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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesRegardingLossOnCOVID19TextBlock" xlink:to="label_NotesRegardingLossOnCOVID19TextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_NotesRegardingDepreciationOpeCFTextBlock" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_NotesRegardingDepreciationOpeCFTextBlock">Notes regarding depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesRegardingDepreciationOpeCFTextBlock" xlink:to="label_NotesRegardingDepreciationOpeCFTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_NotesRegardingDepreciationOpeCFTextBlock_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_NotesRegardingDepreciationOpeCFTextBlock_2">Notes regarding depreciation-OpeCF [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesRegardingDepreciationOpeCFTextBlock" xlink:to="label_NotesRegardingDepreciationOpeCFTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_UrbanTransportationReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_UrbanTransportationReportableSegmentsMember">Urban Transportation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UrbanTransportationReportableSegmentsMember" xlink:to="label_UrbanTransportationReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_UrbanTransportationReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_UrbanTransportationReportableSegmentsMember_2">Urban Transportation, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UrbanTransportationReportableSegmentsMember" xlink:to="label_UrbanTransportationReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_RealEstateReportableSegmentsMember">Real Estate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateReportableSegmentsMember" xlink:to="label_RealEstateReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_RealEstateReportableSegmentsMember_2">Real Estate, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateReportableSegmentsMember" xlink:to="label_RealEstateReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_EntertainmentReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_EntertainmentReportableSegmentsMember">Entertainment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentReportableSegmentsMember" xlink:to="label_EntertainmentReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_EntertainmentReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_EntertainmentReportableSegmentsMember_2">Entertainment, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentReportableSegmentsMember" xlink:to="label_EntertainmentReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_InformationAndCommunicationTechnologyReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_InformationAndCommunicationTechnologyReportableSegmentsMember">Information and Communication Technology</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InformationAndCommunicationTechnologyReportableSegmentsMember" xlink:to="label_InformationAndCommunicationTechnologyReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_InformationAndCommunicationTechnologyReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_InformationAndCommunicationTechnologyReportableSegmentsMember_2">Information and Communication Technology, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InformationAndCommunicationTechnologyReportableSegmentsMember" xlink:to="label_InformationAndCommunicationTechnologyReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_TravelReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_TravelReportableSegmentsMember">Travel</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TravelReportableSegmentsMember" xlink:to="label_TravelReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_TravelReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_TravelReportableSegmentsMember_2">Travel, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TravelReportableSegmentsMember" xlink:to="label_TravelReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_InternationalTransportationReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_InternationalTransportationReportableSegmentsMember">International Transportation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InternationalTransportationReportableSegmentsMember" xlink:to="label_InternationalTransportationReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_InternationalTransportationReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_InternationalTransportationReportableSegmentsMember_2">International Transportation, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InternationalTransportationReportableSegmentsMember" xlink:to="label_InternationalTransportationReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_HotelsReportableSegmentsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_HotelsReportableSegmentsMember">Hotels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HotelsReportableSegmentsMember" xlink:to="label_HotelsReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_HotelsReportableSegmentsMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_HotelsReportableSegmentsMember_2">Hotels, Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HotelsReportableSegmentsMember" xlink:to="label_HotelsReportableSegmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_SumiKazuoMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_SumiKazuoMember">Sumi, Kazuo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SumiKazuoMember" xlink:to="label_SumiKazuoMember" />
    <link:label xlink:type="resource" xlink:label="label_SumiKazuoMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_SumiKazuoMember_2">Sumi, Kazuo</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SumiKazuoMember" xlink:to="label_SumiKazuoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_SugiyamaTakehiroMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_SugiyamaTakehiroMember">Sugiyama, Takehiro [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SugiyamaTakehiroMember" xlink:to="label_SugiyamaTakehiroMember" />
    <link:label xlink:type="resource" xlink:label="label_SugiyamaTakehiroMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_SugiyamaTakehiroMember_2">Sugiyama, Takehiro</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SugiyamaTakehiroMember" xlink:to="label_SugiyamaTakehiroMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ShinMasaoMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_ShinMasaoMember">Shin, Masao [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShinMasaoMember" xlink:to="label_ShinMasaoMember" />
    <link:label xlink:type="resource" xlink:label="label_ShinMasaoMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_ShinMasaoMember_2">Shin, Masao</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShinMasaoMember" xlink:to="label_ShinMasaoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_InoueNoriyukiMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_InoueNoriyukiMember">Inoue, Noriyuki [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InoueNoriyukiMember" xlink:to="label_InoueNoriyukiMember" />
    <link:label xlink:type="resource" xlink:label="label_InoueNoriyukiMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_InoueNoriyukiMember_2">Inoue, Noriyuki</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InoueNoriyukiMember" xlink:to="label_InoueNoriyukiMember_2" />
    <link:label xlink:type="resource" xlink:label="label_EndoNorikoMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_EndoNorikoMember">Endo, Noriko [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EndoNorikoMember" xlink:to="label_EndoNorikoMember" />
    <link:label xlink:type="resource" xlink:label="label_EndoNorikoMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_EndoNorikoMember_2">Endo, Noriko</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EndoNorikoMember" xlink:to="label_EndoNorikoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ShimataniYoshishigeMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_ShimataniYoshishigeMember">Shimatani, Yoshishige [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShimataniYoshishigeMember" xlink:to="label_ShimataniYoshishigeMember" />
    <link:label xlink:type="resource" xlink:label="label_ShimataniYoshishigeMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_ShimataniYoshishigeMember_2">Shimatani, Yoshishige</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShimataniYoshishigeMember" xlink:to="label_ShimataniYoshishigeMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ArakiNaoyaMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_ArakiNaoyaMember">Araki, Naoya [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArakiNaoyaMember" xlink:to="label_ArakiNaoyaMember" />
    <link:label xlink:type="resource" xlink:label="label_ArakiNaoyaMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_ArakiNaoyaMember_2">Araki, Naoya</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArakiNaoyaMember" xlink:to="label_ArakiNaoyaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_IshibashiMasayoshiMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_IshibashiMasayoshiMember">Ishibashi, Masayoshi [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IshibashiMasayoshiMember" xlink:to="label_IshibashiMasayoshiMember" />
    <link:label xlink:type="resource" xlink:label="label_IshibashiMasayoshiMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_IshibashiMasayoshiMember_2">Ishibashi, Masayoshi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IshibashiMasayoshiMember" xlink:to="label_IshibashiMasayoshiMember_2" />
    <link:label xlink:type="resource" xlink:label="label_KomiyamaMichiariMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_KomiyamaMichiariMember">Komiyama, Michiari [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KomiyamaMichiariMember" xlink:to="label_KomiyamaMichiariMember" />
    <link:label xlink:type="resource" xlink:label="label_KomiyamaMichiariMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_KomiyamaMichiariMember_2">Komiyama, Michiari</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KomiyamaMichiariMember" xlink:to="label_KomiyamaMichiariMember_2" />
    <link:label xlink:type="resource" xlink:label="label_IshiiJunzoMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" id="label_IshiiJunzoMember">Ishii, Junzo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IshiiJunzoMember" xlink:to="label_IshiiJunzoMember" />
    <link:label xlink:type="resource" xlink:label="label_IshiiJunzoMember_2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_IshiiJunzoMember_2">Ishii, Junzo</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IshiiJunzoMember" xlink:to="label_IshiiJunzoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_TsuruYukiMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" id="label_TsuruYukiMember">Tsuru, Yuki</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TsuruYukiMember" xlink:to="label_TsuruYukiMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TsuruYukiMember" xlink:to="label_TsuruYukiMember_2" />
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