Koshien Tochi Kigyo Kabushiki Kaisha - 9673- Profile

Koshien Tochi Kigyo Kabushiki Kaisha was established in 1947. The company owns a bicycle racing track in Koshien, Nishinomiya City and rents it to Hyogo Prefecture/Municipal Bicycle Racing Official Association which operates bicycle races seventy-two days a year and pays a percentage of revenues to the company. The company also operates a driving school and a restaurant and kiosks at the race track. The company is also engaged in rental and leasing of apartments, a bowling alley and office buildings. Bicycle racing track rental accounted for 70% of fiscal 1999 revenues; driving school operations, 19%; rental and leasing of apartments, a bowling alley and other real estate, 9%; restaurant/kiosk operations, 2%. Tokyo Dome Corporation, a baseball stadium operater, and Hanshin Electric Railway Co., Ltd. are the major shareholders with 29.27% and 22.54% of issued stock respectively.