Izukyū Corporation

Izukyū Corporation
伊豆急行株式会社

Type	subsidiary
Industry	Transportation
Founded	April 11, 1959
Founder	Keita Gotō
Headquarters	Itō, Shizuoka, Japan
Area served	Izu Peninsula, Shizuoka Prefecture, Japan
Revenue	7.4 billion Yen (2004)
Total equity	90 million Yen
Number of employees	311 (as of 2006)
Parent	Tokyu Corporation
Subsidiaries	Shimoda Ropeway
Website	http://www.izukyu.co.jp/

Izukyu 2100 series Alpha Resort 21 train

The Izukyū Corporation (伊豆急行株式会社 Izu Kyūkō Kabushiki Kaisha) is a private railroad company in Japan, and a subsidiary of the Tokyu Corporation. The company operates the Izu Kyūkō Line train service on Izu Peninsula in Shizuoka Prefecture, and has subsidiary operations involved in taxi and bus services, as well as real estate and leisure resort development and a cable television network.

Company history

The Tokyu Corporation began preliminary work on a train line connecting Itō Station, the terminal station of the Japan National Railway’s Itō Line, with Shimoda, at the southern tip of the Izu Peninsula in 1956. A wholly owned subsidiary, the Itō-Shimoda Electric Railway Company (伊東下田電気鉄道株式会社 Itō-Shimoda Denkitetsudo K.K.) was created on April 11, 1959, and construction work on the new line began in February 1960. On February 20, 1961, the company changed its name to its current name of Izukyū Corporation. Actual train operation began at Itō Station on December 10, 1961, and a centralized traffic control center established at Itō in 1982.

Izukyū Corporation was listed in the Second Section of the Tokyo Stock Exchange from November 1, 1972. However, it was delisted on October 1, 2004 and returned to the status of a fully owned subsidiary of the Tokyu Corporation.

Lines

At present, the company operates one train line, the Izu Kyūkō Line, with a total length of 45.7 kilometers.

The Shimoda Ropeway is a subsidiary of the Izukyū Corporation.

References

• Sakanishi, Satoru (2001). Management Strategy of Tokyu, Keita Gotō (東急・五島慶太の経営戦略 (Tōkyū, Gotō Keita no keiei senryaku)) (in Japanese). Bungeisha. ISBN 978-4-8355-1142-9.

External links

• Official website (Japanese)