Respond to advances in global mobility services and cooperate with local communities to contribute to social infrastructure development

In the Automobility segment, where we develop industry-leading automotive businesses, Tokyo Century provides mobilityrelated services through its auto leasing and car rental businesses. These services play a crucial role in contributing to social infrastructure while also having material importance to supporting safety. Moreover, we are promoting the use of vehicles equipped with automated brakes and other safety features in order to contribute to the achievement of target 3.6—By 2020, halve the number of global deaths and injuries from road traffic accidents—of SDG Goal 3: Good health and well-being. In addition to these equipment-related initiatives, we are proactively offering support through software-related initiatives, namely, safe driving lessons that utilize telematics systems.

In a business environment free of regulatory constraints, Tokyo Century is branching out from leasing and financing to develop and grow unique business models based on the concept of “Finance × Services × Business Expertise” through co-creation with partners.

For example, we recognize that the revitalization of local communities through the tourism industry is an important task as the depopulation of areas outside of major urban centers becomes an increasingly serious social issue. In this regard, ANA InterContinental Beppu Resort & Spa, an establishment that Tokyo Century played a part in attracting, was opened in Beppu City, Oita Prefecture, in August 2019. This facility garnered attention as Japan’s first InterContinental resort hotel and is functioning as a piece of social infrastructure that promotes tourism and contributes to regional revitalization. Calling upon the expertise gained through this undertaking, we were able to conclude an operation subcontracting agreement with InterContinental Hotels Group PLC, based on which we opened Hotel Indigo Karuizawa—located in Karuizawa, a popular Japanese highland resort area—in spring 2022.

Tokyo Century is also involved in real estate operations in Tokyo. As part of the TOKYO TORCH redevelopment project taking place in front of the Nihonbashi exit of Tokyo Station, the Company acquired a super luxury hotel and large-scale hall to be built in Torch Tower, a building scheduled for completion in fiscal 2027, jointly with Mitsubishi Estate Co., Ltd. Together with the office section previously acquired by both parties, these assets are expected to function as important parts of social infrastructure in this urban center. In addition, the Tokyo Cross Park Vision project has been announced by a group of 10 participating companies, including Tokyo Century. This next-generation smart city project calls for the development of the area of the Uchisaiwaicho 1-chome district of Tokyo. With an aggregate floor space of 1.1 million m2, this will be one of the largest development projects in Tokyo. Connected to the 16-hectare Hibiya Park, the Tokyo Cross Park Vision project will install office buildings, commercial facilities, and residential housing while contributing to the shared goal of operating in a carbon-negative manner in order to help realize a sustainable community and society.

Furthermore, we announced a business and capital alliance with Nippon Telegraph and Telephone Corporation (NTT) in February 2020. The need for high-speed processing and collection of large quantities of data is growing on a global scale, stimulating a rise in data centers. In response to this trend, we will advance social infrastructure business initiatives through our alliance with NTT as we seek to make other contributions together with partners.

Meanwhile, together with NTT TC Leasing Co., Ltd., we are providing building leases for new market facilities as part of a project for reorganizing publicly certified wholesale markets being advanced by Toyama City, Toyama Prefecture. Together with this partner, we seek to respond to demand for rebuilding aged public facilities across Japan, expand businesses for invigorating local economies through contributions to infrastructure development, and advance initiatives with significant social meaning that help revitalize local communities.

Contribution to the SDGs

3 Good health and well-being / 11 Sustainable cities and communities

Opportunities

  • Rising investment in data centers and resilient real estate in preparation for future trends
  • Development of hotel businesses contributing to local economic development

Risks

  • Obsolesce of social infrastructure due to population aging and decline
  • Decreased tourism demand as a result of prolongation of COVID-19 pandemic

Goals and Progress

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KPI Applicable companies*1 Unit Fiscal 2019 Fiscal 2020 Fiscal 2021
Number of vehicles equipped with telematics services NCS, NRS, OAL Vehicles 63,668 67,757 74,180
Number of safe driving lessons conducted using telematics services*2 NCS Lessons 962 459 923
Participants 19,212 7,095 13,261
Ratio of rental cars equipped with safety features (automated brakes, etc.) NRS % 90.3 94.3 96.0

Initiative Example

Uchisaiwaicho 1-chome area development project (tentative name)

Participation in Large-Scale Urban Redevelopment Projects

We are participating in large-scale redevelopment projects such as the Tokyo Cross Park Vision project in Uchisaiwaicho 1-chome, Chiyoda-ku, Tokyo and the TOKYO TORCH project in the Tokiwabashi area in front of Tokyo Station.

The Tokyo Cross Park Vision project, comprising the North Zone, Central Zone, and South Zone, is the largest development project in central Tokyo, with a floor area of approximately 1.1 million square meters and co-created by 10 companies (including related rights holders and parent companies) rooted in the area. Tokyo Century is promoting the project as an operator of the South Zone, the location of the South Tower (scheduled to be completed in fiscal 2028), which will consist of offices, a hotel, wellness facilities, and other amenities.

A new hotel and hall in TOKYO TORCH, which we jointly acquired with Mitsubishi Estate Co., Ltd., is scheduled to be completed in fiscal 2027. It has been decided that Dorchester Collection, one of the world’s leading ultra-luxury hotel brands, will make its first foray into Asia at TOKYO TORCH. Our participation in these redevelopment projects will help improve social infrastructure and enhance the charm of Tokyo, Japan.

Management of Hotel Indigo Karuizawa

In 2022, we opened Hotel Indigo Karuizawa as a new lifestyle boutique hotel reflecting the story of Karuizawa. It is our second project in collaboration with InterContinental Hotels Group PLC, following our first resort development project, the ANA InterContinental Beppu Resort & Spa.

The hotel is the first hotel owned and operated by the Tokyo Century Group, and local timber (Nagano-grown Karamatsu pine) was used for its exterior and interior construction. In addition, we reflect the unique characteristics of the hotel’s surrounding area in its meals and services to remain close to the local community in helping to reduce CO2 emissions and revitalize local regions.

Operation of Data Center Business in India

Tokyo Century is jointly operating data centers in India with NTT Global Data Centers Corporation (NTT GDC) of the NTT Group. In 2022, construction of the Mumbai 8 Data Center was completed and started operation.

In India, data usage is expected to increase rapidly against the backdrop of government-led digitization measures, including the expansion of smartphones and the use of video content. As a result, demand for data centers is rising. NTT GDC and Tokyo Century have therefore decided to expand their operations to the Navi Mumbai area, located east of Mumbai, and construction is progressing in stages.

Tokyo Century’s Contribution to the SDGs

Tokyo Century is contributing to the enrichment of daily life and the sustainable development of society toward achieving the SDGs adopted as a shared responsibility for the international community at the United Nations Summit on Sustainable Development.

SUSTAINABLE DEVELOPMENT GOALS

Sustainability

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