the 1st Green Bonds

1．Details of the Green Bond

Details of the Green Bond
Bond name	Kyushu Railway Company 8th Issuance of unsecured bonds (with specific inter-bond pari passu clause) (Green Bond)
Tenor	10 years
Issue size	JPY20billion
Offering date	April 9, 2021
Payment date	April 15, 2021
Interest rate	0.265％
Use of proceeds	New types of energy-saving train cars and disaster preparedness railway work for Kyushu Shinkansen , renovation of employee training center
Bond rating	AA-(Rating and Investment Information, Inc.(R＆I))

2．Investment Announcements for JR Kyushu Green Bond

We introduce the investors who have announced that they invest in this green bond.

（As of April 9, 2021 / In the order of Japanese syllabary）

・Asset Management One Co., Ltd.

・IIZUKA SHINKIN BANK(iiSHiN)

・Kagoshima Prefectural Credit Federation of Agricultural Cooperatives

・KAGOSHIMA SHINKIN BANK

・Kumamoto Chuo Shinkin Bank

・The Juroku Bank, Ltd.

・SUMITOMO LIFE INSURANCE COMPANY

・SUWA SHINKIN BANK

・Japan Ceremonial Occasion Mutual Aid Society

・THE DAIDO FIRE AND MARINE INSURANCE CO., LTD.

・DaitokyoShinkumi Credit Cooperative

・Too Shinkin Bank

・Tokio Marine Asset Managemant Co., Ltd

・Tokio Marine＆Nichido Fire Insurance Co., Ltd.

・Tokyo City Shinkin Bank

・TONO SHINKIN BANK

・GAKKOHOJIN NAKAMURASANGYOGAKUEN

・Nissay Asset Management Corporation

・The Promotion and Mutual Aid Corporation for Private Schools of Japan

・The Hanno-Shinkin Bank

・THE HIRATSUKA SHINKIN BANK

・THE FUKUOKA CHUO BANK, LTD.

・MIYAZAKI DAIICHI SHINKIN BANK

・MINAMI NIPPON BANK

・The Rokinren Bank

3．Green Bond Framework

JR Kyushu has developed the Green Bond Framework based on the International Capital Market Association Green Bond Principles 2018 (ICMA GBP 2018) and the Ministry of Environment of Japan Green Bond Guidelines 2020 (GBG 2020).

Kyushu Railway Company Green Bond Framework PDF

　 (Note) Some descriptions mentioned in the framwork have been changed as below.

　　2.2 Process for Project Evaluation and Selection

　　・"The Executive Officer and General Manager of the Finance and　Accounting Department"

　　　 → " The General Manager of the Finance and　Accounting Department"

　　・"the Ecology Committee" → "the ESG Strategy Committee"

4．External Reviews

Second-Party Opinion

JR Kyushu has commissioned Sustainalytics to provide a Second-Party Opinion to ensure alignment with ICMA GBP 2018 and GBG 2020.

Sustainalytics Second-Party Opinion PDF

Green Bond Assessment

JR Kyushu has received “GA1” evaluation, the highest level of R&I Green Bond Assessment which evaluates the extent to which raised funds are used to resolve environmental issues.

R&I Green Bond Assessment PDF

5．Reporting

Once per year, we will disclose on our website reporting related to the use of proceeds and the environmental benefits.

The Report on Kyushu Railway Company 8th Issuance of unsecured bonds (Green Bond) PDF
　(as of the end of March 2021)

The Report on Kyushu Railway Company 8th Issuance of unsecured bonds (Green Bond) PDF
　 (as of the end of March 2022)

The Report on Kyushu Railway Company 8th Issuance of unsecured bonds (Green Bond) PDF
　 (as of the end of March 2023)

The Report on Kyushu Railway Company 8th Issuance of unsecured bonds (Green Bond) PDF
　 (as of the end of March 2024)