Interview with the President the Umeda area. On the contrary, we believe that building retail Hanshin Building and Shin Hankyu Building. This is the first time Osaka’s Umeda area, spaces that enhance the attractiveness of Umeda on the whole that an “area specified for urgent urban regeneration work” in will expand this market and draw more customers than ever accordance with the Act on Special Measures concerning Urban driving the Group’s growth before. Regeneration is being used to ease regulations on aboveground Through these efforts, Umeda is undergoing a significant construction. In addition, we will promote the development of The Umeda Hankyu Building and GRAND FRONT OSAKA have been completed at last. transformation. Looking ahead, however, we must further evolve a comfortable, superior-quality community by undertaking this The Umeda 1-1 Project has made significant progress, which is intended to further enhance the Umeda into a highly competitive area on the international stage project in conjunction with upgrades to surrounding public attractiveness of the Umeda area. that gathers together and fosters exchanges among people, facilities. commodities and currencies not only from Kansai and Japan, The Umeda area is the Group’s most important business base. but Asia and numerous other overseas regions. One initiative to Accordingly, we are keenly aware of the role we play in this area. Among the major projects undertaken under the Medium-Term informal tenancy commitments), the subsequent rental income achieve this is the Umeda 1-1 Project, which involves rebuilding Looking ahead, we will work in tandem with the government Management Plan, we finally completed the rebuilding of has begun to contribute to overall earnings. Since the grand the Dai Hanshin Building (in which the Umeda Flagship Store is and business partners as we further revitalise and improve the the Umeda Hankyu Building, which is anticipated to generate opening of the refurbished Hankyu Department Store’s Umeda located) and the adjacent office building, Shin Hankyu Building, attractiveness of the Umeda area in all areas to create a commu- significant earnings in the future. Despite spanning seven and Flagship Store, it has been attracting numerous people daily and into an integrated complex. Thanks to a city plan proposal nity that meets today’s needs. half years, this project was completed without incident, which thereby contributing to increases* in the number of passengers decided upon on 19th April 2013 that establishes a special urban * Compared with the number of passengers in the previous fiscal year following the I personally find deeply satisfying. The new Umeda Hankyu using our railway lines. renaissance district, the Umeda 1-1 Project has made significant grand opening of the Umeda Hankyu Building (until 31st March 2013) Building benefits from the extra capacity made possible by the Another major development project, GRAND FRONT OSAKA, (Hankyu Umeda Station passengers: +2.5%; Hanshin Umeda Station passengers: headway towards commencing commercial operations. This city +1.3%) Act on Special Measures concerning Urban Reconstruction, with commenced operations in April 2013. In conjunction with the plan proposal eases the specified floor-area ratio under the Act the specified floor-area ratio significantly eased from 1,000% to opening of the Umeda Flagship Store, GRAND FRONT OSAKA on Special Measures concerning Urban Reconstruction from 1,800%. This extra capacity has transformed it into a multipurpose is making a substantial contribution to the revitalisation of the 1000% to 2000% (the largest in Japan at the time the proposal 2 building that features an approximately 150,000m department Umeda area. In particular, GRAND FRONT OSAKA attracted over was decided upon). We will also undertake this rebuilding 2 store along with an approximately 100,000m office complex. 300,000 customers on each day of the Golden Week spring project using the space above the road separating the Dai I am proud to say that the Umeda Hankyu Building is not only holiday. the No. 1 building in Umeda, but in the entire Kansai area. With There are those who believe that the addition of these new the building’s occupancy rate rising to nearly 90% (including commercial facilities will create an oversaturated retail market in Umeda is undergoing a significant transformation. Arashiyama Kawara Kyoto Pref. machi Katsura Hankyu Arashiyama Line Kyoto N “Nishiyama-tennozan Station” Myokenguchi (Scheduled to open on 21st December 2013) Special Feature: Our Investment for Growth Nissei-chuo Hankyu Kyoto Line Nosé Electric Railway Line Osaka Pref. Hyogo Pref. Progress and achievement in growth investment Areas Served by Group Lines (Expanded) Umeda to create value along Group railway lines Mino-o Kawanishi-noseguchi Hankyu Hankyu Senri Line Mino-o Line Umeda lies at the centre of the Kita-senri The Group’s Medium-Term Management Plan views the railway and real estate leasing businesses as stable cash flow generators Kansai area, which is one of the and focuses on strengthening the Group’s operating fundamentals to ensure future growth. This includes prioritising real estate Osaka Senri- world’s biggest conurbations, Takarazuka International Ishibashi chuo Airport development investment in our most important base of operations, the central Umeda area. Kita-Osaka Kyuko with approximately 2.5 million Railway Line The Umeda Hankyu Building and GRAND FRONT OSAKA development projects were completed between 2012 and 2013 with Hankyu Imazu Line people passing through it daily. Itami Shinkansen To make the most of the the goal of creating interest in the Umeda area. These projects are beginning to realise an early increase in value along Group Hankyu Koyo Line Hankyu Itami Line Umeda area’s outstanding railway lines, particularly a rise in train passengers. We are also undertaking the new large-scale Umeda 1-1 Project to improve the Tanigami Hankyu Takarazuka Line feature—the largest railway ter- Koyoen Esaka To Kawaramachi (Kyoto) competitiveness of Umeda in the years ahead. We will report on the progress and achievements of our growth investment for each Hokushin Kyuko minus in western Japan—we have Railway Line Shukugawa project as well as explain the potential of the Umeda area and our development policy. Tsukaguchi Awaji completed a series of large-scale Nishinomiya-kitaguchi Hankyu Kobe Line Shin-Osaka development projects and areNara cur- Pref. To Sannomiya (Kobe) Imazu rently undertaking new projects. Imazu Mukogawa Daimotsu Juso Project Project Project Kobe Rapid Transit Railway Line Tenjimbashisuji- Umeda rokuchome Amagasaki Shin-Kobe Hanshin Main Line Mukogawadanchi-mae Sannomiya* Hanshin Mukogawa Line Subway Sakaisuji Line 1 2 3 Minatogawa Shinkaichi Motomachi Osaka Bay Nishidai Hanshin Namba Line Osaka- Namba Kintetsu Nara Line To Kintetsu-Nara To Himeji Sanyo Electric Railway Line Umeda Area in Detail Tenga chaya N GRAND FRONT OSAKA Owner’s Tower Hankyu Corporation Rebuilding of Umeda GRAND FRONT OSAKA Umeda 1-1 Project Head Oce Osaka Station North District (Umekita) Dai Hanshin Building and Shin Hankyu Building Project Applause Tower ( Phase I Development Area Project ) ( Hankyu Building Rebuilding Projects ) GRAND FRONT OSAKA (Osaka Station North District (Umekita) Hotel Hankyu International Total investment: Approx. ¥60 billion Total investment: Approx. ¥51 billion Total investment: Phase I Development Area Project) North Building *Our Group’s share only Yet to be determined Kitano Major uses: (Facility investment only. Excludes investments in land Hankyu Department stores, offices and buildings for sale) Major uses: Underpass Department stores, offices, Bldg. Height: Approx. 187m Major uses: NU_ chayamachi Plus 2 convention halls Total floor area: Approx. 254,000m Offices, commercial facilities, hotels, Kita Hankyu Knowledge Capital, condominiums Height: Approx. 190m (planned) Nishi Bldg. NU_ chayamachi Foor-area ratio: 1800% for sale Hankyu Total floor area: 2 South Building Bldg. Height: Approx. 154m–180m Approx. 257,000m (planned) 2 Umekita Total floor area: Approx. 556,700m Floor-area ratio: 2000% (planned) Umekita Hankyu Floor-area ratio: Hotel Umeda Sta. South Building 1600% Plaza new North Building, Owner’s Tower 1150% Hankyu Hankyu Sanban Gai Midosuji Line Umeda Sta. Umeda Line Midosuji Shopping Centre Umeda Hankyu Terminal Bldg. Centre Bldg. Development Schedule (FY) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2024 JR Osaka Sta. HEP FIVE Rebuilding of Umeda Grand opening in November 2012 Hankyu Project 1 Grand Bldg. Higashi Hankyu Hankyu Building Project ▶ Department Store Building (Phase I) opened in September 2009 Bldg. Umeda Hankyu Bldg. HEP NAVIO ▶ Office Tower opened in May 2010 Hanshin Umeda Sta. (Hankyu Department Store ▶ Department Store Building (Phase II) HERBIS ENT Sta. Umeda Nishi Umeda Flagship Store) opened in October 2012 Dai Hanshin Bldg. HERBIS OSAKA (Hanshin Department Store) GRAND FRONT OSAKA Higashi Umeda Sta. Umeda Higashi Rebuilding of Project Osaka Station North District (Umekita) Opened in April 2013 The Ritz-Carlton, Osaka 2 ( Phase I Development Area Project ) Shin Hankyu Umeda Hankyu Building Project Bldg. Umeda 1-1 Project Completed in Umeda 1-1 Project Project Dai Hanshin Building and Shin (Dai Hanshin Building and Shin Hankyu Building Rebuilding Project) 3 ( Hankyu Building Rebuilding Projects ) 2023 (planned) Project ▶ September 2009 Department Store Building (Phase I) opens ▶ May 2010 Office tower opens Rebuilding of Umeda Hankyu Building