DOCSLIB.ORG

9Th Fiscal Period Semi-Annual Report March 1, 2020 to August 31, 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
9Th Fiscal Period Semi-Annual Report March 1, 2020 to August 31, 2020 9th Fiscal Period Semi-Annual Report March 1, 2020 to August 31, 2020 LaSalle LOGIPORT REIT 1-11-1 Marunouchi, Chiyoda-ku, Tokyo, Japan Message to Unitholders Features of LaSalle LOGIPORT REIT Accordingly, LLR achieved a period-average occupancy rate for the entire portfolio of 99.0%, the highest level Focused investments in prime logistics located in the Tokyo and Osaka areas since its listing. These endeavors allowed LLR to post • The portfolio comprises large logistics facilities located in the Tokyo and Osaka markets operating revenues of 7,430 million yen, operating income Toshimitsu Fujiwara of 4,066 million yen, ordinary income of 3,664 million • Make investments with attention given to location and building specifications – the source of property Executive Director competitiveness – to secure the portfolio’s competitiveness over a medium to long term LaSalle LOGIPORT REIT yen, and net income of 3,663 million yen, with a distribu- 1 President and CEO tion per unit (“DPU”) of 2,892 yen. In September 2020, LaSalle REIT Advisors K.K. after entering the 10th fiscal period ending February 2021, LLR acquired four properties totaling 76.4 billion Leveraging the LaSalle Group’s real estate investment management capabilities On behalf of LaSalle LOGIPORT REIT (“LLR”), I would yen, including additional interests in an existing property, like to express our sincere gratitude for your loyal • Leverage the LaSalle Group’s global experience and expertise as a leading company investing in core by using funds from its third public offering, while dispos- real estate assets patronage. ing a property (leasehold land). With the transactions, • Take advantage of the LaSalle Group’s investment management capabilities with an strong track record I would like to extend our deepest sympathies to all those LLR’s asset size expanded to 317.8 billion yen. 2 of developing and investing in logistics facilities in Japan affected by the spread of the novel coronavirus Going forward, while fulfilling its social responsibility of (“COVID-19”). leading logistics infrastructure, LLR is resolved to Building robust financial balance sheets Thanks to the continued support of our unitholders, LLR endeavor to continuously enhance unitholder value. To • Build robust financial soundness from a medium- to long-term perspective to enable flexible adjustment has successfully completed its 9th fiscal period (ended do so, LLR will keep leveraging the LaSalle Group’s to changes in the financial environment August 2020). global real estate investment knowledge as well as the asset management capabilities built on its abundant • Loan to value (“LTV”) (ratio of interest-bearing debt to total assets) stood at 42.0% after the third public During the fiscal period under review, amid economic 3 offering with a long-term issuer rating of AA- (Stable) development and investment experiences in Japan’s activities falling into turmoil under the COVID-19 pan- logistics facilities. demic, LLR further focused its efforts on stably manag- ing the portfolio of 16 properties worth 245.6 billion yen. Your continued support of LLR is deeply appreciated. Table of Contents Executive Director’s Message 2 About LaSalle Inc. 40 A Series of Initiatives in Active Management Including Operation and Governance Emphasizing Financial Highlights for 9th Fiscal Period Public Offerings and Their Achievements 8 Unitholders’ Interests and Transparency 42 (March 1, 2020 - August 31, 2020) Internal Growth Strategy 9 Decision Making Flowchart for Related Financial Strategy 10 Party Transactions 43 Total Assets Under Management Risk Factors 44 Portfolio Size (Note) Occupancy Rate Property and Corporate Level Income Statement, (“AUM”) (Note) DPU Summary, and Yield Summary 11 Financial Section 18 properties 99.1% Prime Logistics Report 12 317.8 bn yen Balance Sheets 48 LaSalle Group’s Professional Support Contributes to Statements of Income 49 Tokyo and Osaka Area Greater Unitholder Value 14 Total Debt (Note) Loan to Value (“LTV”) Ratio (Note) Statements of Changes in Net Assets 50 Concentration The LaSalle Group’s Initiatives on Sustainability 16 Statements of Cash Flows 51 143.5 bn yen 42.0% Portfolio Summary 19 Notes to Financial Statements 52 100.0% Portfolio Maps 20 Independent Auditor’s Report 70 Details of Portfolio 22 Investor Information 72 Operating Revenues Operating Income Net Income 7,430 mn yen 4,066 mn yen 3,663 mn yen Distribution Per Unit (“DPU”) Earnings Per Unit (“EPU”) DPU in Excess of Earnings 2,892 yen 2,688 yen 204 yen Note: After the third public offering. LaSalle LOGIPORT REIT 1 Executive Director's Message LLR’s fundamentals remain strong as Q1 What were this fiscal period’s financial highlights and DPU actuals? This 9th fiscal period made it clear that despite COVID- to acquire four properties for a total of 76.4 billion yen, COVID-19 situation gains clarity 19’s impact on various aspects of our day-to-day lives, taking its AUM past 300 billion yen and turning LLR into the cash flow resiliency demonstrated by logistics prop- a mid-sized J-REIT. erties has made logistics the clear standout property type What’s more, LLR was able to acquire these large new when compared to hotels, retail, office, and even residen- logistics facilities in the Tokyo and Osaka areas for an tial to an extent. The pandemic has not had the devastat- average net operating income (“NOI”) yield of 4.8%, a ing effects on the logistics real estate market that some remarkably high number for a J-REIT in this market. It feared, and this is primarily due to the acceleration of was LLR’s excess returns strategy that enabled these e-commerce consumption which actually grew in an envi- attractive acquisition yields, and this “edge” is something ronment where people are working, living, and primarily that LLR will continue to leverage to stay ahead in an ever consuming from home. LLR is learning to carry on in this increasing competitive landscape. new normal and has even moved from a purely defensive posture, discussed in my last message, to a more aggres- Amid the pandemic, LLR exceeded expectations in its sive stance of using its available capital on “offense” as it distribution per unit (“DPU”), delivering a DPU of 2,892 relates to future opportunities. yen this fiscal period, 3.6% or 100 yen higher than the Toshimitsu Fujiwara initial forecast of 2,792 yen. This was mainly thanks to For example, LLR recognized that the capital environ- Executive Director lower property operating expenses, such as repairs and ment remained favorable and elected to conduct a third LaSalle LOGIPORT REIT maintenance, leasing commissions and utilities, than public offering, the first global one since its IPO. It was President and CEO expected. LaSalle REIT Advisors K.K. extremely successful, raising 48 billion yen that LLR used Toshimitsu Fujiwara is the Executive Director of LLR, and President and CEO of LaSalle REIT Advisors K.K. (“LRA”), LLR’s asset man- Increased Profits Expected in 10th Fiscal Period Due to Positive Uplift from PO agement company. He has 19 years of real estate experience in DPU Transition Japan and the U.S. Toshimitsu joined LaSalle in Japan in 2009 and has overseen fund and asset management activities for the Japan Logistics Fund series. Previously, he worked at MGPA Japan LLC, Increase in NOI Effect of public offering One-time P&L gains & the predecessor of Black Rock Japan Co., Ltd., and the U.S. real + Decrease in R&M (¥43) + Increase in rental income losses fall away estate investment arm of Nippon Life Insurance Company. Toshimitsu + Decrease in LCs (¥37) due to acquired assets at + Increase in NOI (¥23) has a Bachelor of Economics from the University of Tokyo. + Reduction in utilities due to beg. of 10thFP (¥263) ▼ 10thFP acquire assets switching electric power ▼ Expenses related to the property taxes (-¥156) company (¥18) public offering (-¥155) + PO related costs (¥78) + Other (¥2) Financial Highlights 10th Fiscal Period 8th Fiscal Period 9th Fiscal Period (Forecast) -55 Operating Revenues (mn yen) 8,758 7,430 9,556 +108 (-1.8%) Operating Income (mn yen) 5,233 4,066 5,237 (+3.7%) +100 Ordinary Income (mn yen) 4,760 3,664 4,537 (+3.6%) Net Income (mn yen) 4,759 3,663 4,536 3,000 2,945 DPU (yen) 3,670 2,892 3,000 2,892 3,000 2,792 EPU (yen) 3,492 2,688 2,769 DPU in Excess of Earnings (yen) 178 204 231 AUM (bn yen) 2,456 2,456 3,178 Portfolio Size (properties) 16 16 18 Occupancy Rate (%) 98.7 99.1 – 9th FP 9th FP 10th FP 11th FP Guidance Actuals Guidance Guidance 2 LaSalle LOGIPORT REIT LaSalle LOGIPORT REIT 3 Executive Director's Message LLR’s fundamentals remain strong as COVID-19 situation gains clarity Going forward, is there any change to the three components of LLR’s active management Q2 In fact, since announcing its active management strategy one-time gains and loss adjustments, as well as the strategy, namely the portfolio, asset, and excess returns strategies? in its 6th fiscal period, LLR has achieved an annual growth expensing of property taxes for these four assets. LLR uses these three categories to organize its overar- Despite the turmoil of 2020, LLR calculates that it can rate of 6.1% in its DPU after one-time adjustments, well In addition to increasing profits and dividends backed by ching strategy of active management to achieve an continue to hit these numbers in each area. Thus, there over its 4% stated target. This fiscal period it also solid performance this period, LLR accessed a wealth of annual DPU growth rate of over 4%. Each category’s is no change in LLR’s stated goals of delivering on its 4% increased net asset value (“NAV”) per unit by 10.6% to external growth opportunities from sponsor-developed strategy contributes to this figure: 1% in the case of port- DPU growth target.
Load more

Recommended publications
  • Kyoto Hyogo Osaka Nara Wakayama Shiga
    Introduction of KANSAI, JAPAN KYOTO OSAKA HYOGO WAKAYAMA NARA SHIGA INVEST KANSAI Introduction Profile of KANSAI, JAPAN Kansai area Fukui Kobe Tokyo Tottori Kansai Kyoto Shiga Hyogo Osaka Mie Osaka Kyoto Nara Tokushima Wakayama ©Osaka Convention & Tourism Bureau With a population exceeding 20 million and an economy of $800 billion, the Kansai region plays a leading role in western Japan. Osaka is center of the region, a vast metropolitan area second only to Tokyo in scale. Three metropolises, located close to one another 30 minutes by train from Osaka to Kyoto, and to Kobe. Domestic Comparison International Comparison Compare to Capital economic zone (Tokyo) Comparison of economic scale (Asia Pacific Region) Kansai Tokyo (as percentage of Japan) (as percentage of Japan) Australia Area (km2) 27,095 7.2% 13,370 3.5% Korea Population (1,000) 20,845 16.3% 35,704 28.0% Kansai Gross Product of 879 15.6% 1,823 32.3% region (GPR) (US$billion) Indonesia (Comparison of Manufacturing) Taiwan Kansai Tokyo (as percentage of Japan) (as percentage of Japan) Thailand Manufacturing Singapore output (US$billion) 568 15.9% 621 17.4% Hong Kong Employment in manufacturing (1,000) 1,196 16.1% 1,231 16.6% New Zealand Number of new factory setup (*) 181 14.8% 87 7.1% 0 500 1000 1500 (Unit: US$ billion) Number of manufacturers in Kansai is equivalent to Tokyo which is twice its economic size. Economy scale of Kansai is comparable to economies in Asia Pacific Region. Source: Institute of Geographical Survey, Ministry of Internal Affair “Population Projection” “World
    [Show full text]
  • Kobe Unesco City of Design Report
    REPORT 2017-2020 KOBE UNESCO CITY OF DESIGN CONTENTS 1. EXECUTIVE SUMMARY 2. GENERAL INFORMATION 3. CONTRIBUTION TO THE PROGRAMME’S GLOBAL MANAGEMENT 4. MAJOR LOCAL INITIATIVES 5. MAJOR INTER-CITY INITIATIVES 6. ACTION PLAN 7. INITIATIVES UNDERTAKEN IN RESPONSE TO COVID-19 Executive Summary 1.1. Introduction 1Kobe is home to many incredible resources and attractions--the nature-rich cityscape, characterized by nature and surrounded by seas and mountains; the lifestyle, created through an open-hearted and accepting people that work actively to incorporate foreign cultures; and manufacturing technologies, made famous by products like chemical shoes, cakes and pastries, sake, and pearls. Kobe is also known for its recovery from the Great Hanshin Earthquake in 1995, which was made possible through the cooperation and community development of the locals. “BE KOBE,” a message of civic pride established on the 20-year anniversary of the disaster, embodies the belief that the charm of Kobe lies within its people. “City of Design KOBE” represents a new vision of Kobe, one in which the locals reevaluate the city’s characteristics through the five design perspectives below, and create new points of charm for Kobe, through participation and cooperation. 1. Design that enriches daily life 2. Design that utilizes individuality and charm 3. Design that vitalizes the economy 4. Design that heightens creativity 5. Design that helps cultivate the soul and connect the city to the next generation Design as conceptualized by Kobe City isn’t just about visible colors and shapes--it’s also about the various creative efforts and systems that help make a city more livable.
    [Show full text]
  • The 1St Call for Papers
    The 1st Call for Papers The 18th International Conference on Precision Engineering (ICPE 2020 in Kobe) November 23-27, 2020 The Kobe Chamber of Commerce and Industry, Kobe, Hyogo, Japan The 18th International Conference on Precision Engineering (ICPE2020 in Kobe) will be organized by the Japan Society for Precision Engineering (JSPE) and held on 23-27 November 2020 in Kobe, Japan. The conference will be held at The Kobe Chamber of Commerce and Industry located in the Kobe port island which is artificial island at the port of Kobe. The following topics related to precision engineering will be focused in this conference. Digital design and manufacturing systems Micro systems and machine elements Life cycle and smart engineering Robotics and mechatronics Advanced system design and applications Ultra precision controls CAD/CAM technologies Nano-scale measurements and calibrations Advanced cutting technologies Surface metrologies of nano-scale structures Advanced grinding technologies Mechano photonics engineering and optical Micro/Nano machining and figurings applications Nano-scale surface finishing Advanced image processing and applications Non-traditional machining and additive Advanced 3 dimensional digital processing manufacturing Advanced surface processing Energy beam processing Micro fabrications for functional surfaces Advanced die/molding and polymer processing MEMS/NEMS Advanced machine tools and elements Bio-medical engineering and applications The important dates for paper submission are as follows. Submission of 100 to 200 words abstract: March 23, 2020 Notification of abstract acceptance: April 20, 2020 Submission of manuscript for paper review: June 15, 2020 Notification of final acceptance: August 17, 2020 Submission of Camera-ready manuscript: September 14, 2020 This conference will be scheduled as follows.
    [Show full text]
  • The 9Th SPSJ International Polymer Conference (IPC 2012)
    The 9th SPSJ International Polymer Conference (IPC 2012) Progress and Future of Polymer Science and Technology Kobe, Japan December 11 - 14, 2012 The Society of Polymer Science, Japan (SPSJ) First Circular 1 ORGANIZATIONS Organizing Committee Chair: KATAOKA, Kazunori AIDA, Takuzo TAKAHARA, Atsushi AKASHI, Mitsuru URAGAMI, Tadashi FUJITA, Terunori YAMAGISHI, Takashi OHNO, Hiroyuki International Advisory Committee ALBERTSSON, Ann-Christine PENCZEK, Stanislaw CHU, Benjamin STEIN, Richard S. GRUBBS, Robert B. STEPTO, Robert F. T. HOLMES, Andrew B. TIRRELL, David A. JIN, Jung-Il VAIRON, Jean-Pierre KAMINSKY, Walter VOGL, Otto LEHN, Jean-Marie WANG, Fosong LODGE, Timothy P. WEGNER, Gerhard McGRATH, James E. WYNNE, Kenneth J. MÜLLEN, Klaus Program Committee Chair: AIDA, Takuzo Vice-Chair: KIMIZUKA, Nobuo ADACHI, Chihaya NOZAKI, Kyoko AOSHIMA, Sadahito SEGAWA, Hiroshi ASAKA, Kinji SEKI, Shuhei GONG, Jian Ping SEKI, Takahiro HAMACHI, Itaru SHIMOMURA, Masatsugu INOUE, Toshihide TAKAHARA, Atsushi ITO, Kohzo TAKEUCHI, Masayuki IYODA, Tomokazu URAGAMI, Tadashi IWATA, Tadahisa USUKI, Arimitsu KAMIGAITO, Masami UYAMA, Hiroshi KATO, Takashi WATANABE, Hiroshi KIKUCHI, Hirotsugu YAMAMOTO, Kimihiro KOIKE, Yasuhiro YAMATO, Masayuki MAEDA, Mizuo YASHIMA, Eiji MIYATAKE, Tatsuya YOKOZAWA, Tsutomu NAGASAKI, Yukio 2 Since 1984, The Society of Polymer Science, Japan (SPSJ) has organized SPSJ International Polymer Conferences (IPC) to provide the world polymer community with opportunities to meet and discuss most updated topics in polymer science and technology:
    [Show full text]
  • Environmental Measures in the Port of Kobe
    Environmental Measures in Port of Kobe JAPAN Port and Horbar Bureau, the City of Kobe 17.May.2018 1 1. About ”KOBE” 2 17.May.2018 1. About ”KOBE” - Location Kobe City Baltimore JAPAN Baltimore Japan Area 557.02km2 Highest Point (Mt.Rokko) 931.3m Kobe Port Estimated Population 1,532,391 - Tidal level fluctuation : 1.5 meters Households 715,393 - Average wind velocity : 3.2 m/sec Population Density per k㎡ 2,751 Japan - Non-service days : 1 to 2 days each year - Seismically-retrofitted berths : 7 berth 3 1. About ”KOBE” - Kobe / Baltimore Baltimore Port Baltimore Kobe Port Kobe 2.92 millionTEU/Year 4 1. About ”KOBE” - Cruise Port Naka Pier Motomachi Down Town Sannomiya Down Town KOBE Port Terminal Cruise Terminal クイーン･エリ ザベス Quantum of the Seas Queen Elizabeth （乗客定員： 2,081名） Naka Piers Number of cruise ships Harborland 150 （commercial area） Shinko Piers 初入港 Expected 132 130 118 110 104 97 90 70 Asuka II 2015 2016 2017 2018 ノルウェージャン ジュエル MSC スプレンディダ （乗客定員：2,376人） （乗客定員：3,247人） 5 Expected value 40 (Ships) 30 45 20 42 32 32 22 10 19 7 0 2011 2012 2013 2014 2015 2016 2017 1. About ”KOBE” - Port Area 595 ha 312 ha reclamation dsposal site Eastern Section ～ 1972 ～ Rokko Island 2001 Rokko Island 272 ha 390 ha Maya Wharf 443 ha ～ 1986 ～ Shinko Higashi Port Island 2nd 1999 Wharf ～ Stage Kobe Airport 1966 Port Island Redevelopment integrated with the cruise terminal Shinko Piers 1860’～1960’ Naka Pier Inner Harbor Hyogo Wharf - Container Terminal ：11 berth(～-16ｍ) - Throughput ：2.92 M TEU Waterfront area - Total area ：113 km2 6 2.
    [Show full text]
  • Great Hanshin Earthquake Disaster, January 17, Kobe District: Geological Survey of Japan, Scale Est to the 15,000 Members of GSA
    Vol. 5, No. 8 August 1995 INSIDE • South-Central Section Meeting, p. 160 GSA TODAY • New Members, p. 161 A Publication of the Geological Society of America • New Fellows, Student Associates, p. 163 The 1995 Hanshin-Awaji (Kobe), Japan, Earthquake Thomas L. Holzer, U.S. Geological Survey, 345 Middlefield Road, Menlo Park, CA 94025 34° 135° 10' 45' 135° 15' 135° 20' R o k k o M o u n t a i n s Nikawa-Yurino Holocene Alluvium and Reclaimed Ground Active Faults (Late Quaternary Activity) Figure 1. Neotectonic CRYSTALLINE ROCK OUTCROP FILTRATION Dashed where inferred ALLUVIAL DEPOSITS PLANT Pliocene - Pleistocene Sediment gravel, sand, clay Faults (Early Quaternary or map of Osaka Bay region ANCIENT SHORELINE, 6000 yr B.P. Miocene Sediment and Volcanics Tertiary Activity) LITTORAL & LAGOONAL DEPOSITS (generalized from River sand & clay Pre-Tertiary Intrusives, Sediment, and Major Tectonic Line in Metamorphic Rock Pre-Tertiary Basement Sangawa et al., 1983; SHORELINE circa 1885 RECLAIMED GROUND 34° 45' Tsukuda et al., 1982; and -10 BASE OF MARINE CLAY 0 25 50 km Elevation, m Asiya Mukogawa Tsukuda et al., 1985). JMA INTENSITY 7 134°-30' 135° 135°-30' 2 ? ? ? Nishinomiya 2 Hanshin Expressway Daikai Kobe 5 Harbor TRAIN 25' 10 m ° STATION 43 35° 35° Expressway 20 m 135 34° 40' Hanshin Rokko Island Expressway Port 30 m 43 5 Island Figure 2. Generalized OSAKA geologic map of Kobe Osaka Bay 0 5 km KOBE (from Huzita and Kasama, N EPICENTER 1983) and Japanese 34° 40' I N L A N D S E A 34°-30' 34°-30' Meteorological Agency ° 135° 15' 135° 20 135° 25 O S A K A B A Y (JMA) intensity 7 area.
    [Show full text]
  • Seism Ic Dam Age Assessm Ent of Rail Structures in Japan After The
    Seismic Damage Assessment of Rail Structures in Japan after the January 1995 Kobe Earthquake Parsons Brinckerhoff Quade & Douglas, Inc. San Francisco, California April 1995 U.S. Department of Transportation Federal Railroad Administration Office of Research and Development Washington, DC 20590 TABLE OF CONTENTS Section Page EXECUTIVE SUMMARY 1 ACKNOWLEDGMENTS 6 1.0 INTRODUCTION 7 1.1 Background 1.2 Seismicity 2.0 DAMAGE AND REPAIR TO WEST JAPAN RAILROAD COMPANY FACILITIES 9 2.1 Tokaido Main Line Viaducts 2.2 Tokaido Main Line Retained Structures 2.3 Tokaido Main Line Stations 2.4 Tokaido Shinkansen Viaducts 2.5 Tokaido Shinkansen Tunnels 2.6 Rolling Stock 3.0 DAMAGE AND REPAIR TO HANSHIN OSAKA KOBE MAIN LINE FACILITIES 12 3.1 Hanshin Main Line Viaducts 3.2 Hanshin Main Line Retained Structures 3.3 Hanshin Main Line Subway 3.4 Hanshin Main Line Stations 4.0 DAMAGE AND REPAIR TO HANKYU KOBE MAINLINE FACILITIES 13 4.1 Hankyu Main Line Viaducts 4.2 Hankyu Main Line Retained Structures 4.3 Hankyu Main Line Stations 4.4 Hankyu Imazu Line 5.0 DAMAGE TO PORT ISLAND PEOPLE MOVER 14 6.0 DAMAGE AND REPAIR TO KOBE MUNICIPAL SUBWAY 14 6.1 Daikaidori Station 6.2 Sannomiya Station 7.0 CONCLUSIONS 16 7.1 Observations Relevant to U.S. Design Practice APPENDIX - Photo Record GENERAL KOBE A-1 JRT West Japan Railroad Company Tokaido Mainline A-4 JRS West Japan Railroad Company Shinkansen A-28 S S West Japan Railroad Company Sannomiya Station A-44 HER Hanshin Electric Railway Hanshin Mainline A-48 HC- Hankyu Corporation Kobe Line A-67 PI Port Island Line - Peoplemover A-77 KMS Kobe Municipal Subway Daikai-Dori Station A-86 i EXECUTIVE SUMMARY In the six weeks following the January 17, 1995 Great Hanshin Earthquake (also called the 1995 Hyogo- Ken-Nanbu Earthquake or the Kobe Earthquake) an enormous effort has been expended in the cleanup, demolition, repair and rebuilding of the damaged rail facilities.
    [Show full text]
  • Kobe Port Tourist Information
    Kobe Port Tourist Information http://www.mlit.go.jp/kankocho/cruise/ Kobe Beef The title of Kobe Beef is only bestowed on beef that satisfies a set of quality standards. It’s recognized as the most valuable brand of beef. High quality marbled meat has a sweet taste and is beloved by people from all over the world. There are a number of restaurants in Kobe where visitors can experience incomparable flavor of Kobe beef. Location/View Restaurants located in Sannomiya and Motomachi area Access About 5 min.(by Port Liner)(About 2km) Parking for 8-16 buses Season Year-round tour buses *Reservation required Official Kobe Tourism Website “FeelKOBE+” http://plus.feel-kobe.jp/ Related links Kobe Beef Marketing & Distribution Promotion Association http://www.kobe-niku.jp/en/top.html Contact 【Kobe Tourism Bureau】 TEL:078-230-1120 Website: http://plus.feel-kobe.jp/ Kobe Sweets and Breads With the opening of Port of KOBE to international trade, western-style confectioners and bakeries were opened for foreign residents in the Foreign Settlement area. There is still a number of refined shops located close to each other. These sweets became popular across Japan not only for their taste but also for their wonderful appearance. Kobe Sweets is known as a much-loved treat across the country. Kobe is also the city with the highest bread consumption in Japan. Location/View Mainly located in Chuo ward and Higashinada ward Access About 5 min.(by Port Liner)(About 2km) Kamomeria: 20 Parking for Kitano :8-16 Season Year-round tour buses *Reservation required Official Kobe Tourism Website “FeelKOBE+” Related links http://plus.feel-kobe.jp/facilities/?large_gen=01&area Contact 【Kobe Tourism Bureau】 TEL:078-230-1120 Website: http://plus.feel-kobe.jp/ Nada Sake The district of Nada produces roughly one third of sake production in Japan.
    [Show full text]
  • Kitano District
    Kitano district ★ ★ Kobe Modern City Filled with Foreign Influences A City of Vivacity and Style With the opening of the Port of Kobe, foreign cultures were brought into Kobe. From the beginning of the Meiji era, new culture and many industries were created. Between 1887 and the Sannomiya and Motomachi areas are the busiest Model Course beginning of the Taisho era, foreigners’ lives were parts of Hyogo. From fashionable stores and Sannomiya Station MAP P34 E-4 well established and they started building houses restaurants to European-style buildings in the Old 10min Hop on the City Loop Bus and start the tour! on the hills of the Yamanote area (in Kitano). This is Foreign Settlement or Kitano’s foreign MAP P34 D-3 the start of the Kitano Foreign Residences. At that settlement, this area is known as one of the most Kitano district This is a nostalgic area with European style buildings from time, over 100 houses were built. The Kitano area lively and stylish areas in Japan. Nankinmachi, or 2h5min the Meiji era. Weathercock House MAP P34 D-4 exemplifies Kobe’s western influences and attracts Kobe’s Chinatown, is only a few minutes’ walk Nankinmachi MAP P34 E-3 many visitors from across the country. Over twenty from Motomachi station. Walking towards the Enjoy delicious lunch in Nankinmachi. The smell of buildings are on display, including the Weathercock Port of Kobe you’ll find the symbol of the port, 1h30min delicious dim sum is very hard to resist. Port Tower and Meriken Park House and Moegi House, designated as important Port Tower, and the Maritime Museum, which is national cultural properties.
    [Show full text]
  • Osaka, Kansai, Japan Osaka, Kansai, Japan
    Theme Designing Future Society for Our Lives Sub Themes -How to Lead a Healthy Life in a Diverse Manner -Sustainable Socioeconomic Systems Venue : Yumeshima Island, Osaka, Kansai, Japan Schedule : May 3 - November 3, 2025 Projected Visitors : 28 million OSAKA, KANSAI, JAPAN The EXPO 2025 Japan Headquarters, Ministry of Economy, Trade and Industry [email protected] 2025 Japan World Expo Committee http://www.expo2025-osaka-japan.jp/en/ Inspired by the emoji ideograms originating in Japan, the logo symbolises the concept that happy and smiling people are coming together from around the world and connecting with each other. Theme EXPO for SDGs Designing Future The world faces a number of social issues. The United Nations set the Sustainable Development Goals (SDGs) to address poverty, famine, health problems, and welfare, among other pressing issues. Society What we need is a laboratory for gathering the knowledge of the world, and solving these issues through trial and error. EXPO 2025 OSAKA aims to be this laboratory. for Our Lives The United Nations’ Sustainable Development Goals Considering today’s global challenges such as economic inequality and social acceptance of breakthrough technologies, our theme will call on each and every individual to think about their own aspirations and empower them to realise their full potential. This will push forward the worldwide effort to create a shared vision of a sustainable society that embraces all such aspirations. The theme will be realised and highlighted through two interconnected subthemes. -How to Lead a Healthy Life in a Diverse Manner -Sustainable Socioeconomic Systems The KEY is SOCIETY 5.0 ToyotaToyota MMotorotor CorporationCorporation Society 5.0 is Japan’s vision for the next stage of human societal development after the four major stages; 1) hunter-gather, 2) agricultural, 3) industrial, and 4)information.
    [Show full text]
  • Harborland Meriken Park Port Island Mt. Maya/Mt. Rokko Rokko Island
    Rokko Cable Car Cable Rokko Mt. Maya/Mt. Rokko Ashiya Sta. Maya Ropeway Ishoan Hakutsuru Fine Art Museum Maya Cable Line Ashiya Sta. Mikage Sta. National Route 2 Kosetsu Museum of Art Sera Art Gallery Rokko Sta. Sumiyoshi Sta. Nunobiki Herb Gardens Mikage Sta. Hanshin Railway Uozaki Sta. Oji Zoo Rokkomichi Sta. National Route 2 National Route 43 Uozaki Sta. Ropeway Shinzaike Sta. Hanshin Expressway Sake brewery in Nada Hanshin Expressway Route 5 Wangan Line JR Kobe Line Route 3 Kobe Line (Uozaki-go) JR Sanyo Shinkansen Oji-koen Sta. Haradanomori Gallery Shin-Kobe Sta. Sake brewery in Nada Nada Sta. Nadahama Garden Baden (Mikage-go) Hankyu Railway Venus Bridge Iwaya Sta. BB Plaza Sake brewery in Nada Shimabun International Health (Nishi-go) Bldg. Rokko Liner Ijinkan Development Center Bldg. Nadahama Science Square (Old foreign residences) Hyogo Prefectural Museum of Art Disaster Reduction and Subway (Yamate Line) Hyogo Prefectural Human Renovation Institution Government Sannomiya Sta. National RouteJapanese 2 Red Cross Kobe Hospital Koiso Memorial Island Kitaguchi Sta. Ikuta Shrine Kobe City Hall Museum of Art Motomachi Sta. Kenchomae Sta. Harbor Highway Kobe Fashion Museum Hanshin Expressway Island Center Sta. Kobe Artist Museum Nankinmachi Kobe City Museum Route 3 Kobe Line (Chinatown) Port Liner Kosoku-Kobe Sta. Meriken Park Rokko Island Kobe Sta. Harborland Sta. Harborland Naka Koen Sta. Minato Ijinkan Shimin Hiroba Port of Kobe Sta. Subway (Kaigan Line) Port Island K Computer Mae Sta. Kobe Animal Kingdom Kobe Kobe Airport Sta. Airport.
    [Show full text]
  • Galinsky Japan
    people enjoying Japan buildings galinsky worldwide galinsky travel pack Summary descriptions of modern buildings to visit in Japan Fuller descriptions, with more photographs and links to other web sites, are at www.galinsky.com Copyright © galinsky 2009 people enjoying galinsky buildings in Japan buildings galinsky worldwide listed in date order in the following pages Tokyo: National Museum of Western Art 1959 Sendai Mediatheque 2001 Collezione 1989 Tokyo International Forum 1996 Gallery of Horyuji Treasures 1999 Maison Hermes 2001 International Library of Children's Literature 2002 Prada Store 2003 Christian Dior 2004 21st Century Art Museum 2004 Yamamura House 1924 Todʼs 2004 Omotesando Hills 2006 Chapel on Mount Rokko 1986 Hyogo Prefectural Museum 2001 Oyamazaki Museum1995 Yokohama International Passenger Terminal 2002 Himeji City Museum of Literature 1991 Church of Light 1989 Chikatsu-Asuka Museum 1994 Marugame Museum 1991 Sayamaike Museum 2001 Komyo-ji Temple 2000 Water Temple 1991 Awaji Yumebutai 2000 Art Site Naoshima 1992 Yamamura House (now Yodoko Guest House) people 3-10 Yamate-cho enjoying Yamamura House, Hyogo, Japan buildings Ashiya, Hyogo galinsky worldwide Japan 659-0096 Frank Lloyd Wright 1924 Frank Lloyd Wright 1918-1924 The Yamamura House, situated on a ridge overlooking the affluent city of Ashiya, was designed in 1918 by Frank Lloyd Wright as a retreat for the family of a local sake brewer, Tazaemon Yamamura. Construction began in 1923 and was completed in 1924 under the direction of two of Wright's disciples, Arata Endo and Makoto Minami. In 1974 the Yamamura House was designated an Important National Cultural Asset. It was later opened to the public under its new name, the Yodoko Guest House.
    [Show full text]