TRANSLATION FOR YOUR CONVENIENCE ONLY Reference Data November 18, 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 Large-scale improvement project of railway; change to the quadruplle tracking ◇ ・・4 and the raised line crossings ◇ Mutual Direct Train Service between Toyoko Line and Minatomirai Line ・・・・・ 5 ◇ Improvement construction in Toyoko Line from Shibuya to Yokohama ・・・・・ 6 ◇ New Lines Planned to Connect with Tokyu Lines ・・・・・・・・・・・・・・ 7 ◆ Real Estate ◇ Major Leased Buildings of Tokyu Group ・・・・・・・・・・・・・・・・・・8 ◇ Major Facilities Relating to Tokyu Group at Shibuya ・・・・・・・・・・・・ 9 ◇ Grandberry Mall ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 10 ◇ Type-1 Urban Area Redevelopment Project of Futako-Tamagawa East District ・・・・・・・11 ◇ Area Redevelopment Around Tama-Plaza sta. ・・・・・・・・・・・・・・・ 12 ◇ Nagata-cho 2chome Project ・・・・・・・・・・・・・・・・・・・・・・・13 ◆ Retail ◇ Commercial Facilities of Tokyu Group ・・・・・・・・・・・・・・・・・・・ 14 ◇ Major Commercial Facilities along Tokyu Railways ・・・・・・・・・・・・・15 ◆ Leisure-Service ◇ Leisure Facilities of Tokyu Group ・・・・・・・・・・・・・・・・・・・・・16 ◇ its communications Inc. ・・・・・・・・・・・・・・・・・・・・・・・ 17 ◆ Hotels ◇ Hotels of Tokyu Group ・・・・・・・・・・・・・・・・・・・・・・・ 18 ◆ Other ◇ Outline of Employees ・・・・・・・・・・・・・・・・・・・・・・・ 19 ◇ Competitive Comparison of Shareholder's Structure (Tokyu Corporation) ・・・20 ◇ Complimentary Ticket for Shareholders ・・・・・・・・・・・・・・・・・ 21 Tokyu Area Regional map of Tokyu Area Tokyu line 20km 10km Tokyo Area along the Tokyu Lines Minatomirai Line Shimotakaido (Defined as “17 Cities & Wards JR Yamanote Line Shibuya where Tokyu Lines are operated”) Other Major Private Railways Nakameguro ・ Area ： 489 sqkm Sangen-jaya Other Major JR Lines Meguro Gotanda (approx. 1/3 the area of London) Tama River Futako-tamagawa Jiyugaoka Ookayama (approx. 8 times the area of Manhattan) 30km Mizonokuchi Oimachi ・ Population ： 4.81 million Den-en-chofu Hatanodai (approx. 2/3 of population in London) Tama-plaza Tamagawa Musashi-kosugi ・ Number of households ： 2.29 million Kodomonokuni Kamata ・ Taxable Income / person ： Hiyoshi Haneda Aobadai Airport approx. 1.5 times the national average • Consumption expenditures in the area: Nagatsuta 9,269.8 billion yen* Kawasaki Minamimachida Kikuna iTS communications (CATV) service area Chuo-rinkan • Subscriber household： approx. 1.07 million 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 500,000 600,000 248,900 yen (as of Jan.2005) Tokyu Toyoko Line 400,000 Tokyu JR Tokaido Line Den-en Toshi 450,000 Line 300,000 200,000 300,000 Keio Line 100,000 Odakyu Line JR Sobu Line 150,000 Keisei Line Benchmark Land Price 0 249,000 yen (as of Jul. 2005) 10～15 15～20 20～25 25～30 （㎞） 0 7 8 4 8 0 4 85 86 8 8 89 90 91 92 93 9 95 96 97 9 99 0 01 02 03 0 05 9 9 9 9 0 0 /19 /19 1 /1 /19 /19 /19 /19 /19 /1 /19 /19 /19 1 /19 /2 /20 /20 /20 2 /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 Population (Thousands of people) Change (%) Change (%) group 0 - 4 1960 1970 1980 1990 2000 2005 2005/1999 2005/2004 2005 2005/1999 2005/2004 National 95,094 103,522 116,195 122,745 126,071 126,869 0.8 0.0 5,671 -4.8 -1.4 Tokyu Area Central Tokyo 2,364 2,404 2,260 2,202 2,162 2,234 3.9 0.7 81 5.4 0.7 Machida-shi 71 184 287 344 370 402 10.2 1.0 18 21.6 1.1 Yokohama-shi 548 782 951 1,099 1,255 1,360 10.2 1.3 68 6.0 -0.4 Kawasaki-shi 201 393 459 515 566 600 6.7 1.0 32 0.3 -0.3 Yamato-shi 41 97 165 190 210 217 4.2 0.4 10 -4.0 -1.8 Total : Tokyu Area 3,224 3,859 4,122 4,350 4,563 4,814 6.5 0.9 210 5.5 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, Oota-ku, Setagaya-ku, Shibuya-ku, Machida-shi, Kanagawa-ku, Nishi-ku, Naka-ku, Kohoku-ku, Midori-ku, Aoba-ku, Tsuzuki-ku, Nakahara-ku, Takatsu-ku, Miyamae-ku, and Yamato-shi ) 2 Transportation History of Revenues from Fares and Passenger Volume (Millions of yen) 130,000 Revenues from Fares A revision of fares (Sep. 1, 1995) A revision of fares 100,000 (Nov. 20, 1991) A revision of fares (Apr. 1, 1997) A revision of fares (Dec. 28, 1997) (Mar.20, 2005) 70,000 FY3/2006 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 forecast revenue from fare 78,436 80,542 84,927 93,382 93,074 92,779 100,568 109,730 109,235 110,489 111,101 113,612 117,182 118,504 120,807 119,961 122,116 ( Thousands of passenger ) 1,000,000 Passenger volume 984,750 984,719 995,402 974,069 967,526 968,745 963,447 958,063 961,095 955,162 956,429 950,780 946,808 946,854 950,000 934,650 935,990 935,069 900,000 850,0000 FY3/2006 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 forecast Student pass 150,370 151,522 150,516 149,795 147,984 146,118 145,281 141,176 136,828 131,066 129,528 127,247 126,069 125,026 126,477 127,016 126,393 Business pass 449,082 460,100 471,831 466,550 458,247 454,647 460,314 454,899 457,599 449,359 443,563 444,468 444,225 444,063 446,903 455,545 462,387 Coupon ticket 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 42,277 Ordinary ticket 305,456 313,742 316,829 313,561 313,729 310,578 304,527 302,410 299,261 299,135 303,358 320,619 347,614 357,457 370,468 359,881 364,345 3 Transportation Large-scale improvement projects of railway; change to the quadruple tracking and the raised line crossings. Meguro Construction FY2006(plan): Complete works on raised line crossings between Meguro and Senzoku. line Project FY2006(plan): Begin to operate rapid trains between Meguro and Musashi kosugi. <Musashi koyama sta.> (Present) (Complete) DOWN UP Change 2 platforms to 4 conversion to underground operation FY2007(plan): Complete works on elevating line and quadruple tracking Construction Toyoko between Musashi kosugi and Hiyoshi . line FY2007(plan): Expand the operating area of Meguro line to Hiyoshi. Project FY2007(plan): Start to operate the municipal subway No.4 of Yokohama city and connect with it in Hiyoshi. <Motosumiyoshi sta.> (Toyoko line)(Meguro line)(Toyoko line) 4 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. Den-en-chofu 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 5 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.