Main Subsidiaries and Affiliates Company Profile / Stock Information (as of March 31, 2019) Top Commitment Consolidated Subsidiaries Company Profile Major Shareholders Ownership of Location Principal business voting rights (%) Trade name * Number of Ratio of shares shares held to total Transportation Infrastructure Business (Transportation Segment) Name Established* September 2, 1922 (thousand shares Tokyu Railways Co., Ltd. Railway business 100.0 shares) outstanding (%) Head office 5-6 Nampeidai-cho, Shibuya-ku, Tokyo The Dai-ichi Life Insurance Izukyu Corporation Japan Railway business 100.0 150-8511 38,737 6.36 Company, Limited Ueda Dentetsu Company Japan Railway business, real estate leasing business 100.0 Representative Kazuo Takahashi The Master Trust Bank of Japan, Ltd. 37,207 6.11 Tokyu Bus Corporation Japan Automotive transportation business 100.0 (Trust Account) Features Jotetsu Corporation Japan Bus business, real estate business 65.4 Paid in capital 121,724,000,000 yen Japan Trustee Services Bank, Ltd. 28,145 4.62 Sendai International Airport Co., Ltd. Japan Airport management 43.0 Number of employees 4,666 (Trust Account)

Tokyu Techno System Co., Ltd. Japan Maintenance and remodeling of railway carriages and buses, etc. 100.0 Business Real estate leasing business, Nippon Life Insurance Company 23,527 3.86 real estate sales business, other businesses Sumitomo Trust Bank, 22,395 3.68 Limited Urban Development Business (Real Estate Segment) Listed exchange Tokyo Stock Exchange (First Section) Japan Trustee Services Bank, Ltd. Tokyu Facility Service Co., Ltd. Japan Comprehensive management of buildings and structures 100.0 10,656 1.75 Accounting auditor Ernst & Young ShinNihon LLC (Trust Account 5) Tokyu Geox Co., Ltd. Japan Sale of gravel, sand, crushed stone and nonmetallic ore 89.6 Mitsubishi UFJ Trust and * Trade Japanse name and business description changed on September 2, 2019 9,993 1.64 Yanchep Sun City Pty Ltd Australia Residential land development business, land management business 100.0 Banking Corporation Value Creation Story St Andrews Private Estate Pty Ltd Australia Urban development business 100.0 Mizuho Bank, Ltd. 9,906 1.63 Real estate development business, real estate sales business, MUFG Bank, Ltd. 9,845 1.62 Becamex Tokyu Co., Ltd. Vietnam 65.0 real estate leasing business Stock and Shareholder Status Taiyo Life Insurance Company 9,566 1.57 Type of stock issued Common stock * Excluding treasury shares Lifestyle Service and Retail Business (Life Services Segment) Tokyu Department Store Co., Ltd. Japan Department store operations 100.0 Authorized shares 900,000,000 shares Nagano Tokyu Department Store Co., Ltd. Japan Department store operations 57.9 Shares outstanding 624,869,876 shares Distribution by Shareholder Tokyu Store Chain Co., Ltd. Japan General retailing chain store operations 100.0 Number of shareholders 78,441

TMD Corporation Japan SC planning, development and management business 100.0 Treasury shares Government and Strategies and Achievements by Business 15,556,000 shares public bodies Tokyu Card, Inc. Japan Credit card operations 100.0 (2.49%) 12,000 shares (0.00%) Tokyu Station Retail Service Japan Management of station kiosks 100.0 Individuals and Tokyu Recreation Co., Ltd. Japan Video, sporting leisure and real estate leasing business 50.3 other shareholders 162,269,000 shares Total its communications Inc. Japan Cable television (broadcasting, communications) and smart home business 100.0 (25.97%) Financial institutions 624,869,000 shares 303,788,000 shares Tokyu Security Co., Ltd. Japan Mechanical security, facilities security and patrol security services 100.0 (48.62%) Foreign investors Tokyu Agency Inc. Japan Advertising agency services 98.6 117,793,000 shares (18.85%) Tokyu Power Supply Co., Ltd. Japan Electricity retailing and gas agency operations 66.7

Other Japanese Securities firms Governance corporations 5,496,000 shares Hospitality Business (Hotel and Resort Segment) 19,953,000 shares (0.88%) (3.19%) Tokyu Hotels Co., Ltd. Japan Hotel management and commissioned hotel management 100.0 Tokyu Linen Supply Co., Ltd. Japan Manufacture, leasing, sale and laundry of various textile goods, etc. 100.0 Three Hundred Club Co., Ltd. Japan Golf course operations 98.8 Stock Price and Volume (Yen) (Thousand shares)

2,500 100,000

Equity-method Affiliates Management Sustainability 2,000 80,000 Ownership of Location Principal business voting rights (%) Group business management operations Tokyu Fudosan Holdings Corporation Japan 16.1 1,500 60,000 (Tokyu Fudosan Holdings Group) Urban business, housing business, wellness business, Tokyu Land Corporation Japan — next-generation and related businesses 1,000 40,000 Tokyu Community Corp. Japan Support services for apartment living, building management business — Property brokerage business, new construction sales agency business, 500 20,000 Tokyu Livable, Inc. Japan — real estate sales business Tokyu Construction Co., Ltd. Japan Contracting of civil engineering and construction work 15.1 0 Apr Apr Apr Apr Apr Mar Seikitokyu Kogyo Co., Ltd. Japan Road construction business, manufacture and sale of road materials 4.0 2014 2015 2016 2017 2018 2019 Stock price (left axis) Volume (right axis) * Figures adjusted to reflect a reverse stock split effective as of August 1, 2017

74 75