JR Central Towers at Nagoya Station

Takao Hashimoto Central Japan Railway Company February 3rd, 2005 Operating Areas of JR Central

JR Central

Osaka Nagoya Tokyo

Shinkansen: 1 line (552.6 km), Conventional lines: 12 lines (1,425.2 km) The Tokaido Shinkansen The former Nagoya Station Building JR Central Towers

Location Nagoya Station

Site area Approx. 82,000 sqm

Primary uses Station facilities, Department store, Hotel, Rental office space, and parking area

Floors Office tower: 51 aboveground floors Hotel tower: 53 aboveground floors 4 underground floors

Highest point Office tower: 245m Hotel tower: 226m

Floor area Approx. 410,000 sqm

Parking capacity Approx. 1,500 automobiles JR Central Towers Parking Area around JR Nagoya station The women’s wear department (JR Nagoya Takashimaya) The lounge (JR Nagoya Takashimaya) Commodities JR Nagoya Takashimaya Grand Opening Trend in Sales of the Major Department Stores in Nagoya

(billion yen) 700 JRJR名古屋ﾀｶｼﾏﾔ Nagoya Takashimaya Maruei 600 丸栄 7000 Meitetsu名鉄百貨店 Mitsukoshi三越名古屋 Nagoya 6000500 Matsuzakaya松坂屋 4535 4561 4513 4564 4222 608 679 827 5000400 558 760 505 495 466 440 4000 872 782 300 764 741 715 3000 1162 200 1125 1119 1082 1080 2000

1000100 1628 1513 1502 1462 1499

0 0

JR Nagoya Takashimaya’s market share 13% 14% 16% 18%

1999 2000 01 02 03 Business Scheme

Central Japan Railway Company (Landowner)

Land Lease

JR Central Building Co., Ltd. (Construction, Ownership, Leasing of the Complex) Capital: \45 billion (Shareholding: JR Central 100%)

Building Lease Building Lease

JR Tokai Hotels Co., Ltd. JR Tokai Takashimaya Co., Ltd. (Hotel Operation) (Department Store Operation) Capital: \9 billion* (Shareholding: JR Central 100%) Capital: \10 billion (Shareholding: JR Central Approx. Nagoya Marriot Associa Hotel 60%, Takashimaya 30%, Local Companies Approx. 10%) (Franchise Contract with Marriott International, Inc.) JR Nagoya Takashimaya

Note: *Figure represents only the amount invested for JR Central Towers. JR Central Towers

- All businesses made a good start in their first year of operations. - Figures for FY2001 were significantly higher than initial forecasts. -- Combined operating revenues: ¥102 billion -- Combined ordinary income: ¥2.3 billion

（\ billions） Initial FY2001 forecast Result Change JR Central Building Co., Ltd. Op. Revenues 20.0 20.7 0.7 Ord. Income △ 2.5 0.5 3.0 JR Tokai Takashimaya Op. Revenues 50.9 61.8 10.9 Co., Ltd. Ord. Income △ 2.3 0.7 3.0 JR Tokai Hotels Co., Ltd. Op. Revenues 14.8 19.5 4.7 Ord. Income △ 2.7 0.9 3.6

1. Figures for JR Tokai Takashimaya Co., Ltd. are for fiscal year ended February 2001. 2. Figures for JR Tokai Hotels Co., Ltd. include results from Hotel Associa Toyohashi and Hotel Associa Takayama Resort. Improvement in Conventional Lines Service

JNR JR Central １９８３ ２００４ 34 52 57 5 40 27 52 6 01535374755 21 31 39 7 5 6 20 21 30 35 40 43 45 50 55 11944 8 0 5 10 15 20 25 30 35 39 45 49 52 55 9 9 5 6 20 21 35 36 50 51 925 10 5 6 20 21 35 36 50 51 42554 11 5 6 20 21 35 36 50 51 25 59 12 5 6 20 21 35 36 50 51 25 13 5 6 20 21 35 36 50 51 6254857 14 5 6 20 21 35 36 50 51 25 56 15 5 6 20 21 35 36 50 51 25 39 16 5 6 20 21 35 36 45 50 51 22955 17 5 6 15 20 21 35 36 45 50 51 015364252 18 5 6 15 20 21 35 36 45 50 51 27 44 55 19 5 6 15 20 21 35 36 45 50 51 25 49 20 5 6 15 20 21 35 36 45 50 51 33 21 5 6 15 20 21 35 36 50 51 20 22 5 6 20 21 35 36 50 56 4 23 10 21 41 46 0 17 Weekday Timetable for Tokaido Line Commuter Trains (eastbound) (Nagoya Station) Trend in the number of passengers using Nagoya Station

名古屋駅乗車人員推移 175,000 175,000

170,000 170,000

165,000 165,000 人員 乗車人員 160,000 160,000

155,000155,000

150,000150,000 1998 1999 2000 2001 2002 2003 1998 1999 2000 2001 2002 2003 年 JR Central Towers at Nagoya Station

Takao Hashimoto Central Japan Railway Company February 3rd, 2005