Thank you for your continued understanding and support of Keikyu Corporation and the Keikyu Group.

The Keikyu Group’s 20th Integrated Management Plan, launched in FY2024, is now in its final year. Guided by the Lineside Value Co-Creation Strategy, we have worked together across the Group to advance mutual value co-creation with a wide range of partners, including local businesses and governments. This strategy supports our Long-Term Vision: “Achieve the sustainable development of areas along our railway lines by creating an upward spiral of mutual value co-creation between the mobility platform and the community creation platform.”

In FY2026, we are targeting operating profit of 45.0 billion yen and ROE of 8% or more. We will expand real estate securitization, including the launch of a REIT, to unlock the value of our real estate holdings and fund new growth investments, thereby strengthening our real estate business. We will also improve capital efficiency across all our businesses and enhance shareholder returns to increase corporate value sustainably. Over the long term, we aim to achieve ROE of 10% or more. We will continue our dialogue with capital markets and incorporate what we learn into management as we pursue further growth.

We believe that unlocking the potential of areas with diverse characteristics—including Shinagawa and Haneda, the Keihin waterfront area, and the Miura Peninsula—will enhance the value of each area and, in turn, support the Keikyu Group’s sustainable growth and value creation. To achieve this, we will listen carefully to our customers, respond to their needs, and quickly turn their feedback into action. Through these efforts, we aim to make the communities along our railway lines places that people continue to choose.

Construction of the Takanawa 3-chome Development, located at the west exit of Shinagawa Station, began in May 2025. This is the largest project in our history, and we will move it forward steadily. We will extend its benefits beyond the area around Shinagawa Station to create value throughout the areas along our railway lines. In doing so, we will ensure that the project contributes to the Keikyu Group’s medium- to long-term growth and increased corporate value.

The Keikyu Group will continue to put safety first and strive to be a corporate group that is trusted and valued by all stakeholders, including customers, shareholders, investors, and local communities. We sincerely appreciate your continued support.