Organizational Chart Overview of the Meitetsu Group for Fiscal 2019

Board of Directors Chairman Ado Yamamoto Director & Hiroshi Hibino Executive Officer (Assistant Division Director, Real Estate Business HQ. and General Manager, Property Management Dept.) Nagoya Railroad Co., Ltd. The Meitetsu Group Mitsugu Momiyama President Takashi Ando (General Manager, Group Business Promotion Dept.)

Representative Director & Hideki Takagi Director Executive Vice-President Satoshi Ozawa Summary of Company Overview of Fiscal 2018 Toshio Haigo Atsuko Fukushima Overview of the Consolidated Data Director & Masaaki Iwase Establishment June 13, 1921 Senior Managing Senior Audit & Supervisory Yasushi Kojima (Original establishment June 25, 1894, No. of Companies Executive Officer Hiroki Takasaki Board Member (full-time) No. of Consolidated Subsidiaries: 117 (Division Director, Real Estate Business HQ.) Mitsuharu Iwagaya as Aichi Basha Tetsudo) Kiyomi Suzuki No. of Equity Method Affiliates: 15 (Division Director, Railroad Operations HQ.) Audit & Supervisory Tokuichi Okaya Head Office 1-2-4 Meieki, Nakamura-ku, No. of Employees 29,855 Board Member Toshio Mita Director &Managing Takuo Yoshikawa Nagoya-shi, 450-8501 Operating Revenues 622,567 million yen Executive Officer (General Manager, Human Resources Dept.) Kazuo Sassa Hiroshi Yano Profits Operating Income 49,455 million yen (General Manager, Management Strategy Dept.) Paid in Capital 100,778 million yen Executive Officer Kimiharu Banno Munenori Adachi (as of end of March 2019) Ordinary Income 51,599 million yen (Assistant Division Director, Railroad Operations HQ. Yukinaga Furuhashi and General Manager, General Safety Dept.) (General Manager, Finance and Accounting Dept.) Net Income 30,457 million yen Michio Iwakiri Kazuhiro Ando (Assistant Division Director, Railroad Operations HQ.) (General Manager, Meieki-Redevelopment Project Dept.) (As of July 1, 2019) By Segment Description of Business Leisure/service Operating Revenues Organizational Chart 53,419(8.0%) (unit: million yen) Internal Audit Sec. Railroad / Tramway Business Group Audit Dept. Others Realestate Transport Distribution Traffic Internal Control Assessment Sec. Development Business 48,012 92,013 136,863 142,231 167,660 Meieki-Redevelopment Transport Planning Sec. (7.2%) (13.8%) (20.5%) (21.3%) (25.1%) Project Dept. Facilities Planning Sec. Annual Operating Revenue Aviation Services 27,570(4.1%) General Safety Dept. General Safety Sec. BusinessProject Sec. 109,815 million yen (for the year ending March 2019) Operating Income (unit: million yen) Management Strategy Dept. Hotel Business Strategy Sec. Amount of Sales by Business Others Transport Realestate Traffic Budget Management Sec. Management Sec. Planning Sec. 1,627 5,968 11,404 24,379 Project Planning Dept. (3.3%) Group Business Supervision Sec. Operational Education Sec. (12.1%) (23.2%) (49.6%) Management Dept. Cultural Affairs Sec. Training Center Aviation Services Development business Distribution Leisure/service 14,929 million yen (2.4%) 2,803(5.7%) 1,185 1,796(3.7%) ％ Group Sales Promotion Sec. Sales and General Affairs Sec./ (13.6 ) Group Business Inbound Sec. Train Operations Sec. ＊Note:Operating revenue and operating income for each segment are before intersegment elimination. Eastern District Railroad Field Promotion Dept. IT Project Sec. General Manager Advertising Sec. Sales and General Affairs Sec./ Operating Revenues Changes in No. of Group Companies Tokyo Center Train Operations Sec. Osaka Center 109,815 million yen Central District Railroad Field Fiscal Year 2014 2015 2016 2017 2018 Board of Directors General Manager Railroad Operations HQ. Railroad /tramway business No. of Consolidated Subsidiaries 123 125 123 119 117 Sales and General Affairs Sec./ 94,885 million yen (86.4％) Tokyo Office Train Operations Sec. No. of Equity Method Affiliates 15 15 15 16 15 President Western District Railroad Field General Manager Secretarial Office Secretarial Sec. Sales Administration Sec. Sales Dept. Passenger Transport Service Sec. (For the year ending March 2019) Sales Promotion Sec. Financial Highlights Corporate Ethics Committee Public Relations Dept. Public Relations Sec. Risk Management Committee Customer Center Sec. Administration Sec. Operating Revenues Operating Income Safety Measures Committee Train Operations Sec. (Fiscal Year) (Fiscal Year) General Affairs Sec. Train Operations Instruction Sec. Outline of Railroad/Tramway Business Stocks Sec. Administration Dept. Train Control Sec. 2014 609,380 2014 38,072 Legal Affairs Sec. Operation Operating Train Operation Field Type Name of Line Location Business Process Safety Dept. Kilometers 2015 610,153 2015 44,864 Re-Engineering Sec. Engineering Sec. Railroad Nagoya Line, Investor Relations Construction Sec. Tokoname Line, Inuyama Line, 437 2016 599,569 2016 44,180 Airport Line, and 15 other lines and Group Accounting Sec. Passenger Transport Aichi and Accounting Sec. Facilities Sec. Finance and Accounting Dept. Tramway Toyokawa Line 7.2 Gifu 2017 604,804 2017 46,976 Group Financing Sec. Engineering Dept. Engineering Field prefectures Purchasing Sec. No. of passenger stations 275 stations 2018 622,567 2018 49,455 Otagawa supply center Rolling Stock Sec. No. of passenger cars 1,070 cars Rolling Stock Dept. Rolling Stock Field 0 500,000 1,000,000 0 20,000 50,000 Group Personnel Sec. (as of end of March 2019) (unit: million yen) (unit: million yen) Human Resources Dept. Labor Policy Sec. Electricity Sec. Human Resources Electricity Control Sec. Ordinary Income Net Income Electricity Dept. Electricity Field Development Sec. (Fiscal Year) (Fiscal Year) Planning Sec. 17,788 Development Dept. Development Sec. Change in No. of Passengers 2014 35,796 2014 SC Business Sec. (unit:thousand) Real Estate 400,000 2015 44,376 2015 24,532 Business HQ. Lease Management Sec. 393,236 Property Management Dept. Facilities Sec. 390,000 46,142 23,433 Land Management Sec. 2016 2016 Bord of Company Auditors 386,874 380,000 2017 48,566 2017 28,691 373,519 378,876 Audit & Supervisory Board Member (full-time) Audit & Supervisory Board Members’ Office Audit & Supervisory Board Members’ Office Sec. 370,000 2018 51,599 2018 30,457 360,113 360,000 0 30,000 60,000 0 20,000 40,000 Nagoya Railroad Health Insurance Association Meitetsu Hospital (As of July 1, 2019) 2014 2015 2016 2017 2018 (Fiscal Year) (unit: million yen) (unit: million yen) Nagoya Railroad Benefit Association Organizational Chart Overview of the Meitetsu Group for Fiscal 2019

Board of Directors Chairman Ado Yamamoto Director & Hiroshi Hibino Executive Officer (Assistant Division Director, Real Estate Business HQ. and General Manager, Property Management Dept.) Nagoya Railroad Co., Ltd. The Meitetsu Group Mitsugu Momiyama President Takashi Ando (General Manager, Group Business Promotion Dept.)

Representative Director & Hideki Takagi Director Executive Vice-President Satoshi Ozawa Summary of Company Overview of Fiscal 2018 Toshio Haigo Atsuko Fukushima Overview of the Consolidated Data Director & Masaaki Iwase Establishment June 13, 1921 Senior Managing Senior Audit & Supervisory Yasushi Kojima (Original establishment June 25, 1894, No. of Companies Executive Officer Hiroki Takasaki Board Member (full-time) No. of Consolidated Subsidiaries: 117 (Division Director, Real Estate Business HQ.) Mitsuharu Iwagaya as Aichi Basha Tetsudo) Kiyomi Suzuki No. of Equity Method Affiliates: 15 (Division Director, Railroad Operations HQ.) Audit & Supervisory Tokuichi Okaya Head Office 1-2-4 Meieki, Nakamura-ku, No. of Employees 29,855 Board Member Toshio Mita Director &Managing Takuo Yoshikawa Nagoya-shi, 450-8501 Operating Revenues 622,567 million yen Executive Officer (General Manager, Human Resources Dept.) Kazuo Sassa Hiroshi Yano Profits Operating Income 49,455 million yen (General Manager, Management Strategy Dept.) Paid in Capital 100,778 million yen Executive Officer Kimiharu Banno Munenori Adachi (as of end of March 2019) Ordinary Income 51,599 million yen (Assistant Division Director, Railroad Operations HQ. Yukinaga Furuhashi and General Manager, General Safety Dept.) (General Manager, Finance and Accounting Dept.) Net Income 30,457 million yen Michio Iwakiri Kazuhiro Ando (Assistant Division Director, Railroad Operations HQ.) (General Manager, Meieki-Redevelopment Project Dept.) (As of July 1, 2019) By Segment Description of Business Leisure/service Operating Revenues Organizational Chart 53,419(8.0%) (unit: million yen) Internal Audit Sec. Railroad / Tramway Business Group Audit Dept. Others Realestate Transport Distribution Traffic Internal Control Assessment Sec. Development Business 48,012 92,013 136,863 142,231 167,660 Meieki-Redevelopment Transport Planning Sec. (7.2%) (13.8%) (20.5%) (21.3%) (25.1%) Project Dept. Facilities Planning Sec. Annual Operating Revenue Aviation Services 27,570(4.1%) General Safety Dept. General Safety Sec. BusinessProject Sec. 109,815 million yen (for the year ending March 2019) Operating Income (unit: million yen) Management Strategy Dept. Hotel Business Strategy Sec. Amount of Sales by Business Others Transport Realestate Traffic Budget Management Sec. Management Sec. Planning Sec. 1,627 5,968 11,404 24,379 Project Planning Dept. (3.3%) Group Business Supervision Sec. Operational Education Sec. (12.1%) (23.2%) (49.6%) Management Dept. Cultural Affairs Sec. Training Center Aviation Services Development business Distribution Leisure/service 14,929 million yen (2.4%) 2,803(5.7%) 1,185 1,796(3.7%) ％ Group Sales Promotion Sec. Sales and General Affairs Sec./ (13.6 ) Group Business Inbound Sec. Train Operations Sec. ＊Note:Operating revenue and operating income for each segment are before intersegment elimination. Eastern District Railroad Field Promotion Dept. IT Project Sec. General Manager Advertising Sec. Sales and General Affairs Sec./ Operating Revenues Changes in No. of Group Companies Tokyo Center Train Operations Sec. Osaka Center 109,815 million yen Central District Railroad Field Fiscal Year 2014 2015 2016 2017 2018 Board of Directors General Manager Railroad Operations HQ. Railroad /tramway business No. of Consolidated Subsidiaries 123 125 123 119 117 Sales and General Affairs Sec./ 94,885 million yen (86.4％) Tokyo Office Train Operations Sec. No. of Equity Method Affiliates 15 15 15 16 15 President Western District Railroad Field General Manager Secretarial Office Secretarial Sec. Sales Administration Sec. Sales Dept. Passenger Transport Service Sec. (For the year ending March 2019) Sales Promotion Sec. Financial Highlights Corporate Ethics Committee Public Relations Dept. Public Relations Sec. Risk Management Committee Customer Center Sec. Administration Sec. Operating Revenues Operating Income Safety Measures Committee Train Operations Sec. (Fiscal Year) (Fiscal Year) General Affairs Sec. Train Operations Instruction Sec. Outline of Railroad/Tramway Business Stocks Sec. Administration Dept. Train Control Sec. 2014 609,380 2014 38,072 Legal Affairs Sec. Operation Operating Train Operation Field Type Name of Line Location Business Process Safety Dept. Kilometers 2015 610,153 2015 44,864 Re-Engineering Sec. Engineering Sec. Railroad Nagoya Line, Investor Relations Construction Sec. Tokoname Line, Inuyama Line, 437 2016 599,569 2016 44,180 Airport Line, and 15 other lines and Group Accounting Sec. Passenger Transport Aichi and Accounting Sec. Facilities Sec. Finance and Accounting Dept. Tramway Toyokawa Line 7.2 Gifu 2017 604,804 2017 46,976 Group Financing Sec. Engineering Dept. Engineering Field prefectures Purchasing Sec. No. of passenger stations 275 stations 2018 622,567 2018 49,455 Otagawa supply center Rolling Stock Sec. No. of passenger cars 1,070 cars Rolling Stock Dept. Rolling Stock Field 0 500,000 1,000,000 0 20,000 50,000 Group Personnel Sec. (as of end of March 2019) (unit: million yen) (unit: million yen) Human Resources Dept. Labor Policy Sec. Electricity Sec. Human Resources Electricity Control Sec. Ordinary Income Net Income Electricity Dept. Electricity Field Development Sec. (Fiscal Year) (Fiscal Year) Planning Sec. 17,788 Development Dept. Development Sec. Change in No. of Passengers 2014 35,796 2014 SC Business Sec. (unit:thousand) Real Estate 400,000 2015 44,376 2015 24,532 Business HQ. Lease Management Sec. 393,236 Property Management Dept. Facilities Sec. 390,000 46,142 23,433 Land Management Sec. 2016 2016 Bord of Company Auditors 386,874 380,000 2017 48,566 2017 28,691 373,519 378,876 Audit & Supervisory Board Member (full-time) Audit & Supervisory Board Members’ Office Audit & Supervisory Board Members’ Office Sec. 370,000 2018 51,599 2018 30,457 360,113 360,000 0 30,000 60,000 0 20,000 40,000 Nagoya Railroad Health Insurance Association Meitetsu Hospital (As of July 1, 2019) 2014 2015 2016 2017 2018 (Fiscal Year) (unit: million yen) (unit: million yen) Nagoya Railroad Benefit Association