Thursday, Nov 23, 2017
NANKAI ELECTRIC RAILWAY CO.,LTD


Vision/Mission

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

 

Business Description

The Nankai Group is one of the major railway oper­ators in Japan, and a commercial developer based in the southern Osaka area.

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.

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
Stock Exchange Listing :Tokyo
Managed track: 154.8 km
Rolling Stock: 688

Namba Area

Increase the drawing power of the Namba area business The rebuilding to make the New Nankai Kaikan Building (working name), which will feature direct connection with the Namba terminal, will provide earthquake resistance and business continuity planning (BCP) functions that meet the highest standards. In addition, a new core of urban functions that can respond to diverse needs, including inbound travel, MICE* and advanced and preventive medicine, will be born in the Namba area. Moreover, we are seeking to further enhance the appeal of the Namba area and differentiate it from competitor areas through the renewal of Namba CITY and Namba PARKS and by advancing community-building activities in cooperation with the area, for example.

*MICE (meetings, incentives, conventions and exhibitions): general term for business events, for example, that can be expected to attract numerous hospitality customers

 

Background

Company Name :Nankai Electric Railway Co., Ltd.

Founded:December 27, 1885

Founded in 1885, the Nankai Electric Railway Co., Ltd. was the first railway company in Japan to be established purely by private capital. It currently operates three main lines from its landmark terminal in Namba, Osaka: the Nankai Line to Wakayama, the Koya Line to the Koyasan (Mount Koya) World Heritage Site and a line running to the Kansai International Airport.

 

Products/Services

Transportation

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.

With a total of eight main and branch lines, we operate a total track length of 154.8 km.

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.

Ferry Operations

We provide convenient ferry connections between Kansai and Shikoku, through services linking Wakayama with Tokushima, the nearest major port on the island.

Real Estate

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.

Sales

The main focus of the Group’s real estate sales business is large-scale residential projects. We are developing large-scale, line-side residential zones and single-family home subdivisions in Nankai Hashimoto Rinkan Den-entoshi in Wakayama Prefecture and Nankai Kumatori Tsubasagaoka in Osaka Prefecture.

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.

Distribution business

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 PARKS

NAMBA PARKS Shops&Diners, which opened for business in 2007, is a shopping complex comprising some 254 fashion, home appliance 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. Parks Garden offers a restful space as an urban oasis to shoppers and other visitors.

NAMBA CITY

NAMBA CITY is one of Osaka’s leading shopping malls, with about 260 famous specialty shops located on the seven floors of the Main and South buildings. The mall has a prime location, directly connected to Nankai Namba Station

THE Other

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.

The Construction segment comprises the construction and maintenance of apart­ment buildings and residential and other facilities. The Other segment includes the Information System business.

 

Markets

Transportation Business

We provide public transportation services that are rooted in communities and provide high levels of convenience.

Transportation business is, needless to say, the core business of our corporate group. Within the group, 34 companies provide railway, tramway, bus, marine transport, freight shipment, rolling stock maintenance and other transportation and shipping services with high levels of public access. We strive every single day to fulfill the most important mission of our company, which is to provide transportation that is safe and assures peace of mind. By doing so, we are gaining the trust of the communities along our lines and customers from Japan and abroad.

Real estate business

We are contributing to the utilization of company-owned property and the invigoration of areas along our train lines as we advance comprehensive community development.

Our corporate group is broadly undertaking real estate leasing, including commercial and office buildings, and the sale of real estate, including large-scale residential land development and condominium sales, particularly along Nankai train lines.

We are contributing to the creation of more appealing living environments for customers along our train lines in order to increase value along these lines.

Distribution business

We are developing diverse commercial facilities to strengthen customer appeal by improving the attractiveness of our train lines.

Eleven of our group companies are advancing a wide range of highly-focused shopping centers, convenience stores, dining and drinking establishments and retail shops, centered on our train lines. We are contributing to the invigoration of neighborhoods near our train lines by developing shops with great appeal, which are indispensable for making areas around stations lively.

 

Financial Projection

“SHINTEN 133 Plan”

Final year (fiscal 2017) numerical targets

Consolidated operating income: 33 billion yen

The Ratio of Interest-Bearing Debt to EBITDA*: 7 or higher

* EBITDA (earnings before interest, taxes, depreciation and amortization)

= Operating Income + Depreciation and Amortization

 

Company Goals & Objectives

Key focus

1.Create attractive areas along our railway lines

We will create attractive areas along our railway lines by making features that encourage many customers to explore areas along the lines and by expanding services related to daily life, for example.

2. Strengthen group business foundations

Invest money and human resources in future growth fields and cultivate these as future core business areas while undertaking measures to eliminate unprofitable businesses.

We will consider cash flow, in particular, as we continue to implement thorough investment and income and expenditure plans. Moreover, we will actively cultivate and utilize the core

personnel who drive the growth of the Group and the diverse personnel who will be responsible for creating new value.

 

Management

Directors

Chairman of the Board of Director: Makoto Yamanaka

President and CEO (Representative Director): Teruhiko Achikita

Executive Director (Representative Director): Tetsuro Kanamori

 

Employees

No. of Employees: 2,567 (head corporation)

8,853 (all group companies)

 

Highlights

HISTORY

Nankai Electric Railway Co.,Ltd. started operations in 1885 as Japan’s first true private-sector line.

1885
Hankai Railway Co.,Ltd.(Predecessor to Nankai Electric Railway Co.,Ltd.)opens line between Namba and Yamatogawa.(7.6km)

1903
Line between Namba and Wakayamashi opens.(Nankai Line)

1925
Line between Shiomibashi and Koyashita opens.(Koya Line)

1930
Line between Koyashita and Gokurakubashi, Gokurakubashi and Koyasan(Cable Railway)open.

1994
Line between Izumisano and KANSAI-AIRPORT opens.

 

Other Notes

CSR Initiatives

Improving Safety

The Company regards the rigorous provision of safety and reliabil­ity in our Nankai railway and all other businesses as its topmost priority in earning the full trust of the communities we serve and offering customers the best possible services. In the Nankai rail­way business, in addition to creating a Safety Policy 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.

Safety Policy

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

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)

Environmental Initiatives

In its management policies, the Nankai Group places an emphasis on the environment, and together, our Group companies are working to achieve the goals of the Nankai Group Environmental Principles. These efforts include promoting environmentally friendly business practices, cooperating and communicating with local communities, offering information related to environmental management, and enhancing our structure for promoting environmental management.

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

In March 2010, we acquired ISO 14001 certification for the Chiyoda Workshops. Then, in March 2012, we acquired ISO 14001 certification for the Nankai Headquarters.

We are also working aggressively to reduce CO2 emissions. By introducing energy-saving vehicles and through energy conserva­tion in office buildings and other measures, we succeeded in significantly exceeding our target for reducing CO2 emissions for the four year period between fiscal 2011 and fiscal 2014. For many years, we have also cultivated forestland through our Nankai no Mori project, and as part of our carbon offset efforts, in 2013 we obtained certification from the Ministry of the Environment for offset credits (J-VER) based on the amount of CO2 absorbed through that forestland.

Through cooperation with municipal governments and others along our railway lines, including the signing of a Green Partner Accord with Osaka Prefecture in 2009, we hold a variety of citizen participation type environmental events, and work together with our communities to carry out local environmental preservation activities.

Compliance

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.

Code of Business Ethics

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


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