- CEO
- Masahiro Horie
- Full Time Employees
- 23,583
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- Address
- 5-6 Nampeidai-cho Tokyo Japan 150-8511
- IPO Date
- Feb 13, 2009
- Business
- Tokyu Corporation (9005:JP), headquartered in Shibuya-ku, Tokyo, and founded on September 2, 1922, operates as a diversified urban development company primarily focused on transportation, real estate, life services, and hotels and resorts along its railway lines in the greater Tokyo area, including parts of Kanagawa and Yokohama, as well as select international operations in Vietnam, Thailand, and Australia; the company, listed on the Tokyo Stock Exchange Prime Market, oversees 128 subsidiaries and 41 affiliates that deliver integrated services to 5.5 million residents in its core service regions. Core products and services encompass railway operations via Tokyu Railways on eight lines totaling 104.9 kilometers with 97 stations, including the Toyoko, Den-en-toshi, and Meguro lines serving commuter and non-commuter passengers; real estate leasing of premium properties like Shibuya Scramble Square, Shibuya Stream, and Futako-Tamagawa Rise featuring offices, retail, and hotels directly connected to stations; real estate sales under the DRESSER condominium brand and STYLIO rental apartments; life services through retail at Tokyu Department Store, Tokyu Store Chain supermarkets, SHIBUYA109 fashion centers, and ICT/media offerings from Tokyu Power Supply, its communications, and Tokyu Agency; bus operations via Tokyu Bus; and hotel and resort facilities managed by Tokyu Hotels including Cerulean Tower Tokyu Hotel and regional REI Hotels. Recent major changes include the additional acquisition of TOKYU REIT investment units in 2025, converting it to an equity-method affiliate and generating negative goodwill; upward revision of FY2025 forecasts in November 2025 for operating revenue to 1,085.0 billion yen and operating profit to 104.0 billion yen driven by strong hotel occupancy at 79.8% and life services growth; a 30% average reduction in student commuter pass fares effective March 15, 2025 to support families; spin-off and absorption-type merger of Tokyu Department Store operations into a new wholly-owned entity in August 2025 alongside formation of TOKYU RETAIL MANAGEMENT for integrated commercial facility management targeting 10% tenant sales growth by FY2030; establishment of the Environmental Vision 2040 with net-zero GHG emissions by 2050 and TNFD disclosures; ongoing Shibuya redevelopments like Shibuya Scramble Square Phase II (scheduled FY2027) and Shibuya Upper West Project (FY2029); and real estate sales deliveries such as 457 units in FY2024 with 258 units planned for FY2025 including DRESSER Minami-Machida Gran Villa.