Nankai Electric Railway

Transcription

Company Profile 2015
O u r High Growt h P ot en t ial
B usi nes s Area
Main Business Area
Osaka
Wakayama
Tokyo
Population
GDP
Japan
127
¥500,000
Nankai
Business Area
(Osaka + Wakayama Prefectures)
9.8
¥40,000
7.7%
8.0%
million
million
Ratio
billion
billion
Source: Population figures were announced by the Statistics Bureau of the Ministry
of Internal Affairs and Communications. GDP is the nominal GDP announced
by the Cabinet Office. Both are the latest figures as of October 2015.
1
Nankai Electric Railway Company Profile 2015
Corporate Philosophy
Based on our corporate philosophy, which we have adapted to the latest social trends,
and the message of our corporate symbol, the Company considers itself a comprehensive
lifestyle provider centered on railway operations. As such, we aim to help build prosperity
and contribute to society through broad-based businesses that support every aspect of
people’s lifestyles.
Corporate Philosophy (Drawn up April 1, 1993)
With expertise and dynamism, forging the way to the future
◆ Contribution to the Community
Justifying public trust as an all-round lifestyle provider and building a better society
◆ Putting the Customer First
Providing excellent services for the customer and bringing living comfort
and cultural enrichment
◆ Future Challenges
Meeting the needs of coming generations with bold energy and creativity
◆ A Dynamic Workplace
Creating a workplace brimming with vitality and harnessing the expertise and
personal strengths of every employee
Corporate Symbol
Our logo symbolizes our striving for the future as a comprehensive lifestyle company. It features
two wings, one vivid red and one bright orange. The red, like the sun shining on the southern seas,
represents our passion, and the orange the optimism of the human heart.
Message from the Management 3
The 3-Year Management Plan
—“Shinten 133 Plan” 4
At a Glance 11
Contents
Segment Information 12
Transportation12
Real Estate
14
Retail
16
Leisure and Services
17
Construction and Other
17
Corporate Social Responsibility 18
Financial Data 19
Consolidated Balance Sheets
19
Consolidated Statements of Income
and Consolidated Statements of
Comprehensive Income
21
Consolidated Statements of
Changes in Net Assets
22
Consolidated Statements of Cash Flows 23
Corporate Guide
24
Investor Information
25
Route Map 26
2
Messag e f ro m t h e Ma n a g e m e n t
President and CEO
Teruhiko Achikita
Founded in 1885, the Nankai Electric Railway Co., Ltd.
power of the Namba area,” the Nankai Group will unite to
was the first railway company in Japan to be established
concentrate its efforts on completing the plan and
purely by private capital. It currently operates three
strengthening its management foundation.
main lines from its landmark terminal in Osaka, Namba:
To “strengthen the Semboku-related business,” we
the Nankai Line to Wakayama, the Koya Line to the
will rapidly create synergistic effects from having made
Koya-san World Heritage Site and a line running to
Semboku Rapid Railway Co., Ltd. into a subsidiary,
Kansai International Airport.
expand business opportunities, and increase earnings
While focused mainly on railway, bus and other trans-
while taking steps to revitalize the entire Semboku area.
portation operations, the Nankai Group is also involved in
To “expand the Kansai International Airport and
real estate (rental office space and residential develop-
inbound tourism business,” we will focus on increasing
ments), retail (shopping center management), amuse-
our revenue base by steadily capturing growing
ment park and golf course management, office building
inbound tourism demand while more effectively dis-
maintenance and other leisure and service businesses, as
seminating information to promote visits by inbound
well as construction and other operations.
tourists to the Nankai Group’s business areas. In order to
In fiscal 2014, the Nankai Group did everything it
increase the drawing power of the Namba area, we will
could to accomplish its medium-term management
steadily move forward with the Nankai Kaikan Building
plan, “Rinshin 130 Plan,” which was in its final year. At the
Reconstruction Plan, create a more attractive Namba
same time, as a result of turning Semboku Rapid Railway
area, and differentiate it from competing areas.
Co., Ltd. into a subsidiary on July 1, 2014 and expanding
In conjunction with these efforts and to mark the
the scope of its business, the Nankai Group posted
130th anniversary of our founding this year, we will
record-high ordinary income and net income.
aggressively take steps to raise the brand image of the
With quantitative growth (revenue growth) and quali-
Nankai Group and its business areas, as well as focus on
tative improvement (improved financial soundness) as
making the areas along our railway lines more attractive.
the two wheels on which our business moves forward,
We would like to request the further support and
the Nankai Group formulated and launched the “Shinten
encouragement of all our shareholders in our continued
133 Plan,” its new medium-term management plan for
endeavors.
the three-year period starting from fiscal 2015, in order
to further strengthen its business foundation. Under
June 2015
three basic policies to “strengthen the Semboku-related
business,” “expand the Kansai International Airport and
Teruhiko Achikita
inbound tourism business,” and “increase the drawing
President and CEO
3
The 3-Year Management Plan —
“Shinten 133 Plan”
To further solidify the business foundation built thus far in terms of both quantitative
growth (revenue growth) and qualitative improvement (improved financial soundness),
we will push forward with the “Shinten 133 Plan,” our new medium-term management plan
covering the three-year period from fiscal 2015 through fiscal 2017.
• The “Shinten 133 Plan” Concept
Taking the opportunity of our 130th anniversary, we will further strengthen the business foundation
we have built thus far. The expression “shinten” in our Shinten 133 Plan denotes the activity of “deeply
exploring our business foundation and developing it further.”
• 3 Basic Policies in the “Shinten 133 Plan”
◆ Basic Policies
1
Having welcomed Semboku Rapid Railway and the Izumigaoka Station’s commercial facilities into the Nankai
Group, we will actively work to revitalize the entire Semboku area. Moreover, we will quickly bring about synergies throughout the entire Group including the Nankai railway business while aiming to expand business
opportunities and increase revenue. Further, with the newly acquired logistics center business as our core, we
will expand the logistics business within the Group.
Strengthen Semboku◆ Major Initiatives
related business
1.Increase the convenience and amenities of our freight transportation service
2.Make our core area (area in front of Izumigaoka Station) more attractive and able to draw more customers
3.Encourage more people to reside in or visit the Semboku area
4.Expand the revenue base of the logistics business
5.Reinforce efficiency and competitiveness
◆ Basic Policies
2
Expand the Kansai
International Airport
and inbound tourism
business
The Nankai Group will steadily capture the increasing inbound tourism demand for the 2020 Tokyo Olympics
and Paralympic Games. First, we will promptly develop a barrier-free infrastructure in hard and soft ways,
including by providing information and signs in multiple languages. In the future, we will not only provide
airport access, but accelerate the expansion of other income-generating opportunities. To that end, we will
make the entire Kansai area more attractive and disseminate information by cooperating externally with municipal
governments and others entities. We will take the initiative to establish Osaka as an inbound tourism gateway city
and encourage an increase in visitors engaging in the Nankai Group’s business areas.
In response to the changing environment surrounding Kansai International Airport, we will strive to maintain
and expand the Group’s Kansai International Airport-related revenue base.
◆ Major Initiatives
1.Enhance information dissemination and business infrastructure and develop a comfortable operating environment
2.Encourage tourism in the Namba area and expand revenue opportunities
3.Expand Kansai International Airport access
4.Expand services at Kansai International Airport
4
The 3- Y e a r M a na g e m e nt Pl a n— “ S hint e n 133 P l a n ”
◆ Basic Policies
3
Increase the
drawing power of
the Namba area
The Nankai Group is pushing forward with the reconstruction plan for the New Nankai Kaikan Building ( tentative
name), the culmination of the Nankai Building restoration, as the next core project to meet the needs of customers and contribute to increasing the area’s potential.
We will strive to raise the value and enhance the lineup of our real estate, retail and other businesses, and
preserve and enhance the vigor of the Namba area to differentiate it from other areas.
1.Push forward with the New Nankai Kaikan Building Reconstruction Plan
2.Enhance the value and lineup of our facilities and content
3.Promote urban development activities through area collaboration
• 2 priority items that we will continue to work on
◆ Basic Policy
1
Taking the opportunity of our 130th anniversary, we will launch a variety of promotions aimed at raising the
brand image of the Nankai area and the Nankai Group. We will also create the means for our many customers to
travel around the area along our railway lines, enhance our lifestyle-related services, and make the area along
the Nankai Line attractive by improving the functioning of our major stations.
Creating an attractive ◆ Major Initiatives
area along our
1.Launch a variety of promotions aimed at developing a new brand image
2.Centralize and unify information dissemination along our transport lines
railway lines
3.Develop content and create tour programs
4.Push forward with our plan to enhance lifestyle-related services
5.Promote development projects around stations and improve station functioning
2
◆ Basic Policies
Strengthen the
Group business
foundation
As we invest money and personnel in future growth fields, such as inbound tourism and logistics businesses, to
develop them as the next-generation pillars of our business, we will take drastic countermeasures as regards
unprofitable businesses in light of current financial conditions and future changes in the business environment.
Specifically, while maintaining an awareness of cash flow, we will ensure that investments and budget planning are carried out so that the balance of interest-bearing debt to EBITDA is improved. We will aggressively
develop and utilize core personnel to drive Group growth and diverse personnel to be responsible for new value
creation.
1.Focus on growth fields
2.Drastic countermeasures as regards unprofitable businesses
3.Priority allocation of business resources
4.Rigorous cash flow management
5.Establish system for implementation
• Numerical targets for the “Shinten 133 Plan”
Targets for the final year (FY2017; consolidated)
EBITDA = Operating Income + Depreciation and Amortization
❶ Ordinary Income:
❷ Balance of Interest-Bearing Debt/EBITDA Ratio:
5
¥30.0 billion
8–9 times
u-related
k
o
b
m
e
S
n
Strengthe business
Entry into New Business Fields
Acquisition of Shares of Semboku Rapid Railway Co., Ltd.
The Semboku Rapid Railway is a mutual through-train service that operates with the Koya Line. This railway provides
commuter train services that directly link Osaka’s city center with Semboku New Town, a large suburban housing area
straddling the communities of Sakai and Izumi, and these services play the role of a vitally important regional transportation artery.
In addition, the Group operates the Higashiosaka and Kitaosaka logistics centers—located within the strategically
important transport area Higashiosaka and Ibaraki—from which we offer truck terminal facilities and warehouses for use
by logistics service companies. These centers have become preeminent among logistics facilities in Osaka Prefecture. The
management of the Nankai Group fully recognizes the importance of these two logistics centers as social infrastructure
elements, and will make unstinting efforts to gain the trust of both our users and the communities as a whole.
• Outline of Acquired Company
1. Name
Semboku Rapid Railway Co., Ltd.*
Operation of a railway line
Nakamozu Station to Izumi-chuo Station; 14.3 km
2. Lines of Business Logistics business
Kitaosaka logistics center; 272,017 m2
Higashiosaka logistics center; 187,935 m2
3. Paid-in capital
Kitaosaka logistics center
¥4.0 billion
*Following the share acquisition on July 1, 2014, the company name of Osaka Prefectural
Urban Development Co., Ltd. was changed to Semboku Rapid Railway Co., Ltd.
Semboku Rapid Railway
Purchase of Commercial Facilities and Land in Area Adjacent to
Izumigaoka Station
This transaction involves the purchase of commercial facilities and land located adjacent to Izumigaoka Station, which is
a major stop on the Semboku Rapid Railway line, for use in the construction of large-scale commercial facilities. The plot
in question is situated in an area with a heavy concentration of urban facilities such as shopping and other commercial
facilities, as well as large-scale public facilities.
The Nankai Group expects the purchase of this land and facilities simultaneously with the acquisition of the
Semboku Rapid Railway to generate synergy, and we plan to utilize our know-how in the fields of real estate and commercial facility development to increase real estate values in the vicinity.
• Outline of Land and Facilities Purchased
Specialty shop building (south)
(commercial facilities)
Site area: 12,000 m2
Total floor area: 9,000 m2
Central building
(commercial facilities, partially used as business offices)
Site area: 8,000 m2
Total floor area: 10,000 m2
Site area: 34,000 m2
Parking building
(part of the premises is included in the central building) Total floor area: 34,000 m2
6
l
ternationa ess
In
i
a
s
n
a
K
Expand thebound tourism busin
in
Airport and
Inbound Tourism
Serving Low-Cost Carrier Users
In partnership with low-cost carriers worldwide such as Peach Aviation
Limited and the Jetstar Group, we have launched sales of discounted r ailway
tickets. We have also taken measures to improve convenience for passengers
of low-cost carriers who arrive very early or very late, by arranging more frequent limousine bus services to Umeda and Namba line stations in the early
morning and late night hours.
Airport bus serving Peach Aviation flights
Tourist Services
We have smoothed the way for foreign visitors by launching tourist information interpretation services using iPads, and by providing WiFi access at major
stations. Our Nankai Tourist Support Center in Kansai International Airport
Station helps ensure a comprehensive transportation and tourist information
network for visitors from Japan and overseas.
In February 2014, we introduced a sales system for foreign visitors to purchase railway tickets and travel products over the Internet, thereby enabling
them to travel smoothly after having made their purchases in advance.
Nankai Tourist Support Center
More Attractions for Overseas Visitors
In March 2013, we completely redesigned and updated our global website. The
website is now available in English, Chinese (traditional and simplified characters),
and Korean, providing tourist information to foreign visitors. By publicizing the
tourism resources of the Nankai Group, we will strive to encourage even more
customers to use the Nankai Group’s products and services.
In February 2015, we created the promotional character “rapi:tldier,” who
actively participates in events held in Japan and overseas and exhorts everyone
to use the Limited Express Rapi:t for travel to Osaka.
The promotional character “rapi:tldier”
Improving Airport Access
In partnership with the Osaka municipal government and other private railways,
we are starting to issue tickets enabling airport arrivals to get directly to all areas
of Kinki (Osaka (including downtown areas), Kyoto, Nara and Kobe). We have
also further improved airport access by increasing the frequency of limousine
bus services between Kansai International Airport and the Kyoto Line.
Limousine bus stop
7
f
g power o
in
w
a
r
d
e
Increase th Namba area
the
Development of the Namba Area
Eight railway lines feed into the Namba area, carrying approximately 800,000 passengers a day. It is one of the leading
railway terminals in western Japan, and is the counterpart to
Umeda terminal in central Osaka.
For the Nankai Group, Namba is the birthplace of our
business. Furthermore, it has always been our largest business
base, with facilities that extend over 550,000 m2. We regard it as
our mission to develop the Namba area, which is linked with
the outside world through Kansai International Airport, into an
even more attractive city-center space.
In the pursuit of this objective, the Nankai Group owns and
operates assets such as Namba Station, NAMBA CITY and
NAMBA PARKS and has sought to enhance the functions of the
Namba area by attracting major tenants, such as the
Takashimaya Osaka Department Store and the Swissôtel Nankai
Osaka, to its properties.
In 2010, we began operations at the international serviced
apartment tower Fraser Residence Nankai Osaka (114 rooms),
supported by the Osaka municipal government. Our aim is to
move the heart of Namba southwards, with ripple-effect benefits
on the NAMBA PARKS and NAMBA CITY malls and on visitor
frequency in peripheral areas of Namba. In April 2012, the live
performance hall Zepp Namba (OSAKA) opened, and in April
2013, Osaka Prefecture University opened its new “I-site” branch.
In a multiyear conversion project scheduled to be completed in September 2018, we are transforming the Nankai
Kaikan Building into a 30-floor (plus two floors below ground)
multipurpose local landmark linking directly with the Namba
terminal. We will continue to ensure that the building provides
Japan’s leading BCP features. The upper floors will be taken up
by offices for a wide variety of uses, the lower floors by retail
and financial service facilities and the middle floors by
improved premises for meetings, incentives, conventions and
conferences, and exhibitions held in the Namba area, as well as
an advanced medical center. We also plan to introduce a tourist
facility providing a wide range of services for visitors from
Japan and overseas using the Kansai International Airport and
other gateways.
The Group will continue working to further increase value
in the Namba area by coordinating urban planning projects
that will develop the competitive edge Namba has over its
neighboring rivals.
Nankai Building
Namba Station
Fraser Residence Nankai Osaka
Artist’s impression of
the completed New
Nankai Kaikan building
8
Major Railway Map of Osaka
Subway (Midosuji Line)
Shinkansen
Shin
Osaka
To Fukuoka
To Tokyo
Hankyu Line
Umeda
To Kobe
JR Line
Hanshin Line
Yodoyabashi
Subway
(Yotsubashi Line)
To Kyoto
Keihan Line
Hommachi
Shinsaibashi
Osaka Loop Line
JR
Namba
Subway
(Sennichimae Line)
Kintetsu Line
Namba
Tennoji
Nankai Line
Namba Area Map
To Wakayama
To Umeda
Yotsubashi Line
Namba Station
N
Midosuji
Osaka Namba Station
(Hanshin Line/Kintetsu Line/
Sennichimae Line)
Nipponbashi Station
(Kintetsu Line/
Sennichimae Line/
Sakaisuji Line)
Midosuji Line
Namba Station
JR
Namba
Station
Nankai Building (Takashimaya)
Nankai Kaikan
Building
Swissôtel Nankai Osaka
NAMBA
CITY
Nankai Namba Station
PARKS
Tower
NAMBA PARKS
The Namba
Tower
YamadaDenki
Zepp Namba (OSAKA)
Nankai Namba Bldg. No. 1
Namba Grand
Masters Tower
9
Sakaisuji
Yotsubashisuji
Osaka
Prefectural
Gymnasium
To Nara
s
active area
r
t
t
a
g
in
t
a
s
e
Cre
railway lin
along our
Attracting Tourists to Koya-san
The Company is committed to attracting tourists and other visitors to the Koya-san
World Heritage Site, the major attraction along our lines. The site received the highest rank of three stars from the Le Guide Vert Michelin Japon published in March
2009 (the Japanese edition of the famous Michelin sightseeing guide). In addition
to promoting the tourist destination, we are taking measures in partnership with
local residents to make the railway journey itself part of the experience, a pleasure
ride to look forward to, by reinventing the line as the Koya-san Hana (Flower)
Railway. Flowers are being planted along the line and used to decorate stations.
In addition, in March, we completed removal of all barriers at the destination,
Koya-san Station and the station before it, Gokurakubashi. On July 3, we also
launched operation of the Tenku tourist trains with observation decks along the
stretch of railway line between Hashimoto and Gokurakubashi. This has already
proved popular with our customers.
Koya-san
Some 1,200 years ago, Koya-san was a spiritual and physical training ground
for the followers of Kukai, better known as Kobo Daishi of the Shingon sect of
esoteric Buddhism in Japan. Koya-san rises 900 m above sea level. There are
as many as 117 temples in the mountains, of which a notable example is
Kongobuji, the main temple of the Shingon sect on Koya-san. The plateau at
the top, Danjo Garan, is regarded as a sacred area. Visitors will find a variety of
religious halls and towers and Buddhist and mandala images. In 2004, Koyasan was registered as a World Heritage Site and included in the “Sacred sites
and pilgrimage routes in the Kii mountain range.”
In 2015, for 50 days from April through May, the Koya-san 1,200-Year
Commemoration Ceremony was held to celebrate the twelve-hundredth
anniversary of the first building of a temple on the Koya-san site. During this
period, the commemoration ceremony attracted around 600,000 visitors from
all over Japan and overseas, and the Koya-san temple grounds had an
extremely festive atmosphere.
Kongobuji
Koya-san
Station
The Tenku Tourist Trains
On the Tenku (heavenly space) tourist trains, passengers make the ascent
from the world of everyday cares into the spiritual realm of Koya-san, undertaking what we have designed as a journey of transition. Rising into one of
the most famous mountain ranges in Japan, the train stimulates the urge to
travel. With eye-catching interior designs, Tenku services give our customers an experience to remember.
We have installed large windows in the sides of the cars, evocating
forests in their shape and deep green hue. Passengers can enjoy a 180degree view of the mountain scenery from the “One View” seating and
observation deck car, the only such vehicle of its kind operated by a private
railway company in Japan.
Tenku tourist train
10
One View
seating
At a G l anc e
(Millions of yen)
Segment
Revenues from Operations
Sales by Segment
Transportation
Operating Income by Segment
100,000
39.4%
Operating Income
87,669
93,574
50,000
15,000
45.6%
0
7,500
0
FY2013 FY2014
Real Estate
12,374 12,937
FY2013 FY2014
40,000
10,000
8,983
32,323
27,046
13.6%
20,000
31.7%
0
5,000
0
FY2013 FY2014
Retail
40,000
FY2013 FY2014
4,000
33,856
27,672
14.2%
11.9%
2,000
0
FY2013 FY2014
40,000
3,386
2,474
20,000
0
5,788
FY2013 FY2014
2,000
35,155 37,019
1,817
1,450
15.6%
20,000
6.4%
0
1,000
0
FY2013 FY2014
Construction
50,000
43,839
FY2013 FY2014
1,500
39,113
912
16.4%
25,000
3.8%
0
750
0
FY2013 FY2014
Other
2,000
1,081
1,746
FY2013 FY2014
1,939
200
182
131
0.8%
1,000
0.6%
0
100
0
FY2013 FY2014
11
FY2013 FY2014
S e g ment Inf ormati on
Transportation
Railways
Tramway
Buses
Ferries
Freight Transportation
Rolling Stock Maintenance
The Transportation segment consists of the Group’s core railway business and
its tramway, bus and ferry operations, through which we provide convenient
and popular public transportation services to the community.
Railway Business
The railway business is based in Namba, one of the two
major terminal stations in Osaka along with Umeda. From
here, our main line serves Wakayama, the administrative
center of Wakayama Prefecture, while the Koya Line
terminates at the Koya-san World Heritage Site. A branch
line gives direct access from Namba to Kansai International
Airport. This network covers a wide area south of Osaka, and
is used for work and school commuting, as well as leisure
and tourist travel. With a total of eight main and branch
lines, we operate a total track length of 154.8 km. We manage a total of 100 stations including Namba Station, which
has around 250,000 passengers per day, as well as around
700 items of rolling stock. As a public transportation service
provider, passenger safety is of course our main priority.
Rigorous safety measures are in place for rolling stock,
amenities and facilities, and personnel attend strict training
programs. In further measures to provide high-quality
services, we are making our entire network barrier-free.
Limited Express
Operating Revenue from
Railway Operations
(Millions of yen)
52,513
Number of
Passengers Carried
(Thousands)
53,532
53,473
FY2012 FY2013 FY2014
228,862
225,129
227,031
Rapi t
Koya
Southern
Rinkan
FY2012 FY2013 FY2014
12
S e g m e nt I nf o r ma ti o n
The Nankai Group’s railway network further expanded
with the addition of Semboku Rapid Railway as a consolidated subsidiary in July 2014. Semboku Rapid Railway
had previously engaged in mutual direct operation with
the Koya Line and has played a role in linking Osaka’s city
center with Semboku New Town, a suburban housing
area straddling the communities of Sakai and Izumi. These
services play the role of a vitally
important regional transportation artery. Looking ahead, we
will cooperate with Nankai
Group companies to increase
convenience and revitalize the
areas along our railway lines.
Bus Operations
Our well-established bus route network covers Osaka
Prefecture (south), Wakayama Prefecture and Tokushima
Prefecture on neighboring Shikoku Island. We also operate
high-speed routes linking our service areas with major cities
throughout Japan, giving us a very broad-based network.
A limousine bus also connects major cities in the Kansai
region with Kansai International Airport.
Nankai bus
Ferry Operations and Other
We provide convenient ferry connections between Kansai
to Shikoku, through services linking Wakayama with
Tokushima, the nearest major port on the island.
Other transportation-related service businesses run by
Group companies include tramway operation in populous
Osaka and Sakai, freight transportation, and rolling stock and
vehicle maintenance primarily for the Group.
Nankai ferry
Kansai International Airport
as a base and the integration of its management with that of
nearby Osaka-Itami International Airport.
Kansai International Airport originally commenced operations
in 1994 as an offshore airport located in Osaka Bay, 5 km from
shore. In August 2007, the airport opened a second runway and
became the first airport in Japan to boast two long runways and
operate fully 24 hours a day.
The annual total of arrivals and departures (international and
domestic) has risen to over 140,000, and the number of passengers passing through annually stands at 200 million. Serving
74 destination cities in 24 countries and connecting Kansai
with Asia and rest of the world, Kansai International Airport has
a nearly 20% share of the market for international passengers
in Japan, and is second only to Narita Airport in size. Recently,
expectations of demand growth have risen, due to the launch
of low-cost carrier operations using Kansai International Airport
Courtesy of Kansai International Airport Land Development Co., Ltd.
13
Rentals
Sales
Real Estate
Our real estate operations help to create a fulfilling living environment
for residents along our lines. With two pillars, rentals and sales,
this segment constitutes a major component of the Group’s total operations.
Rentals
The Nankai Group’s real estate business goes back to 1932
when the Nankai Building housing Namba Station and its
integrated concourse was opened. It remains a much-loved
landmark, with key tenants including Takashimaya Co., Ltd.,
one of Japan’s leading department store operators, and
various financial institutions. It is one of the principal terminals of Osaka. Our rental business is centered in the Namba
area of the city. We also own the Nankai Kaikan Building,
which we plan to finish rebuilding in 2018, and the PARKS
Tower office annex of the NAMBA PARKS mall. Additionally,
at major terminals along our railway lines, we lease out
Company-owned land, buildings and rental spaces within
the structures supporting overhead railways. These operations, combined with the department stores and banks
forming our key rental tenants, contribute to the prosperity
of communities along our lines, while leveraging the characteristics of these areas.
In addition, Semboku Rapid Railway operates the
Higashiosaka and Kitaosaka logistics centers—located within
the strategically important transport area of Higashiosaka and
Ibaraki. These logistics centers provide truck terminal facilities
and warehouses, which serve as logistic nodes, to logistics
service companies. These centers have become preeminent
among logistics facilities in Osaka Prefecture.
Higashiosaka logistics center
PARKS Tower
• Major Leasing Facilities
Facility Name
Nankai Building
Nankai Kaikan Building
Swissôtel Nankai Osaka
WINS Namba
PARKS Tower
Nankai Sakai Station Building
Nankai Sakai Higashi Building
Nankai Wakayama Building
Nankai Tokyo Building
Location
Namba, Osaka
Namba, Osaka
Namba, Osaka
Namba, Osaka
Namba, Osaka
Namba, Osaka
Sakai, Osaka
Sakai, Osaka
Wakayama
Ginza, Tokyo
Rentable Area (m2)
Amenities
50,172
Takashimaya, banks, shops, etc.
Now under reconstruction (demolition to be completed in June 2015)
Hotel and shops
Japan Racing Association
Offices and shops
Serviced apartments
Banks, offices, shops, station facilities, etc.
Takashimaya, banks, shops, station facilities, etc.
Takashimaya, banks, offices, shops, station facilities, etc.
Offices and shops
71,622
22,985
36,500
7,332
9,474
78,157
11,137
12,115
Note: The rental areas indicated include areas used by the Nankai Group.
14
Namba Area Map
Nankai Namba Station
NAMBA CITY
NAMBA PARKS
Swissôtel Nankai
Osaka
PARKS Tower
Nankai Building
(Takashimaya)
The Namba
Tower
Nankai Kaikan
Building
Han
ute
p Ro
Loo
ay R
essw
xpr
E
shin
e1
out
Fraser Residence
Nankai Osaka
Sales
The main focus of the Group’s real estate sales business is
large-scale residential projects. We are developing largescale, line-side residential zones and single-family home
subdivisions in Nankai Rinkan Den-entoshi in Wakayama
Prefecture and Nankai Kumatori Tsubasagaoka in Osaka
Prefecture. Both developments have helped to increase
value along our lines thanks to our careful attention to
creating a rich, natural living environment while providing
the convenience of urban amenities. We have also recently
taken measures to attract business facilities to our area,
including introduction of fully equipped office zones, in
efforts to create balanced, broad-based communities
where people can live and work.
We also market condominiums, principally in areas
around our stations. Recent condominium construction
and subdivision projects are underway in downtown Osaka,
Sakai, Kobe and Muko in Kyoto Prefecture, where the
Nankai Group is involved in independent projects and a
joint development and subdivision project with a major
condominium building developer.
Nankai Rinkan Den-entoshi
Nankai Kumatori Tsubasagaoka
DELASSER Tennoji Tamatsukuri
BigCasa Sakai Shirasagi Ekimae
• Major Large-Scale Residential Development Projects
Residential Land Name
Nankai Hashimoto Rinkan Den-entoshi
Nankai Kumatori Tsubasagaoka
Location
Hashimoto, Wakayama Pref.
Kumatori, Sennan, Osaka Pref.
Planned Area (ha)
Planned Number of Lots
Planned Population
398.7
64.0
6,350
1,300
23,400
4,800
15
Management of Shopping Centers
Merchandise Sales
Sale of Construction Materials
Retail
The Retail segment comprises shopping center management and merchandise
sales at station premises.
Management of Shopping Centers
The principal shopping centers operated by the Company are the
NAMBA PARKS and NAMBA CITY malls in the famous Namba
commercial area of Osaka, as well as PLATPLAT in Sakai and other
upmarket shopping centers. The Shop Nankai chain has outlets in
our stations and in the structures supporting overhead railways.
NAMBA CITY
PLATPLAT
NAMBA PARKS
NAMBA PARKS, which opened for business in 2007, is a shopping complex comprising some 254 fashion and accessory stores and restaurants. On the roof of the building, we have created the 11,500 m2 Parks Garden, surrounded by
some 70,000 trees and flowers of some 300 different species. In addition to providing an oasis of relaxation for shoppers, this development helps alleviate the heat-island effect, saves energy, and reduces CO2 emissions.
In March 2015, we renovated the entire building, a first since opening. Since the building was first opened, we
have been making progress in realizing each floor’s concept while continuing to make improvements. We have
created an environment in which it is easy to shop and enhanced shops and services to accommodate the new family
segment of customers that lives in the center of town.
NAMBA PARKS Shops &
Diners
NAMBA CITY
NAMBA CITY is one of Osaka’s leading shopping malls, with nearly 270 famous specialty shops located on the seven floors of the Main and South
buildings. In April 2011, 86 shops—primarily fashion, general merchandise and cafés—were refurbished to make the Namba area more appealing.
SEMBOKU AREA
In 2014, we acquired and now run Panjo and Shop Town Izumigaoka, two shopping centers in front of Izumigaoka Station, a major station on the
Semboku Rapid Railway.
Leveraging know-how fostered in the Group’s real estate and commercial development business, we will redevelop the area in front of
Izumigaoka Station in an integrated manner.
Station Premises Business
We operate merchandise retailing and food and drink outlets within station premises and around
stations, as well as convenience stores at Namba terminal and other stations along our lines.
In addition, we have recently developed commercial facilities under the ekimo brand name
within three stations on the Osaka Municipal Transportation Bureau’s Midosuji Line—Tennoji, Namba,
and Umeda. In April 2013, we opened ekimo Tennoji, followed by ekimo Namba in October 2013 and
ekimo Umeda in April 2014. In this way, we will continue to strengthen our operation of commercial
facilities inside stations along railway lines other than those operated by the Nankai Group itself.
16
Leisure
and Services
Amusement
Travel
Hotels
ental of MotorboatR
Racing Facilities
Building Maintenance
and Other Services
The Leisure and Services segment includes operation of the Misaki Park amusement
park, travel agency services, and hotel and Japanese-style guesthouse operations,
as well as motorboat-racing stadium rental, building management and maintenance
services, funeral services and golf course management. Through these businesses,
we provide our customers with a more fulfilling daily lifestyle.
Building Management and Maintenance Business
We have expanded our integrated building management
and maintenance, which covers equipment management,
security and cleaning of various facilities, from Tokyo to
Shikoku, as well as in Osaka.
Equipment maintenance inspection
Monitoring at a disaster prevention
center
Construction
and Other
The Construction segment comprises the construction and maintenance of apartment buildings and residential and other facilities. The Other segment includes
the Information System business.
17
Cor p o rate S o c i al R e spo n s ibil it y
CSR Initiatives
created an Eco-point system for making donations primarily
to organizations involved in tree-planting activities.
Improving Safety
The Company regards safety as its topmost priority in
earning the full trust of the communities we serve and
offering customers the best possible services. In addition to
creating safety plans for all of our business activities and
alerting every employee of the Company from the President
down to the importance of safety, we are ensuring safe
transportation through comprehensive measures covering
our railway facilities, rolling stock and employees.
* Nankai Group Environmental Principles *
The Nankai Group regards the protection of the global
environment as one of its missions. We always consider the
environmental impact of our business activities, and work to
foster a society that treasures the environment.
Specific Initiatives
* Safety Policy *
We set a goal of reducing CO2 emissions by 4% (approximately
5,800 tons) in four years (fiscal 2011 through fiscal 2014) at
three companies: Nankai Electric Railway, Nankai Bus, and
Suminoe Kougyou. However, in fiscal 2013, the third year, the
three companies had reduced emissions by 13,592 tons by
introducing energy-saving vehicles (34 vehicles), conserving
electricity in office buildings, and other measures. As a result,
we upwardly revised our emission reduction goal to 8%
(11,600 tons) by fiscal 2014, the final fiscal year.
In March 2010, we acquired ISO 14001 certification for our
railway and the Chiyoda workshop. Then, in March 2012, we
acquired ISO 14001 certification for the Nankai Head Office.
1. Safety is the Company’s overriding priority; we shall
prevent accidents by working together
2. As a company and in our work tasks, we will strictly comply
with all laws and regulations related to transport safety
3. The Company will enforce rigid checks and undertake the
safest methods at work
4. In the event of an accident or a disaster, saving human
lives takes priority over everything and the Company shall
implement appropriate safety measures without delay
5. The Safety Management System shall be implemented in
an appropriate manner and the Company will constantly
look to improve the system (revised June 26, 2009)
Compliance
Total Amount Invested in Safety
For the Nankai Group to fulfill its social responsibilities, it
must fully justify the trust of its many stakeholders. It goes
without saying that this is conditional on observance of laws
and social norms.
In 2001, the Company compiled its Code of Business
Ethics to uphold and promote compliance-based management as a means of entrenching corporate ethics within the
organization. To consolidate our corporate ethics framework,
we also compiled a compliance manual, laid down
guidelines for conduct by executives and all employees and
provided ongoing training. Through these measures we
foster awareness of compliance issues.
(Millions of yen)
6,497
FY2012
7,026
6,091
FY2013
FY2014
Environmental Initiatives
* Code of Business Ethics *
In line with our basic policy of
strengthening environmental
protection initiatives in the “Kenshin
126 Plan,” we are tackling important
issues and launching major measures
in cooperation with all Group
companies to realize the Nankai Group Environmental
Principles. We have also established an Eco-logo mark as a
symbol of our environmental activities. In addition, we have
1. Comply with laws and other social norms and ensure
soundness and fairness in our business activities
2. Endeavor to maintain healthy relations with customers,
business partners, shareholders and other members of
society at large
3. As a good corporate citizen, contribute to the local
community
4. Resolutely avoid all contact with antisocial elements and
groups that pose a threat to the business activities of the
Company and public order
18
Fi nan c i al Dat a
Thousands of
U.S. dollars
Millions of yen
2015
March 31, 2015 and 2014
ASSETS
Current assets:
Cash and deposits
Trade notes and accounts receivable
Merchandise and finished products
Work in process
Raw materials and supplies
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Non-current assets:
Tangible fixed assets (less accumulated depreciation):
Buildings and structures
Machinery, equipment and rolling stock
Land
Construction in progress
Other
Total tangible fixed assets
Intangible assets
Investments and other assets:
Investment securities
Long-term loans
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
2014
2015
¥ 21,647
22,409
26,486
543
2,529
2,467
9,743
(99)
85,728
¥ 17,632
24,036
24,279
363
2,257
2,359
9,592
(115)
80,406
$ 180,136
186,477
220,404
4,519
21,045
20,529
81,077
(824)
713,389
353,046
20,657
354,433
41,344
4,893
774,374
320,547
16,266
294,159
32,950
3,730
667,654
2,937,888
171,898
2,949,430
344,046
40,717
6,443,988
9,090
2,868
75,643
28,328
74
2,070
2,269
9,684
(2,073)
40,354
823,819
¥909,547
22,781
113
1,526
2,455
6,392
(2,527)
30,741
701,265
¥781,671
235,733
616
17,226
18,882
80,586
(17,251)
335,808
6,855,446
$7,568,836
Notes: 1.Amounts of less than one million yen have been rounded down.
2.Figures stated in U.S. dollars in this report are translated from Japanese yen, solely for convenience, at the rate of ¥120.17 per $1, the rate prevailing at March 31, 2015.
19
Fina n c i a l D a ta
Thousands of
U.S. dollars
Millions of yen
2015
2014
2015
LIABILITIES
Current liabilities:
Trade notes and accounts payable
Short-term borrowings
Current portion of bonds
Income taxes payable
Accrued employees’ bonuses
Reconstruction-related provisions for loss
Other current liabilities
Total current liabilities
¥ 21,026
116,040
—
4,063
2,321
1,151
63,090
207,693
¥ 19,322
119,162
25,000
2,946
2,093
—
52,386
220,910
$ 174,969
965,632
—
33,810
19,314
11,183
525,006
1,728,327
Long-term liabilities:
Bonds
Long-term debt
Deferred tax liabilities
Deferred tax liabilities on land revaluation
Net defined benefit liability
Provision for loss related to reconstruction
Other
Total long-term liabilities
Total liabilities
80,000
301,168
51,578
21,551
13,446
—
34,117
501,862
709,556
60,000
248,604
36,555
23,904
13,357
1,232
25,065
408,721
629,631
665,724
2,506,183
429,209
179,338
111,891
—
283,906
4,176,267
5,904,602
NET ASSETS
Shareholders’ equity:
Common stock
Capital surplus
Retained earnings
Treasury stock, at cost
Total shareholders’ equity
72,983
28,087
46,053
(34)
147,090
63,739
18,471
34,021
(1,377)
114,854
607,331
233,727
383,232
(283)
1,224,016
8,395
—
33,694
2,058
44,147
4,759
0
28,521
875
34,155
69,859
—
280,386
17,126
367,371
8,752
199,991
¥909,547
3,029
152,039
¥781,671
72,830
1,664,234
$7,568,836
March 31, 2015 and 2014
Accumulated other comprehensive income:
Unrealized gain on available-for-sale securities
Deferred gain (loss) on hedging derivatives
Reserve for land revaluation
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets
20
Consolidated Statements of Income
Thousands of
U.S. dollars
Millions of yen
2015
2014
2015
¥210,995
¥197,495
$1,755,804
175,544
7,333
182,877
28,118
167,922
6,510
174,433
23,062
1,460,797
61,022
1,521,819
233,985
Non-operating income:
Interest income
Dividend received
Gain on sales of non-current assets
Other
Total non-operating income
50
564
167
534
1,316
21
499
145
478
1,145
416
4,693
1,390
4,444
10,951
Non-operating expenses:
Interest expenses
Other
Total non-operating expenses
Recurring profit
6,576
857
7,433
22,001
6,849
459
7,308
16,899
54,722
7,132
61,854
183,082
1,530
298
492
2,322
1,161
—
330
1,491
12,732
2,480
4,094
19,323
Extraordinary losses:
Reduction entry of land contribution for construction
Loss on disposal of fixed assets
Loss on impairment of fixed assets
Provision of allowance for doubtful accounts
Other
Total extraordinary losses
Income before income taxes and minority interests
1,475
462
1,814
—
751
4,503
19,819
1,134
526
201
135
375
2,373
16,016
12,274
3,845
15,095
—
6,249
37,472
164,925
Income taxes:
Current
Deferred
Total income taxes
6,556
(4,816)
1,739
4,623
1,556
6,180
54,556
(40,077)
14,471
18,080
612
¥ 17,467
9,836
220
¥ 9,615
150,454
5,093
$ 145,352
Years ended March 31, 2015 and 2014
Revenues from operations
Operating expenses:
Cost of revenues from operations
Selling, general and administrative expenses
Total operating expenses
Operating income
Extraordinary gains:
Subsidies received for construction works
Gain on sale of fixed assets
Other
Total extraordinary gains
Income before minority interests
Minority interests in income
Net income
Consolidated Statements of Comprehensive Income
Thousands of
U.S. dollars
Millions of yen
2015
Income before minority interests
Other comprehensive income:
Valuation difference on available-for-sale securities
Deferred losses on hedges
Reserve for land revaluation
Remeasurement of defined benefit plans
Other comprehensive income
Comprehensive income:
Comprehensive income attributable to
Owners of the parent
Minority interests
2014
2015
¥18,080
¥ 9,836
$150,454
3,687
(0)
2,229
1,192
7,109
25,190
813
0
(6)
—
808
10,644
30,682
(0)
18,549
9,919
59,158
209,620
24,515
674
10,401
242
204,003
5,609
21
Consolidated Statements of Changes in Net Assets
Millions of yen
Balance at April 1, 2013
Changes during the year:
Cash dividends
Net income
Reversal of reserve for land revaluation
Purchase of treasury stock
Disposal of treasury stock
Net changes in items
other than shareholders’ equity
Total changes during the year
Balance at March 31, 2014
Cumulative effects of changes in
accounting policies
Restated balance at the beginning of
current period
Issuance of new shares
Cash dividends
Net income
Net changes in items other than
shareholders’ equity
Common
stock
Capital
surplus
Retained
earnings
¥ 63,739 ¥ 18,471
Unrealized
gain on Deferred
Accumulated
Treasury available- gain (loss) Reserve Remeasurements
other
stock,
for-sale on hedging for land
of defined comprehensive Minority
at cost securities derivatives revaluation benefit plans
income
interests
¥ 27,313 ¥ (1,325) ¥ 3,967
¥ (0) ¥ 28,234
¥ —
¥ 32,200 ¥ 2,777
(2,613)
9,615
(293)
—
63,739
0
18,471
6,708
34,021
(51)
(1,377)
792
792
4,759
0
0
0
286
286
28,521
875
875
875
1,955
1,955
34,155
120
63,739
18,471
9,244
9,244
34,142
(1,377)
4,759
0
28,521
875
34,155
251
251
3,029
2,206
8,863
152,039
1
122
3,030
152,162
18,489
(2,612)
17,467
(2,943)
(39)
1,754
(2,612)
17,467
(2,943)
(39)
1,383
371
9,244
9,616
¥72,983 ¥28,087
¥ 143,176
(2,613)
9,615
(293)
(54)
3
(54)
2
0
Total
net assets
3,635
11,911
1,343 3,635
¥46,053 ¥ (34) ¥8,395
(0)
5,173
(0)
5,173
¥— ¥33,694
1,182
1,182
¥2,058
9,991 5,722
9,991 5,722
¥44,147 ¥8,752
15,713
47,829
¥199,991
Thousands of U.S. dollars
Common
stock
Capital
surplus
Retained
earnings
Unrealized
gain on Deferred
Accumulated
Treasury available- gain (loss) Reserve Remeasurements
other
stock,
for-sale on hedging for land
of defined comprehensive Minority
at cost securities derivatives revaluation benefit plans
income
interests
Balance at April 1, 2014
$ 530,407 $ 153,707 $ 283,107 $ (11,459) $ 39,602
Cumulative effects of changes in
accounting policies
999
Restated balance at the beginning of
current period
530,407 153,707 284,114 (11,459) 39,602
76,924 76,924
Issuance of new shares
Cash dividends
(21,736)
Net income
145,352
(24,490)
(325)
3,087
11,509
Net changes in items other than
shareholders’ equity
30,249
76,924 80,020 99,118 11,176 30,249
$607,331 $233,727 $383,232 $ (283) $69,859
$ (0) $ 237,339
0 237,339
$ 7,281
7,281
Total
net assets
$ 284,222 $ 25,206 $ 1,265,199
8
1,015
284,222 25,214
1,266,223
153,857
(21,736)
145,352
(24,490)
(325)
14,596
(0) 43,047
(0) 43,047
$— $280,386
9,836
9,836
$17,126
83,141 47,616
130,756
83,141 47,616
398,011
$367,371 $72,830 $1,664,234
22
Consolidated Statements of Cash Flows
Thousands of
U.S. dollars
Millions of yen
2015
Cash flows from operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Loss on impairment of fixed assets
Amortization of goodwill
Increase (decrease) in accrued employees’ bonuses
Increase (decrease) in provision for loss related to reconstruction
Increase (decrease) in reserve for employees’ retirement benefits
Increase (decrease) in net defined benefit liability
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expense
Loss on disposal of fixed assets
Reduction entry of land contribution for construction
Subsidies received for construction works
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Loss on valuation of inventories
Increase (decrease) in consumption taxes payable
Other
Subtotal
Interest and dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities
2014
2015
¥ 19,819
23,699
1,814
289
221
(81)
—
(109)
(420)
(615)
6,576
850
1,475
(1,530)
3,022
(2,784)
458
824
1,633
(68)
55,074
604
(6,801)
(5,864)
43,013
¥ 16,016
20,540
201
29
21
151
(13,398)
13,347
118
(521)
6,849
830
1,134
(1,161)
(7,081)
1,442
684
1,300
236
(1,505)
39,235
523
(7,107)
(5,193)
27,459
$ 164,925
197,212
15,095
2,405
1,839
(674)
—
(907)
(3,495)
(5,118)
54,722
7,073
12,274
(14,866)
25,148
(23,167)
3,811
6,857
13,589
(566)
458,301
5,026
(56,595)
(48,798)
357,935
1,000
(29,399)
704
7,005
(238)
312
(240)
—
(22,724)
591
6,122
(521)
2
—
8,322
(244,645)
5,858
58,292
(1,981)
2,596
(1,997)
Cash flows from investing activities:
Proceeds from securities
Purchases of fixed assets
Proceeds from sale of fixed assets
Proceeds from subsidies received for construction works
Purchases of investment securities
Proceeds from sales and redemption of investment securities
Purchases of investments in subsidiaries
Expenses for acquiring subsidiary shares in accordance with
the change of scope of consolidation
Proceeds from purchase of investments in subsidiaries resulting in
change in scope of consolidation
Decrease (increase) in short-term loans receivable
Long-term loans advanced
Proceeds from collection of long-term loans
Other
Net cash used in investing activities
(69,493)
(1,156)
(578,289)
—
0
(12)
21
22
(90,315)
56
5
(6)
8
(55)
(17,675)
—
0
(100)
175
183
(751,560)
Cash flows from financing activities:
Net increase (decrease) in short-term borrowings
Proceeds from long-term debt
Repayment of long-term debt
Proceeds from bonds issued
Redemption of bonds
Proceeds from shares issued
Proceeds from retirement of treasury stock
Cash dividends paid
Other
Net cash used in financing activities
1,580
97,098
(59,318)
19,874
(25,000)
18,394
1,754
(2,603)
(275)
51,503
11,594
45,314
(63,841)
—
(10,000)
—
3
(2,600)
(248)
(19,779)
13,148
808,005
(493,617)
165,382
(208,039)
153,066
14,596
(21,661)
(2,288)
428,585
4,200
16,959
¥ 21,160
(9,996)
26,955
¥ 16,959
34,950
141,125
$ 176,084
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Notes:1.Amounts of less than one million yen have been rounded down.
23
Cor p o rate Gu i d e
The Nankai Group at a Glance
The Nankai Group is one of the major railway operators in Japan,
and a commercial developer based in the southern Osaka area. The
prosperity of this area was formerly based on textile industries. Now,
it is being revitalized with the development of advanced distribution facilities.
The Nankai Group’s businesses fall into six segments:
Transportation, Real Estate, Retail, Leisure and Services, Construction,
and Other. We are developing our business in each of these
segments by pursuing greater efficiency and the expansion and
growth of business.
The main pillars of our operations are the railway business and
our real estate operations: rental businesses around the Namba
terminal area, one of the two major railway terminals in Osaka, and
residential development projects in the southern Osaka area.
As of March 31, 2015
34
Transportation
Railways
Amusement
Travel
Hotels
Rental of Motorboat Racing Facilities
Building Maintenance
Printing
Ad Agency
Tramway
Hankai Tramway
Buses
Nankai Bus
Wakayama Bus
KANSAI AIRPORT TRANSPORTATION ENTERPRISE
Kumano Kotsu
Tokushima Bus
Ferries
Nankai Ferry
Southern Transport Services
Freight Transportation
Nankai Express
Rolling Stock Maintenance Nankai Vehicles Service Engineering
22 Other Companies
Rentals
Sales
Companies
NANKAI TRAVEL INTERNATIONAL
Hotel Nakanoshima
Suminoe Kougyou
Nankai Building Service
Nankai Insatsu
ADvertising NANKAI
19 Other Companies
6
Construction
Construction
4
Real Estate
26
Companies
Companies
Nankai Fudosan
Companies
Nankai Tatsumura Construction
Nichidensyokai
4 Other Companies
4
Other
Information System
1 Other Company
Companies
Nankai Management Service
3 Other Companies
11
Retail
Companies
Management of
Shopping Centers
Station Premises Business Nankai Shoji
9 Other Companies
Directors and Corporate Auditors
Chairman of the Board of Directors
Executive Director
Director
Standing Corporate Auditor
President and CEO
(Representative Director)
Executive Director
Outside Director
Standing Corporate Auditor
Director
Outside Director
Corporate Auditor
Director
Outside Director
Corporate Auditor
Makoto Yamanaka
Teruhiko Achikita
Executive Director
(Representative Director)
Tetsuro Kanamori
Executive Director
Toshiyuki Takagi
Katsuya Kanehara
Koyo Uraji
Keiichi Iwai
Mitsuaki Naito
Tsutomu Inoue
Ichiro Masukura
Shigeru Sakata
Hitoshi Murakami
Director
Takaichi Fujita
Masafumi Katsuyama
Masayuki Oku
Kozo Arao
Corporate Auditor
Naoto Ashibe
Koji Aiba
24
I n vest o r Inf o rm a t io n
Company Name
Nankai Electric Railway Co., Ltd.
Founded
December 27, 1885
Registered Head Office
5-1-60, Namba, Chuo-ku, Osaka 542-8503, Japan
Head Office
2-1-41, Shikitsuhigashi, Naniwa-ku, Osaka 556-8503, Japan
Tokyo Office
Nankai Tokyo Bldg. 8F 5-15-1, Ginza, Chuo-ku, Tokyo 104-0061, Japan
Wakayama Office
Nankai Wakayama Bldg. 4F 3-6, Higashikuramae-cho, Wakayama 640-8203, Japan
Paid-In Capital
¥72,983 million
Issued Shares
567,012,232
Number of Shareholders
55,263
Stock Exchange Listing
Tokyo
Major Shareholders (as of March 31, 2015)
Number of Shares Held
(Thousands)
Voting Rights (%)
Japan Trustee Services Bank, Ltd. (Trust account)
31,252
5.51
Nippon Life Insurance Company
Name
13,803
2.43
The Master Trust Bank of Japan, Ltd. (Trust account)
9,759
1.72
The Senshu Ikeda Bank, Ltd.
7,945
1.40
The Sumitomo Mitsui Trust & Banking Co., Ltd.
7,580
1.33
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
7,368
1.29
Sumitomo Mitsui Banking Corporation
7,147
1.26
Takashimaya Company, Ltd.
5,035
0.88
The Kiyo Bank, Ltd.
5,005
0.88
Japan Trustee Services Bank, Ltd. (Trust account 5)
4,663
0.82
Stock Price
Stock Price (left scale)
(Yen)
700
Volume (lower scale)
Nikkei Average (right scale)
(Yen)
20,000
600
16,000
500
12,000
400
8,000
300
(Thousands of shares)
100,000
4,000
50,000
0
4
5
6
7
8
9
10
11
12
1
2
3
4
2013
5
6
7
8
2014
25
9
10
11
12
1
2
2015
3
Rou te M ap
Osaka (Umeda)
Nankai Line
Koya Line
Airport Line
Nankai Ferry Route
JR
Semboku Line
Lines Owned by
Other Companies
Namba
Tennoji
Shin Imamiya
Tengachaya
Nankai Building
Sakaihigashi
Nakamozu
Sakai
Osaka Bay
Awaji Island
Izumigaoka
Nankai Line
Kansai
International
Airport
Kansai International Airport
Courtesy of Kansai International Airport
Land Development Co., Ltd.
Airport Line
Koya
Line
Semboku
Line
Izumi-chuo
Izumisano
Rinku
Town
Misaki Park
Rinkan
Den-entoshi
Osaka Prefecture
Wakayama Prefecture
Hashimoto
Tokushima
Prefecture
Wakayamashi
Wakayama
Nankai
Shikoku Route
Koya-san
The World Heritage Site
Koya-san
Wakayama Castle
Koya-san
26
Nankai Electric Railway Co., Ltd.
2-1-41, Shikitsuhigashi, Naniwa-ku, Osaka 556-8503, JAPAN
http://howto-osaka.com
Cover: Nankai Building

Nankai Electric Railway

Transcription

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