Thank you very much for your understanding and support for the business activities of Keikyu Corporation and Keikyu Group.

One year has passed since the Keikyu Group 20th Integrated Management Plan began in FY2024.

Based on the “Lineside Value Co-Creation Strategy,” which was formulated to realize our Long-Term Vision of “Realize the sustainable growth of lineside areas through the upward spiral of mutual value co-creation between the mobility and community creation platforms,” the Keikyu Group will work to “Create new value through businesses that support urban lifestyles” by promoting “Mutual value co-creation” with various partners, including local businesses and governments, etc., with the aim of becoming a lineside that continues to be chosen by customers in the future.

Additionally, we updated the content of our management plan in May 2025 based on performance trends exceeding initial expectations and dialogue with capital markets. We will strengthen our real estate business by leveraging the value of our long-established real estate portfolio for new growth investments, while reviewing our capital policy and returning value to our shareholders. By doing so, we aim to achieve operating profit of 45 billion yen, including gain on sales from real estate securitization, and an ROE of at least 8% by FY2026, sustainably achieving these targets and aiming for an ROE of at least 10% in the long term.

In May 2025, construction will finally begin on the Takanawa 3-chome development at the west exit of Shinagawa Station. We will steadily execute this project, the largest in our company's history, to not only develop a community around Shinagawa Station, but also to co-create value in lineside areas near our railways and contribute to further development of our company.

We are prioritizing safety and aiming to be a corporate group that is always cherished by our customers, shareholders, and local people. We appreciate your continued support.