Ginza Opens As Building, a Trend-Setting Retail Harvest Club
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CONTENTS MESSAGE FROM THE PRESIDENT 02 MESSAGE FROM THE PRESIDENT As a core company of the Tokyu Fudosan Holdings Group, 03 HISTORY OF TOKYU LAND CORPORATION We are creating a town to solve social issues through 05 ABOUT TOKYU FUDOSAN HOLDINGS GROUP value creation by cooperation. 06 GROUP’S MEDIUM- AND LONG-TERM MANAGEMENT PLAN 07 URBAN DEVELOPMENT THAT PROPOSES NEW LIFESTYLES 07 THE GREATER SHIBUYA AREA CONCEPT 09 LIFE STORY TOWN 11 URBAN DEVELOPMENT 25 RESIDENTIAL 33 WELLNESS 43 OVERSEAS BUSINESSES 47 REAL ESTATE SOLUTIONS Tokyu Land Corporation is a comprehensive real estate company the aging population and childcare through the joint development of with operations in urban development, residential property, wellness, condominiums and senior housing. In September 2017, we celebrated overseas businesses and more. We are a core company of Tokyu the opening of the town developed in the Setagaya Nakamachi Fudosan Holdings Group. Since our founding in 1953, we have Project, our first project for creating a town which fosters interactions 48 MAJOR AFFILIATES consistently worked to create value by launching new real estate between generations. 49 HOLDINGS STRUCTURE businesses. We have expanded our business domains in response to For the expansion of the scope of cyclical reinvestment business, changing times and societal changes, growing from development to we are expanding the applicable areas of the cyclical reinvestment 50 TOKYU GROUP PHILOSOPHY property management, real estate agency and, in particular, a retail business to infrastructure, hotels, resorts and residences for business encouraging work done by hand. These operations now run students, in our efforts to ensure the expansion of associated assets independently as Tokyu Community Corporation, Tokyu Livable, Inc. and the increase in profitability. In 2017, we entered the businesses of and Tokyu Hands, Inc., subsidiaries within our Group. By shifting our developing logistic facilities and residences for students. We are also main source of revenue from real estate sales to the leasing of space expanding businesses in the United States, where economic growth in office buildings, commercial facilities and the like since 2000, we is expected to continue going forward. have overcome the bursting of the bubble economy and the Global I am convinced that new value creation through cooperation is Financial Crisis. We also made an early entry into the real estate the best way to respond with agility to changing social issues and securitization business, building a strong REIT and private fund to continue to be valued by society. As a core company of Tokyu business based on stable revenue. Fudosan Holdings Group, we will accelerate our efforts to create Aspiring to play a central part in the medium- and long-term Group synergies and keep seeking new business opportunities and management plan, Value Frontier 2020: To Become a Corporate Group enhancing our business models, thereby aiming for strong growth. that Continues to Create Value, which serves as the guideline for the To achieve sustainable growth as a company, above all, we have Group, we are currently pursuing businesses based on our strengths, to be a strong and vibrant organization. In 2017, we were recognized namely our stable earnings power and our strong development under the 2017 Certified Health and Productivity Management capabilities backed by an impressive track record. Our target year Organization Recognition Program. Without resting, we will continue to is 2020, when the Olympic and Paralympic Games will be held in exert our leadership in promoting health and productivity management Tokyo. In FY2017, we launched the Medium-Term Management Plan and workstyle reforms. In addition, to retain our reputation among for 2017 to 2020 as Stage 2 of Value Frontier 2020. Toward FY2020, customers and society as a group that has come to be associated with we are promoting urban development that proposes new lifestyles and comfort and reliability, we will also maintain our focus on bolstering expansion of the scope of cyclical reinvestment business as growth corporate governance and compliance. strategies. We will continue to create, propose, and actively convey our ideas For the urban development that proposes new lifestyles, we are about new ways of living, working and spending time. We aim to working to add to the appeal of Shibuya under the Greater Shibuya Area exceed expectations that Tokyu Land Corporation continue to take on Concept. Under this concept, we promote area-wide development and challenges and make an endless effort to evolve. management in Shibuya as our home turf as well as its surrounding areas. We are also focusing our efforts on town development which President Yuji Okuma promotes interaction between generations and lifestyle continuity from one generation to the next, an initiative to tackle the issues of 01 View from Hibiya Parkfront (completed in May 2017) 02 History of Tokyu Land Corporation CHRONICLE CHRONICLE CHRONICLE CHRONICLE 1950s-1960s 1970s-1980s 1990s-2000s 2010s- Seeking to be a Great Local Brand As a Comprehensive Lifestyle Producer From Residential Development to Urban Development To an Era of Group Co-Creation Starting with garden cities, we focused on urban development A corporate group that creates lifestyles through After the collapse of the bubble economy, TLC shifted its revenue Anticipating change, we sustained growth in Shibuya, Daikanyama, and other locations business diversification base from sales to leasing business. through Group co-creation. 1923 1970 1993 2010 Sale of Den-en-chofu, Japan’s TLC expands its business Tokyu Stay begins operation, TLC completes Phase I Project first garden city plan, begins. by entering the property the first urban medium- of Futako Tamagawa Rise, one management business, with to long-term stay hotel of the largest private mixed- the establishment of Tokyu (Kamata, Tokyo). use redevelopment projects Community Corporation. in Tokyo. Tokyu Stay Kamata (recent photo) 1953 1976 1993 2011 Tokyu Corporation spins off TLC establishes Tokyu Hands, TLC opens Setagaya Abeno Q's Mall opens as one of its real estate division into Inc., entering the retail Business Square, the first the largest shopping malls in Tokyu Land Corporation (TLC). business under the concept of skyscraper office building Osaka Prefecture. encouraging work done by hand in the Tokyu Group. as a pioneer in the DIY industry. 1955 1982 1994 2012 Construction of Daikanyama TLC starts development of TLC starts supplying houses Tokyu Plaza Omotesando Tokyu Apartment (Japan's Asumigaoka New Town, one of for Kimi no Mori, Japan’s Harajuku opens as a first luxury rental apartment the largest town development first residential golf course cultural center that colors complex for foreign nationals) projects in Japan, which country club. Meiji-jingumae Crossing. is completed. focuses on harmony with nature. 1956 1984 2002 2013 TLC opens Shibuya sales TLC opens Palau Pacific Completion of the Ichiban-cho Tokyu Fudosan Holdings office (predecessor of Tokyu Resort, a full-fledged overseas Tokyu Building, Tokyu's first Corporation is established to Livable, Inc.), the industry’s resort developed in an office building development reinforce the management first full-scale entry into the environmentally-friendly project financed through base for creating synergy real estate intermediary manner. securitization. within the Group. business. 1958 1985 2004 2015 TLC completes construction of TLC establishes Tokyu Sports TLC starts operating Grancreer, Tokyu Plaza Shibuya closes, Tokyu Skyline, the industry’s Oasis Inc. In the following year, marking the opening of ending its 49 years of history, first condominium project. the company opens the first Tokyu’s first senior housing for the redevelopment of members-only fitness club development in anticipation Shibuya. that proposes healthy lifestyles of an aging society (Azamino, (Esaka, Osaka). Yokohama). 1965 1988 2007 2016 TLC opens the Shibuya Tokyu TLC starts operating Tokyu Completion of Shiodome Tokyu Plaza Ginza opens as Building, a trend-setting retail Harvest Club. The company Building, a large-scale the eastern base of the Tokyu complex. opens the first membership office building that caters to Group, marking its full-scale resort hotel, which proposes contemporary business needs. entry into the Ginza area. new ways of enjoying leisure (Tateshina, Nagano). 03 04 Our Group Group’s Medium- and Long-Term Management Plan About Tokyu Fudosan Holdings Group Value Frontier 2020: As a corporate group that continues to create value, the Tokyu Fudosan Holdings Group creates and proposes lifestyles by going To Become a Corporate Group that Continues to Create Value beyond the bounds of physical frames. Under Tokyu Fudosan Holdings Corporation, the Group operates in the seven segments of Urban Development, Residential, Property Management, Real Estate Agents, Wellness, Tokyu Hands, and Innovation Business, The Tokyu Fudosan Holdings Group strives to achieve sustainable growth and long-term improvement of its corporate value with the leading roles played by the six core operating companies: Tokyu Land Corporation, Tokyu Community Corporation, Tokyu under the medium- and long-term management plan, Value Frontier 2020: To Become a Corporate Group that Continues to Create Livable, Inc., Tokyu Hands, Inc., Tokyu Housing Lease Corporation, and National Students Information Center Co., Ltd. We continue Value. The target year for this plan is 2020, which will