Tokyu

Basic Information

Stock Code
9005
Industry
Land Transportation Industry
Category Detail
Land Transportation
Prefecture
Tokyo
Establishment Year
September 1922
Listing Year
May 1949
Official Website
https://www.tokyu.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Tokyu Land HD, Tobu Railway, Keikyu, Odakyu, Keisei Electric Railway, JR East Japan, JR West Japan, JR Central, Tokyo Metro, Kintetsu Group Holdings, Hankyu Hanshin Holdings, JR Kyushu

Overview

Tokyu is a major land transportation industry player founded in 1922. Even after spinning off its railway operations, it is a holding company promoting urban development centered on real estate, distribution, and hotel businesses.

Current Situation

Tokyu recorded consolidated sales of approximately ¥935.9 billion in the fiscal year ended March 2021. After the railway spin-off, it focuses on real estate leasing, distribution, and hotel resort businesses. In its core urban development, it maintains competitive advantages through large-scale projects like Shibuya redevelopment. It strengthens its business foundation by providing diverse services through collaboration with affiliates. In recent years, it has focused on environmentally considerate development and regional partnerships to promote sustainability. It also addresses digitalization and diversifying customer needs, advances new business initiatives, and closely collaborates with subsidiary Tokyu Railways for sustainable growth.

Trivia

Interesting Facts

  • Historical company originating from Den-en Toshi Co., Ltd.
  • Unique management form focused on urban development after railway spin-off
  • Leading representative company in large-scale Shibuya district redevelopment
  • Participating in major urban development competition like Roppongi Hills
  • Once operated professional baseball team Tokyu Flyers
  • Integrated numerous subsidiaries for diversified business expansion
  • Active initiatives in environment and sustainability
  • Oversees Tokyu Group's transportation, real estate, and resorts
  • Pursuing lifestyle-close management through diverse service businesses
  • Giant in retail sector operating Tokyu Hands and Tokyu Department Stores
  • Also operates BS broadcasting station for media diversification
  • Engaged in local employment creation and volunteer activities
  • Company crest symbolizes group growth with triangular pyramid image
  • Strong group manufacturing and construction divisions like Tokyu Construction
  • Second largest total assets among major Japanese private railway groups

Hidden Connections

  • Originates from Den-en Toshi Co., Ltd. founded by Eiichi Shibusawa
  • Keita Gotō centered on building the foundation of Tokyo Kyuko Electric Railway
  • Maintains strong group synergy even after Tokyu Railways spin-off
  • Operating BS broadcasting station business as JV with Shochiku
  • Participating in multiple local airport concession businesses
  • Once related to professional baseball team and film business
  • One of the major Kanto private railway groups alongside Kintetsu and Hankyu Hanshin
  • Balancing transportation and urban development through diversified businesses

Future Outlook

Growth Drivers

  • Ongoing promotion of metropolitan redevelopment projects
  • Increase in high-value-added real estate revenue from redevelopment
  • Strengthening of sustainable development considerate of environment
  • Response to diversifying consumer needs and new service development
  • Expansion of airport and transportation infrastructure businesses through public-private partnerships
  • Service efficiency through utilization of digital technologies
  • Effective utilization of management resources through inter-group collaboration
  • Customer base expansion through community-focused business deployment
  • Strengthening travel and hotel business anticipating post-Tokyo Olympics demand
  • Expansion of lifestyle services responding to aging society
  • Flexible portfolio operations as diversified holding company
  • Diversification of asset management and investments domestically and internationally

Strategic Goals

  • Completion of large-scale urban redevelopment including Shibuya
  • Establishment of low environmental impact and sustainable business operations
  • Achieve top-class customer satisfaction in lifestyle and services
  • Advanced urban development and transportation services through ICT utilization
  • Expansion of service lineup corresponding to diverse customer segments
  • Further strengthening group company collaboration to maximize synergy
  • Building contribution and coexistence model with local communities
  • Strengthening growth base through new businesses and innovation creation
  • Continued women's empowerment to form diverse organization
  • Stable revenue from regional airports and other infrastructure businesses

Business Segments

Real Estate Development and Leasing Management

Overview
Comprehensive development to leasing management of offices and commercial facilities.
Competitiveness
Local ties and capacity for large-scale projects like Shibuya redevelopment
Customers
  • Corporate Tenants
  • Commercial Facility Operators
  • Municipalities
  • Local Governments
Products
  • Office Building Leasing
  • Commercial Facility Leasing
  • Rental Apartment Management
  • Real Estate Consulting

Urban Transportation Infrastructure Services

Overview
Provides development around railway stations and transportation service solutions.
Competitiveness
Infrastructure development through group collaboration even after railway spin-off
Customers
  • JR and Other Private Railways
  • Local Governments
  • Airport Operators
Products
  • Station Building Development
  • Transportation Management Solutions
  • Bus Operation Management

Hotel and Resort Business Operations Support

Overview
Provides support services for hotel and resort operations.
Competitiveness
Reliability from Tokyu Hotel brand
Customers
  • Hotel Operators
  • Resort Facility Managers
  • Tourism-Related Companies
Products
  • Lodging Facility Operations
  • Facility Management
  • Marketing Support

Distribution and Retail Business Support

Overview
Support business for diverse retail chains.
Competitiveness
Utilization of Tokyu Group's extensive network
Customers
  • Retailers
  • Logistics Companies
  • Advertising Agencies
Products
  • Store Development
  • Advertising Promotion
  • Logistics Management

Construction and Equipment Maintenance Services

Overview
Provides from construction to equipment management and renovation.
Competitiveness
Comprehensive strength of Tokyu Construction Group
Customers
  • Building Owners
  • Public Transportation Companies
  • Commercial Facility Operators
Products
  • Facility Construction
  • Equipment Maintenance
  • Security Monitoring Systems

Communications and Media Business

Overview
Operates centered on cable TV and BS satellite business.
Competitiveness
Multi-faceted expansion linked with Shochiku and BS Shochiku Tokyu
Customers
  • TV Stations
  • CATV Operators
  • Internet Service Companies
Products
  • Cable TV
  • Satellite Broadcasting
  • Digital Distribution Services

Lifestyle Support and Human Resources Services

Overview
Comprehensive support in housing, caregiving, and services.
Competitiveness
Synergy with group brands
Customers
  • Housing Management Companies
  • Service Industries
  • Staffing Agencies
Products
  • Housing Cleaning and Management
  • Care Services
  • Advertising Agency

Energy Supply Business

Overview
Expands electricity supply business for households and commercial facilities.
Competitiveness
Stable supply through collaboration with Tohoku Electric
Customers
  • Household Electricity Customers
  • Building Managers
  • Retail Stores
Products
  • Electricity Sales
  • Energy Management Services

Airport Operations Services

Overview
Participates in operations of Sendai Airport and Mt. Fuji Shizuoka Airport.
Competitiveness
Sustainable operations through regional collaboration
Customers
  • Local Airport Managers
  • Local Governments
Products
  • Airport Concession Development
  • Facility Management
  • Passenger Services

Real Estate Investment and Fund Operations

Overview
Handles planning and management of real estate investment funds.
Competitiveness
Group's abundant property information and expertise
Customers
  • Investors
  • Asset Management Companies
Products
  • Real Estate Funds
  • Asset Management
  • Investment Consulting

Competitive Advantage

Strengths

  • Strong urban development capabilities and real estate leasing base
  • Extensive group company network
  • Diversified business portfolio
  • Community-focused service deployment
  • High brand recognition
  • Stable financial base
  • Long history and management experience
  • Focus on sustainability
  • Excellent management team and governance
  • Active investment for market expansion
  • Consolidated sales exceeding ¥1 trillion
  • Strengthened collaboration with railway business
  • High-value-added urban development
  • Diverse lifestyle services business
  • Strong ties with local communities

Competitive Advantages

  • Leading large-scale urban redevelopment centered on Shibuya
  • Business efficiency improvement through railway spin-off
  • Diverse group companies spanning wide industries
  • Strong real estate management and development expertise
  • High-quality hotel and resort business expansion
  • Integrated operations of local transportation and lifestyle services
  • Financial strength from stable revenue base
  • Advanced environmental and sustainability initiatives
  • Ability to serve diverse customer segments
  • Talent acquisition and stable management structure
  • Synergy effects from Tokyu Group collaboration
  • Comprehensive CSR activities contributing to community coexistence
  • Growth strategy through flexible business reorganization
  • Active digitalization and new service introductions
  • Business expansion in local airport concessions

Threats

  • Impact on earnings from real estate market fluctuations
  • Market shrinkage due to population decline and aging
  • Intensifying urban development competition with rivals
  • Cost increases from stricter environmental regulations
  • Impact of geopolitical economic instability
  • Labor shortages hindering talent acquisition
  • Facility damage risks from natural disasters
  • Intensifying competition from new entrants
  • Demand for rapid response to technological innovations
  • Fuel price fluctuation risks in transportation industry
  • Rising land prices increasing development costs
  • Lagging behind in economic digital shift

Innovations

2023: Shibuya Miyamasuzaka Redevelopment Project Investment

Overview
Investing approx. ¥240 billion to advance redevelopment of Miyamasuzaka area using latest environmental technologies.
Impact
Contributes to regional value enhancement and revenue base strengthening

2022: BS Shochiku Tokyu Broadcasting Station Launch

Overview
Launched satellite broadcasting station established as JV with Shochiku, starting diverse media expansion.
Impact
Contributes to revenue diversification in media business

2021: Digital Ticket Machine Cash-Out Service Launch

Overview
Introduced smartphone-linked cash withdrawal function on station ticket machines to improve convenience.
Impact
Contributes to higher user satisfaction

2024: Green City Development Promotion

Overview
Focusing on environmentally considerate commercial and residential district development to advance next-generation urban creation.
Impact
Improves sustainability ratings

2023: AI Utilization for Urban Development Efficiency

Overview
Introduced AI-based development planning optimization system.
Impact
Achieves shorter development periods and cost reductions

2022: Management Efficiency Improvement through Railway Business Spin-Off

Overview
Spun off railway business to Tokyu Railways in 2019, strengthening operational specialization.
Impact
Contributes to overall group management efficiency

2020: New Airport Concession Business Participation

Overview
Participates in operations of Sendai Airport and Mt. Fuji Shizuoka Airport to strengthen regional transportation infrastructure.
Impact
Local economic revitalization and revenue source expansion

Sustainability

  • Promotion of environmental load reduction plans in Shibuya redevelopment
  • Promoting coexistence through collaboration with local communities
  • Promotion and dissemination of energy-saving architecture
  • Implementation of ecological facility operations management
  • Fostering corporate culture respecting diversity and inclusion