- Business
- Tokyu Corporation (TOKUY), founded in 1922 and headquartered in Shibuya-ku, Tokyo, operates as a regional conglomerate focused on urban and community development along its railway lines in the Greater Tokyo area, including transportation; real estate sales, leasing, and management; life services such as retail through department stores including Tokyu Department Store, supermarkets via Tokyu Store Chain, shopping centers like Tokyu Malls Development and Minami-machida Grandberry Park, credit cards via Tokyu Card, and ICT/media including cable TV, advertising through Tokyu Agency, and entertainment such as SHIBUYA109 and cinema complexes; and hotels/resorts encompassing 61 hotels with approximately 12,000 rooms under Tokyu Hotels & Resorts and six golf courses. The company manages railway operations primarily through Tokyu Railways across nine lines totaling 110.7 km with 1,084 million annual passengers, bus services via Tokyu Bus carrying 140 million passengers yearly, and airport management at facilities including Sendai International Airport, seven Hokkaido airports, Mt. Fuji Shizuoka Airport, and Hiroshima International Airport; real estate activities feature office leasing with low vacancy rates in Shibuya properties like SHIBUYA SCRAMBLE SQUARE, Shibuya Hikarie, and Cerulean Tower, commercial facilities such as Futako Tamagawa Rise and Queen's Square Yokohama, residential sales of condominiums under the DRESSER series and detached houses via the NEUE series, and property management for rental housing and parking; it also conducts overseas operations in Vietnam through urban development projects like Tokyu Garden City in Binh Duong New City including SORA Gardens SC and bus services, Thailand with residential sales and rentals in Bangkok and Sriracha, and Australia via land development in Yanchep District. Geographically, Tokyu concentrates approximately 70% of assets in Shibuya and areas served by its lines spanning 17 municipalities with 5.54 million residents at high density, extending domestically to Hokkaido, Izu, Nagano, and airport sites, alongside international expansion. Recent developments include the opening of SHIBUYA AXSH in July 2024, Tokyu Kabukicho Tower in April 2023, and the Tokyu Shin-Yokohama Line in March 2023 to enhance connectivity; bus fare revisions in March 2024 after 27 years to ensure service stability amid labor shortages; ongoing Shibuya Station redevelopment with Central and West buildings of SHIBUYA SCRAMBLE SQUARE slated for fiscal 2027 completion; and capital investments in railway safety enhancements like 3D level crossing detectors, large-scale storage batteries for disaster resilience and decarbonization, and new Oimachi Line rolling stock, alongside sustained population growth in core areas projected through fiscal 2040.