Hankyu Hanshin HoldingsGroup Guide 2015

Hankyu Hanshin Holdings, Inc.
http://www.hankyu-hanshin.co.jp/

Printed in Japan

“Serenity and Well-being” and“Inspiration and Dreams”

The Hankyu Hanshin Holdings Group came into being in October 2006
through the management integration of Hankyu Holdings, Inc. and Hanshin Electric Railway Co., Ltd.
Centred on the Kansai district of Japan, we operate six core businesses: Urban Transportation,
Real Estate, Entertainment and Communications, Travel, International Transportation, and Hotels.
Along with connecting Osaka, Kobe, and Kyoto—the centre of Kansai’s economy—by railway,
we offer more fulfilling lifestyles and contribute to community-building in areas served by our lines
in a wide range of fields, such as the management of commercial facilities and office buildings,
the Hanshin Tigers professional baseball team, the Takarazuka Revue, and travel and hotels.
We will continue to be committed to enriching people’s lifestyles for generations to come andfulfilling our mission of delivering “serenity and well-being” and “inspiration and dreams”.

Management Philosophy of the Hankyu Hanshin Holdings Group

Mission:What we are trying to achieve
Serenity and well-being, inspiration and dreams —by delivering these to our customers,
we will create satisfaction and make a positive contribution to society.

Values:What is important to us• Customers Come First

Everything we do is for the customer. That’s where it all starts.

• Integrity

Build trust by always acting with integrity.

• Foresight & Creativity

With our progressive spirit and flexible thinking, we can create a new sense of value.

• Respect for People

Each of our employees is an invaluable resource.

I would like to extend my appreciation to all our
stakeholders for their continued understanding andcooperation.
We operate six core businesses: Urban Transportation,
Real Estate, Entertainment and Communications, Travel,
International Transportation, and Hotels. These businesses
are operated mainly by five core companies—Hankyu
Corporation, Hanshin Electric Railway Co., Ltd., Hankyu
Travel International Co., Ltd., Hankyu Hanshin Express Co.,
Ltd., and Hankyu Hanshin Hotels Co., Ltd.—under theleadership of Hankyu Hanshin Holdings(the “Company”), which manages the Group.
Under our Medium-Term Management Plan, we have beenworking to strengthen the competitiveness of our corebusinesses while improving our financial standing, and havemade good progress on these goals. As such, we are now
moving on to the next business stage, making a full-scale
effort to build our platform for growth, including

investments for the future, based on the two strategic pillarsof “enhance value along rail lines including the Umeda area”
and “develop new markets for medium- to long-term
growth.”The Hankyu Hanshin Group has developed in step with local
communities for over 100 years. We will continue to play ourpart in local society, creating towns and cities along ourrailway lines that “people will truly want to live in,” bypromoting the Hankyu Hanshin Dreams and Communitiesof the Future Project and environmental preservation
activities.
We will continue to work together as a group to attainfurther growth and even greater achievements, as well as tobecome a group that fulfills our mission of delivering“Serenity and well-being” and “inspiration and dreams” to ourcustomers. In doing so, we will create satisfaction and makea positive contribution to society. We hope you willcontinue to support us in our endeavours.
August 2015

Business Scheme
Our Group Business Segments(Core Business Segments)
Positioning the six business domains––Urban Transportation, Real Estate, Entertainment andCommunications, Travel, International Transportation, and Hotels––as core businesses,
we aim to foster organic growth across the entire Group. Under the direction of the Company,
which supervises the Group’s management, these businesses are operated by fivecore companies: Hankyu Corporation, Hanshin Electric Railway, Hankyu Travel International,
Hankyu Hanshin Express, and Hankyu Hanshin Hotels.
Core business segments
Hankyu Hanshin Holdings

Kazuo Sumi
President and Representative Director

Urban
Transportation

Entertainment andCommunications

Real Estate

TravelInternational
Transportation

HotelsHankyu Travel
International

Hankyu Hanshin
Express

Hankyu Hanshin
HotelsHankyu Corporation

Hanshin Electric Railway

Top Message
About the Hankyu Hanshin Toho GroupMoving to a New BusinessStage,
Building a Platform to

The Hankyu Hanshin Toho Group is a corporate group consisting of the Hankyu Hanshin
Holdings Group, the H2O Retailing Group, and the Toho Group. H2O Retailing conducts retailbusiness, and is mainly involved in the department store business. The Toho Group develops
its businesses centring on movie production and distribution. The Hankyu Hanshin Toho
Group has about 200 group companies with approximately 33,000 employees, and annual
sales of around ¥1.74 trillion for the entire group.

Support Future Growth
Hankyu Hanshin
Holdings Group

This is a group centred on Toho. The
real estate business, which includes
the Yurakucho Marion and Hibiya
Chanter buildings, provides
consistent support to the movie
production, distribution andpromotion, and theatrical production
and promotion business. The Toho
Group provides entertainment to awide range of customers, and iscommitted to the production andsales of DVD software and the
expansion of its network of cinema
complexes.

3 Group Guide 2015

Hankyu Hanshin
Toho Group

Toho GroupH2O RetailingGroup

Under H2O Retailing Corporation,
the H2O Retailing Group is
involved in the retailing business,
including the department store
business, centred on the Hankyu
Department Store and Hanshin
Department Store, thesupermarket business, the parcel
delivery business, and shopping
centre management.

4General Condition

Corporate Governance

Outline of Hankyu Hanshin Holdings, Inc.

Our Corporate Governance System

Hankyu Hanshin Holdings, Inc. (the “Company”) is a pure holding company, and conducting operations is basically the
responsibility of Group member companies. The Company’s principal role is supervision and oversight of the wholeGroup—meaning that these functions are separate from those of conducting operations of Group businesses.
Under this structure, the Company:

Name of Company:

Hankyu Hanshin Holdings, Inc.

Established:

October 19, 1907

Registered Head Office:1-1 Sakaemachi, Ikeda-shi, Osaka 563-0056, Japan

Head Office:1-16-1, Shibata, Kita-ku, Osaka 530-0012, JapanTokyo Office:Toho Twin Tower Bldg., 5F, 1-5-2 Yurakucho, Chiyoda-ku, Tokyo 100-0006, Japan(Personnel and General Affairs Div.)

Paid-in Capital:

99,474 million yen (As of 31st March, 2015)● Makes decisions regarding Group management policy and strategy;● Approves the medium-term and annual management plans of all core businesses;● Requests reports on progress in management plans from time to time from the “operating companies”(that is, those that actually run the businesses); and● Grants approval in cases where a Group company takes actions that significantly affect Group management(for example, when investments rise above a certain threshold).
In this way, the Company aims to improve its supervision and oversight of all Group companies, and raise overall
Group governance standards. In further governance measures, our Board of Directors, which includes external
directors, receives reports with regard to the above matters, and approves management decisions.
The Company has set up a Group Management Committee including representatives of core businesses of the Groupto undertake preliminary reviews. Corporate auditors also attend the meetings, ensuring the Company’s auditing
environment is maintained. In addition to these initiatives, and as part of our efforts to strengthen the Group’s overallcapabilities, the Group is also strengthening governance with regard to fund procurement. Measures include
centralising funding under the Company, and ensuring that necessary funds are distributed to the operatingcompanies within specific parameters laid down in their business plans approved by the Company.

Revenues from operations and operating income as of March 2015
International
Transportation
3.2％

Other
4.2％

Urban
Transportation
33.3％

Entertainment
and Communications
15.9％

Revenues fromOperations

Operating
Income685.9Entertainment
and Communications
15.3％

General Meeting of Shareholders
Appointment/
Dismissal of Directors

Appointment/
Dismissal of Corporate Auditors

Urban
Transportation
41.0％

Call/Report on
execution situation

Audit

Standing Audit &Supervisory Board
Members: 2

Selection/Dismissal/
Supervision

External Audit &Supervisory Board
Members: 3

ReportCooperation

Accounting
Auditors(CPAs)

Staff of Audit &Supervisory Board Members

ReportCooperation

94.0

billion yen

Part-time: 8(including 2 External
Directors)

Full-time: 5

Appointment/
Dismissal

Audit & Supervisory Board

Board of Directors

International
Transportation
5.7％
Travel
4.7％

Hotels
1.3％
Other
1.1％

Travel1.3％

Hotels9.1％

Corporate Governance System

President

billion yen

ReportGroup Auditing
Division

Call

Real Estate
27.7％

Real Estate
39.5％

Group Management
Committee

Participate(as observer)

Audit

Participate

Group Companies
Directors (representative of each core business)*Ratio of revenues from operations of each segment is based on sales to outside customers. Additional adjustments are made.

5 Group Guide 2015

6

Rail

Urban
Transportation

7 Group Guide 2015

Transportation Advertising

Retailing

Buses and Taxis

Safety, peace of mind, and comfort
Providing transportation to support society with railway system infrastructure

Providing suburban
transportation service byconnecting with trains

Developing a wide range of retailshops focusing on the train stationinterior

Utilising the power of transit
advertising media

To support society, we provide safety, peace of mind, andcomfortable transportation services through a large network centred
on two companies—Hankyu Corporation, connecting from the heartof Osaka-Umeda to Kobe, Takarazuka, and Kyoto; and Hanshin Electric
Railway, the only privately owned railway company connecting thetwo major points of Osaka City. Recently, we have been working to
attract customers to areas along railway lines by setting up tourism
information centres capable of assistance in Japanese, English,
Mandarin and Korean, and launching passenger tickets for travellers
from overseas, among other efforts. At the same time, we have beenworking to save energy through such measures as introducing new
railway carriages with dramatically improved environmental
performance.

We will work to deepen the ties between
suburban transportation services andrailways. Hankyu Bus, Hanshin Bus, andHankyu Denen Bus have introduced our own
IC passenger card, ‘hanica’, and all Hankyu Taxiand Hanshin Taxi cabs accept all credit cards
as well as PiTaPa and iD electronic money inresponse to diversifying payment needs.
Moreover, we are promoting eco-driving
techniques out of concern for theenvironment, and working to expand ourtraffic networks along railway lines, including
through the operation of bicycle parking lots.

Focusing mainly on train station interiors of
train stations on the Hankyu and Hanshinlines, we manage retail stores, such as theconvenience store chain ‘asnas’ andcosmetics and clothing store ‘COLOR FIELD’.
In addition to the wholesale and distributionof delicatessen food business, we are also
expanding ‘Cook Deli Gozen’ shops, furnitureand interior goods shop ‘DOUBLEDAY’, freshjuice stand ‘juice deli mameca’, and women’s
fashion boutique ‘and’ or’ in shopping centresin the areas along the railway lines and theTokyo metropolitan area.

Transit advertising coverage is different
from that of TV and newspaper. Leveraging
this characteristic, we provide space value
with billboards on trains, in terminals,
concourses, and digital signage. We are
strategically putting transit advertising into
practise.

Hankyu Tourist Center, OSAKA-UMEDA

Kyoto

Connecting railways,
buses, and taxis to provide
various transportation services
Centred on the railway services of Hankyu Corporation and Hanshin
Electric Railway, we provide various transportation services across awide network linking railways, buses, and taxis.
The Retail Business Division and Transportation Advertising Division
are maximising the use of space inside train stations and for new value
creation along railway lines.

Takarazuka
Kobe

Umeda
Osaka Namba

Nara

8

1977

Real Estate Development

We have been steadily promoting large-scale developmentthat brings life to the city.

Hankyu Grand Building

1929

The Company celebrated the grand opening of its
newly refurbished Umeda Hankyu Building / Hankyu
Umeda Flagship Store in 2012, and began operations
at GRAND FRONT OSAKA in 2013. To bring evenmore life to the city, we have begun work on the
Umeda 1-1 Project. This project focuses on the
refurbishment of the Dai Hanshin and Shin Hankyu
buildings, with work expected to be completed
sometime around spring 2022. Moreover, we are also
making efforts to develop projects in the Tokyo
metropolitan area, such as participating in the
Yotsuya Station Front Area Type 1 Urban Redevelopment Project.

1998

Umeda Hankyu Building
Phase IHEP FIVE

Since our founding, we havepassed down urban
development as part of ourDNA, and we will continue todevelop attractive cities.

Real Estate

Focusing on building attractive communities and cities byrailway lines, the Real Estate Business has shared its growthwith the Urban Transportation Business.
We develop commercial facilities that create a vibrantcommunity, as well as office building development, leasing,and management administration. We also provide quality life
residences that match each person’s lifestyle.
Furthermore, our know-how built from experience is utilised
and applied to the real estate financing business. As theinheritors of urban development DNA, we are turning future
designs into reality.

2012

2013

Real Estate LeasingNEXT
Umeda 1-1 Project

The Group owns a number of properties(commercial facilities and office buildings), mainly
in Osaka-Umeda—the centre of the Kansai
economy—and the areas along the railway lines,
and contributes to the creation of lively cities
through property leasing and management.
We have various commercial facilities and office buildings in
Osaka-Umeda along with the areas served by our Hankyu andHanshin railway lines, including Umeda Hankyu Building, GRANDFRONT OSAKA, Hankyu Sanban Gai Shopping Centre, HEP FIVE,HERBIS Osaka/HERBIS ENT, Shin-Osaka Hankyu Building, andHankyu Nishinomiya Gardens. We own a total of over 1.7 million
square meters of leasing property (as of 31st March, 2015).
Through the utilisation of these properties, we will contribute toraising the communities’ appeal.

HERBIS ENT

Hankyu Nishinomiya Gardens

Real Estate Sales

With our focus on GEO brand condominiums for high quality and good tasteand HAPIA brand housing for beautiful streets and quality lifestyles, we areproposing “dreams come true” living spaces for customers.
GEO GYOEN NAITOMACHIGRAND FRONT OSAKA

Umeda Hankyu Building

GEO brand condominiums are designed with quality
from the customer’s point of view and are built inneighbourhoods that people will grow only more
attached to over the years. HAPIA brand housing isdesigned with a view to creating comfortable homes
while taking into account changing lifestyles. By
aggressively developing these businesses not only in
Kyoto, Osaka, and Kobe but also in Tokyo, we are able tooffer “dreams come true” homes for customers.
We also took our first steps toward full-scale overseas
expansion, including participating in condominium
projects in Ho Chi Minh City, Vietnam.
An image of the completed condominium projectin Ho Chi Minh City

HAPIA Garden Kamikitazawa Yukyu Teien

9 Group Guide 201510

Producing inspiration anddreams for people
We provide ‘inspiration’ and ‘dreams’ to enrich people’s
lives, centred on Hanshin Tigers, a professional
baseball team with passionate fans throughout Japan,
and the Takarazuka Revue with its historical legacy, as
well as with music, advertising, and publishing
services.

Entertainment
andCommunications

11 Group Guide 2015

Hanshin Tigers

Takarazuka Revue

Communications and Media

Mount Rokko

Many exciting sporting moments have been witnessed at the venerable
Hanshin Koshien Stadium, the Tigers’ home field

Takarazuka Revue stage
performances deliver inspirationand dreams

Supporting comfort andconvenience in daily life andbusiness

The Group’s most prominent
tourism resource, Mount Rokko

The Hanshin Tigers are a professional
baseball team with a passionate fan basespread throughout Japan. The Tigers also
share their home field, Hanshin Koshien
Stadium, which is popular among baseballfans, with the national high school baseball
tournament in spring and fall. The venerable
Hanshin Koshien Stadium, along with the
Tigers’ exciting play, continues to contributeto the growth of Japanese baseball.

The Takarazuka Revue is one of the mostunique theatrical companies in the world,
consisting of only actresses, and attracts
audiences with ‘inspiration’ and ‘dreams’. In
addition to year-round performances at the
Takarazuka Grand Theatre, as well as
performances in regions across Japan, therevue has toured 25 times in 18 countries,
receiving high acclaim. Their performances
can also be seen on the Takarazuka Theatre
Channel, the Takarazuka Sky Stage, as wellas online.

The broadcasting and communications
business, such as cable TV, provides TV,
Internet, and telecommunications services
to meet a wide range of customer needs.
The information services business provides
e-commerce, website production, railway
and building-related system development,
as well as construction of LAN infrastructure
for group facilities. We provide optimal
solutions in various areas of daily life andbusiness.

Known as one of Japan’s best nightview
spots, Mount Rokko is the Group’s mostprominent tourism resource. It offers
several leisure facilities including ski
courses, an alpine botanical garden, and amusic box museum. The Rokko-Shidare
Observatory has also drawn attention for its
advanced artistic character, and theexhibition event platform Rokko Meets Art,
which combines the nature and scenery of
Mount Rokko with modern art, has also
received critical acclaim.

12Domestic and Overseas Travel

We propose “memorable journeys” to customers
with five brands to meet a diverse array of needs.

By creating travel itineraries thatreflect customers’ desires, we areaiming to become a household namefor travel.

TravelSince our establishment in 1948, we have constantly emphasised“the customer’s viewpoint” and worked to respond to diversifying
needs. Through the expertise we have cultivated over the years, weoffer a wide range of services from package tours to tailor-made andcorporate group itineraries, as well as business travel services andtours to Japan. We strive to deliver a relaxed and safe travel
experience that touches customers’ hearts, while focusing on quality.

The five brands we market are “Trapics,” package tours withextensive plans at reasonable prices; “Crystal Heart” and “Hanshin
Koku Friend Tour,” a collection of tour packages offering a relaxedschedule; “e-very,” a “plant-it-yourself” package; and “Royal Collection,”a luxury custom-made travel package. These tours are marketed
through newspaper advertising, TV commercials, magazines,
websites, and other types of media.

Business Travel

We provide full services for every aspect of business travel,
building on our track records and expertise.
As an International Air Transport Association (IATA) agent, we use ouraccumulated expertise to respond with reliable services, including
reservations and ticketing for all of the world’s airlines, visa applications forevery country, hotel reservations after arrival at destination, and arranging
interpreters. Leveraging our domestic and international network, we
promise customers a relaxed and comfortable trip using our detailed
support systems, including international travel support and a 24-houroverseas Japanese-language help desk.

阪神トラベル・インターナショナル

Visiting Japan

We offer tours of Japan with exceptional
attention to detail.
To meet the rapid surge in inbound tourism
demand, we are coordinating with our overseas
offices in Singapore and Europe, among others,
and offering our meticulous services to provide
satisfaction to Japan tour customers from allover the world.

13 Group Guide 201514

International
Transportation

Providing customers with
optimal logistics andhigh-quality global services
By leveraging expertise and know-how accumulated
over 50 years as a pioneer of internationaltransportation services, we provide logistics to support
customers with optimal supply chain management.

International Air Freight

International Sea Freight

Logistics

Customs Clearance

As Japan’s first IATA-approved cargo agency,
providing reliable international transportation services

Door-to-door import / export
services by marine transportation

Proposing and achieving optimallogistics solutions

Appropriate and speedy custom
clearance

In 1948, Hankyu Corporation entered the international air cargobusiness as Japan’s very first IATA agency. With integrated services
covering the entire logistics process from start to finish, we havebuilt up a solid brand. We have over 100 bases in 26 countries andregions, providing rapid and safe international transportation
services all over the world, including agents.

As a Non-Vessel Owning Common Carrier(NVOCC), we provide international marinetransportation utilising a global network.
We handle general container transport(LCL and FCL) as well as special containertransport, conventional vessel transport,
and import / export customer clearance
and logistics consulting to provide
door-to-door service that meets customers’
needs.

Highly knowledgeable logistic consulting
experts propose optimal logistics solutions
using advanced IT. By comprehensively
taking advantage of all our logistics, fromstorage and management to distribution
processing and delivery, we are able toprovide speedy and high-quality services inJapan and overseas. In 2009, we werecertified as an Authorised Warehouse
Operator under the AEO* programme.

We declare the quantity and contents of cargo
to customs on behalf of the customer andobtain approval. We also possess a thoroughunderstanding of the customs clearance
essential to the import / export of cargo. Our
customs clearance services are appropriate andspeedy because we have business licences at 14
locations from six customs houses nationwide.
We are a professional group consisting of only
qualified customs officers that operates properly
and speedily based on compliance.

*An exempt regulation that allows simplified customs clearance and process,applicable to those companies which meet a standard of cargo security management and compliance.

15 Group Guide 201516

“remm” Hotel

The Ritz-Carlton, Osaka

Providing comprehensive support
as a hotel chain operator

Guaranteed good night’s sleep,“remm”The Hankyu-Hanshin-Daiichi Hotel Group
has accumulated considerable experienceand expertise in hotel management over its
many years of operation. This know-how
can readily be applied to the branding of
newly established hotels and to therebranding of existing hotels. As a hotel
chain operator, we are expanding our hotel
network and strengthening our marketing
capabilities, building on the customer
reference system from our sales offices andthe support provided by our head office.

In 2007, we started our new “remm” brandhotel, which prioritises a good night’s sleep
over all else. Based on the concept ofcustomers having a “private bedroom”
rather than a “guest room,” the rooms aredesigned to create an environment inwhich the customer can enjoy quality sleep,from check-in to checkout. We currently
have four hotels under this brand, locatedin Hibiya, Akihabara, Shin-Osaka, andKagoshima. In 2017, we plan to open remm
Roppongi, the largest hotel in the brandwith about 400 guest rooms, in Roppongi,
Tokyo.

“Home away from home”—relaxing ambience andheartwarming hospitality towelcome guests

Hotel Brand

Besides the Hankyu-Hanshin-Daiichi HotelGroup, we manage The Ritz-Carlton Osaka
in alliance with the international luxury
hotel chain, which has been highly
acclaimed since its opening.

Hankyu-Hanshin-Daiichi Hotel Group: listed hotels

Japan’s leading
hotel chain operator
HotelsWe operate the Hankyu-Hanshin-Daiichi Hotel Group,
which is one of Japan’s leading hotel chains with 49 hotels
and over 10,000 guest rooms.
From comfortable hotels designed for a better night’s sleep
to luxurious hotels for enjoying the extraordinary, we offer
the best in hospitality tailored to our customers’ needs.

Chugoku area(chain 3)

Chubu/
Hokuriku area(chain 4)

Tohoku area(chain 5)-chain hotel: 3--chain hotel: 4--chain hotel: 5-

Maniwa Riverside Hotel (Okayama)
Kure Hankyu Hotel (Hiroshima)
Tokyo Dai-ichi Hotel Shimonoseki

Toyama Dai-ichi Hotel
Dai-ichi Inn Shinminato
Hotel Concorde Hamamatsu
Tokyo Dai-ichi Hotel Nishiki (Nagoya)Tokyo Dai-ichi Inn Hachinohe
Tokyo Dai-ichi Inn Hachinohe Annex
Montana Resort (Iwanuma, Miyagi)
Tokyo Dai-ichi Hotel Tsuruoka
Tokyo Dai-ichi Hotel Yonezawa

Kinki area
(direct
operation 10/
chain 6)

Kanto area
(direct
operation 6/
chain 5)-chain hotel: 6--direct operation: 10--direct operation: 6-

Takamatsu Kokusai Hotel
JR Hotel Clement Takamatsu
Hotel Clement Tokushima
The Crown Palais New Hankyu Kochi
Tokyo Dai-ichi Hotel Matsuyama
Imabari Kokusai Hotel

Hotel new Hankyu Kyoto
remm Shin-Osaka
Hotel Hankyu International
Hotel new Hankyu Osaka
Hotel new Hankyu Annex
Hotel Hanshin
Senri Hankyu Hotel
Hotel Hankyu Expo Park
Takarazuka Hotel
Rokkosan Hotel

Dai-ichi Hotel Tokyo
Dai-ichi Hotel Annexremm Hibiya
remm Akihabara
Dai-ichi Hotel Tokyo Seafort
Kichijoji Dai-ichi Hotel

Shikoku area(chain 6)

Kyushu/Okinawa Area
(direct
operation 1/
chain 3)
-direct operation: 1remm Kagoshima-chain hotel: 6Hotel Boston Plaza Kusatsu(Biwako Lake)
Hotel Royal Hill Fukuchiyama & Spa
Amano Hashidate Hotel
Osaka Dai-ichi Hotel
Umeda OS Hotel
Arima View Hotel Urara-chain hotel: 5Ginza Creston
Ours Inn Hankyu
Dai-ichi Hotel Ryogoku
Dai-ichi Inn Ikebukuro
Dai-ichi Inn Shonan (Fujisawa)-chain hotel: 3-

17 Group Guide 2015

Takakura Hotel Fukuoka
Tokyo Dai-ichi Hotel Okinawa Grand Mer Resort
Tokyo Dai-ichi Hotel Naha City Resort

18

Corporate Social Responsibility––Social Contribution and Environmental Preservation Activities

SocialContribution
Activities

Basic Policy

Moving forward with our customers over the next century
Promoting the Hankyu Hanshin Dreams and Communities of the
Future Project
For over 100 years, the Hankyu Hanshin Holdings Group has grown withthe local community, primarily in areas along its railway lines, and built up
relations of mutual trust. To ensure that the Group will continue to exist
and prosper over the next century as a member of the local community, in
April 2009 we launched the Hankyu Hanshin Dreams and Communities of
the Future Project as a community contribution initiative.

Environment-friendly development

Human capital development

We are creating opportunities for the healthy
development of ambitious children, upon
whose shoulders the task of building thecommunities of the future rests.

Priority
Areas

Improving local communities andliving environments for our children
The Group has compiled environmental basic concepts and policies andpursues environmental preservation activities. Earlier measures to saveenergy in light of the need to curb global warming have been stepped up
since the Great East Japan Earthquake, as strengthened measures toconserve electricity have become a pressing public need.

Basic Concept

We intend to promote the creation of towns and cities along our railway linesthat people will truly want to live in.
As a Group with strong local roots, we are committed tosustainable community building with environmentfriendly developments that provide local residents withsecurity, peace of mind, and cultural enrichment.

Environment
Preservation
Activities

Mindful that global environmental preservation is a task facing all mankind,
the Hankyu Hanshin Holdings Group works for a sustainable society through environmental
activities aimed at handing down a sounder global and human environment
to the next generation.

Social Contribution Activities of Each Group Company–– In fiscal 2014, 89 activities were undertaken

Hankyu Hanshin Dreams and Communities of the
Future Fund for the Support of Citizens’ Activities

Curb Global Warming and Save Energy

Reducing Waste and Encouraging Resource Recycling

Holding the Million Person Candle Night in Osaka City
(Hanshin Electric Railway, Hankyu Corporation)

This grant programme is exclusively for citizens’ groups located along
Hankyu Hanshin lines. We provide grants to citizens’ groups that contributeto the creation of a desirable local living environment and development of
the next generation by matching funds accumulated from Group
employee donations. Over the past six years, we have donated a total of¥32.30 million to 67 organisations.

Installing LED lighting

100% biodiesel buses

We are progressively installing LED lighting at stations and Group facilities
along Hankyu and Hanshin lines. LED lighting reduces electricity
consumption, while its long lifespan contributes to waste reduction. For
instance, the installation of LED lighting at underground sections along theHankyu Kyoto Line, from Saiin Station to Kawaramachi Station, has been
selected by the Ministry of Environment as a model project. By installing
LED lighting in 4,261 light fixtures and signs, we have reduced a significant
amount of CO2 emissions. As a result, we received the 2014 Kinki District
Transport Bureau Chief’s Transport-Related Environmental Preservation
Outstanding Company Award.

We collect used food oil from the Group’s hotels; the food product plants ofIina Dining Co., Ltd., which manufactures and sells meals and prepareddishes, and operates school lunch businesses; as well as from residents of the
GEO brand condominiums sold by Hankyu Realty. The collected oil is used asrecycled fuel to operate four Hankyu buses (as of July 2015).

We run a range of events in Umeda
during both summer and winter,
including candle art exhibitions.
With the building lights and neon signs
turned off, the lighting of the candles ispart of our effort to encourage people
to think more deeply about sustainableliving.

Charity concert for parents and children in the Hankyu
Dreams and Communities of the Future Project(Hankyu Corporation, Umeda Arts Theater)
Every year, we hold concerts with fullorchestras at the Umeda Arts Theater.
Through familiar music and conductor
experience, we present great
opportunities for about 1,800 children
and their parents to enjoy live music. Allproceeds from ticket sales are donatedto The Ashinaga Scholarship Fund.

Hankyu Hanshin Dreams and Communities of the Future
Challenge Troop (Group companies)
This experiential programme forelementary school students is run
during the summer holidays. We use theGroup’s operations, facilities, andpersonnel to create diverse experiences
and learning opportunities for thechildren. The diversity of the programme
and its year-by-year expansion werecited as factors in its receiving the Good
Design Award in 2014.

19 Group Guide 2015

Dreams and Communities of the Future Fund structure
Employees
Donations mainly through payroll deductions
Endowment consisting of funds accumulated
through Group employee donations

Hankyu Hanshin Holdings

In the case that the endowment
reaches ¥3 million

Hankyu Hanshin Holdings will matchamount over ¥3 million¥3 million + ¥3 million = ¥6 million, which is allocated as grants to local citizens’ groups

Preservation of the Natural Environment
Group AGroup B

Group CGroup D

Platform ofHankyu Kawaramachi Station

Social Contribution Point System

Installation of solar panels
We support regional andsocial contribution activities
by establishing a system that
grants points to Group
employees and retired
employees for related
volunteer activities.

Group employee and retired
employee activities• Volunteer activities• Participation in activities sponsored bydepartments• Purchasing of fair trade
products, etc.

Point exchange(once a year in April)• Donating to Hankyu Hanshin
Dreams and Communities of the
Future Fund
• Planting of seedlings on Mt. Rokko• Exchanging points for fair trade
products, etc.

Point
application

We have installed solar panels
at the Group’s facilities,
including the Hankyu
Settsu-shi Station, Hanshin
Oishi Station, and the roof
over the inner field of the
Hanshin Koshien Stadium.
The electricity generated by
the panels is used by thefacilities.

Takarazuka Grand Theatre

Donation of environment-friendly toilets,and forestry preservation
Hankyu Travel International has donated environment-friendly toilets, which
use bacterial techniques to break down human waste, to such tourist areas
as Yakushima Island (a UNESCO World Heritage site). In addition, Hankyu
Travel International employees volunteer in tree thinning activities.

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Group Companies
Hankyu Hanshin Holdings Group SummaryCore
Companies

Urban
Transportation

Real EstateEntertainment
andCommunications

21 Group Guide 2015

• Hankyu Corporation• Hanshin Electric Railway, Co., Ltd.
• Hankyu Travel International Co., Ltd.
• Hankyu Hanshin Express Co., Ltd.
• Hankyu Hanshin Hotels Co., Ltd.

Travel

• Nishi Osaka Rapid Railway Co., Ltd.
• Alna Sharyo Co., Ltd.
• Nishiyama Driveway Co., Ltd.
• Iina Dining Co., Ltd.
• Nippon Rent-A-Car Hankyu, Inc.
• Ikeda LP Gas Co., Ltd.
• Eki Retail Service Hankyu Hanshin Co., Ltd. • Nose Electric Railway Co., Ltd.
• Haks Hanshin Co., Ltd.
• Osaka Airport Transport Co., Ltd.
• Hankyu Advertising Agency Inc.
• Osaka Hanshin Taxi Co., Ltd.
• Hankyu Kanko Bus Co., Ltd.
• Omtec, Inc.
・Hankyu Style Labels CO., Ltd.
• Kita-Osaka Kyuko Railway Co., Ltd.
• Hankyu Sekkei Consultant• Kobe Kosoku Kogyo Co., Ltd.
• Hankyu Taxi Inc.
• Kobe Rapid Transit Railway Co., Ltd.
• Hankyu Denen Bus Co., Ltd.
• Smile Ltd.
• Hankyu Driving School Hattori Ryokuchi• Tango Kairiku Kotsu Co., Ltd.

• Umeda Center Building Co., Ltd.
• Osaka Diamond Chikagai Co., Ltd.
• Kyokuto Co., Ltd.
• Senri Asahi Hankyu Bldg. Management Co., Ltd.
• Hankyu Investment Partners, Inc.
• Hankyu Nigawa Sports Garden Co., Ltd.
• Hankyu Housing Support Ltd.
• Hankyu Hanshin Clean Service Co., Ltd.

• Itec Software Co., Ltd.
• Itec Hankyu Hanshin Co., Ltd.
• Rworks, Inc.
• Wellness Hanshin Inc.
• Umeda Arts Theater Co., Ltd.
• FM KITA• System Giken Co., Ltd.
• Takarazuka Creative Arts Co., Ltd.
• Takarazuka Stage Co., Ltd.
• Naruo Water World Co., Ltd.

• Hankyu Bus Co., Ltd.
• Hankyu Hanshin Motor Technology Co., Ltd.
• Hankyu Hanshin Electric System Co., Ltd.
• Hankyu Hanshin Railway Technology Co., Ltd.
• Hankyu Railway Service Corporation• Hanshin Sharyo Maintenance• Hanshin Station Net Co., Ltd.
• Hanshin Taxi Co., Ltd.
• Hanshin Bus Co., Ltd.
• Hokushin Kyuko Railway Co., Ltd.
• Limousine Total Service Co., Ltd.

• Hankyu Hanshin High Security Service Co., Ltd.
• Hankyu Hanshin Building Management Co., Ltd.
• Hankyu Realty Co., Ltd.
• Hankyu REIT Asset Management, Inc.
• Hanshin Real Estate Co., Ltd.

• Airserve, Inc.
• Nikkei Culture, Inc.
• Hankyu Travel Support Co., Ltd.
• Hankyu Hanshin Business Travel Co., Ltd.
• Hanshin Travel International Co., Ltd.
• Hops Co., Ltd. (Hankyu Overseas Product Sales)[Hankyu Travel International overseas subsidiaries]• Hankyu International China Co. Ltd.
• Via Jes Hanshin S.A.
• Hankyu Travel International Singapore Pte. Ltd• Skypacking Corporation• Hankyu Hanshin Logipartners Co., Ltd.

International
Transportation

Hotels[Hankyu Hanshin Express overseas subsidiaries]• Hankyu Hanshin Express (USA) Inc.
• Hankyu Hanshin Express Mexico S.A. de C.V.
• Hankyu Hanshin Express (Deutschland) GMBH
• Hankyu Hanshin Express (UK) Limited• Hankyu Hanshin Express (Netherlands) B.V.
• Hankyu Hanshin Express (Beijing) Co., Ltd.
• Hankyu Hanshin International Logistics (Shanghai) Co., Ltd.
• Hankyu Hanshin Express (Shanghai) Co., Ltd.
• Hankyu Hanshin Express (Guangzhou) Limited• Hankyu Hanshin Express (HK) Limited• Hankyu Hanshin Express (Taiwan) Ltd.
• Hankyu Hanshin Express (Thailand) Co., Ltd.
• Hankyu Hanshin Express (Malaysia) SDN. BHD.

• Amanohashidate Hotel Co., Ltd.
• Arima View Hotel Co., Ltd.
• Kure Hankyu Hotel Co., Ltd.
• Keihin Service Co., Ltd.

• Hankyu Logistics (M) SDN. BHD.
• Hankyu Hanshin Express (Singapore) PTE. Ltd.
• Hankyu Hanshin Express Philippines, Inc.
• Hankyu Hanshin Logistics Philippines Inc.
• Hankyu Customs Brokerage Inc.
• Pt. Hankyu Hanshin Express Indonesia• Hankyu Hanshin Express (Vietnam) Co., Ltd.
• Hankyu Hanshin Express India Private Limited• Hankyu Hanshin Express (Myanmar) Co., Ltd.
• Hankyu Hanshin Express (Korea) Co., Ltd.
[Hankyu Hanshin Express representative oﬃces]
・Milan Oﬃce
・Dubai Oﬃce
・Moscow Oﬃce
・Johannesburg Oﬃce

• Dai-ichi Hotel Service Co., Ltd.
• Hankyu Hanshin Restaurants Co., Ltd.
• Hanshin Hotel Systems Co., Ltd.

[other organisation]• Public Interest Incorporated Foundation Urban Innovation Institute• Hanshin Cable Engineering Co., Ltd.
• Hanshin Contents Link Corporation• Hanshin Tigers Baseball Club, Ltd.
• P & P Hamamatsu Co., Ltd.
• Himeji Cable Television Co., Ltd.
• Bay Communications Inc.
• YMIRLINK Inc.
• Mt. Rokko Cable Car & Tourism Co.

[other organisations]• Takarazuka Music School• Takarazuka Revue Company

Other• Assist Hankyu Hanshin Co., Ltd.
• Hankyu Sangyo• Amachiku Co., Ltd.
• Hankyu Hanshin Card Co., Ltd.
• Ikeda Meitengai Co., Ltd.
• Hankyu Hanshin Business Associate Co., Ltd.
• OS Co., Ltd.
• Hankyu Hanshin Financial Support Co., Ltd.
• Kansai Telecasting Corporation• Hankyu Hanshin Insurance Services Co., Ltd.
• Kobe Electric Railway Co., Ltd.
• Hankyu Hanshin Point Co., Ltd.
• Station Network Kansai• Hankyu Mediax Co., Ltd.
• Chuo Densetsu Co., Ltd.
• Hanshin Gardenings Co., Ltd.
• Tokyo Rakutenchi Co., Ltd.
• Hanshin Kensetsu Co., Ltd.
• Tottori Sakyu Kaikan• Hanshin Truck Co., Ltd.
• Hankyu Construction Management, Inc.

[other organisations]• Hankyu Kyoueikai Medical Corporation• Public Interest Incorporated Foundation
Hankyu Culture Foundation

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