Notice Concerning Controlling Shareholder

Central Japan Railway Company is the parent company of Nippon Sharyo, Ltd. (the “Company”) and holds 51.2% of the voting rights of the Company. The Company sells railcars, such as Shinkansen rolling stock, cars used for limited express trains, and cars used for commuter trains, and machinery and equipment to its parent company Central Japan Railway Company, and sales to Central Japan Railway Compa