TOKYU CORPORATION【JP:9005】Stock Price

Tokyu Corporation operates diverse business segments and provides a wide range of services and businesses. Below is an overview of its main operations.

**Transportation Business**

Tokyu Railway Company operates nine railway lines, including the Toyoko Line and Den-en-toshi Line, in southwestern Tokyo and Kanagawa Prefecture, providing passenger transportation services. Izu Kyuko Railway Company and Ueda Railway Company also provide railway services in their respective regions. In the bus business, Tokyu Bus Company operates route bus services in southwestern Tokyo and Kanagawa Prefecture.

**Real Estate Business**

Tokyu Real Estate Company develops and sells residential properties in the Greater Tokyo and Kansai regions, and operates similar businesses in Vietnam. In real estate leasing, the company rents office buildings and provides property management services. Tokyu Livable Company operates real estate brokerage services with a focus on local communities.

**Lifestyle Services Business**

Tokyu Department Store Company operates department stores in Tokyo and Kanagawa Prefecture, while Tokyu Store Company operates chain store businesses. In shopping center operations, the company manages commercial facilities centered in Shibuya. The company also operates credit card services, cable television services, advertising services, and video production businesses, providing a comprehensive range of services.

**Hotel and Resort Business**

Tokyu Hotels Company operates hotels under brands such as "Tokyu Hotel" and provides asset management services. In the golf business, the company operates multiple golf courses and provides resort facilities. Through these operations, Tokyu provides services that meet diverse customer needs.

Tokyu Corporation operates under the slogan "Toward a Beautiful Era—Tokyu Group," with a philosophy of pursuing a harmonious society and individual happiness. The company aims to strengthen its brand through independence and co-creation, becoming a trusted enterprise. It responds to market expectations, creates new possibilities, and promotes management that balances economic activity with the natural environment.

The company adopts sustainable management as its fundamental approach, prioritizing key themes including "safety and security," "urban development," and "quality of living environment." Through these initiatives, it works to create beautiful living environments for the future and address social challenges through its business operations, contributing to the realization of a sustainable society.

The three-year medium-term management plan beginning in fiscal 2024 aims to build a stable and growth-oriented business portfolio. The company will simultaneously improve capital efficiency and maintain financial soundness to drive sustained corporate value growth. It also seeks to create conglomerate premium through deepened cross-business collaboration.

The company's growth strategy centers on realizing a long-term circular business model through synergies between transportation and real estate operations, supported by reinvestment. By responding to external environmental changes and advancing both business and corporate strategies, it will strengthen its management foundation and pursue sustained corporate value growth, targeting a management restart.

Key initiatives include achieving internal growth through improved profitability of existing businesses and continuing growth investments for sustainable expansion. The company will expand its business scope through real estate development projects that enhance area value, overseas business advancement, and GX investments. It also prioritizes human resources and digital strategy development.

Management indicators focus on EPS, ROE, and ROA, with emphasis on capital-efficient operations. The company recognizes its cost of equity capital at 5.1% to 6.5%, prioritizing efficiency and financial soundness to enhance shareholder value.

The investment plan allocates approximately 520 billion yen over three years, with emphasis on railway operations and real estate development. For shareholder returns, the company targets a dividend payout ratio of 30%, aiming for stable dividends with increases aligned to profit growth. The company also actively pursues share buybacks.