Group
Guide
2014

Hankyu Hanshin Holdings

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

“Safety and Comfort” and“Inspiration and Dreams”
Hankyu Hanshin Holdings Group came into being in October 2006

Management Philosophy of Hankyu Hanshin Holdings Group:

Mission:Why we come together and what we aim for

By delivering ‘safety and comfort’ and ‘inspiration anddreams’, we satisfy customers and contribute to society

through the management integration of Hankyu Holdings, Inc. and Hanshin Electric Railway Co., Ltd.
Centered on the Kansai district of Japan, we operate six core businesses : Urban Transportation,
Real Estate, Entertainment and Communications, Travel, International Transportation and Hotels.

Statement of Values:
What we consider important

Along with connecting Osaka, Kobe and Kyoto, the center of Kansai economy, by railway system,
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.

• Customer ﬁrst

Everything is for our customers. This is the starting point of our business.

• FaithStay faithful to grow customer trust• Vision and creativity
We will continue to be committed to enriching people’s lifestyles for generations to come andfulfilling our mission of delivering ‘safety and comfort’ and ‘inspiration and dreams’ .

Flexible ideas and spirit that go ahead of the times create new value• Respect for people

Our assets are each and every employee of our businessTop Message

Business Scheme
Our Group Business Segments (Core Business Segments)“Having achieved sustainablegrowth and improved financial
standing, we are poised toembark on a new businessstage.”

Positioning the six business domains––‘Urban Transportation’, ‘Real Estate’, ‘Entertainment
and Communications’ ‘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 five corecompanies: Hankyu Corporation, Hanshin Electric Railway, Hankyu Travel International,
Hankyu Hanshin Express, and Hankyu Hanshin Hotels.
*On 1st April 2013, core business segments were restructured.

Core business segments
Hankyu Hanshin Holdings
Urban
Transportation

Real EstateEntertainment andCommunications

Hankyu Corporation

TravelInternational
Transportation

HotelsHankyu Travel
International

Hankyu Hanshin
Express

Hankyu Hanshin
HotelsHanshin Electric Railway

Business Scheme

Top Message

About Hankyu Hanshin Toho Group:
I would like to extend my appreciation for the understanding and cooperation we have received.
We operate six core businesses: urban transportation, realestate, entertainment and communications, travel, international transportation and hotels. These businesses areoperated mainly by five core companies, Hankyu Corporation, Hanshin Electric Railway, Hankyu Travel International,
Hankyu Hanshin Express, and Hankyu Hanshin Hotels, under
the leadership of the Hankyu Hanshin Holdings (or, “theCompany” ), which manages the Group. In addition, as partof ‘Hankyu Hanshin Dreams and Communities of the Future
project,’ which is intended to promote environmental
protection activities and contribute to the society andcommunity, we are conducting various initiatives including
hands-on learning programs for elementary school students
and charity concerts. Under the management of theCompany and with the efforts made by the above corecompanies, we are working to strengthen the competitiveness of each core business and, through collaboration
among core businesses, exercise the Group’s comprehensive capabilities.
Now that it has improved its financial standing, a previous
concern, the Hankyu Hanshin Holdings Group, throughthese efforts, seeks to finally move to a new business stage.

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In Osaka Umeda, the Group’s most important base ofoperations, we are developing the area to bring it in linewith the times through two initiatives. One is the Umeda
1-1 Project, which involves rebuilding of the Dai Hanshin
Building, which houses the Hanshin Department Store, andthe adjacent Shin Hankyu Building. The other is the promotion of ‘area management’ wherein everyone in the wholearea cooperates with each other including business
operators. We are also building a more attractive area along
the railway lines by extending the tracks of the Kita-Osaka
Kyuko lines and providing new businesses and services thatwill enrich the lives of those who live along this line. We will
work to constantly strengthen our financial standing andunite as a Group in order to take a giant leap forward to
future growth. We will deliver our group management
philosophy ‘safety and comfort’ and ‘inspiration and dreams’
to customers and to become a group contributing tosociety. We ask for your continued understanding andsupport.
August 2014

Kazuo Sumi
President and Representative Director

Hankyu Hanshin Toho Group is a corporate group consisting of Hankyu Hanshin HoldingsGroup, H2O Retailing Group, and Toho Group. H2O Retailing conducts retail business, mainly
department store business.
Toho Group develops its businesses centering on movie production and distribution.
Hankyu Hanshin Toho Group has about 200 group companies with approximately 30,000
employees, and annual sales is 1.45 trillion yen for the total of an entire group.

Hankyu Hanshin
Holdings Group

This is a group with Toho at its core.
The real estate business, which
includes the Yurakucho Marion andHibiya Chanter buildings, provides
consistent support to the movie
production, distribution andpromotion, and the theatrical
production and promotion business.
The Toho Group is committed to the
production and sales of DVD softwareand the expansion of its network ofcinema complexes and thereby
provides entertainment to a wide
range of customers.

Hankyu Hanshin
Toho Group

Toho GroupH2O RetailingGroup

The HO Retailing Group, underHO Retailing Corporation, isinvolved in the retailing businessincluding the department store
business centered on the Hankyu
Department Store and Hanshin
Department Store, thesupermarket business, the parcel
delivery business, and shopping
center management.

4General Condition

Corporate Governance

Outline of Hankyu Hanshin Holdings, Inc.

Our Corporate Governance System

Name of Company:

Hankyu Hanshin Holdings, Inc.

Established:

October 19, 1907

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

Hankyu Hanshin Holdings, Inc. (or, “the Company” ) is a pure holding company, and conduct of operations isbasically the responsibility of Group member companies. Hankyu Hanshin Holdings’ principal role is supervision andoversight of the whole Group — meaning that these functions are separate from conduct of Group businesses.
Under this structure, the Company:

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 2014)‒‒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).

Corporate Governance System

Revenues from operations and operating income as of March 2014

International
Transportation
2.2％
Hotels
9.3％

Other
3.5％

Travel4.9％Entertainment
and Communications
14.9％

Urban
Transportation
33.7％

General Meeting of Shareholders

Other
0.9％

Travel1.3％

International
Transportation
5.5％

Hotels0.9％
Appointment/
Dismissal of Directors

Appointment/
Dismissal of Corporate Auditors

Revenues fromOperations

Urban
Transportation
41.9％

Operating
Income679.2

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

91.8

billion yen

Part-time: 8(including 2 External
Directors)

Full-time: 5

Appointment/
Dismissal

Audit & Supervisory Board

Board of Directors

Entertainment
and Communications
15.4％

Corporate Governance

General Condition

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 to pay attention to the improvement ofauditing environment. 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 operating companies
within specific parameters laid down in their business plans approved by the Company.

President

billion yen

ReportGroup Auditing
Division

Call

Real Estate
28.2％

Real Estate
41.4％

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 outside clientele operating revenue. Additional adjustment available.

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6

Connecting railway,
bus and taxi to provide
various transportation services

Kyoto

Takarazuka

Kobe
Umeda

Urban
Transportation

Nara

Urban Transportation
Train
Safety, peace of mind and comfort
Providing transportation to
support society with railway systeminfrastructure

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Osaka
Namba

Urban Transportation

Centered on the railway services of Hankyu Corporation andHanshin Electric Railway, we provide various transportation
services by linking other lines, buses and taxis, which form alarge network.
Retail business division as well as transportation advertising
division are maximizing the use of space inside train stations
and for new value creation along the railway lines.

To support society, we provide safety, peace ofmind and comfortable transportation services byforming a large network centered on two
companies—Hankyu Corporation connecting from the heartof Osaka, Umeda to Kobe, Takarazuka and Kyoto,and Hanshin Electric Railway, the one and only
privately owned railway company connecting two
major points of Osaka city.
Also, Hanshin Koshien station’s renewal
construction as well as Hankyu Umeda station’s
refining construction are progressing.
We are constantly improving each facility.
We are trying to attract customers with elaborately
planned campaign and limited edition ticket sales.

Bus & Taxi

Retailing

Transit Advertising

Providing neighboringtransportation service byconnecting with trains

Developing a wide range of retailshops focusing on the train stationinterior

Utilizing the power of transit
advertising media

Neighboring transportation services, such as
bus and taxi, are further strengthening
connection with the railway. Hankyu Bus,
Hanshin Bus, and Hankyu Denen Bus have
expanded their services, starting with thecommuter’s pass IC card, ‘hanica’.
Furthermore, we have enabled Hankyu taxi
and Hanshin taxi to accept payment by credit
card and the PiTaPa card. Also, we are
expanding transportation networks, such as
bike parking, along the railway lines.

Focusing mainly on the interior of train
stations on the Hankyu and Hanshin lines, wemanage retail stores such as the convenience
store chain 'asnas' and the cosmetics andclothing store 'COLOR FIELD.' In addition to thewholesale and food service business, we also
manage ‘Cook Deli Gozen shops’, the furnitureand interior goods shop 'DOUBLEDAY,' the
fresh juice stand 'juice deli mameca,' and the
lady's fashion shop 'and' or' also in the service
stations along the lines and in the Tokyo
metropolitan area not served by the lines.

Transit advertising coverage is different for
TV and newspaper.
Leveraging this characteristic, we provide
space value with billboards on trains, interminals, concourses, and digital signage, as
well as the video advertisement 'BIGMAN.'We are strategically putting transit advertising
into practice.

8

Real Estate

1977
Hankyu Grand Building
1929
Umeda Hankyu Building
Phase I

Large Scale Development

Since our founding,the DNA of urban development
has been passed down to us,
and we will continue todevelop attractive cities.

Steady promotion of large scale development which brings life to the city
Grand opening of refurbished Umeda Hankyu
Building/Hankyu Umeda Flagship Store in fall2012, and start of operation of GRAND FRONTOSAKA in spring 2013.
We have achieved numerous large-scale
development projects. And now, our development is entering a new stage.
We are starting with the Umeda 1-1 Project(refurbishment of Dai Hanshin Building andShin Hankyu Building), expected to complete inaround spring 2022.

1998
HEP FIVE

Real Estate Leasing

2012
Umeda Hankyu Building

2013
GRAND FRONT OSAKA

Owns a number of properties (commercial facilities
and office buildings), mainly in Osaka Umeda, thecenter of the Kansai economy, and the areas along therailway lines. Contributing 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 and Hanshin railway
lines including Umeda Hankyu Building, GRAND FRONT OSAKA,
Hankyu Sanban Gai Shopping Centre, HEP FIVE, HERBIS Osaka/HERBIS
ENT, Shin-Osaka Hankyu Building, and Hankyu Nishinomiya Gardens.
We own a total of over 1.7 square meters of leasing property. (as of 31st
March 2014). Through the utilization of these properties, we willcontribute to raising the communities’ appeal.

Real Estate

Focusing on building attractive communities and cities by therailway line, the Real Estate business has shared its growth with the
Urban Transportation business.
We are providing large-scale development, which creates a vibrantcommunity, as well as commercial facilities and office building
development, leasing, and management administration. We also
provide quality life residences that match each person’s lifestyle.
Further, our know-how built from experience is utilized and applied
to the real estate financing business. As the inheritors of urban
development DNA, we are turning future designs into reality.

Selling Real EstateWith our focus on GEO brand condominiums (for high quality and good taste)and HAPIA brand housing (for beautiful streets and quality lifestyle),
we are proposing dream-come-true ‘living spaces’ for customers.
Real Estate
Geo Tower Tenroku

Umeda 1-1 Project'GEO' brand condominiums are designed with quality and fromthe customer's point of view and built in neighborhoods thatpeople will grow attached to over the years.
'HAPIA' brand housing is designed 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 propose dream-come-true
homes for customers.
HAPIA Garden Kugahara-sanchome

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Producing‘Inspiration’ and‘Dreams’ for people

Entertainment and Communications

Hanshin Tigers, a professional baseball team with
passionate fans throughout Japan.
Takarazuka Revue carries a historical legacy.
We provide ‘inspiration’ and ‘dreams’ to enrich people’s
lives with music, advertising, and publishing.

Entertainment
andCommunications

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Entertainment and Communications
Hanshin Tigers

Takarazuka Revue

Communication & Media

Rokkosan (Mt. Rokko)

Many exciting moments have been
played at the venerable Koshien
Stadium, the Tigers home field

Commemorating its centennial,
Takarazuka Revue is delivering
inspiration and dreams

Supporting comfort andconvenience in daily life andbusiness

Our Group’s most prominent
tourism resource, Mount Rokko

Hanshin Tigers, a professional baseball teamwhose passionate fans are spread throughout
Japan. The Tigers also share their home field,
Hanshin Koshien Stadium, which celebrates its
90th anniversary this year, with the national
high school baseball tournament in spring andfall. The venerable Koshien, along with theexciting play of the Tigers' players, arecontributing to the growth of Japanese
baseball.

Takarazuka Revue is one of the rarest
theatrical companies in the world, consistingof only actresses, and attracts audiences withinspiration and dreams. Besides year-roundperformances at the Takarazuka Grand
Threatre, as well as performances at regions
within Japan, they have toured 25 times in
18 countries outside Japan, and have beenhighly acclaimed. Their performances can also
be seen on the Takarazuka Theatre Channel,
Takarazuka Sky Stage, as well as online.

The broadcasting and communications
business, such as cable TV, provides TV,
Internet, and telecommunication services tomeet a wide range of customer needs.
The information service business provides
e-commerce, website production, railway andbuilding-related system development, as wellconstruction of LAN infrastructure for groupfacilities.
We provide optimal solutions in various areasof life and business.

Well known for one of the best night view
spots, Mt. Rokko is our Group’s mostprominent tourism resource. There are various
leisure facilities such as country house,botanical garden, and musical box museum.
To commemorate its 50th anniversary, Rokko
Snow Park underwent renovation works andchanged its name. During the winter season,
the park was filled with a lot of family visitors.
Also, the exhibition ‘Rokko Meets Art’, which
combines the natural beauty of Mt. Rokko withmodern art, is receiving rave reviews.
12Valuing the customers’ point of view,
we are aiming to become
most favoured
travel company.

TravelDomestic travel & Overseas travel
We propose ‘memorable journeys’ to customers
with five brands that meet diverse needs
Five brands we market are ‘Trapics’, package tours withfulfilled plans at economical prices; ‘Crystal heart’ and‘Hanshin koku friend tour’, a collection of tour packagewith relaxed schedule; ‘e-very’, a self programming
package; and ‘Royal Collection’, a luxury custom-madetravel package. These tours are marketed throughnewspaper advertising, TV commercials, magazines,
websites and other types of media.

TravelSince our establishment in 1948, we have provided travel thatreaches the hearts of customers and have accommodated
diversifying customer needs by taking the customers’ point of view.
Utilizing the know-how cultivated over years, we provide a wide
range of services from package tours to tailor-made travel plans,
tours to Japan, and business travel with consideration of customer
safety and satisfaction.

TravelBusiness travel
Complete travel arrangement services
that fully support customers business
As an IATA agent, our services include reservations and ticketing for all of the world's airlines, visa application, flightreservations after arrival at destination, and arrangement of an interpreter.
Leveraging our domestic and international network, we provide international travel support and a 24-hour overseas
Japanese language help desk.

阪神トラベル・インターナショナル

13 Group Guide 201414

Providing customers with
optimal logistics andhigh-quality global services

International
Transportation

15 Group Guide 2014

International Transportation

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

International Transportation
Air cargo

Ocean cargo

Logistics

Customs clearance

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

Door to Door import/export
services by marine transport

Proposing and achieving optimallogistics solutions

Appropriate and speedy custom
clearance

In 1948, Hankyu Corporation entered theinternational air cargo business as Japan’s very
first International Air Transport Association(IATA) agency. By providing integrated services
from start to finish, we are building anirresistible brand.
Our service is fast and safe, door to door, forboth import and export thanks to the networkwith overseas subsidiaries and partner agents.

As a representative of NVOCC, we provide
international marine transport utilizing a
global network. Not only do we handle
general container transport (LCL and FCL), butalso special container transport, conventional
vessel transport, as well as import/export
customer clearance and logistics consulting toprovide door-to-door service that meets
customers' needs.

Highly knowledgeable logistic consulting
experts propose optimal logistics solutions
using advanced IT. By comprehensively taking
all of logistics, from storage and management
to distribution processing and delivery, we
operate speedily and with high quality.
In 2009, we were certified as an Authorised
Warehouse Operator under the AEO*
program.

We declare the quantity and contents of cargo tocustoms on behalf of the customer and obtainapproval. Also possess a thorough understandingof the customs clearance essential to import andexport of cargo.
Our customs clearance services are appropriate
and speedy because we have business licenses at
15 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.

*Authorised Economic Operator (AEO): an exempt regulation that allows simplified custom clearance and process,applicable to those companies which meet a standard of cargo security management and compliance.

16

Hankyu-Hanshin-Daiichi Hotel Group: listed hotels-chain hotel: 5Tokyo Dai-ichi Inn Hachinohe
Tokyo Dai-ichi Inn Hachinohe Annex
Montana Resort (Iwanuma, Miyagi)
Tokyo Dai-ichi Hotel Tsuruoka
Tokyo Dai-ichi Hotel Yonezawa

Tohoku area(chain 5)-chain hotel: 4Toyama Dai-ichi Hotel
Dai-ichi Inn Shinminato
Hotel Concorde Hamamatsu
Tokyo Dai-ichi Hotel Nishiki (Nagoya)-chain hotel: 3-

Japan’s leading hotel
chain operator

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

Chubu/
Hokuriku area(chain 4)

Chugoku area(chain 3)

We operate the Hankyu-Hanshin-Daiichi HotelGroup, which is one of Japan's leading hotel
chains with 48 hotels and over 10,000 guest
rooms.
From comfortable hotels designed for a betternights sleep, to luxurious hotels for enjoying theextraordinary, we offer the best hospitality
tailored to our customers' needs.

Shikoku area(chain 5)
Kyushu/Okinawa Area
(direct
operation 1/
chain 3)
-direct operation: 1-chain hotel: 3Takakura Hotel Fukuoka
Tokyo Dai-ichi Hotel Okinawa Grand Mer Resort
Tokyo Dai-ichi Hotel Naha City Resort

Hotel Hankyu
International

17 Group Guide 2014

Takamatsu Kokusai Hotel
Hotel Clement Tokushima
The Crown Palais New Hankyu Kochi
Tokyo Dai-ichi Hotel Matsuyama
Imabari Kokusai Hotelremm Kagoshimaremm Shin-Osaka

Hotels-chain hotel: 5--direct operation: 10Hotel 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-direct operation: 6Dai-ichi Hotel Tokyo
Dai-ichi Hotel Annexremm Hibiya
remm Akihabara
Dai-ichi Hotel Tokyo Seafort
Kichjoji Dai-ichi Hotel-chain hotel: 5-

Hotelsremm Akihabara

Kinki area
(direct
operation 10/
chain 6)

Kanto area
(direct
operation 6/
chain 5)

Ginza Creston
Ours Inn Hankyu
Dai-ichi Hotel Ryogoku
Dai-ichi Inn Ikebukuro
Dai-ichi Inn Shonan (Fujisawa)-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

HotelsBrand

REMM

The Ritz-Carlton, Osaka

Providing comprehensive support
as a chain hotel operator

Guaranteed quality sleep hotel,
REMM‘home away from home’—relaxing ambience and heartwarming hospitality to welcome guests

Hankyu-Hanshin-Daiichi Hotel Group has theknow-how of hotel management accumulated
over many years, which can be applied to thebranding of newly established hotels and toexisting hotel’s rebranding.
As a chain hotel operator, we are expanding ourhotel network and strengthening our marketing
capabilities as a result of the customers sentfrom our sales office and the support provided
by our head office.

In 2007, we started our new REMM brand hotel,
which prioritises a good night’s sleep over otherservices. Based on the concept of the customer
having a 'private bedroom' instead of the usual'guest room,’ the hotel rooms are designed tocreate an environment in which the customer
can enjoy 'quality sleep,' from check-in tocheck-out. The first REMM brand hotel opened
in Hibiya, followed by ones in Akihabara,
Shin-Osaka and Kagoshima, and are now in a
total of four locations. We offer customers
comfortable sleep and relaxation.

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

18

Corporate Social Responsibility––Social Contribution & Environmental Protection Activities

SocialContribution
Activities

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.

Basic Policy

Environment-friendly development

Human capital development

Hankyu Hanshin Dreams and Communities of the
Future Fund for support of citizens’ activities

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 contribute to the creation of adesirable local living environment and development of the next generation
by matching funds accumulated from Group employee donations.
Over the past five years, we have donated at total of ¥26.30 million to 57
organisations.

Charity concert for parents and children in the Hankyu
Dreams and Communities programme(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 theirparents to enjoy authentic music.
All proceeds from the ticket sales are
donated to Ashinaga Scholarship Fund.

Hankyu Hanshin Dreams and Communities
Challenge Troop (Group companies)
We hold summer hands-on learning
programmes for elementary school
students. The Group provides amultitude of “experience” and “learning”
opportunities that contribute to thehealthy development of children, who
are the future, by leveraging ourlong-standing businesses, various
facilities and personnel.

19 Group Guide 2014

The Group has compiled environmental basic concepts and policies
and pursues environmental protection activities. Earlier measures tosave energy in light of the need to curb global warming have been
stepped up since the Great East Japan Earthquake, as strengthened
measures to save electricity have become a pressing public need.

Dreams and Communities of the Future Fund structure
Employees

Mindful that global environmental protection 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.

Curb global warming and save energy

Reducing waste and encourage resource recycling

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.

Hankyu Bus operates four of its buses purely on biodiesel fuels refined fromused edible oils.
The oil is collected primarily from Group hotels and food factories as well as
in cooperation with residents of Hankyu Realty’s Geo-branded
condominiums.

Corporate Social Responsibility

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

Priority
Areas

Social contribution activities of each Group company–– In fiscal 2014, 83 activities were undertaken

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 is
aimed at encouraging people to think
more deeply about sustainable living.

Improving local communities andliving environments for our children

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
Protection
Activities

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 HD will matchamounts over ¥3 million

Protect the natural environment¥3 million + ¥3 million = ¥6 million, which is allocated as grants to local citizens’ groups

Group AGroup B

Group CGroup D

Social contribution point system

Installation of solar panels

Group employee andWe support regional andretired employee activities
social contribution activities• Volunteer activities
by establishing a system that
• Participate in activities sponsoredby departments
grants points to Group• Purchase Fairtrade products,
employees and retiredetc.
employees for related
Point exchange
volunteer activities.
(once a year in April)• Donating to Dreams andCommunities of the Future Fund
• Planting seedlings on Mt. Rokko• Exchanging for Fairtrade products,
etc.

Platform ofHankyu Kawaramachi Station

Point
application

We have installed solar
panels capable of generatinga total of 444kW at eightGroup-company facilities,
including Settsu-Shi Stationand the “Silver Umbrella”
roof of the Hanshin Koshien
Stadium. The electricity
generated is used at thesefacilities.

Takarazuka Grand Theatre

Donation of environmentally-friendly toilets, andforestry protection
Hankyu Travel International has donated environmentally-friendly toilets,
which use bacterial techniques to break down human waste, to suchtourist areas as Yakushima Island (World Heritage). 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

Entertainment
andCommunications

21 Group Guide 2014

Travel• Alna Sharyo Co., Ltd.
• Iina Dining Co., Ltd.
• Ikeda LP Gas Co., Ltd.
• Eki Retail Service Hankyu Hanshin Co., Ltd.
• Osaka Airport Transport Co., Ltd.
• Osaka Hanshin Taxi Co., Ltd.
• Omtec, Inc.
• Kita-Osaka Kyuko Railway Co., Ltd.
• Kobe Kosoku Kogyo Co., Ltd.
• Kobe Rapid Transit Railway Co., Ltd.
• Smile Ltd.
• Tango Kairiku Kotsu Co., Ltd.

• Nishi Osaka Rapid Railway Co., Ltd.
• Nishiyama Driveway Co., Ltd.
• Nippon Rent-A- Car Hankyu, Inc.
• Nose Electric Railway Co., Ltd.
• Haks Hanshin Co., Ltd.
• Hankyu Advertising Agency Inc.
• Hankyu Kanko Bus Co., Ltd.
• Hankyu Sekkei Consultant• Hankyu Taxi Inc.
• Hankyu Denen Bus Co., Ltd.
• Hankyu Driving School Hattori Ryokuchi• Hankyu Bus Co., Ltd.

• Umeda Center Building Co., Ltd.
• Osaka Diamond Chikagai 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.
• Hankyu Hanshin High Security 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 Communications Co., Ltd.

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

• 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 Revue Company• Takarazuka Music School[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• Hankyu Hanshin Building Management Co., Ltd.
• Hankyu Realty Co., Ltd.
• Hankyu REIT Asset Management, Inc.
• Hanshin Real Estate Co., Ltd.
[other organization]• Public Interest Incorporated Foundation Urban Innovation Institute• 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)

HotelsOther[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.
• Dai-ichi Hotel 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 Brokaerage Inc.
• Pt. Hankyu Hanshin Express Indonesia• Hankyu Hanshin Express (Vietnam) Co., Ltd.
• Hankyu Hanshin Express India Private Limited• Hankyu Hanshin Express (Myanmer) Co., Ltd.
• Hankyu Hanshin Express (Korea) Co., Ltd.
[Hankyu Hanshin Express representative oﬃces]• Dubai Oﬃce
• Johannesburg Oﬃce
• Milano Oﬃce
• Moscow Oﬃce

Group Companies

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

• Takarazuka Hotel Service Co., Ltd.
• Hankyu Hanshin Restaurants Co., Ltd.
• Hanshin Hotel Systems Co., Ltd.
• Remm Hotels Nishi Nihon Co., Ltd.

• 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 organisation]• Public Interest Incorporated Foundation
Hankyu Culture Foundation

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