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TRANSLATION FOR YOUR CONVENIENCE ONLY Reference Data May 19, 2005 Investors Meeting Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents ◆ Tokyu Area ◇ Regional Map of Tokyu Area ・・・・・・・・・・・・・・・・・・・・・・ 1 ◇ Summary of Tokyu Area ・・・・・・・・・・・・・・・・・・・・・・・・・2 ◆ Transportation ◇ History of Revenues from Fares and Passenger Volume ・・・・・・・・・・・3 ◇ Mutual Direct Train Service between Toyoko Line and Minatomirai Line ・・・ 4 ◇ Improvement construction in Toyoko Line from Shibuya to Yokohama ・・・・ 5 ◇ New Lines Planned to Connect with Tokyu Lines ・・・・・・・・・・・・・・ 6 ◆ Real Estate ◇ Major Leased Buildings of Tokyu Group ・・・・・・・・・・・・・・・・・・ 7 ◇ Major Facilities Relating to Tokyu Group at Shibuya ・・・・・・・・・・・・ 8 ◇ Grandberry Mall ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 9 ◇ Type-1 Urban Area Redevelopment Project of Futako-Tamagawa East District ・・・・・・・10 ◇ Area Redevelopment Around Tama-Plaza sta. ・・・・・・・・・・・・・・・ 11 ◆ Retail ◇ Commercial Facilities of Tokyu Group ・・・・・・・・・・・・・・・・・・・ 12 ◇ Major Commercial Facilities along Tokyu Railways ・・・・・・・・・・・・・13 ◆ Leisure-Service ◇ Leisure Facilities of Tokyu Group ・・・・・・・・・・・・・・・・・・・・・14 ◇ its communications Inc. ・・・・・・・・・・・・・・・・・・・・・・・ 15 ◆ Hotels ◇ Hotels of Tokyu Group ・・・・・・・・・・・・・・・・・・・・・・・ 16 ◆ Other ◇ Outline of Employees ・・・・・・・・・・・・・・・・・・・・・・・ 17 ◇ Competitive Comparison of Shareholder's Structure (Tokyu Corporation) ・・・ 18 ◇ Complimentary Ticket for Shareholders ・・・・・・・・・・・・・・・・・ 19 Tokyu Area Regional Map of Tokyu Area 20km 10km Area along the Tokyu Lines Tokyu Lines Tokyo Minatomirai Line Shimotakaido (Defined as “17 Cities & Wards Shibuya JR Line where Tokyu Lines are operated”) Other Major Private Railways Nakameguro • Area : 489 sqkm 30km Sangen-jaya Meguro (approx. 1/3 the area of London) Gotanda (approx. 8 times the area of Manhattan) Futako-tamagawa Jiyugaoka Ookayama • Population : 4.77 million Oimachi Mizonokuchi Den-en-chofu Hatanodai (approx. 2/3 of population in London) Tamagawa • Number of households : 2.26 million Musashi-kosugi • Taxable Income / person : Tama-plaza Kodomonokuni Kamata approx. 1.5 times the national average Hiyoshi Haneda Airport • Consumption expenditures in the area: 8,960.6 billion yen* Aobadai Nagatsuta Kawasaki iTS communications (CATV) service area Kikuna • Subscriber household: approx. 1.07 million Chuo-rinkan Tama Den-en Toshi (Tama Garden City) Yokohama 40km • Area : 50 sqkm • Population : approx. 570 thousand people Motomachi ・ Chinatown *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 Public Management, Home Affairs, Posts and Telecommunications) •The above data are based on the latest figures available in the company. 1 Tokyu Area Summary of Tokyu Area History of Land Price Average Land Price of Residential Area in Tama Garden City by Railway Lines in Greater Tokyo (Yen/㎡) (Yen/㎡) Source: Created by Tokyu Corp. based on data of Ministry of Land Infrastructure and Transport Source: Created by Tokyu Corp. based on 2005 data of Ministry of Land Infrastructure and Transport 750,000 600,000 Posted Land Price 600,000 500,000 248,900 yen (as of Jan.2005) Tokyu Toyoko Line 400,000 Tokyu 450,000 JR Tokaido Line Den-en Toshi Line 300,000 300,000 Keio Line 200,000 Odakyu Line 150,000 100,000 Benchmark Land Price 249,500 yen (as of Jul. 2004) JR Sobu Line Keisei Line 0 0 8 (㎞) 85 86 87 8 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 10~15 15~20 20~25 25~30 19 19 19 19 19 19 19 19 19 19 19 19 19 /19 19 20 20 20 20 20 20 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1 1/ 1/ 1/ 1/ 1/ 1/ 1/ Distance from Tokyo Station History of Population in Tokyu Area Source: Ministry of Public Management, Home Affairs, Posts and Telecommunications (As of March 31) Population of age group 0 - 4 Population (Thousands of people) Change (%) Change (%) (Thousands of people) 1960 1970 1980 1990 2000 2004 2004/1999 2004/2003 2004 2004/1999 2004/2003 National 95,094 103,522 116,195 122,745 126,071 126,824 0.8 0.1 5,753 (3.4) (1.2) Tokyu Area Central Tokyo 2,364 2,404 2,260 2,202 2,162 2,219 3.1 0.6 81 4.7 0.8 Machida-shi 71 184 287 344 370 398 9.1 1.3 18 20.3 1.5 Yokohama-shi 548 782 951 1,099 1,255 1,343 8.8 1.5 68 6.5 (0.1) Kawasaki-shi 201 393 459 515 566 595 5.6 2.5 32 0.5 (1.0) Yamato-shi 41 97 165 190 210 216 3.8 0.7 11 (2.2) (1.1) Total : Tokyu Area 3,224 3,859 4,122 4,350 4,563 4,771 5.5 1.2 210 5.1 0.2 ・ Municipal district population in 1960 is based on the national census data. ・Population of Nakahara-ku, and Takatsu-ku in Kawasaki-shi in 1960 and 1970 are based on that of corresponding municipal districts in the statistics (Third and fourteenth report) conducted by Kawasaki-shi due to no such wards existed. ・ Tokyu Area : it is defined as "17 municipal districts where Tokyu Lines are operated.” (Shinagawa-ku, Meguro-ku, Ota-ku, Setagaya-ku, Shibuya-ku, Machida-shi, Kanagawa-ku, Nishi-ku, Naka-ku, Kohoku-ku, Midori-ku, Aoba-ku, Tsuzuki-ku, 2 Transportation History of Revenues from Fares and Passenger Volume (Millions of yen) 130,000 Revenues from Fares A revision of fares A revision of fares (Sep. 1, 1995) 100,000 (Nov. 20, 1991) A revision of fares (Apr. 1, 1997) A revision of fares (Dec. 28, 1997) (Mar.20, 2005) 70,000 FY3/1990 FY3/1991 FY3/1992 FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2000 FY3/2001 FY3/2002 FY3/2003 FY3/2004 FY3/2005 Revenues from Fares 78,436 80,542 84,927 93,382 93,074 92,779 100,568 109,730 109,235 110,489 111,101 113,612 117,182 118,504 120,807 119,961 ( Thousands of passenger ) 1,000,000 Passenger Volume 984,750 984,719 974,069 967,526 968,745 961,095 963,447 958,063 955,162 956,429 950,780 946,808 946,854 950,000 934,650 935,990 935,069 900,000 850,0000 FY3/1990 FY3/1991 FY3/1992 FY3/1993 FY3/1994 FY3/1995 FY3/1996 FY3/1997 FY3/1998 FY3/1999 FY3/2000 FY3/2001 FY3/2002 FY3/2003 FY3/2004 FY3/2005 Student Pass 150,370 151,522 150,516 149,795 147,984 146,118 145,281 141,176 136,828 131,066 129,528 127,247 126,069 125,026 126,477 127,016 Business Pass 449,082 460,100 471,831 466,550 458,247 454,647 460,314 454,899 457,599 449,359 443,563 444,468 444,225 444,063 446,903 455,545 Coupon Tickets 29,742 32,699 34,893 37,620 41,135 43,819 46,307 52,295 53,120 56,430 58,620 54,520 45,539 42,199 40,902 42,277 Ordinary Tickets 305,456 313,742 316,829 313,561 313,729 310,578 304,527 302,410 299,261 299,135 303,358 320,619 347,614 357,457 370,468 359,881 3 Transportation Mutual Direct Train Service between Toyoko Line and Minatomirai Line Subway ■ Significance of Mutual Direct Train Service JR Yamanote Line No.13 To Shinjuku ◇ Increased importance of Toyoko Line. ・ Vitalize downtown Yokohama by increasing accessibility to central Tokyo. Tokyu Toyoko Line Shibuya ・ Create a major route among Ikebukuro, Shinjuku, Shibuya, and Yokohama upon completion of the service between Nakameguro Toyoko Line and Subway No.13. Tokyo ◇ Collaboration within Tokyu Group facilities. Jiyugaoka Metro Line Tokyu Oimachi ・ Increase value of commercial complex and office building Line in Queens Square above the Minatomirai Station. Denenchofu Tokyu Meguro Line ■ Construction for Mutual Direct Train Service Tamagawa Tokyu ◇ Section: Higashihakuraku Sta. – Yokohama Sta., 2.0km Musashi Kosugi Tamagawa ◇ Section: Higashihakuraku Sta. – Yokohama Sta., 2.0km JR Line Line (Tokyu’s own section) ◇ Description: Transfer of railroad track to the underground Shin Kikuna rails Yokohama JR Line ◇ Period: Started in Jul. 1995 – Complete in FY2007. JR Shinkansen Higashi Hakuraku ◇ Cost: 23.0 billion yen (invested by Tokyu Corp.) JR Line Keikyu Line Yokohama Minatomirai Line ■ Inauguration Date: February 1st 2004 Sotetsu-line (Yokohama Minatomirai railway company) ■ Use of area along the discontinued railroad Minatomirai on Toyoko Line (plan) Sakuragi-cho ◇ Redevelop 500 m long track area from Yokohama Sta. toward Higashi Hakuraku JR Line Motomachi - China Town ◇ Sell the rest of the area to Yokohama City Yokohama Subway 4 Transportation Improvement construction in Toyoko Line from Shibuya to Yokohama ■ Change in the Railway Business Environment ◇ “Customer acquisition over a wide area” and “Access to Growth Areas” Tobu Tojo Line will become more important Wako-shi Tokyo Metro ・ Mature society caused by increased proportion of aging population and slow growth of Yurakucho Line population ・ Metropolitan structure change due to growth of Shinjuku subcenter and Yokohama ・ Seibu Nerima Ikebukuro Increased competition with JR Shonan Shinjuku Line and quadrupled Odakyu Line Ikebukuro Line Subway No.13 ■ Point of Mutual direct train service with Subway NO.13 Shinjuku ◇ The increased importance of Toyoko Line. ・ Forming a part of the “Axes connecting Yokohama and subcenter in Tokyo”, the Toyoko line enhances its presence in the wide area railroad network in Tokyo Shibuya ◇ Practical use of the track space on the ground after the completion of underground Toyoko Line ・ Redevelopment of Shibuya Sta. will increase attractiveness of Shibuya Area. ■ Construction for Mutual direct train service operation and Toyoko Line Improvement ◇ Section: from Shibuya station to Yokohama station ◇ Description: - Transfer railroad track to the underground rails from Shibuya sta.