First Half of FY2013(Ended September 30, 2012)

Financial Results Presentation

November 7, 2012

Keihan Electric Railway Co., Ltd.
(Tokyo Stock Exchange 1st / Osaka Securities Exchange 1st
Securities Code: 9045

http://www.keihan.co.jp/)[Notes on forecasts]

Descriptions of business forecasts and future prospects are based on current information and certain
assumptions about factors that may affect future business. The actual results of operating
performance may differ from these forecasts.

Overview of the First Half of FY2013
Financial Results

Consolidated Statements of Income(Millions of yen)

1H FY2012
Results

1H FY2013
Results

Operating revenue

122,878

129,648

Operating income

8,654

12,204

Ordinary income

6,353

10,161

Net income

3,936

6,566

EBITDA

17,50920,594

Depreciation

8,855

8,389

Change6,769(5.5%)

3,550(41.0%)

3,808(59.9%)

2,629(66.8%)

3,084

Main factors of changes

May 2012
Estimate

Transportation +148, Real estate +6,285, Retail -719,
Leisure and service +1,064, Others +89

128,100

Transportation +895, Real estate +1,832, Retail +245,
Leisure and service +494, Others +82

9,200

Non-operating income -156
(Dividends income -19, Miscellaneous income -135)
Non-operating expenses -414
(Interest expenses -116, Miscellaneous expenses -287)

6,900

Extraordinary income -773
(Contribution for construction -622, Gain on sales of investment
securities -251)
Extraordinary loss -687
(Loss on reduction of fixed assets -545)

4,200

EBITDA：Operating income + Depreciation(17.6%)-465－－(-5.3%)[Changes in scope of consolidation and application of the equity method (from the previous fiscal year end)]
Consolidated subsidiaries:
37 companies (1 company): New: 1 company Keihan Kind Co., Ltd.
Equity method affiliates:
2 companies (No changes)2

Consolidated Balance Sheets(Millions of yen)

FY2012
Results

1H FY2013
Results

ChangeMain factors of changes

Current assets

137,064

133,248-3,816

Notes and accounts receivable
Prepaid expenses
Cash and deposit

Fixed assets

505,438

503,665-1,772

Investments and other assets

642,502636,913-5,588

Total assets
Current liabilities

184,947

188,317

3,369

Long-term liabilities

311,767

298,390-13,376

Total liabilities

496,714486,708-10,006

Net assets

145,788

150,205

4,417

Total liabilities and net
assets642,502636,913-5,588Interest-bearing debt at
end of interim period

335,864

331,874-3,989-1,929Current portion of bonds
Income taxes payable
Accounts payable+10,018+1,462-8,129Bonds
Long-term loans-10,228-1,602Retained earnings+5,374
Valuation difference on available-for-sale securities -1,126* Equity capital ratio
23.1% (+0.8pt)

Loans payable
Bonds
Long-term accounts payable*Interest-bearing debt: Loans payable + bonds + accounts payable for Japan Railway Construction, Transport and Technology Agency (JRTT)

3-6,514+678+618-2,484-210-1,294

Consolidated Statements of Cash Flows(Millions of yen)

1H FY2012
Results

1H FY2013
Results

ChangeIncome before income taxes
Changes in notes and accounts receivable
Changes in inventories+3,722+3,107+3,82018,039Purchase of fixed assets
Purchase of investment securities+14,577+3,917

Proceeds from issuance of bonds
Changes in short-term loans
Redemption of bonds-20,424-3,056+9,922

Operating cash flows

7,680

16,777

9,097

Investing cash flows-29,104-11,064

Financing cash flows

9,045-5,849-14,894

Net increase (decrease) incash and cash equivalents-12,379-136

12,243

Increase in cash and cash
equivalents from newly
consolidated subsidiary

－

204

204

Increase in cash and cash
equivalents resulting frommerger with non-consolidated
subsidiaries

13

－

-13

14,381

19,195

4,814

Cash and cash equivalents
at end of interim period

4Main factors of changes

Segment Information(Millions of yen)

1H FY2012
Results

Operating revenue

1H FY2013
Results

Change (%)

Change122,878

129,648

6,769

5.5

Transportation

46,17946,328148

0.3

Real estate

21,89028,175

6,285

28.7

Retail

47,30846,589-719-1.5

Leisure and service

12,513

13,577

1,064

8.5

650

740

89

13.7

-5,663-5,762

-99

－

8,654

12,204

3,550

41.0

Transportation

3,490

4,386

895

25.7

Real estate

4,047

5,880

1,832

45.3

Retail

710

956

245

34.6

Leisure and service

432

927

494

114.3

Others

-80

1

82

－

Elimination

53

52

-1

－

OthersElimination

Operating income5Segment Information (Breakdown)[Consolidated subsidiaries] 38 companies (Keihan Electric Railway covers both the transportation business and thereal estate business) [Equity method affiliates] 2 companies

Transportation
Real estate
RetailLeisure and service
OthersKeihan Electric Railway Co., Ltd., Keifuku Electric Railroad Co., Ltd., Keihan Bus Co., Ltd., and 13
other companies
Keihan Electric Railway Co., Ltd., Keihan Dentetsu Real Estate Co., Ltd., Eastern Kogyo Co., Ltd.,*Keihan Kind Co., Ltd., and 3 other companies
Keihan Department Stores Co., Ltd., Keihan The Store Co., Ltd., Keihan Ryutsu Systems Co., Ltd.,and 2 other companies
Hotel Keihan Co., Ltd., Kyoto Tower Co., Ltd., Kyoto Century Hotel Co., Ltd., Biwako Kisen
Steamship Co., Ltd., and 6 other companies
Keihan Card Co., Ltd.

*Consolidated subsidiaries: increase of 1 YoY<Operating revenue by segment>(1H FY2013 ¥129.6 billion)<Operating income by segment>(1H FY2013 ¥12.2 billion)

Others¥0.7 billion (0.6%)

Others¥0.0 billion (0.0%)

Leisure andservice¥13.5 billion(10.0%)

Retail¥46.5 billion(34.4%)

Leisure andservice¥0.9 billion(7.6%)

Transportation¥46.3 billion(34.2%)

Retail¥0.9 billion (7.9%)

Real estate¥28.1 billion(20.8%)

Real estate¥5.8 billion(48.4%)

Note: Breakdown of operating revenue and operating income by segment, including intersegment transactions.

6

Transportation¥4.3 billion(36.1%)

Results of Transportation(Millions of yen)

1H FY2012
Results

1H FY2013
Results

ChangeChange (%)

Summary

Operating revenue

46,17946,328148

0.3

Railway operation
Bus
Elimination

Operating income

3,490

4,386

895

25.7

Railway operationBus

39,405 (+180)
13,106 (+443)-6,183 (-475)

4,129 (+928)
232 (+85)<< Operating results for transportation (Keihan Electric Railway) >>Number of passengers(Thousands of people)
1H FY2012
Results

1H FY2013
Results

Non-commuter passes

71,84672,081

Commuter passes

69,417141,264

Total

Passenger transportation revenue(Millions of yen)
Change (%)

1H FY2012
Results

1H FY2013
Results

234

0.3

16,77016,717-52-0.3

69,051

-365

-0.5

8,062

7,992

-69

-0.9

141,133

-130

-0.1

24,832

24,709-122-0.5

Change7

ChangeChange (%)

Results of Real Estate(Millions of yen)

1H FY2012
Results

1H FY2013
Results

ChangeChange (%)

Summary

Operating revenue

21,89028,175

6,285

28.7

Real estate
Construction
Elimination

Operating income

4,047

5,880

1,832

45.3

Real estate
Construction

24,534 (+7,842)
5,939(+361)-2,297 (-1,918)
5,919 (+1,651)
-66
(-43)
(Millions of yen)<<Results by business>>
Operating revenue
1H FY2012
Results

1H FY2013
Results

Real estate sales

9,449

15,208

Real estate leasing service

7,241

Real estate management
Total

Operating income
Change (%)

1H FY2012
Results

1H FY2013
Results

5,758

60.9

589

1,477

888

150.8

8,246

1,004

13.9

3,679

4,421

742

20.2

－

1,080

1,080

－

－

21

21

－

16,691

24,534

7,842

47.0

4,268

5,919

1,651

38.7

Change<<New leasing properties>><<Main condominium buildings for sale>>

Name(Millions of yen)

Number ofunits sold*Fine Flats Kuzuha the Residence

2,552

72

Hirakata city, Osaka

Grand First Senri Momoyamadai

1,770

56

Suita city, Osaka

La Breise Keihan-Makino

1,577

60

Hirakata city, Osaka

Grand Marks Twin Fort

1,233

37

Adachi ward, Tokyo

Name

Sales amount

Change(%)

ChangeLocation* After adjusting for share in project

Acquired date

Location

Eastern Building*January 2012

Minato ward, Tokyo

Toranomon 5 Mori Building

August 2011

Minato ward, Tokyo

Mikami Building

June 2011

Setagaya ward,
Tokyo

Eishin Building

April 2011

Chiyoda ward,Tokyo* Eastern Building became part of the portfolio following the acquisition of shares inthe building’s owner, Eastern Kogyo Co., Ltd.

8

Results of Retail(Millions of yen)

1H FY2012
Results

Operating revenue

Operating income

47,308710

1H FY2013
Results

Change46,589956

Change (%)

-719

245

Summary-1.5

Department store
Store
Shopping mall management
Restaurant

25,883 (+230)
13,119 (-878)
5,641
(-63)
3,389
(-47)

34.6

Department store
Store
Shopping mall management
Restaurant

116 (+163)
247
(-18)
493 (+102)90(-0)<< Sales of Store >><< Sales of Department Store >><< Major New Stores >>(Millions of yen)
Name

Opening date

Location

Store

Sales
amountChange(Millions of yen)
DivisionSales
amountChangeJuicer Bar AUGA Aomori
Store

September 8, 2012

Aomori city,
AomoriMoriguchiStore11,443

-42

Store

5,875

-212

Juicer Bar Shinkansen ShinOsaka Station Store

August 8, 2012

Yodogawa ward,
Osaka city

Hirakata Store

3,336

164

Convenience
store

2,905

-102

Kyobashi
Store

3,507

-95

Kiosk

357

-89

May 1, 2011

Kita ward,
Osaka city

Kuzuha Store

4,860

-3

Station business

3,475

-462

Miscellaneous
revenue505-11

13,119-878

SWEETS BOX LUCUA
Osaka Store<< Main Stores Closed>>
Name

Ashikari Hilton Plaza EastStore

Closing date

Suminodo
Store

Location

July 21, 2012

Kita ward,
Osaka city

Juicer Bar Kyoto Subway
Station StoreMarch 31, 2012

Shimogyo ward,
Kyoto city

12 kiosks

March 7, 2012, etc.

UNIQLO Tennouji Subway
Station Store

December 31, 2011

Miscellaneous
revenue
Total－
Abeno ward,
Osaka city

9

2,435

209

299

-3

25,883230

Total

Results of Leisure and Service(Millions of yen)

1H FY2012
Results

1H FY2013
Results

ChangeChange (%)

Summary

Operating revenue

12,513

13,577

1,064

8.5

Hotel
LeisureOperating income

432

927

494

114.3

Hotel
Leisure11,053 (+1,108)
2,602
(-36)
762
275

(+502)(+3)<< Hotel occupancy rates >>Hotel Keihan

1H FY2012
Results

1H FY2013
Results

Kyobashi

93.3%

91.6%

-1.7pt214

Temmabashi

81.4%

81.0%

-0.4pt

317

Kyoto

91.4%

96.8%

5.4pt

286

Universal City

76.7%

82.5%

5.8pt

330

Universal Tower

75.6%

84.5%

8.9pt

641

Asakusa

84.9%

95.4%

10.5Pt178

Sapporo

88.5%

93.1%

4.6pt

200

79.1%

83.5%

4.4pt

171

Kyoto Tower Hotel

90.4%

94.6%

4.2pt

158

Kyoto Dai-ni Tower Hotel

83.3%

86.4%

3.1pt

303

Kyoto Tower Hotel Annex

93.5%

96.4%

2.9pt

122

88.8%

91.1%

2.3pt

220

－

－

－

3,140

Biwako Hotel

Kyoto Tower

Kyoto Century Hotel
Total

10

Number ofrooms

ChangeRemarks

July 25, 2011

Acquisition of sharesNon-consolidated Statements of Income(Millions of yen)

1H FY2012 1H FY2013
Results
Results

ChangeChange (%)

37,481

39,0321,550

4.1

Railway operation

26,414

26,275-138-0.5 Passenger transportation revenue

Subsidiary business

11,066

12,756

1,689

15.3

Real estate sales

2,376

3,648

1,272

53.6

Real estate leasing service

7,241

7,562

320

4.4

Leisure

1,448

1,545

96

6.7 Number of visitors in Hirakata Park

Operating income

6,809

8,182

1,372

20.2

Railway operation

3,073

3,675

601

19.6

Subsidiary business

3,735

4,506

770

20.6

Real estate sales

37

370

333

900.5

3,679

4,007

328

8.9

19

127

108

563.7

Operating revenue

Real estate leasing service
LeisureOrdinary income

5,385

7,214

1,829

Net income

3,605

4,756

1,150

11

May 2012
Estimate

Summary

38,800
Number of passengers

-0.1%
-0.5%

+5.2%

Non-operating income+102(Reversal of allowance for doubtful accounts +137)-354
34.0 Non-operating expenses(Provision of allowance for doubtful accounts -128,
Bond issuance cost -116)
Extraordinary income-907(Contribution for construction -622, Gain on salesof investment securities -250)
31.9 Extraordinary loss
-693
(Reduction entry of land contribution for
construction -565)

7,040

5,870

3,860

FY2013 Forecasts

Forecast of Consolidated Business Results (1)(Millions of yen)

FY2012
Results

FY2013
Forecast

Operating revenue

265,629

273,600

7,970

Operating income

18,16020,700Ordinary income

13,580Net income

Change(%)

Main factors of changes

May 2012
Estimate

3.0

Transportation -358, Real estate +10,857,
Retail -3,037, Leisure and service +868

268,900

2,539

14.0

Transportation -340, Real estate +2,813

17,60015,500

1,919

14.1

Non-operating income -460, Non-operating
expenses +160

12,200

7,005

9,400

2,394

34.2

Extraordinary income -1,037, Extraordinary
loss -2,722

7,400

Capital expenditure

32,487

29,190-3,297-10.1

24,800Depreciation

18,10917,100-1,009-5.6

EBITDA

36,26937,8001,530

4.2[Breakdown of capital expenditure]
Transportation
12,400 (+3,079)
Real estate
13,800 (-7,583)
Retail
1,100 (+177)
Leisure and service
1,700 (+865)
Corporate, etc.
190 (+165)

Interest-bearing
debt

335,864

335,434-430-0.1 <<Main capital expenditure for FY2013>>-0.4(Transportation)
Investment on our railway(Real estate)
Investment on our real estate

Interest-bearing debt /EBITDA multiple(Times)9.3

8.9

Change13－

17,30034,900343,300

7,592

13,7009.8

Forecast of Consolidated Business Results (2)<< By segment >>(Millions of yen)

Operating revenue
Transportation

FY2012
Results

FY2013
Forecast

ChangeChange(%)

265,62991,858273,600
91,500

7,970
-358

3.0
-0.4

May 2012
Estimate

Main factors of changes

Railway operation-398

268,900
92,300Real estate

61,44272,30010,857

17.7

Real estate sales
Real estate leasing service
Real estate management
Elimination

Retail

97,637

94,600-3,037-3.1

Store
Shopping mall management-1,604-560

95,900

Leisure and service

24,93125,800

868

3.5

Hotel

+932

25,500

Others

1,327

1,500

172

13.0

1,500

Elimination-11,566-12,100-533－-12,000

Operating income

18,16020,700

2,539

14.0

17,600Transportation

5,740

5,400

-340

-5.9

Real estate

10,186

13,000

2,813

27.6

Retail

1,919

1,600

-319

Leisure and service

413

700

Others-207

Elimination

109

Railway operation+9,903+1,098+2,143-2,34065,700

-178

5,600

-16.7

Real estate sales
Real estate leasing serviceStore
Shopping mall management+1,743
+713
-158
-118

286

69.5

Hotel

+337

0

207

－

0

0

-109

－

300

14

9,800
1,400
500

Forecast of Non-Consolidated Business Results(Millions of yen)

FY2012
Results

Operating revenue

FY2013
Forecast

ChangeChange (%)

78,80985,7006,890

8.7

Railway operation

52,821

52,330-491-0.9

Subsidiary business

25,98733,370

7,382

28.4

12,847

14,1001,252

9.7

Railway operation

5,773

5,400

-373

-6.5

Subsidiary business

7,073

8,700

1,626

23.0

9,237

10,300

1,062

4,469

6,600

2,130

Operating income

Ordinary income
Net income

Main factors of changes

Number of passengers
Passenger transportation revenue

-0.7%
-0.8%

11.5

Non-operating income
Non-operating expenses

-10
+180

47.7

Extraordinary income
Extraordinary loss

-1,101-2,374<< Forecast of operating results for transportation (Keihan Electric Railway) >>Number of passengers(Thousands of people)
FY2012
Results

FY2013
Forecast

ChangePassenger transportation revenue(Millions of yen)
Change (%)

FY2012
Results

FY2013
Forecast

ChangeChange (%)

Non-commuter passes

144,826

143,844

-982

-0.7

33,75733,506-251-0.7Commuter passes

134,568

133,655

-913

-0.7

15,79815,654-144-0.9

279,394

277,499-1,895-0.7

49,55549,160

-395

-0.8

Total

15

TOPICS

Progress of FY2013 Initiatives

Keihan Group’s Medium-term Management Plan
(FY2013-2015)

Basic Policy

Building the foundations for a strong Keihan for the next 100 years
Corporate Strategy
Revitalize areas along the
Keihan Railway lines

Strengthen the operating structure throughextensive efficiency gains◆ Operating divisions◆ Push ahead with site development

Create an efficient operating system through a radical reviewof the business structure

・Push ahead with the creation of highly livable areas bydeveloping strategic sites such as the KUZUHA MALL secondstage development plan in order to ensure areas along our lines
continue to be chosen by the public well into the future・Overhaul business approaches
・Restructure and integrate businesses in the Group・Exit unprofitable businesses or businesses with limited potential◆ Implement our Kyoto strategy
・Establish a position as the leading company in Kyoto
・Customers always associate Keihan with Kyoto◆ Administrative divisions◆ Promote new businesses to develop areas alongrail lines

Achieve extensive efficiency gains through cost control
・Create a lean head office at Keihan Electric Railway by
reducing the size of administrative divisions
・Reduce costs in administrative divisions at Group companies

・Promote lifecycle support businesses

17Revitalize areas along the Keihan Railway lines<Kyoto and Otsu area>[Implement our Kyoto strategy]◆ Strengthen transportation network
Non-stop RAKU RAKU Keihan express service
Upgrade bus routes serving Kyoto Aquarium and sold special tickets
for the routes◆ Enhance the value of Keihan Group facilities
Refurbish hotels, open new restaurants and implement other initiatives◆ Revitalize areas along rail lines through a focus on local
communities
Hold events to mark the 100th anniversary of the opening of the
Otsu line
Hold events and operate trains with special designs that highlightareas along rail lines

18

Revitalize areas along the Keihan Railway lines<Hirakata and Kuzuha area>[Push ahead with site development]◆ Redevelop areas around Kuzuha Station
KUZUHA MALL second-stage development plan
Upgrading the Keihan Kuzuha Station building
Construction of the south wing of the Keihan Kuzuha Stationbuilding completed◆ Revitalize areas along rail lines by strengthening links with local
communities
Comprehensive partnership signed with Hirakata city
Keihan, Hirakata city and Katano city joined together to hold Star Festival
Events held to mark the 100th anniversary of the opening of Hirakata Park・ Autumn in Hirakata; Kiku Ningyo Festival; The Men Who Changed History:
Taira no Kiyomori and Minamoto no Yoritomo
・ Upgraded appearance of Hirakata-koen Station

19

Revitalize areas along the Keihan Railway lines<Nakanoshima and Kyobashi area>[Revitalize areas along our lines ]<Redevelopment plans for the Nakanoshima area>
Nov 2012: Nakanoshima Festival Tower(37 aboveground floors, 3 underground floors, 2 penthouse floors)Feb 2013:

Festival Plaza retail facility opened in the tower
Daibiru-Honkan Building(22 aboveground floors, 2 underground floors)Apr 2013: Festival Hall scheduled to open
Mar 2015: New Shin Daibiru Building (provisional name)(31 aboveground floors, 2 underground floors)

Around 2018: Nakanoshima Festival Tower, second tower (West section)＜Events in Nakanoshima area＞
Nakanoshima West Winter Story 2012 (Nov 28–Dec 25, 2012)OSAKA Hikari-Renaissance 2012 (Dec 14–Dec 25, 2012)＜Kyobashi area＞
Refurbishment of Hotel Keihan Kyobashi
Raibuza Kyobashi Theater opened in KiKi Kyobashi
20Business Strategy － Transportation－
Ensure safety and peace of mind
◆ Complete installation of wireless train protection device on all trains of
Keihan lines
Installation is scheduled for completion during November on all trains earmarked
for the device◆ Complete installation of platform warning devices
Installation is scheduled for completion during November at all stations that are requiredby the authorities to have the device◆ Roll out new ATS technology

Platform warning devices

Introduce the new equipment with a target completion date of FY2017 for all Keihan lines.
Implement initiatives to further improve safety

Improve the efficiency of the transport operating system◆ Introduce additional station support systems
Install remote station monitoring systems in an additional 16 Keihan stations
Reduce staff members while maintaining station service levels◆ Enhance operating efficiency
Consider wider use of driver-only trains, overhaul the train inspection system andline maintenance operations to boost operating efficiency
21

Additional station support systems

Business Strategy － Transportation－
Develop services tailored to the needs of customers◆ Sales of Keihan / Kintetsu ICOCA commuter passes set to start
Kintetsu–Keihan and Kintetsu–JR West–Keihan commuter passes are due togo on sale from December 1; will improve passenger convenience and promote
an increase in the IC ratio◆ Extend public wireless LAN services to all stations of Keihan lines
Aim at enhancing convenience for passengers that use smartphones, PCs andother compatible devices

Interior of refurbished express service carriages◆ Complete the refurbishment of carriages used on express service
routesComplete refurbishment of all express service carriages: includes upgradinginteriors, creating wheelchair spaces and installing LCD information displays;
will improve service levels by creating barrier-free environments andincreasing information available to passengers◆ Introduce a bus location system
Introduce a trial system that allows passengers to use their smartphones or PCs
to view bus information, such as estimated arrival time at bus stop, estimatedarrival time at destination, and current bus location.
Trial routes: “Direct Express Choku Q Kyoto” bus services (high-speed link to
JR Kyoto Station) on Kyoto–Matsui-Yamate, Kyoto–Katano and Kyotanabe–
Namba routes
22

Bus location system

Business Strategy － Real Estate－Continue to focus on short-term turnover business◆ New property sales[Fine Quarter City]
Location: 1-9-6 Oyodo Kita, Kita ward, Osaka city, Osaka
Building scale : 20 aboveground floors, 377 units
Completion: Early March 2014 (planned)[The Kourien Residence]
Location: 8-1 Kouri Hondori-cho, Neyagawa city, Osaka
8-1 Kourien-cho, Hirakata city, Osaka
Building scale : 24 aboveground floors, 1 undergroundfloor, 151 units
Completion: February 2014 (planned)

Image of Fine Quarter City

Image of The Kourien Residence

Initiatives to enhance profitability◆ Strategically replace portfolio assets and invest in real estate funds◆ Expand the condominium management and property management businesses

23

Business Strategy － Retail－
Steadily Implement the KUZUHA MALL second-stage development plan
Based on the development concept “Towards Kuzuha we can be proud of ,” we will develop
KUZUHA MALL into one of the best regional shopping centers in Japan in terms of size and quality
by increasing the number of high-quality fashion, interior and general goods stores, and by offering
greater entertainment and home living content, which is currently lacking.
◆ KUZUHA MALL second-stage development plan initiatives
・ Boost shopping center value by attracting tenants with retail formats that have been lacking so far
・ Increase the number of stores from around 170 to roughly 230
・ Refurbish sales areas and reinforce product lineups at the Keihan department store in KUZUHA MALL
・ Refurbish existing stores, including those in the station building, as part of the redevelopment plan

<Renovation project overview>•July 2012 KUZUHA MALL start floor expansion work
*West Wing to close end-June*Kids Wing and Kuzuha Court to close, and south car park to close
end-August•Spring 2014 KUZUHA MALL open after floor expansion work
○Facility overview
Sales area
approx. 72,000m2 (before expansion approx. 50,000m2)
Car parking approx. 3,000 cars (before expansion approx. 2,000 cars)

Image of mall after renovation

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Business Strategy － Retail－Initiatives to enhance profitability◆ Newly opened attractions
Raibuza Kyobashi Theater opened in KiKi
Kyobashi to stage live performances of popular
drama (November 3)
One of Japan’s largest popular drama theaters (460 seats)
Theater opened to revitalize the facility and the surrounding
Kyobashi area

◆ Newly opened stores
Kiki Kyobashi[Juicer Bar]・ Shinkansen Shin-Osaka Store (August 8)
・ AUGA Aomori Store (September 8)・ Shapo Ichikawa Store (October 23)[SWEETS BOX]・ Shapo Ichikawa Store (October 23)
・ Shin-Akitsu Store (November 1)=>First store in Kanto area

Juicer Bar Shinkansen Shin-Osaka Store◆ Target new orders in the property management business
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Raibuza Kyobashi Theater

Shapo Ichikawa Store

Business Strategy － Leisure and Service －Strengthen sales and marketing in the hotel business and leverage synergies◆ Use hotel refurbishments to attract more customers[Kyoto Century Hotel]
・ Bridal salon (April 1), 3 restaurants (August 11)[Hotel Keihan Kyobashi]
・ Restaurant (October 10), some hotel rooms (October 30)
Currently carrying out the first full refurbishment of the hotel
since it opened[Kyoto Tower Hotel]
・ New restaurant (scheduled to open in December)

Kyoto Century Hotel
All-day dining restaurant La Jyho

◆ Enhance cooperation between the 13 hotels in the Keihan
Group・ Currently expanding the shared online booking system andonline membership system
・ All 13 hotels in the chain now use the integrated procurement
center・ Implementing shared marketing campaigns targeting inbound,
MICE and group visitors
Hotel Keihan Kyobashi

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