Tokyu Corporation Explained

Tokyu Corporation
Former Name:東京急行電鉄株式会社
Tōkyō Kyūkō Dentetsu KK (1 May 1942-1 Sep 2019)
Native Name:東急株式会社
Native Name Lang:ja
Romanized Name:Tōkyū kabushiki-gaisha
Type:Public (Kabushiki gaisha)
Trade Name:Tokyu, Tōkyū Dentetsu, Tōkyō Kyūkō (before 2006), TKK (from Tokyo Kyuko Kabushikigaisha)
Traded As:
Foundation: (as Musashi Electric Railway Company; renamed Tokyo-Yokohama Electric Railway in)
(Meguro-Kamata Electric Railway)
(current iteration of company)
Renamed Tokyu in
Founder:Keita Goto
Location City:5-6 Nanpeidaichō, Shibuya-ku, Tokyo
Location Country:Japan
Area Served:Tokyo and Kanagawa.
Key People:President-Director Chairperson Representative Director
Kiyobumi Kamijo Toshiaki Koshimura
Industry:Conglomerate
Services:passenger railways
other related services
Parent:Tokyu Group
Owner:MTBJ investment trusts (8.04%)
Dai-ichi Life (5.55%)
Custody Bank of Japan investment trusts (4.32%)
Nippon Life (3.89%)
SMTB (3.70%)
Tokyu Railways Company, Ltd.[1]
Native Name:東急電鉄株式会社
Native Name Lang:ja
Romanized Name:Tōkyū Dentetsu kabushiki gaisha
Type:Subsidiary
Trade Name:Tokyu, Tōkyū Dentetsu, Tōkyō Kyūkō (before 2006), TKK (from Tokyo Kyuko Kabushikigaisha)
Foundation: (incorporation)
(effective reorganization)
Founder:Keita Goto
Location:Shibuya First Place
8-16 Shinsenchō
Location City:Shibuya-ku, Tokyo
Location Country:Japan
Area Served:Tokyo and Kanagawa.
Key People:Hirofumi Nomoto (CEO)
Industry:Private railroad
Services:passenger railways
other related services
Owner:Tokyu Group
Parent:Tokyu Corporation

The, a contraction of and formerly until 2 September 2019, is a Japanese keiretsu or conglomerate headquartered in Shibuya, Tokyo. While a multinational corporation, its main operation is, a wholly-owned subsidiary operating railways in the Greater Tokyo Area.

History

The oldest predecessor of company was the , opened in 1908. The railway's operations were converted into a kabushiki gaisha (company) in 1910. Keita Gotō, now a notable Japanese industrialist, was appointed as the CEO in 1920 and he began a major expansion program.

The most important predecessor was first registered on September 2, 1922, as the and is related to the construction of Den-en-chōfu. It was originally founded by the developers of Den-en-chōfu). It was acquired by the Musashi Electric Railway in 1924, shortly before Musashi was renamed into the, also known as the Toyoko, in the same year.

After Musashi/Toyoko's acquisition, the Meguro-Kamata Electric Railway initially operated as a subsidiary of Toyoko. It was not until 16 October 1939 that both Toyoko and Meguro-Kamata Electric railways were formally merged and the new company took the Toyoko name.

In 1938, Toyoko established Toyoko Eiga, possibly for competition with Ichizo Kobayashi's Toho Company. It became the Toei Company in 1951.

Toyoko took its current name on 1 May 1942, after the Japanese government forced the company to acquire the Odawara Express Railway and the Keihin Electric Railway in 1943 to support Japan's efforts in Pacific War of World War II. In 1944 it also acquired the Keio Teito Electric Railway (which had merged with Odawara Express before in 1940).

In 1948, after the war, Tokyu divested the forced-acquired companies, and the divested companies are now known as Odakyu Electric Railway, Keikyu Corporation, and Keio Corporation respectively. The 1943–48 era of Tokyu was colloquially known as Dai-Tokyu (lit. Great Tokyu).

Tokyu lines

LineSymbolRouteLength (km)Stations Year opened Max speed (km/h)
Tōyoko Line  - 24.2211926110
Meguro Line  - 11.9131923110
Den-en-toshi Line  - 31.5271907110
Ōimachi Line  - 10.416192785
Ikegami Line  - 10.915192280
Setagaya Line  - 5.010192540
Tōkyū Tamagawa Line  - 5.67200080
Tōkyū Shin-yokohama Line  - 5.832023
Total (8 lines)105.396
Tokyu also operates the Kodomonokuni Line (Nagatsuta StationKodomonokuni Station, 3.4 km) under contract with and on behalf of Yokohama Minatomirai Railway Company.

Related businesses

The Tokyu Group also owns two smaller railroad companies, Ueda Kōtsū and Izukyū Corporation; several bus companies; and a major upscale department store chain, the Tokyu Department Store operating in Japan and the MBK Center in Bangkok, Thailand. Other retail operations include Tokyu Hands stores (except for the two locations in Nagoya, which are owned by Sanco Creative Life Co., indirectly controlled by Kintetsu Group Holdings, and operated under license). It also runs a number of hotels under the names Tokyu/Pan Pacific in Japan and formerly owned the Pan Pacific Hotels abroad, which it sold to UOL Limited of Singapore.

Formerly the owner of Japan Air System (JAS), Tokyu used to be the largest shareholder of Japan Airlines Holdings (JAL) following JAS's merger with JAL. The Tokyu Group also owns and operates the upscale Tokyu Hotels and budget Tokyu Inns.

From 1958 until 2001, Tokyu also owned the Japanese (now American) Shirokiya department store company. It was the owner of Mago Island until 2005, when Mel Gibson purchased it for US$15 million.[2]

Tokyu Corporation is also the largest single shareholder in the Shizuoka Railway Company, but its holdings in the railway are not part of the group.

Rolling stock

New Tokyu 2020 series ten-car EMUs and Tokyu 6020 series seven-car EMUs have entered service since early 2018.[3] [4]

See also

External links

Notes and References

  1. Web site: Company Profile|Company Outline|Tokyu Railways. 東急電鉄. 2020-05-22.
  2. News: Mel Gibson buys Fijian island. Los Angeles Times. 3 March 2005. 1 June 2024.
  3. Web site: http://news.mynavi.jp/news/2017/03/17/329/ . Daisuke . Ueshin . ja: 東急田園都市線2020系、新型車両は「これまでにない新しさ」2018年春導入へ . New Tokyu Denentoshi Line 2020 series trains to be introduced in spring 2018. 17 March 2017. Mynavi News . Japan. ja. https://web.archive.org/web/20170319050655/http://news.mynavi.jp/news/2017/03/17/329/ . 19 March 2017 . live . 22 March 2017.
  4. Web site: http://news.mynavi.jp/news/2017/10/12/157/ . Daisuke . Ueshin . ja: 東急大井町線、新型車両6020系を来春導入! 急行を7両編成化、3月ダイヤ改正 . New Tokyu Omimachi Line 6020 series trains to be introduced next spring - express services to be lengthened to 7 cars by March timetable revision. 12 October 2017. Mynavi News . Japan. ja. https://web.archive.org/web/20171012083235/http://news.mynavi.jp/news/2017/10/12/157/ . 12 October 2017 . live . 12 October 2017.