The Consolidated Segment and Constituent Companies

Transcription

1 The Consolidated Segment and Constituent Companies Consolidated subsidiaries: 129 Equity-method affiliates: 17 Transportation 21 Railway Operations Bus Operations Tokyu Bus Other Sendai International Airport as of March 31, 2017 Real Estate Real estate leasing Real estate sales 25 Real estate management Other Tokyu Facility Service Life Service Retail Department store operations Tokyu Department Store 20 Chain store operations Shopping center Tokyu Store Chain Tokyu Malls Development 45 ICT and Media 25 C A T V Advertisement other its communications Tokyu Agency Tokyu Recreation Tokyu Power Supply Hotel and Resort Domestic hotels Tokyu Hotels Overseas hotels Mauna Lani Resort 43 other has an overlap in terms of segmentation by business line 8

2 Regional Map of Tokyu Area 40km Tokyu Line Minatomirai Line Directly connected subway lines JR Yamanote Line Shinkansen Other Major Lines 30km Kodomonokuni Aobadai Nagatsuta Minami-machida Chuo-rinkan 20km Tama-plaza * 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) Futako-tamagawa Jiyugaoka Mizonokuchi Musashi-kosugi Kikuna Yokohama 10km Shinjuku Shimotakaido Shibuya Den-en-chofu Tamagawa Hiyoshi Sangen-jaya Illustrations and figures prepared by Tokyu Retail Area Marketing System (TR AMS) Map prepared by Copyright KOKUSAI KOGYO CO., LTD. - Sumitomo Electric Industries, Ltd. Meguro Gotanda Ookayama Oimachi Hatanodai Kawasaki Nakameguro Kamata Motomachi-Chukagai Tokyo Haneda Airport Areas served by Tokyu s railway lines (defined as the 17 cities and wards with Tokyu s railway lines) Area: 492km 2 Population 5.34 million (including foreign residents) 5.22 million (Japanese only) Both of the above account for 15% of the total for Tokyo and three prefectures in the Tokyo metropolitan area (Source: Basic Resident Register as of Jan 1, 2016) Taxable income per person: 1.5 times higher than the national average Number of households with household income of 10 million yen or more: 290,000 22% of the total in Tokyo and three prefectures in the Tokyo metropolitan area (Source: Housing and Land Survey 2013) Amount of consumer spending in the areas: Estimated to be 8 trillion billion yen* Tokyu Tama Den-en Tosh (Tokyu Tama Garden City) Area: 50km 2 Population: 620 thousand people (as of March 31, 2017) Ranking of attractive towns to live st Ebisu 11th Hiroo 2nd Kichijoji 12th Kamakura 3rd Jiyugaoka 13th Daikanyama 4th Meguro 14th Ogikubo 5th Futako-tamagawa 15th Tokyo 6th Nakameguro 16th Shibuya 7th Omotesando 17th Aoyama-itchome 8th Shinagawa 18th Azabu-juban 9th Musashi-kosugi 19th Yotsuya 10th Yokohama 20th Mejiro Source: Questionnaires of MAJOR 7 9

3 Passengers at major stations on Tokyu Lines and average land price of residential area 40 km Musashiurawa Minamikoshigaya Minaminagareyama Kashiwa Illustrations and figures prepared by Tokyu Retail Area Marketing System (TR AMS) Map prepared by Copyright KOKUSAI KOGYO CO., LTD. - Sumitomo Electric Industries, Ltd. 30 km Niiza Tokorozawa 20 km Akabane Matsudo Kitasenju 10 km Hachioji Tachikawa Machida Chuorinkan Shinyurigaoka Azamino Aobadai Nagatsuta Chofu Kichijoji Sangenjaya Futakotamagawa Mizonokuchi Jiyugaoka Nakameguro Tsunashima Kikuna Hiyoshi Ikebukuro Shinjuku Musashikosugi Shibuya Meguro Tokyo Gotanda Oimachi Kamata Ueno Maihama Nishifunabashi Official land price of residential area for 2011 to % or more 10% or more and less than 20% 0% or more and less than 10% -10% or more and less than 0% Less than -10% Passengers at major stations for FY2011 to FY2016 Increase of 20% or more Increase of 15% to less than 20% Increase of 10% to less than 15% Increase of 5% to less than 10% Increase of less than 5% Yokohama Kamiooka - Passengers at major stations on Tokyu Lines (over 100 thousand people,excluding those of JR and other lines): based on a survey carried out by - Official land price of residential area: based on an announcement made by the Ministry of Land, Infrastructure, Transport and Tourism 10

4 Passengers at major stations on Tokyu Lines and changes in working-age population 40 km Musashiurawa Minamikoshigaya Minaminagareyama Kashiwa Illustrations and figures prepared by Tokyu Retail Area Marketing System (TR AMS) Map prepared by Copyright KOKUSAI KOGYO CO., LTD. - Sumitomo Electric Industries, Ltd. 30 km Niiza Tokorozawa 20 km Akabane Matsudo Kitasenju 10 km Tachikawa Kichijoji Ikebukuro Shinjuku Ueno Tokyo Nishifunabashi Changes in working-age population for 2011 to % or more Hachioji Shinyurigaoka Chofu Sangenjaya Nakameguro Futakotamagawa Mizonokuchi Jiyugaoka Shibuya Meguro Gotanda Oimachi Maihama 5% or more and less than 10% 0% or more and less than 5% -5% or more and less than 0% Less than -5% Machida Azamino Aobadai Hiyoshi Musashikosugi Kamata Passengers at major stations for FY2011 to FY2016 Increase of 20% or more Increase of 15% to less than 20% Chuorinkan Nagatsuta Tsunashima Kikuna Increase of 10% to less than 15% Increase of 5% to less than 10% Increase of less than 5% Increase of less than 5% Yokohama Kamiooka - Passengers at major stations on Tokyu Lines (over 100 thousand people,excluding those of JR and other lines): based on a survey carried out by - Population: based on the population stated in the basic residential register published by the Ministry of Internal Affairs and Communications 11

5 Population along the Tokyu Lines Source: "The Population Summary of the Basic Resident Register" (Ministry of Internal Affairs and Communications; :as of March 31 every year :as of January 1, every year) 12

6 Population along the Tokyu Lines (Forecast) (Thousand people) 6,000 Nationwide Tokyo, Kanagawa, Chiba, Saitama 17 cities and wards served by Tokyu Line , ,354 (+2.5%) ,395 (+3.3%) FY2010 FY2015 FY2020 FY2025 FY2030 FY ,389 (+3.2%) ,346 (+2.4%) ,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 * Source: 2013 data of the National Institute of Population and Social Security Research (by municipality) 13

7 Effects of Development of Railway Networks Chuo-rinkan Sotetsu Line Motomachichukagai Toyoko Line Meguro Line Den-en-toshi Line Oimachi Line Nishiya Yokohama Kodomonokuni Line Nagatsuta Shin-yokohama Ikegami Line Tamagawa Line Kodomonokuni Line Setagaya Line Azamino Sotetsu-Tokyu direct train service (FY2022 Second half, Planned) Kikuna Minatomirai Line opened (Feb.2004) Tama Plaza Mizonokuchi New Airport Line Plan Oimachi Line Express service began (Mar. 2008) Extension to Mizonoguchi (July 2009) Futako-tamagawa Haneda Airport Setagaya Line Sangen-jaya Tobu Line Seibu Line Shinjuku Shibuya Meguro Line Naka-meguro Extension to Hiyoshi (June 2008) Jiyugaoka Tamagawa Ookayama Meguro Den-en-chofu Musashi-kosugi Hiyoshi Kamata Hatanodai Oimachi Ikebukuro Tokyo Metro Fukutoshin Line Tokyo Metro Hanzomon Line Toyoko Line Mutual direct train service(mar.2013) Tokyo Metro Namboku Line Gotanda Toei Mita Line Tokyo JR Yamanote Line Meguro Line Mutual direct train service(sep.2000) Otemachi Changes in the number of passengers carried and passenger revenue (with the figures in 2000/3 as 100) Number of passengers carried Passenger revenue Sep. Mutual direct transportation between Meguro Line and Namboku Line / Mita Line. Mar. Fare revision Sep. Meguro Line express service began Feb. Minatomirai Line opened 2000/3 2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3 2011/3 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 Mar. Oimachi Line express service began July Oimachi Line extended to Mizonokuchi June Meguro Line extended to Hiyoshi Mar. Mutual direct transportation between Toyoko Line and Fukutoshin Line 14

8 Further Development of Railway Networks Sotetsu-Tokyu direct train Outline Effects Burden Opening for Sotetsu Line A link line between Sotetsu line and Tokyu Hiyoshi Station via Shin-Yokohama Better access to Shin-Yokohama (Shinkansen) from TOKYU Area A new network created by mutual direct train service operation with Sotetsu Line (Based on Law for promoting Convenience Urban Railways) - National Government - Local Government - JRTT FY2022 Second half (planned) Shin-yokohama Each entity will pay one-third of the cost Toyoko Line Shibuya Redevelopment Tamagawa Jiyugaoka Kita-sando Shibuya Meguro Line for Shinjuku, Ikebukuro Meguro Olympics Stadium for Tameike-sanno, Otemachi Shinkansen Yokohama for Minatomirai, Motomachi chukagai Shin-yokohama Hiyoshi Save approx. 11 min. Toyoko Line 41min. 30min. Musashi-kosugi Shibuya for Haneda Airport Tokyu Tamagawa Line Kamata New Airport Line Outline In January 2000, the 18th report by the Council for Transport Policy recommended the construction of a new line that shortens the Keikyu Airport Line and the Tokyu Tamagawa Line. In the 198th report of the Council of Transport Policy in April 2016, this was positioned as a project that would contribute to improving airport access. MM21 District Haneda Airport Effects Improve access from Tokyu Area to the internationalized Haneda Airport 15

9 Further Improvement of Safety Measures by Installing Platform Doors Route Number of stations (As of March 31,2017) Total number of stations with home doors installed ~ Installed Station name Installed Station name Installed Station name Forecasts Station name During installation Toyoko Line Den-en-toshi Line Oimachi Line Shibuya Daikan-yama Naka-meguro Gakugeidaigaku Musahi-kosugi Yokohama 3 Shin-maruko Motosumiyoshi Kikuna(Down line) 6 Toritsu-daigaku Den-en-cho-fu Hiyoshi Okurayama Kikuna (Up line) Tammachi Miyamaedaira Oimachi 1 Mizonokuchi 3 Oyamadai, Midorigaoka, Nakanobu 4 Yutenji Jiyugaoka Tsunashima Myorenji Sangen-jaya komazawadaigaku Yoga Futakotamagawa Mizonokuchi Eda Ichigao 2 Kaminoge, Ebara-machi Installed Total Meguro Line Ikegami Line Tokyu Tamagawa Line Total Total Fixed platform fence with sensor 16

10 Advantages of Railway Business Comparison of Railway business revenue Comparison of Number of passenger carried Tokyo 東京メトロ Metro Tobu 東武 Tokyu 東急 Odakyu 小田急 Seibu 西武 Keikyu 京急 Keio 京王 Keisei 京成 Sotetsu 相鉄 Comparison of Fare revenues for a passenger train per kilometer operated Tokyo 東京メトロ Metro Tokyu 東急 Keikyu 京急 Odakyu 小田急 Sotetsu 相鉄京王 Keio 京成 Keisei 西武 Seibu 東武 Tobu (unit: Million yen) 327, , , , ,130 81,972 80,313 62,244 32,961 (unit: Yen) 1, Tokyo 東京メトロ Metro Tokyu 東急 Tobu 東武 Odakyu 小田急 Keio Seibu 京王西武 Keikyu 京急 Keisei 京成 Sotetsu 相鉄 Comparison of Operating efficiency Tokyu 東急 Tokyo 東京メトロ Metro 小田急 Odakyu 京王 Keio 京急 Keikyu 西武 Seibu 相鉄 Sotetsu 東武 Tobu 京成 Keisei ((unit: Thousand people) 2,586,478 1,148, , , , , , , ,032 * Source: Securities reports of FY2016/3 and Oote Mintetsu No Sugao (actual state of major private railway companies) published by the Association of Japanese Private Railways. (unit: %)

11 Launching Airport Operation Business Increasing demand from air travelers in the Asia-Pacific region Expansion in the scale of PFI projects and an increase in inbound travelers under the Japan Revitalization Strategy Profitability and growth in the airport operation business; an affinity with the Tokyu Group s expertise Objectives of entry into business Outline of Sendai Airport business Business form Scope of operation Period Acquisition of a growth business The Group s growth in the medium to long terms Expansion of the PFI/PPP market under the national strategy and growth associated with increasing demand for aviation service Expansion of business domain Expansion of opportunities for receiving orders based on a track record in operation Companies in the consortium Operation by an SPC that will be newly established Maintaining and managing runways, setting and collecting landing and takeoff charges Operations associated with passenger and cargo terminal buildings and parking facilities 30 years (there is an option of extending the period up to 30 more years) July 2016 Commencement of airport operation business (representative), Tokyu Land, Tokyu Agency, Tokyu Community, Tokyu Construction, Maeda Corporation, and Toyota Tsusho Superiority of the Company Operating airport and promoting area nearby are similar to Tokyu s existing business such as transportation hub management and urban area development and promotion Japan s first government-managed airport to be privatized Sendai Airport The Group is committed to promoting the revitalization of the Tohoku Region, making it a symbol of recovery from the Great East Japan Earthquake Annual number of takeoffs and landings: 46,000 times Annual number of passengers using the airport: 3.2 million (Breakdown) Domestic flights 3.0 million International flights 0.2 million Sendai Airport (For reference) Annual number of passen Haneda 72.7m Bristol, UK 6.3m Gold Coast, Australia 5.8m Sendai 3.2m Ranked 10th in Japan in terms of the number of Outline of airport passengers; the largest in the Tohoku region 17 minutes by rail from Sendai station Tokyo Sendai: approx.90minute(shinkansen) Characteristics of region Tokyo Population in Tohoku, Niigata, and Tochigi is million. Gross product in Tohoku, Niigata, and Tochigi is 47 trillion. There are abundant tourist resources in the Tohoku region(hot springs,skiing,sushi etc.) 18

12 Changes to Operating Structure due to Privatization of Sendai Airport Realize integrated and agile management by consolidating operators Operators Third sector (Miyagi Prefecture + Private company) Miyagi Prefecture Ministry of Land, Infrastructure, Transport and Tourism Before privatization Business Cargo building Passenger building Operation of commercial facilities Management of buildings Advertising at the airport Attraction of airline companies Promotion of airport utilization Parking Ground section (airstrip, etc.) Management Maintenance Setup and receipt of landing fees Management of airstrips and taxiways Midair section Management Control After privatization New operator *Continue to cooperate with Miyagi Prefecture in activities to attract airline companies. Sendai International Airport Co., Ltd., Maeda Corporation, Toyota Tsusho, Tokyu Land Corporation, Tokyu Agency, Tokyu Construction and Tokyu Community take a stake.) Ministry of Land, Infrastructure, Transport and Tourism 19

13 Latest Information on Sendai International Airport Target values:passengers, Cargo FY2014 (Results) Passengers 3,240,000 people Domestic 3,070,000 people FY2015 (Results) 3,110,000 people 2,950,000 people FY2016 (Results) 3,160,000 people 2,940,000 people FY2017 (forecast) 3,410,000 people 3,150,000 people FY2020 (Plan) 4,100,000 people 3,620,000 people FY2045 (Plan) 5,500,000 people 4,350,000 people Internatio nal 170,000 people 160,000 people 220,000 People 260,000 people 480,000 people 1,150,000 people Cargo 6,000 tons 8,000 tons 8,000 tons 8,000 tons 10,000 tons 25,000 tons Landing fee discount system: Introduced to promote launches of new services by airlines as well as an increase in the number of flights. International Domestic International New services *Applicable to new services unique to the airport. 100 % off 75 % off 50 % off 1 st year 2 nd year 3 rd year 80 % off 50 % off 1 st year 2 nd year 20 % off 3 rd year Increase the capacity *Applicable to international flights only Landing fees that have increased from the previous year due to increased volume (increase in the number of flights and size of fleets) are discounted. 1st flight Previous year 75 %off 2 nd flight 1st flight Current year 20

14 Establishment of Global Infrastructure Management Co., Ltd. [Background] The market for operating rights to public facilities (concession) is expanding with the revision of the PFI law, among other factors, in The inbound market is expanding and long-term growth is expected for aviation demand. Given the experience from managing projects for Sendai International Airport and other facilities, we realized again the importance of developing specialists and accumulating expertise We will develop specialists and accumulate expertise in the management business for infrastructure including airports, and seek to acquire business opportunities in collaboration with companies that form the best consortiums for each business area, enabling us to respond to concession and other needs. Sendai International Airport Companies forming consortiums Provision of information New company Provision of human resources and expertise [Overview of the company] Name: Global Infrastructure Management Co., Ltd. Establishment date: April 3, 2017 Capital: 50,000,000 yen Investment ratio: Initially 50% by and 50% by Maeda Corporation [Operation of the Company] A joint partnership promotion committee will be established. Operation will start in earnest within this year after receiving capital from other investment companies 21

15 Past Development Track Record (Leasing Business) Aobadai Tokyu Square November, 2000 Chuo-rinkan Aobadai Minami-machida Tama Plaza Terrace October, 2010 Tama-plaza Tokyu Saginuma Building September, 1978 Saginuma Setagaya Business Square* September, 1993 Mizonokuchi Yoga Futako-tamagawa Shibuya Hikarie* Cerulean Tower* April, 2012 March, 2001 Sangen-jaya Shibuya Mark City* February, 2000 Shibuya SHIBUYA CAST.* April, 2017 Tokyo Futako Tamagawa Rise PhaseⅠ* November, 2010 Queen's Square Yokohama* June, 1997 Futako Tamagawa Rise PhaseⅡ* June, 2015 Yokohama Motomachi -Chukagai Hiyoshi Minatomirai Tamagawa Musashi-kosugi Jiyugaoka Musashi Kosugi Tokyu Square* April, 2013 Kamata Carrot Tower* November, 1996 Oimachi Haneda Airport Meguro Nagatacho JR Tokyu Meguro Building* March, 2002 Tokyu Bancho Building* September, 2011 Tokyu Capitol Tower July, 2010 *Property sectionally owned or co-owned with other company 22

16 Overview of Shibuya Hikarie Overview of Building Site area: 9,640m 2 Floor area: 144,550m 2 Height: 182m Floor-area ratio: 1,370% Primary uses: Stores, offices, cultural facilities, etc. Size: 34 stories above ground and 4 basement levels Opening: April 26, 2012 [Floor Guide] Office Offices Floors Tokyu Theatre Orb Floors Hikarie Hall Floors 9-10 Tokyu Theatre Orb Creative Space 8/ Floor 8 Café & Restaurant Floors 6-7 ShinQs ShinQs (Shopping) Floors B3-5 23

17 24 Overview of SHIBUYA CAST. Overview of Building Site area: 5,020m 2 Floor area: approx. 35,000m 2 Height: approx. 71m Primary uses: Offices, stores, Apartments, etc. Size: 16 stories above ground and 2 basement levels Opening: April 28, 2017 Project scheme: A fixed-time leasehold was established by the Tokyo Metropolitan Government (operation period 70 years), and Shibuya Miyashitacho Realty Co., Ltd. facilitated the construction as the main business entity. Appearance Apartments [Floor Guide] Apartments 共同住宅 F-16F 階 Shared offices Offices Floors 2F-12F 2-12 シェアオフィス Shared offices and & カフェ cafes 1-2 1F-2F 階 Garden Stores 店舗 Garden-level GF-1 階 Floor-1F Meiji Street Mitake Park Multi-purposed 多目的スペース space Garden GF level floor Plaza 広場 Garden GF level floor

18 Status of Property Ownership Around Shibuya Station Bunkamura Sep / 31,990m 2 Tokyu Department Store HONTEN (Flagship store)* Nov / 61,460m 2,etc. TOKYU REIT Shibuya Udagawa-cho Square July 1998 / 1,530m 2 QFRONT Oct / 6,690m 2 SHIBUYA 109* Mar / 16,290m 2 Shibuya Mark City* Feb / 138,620m 2 Primary uses - Office - Shibuya Excel Hotel Tokyu - Commercial facilities Cerulean Tower Mar / 105,950m 2 Primary uses - Office - Cerulean Tower Tokyu Hotel - Nohgakudo (Noh theater) Den-en-toshi Line Tokyu Nampeidai-cho bldg. Tokyu Sakuragaoka-cho bldg. July / 7,000m 2 June / 6,500m 2 Shibuya TSK Building June / 2,104m 2 Shibuya Station Block* FY2019, FY2027 (plan) / 276,000m 2 Primary uses - Office - Observation facility - Shops - Parking etc. 109 MEN S* Oct / 11,780m 2 Shibuya Sumitomo Shintaku bldg. June 1962 / 3,270m 2 Route 246 SHIBUYA STREAM (Shibuya Station South Block Project*) 2018 Autumn (plan) / 116,700 m2 Primary uses - Office - Hotel - Hall - Shops JR Line Tokyo Metro Fukutoshin Line Shibuya Station Block 500m SHIBUYA STREAM SHIBUYA CAST* Apr / 35,000m2 Primary uses - Office - Shops - Apartments Tokyo Metro Hanzomon Line Toyoko Line JR Line cocoti KALEIDO Shibuya Miyamasuzaka Sep / 11,850m 2 Jan / 4,480m 2 Shibuya Takugin bldg.* Shibuya Nichiei bldg. Jan / 4,820m 2 Apr / 2,120m 2 Shibuya Kyowa bldg.* Towa Miyamasuzaka Bldg. Sep / 8,500m 2 Feb / 1,150m 2 Meiji Street Shibuya Hikarie* Apr / 144,550m 2 As of March 31,2017 : 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 Primary uses - Office - ShinQs - Tokyu Theatre Orb - Hikarie Hall Shibuya Higashiguchi bldg.* East Shibuya bldg. Jan / 17,040m 2 Mar.1985 / 1,650m 2 Shibuya 2-chome bldg.* Feb / 1,770m 2 TOKYU REIT Shibuya R Building Mar / 7,290m 2 Shibuya Daikanyama R Project 2018 Autumn (plan) / 5,640m 2 LOG ROAD DAIKANYAMA Apr / 3,200m 2 - Parking etc. Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Increment P 25

19 Redevelopment of the Area Around Shibuya Station (Plan view) Before Redevelopment Dohgen-zaka Shibuya Mark City Den-en Toshi Line, Hanzomon Line Hachiko Square Tokyu Department Store West Exit Traffic Place Bus, Taxi Ginza Line 東横線 (2F) Dohgen-zaka Shibuya Mark City Traffic Place Bus Den-en Toshi Line, Hanzomon Line Hachiko Square West Exit Yamanote Line East Exit Saikyo Line Traffic Place Bus, Taxi Fukutoshin Line Toyoko Line Ginza Line Toyoko Line Shibuya Station Area Project Miyamasu-zaka Shibuya Hikarie Route 246 Traffic Place Bus Yamanote Line Inner Tracks Yamanote Line Outer Tracks Toyoko Line Fukutoshin Line East Exit Traffic Place Bus, Taxi Miyamasu-zaka Shibuya Hikarie Route 246 Future Tokyu Plaza Route 246 Shibuya-gawa River Meiji Street Dohgen-zaka 1-chome Area project Route 246 Shibuya Station South Area Project Meiji Street Saikyo Line Sakuragaoka Area Project Shibuya Hikarie Hikarie Urban Core East Exit Urban Core Station District Urban Core * Shibuya Station Area Infrastructure Development Policy, October 2012 (Shibuya ward) JR Line ticket gate Toyoko Line, Fukutoshin Line ticket gate 26

20 Status of Initiatives for Redevelopment of Shibuya Opens 2018 Autumn SHIBUYA STREAM(Shibuya Station South Block Project) 渋谷駅南街区 ) Completion image Opens FY2019 Shibuya Station Block, East building Completion 完成イメージ image Reference Case Cerulean Tower Site area: 9,409 m2 Total floor area: 105,950 m2 Use: Offices, hotel, shops, parking, etc. Office rentable area: Approx. 65,969 m2 Number of hotel rooms: 411 Number of stories: 41 stories above ground and 6 stories underground Height: 184m Opening: March, 2001 Site area: Approx. 7,100 m2 Total floor area: Approx. 116,700 m2 Use: Offices, shops, hotel, hall, parking, etc. Office rentable area: Approx. 46,000 m2 Commercial store area: Approx. 3,000 m2 Number of hotel rooms: Approx. 180 Number of stories: 35 stories above ground and 4 stories underground Height: Approx. 180 meters Construction cost: 67.1 billion yen* *For the construction cost, the amount to be incurred by the Company and its subsidiaries is stated Site area: Approx. 15,300 m2 Total floor area: Approx. 181,000 m2 Use: Offices, shops, observation facility, parking, etc. Office rentable area: Approx. 73,000 m2 Commercial store area: Approx. 30,000 m2 Number of stories: 47 stories above ground and 7 stories underground Height: Approx. 230 meters Construction cost: 49.8 billion yen* Reference Case Roppongi Hills Site area: Approx. 93,389 m2 Total floor area: Approx. 758,208 m2 (Mori Tower Approx. 379,408 m2 ) Use: Offices, residence, hotel, shops, museum, movie theater, TV studio, etc Office rentable area: Approx. 179,000 m2 Commercial store area: Approx. 38,000 m2 Number of hotel rooms: 387 Number of stories: 54 stories above ground and 6 stories underground Height: 238m Opening: April,

21 Future Development Plan Shibuya Daikanyama R Project Beside a promenade along the Shibuya River leading to SHIBUYA STREAM, a nursery school and hotel will be constructed as measures for addressing the number of children on the waiting list and accepting foreign visitors to Japan. Former site of "SHINJUKU TOKYU MILANO" - Integrated development of the former site of TOKYU MILANO and イメージ other land together with a public space to create a base for entertainment - Construction of accommodations conducive to the formation of a base for urban tourism Shibuya Station SHIBUYA STREAM Construction of a promenade Developer: Tokyu Recreation Co., Ltd., Site area : Approx. 4,600 m 2 Address : , Kabukicho, Shinjuku-ku, et al. Scheduled site Building A Image of Building A (nursery school) Building B LOG ROAD DAIKANYAMA Image of Building B (hotel, office, store) Image Shinjuku Station Building A Building B Total floor area 1,248 m2 4,392 m2 Scale (above ground) Three stories Seven stories Building height Approx. 12 m Approx. 26 m Purpose of use of building Nursery school Hotel, Office, Store Scheduled opening Autumn 2018 Aiming to make Shibuya "the most popular town to visit in Japan" by providing an opportunity to enjoy walking around the area from SHIBUYA STREAM to Daikanyama. Invitation of an experience-based entertainment facility utilizing cutting-edge technologies for temporary use Name for temporary use: "VR ZONE Shinjuku" Facility operator: BANDAI NAMCO Entertainment Inc. Description: Experience-based entertainment facility utilizing cutting-edge technologies such as VR Scheduled opening: Summer

22 Latest Acquisitions of Properties FY2014 Shin Mizonokuchi Building Address: hisamoto 3-chome, takatsu-ku, kawasaki-city Floor area: 16,784 m2 Kita-Harajuku Building Address: sendagaya 3-chome, shibuya-ku Floor area: 3,455 m2 FY2015 Jiyugaoka Tokyu Building Location: Jiyugaoka 1-chome, Meguro-ku Total floor area: 5,825 m2 Shibuya TSK Building Location: 3 Nanpeidai-cho, Shibuya-ku Total floor area: 2,104 m2 The former site of Shinjuku TOKYU MILANO Location: Kabuki-cho 1-chome, Shinjuku-ku Site area: 3,773 m2 Tokyu Saginuma Building Location: Saginuma 1-chome, Miyamae-ku, Kawasaki Total floor area: 18,326 m2 FY2016 Shibuya Dogenzaka Sky Building Location: 28 Maruyamacho Shibuya-ku Total floor area: 5,645 m2 DRESSTERIOR Jinnan Head Office Building Location: Jinnan 1-chome, Shibuya-ku Total floor area: 580 m2 Green Plaza Shinjuku Location: Kabuki-cho 1-chome, Shinjuku-ku Total floor area : 9,301 m2 Tokyu Saginuma No. 2 Building Location: Kodai 1-chome, Miyamae-ku, Kawasaki Total floor area: 4,409 m2 Shin Mizonokuchi Building Include property sectionally owned or co-owned with other company The land and building of the entire building are indicated Tokyu Saginuma Building Tokyu Saginuma No. 2 Building 29

23 Business Model Focusing on Investment Cycle in Real Estate Leasing Business Acquisition Acquire asset with potential for higher value Closely monitor market trends and make careful investments Ownership/development Secure income Increase earnings power by implementing more sophisticated leasing techniques and strategic investments Rebuilding/redevelopment with possibility of joint operations with a partner Partial sale Secure capital gains Exit strategy working with TOKYU REIT or other parties Generate fee income through property management and other services after sale Tokyu Saginuma Building Tokyu Saginuma No. 2 Building Tokyu Bancho Building Site area: 5,658 m2 Total floor area: 18,326 m2 Number of stories: 4 stories above ground and 1 story underground Completion: September 1978 Site area: 1,807 m2 Total floor area: 4,409 m2 Number of stories: 4 stories above ground and 2 story underground Completion: October 1979 Site area: 2,754 m2 Total floor area: 15,835 m2 Number of stories: 11 stories above ground Completion: September 2011 The land and building of the entire building are indicated 30

24 Next-Generation Suburban Development In June 2013, Yokohama City and developed the Basic Concept of Next-Generation Suburban Development under the agreement on encouraging next-generation suburban development that they concluded in April Under this basic concept, Wise City, which will sustain and regenerate favorable living conditions and communities. We have been undertaking various joint pioneering projects with Yokohama City in the model district (the area to the north of Tama-Plaza Station). Going forward, with the agreement renewed in April 2017, we will continue to pursue initiatives in model districts and seek to apply the achievements of the Next-Generation Suburban Development to the creation of new business opportunities in areas along the Denentoshi Line. WISE CITY : Future vision of an ideal town Wellness, Walkable & Working Smart, Sustainable &Safety WISE CITY Intelligence & ICT Ecology, Energy & Economy Details on the Next-Generation Suburban Development are available on the official website: Main initiatives in FY2017 Grand opening of Wise Living Labs. A base for conducting activities including the dissemination of information on the Next-Generation Suburban Development and projects running under its basic concept. We are working to establish Living Labs (*) in suburban residential areas by organizing seminars and other events as well as workshops, and also by leasing space for collaborative creation to people engaging in community activities. *A place used as a laboratory by inhabitants, companies, local governments, and schools, among other organizations, in order to create goods and services or develop administrative policies, jointly. Gallery building for energy and living (West Building) Consulting building for communities and living (Central Building) Gallery building for urban development and living (East Building) Space for collaborative creation 時間貸し駐車場 Hourly parking space 31

25 Development Project in Areas Served by Tokyu Area Class I Urban Redevelopment Project in the Yokohama Station North Nishiguchi Tsuruya District Conceptual イメージ Drawing イメージ ( ) Model project for a sustainable residential area in the surroundings of Tokaichiba Conceptual Drawing Japan s first housing construction project in a national strategic special zone Site area: Approx. 6,700 m2 Floor area: Approx. 80,000 m2 Purposes: Multi-unit residence, Hotel, Stores, Parking garages, etc. Schedule: Completion in FY 2021 Commencement of operation in spring 2022(planned) participates in the project as a member of the association for preparations for the project. Yokohama City and three representative companies have concluded a project implementation agreement. Development area: Approx. 23,200 m2 Completion: FY2019 (planned) Overview of development: houses for sale, childcare center, senior residence, rental apartments, etc. 32

26 Commercial Facilities Built by Utilizing Main Railroad Facilities Effectively Use of spaces under elevated railways Project name Number of stores Opening date Commercial facilities directly connected to the station Project name Number of stores Opening date 1 GAKUDAI KOUKASHITA 38 Apr, etomo Eda 4 Dec, Underneath Toritsu-Daigaku Station Underneath Musashikosugi Station Underneath Naka-meguro Station 7 Sep, Nov, Nov, etomo Jiyugaoka 13 Mar, etomo Unoki 4 Dec, etomo Ichigao 19 Apr, etomo Chuorinkan 25 Dec, etomo Oimachi 5 Oct, etomo Nagatsuta 16 Apr,2017 Underneath Naka-meguro Station Site area: Approx. 8,300m2 Approx. 28 stalls opened in an area approx. 700m in length beneath Naka-meguro Station Utilization of railway premises Project name Number of stores Opening date 1 Trainchi 13 Oct, LOG ROAD DAIKANYAMA 5 Apr,

27 Major Office Properties Planned Properties 1 Project name Planned completion date Total floor area (m 2 ) Building hight SHIBUYA STREAM (Shibuya Station South Block Project) As of March 31, stories above ground 2018 Autumn approx. 116,700 and 4 basement levels 3 15km 10km 5km Shibuya Station Block Occupancy Properties FY2019 (East building) FY2027 (Central, West building) 47 stories above ground approx. 276,000 and 7 basement levels (East building), etc. Facility name Completed Total floor area (m 2 ) Building hight 16 stories above ground 3 SHIBUYA CAST.(Miyashitacho Plan) Apr approx. 35,000 and 2 basement levels 36 stories above ground 4 Queen's Square Yokohama June ,596 and 5 basement levels (entire bldg.) 263, stories above ground Nov (Total) and 2 basement levels 5 Futako Tamagawa Rise (Phases Ⅰ& Ⅱ) (Phase Ⅰ) June (Phase Ⅱ) 106,750 (Area Ⅰ-b) (Area Ⅰ-b) 30 stories above ground 157,016 and 2 basement levels (Area Ⅱ-a) (Area Ⅱ-a) 34 stories above ground 6 Shibuya Hikarie Apr ,546 and 4 basement levels Futako-tamagawa Sangen-jaya 3 10 Shibuya Meguro Gotanda 17 Tokyo 23 stories above ground 7 Shibuya Mark City Feb ,620 and 1 basement level (Office Tower) stories above ground 8 Cerulean Tower Mar ,950 and 6 basement levels stories above ground 9 Setagaya Business Square Sep ,374 and 2 basement levels (tower) stories above ground 10 Tokyu Capitol Tower July ,428 and 4 basement levels 3 27 stories above ground 11 Carrot Tower Nov ,365 and 5 basement levels 17 stories above ground 12 JR Tokyu Meguro Building Mar ,221 and 4 basement levels Illustrations and figures prepared by Tokyu Retail Area Marketing System (TR AMS) Yokohama area 14 stories above ground 13 Yaesu Center Building Sep ,243 and 3 basement levels 11 stories above ground 14 Shibuya Higashiguchi Building Oct ,037 and 3 basement levels 1 1 Planned project sites Occupancy properties Yokohama Minatomirai 5 stories above ground and 1 15 Shin Mizonokuchi Building Jan ,784 basement levels, etc 16 Tokyu Bancho Building Sep , stories above ground 1 9 stories above ground 17 Gotanda Fujikura Building Oct ,858 and 1 basement level 1 1 *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 As of April 30, 2017, only this property 4 34

28 Relocation related Facilities STYLIO (Rental apartment) TOP PRIDE (Rental apartment) Name Rooms Name Rooms STYLIO Yamashita Koen The Tower 142 a cube 23 STYLIO Ikejiri-ohashi 27 F BLANC 25 STYLIO Kamata 94 Rete tamaplaza 18 STYLIO Yokohama Tammachi 25 Tama Plaza dwell 12 STYLIO Nakanobu facilities 1,298 STYLIO Myorenji 50 STYLIO Shimomaruko 57 Tokyu Welina (Senior residence) Azamino Heim 14 Court Mates Hatanodai 46 Name Rooms STYLIO Hatanodai 44 Tokyu Welina Ookayama 165 Name Storages STYLIO Nakanobu II WEST 40 Tokyu Welina Hatanodai 67 Kuramo Futako tamagawa 225 STYLIO Nakanobu II EAST 42 2 facilities 232 Kuramo Takatsu 152 STYLIO Motosumiyoshi 29 Kuramo Hatanodai I 81 STYLIO Den-en-chofu Honcyo 16 Kuramo Hatanodai II 155 Ohana (Senior day service) STYLIO Myorenji II 12 Kuramo Hiyoshi 245 Musashikosugi Apartments 32 Name Capacity Kuramo Saginuma 410 STYLIO Musashikoyama 15 Ohana Ikejiri-ohashi 36 Kuramo Light Shimo-shimmei 66 STYLIO Hatanodai II 45 Ohana Tama Plaza 52 7 facilities 1,334 STYLIO Shinagawa Nakanobu 158 Ohana Shibuya Sakuragaoka 29 STYLIO Nakanobu Ekimae 32 Ohana Nakanobu 43 STYLIO With Daikanyama 21 Ohana Kikuna 23 STYLIO With Kamiikedai 68 Ohana Motosumiyoshi 34 STYLIO Motosumiyoshi II 63 Ohana Minami-Machida 32 Alcazar Togoshi-koen 14 Ohana Kajigaya 30 NEC Dormitory Shinmaruko 40 Ohana Hakuraku 27 STYLIO Kajigaya 66 Ohana Fujigaoka 26 Ohana Kakio facilities 365 Futako tamagawa Rise S.C. Musashikosugi Tokyu Square 35 Meguro Concierge of Residence and Living Tama Plaza terrace Saginuma Ekimae Name 5 facilities Kuramo (Rental storage) STYLIO Kajigaya As of March 31, 2017 Tokyu Welina Ookayama

29 Urban development in Vietnam Route 13 Binh Duong Province Binh Duong New City Thu Dau Mot City Export an urban development package to fastgrowing Vietnam, leveraging our expertise cultivated in the Tokyu Tama Den-en-toshi area. Execution entity Becamex Tokyu Co., Ltd. (2012 Established : 65%, Becamex: 35%) Location Vietnam, Binh Duong Province, Binh Duong New City Project area: approx. 110 hectare (site area: approx. 71 hectare) OpenStreetMap contributors SORA Gardens Ho Chi Minh City GARDEN-CITY Detached houses, Condominiums CORE-CITY Multipurpose Building (Office, Commercial, Residential) GATE-CITY Condominiums, Commercial facilities, Amusement facilities 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 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 zonesin the south of Vietnam - The government of Binh Duong Province is proactive in promoting business, and Binh Duong Province is one of the leading economic growth sectors in the country. - With an influx of Japanese and other foreign companies into the industrial parks in recent years, the area is noted for its development potential Image of Binh Duong New City 36

30 Urban Development in Binh Duong New City Condominiums Commercial Facilities Name: SORA gardens I Site area: 9,082 m2 Occupation area: approx. 67 m2 105 m2 Detached house Floors: 24 above ground Total no. of residential units: 406 Completion date: March 2015 Bus Name: hikari Shop floor area: approx. 1,600 m2 (Phase I) No. of plots: 5 units (Phase I) Business types: food court, convenience store, restaurant, café, ATM Opening date: Jan 2015 (some stores opened Nov 2014) 写真 3 戸建住宅 Name: HARUKA terrace HARUKA residence Site area: approx. 100m2- Building area : approx. 300m2- Floors: 4 above ground Total no. of residential units: 42 Completion date: April 2017 Name: KAZE SHUTTLE Bus routes: Binh Duong New City Old provincial area Thu Dau Mot City Bus Services: total 6 lines Frequency: Every min (peak time) Opening date: commenced full-scale operation as of Dec 2014 Busy food court at hikari 37

31 Yanchep District Land Development in Western Australia 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. Local subsidiary Yanchep Sun City PTY.LTD. ST Andrews Private Estate PTY.LTD. Area being developed approx. 2,100 hectares (owned by and its subsidiary) Railway: Arrives within 11km to the south Freeway: Arrives within 23 km to the south Main road: Opened in November km Yanchep Extension of Joondalup Line Marmion Avenue (highway) Joondalup Line (railway) Butler* OpenStreetMap contributors Clarkson Joondalup Mitchell Freeway (highway) Perth Western Australia Perth Northern Territory South Australia Queensland New South Wales Progress and Future Plans Adelaide Victoria Melbourne Tasmania Brisbane Sydney 1995: Signed an MOU with the government of Western Australia 1999: Signed a Strategic Cooperation Agreement (SCA) with the government of Western Australia 2004: Entered a joint venture on the development of residential lots 2006: Launched a joint employment promotion project 2012: Shopping center opened by a local partner 2013: The joint venture on the development of residential lots was selected as the best project in all of Australia 2020: Railway station to be opened (Directions 2031 and Beyond, a long-term development vision of the government of Western Australia) Housing development joint venture Residential lots 38

32 Rental Apartment Business for Japanese People in Thailand Providing an environment where families can live at ease, safely and comfortably Overview of Sriracha Located in Sriracha City in Chonburi Province, approximately 100km southeast of Bangkok, Thailand. One of the largest Japanese towns in the world, into which many Japanese companies, particularly those in manufacturing, have moved. Overview of Business Supplying rental apartments to Japanese expatriates and their families as the main customers. Located opposite the second Japanese school in the Kingdom of Thailand. Project Implementing Body Saha Co., Ltd. (Established in 2014, Tokyu Group 50%, Saha Group 50%) Overview of Property Land area: Approx. 55,000 m2 Structure: Two-story building of light-gauge steel structure (maisonette type) Number of units: 180 (2LDK:122 m2-3ldk: m2 ) Planned completion: Partially opened in December 2015, completion of the entire building in April Park within the site where children can play at ease. Room layout in accordance with the lifestyles of Japanese people 39

33 Concept Behind the Life Service Business Improvement to the value of rail service areas Transportation Business Real Estate Business Life Service Business IENAKA service Stores and services downtown CATV Internet Telephone Department stores Supermarkets Electric power retail Smart home Tokyu Bell Security service&elderly care service Shopping Center After-school day-care Sports Culture schools Cinema Complex Outdoor Transport advertising POINT Credit cards 40

34 Saginuma - Fullel Saginuma Major Commercial Facilities along the Tokyu Lines Tama-plaza - Tama Plaza Terrace - Tokyu Dept. Store s Tama-Plaza Store Azamino - Azamino Gardens - AZAMINO MIKITEI Eda - etomo Eda Ichigao - etomo Ichigao 30km Aobadai - Aobadai Tokyu Square Machida - Machida Tokyu Twins MACHIDA Nagatsuta - etomo Nagatsuta Chuo-rinkan - etomo Chuo-rinkan Futako-tamagawa - Futako Tamagawa Rise Shopping Center Chuo-rinkan MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries 20km Center Minami - Kohoku Tokyu S.C Minatomirai - Queen s Square Yokohama [at!] - QUEEN S EAST Futako-tamagawa 10km Naka-meguro Gakugei-daigaku Toritsu-daigaku - Underneath Naka-meguro Station - GAKUDAI KOUKASHITA - Underneath Toritsu-daigaku Station Yokohama Shibuya Kamata Oimachi Unoki - etomo Unoki Tokyo Musashi-kosugi - Musashi Kosugi Tokyu Square - Underneath Musashikosugi Station Hiyoshi - Hiyoshi Tokyu Avenue Graphic: Prepared with TR, AMS As of March 31, 2017 Shibuya - Tokyu Dept. Store s Head Store - Tokyu Dept. Store s Toyoko Store - SHIBUYA MEN S - Shibuya Mark City - Shibuya Hikarie ShinQs (Tokyu Dept. Store) cocoti SHIBUYA CAST. (April,2016 Opens) Daikan-yama - LOG ROAD DAIKANYAMA Gotanda - remy gotanda Oimachi - etomo Oimachi Jiyugaoka - Fullel with Jiyugaoka - Trainchi - etomo Jiyugaoka Den-en-chofu - Tokyu Square Garden-Site :Shopping: ショッピングセンター Center (SC) :Department: 東急百貨店 Store :Tokyu: 東急ストア Store : エトモ ( 駅直結商業施設 ) :etomo (directly connected to the station) :spaces: 高架下商業施設 under elevated railways :Other: その他商業施設 commercial facilities : 東急多摩田園都市 :Tokyu Tama Den-en-toshi area :Tokyu 東急線 Line :Minatomirai みなとみらい線 Line :Shinkansen 新幹線 :Other その他鉄道 railways 41

35 Retail related Facilities < Department Store > < Shopping Center > < Chain Store > As of March 31, 2017 Tokyu Dept. Store Department area Leasable space Tokyu Store (Supermarket) Sales space Sales space Tokyu Store (GMS) Sales space Head Store 35,637m2 Shibuya Mark City 8,673m2 1 5 Tokyo Metropolis Total 34 stores Total of 28 stores in Kanagawa Prefecture Akiruno Store 3,163m2 Toyoko 19,662 m2 Futako Tamagawa Rise Shopping Center 46,152 m2 5 6 Ayase Store 1,385 m2 Azamino Store 2,219 m2 Kanamachi Store 4,253 m2 Kichijoji 31,731m2 Tokyu Malls Development (TMD): Total 13 facilities Ebara-Nakanobu Store 563m2 Ichigao Store 1,266m2 Kawabe Store 5,855m2 Tama-Plaza 32,519 m2 KOHOKU TOKYU S.C. 44,371 m2 Ookayama Store 996 m2 Eda Store 664 m2 Kamakura Store 3,247 m2 Sapporo 30,084 m2 TAMAPLAZA TERRACE 31,608 m2 2 3 Omori Store 2,721 m2 Ookurayama Store 351 m2 Kamata Store 3,917 m2 Food Patio Re Ci Pe Aobadai 3,163 m2 Aobadai Tokyu Square 26,249 m2 4 Gakugeidaigaku Store 615 m2 Kajigaya Store 1,297 m2 Shonan Store 8,509 m2 NaganoTokyu 22,166 m2 QUEEN'S EAST 17,976 m2 Kamiikedai Store 1,085 m2 Kikuna Store 1,982 m2 Chuo-Rinkan Store 9,583 m2 Futako Tamagawa FoodShow 5,288 m2 TOKYU SQUARE KORINBO 12,457 m2 Kugahara Store 925 m2 Saginuma Store 2,485 m2 Chofu Store 4,275 m2 ShinQs(Shibuya Hikarie) 15,817 m2 Queen's Square YOKOHAMA [at!] 11,520 m2 Koenji Store 696 m2 Shinmaruko Store 1,406 m2 Nakayama Store 5,710 m2 Musashi-Kosugi TOKYU Foodshow Slice 630 m2 Musashi-Kosugi Tokyu Square 11,174 m2 Gotanda Store 2,053 m2 Sugita Store 2,004 m2 Tokyu Store (GMS): Total 9 stores 48,512 m2 mikke Kamata Store 120 m2 Hachioji Tokyu Square 10,124 m2 Komazawa-Dori Nozawa Store 718 m2 Susukino Store 5,367 m2 HINKA RINKA 1,948 m2 SHIZUOKA109 6,846 m2 Sangenjaya Store 3,635 m2 Takatsu Store 672 m2 Precce Sales space Total 12 stores 198,765 m2 remy gotanda 6,727 m2 Kiyomizudai Store 615 m2 Tachibanadai Store 981 m2 Denenchofu Store 949 m2 *1: Entire commercial facilities *2: Including Tokyu Store or Precce *3: Not including Tokyo Department Store TamaPlaza Store *4: Including Food Patio Re-Ci-Pe Aobadai *5: Sectional ownership, Part is in common possession *6: Including Futako Tamagawa FoodShow,Tokyu Store TOKYU SQUARE garden-site 4,577 m2 2 Jiyugaoka Store 1,376 m2 Tana Store 821 m2 Naka-Meguro Store 1,251 m2 109MACHIDA 4,536 m2 Senzoku Store 934 m2 TamaPlaza Terrace Store 998 m2 Meguro Store 1,202 m2 Azamino MIKITEI 3,029 m2 Takashimadaira Store 3,619 m2 Tsunashima Store 998 m2 Premium Tokyo MidTown Store 1,065 m2 Shibuya 109 Entertainment(109E): Total 7 facilities Tachikawa Station Minamiguchi Store 1,277 m2 Totsuka Store 1,663 m2 Precce: Total 4 stores 4,467 m2 SHIBUYA109 7,226 m2 Tsukushino Store 1,331 m2 Nakamachidai Store 1,228 m2 SHIBUYA109ABENO 2,831 m2 Toritsu-Daigaku Store 1,452 m2 Negishi Store 1,411 m2 Chain Store: Total 80stores 141,281 m2 SHIBUYA109KAGOSHIMA 1,545 m2 Nakanobu Store 187 m2 Higashi-Rinkan Store 2,134 m2 SHIBUYA109 Hong Kong Harbour City Store 587 m2 Nagahara Store 1,326 m2 Fujigaoka Store 1,639 m2 109MEN'S(109-2) 3,362 m2 Nakameguro Head Store 1,920 m2 Mizonokuchi Store 930 m2 109MEN'S TENJIN CORE 643 m2 Nishi-Koyama Store 557 m2 Miyamaedaira Store 1,266 m2 109MEN'S SAPPORO 4CHOME PLAZA 635 m2 Parm Musashi-Koyama Store 991 m2 Miyazakidai Store 914 m2 Tokyu Department Store: Total 2 facilities Higashi-Nagasaki Store 1,438 m2 Mukogaoka-Yuen Store 693 m2 Machida Tokyu Twins 31,423 m2 2 Futako Tamagawa Rise Store 1,082 m2 Musashikosugi Store 809 m2 Hiyoshi Tokyu Avenue 16,755 m2 Fudomae Store 773 m2 MALera Higashi-Totsuka Store 1,319 m2 Tokyu Store: Total 2 facilities Machida Store 1,466 m2 Yokodai Store 1,521 m2 fullel Saginuma 7,775 m2 2 Mitaka Store 532 m2 Yokohama Chikagai Store 1,094 m2 fullel with Jiyugaoka 4,374 m2 2 Mitaka Center Store 722 m2 Total of 5 stores in Chiba, Saitama, and Shizuoka Prefectures Total 28 facilities 323,175 m2 Musashikoyama Station building Store 1,067 m2 LaLaport KASHIWANOHA Store 1,961 m2 Meguro Store 1,100 m2 Kita-Koshigaya Store 1,609 m2 Yutenji Store 1,031 m2 Shimoda Store 2,898 m2 Youga Store 238 m2 Izu Kogen Store 383 m2 Minami Machida Kasetsu Store 424 m2 Kawana Store 469 m2 Tokyu Store (Supermarket): Total 67 stores 88,302 m2 42

36 In-house Services Using Cable Infrastructure TV Service Internet Service Phone Service Power Service Mobile Service IoT service its communications, Cable Television Shinagawa Yokohama Cable Vision, YOU Communications Izukyu Cable Network its communications Cable Television Shinagawa Yokohama Cable Vision Izukyu Cable Network its communications Cable Television Shinagawa YOU Communications its communications Cable Television Shinagawa Along the Tokyu Lines Nationwide 30km Chuo-rinkan 東急線 Tokyu Line みなとみらい線 Minatomirai Line Shinkansen 新幹線 Other railways その他のJR 線 私鉄線 20km Aobadai 横浜ケーブル Yokohama Cable ビジョン Vision Futako-tamagawa its communications Tama-plaza Jiyugaoka イッツ コミュニケーションズ 10km Shibuya Cable Television Oimachi Shinagawa ケーブルテレビ品川 Kamata Kawasaki YOUテレビ YOU Communications Motomachi-Chukagai Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo Sumitomo Electric Industries Tokyo Haneda Airport Number of subscribers in respective coverage areas - its communications: 1,330 housand - Yokohama Cable Vision: 270 thousand - Cable Television Shinagawa: 200 thousand - YOU Communications: 520 thousand * Part of the coverage areas is excluded. Some areas are served by more than one cable TV operator. * Yokohama Cable Vision Inc. and You Communications Corp. are related companies. Izukyu Cable Network Number of subs. in coverage area: Approx. 50,000 households Coverage area:yugawara-machi, in Kanagawa Prefecture and Atamishi, Itoh-shi, and part of Higashi-izucho in Shizuoka Prefecture We are offering a discount program to subscribers who purchase the respective cable operators service plans and the Tokyu Denki service as a package. *The service is sold by Tokyu Power Supply through sales agents, namely, cable operators. Users can control their homes freely from outside through smartphones and tablets Users can customize their devices freely so that they can be tailored for different purposes, such as smart locks for locking and unlocking their homes and home appliances controllers for switching on or off the air conditioners and lights. The number of households covered by the service stands at approximately 9,000,000. Joint operation with Connected Design 43

37 44 Home Convenience Service Business Tokyu Bell Services menu Tokyu Store Net Super service Service Area As of March 31, 2017 Tokyu Bell Select Shibuya Minato IENAKA Service Tama Setagaya Meguro Customers Asao Miyamae Takatsu Shinagawa Communications with customers are conducted chiefly on the occasion of home delivery Sagamihara Machida Aoba Tsuzuki Nakahara Kouhoku Saiwai Oota Midori Tsurumi Yamato Seya Asahi Kanagawa Websites Pamphlet Bell Cast TEL FAX Nishi Customer center Customer information Products to deliver Tokyu Store Net Super service Tokyu Bell Select Services to deliver House cleaning, Housekeeping service Collection of discarded things and Maintenance

38 Transit and Outdoor Advertising Media We are expanding the Tokyu OOH Business, leveraging the locational advantage of operating in Shibuya and along the Tokyu railway lines. We offer advertising package including on-train exclusive advertisements in Tokyu trains and area-based exclusive advertisements around Shibuya Station. Billboard ads Tokyu Group s advertising media in areas mainly around Shibuya Station (Large sheets) Transit ads Advertising media such as posters, billboards, and on-train TV screens used for advertisements in Tokyu trains and stations SALUS Free newspaper available in Tokyu stations (230,000 copies) Large TV screens and sheet located on the side walls of the QFRONT Building in front of the Chukenhachiko Intersection in Shibuya QFRONT Buses On-premise media located in Tokyu Department Stores and the Hikarie Details are available on the Tokyu Group website 45

39 46 Life Service related Facilities As of April 1, 2017 Kids Base Camp Kids Base Camp Tokyu Travel Salon&TECO PLAZA (After School Day Care) (Public trustee) (Travel agency) Fitness Clubs KBC Sangen-jaya Oomori kita Jidoukan Tokyu Travel Salon Tama Plaza Terrace Atrio Azamino KBC Sakura-shimmachi Nakamagome Jidoukan Tokyu Travel Salon Azamino Atrio Due Himonya KBC Yoga Higashi Azabu Gakudou Club Tokyu Travel Salon remy gotanda Atrio Due Tama-Plaza KBC Gotanda Oosaki Minami Azabu Gakudou Club Tokyu Travel Salon Musashi-Kosugi Tokyu Square Atrio Due Aobadai KBC Ooimachi Nakai Jidoukan Tokyu Travel Salon Futako-tamagawa Atrio Due Musashi-koyama KBC Yukigaya Takadanobaba Daini Gakudou Club Tokyu Travel Salon Jiyugaoka Atrio Due Futako-tamagawa KBC Shimomaruko Totsuka Daini primary school Gakudou Club Tokyu Travel Salon Tokyu Dept. Tama Plaza Store 6 properties KBC Mizonokuchi Totsuka Daini primary school Houkago Kodomo Hiroba Tokyu Travel Salon Aobadai KBC Mizonokuchi Sakado Yaguchi Jidoukan Tokyu Travel Salon Mizonokuchi Other Sports Facilities KBC Miyamaedaira Onaduka primary school Houkago Hiroba Tokyu Travel Salon Sangen-jaya Den-en Tennis Club KBC Musashi-Kosugi Tokyu Square Aioi primary school Houkago Hiroba Tokyu Travel Salon Kamata Tokyu Azamino Tennis Garden KBC Musashi-Kosugi Motosumiyoshi Magome primary school Houkago Hiroba Tokyu Travel Salon Meguro Tokyu Azamino Golf Garden (Golf Range) KBC Tama-Plaza Terrace Kugahara Jidoukan Tokyu Travel Salon Hiyoshi S Ing Himonya(Golf Range) KBC Aobadai Sannnou Houkago Hiroba Tokyu Travel Salon Oimachi Tokyu Golf Park Tamagawa(7Holes Short Course) KBC Hiyoshi Magome Daisan Houkago Hiroba TECO PLAZA Shibuya Tokyu Golf School Kouhoku KBC Ookurayama Kugahara Houkago Hiroba TECO PLAZA Tokyu Dept. Head Store Travel Salon Tokyu Swimming School Tamagawa KBC Toyosu Shinonome Yaguchi Houkago Hiroba 16 properties Tokyu Swimming School Tama Plaza KBC Shinmaruko Tamagawa Houkago Hiroba Tokyu Seminar BE Tokyu Swimming School Azamino KBCα Toritsu-Daigaku Iriaraimachi Daigo Houkago Kodomo Kyoushitsu (Culture Schools) Adidas Futsal Park Shibuya KBCα Tama-Plaza 19 properties Futako-tamagawa Adidas Futsal Park Yokohama Kanazawa KBCα Futako-tamagawa Jiyugaoka Adidas Futsal Park Azamino KBC Futako-tamagawa Yukigaya Adidas Futsal Park Ikebukuro KBC Musashi-Kosugi 1 Aobadai Adidas Futsal Park Kawasaki 23 properties Tama Plaza Adidas Futsal Park Tama-Plaza 5 properties Adidas Futsal Park Seisekisakuragaoka 2 16 properties *1: April 3, 2016 Opens *2: April 5, 2016 Opens

40 Hotel and Resort Facilities As of March 31, 2017 TOKYU HOTEL EXCEL HOTEL TOKYU Tokyu REI Hotel Affiliate Hotels Name Rooms Name Rooms Name Rooms Name Rooms The Capitol Hotel Tokyu 251 Sapporo Excel Hotel Tokyu 382 Sapporo Tokyu REI Hotel 575 Viale Osaka 36 Cerulean Tower Tokyu Hotel 411 Akasaka Excel Hotel Tokyu 487 Shinbashi Atagoyama Tokyu REI Hotel 431 The Mauna Lani Bay Hotel & Bungalows 341 Yokohama Bay Hotel Tokyu 480 Shibuya Excel Hotel Tokyu 408 Shibuya Tokyu REI Hotel 225 Outrigger Reef Waikiki Beach Resort 635 Urabandai Gran Deco Tokyu Hotel Futakotamagawa Excel Hotel Tokyu 106 Omori Tokyu REI Hotel 197 Outrigger Waikiki Beach Resort 524 Hakuba Tokyu Hotel 102 Haneda Excel Hotel Tokyu 386 Kichijoji Tokyu REI Hotel 234 Ambassador Taipei 422 Tateshina Tokyu Hotel 1 78 Narita Excel Hotel Tokyu 706 Nagano Tokyu REI Hotel 143 Ambassador Kaohsiung 453 Izu Imaihama Tokyu Hotel 134 Toyama Excel Hotel Tokyu 210 Ueda Tokyu REI Hotel 133 Ambassador Hsinchu 257 Shimoda Tokyu Hotel 112 Matsue Excel Hotel Tokyu 163 Matsumoto Tokyu REI Hotel properties 2,668 Kanazawa Tokyu Hotel 232 Hakata Excel Hotel Tokyu 308 Nagoya Sakae Tokyu REI Hotel 297 Nagoya Tokyu Hotel properties 3,156 Shin-Osaka Esaka Tokyu REI Hotel 363 Kyoto Tokyu Hotel 408 Osaka Tokyu REI Hotel 402 The Park Front Hotel Kobe Sannomiya Tokyu REI Hotel at Universal Studios Japan 2 Kobe Motomachi Tokyu REI Hotel 191 Miyakojima Tokyu Hotel & Resorts 246 Hiroshima Tokyu REI Hotel properties 3,719 Tokushima Tokyu REI Hotel Franchise Agreement Hotel 2 Management contract Hotel Takamatsu Tokyu REI Hotel 191 Matsuyama Tokyu REI Hotel 245 Big Week Golf Courses (Time-share resort ) Name Rooms Name Big Week Sapporo 3 Tokyu Seven Hundred Club Big Week Nasu 8 Five Hundred Club Big Week Karuizawa 30 Grand Oak Golf Club Big Week Tateshina 31 Grand Oak Players Course Big Week Kanazawa 6 Emerald Coast Golf Links Big Week Tokyo Futako tamagawa 2 The Francis H.I'i Brown Golf Course Big Week Yamanakako 2 Three Hundred Club Big Week Hakonegora 30 7 properties Big Week Izukogen 26 Big Week Izu Imaihama 5 Big Week Kyoto 21 Big Week Okinawa 3 Big Week Miyakojima 2 13 properties 169 Hakata Tokyu REI Hotel 204 Kumamoto Tokyu REI Hotel 140 Cerulean Tower Tokyu Hotel Kagoshima Tokyu REI Hotel 190 Tokyu Hotels 43 properties 12,023 Naha Tokyu REI Hotel 215 Affiliate Hotels 7 properties 2, properties 5,148 Total 50 properties 14,691 Franchise Agreement Hotel Including Franchise Agreement Hotel and Management contract 47

41 Initiatives for Inbound Tourism Strengthening efforts to attract inbound tourists to Along the Tokyu Lines TOKYU PLUS+, a website introducing areas along the Tokyu Lines Foreigners upload videos in which they introduce little-known attractive spots along Tokyu lines to foreign visitors to Japan in their native languages. TOKYU PLUS, a one-day ticket available only to foreign visitors to Japan Sold at:tecoplaza Shibuya Price: 660 yen for adult, 330 yen for child Sales to start on: April 1, 2017 Tokyu One-Day Open Ticket, a booklet for foreigners visiting Japan Strengthening nationwide efforts to attract customers Service to provide tourist information to inbound tourists LIVE JAPAN PERFECT GUIDE TOKYO An alliance formed by 27 companies including railway companies, airline companies and airports Providing accurate and detailed information on tourist spots, restaurants and shopping, etc. in real time. One-stop tourist information service focusing on the convenience of foreigners visiting Japan Other recent initiatives Introducing the charm of areas along the Tokyu Lines by means of Instagram, booklets for foreigners visiting Japan, and other media. Installed ticket vending machines that support seven languages (Tokyu stations excluding some stations) Renewed our English website and posted new information including transfer information Implemented an English training program for station staff members and installed Hospitality Boards. Implemented activity trends of foreign tourists in areas along the Tokyu Lines by means of TOMODACHI GUIDE provided by Huber Inc. 48