Key Station Development and Enhancing the Value of Group Assets

「Launch of the office brands "J.NODE" and "AONA"」

「In the real estate sales and leasing business, in addition to promoting businesses in Japan, we worked on the development of multifamily rental housing in Houston, Texas, in the United States, and Sydney, Australia.」

「In the real estate sales and leasing business, the office business at Inogate Osaka commenced operations, while the Group also pursued the development of multifamily rental housing in Florida, USA, as its first joint project with a local US developer.」

「In addition, JR西日本不動産マネジメント㈱ was established in October to strengthen real estate management and operations.」

「In addition, the shared office Work PLACE COCOLO was opened in stages (from July), and the DISCOVERY coworking space was opened at VIERA Kokura (February).」

「In March, we opened Eki Marché Shin-Osaka Sotoe, a new commercial facility outside the ticket gates at Shin-Osaka Station.」

「At shopping centers, we carried out a renewal opening in part of Kanazawa Hyakubangai in June, and completed the renewal of Sun Station Okayama in September.」

「At shopping centers, we carried out renewal openings in parts of Sun Station Okayama and Kanazawa Hyakubangai from May through June.」

「In October, the EkiE commercial facility at Hiroshima Station held its grand opening, and in November we opened the Koshienguchi Green Place shopping center in a location outside the station.」

「In May, through a joint project with Hanshin Electric Railway Co., Ltd., we opened Fukumarudori 57, an integrated development combining a mixed-use building with a hotel and food supermarket and stores beneath the JR elevated tracks. In the same month, we opened VIERRA Ibaraki Shin-Nakajo, an integrated development combining commercial facilities such as a food supermarket, rental apartments and social apartments.」

「During the first quarter of the fiscal year, we promoted the expansion of new stores operated in partnership with Seven-Eleven Japan (SEJ) and worked to improve the profitability of existing stores. We also continued developing in-station stores and expanding stores into locations outside stations.」

「During the fiscal year, we converted or newly opened 30 stores as SEJ partner stores. In June last year, we also opened Entree Marché at Hiroshima Station, where station improvements and the development of in-station stores and other facilities are under way.」

「As a growth initiative in the retail business, since fiscal 2014 we have been converting conventional convenience stores such as Heart-in into stores operated in partnership with Seven-Eleven Japan (SEJ), while also opening new stores. During the first 9 months of the fiscal year, we converted or newly opened 23 stores. We will continue working to expand the store network through new openings.」

「During the first 6 months of the fiscal year, we converted or newly opened 11 stores. In June, we opened Entree Marché at Hiroshima Station, where station improvements and the development of a shopping center and other facilities are under way. In addition, we continued expanding stores into urban locations, opening Karafuneya CAFE at Abeno Q's Mall in July.」

「During the quarter, we converted or newly opened 6 stores. We also pursued store development in connection with station improvements and expansion into urban locations, including opening Entree Marché at Hiroshima Station, where station improvements and the development of a shopping center and other facilities are under way.」

「During the fiscal year, we converted 142 stores as planned, bringing the cumulative number of completed conversions to 335.」

「Regarding stores operated in partnership with Seven-Eleven Japan, we opened Entree Marché, a combined souvenir and Seven-Eleven store, sequentially at major stations in the Keihanshin area, including Osaka, Shin-Osaka, Sannomiya, Shin-Kobe and Himeji. A total of 119 new stores opened during the fiscal year, bringing the number of stores to 312, and sales remained steady.」

「Regarding stores operated in partnership with Seven-Eleven Japan, we opened Entree Marché, a combined souvenir and Seven-Eleven store, at major stations in the Keihanshin area. In July, we also opened the Seven-Eleven Heart-in JR Kanazawa Station store, the largest Seven-Eleven by sales floor area in the three Hokuriku prefectures. A total of 81 new stores opened during the fiscal year, bringing the number of stores to 274, and sales remained steady. In addition, for the urban expansion of restaurants, we absorbed Karafuneya Coffee Co., Ltd., which consolidated subsidiary JR West Food Service Net Co., Ltd. acquired in August last year, in June this year.」

「The number of stores operated in partnership with Seven-Eleven Japan increased by 33 to 226 during the fiscal year, and sales remained steady. In April, we opened Vierra Tsukaguchi, a station building developed as part of the redevelopment in front of JR Tsukaguchi Station. In June, we opened Suita Green Place, the first JR West Group shopping center to be developed in an urban location.」

「We will enhance lifestyle-related services, including by expanding stores operated in partnership with Seven-Eleven Japan, while increasing the value of group assets through initiatives such as core-station development.」