Interview with the President

Osaka’s Umeda area,
driving the Group’s growth
The Umeda Hankyu Building and GRAND FRONT OSAKA have been completed at last.
The Umeda 1-1 Project has made significant progress, which is intended to further enhance theattractiveness of the Umeda area.
Among the major projects undertaken under the Medium-Term
Management Plan, we finally completed the rebuilding of
the Umeda Hankyu Building, which is anticipated to generatesignificant earnings in the future. Despite spanning seven andhalf years, this project was completed without incident, which
I personally find deeply satisfying. The new Umeda Hankyu
Building benefits from the extra capacity made possible by the
Act on Special Measures concerning Urban Reconstruction, withthe specified floor-area ratio significantly eased from 1,000% to
1,800%. This extra capacity has transformed it into a multipurpose
building that features an approximately 150,000m2 department
store along with an approximately 100,000m2 office complex.
I am proud to say that the Umeda Hankyu Building is not only
the No. 1 building in Umeda, but in the entire Kansai area. With
the building’s occupancy rate rising to nearly 90% (including

informal tenancy commitments), the subsequent rental income
has begun to contribute to overall earnings. Since the grandopening of the refurbished Hankyu Department Store’s Umeda
Flagship Store, it has been attracting numerous people daily andthereby contributing to increases* in the number of passengers
using our railway lines.
Another major development project, GRAND FRONT OSAKA,
commenced operations in April 2013. In conjunction with the
opening of the Umeda Flagship Store, GRAND FRONT OSAKA
is making a substantial contribution to the revitalisation of the
Umeda area. In particular, GRAND FRONT OSAKA attracted over
300,000 customers on each day of the Golden Week spring
holiday.
There are those who believe that the addition of these newcommercial facilities will create an oversaturated retail market in

Umeda is undergoinga significant
transformation.

the Umeda area. On the contrary, we believe that building retailspaces that enhance the attractiveness of Umeda on the wholewill expand this market and draw more customers than everbefore.
Through these efforts, Umeda is undergoing a significant
transformation. Looking ahead, however, we must further evolve
Umeda into a highly competitive area on the international stage
that gathers together and fosters exchanges among people,
commodities and currencies not only from Kansai and Japan,
but Asia and numerous other overseas regions. One initiative toachieve this is the Umeda 1-1 Project, which involves rebuilding
the Dai Hanshin Building (in which the Umeda Flagship Store islocated) and the adjacent office building, Shin Hankyu Building,into an integrated complex. Thanks to a city plan proposal
decided upon on 19th April 2013 that establishes a special urban
renaissance district, the Umeda 1-1 Project has made significant
headway towards commencing commercial operations. This city
plan proposal eases the specified floor-area ratio under the Act
on Special Measures concerning Urban Reconstruction from
1000% to 2000% (the largest in Japan at the time the proposal
was decided upon). We will also undertake this rebuilding
project using the space above the road separating the Dai

Hanshin Building and Shin Hankyu Building. This is the first timethat an “area specified for urgent urban regeneration work” inaccordance with the Act on Special Measures concerning Urban
Regeneration is being used to ease regulations on abovegroundconstruction. In addition, we will promote the development of
a comfortable, superior-quality community by undertaking thisproject in conjunction with upgrades to surrounding public
facilities.
The Umeda area is the Group’s most important business base.
Accordingly, we are keenly aware of the role we play in this area.
Looking ahead, we will work in tandem with the governmentand business partners as we further revitalise and improve theattractiveness of the Umeda area in all areas to create a community that meets today’s needs.
* Compared with the number of passengers in the previous fiscal year following the
grand opening of the Umeda Hankyu Building (until 31st March 2013)(Hankyu Umeda Station passengers: +2.5%; Hanshin Umeda Station passengers:+1.3%)

Hankyu Arashiyama Line

Kyoto

N

Special Feature: Our Investment for Growth“Nishiyama-tennozan Station”
Myokenguchi(Scheduled to open on 21st December 2013)

Nissei-chuo

Hankyu Kyoto Line
Nosé Electric
Railway Line

Progress and achievement in growth investment
to create value along Group railway lines)

Hankyu Kobe Line

Shukugawa

Mukogawa

Hanshin Main Line
Sannomiya*

Shinkaichi

n

ns
e
Sh
in
ka

ch
i
To
K

aw
ara
Daimotsu

Juso

Tenjimbashisujirokuchome

Umeda

Mukogawadanchi-mae

Hanshin Mukogawa Line

Minatogawa

o Ele
Sany

Awaji
Shin-Osaka

Amagasaki

Shin-Kobe

ctric

Esaka

Imazu

Motomachi

Osaka Bay

NishidaiTo

Tsukaguchi
Nishinomiya-kitaguchinoSan

Kobe Rapid Transit Railway Line3
HimejiHankyu Takarazuka Line

Imazu

Project

2

obe
a (K
miy

Senrichuo

Kita-Osaka Kyuko
Railway Line

Itami

KoyoenHokushin Kyuko
Railway Line

IshibashiHankyu Itami Line

Hankyu Koyo Line
Tanigami

Umeda lies at the centre of the
Kansai area, which is one of theworld’s biggest conurbations,with approximately 2.5 million
people passing through it daily.
To make the most of the
Umeda area’s outstanding
feature—the largest railway terminus in western Japan—we havecompleted a series of large-scale
development projects and are
cur- Pref.
Nara
rently undertaking new projects.

Kita-senrimaHankyu Imazu Line

Hankyu Senri Line

Hanshin Namba Line

Subway Sakaisuji Line

1

Osaka
International
AirportTakarazuka

Mino-oHankyuMino-o Line

(Ky
ot
o)

Kawanishi-noseguchi

To

Project

Umeda

Areas Served by Group Lines (Expanded)

The Group’s Medium-Term Management Plan views the railway and real estate leasing businesses as stable cash flow generatorsand focuses on strengthening the Group’s operating fundamentals to ensure future growth. This includes prioritising real estatedevelopment investment in our most important base of operations, the central Umeda area.
The Umeda Hankyu Building and GRAND FRONT OSAKA development projects were completed between 2012 and 2013 withthe goal of creating interest in the Umeda area. These projects are beginning to realise an early increase in value along Grouprailway lines, particularly a rise in train passengers. We are also undertaking the new large-scale Umeda 1-1 Project to improve thecompetitiveness of Umeda in the years ahead. We will report on the progress and achievements of our growth investment for eachproject as well as explain the potential of the Umeda area and our development policy.
Project

Osaka Pref.

Hyogo Pref.

OsakaNamba

Kintetsu Nara Line
To Kintetsu-Nara

ine
ay L
Railw

Umeda Area in Detail
Tenga chaya

N

Rebuilding of Umeda
Hankyu Building Project

GRAND FRONT OSAKA Total investment: Approx. ¥60 billion Major uses:
Department stores, offices
Height: Approx. 187m
2
 Total floor area: Approx. 254,000m
Foor-area ratio: 1800% Total investment: Approx. ¥51 billion

North District (Umekita)( OsakaPhase
I Development Area Project ) Station

Umeda 1-1 Project(

Dai Hanshin Building and Shin
Hankyu Building Rebuilding Projects) Total investment:
Yet to be determined Major uses:
Department stores, offices,convention halls
Height: Approx. 190m (planned) Total floor area: 2
Approx. 257,000m (planned)
Floor-area ratio: 2000% (planned)*Our Group’s share only
(Facility investment only. Excludes investments in landand buildings for sale) Major uses:
Offices, commercial facilities, hotels,
Knowledge Capital, condominiums
for sale
Height: Approx. 154m–180m Total floor area: Approx. 556,700m2 Floor-area ratio:
South Building 1600%
North Building, Owner’s Tower 1150%

GRAND FRONT OSAKA
Owner’s Tower

GRAND FRONT OSAKA(Osaka Station North District (Umekita)
Phase I Development Area Project)

Applause Tower
Hotel Hankyu
International

North Building

KitanoHankyuBldg.

UnderpassSouth Building

UmekitaUmekita
Plaza

2014

2024

(FY)

JR Osaka Sta.

Umeda 1-1 Project

Shin
HankyuBldg.

(Dai Hanshin Building and Shin Hankyu Building Rebuilding Project)

Umeda
Centre Bldg.

HEP FIVE

Umeda Hankyu Bldg. HEP NAVIO
Hanshin Umeda Sta. (Hankyu Department Store
Umeda Flagship Store)
Dai Hanshin Bldg.
(Hanshin Department Store)

ta.

hi Um
eda S

Completed in
2023 (planned)

HankyuGrand Bldg.

Higas

The Ritz-Carlton, Osaka

U)

Opened in April 2013hi

HERBIS OSAKA)

Hankyu Terminal Bldg.

.

HERBIS ENT

Nis

 ai Hanshin Building and ShinD
Hankyu Building Rebuilding Projects

2013▶ Department Store Building (Phase I) opened in September 2009
▶ Office Tower opened in May 2010
▶ Department Store Building (Phase II)
opened in October 2012

Osaka Station North District (Umekita)
Phase I Development Area Project

Umeda 1-1 Project

2012

.

3 (

2011

Sta

Project

2010

me
da

2 (

2009

Grand opening in November 2012

GRAND FRONT OSAKA

Project

2008

meda Sta

1 

Rebuilding of Umeda
Hankyu Building Project

2007

NU
_ chayamachi

HankyuHotel
Umeda Sta.
new
Hankyu Hankyu Sanban Gai
Shopping Centre

ji Line U

Project

2006

NU_ chayamachi Plus

Kita Hankyu
Nishi Bldg.
HankyuBldg.

MidosuDevelopment ScheduleHankyu Corporation
Head Office

Higashi Hankyu
Bldg.

Rebuilding of
Umeda Hankyu Building ProjectProject

1 Rebuilding of Umeda Hankyu Building Project

Total investment

Approx. ¥60 billion▶ September 2009
▶ May 2010
▶ October 2012
▶ November 2012

Department Store Building (Phase I) opens
Office tower opens
Department Store Building (Phase II) opens
Grand opening

The Group’s key project is finally complete!
The Umeda Hankyu Building was completely transformed into a large multipurpose building in theautumn of 2012, following seven and half years of construction work. Making a fitting landmark for
the Umeda area, this building consists of an approximately 150,000m2 department store that coexists
with an approximately 100,000m2 office building. Maximising its advantageous position in Umeda, theUmeda Hankyu Building will significantly contribute to the Group’s real estate leasing business income.

Umeda Flagship Store of the Hankyu Department
Store transformed into a “Lifestyle Theatre”

Umeda Hankyu Building concourse

Overview of the Umeda Hankyu Building
Office Tower
Floors:15 to 41
Leasable area: Approx. 70,000m2

This office building features Kansai’s
largest standard per-floor leasable areaof approximately 2,800m 2 and a highlevel of competitiveness that combines
environmental performance with comfort. These features are based on Umeda
Hankyu Building’s convenient location,
which provides easy access to Hankyu,
Hanshin and other rail lines servicing
Umeda Station.

Introduced Japan’s largest elevator, capable of holding 80 people

Umeda Flagship Store of Hankyu Department Store
Floors:13 floors above groundand 2 below
Leasable area: Approx. 80,000m2

The Umeda Flagship Store is westernJapan’s largest department store. The
store’s highly innovative design createsa “theatrical atmosphere” that is comprised largely of the large open area,
Shukusai Plaza, and a total of 24 event
spaces at which Coto Coto Stage can beheld on each floor to allow customers
to experience first-hand the value ofvarious products in daily life.

The Shukusai Plaza is bustlingwith events

The Building
HeightApprox. 187m

Floors

41 floors above ground and 2 below

Total floor area

Approx. 254,000m2

Occupying a prime location at the north end of Midosuji, Osaka’s
main street, the Umeda Hankyu Building is less than a five-minute
walk from each of the Hankyu, Hanshin, JR and subway stations aswell as contains the Umeda Flagship Store. Rebuilding work on the
Umeda Hankyu Building was undertaken without closing its tenant
department store, even temporarily. Because of this, the work was
divided into two phases. The Umeda Flagship Store held its grandopening on 21st November 2012 following the completion of the
Department Store Building (Phase II) project last autumn.
As result of this construction work, the Umeda Flagship Storeboasts a sales area of approximately 80,000m2, the largest in westernJapan. Rather than displaying products in a conventional manner, theUmeda Flagship Store promotes unique attractions to stay abreast of
new lifestyle trends under the concept of being an exciting “theatricaldepartment store.” This includes Shukusai Plaza—a large open areathat conveys lifestyle and cultural information—and Coto Coto Stages.

The newly designed concourses improves
convenience and freedom of movement to achievea barrier-free facility
Umeda Flagship Store’s east-west and north-south concourses connect to Hankyu and Hanshin Umeda stations, the Osaka Municipal
Subway (Umeda and Higashi-Umeda stations) and JR Osaka Station.
Umeda is a major hub through which around 20,000 commuterspass every hour during the morning rush. The reconstruction of thisbuilding resulted in the removal of the pillars in the central section of
the old north-south concourse and the installation of a nine meterhigh ceiling to create an open space. In addition, we enhanced
convenience and freedom of movement for pedestrians by installing
elevators and escalators that connect to the first basement floor
with the above ground floors as well as open spaces. Through theseactions, we are working to create more bustling areas.
In particular, the southern-end of the north-south concourse,which connects to Hankyu and Hanshin Umeda stations as well as
Umeda and Higashi-Umeda Osaka Municipal Subway stations, hasbeen installed with six parallel escalators, a first in Japan. This enables
around 30,000 commuters to pass through each hour, 1.5 times
that of the previous structure, and creates an environment that canaccommodate larger numbers of visitors to Umeda.

Office tower built in Umeda’s prime businesslocation
The rebuilding construction of the Umeda Hankyu Building not only
renovated the department store, but also added new office floorsthat take full advantage of the extra capacity made possible by the
Act on Special Measures concerning Urban Reconstruction (significantly easing the specified floor-area ratio from 1000% to 1800%).
The substantial leasable area of the new office floors is approximately
70,000m2, and its rental income will contribute to Group earnings.

Concourse Map

Hotel
new
HankyuHankyu
Umeda
Sta.

HEP
FIVE
North-southconcourse
East-west
concourse

Hankyu
Grand
Bldg.

JR
Osaka Sta.

Midosuji Line

Umeda Sta.

Umeda Hankyu Bldg.
(Hankyu Department Store
Umeda Flagship Store)

Dai
HanshinBldg.*Hanshin
Umeda
Sta.

Tanimachi Line

HigashiUmeda Sta.

*Hanshin Department Store
Umeda Main Store

Japan’s first six parallel escalators

HEP
NAVIO

Project

2 GRAND FRONT OSAKA

51 billion (Our Group’s share)(Osaka Station North District (Umekita)
Phase I Development Area Project)

Total investment Approx. ¥*Facility investment only. Excludes investments in land and buildings for sale

▶ March 2010
▶ April 2013
▶ June 2013
▶ July 2013

Construction commences
GRAND FRONT OSAKA opens
Hotel opens
Condominiums delivery starts

Birth of a new community at the gateway to OsakaIn the redevelopment area immediately adjacent to Osaka Station to the north—Osaka’s last prime location—
GRAND FRONT OSAKA was a large-scale project undertaken by a consortium of 12 companies, including Hankyu
Corporation. Completed in April 2013 after three years of construction work, the time to open GRAND FRONTOSAKA finally arrived. Attracting over 10 million visitors in the first three months since its opening, GRANDFRONT OSAKA has garnered high expectations and interest in various areas as a driver of the Kansai economy.

Emergence of an attractive community at the
gateway of Osaka

GRAND FRONT OSAKA (April 2013)

Overview of GRAND FRONT OSAKAGRAND FRONT OSAKA Owner’s Tower

InterContinental Hotel Osaka

OfficesThis 48-floor condominium complex realises
the atmosphere of a real first-class hotel
based on a concept known as “The Hotel.”
The tower features a uniquely attractive
atmosphere thanks to a seven-meter highopen reception area referred to as “TheReception,” and a relaxing lounge area
installed with fireplaces known as “The Living.”

Fully equipped with 272 guest rooms, fiverestaurants and bars, reception halls, pooland other amenities,
the InterContinental
is a new-style luxury
hotel that offers
guests an unforgettable experience foundonly in Osaka.

Our top-flight Flagship Office facilities are Kansai’s largest,
boasting approximately 150,000m2 of leasable spacewithin three buildings. In addition
to its elegant lobby space, thesefacilities realise a comfortable andsafe office environment thanks to
the installation of a natural ventilation system and other advanced
technologies.

48 floors above ground,
1 below

Tower C

Tower B

Tower A

33 floors above ground,
3 below

38 floors above ground,
3 below

38 floors above ground,
3 below

This concept involves constructing a clusterof urban facilities that create and transmit
new value. These facilities feature the FutureLife Showroom and The Lab., which allow
visitors to experience advanced technologies for themselves, as well as the multipurpose Knowledge Theatre, a convention
centre and other facilities. These facilities
also include the members-only interactive
Knowledge Salon and small rentable officespaces called COLLABO OFFICE, all of which
provide various places and opportunities topursue knowledge insuch areas as industrial
development, cultural
promotion, international exchange
and human resource
cultivation.

South Building Terrace Garden
Keyaki (elm tree-lined) Street
North Building
Terrace Garden

GRAND FRONT OSAKA
Owner’s Tower

Seseragi (brook) Road

Condominiums

InterContinental Hotel Osaka

Offices

Knowledge Capital

Water fountains,reflecting pools, etc.
Umekita Plaza
Umekita SHIP
Connection to
JR Osaka
StationNorth Building
South Building

The consortium of 12 companies, including Hankyu Corporation,
not only developed this project, but is also heavily involved in its
operation.
In May 2012, Town Management Organisation (TMO) was
formed, which is undertaking various forward-looking initiatives tocreate a vibrant community.
One such initiative is the establishment of open-air cafes thatmake full use of widened public sidewalks. Although cafes are normally not permitted along public sidewalks, TMO used the special
permission clause under the Act on Special Measures concerning
Urban Reconstruction to obtain a permit from the City of Osaka.
In addition, TMO commenced UMEGLE, a new transportation
service that combines an area loop-line bus, rental bicycles andexisting parking lots. These efforts will reduce vehicle traffic in the
Umekita district, leading to greater revitalisation of and freedom of
movement in the entire area.

Visitor numbers and sales on track since theopening
N

Knowledge Capital

Osaka Station North District (Umekita) Development Area Project(approximately 24ha) is the last favourable location in central Osaka.
Within this project, a consortium of 12 companies, including Hankyu
Corporation, developed the Phase I Development Area (approximately 7ha), in which the GRAND FRONT OSAKA multipurpose complex (combining mainly commercial facilities, condominiums andoffices) was completed in April 2013 and is currently in operation.
Under the development vision of “creating a community wherea diverse array of people can gather for new encounters and inspiration that generate a fresh new energy,” this 154m to 180m high,four high-rise complex brings together a cluster of important urban
functions, including salons, showrooms, a convention centre andother facilities focused on providing a “Knowledge Capital” hub,as well as shops and restaurants, Flagship Offices, hotels, serviced
residences, the InterContinental Hotel Osaka and GRAND FRONTOSAKA Owner’s Tower condominiums.

Creating a community enjoyable for pedestrians

Icho (ginkgo) Street

Shop & Restaurant

Shops & Restaurants
Located in the Osaka’s central terminal, this commercial facility is one
of Japan’s largest, bringing together 266 retail outlets in a store area
measuring approximately 44,000m2. Under the key phrase, “Umedaoriginated, Umeda-produced, Umeda-perfected,” this facility consistsof a comprehensive array of stores that encompass all lifestyle areas,
including clothing, food, living and knowledge.

Within this aforementioned complex, the Group is deeply involvedin the development and operation of commercial facilities that havebeen attracting impressive numbers of customers since opening.
In the month immediately following its opening, GRAND FRONTOSAKA on the whole attracted 7.61 million visitors, and sales at its
commercial facilities reached ¥5 billion. Accordingly, we are well on
our way to reaching initial fiscal year targets of 25 million visitors andnet sales of ¥40 billion for these commercial facilities. In condominiums, all 525 units were sold prior to opening, despite mainly being
high-priced properties.
In addition to being very conveniently located, our superior-grade offices have been rated highly and are gradually being
rented thanks to boasting the largest floor area in Kansai as well
as being equipped with the latest natural ventilation systems andseismic resistance capabilities.

Along this Japanese Keyaki (elm tree-lined) street, fashionable open-air cafes add adegree of sophistication to the area.

Project(Dai Hanshin Building andShin Hankyu Building Rebuilding Projects)

JR Osaka Sta.

Conference Zone

Commercial district (official designation)

Umeda (Kita-ku, Osaka)
Namba, Shinsaibashi (Chuo-ku, Osaka)*
Tennoji (Abeno-ku, Osaka)
Shibuya, Omotesando (Shibuya-ku, Tokyo)
Shinjuku (Shinjuku-ku, Tokyo)
Ikebukuro (Toshima-ku, Tokyo)
Ginza, Nihonbashi (Chuo-ku, Tokyo)
Marunouchi, Yutakucho (Chiyoda-ku, Tokyo)

Department Store Zone
The total floor space of the newly refurbished Hanshin
Department Store Umeda Main Store at present is approximately 100,000m2 and is planned to encompass 11 floors(9 floors above ground and 2 below). In addition, the store isscheduled to remain open during rebuilding work.
Image of the completed building

Approx. 257,000m2

Floors38 above ground and 4 below

HeightApprox. 190m

Facility
composition• Department store zone (9 floors above ground and 2 below)
Total floor space approx. 100,000m2•O ffice zone (11th to 38th floors above ground)
Total floor space approx. 133,000m2•C onference zone (11th floor above ground)
Total floor space approx. 3,000m2•O ther (parking lot, passageways, etc.)
Total floor space approx. 21,000m2

Construction completion 2023 (planned)

Sta
.

i Um
eda
ish
eN

[Ground level]

Widen and improve
attractiveness of passageways
Upgrade plaza[Aboveground]Elevated walkway
Sections above road

Shin Hankyu Bldg.
Umeda DT
Tower

Osaka Ekimae
4th Bldg.
Osaka Ekimae
2nd Bldg.
Osaka Ekimae
3rd Bldg.

Umeda (Kita) Area

June 2008
480,148438,856
127,577
419,226
424,994
389,093
347,969
364,588[Commercial facility area] 682,362m2[Roadside land price (per m2)] ¥7.12 million[Main commercial facilities]
Umeda Flagship Store of Hankyu Department Stores

GRAND FRONT OSAKA

Osaka JR Tokaido Main Line

To KobeUmeda

Hanshin NambaLine

To Kyoto

JR Osaka
Loop Line

Subway Midosuji Line

Shinsaibashi(m2)

June 2013
682,362
470,437
220,277
427,513438,979
381,588
320,277
342,709

Source: Toyo Keizai, Inc. “List of Large-Scale Retail Outlets 2014”
Store area calculated on basis of official designation in the above table.
Stores surveyed are those with areas in excess of 1,000m2, as of June 2013, based on data on large-scale
stores registered with prefectural governments under the Large-Scale Retail Stores Location Law.
*Including 54,042m2 for Namba Parks (Naniwa-ku, Osaka)

The Planned Building

Total floor area

Underpass upgrading
Barrier freeComparison of Concentration of Commercial Facilities by Region (Store Area)

Taking advantage of the large space made possible bybuilding above roads, we plan to construct an approximately 3,000m2 conference zone on the 11th floor that willcontribute to revitalised business activities in the Umeda
area. During disasters, these facilities function as temporary
shelters for those unable to return home.

Specified floor-area ratio 2000%[Underground]

In recent years, the urban functions of the Umeda area and other key areas of Osaka
have been progressively updated and built up thanks to large redevelopment projects.
The Umeda area (which has seen the opening of a series of large office buildings andcommercial facilities, particularly Umeda Hankyu Building and GRAND FRONT OSAKA)
and the Abeno/Tenoji district (in which the department store section of ABENO HARUKAS
opened in advance in June 2013) were both redeveloped to enhance their attractivenessand dynamism, helping to significantly raise their value. While these major redevelopments
were taking place, intensifying competition among key areas has given rise to issues
regarding how to attract large numbers of people and capital.

*Covering office buildings built after 2000

Approx. 12,100m (includes the space used
above the road separating the two sites)	Upgrade on-site passageways(2nd floor of the planned building)

Osaka Ekimae
1st Bldg.

Competitive advantages of the Umeda area

Featuring advanced equipment, a high-rise section(11th–38th floors) is planned to have western Japan’s largest* floor space per office of approximately 4,500m2.

Site area

Deck level(aboveground)	Improve decorations and seismic resistance of the
new Umeda elevated walkway

Osaka
Marubiru

COLUMN:

Office Zone2	Widen, perform regular maintenance and improve
attractiveness of Midosuji passageway

Osaka
Dai Hanshin Bldg.
Dai-ichiSeimei Bldg.
Hilton Hotelshi Umeda Sta.

	Make surrounding sites barrier free	Upgrade underpasses at surrounding sites

Umeda
Hankyu Bldg.

Hanshin Umeda Sta.

HERBIS
ENT	Widen and perform regular maintenance of eastwest underpass (the urban development project’s
passageway No.1 in front of Osaka Station)

	Upgrade the on-site plazas on the planned west side

Overview of Umeda 1-1 Project Building (provisional name)

1-1 Umeda, Kita-ku, Osaka

South Gate Bldg.

Lin

Underground

Overview of Umeda 1-1 Project

Location

Diagram of Upgraded Area

The vicinity of the Dai Hanshin Building and Shin Hankyu Building features an upgraded three-level (underground, ground level, deck level)pedestrian network that improves the comfort and conveniences ofpedestrian spaces and, in turn, contributes to the revitalisation of theimmediate area and the rest of Osaka city.

Ground level

We will undertake this rebuilding project using the space above the road separating the Dai Hanshin Building and Shin Hankyu Building. Thisis the first time that an “area specified for urgent urban regeneration work” in accordance with the Act on Special Measures concerning Urban
Regeneration is being used to ease regulations on aboveground construction. In addition, we will promote the development of a comfortable,superior-quality community by undertaking this project in conjunction with upgrades to surrounding public facilities. Looking ahead, we aim tocomplete this project by 2023 through the ongoing cooperation of the government and business partners.

Urban development project decided
Completion of construction (planned)

Tanimachi Line HigaThis project involves rebuilding the Dai Hanshin Building (in which the Hanshin Department Store’s Umeda
Flagship Store is located) and the adjacent Shin Hankyu Building into an integrated complex. A new highrise building approximately 190m high will be built on a prime location facing Umeda (Osaka) Station. A city
plan proposal was decided upon on 19th April 2013 that establishes a special urban renaissance district. As
such, the Umeda 1-1 Project has made significant headway towards commencing commercial operations.

Overview of Main Upgraded Public Facilities Located Nearby

ub
ash
i

Commence projects symbolic of the integration ofHankyu and Hanshin▶ April 2013
▶ 2023Yots

3

Umeda 1-1 Project

Namba
Tennoji

Kintetsu
Minami-Osaka Line

Namba (Minami) Area
[Commercial facility area]

470,437m2[Roadside land price (per m2)]

¥4.56 million[Main commercial facilities]

Takashimaya Osaka
Daimaru Shinsaibashi

Abeno/Tenoji Area
[Commercial facility area]

220,277m2[Roadside land price (per m2)]

¥1.54 million[Main commercial facility]

ABENO HARUKAS

Under these circumstances, the Umeda area, the Group’s most important business base, is western Japan’s biggest railway terminal and currently
contains Japan’s highest concentration of large-scale commercial facilities, attracting people from both inside and outside the Kansai area.
Thanks to redevelopment in recent years, Umeda has also garnered high ratings as an office district. Umeda was not only the first among all of
Osaka’s business districts to benefit early from office expansion and relocation as well as new demand, but maintains the highest leasing rates in
Osaka, making it a highly competitive area.
Moreover, one section of the area surrounding Osaka Station has been designated as a Kansai Innovation International StrategicComprehensive Special Zone, raising expectations of future business expansion in environmental, medical and other fields centred on GRANDFRONT OSAKA’s “Knowledge Capital.” Along with this, the Umeda area is developing into an attractive destination for businesses and humanresources not only from Japan, but also Asia and the rest of the world, due to the upgrading of functions that is organically transforming Umeda
into a central hub. Accordingly, we expect the Umeda area to become even more competitive on the international stage, which will drive growthnationwide as the central urban core of Osaka.