Translation

BTM Service Alliance between JR East and JTB

8 April 2005
East Japan Railway Company
JTB Corporation

East Japan Railway Company (JR East) will join forces with JTB BusinessTravel Solutions, Inc (JTB-BTS) of the JTB Group to provide acomprehensive business travel management service (BTM Service) fromApril 2006.
The alliance of JR East, Japan's largest railway company, and JTB-BTS, thecountry's leading provider of BTM services, will not only increase theefficiency with which JR tickets can be arranged and paid for under the BTM
service, but will also provide for establishment of a total business travel
service that includes airline tickets and hotel vouchers.

1.

Details of the alliance(1)

JR East is currently planning to upgrade its existing 'home delivery' ticket sales
system (Takuhai System) for corporate customers by developing an additional
system that will give corporate customers the convenience of purchasing theirtickets online. By combining the functions of this new system with JTB-BTS's
B+PLUS business travel management system for corporate customers, thealliance will enable customers to order JR tickets using the B+PLUS system.

(2)

Under JTB-BTS's current system, JR ticketing operations for corporate
customers, such as the purchasing, cha nging and refunding of tickets, requirephysical delivery. The alliance will enable customers to order JR tickets byconnecting to JR East's new system for corporate customers through B+PLUS
making it possible to issue, change and refund tickets in real time as is currently
possible for airline tickets and hotel vouchers.

(3)In addition to enabling corporate customers to make arrangements for domestic oroverseas business travel through B+PLUS, including arranging JR tickets, airline
tickets and hotel vo uchers, all in real time, it will also be possible to makepayments at the same time, thus greatly enhancing the business travel
management service. Moreover, customers will be able to choose whether to print
their tickets on a ticket printer installed in their office or picking them up at a JR
East station, whichever is most convenient for their travel plans.

2.

Alliance start date
Scheduled for April 2006

Notes
1.

What is BTM?
BTM is an acronym for Business Travel Management, a concept which originatedand developed in Europe and the United States. BTM is a service for thecomprehensive management and provision of domestic and overseas businesstravel solutions tailored to the needs of individual corporate customers, including
JR and airline travel arrangements and accommodation. It provides solutions withhigh added value, including optimization of purchasing, cost reduction from
improved administration, risk management, 24-hour service and systemconstruction.

2.

An outline of JTB Business Travel Solutions, Inc.
1.

Business activities

BTM (Business Travel Management) services(Consulting on domestic and overseas businesstravel, sales of domestic and overseas airline andrailway tickets, planning and arrangement ofcorporate group travel and incentive tours, etc.)

2.

Capital¥490 million

3.

Shareholders

JTB Corporation (70%)
Carlson Wagonlit Travel (CWT) (30%)

4.

Representative

Ken Hibino, Representative Director & President

5.

Location of head office Tokyo Park Side Building, 5-8-40 Kiba, Koto-ku,
Tokyo

6.

Number of employees 510 (as of March 2005)

7.

Sales volume¥58,000 million

8.

Websitehttp://www.jtb-cwt.com

Enquiries
JR East:Press Office, Public Relations Dept.

03-5334-1300

JTB:

Public Relations Dept.

03-5796-5833