FACT BOOK (FY2012) May 16, Tokyu Corporation (9005)

Transcription

1 FACT BOOK (FY2012) May 16, 2013 Tokyu Corporation (9005)

2 Contents I. Management Plan NEW 20. Life Service Business 26 NEW 1. Three-year Medium-term Management Plan 3 NEW 21. Home Convenience Service Business 27 NEW 2. Use of Cash 4 NEW 22. Areas related to the Life Service Business 28 NEW 3. Major Management Indices 5 NEW 23. Life Service related Facilities 29 II. Business Data NEW 24. Urban development in Vietnam, Binh Duong Province 30 Up date 1. The Consolidated Segment and Constituent Companies 7 NEW 25. Yanchep District Land Development in Western Australia 32 Up date 2. Regional map of Tokyu Area 8 Up date 3. Population along the Tokyu Lines 9 Up date 4. Population along the Tokyu Lines (Forecast) 10 NEW 5. Advantages of Railway Business 11 Up date 6. Effect of Improvements to the Railway Network 12 Up date 7. Disposal cost of fixed assets 13 Up date 8. Improvement construction in Toyoko Line from Shibuya to Yokohama 14 Up date Up date Up date Up date Up date Up date Up date 26. Major Office Properties Leasing Facilities (Non-Consolidated) Major Commercial Facilities along the Tokyu Lines Retail related Facilities Hotel and Resort Facilities Outline of Employees Comparison of Shareholder s Structure Mutual Direct Train Service between Tokyu Line and Sotetsu Line 15 NEW 33. Selected as a theme-based stock on the Tokyo Stock Exchange New Airport Line Development Promotion Project 16 III. Financial Data NEW 11. Past Development Track Record (Leasing Business) Management Indices 42 Up date 12. Large-Scale Projects Undertaken in Recent Years Consolidated Statements of Income 43 NEW 13. Status of Property Ownership Around Shibuya Station Consolidated Balance Sheets (Assets) 44 NEW 14. Redevelopment of the Area Around Shibuya Station (Plan view) Consolidated Balance Sheets (Liabilities Net Assets) Status of Shibuya Station Property Ownership Consolidated Statements of Cash Flows 46 NEW 16. Update Status of Hikarie, ShinQs Segment Information 47 NEW 17. Status of the Shibuya Area (excluding station redevelopment) Non-Consolidated Data 49 NEW 18. Next-generation Suburban Development Passenger revenue Number of passengers carried 50 NEW 19. Relocation related Facilities Scope of Consolidated Accounting Number of Employees 51 History of Shareholder's Structure 1

3 I. Management Plan 2

4 Three-year Medium-term Management Plan - Creation, Communication and Challenge - Vision ten years from now (What we want to be in 2022) Keeping Tokyu s rail service areas being the main focus The most popular rail service areas in Japan for living : Areas served by Tokyu s railway lines The most popular town in Japan for visiting : Shibuya The most popular town in Japan for working : Futako-Tamagawa Becoming a strong business group as one Tokyu Overall Strategy Business development that keeps creating life value in the areas we serve Key Initiatives 1 Key Initiatives 2 Development of railway networks and the continuation of safety measures Transportation Business Real Estate Business Continued development of areas served by Tokyu s railway lines, such as Shibuya and Futako-Tamagawa Key Initiatives 3 Strengthening the life service business and increasing cooperation in areas served by Tokyu s railway lines Life Service Business Key Initiatives 4 Pursuit of urban development projects overseas by leveraging our expertise in the development of rail service areas 3

5 Use of Cash Cash Flow Trends Capital Expenditure - Investment in growth - Investment in safety Debt Reduction - Improved debt/equity ratio Shareholder Return -2% DOE - Stock repurchases, etc. (Billion yen) CF from operating activities CF from investing activities Free cash flow / / / / Shareholder Returns Dividend policy Acquisition of treasury stock Target a Dividend On Equity (DOE) ratio of 2% * Dividends on equity ratio (DOE): Total amount of dividends / Consolidated average equity during the term Plan a flexible approach to managing treasury stock *Figures for March 2013 and after shows the initial forecast. Trend in net assets per share and dividends per share (yen) Net asset per share Net dividend per share Result /03 07/03 08/03 09/03 10/03 11/03 12/03 13/ Forecast 4

6 Major Management Indices Tokyu EBITDA Operating Profit (Billion yen) 180 Transportation Real Estate Life Service Other (Billion yen) 80 Transportation Real Estate Life Service Other / / / / / / / /03 (Times) D/E Ratio *Figures for March 2013 and after shows the initial forecast / / / /03 5

7 II. Business Data 6

8 The Consolidated Segment and Constituent Companies 7 (as of March 31, 2013) Consolidated subsidiaries: 126 Equity-method affiliates: 16 Business Support Hotel and Resort Life Service Real Estate Transportation Other Advertisement Other Overseas hotels Domestic hotels Other CATV Chain store operations Department store operations Other Real estate management Real estate sales Real estate leasing Other Bus operations Railway operations Operating segment Tokyu Techno System Tokyu Agency Mauna Lani Resort Tokyu Hotels its communications Tokyu Store Chain Tokyu Department Store Tokyu Facility Service Tokyu Corporation Tokyu Bus Tokyu Corporation Major constituent companies * Tokyu Corporation has an overlap in terms of segmentation by business line

9 Regional map of Tokyu Area Chuo-rinkan 40km Tokyu line Minatomirai Line Directly connected subway lines JR Yamanote Line Shinkansen Other Major JR Lines, Private Railways 30km Kodomonokuni Nagatsuta 20km Tama-plaza Aobadai Minami-machida Futako-tamagawa Mizonokuchi Yokohama 10km Shimotakaido Shibuya Kikuna Sangen-jaya Hiyoshi Jiyugaoka Den-en-chofu Tamagawa Musashi-kosugi Meguro Shinjuku Motomachi-Chukagai Nakameguro Ookayama Hatanodai Kawasaki Gotanda Kamata Oimachi Tokyo Haneda Airport Graphic and figure: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries * Calculated by multiplying average consumption expenditures of all households in 5 wards of Tokyo, Yokohama City and Kawasaki City and number of households in the 17 cities and wards along Tokyu Lines respectively. (Source: Ministry of Internal Affairs and Communications) Area along the Tokyu Lines (Defined as 17 Cities & Wards where Tokyu Lines are operated ) Area : 490 km 2 Population : 5.09 million Population density : 10,384 people / km 2 Number of households : 2.51 million Taxable Income / person : approx. 1.5 times the national average Consumption expenditures in the area: 7,883.1 billion yen* Tokyu Tama Den-en Tosh (Tokyu Tama Garden City) Area : 50 km 2 As of March 31, 2013 Population : approx. 600 thousand people Ranking of attractive towns to live st Kichijoji Kichijoji Kichijoji Kichijoji Kichijoji 2nd Jiyugaoka Jiyugaoka Jiyugaoka Jiyugaoka Jiyugaoka 3rd Yokohama Ebisu Yokohama Yokohama Yokohama 4th Ebisu Futako-Tamagawa Futako-Tamagawa Futako-Tamagawa Futako-Tamagawa 5th Hiroo Yokohama Ebisu Ebisu Ebisu 6th Futako-Tamagawa Hiroo Hiroo Hiroo Hiroo 7th Nakameguro Meguro Kamakura Kamakura Kamakura 8th Kamakura Nakameguro Meguro Nakameguro Nakameguro 9th Meguro Kamakura Kagurazaka Meguro Meguro 10th Daikanyama Daikanyama Nakameguro Toyosu Aoyama * Source: Questionnaires of MAJOR 7 (a portal site of eight major real estate companies providing information on condominiums) 8

10 Population along the Tokyu Lines (Thousand people) 6,000 5,000 4, or order 5,090 4,670 4,724 4,771 4,814 4,867 4,914 4,965 5,005 5,034 5, ,000 2, to 64 3,382 3,403 3,423 3,435 3,452 3,460 3,475 3,477 3,480 3,489 3,490 1,000 0 to FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Source: "The Population Summary of the Basic Resident Register" (Ministry of Internal Affairs and Communications; as of March 31 every year) 9

11 Population along the Tokyu Lines (Forecast) Nationwide Tokyo, Kanagawa, Chiba, Saitama 17 cities and wards served by Tokyu Line FY2010 FY2015 FY2020 FY2025 FY2030 FY2035 (Thousand people) 6,000 5,221 5,354 (+2.5%) 5,395 (+3.3%) 5,389 (+3.2%) 5,346 (+2.4%) 5,271 (+1.0%) 5,000 4, ,137 (+18.3%) 1,221 (+27.0%) 1,279 (+33.2%) 1,383 (+43.9%) 1,530 (+59.2%) 3,000 2,000 3,628 3,582 (-1.2%) 3,563 (-1.8%) 3,543 (-2.3%) 3,445 (-5.0%) 3,251 (-10.4%) 1, (+0.4%) 611 (-3.4%) 566 (-10.5%) 519 (-18.0%) 490 (-22.5%) FY2010 FY2015 FY2020 FY2025 FY2030 FY to to or order ( ): comparison with FY2010 * Source: 2013 data of the National Institute of Population and Social Security Research (by municipality) 10

12 Advantages of Railway Business Comparison of Railway business revenue (Unit: million yen) Tokyo Metro 289,272 Tobu 152,793 Tokyu 147,172 Odakyu 113,645 Seibu 99,479 Comparison of Fare revenues for a passenger train per kilometer operated (Unit: yen) Tokyo Metro 1,049 Tokyu 954 Keikyu 671 Sotetsu 667 Odakyu 649 Keikyu 76,955 Keio 637 Keio 76,847 Keisei 556 Keisei 55,628 Seibu 533 Sotetsu 32,582 Tobu 503 Comparison of Operating efficiency (Unit: %) Tokyu 52.8 Tokyo Metro 48.0 * Calculation method of the operating efficiency Odakyu Keio Keikyu Operating efficiency = Number of passengers carried Operating distance of passenger trains Average service distance 100 Average transportation capacity Sotetsu Seibu Keisei Tobu * Source: March 2012 issue of Oote Mintetsu No Sugao (actual state of major private railway companies) published by the Association of Japanese Private Railways and Securities reports of FY

13 Effect of Improvements to the Railway Network Chuo-rinkan Sotetsu Line Toyoko Line Meguro Line Den-en-toshi Line Oimachi Line Kodomonokuni Line Nishiya Minatomirai Line opened (Feb.2004) Nagatsuta Motomachi-chukagai Shin-yokohama Azamino Sotetsu-Tokyu direct train service (FY2019, Plan) Kikuna Yokohama Ikegami Line Tamagawa Line Kodomonokuni Line Setagaya Line Tama Plaza Mizonokuchi Musashi-kosugi Hiyoshi Oimachi Line Express service began (Mar. 2008) Extension to Mizonoguchi (July 2009) Meguro Line Extension to Hiyoshi (June 2008) New Airport Line Tamagawa Kamata Futako-tamagawa Den-en-chofu Haneda Airport Setagaya Line Sangen-jaya Nakameguro Jiyugaoka Tobu Line Seibu Line Ikebukuro Shinjuku Shibuya Ookayama Oimachi Hatanodai Meguro Mutual direct train service with Toyoko Line (Mar.2013) Tokyo Metro Fukutoshin Line Tokyo Metro Hanzomon Line Tokyo Metro Hibiya Line Tokyo Metro Namboku Line Toei Mita Line Gotanda Mutual direct train service with Meguro Line (Sep.2000) Otemachi Hibiya Tokyo JR Yamanote Line Changes in the number of passengers carried and passenger revenue with the figures in FY1999 as Passenger Reveue Number of passengers carried Sep. Mutual direct transportation between Meguro Line and Namboku Line / Mita Line. Feb. Minatomirai Line opened Sep. Meguro Line express service began Mar. Fare revision Mar. Oimachi Line express service began June Meguro Line extended to Hiyoshi Mar. Mutual direct transportation between Toyoko Line and Fukutoshin Line July Oimachi Line extended to Mizonokuchi FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY

14 Disposal cost of fixed assets Disposal cost of fixed assets There is a need to build and remove temporary facilities, etc. for the railway operation because a railway improvement project is located close to the area where operations are conducted. Disposal cost of fixed assets such as the removal of these types of temporary facilities, etc. is a non-disbursement expense and is posted on the books as large-scale railway improvement projects are completed. Example of large-scale improvement projects [Before project commencement] Trains run above ground. Pile driving and driving soldier piles into the ground Build temporary tracks on construction beams Trains run on temporary tracks Excavation continues under the temporary tracks Build underground tunnel after excavation [Switch] Trains run in the underground tunnel (Train line in operation) [Completion] Remove temporary facilities; refill ground (Completion of improvement project) (Billion yen) FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Dispoasal cost of fixed assets (Results)

15 Improvement construction in Toyoko Line from Shibuya to Yokohama Wako-shi Seibu Ikebukuro Line Tobu Tojo Line Nerima Shinjuku Tokyo Metro Yurakucho Line Ikebukuro Tokyo Metro Fukutoshin Line Shibuya Point of Mutual direct train service with Tokyo Metro Fukutoshin Line The increased importance of Toyoko Line. Forming a part of the Axes connecting Yokohama and subcenter in Tokyo, the Toyoko line enhances its presence in the wide area railroad network in Tokyo Practical use of the track space on the ground after the completion of underground Toyoko Line Redevelopment of Shibuya Sta. will increase attractiveness of Shibuya Area. Construction for Mutual direct train service operation and Improvement Section: from Shibuya station to Yokohama station Description: - Transfer railroad track to the underground rails from Shibuya sta. to Daikanyama sta. - Limited express and Express are to be 10-car trains and extend the tracks of every station for 10-car. - New-building and remodel of railway vehicles. Toyoko Line Term: May 2002 to March 2015 (plan) Cost: billion yen Inauguration of Mutual direct train service with Fukutoshin Line; March 16, 2013 Yokohama Minatomirai Line Motomachi - China Town Transfer railroad track to the underground rails from Shibuya sta. to Daikanyama sta. 5050series Hikarie Train 14

16 Mutual Direct Train Service between Tokyu Line and Sotetsu Line Significance of Mutual Direct Train Service <Improving accessibility> Western Yokohama City and Central Kanagawa Pref. Central Tokyo Western Yokohama City and Central Kanagawa Pref. Shin Yokohama sta. of Shinkansen Toyoko Line and Meguro Line of Tokyu. Area Sotetsu Line Nishiya Yokohama Hazawa Shin Yokohama Hiyoshi Toyoko Line 東急線 ~ 相鉄線 :1~2~3 JR Line JR 線 ~ 相鉄線 :2~3 Ratio of initial burden cost, based on Law for promoting Convenience Urban Railways, etc. National Government Each entity will pay Local Government Japan Railway Construction, Transport and Technology Agency one-third of the cost ODAKYU ODAWARA LINE TOKYU TOYOKO LINE DEN-EN CHOFU JR YAMANOTE LINE SHINJUKU SHIBUYA MEGURO OSAKI TOKYU MEGURO LINE JR YOKOSUKA LINE TOKYO SHIMBASHI SHINAGAWA Inauguration; April 2019 (plan) Connecting line from Yokohama Hazawa of JR Line to Hiyoshi of Tokyu Toyoko Line SHIN YOKOHAMA HIYOSHI TSUNASHIMA JR TOKAIDO LINE JR TOKAIDO KAMOTSU LINE Connecting line from Nishiya of Sotetsu Line to Yokohama Hazawa of JR Line EBINA SOTETSU HONSEN NISHIYA FUTAMATAGAWA YOKOHAMA HAZAWA YOKOHAMA SHONAN DAI SOTETSU IZUMINO LINE Outline of Mutual Direct Train Service 15

17 New Airport Line Development Promotion Project The New Airport Line is a line proposed as A new line to shorten the connection between the Keikyu Airport Line and the Tokyu Tamagawa Line under the Council for Transport Policy Reply No. 18 for which it is considered appropriate to commence construction by Details of improvements Plan to develop a new connecting line that will diverge from around Kamata Station on the Tokyu Tamagawa Line and connect with the Keihin Kyuko Airport Line Benefits of improvements Shortens time by improving access to the internationalized Haneda Airport Improves access to create a seamless link from many areas in Greater Tokyo Builds a wide-area transportation network between Haneda and western Tokyo Expected to help improve the city function in Greater Tokyo and invigorate areas served by Tokyu s railway lines Tokyu Toyoko Line Tobu Line direction Tokyu Tamagawa Line Tokyu Kamata New Airport Line [Kama-Kama Line] Keikyu Airport Line Naka-Meguro Tamagawa Keikyu-Kamata Otorii Kotake- Mukaihara Seibu Line direction Tokyo Metro Fukutoshin Line Ebisu JR Keihin- Tohoku Line Ikebukuro Shinjuku-Sanchome Shibuya JR Kamata Keikyu Main Line Shinagawa Haneda Airport International Terminal Haneda Airport Domestic Terminal 16

18 Past Development Track Record (Leasing Business) Grandberry Mall Apr Tama Plaza Terrace Oct Shibuya Hikarie* Apr Cerulean Tower* Mar Shibuya Mark City* Feb Tokyu Bancho Building* Sep Chuo-rinkan Minami-machida Aobadai Tama-plaza Mizonokuchi Futako-tamagawa Sangen-jaya Shibuya Nagatacho Tokyo Jiyugaoka Tamagawa Meguro Aobadai Tokyu Square Nov Futako Tamagawa Rise* Nov Carrot Tower* Nov Tokyu Capitol Tower July 2010 Yokohama Hiyoshi Musashi-kosugi Kamata Oimachi Minatomirai Haneda Airport Queen's Square Yokohama* June 1997 Motomachi- Chukagai Musashi Kosugi Tokyu Square* Apr JR Tokyu Meguro Building* Mar *Property sectionally owned or co-owned with other company 17

19 Large-Scale Projects Undertaken in Recent Years Shibuya Hikarie Tokyu Capitol Tower Site area: approx. 9,600m 2 Floor area: approx. 144,500m 2 Use: Shopping center, Offices, Theater, etc. Opening: Apr Offices and ShinQs open July 2012 Theatere Orb open Site area: approx. 7,900m 2 Floor area: approx. 87,400m 2 Use: Hotel, Offices, Condominiums Opening: Aug Offices open Oct Hotel open Tama Plaza Terrace Futako-Tamagawa Rise (Phase I) Site area: approx. 52,500m 2 Floor area: approx. 180,400m 2 Use: Shopping center, etc. Number of stores: 150* Opening: Jun Partly open Oct Grand open *excluding North Plaza Site area: approx. 91,000m 2 Floor area: approx. 272,800m 2 Use: Shopping center, Offices, Condominiums etc. Number of stores: 158 Opening: Dec Offices open Mar S.C. open 18

20 Status of Property Ownership Around Shibuya Station TOKYU REIT Shibuya Udagawa-cho Square July 1998 / 1,530m 2 Q FRONT Oct / 6,690m 2 SHIBUYA 109* Mar / 16,290m 2 Bunkamura Sep / 31,990m 2 Tokyu Department Store HONTEN (Flagship store)* Nov / 61,460m 2 etc. Shibuya Mark City* Feb / 139,500m 2 Primary uses - Office - Shibuya Excel Hotel Tokyu - Commercial facilities Cerulean Tower Mar / 105,900m 2 Primary uses - Office - Cerulean Tower Tokyu Hotel - Nohgakudo (Noh theater) 109 MEN S* Oct / 11,780m 2 Shibuya Sumitomo Shintaku bldg. June 1962 / 3,270m 2 Den-en-toshi Line Route m JR Line Shibuya Station Area Tokyo Metro Fukutoshin Line Meiji Dori Street Shibuya Station South Area JR Line Shibuya Miyashitacho Apartment Vacant Lot Project* Sep (plan) / 36,170m 2 Primary uses - Office - Rental apartment - Commercial facilities - Local contribution facilities cocoti Sep / 11,850m 2 Toyoko Line Shibuya Takugin bldg.* Shibuya Nichiei bldg. Jan / 4,820m 2 Apr / 2,120m 2 Shibuya Kyowa bldg.* Sep / 8,500m 2 Shibuya Hikarie* Apr / 144,550m 2 Primary uses - Office -ShinQs - Tokyu Theatre Orb - Hikarie Hall Tokyo Metro Hanzomon Line Shibuya Higashiguchi bldg.* East Shibuya bldg. Jan / 17,040m 2 Mar.1985 / 1,650m 2 Shibuya 2-chome bldg.* Feb / 1,770m 2 : Owned by Tokyu Corp. or its subsidiary : Owned by Tokyu REIT : Planned project Completion / Total floor area * Property sectionally owned or co-owned with other company Tokyu Nampeidai-cho bldg. July 1992 / 7,000m 2 Tokyu Sakuragaoka-cho bldg. June 1987 / 6,500m 2 Shibuya Station Area Development Project* 2020, 2027 (plan) / 270,000m 2 Primary uses - Office - Commercial facilities Shibuya Station South Area Development Project* 2017 (plan) / 117,500m 2 Primary uses - Office - Hotel - Commercial facilities As of March 31,

21 Redevelopment of the Area Around Shibuya Station (Plan view) Miyamasu-zaka Before Redevelopment Future Miyamasu-zaka Toyoko Line Fukutoshin Line Toyoko Line Dohgen-zaka Dohgen-zaka East Exit Shibuya Shibuya Hikarie Hikarie Ginza Line Hachiko Square Traffic Place Bus Hachiko Square Traffic Place Bus, Taxi Shibuya Shibuya Station Station Area Area Project Project Shibuya Mark City West Exit Route 246 Saikyo Line Yamanote Line Traffic Place Bus Route 246 Dohgen-zaka 1-chome Area project Den-en Toshi Line, Hanzomon Line Tokyu Department Store Ginza Line 東横線 (2F) Route 246 Yamanote Line Inner Tracks Yamanote Line Outer Tracks West Exit Traffic Place Bus, Taxi Tokyu Plaza Den-en Toshi Line, Hanzomon Line Shibuya Hikarie Fukutoshin Line Shibuya Mark City Route 246 East Exit Traffic Place Bus, Taxi Toyoko Line Shibuya Station South Area Project Meiji Street Meiji Street Shibuya-gawa River West exit station plaza East exit station plaza Sakuragaoka Area Project Tokyo Metro Ginza L Saikyo Line Height approx. 30 m * Shibuya Station Area Infrastructure Development Policy, October 2012 (Shibuya ward) アーバン コア Urban Core Skyway Central tower (front) height approx. 20 m Skyway East Tower height approx. 230 m West Tower height approx. 76 m Central Tower height approx. 61 m Facility layout plan for the Shibuya Station Area 20 JR Y

22 Status of Shibuya Station Property Ownership Q_FRONT Den-en-toshi Line Shibuya Station Shibuya Hikarie JR Tokyu 5,725 m2 3,273 m2 Shibuya Mark City Tokyu 4,394 m2 Tokyo Metro 445 m2 940 m2 Cerulean Tower Tokyu Plaza Former Station property ownership Tokyu 7,667 m2 (52%) JR East 6,665 m2 (45%) Tokyo Metro 445 m2 ( 3%) Total 14,777 m2 JR Toyoko Line Shibuya Station 9,640 m2 Tokyu 6,056 m2 Passage Garden Shibuya Higashiguchi Building FY 03/2013 Mutual direct train service between Toyoko Line and Tokyo Metro Fukutoshin Line to be inaugurated 21

23 Update Status of Topics since the opening: 2012 Apr. 26: Number of visitors on the day of the opening: 200,000 Jul. 18: Tokyu Theatre Orb opened. Dec. 4: The total number of visitors exceeded the annual target of 14 million on the 223rd day after the opening Apr. 5: The total number of visitors exceeded 20 million. Conditions following the start of mutual direct train service operation between the Toyoko Line and the Tokyo Metro Fukutoshin Line The foot traffic number has increased for Urban Core (an atrium that covers floors B3 through 4) and the deck on the second floor connecting the building and the station. Sales, centered on the B3 floor, are also on the increase and having an effect on securing a specific number of visitors to the location. Floors 17 34: Offices Main tenants: DeNA, LINE / All 18 floors are already in contract. Floors: 11 16: Tokyu Theatre Orb (operated by Tokyu Bunkamura) 12 programs, including West Side Story are performed in FY2012. Attracts over 300,000 visitors and contributing to the increase in the number of visitors to the building itself. Floor 9: Hikarie Hall Many high-profile events, such as rollouts of products and fashion shows, are held here. Bookings have been steady throughout the fiscal year. Floor 8: Creative Space 8/ High-profile events including exhibitions of renowned artists are given constantly here. This floor attracts particular visitors, mainly people in their 30s. Floors 6 7: Café & Restaurant Both the number of customers and sales have been steady. There is a large number of visitors to Tokyu Theatre Orb and Hikarie Hall, which is contributing to a growth in sales. Floors B3 5: ShinQs (operated by Tokyu Department Store) The cumulative total of the sales for the fiscal year also exceeded the plan. These floors attract new sets of customers for Shibuya, mainly women in their late 20s to 40s. Merchandising which focuses on sundries has interested many people, contributing to the increase in the number of visitors. 22

24 Status of the Shibuya Area (excluding station redevelopment) Shibuya Miyashitacho Apartment Vacant Lot Project Overall concept A creators platform that showcases Shibuya, a creative industry town, to the world Outline of the Project Plan Address: 23, shibuya 1chome, shibuya-ku, Tokyo Site Area: approx. 5,020m 2 Floor Area: approx. 36,170m 2 Main use: Offices, rental housing, commercial facilities, local contribution facilities Acquisition of occupancy properties Shibuya Kyowa Building Address : 20-11, shibuya 2chome, shibuya-ku Floor Area :8,503.11m 2 Date of acquisition: March 2013 Acquired properties in use in recent years in the Shibuya area Shibuya Takugin Building Address : 13-9, shibuya 1chome, shibuya-ku Floor Area : 4,818.01m 2 Shibuya Sumitomo trust Building Address : 4-6,jinnan 1chome, shibuya-ku Floor Area : 3,272.46m 2 East Shibuya Building Address : 6-1, shibuya 3chome, shibuya-ku Floor Area : 1,652.17m 2 23

25 Next-generation Suburban Development April 18, 2012 Concluded an LOA with Yokohama City on the promotion of next-generation suburban development Work on the most-advanced regenerative-type development of suburban residential areas dubbed the Yokohama Model. The development goes beyond past and existing frameworks and focuses on living in existing towns and its communities in joint cooperation with public and private sectors. Medical / nursing care facilities Relocation of senior citizens Community restaurant Rebuilding a residential complex Utilize vacant rooms station Young adults moving in Vigorous community Utilize vacant rooms Base for interaction Base for interaction Condominium with fixed-term leasehold interest station Detached rental housing Shared housing Base for interaction station Intergenerational balance Transportation network Railway Major buses Demand transportation Young adults moving in Community businesses Child-bearing environment / child-rearing consultation Relocation of senior citizens Condominium with fixed-term leasehold interest Aging Large-scale residential complex Detached housing area Area with a mix of stores and housing Community living Results of FY2012 initiatives July Kick-off forum held Aug. Model district Questionnaire conducted on all houses and families Oct. Workshop held with participation from residents (held total of five times) Nov.- Tama Plaza University (held total of eight times) Jan. Open workshop Feb. Ultra-mini mobility monitor survey Various promotional subcommittees Nov. Regional comprehensive care system promotional subcommittee established Dec. Smart community promotional subcommittee established Mar. Subcommittee for living and home renewal established Initiatives for FY2013 and beyond (1) Announce concept book on next-generation suburban development (2) Implement and support leading projects (3) Promote various investigation subcommittees (4) Promote specific projects 24

26 Relocation related Facilities STYLIO (Rental apartment) Tokyu Welina (Senior residence) As of April 30, 2013 Name Rooms Name Rooms STYLIO Yamashita Koen The Tower 142 Tokyu Welina Ookayama 165 STYLIO Ikejiri-ohashi 27 Tokyu Welina Hatanodai 71 STYLIO Kamata 94 2 facilities 236 STYLIO Nakanobu 28 STYLIO Yokohama Tammachi 25 Tokyu Welina Ookayama Ohana (Senior day service) STYLIO Myorenji 50 STYLIO Shimomaruko 57 Name Capacity Azamino Heim 14 Ohana Ikejiri-ohashi 36 Court Mates Hatanodai 46 Ohana Tama Plaza 52 STYLIO Hatanodai 44 2 facilities 88 STYLIO Hatanodai II 45 Tokyu Welina Hatanodai STYLIO Nakanobu II WEST 40 Concierge of Residence Kuramo (Rental storage) STYLIO Nakanobu II EAST 42 and Living STYLIO Shinagawa Nakanobu 158 Name Storages Name STYLIO Motosumiyoshi 29 Kuramo Saginuma 410 Meguro STYLIO Myorenji II 12 Kuramo Hatanodai I 81 Tama Plaza terrace Musashikosugi Apartments 32 Kuramo Hiyoshi 245 Saginuma STYLIO Musashikoyama 15 Kuramo Takatsu 152 Futako tamagawa Rise S.C. STYLIO Den-en-chofu Honcyo 16 Kuramo Hatanodai II 155 Musashikosugi Tokyu Square 19 facilities facilities 1,043 5 facilities STYLIO Musashikoyama STYLIO Shinagawa STYLIO Hatanodai II Nakanobu Ohana Kuramo Concierge of Residence and Living 25

27 Life Service Business Customers Department stores Supermarkets Restaurants Fitness, Sports, Culture schools After-school day-care Security CATV, Internet Credit cards, Electric money Travel agency Out of home media Home Convenience services Other Cooperative planning / products Transmission of information Marketing / sales promotion <Life service business> Meet customer expectations and provide new value for life through the concerted efforts of the Group by leveraging abundant points of contact with customers in each business and function. Transportation business Becoming rail service areas where people can live vigorously and meaningfully in good health Cooperation among operations Real estate business Fulfill the role of keeping Tokyu s rail service areas being the main focus and stimulate demand for the transportation and real estate businesses, etc. 26

28 Home Convenience Service Business Tokyu Bell original services Tokyu Department Store Food Direct, Tokyu Department Store Liquor Direct Tokyu Store Net Super service IENAKA Service Senior Regular Visit Service Contact with customers made by visiting them directly Customers Catalogs Websites Bell Cast T V Telephone & Facsimile (Order takers) Products to deliver Cooking ingredients and commodities of Tokyu department store. Fresh foods and commodities of Tokyu Store Customer center Customer information *Use of data of TOKYU Point members (3 million members) Services to deliver House cleaning, Housekeeping service, and Helper service Maintenance of Tatami, Repair of sink and washbasin 27

29 Areas related to the Life Service Business Areas served by Tokyu Bell CATV business areas Tokyu 東急線 line 10km Shinjuku Minatomirai みなとみらい線 Line Tokyo Shinkansen 新幹線 Other その他の railways JR 線 私鉄線 Shimotakaido Shibuya 30km 20km Sangen-jaya Nakameguro Meguro Futako-tamagawa Gotanda Ookayama Oimachi Mizonokuchi Hatanodai Jiyugaoka Tama Plaza Den-en-chofu Chuo-rinkan Kodomonokuni Aobadai Nagatsuta Minami-machida Musashi-kosugi Hiyoshi Kikuna Kamata Kawasaki Hanada Airport 30km Chuo-rinkan Tokyu 東急線 line Minatomirai みなとみらい線 Line Shinkansen 新幹線 Other その他の railways JR 線 私鉄線 Aobadai Nagatsuta Minami-machida 20km its communications 10km Shimotakaido Sangen-jaya Hiyoshi Kikuna Shinjuku Shibuya Nakameguro Kamata Kawasaki Tokyo Meguro Gotanda Futako-tamagawa Ookayama Mizonokuchi Jiyugaoka Oimachi Hatanodai Tama Plaza Den-en-chofu South Tokyo Kodomonokuni Musashi-kosugi Cabletelevision Hanada Airport 40km Yokohama 40km Yokohama Cable Vision Yokohama Motomachi-chukagai Motomachi-chukagai Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries Service area: 14 cities and wards of Tokyo and Kanagawa (Part of the coverage areas is excluded, as of May 31, 2013) Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries Subscriber Household - its communications: 1,294 thousand - Yokohama Cable Vision: 280 thousand - South Tokyo Cabletelevision: 200 thousand (Part of the coverage areas is excluded, as of March 31, 2013) *Yokohama Cable Vision Inc., South Tokyo Cabletelevision Inc. are related companies. 28

30 Life Service related Facilities Kids Base Camp (After School Day Care) Tokyu Seminar BE (Culture Schools) Other Sports Facilities KBC Sangen-jaya Futako-Tamagawa Tokyu Kenzan Sports Garden (Golf Range) KBC Sakura-shimmachi Jiyugaoka S Ing Himonya(Golf Range) KBC Yoga Yukigaya Tokyu Golf Park Tamagawa(Short Course) KBC Futako-Tamagawa Aobadai Tokyu Golf School Kouhoku KBC Mizonokuchi Tama-Plaza Tokyu Swimming School Azamino KBC Mizonokuchi Sakado 5 properties Tokyu Swimming School Tamagawa KBC Miyamaedaira Tokyu Swimming School Tama Plaza KBC Tama-Plaza Terrace Adidas Futsal Park Shibuya Fitness clubs KBC Aobadai Adidas Futsal Park Yokohama Kanazawa KBCα Toritsu-Daigaku Atrio Azamino Adidas Futsal Park Kenzan KBC Gotanda Oosaki Atrio Due Himonya Adidas Futsal Park Ikebukuro KBC Yukigaya Atrio Due Tama-Plaza Adidas Futsal Park Kawasaki KBC Yukigaya-West Atrio Due Aobadai 12 properties KBC Ooimachi Atrio Due Musashikoyama KBC Shimomaruko 5 properties KBC Toyosu Shinonome KBC Musahi-Kosugi Tokyu Square KBC Musahi-Kosugi Motosumiyoshi KBC Hiyoshi Tennis Courts (Excluding accommodations with tennis courts) Den-en Tennis Club KBC Ookurayama Tokyu Azamino Tennis Garden 20 properties 2 properties As of April 30, 2013 Kids Base Camp Tokyu Seminar BE Atrio Due Tama Plaza Den-en Tennis Club Adidas Futsal Park 29

31 Urban development in Vietnam, Binh Duong Province (1) <Vietnam, Binh Duong New City> Export an urban development package to fast-growing Vietnam for the first time as a Japanese company, leveraging our expertise cultivated in the Tokyu Tama Den-en-toshi area. Execution entity Becamex Tokyu Co., Ltd. (Tokyu Corporation 65%, Becamex 35%) Location Vietnam, Binh Duong Province, Binh Duong New City Project area: approx. 110 hectare (site area: approx. 71 hectare) Hanoi Route 13 Binh Duong Province Binh Duong New City [ 集合住宅イメージ ] Tansonnhat Airport Ho Chi Mihn City Ho Chi Minh City 30

32 Urban development in Vietnam, Binh Duong Province (2) Profile of Binh Duong Province, Vietnam - Located 30 km north of the center of Ho Chi Minh City, Binh Duong Province is one of the key economic zones in the south of Vietnam - The government of Binh Duong Province is proactive in promoting business, and its GDP growth rate in 2012 was 12.5% - With an influx of Japanese and other foreign companies into the industrial parks in recent years, the area is noted for its development potential Overview of Binh Duong New City - Total development area: Approx. 1,000 ha - Development amalgamating government, industry, academia, housing and leisure - Aiming at population of 125,000 people and employment of 400,000 people Office, Commercial facilities Administration center Medium-rise Condominiums Cultural facilities Medium-rise Condominiums GARDEN-CITY Detached houses, Condominiums CORE-CITY CITY Multipurpose Building (Offices, Commercial facilities, Residential houses) GATE-CITY Condominiums, Commercial facilities, Amusement facilities Detached houses Park Office, Commercial facilities Sports facilities TOKYU BINH DUONG GARDEN CITY - Approximately 7,500 residential houses, commercial facilities and offices billion real estate business in total in a development area Business partner: BECAMEX IDC CORP. - The Company is a developer that has mainly been engaged in the maintenance and service of industrial parks, residential areas, urban transport infrastructure, and so forth since its founding in (Wholly owned subsidiary of the government of Binh Duong Province) 31

33 Yanchep District Land Development in Western Australia <Western Australia, Yanchep Area> Commence an employment promotion project (enticement of companies and education facilities, etc. and leasing and sale of plots), in addition to the ongoing development and sales business of residential land, in Yanchep located in the suburbs of Perth, the fourth largest city in Australia where population is growing. Western Australia Northern Territory Queensland South Australia [Reference] Sydney : 33 degrees south latitude, Kagoshima: 32 degrees north latitude Adelaide Melbourne New South Wales Victoria Tasmania Sydney Owned by Tokyu Corporation Owned by its subsidiary (joint venture company) Area being developed Approx. 7,000 hectares (including sold plots) Of which, approx. 2,100 hectares are owned by Tokyu Corporation and its subsidiary Location Approx. 50km from the center of Perth Opening of a railway station planned in 2020 Future population planned Settlement: 150,000 people, Employed: 55,000 people Progress and future plans 1974: Participated in the project 1995: Signed an MOU with the government of Western Australia 2004: Yanchep Sun City Pty. Ltd. entered a joint venture on development of residential lots 2006: St Andrews Private Estate Pty. Ltd. started a joint employment promotion project. 2012: A shopping center to be opened by a local partner : Campus City Phase I to be completed 2020: A railway station to be opened 32

34 Major Office Properties 15km 10km Tokyu line Minatomirai Line Shinjuku Shinkansen Other railways Shibuya Futako-tamagawa Jiyugaoka 15 1 Planned project sites Developed properties km Tokyo Meguro Gotanda Shinagawa Oimachi Yokohama Yokohama area 9 7 Minato-mirai Planned Properties 1 Project name Futako-tamagawa East Region Redevelopment (2nd Phase) (*1) Shibuya Miyashitacho Apartment 2 Vacant Lot Project (*1) 3 Shibuya Station South Area Development Project 4 Shibuya Station Area Development Project Planned completion date Total floor area (m2 ) Apr FY2015 Building hight 30 stories above ground approx. 156,400 (*3) and 2 basement levels approx. 36,170 (*3) 18 stories above ground and 2 basement levels 33 stories above ground FY2017 approx. 117,500 (*3) and 5 basement levels FY stories above ground (East) approx. 270,0000 (*3) and 7 basement levels FY2027 (East), etc. (Central, West) Developed Properties Facility name Completed Total floor area (m 2 ) Building hight 5 Kojimachi Tokyu Building Mar stories above ground 10,264 and 2 basement levels 11 stories above ground 6 Shibuya Higashiguchi Building (*1) Oct ,037 and 3 basement levels 14 stories above ground 7 Yaesu Center Building (*1) Sep ,987 and 3 basement levels 27 stories above ground 8 Carrot Tower (*1) Nov ,364 (*3) and 5 basement levels 36 stories above ground 9 Queen's Square Yokohama (*1) June ,385 (*3) and 5 basement levels (entire bldg.) 23 stories above ground 10 Shibuya Mark City (*1) Feb ,520 (*3) and 1 basement level (Office Tower) 11 Cerulean Tower (*2) Mar stories above ground 105,949 (*3) and 6 basement levels 17 stories above ground 12 JR Tokyu Meguro Building (*1) Mar ,221 (*3) and 4 basement levels 13 Tokyu Toranomon Building Apr , stories above ground 29 stories above ground 14 Tokyu Capitol Tower July ,428 (*3) and 4 basement levels 16 stories above ground 15 Futako Tamagawa Rise Office (*1) Nov ,750 (*4) and 2 basement levels (Area I-b) 16 Tokyu Bancho Building (*1) Sep , stories above ground 17 Shibuya Hikarie (*1) Apr ,546 (*3) (*1) Property sectionally owned or co-owned with other company (*2) Property belonging to our consolidated SPC (*3) Property's total area, including areas used for other purposes (*4) I-b blocks total As of March 31, stories above ground and 4 basement levels 33

35 Leasing Facilities (Non-Consolidated) Major Leasing Facilities As of March 31, 2013 Facility name Location Primary uses Tama Plaza Terrace Aoba-ku, Yokohama-city Store 5 stories above ground and one basement level, etc ,845 Queen's Square Yokohama Nishi-ku, Yokohama-city Office, Store, Hotel 36 stories above ground and five basement level, etc Part of the sectional ownership is in common possession (19%). 71,141 Of the rental area, 23,000 m2 is used as offices. Aobadai Tokyu Square Aoba-ku, Yokohama-city Store 7 stories above ground and three basement level, etc ,144 Shibuya Hikarie Shibuya-ku, Tokyo Store, Cultural facility, Office 34 stories above ground and four basement level ,870 Sectional ownership, Part is in common possession Tokyu Capitol Tower Chiyoda-ku, Tokyo Hotel, Office 29 stories above ground and four basement level ,435 Grandberry Mall Machida-city, Tokyo Store 4 stories above ground, etc ,029 Futako Tamagawa Rise Setagaya-ku, Tokyo Store, Office 16 stories above ground and two basement level, etc ,355 Sectional ownership, Part is in common possession Tokyu Toyoko Store West / South Building Shibuya-ku, Tokyo Store 11 stories above ground and two basement level ,444 Tokyu Hiyoshi Station Building Kohoku-ku, Yokohama-city Store 6 stories above ground and one basement level ,371 Korinbo First Kaihatsu Building Kanazawa-city, Ishikawa Hotel, Store 17 stories above ground and three basement level ,353 Part is rented condominiums (79 m2 ). Of the rental area, the area for the hotel is 17,000 m 2. Tokyu Chuorinkan Building Yamato-city, Kanagawa Store 3 stories above ground and two basement level ,420 Shibuya Mark City Shibuya-ku, Tokyo Office, Store, Hotel 25 stories above ground and two basement level, etc Common ownership (26%). 20,412 Of the rental area, the area for offices is 9,000 m 2. Machida Terminal Plaza Machida-city, Tokyo Store, Substation 8 stories above ground and two basement level ,972 Sectional ownership (69%). Tokyu Susukino Building Aoba-ku, Yokohama-city Store 2 stories above ground ,777 JR Tokyu Meguro Building Shinagawa-ku, Tokyo Office 17 stories above ground and four basement level ,400 Sectional ownership (49%). Tokyu Bancho Building Chiyoda-ku, Tokyo Office 11 stories above ground ,670 Sectional ownership (95%). Tokyu Jiyugaoka Building Meguro-ku, Tokyo Store 5 stories above ground and one basement level ,575 Tokyu Toranomon Building Minato-ku, Tokyo Office 10 stories above ground ,017 Carrot Tower Setagaya-ku, Tokyo Office 27 stories above ground and five basement level, etc ,162 Sectional ownership (20%). STYLIO Yamashita Koen The Tower Naka-ku, Yokohama-city Residence,Store 18 stories above ground and two basement level ,157 Kojimachi Tokyu Building Chiyoda-ku, Tokyo Office 8 stories above ground and two basement level ,257 Tokyu Azamino Building Aoba-ku, Yokohama-city Store 3 stories above ground and two basement level ,981 Remy Gotanda Shinagawa-ku, Tokyo Store 8 stories above ground and two basement level ,727 Tokyu Square Garden-Site Ota-ku, Tokyo Store 2 stories above ground, etc ,501 Tokyu Hakata Building Fukuoka-city, Fukuoka Hotel 13 stories above ground and one basement level ,135 Tokyu Shibuya Ekimae Building Shibuya-ku, Tokyo Store 7 stories above ground and three basement level ,047 Size Completion Rental area (m 2 ) Remarks 34

36 Major Commercial Facilities along the Tokyu Lines [Tama-plaza] - Tama Plaza Terrace - Tokyu Dept. Store s Tama-Plaza Store [Azamino] - AZAMINO MIKITEI [Aobadai] - Aobadai Tokyu Square [Machida] - Machida Tokyu Twins -109 MACHIDA 30km 20km [Futako-tamagawa] - Futako-tamagawa Rise Shopping Center Futakotamagawa 10km Shibuya Kamata Tokyo Oimachi Haneda Airport [Shibuya] - Tokyu Dept. Store s Head Store - Tokyu Dept. Store s Toyoko Store - SHIBUYA MEN S - ONE OH NINE - Shibuya Mark City * Joint project of Tokyo Metro Co., Ltd. and Keio Corporation -Shibuya Hikarie ShinQs (Tokyu Dept. Store) [Gotanda] - remy Gotanda As of April 30, 2013 [Jiyugaoka] - Fullel with Jiyugaoka -Trainchi Chuo-rinkan [Minami-machida] - Grandberry Mall [Saginuma] -Fullel Saginuma [Center Minami] - Kohoku Tokyu S.C. Yokohama [Musashi-kosugi] - Musashi Kosugi Tokyu Square [Hiyoshi] - Hiyoshi Tokyu Avenue [Minatomirai] - Queens Square Yokohama [at!] - QUEEN S EAST Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries [Den-en-chofu] - Tokyu Square Garden-Site : Tokyu Store Tokyu Tama Den-en-toshi area : Tokyu Line : Minatomirai Line : Shinkansen : Other railways 35

37 Retail related Facilities < Department Store > < Chain Store > As of April 30, 2013 Tokyu Dept. Store Department area Tokyu Store (Supermarket) Sales space Sales space Tokyu Store (GMS) Sales space Head Store 35,637m2 Tokyo Metropolis Total 39 stores Total of 30 stores in Kanagawa Prefecture Akiruno Store 11,856m2 Toyoko 19,662m2 Ayase Store 1,982m2 Azamino Store 2,219m2 Isehara Store 5,669m2 Kichijoji 31,731m2 Ebara-Nakanobu Store 638m2 Ichigao Store 1,377m2 Kanamachi Store 4,403m2 Tama-Plaza 32,519m2 Ookayama Store 996m2 Eda Store 905m2 Kawabe Store 9,901m2 Sapporo 30,084m2 Omori Store 2,721m2 Okurayama Store 351m2 Kamakura Store 5,481m2 Food Patio Re Ci Pe Aobadai 3,163m2 Gakugeidaigaku Store 615m2 Kajigaya Store 1,339m2 Kamata Store 3,917m2 NaganoTokyu 22,166m2 Kamiikedai Store 1,085m2 Kanazawa Seaside Store 1,635m2 Shonan Store 8,629m2 Futako Tamagawa FoodShow 5,288m2 Kinshicho Store 4,217m2 Kikuna Store 1,982m2 Chuo-Rinkan Store 10,590m2 ShinQs(Shibuya Hikarie) 15,817m2 Kugahara Store 925m2 Saginuma Store 2,401m2 Chofu Store 5,416m2 Musahi-Kosugi TOKYU Foodshow Slice 630m2 Koenji Store 696m2 Shinmaruko Store 1,406m2 Nakayama Store 5,710m2 Total 10 stores 196,697m2 Gotanda Store 1,774m2 Sugita Store 2,236m2 Tokyu Store (GMS): Total 10 stores 71,572m2 Komazawa-Dori Nozawa Store 718m2 Susukino Store 5,611m2 < Shopping Center > Sangenjaya Store 3,635m2 Tachibanadai Store 981m2 Precce Sales space Leasable space Kiyomizudai Store 859m2 Tana Store 821m2 Denenchofu Store 949m2 Shibuya Mark City 7,734m2 *1 Jiyugaoka Store 1,343m2 TamaPlaza Terrace Store 998m2 Naka-Meguro Store 1,251m2 Futako Tamagawa Rise Shopping Center 25,553m2 *5 *6 Shiroganedai Store 735m2 Tsunashima Store 998m2 Meguro Store 1,202m2 Tokyu Malls Development (TMD): Total 17 facilities Senzoku Store 934m2 Tsunashima Ekimae Store 435m2 Nihonbashi Store 622m2 SHIBUYA109 7,227m2 Takashimadaira Store 3,619m2 Totsuka Store 1,663m2 Premium Tokyo MidTown Store 1,065m2 109MEN'S(109-2) 3,396m2 Tachikawa Station Minamiguchi Store 1,277m2 Nakamachidai Store 1,228m2 Precce: Total 5 stores 5,089m2 ONE-OH-NINE 6,238m2 Tsukushino Store 2,712m2 Negishi Store 1,445m2 109MACHIDA 4,536m2 Toritsu-Daigaku Store 1,452m2 Hashimoto Store 3,745m2 Chain Store: Total 90stores 188,523m2 KOHRINBO109 6,159m2 Nakano Store 1,399m2 Higashi-Rinkan Store 2,143m2 SHIZUOKA109 6,831m2 Nagahara Store 1,727m2 Fujigaoka Store 1,832m2 SHIBUYA109ABENO 2,864m2 Nakameguro Head Store 1,920m2 Mizonokuchi Store 930m2 KOHOKU TOKYU S.C. 44,452m2 Nishi-Koyama Store 557m2 Miyamaedaira Store 1,266m2 Hachioji Tokyu Square 10,172m2 Parm Musashi-Koyama Store 991m2 Miyazakidai Store 914m2 Queen's Square YOKOHAMA [at!] 11,729m2 Higashi-Nagasaki Store 1,438m2 Mukogaoka-Yuen Store 693m2 Tokyu Square Aobadai 26,249m2 *4 Futako Tamagawa Rise Store 1,082m2 Musashikosugi Store 809m2 GRANDBERRY MALL 32,054m2 *2 Fudomae Store 773m2 MALera Higashi-Totsuka Store 1,319m2 TAMAPLAZA TERRACE 31,488m2 *2 *3 Magome Store 789m2 Yokodai Store 1,521m2 TOKYU SQUARE garden-site 4,577m2 *2 Machida Store 1,466m2 Yokohama Chikagai Store 1,094m2 Azamino MIKITEI 3,029m2 Mitaka Store 532m2 Total of 6 stores in Chiba, Saitama, and Shizuoka Prefectures 109MEN'S TENJIN CORE 643m2 Mitaka Center Store 1,445m2 LaLaport KASHIWANOHA Store 1,987m2 109MEN'S SAPPORO 4CHOME PLAZA 635m2 Minami Machida Store 2,080m2 Ageo Store 1,944m2 Tokyo Corporation: Total 3 facilities Musashikoyama Store 929m2 Kita-Koshigaya Store 1,841m2 Musahi-Kosugi Tokyu Square 8,329m2 Musashikoyama Station building Store 1,067m2 Shimoda Store 4,488m2 remy gotanda 6,727m2 *2 Meguro Store 1,100m2 Izu Kogen Store 383m2 Trainchi 1,082m2 Yukigaya Store 1,403m2 Kawana Store 469m2 Tokyu Department Store: Total 3 facilities Yaguchi Store 537m2 Tokyu Store (Supermarket): Total 75 stores 111,862m2 Machida Tokyo Twins 31,423m2 *2 Yutenji Store(provisional) 285m2 Hiyoshi Tokyu Avenue 16,755m2 QUEEN'S EAST 17,976m2 Facilities reflected Tokyu Store: Total 2 facilities in our consolidated segments fullel Saginuma 5,137m2 *2 fullel with Jiyugaoka 3,710m2 *2 Total 27 facilities 326,705m2 Life service business *1: Entire commercial facilities *4: Including Food Patio Re-Ci-Pe Aobadai *2: Including Tokyu Store or Precce *5: Sectional ownership, Part is in common possession *3: Not including Tokyo Department Store TamaPlaza Store *6: Including Futako Tamagawa FoodShow,Tokyu Store Real estate business 36

38 Hotel and Resort Facilities TOKYU HOTEL EXCEL HOTEL TOKYU Franchise Agreement Hotel Name Rooms Name Rooms Name Rooms The Capitol Hotel Tokyu 251 Sapporo Excel Hotel Tokyu 388 Kushiro Tokyu Inn 150 Cerulean Tower Tokyu Hotel 411 Akasaka Excel Hotel Tokyu 487 Obihiro Tokyu Inn 171 Pan Pacific Yokohama Bay Hotel Tokyu 480 Shibuya Excel Hotel Tokyu 408 Ueda Tokyu Inn 133 Nagoya Tokyu Hotel 562 Haneda Excel Hotek Tokyu 387 Wakayama Tokyu Inn 165 Kyoto Tokyu Hotel 432 Narita Excel Hotel Tokyu 706 Kokura Tokyu Inn properties 2,136 Toyama Excel Hotel Tokyu 210 Kumamoto Tokyu Inn 140 Kanazawa Excel Hotel Tokyu 236 Tateshina Tokyu Resort 78 Hakata Excel Hotel Tokyu 308 Hotel Tokyu Bizfort Hiroshima 239 TOKYU INN 8 properties 3,130 8 properties 1,266 THE CAPITOL HOTEL TOKYU TOKYU HOTEL EXCEL HOTEL TOKYU TOKYU INN TOKYU RESORT HOTEL TOKYU BIZFORT Affiliated Hotels Tokai, Chubu Chugoku, Shikoku As of March 31, 2013 Hokkaido Tohoku Name Rooms Sapporo Tokyu Inn 575 TOKYU RESORT Affiliated hotels Shimbashi Atagoyama Tokyu Inn 431 Name Rooms Shibuya Tokyu Inn 225 Name Rooms Hotel Gran Deco 103 Omori Tokyu Inn 197 Hakuba Tokyu Hotel 102 Viale Osaka 36 Kichijoji Tokyu Inn 234 Imaihama Tokyu Resort 134 The Mauna Lani Bay Hotel & Bungalows 356 Niigata Tokyu Inn 309 Shimoda Tokyu Hotel properties 495 Matsumoto Tokyu Inn 160 Miyakojima Tokyu Resort 248 Nagoya Sakae Tokyu Inn properties 599 Total 45 properties 12,242 Shin -Osaka Esaka Tokyu Inn 363 Total 48 properties Osaka Tokyu Inn 402 (Including affiliated hotels) 12,737 Kobe Tokyu Inn 235 TOKYU BIZFORT Matsue Tokyu Inn 181 Shimonoseki Tokyu Inn 128 Name Rooms Tokushima Tokyu Inn 138 Hotel Tokyu Bizfort Naha 215 Takamatsu Tokyu Inn 191 Hotel Tokyu Bizfort Kobe-Motomachi 191 Matsuyama Tokyu Inn 245 Hotel Tokyu Bizfort Hakata 204 Kagoshima Tokyu Inn properties properties 4,501 Kyusyu, Okinawa Kinki Cerulean Tower Tokyu Hotel Kanto Big Week Golf Courses (Time-share resort ) Name Rooms Name Big Week Kyoto 21 Tokyu Seven Hundred Club Big Week Karuizawa 30 Five Hundred Club Big Week Tateshina 31 Grand Oak Golf Club Big Week Izukogen 26 Grand Oak Players Course Big Week Hakonegora 30 Emerald Coast Golf Links Big Week Izu Imaihama 5 The Francis H.I'i Brown Golf Course Big Week Kanazawa 6 Three Hundred Club Big Week Nasu 8 7 properties Big Week Okinawa 3 9 properties 160 Big Week Kanazawa Emerald Coast Golf Links 37

39 Outline of Employees History of the Number of Employees (Non-consolidated) Age Structure of Employees (Non-consolidated) Others Railway business Total (persons) Other businesses Temporary transferees Total(Excluding temporary transferees) (years old) ~19 23 Employees Temporary transferees As of March 31, ~ ,159 5,037 4,973 4,994 4,966 3,477 3,495 3,508 3,383 3,403 5,184 5,265 5,267 3,663 3,756 4,217 5,063 5,027 4,088 4,188 25~29 30~34 35~39 40~ ~ (persons) 160 FY03/04 FY03/05 FY03/06 FY03/07 FY03/08 FY03/09 FY03/10 FY03/11 FY03/12 FY03/13 History of New Recruits (Non-consolidated) 50~54 55~ (persons) 35, (persons) 554 History of Number of Employee (Consolidated) ,000 25,000 20,000 15,000 27,439 25,082 24,962 24,447 24,768 25,109 24,273 23,698 23,104 21, , , FY03/04 FY03/05 FY03/06 FY03/07 FY03/08 FY03/09 FY03/10 FY03/11 FY03/12 FY03/13 Number of Consolidated Subsidiaries Including Tokyu FY03/04 FY03/05 FY03/06 FY03/07 FY03/08 FY03/09 FY03/10 FY03/11 FY03/12 FY03/

40 Comparison of Shareholder s Structure (%) Individuals/ Major Private Railways (Excluded Tokyu) Financial Institutions/Tokyu Financial institutions/ Major Private Railways (excluded Tokyu) Individuals/ Tokyu Internationals/ Tokyu Internationals/ Major Private Railways (Excluded Tokyu) /1998 3/1999 3/2000 3/2001 3/2002 3/2003 3/2004 3/2005 3/2006 3/2007 3/2008 3/2009 3/2010 3/2011 3/2012 Tokyu: Financial Institutions Tokyu: Internationals Tokyu: Individuals Major Private Railways: Financial Inst Major Private Railways: Internationals Major Private Railways: Individuals * Above one unit of shares * Major Private Railways are 12 companies excluding Tokyu Corp.. 39

41 Selected as a theme-based stock on the Tokyo Stock Exchange The Tokyo Stock Exchange Group announces theme-based issues as part of its +YOU project aimed at supporting the Japanese economy. Of the four rounds of announcements on theme-based issues, Tokyu Corporation was selected for two themes. First round An indicator that points to a business showing ability to sustain growth: ESG Third round A litmus test for diversity management: Encourage Women s Success Company name Industry Asahi Group Holdings, Ltd. Foods Idemitsu Kosan Co., Ltd. Energy resources Toray Industries, Inc. Raw materials/chemicals Tsumura & Co. Pharmaceuticals Nissan Motor Co., Ltd. Automobiles/Transportation equipment Asahi Holdings, Inc. Steel/Non-ferrous metals Komatsu Ltd. Machinery Nidec Corporation Electric appliances/precision instruments KDDI Corporation IT/Services Osaka Gas Co., Ltd. Electric power, Gas Tokyu Corporation Transportation, Logistics ITOCHU Corporation Commercial, Wholesale trade Fast Retailing Co., Ltd. Retail trade Mitsubishi UFJ Financial Group, Inc. Banks Ricoh Leasing Co., Ltd. Financials (ex banks) [The Company s initiatives (reason behind the selection)] Placing safety and security on the foundations of its businesses, the Company promotes CSR in various fields, including transportation, real estate and retail businesses, and implements initiatives aimed at creating barrier-free facilities and railway cars, introducing new energy-saving railway cars and utilizing renewable energy at the Company s facilities. Company name Industry Maruha Nichiro Holdings, Inc. Fishery, Agriculture, Forestry Sekisui House, Ltd. Construction Asahi Group Holdings, Ltd. Foods Toray Industries, Inc. Textile products Kao Corporation Chemicals Sumitomo Rubber Industries, Ltd. Rubber products Asahi Glass Co., Ltd. Glass/Ceramic products Daido Steel Co., Ltd. Iron/Steel Sumitomo Metal Mining Co., Ltd. Non-ferrous metals Daikin Industries, Ltd. Machinery Nissan Motor Co., Ltd. Transportation equipment Nikon Corporation Precision instruments Tokyu Corporation Land transportation KDDI Corporation Information/Communication Toyota Tsusho Corporation Wholesale trade Fast Retailing Co., Ltd. Retail trade Sumitomo Mitsui Financial Group Banking [The Company s initiatives (reason behind the selection)] Having started hiring women to fill positions linked to major career paths in FY1988, the Company hires both men and women without discrimination and determines assignments from a broad perspective, irrespective of gender. The Company also started to hire full-time employees for on-site work in railway stations in Women are advancing into managerial positions at the company, and currently, a total of 11 female managers, including one department head, play an active role in their respective workplace. 40