FOR YOUR CONVENIENCE TRANSLATION ONLY. Reference Data. 5 June 2002 Explanatory Meeting for Investors. Tokyu Corporation (9005)

Transcription

1 FOR YOUR CONVENIENCE TRANSLATION ONLY Reference Data 5 June 22 Explanatory Meeting for Investors Tokyu Corporation (95)

2 Tokyu Area Location of Tokyu Area Regional Map of Tokyu Area Population of Tokyu Area (Entire population & ~4 years of age) Population of Tokyu Area (Transition) Transition of Land Prices in Tama Garden City (Tama Den-en Toshi) Contents Railway 1 Transition of Passenger Revenues Transition of Passenger Volume Transition of Passenger Kilometers Index Comparison of Passenger Volume Variation Ratio against previous year Average land price of residential area by railway line 6 within the sphere of Tokyo Effect of Operational Change 24 in Meguro Line and Toyoko Line Comparison of 3 Sub-Centers in Tokyo 7 (Shibuya, Shinjuku, Ikebukuro) New Lines Planned to Connect with Tokyu Lines 25 Facility Major Leased Buildings of Tokyu Group 8 Mutual through train service between Toyoko Line and Eidan Line No.13 Commercial Facilities of Tokyu Group 9 its communications Inc. Tokyu Group Hotels 1 (former Tokyu Cable Television Co.,Ltd.) Re-organization of Tokyu Group Domestic Hotels 11 Financial Highlight 27 Tokyu Group Hotels in Shibuya 12 Transition of Operating Revenues 28 Leisure Facilities of Tokyu Group 13 Number of Subscribers Major Facilities Related to Tokyu Group in Shibuya 14 Number of Subscribers Shibuya Mark City and Cerulean Tower 15 Others Grandberry Mall 16 Outline of Employees 31 Newly Opened Building (Meguro) 17 Comparison of Shareholder s Distributions 32 Construction in progress (Nihombashi) Redevelopment Project for the area along the Tokyu Lines (Futako-tamagawa) Transition of Stock Price Transition of Total Market Capitalization

3 Tokyu Area Location of Tokyu Area CHINA RUSSIA NORTH KOREA JAPAN Maebashi Utsunomiya SOUTH KOREA Tokyo Mito Urawa Tokyo Chiba Yokohama Tokyu Lines JR Lines Other Major Private Railways 1

4 Tokyu Area Regional Map of Tokyu Area 3km Tokyu Lines JR Lines Other Major Private Railways Chuo-Rinkan Kodomonokuni Nagatsuta 2km Aobadai Futako-Tamagawa 1km Shimotakaido Sangenjaya Jiyugaoka Mizonokuchi Den-en Chofu Tamagawa Musashi-Kosugi Tama-Plaza Kikuna Hiyoshi Tokyo Shibuya Nakameguro Meguro Gotanda Ookayama Oimachi Hatanodai Kamata Area along the Tokyu Lines (Definition of 17 City & Wards of Tokyu Lines ) Area : 489k m2 (approx. 1/3 of London) (approx. 8 times the area of Manhattan) Population : 4.61million(approx. 2/3 of London) (approx. the same as Norway) Household : 2.13million Taxable Income / person : approx. 1.4 times national average Consumption / household : approx. 1.2 times national average Total Consumption : 9,6 billion yen ( Approx. the national annual expenditure of Sweden) its communications ( former Tokyu Cable Television) service area Coverage : approx. 955, households 4km Yokohama Sakuragicho Tama Den-en Toshi (Tama Garden City) Area : 5km2 Population : approx. 54, 2

5 Tokyu Area Population of Tokyu Area (Entire population & ~4 years of age) (Data as of 31 March each year) Entire Population Fluctuation rate -4 years of age Fluctuation rate City / Ward Name / / / /2 Persons Persons Persons % % Persons Persons Persons % % Whole Country 124,914, ,71,35 126,284, ,952,872 5,93,183 5,898, Tokyo Metropolis 11,542,468 11,743,189 11,818, , , , Kanagawa Prefecture 8,172,1 8,37,292 8,425, ,458 4,975 44, Chiba Prefecture 5,778,793 5,893,166 5,92, , ,79 274, Saitama Prefecture 6,718,268 6,87,3 6,898, , , , Sub Total 32,211,53 32,876,65 33,63, ,464,223 1,485,553 1,494, Tokyo (23 Wards) 7,817,332 7,919,771 7,969, ,561 35,496 39, Yokohama City 3,281,27 3,375,772 3,43, , , , Kawasaki City 1,178,564 1,218,233 1,23, ,947 61,669 62, Shinagawa Ward 315,75 317, , ,299 1,367 1, Meguro Ward 235, , , ,76 7,888 8, Ohta Ward 633,12 638, , ,429 25,38 25, Setagaya Ward 76,98 778, , ,186 28,345 28, Shibuya Ward 182,63 187,79 19, ,276 5,71 5, Machida City 356,88 37, , ,575 15,476 16, Kanagawa Ward 22,192 25,449 27, ,467 8,666 8, Nishi Ward 74,486 76,471 77, ,88 2,773 2, Naka Ward 11, , , ,158 4,362 4, Kohoku Ward 275, ,91 29, ,391 14,1 14, Midori Ward 147, , , ,828 8,59 8, Aoba Ward 246,12 264,452 27, ,382 15,96 16, Tsuzuki Ward 119,722 15, , ,198 1,93 11, Nakahara Ward 186, , , ,358 9,953 1, Takatsu Ward 169,64 176, , ,39 9,612 9, Miyamae Ward 185, , , ,81 12,13 12, Yamato City 22,84 29,611 21, ,424 1,98 1, Total : Tokyu Area 4,45,17 4,562,979 4,613, ,334 2,349 23, Tokyu Area in Tokyo 2,483,972 2,532,353 2,552, ,471 93,94 94, Tokyu Area in Kanagawa 1,921,198 2,3,626 2,61, ,863 17,255 18, Total : Tokyu Area 4,45,17 4,562,979 4,613,644 *1 4.7 * ,334 2,349 23,935 *2 8.3 *2 1.8 *1 Tokyu area has a tendency to increase in population *2 Tokyu area has no tendency to decline in the number of births 3

6 Tokyu Area (Data as of 31 March each year) Area Population of Tokyu Area (Transition) Entire Population Fluctuation rate / / /198 2/199 21/2 Persons Persons Persons Persons Persons Persons % % % % % Whole Country 95,94,272 13,521, ,194, ,744, ,71,35 126,284, Tokyo Metropolis 9,232,627 11,94,578 11,357,337 11,639,293 11,743,189 11,818, Kanagawa Prefecture 3,333,242 5,295,473 6,829,812 7,847,465 8,37,292 8,425, Chiba Prefecture 2,371,135 3,284,527 4,672,147 5,488,123 5,893,166 5,92, Saitama Prefecture 2,439,742 3,739,898 5,328,412 6,294,96 6,87,3 6,898, Sub Total 17,376,746 23,414,476 28,187,78 31,269,841 32,876,65 33,63, Tokyo (23 Wards) 8,31,27 8,628,72 8,179,291 8,46,16 7,919,771 7,969, Yokohama City 1,375,71 2,173,469 2,755,186 3,175,989 3,375,772 3,43, Kawasaki City 632, ,872 1,15,962 1,139,622 1,218,233 1,23, Shinagawa Ward 427, , , ,58 317, , Meguro Ward 293, , , , , , Ohta Ward 76, , ,14 648, , , Setagaya Ward 653,21 744, , , , , Shibuya Ward 282, , ,545 23, ,79 19, Machida City 71, , ,81 343,52 37, , Kanagawa Ward 172,68 24,537 2,59 2,369 25,449 27, Nishi Ward 14,173 97,877 79,92 75,516 76,471 77, Naka Ward 123, , ,46 112,89 115, , Kohoku Ward 147, ,13 266, , ,91 29, Midori Ward 132, , ,5 154, , Aoba Ward 264,452 27, Tsuzuki Ward 15, , Nakahara Ward 134,217 26, , , , , Takatsu Ward 66, , , ,6 176, , Miyamae Ward 173, , , Yamato City 4,975 96, ,78 19,188 29,611 21, Total : Tokyu Area 3,224,475 3,858,856 4,121,785 4,349,839 4,562,979 4,613, Kohoku Ward Set up of Ward in Takatsu Ward Kohoku & Midori divided into Kawasaki City divided into Wards divided into Kohoku Ward & Birth of Nakahara Takatsu Ward & Kohoku, Midori, Midori Ward Ward and Takatsu Miyamae Ward Aoba and Tsuzuki Ward Wards Tokyu Area in Tokyo 2,435,7 2,587,64 2,546,926 2,545,435 2,532,353 2,552, Tokyu Area in Kanagawa * 789,468 1,271,252 1,574,859 1,84,44 2,3,626 * 2,61, Total : Tokyu Area 3,224,475 3,858,856 4,121,785 4,349,839 4,562,979 4,613, * Population of Tokyu Area in Kanagawa increased 2.6 times (196~21) after developing Tama Garden City 4

7 Tokyu Area Transition of Land Prices in Tama Garden City (Tama Den-en Toshi) 8, (yen/ m2 ) 7, Posted and Benchmark Land Prices of Tama Garden City 6, Posted Land Price Benchmark Land Price 5, 4, 3, * Fluctuation rates of posted land prices of residential areas in Tokyo by railway line (Variance vs. previous year %) Railroad Line 1/1996 1/1997 1/1998 1/1999 1/2 1/21 1/22 lnner City Along and inside the Yamanote Loop Line Visinity of Keihin Express & Yokosuka Line , 1, Southern Area Western Area Northern Area Eastern Area Vicinity of Tokaido Line Vicinity of Toyoko Line Vicinity of Den-en Toshi Line Vicinity of Odakyu Line Vicinity of Keio Line Vicinity of Chuo Ome Line Vicinity of Seibu Shinjuku Line Vicinity of Seibu Ikebukuro Line Vicinity of Tobu Tojo Line Vicinity of Tohoku Line & Takasaki Line Vicinity of Tobu Isezaki Line Vicinity of Joban Line Vicinity of Sobu Line & Keisei Line ,9 yen(as of Jan.22) 1/1985 1/1986 1/1987 1/1988 1/1989 1/199 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2 1/21 1/22 5

8 Tokyu Area Average land price of residential area by railway line within the sphere of Tokyo 6, (Yen/ m2 ) As of Jan. 22 5, Although land prices in the suburb tend to decline, area along-side Tokyu lines has only slightly been affected because of its status as the selected railway line 4, JR Tokaido Line Tokyu Toyoko Line 3, Tokyu Den-en Toshi Line Keio Line 2, Odakyu Line 1, 1~15 15~2 2~25 25~3 (km) Distance from Tokyo Station JR Sobu Line Keisei Line 6

9 Tokyu Area Comparison of 3 Sub-Centers in Tokyo (Shibuya,Shinjuku,Ikebukuro) *Comparison of Passengers Using Each Station (thousand persons / day) 3,5 3, 2,5 2, 1,5 1, 5 5, 4, 3, 2, 1, Shibuya Shinjuku Ikebukuro (thousand persons / day) Shibuya Shinjuku Ikebukuro ,34 2,954 2, ,682 3,444 3, ,71 3,479 2, ,71 3,432 2,75 *Comparison of the Number and Floor Space of Large-Scale Retail Stores (m 2 ) Shibuya Shinjuku Ikebukuro Shibuya Shinjuku Ikebukuro No. of Stores Floor Space( m2 ) 234,61 479,29 348,934 (m 2 ) 2,5, 2,, 1,5, 1,, 5, Shibuya Shinjuku Ikebukuro (m 2 ) Shibuya Shinjuku Ikebukuro Shibuya Mark City 27, Cerulean Tower 16, Others 863,8 2,24, ,484 Total 97,153 2,24, ,484 (rooms) 8, 6, 4, 2, *Comparison of Space of Leased Offices Cerulean Tower Shibuya Mark City Others *Comparison of the Number of Hotel Rooms Tokyu Inn Excel Hotel Tokyu Tokyu Hotel Others Shibuya Shinjuku Ikebukuro (rooms) Shibuya Shinjuku Ikebukuro Shibuya Tokyu Inn Shibuya Excel Hotel Tokyu Cerulean Tower Tokyu Hotel Others 78 7,146 3,397 Total 1,753 7,146 3,397 Supply of office space,retail stores and hotel rooms in Shibuya are insufficient considering the number of passengers at Shibuya Station. 7

10 Facility Major Leased Buildings of Tokyu Group 3km 2km 1km Sangenjaya Meguro Shibuya Tokyo Shibuya Mark City (Opened April,2) Carrot Tower Futako-Tamagawa Setagaya Business Square Jiyugaoka Tama-Plaza Shinagawa Oimachi JR Tokyu Meguro Building (Opened April,22) Chuo-Rinkan Nagatsuta Tama Garden City Meguro Kamata Kawasaki Cerulean Tower (Opened April,21) Queen s Square Yokohama Yokohama Nihonbashi 1-chome Project (Completion Planned Spring,24) Name of Building Setagaya Business Square Carrot Tower Queen's Square Yokohama Shibuya Mark City Cerulean Tower (Joint Project) (Joint Project) (Joint project) Tokyu Corp. Mitsubishi Estate JGC Corp. Yokohama City Teito Rapid Transit Authority Business Owner (Redevelopment Project) TRY 9 Business Association Tokyu Corp. Tokyu Corp. Tokyu Land Corp. (Composed of Tokyu YMM Properties + 8 other parties) Keio Electric Railway Site Location Setagaya-ku, Tokyo Setagaya-ku, Tokyo Nishi-ku, Yokohama Shibuya-ku, Tokyo Shibuya-ku, Tokyo Date of Starting Construction Oct., 199 Oct., 1992 Feb., 1994 April, 1994 Nov., 1997 Opening Date Nov., 1993 Nov., 1996 July, 1997 April, 2 April, 21 Use Offices, Shops Offices, Shops, Other facilities Offices, Hotel,Shops Offices, Hotel, Shops Offices, Hotel, Other facilities Total Floor Space Approx. 96,m 2 Approx. 77,m 2 Approx. 495,m 2 Approx. 139,m 2 Approx. 16,m 2 2 basement floors and 29 floors 1 tower 5 basement floors and 27 floors Tower A : 5 basement floors and 36 floors East : 2 basement floors and 25 floors 6 basement floors and 41 floors 2 basement floors and 5 floors 3 towers Tower B : 5 basement floors and 28 floors West : 1 basement floor and 23 floors Structure Scale 1 basement floor and 6 floors 1 tower Tower C : 5 basement floors and 21 floors 2 basement floors and 2 floors 3 towers Commercial Section : 3 basement floors and 6 floors Hotel Section : 3 basement floors and 25 floors Contribution by Tokyu Corp. Approx. 28 billion yen Approx. 6 billion yen (Construction Cost) (Floor acquisition cost etc.) - Approx. 16 billion yen Approx. 43 billion yen JR Tokyu Meguro Building (Joint Project) East Japan Railway Tokyu Corp. Shinagawa-ku, Tokyo Nihonbashi 1-Chome Project (Joint Project) Mitsui Fudosan Tokyu Corp. Tokyu Land Corp. Chuo-ku, Tokyo March, 2 July, 21 April, 22 Offices, Shops, Other facilities Spring, 24 (plan) Offices, Shops, Other facilities Approx. 52,m 2 Approx. 98,3m 2 4 basement floors and 17 floors A Section : 4 basement floors and 2 floors Approx. 9 billion yen B Section : 2 basement floors and 2 floors Approx. 9 billion yen 8

11 Facility Commercial Facilities of Tokyu Group Speciality Stores Shopping Centers Shops Spice Box Tokyu Jumbo Daikanyama Place Comparison of sales volume with major supermarkets and department stores Shibuya Grandberry Mall Shibuya Nishiguchi Minamiaoyama Place * based on non-consolidated financial statements ( FY21 ) ( 1million ) Shibuya Higashiguchi Shibuya Mark City yoga QFRONT Daiei 16,655 Futakotamagawa Tokyu Square Garden-Site Kajigaya Hachioji Tokyu Square Miyazakidai Queens Square Yokohama [at!] AEON 15,913 Miyamaedaira Tama Plaza Tokyu S.C. 1 Saginuma Aobadai Tokyu Square Ito Yokado 14,91 Tama plaza The Izu Kogen Yamamo Plaza Tokyu Life Plaza[Boomin Esaka] Azamino Tokyu Eda Plaza[O'ts] SEIYU 7,455 SHIBUYA 19 Ichigao 19-2 Aobadai ONE-OH-NINE Tokyu Store Chain 2,659 Nagatsuta ONE-OH-NINE 3s Chuo-rinkan Kohrinbo19 Jiyugaoka Kohoku Tokyu S.C. 2 Takashimaya 9,848 Todoroki 19 Utsunomiya Den-en-chofu Shibuya Tokyu Plaza Mitsukoshi 6,82 Hiyoshi Kamata Tokyu Plaza Kamata Jiyugaoka Tokyu Plaza Shashin-yume-kobo Yokohama Akasaka Tokyu Plaza Marui 4,431 Photo Plaza DP Express Sapporo Tokyu Plaza Aoyama Media Kobo Fujisawa Tokyu Plaza Total 24 Stores Tokyu Hiyoshi Station Building 3 ISETAN 4,45 TSUTAYA Machida Terminal Plaza 4 Hatanodai Total 29 Stores Tokyu Department Store 2,54 Ookayama Department Stores Futakotamagawaen-ekimae Tokyu Department Store Miyazakidai-ekimae Shibuya(Head Store) 2, 4, 6, 8, 1, 12, 14, 16, 18, Total 4 Stores Shibuya(Toyoko Store) Family Mart Kichijoji Machida Sapporo Supermarkets Tokyu Store(GMS) Karakida Musashi-kosugi Heiwa Seibu-shinjuku-ekimae Nakano-chuo4chome Tama plaza 1 Akiruno Koenji Yokohama Prom Yamahana Nishi-Azabu-1chome Kohoku 2 Gotanda Shibuya Yokohama chikagai Hiraoka Higashi-zyuzyo-kitaguti Hiyoshi 3 Omori Shimizudai Yokodai Shin-ei akabane Queen's East ( Yokohama ) Jiyugaoka Senzoku Tachibanadai Fujino Ebaranakanobu-ekimae Nagano Nakano Zoshiki Eda Nishisen 6 jo Total 6 Stores Kitami Chofu Tadao Tana Miyanomori am/pm Total 11 Stores Kanamachi Tsukushino Fujigaoka Kita-hiroshima Kasumigaseki-building 1~ 3 are inside each shopping center Sangenjaya Toritsudaigaku Futamatagawa Fukui Setagaya Business Square DIY Takashimadaira Nagahara Koganehara Ainosato Tokyu-mizonokuchi-ekimae Tokyu Hands Syonan Naka-meguro Toke-ekimae Asabu Tokyu-minami-machida-ekimae Shibuya Chuo-rinkan Higashi-nagasaki Fusa Maruyama Shibuya-yahatabashi Shinjuku Nakayama Bunka-tokusengai Masuo Makomanai Tokyu-tamagawa-eki Ikebukuro Saginuma Futakotamagawa Ageo Total 2 Stores Isehara Magome Kita-koshigaya Dinner Bell Tokyu-suzukakedai-eki Futakotamagawa Susukino Mitaka Komamusashidai Kinohana Tokyu-eda-ekimae Yokohama Sugita Mitaka Center Soka-matsubara Kaminopporo Tokyu-ookayama-eki Machida 4 Kamakura Musashi-koyama Total 62 Stores Susukinominami 7 jo Tokyu-futakotamagawa-eki Fujisawa Toke-asumigaoka Meguro Precce Shindo-nishi Total 1 Stores Shinsaibashi Wako Yukigaya Den-en-chofu Hokudaimae Community HUB Esaka Toride Yaguchi Futakotamagawa Mikaho SBS Sannomiya Shimoda Yutenji Minami-machida Kanjohigashi-ekimae Queens Square Hiroshima Tukushino Azamino Nakameguro Total 7 Stores Total 2 Stores Sapporo Total 22 Stores Tokyuseisenplaza Okurayama Meguro Kitami Tokyu Store Nagoya Tokyu Mediastation (FC) Tokyu Store Kanazawa sea side Utsukushigaoka Koei Nagoya Annex Aobadai (FC) Aoyama Kashiwadai Total 6 Stores Piasondori out-parts Nagatsuta Ayase Kajigaya Wakaba natulabo Futakotamagawa Asagaya Kikuna Sapporo Tokyu Store Kiyomi HANDS SELECT Azamino Ichinoe Shirane Gyokeidori Tokyu Total 17 Stores Jiyugaoka SSC Musashi-koganei Shin-maruko Toyohira Total 5 Stores Tokyu Arte Ebara-nakanobu Tsunashima Hokuei Sun Plaza Izu Hiyoshi Toyohira Ookayama Negishi Hiragishi-terminal Izukogen Ookayama Hiraoka Kamata Higashi-rinkan Nango 13 chome Kawana Total 7 Stores Ainosato Gakugeidaigaku Mizonokuchi Nango 7 chome Total 2 Stores ranking ranqueen Total 3 Stores Kamiikedai Miyazakidai Jieitai-ekimae Total 1 Store 4 is inside shopping center 9

12 Facility TOKYU HOTELS TOKYU HOTEL No. of Rooms SapporoTokyu Hotel 263 Capitol Tokyu Hotel 454 Cerulean Tower Tokyu Hotel 414 Haneda Tokyu Hotel 36 Tokyo Bay Hotel Tokyu 71 Numazu Tokyu Hotel 12 Nagoya Tokyu Hotel 562 Kyoto Tokyu Hotel 432 Osaka Tokyu Hotel 336 Kagoshima Tokyu Hotel 26 1 locations 3,794 EXCEL HOTEL TOKYU Sapporo Excel Hotel Tokyu 388 Sendai Excel Hotel Tokyu 32 Shibuya Excel Hotel Tokyu 48 Akasaka Excel Hotel Tokyu 535 Yokohama Excel Hotel Tokyu 212 Narita Excel Hotel Tokyu 712 Toyama Excel Hotel Tokyu 21 Kanazawa Excel Hotel Tokyu 236 Hakata Excel Hotel Tokyu 38 9 locations 3,311 TOKYU INN Kitami Tokyu Inn 127 Kushiro Tokyu Inn 15 Obihiro Tokyu Inn 171 Sapporo Tokyu Inn 566 City Hirosaki Hotel 141 Sakata Tokyu Inn 94 Fukushima Tokyu Inn 118 Iwaki Tokyu Inn 133 Niigata Tokyu Inn 39 Ueda Tokyu Inn 133 Matsumoto Tokyu Inn 16 Maebashi Tokyu Inn 183 Shibuya Tokyu Inn 223 Shimbashi Atagoyama Tokyu Inn 429 Omori Tokyu Inn 197 Kichijoji Tokyu Inn 234 Nagoya Sakae Tokyu Inn 297 Nagoya Marunouchi Tokyu Inn 187 Wakayama Tokyu Inn 165 Osaka Tokyu Inn 42 Shin -Osaka Esaka Tokyu Inn 363 Kobe Tokyu Inn 236 Matsue Tokyu Inn 181 Hiroshima Tokyu Inn 224 Shimonoseki Tokyu Inn 128 Seibu Group (Prince Hotels etc.) Washington Group hotels DAIWA ROYAL HOTELS TOYOKO INN Business Hotel Chain Hotel New Otani Group Bass Hotels & Resorts Tokyu Group Hotels Tokyu Hotels SUNROUTE Hotel Chain ANA Hotels JR Hotel Group Hotel α-1 Chain JAL Hotels Chisan Hotel Chain Miyako Hotels & Resorts Hotel Route Inn Chain Tokushima Tokyu Inn 138 Takamastu Tokyu Inn 191 Matsuyama Tokyu Inn 245 Kokura Tokyu Inn 19 Hakata Tokyu Inn 266 Kumamoto Tokyu Inn 138 Kagoshima Tokyu Inn locations 6,99 TOKYU RESORT Hotel Gran Deco 16 Tateshina Tokyu Resort 78 Hakuba Tokyu Hotel 12 Imaihama Tokyu Resort 139 Shimoda Tokyu Hotel 115 Kakeyu Onsen Hotel Tokyu 44 Kusatsu Onsen Hotel Tokyu 13 Ikaho Tokyu Villa 32 Miyakojima Tokyu Resort locations 967 Total 6 locations 14,981 Ranking of Hotel Capacity (Domestic) (former Tokyu Inn Chain) 5,83 5,539 5,53 5,111 5,24 8,51 8,7 7,741 7,39 1,183 8,985 8,87 19,148 22,871 9,822 5,572 Scale of Tokyu Group Hotels (as of May 22) 24,392 Rooms 15,394 (former Tokyu Hotel Chain) 5, 1, 15, 2, 25, Pan Pacific Hotels and Resorts No. of Rooms Location The Pan Pacific Singapore 784 Singapore The Sari Pan Pacific Jakarta 4 Indonesia The Pan Pacific Hotel Kuala Lumpur 55 Malaysia The Pan Pacific Hotel Kuala Lumpur Internatinal Airport 441 Tha Pan Pacific Glenmarie Kuala Lumpur 287 The Puteri Pan Pacific Johor Bahru 5 The Pan Pacific Resort Pangkor 24 The Pan Pacific Bangkok 235 Thailand The Pan Pacific Sonargaon Dhaka 34 Bangladesh Naria Excel Hotel Tokyu 712 Japan The Pan Pacific Hotel Yokohama 485 The Pan Pacific Manila 24 Philippines Palau Pacific Resort, Micronesia 16 Palau The Pan Pacific San Francisco 329 U.S.A The Mauna Lani Bay Hotel and Bungalows, Hawaii 35 Hawaii The Pan Pacific Hotel Vancouver 54 Canada The Pan Pacific Lodge Whistler locations (Excluding Narita Excel Hotel Tokyu) 5,93 1 Countries (Number of Rooms) Big Week (Time-share resort hotels) No. of Rooms Big Week Kyoto 21 Big Week Karuizawa 3 Big Week Tateshina 31 Big Week Izukogen 26 Big Week Hakonegora 3 5 locations 138 Tokyu Stay (Business hotels for long stay) No. of Rooms Tokyu Stay Yotsuya 148 Tokyu Stay Nihombashi 123 Tokyu Stay Shimbashi 63 Tokyu Stay Shibuya 126 Tokyu Stay Monzen-Nakacho 112 Tokyu Stay Meguro Yutenji 69 Tokyu Stay Kamata 48 Tokyu Stay Yoga 79 8 locations 768 Other Accommodations No. of Rooms Hotel Izukyu 117 Le Nessa Akazawa 81 Le Nessa Jougasaki 56 Le Nessa Inatorikogen 46 Amagi Kogen Lodge 17 Niseko Kogen Hotel 59 Hotel Tangram 25 Club Capricorn 65 Shimane Inn Aoyama 48 Aobadai Forum 42 Ueda Stay locations 865 Tokyu Harvest (Resort hotels with membership system) No. of Rooms Tokyu Harvest Club Kinugawa 15 Tokyu Harvest Club Katsuura 98 Tokyu Harvest Club Yamanakako Mt.Fuji 1 Tokyu Harvest Club Hakone Myojindai 39 Tokyu Harvest Club Amagikogen 114 Tokyu Harvest Club Ito 17 Tokyu Harvest Club Kyu-Karuizawa 156 Tokyu Harvest Club Karuizawa Mampei 22 Tokyu Harvest Club Karuizawakogen 9 Tokyu Harvest Club Tateshina 9 Tokyu Harvest Club Tateshina Annex 55 Tokyu Harvest Club Madarao 94 Tokyu Harvest Club Shizunami Kaigan 51 Tokyu Harvest Club Hamanako 12 Tokyu Harvest Club Skijam Katsuyama 93 Tokyu Harvest Club Nankitanabe 187 Tokyu Harvest Club Kyoto locations 1,71 1

13 Facility Re-organization of Tokyu Group Domestic Hotels < Re-organization of Classes & Grades> ( Executed on 1 April, 22 ) Grade Before Re-organization Class Luxury & Deluxe Superior Rooms Oriented Excel Hotel Tokyu Tokyu Inn Full Service Tokyu Hotel After Re-organization Grade Class Luxury & Deluxe Superior Rooms Oriented Excel Hotel Tokyu Tokyu Inn Full Service Tokyu Hotel Standard Standard < Closing of hotels> Nagasaki Tokyu Hotel November 2 Naha Tokyu Hotel November 2 Ginza Tokyu Hotel January rooms 28 rooms 437 rooms Saromako Tokyu Resort March rooms Kyoto Tokyu Inn March 22 4 rooms Sapporo Tokyu Hotel December 22 (plan) 263 rooms Okayama Tokyu Hotel January rooms Saga Tokyu Inn March rooms By closing 8 hotels 1,972 rooms, the scale will become 59 hotels 14,718 rooms. 11

14 Facility Tokyu Group Hotels in Shibuya Cerulean Tower Tokyu Hotel Number of Rooms : 414 Function Rooms : 1 ballroom & 9 small-to-medium-sized halls Restaurants and Lounges : Shibuya Excel Hotel Tokyu Number of Rooms : 48 Function Rooms : 3 rooms Japanese,Western,Chinese,Lounge,Jazz club Restaurants and Lounges : Japanese,Western,Lounge Total Revenues ( million) 9, 7,5 6, 4,5 3, 1,5 Shibuya Tokyu Inn Shibuya Excel Hotel Tokyu Cerulean Tower Tokyu Hotel FY3/2 FY3/21 FY3/22 Shibuya Tokyu Inn 1,644 1,489 1,463 Shibuya Excel Hotel Tokyu 4,2 4,254 Cerulean Tower Tokyu Hotel 8,31 Shibuya Tokyu Inn Number of Rooms : 223 Function Rooms : 4 rooms Restaurants and Lounges : Western,Lounge,Sushi Total Revenues as a whole increased after opening of Shibuya Excel Hotel Tokyu and Cerulean Tower Tokyu Hotel. Shibuya has potential demand for hotels. Occupancy (%) Shibuya 8. Tokyu Inn FY3/2 FY3/21 FY3/22 Shibuya Tokyu Inn Shibuya Excel Hotel Tokyu Cerulean Tower Tokyu Hotel 67.1 Shibuya Excel Hotel Tokyu Cerulean Tower Tokyu Hotel 12

15 Facility Leisure Facilities of Tokyu Group Golf Courses Tokyu Seven Hundred Club Five Hundred Club Shirahama Beach Golf Club Grand Oak Golf Club Stork Hill Golf Club Yufukogen Golf Club Hibiscus Golf Club Emerald Coast Golf Links Tokyu Kenzan Sports Garden Niseko Tokyu Golf Course Sapporo Tokyu Golf Club Masarikappu Tokyu Golf Club Madarao Tokyu Golf Club Mochizuki Tokyu Golf Club Tateshina Tokyu Golf Course Tsukuba Tokyu Golf Club Omigawa Tokyu Golf Club Kiminomori Golf Club Katsuura Tokyu Golf Course Amagi Kogen Golf Course Arita Tokyu Golf Club Oita Tokyu Golf Club Aso Tokyu Golf Club Omoigawa Tokyu Golf Club Yokkaichi Tokyu Golf Club Inatori Golf Club Three Hundred Club Royal Forest Golf Club Tokyu Herbhill Golf Club JAS Asahikawa Country Club The Francis H.I'i Brown Golf Course Tokyu Golf Course Total 32 Facilities Ski Sites Gran Deco Ski Resort Tangram Ski Circus Tambara Ski Park Tateshina Tokyu Ski Area Skijam Katsuyama Niseko Hirafu Ski Area Hare Ski & Snowboard Resort Happo One Ski Area Hakuba Iwatake Ski Area Tsugaike Kogen Ski Area Total 1 Facilities Management Body Tokyu Corporation Tokyu Land Corporation Tokyu Construction Co., Ltd. Izukyu Corporation Three Hundred Club Co., Ltd. Seikitokyu Kogyo Co., Ltd. Tokyu Herbhill Golf Club Japan Air System Co., Ltd. Mauna Lani Resort, Inc. Tokyu Golf Course Short Course Management Body Tokyu Corporation Tokyu Land Corporation Ueda Kotsu Corporation Tokyu Hakuba Corporation Sports Facilities Fitness & Aqua Atrio Azamino Tokyu Sports Club Fujigaoka Cerulean Tower Fitness Club Tokyu Sports Oasis Shinjuku Tokyu Sports Oasis Aoyama Tokyu Sports Oasis Tamagawa Tokyu Sports Oasis Musashikosugi Tokyu Sports Oasis Kawaguchi Tokyu Sports Oasis Urawa Tokyu Sports Oasis Honatsugi Tokyu Sports Oasis Esaka Tokyu Sports Oasis Ibaraki Tokyu Sports Oasis Umeda Tokyu Sports Oasis Korien Tokyu Sports Oasis Shinsaibashi Tokyu Sports Oasis Takarazuka Tokyu Sports Oasis Club West Tokyu Sports Oasis Sumiyoshi Tokyu Sports Oasis Abeno Tokyu Sports Oasis Sannomiya Tokyu Sports Oasis Tennoji Tokyu Sports Oasis Hiroshima Tokyu Fitness Club AXIA Ikebukuro Tokyu Fitness Club AXIA Toride Elix Seiroka Garden Elix Musashino Amusement Square Tokyu Tesoro Total 27 Facilities Tennis Courts Management Body Tokyu Corporation Tokyu Land Corporation Tokyu Recreation Co., Ltd Sports Elix Nagano Tokyu Department Store Co., Ltd. Management Body Den-en Tennis Club Tokyu Corporation Tokyu Arima Tennis Club Tokyu Kenzan Sports Garden Tama Plaza Tokyu S.C.Tennis Court Futako-Tamagawaen Tokyu Sports Garden Tokyu Land Corporation Tokyu Sports Oasis Tamagawa Tokyu Sports Oasis Sumiyoshi Katsuura Tokyu Sunny Park Hakone Myojindai Sunny Park Hamanako Tokyu Sunny Park Amagi Kogen Family Park Tambara Lavender Park Tateshina Tokyu Tennis Club Sports Elix Aobadai Tennis Club Sports Elix Tokyu Tennis Garden Forest Tokyu Hotel Chain Co., Ltd. Total 15 Facilities Movie Theatres Milano Theatre Shinjuku Tokyu Cinema Milano Cinema Square Tokyu Panteon Shibuya Tokyu Shibuya Tokyu 2 3 Marunouchi Louvre IkebukuroTokyu UenoTokyu UenoTokyu 2 Robinson s Theater Tama Kariyon Theatre Cinemas Kohoku 19 Cinemas Kiba 19 Cinemas Takasaki 19 Cinemas Meiwa Atsugi Cinema MYLORD Bunkamura Le Cinema1 2 Total 26 Facilities Bowling Alleys Shinjuku Milano Bowl Shonan Tokyu Bowl Kohoku Tokyu Bowl Kasai Tokyu Bowl Asumigaoka Tokyu Bowl Total 5 Facilities Other Sports Facilities Management Body Tokyu Recreation Co.,Ltd. Tokyu Bunkamura Inc. Management Body Tokyu Recreation Co., Ltd. Management Body Tokyu Swimming School Tamagawa Tokyu Corporation Tokyu Swimming School Tama Plaza Tokyu Swimming School Futako Adidas Football Park Shibuya Adidas Football Park Yokohama Kanazawa Adidas Football Park Kenzan S Ing Himonya Total 7 Facilities 13

16 Facility 1 Bunkamura Owner : Shibuya Development,Inc. Type : Entertainment Scale : 7 floors,2 basement floors 2 Tokyu Department Store (Head Store) Owner : Tokyu Dept. Store, Shibuya Dev. Type: Commercial Scale : 9 floors,3 basement floors 3 TOD Building Owner : Tokyu Land Corporation Type: Office Scale : 1 floors,1 basement floor 4 Nampeidai Tokyu Building Owner : Tokyu Land Corporation Type: Office Scale : 1 floors,1 basement floor 5 Shin Nampeidai Tokyu Building Owner : Outside the Group Type: Office Scale : 9 floors,3 basement floors 6 SHIBUYA MARK CITY Owner : Tokyu,Keio,Eidan Type: Office and Hotel Scale : 25 floors,2 basement floors 7 Tokyu Nampeidai-cho Building Owner : Tokyu Corporation Type: Office Scale : 5 floors,2 basement floors 8 Tokyu Sakuragaoka-cho Building Owner : Tokyu Corporation Type: Office Scale : 9 floors,2 basement floors 9 Cerulean Tower Owner : Tokyu Corporation Type: Office and Hotel Scale : 41 floors,6 basement floors 1 Goto Ikueikai Building Owner : Goto Ikueikai Education Foundation Type: Office Scale : 8 floors,3 basement floors 11 Shibuya Tokyu Plaza Owner : Tokyu Land Corporation Type: Commercial Scale : 1 floors,3 basement floors Major Facilities Related to Tokyu Group in Shibuya Maruyama-cho 3 Nampeidai-cho Shoto 1chome 1 1 Dogenzaka 2chome 6 Dogenzaka 1chome 9 Sakuragaoka-cho Metropolitan Expressway #3 Route246 JR Yamanote Line Meiji dori Ave Udagawa-cho Tokyu Toyoko Line Shibuya Station 12 Nishi-Shibuya Tokyu building Owner : Tokyu Hands Inc. Type: Commercial Scale : 8 floors,3 basement floors 13 Shibuya BEAM Owner : Tokyu Land Corporation Type: Multi-use Scale : 7 floors,4 basement floors 14 ONE-OH-NINE 3s Owner : Outside the Group Type: Commercial Scale : 7 floors,1 basement floor 15 ONE OH-NINE Owner : Outside the Group Type: Commercial Scale : 1 floors,2 basement floors 16 Shibuya 19 Owner : Partially Tokyu Dept. Store Type: Commercial Scale : 8 floors,2 basement floors 17 Q_FRONT Owner : Sapporo Plaza Co.,Ltd. Type: Commercial Scale : 8 floors,3 basement floors 18 Shibuya 19-2 Owner : Partially Tokyu Corporation Type: Commercial Scale : 9 floors,3 basement floors 19 Tokyu Department Store (Toyoko Store) Owner : Tokyu, Tokyu Dept. Store etc. Type: Commercial Scale : 11 floors,2 basement floors 2 Shibuya Zensenza Building Owner : Outside the Group Type: Hotel (Shibuya Tokyu Inn) etc. Scale : 13 floors,2 basement floors 21 Tokyu Bunka Kaikan Owner : Tokyu Corporation Type : Amusement Scale : 8 floors,1 basement floor 22 Shibuya Higashiguchi Building Owner : Partially Tokyu Corporation Type: Office Scale : 11 floors,5 basement floors 23 Shin Minamiguchi Building Owner :Tokyu Land, Tokyu Freight Service, Tokyo Tsuun etc. Type: Office Scale : 8 floors,1 basement floor 14

17 Facility Shibuya Mark City and Cerulean Tower < Shibuya Mark City > Shibuya Excel Hotel Tokyu 48 rooms 5F ~ 25F EAST (Hotel Tower) WEST (Office Tower) Office 11F ~ 23F Rental space 27,313m 2 Parking 454 Shibuya Station ( Tokyu Department Store - Toyoko Store - ) Mark City Avenue (Tokyu Food Show ) < Cerulean Tower > Mark City Mall 58 shops ( Sales 32, Restaurant 19, Others 7 ) B1F ~ 4F Outline of Cerulean Tower Location / 26-1,Sakuragaoka-cho,Shibuya-ku,Tokyo Area / 9,49m 2 Building Area / 5,1m 2 Total Floor Space / Approx.16,m 2 Building height / 184m Use / Hotel : Approx. 59,m 2 Office : Approx. 27,m 2 ( rentable area Approx. 16,8m 2 ) Others: Approx. 2,m 2 Structure / 6 basement floors and 41 floors Parking lot / 375 cars Opening Date / (Office) 1 April 21 Commence Office Rental (Hotel) 2 April 21 Partial Opening 24 May 21 Grand Opening Total Project Cost / Approx.57 billion yen Major Office Tenants MasterCard International Japan Inc. The Executive Centre Japan K. K. ABB K. K. Global Media Online INC. Merrill Lynch Japan Securities Co.,Ltd. Mass Mutual Life Insurance Company Netyear Group Corporation NTT Communications Corporation 15

18 Facility < Outline of Grandberry Mall > Location Area Approx. 87,m 2 Facility Total Floor Space Approx. 25,m 2 Zone Parking Number of shops 4-1 Tsuruma 3-chome,Machida-shi,Tokyo (Minami-machida Station of Den-en-toshi Line) Grandberry Mall Steel structure single story building (partially 2 stories) 9 buildings Freshberry Market, Homelife Garden, Outlet Shops Approx. 1, (Outdoor parking) 8 shops Opening date 21 April 2 < Main measures > Issue of Grandberry Mall Card To secure customers mainly in the area along the Tokyu lines Installation of an information center To improve customer convenience Replacement of tenant (GAP etc) To improve in the degree of customer satisfaction < Sales situation > < Age structure of guests > < Number of passengers utilizing Minami-machida Station > FY3/22 ( Oct. 21 ) (Average passengers per day) Plan Actual Achievement ratio 14.4 billion 14.4 billion 1% The first year (21 April 2 ~2 April 21) Plan Actual Achievement ratio 17 billion 17 billion 1% 55 years old and above 45~54 years old 23% 12% 35~44 years old 7% 15% 15~24 years old 43% 25~34 years old ( passenger ) 12, 1, 8, 6, 4, 2, Commuter Non-commuter FY3/2 FY3/21 FY3/22 9,97 1,726 12,186 4,264 8,765 9,576 16

19 Facility Newly Opened Building ( Meguro ) < JR Tokyu Meguro Building ( Opened April, 22 ) > Business Owner : East Japan Railway Company, Tokyu Corp. Location : 3-1-1, Kami-osaki, Shinagawa-ku, Tokyo Area : Approx.11, m2 Total floor space : Approx.52, m2 ( Office Area Approx.19, m2, Store Area Approx.5, m2 ) Main use : Main building Office, Store, Station Facility Annex Parking Structure Scale : Main building 4 basement floors and 17 floors, roof tower 1 floor Annex 3 floors (4 layers), roof tower 1 floor Office : An advertising agency, IT related company, etc. Shops : atre MEGURO ( 1 restaurants and 4 shops ) Food Market Precce Service Facilities : Meguro ward administration servce senter Bank of Tokyo Mitsubishi Meguro branch Number of Parking : 162 cars Design : The Meguro Station partnership building design joint project ( Tokyu Architects&Engineers Inc., JR East Design Corp. ) Construction : The Meguro Station partnership building construction joint project ( Kajima Corp., Tokyu Construction Co.,Ltd., Tekken Corp. ) Construction Period : Groundbreaking March, 2 / Completion March, 22 Total project cost : Approx. 19 billion yen (the amount of burden of Tokyu Corp. approx. 9.4 billion yen) 17

20 Facility Construction in Progress (Nihombashi) < (Tentative name) Nihombashi 1-chome Project (Scheduled opening Spring, 24) > Business Owner : Mitsui Fudosan Co., Ltd., Tokyu Corp.,Tokyu Land Corp. Joint Venture : Mitsui Fudosan Co., Ltd. 5%, Tokyu Corp. 3%, Tokyu Land Corp. 2% Location : 1-4 & 1-6-1, Nihombashi, Chuo-ku, Tokyo Area : Approx.8,185m2 (A district Approx.5,611m2, B district Approx.2,574m2 ) Total floor space : Approx.98,3m2 (Office Approx.62,8m2, Store and Service Approx. 24,6m2 etc.) Main use : Office, Store, Parking Structure Scale : A district 4 basement floors and 2 floors, roof tower 1 floor B district 2 basement floors and 2 floors Building height : Approx. 12m Number of parking : Approx. 25 cars Design : Kohn Pedersen Fox Associates PC, Nihonsekkei Inc., Tokyu Architects & Engineers Inc. Construction : Shimizu, Mitsui Construction, Tokyu Construction joint venture Construction Period : Groundbreaking July, 21 / Completion January, 24 (schedule) Total project cost : Approx. 9 billion yen (the amount of burden of Tokyu Corp. Approx. 27 billion yen ) Merrill Lynch group will move in as the main office tenant. We are planning to bring in commercial tenants to the A district ( first basement to fifth floor ) and B district ( first and second floor ) thus contributing to vitalize the Nihombashi Area. 18

21 Facility Redevelopment Project for the area along the Tokyu Lines (Futako-tamagawa) <Futako-tamagawa East District Type-1 Urban Area Redevelopment Project> Prehistory Mar Nov July 1987 June 1989 Nov. 199 Jan Prepared from the brochure of Futako-tamagawa East District Redevelopment Preparatory Union Our company participates as a member of preparatory union Creation of basic redevelop plan for Futako-tamagawa, Setagaya-ku Designated as a Redevelopment Promotion Area under Tokyo Metropolitan Urban Redevelopment Policy Establishment of Futako-tamagawa East District Redevelopment Preparatory Union Change in the city planning of Futako-tamagawa Park and Tamagawa green belt Designated as a District Center of the Third Long-term Project of Tokyo Original Facility Plan completed by the Preparatory Union Project Outline 1st urban area: Entrance to Futako-tamagawa Welcome Complex integration of attractive commercial functions, wellequipped business functions, and convenient culture and leisure functions Comfortable atrium space linking Futako-tamagawa Station and Traffic Circle 2nd urban area: Core of Wide Area Living Center Pleasure Interaction Open space with water and greenery built on artificial ground and segmented unique commercial facilities Commercial and amusement facilities suited for the wide area living center, and hotel facilities acting as community functions June 1996 Apr June 2 Future Schedule Authorization of City Planning City Planning details authorized including redevelopment area, improvement of public facilities and buildings (June 2) Revised Facility Plan completed by the Preparatory Union Designated as a Business and Commercial Core District of Tokyo Metropolitan Business and Commercial Facilities Master Plan City Planning authorized Approval of Union Establishment Create a fund plan and a basic design, in order to obtain approval on the business plan and start a redevelopment union as a corporate entity Approval of Right Transfer Plan Obtain approval on the Right Transfer Plan that stipulates old assets of each rightful claimant and their right on redevelopment buildings 3rd urban area: Residential area rich in greenery Relax Reside Produce a new community as a place to live in the environment rich in greenery created on artificial ground next to Futako-tamagawa Park Date of Right Transfer Shift old assets to redevelopment buildings and transfer them to temporary stores and residences Construction of Facility Buildings Remove old buildings and start constructing redevelopment buildings 19

22 Railway Transition of Passenger Revenues ( 百万円 \million) 14, 12, 19,73 19,235 11, ,11 113, ,181 1, 93,381 93,73 92,779 1,569 8, 6, 4, 2, FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 定期 Commuter 43,44 42,351 42,33 45,646 5,289 5,318 5,956 5,494 5,76 5,867 定期外 Non-commuter 5,337 5,722 5,746 54,922 59,441 58,917 59,534 6,66 62,95 66,313 合計 Total 93,381 93,73 92,779 1,569 19,73 19,235 11, ,11 113, ,181 * 東京急行電鉄 Tokyu Corp. 2

23 Railway Transition of Passenger Volume ( 千人 thousand passengers) 1,2, 1,, 967, ,95 955, ,429 95, ,88 935,99 935,69 946, ,446 8, 6, 4, 2, FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 定期 Commuter 616,345 66,231 6,765 65, ,75 594,427 58, ,91 571,715 57,294 定期外 Non-commuter 351, , ,397 35, ,74 352, , , , ,152 合計 Total 967, ,95 955, ,429 95, ,88 935,99 935,69 946, ,446 * 東京急行電鉄 Tokyu Corp. 21

24 Railway Transition of Passenger Kilometers Index ( 百万人キロ million passenger kilometers) 12, 1, 8,934 8,835 8,759 8,731 8,68 8,635 8,614 8,653 8,867 9,193 8, 6, 4, 2, FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 定期 Commuter 6,31 5,911 5,855 5,888 5,798 5,773 5,726 5,71 5,745 5,796 定期外 Non-commuter 2,93 2,923 2,94 2,842 2,882 2,862 2,888 2,943 3,122 3,396 合計 Total 8,934 8,835 8,759 8,731 8,68 8,635 8,614 8,653 8,867 9,193 * 東京急行電鉄 Tokyu Corp. 22

25 Railway Comparison of Passenger Volume Variation Ratio against previous year (%) JR 東日本 JR East 関東大手民鉄 7 社平均 ( 東急除く ) Average of 7 Major Private Railway Companies in Kanto Area (Excluding Tokyu) 1. 東急 Tokyu 関西大手民鉄 5 社平均 Average of 5 Major Private Railway Companies in Kansai Area -5. FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 23

26 Railway Effect of Operational Change in Meguro Line and Toyoko Line 26 Sep. 2 Started through service between Meguro Line, Eidan Subway Namboku Line and Metropolitan Subway Mita Line. 28 Mar. 21 Toyoko Line started Limited Express operation. (Limited Express stops at Shibuya, Jiyugaoka, Musashi-kosugi, Kikuna, Yokohama and Sakuragi-cho) Transition of sectional passenger volume and congestion ratio for Toyoko Line ( Yutenji to Naka-meguro ) and Meguro Line ( Fudo-mae to Meguro ) Transition of yearly passenger volume by line for Toyoko Line and Meguro Line (passenger / hour) 6, Toyoko Line (Between Yutenji and Naka-meguro) 5, 4, 3, 2, 1, FY3/2 FY3/21 FY3/22 Passenger Volume 55,773 52,929 52,212 Congestion Ratio 187% 178% 183% 19% 18% 17% 16% 15% 14% 13% 12% 11% 1% Meguro Line (Between Fudo-mae and Meguro) (passenger / hour) 6, 5, 4, 3, 2, 1, FY3/2 FY3/21 FY3/22 Passenger Volume 1,245 17,691 21,369 Congestion Ratio 19% 139% 161% 19% 18% 17% 16% 15% 14% 13% 12% 11% 1% ( thousand passengers ) 4, 3, 2, 1, FY3/2 FY3/21 FY3/22 Toyoko Line 382, , ,796 Meguro Line 64,252 71,768 84,642 < Data of Congestion ratio and passenger volume are taken between 7:5~8:5, when congestion is the highest. > Comparison of required time from Shibuya to Yokohama before and after revising train schedule Shortest Required Time Difference Shibuya Morning Exp. 34m Exp. 34m - Daytime Exp. 31m1s Ltd. Exp. 27m 4m1s Yokohama Evening Exp. 36m Ltd. Exp. 32m 4m Yokohama Morning Exp. 41m Exp. 37m3s 3m3s Daytime Exp. 32m3s Ltd. Exp. 28m 4m3s Shibuya Evening Exp. 33m3s Ltd. Exp. 29m3s 4m Reference : The shortest time required between Shibuya and Yokohama by Shonan Shinjuku Line (JR East) is 24 minutes. Fare comparison between Tokyu Line and JR Line (Shibuya~Yokohama) (yen) Tokyu Line JR Line Before Revising After Revising Ticket (one way) month 9,57 11,34 Commutation ticket 3 months 27,28 32,32 6 months 51,68 54,44 24

27 Railway New Lines Planned to Connect with Tokyu Lines Wakoshi Nishi - takashimadaira 1 Nerima Akabane Kotakemukaihara Akabane-iwabuchi 4 Ikebukuro Kita - Senju Oshiage Master plan concerning the maintenance of transportation network centering on the rapid transit railway in the Tokyo region (Council for Transport Policy reply No. 18) Shinjuku Tokyo Suitengumae Shibuya Shirokane-takanawa Meguro Osaki Tokyo-teleport Futakotamagawa 1 Shin-yurigaoka 5 Oimachi Den-en chofu Miyamaedaira Tamagawa 7 Azamino 9 Moto-sumiyoshi Kodomonokuni Kamata Keikyu-kamata Otorii Hiyoshi 2 Okurayama Kawasaki Nagatsuta Nakayama Shin-Yokohama Tsurumi Chuo-rinkan 8 6 Futamatagawa Yokohama A1 A2 B 1 Rinkai Line Line 2 Yokohama Line No.4 3 Minatomirai 21 Line 4 Tokyo Line No Kawasaki Cross Country Rapid Transit (Tentative Name) Kanagawa Eastern Direction Line (Tentative Name) 7 Yokohama Line No.3 8 Yokohama City Loop Line 9 1 Short Line to Connect Keikyu Haneda Airport Line and Tokyu Mekama Line Ward Area Loop Line Public Transport (Tentative Name) Tokyo-teleport ~ Oimachi ~ Osaki Section ( Tokyo-teleport ~ Tennozu Isle : Started on 31 Mar. 21) Hiyoshi ~ Takatacho ~ Nakayama Yokohama ~ Minatomirai Chuo ~ Motomachi Ikebukuro ~ Shinjuku-sanchome ~ Shibuya Shin-yurigaoka ~ Miyamaedaira ~ Moto-sumiyoshi ~ Kawasaki Futamatagawa ~ Shin-yokohama ~ Okurayama Azamino ~ around Susukino ~ Shin-yurigaoka Note: Line from Susukino Vicinity to Shin-yurigaoka is A2 Motomachi ~ Negishi ~ Kami-ooka ~ Higashi-totsuka ~ Futamatagawa ~ Nakayama ~ Hiyoshi ~ Tsurumi Note: Line from Nakayama to Hiyoshi is A1 (2) Otorii ~ Keikyu-kamata ~ Kamata(Tokyu) Kasai-rinkaikoen ~ Akabane ~ Den-en chofu ~ Direction of Haneda-Airport Higashi-totsuka Sakuragicho 3 Motomachi Kami-ooka Negishi Tokyu Lines Line most likely to open by year 215 (A1) Line most likely to start construction by year 215 (A2) Line to be studied in the future (B) These new Lines will make Tokyu Area even more convenient. 25

28 Railway Mutual through train service between Toyoko Line and Eidan Line No.13 Wako-shi Tobu Tojo Line Seibu Nerima Ikebukuro Ikebukuro Line Line No.13 Shinjuku Toyoko Line Shibuya Yokohama MM 21 Line Motomachi Change in the railway business environment Gathering cusomers from a wide area and Access with growing areas will become increasingly important Arrival of mature society caused by slowdown of population growth and aging population Change of the city structure by growth of Shinjuku subcenter and Yokohama Increased competition between routes by JR Shonan Shinjuku Line and Odakyu quadruple tracking Meaning of the Mutual through train service The importance of Toyoko Line increases By forming a part of the axes which connects Yokohama to the newly emerging city center, positioning in the wide area railroad network increases Practical use of the existing track site accompanying the shift of the Toyoko Line underground By maintaining the area around Shibuya station, the attractiveness of Shibuya will increase Construction towards Mutual through train service operation Construction Section: Shibuya Station ~ Daikanyama Station approx. 1.5km Construction Detail : Construction to go underground Construction Term : Start April, 22 ~ End (Schedule) March, 215 Construction Cost : 76 billion yen Scheduled commencement of Mutual through train service FY212 26

29 its communications Inc. Financial Highlight ( 千円 \ thousand ) FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 営業収益 Operating Revenues 電気通信事業収益 Internet Business Revenues ケーフ ルテレヒ 事業収益 Cable TV Business Revenues 2,533,614 2,695,175 3,6,438 3,853,649 3,89,511 5,938,3 6,112,269 7,853,756 8,886,126 9,427, , ,375 1,246,75 2,123,568 2,533,614 2,695,175 3,6,438 3,853,649 3,89,511 5,938,3 5,993,517 7,411,381 7,639,376 7,34,394 利用料収入等 Multi-channel Fee and Others 2,35,372 2,339,82 2,731,676 2,876,438 3,247,73 3,531,215 4,123,799 4,896,983 6,3,234 6,265,222 電波障害対策収入 Service for Radio Disturbance 228, , , , ,439 2,46,788 1,869,717 2,514,398 1,69,141 1,39,171 営業利益 Operating Income 経常利益 Recurring Income 当期利益 Net Income 41,74 85,34-534,33 169, ,942-7, 64,68 817, , ,643 24,41 71, ,269 29, ,634-44,199 17, ,75 88,819-9,286 23,66 7,781-34,89 29,34 137,2-47,39 83, ,128 46, ,54 減価償却費 Depreciation and Amortization ,728 99, ,455 1,251,192 1,49,616 1,669,214 1,885,75 1,936,15 27

30 its communications Inc. Transition of Operating Revenues ( 百万円 \million) 1, 9, 8, 7, 6, 営業収益 Operating Revenues インターネット Internet 電波障害 Service for Radio Disturbance 多チャンネル等 Multi-channel and others 5,938 6,112 7,853 8,886 9,427 5, 4, 3,6 3,853 3,89 3, 2,533 2,695 2, 1, FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 28

31 its communications Inc. Number of Subscribers - 1 ( 世帯 household) 3/1993 3/1994 3/1995 3/1996 3/1997 3/1998 3/1999 3/2 3/21 3/22 放送 ( ケーブルテレビ ) サービス Broadcasting (Cable TV) Service (a)+(b) 純増加入世帯数 Increased Subscribers against Previous Year (Net) 28,45 15,16 2,43 23,121 11,781 39,398 42,515 35,23 38,213 43,666 累計加入世帯数 Accumulated Subscribers 6,18 75,124 95, ,288 13,69 169, , , , ,91 多チャンネル Multi-channel (a) 純増加入世帯数 Increased Subscribers against Previous Year (Net) 5,99 3,921 5,5 5,822 5,731 6,699 8,321 7,896 12,42 1,898 累計加入世帯数 Accumulated Subscribers 23,932 27,853 32,93 38,725 44,456 51,155 59,476 67,372 79,774 9,672 再送信 Retransmitting (b) 純増加入世帯数 Increased Subscribers against Previous Year (Net) 22,415 11,185 14,993 17,299 6,5 32,699 34,194 27,334 25,811 32,768 累計加入世帯数 Accumulated Subscribers 36,86 47,271 62,264 79,563 85, , ,56 179,84 25, ,419 通信 ( インターネット ) サービス Internet Service (c)+(d) 純増加入世帯数 Increased Subscribers against Previous Year (Net) ,359 11,585 21,648 22,222 累計加入世帯数 Accumulated Subscribers ,359 16,944 38,592 6,814 放送および通信 Broadcasting and Internet (c) 純増加入世帯数 Increased Subscribers against Previous Year (Net) ,754 9,537 19,176 2,3 累計加入世帯数 Accumulated Subscribers ,754 14,291 33,467 53,497 通信のみ Internet only (d) 純増加入世帯数 Increased Subscribers against Previous Year (Net) ,48 2,472 2,192 累計加入世帯数 Accumulated Subscribers ,653 5,125 7,317 加入世帯数合計 Total Number of Subscribers (a)+(b)+(d) 純増加入世帯数 Increased Subscribers against Previous Year (Net) 28,45 15,16 2,43 23,121 11,781 39,398 43,12 37,278 4,685 45,858 累計加入世帯数 Accumulated Subscribers 6,18 75,124 95, ,288 13,69 169, , ,865 29,55 336,48 29

32 its communications Inc. Number of Subscribers - 2 ( 世帯 household) 35, 336,48 3, 25, 放送のみ Broadcasting only 放送及び通信 Broadcasting and Internet 通信のみ Internet only 249,865 29,55 212,587 2, 169,467 15, 118,288 13,69 1, 5, 6,18 75,124 95,167 3/1993 3/1994 3/1995 3/1996 3/1997 3/1998 3/1999 3/2 3/21 3/22 3

33 Tokyu Corporation Outline of Employees 9, 8, 7, 6, 5, 4, 3, 2, 1, (persons) Transition of the Number of Employees (Consolidated) (persons) 3, Transition of the Number of Employees ( Non-Consolidated ) 7,687 5,7 5,93 5,87 4,936 4,814 4,684 4,58 4,445 4,241 25, 2, 15, 1, 5, 7,621 7,52 7,272 7,55 6,782 6,569 28,732 27,171 27,672 6,132 5,856 5,525 3,871 3/1993 3/1994 3/1995 3/1996 3/1997 3/1998 3/1999 3/2 3/21 3/22 Total 7,687 7,621 7,52 7,272 7,55 6,782 6,569 6,132 5,856 5,525 Total (Except Temporary Transferees) 5,7 5,93 5,87 4,936 4,814 4,684 4,58 4,445 4,241 3,871 Temporary Transferees 2,617 2,528 2,433 2,336 2,241 2,98 1,989 1,687 1,615 1,654 Railways 3,316 3,312 3,35 3,181 3,127 3,51 2,988 2,971 2,863 2,563 Other Businesses Others 1,55 1,62 1,5 1, (persons) ~19 3 2~24 25~29 3~34 35~39 4~44 45~49 5~54 55~ (persons) Age Distribution of Employees ( Non-Consolidated ) Transition of New Recruits ( Non-Consolidated ) 168 Employees as of 31 March 22 Temporary Transferees /2 3/21 3/22 FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2 FY3/21 FY3/22 31