Our Business

Fiscal 2014 Core Business Operating Results

Hankyu Hanshin Holdings
The Group comprises six core businesses: Urban Transportation, Real Estate, Entertainment and Communications, Travel,
International Transportation and Hotels. The businesses are operated 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., withthe aim of the organic growth of the entire Group.

P.38

Forming a mega network in
the Kansai area that provides
various urban transportation
services linking Group railways, buses and taxis

P.48

Expand businesses of highbrand value such as Hanshin
Tigers professional baseballteam, Hanshin Koshien
Stadium and Takarazuka
Revue

P.54

Offer high-quality global
logistics services mainly
through Hankyu Hanshin
Express

The Urban Transportation and Real Estate Businesses drive income
and contribute to generating a stable cash flow.
The major revenue pillars for the Group are the Urban Transportation Business and Real Estate Business, with both
holding about 60% of revenues from operations and roughly 80% of operating income. Among these, the Urban
Transportation Business’ railway business and the Real Estate Business’ leasing business account for more than half ofGroup profits, and generate a stable cash flow. A major characteristic of the Group is also that the Entertainment andCommunications Business stably records about 10% of the Group’s total operating income.

Revenues from Operations

Operating Income

Approx.
Approx.

Approx.
Approx.

60%60%¥

Urban
Transportation

Real Estate
Hankyu Corporation
Hanshin Electric Railway

TravelInternational
Transportation

HotelsHankyu Travel
International

Hankyu Hanshin
Express

Hankyu Hanshin
HotelsEntertainment andCommunications

80%80%

679.2¥679.2

91.8
91.8

¥ ¥
billionbillionbillionbillion

32.5%
28.9%
15.3%
4.6%
5.2%
8.8%
4.8%

Urban Transportation
Real EstateEntertainment and Communications
TravelInternational Transportation
Hotels
Other

40.3%
39.8%
14.8%
1.3%
2.1%
0.8%
0.9%

* Figures for % of revenues from operations are calculated based on the simple aggregate amount (including intersegment transactions) of each segment.

Operating Income by Core Business(¥ billion)

100

80

11.1

60

30.9

40

Develop and manage
high-quality housing, commercial facilities and officesin the areas served by our
lines

P.42

Expanding sales, focusing on
our mainstay Trapics brandwith its extensive travel
packages, through various
media including newspaper
advertising, member magazines, and the Web.

P.51

Operate Japan’s major hotel
groups under the HankyuHanshin-Daiichi HotelGroup, and manage The
Ritz-Carlton, Osaka

P.57

4.2
10.1

3.0
10.0

29.1

24.0

4.8
11.2

4.1
14.2

37.3

38.0

37.2

38.5

Urban Transportation
Real EstateE ntertainment andCommunications
Other

20

31.0

32.3

29.4

-1.0

0
2010

2011

2012

2013

2014

(FY)

Business Portfolio

Developing a Balanced Business Portfolio
Capable of Sustainable Growth
Urban Transportation

Annual number of passengers carried (FY2014)

TravelTotal length of lines operated

143.6km

Hankyu Railway

630 million

Core Companies: Hankyu Corporation, Hanshin Electric Railway

Hanshin Electric Railway

Focusing on its Railway Business, the Group is working to enhance the value of the areas served by its stations by expandingorganic links primarily between the Real Estate Business and the Entertainment and Communications Business. In addition, we
will realise a stable and balanced business portfolio by building on the unique strengths of each business. Looking ahead, thecomprehensive strength of the entire Group will be redoubled in such areas as bolstering competitiveness in each core business,aiming to be a No.1 and only one company, and generating Groupwide synergies that transcend barriers between businesses.

Total travel billings:
Core Company: Hankyu Travel International¥408.7 billion

Total length of lines operated

48.9km* The total of both Hankyu Travel International and Hankyu Hanshin Business Travel

Real Estate

Approx.

1.7 million m

Of this total,
approximately
800,000m2 areconcentrated in
the Umeda area

International Transportation

Core Companies: Hankyu Corporation, Hanshin Electric Railway

2

No. 4 in the industry

Japan inbound importhandling volume:

No. 4 in the industry

Core Company: Hankyu Hanshin Express¥78.5 billion

1,356Core Companies: Hankyu Corporation, Hanshin Electric Railway

Japan outbound export
handling volume:

Sales* (FY2014)

Number of condominiums sold for FY2014

Entertainment andCommunications

No. 3 in the industry

Total travel billings* (FY2014)

230 million
Leasable area (As of the end of March 2014)

No. 5 in the industry

Overseas travel billings:* Includes the equivalent amount of initial export freight charges

HotelsTotal attendances (FY2014*)
Hanshin Tigers (Home games)

Approx.

Number of rooms** Total attendance at Hanshin
Tigers home games during
the 2013 season

2.77 million

Takarazuka Revue (Including nationwide stage productions)

Approx.

2.50 million

Core Company: Hankyu Hanshin Hotels

Group hotels*48* As of 31st March 2014

10,326

ai

Arashiyama

Hankyu Railway Network 143.6km

Our Railway Network
The Group’s railway network connects
the Kansai economy’s main urban area,
Kobe and Kyoto, and neighbouring cities
with Umeda (Osaka) as a starting point.
From the Group’s initial start-up, we havecontributed to the creation and development of culture through our high-quality
homes, commercial facilities, and amusement facilities, as well as attracting universities and so on, and we have developed
together with the people of the region.

Our Strength
The Potentialof the Kansai Area

Kobe Line 46.9km

Hanshin Line 43.9km(Hanshin Main Line, Hanshin Namba Line, Mukogawa Line) Hankyu Arashiyama Line

Takarazuka Line 28.5km

Kobe Rapid Transit Railway Line 5.0km(Takarazuka Line, Mino-o Line)

Kyoto

Kyoto Line 65.4km(Kyoto Line, Senri Line, Arashiyama Line)

Kobe Rapid Transit Railway Line 2.8km
New station “Nishiyama-tennozan Station”

Myokenguchi
Nissei-chuo

Hankyu Kyoto Line
Nosé Electric
Railway Line

Osaka Pref.
Hankyu Mino-o Line
Kita-Osaka Kyuko Line
Extension ProjectN

Mino-oKawanishi-noseguchi

16% of Japan

Kita-senri

Tokyo

Hyogo

7

Tokyo

The Kansai area, the Group’s

Shiga

Osaka City
Osaka
Nara

Kyoto
Kyoto City

Hankyu Takarazuka Line
Tsukaguchi
Nishinomiya-kitaguchi

Imazu

Esaka

Awaji

Shin-Osaka Hankyu Building

Shin-Osaka

Mukogawa

Daimotsu
Amagasaki

Shin-Kobe

Kobe
Sannomiya

Hanshin Main Line

Minatogawa
Shinkaichi
Nishidaiarea, on the basis of GDP,

Motomachi

Improvement works at
Hanshin Sannomiya Station

Juso

Tenjimbashisujirokuchome

Rebuilding of Umeda Hankyu Building(Grand opening held in November 2012)

Umeda

GRAND FRONT OSAKA (Opened in April 2013)
Umeda 1-1 Project

Mukogawadanchi-mae

Hanshin Mukogawa Line

Osaka Bay
Hanshin Namba Line

(Completed in March 2013)

Osaka-Namba

Kintetsu Nara Lineis approximately $971.0 billion, boasting one of Asia’s largest
economies.

Nara Pref.

(Construction completed in July 2012)

Kobe Rapid Transit Railway Lineeconomic scale of the Kansai

enHankyu Itami Line

Imazu

Shiga

Wakayama

populated area in Japan. The

Shukugawa

Hankyu Senri Line

Itami

KoyoenHokushin Kyuko
Railway Line

Kita-Osaka Kyuko
Railway Line

Subway Sakaisuji Linemaking it the second largest

Tanigami

Hankyu Kobe Line

Osaka City
Osaka
Nara

lation of about 20 million,

Hankyu Koyo
Line

Wakayama

Kobe City

business base, has a popu-

Kyoto City

Hankyu Imazu Line

Kobe City

About % of Japan

Hyogo

Kyoto

ns

Area:

ka

KansaiIshibashi Senrichuo

in

Osaka
International
AirportTakarazuka($ billion)

KatsuraSh

About

Kawaramachi

Kyoto Pref.

(Kobe Line, Imazu Line, Itami Line, Koyo Line)

Hyogo Pref.
Population:

Hanshin Electric Railway Network 48.9km

Top ranked area in survey ofpreferred residential areas

To Kintetsu-Naraji

To Hime

Sources: IMF/World Economic and Financial Surveys 2011
Cabinet Office, Government of Japan,“Prefectural Accounts FY2011”15,53415,000

7,322
5,906

6,000
4,000

One of Asia’s
Largest Economies

3,631
2,785

2,000

Strength

1

Rank

Place

1

Nishinomiya

2Ashiya3

Shukugawa

4

Umeda

5

Kobe

6

OkamotoAs a result of valuing the relationships of trust with residents living

7

Kyoto

along the railway line, our long-term efforts to enhance the value of8

the areas served by our stations have been well received. At present,

910

Ability to create value inareas served by our stations

1,169 1,114 971 846
834

0Survey of Preferred Residential
Areas (Kansai Area)
Tenga chaya

Netherlands (17th)

Indonesia (16th)

Kansai Area

Korea (15th)

Mexico (14th)

France (5th)Germany (4th)Japan (3rd)

China (2nd)

United States (1st )the area along the Group’s rail lines has, on the whole, become highly
popular within the Kansai area. This creative ability for enhancing thearea along our rail lines is one of the strengths of our Group.

Location

Nishinomiya, Hyogo

11

MikageKobe, Hyogo (Higashi-nada-ku)

Ashiya, Hyogo

12

Namba

Osaka (Chuo-ku)

Nishinomiya, Hyogo

13

Takarazuka

Takarazuka, Hyogo

Osaka (Kita-ku)

14

Tennoji

Osaka (Tennoji-ku)

Kobe, Hyogo (Chuo-ku)

15

Toyonaka

Toyonaka, Osaka

Kobe, Hyogo (Higashi-nada-ku)

16

Downtown Kobe

Kyoto

17

IbarakiSannomiya

Kobe, Hyogo (Chuo-ku)

18

Fukushima

Senri-chuo

Toyonaka, Osaka

19

Abeno

Takatsuki

Takatsuki, Osaka

20

Motomachi

Kobe
Ibaraki, Osaka
Osaka (Fukushima-ku)
Osaka (Abeno-ku)
Kobe, Hyogo (Chuo-ku)

Source: Survey by Sumitomo Realty & Development and six other major real estate firms (26th September 2013)

Strength2Strength

Leveraging our strong presence in Umeda,
Kansai’s economic centre

Ownership of content with strong brand value

The Umeda area of Osaka, the Group’s most important base, is one of the most famous shopping and entertainment districts ofJapan, served by the Umeda stations of the Hankyu and Hanshin lines and the Osaka Municipal Subway as well as JR Osaka Station.
It is Kansai’s economic centre. In the Umeda area, the Group operates railway network terminuses serving both the Hankyu andHanshin networks, and also runs key commercial facility, office building, hotel, theatre and other businesses, demonstrating its
significant presence in the area.

20

3

The Group delivers inspiration and dreams through the Hanshin Tigers professional baseball team/Hanshin Koshien Stadium and the
Takarazuka Revue, both of which are unique assets that are popular and enthusiastically supported not only in Kansai area but throughout Japan. These two powerful attractions are assets that none of our rivals have.
They help increase passenger numbers in the areas served by our
stations when there is a show or a game on. They also contribute greatly to increased brand recognition for theGroup.

14
15

1

5

2

16

18

17
19 Hankyu Umeda Sta.
6

JR OSAKA Sta.

13

7
8

Hanshin Umeda Sta.

12

9

3

11
10

4

Umeda 1-1 Project©Takarazuka Revue Company■ Owned solely by the Group■ Joint ownership■ Owned by Hankyu REIT Inc.
1 HERBIS OSAKA

8 HEP NAVIO

15 Hankyu Corporation Head Office

2 HERBIS ENT

9 HEP FIVE

16 Kitano Hankyu Bldg.

3 Dai Hanshin Bldg./Hanshin Umeda Sta.

10 Higashi Hankyu Bldg.

17 Kita Hankyu Bldg.

4 Shin Hankyu Bldg.

11 Umeda Centre Bldg.

18 Nishi Hankyu Bldg.

5 Umeda Hankyu Bldg.

12 NU chayamachi

19 Hotel new Hankyu Osaka

6 Hankyu Grand Bldg.

13 NU chayamachi Plus

20 GRAND FRONT OSAKA

7 Hankyu Umeda Sta./Hankyu Sanban Gai Shopping Centre/Hankyu Terminal Bldg.

14 Applause Tower* HEP FIVE is jointly owned with Hankyu REIT Inc.

©Hanshin Tigers

Core Business Highlights
Revenues from Operations

Urban Transportation

P.38% of Revenues from Operations

32.5%
Real Estate

P.42% of Revenues from Operations

28.9%
Entertainment and Communications P.48

©Hanshin Tigers

TravelP.51% of Revenues from Operations

15.3%% of Revenues from Operations

4.6%
International Transportation

P.54% of Revenues from Operations

5.2%
HotelsP.57% of Revenues from Operations

8.8%

234.6

Revenues from¥billionOperations(YoY −5.9%)
Operating
Income Margin

16.4%

Segment
Assets

¥764.1 billion

249.3(¥ billion)

230.2

37.2

38.5

36.5

2013

2014

2015 (FY)

37.3

38.0

35.8

2013

2014

2015 (FY)

2013

2014

2015 (FY)

208.6

198.3

208.6

206.3

2013

2014

2015 (FY)

110.4

109.7

Operating
Income Margin18.2%

Segment
Assets¥1,009.4 billion(YoY −0.7%)

110.4

Revenues from¥billionOperations(YoY +7.5%)
Operating
Income Margin

12.8%

Segment
Assets¥142.8 billion

102.7(Est.)(Est.)

20132014

2015 (FY)

2013

33.0

34.1

33.0

33.3

2.5

Operating
Income Margin

3.7%

Segment
Assets¥74.5 billion

20142015 (FY)

37.7

36.7

37.7

38.6

Operating
Income Margin

5.4%

Segment
Assets¥39.8 billion(Est.)

1.8(YoY +21.8%)

2013

2014

2015 (FY)

63.7

64.7

63.7

64.3

Revenues from¥billionOperations(YoY −1.5%)
Operating
Income Margin

1.3%

Segment
Assets¥85.7 billion(YoY −1.7%)

2013(Est.)

2013

2014

2.1

2014

2015 (FY)(Est.)

2.3

2015 (FY)(Est.)

1.0
0.8
0.5

2013

2014

2015 (FY)(Est.)

Notes: 1. Figures for % of revenues from operations are calculated based on the simple aggregate amount (including intersegment transactions) of each segment (fiscal 2014 results).
2. Revenues from operations in other businesses accounted for 4.8%.

2013

2014

Total length of lines operated:
Hankyu Corporation: 143.6km Hanshin Electric Railway: 48.9km(Including tier 2 railway operator)

The Real Estate segment derives its core revenue from leasing and management of commercial facilities and office buildings and its condominium business. Its attractive business portfolio includes rental
properties located mainly in the Umeda area and along the Group’s rail lines, such as Umeda Hankyu
Building, Hankyu Sanban Gai Shopping Centre, HERBIS OSAKA, HERBIS ENT, GRAND FRONT OSAKA,
Hankyu Nishinomiya Gardens and the highly regarded Geo condominium brand in the Kansai area andTokyo metropolitan area.

This segment offers a wide variety of live entertainment, centred on the sports business — thenationally popular and famous Hanshin Tigers professional baseball team and their home groundand high-school baseball mecca, Hanshin Koshien Stadium — and the stage revue business, basedon the hugely popular Takarazuka Revue, which celebrated its 100th anniversary in 2014. In addition,
this segment runs wide range of businesses such as broadcast and communications business and theinformation services business.

(Est.)

1.2

2013

This segment comprises railway operations (with Hankyu Corporation operating the Kobe, Takarazuka
and Kyoto lines out of Umeda (Osaka) and Hanshin Electric Railway lines directly linking Kobe with
Osaka’s major northern and southern terminals, Umeda and Namba). Together, the Hankyu andHanshin network, combined with other lines, and bus, taxi and other urban transportation services,form a single large-scale network in the Kansai area, centred on the cities of Kyoto, Osaka and Kobe.

2015 (FY)

1.8(YoY +3.7%)

Revenues from¥billionOperations(YoY +2.6%)

2014

Nature of Business(Est.)

11.4

11.2(Est.)(Est.)

14.2(YoY +0.9%)

Revenues from¥billionOperations(YoY −3.2%)(¥ billion)

234.6(YoY +0.5%)

Revenues from¥billionOperations(YoY +5.2%)

Operating Income2015 (FY)(Est.)

Since its establishment in 1948, while meeting the diversified needs of customers through always
taking their perspective, Hankyu Travel International has sold its products via various media throughits five brands. They are the Trapics brand that provide enhanced content at a reasonable price, the“Crystal Heart” brand, the “Hanshin Aviation Friends’ Tour” brand for relaxed travel, the “e-very” brandfor self-planning travel, and the “Royal Collection” brand for luxurious travel. It provides safe, comfortable travel for customers’ inspiration and dreams, ranging from package tours through to original plansfor individual customers, travel to Japan, and business travel services.

In 1948, as Japan’s first International Air Transport Association (IATA) certified freight agency, Hankyu
Hanshin Express (Hankyu Corporation at that time) began international airline freight transportation
operations. Since then, regardless of whether for imports or exports, it has been providing fast and safe
door-to-door international transportation services. As a pioneer in international logistics, it utilises the
track record and experience it has cultivated in developing its overseas business over many years andprovides high-quality customised logistic services and support for its customers with optimised supply
chain management.

The Hankyu-Hanshin-Daiichi Hotel Group operates 48 hotels, consisting of 17 that are directly managed and 31 belonging to chains operated by franchises. It is one of Japan’s leading hotel chains with
10,326 guest rooms (as of 31st March 2014). As a hotel operator with many directly managed hotels in
the Tokyo and Kansai areas, Japan’s two largest markets, it offers a wide range of hotel formats, fromgeneral-purpose “city hotels” to new style hotels (with very limited function facilities). In addition to
chain operations, it also manages The Ritz-Carlton, Osaka, a venerable international luxury brand withwhich it has formed an alliance.

Major Group Companies

Investor Information(As of 31st March 2014)

Hankyu Hanshin Holdings, Inc.

Consolidated Subsidiaries■ Urban Transportation

Railway Operations

Automobile

Retailing

Advertising
Other

Name of Company

Hankyu Corporation
Hanshin Electric Railway Co., Ltd.
Nosé Electric Railway Co., Ltd.
Kita-Osaka Kyuko Railway Co., Ltd.
Hokushin Kyuko Railway Co., Ltd.
Kobe Rapid Transit Railway Co., Ltd.
Hankyu Hanshin Railway Technology Co., Ltd.
Hankyu Hanshin Electric System
Hankyu Bus Co., Ltd.
Hanshin Bus Co., Ltd.
Hankyu Kanko Bus Co., Ltd.
Osaka Airport Transport Co., Ltd.
Hankyu Denen Bus Co., Ltd.
Hankyu Taxi Inc.
Hanshin Taxi Co., Ltd.
Hankyu Hanshin Motor Technology Co., Ltd.
Nippon Rent-A-Car Hankyu Inc.
Hankyu Corporation
Hankyu Retails Corporation
Iina Dining Co., Ltd.
Hankyu Corporation
Hankyu Advertising Agency Inc.
Alna Sharyo Co., Ltd.

Hanshin Electric Railway Co., Ltd.
Hanshin Tigers Baseball Club, Ltd.
Hanshin Contents Link Corporation
Wellness Hanshin Inc.
Hankyu Corporation
Takarazuka Creative Arts Co., Ltd.
Takarazuka Stage Co., Ltd.
Umeda Arts Theater Co., Ltd.
Hankyu Communications Co., Ltd.
Itec Hankyu Hanshin Co., Ltd.
Bay Communications Inc.
Himeji Cable Television Co., Ltd.
Mt. Rokko Cable Car & Tourism Company

Name of Company

Real estate leasing

Real estate sales andother business■ Entertainment and Communications

Name of Company■ Real Estate
Hankyu Corporation
Hanshin Electric Railway Co., Ltd.
Hankyu Realty Co., Ltd.
Osaka Diamond Chikagai Co., Ltd.
Hanshin Real Estate Co., Ltd.
Hankyu Corporation
Hanshin Electric Railway Co., Ltd.
Hankyu Realty Co., Ltd.
Hankyu Hanshin Building Management Co., Ltd.
Hankyu Hanshin High Security Service Co., Ltd.
Hankyu Hanshin Clean Service Co., Ltd.
Hankyu REIT Asset Management, Inc.

(As of 31st March 2014)

SportsStage

Communication andMedia
Leisure, etc.

Head Office:1-16-1, Shibata, Kita-ku, Osaka 530-0012, Japan
Phone: +81-6-6373-5001(Group Planning Div., IR Office)Fax:+81-6-6373-5042
Tokyo Office (Personnel and General Affairs Div.):
Toho Twin Tower Bldg.,
1-5-2, Yurakucho, Chiyoda-ku, Tokyo 100-0006, Japan
Phone: +81-3-3503-1568
Fax:+81-3-3508-0249

Principal Shareholders:Travel Agency

Percentage(%)

Individuals
and others

Japan Trustee Services Bank, Ltd. (Trust account)

52,7804.15

47.55%The Master Trust Bank of Japan, Ltd. (Trust account)

35,853

2.82

Nippon Life Insurance Company

31,583

2.48

NameHankyu Travel International Co., Ltd.
Hankyu Hanshin Business Travel Co., Ltd.
Hankyu Travel Support Co., Ltd.

■ International Transportation
Name of Company

International
Transportation

Ownership Breakdown:
Number of shares(thousands)■ Travel
Name of Company

Hankyu Hanshin Express Co., Ltd.
Hankyu Hanshin Logipartners Co., Ltd.
HHE (USA) INC.
HHE (DEUTSCHLAND) GMBH
HHE (HK) LTD.
HHE (SINGAPORE) PTE. LTD.

Paid-in Capital:¥99,474 million
Fiscal Year-End:
31st March
Number of Employees: 20,913 (consolidated basis)
Authorised Shares:
3,200,000,000
Issued Shares:
1,271,406,928
Number of Shareholders: 87,811
Unit of Trading:
1,000 shares
Stock Exchange Listing: Tokyo
Transfer Agent:	Mitsubishi UFJ Trust and Banking
Corporation

Sumitomo Mitsui Banking Corporation

21,9091.72

H2O Retailing Corporation

21,037

1.65

Japan Trustee Services Bank, Ltd.
(The Sumitomo Mitsui Trust & Banking Co., Ltd. Retirement Benefit Trust Account)

13,665

1.07

State Street Bank West Client Treaty(Standing Proxy: Mizuho Bank, Ltd. Settlement & Clearing Services Division)

13,578

1.07

Japan Trustee Services Bank, Ltd. (Trust account 2)

13,244

1.04

Japan Trustee Services Bank, Ltd. (Trust account 3)

13,217

1.04

Japan Trustee Services Bank, Ltd. (Trust account 5)

12,925

1.02

National government andlocal public organisations

0.00%

Financial
institutions

25.16%
Securities
companies

0.71%
Other
corporations

9.39%
Foreign corporations
and individuals

17.20%

HHE: HANKYU HANSHIN EXPRESS■ HotelsName of Company

Hotel Management

Hankyu Hanshin Hotels Co., Ltd.
Hanshin Hotel Systems Co., Ltd.
Amanohashidate Hotel Co., Ltd.
Arima View Hotel Co., Ltd.
Hankyu Hanshin Restaurants Co., Ltd.

Stock Price Range and Trading Volume (Tokyo Stock Exchange):
Stock Price (¥)

Nikkei Average (¥)

650

18,000500
Nikkei Average (right scale)■ OtherName of Company

Construction
Group FinanceOutsourcing Services
for Personnel andAccounting Services

Hanshin Construction Co., Ltd.
Chuo-Densetsu Co., Ltd.
Hankyu Hanshin Financial Support Co., Ltd.
Hankyu Hanshin Business Associate Co., Ltd.

350
200
200,000

6,000
Stock Price (left scale)0

100,000
Equity-method Affiliates
Main Business

Department Store

Name of Company

H2O Retailing Corporation[Securities code: 8242]
Nishi-Osaka Railway Co., Ltd.

Railway Operations
Real Estate Leasing
Motion Picture Business
Commercial Broadcasting

Kobe Electric Railway Co., Ltd.
[Securities code: 9046]
Tokyo Rakutenchi Co., Ltd. [Securities code: 8842]
Toho Co., Ltd. [Securities code: 9602]
Kansai Telecasting Corporation

Trading Volume 0(thousand shares)

12,000

4

5

6

7

8

9 10 11 12

1

2

3

4

5

6

7

8

9 10 11 12

1

2

3

4

5

6

7

8

9 10 11 12

FY2012FY2013

FY2014

High

385

588

648

Low

290

349

492

At year-end

361

569

562

1

2

3