agency resulted in 11.0 trillion yen.

　Specified renewal work is applied to hazardous parts prone to serious damage, such as traffic prohibitions. The work includes large-scale renewal and/or large-scale repairs.　Large-scale renewal work involves reconstructing bridges and earthen structures, whereby the entire structure is developed.　Large-scale repair involves repairing entire structures for damage, corrosion or any kind of degradation.

Conceptual diagram offloor slab replacement work

Repair constructionTemporaryoperated in

two lanes outof four lanes

Comparison of Debt Repayment Plan and Performance

* Some part of debt repayment plan has deferent calculating system than the others. Therefore when you compare with plan and performance value, you need to correct closing account value based on debt repayment plan. For example, cash, outstanding account, and outstanding unpaid account are treated differently. Also, consumption tax, and depreciation expense are treated differently for individual items.

(note) Expressway convenience improvement project is to encourage the development project such as conduction of additional function construction for smart interchange and rate cutting of expressway basing on “the Act on Special Financial Measures for Expressway Convenience Improvement Project (revised on May 2008)”

Comparison of Debt Repayment Plan and Performance

２. Transition of the Debt Repayment Plan and Performance(Since the Agency was established)

◆ Transition of the debt repayment plan and performance (outstanding obligations)

Establishment

of the Agency

October 2005

the end

of 2005

the end

of 2006

the end

of 2007

the end

of 2008

the end

of 2009

the end

of 2010

the end

of 2011

the end

of 2012

the end

of 2013

the end

of 2014

the end

of 2015

the end

of 2016

the end

of 2017

Debt acceptedfrom companies＋9.5 trillion yen

Debt repayment

－17.6 trillion yen

Net decrease in obligations

－8.1 trillion yen

Succession obligation to theNational government due tothe Project to Promote theEffective Utilization ofExpressways－2.9 trillion yen

－ 11.0 trillion yen

trillion yen

Plan

Performance

－ 18 － － 19 －

Overview

of FY 2017 Financial Statements

Overview of FY 2017 Financial Statements１．Profit and Loss Statement

Account items

Ordinary expenditures

　Expressway asset leasing expenses

　Managerial effort support　 activity expenses

　Railway facility utilization expenses

　General administrative expenses

　 　 Personal expenses

　 　 O t h e r e x p e n s e s

　　Financial expenses Expressway asset acquisition-related　expenses

　Sundry losses

Ordinary income

　Expressway asset leasing income

　Railway facility utilization income

　Other income

　Refunds of asset collateral debts

　　 Reduction of debts as contra to 　 railway facility construction

　Financial income

　Sundry income

Ordinary profit

Non-recurring losses

Non-recurring profit

Net income

Reversal of carried-over provision fromprevious mid-term target period

Gross Profit

Depreciation expenses, fixed asset disposal expenses, andtaxes and dues etc. related to leased expressway assets

Subsidy expenses for managerial efforts to encourage reduction of expressway construction costs

Depreciation expenses, taxes and dues, and expenses for outsourcing payment management related to railway facilities

Expenses required for procuring and repaying funds and interest

Lease fee income related to Expressway assets

Usage fee income related to railway facilitiesEarnings such as occupation fee income, and SA/PA coupling fee income

Interest received

Return of reserves for “Project to Promote the EffectiveUtilization of Expressways”

Loss from the sale of fixed assets

Account item details

Among personnel expenses, other expenses, and interest incurredby expressway companies during the construction of expressways, the amount that is attributable to the Agency at the time of the transfer of assets

Collateral debts equivalent to depreciation on collateralized highways that were withdrawn and accounted as incomeCollateral debts for railway facility construction equivalent to the depreciation on those facilities that were withdrawnand accounted as income

Note : There may be discrepancies in total amounts because unit fractions have been disregarded.

〔Unit : 100 million yen〕

２．Balance Sheet

〔Unit : 100 million yen〕

Note : There may be discrepancies in total amounts because unit fractions have been disregarded.

Account items

Assets

Ⅰ Current assets　 Cash and deposits

　　　Accrued revenue includingexpressway asset leasing

　 Other

Ⅱ Fixed assets　 　Tangible fixed assets　 　Intangible fixed assets　　Investments and other assets

Long-term loans Deposit Other

Total assets

Ⅰ Current debtsAgency bonds redeemable within 1 yearLong-term debt payable within 1 year　 OtherⅡ Fixed debts

Agency bonds 　 Long-term debts　 Long-term accrued expenses

　 Other

Ⅲ Reserves, etc., required by lawReserves for the Project to Promotethe Effective Utilization of Expressways

Reserve for railway facilities management

Total debtsBook value of interest-bearing debt at the end of fiscal year

Equity

Ⅰ CapitalⅡ Capital surplusⅢ Retained earnings

Total shareholders’ equity

Total debts and shareholders’ equity

　Accounts receivable related to expressway assets and charges for occupationAmounts receivable, short-term loans, inventory goods, and deposits

Buildings, structures and equipment, land, and construction suspense accounts related to expressway assets and railway facilitiesLeaseholds and utility rights

Non-interest bearing loans provided from the national and/or local governments

Bond redeemable within a yearDebt repayable within a yearAccounts payable, expenses payable, and amounts deposited

Bonds with a redemption period exceeding one yearDebt with a payment period exceeding one yearOutstanding balance on installment payment debt for the Tokyo Wan Aqua-LineAsset collateral debts and debts collateralized by the constructionof railway facilities

Reserve for optimizing the Agency’s periodical accounting of profit and loss, toward the implementation of the Project to Promote the Effective Utilization of ExpresswaysReserve for equalizing railway facility usage fees collected fromrailway service operations in regard to the management fee fora railway facility ( Seto Ohashi Bridge ).

Account item details

Debts

Funds contributed by national and local governments

(A)FY 2017

(B)

14,199

9,957

4

86

13

(9)

(3)

3,725

402

9

19,880

19,566

7

153

73

79

0

0

5,680

17

277

5,940

0

5,941

14,028

10,042

1

86

14

(9)

(4)

3,360

518

4

20,597

20,215

7

221

73

79

0

0

6,569

0

267

6,836

0

6,837

(171)

84

(2)

(0)

0

(0)

1

(364)

115

(5)

717

649

(0)

68

(0)

(0)

0

0

888

(16)

(9)

895

0

895

5,0151,589

3,081

344

400,779397,291

2,701786786

0－

405,794

36,16632,152

1,8362,177

247,852229,169

10,7904,7313,160

6,372

6,290

81290,391276,135

56,1248,421

50,857

115,403

405,794

5,3671,359

3,559

448

403,641399,970

2,711960959

00

409,008

36,17531,629

2,7111,834

244,235221,680

14,4094,7093,436

6,110

6,035

75286,522273,059

56,3768,416

57,694

122,486

409,008

351(229)

477

104

2,8622,678

9173173

－0

3,214

9(523)

875(342)

(3,617)(7,489)

3,619(22)275

(261)

(255)

(5)(3,869)(3,076)

252(5)

6,836

7,083

3,214

Income from expressway asset lease fees was 2.0215 trillion yen.Financial expenses amounted to 336.0 billion yen, a decrease of 36.4 billion yen over the previous

fiscal year.

FY2016 Difference(B)-(A)

Difference(B)-(A)

▶ Ordinary expenditures

▶ Ordinary income

▶ Ordinary profit or loss

▶ Non-recurring losses

▶ Non-recurring profit

▶ Gross profit

The interest bearing debt balance at the end of FY 2017 was 27.3059 trillion yen, a decrease of 307.6 billion yen from the previous fiscal year.

▶ Assets

▶ Debt

▶Total equity

End ofFY 2016

(A)

End ofFY 2017

(B)

Overview

of FY 2017 Financial Statements

Equivalent to depreciation of fixed assets acquired through self-acquisition during the previous mid-term target period

Long-term prepaid expenses

The total amount for ordinary expenditures was 1.4028 trillion yen.The majority of this figure was comprised of (1) expressway asset leasing expenses of 1.0042 trillion yen, which is mainly depreciation expenses on expressway assets, and (2) financial expenses of 336.0 billion yen, which is interest paid on debentures and debts, amounting to 1.3402 trillion yen, approximately 95% of total ordinary expenditures.

The total amount of ordinary income was 2.0597 trillion yen, most of which was comprised of expressway asset leasing income of 2.0215 trillion yen and amounts to approximately 98% of total ordinary income. This expressway asset leasing income corresponds to the amount projected in the agreements with expressway companies (1.8954 trillion yen) plus the amount subject to the variable lease fee system (126.1 billion yen).

As a result, we posted an ordinary profit of 656.9 billion yen.

Non-recurring losses amounted to 50 million yen, which was essentially the 50 million yen in losses from the sale of land and other fixed assets.

Non-recurring profit amounted to 26.7 billion yen, most of which was comprised of a return of 25.5 billion yen from the disposal of reserves for the Project to Promote the Effective Utilization of Expressways against planned leasing fee income under the project.

Gross profit amounted to 683.7 billion yen, which was an aggregate total of 656.9 billion yen in ordinary income, 50 million yen in nonrecurring losses, 26.7 billion yen in nonrecurring profit, and 60 million yen in reversal of carried-over provisions from the previous mid-term target period.

Total amount of assets was 40.9008 trillion yen, mostly comprised of road assets, railway facilities, and other tangible fixed assets totaling 39.9970 trillion yen (approximately 97% of the total).Assets increased by 321.4 billion yen over the previous fiscal year. The main reasons for this were an increase of 267.8 billion yen in tangible assets (includes ① a decrease of 958.0 billion yen due to depreciation and ② an increase of 1.2489 trillion yen in assets transferred from expressway companies) as well as an increase of 47.7 billion yen in accrued revenue including expressway asset leasing (accounts receivable due to the variable lease fee system).

Total debts were 28.6522 trillion yen, and were mostly comprised of Agency bonds worth 25.3309 trillion yen (including those redeemable within one year), and long-term debts of 1.7121 trillion yen (including those payable within one year), adding up to 27.0431 trillion yen, which is approximately 94% of the total.Debts decreased by 386.9 billion yen over the previous fiscal year, mainly owing to (1) a decrease of 3.3998 trillion yen due to the redemption of Agency bonds and repayment of long-term loans, (2) a decrease of 25.5 billion yen due to the reversal of reserves under the Project to Promote Effective Utilization of Expressways, (3) an increase of 1.6690 trillion yen arising from issuance of new Agency bonds, and (4) an increase of 371.9 billion yen from the acceptance of debts from expressway companies.

The total amount of equity was 12.2486 trillion yen.This marks an increase of 708.3 billion yen over the previous fiscal year, and the key factors were (1) were an increase of 25.2 billion yen in capital from subsidies granted by the national government and local public entities, (2) a reduction of 600 million yen in capital reserves due to depreciation and offloading of designated assets (railway facilities) under Article 87 of the Accounting Standards for Incorporated Administrative Agencies, and (3) and increase of 683.6 billion yen in retained earnings via the accumulation of gross income.Note that retained earnings, the accumulation of net income of each business year, and the cumulative total of depreciation are the resources for debt repayment. Retained earnings will therefore increase as the amount of debt repayment increases. This is shown on the Balance Sheet as though the expressway assets owed by debts are owed by retained earnings (capital) instead.

－ 18 － － 19 －

Overview

of FY 2017 Financial Statements

Overview of FY 2017 Financial Statements１．Profit and Loss Statement

Account items

Ordinary expenditures

　Expressway asset leasing expenses

　Managerial effort support　 activity expenses

　Railway facility utilization expenses

　General administrative expenses

　 　 Personal expenses

　 　 O t h e r e x p e n s e s

　　Financial expenses Expressway asset acquisition-related　expenses

　Sundry losses

Ordinary income

　Expressway asset leasing income

　Railway facility utilization income

　Other income

　Refunds of asset collateral debts

　　 Reduction of debts as contra to 　 railway facility construction

　Financial income

　Sundry income

Ordinary profit

Non-recurring losses

Non-recurring profit

Net income

Reversal of carried-over provision fromprevious mid-term target period

Gross Profit

Depreciation expenses, fixed asset disposal expenses, andtaxes and dues etc. related to leased expressway assets

Subsidy expenses for managerial efforts to encourage reduction of expressway construction costs

Depreciation expenses, taxes and dues, and expenses for outsourcing payment management related to railway facilities

Expenses required for procuring and repaying funds and interest

Lease fee income related to Expressway assets

Usage fee income related to railway facilitiesEarnings such as occupation fee income, and SA/PA coupling fee income

Interest received

Return of reserves for “Project to Promote the EffectiveUtilization of Expressways”

Loss from the sale of fixed assets

Account item details

Among personnel expenses, other expenses, and interest incurredby expressway companies during the construction of expressways, the amount that is attributable to the Agency at the time of the transfer of assets

Collateral debts equivalent to depreciation on collateralized highways that were withdrawn and accounted as incomeCollateral debts for railway facility construction equivalent to the depreciation on those facilities that were withdrawnand accounted as income

Note : There may be discrepancies in total amounts because unit fractions have been disregarded.

〔Unit : 100 million yen〕

２．Balance Sheet

〔Unit : 100 million yen〕

Note : There may be discrepancies in total amounts because unit fractions have been disregarded.

Account items

Assets

Ⅰ Current assets　 Cash and deposits

　　　Accrued revenue includingexpressway asset leasing

　 Other

Ⅱ Fixed assets　 　Tangible fixed assets　 　Intangible fixed assets　　Investments and other assets

Long-term loans Deposit Other

Total assets

Ⅰ Current debtsAgency bonds redeemable within 1 yearLong-term debt payable within 1 year　 OtherⅡ Fixed debts

Agency bonds 　 Long-term debts　 Long-term accrued expenses

　 Other

Ⅲ Reserves, etc., required by lawReserves for the Project to Promotethe Effective Utilization of Expressways

Reserve for railway facilities management

Total debtsBook value of interest-bearing debt at the end of fiscal year

Equity

Ⅰ CapitalⅡ Capital surplusⅢ Retained earnings

Total shareholders’ equity

Total debts and shareholders’ equity

　Accounts receivable related to expressway assets and charges for occupationAmounts receivable, short-term loans, inventory goods, and deposits

Buildings, structures and equipment, land, and construction suspense accounts related to expressway assets and railway facilitiesLeaseholds and utility rights

Non-interest bearing loans provided from the national and/or local governments

Bond redeemable within a yearDebt repayable within a yearAccounts payable, expenses payable, and amounts deposited

Bonds with a redemption period exceeding one yearDebt with a payment period exceeding one yearOutstanding balance on installment payment debt for the Tokyo Wan Aqua-LineAsset collateral debts and debts collateralized by the constructionof railway facilities

Reserve for optimizing the Agency’s periodical accounting of profit and loss, toward the implementation of the Project to Promote the Effective Utilization of ExpresswaysReserve for equalizing railway facility usage fees collected fromrailway service operations in regard to the management fee fora railway facility ( Seto Ohashi Bridge ).

Account item details

Debts

Funds contributed by national and local governments

(A)FY 2017

(B)

14,199

9,957

4

86

13

(9)

(3)

3,725

402

9

19,880

19,566

7

153

73

79

0

0

5,680

17

277

5,940

0

5,941

14,028

10,042

1

86

14

(9)

(4)

3,360

518

4

20,597

20,215

7

221

73

79

0

0

6,569

0

267

6,836

0

6,837

(171)

84

(2)

(0)

0

(0)

1

(364)

115

(5)

717

649

(0)

68

(0)

(0)

0

0

888

(16)

(9)

895

0

895

5,0151,589

3,081

344

400,779397,291

2,701786786

0－

405,794

36,16632,152

1,8362,177

247,852229,169

10,7904,7313,160

6,372

6,290

81290,391276,135

56,1248,421

50,857

115,403

405,794

5,3671,359

3,559

448

403,641399,970

2,711960959

00

409,008

36,17531,629

2,7111,834

244,235221,680

14,4094,7093,436

6,110

6,035

75286,522273,059

56,3768,416

57,694

122,486

409,008

351(229)

477

104

2,8622,678

9173173

－0

3,214

9(523)

875(342)

(3,617)(7,489)

3,619(22)275

(261)

(255)

(5)(3,869)(3,076)

252(5)

6,836

7,083

3,214

Income from expressway asset lease fees was 2.0215 trillion yen.Financial expenses amounted to 336.0 billion yen, a decrease of 36.4 billion yen over the previous

fiscal year.

FY2016 Difference(B)-(A)

Difference(B)-(A)

▶ Ordinary expenditures

▶ Ordinary income

▶ Ordinary profit or loss

▶ Non-recurring losses

▶ Non-recurring profit

▶ Gross profit

The interest bearing debt balance at the end of FY 2017 was 27.3059 trillion yen, a decrease of 307.6 billion yen from the previous fiscal year.

▶ Assets

▶ Debt

▶Total equity

End ofFY 2016

(A)

End ofFY 2017

(B)

Overview

of FY 2017 Financial Statements

Equivalent to depreciation of fixed assets acquired through self-acquisition during the previous mid-term target period

Long-term prepaid expenses

The total amount for ordinary expenditures was 1.4028 trillion yen.The majority of this figure was comprised of (1) expressway asset leasing expenses of 1.0042 trillion yen, which is mainly depreciation expenses on expressway assets, and (2) financial expenses of 336.0 billion yen, which is interest paid on debentures and debts, amounting to 1.3402 trillion yen, approximately 95% of total ordinary expenditures.

The total amount of ordinary income was 2.0597 trillion yen, most of which was comprised of expressway asset leasing income of 2.0215 trillion yen and amounts to approximately 98% of total ordinary income. This expressway asset leasing income corresponds to the amount projected in the agreements with expressway companies (1.8954 trillion yen) plus the amount subject to the variable lease fee system (126.1 billion yen).

As a result, we posted an ordinary profit of 656.9 billion yen.

Non-recurring losses amounted to 50 million yen, which was essentially the 50 million yen in losses from the sale of land and other fixed assets.

Non-recurring profit amounted to 26.7 billion yen, most of which was comprised of a return of 25.5 billion yen from the disposal of reserves for the Project to Promote the Effective Utilization of Expressways against planned leasing fee income under the project.

Gross profit amounted to 683.7 billion yen, which was an aggregate total of 656.9 billion yen in ordinary income, 50 million yen in nonrecurring losses, 26.7 billion yen in nonrecurring profit, and 60 million yen in reversal of carried-over provisions from the previous mid-term target period.

Total amount of assets was 40.9008 trillion yen, mostly comprised of road assets, railway facilities, and other tangible fixed assets totaling 39.9970 trillion yen (approximately 97% of the total).Assets increased by 321.4 billion yen over the previous fiscal year. The main reasons for this were an increase of 267.8 billion yen in tangible assets (includes ① a decrease of 958.0 billion yen due to depreciation and ② an increase of 1.2489 trillion yen in assets transferred from expressway companies) as well as an increase of 47.7 billion yen in accrued revenue including expressway asset leasing (accounts receivable due to the variable lease fee system).

Total debts were 28.6522 trillion yen, and were mostly comprised of Agency bonds worth 25.3309 trillion yen (including those redeemable within one year), and long-term debts of 1.7121 trillion yen (including those payable within one year), adding up to 27.0431 trillion yen, which is approximately 94% of the total.Debts decreased by 386.9 billion yen over the previous fiscal year, mainly owing to (1) a decrease of 3.3998 trillion yen due to the redemption of Agency bonds and repayment of long-term loans, (2) a decrease of 25.5 billion yen due to the reversal of reserves under the Project to Promote Effective Utilization of Expressways, (3) an increase of 1.6690 trillion yen arising from issuance of new Agency bonds, and (4) an increase of 371.9 billion yen from the acceptance of debts from expressway companies.

The total amount of equity was 12.2486 trillion yen.This marks an increase of 708.3 billion yen over the previous fiscal year, and the key factors were (1) were an increase of 25.2 billion yen in capital from subsidies granted by the national government and local public entities, (2) a reduction of 600 million yen in capital reserves due to depreciation and offloading of designated assets (railway facilities) under Article 87 of the Accounting Standards for Incorporated Administrative Agencies, and (3) and increase of 683.6 billion yen in retained earnings via the accumulation of gross income.Note that retained earnings, the accumulation of net income of each business year, and the cumulative total of depreciation are the resources for debt repayment. Retained earnings will therefore increase as the amount of debt repayment increases. This is shown on the Balance Sheet as though the expressway assets owed by debts are owed by retained earnings (capital) instead.

－ 20 － － 21 －

◆Outcome Indicators of Plan and Performance

※1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　　　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range operational　　plans, for example.※6：Calculated by multiplying hours of closure for both tracks by the distance to get total yearly hours-distance. This figure was then divided by the 　　length of routes in service.※7：Annual figures from January 1 to December 31

　The Agency collaborates with Companies to establish a common objective indicator between companies (Outcome indicator: comprehensive customer satisfaction, fatal and injury accident ratio and etc.) for users and customers to view the management status of each of the companies; thereby boosting safety and convenience for the expressways operated by each company.

※1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range operational 　　plans, for example.※2：For the Metropolitan Expressway Co., Ltd. and Hanshin Expressway Co., Ltd., vehicles were only counted once even if they went through the tollgate 　　multiple times.※3：Values for East Nippon, Central Nippon and West Nippon are annual figures from the period from January 1 to December 31.※4：Metropolitan and Hanshin figures calculated by multiplying time lost due to mainline traffic congestion by the congestion ratio resulting from road 　　construction, and then multiplying that figure by the total congestion volume (length multiplied by hours).※5：Times shown as “excluding intensive construction” are calculated excluding the time for road construction publicized ahead of the project so that 　　the customers could avoid going into construction areas or adjust their travel times or schedules.

Present Condition of Expressways

Present Condition of Expressways

Present Condition of Expressways

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Targets

3.5

3.6

3.6

3.6

1,045

1,054

1,072

1,086

604

651

593

555

3

1

0

3

5

6

0

1

14

23

23

23

90

111

99

99

90

111

3.6

3.6

3.6

3.6

706

710

710

715

1,040

1,242

1,222

1,091

3

2

1

4

6

7

3

6

173

207

207

207

86

99

99

102

79

92

3.5

3.6

3.6

3.6

997

1,011

1,011

1,004

554

638

573

516

0

0

1

4

0

0

0

0

104

97

88

88

105

126

112

112

83

122

4.1

4.1

4.1

4.1

42

43

43

44

4

4

4

4

-

-

-

-

-

-

-

-

2

1

1

1

123

126

126

126

123

126

3.4

3.6

3.5

3.5

359

365

373

394

2,300

2,560

1,550

1,400

0

0

1

2

4

4

0

2

147

152

132

132

211

215

220

220

210

212

3.6

3.6

3.7

3.7

275

276

280

290

1,001

969

963

910

0

0

1

2

1

1

0

0

21

39

21

25

144

153

144

145

138

144

New conduction points

Conducted points

Excluding intensive construction※5

Traffic restriction time

Completed points【Cumulative value after FY 2015】

（FY 2021）

（FY 2021）

（FY 2021）

（Cumulative values FY2018‒FY2021）

（Average values FY2018‒FY2021）

（Average values FY2018‒FY2021）

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan HanshinIndicator definitions

（Cumulative values FY2018‒FY2021）

（FY 2021）

（Average values FY2018‒FY2021）

（FY 2021）

（Average values FY2018‒FY2021）

（Cumulative values FY2018‒FY2021）

29

5

6

18

53

16

6

31

48

48

11.6

15.7

19.1

29.4

108

241

246

1,071

7

10

10

40

4.7

4.5

4.5

4.5

1,495

1,585

1,530

1,530

13,535

12,960

2,199

2,311

3

1

15

2

2

11

26

13

3

10

26

26

12.9

16.6

19.4

28.1

33

80

81

330

9

14

12

48

6.8

6.4

5.7

4.7

1,062

982

1,015

1,015

18,505

17,084

2,222

1,822

11

2

53

22

2

29

57

19

2

36

56

56

11.7

14.3

17.0

25.0

268

208

210

356

7

9

9

27

6.9

6.6

6.8

6.8

1,469

1,522

1,650

1,740

7,928

8,224

1,075

896

1

2

4

2

2

0

10

9

1

0

10

14

13.8

16.4

18.4

24.4

-

-

-

-

1

1

1

1

4.7

4.0

5.5

5.2

168

154

150

150

1,689

1,514

158

60

0

0

4

0

1

3

30

28

1

1

6

6

15.0

20.4

23.6

33.2

0

0

0

0

0

0

0

0

12.1

10.9

11.5

10.0

662

625

800

900

1,071

1,283

280

316

1

0

10

0

1

9

3

2

0

1

10

15

12.0

15.8

20.0

30.0

71

148

180

720

3

2

2

8

20.8

20.7

20.5

20.0

2,784

2,797

2,800

2,800

1,111

683

500

286

0

0

FY 2016 Results

Disaster/weather

Accident and the others

Construction

FY 2017 Results

Disaster/weather

Accident and the others

Construction　　　　　　　　　　　　　　　　　　　　　　　　　　

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan HanshinIndicator definitions

■Degree of overall 　　　customer satisfaction

［[Unit : Points]］Degree of satisfaction indication by results of CS surveys, etc. (5-level evaluation)

■Yearly number of users by 　　vehicles［Unit :10,000 vehicles hours per year］Number of vehicles which passed the tollgates.※2

■Roadwork

■Mainline traffic congestion

□Time lost due to　　　congestion

［Unit : Hours per km year］Loss of time per year of highway users due to traffic congestion.※3

□Points where traffic 　　counterplan were 　conducted

［Unit：Points］Points where traffic counterplan were conducted

□Congestion loss time 　occurred by construction[unit：10,000 vehicles ・per hour]Annual loss of time of highway users caused by congestion due to road construction※4

□Traffic restriction time［Unit : Cases per 100 million vehicles km］Time per year of traffic restrictions due to roadworks per kilometer of road.

Use

rs’ P

ersp

ectiv

e

■Hours of closure［Unit : Hours］

Yearly number of hours of closure due to rain, snow, accidents, constructions, etc.※6

■Utilization rate of ETC２.０［Unit：％］

Percentage of ETC2.0 users to the total number of vehicles passed(total number of tolled vehicles)

■Scheme discount

□Numbers of sales［Unit：1000 cases]

Number of enforcements of scheme discount sold with the aim for regional development and tourism promotion

□Enforcement rate［Unit: cases］

Number of enforcements of scheme discount cases aiming for regional development and tourism promotion

■Rate of fatal and injurious　 accidents

［Unit :Cases per 100 million vehicles km］Number of cases of death or injury per 100 million vehicles per kilometer※7

■Control of offending vehicles 　for vehicle it regulation

□Rate of controls 　implemented

［Unit: Times］Number of control of offending vehicles for vehicle limit regulation implemented on expressways

□Number of pull-overs［Unit: Vehicles］

Number of pull-overs during the crackdown for vehicle restriction violations□ Rate of Administrative Order

［Unit: Cases］Number of administrative orders implemented□Rate of immediate prosecution

［Unit: Cases］Number of immediate prosecution conducted

Use

rs’ P

ersp

ectiv

eT r

affic

Safe

ty

－ 20 － － 21 －

◆Outcome Indicators of Plan and Performance

※1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　　　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range operational　　plans, for example.※6：Calculated by multiplying hours of closure for both tracks by the distance to get total yearly hours-distance. This figure was then divided by the 　　length of routes in service.※7：Annual figures from January 1 to December 31

　The Agency collaborates with Companies to establish a common objective indicator between companies (Outcome indicator: comprehensive customer satisfaction, fatal and injury accident ratio and etc.) for users and customers to view the management status of each of the companies; thereby boosting safety and convenience for the expressways operated by each company.

※1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range operational 　　plans, for example.※2：For the Metropolitan Expressway Co., Ltd. and Hanshin Expressway Co., Ltd., vehicles were only counted once even if they went through the tollgate 　　multiple times.※3：Values for East Nippon, Central Nippon and West Nippon are annual figures from the period from January 1 to December 31.※4：Metropolitan and Hanshin figures calculated by multiplying time lost due to mainline traffic congestion by the congestion ratio resulting from road 　　construction, and then multiplying that figure by the total congestion volume (length multiplied by hours).※5：Times shown as “excluding intensive construction” are calculated excluding the time for road construction publicized ahead of the project so that 　　the customers could avoid going into construction areas or adjust their travel times or schedules.

Present Condition of Expressways

Present Condition of Expressways

Present Condition of Expressways

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 ResultsFY 2017 Targets

3.5

3.6

3.6

3.6

1,045

1,054

1,072

1,086

604

651

593

555

3

1

0

3

5

6

0

1

14

23

23

23

90

111

99

99

90

111

3.6

3.6

3.6

3.6

706

710

710

715

1,040

1,242

1,222

1,091

3

2

1

4

6

7

3

6

173

207

207

207

86

99

99

102

79

92

3.5

3.6

3.6

3.6

997

1,011

1,011

1,004

554

638

573

516

0

0

1

4

0

0

0

0

104

97

88

88

105

126

112

112

83

122

4.1

4.1

4.1

4.1

42

43

43

44

4

4

4

4

-

-

-

-

-

-

-

-

2

1

1

1

123

126

126

126

123

126

3.4

3.6

3.5

3.5

359

365

373

394

2,300

2,560

1,550

1,400

0

0

1

2

4

4

0

2

147

152

132

132

211

215

220

220

210

212

3.6

3.6

3.7

3.7

275

276

280

290

1,001

969

963

910

0

0

1

2

1

1

0

0

21

39

21

25

144

153

144

145

138

144

New conduction points

Conducted points

Excluding intensive construction※5

Traffic restriction time

Completed points【Cumulative value after FY 2015】

（FY 2021）

（FY 2021）

（FY 2021）

（Cumulative values FY2018‒FY2021）

（Average values FY2018‒FY2021）

（Average values FY2018‒FY2021）

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan HanshinIndicator definitions

（Cumulative values FY2018‒FY2021）

（FY 2021）

（Average values FY2018‒FY2021）

（FY 2021）

（Average values FY2018‒FY2021）

（Cumulative values FY2018‒FY2021）

29

5

6

18

53

16

6

31

48

48

11.6

15.7

19.1

29.4

108

241

246

1,071

7

10

10

40

4.7

4.5

4.5

4.5

1,495

1,585

1,530

1,530

13,535

12,960

2,199

2,311

3

1

15

2

2

11

26

13

3

10

26

26

12.9

16.6

19.4

28.1

33

80

81

330

9

14

12

48

6.8

6.4

5.7

4.7

1,062

982

1,015

1,015

18,505

17,084

2,222

1,822

11

2

53

22

2

29

57

19

2

36

56

56

11.7

14.3

17.0

25.0

268

208

210

356

7

9

9

27

6.9

6.6

6.8

6.8

1,469

1,522

1,650

1,740

7,928

8,224

1,075

896

1

2

4

2

2

0

10

9

1

0

10

14

13.8

16.4

18.4

24.4

-

-

-

-

1

1

1

1

4.7

4.0

5.5

5.2

168

154

150

150

1,689

1,514

158

60

0

0

4

0

1

3

30

28

1

1

6

6

15.0

20.4

23.6

33.2

0

0

0

0

0

0

0

0

12.1

10.9

11.5

10.0

662

625

800

900

1,071

1,283

280

316

1

0

10

0

1

9

3

2

0

1

10

15

12.0

15.8

20.0

30.0

71

148

180

720

3

2

2

8

20.8

20.7

20.5

20.0

2,784

2,797

2,800

2,800

1,111

683

500

286

0

0

FY 2016 Results

Disaster/weather

Accident and the others

Construction

FY 2017 Results

Disaster/weather

Accident and the others

Construction　　　　　　　　　　　　　　　　　　　　　　　　　　

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan HanshinIndicator definitions

■Degree of overall 　　　customer satisfaction

［[Unit : Points]］Degree of satisfaction indication by results of CS surveys, etc. (5-level evaluation)

■Yearly number of users by 　　vehicles［Unit :10,000 vehicles hours per year］Number of vehicles which passed the tollgates.※2

■Roadwork

■Mainline traffic congestion

□Time lost due to　　　congestion

［Unit : Hours per km year］Loss of time per year of highway users due to traffic congestion.※3

□Points where traffic 　　counterplan were 　conducted

［Unit：Points］Points where traffic counterplan were conducted

□Congestion loss time 　occurred by construction[unit：10,000 vehicles ・per hour]Annual loss of time of highway users caused by congestion due to road construction※4

□Traffic restriction time［Unit : Cases per 100 million vehicles km］Time per year of traffic restrictions due to roadworks per kilometer of road.

Use

rs’ P

ersp

ectiv

e

■Hours of closure［Unit : Hours］

Yearly number of hours of closure due to rain, snow, accidents, constructions, etc.※6

■Utilization rate of ETC２.０［Unit：％］

Percentage of ETC2.0 users to the total number of vehicles passed(total number of tolled vehicles)

■Scheme discount

□Numbers of sales［Unit：1000 cases]

Number of enforcements of scheme discount sold with the aim for regional development and tourism promotion

□Enforcement rate［Unit: cases］

Number of enforcements of scheme discount cases aiming for regional development and tourism promotion

■Rate of fatal and injurious　 accidents

［Unit :Cases per 100 million vehicles km］Number of cases of death or injury per 100 million vehicles per kilometer※7

■Control of offending vehicles 　for vehicle it regulation

□Rate of controls 　implemented

［Unit: Times］Number of control of offending vehicles for vehicle limit regulation implemented on expressways

□Number of pull-overs［Unit: Vehicles］

Number of pull-overs during the crackdown for vehicle restriction violations□ Rate of Administrative Order

［Unit: Cases］Number of administrative orders implemented□Rate of immediate prosecution

［Unit: Cases］Number of immediate prosecution conducted

Use

rs’ P

ersp

ectiv

eT r

affic

Safe

ty

－ 22 － － 23 －

◆Outcome Indicators of Plan and Performance

※ 1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　 　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range 　 　operational plans, for example.※ 7：Annual figures from January 1 to December 31※ 8：The number of areas is calculated separately for each direction of travel.※ 9：There are 12 areas straddling the West Nippon Expressway Co., Ltd. and Honshu-Shikoku Bridge Expressway Co., Ltd. across an area of over 100 km.※ 1 0：The inspection rate from FY 2014 to present against the number of administrative facilities (as of December 31, 2014).※ 1 1：The “span” refers to the distance between two points on the viaduct and/or bridge (bridge pier or abutment).

※ 1 0：The inspection rate from FY 2014 to present against the number of administrative facilities (as of December 31, 2014).※ 1 1：The “span” refers to the distance between two points on the viaduct and/or bridge (bridge pier or abutment).※ 1 2：Bridge, tunnel, and other road infrastructure diagnostics are based on comprehensive soundness evaluations carried out for each facility under 　 　　the public notice regarding soundness categories for tunnels and other infrastructure (Ministry of Land, Infrastructure, Transport and Tourism 　 　　Notice 426 of 2014) issued in July 2014.※ 1 3：Percentage of repair works (including design) started or finished.※ 1 4：Percentage of bridges for which prompt seismic reinforcement measures that enable functional recovery and will reduce damage even in an 　 　　event equivalent to the Great Hanshin Earthquake were taken.※ 1 5：The mid-range target year is FY 2021, when all seismic reinforcement works will be completed in all priority areas※16. The target completion year 　 　　for all seismic works nationwide is FY 2026. ※ 1 6：Areas with at least a 26% of probability of being hit by an earthquake measuring at least 6+ on the shindo scale (such as a Tokyo Inland Earthquake 　 　　or Nankai Trough Earthquake) in the next 30 years as indicated in the National Seismic Hazard Maps issued by the Headquarters for Earthquake 　 　　Research Promotion.

Present Condition of Expressways

Present Condition of Expressways

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

5

9

3

0

76

59

55

50

934

1,039

850

770

7

（0）

6

（0）

0

（0）

0

（0）

36

（0）

34

（0）

97

96

96

96

52

77

100

100

-

-

-

-

9

6

4

0

33

32

26

17

833

888

888

809

4

（4）

0

（0）

-

-

-

-

8

（4）

4

（0）

97

96

95

95

52

79

100

100

-

-

-

-

21

16

10

0

91

74

70

55

1,028

1,014

780

660

4

（4）

0

（0）

0

（0）

0

（0）

33

（16）

14

（12）

97

98

98

98

64

83

100

100

-

-

-

-

4

0

2

0

5

7

3

0

101

105

100

97

-

-

-

-

-

-

-

-

12

（12）

12

（12）

95

95

95

95

67

83

100

100

-

-

-

-

2

0

1

0

5

4

3

1

492

456

425

380

-

-

-

-

-

-

-

-

-

-

-

-

97

97

97

97

50

76

100

100

68

88

100

100

4

1

1

0

11

6

5

2

317

331

310

300

-

-

-

-

-

-

-

-

-

-

-

-

97

97

97

97

66

83

100

100

73

92

100

100

（FY 2021）

（FY 2020）

（FY 2018）

（FY 2021）

（Average values FY2018‒FY2021）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（FY 2018）

（FY 2018）

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※15

24

（154）

156

（332）

233

（491）

-

-

-

-

-

-

62

84

100

100

7

（92）

88

（129）

130

（178）

72

85

100

100

20

（76）

74

（101）

81

（120）

79

79

80

86

32

（232）

116

（383）

109

（256）

-

-

-

-

-

-

57

84

100

100

10

（40）

33

（57）

49

（80）

59

79

100

100

7

（26）

18

（47）

27

（64）

88

88

89

98

109

（256）

114

（381）

169

（655）

-

-

-

-

-

-

72

83

100

100

167

（239）

256

（310）

282

（354）

66

83

100

100

79

（116）

110

（128）

123

（153）

59

59

60

73

2

（2）

6

（6）

8

（8）

-

-

-

-

-

-

59

81

100

100

0

（0）

0

（0）

0

（0）

73

88

100

100

2

（3）

3

（3）

3

（3）

45

45

46

70

6

（13）

16

（23）

28

（33）

333

（451）

460

（532）

549

（567）

44

67

100

100

2

（2）

2

（2）

3

（3）

63

76

100

100

5

（7）

9

（9）

10

（11）

98

98

98

100

9

（37）

14

（48）

28

（63）

32

（148）

81

（212）

115

（239）

70

95

100

100

0

（0）

0

（0）

0

（0）

92

99

100

100

0

（0）

0

（0）

0

（12）

90

91

91

100

（FY 2018）

（FY 2018）

（FY 2021）

※11

※11

Indicator definitions

□ Rate of wrong-way driving［Unit: Cases］

Number of traffic accidents caused by wrong-way driving※7

□Rate of wrong-way driving[Unit : Cases]Number of traffic accidents or vehicles seizures※7

■Rate of trespassing［Unit : Cases］

Number of trespasses on expressway by pedestrians, bicycles, and small motor vehicles, etc.

■Rate of comfortable travel 　on roads

［Unit : %］Percentage of the road that is suitable for comfortable traveling

■Vacant space at gas stations

［Unit：Numbers of area］Number of sections with 100 km or longer vacant space between gas stations※8※9

■ Inspection rate of bridge［Unit: ％］

Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Wrong-way driving

Brid

ge U

nit

Span

Uni

t

Traffi

c Sa

fety

Ove

r 15

0km

ar

ea

Ove

r 10

0km

ar

ea

Road

Saf

ety

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan Hanshin

■Rate of bridges under　repair

［Unit: Bridges or Spans］Number of bridge repair works (including design) already commenced out of those bridges that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year※12※13

Figures in the parentheses shown in the lower column indicate the number of bridge of which repair work commenced by the corresponding year (including design) among those tunnels with the category III/IV from FY 2014 to the previous fiscal year of the surveyed year.

■Inspection rate of tunnel［Unit：％］

Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Rate of tunnels under repair［Unit: Tunnels］

Number of tunnels repair works (including design) already commenced out of those tunnels that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year.※12※13

Figures in the parentheses shown in the lower column indicate the number of tunnels of which repair work commenced by the corresponding year (including design) among those tunnels with the category I I I/ IV from FY 2014 to the previous fiscal year of the surveyed year.

■Inspection rate of accessories 　to roads

［Unit：％］Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Rate of accessories to roads 　under repair

［Unit: Facilities］Number of additional infrastructures repair works (including design) already commenced out of those additional infrastructures that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year.※12※13

Figures in the parentheses shown in the lower column indicate the number of road accessor ies needing repai r which i s inspected from FY 2014 to the previous year of surveyed year and fall under the category III/IV.

■Rate of bridge seismic　reinforcement completed

［Unit: ％］Percentage of bridges with seismic performance 2 to those bridges longer than 15 m※14

Indicator definitions

Road

Saf

ety

Brid

ge U

nit

Span

Uni

t

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan Hanshin

－ 22 － － 23 －

◆Outcome Indicators of Plan and Performance

※ 1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action plans 　 　within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range 　 　operational plans, for example.※ 7：Annual figures from January 1 to December 31※ 8：The number of areas is calculated separately for each direction of travel.※ 9：There are 12 areas straddling the West Nippon Expressway Co., Ltd. and Honshu-Shikoku Bridge Expressway Co., Ltd. across an area of over 100 km.※ 1 0：The inspection rate from FY 2014 to present against the number of administrative facilities (as of December 31, 2014).※ 1 1：The “span” refers to the distance between two points on the viaduct and/or bridge (bridge pier or abutment).

※ 1 0：The inspection rate from FY 2014 to present against the number of administrative facilities (as of December 31, 2014).※ 1 1：The “span” refers to the distance between two points on the viaduct and/or bridge (bridge pier or abutment).※ 1 2：Bridge, tunnel, and other road infrastructure diagnostics are based on comprehensive soundness evaluations carried out for each facility under 　 　　the public notice regarding soundness categories for tunnels and other infrastructure (Ministry of Land, Infrastructure, Transport and Tourism 　 　　Notice 426 of 2014) issued in July 2014.※ 1 3：Percentage of repair works (including design) started or finished.※ 1 4：Percentage of bridges for which prompt seismic reinforcement measures that enable functional recovery and will reduce damage even in an 　 　　event equivalent to the Great Hanshin Earthquake were taken.※ 1 5：The mid-range target year is FY 2021, when all seismic reinforcement works will be completed in all priority areas※16. The target completion year 　 　　for all seismic works nationwide is FY 2026. ※ 1 6：Areas with at least a 26% of probability of being hit by an earthquake measuring at least 6+ on the shindo scale (such as a Tokyo Inland Earthquake 　 　　or Nankai Trough Earthquake) in the next 30 years as indicated in the National Seismic Hazard Maps issued by the Headquarters for Earthquake 　 　　Research Promotion.

Present Condition of Expressways

Present Condition of Expressways

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

5

9

3

0

76

59

55

50

934

1,039

850

770

7

（0）

6

（0）

0

（0）

0

（0）

36

（0）

34

（0）

97

96

96

96

52

77

100

100

-

-

-

-

9

6

4

0

33

32

26

17

833

888

888

809

4

（4）

0

（0）

-

-

-

-

8

（4）

4

（0）

97

96

95

95

52

79

100

100

-

-

-

-

21

16

10

0

91

74

70

55

1,028

1,014

780

660

4

（4）

0

（0）

0

（0）

0

（0）

33

（16）

14

（12）

97

98

98

98

64

83

100

100

-

-

-

-

4

0

2

0

5

7

3

0

101

105

100

97

-

-

-

-

-

-

-

-

12

（12）

12

（12）

95

95

95

95

67

83

100

100

-

-

-

-

2

0

1

0

5

4

3

1

492

456

425

380

-

-

-

-

-

-

-

-

-

-

-

-

97

97

97

97

50

76

100

100

68

88

100

100

4

1

1

0

11

6

5

2

317

331

310

300

-

-

-

-

-

-

-

-

-

-

-

-

97

97

97

97

66

83

100

100

73

92

100

100

（FY 2021）

（FY 2020）

（FY 2018）

（FY 2021）

（Average values FY2018‒FY2021）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（Number of area where straddling the companies）

（FY 2018）

（FY 2018）

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target

FY 2016 Results

FY 2017 Results

FY 2018 Targets

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※15

24

（154）

156

（332）

233

（491）

-

-

-

-

-

-

62

84

100

100

7

（92）

88

（129）

130

（178）

72

85

100

100

20

（76）

74

（101）

81

（120）

79

79

80

86

32

（232）

116

（383）

109

（256）

-

-

-

-

-

-

57

84

100

100

10

（40）

33

（57）

49

（80）

59

79

100

100

7

（26）

18

（47）

27

（64）

88

88

89

98

109

（256）

114

（381）

169

（655）

-

-

-

-

-

-

72

83

100

100

167

（239）

256

（310）

282

（354）

66

83

100

100

79

（116）

110

（128）

123

（153）

59

59

60

73

2

（2）

6

（6）

8

（8）

-

-

-

-

-

-

59

81

100

100

0

（0）

0

（0）

0

（0）

73

88

100

100

2

（3）

3

（3）

3

（3）

45

45

46

70

6

（13）

16

（23）

28

（33）

333

（451）

460

（532）

549

（567）

44

67

100

100

2

（2）

2

（2）

3

（3）

63

76

100

100

5

（7）

9

（9）

10

（11）

98

98

98

100

9

（37）

14

（48）

28

（63）

32

（148）

81

（212）

115

（239）

70

95

100

100

0

（0）

0

（0）

0

（0）

92

99

100

100

0

（0）

0

（0）

0

（12）

90

91

91

100

（FY 2018）

（FY 2018）

（FY 2021）

※11

※11

Indicator definitions

□ Rate of wrong-way driving［Unit: Cases］

Number of traffic accidents caused by wrong-way driving※7

□Rate of wrong-way driving[Unit : Cases]Number of traffic accidents or vehicles seizures※7

■Rate of trespassing［Unit : Cases］

Number of trespasses on expressway by pedestrians, bicycles, and small motor vehicles, etc.

■Rate of comfortable travel 　on roads

［Unit : %］Percentage of the road that is suitable for comfortable traveling

■Vacant space at gas stations

［Unit：Numbers of area］Number of sections with 100 km or longer vacant space between gas stations※8※9

■ Inspection rate of bridge［Unit: ％］

Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Wrong-way driving

Brid

ge U

nit

Span

Uni

t

Traffi

c Sa

fety

Ove

r 15

0km

ar

ea

Ove

r 10

0km

ar

ea

Road

Saf

ety

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan Hanshin

■Rate of bridges under　repair

［Unit: Bridges or Spans］Number of bridge repair works (including design) already commenced out of those bridges that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year※12※13

Figures in the parentheses shown in the lower column indicate the number of bridge of which repair work commenced by the corresponding year (including design) among those tunnels with the category III/IV from FY 2014 to the previous fiscal year of the surveyed year.

■Inspection rate of tunnel［Unit：％］

Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Rate of tunnels under repair［Unit: Tunnels］

Number of tunnels repair works (including design) already commenced out of those tunnels that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year.※12※13

Figures in the parentheses shown in the lower column indicate the number of tunnels of which repair work commenced by the corresponding year (including design) among those tunnels with the category I I I/ IV from FY 2014 to the previous fiscal year of the surveyed year.

■Inspection rate of accessories 　to roads

［Unit：％］Rate of inspection conducted based on the ministerial order

【cumulative】※10

■Rate of accessories to roads 　under repair

［Unit: Facilities］Number of additional infrastructures repair works (including design) already commenced out of those additional infrastructures that fall within category III or IV inspected between FY 2014 and the fiscal year prior to the surveyed year.※12※13

Figures in the parentheses shown in the lower column indicate the number of road accessor ies needing repai r which i s inspected from FY 2014 to the previous year of surveyed year and fall under the category III/IV.

■Rate of bridge seismic　reinforcement completed

［Unit: ％］Percentage of bridges with seismic performance 2 to those bridges longer than 15 m※14

Indicator definitions

Road

Saf

ety

Brid

ge U

nit

Span

Uni

t

EastNippon

CentralNippon

WestNippon Honshu

-Shikoku Metropolitan Hanshin

－ 24 －

※ 1：In order to indicate mid-range service standards, these are reference figures calculated according to trends through FY2021 based on action 　 　plans within the period covered by the current Mid-range operational plan. They may be adjusted when companies formulate new mid-range 　 　operational plans, for example.※ 1 7：Since values are affected by occupancy needs, the target values show FY 2018 targets as well as averages for the past three years.※ 1 8：Provision of incentives refers to a mechanism to help expressway companies construct and/or repair expressways at lower cost.

◆Outcome Indicators of Plan and Performance

Present Condition of Expressways

68

83

94

107

4,366

4,396

4,362

4,362

328

348

334

334

0

2

1

4

1,973

2,215

1,960

7,840

5

2

6

24

8

3

243

51

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets※17

Mid-range target※1※17

FY 2016 Results

FY 2017 Results

FY 2018 Targets※17

Mid-range target※1※17

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2018 Targets

Mid-range target※1

FY 2016 Results

FY 2017 Results

FY 2016 Results

FY 2017 Results

126

127

129

133

3,914

4,016

3,920

3,920

173

187

180

180

0

2

1

4

1,784

2,083

2,100

8,400

13

5

1

4

0

1

0

38

67

70

71

74

6,104

6,297

6,125

6,125

262

279

266

266

1

0

1

4

1,722

2,527

3,000

13,000

6

1

3

12

6

2

203

106

0

0

0

0

653

645

648

648

80

84

81

81

0

0

1

4

236

240

240

960

1

1

1

4

0

0

0

0

-

-

-

-

958

939

950

950

999

1,066

1,020

1,020

0

0

1

4

12

14

13

52

0

0

2

6

0

0

0

0

-

-

-

-

1,223

1,231

1,226

1,226

382

393

384

384

0

0

1

4

1

14

10

28

0

1

1

4

0

1

0

0

（FY 2021）

（Average values FY2018‒FY2021）

（Cumulative values FY2018‒FY2021）

（Cumulative values FY2018‒FY2021）

（Cumulative values FY2018‒FY2021）

（Average values FY2018‒FY2021）

Indicator definitions EastNippon

CentralNippon

WestNippon

Honshu-Shikoku Metropolitan Hanshin

□Occupancy rate［Unit: Cases］

Number of road occupancy cases

□Occupancy income［Unit：Million yen］

Income from road occupancy

□Conduction of bidding for occupancy

［Unit：Cases］Number of occupancies under bidding for occupancy

□Numbers of recognized［Unit：Cases］

Number of incentives recognized for expressway construction and management

□Numbers of provision［Unit：Cases］

Number of incentives provided for expressway construction and management

□Provided amount［Unit：Million yen］

Amount of incentives provided for expressway construction and management

■Dates of local use of SA/PA［Unit: Days］

Number of days SA/PA was used for local marketing/event, etc.

■Provision of incentives※18

■Occupancy

Oth

ers

Solid

arity

with

loca

l com

mun

ity

■ Rate of welcome gates 　installed at the point linking 　general roads and SA, etc.

［Unit：Installation points］Number of SA, etc. where a welcome gate is installed

－ 25 －

Appendix◆Subsidies Granted in 2017

： New technical resolution was applied

* Subsidy figures may not add up exactly as they are rounded to the nearest million yen.

Appendix

Company Sections Description of managerial effort Amount

　To encourage expressway companies to leverage their management capacity to reduce the cost of new construction and other highway projects, the Agency provides subsidies to those that have been recognized for proper management effort. Subsidies issued during FY 2017 are listed below.

51million yen

38million yen

106million yen

0million yen

195million yenNumbers of provision: 7 (New technologies employed in 4 cases)

Hanshin Expressway Co.,Ltd.

West NipponExpressway

Co.,Ltd.

Central NipponExpressway

Co.,Ltd.

East NipponExpressway

Co.,Ltd.

Kita-Kanto ExpresswayAshikaga IC‒Iwafune JCT

No. 1 Tokai ExpresswayShizuoka IC‒Yaizu IC

Higashi-Kyushu ExpresswayYukuhashi IC‒Miyako-Toyotsu IC

Kobe LineLoop junction‒Amagasaki-Higashi

Adopted a new method for linking reinforced concrete ground slab joints

Developed an extended cast-in-place ground slab method

Worked with the local community to secure use of adjacent sand

Reduced the cost of measures to alleviate traffic congestion by using two lanes in either direction when open to two-way traffic

Quickly opened the Kita-Kanto Expressway (Ashikaga IC‒Iwafune JCT) to traffic

Developed new lighting fixtures for tunnels

Adopted a new ETC gantry structure

－ 25 －

Appendix◆Subsidies Granted in 2017

： New technical resolution was applied

* Subsidy figures may not add up exactly as they are rounded to the nearest million yen.

Appendix

Company Sections Description of managerial effort Amount

　To encourage expressway companies to leverage their management capacity to reduce the cost of new construction and other highway projects, the Agency provides subsidies to those that have been recognized for proper management effort. Subsidies issued during FY 2017 are listed below.

51million yen

38million yen

106million yen

0million yen

195million yenNumbers of provision: 7 (New technologies employed in 4 cases)

Hanshin Expressway Co.,Ltd.

West NipponExpressway

Co.,Ltd.

Central NipponExpressway

Co.,Ltd.

East NipponExpressway

Co.,Ltd.

Kita-Kanto ExpresswayAshikaga IC‒Iwafune JCT

No. 1 Tokai ExpresswayShizuoka IC‒Yaizu IC

Higashi-Kyushu ExpresswayYukuhashi IC‒Miyako-Toyotsu IC

Kobe LineLoop junction‒Amagasaki-Higashi

Adopted a new method for linking reinforced concrete ground slab joints

Developed an extended cast-in-place ground slab method

Worked with the local community to secure use of adjacent sand

Reduced the cost of measures to alleviate traffic congestion by using two lanes in either direction when open to two-way traffic

Quickly opened the Kita-Kanto Expressway (Ashikaga IC‒Iwafune JCT) to traffic

Developed new lighting fixtures for tunnels

Adopted a new ETC gantry structure

－ 26 －

（２）Changes in the Agency's Outstanding Balance◆Details of Income and Expenditure Budget (Debt Repayment Plan)

（１）Preconditions

①Forecasts of vehicular traffic volume in the future

②Future interest rates

We have assumed future interest rates up to 4% as previously.

Please refer to the Agency's website (http://www.jehdra.go.jp/pdf/909.pdf) for the volume of total vehicular traffic in future in respective agreements.

　The Agency utilizes the latest expertise at the time of formulation to formulate a highly reliable debt repayment plan. Details of the preconditions for debt repayment and changes in the Agency's outstanding balance are as follows:

Appendix (Combined Income and Expenditure Budget Statement Figures)Changes in the Agency's outstanding balance (combined income and expenditure budget

statement figures for the national expressway network, regional expressway networks and independent general toll roads) are as follows.

　Future traffic volume estimates were calculated based on usage rates of each expressway, which in turn were based on total traffic projections prepared by the Ministry of Land, Infrastructure and Transport and Tourism.

　The current interest rate situation in Japan is characterized by ongoing zero-interest-rate policies and quantitative/qualitative easy-money policies as well as a negative-interest-rate policy adopted in February 2016, all of which contribute to keeping interest rates low.　Private thinktanks are projecting sluggish mid-to-long range returns on the ten-year government bonds that serve as long-term interest rate indicators; however, the mid-range economic and fiscal estimates put out by the Cabinet Office predict that they will increase by around 4%.　The greatest risk to reliable debt repayment is rising interest rates. As an expressway agency, we are working to maximize fundraising by taking advantage of the current low interest rate conditions over the ultra-long term and implementing whatever measures we can to bolster the certainty of debt repayment̶even in small ways. When it comes to setting the future interest rates that will apply to new fundraising, then, we have kept the ceiling at 4%. 　Please refer to the Agency's website (http://www.jehdra.go.jp/pdf/909.pdf) for interest rates in future in respective agreements.　

◆ Changes in the Agency's outstanding balance (total)　(As of September 1,2018) Unit : trillion yen (consumption tax included)

Outstanding balance on April 1Debt balance＊2

Capital＊3 TotalInterest-bearing debts Infrastructure debts Interest-free debtsFY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

36.435.234.430.730.430.029.630.029.328.828.227.427.028.928.831.230.930.130.130.229.428.828.227.726.926.125.724.823.922.921.920.919.918.917.916.915.914.913.812.912.011.110.3

9.910.1

9.68.57.56.45.44.33.32.41.40.80.60.50.40.20.10.0

0.50.40.50.40.40.40.30.30.30.20.20.20.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0

0.30.30.30.20.20.20.20.20.10.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0

4.44.64.74.85.05.15.25.45.55.55.55.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.55.35.14.94.23.02.52.52.52.52.52.52.42.32.22.01.91.81.71.71.71.7

41.640.539.836.236.135.735.435.835.134.634.033.232.834.734.636.936.535.835.835.835.134.433.833.332.631.731.330.529.528.527.526.525.624.623.622.621.620.519.518.417.316.315.214.113.112.011.010.0

8.97.86.85.74.63.52.82.62.32.12.01.81.7

Note1：The Agency's outstanding balance at the time of privatization

Note2： The debt balance shown in the table above reflects the Agency's debt succeeded to the general account in FY 2008 for the Project to Promote the Effective Utilization of Expressways based on the "Law Concerning Special Measures for National Financing of Road Construction (Law No.34 of 1958)". The debt balance is currently under review along with changes in plan for the Project in FY 2010, FY 2011, FY 2013, and FY 2016.

Note3：

Note4：There may be discrepancies in figure totals due to the treatment of fractions.

Interest-bearing debts Infrastructure debts Interest-free debts Capital Total37.4 trillion yen 0.5 trillion yen 0.3 trillion yen 4.4 trillion yen 42.6 trillion yen

The balance of capital in fiscal FY 2066 (1.7 trillion yen) is related to the Honshu-Shikoku Bridge Expressway. How it is to be settled will be decided by the time of the Agency's dissolution. Funds contributed by local governments to regional expressway networks for the Hanshin Expressway (Kyoto area) will be reduced based on the provision of Paragraph 1, Article 46-1 of the Act on General Rules for Incorporated Administrative Agencies (Act No. 101 of 1999).

Appendix

　For detailed figures on individual cash budgets, please refer to the Agency website.　http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 27 －

－ 26 －

（２）Changes in the Agency's Outstanding Balance◆Details of Income and Expenditure Budget (Debt Repayment Plan)

（１）Preconditions

①Forecasts of vehicular traffic volume in the future

②Future interest rates

We have assumed future interest rates up to 4% as previously.

Please refer to the Agency's website (http://www.jehdra.go.jp/pdf/909.pdf) for the volume of total vehicular traffic in future in respective agreements.

　The Agency utilizes the latest expertise at the time of formulation to formulate a highly reliable debt repayment plan. Details of the preconditions for debt repayment and changes in the Agency's outstanding balance are as follows:

Appendix (Combined Income and Expenditure Budget Statement Figures)Changes in the Agency's outstanding balance (combined income and expenditure budget

statement figures for the national expressway network, regional expressway networks and independent general toll roads) are as follows.

　Future traffic volume estimates were calculated based on usage rates of each expressway, which in turn were based on total traffic projections prepared by the Ministry of Land, Infrastructure and Transport and Tourism.

　The current interest rate situation in Japan is characterized by ongoing zero-interest-rate policies and quantitative/qualitative easy-money policies as well as a negative-interest-rate policy adopted in February 2016, all of which contribute to keeping interest rates low.　Private thinktanks are projecting sluggish mid-to-long range returns on the ten-year government bonds that serve as long-term interest rate indicators; however, the mid-range economic and fiscal estimates put out by the Cabinet Office predict that they will increase by around 4%.　The greatest risk to reliable debt repayment is rising interest rates. As an expressway agency, we are working to maximize fundraising by taking advantage of the current low interest rate conditions over the ultra-long term and implementing whatever measures we can to bolster the certainty of debt repayment̶even in small ways. When it comes to setting the future interest rates that will apply to new fundraising, then, we have kept the ceiling at 4%. 　Please refer to the Agency's website (http://www.jehdra.go.jp/pdf/909.pdf) for interest rates in future in respective agreements.　

◆ Changes in the Agency's outstanding balance (total)　(As of September 1,2018) Unit : trillion yen (consumption tax included)

Outstanding balance on April 1Debt balance＊2

Capital＊3 TotalInterest-bearing debts Infrastructure debts Interest-free debtsFY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

36.435.234.430.730.430.029.630.029.328.828.227.427.028.928.831.230.930.130.130.229.428.828.227.726.926.125.724.823.922.921.920.919.918.917.916.915.914.913.812.912.011.110.3

9.910.1

9.68.57.56.45.44.33.32.41.40.80.60.50.40.20.10.0

0.50.40.50.40.40.40.30.30.30.20.20.20.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0

0.30.30.30.20.20.20.20.20.10.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0

4.44.64.74.85.05.15.25.45.55.55.55.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.65.55.35.14.94.23.02.52.52.52.52.52.52.42.32.22.01.91.81.71.71.71.7

41.640.539.836.236.135.735.435.835.134.634.033.232.834.734.636.936.535.835.835.835.134.433.833.332.631.731.330.529.528.527.526.525.624.623.622.621.620.519.518.417.316.315.214.113.112.011.010.0

8.97.86.85.74.63.52.82.62.32.12.01.81.7

Note1：The Agency's outstanding balance at the time of privatization

Note2： The debt balance shown in the table above reflects the Agency's debt succeeded to the general account in FY 2008 for the Project to Promote the Effective Utilization of Expressways based on the "Law Concerning Special Measures for National Financing of Road Construction (Law No.34 of 1958)". The debt balance is currently under review along with changes in plan for the Project in FY 2010, FY 2011, FY 2013, and FY 2016.

Note3：

Note4：There may be discrepancies in figure totals due to the treatment of fractions.

Interest-bearing debts Infrastructure debts Interest-free debts Capital Total37.4 trillion yen 0.5 trillion yen 0.3 trillion yen 4.4 trillion yen 42.6 trillion yen

The balance of capital in fiscal FY 2066 (1.7 trillion yen) is related to the Honshu-Shikoku Bridge Expressway. How it is to be settled will be decided by the time of the Agency's dissolution. Funds contributed by local governments to regional expressway networks for the Hanshin Expressway (Kyoto area) will be reduced based on the provision of Paragraph 1, Article 46-1 of the Act on General Rules for Incorporated Administrative Agencies (Act No. 101 of 1999).

Appendix

　For detailed figures on individual cash budgets, please refer to the Agency website.　http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 27 －

－ 28 －

◆ Income and Expenditure Budget Statement (Agency)　

(As of September 1,2018)[Budget statement showing outstanding debts (excluding construction such as specified renewal] Unit : million yen (consumption tax included)

Outstanding balance on April 1 Debts accepted from the companies Income Expenditure

Income/expenditure

balanceDebt balance

Interest- bearing debts

Infrastructure debts

Interest-free

debtsRent Charges for

occupation Capital Administrative expenses

Interest paid

Interest-free

debtsInterest- bearing debts

Infrastructuredebts

Interest-free

debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

Capital＊

36,404,48035,229,71434,367,53230,684,35830,445,88129,995,07829,641,23329,984,44329,273,73328,755,34428,201,73627,348,37626,888,10028,195,84927,839,77529,794,45629,146,75728,058,81527,705,41427,351,31326,266,57725,130,67524,087,29522,955,45921,810,29620,786,07720,200,29019,139,24517,958,42016,763,33615,548,99914,332,04413,111,83511,880,27110,624,598

9,357,5328,068,5996,757,2715,413,8634,169,0133,119,2702,027,860

907,544268,753231,877194,913158,004121,772

85,87850,46616,202

0000000000

468,811423,582454,086406,125430,997384,114339,777297,341258,710223,068190,456159,972131,498105,252

80,75158,96740,72626,57514,978

7,0502,112

0000000000000000000000000000000000000000

260,505260,458252,077234,696217,315199,935182,553165,173147,792130,412113,031

95,67078,33361,00043,66726,333

9,00000000000000000000000000000000000000000000000

4,442,9844,575,6844,707,1844,834,4004,962,6605,093,4845,234,2345,354,6715,464,3445,503,4685,540,6665,579,7605,604,9885,596,5825,616,4135,617,9315,620,1775,621,7885,623,7265,625,6495,629,5305,634,8625,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,518,7475,318,5915,120,3334,923,3634,245,9842,986,4812,464,8882,464,8882,464,8882,464,8882,464,8882,464,8882,411,3992,282,4832,154,9102,028,6471,902,9501,779,1701,738,2251,738,2251,738,2251,738,225

144,515528,469480,039720,765562,109452,810

1,532,258549,203

1,040,9711,054,114

754,6041,304,1973,082,7291,217,2723,682,272

828,388304,112

1,067,9011,053,696

240,858249,205359,278220,131180,566321,966800,841290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358172,987171,573172,589175,636171,380

73,5561,3792,1112,1112,1112,1119,929

19,60519,60519,60519,60519,605

9,131000

26,369,006

080,861

073,559

00000000000000000000000000000000000000000000000000000000

154,420

22,33234,16120,97025,31146,44612,98981,61061,88786,676

8,759149,442

53,8286,842

92,15449,558

3,4865,9894,0831,550

016,363

1,83600000000000000000000000000000000000000

786,271

1,971,2131,974,5961,862,3041,484,4421,518,0881,546,5591,652,4961,701,6872,060,5132,110,5132,112,9212,185,1682,075,7371,997,0661,995,6362,049,6782,062,9952,074,2952,101,0942,109,0082,139,4852,147,3332,149,3532,157,3662,154,4922,133,3022,123,9932,107,6202,088,7642,068,9572,037,3252,008,0571,979,7141,958,3771,924,7341,899,9681,875,5521,856,5231,826,3601,649,1751,654,8481,637,3251,607,3691,580,063

684,90048,59347,06945,21243,22140,53885,253

158,680157,230155,814155,203153,133

53,280000

87,240,190

18,27817,62524,00119,04510,748

5,9684,997

70,32456,17932,79115,66216,867

4,8574,8574,8574,8574,8574,8574,8574,857

18,1254,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,5064,4654,4654,4654,4651,922

00000

184392392392392392183

000

463,490

132,700134,350132,889128,260130,824153,092157,886109,673

39,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

1,339,523

89,54166,85475,75636,85647,514

305,7226,262

56,85575,44783,809

100,06969,841

-54,40068,756

-96,52794,646

134,89192,91881,666

142,079141,913135,454145,999149,498138,803102,158139,375145,255143,628142,461140,049137,705135,636134,019131,466129,625127,809126,364124,245112,181112,679111,305108,861107,158

46,4913,4973,3303,1933,0452,8475,781

10,55010,44310,33810,29310,140

3,387000

4,725,530

615,393555,979542,459521,323485,956458,422462,619458,770428,864401,779372,705335,784316,434317,985330,312448,229517,754553,334608,559641,255628,478614,077656,243686,997674,361649,372638,035598,443563,812530,027497,244464,683427,471383,128339,850294,979249,894199,724155,585118,613

85,39340,61011,166

9,6108,2186,8085,3964,0142,6531,316

36000000000

18,920,157

52,70054,35052,88948,26050,82473,09297,63348,32639,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

737,923

1,364,5571,449,3881,348,0911,025,3081,075,366

868,3821,248,8661,317,7351,612,3801,657,7141,655,8091,796,4131,818,5601,615,1821,766,7071,511,6601,415,2061,432,8981,415,7251,330,5311,387,2191,402,6581,351,9681,325,7281,346,1851,386,6271,351,4401,368,7811,386,1801,401,3261,404,8881,410,5251,421,4631,446,0861,458,2751,480,2211,502,7061,535,2921,551,3871,422,8861,461,2411,489,8751,491,8061,467,759

632,11338,28838,34338,00537,52336,37579,620

148,522147,179145,868145,302143,385

50,076000

64,659,593

Note :

＊ In order to distinguish debts related to construction such as specified renewal, we split it into two tables, [Budget statement showing outstanding debts (excluding construction such as specified renewal)] and [Budget statement showing outstanding debts related to construction such as specified renewal]. The total of "Outstanding balance" can be found at Total of outstanding balance].

The amount of capital after FY 2066(1.7 trillion yen) is related to Honshu-Shikoku Bridge Expressway Co., Ltd. It is a matter to be discussed before the dissolution of the Agency. Funds contributed by local governments to regional expressway networks for the Hanshin Expressway (Kyoto area) will be reduced based on the provision of Paragraph 1, Article 46-1 of the Act on General Rules for Incorporated Administrative Agencies (Act No. 101 of 1999).

[Budget statement showing outstanding debts related to construction such as specified renewal]

Unit : million yen (consumption tax included) Outstanding

balanceDebts accepted

fromthe Companies

Consumption tax on

accepted debts prior

todebt

repayment

Interest expenses

prior to debt

repayment

Income Expenditure

Income/expenditure

balance

Debt balance Interest-bearing

debts

Rent Charges of occupation

Administrative expenses

Interest paidInterest-

bearing debts

Debts related to

construction such as

specified renewal

Other debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

0000000000

3,69627,615

115,753699,210990,561

1,373,9951,711,4592,053,7422,434,2362,830,2083,181,4683,631,4884,081,9574,754,4095,126,1365,308,7795,499,3885,698,0495,903,0926,115,8466,335,7436,564,7926,804,2617,058,0447,319,6027,588,9077,863,7738,146,2048,431,7058,724,7638,902,6419,116,8839,352,3239,593,6539,837,0969,371,7048,376,4187,376,4066,359,0235,331,6424,301,4433,322,6392,363,3191,389,932

784,432647,494506,791362,267213,200

62,3790

000000000

3,99025,79394,857

626,856305,837399,698338,173329,762356,611356,868293,454389,446370,818581,957223,030

000000000000000000000000000000000000

4,697,150

000000000000000000000000000000000000000

15,47417,28517,49917,49817,495

120,392196,019199,406196,193195,384194,557185,417177,186176,209138,774

26,71626,71626,71626,71628,67914,377

2,014,711

000000000

-296-1,911-7,027

-46,391-22,658-29,609-25,052-24,428-26,419-26,437-21,740-28,850-27,472-42,843-16,522

000000000000000000000000000000000000

-347,654

0000000000

38308

2,9918,173

13,34524,34236,95050,30265,54079,54689,424

107,123133,337165,220182,643190,609198,661205,044212,753219,898229,049239,469253,783261,557269,305274,866282,431285,501293,058270,238279,260302,623311,127315,226136,865

000000000000000

5,990,603

000000000000000000000000000000000000000

148,784121,549121,247121,115120,204988,270

1,605,0111,575,0211,549,2421,524,6571,504,7221,430,1591,330,0331,305,256

831,007204,830202,908200,882199,456196,802

82,706

15,363,861

000000000000000000000000000000000000000

351392392392392

2,9354,8574,8574,8574,8574,8574,6734,4654,4653,6291,0671,0671,0671,0671,067

535

52,236

000000000000000000000000000000000000000

10,0977,9727,9337,9247,856

66,142107,432104,959103,290101,532100,111

95,06588,21086,44953,55513,81213,67013,52013,41413,073

5,372

1,021,389

000000000000000000000000000000000000000

31,20431,66629,02426,28823,462

202,414311,130275,500237,233205,215184,711175,546109,780

73,67536,80828,43122,88617,18911,326

5,2961,113

2,039,896

000000000000000000000000000000000000000

107,83482,30384,68287,29589,278

722,6491,191,3051,199,4181,213,5761,222,7661,224,7571,164,2211,136,5071,149,597

744,274163,654167,419171,240175,783179,500

76,756

12,354,813

[Total outstanding balance]Unit : million yen (consumption tax included)

Outstanding balance on April 1

Debt balance

Capital*Interest- bearing debts

Infrastructure debts

Interest-free

debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

36,404,48035,229,71434,367,53230,684,35830,445,88129,995,07829,641,23329,984,44329,273,73328,755,34428,205,43227,375,99227,003,85428,895,05928,830,33631,168,45130,858,21630,112,55730,139,65030,181,52129,448,04528,762,16328,169,25227,709,86826,936,43226,094,85625,699,67824,837,29423,861,51222,879,18221,884,74220,896,83619,916,09618,938,31517,944,20016,946,43915,932,37214,903,47513,845,56812,893,77612,021,91111,144,74310,259,867

9,862,40610,068,973

9,566,6178,534,4227,498,1786,444,9015,382,1084,317,6453,322,6392,363,3191,389,932

784,432647,494506,791362,267213,200

62,3790

468,811423,582454,086406,125430,997384,114339,777297,341258,710223,068190,456159,972131,498105,252

80,75158,96740,72626,57514,978

7,0502,112

0000000000000000000000000000000000000000

260,505260,458252,077234,696217,315199,935182,553165,173147,792130,412113,031

95,67078,33361,00043,66726,333

9,00000000000000000000000000000000000000000000000

4,442,9844,575,6844,707,1844,834,4004,962,6605,093,4845,234,2345,354,6715,464,3445,503,4685,540,6665,579,7605,604,9885,596,5825,616,4135,617,9315,620,1775,621,7885,623,7265,625,6495,629,5305,634,8625,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,518,7475,318,5915,120,3334,923,3634,245,9842,986,4812,464,8882,464,8882,464,8882,464,8882,464,8882,464,8882,411,3992,282,4832,154,9102,028,6471,902,9501,779,1701,738,2251,738,2251,738,2251,738,225

＊ There may be discrepancies in figure totals due to the treatment of fractions.

Appendix

Appendix

＊The majority of management expenses is consumption tax.－ 29 －

For detailed figures on individual cash budgets, please refer to the Agency website.http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 28 －

◆ Income and Expenditure Budget Statement (Agency)　

(As of September 1,2018)[Budget statement showing outstanding debts (excluding construction such as specified renewal] Unit : million yen (consumption tax included)

Outstanding balance on April 1 Debts accepted from the companies Income Expenditure

Income/expenditure

balanceDebt balance

Interest- bearing debts

Infrastructure debts

Interest-free

debtsRent Charges for

occupation Capital Administrative expenses

Interest paid

Interest-free

debtsInterest- bearing debts

Infrastructuredebts

Interest-free

debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

Capital＊

36,404,48035,229,71434,367,53230,684,35830,445,88129,995,07829,641,23329,984,44329,273,73328,755,34428,201,73627,348,37626,888,10028,195,84927,839,77529,794,45629,146,75728,058,81527,705,41427,351,31326,266,57725,130,67524,087,29522,955,45921,810,29620,786,07720,200,29019,139,24517,958,42016,763,33615,548,99914,332,04413,111,83511,880,27110,624,598

9,357,5328,068,5996,757,2715,413,8634,169,0133,119,2702,027,860

907,544268,753231,877194,913158,004121,772

85,87850,46616,202

0000000000

468,811423,582454,086406,125430,997384,114339,777297,341258,710223,068190,456159,972131,498105,252

80,75158,96740,72626,57514,978

7,0502,112

0000000000000000000000000000000000000000

260,505260,458252,077234,696217,315199,935182,553165,173147,792130,412113,031

95,67078,33361,00043,66726,333

9,00000000000000000000000000000000000000000000000

4,442,9844,575,6844,707,1844,834,4004,962,6605,093,4845,234,2345,354,6715,464,3445,503,4685,540,6665,579,7605,604,9885,596,5825,616,4135,617,9315,620,1775,621,7885,623,7265,625,6495,629,5305,634,8625,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,518,7475,318,5915,120,3334,923,3634,245,9842,986,4812,464,8882,464,8882,464,8882,464,8882,464,8882,464,8882,411,3992,282,4832,154,9102,028,6471,902,9501,779,1701,738,2251,738,2251,738,2251,738,225

144,515528,469480,039720,765562,109452,810

1,532,258549,203

1,040,9711,054,114

754,6041,304,1973,082,7291,217,2723,682,272

828,388304,112

1,067,9011,053,696

240,858249,205359,278220,131180,566321,966800,841290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358172,987171,573172,589175,636171,380

73,5561,3792,1112,1112,1112,1119,929

19,60519,60519,60519,60519,605

9,131000

26,369,006

080,861

073,559

00000000000000000000000000000000000000000000000000000000

154,420

22,33234,16120,97025,31146,44612,98981,61061,88786,676

8,759149,442

53,8286,842

92,15449,558

3,4865,9894,0831,550

016,363

1,83600000000000000000000000000000000000000

786,271

1,971,2131,974,5961,862,3041,484,4421,518,0881,546,5591,652,4961,701,6872,060,5132,110,5132,112,9212,185,1682,075,7371,997,0661,995,6362,049,6782,062,9952,074,2952,101,0942,109,0082,139,4852,147,3332,149,3532,157,3662,154,4922,133,3022,123,9932,107,6202,088,7642,068,9572,037,3252,008,0571,979,7141,958,3771,924,7341,899,9681,875,5521,856,5231,826,3601,649,1751,654,8481,637,3251,607,3691,580,063

684,90048,59347,06945,21243,22140,53885,253

158,680157,230155,814155,203153,133

53,280000

87,240,190

18,27817,62524,00119,04510,748

5,9684,997

70,32456,17932,79115,66216,867

4,8574,8574,8574,8574,8574,8574,8574,857

18,1254,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,8574,5064,4654,4654,4654,4651,922

00000

184392392392392392183

000

463,490

132,700134,350132,889128,260130,824153,092157,886109,673

39,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

1,339,523

89,54166,85475,75636,85647,514

305,7226,262

56,85575,44783,809

100,06969,841

-54,40068,756

-96,52794,646

134,89192,91881,666

142,079141,913135,454145,999149,498138,803102,158139,375145,255143,628142,461140,049137,705135,636134,019131,466129,625127,809126,364124,245112,181112,679111,305108,861107,158

46,4913,4973,3303,1933,0452,8475,781

10,55010,44310,33810,29310,140

3,387000

4,725,530

615,393555,979542,459521,323485,956458,422462,619458,770428,864401,779372,705335,784316,434317,985330,312448,229517,754553,334608,559641,255628,478614,077656,243686,997674,361649,372638,035598,443563,812530,027497,244464,683427,471383,128339,850294,979249,894199,724155,585118,613

85,39340,61011,166

9,6108,2186,8085,3964,0142,6531,316

36000000000

18,920,157

52,70054,35052,88948,26050,82473,09297,63348,32639,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

737,923

1,364,5571,449,3881,348,0911,025,3081,075,366

868,3821,248,8661,317,7351,612,3801,657,7141,655,8091,796,4131,818,5601,615,1821,766,7071,511,6601,415,2061,432,8981,415,7251,330,5311,387,2191,402,6581,351,9681,325,7281,346,1851,386,6271,351,4401,368,7811,386,1801,401,3261,404,8881,410,5251,421,4631,446,0861,458,2751,480,2211,502,7061,535,2921,551,3871,422,8861,461,2411,489,8751,491,8061,467,759

632,11338,28838,34338,00537,52336,37579,620

148,522147,179145,868145,302143,385

50,076000

64,659,593

Note :

＊ In order to distinguish debts related to construction such as specified renewal, we split it into two tables, [Budget statement showing outstanding debts (excluding construction such as specified renewal)] and [Budget statement showing outstanding debts related to construction such as specified renewal]. The total of "Outstanding balance" can be found at Total of outstanding balance].

The amount of capital after FY 2066(1.7 trillion yen) is related to Honshu-Shikoku Bridge Expressway Co., Ltd. It is a matter to be discussed before the dissolution of the Agency. Funds contributed by local governments to regional expressway networks for the Hanshin Expressway (Kyoto area) will be reduced based on the provision of Paragraph 1, Article 46-1 of the Act on General Rules for Incorporated Administrative Agencies (Act No. 101 of 1999).

[Budget statement showing outstanding debts related to construction such as specified renewal]

Unit : million yen (consumption tax included) Outstanding

balanceDebts accepted

fromthe Companies

Consumption tax on

accepted debts prior

todebt

repayment

Interest expenses

prior to debt

repayment

Income Expenditure

Income/expenditure

balance

Debt balance Interest-bearing

debts

Rent Charges of occupation

Administrative expenses

Interest paidInterest-

bearing debts

Debts related to

construction such as

specified renewal

Other debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

0000000000

3,69627,615

115,753699,210990,561

1,373,9951,711,4592,053,7422,434,2362,830,2083,181,4683,631,4884,081,9574,754,4095,126,1365,308,7795,499,3885,698,0495,903,0926,115,8466,335,7436,564,7926,804,2617,058,0447,319,6027,588,9077,863,7738,146,2048,431,7058,724,7638,902,6419,116,8839,352,3239,593,6539,837,0969,371,7048,376,4187,376,4066,359,0235,331,6424,301,4433,322,6392,363,3191,389,932

784,432647,494506,791362,267213,200

62,3790

000000000

3,99025,79394,857

626,856305,837399,698338,173329,762356,611356,868293,454389,446370,818581,957223,030

000000000000000000000000000000000000

4,697,150

000000000000000000000000000000000000000

15,47417,28517,49917,49817,495

120,392196,019199,406196,193195,384194,557185,417177,186176,209138,774

26,71626,71626,71626,71628,67914,377

2,014,711

000000000

-296-1,911-7,027

-46,391-22,658-29,609-25,052-24,428-26,419-26,437-21,740-28,850-27,472-42,843-16,522

000000000000000000000000000000000000

-347,654

0000000000

38308

2,9918,173

13,34524,34236,95050,30265,54079,54689,424

107,123133,337165,220182,643190,609198,661205,044212,753219,898229,049239,469253,783261,557269,305274,866282,431285,501293,058270,238279,260302,623311,127315,226136,865

000000000000000

5,990,603

000000000000000000000000000000000000000

148,784121,549121,247121,115120,204988,270

1,605,0111,575,0211,549,2421,524,6571,504,7221,430,1591,330,0331,305,256

831,007204,830202,908200,882199,456196,802

82,706

15,363,861

000000000000000000000000000000000000000

351392392392392

2,9354,8574,8574,8574,8574,8574,6734,4654,4653,6291,0671,0671,0671,0671,067

535

52,236

000000000000000000000000000000000000000

10,0977,9727,9337,9247,856

66,142107,432104,959103,290101,532100,111

95,06588,21086,44953,55513,81213,67013,52013,41413,073

5,372

1,021,389

000000000000000000000000000000000000000

31,20431,66629,02426,28823,462

202,414311,130275,500237,233205,215184,711175,546109,780

73,67536,80828,43122,88617,18911,326

5,2961,113

2,039,896

000000000000000000000000000000000000000

107,83482,30384,68287,29589,278

722,6491,191,3051,199,4181,213,5761,222,7661,224,7571,164,2211,136,5071,149,597

744,274163,654167,419171,240175,783179,500

76,756

12,354,813

[Total outstanding balance]Unit : million yen (consumption tax included)

Outstanding balance on April 1

Debt balance

Capital*Interest- bearing debts

Infrastructure debts

Interest-free

debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065FY 2066

Total

36,404,48035,229,71434,367,53230,684,35830,445,88129,995,07829,641,23329,984,44329,273,73328,755,34428,205,43227,375,99227,003,85428,895,05928,830,33631,168,45130,858,21630,112,55730,139,65030,181,52129,448,04528,762,16328,169,25227,709,86826,936,43226,094,85625,699,67824,837,29423,861,51222,879,18221,884,74220,896,83619,916,09618,938,31517,944,20016,946,43915,932,37214,903,47513,845,56812,893,77612,021,91111,144,74310,259,867

9,862,40610,068,973

9,566,6178,534,4227,498,1786,444,9015,382,1084,317,6453,322,6392,363,3191,389,932

784,432647,494506,791362,267213,200

62,3790

468,811423,582454,086406,125430,997384,114339,777297,341258,710223,068190,456159,972131,498105,252

80,75158,96740,72626,57514,978

7,0502,112

0000000000000000000000000000000000000000

260,505260,458252,077234,696217,315199,935182,553165,173147,792130,412113,031

95,67078,33361,00043,66726,333

9,00000000000000000000000000000000000000000000000

4,442,9844,575,6844,707,1844,834,4004,962,6605,093,4845,234,2345,354,6715,464,3445,503,4685,540,6665,579,7605,604,9885,596,5825,616,4135,617,9315,620,1775,621,7885,623,7265,625,6495,629,5305,634,8625,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,634,9265,518,7475,318,5915,120,3334,923,3634,245,9842,986,4812,464,8882,464,8882,464,8882,464,8882,464,8882,464,8882,411,3992,282,4832,154,9102,028,6471,902,9501,779,1701,738,2251,738,2251,738,2251,738,225

＊ There may be discrepancies in figure totals due to the treatment of fractions.

Appendix

Appendix

＊The majority of management expenses is consumption tax.－ 29 －

For detailed figures on individual cash budgets, please refer to the Agency website.http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 30－ － 31 －

料資考参

◆ Income and Expenditure Budget Statement (Companies)　

*There may be discrepancies in figure totals due to the treatment of fractions.

（As of September 1,2018） Unit : million yen (consumption tax included)Part unrelated to the

creation of new assets Part related to the creation of new assets

Income ExpenditureIncome

/Expenditurebalance

Income Expenditures Debts

Toll income

Plannedadministrative

expensesRent

paymentInterestbearing

debtsinterestfree

debts

Cost of newconstruction

andreconstructi

on

Cost ofrepairs

Cost ofrenewal

Cost ofpost-disasterreconstructio

n

Debt balanceat the

start ofthe term

Debts transferred to the AgencyInterest-bearing debts

DebtsInfrastructure

debtsInterestfree

debtsrelated to

constructionsuch as

specifiedrenewal

Other debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065

Total

2,531,6452,530,0102,400,3612,031,5152,090,6752,123,3812,259,5182,308,9252,689,9962,780,1462,832,3012,900,0592,783,1102,712,4832,716,8272,736,6932,753,3512,762,3232,789,0002,794,7472,823,4352,833,8792,835,0422,840,3652,837,4892,814,0852,807,0322,790,4262,769,6162,749,4482,716,4102,688,2742,660,5592,639,9042,606,8422,579,1232,552,1242,531,4082,498,9102,471,4132,444,5242,423,7392,391,6012,364,2732,337,5712,316,7062,285,0442,257,9822,231,5822,210,6502,179,4942,152,6552,126,3981,707,567

474,400470,101362,107268,639265,757132,180

138,975,818

530,147537,740529,217540,725568,517574,893605,456615,625632,508652,034710,069732,620707,373715,417721,191687,015690,356688,028687,906685,739683,950686,546685,689682,999682,997680,783683,039682,806680,852680,491679,085680,217680,845681,527682,108679,155676,572674,885672,550673,454668,127665,167663,117664,006664,401663,102662,954663,528663,704665,390664,082663,942663,912720,746114,367114,060107,945

69,18368,95549,474

36,303,273

1,971,2131,974,5961,862,3041,484,4421,518,0881,546,5591,652,4961,701,6882,060,5132,110,5132,112,9212,185,1692,075,7371,997,0661,995,6362,049,6782,062,9952,074,2952,101,0942,109,0082,139,4852,147,3332,149,3532,157,3662,154,4922,133,3022,123,9932,107,6202,088,7642,068,9572,037,3252,008,0571,979,7141,958,3771,924,7341,899,9681,875,5521,856,5231,826,3601,797,9591,776,3971,758,5721,728,4841,700,2671,673,1701,653,6041,622,0901,594,4541,567,8781,545,2601,515,4121,488,7131,462,486

986,821360,033356,041254,162199,456196,802

82,706102,604,064

617,219777,780799,100870,192712,846753,133804,217844,238999,383

1,156,2121,499,4181,478,0982,835,3342,074,8192,613,4711,208,290

961,7201,015,396

894,512660,038650,320643,897611,627484,408299,691331,843206,276187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

32,163,532

95,07685,93852,88948,26050,82473,09297,63348,32639,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

811,887

678,729740,337649,684808,338659,134695,342804,013670,552818,338834,976929,072

1,064,1001,664,8121,203,2951,678,496

340,497329,649371,057276,655114,074108,048109,803102,638

98,93188,365

147,57117,064

000000000000000000000000000000000

16,003,571

73,34689,907

104,460132,663123,130119,577148,812216,254257,830363,748296,605314,777561,492547,420571,731477,891235,012237,197226,284199,939194,432194,179194,372196,334211,326184,272189,212187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

12,022,261

00000000

2,69521,55855,380

120,232625,947347,171372,645396,491403,145411,132393,938349,906353,173339,979314,617189,143

000000000000000000000000000000000000

4,697,150

6,5147,770

12,2103,0934,924

20,30947,665

4,0678,7543,8959,803

40,479191,835

00000000000000000000000000000000000000000000000

361,318

1,041,6891,587,1351,807,3642,158,4372,257,2542,412,3702,772,7952,060,7792,342,2532,253,1492,380,1442,995,2673,082,6282,220,7962,703,3791,194,6121,239,5501,567,4091,158,086

642,761772,369773,007685,037494,577575,389553,116

84,119000000000000000000000000000000000

144,515528,469480,040720,765562,108452,810

1,532,258549,203

1,040,9701,058,104

780,3961,399,0543,709,5851,523,1094,081,9701,166,562

633,8751,424,5121,410,564

534,312638,651730,096802,086403,594321,965800,840290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

33,080,862

000000000

3,99025,79294,857

626,856305,837399,698338,173329,763356,611356,868293,454389,446370,818581,957223,030

000000000000000000000000000000000000

4,697,150

144,515528,469480,040720,765562,108452,810

1,532,258549,203

1,040,9701,054,114

754,6041,304,1973,082,7291,217,2723,682,272

828,389304,112

1,067,9011,053,696

240,858249,205359,278220,129180,564321,965800,840290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

28,383,712

080,861

073,559

00000000000000000000000000000000000000000000000000000000

154,420

22,33234,16120,97025,31146,44612,98981,61061,88786,676

8,759149,442

53,8286,842

92,15449,557

3,4865,9894,0831,550

016,363

1,83600000000000000000000000000000000000000

786,270

Appendix

Yokohama Mitsui Bldg. 5F, 1-1-2, Takashima, Nishi-ku,Yokohama City, Kanagawa, Japan 220-0011

・Address

TEL : 045-228-5977

(Kansai Department)3-5-7, Hommachi, Chuo-ku, Osaka City, Osaka,

Japan 541-0053 TEL : 06-6265-9360

Yokohama Sta.

Sogo

Sky Building

Porta Shopping Mall

LUMINE Yokohama

Hama-MiraiWalk

Katabira RiverYokohama

Mitsui Bldg.

YokohamaMitsui Bldg.

Shin-Takashima Sta.

Minato M

irai Ohashi Bridge

Yokohama Port

NissanGlobal

Headquarters Fuji Xerox

MarinosTown

Minatomirai LineGENTO

YOKOHAMA

East Exit

Exit G

Exit 2

Japan Expressway Holding and Debt Repayment AgencyKansai Department4f, Midosuji Honmachi Bldg.

Hommachi-dori

Osaka Municipal Subway M

idosuji Line Homm

achi Sta.

Kitamido

Exit No. 8Exit No. 7

Exit No. 1Exit No. 2

Takenaka

au shop

Convenience store (Daily Yamazaki)

Starbucks Coffee St. Regis Osaka

docomo shop

Tsuruya Golf

Exit No. 3

About the Agency

We will continue to do our best to enhance the transparency of our business, reduce the burden on the nation, and to securely pass on the next generation a safe and excellent expressway network.

・Name Japan Expressway Holding and Debt Repayment Agency・Corporate Status An independent administrative corporation based on Act on the

Japan Expressway Holding and Debt Repayment Agency, Independent

Administrative Agency

・Establishment October 1, 2005

・Representative Hiroki Watanabe , President

・Board members 6

・Staff members 84

・Organization Chart

Board memberAuditor

General AffairsDepartment

General Affairs Division

Management Division

Accounting Division

Funding Division

Planning Division

Project Planning andCoordination Division

Management Division

Coordination Division

Finance Department

Planning Department

Kansai Department

◆

For detailed figures on individual cash budgets, please refer to the Agency website.http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 30－ － 31 －

料資考参

◆ Income and Expenditure Budget Statement (Companies)　

*There may be discrepancies in figure totals due to the treatment of fractions.

（As of September 1,2018） Unit : million yen (consumption tax included)Part unrelated to the

creation of new assets Part related to the creation of new assets

Income ExpenditureIncome

/Expenditurebalance

Income Expenditures Debts

Toll income

Plannedadministrative

expensesRent

paymentInterestbearing

debtsinterestfree

debts

Cost of newconstruction

andreconstructi

on

Cost ofrepairs

Cost ofrenewal

Cost ofpost-disasterreconstructio

n

Debt balanceat the

start ofthe term

Debts transferred to the AgencyInterest-bearing debts

DebtsInfrastructure

debtsInterestfree

debtsrelated to

constructionsuch as

specifiedrenewal

Other debts

FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027FY 2028FY 2029FY 2030FY 2031FY 2032FY 2033FY 2034FY 2035FY 2036FY 2037FY 2038FY 2039FY 2040FY 2041FY 2042FY 2043FY 2044FY 2045FY 2046FY 2047FY 2048FY 2049FY 2050FY 2051FY 2052FY 2053FY 2054FY 2055FY 2056FY 2057FY 2058FY 2059FY 2060FY 2061FY 2062FY 2063FY 2064FY 2065

Total

2,531,6452,530,0102,400,3612,031,5152,090,6752,123,3812,259,5182,308,9252,689,9962,780,1462,832,3012,900,0592,783,1102,712,4832,716,8272,736,6932,753,3512,762,3232,789,0002,794,7472,823,4352,833,8792,835,0422,840,3652,837,4892,814,0852,807,0322,790,4262,769,6162,749,4482,716,4102,688,2742,660,5592,639,9042,606,8422,579,1232,552,1242,531,4082,498,9102,471,4132,444,5242,423,7392,391,6012,364,2732,337,5712,316,7062,285,0442,257,9822,231,5822,210,6502,179,4942,152,6552,126,3981,707,567

474,400470,101362,107268,639265,757132,180

138,975,818

530,147537,740529,217540,725568,517574,893605,456615,625632,508652,034710,069732,620707,373715,417721,191687,015690,356688,028687,906685,739683,950686,546685,689682,999682,997680,783683,039682,806680,852680,491679,085680,217680,845681,527682,108679,155676,572674,885672,550673,454668,127665,167663,117664,006664,401663,102662,954663,528663,704665,390664,082663,942663,912720,746114,367114,060107,945

69,18368,95549,474

36,303,273

1,971,2131,974,5961,862,3041,484,4421,518,0881,546,5591,652,4961,701,6882,060,5132,110,5132,112,9212,185,1692,075,7371,997,0661,995,6362,049,6782,062,9952,074,2952,101,0942,109,0082,139,4852,147,3332,149,3532,157,3662,154,4922,133,3022,123,9932,107,6202,088,7642,068,9572,037,3252,008,0571,979,7141,958,3771,924,7341,899,9681,875,5521,856,5231,826,3601,797,9591,776,3971,758,5721,728,4841,700,2671,673,1701,653,6041,622,0901,594,4541,567,8781,545,2601,515,4121,488,7131,462,486

986,821360,033356,041254,162199,456196,802

82,706102,604,064

617,219777,780799,100870,192712,846753,133804,217844,238999,383

1,156,2121,499,4181,478,0982,835,3342,074,8192,613,4711,208,290

961,7201,015,396

894,512660,038650,320643,897611,627484,408299,691331,843206,276187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

32,163,532

95,07685,93852,88948,26050,82473,09297,63348,32639,15837,64545,54457,79819,26223,027

9,2906,6946,0013,8762,2773,8815,332

6400000000000000000000000000000000000000

811,887

678,729740,337649,684808,338659,134695,342804,013670,552818,338834,976929,072

1,064,1001,664,8121,203,2951,678,496

340,497329,649371,057276,655114,074108,048109,803102,638

98,93188,365

147,57117,064

000000000000000000000000000000000

16,003,571

73,34689,907

104,460132,663123,130119,577148,812216,254257,830363,748296,605314,777561,492547,420571,731477,891235,012237,197226,284199,939194,432194,179194,372196,334211,326184,272189,212187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

12,022,261

00000000

2,69521,55855,380

120,232625,947347,171372,645396,491403,145411,132393,938349,906353,173339,979314,617189,143

000000000000000000000000000000000000

4,697,150

6,5147,770

12,2103,0934,924

20,30947,665

4,0678,7543,8959,803

40,479191,835

00000000000000000000000000000000000000000000000

361,318

1,041,6891,587,1351,807,3642,158,4372,257,2542,412,3702,772,7952,060,7792,342,2532,253,1492,380,1442,995,2673,082,6282,220,7962,703,3791,194,6121,239,5501,567,4091,158,086

642,761772,369773,007685,037494,577575,389553,116

84,119000000000000000000000000000000000

144,515528,469480,040720,765562,108452,810

1,532,258549,203

1,040,9701,058,104

780,3961,399,0543,709,5851,523,1094,081,9701,166,562

633,8751,424,5121,410,564

534,312638,651730,096802,086403,594321,965800,840290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

33,080,862

000000000

3,99025,79294,857

626,856305,837399,698338,173329,763356,611356,868293,454389,446370,818581,957223,030

000000000000000000000000000000000000

4,697,150

144,515528,469480,040720,765562,108452,810

1,532,258549,203

1,040,9701,054,114

754,6041,304,1973,082,7291,217,2723,682,272

828,389304,112

1,067,9011,053,696

240,858249,205359,278220,129180,564321,965800,840290,395187,955191,096186,989187,933190,316189,900190,413191,209191,288191,377191,884190,358188,461188,858190,088193,134188,875193,948197,398201,517198,304197,495196,668195,346196,791195,814158,379

46,32146,32135,84726,71628,67914,377

28,383,712

080,861

073,559

00000000000000000000000000000000000000000000000000000000

154,420

22,33234,16120,97025,31146,44612,98981,61061,88786,676

8,759149,442

53,8286,842

92,15449,557

3,4865,9894,0831,550

016,363

1,83600000000000000000000000000000000000000

786,270

Appendix

Yokohama Mitsui Bldg. 5F, 1-1-2, Takashima, Nishi-ku,Yokohama City, Kanagawa, Japan 220-0011

・Address

TEL : 045-228-5977

(Kansai Department)3-5-7, Hommachi, Chuo-ku, Osaka City, Osaka,

Japan 541-0053 TEL : 06-6265-9360

Yokohama Sta.

Sogo

Sky Building

Porta Shopping Mall

LUMINE Yokohama

Hama-MiraiWalk

Katabira RiverYokohama

Mitsui Bldg.

YokohamaMitsui Bldg.

Shin-Takashima Sta.

Minato M

irai Ohashi Bridge

Yokohama Port

NissanGlobal

Headquarters Fuji Xerox

MarinosTown

Minatomirai LineGENTO

YOKOHAMA

East Exit

Exit G

Exit 2

Japan Expressway Holding and Debt Repayment AgencyKansai Department4f, Midosuji Honmachi Bldg.

Hommachi-dori

Osaka Municipal Subway M

idosuji Line Homm

achi Sta.

Kitamido

Exit No. 8Exit No. 7

Exit No. 1Exit No. 2

Takenaka

au shop

Convenience store (Daily Yamazaki)

Starbucks Coffee St. Regis Osaka

docomo shop

Tsuruya Golf

Exit No. 3

About the Agency

We will continue to do our best to enhance the transparency of our business, reduce the burden on the nation, and to securely pass on the next generation a safe and excellent expressway network.

・Name Japan Expressway Holding and Debt Repayment Agency・Corporate Status An independent administrative corporation based on Act on the

Japan Expressway Holding and Debt Repayment Agency, Independent

Administrative Agency

・Establishment October 1, 2005

・Representative Hiroki Watanabe , President

・Board members 6

・Staff members 84

・Organization Chart

Board memberAuditor

General AffairsDepartment

General Affairs Division

Management Division

Accounting Division

Funding Division

Planning Division

Project Planning andCoordination Division

Management Division

Coordination Division

Finance Department

Planning Department

Kansai Department

◆

For detailed figures on individual cash budgets, please refer to the Agency website.http://www.jehdra.go.jp/syuusiyosanmeisai.html

－ 32 － － 33 －

TakamatsuOsaka

NagoyaTokyo

Niigata

Sendai

Aomori

Naha

Fukuoka

Kagoshima

Hiroshima

Kobe Osaka

KyotoSaitama

Tokyo

Yokohama

Chiba

LEGENDEast tseW・lartneC・Nippon Expressway Co., Ltd.

Honshu-Shikoku Bridge Expressway Co., Ltd.

Metropolitan Expressway Co., Ltd.

Hanshin Expressway Co., Ltd.

Others

Sections highlighted in blue have been made available.

Section under construction

Sections highlighted in green have been made available.

Section made availableSection under construction

Section made availableSection under construction

Section made availableSection under construction or investigation

6 lanes 4 lanes 2 lanes

6 lanes 4 lanes 2 lanes

As of 1st Sep, 2018

IC・JCT names in sections under construction are temporary names.

Metropolitan

West Nippon

The Keihanshin district area

Hanshin

The Metropolitan area

East Nippon

Honshu-ShikokuCentral Nippon

Expressway Network

October, 2018

　

　

　

JAPAN EXPRESSWAY HOLDINGAND

DEBT REPAYMENT AGENCY

Yokohama Mitsui Bldg. 5F, 1-1-2, Takashima, Nishi-ku,Yokohama City, Japan 220-0011TEL. +81-45-228-5977http://www.jehdra.go.jp

Japan Expressway Holding and Debt Repayment Agency