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2020

* Information contained in this news release is current as of its date of announcement. Be aware that information contained herein is subject to change without notice.

Mitsui Fudosan-led Consortium Enters into Basic Agreement
for the Operation of Hiroshima Airport

November 16, 2020
MTHS Consortium
Representative    Mitsui Fudosan Co., Ltd.
Consortium members    TOKYU CORPORATION
The Hiroshima Bank, Ltd.
Hirogin Capital Partners Co., Ltd.
Hiroshima Electric Railway Co., Ltd.
Kyushu Electric Power Company, Incorporated
The Chugoku Electric Power Company, Incorporated
CHUDENKO CORPORATION
Energia Communications, Inc.
Mazda Motor Corporation
FUKUYAMA TRANSPORTING CO., LTD.
Hiroshima Mazda Co., Ltd.
HIROSHIMA GAS Co., Ltd.
SUMITOMO CORPORATION
TOKYU CONSTRUCTION CO., LTD.
TOKYU COMMUNITY CORP.

MTHS Consortium entered into a Basic Agreement with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (“MLIT”) on November 16, 2020 for the operation of Hiroshima Airport (“the Project”). The consortium was selected as a preferred bidder for the Project on September 11, 2020. MTHS Consortium is a consortium led by a Mitsui Fudosan Co., Ltd. and comprised of TOKYU CORPORATION, The Hiroshima Bank, Ltd., Hirogin Capital Partners Co., Ltd., Hiroshima Electric Railway Co., Ltd., Kyushu Electric Power Company, Incorporated, The Chugoku Electric Power Company, Incorporated, CHUDENKO CORPORATION, Energia Communications, Inc., Mazda Motor Corporation, FUKUYAMA TRANSPORTING CO., LTD., Hiroshima Mazda Co., Ltd., HIROSHIMA GAS Co., Ltd., SUMITOMO CORPORATION, TOKYU CONSTRUCTION CO., LTD., and TOKYU COMMUNITY CORP.

In this project, MTHS Consortium will give top priority to conducting safe and secure airport operations. Mindful of this priority, MTHS Consortium will promote the revitalization of Hiroshima Airport and the surrounding areas. The consortium will seek to increase the non-resident population from both within and outside the region. It will make the most of the geographical advantages of Hiroshima Airport, with its central location in the Chugoku and Shikoku region, and abundant tourist attractions, beginning with the Setouchi and San’in areas. Through these efforts, MTHS Consortium will help to stimulate the regional economy of Chugoku and Shikoku.

MTHS Consortium plans to commence operation of buildings and other facilities next spring and to commence operation of Hiroshima Airport on July 1, 2021. In accordance with the Basic Agreement, MTHS Consortium will prepare for the incorporation of a special purpose company and the execution of a subsequent Project Agreement.

For details on the Project, please visit the MLIT website at the following address: (https://www.mlit.go.jp/koku/koku_tk5_000039.html)

< Project Summary >

Outline of the Project
  • Administrator, etc. of public facilities, etc.: Minister of Land, Infrastructure, Transport and Tourism
  • Location of public facilities, etc.: Hongocho, Mihara City, Hiroshima Prefecture
  • Project period: 30 years (with possible extension to a maximum of 35 years in the event of force majeure, etc.)
  • Scope of project: Airport operation, terminal building and parking lot operation, etc.
Implementing body Special Purpose Company (SPC), funded and incorporated by consortium members
Name of Consortium MTHS Consortium
Consortium members Mitsui Fudosan Co., Ltd., TOKYU CORPORATION, The Hiroshima Bank, Ltd., Hirogin Capital Partners Co., Ltd., Hiroshima Electric Railway Co., Ltd., Kyushu Electric Power Company, Incorporated, The Chugoku Electric Power Company, Incorporated, CHUDENKO CORPORATION, Energia Communications, Inc., Mazda Motor Corporation, FUKUYAMA TRANSPORTING CO., LTD., Hiroshima Mazda Co., Ltd., HIROSHIMA GAS Co., Ltd., SUMITOMO CORPORATION, TOKYU CONSTRUCTION CO., LTD., TOKYU COMMUNITY CORP. (16 companies in total)

< Attachment: Overview of Consortium Members >

  • Mitsui Fudosan Co., Ltd
    [Location] 2-1-1, Nihonbashi-Muromachi, Chuo-ku, Tokyo
    [Representative] Masanobu Komoda, President and Chief Executive Officer
  • TOKYU CORPORATION
    [Location] 5-6, Nampeidaicho, Shibuya-ku, Tokyo
    [Representative] Kazuo Takahashi, President & Representative Director
  • The Hiroshima Bank, Ltd.
    [Location] 1-3-8, Kamiyacho, Naka-ku, Hiroshima City
    [Representative] Toshio Heya, President
  • Hirogin Capital Partners Co., Ltd.
    [Location] 1-1-7, Nishikaniya, Minami-ku, Hiroshima City
    [Representative] Masahiro Koike, President and Representative Director
  • Hiroshima Electric Railway Co., Ltd.
    [Location] 2-9-29, Higashisendamachi, Naka-ku, Hiroshima City, Hiroshima
    [Representative] Masao Mukuda, President and Representative Director
  • Kyushu Electric Power Company, Incorporated
    [Location] 2-1-82, Watanabe-dori, Chuo-ku, Fukuoka City
    [Representative] Kazuhiro Ikebe, President and CEO
  • The Chugoku Electric Power Company, Incorporated
    [Location] 4-33, Komachi, Naka-ku, Hiroshima City, Hiroshima
    [Representative] Mareshige Shimizu, President & Chief Executive Officer
  • CHUDENKO CORPORATION
    [Location] 6-12 Koamicho, Naka-ku, Hiroshima City, Hiroshima
    [Representative] Akira Sakotani, Representative Director and President
  • Energia Communications, Inc.
    [Location] 2-11-10, Otemachi, Naka-ku, Hiroshima City, Hiroshima
    [Representative] Nobuo Watanabe, President and Director
  • Mazda Motor Corporation
    [Location] 3-1, Shinchi, Akigun Fuchucho, Hiroshima
    [Representative] Akira Marumoto, Representative Director, President and CEO
  • FUKUYAMA TRANSPORTING CO., LTD.
    [Location] 4-20-1 Higashifukatsucho, Fukuyama City, Hiroshima
    [Representative] Shigehiro Komaru, Chairman and C.E.O.
  • Hiroshima Mazda Co., Ltd.
    [Location] 13-4, Noboricho, Naka-ku, Hiroshima City
    [Representative] Tetsuya Matsuda, Representative Director, Chairman and CEO
    Masayuki Hamanaka, Representative Director, President and COO
  • HIROSHIMA GAS Co., Ltd.
    [Location] 2-7-1, Minamimachi, Minami-ku, Hiroshima City, Hiroshima
    [Representative] Kensuke Matsufuji, President
  • SUMITOMO CORPORATION
    [Location] 2-3-2, Otemach, Chiyoda-ku, Tokyo
    [Representative] Masayuki Hyodo, Representative Director President
    and Chief Executive Officer
  • TOKYU CONSTRUCTION CO., LTD.
    [Location] 1-16-14, Shibuya, Shibuya-ku, Tokyo
    [Representative] Mitsuhiro Terada, Representative Director, President
  • TOKYU COMMUNITY CORP.
    [Location] 4-10-1, Yoga, Setagaya-ku, Tokyo
    [Representative] Katsuhide Saiga, President