Company Profile Established Business Areas September 2, 1922 Transportation,Real Estate,etc Operating Revenue 1,164.2Billion yen （Consolidated) FY2019 Total Assets 2,537.1Billion yen（Consolidated) as of March 31, 2020 Total Net Assets 809.6Billion yen（Consolidated) as of March 31, 2020 Number of Employee 24,464（Consolidated) as of March 31, 2020 Stock Listing Listed on the First Section of the Stock Exchange 3 The Consolidated Segment and Overview Subsidiaries: 137 Affiliates: 29 as of March 31, 2020 Transportation 22 Railway Operations Tokyu Railways Operating Revenue 213.6 Billion yen Bus Operations Tokyu Bus Operating Profit 27.0 Billion yen Other Sendai International Airport

Real Estate 27 Real estate leasing Real estate sales Operating Revenue 210.1 Billion yen Operating Profit 29.0 Billion yen Real estate management Tokyu Facility Service Other

Life Service 48 Retail 22 Department store operations Tokyu Department Store Operating Operating Revenue Revenue 482.6 Billion yen Chain store operations Tokyu Store Chain 707.9 Billion yen Operating Shopping center Profit 4.2 Billion yen Tokyu Malls Development Operating Profit 26 Ｃ Ａ Ｔ Ｖ its communications 13.4 Billion yen ICT and Media Operating Advertisement Tokyu Agency Revenue 225.3 Billion yen Operating Other Tokyu Recreation Tokyu Power Supply Profit 9.1 Billion yen

Hotel and Resort 42 Domestic hotels Tokyu Hotels Operating Revenue 96.1 Billion yen Operating Profit -1.4 Billion yen other

(Elimination) -63.7 Billion yen Total Number of Total Operating Revenue 1,164.2 Billion yen Assets 2,537.1Billion yen Employee 24,464 Operating Profit 68.7 Billion yen *The number stated in each segment is the number of subsidiaries. Subsidiaries overlapping in more than one segment are counted in each segment. 4 Regional Map of Tokyu Area

Areas served by Tokyu’s railway lines Tokyu Line (defined as the 17 cities and wards with Tokyu’s railway lines) 10km 20km 2 Directly connected ・ Area: 492km subway lines Tokyo ・ Population 5.46 million (including foreign residents) JR Shimotakaido 5.31 million (Japanese only) Other Major Lines Both of the above account for 15% of the total for Sangen-jaya Tokyo and three prefectures in the Tokyo metropolitan area (Source: Basic Resident Register as of Jan 1, 2019) ・ Taxable income per person: 1.5 times higher than Futako-tamagawa the national average Jiyugaoka Ookayama ・ Number of households with household income of Mizonokuchi Oimachi 10 million yen or more: 340,000 23% of the total in Tokyo and three prefectures in Den-en-chofu Hatanodai 30km the Tokyo metropolitan area Tama-plaza Tamagawa (Source: Housing and Land Survey 2018) ・ Amount of consumer spending in the areas: Kodomonokuni Musashi-kosugi Estimated to be 8 trillion 751.3 billion yen* Kamata Haneda Airport Tokyu Tama Den-en Toshi (Tokyu Tama Garden City) 2 Kawasaki ・ Area: 50km Nagatsuta ・ Population: 630 thousand people （as of March 31, 2020） Kikuna Minami-machida Ranking of attractive towns to live 2019 Chuo-rinkan 1st Ebisu 11th Tokyo 2nd 12th -uehara 40km 3rd Meguro 13th 4th Jiyugaoka 14th Shibuya 5th Kichijoji 15th Kamakura Motomachi-Chukagai 6th Futako-tamagawa 16th Daikanyama 7th Omotesando 17th Musashi-kosugi ・ Illustrations and figures prepared by Tokyu Retail Area Marketing System (TR・AMS) 8th Yokohama 18th ・ Map prepared by Copyright KOKUSAI KOGYO CO., LTD. - Sumitomo Electric Industries, Ltd. 9th Nakameguro 19th * Calculated by multiplying “average consumption expenditures of all households” in 5 wards of Tokyo, Yokohama City and Kawasaki City and “number of households” in the 17 cities and wards along Tokyu Lines respectively. (Source: Ministry of 10th Hiroo 20th -juban Internal Affairs and Communications) Source: Questionnaires of MAJOR 7 5 Production age population change along the Tokyu Line

Minami- koshigaya

Urawa Kashiwa Musashi- urawa Minami- nagareyama 30km Kitaasaka

Matsudo Akabane Tokorozawa Kitasenju

Ikebukuro 10km

Kichijoji Nishifunabashi Tachikawa Tokyo Shinjuku

Shinbashi Hachioji Chofu Shibuya

Sangenjaya Maihama Meguro

Gotanda Futako- tamagawa Changes in working-age Shinyurigaoka Jiyugaoka Oimachi Mizonokuchi population for 2015 to 2019 Hashimoto increase Musashi- kosugi Azamino Kamata ： 10％ or more Hiyoshi ： 5% or more and less than 10% Machida Nagatsuta Tsunashima Kawasaki ： 0% or more and less than 5%

：-5% or more and less than 0% Decrease Chuorinkan Kikuna ：Less than -5%

Yokohama Population (including foreigners)： Basic Resident Register population ・Map : MarketAnalyzer (Giken Shoji International Co., Ltd.) (Ministry of Internal Affairs and Communications) 6 Population along the Tokyu Lines

（Thousand people） 6,000 5,247 5,274 5,305 5,090 5,121 5,147 5,180 5,215 5,034 5,061 65or 5,000 older 1,111 1,127 1,138 922 934 960 1,003 1,029 1,066 1,091

4,000

3,000 15 to 64

3,480 3,489 3,490 3,476 3,473 3,465 3,473 3,483 3,494 3,513 2,000

1,000 0 to 14

633 638 640 642 645 648 651 653 653 654 0 凡例 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: "The Population Summary of the Basic Resident Register" (Ministry of Internal Affairs and Communications; 2010-2013:as of March 31 every year 2014-2019:as of January 1, every year) 7 Status (Dynamics of Population) in the Areas Served by Tokyu’s Railway Lines

• The total population of the areas served by Tokyu’s railway lines is expected to continue its increasing trend until 2035; the rate of the population decrease is moderate compared with that of the entire nation and with that of Tokyo, Saitama, Kanagawa, and Chiba. • In the areas served by Tokyu’s railway lines, the trend is different for different areas, with the ratio of elderly people to the total population having risen rapidly in the Tama Den-en Toshi area.

130 Dynamics of population in the areas served by Tokyu’s railway lines (total population)

Variation of the ratio of elderly people to the total population 17 cities and wards in the areas 120 served by Tokyu’s railway lines 2015  2045

17 cities and wards in the areas Peak in 21%  31% served by Tokyu’s railway lines 110 2035 Tama Den-en Toshi area* 21%  35% Tokyo, Saitama, Kanagawa, and Chiba Total including other areas 21%  29% 100 served by Tokyu’s railway lines Whole nation (27%  (Whole nation) 37%) (Tokyo, Saitama, Kanagawa, and (24%  90 Chiba) 34%)

* The ratio is based on the figure for 2000 as 100 * The figure for the Tama Den-en Toshi area is the total of Figures for 2020 and beyond are estimates the seven cities and wards of Machida, Midori, Aoba, Tsudsuki, Takatsu, Miyamae, and Yamato. 80 20002000年 20052005年 20102010年 20152015年 20202020年 20252025年 20302030年 20352035年 20402040年 20452045年 Source: National Institute of Population and Social Security Research (Estimate as of 2018) 8 Effects of Development of Railway Networks Toyoko Line Ikegami Line Tobu Line Meguro Line Tamagawa Line Oimachi Line Seibu Line Express service began (Mar. 2008) Den-en-toshi Line Kodomonokuni Line Extension to Mizonoguchi (July 2009) Oimachi Line Setagaya Line Shinjuku Kodomonokuni Setagaya Line Fukutoshin Line Chuo-rinkan Line Azamino Mizonokuchi Futako-tamagawa Shibuya Otemachi Tokyo Metro Hanzomon Line Nagatsuta Tama Plaza Sangen-jaya Tokyo Toyoko Line Sotetsu-Tokyu direct train service Meguro Line Naka-meguro Mutual direct train service(Mar.2013) (FY2022 Second half , Planned) Extension to Hiyoshi (June 2008) Nishiya Jiyugaoka Tamagawa Sotetsu Line Ookayama Meguro Shin-yokohama Den-en-chofu Yokohama Musashi-kosugi Kikuna Hiyoshi Gotanda JR Yamanote Line Kamata Motomachi- Minatomirai Line Hatanodai New Airport Meguro Line opened (Feb.2004) chukagai Line Plan Mutual direct train service(Sep.2000) Oimachi Changes in the number of passengers carried and passenger revenue (with the figures in 2000/3 as 100) Number of passengers carried Passenger revenue 130

Mar. Fare revision Sep. Meguro Line express service began 120 Sep. Mutual direct transportation between Meguro Line and Namboku Line / Mita Line. 110 July Oimachi Line extended Mar. Mutual direct transportation to Mizonokuchi between Toyoko Line and 100 Fukutoshin Line Mar. Oimachi Line express service began Feb. Minatomirai Line opened June Meguro Line extended to Hiyoshi 90 2000/3 2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3 2011/3 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 9 Further Development of Railway Networks for Shinjuku, Sotetsu-Tokyu direct train Shibuya Ikebukuro Redevelopment Outline A link line between Sotetsu line and Tokyu Hiyoshi Station via Shin-Yokohama Olympics Stadium Effects ・Better access to Shin-Yokohama (Shinkansen) from TOKYU Area Kita-sando ・A new network created by mutual direct train service operation with Sotetsu Line (Based on Law for promoting Convenience Urban Railways) Shibuya Burden - National Government Each entity will pay Toyoko Line Jiyugaoka Meguro - Local Government one-third of the cost - JRTT Opening FY2022 Second half (planned) for Tameike-sanno, Meguro Line Otemachi for Sotetsu Line Shin-yokohama Tamagawa

Tokyu Tamagawa Line Musashi-kosugi Hiyoshi New Airport Line Shinkansen Save approx. 11 min. Outline In January 2000, the 18th report by the Council for Transport Policy recommended Shin-yokohama Toyoko Line Shibuya the construction of a new line that Yokohama Kamata shortens the Airport Line and the 41min. ▼ 30min. Tokyu Tamagawa Line. In the 198th for Minatomirai, report of the Council of Transport Policy in for Haneda Motomachi April 2016, this was positioned as a Airport project that would contribute to improving chukagai airport access.

MM21 Haneda Effects Improve access from Tokyu Area to District Airport the internationalized Haneda Airport

10 Steadily implementing safety improvements as part of social infrastructure While Tokyu Railways will proceed with future investments selectively in light of the coronavirus crisis, the installation of platform screen doors at all stations was completed last year and certain progress has already been achieved with some other initiatives. In these ways, Tokyu Railways is fulfilling its mission in terms of public transportation.

[Train Stations] Installation of Platform Screen Doors

First major private railway operator to achieve 100% The number of falls from platforms (left axis) and the number of stations that have platform screen doors (right axis) installation of platform screen doors (completed in FY2019) 140 100 Number of falls • Contributing to safe and stable 120 from platforms transportation 80 100 Platform screen doors ensure 60 customer safety while also 80 Number of stations reducing transportation disruptions 60 that have platform from people falling onto the tracks screen doors 40 and other incidents. This has had a 40 20 big effect on the provision of stable 20 transportation services. 0 0 * Including sensor-equipped fixed platform fences / excluding Setagaya Line and Kodomonokuni Line 2014 2015 2016 2017 2018 2019

[Railroad Crossings] [Inside Train Carriages] 3D railway crossing obstruction detector Integrated LED lighting and security cameras

• 3D-type sensing • Improves security and speeds equipment with a sensing up response to trouble range covering the entire • Scheduled for completion in railroad crossing July 2020 • Sensing range is vastly expanded over conventional optical sensing equipment • Scheduled for completion by the end of FY2021 11 Visions of Tokyu Railways Enhance safe, secure, and comfortable railway services by splitting the Railway Business Divisions

 Slogan  Significance of establishment (What to change) ”For people, cities, • Improve the ability to think and and the future” put ideas into practice Increase the level of (enhancement of education, training, specialization and and work styles) improve human •  3 policies resource skills and Ensure steady technology transfer technical skills and use (establish an organization specializing in technology) [Customers] Trains that • Take detailed measures in line with connect smiles the characteristics of each route and carry Speedy management (introduce an area system) happiness system, focusing on • Build a system that allows decision- the workplace making near the workplace (place personnel with a focus on the [Employees] [Ideal vision of the workplace) Trains that run company] powerfully, gently, ’s no.1 train in (What not to change) and gracefully Japan’s no.1 area towards the future Advanced Core nature Co-creation performance

12 Activities for MaaS (First Demonstration Experiment in Japan)

Tourism MaaS (Apr. – June 2019, Suburban MaaS (Jan. – Mar. 2019) Nov. 2019 – March 2020)

Major companies operating • Areas along Tokyu Line Mishima Mobility experiments based on business in Izu peninsula and Station diversifying mobility needs neighboring areas Shibuya Atami • Conducted mostly in model Station Izukyu Group districts for the next- Tokyu Hotels Ito Station generation suburban Tama-Plaza Mt. Fuji Shizuoka Shuzenji development Station Airport etc. 1. High-quality commuter buses Izu 2. On-demand buses Kogen Izu Station 3. Personal mobility Kawazu Diagrams and numbers: prepared with TR AMS Station Map: copyright Kokusai Kogyo and Sumitomo Electric Industries Izukyu Shimoda Housing Station areas 2 Search, reserve 3 and pay with an website Station 1 Tourist

Intermodal passenger transport facilities 24-seater high-quality bus

Public Commercial facilities facilities

Tama-Plaza Central Regular-route On-demand Rental Rental Tokyo buses transportation cars bikes Station

13 Expansion of Airport Operation Business through Strategic Alliances

Build business bases in multiple regions and serve the increasing Non-resident population to achieve growth

(the Seven Airports in Hokkaido) Signing of operations Network effect through the Hokkaido Airport Group Representative: Hokkaido involvement in the operation Airport Terminal Co., Ltd. of multiple airports Increase

June 2020 contact with Scheduled start of customers operation of New Chitose Start of operations Management policy based on Airport (Thereafter, operations Sendai International safety and security Increase will start sequentially) Airport (subsidiary) business Representative: Tokyu opportunities Start of operations Efforts for regional promotion Mt. Fuji (affiliate) Representative: Mitsubishi Estate Co., Ltd. ■ Changes in the number of travelers (Tokyu is involved in 9 airports) Over 53 (Sendai Airport) million Record high for 3 consecutive years 3.71 million 3.61 Operations started in Jul. 2016 32 million Increase 3.43 scale

The Seven Airports 3.23 in Hokkaido 3.16 3.11 Sendai Airport Mt. Fuji Shizuoka Airport FY2014'14 FY2015'15 FY2016'16 FY201'17 7 FY2018'18 FY2019'19 2017FY2019年度 Future将来 14 Improvement of Portfolio in Leasing Business

Moving forward, we will continue to promote the development of mixed-use facilities and acquisition of property in Shibuya and along Tokyu Lines.

Real Estate Leading Area*1 TOKYU EBITDA*1

(Unit: 1,000 m2) (Billion yen) 1,600 1.6 Approx. 1,410,000 m2 50 2.3 times 41.0 Other 1,200 240 40 times Approx. 880,000 m2 30 800 160 810 Commerce 20 17.8 400 580 10 360 Offices 0 140 0 *2 End of2011 FY2011年度 FY2019 FY2011FY2011 FY2019FY2019 (results)(result)*2*2 (results)(result) *1: The Company’s portion *2: Before opening of

15 As of March 31, 2020 Total Floor Space of Major Properties Past Development Track Record 2 Project name Total floor area (m ) (Leasing Business) 1 Queen's Square Yokohama 496,386 ※1※3

2 Futako Tamagawa Rise 293,108 ※1※3

SHIBUYA SCRAMBLE 3 181,000 ※1※3 SQUARE(East building)

4 Shibuya Hikarie 144,546 ※1※3

SHIBUYA SCRAMBLE Tama Plaza Terrace Shibuya Hikarie* Shibuya Mark City* * SQUARE(East building)* 5 Shibuya Mark City 138,620 ※1※3 October, 2010 April, 2012 March, 2001 February, 2000 September, 2018 November, 2019

6 SHIBUYA STREAM 116,000 ※1※3 Chuo-rinkan Saginuma Mizonokuchi Futako-tamagawa Shibuya

7 Cerulean Tower 104,154 ※2※3 Minami-machida Tama-plaza Yoga ※1※2 8 Setagaya Business Square 94,374 ※3

9 Tokyu Capitol Tower 87,428 ※3

10 Carrot Tower 77,754 ※1※3

Futako Tamagawa Rise* Tokyu Saginuma Building PhaseⅠ; November, 2010 Setagaya Business Square* Nagatacho September, 1978 PhaseⅡ; June, 2015 September, 1993 Meguro Tokyo

Musashi-kosugi Yokohama Hiyoshi Kamata Oimachi Minatomirai Haneda Airport Queen's Square Yokohama* Motomachi- June, 1997 Chukagai *Property sectionally owned or co-owned Musashi Kosugi Tokyu JR Tokyu Meguro Tokyu Capitol Tower with other company Square*April, 2013 Building* March, 2002 July, 2010

*1 Property sectionally owned or co-owned with other company *2 Property belonging to our consolidated SPC *3 Property's total area, including areas used for other purposes 16 Overview of Phase I (East Bldg.)

Overview of Building

 Site area: approx. 15,300 m2  Primary uses: Offices, stores, observation facility, (entire station area) parking, etc.  Floor area: approx. 181,000 m2  Size: 47 stories above ground and 7 basement levels  Height: approx. 230 m  Opening: November 2019

Observation Deck Facilities

One of Japan’s largest outdoor spaces (approx. 2,500 square meters) Highest in Shibuya: approx. 230 meters Viewing space that will provide a feeling of being in the sky

Offices High-quality offices covering a leasable area of approx. 73,000 sq. meters, one of the largest in the area around Phase I East Building Communication Facilities

Base for future collaboration where a variety of people will interact with each other to generate seeds that will in turn generate social value

Commerce Large commercial facilities with a store area of approx. 30,000 Commercial Facility Floor sq. meters

Phase II Phase II West Building Central Building

Outdoor Observation Deck Facilities, “SHIBUYA SKY” Logos and Images: Copyright Shibuya Station Area Kyodo Building operators

17 Effects of Shibuya Redevelopment

Greater convenience has been provided by improving accessibility of the urban core including the area around Shibuya Station, and visitor numbers have increased in connection with he expanded high-grade office floor area supplied.

Improved Accessibility Around Shibuya Station Impact for Tokyu’s Businesses  Vertical and horizontal movement around Shibuya Station has  Increase office floor area managed by Tokyu and vacancy rate become more convenient in Shibuya Ward Offering a steady supply of floor area to the Shibuya district in response to vigorous demand Urban Core Ped.traffic via deck (thousand Approx. m2) 8.43% 2 Station Ped.traffic 150,000 m 9% underground 150

100 5% Shibuya Scramble

Miyamasuzaka - Square 50 1%

East/Central / Dogenzaka Approx. 1.92% Shibuya West Tower Shibuya 20,000m2 Hikarie Fukuras Towards Shibuya 0 -3% Mark City

- 2012/3 2020/3 Ue Ue Shibuya ward verage vacancy rate of office Source: MIKI Tokyo Office Market Data

Ginza Transfer Line Concourse ■Shibuya Station (Toyoko Line / Den-en-toshi Line） Average daily passengers JR Lines Increase of approx. 110,000 passengers per day

JR 1st (10,000 Floor people) Approx. 1.21 million Concourse Approx. 1.1 million passengers 120 passengers

Den-en-toshi Toyoko Line 80 Line Fukutoshin Hanzomon Line Line 40

0 2012/3 2020/3 18 Shibuya in Around 2027

Before development Shibuya 2-Chome-17 District SHIBUYA STREAM Opening: FY2024(Plan) Opening: September 2018

Shibuya Hikarie Shibuya Station Sakuragaoka Exit Block* Opening: April 2012 Completion: FY2023(Plan)

SHIBUYA SCRAMBLE SQUARE East building Opening: November 2019

SHIBUYA SCRAMBLE SQUARE Central building・West building Opening: FY2027(Plan) Shibuya FUKURAS* Opening: November 2019 Hachiko Square Shibuya Mark City * Tokyu Land Corp. participates in an association

Images: Copyright Shibuya Area Management 19 Greater SHIBUYA (Wider SHIBUYA Area) Plan

Define Greater SHIBUYA as the area within a radius of 2.5 km of Shibuya Station and promote urban development as an area instead of as a point, to enhance the attractiveness of Shibuya and sustain growth.

Greater SHIBUYA Area within radius of 2.5 km Major real estate property list from Shibuya Station New National Shibuya Cast Open on Stadium April 28, 2017

Shibuya Scramble Square (Former Shibuya Station District) Yoyogi Park Open in November 2019 and 2027 Aoyama NHK Omote- Shibuya Fukuras sando (Former Dogenzaka 1- Shibuya Hikarie chome Ekimae District) Open on Shoto Complete in October 2019 April 26, 2012 The University of Shibuya Station Tokyo Jissen Women's University Shibuya Bunkamura Kokugakuin University

Shibuya Stream Ikejiri Open on Noh Theatre Hiroo September 13, 2018 Daikan- yama University of the Sacred Heart Shibuya Solasta Shibuya Bridge Ebisu (Former Nanpeidai Naka- Project) Open on September 13, 2018 meguro Complete on March 29, 2019

Shibuya Station Sakuragaoka Exit District Complete in FY2023

We actively generate business opportunities with a large-scale redevelopment x creative content industry x city tourism x accumulation of fascinating resources.

20 Redevelopment of the Area Around Shibuya Station (Plan view)

・An urban core that will make it convenient to move up and down in Shibuya, whose terrain is shaped like a mortar ・The urban core is a vertical space that is open to streets and moves people from basement levels and decks to floors above ground. Elevators and escalators connect multi-layered urban structures.

SHIBUYA SCRAMBLE SQUARE East building Shibuya Hikarie

SHIBUYA SCRAMBLE SQUARE Central/West building

Shibuya Hikarie (1) JR Line ticket gate Line (1) ticket gates (2)

1Ｆ

渋谷川

Ｂ3Ｆ

Ticket gates of the Toyoko Line and Fukutoshin Line on the Shibuya Hikarie side

Ｂ5Ｆ Urban Core

Illustration of an area around the future East Exit Urban Core SHIBUYA SCRAMBLE SQUARE(2)

Images: Copyright SHIBUYA SCRAMBLE SQUARE

21 Status of Property Ownership Around Shibuya Station ● SHIBUYA CAST* As of March 31,2020 Apr. 2017 ／ 34,981㎡ ● Bunkamura ● : Owned by Tokyu Corp. or its subsidiary ● : Owned by Tokyu REIT Sep. 1989 ／ 31,990m2 ● MAGNET by SHIBUYA109* Primary uses Oct. 1987 ／ 11,780m2 - Office – Shops - Apartments ● : Planned project ● Tokyu Department Store HONTEN Completion ／ Total floor area ● Shibuya Sumitomo Shintaku bldg. 2 ● Shibuya 2-Chome-17 * Property sectionally owned or co-owned (Flagship store)* Nov. 1967 ／ 61,460m ,etc. June 1962 ／ 3,270m2 District* with other company 2 Tokyo Metro FY2024 (plan)／44,560m ● TOKYU REIT Shibuya Udagawa-cho Primary uses 2 Fukutoshin Line Square July 1998 ／ 1,530m - Office – Shops - Parking etc. ● QFRONT JR Line Tokyo Metro Oct. 1999 ／ 6,690m2 Hanzomon Line ● cocoti ● KALEIDO Shibuya Miyamasuzaka ● SHIBUYA 109* Mar. 1979 ／ 16,290m2 Sep. 2004 ／ 11,850m2 Jan. 1992 ／ 4,475m2 Tokyo Metro ● TK Shibuya Higashiguchi bldg. ● Shibuya Mark City* Ginza Line Feb. 1966 ／ 1,480m2 Feb. 2000 ／ 138,620m2 Den-en-toshi Line SHIBUYA SCRAMBLE SQUARE Primary uses - Commercial facilities ● Shibuya Takugin bldg.* ● Shibuya Nichiei bldg. (Shibuya Station Block) Jan. 1983 ／ 4,820m2 Apr. 1985 ／ 2,120m2 - Office - Shibuya Excel Hotel Tokyu ● Shibuya Kyowa bldg.* ● Towa Miyamasuzaka Bldg. 2 2 ● Top Hill Namiki bldg. Sep. 1980 ／ 8,500m Feb. 1988 ／ 1,150m May 1989 ／ 1,068m2 Route 246 ● Shibuya Hikarie* Apr. 2012 ／ 144,550m2 ● Cerulean Tower 2 Primary uses Mar. 2001 ／ 105,950m Toyoko Line - Office - Tokyu Theatre Orb Primary uses - ShinQs - Hikarie Hall Meiji Street - Nohgakudo (Noh theater) ● Shibuya Higashiguchi bldg.* ● East Shibuya bldg. 2 2 - Office - Cerulean Tower Tokyu Hotel Jan. 1980 ／ 17,040m Mar.1985 ／ 1,650m ● Shibuya 2-chome bldg.* ● Takizawa bldg. JR Line ● Tokyu Nampeidai-cho bldg. Feb. 1971 ／ 1,770m2 Jan. 1982 ／ 1,101m2 July. 1992 ／ 7,000m2 500m ● TOKYU REIT Shibuya R bldg. ● Tokyu Sakuragaoka-cho bldg. 2 June. 1987 ／ 6,500m2 Mar. 1990 ／ 7,290m ● 100BANCHI Sep. 1976 ／ 1,056m2 ● SHIBUYA STREAM* ● SHIBUYA SCRAMBLE SQUARE ●Phase I (East Bldg.) Sep. 2018 ／ 116,000㎡ （Shibuya Station Block*） Nov.2019／ 181,000m2 ● Sakuragaoka Cherry Garden 2 Primary uses FY2027 (plan) ／ 276,000m2 Aug. 1981 ／ 3,415m - Office – Hall - Shops ● SHIBUYA BRIDGE - SHIBUYA STREAM Primary uses Excel Hotel Tokyu - Office - Shops Sep. 2018 ／ 5,642㎡ - Parking etc. - Observation facility - Parking etc. ● LOG ROAD DAIKANYAMA Apr. 2015 ／ 3,200m2

Map : MarketAnalyzer (Giken Shoji International Co., Ltd.), GSI website（https://www.gsi.go.jp/kikakuchousei/kikakuchousei40182.html ） 22 Office Market of Shibuya Area

Source: MIKI Tokyo Office Market Data Average vacancy rate of office Shibuya Five central wards of Tokyo （unit：%） 6 Vacancy Rate March 2020 1 Chuo-ku 1.14 % 4 3.03 2 Chiyoda-ku 1.33 % 1.92 3 Shinjuku-ku 1.64 % 2 4 Minato-ku 1.70 % 1.52 1.5 5 Shibuya-ku 1.92 % 0

Average rent of office

Shibuya Five central wards of Tokyo （unit：yen） 26,000 Rent of Office March 2020 25,000 1 Shibuya-ku 25,425 yen 24,000 23,000 2 Chiyoda-ku 24,470 yen 22,000 3 Minato-ku 23,090 yen 21,000 4 Chuo-ku 20,196 yen 20,000 5 Shinjuku-ku 19,986 yen 19,000

23 Effects of Futako-Tamagawa Redevelopment

New functions added by redevelopment Expansion of the Company's Business Office Hotel Cinema Complex ■Futako-Tamagawa Rise SC Tenant sales 45.0 (Unit : billion yen) 40.0 Exceeded 35.0 40.0billion yen 30.0

25.0 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 ■Average number of passengers using (Unit : Thousand people) Futako- a day Effects on the town 180 163 ■Increase in population 160 Increase of 60,000 (within a 1 km radius of Futako-Tamagawa Station) 140 people (58.2%) Increase of approx. 5.0％ 120 103 April 2015 April 2020 100 43,312 people 45,289 people 2010/3 2011/3 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 ■Office area ■Rise in land price (Property's total area, including areas (Unit : Thousand square meters) co-owned with other company) (price at a point 200 ｍ from Futako-Tamagawa Station) 90 Rise of approx. 59.2％ 70 Approx. 80,000㎡ If the land price in 159.2 50 January 2015 is 100 in January 2020 30

10 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 24 Effects of Minami-machida Grandberry Park Opening

An increase in visitors from a wide area was seen in connection with the opening of Minami-machida Grandberry Park.

Expanded trading zone Effects of the Opening of In addition to the core trading zone within a 10-km radius of Minami-machida Grandberry Park the location, visitors within a 20-km zone were strategically  Visitor data one month after the opening of Minami-machida targeted Grandberry Park (based on the number of passengers passing through ticket gates) Year-on-Year Station Name Train Lines Change Hachioji Nagatsuta JR 299% increase

Chuo-Rinkan Odakyu Enoshima Line 250% increase Futako Machida Tamagawa Mizonokuchi JR 252% increase Kawasaki Shibuya JR / Keio / Tokyo Metro Lines 152% increase

Minami- To Haneda Machida Airport  Comparison of Visitor Numbers Associated with Redevelopment (One-month Comparison) Yokohama Approx. 1.94 Ebina (10,000 people) million visitors 200 (Nov. 2019) 10 km ≈ 30 minutes by car 354% increase 150 Fujisawa Approx. 540,000 20 km ≈ 100 60 minutes visitors by car (Nov. 2015) 50

0 Grandberry Mall Grandberry Park 25 Future Development Plans

Tokyu Corporation will continue to steadily develop Shibuya, areas served by Tokyu Area and other sites based on its growth strategy.

イメージ Shinjuku TOKYU MILANO Shin- District Shibuya 2-Chome-17 District Redevelopment Plan Urban Redevelopment Project Type 1 Urban Redevelopment Project Type 1

Site area: Approx. 4,600 m2 Site area: Approx. 3,890 m2 Site area: Approx. 3,460 m2 Floor area: Approx. 88,000 m2 Floor area: Approx. 37,560 m2 Floor area: Approx. 44,560 m2 No. of Floors: 48 aboveground floors, 1 No. of Floors: 29 aboveground floors, 2 No. of Floors: 23 aboveground floors, 2 penthouse, 5 basement levels basement level basement levels Height: Approx. 225 meters Height: Approx. 100 m (high-rise Height: Approx. 120 m Uses: Accommodation facility, section) Uses: Offices, shops, parking theater, cinema complex, Uses: Apartments, public facilities, facilities, etc. shops, etc. shops, etc. Opening: FY2024 (planned) Opening: FY2022 (planned) Opening: FY2023 (planned)

* Tokyu Corporation is participating in the project * Tokyu Corporation is participating in the project as a consortium member as a consortium member 26 Development of Suburban Areas along Den-en-Toshi Line We aim for the sustainable development of the suburban areas along the Den-en Toshi Line in cooperation with governments, including the Yokohama City government and Kawasaki City government.

Yokohama City Kawasaki City

Den-en-toshi Line

Chuo-Rinkan Fujigaoka Tama-plaza Saginuma Shibuya

Fujigaoka Tama-plaza Saginuma

Partners: Yokohama City, Showa University Partners: Yokoyama City Partners: Kawasaki City Promoting the integrated development of Promoting tangible and intangible initiatives aimed Promoting a redevelopment project to facilities in front of the station, a hospital, at implementing work functions in suburban create a regional hub in front of the station and a park residential areas with a view to lateral development (The Miyamae Ward office and other public toward train lines with Tama-plaza as a model functions will move into the area) district

Set up of satellite office Hosting a seminar on CO-NIWA Tama-plaza starting a local Redevelopment conceptual image (inside DRESSER WISE business as a second Tama-plaza) career, etc. Illustration of the development

27 Utilizing Railroad Facilities Effectively As of March 31, 2020

Use of space under elevated Station premises, close to station (etomo) Utilization of railway premises railways Operating etomo facilities, community-based retail Actively using space that has been created Attracting restaurants having outstanding facilities directly connected to the station; aiming to after railways moved underground to enhance features and developing service functions, attract people to the station and the town the attractiveness of areas along Tokyu lines including nurseries, necessary for the town • etomo Chuo-Rinkan • LOG ROAD DAIKANYAMA • Underneath Naka- • etomo Jiyugaoka , etc. • Trainchi Jiyugaoka • Underneath Ikegami Line • GAKUDAI KOUKASHITA , etc. 12 facilities, 151 shops 2 facilities, 18 shops

Elevated railways

Moved Station premises, underground Use of space under elevated railways close to station (etomo) Utilization of railway premises

Nurseries and after-school day-care beneath elevated railways

Actively promoting the development of child-care facilities, etc. underneath elevated railways close to stations to realize the concept of “The most popular rail service areas in Japan for living: Areas served by Tokyu’s railway lines”

28 Relocation related Facilities As of March 31, 2020 Rental apartment business Senior residences business Other businesses

Development of three brands to meet Living environments of high quality that Tokyu Consultation service facilities in front of diverse lifestyle needs Group has developed through its services for stations to solve residence-related STYLIO – High-quality, close to the senior citizens in the areas served by Tokyu problems station lines (senior residences with services, nursing (Concierge of Residence and Living) STYLIO With – Community-based rental care services) properties Major facilities STYLIO X – conceptual rental properties Major facilities • Meguro • Tokyu Welina Ookayama Major Properties • Tama Plaza - STYLIO Shinagawa Oi Park Front • Ohana Tama Plaza - STYLIO Kajigaya - STYLIO With Kamiikedai Welina: 2 facilities 232 (units) 5 facilities Welina Care: 3 facilities 189 (units) Total: 30 facilities and 1,214 rooms Ohana: 10 facilities 459 (capacity)

STYLIO Shinagawa Oi Park Front Tokyu Welina Ookayama Concierge of Residence and Living Meguro 29 Real Estate Business Vietnam

Export an urban development package to fastgrowing Vietnam, leveraging our expertise cultivated in the Tokyu Tama Den-en-toshi area.

Binh Duong  Execution entity Province Urban development in Becamex Tokyu Co., Ltd. Binh Duong (2012 Established) Binh Duong New City  Location Route 13 Vietnam, Binh Duong Province, “Binh Duong New City” (Project area: approx. 110 hectare) Thu Dau  Mot City Profile of Binh Duong Province, Vietnam - Located 30 km north of the center of Ho Chi Minh City, Binh Duong Province is one of the key economic zonesin of Vietnam - The government of Binh Duong Province is proactive in Moonlight promoting business, and Binh Duong Province is one of the leading economic growth sectors in the country. Residences - With an influx of Japanese and other foreign companies into the industrial parks in recent years, the area is noted for its development potential  Overview of Binh Duong New City - Total development area: approx. 1,000 hectare Ho Chi Minh City - Development amalgamating government, industry, academia, housing and leisure © OpenStreetMap contributors - Aiming at population of 125,000 people  Status of Binh Duong New City Development (completed) (including development by other companies) Real Estate Sales and Management in Ho Chi Minh １ Binh Duong Province Administration Center ■Real Estate Sales ２ Becamex Hotel In Ho Chi Minh City etc , the Company ３ Head office of Becamex IDC participated in the joint project for ４ Convention and exhibition hall condominiums with the local developer. ５ Binh Duong Province Fire Department ■Real Estate Management ６ Binh Duong TV Established a comprehensive real estate management company jointly with ７ South Korea’s Chamber of Commerce and Industry Tokyu Community Corp. in March 2019, entrusting this company with ８ Social Insurance Bureau of Binh Duong management of offices, commercial ９ Binh Duong Development Investment Fund/ bank facilities, etc.

30 Urban Development in Binh Duong New City Condominiums for sale, Detached house commercial facilities Condominiums for sale

Name: HARUKA terrace Name: SORA gardens Ⅱ HARUKA residence Name: MIDORI PARK The VIEW 2 Total no. of residential units: 557 Total no. of residential units: 604 Building area: approx. 300 m – Building area: Building area: Total no. of residential units: 134 approx. 55 m2 –101 m2 approx. 35 m2 –102 m2 (phase Ⅰ – Ⅲ ) Start of sales: April 2019 Start of sales: September 2018 Start of sales: January 2020(phase Ⅲ)

Commercial Facilities Commercial Facilities Bus

Name: hikari Name: KAZE SHUTTLE Name: MIDORI PARK SQUARE Shop floor area: approx. 1,600 ㎡ Bus Services: total 6 lines , 11 routes Shop floor area: approx. 460 m2 No. of plots: 14 units Nearby commercial facilities shuttle bus No. of plots: 3 units Opening date: January 2015 Opening date: commenced full-scale Opening date: October 2019 (Plan to expand at the end of 2020) operation as of December 2014 31 Residential Business in Thailand

Dwellings built for sale in Bangkok Bangkok (Dwellings for sale business) ■ Overview of Business The Company is developing the dwellings for sale business in Bangkok in cooperation with the local major developer. ■ Project Implementing Body Three companies, including Siri TK One Company Limited, a joint venture. Sriracha (Dwellings for rent business) ■ Overview of Property

No. 1 No. 2 No. 3

The Base Name taka HAUS XT Ekkamai Sukhumvit 50

Number of 269 units 537 units 415 units Dwellings for rent offered to Japanese in Sriracha units ■ Overview of Sriracha Planned 2020 - Approximately 100 km southeast of Bangkok. 2019 2019 completion (plan) - Many Japanese companies have moved. One of the largest Japanese towns in the world. ■ Overview of Business - Supplying rental apartments to Japanese expatriates and their families as the main customers. ■ Project Implementing Body Saha Tokyu Corporation Co., Ltd. (Established in 2014) ■ Overview of Property 1.Name: HarmoniQ Residence Sriracha Number of units: 180 (2LDK: 122 m2, 3LDK: 122 m2 – 139 m2) Opening date: April 2016 2.Name: GREEN LIFE Sriracha Number of units: 75 (1BR: 51 m2, 2BR: 68 m2) Opening date: January 2020 Renewal open HarmoniQ Residence Sriracha taka HAUS in Bangkok

An environment in which families can live their lives safely and comfortably is provided. 32 Yanchep District Land Development in Western Australia Commence an employment promotion project (enticement of companies and education facilities, etc. and leasing and sale of plots), in addition to the ongoing development and sales business of residential land, in Yanchep located in the suburbs of Perth, the fourth largest city in Australia where population is growing. Local subsidiary ・Yanchep Sun City PTY.LTD. ・ST Andrews Private Estate PTY.LTD. Housing development joint venture Area being developed approx. 2,100 hectares (owned by Tokyu Corporation and its subsidiary) Northern Territory ■ Railway: Arrives within 11km to the south

■ Freeway: Arrives within 16 km to the south Western Australia Queensland ■ Main road: Opened in November 2008 ● Brisbane South Australia Yanchep Perth New South ● ● Wales ● Sydney Extension of Joondalup Line Adelaide ● Victoria Butler* ● Melbourne Joint project for urban development (facilities for Clarkson Marmion Avenue cooperation among industry, government and academia) （highway） Tasmania Progress and Future Plans Joondalup 1995: Signed an MOU with the government of Western Australia

Joondalup Line Mitchell 1999: Signed a Strategic Cooperation Agreement (SCA) with the (railway) Freeway government of Western Australia （highway） 2004: Entered a joint venture on the development of residential lots 2006: Launched a joint employment promotion project 2012: Shopping center opened by a local partner 2013: The joint venture on the development of residential lots was selected as the best project in all of Australia 10km Perth 2020: The government of Western Australia starts work on © OpenStreetMap contributors the extension of the railway to Yanchep Station. 2022: Yanchep Station is plan to open. 33 Concept Behind the Life Service Business

Continuously improve the TOKYU area’s value and life value

Transportation Business Real Estate Business

Life Service Business

“IENAKA” service Stores and services downtown

CATV Internet Telephone Department stores Supermarkets

Electricity & Gas Smart home Tokyu Bell Shopping Center After-school day-care / Preschool childcare Security service&Elderly care service Sports / Culture schools Cinema Complex

POINT / Credit cards Outdoor / Transport advertising Smartphone payment solution

34 Major Commercial Facilities along the Tokyu Lines As of April 1, 2020 ●Naka-meguro、Gakugei-daigaku、 ●Shibuya - Tokyu Dept. Store’s Head Store ●Saginuma ●Futako-tamagawa Toritsu-daigaku - SHIBUYA SCRAMBLE SQUARE Phase I (East Bldg.) - Fullel Saginuma - Futako Tamagawa Rise - Underneath Naka-meguro Station - GAKUDAI KOUKASHITA - SHIBUYA 109 Shopping Center Tokyo - Underneath Toritsu-daigaku Station - MAGNET by SHIBUYA109 ●Tama-plaza - etomo Yutenji - Shibuya Mark City - Tama Plaza Terrace Shibuya - Shibuya Hikarie “ShinQs” - Tokyu Dept. Store’s ●Mizonokuchi (Tokyu Dept. Store) Tama-Plaza Store - etomo Mizonokuchi - cocoti - SHIBUYA CAST. ●Azamino - SHIBUYA STREAM - SHIBUYA BRIDGE - Azamino Gardens - AZAMINO MIKITEI ●Daikan-yama - etomo Azamino - LOG ROAD DAIKANYAMA Futako-tamagawa ●Eda ●Gotanda Jiyugaoka - etomo Eda - remy gotanda *Name changed to Gotanda Tokyu Square on April 24 - Underneath Ikegami Line Gotanda Station ●Ichigao - etomo Ichigao ●Musashi-koyama - etomo Musashi-koyama ●Aobadai - Aobadai Tokyu Square ●Unoki ●Oimachi - etomo Unoki - etomo Oimachi ●Machida - Machida Tokyu Twins ●Den-en-chofu ●Jiyugaoka - Tokyu Square Garden-Site - remy machida - Fullel with Jiyugaoka - Trainchi Jiyugaoka ●Musashi-kosugi - etomo Jiyugaoka ●Nagatsuta - Musashi Kosugi Tokyu Square - etomo Nagatsuta - Underneath Musashikosugi ：Shopping Center Station ：Department Store ●Minami-machida ●Center Minami - Underneath Between Chuo-rinkan ：Tokyu Food Show e.t.c - MINAMI-MACHIDA - Kohoku Tokyu S.C Shin-maruko Station and ：Tokyu Store GRANDBERRY PARK - VeLeV Musashi-kosugi Station ：etomo (directly connected to the station) Yokohama ：spaces under elevated railways ●Chuo-rinkan ●Hiyoshi ●Minatomirai - Hiyoshi Tokyu Avenue ：Other commercial facilities - etomo Chuo-rinkan - Minatomirai Tokyu Square ：Tokyu Line - Chuo-rinkan ：Minatomirai Line Tokyu Square ●Tsunashima ：Shinkansen etomo Tsunashima ：Other railways ・Map : MarketAnalyzer (Giken Shoji International Co., Ltd.) - 35 Stores and Services Downtown (1)

As of March 31, 2020

Department stores Shopping Center Supermarkets (Tokyu Store) (Tokyu Dept. Store) (Tokyu Malls Development, Shibuya 109 Entertainment ) • In November 2019, opened +Q, • In November 2019, Minami-machida • In November 2019, opened Tokyu Store 428-224, and Tokyu Foodshow EDGE, Grandberry Park opened together with a Food Station Mini (new category) in new categories of stores for fashion, new station, commercial facilities, and a Futako-tamagawa Station beauty, food, and more in SHIBUYA park SCRAMBLE SQUARE • Development of community-based Tokyu Store 71 stores • Opened the second ShinQs Beauty commercial facilities connecting station and Food Station 6 stores palette, a beauty shop, town, based on characteristics of each Precce, etc. 8 stores in Minami-machida Grandberry Park station, including suburban (Tama Plaza (No. of stores: current as of Feb. 29, 2020) Terrace), urban (Minatomirai Tokyu 7 stores in Japan, 1 store overseas Square), and station-connecting (etomo) *Food Station is a small store focusing on safe, facilities reliable, and healthy food and convenience *Precce is a specialty food center that offers goods and services that are one notch above 33 centers in Japan, 1 center overseas those at other supermarkets

Tokyu Foodshow EDGE Minami-machida Grandberry Park Tokyu Store Food Station Mini in Futako-tamagawa Station 36 Stores and Services Downtown (2) As of March 31, 2020

Childcare (after-school day-care, Cinema Complex Culture schools preschool childcare) (Tokyu Recreation) (Tokyu Seminar BE) (Tokyu Kids Base Camp) • Developing private after-school day-care • Operating 109 Cinemas complexes • Operating five convenient cultural primarily in areas served by Tokyu railway nationwide centers near stations lines • Commissioned to plan and operate (Futako-tamagawa, Jiyugaoka, • Commissioned by local governments to film festivals Yukigaya, Aobadai, and Tama-plaza) operate children’s houses, after-school children’s clubs, etc. • Developing company-sponsored nurseries 19 facilities, including Futako- Number of members: approx. 10,000 in areas served by Tokyu railway lines tamagawa and Kohoku (As of Feb. 29, 2020) After-school day-care: 23 facilities Commissioned operation of public facilities: 23 facilities * Closure of all schools planned for Preschool childcare: 4 facilities September 28, 2020

Sports facilities Travel agency Ekinaka shops (Tokyu Sports System) (Tokyu Travel Salon) (Tokyu Station Retail Service, Tokyu Gourmet Front, etc.) • Operating Atrio Due gyms as well as • Development of JTB-branded travel swimming, golf, tennis, and football agencies directly operated by Tokyu Operating a variety of shops and schools, etc. Corporation near and inside stations of restaurants on the premises of stations the Tokyu lines on Tokyu railway lines • Selling gift coupons (JTB gift coupons, travel coupons) LAWSON+toks: 39 shops Workout gyms: 6 facilities 13 agencies, including Futako-tamagawa Shibusoba (soba restaurants on station Other facilities: 15 facilities Station and Jiyugaoka Station travel premises): 13 restaurants agencies etc.

37 “IENAKA” Service As of March 31, 2020 CATV Home Convenience (its communications Inc.) (Tokyu Corporation) • Providing local information infrastructure, • Tokyu Bell delivers food items and daily including multi-channel broadcasting, Internet necessities and provides IENAKA service, connections, telephone service, etc. which helps make homes in areas served by • Contributing to communities by sending Tokyu railway lines more convenient and information on local governments and disaster comfortable places to live, including prevention in cooperation with government housecleaning and homemaker service. Number of households connected: E-commerce services, including Tokyu Store TV: 950,000 Online Supermarket: 3 services Internet: 280,000 IENAKA service: 62 services Telephone: 200,000

Electricity & gas Security (Tokyu Power Supply) (Tokyu Security)

• Providing electricity and gas retail service to • Providing security services to homes and homes commercial facilities served by Tokyu railway • Providing new energy and living experiences lines and stations from the viewpoints of consumers. For • Providing a child monitoring service, which example, the Company is running a “cool sends information when children pass stations sharing” campaign, which saves electricity at on Tokyu railway lines, get on Tokyu buses, homes when there is nobody there in summer, and pass primary school gates when demand for power increases, and is proposing energy saving, which is fun. Home security: 79,000 users Children monitoring service: 66,000 users Electricity service: 230,000 households Gas service: 120,000 households

38 Creating Added Value by Combining Life Services

As of March 31, 2020

TOKYU POINT TOKYU ROYAL CLUB Smartphone payment .pay (Tokyu Corporation, Tokyu Card) (Tokyu Corporation) (Tokyu Corporation)

• Issuing TOKYU CARD, a credit card • Customers are invited to three • “.pay” is a service that gives payment and marketing functions to with points, called TOKYU POINTs, member stages according to their use sales promotion apps for retail which are accumulated in day-to-day of the products, services, and facilities facilities, etc. life of . A variety of benefits • Offers contactless payment options • Points are accumulated through are given to them. and contributes to the strengthening shopping. PASMO card can be • The members magazine, “Fino,” of contact with customers • The Company provides service in recharged using TOKYU POINTs at provides special experiences and collaboration with NTT DATA ticketing machines for Tokyu railway goods as gifts every month. Corporation lines. Number of members: 60,000 Number of point members: 2.51 million

39 In-house Services Using Cable Infrastructure

Internet Phone Power Mobile TV Service Gas IoT service Service Service Service Service

its communications its communications its communications, Cable Television Shinagawa Cable Television Shinagawa Cable Television Shinagawa Yokohama Cable Vision, YOU Communications Yokohama Cable Vision Yokohama Cable Vision Izukyu Cable Network YOU Communications YOU Communications Along the Tokyu Lines Nationwide

10km 東急線 Tokyu Line, Minatomirai Line みなとみらい線 Tokyo 新幹線Shinkansen Cable operators provide Tokyu electricity & gas service. その他のＪＲ線、私鉄線Other railways Shibuya

20km • Cable operators are distributors of Tokyu Power Supply. • Tokyu Power Supply has distributors outside the areas served by 30km Futako-tamagawa Jiyugaoka Tokyu railway lines. The cable operators have 11 distributors, 大井町 Cable Television Shinagawa including 4 distributors operating in the areas served by Tokyu ケーブル Number of subscribers: 230 thousand railway lines. テレビ品川 イッツ・ its communicationsコミュニケーションズ

Number of subscribers: 1,400 thousand Kamata Haneda Airport Aobadai YOUテレビ Kawasaki

Chuo-rinkan * Part of the coverage areas is excluded. Some areas YOU Communications are served by more than one cable TV operator. 横浜ケーブル Number of subscribers: 570 thousand * Yokohama Cable Vision Inc. and You Communications ビジョン Corp. are related companies. Yokohama Cable Vision Number of subscribers: 290 thousand 図、数字：TR・AMSにて作成 地図：Copyright 国際航業-住友電工 Izukyu Cable Network

Motomachi-Chukagai Number of subs. in coverage area: Approx. 50,000 households Coverage area: Yugawara-machi, in and Atami-shi, Itoh-shi, As of March 31, 2020 and part of Higashi-izu-cho in Shizuoka Prefecture Graphic: Prepared with TR, AMS MAP: Copyright Kokusai Kogyo – Sumitomo Electric Industries 40 Transit and Outdoor Advertising Media

• The Company has transit advertising media in the areas served by the Tokyu railway lines and Tokyu bus advertising media, free magazine SALUS distributed in areas served by Tokyu railway lines, and outdoor advertising media in an area around Shibuya Station, which has one of the largest concentrations of outdoor advertising media in Japan, and sells them as TOKYU OOH.

Initiatives to enhance information provision capabilities in Shibuya

Advertising around the scramble intersection that has a large Advertisements covering all of Shibuya Station impact • In April 2019, the Company started to operate Big Signage • In January 2019, the Company started to operate a “TV screen in front of Premium, the world’s largest OOH COB LED screen. Shibuya Station,” a large TV screen in front of the scramble intersection. • The Company can display the same advertisement on the (The second TOKYU OOH TV screen in Shibuya) signage and other media close to it at the same time so • Five screens—the TV screen in front of Shibuya Station, Q’S EYE on a side that the advertisement can cover the whole station. wall of Q FRONT, DHC Channel, Glico Vision, and 109 Forum Vision—can display synchronized films (see the part of the photo below in the red frame).

* COB: Chip On Board: A concentration of LED chips are put on the board.

←渋谷駅前ビジョンTV screen in front of Shibuya Station

41 Hotel Facilities

Network of Tokyu Hotels

• 45 hotels with 12,413 rooms nationwide • 4 hotels in Shibuya, and 11 hotels in Tokyo • SHIBUYA New hotels that opened: Cerulean STREAM 2 hotels in FY2020 Tower Excel Hotel 2 hotels in FY2022 Tokyu Hotel Tokyu

The Capitol Hotel Tokyu Kawasaki King Sky Front Tokyu REI Hotel

Luxury resort City Middle Reliable and gracious service providing Relaxing and comfortable service satisfying It’s the little things we do that dignified yet warm hospitality discerning tastes give our guests comfort and joy • The Capitol Hotel Tokyu • Shibuya Excel Hotel Tokyu • Shibuya Tokyu REI Hotel • Cerulean Tower Tokyu Hotel • SHIBUYA STREAM Excel Hotel Tokyu, • Kawasaki King Sky Front Tokyu REI • Miyakojima Tokyu Hotel & Resorts, etc. etc. Hotel, etc. 14 hotels with 4,350 rooms 10 hotels with 2,991 rooms 21 hotels with 5,072 rooms

* The numbers of hotels and rooms include those of franchise hotels and those operated under management contract arrangements. As of March 31, 2020 42 Opening of Tokyu Hotels Shinjuku TOKYU MILANO Yokohama Tokyu REI Hotel Fujisan Mishima Tokyu Hotel Redevelopment Plan • Opened June 5, 2020 • Opened June 30, 2020 • To be opened in FY2022 • • The hotel is designed to suit millennials’ • An urban resort hotel acting as a tourism hub Opening of a high-rise multipurpose facility lifestyles so that they will feel comfortable. for leisure customers from within Japan and composed of entertainment facilities and more, targeting travelers seeking new urban cultural abroad. • Includes a co-working space and novel experiences. restaurant fusing western and Chinese cuisine. • Includes hot spring facilities with a view of Mt. • Installation of a rooftop area over 100 m above Fuji from top floor and a restaurant that uses • Guest rooms: 234 the ground. local foods. • Guest rooms: approx. 700 • Guest rooms: 195

Kyoto Former Shirakawa Elementary School Area Hotel Plan • To be opened in summer 2022 • A hotel to experience Kyoto traditions and culture with a museum hotel concept, targeting leisure customers from within Japan and abroad. • Guest rooms: approx. 170

43