annual report 2005 hankyu holdings contents the story of 1 financial highlights 2 group at a glance 3 new century vision 4 message from president 8 interview with 10 ic card hanaplus 14 large scale development projects 15 fulfilling our corporate social responsibilities 18 overview core businesses 22 board directors 36 section 37 data 64 investor information toho 65 forward looking statements reader is advised that this contains which are not historical facts but constitute estimates or projections based on known to company s management as time writing actual results may therefore differ substantially such it started one man dream for people lay rails undeveloped land create place and their homes help them lives full hope passion will be passed if through genes continue realising dreams next generation where we head commitment its fulfillment take first