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JR East Group to Reorganize Operations

East Japan Railway Company

January 27, 2010

The East Japan Railway (JR East) Group is reorganizing its group business to enhance competitiveness in the lifestyle business area.

As part of this effort, the shopping center operations of Ikebukuro Terminal Building Co., Ltd. will be transferred to LUMINE Co., Ltd. on April 1, 2010, and the former will be merged with JR East Facility Management Co., Ltd.

The JR East Group will continue its efforts to enhance group competitiveness and overall strength to ensure sustained growth and create customer value while spurring regional development and maximizing property value.

Affiliated companies affected by reorganization

Ikebukuro Terminal Building Co., Ltd., LUMINE Co., Ltd., JR East Facility Management Co., Ltd.
   

Means of reorganization

LUMINE Co., Ltd. will take over the shopping center operations of Ikebukuro Terminal Building Co., Ltd. in an absorption-type split.
Following the split, Ikebukuro Terminal Building Co., Ltd. will become part of JR East Facility Management Co., Ltd. in an absorption-type merger. The surviving company will be JR East Facility Management Co., Ltd.
   

Date of split and merger

April 1, 2010 (Thursday) (planned)
   

The Metropolitan Plaza shopping center, currently operated by Ikebukuro Terminal Building Co., Ltd., will have a new start on April 1, 2010 when it changes its name to LUMINE Ikebukuro.

1. Overview of business reorganization

 
Overview of business reorganization


2. Overview of each company

Means of Reorganization Absorption–type Split Absorption–type Merger
Company Succeeding Company Split Company Absorbed Company Surviving Company
LUMINE Co., Ltd. Ikebukuro Terminal Building Co., Ltd. JR East Facility Management Co., Ltd.
Major business area Station commercial building operations Office building operations
Address 2-2-2 Yoyogi, Shibuya-ku, Tokyo 1-11-1 Nishi-Ikebukuro, Toshima-ku, Tokyo 2-2-1 Yaesu, Chuo-ku, Tokyo
Representative Tetsujiro Tani Fumio Nakajima Morihiro Iwata
Established May 21, 1966 April 1, 2004 July 1, 2005
Capital 2,375.2 million yen 2,000 million yen 480 million yen
Sales (FY2008 results) 51,012 million yen 3,967 million yen 4,553 million yen 28,787 million yen
Capital after reorganization 2,375 million yen 480 million yen
Trade name LUMINE Co., Ltd. JR East Facility Management Co., Ltd.
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