Kintetsu Group reiterates support for Nagoya Station area redevelopment

Kintetsu Group Holdings announced on December 12, 2025, its continued cooperation with the Nagoya Station area redevelopment plan. This follows an update from Nagoya Railroad Co., Ltd., which on the same date, announced "Changes to the schedule for the Nagoya Station area redevelopment plan, etc., and commencement of re-evaluation and review of the current plan." Kintetsu Group Holdings, led by president Takeshi Wakai, confirmed its unwavering support for the project's progression.

The company also clarified that the previously announced closure of Kintetsu Passe Nagoya store by its subsidiary, Kintetsu Department Store Co., Ltd., on May 26, 2025, and the related recording of extraordinary losses, remain unchanged.

Furthermore, Kintetsu Group Holdings confirmed that the announcement regarding the Nagoya Station area redevelopment plan will not impact the consolidated earnings forecast update the company published on November 14, 2025.