Central Nippon Expressway Company Limited (E04371) Stock Price

Central Japan Expressway Company is a road operator responsible for constructing, managing, and operating expressways across one metropolitan area and 11 prefectures, centered on the Tokai region. The company manages major expressway networks including the Tomei Expressway, Chuo Expressway, and Tokai-Hokuriku Expressway, providing safe and comfortable road transportation infrastructure. It also operates rest areas attached to expressways and engages in various related businesses.

The company's primary customers are expressway users and businesses, with toll revenue serving as its main revenue source. Toll revenue is allocated to lease payments to the Japan Expressway Holding and Debt Repayment Agency and road maintenance costs, with rates set to prioritize public interest and exclude profit margins. The rest area business generates additional revenue from commercial facilities and gas stations, establishing a stable revenue base.

Operations are divided into three segments: expressway business, rest area business, and other related businesses. The expressway business handles toll collection, traffic management, inspection, and maintenance in coordination with subsidiaries. The rest area business operates commercial facilities and vending machines at 205 rest areas. Other businesses include commissioned construction projects from national and local governments, real estate development, tourism promotion, and overseas infrastructure projects, diversifying revenue streams.

Central Japan Expressway Company is advancing its management plan "Challenge V" through fiscal year 2025, deploying a growth strategy centered on safety improvements and enhanced expressway functionality. The company has established four management policies: "deepening continuous efforts toward safety enhancement," "strengthening expressway functions and evolving expressway spaces for broader customer use," "pursuing new value creation adapted to environmental changes such as digitalization and decarbonization," and "reinforcing management foundations." The company is conducting business operations with a long-term perspective spanning over 20 years since privatization.

In priority investment areas, the company continues to invest in expressway functionality enhancements through new openings and expansion to four and six lanes, while steadily implementing measures for aging infrastructure and intensifying natural disasters. The company has formulated comprehensive "five action principles" ranging from fostering a corporate culture prioritizing safety to addressing structural deterioration, differentiating itself from competitors. Additionally, by evolving expressway spaces from mere "transportation" corridors into broadly utilized spaces, the company aims to create new revenue opportunities.

In new market development, the company actively promotes adoption of new technologies and services responding to next-generation transportation systems such as CASE (connected, automated, shared, and electric) and MaaS (mobility as a service). The company clearly demonstrates its commitment to creating new value through collaboration with customers and communities, leveraging its proprietary technologies and expertise, while advancing business expansion and revenue diversification.

In technological innovation efforts, the company positions productivity improvement through digitalization and decarbonization as critical priorities. The company integrates environmental conservation activities including CO2 reduction with business operations, practicing ESG management through contributions to sustainable society realization. These initiatives are systematized as priority themes of CSR activities and promoted as concrete action plans toward addressing social issues and achieving the SDGs, constituting a strategy that drives long-term corporate value enhancement.