Masahiro Horie

TOKYU CORPORATION is primarily engaged in the real estate and railway businesses. The Transportation segment involves in the operation of railways and provision of bus transportation services, the operation of airports, as well as the railway related businesses. The Real Estate segment involves in the sale of housing, the management, leasing and brokerage of real estate. The Leisure Service segment in engaged in the operation of grocery shopping, chain stores, credit cards business, cable television and various advertising agency businesses. The Hotel and Resort segment is engaged in the hotel business and operation of golf courses.