Enhancing Namba’s appeal

「The Group is working to enhance the value of railway corridors and promote the development of attractive communities that continue to be chosen by people from Japan and overseas, including through the realization of the “Greater Namba Initiative.”」

「In the Namba area, we advanced the (tentative name) Namba Sennichimae Site Redevelopment Project to improve circulation with surrounding areas and strengthen the area's hub functions.」

「Namba area development project: ¥10.4 billion」

「In the Namba area, we grand-opened the new Namba Parks South district last July, which we had been developing to improve circulation to the south and attract new functions. In November last year, we also launched a pilot project at Namba Hiroba in front of Namba Station, which had begun operations, as part of the Namba Station Area Spatial Reorganization Promotion Project, pursued in cooperation with Osaka City and local stakeholders.」

「In the Namba area, within the development zone of the Nambanaka 2-chome Development Plan, newly named Namba Parks South, we began operations at the office building Parks South Square in March this year, and a business hotel opened ahead of schedule.」

「In the Namba area, we advanced the Nambanaka 2-chome Development Plan, centered on the construction of hotels and office buildings, with the aim of improving circulation south of Namba Parks and enhancing urban functions. We also opened the e-sports experience showroom e Stadium Namba Powered by NANKAI at Namba SkyO last July as part of our efforts to develop the area around the themes of culture and entertainment.」

「In the operation of shopping centers, we renewed Namba Parks in March this year and attracted new tenants, including stores making their first entry into a commercial facility. At Parks Garden, we also worked to maintain and increase existing customers' visit frequency and attract new customers by adding a new wooden-deck area and increasing Wi-Fi access points so that nearby office workers could also use the facility.」

「Even after the opening of Namba SkyO, we will work to enhance the area around the Nankai terminal buildings centered on Namba Station by acquiring new properties in the Namba area and renovating existing properties.」

「Although Namba SkyO, which opened last October in the real estate leasing business, contributed」

「In the real estate leasing business, we opened Namba SkyO last October, featuring high-function, large-scale office and commercial facilities, as well as a large clinic providing advanced and preventive medical care and an urban convention hall. We also worked to maintain and improve occupancy rates at properties along our railway lines, including Parks Tower, and at facilities in the Higashi-Osaka and Kita-Osaka Distribution Centers.」

「Under assets, total assets increased by ¥17.426 billion from the end of the previous consolidated fiscal year to ¥919.472 billion, mainly because property, plant and equipment, including Namba SkyO, increased.」

「Even after the opening of Namba SkyO, we will work to enhance the area around the Nankai terminal buildings centered on Namba Station by acquiring new properties in the Namba area and renovating existing properties.」

「In the operation of shopping centers, we opened the Phase 4 area of the Namba EKIKAN Project and worked to maintain and enhance freshness and appeal by, among other measures, replacing tenants at Namba Parks, Namba CITY and other facilities.」

「With completion of Namba SkyO targeted for September this year, we will steadily advance its construction as a key project for revitalizing Namba, while highlighting the convenience of its direct connection to the Namba terminal, which offers excellent access to destinations in Japan and overseas, and focusing on attracting tenants to the commercial and service floors on the lower levels and the office floors on the middle and upper levels. We will also work to enhance the appeal of the area and differentiate it from competing areas by implementing measures to maintain the freshness and further enhance the appeal of Namba CITY and Namba Parks, and by strengthening cooperation with other businesses in the Namba area.」

「Under assets, total assets increased by ¥6.689 billion from the end of the previous consolidated fiscal year to ¥897.487 billion, mainly because property, plant and equipment increased as work progressed on the redevelopment of the Nankai Kaikan Building and other projects.」

「To make the New Nankai Kaikan Building (tentative name) a new core facility for the Namba area, equipped with a range of services to meet diverse needs, including business center functions compliant with the highest-level BCP (business continuity plan), inbound visitor services, MICE (※), and advanced and preventive medical care, we will steadily proceed with construction and tenant recruitment, targeting completion in September 2018.」

「In the operation of shopping centers, we advanced the commercial facility development plan, the Namba EKIKAN (Ekikan) Project, on part of the railway viaduct between Namba Station and Imamiyaebisu Station in April this year, opening the Phase 3 area. We also completed the largest-scale renewal since opening at the Namba CITY South Building, which had been under way since the previous fiscal year, and worked to enhance the appeal of the Namba area.」

「In the operation of shopping centers, we advanced the commercial facility development plan, the Namba EKIKAN (Ekikan) Project, on part of the railway viaduct between Namba Station and Imamiyaebisu Station, opening the Phase 3 area on 15 April this year. We also completed the largest-scale renewal since opening at the Namba CITY South Building on 28 April, and worked to enhance the appeal of the Namba area.」

「With the aim of fully unlocking the potential of the Namba area, we will advance the Nankai Kaikan Building redevelopment plan. To make the New Nankai Kaikan Building (tentative name) a new core facility for the Namba area, equipped with a range of services to meet diverse needs, including business center functions compliant with the highest-level BCP (business continuity plan), inbound visitor services, MICE (※), and advanced and preventive medical care, we will steadily proceed with construction and tenant recruitment, targeting completion in September 2018.」