Odakyu Electric Railway Co., Ltd. - Principal Subsidiaries

Principal Subsidiaries

Hakone Tozan Railway Co., Ltd.; Hakone Kankosen Inc.; Kanagawa Chuo Kotsu Co., Ltd. (44.2%); Odakyu Bus Co., Ltd. (97%); Tachikawa Bus Co., Ltd. (38%); Tokai Jidosha Co., Ltd. (33.1%); Odakyu Kotsu Co., Ltd.; Odakyu Hotels Co., Ltd. (30%); The International Tourist Corporation (94.2%); Odakyu Restaurant System Co., Ltd.; Odakyu Department Store Co., Ltd. (58.5%); Fujisawa Odakyu Co., Ltd. (30%); Giraud Restaurant System Co. Ltd.; Odakyu Real Estate Co., Ltd. (47.8%); Odakyu Construction Co., Ltd. (45.9%); Odakyu Building Service Co., Ltd.; Odakyu Hotels and Resort Co., Ltd.