For Reference Only
September 10, 2018
Issuance of Tokyo Century Green BondTokyo Century Corporation (“Tokyo Century”) announced today that the company has decided to issue an
unsecured green bond in public offering as outlined below.
Green bonds refer to bonds issued by companies, local governments, or other organizations to raise funds forgreen projects that aim to resolve environmental issues, including projects for: renewable energy; construction
and refurbishment of energy efficient buildings; pollution prevention and control; and others.
Tokyo Century will issue a green bond to allocate for leasing solar power generation facilities for its subsidiary,Kyocera TCL Solar LLC (Kyocera TCL Solar). The Tokyo Century Green Bond has been assigned GA1(preliminary), the highest rating by Rating and Investment Information, Inc. (R&I) as a result of the R&I Green
Bond Assessment*1 as an external review. R&I also provided a second opinion that the green bondframework is aligned with the Green Bond Principles (GBP) 2018 and Green Bond Guidelines 2017. This isR&I’s first second opinion since it started providing its second opinion in September 2018, apart from thecurrent five-scale rating assignment to green bonds. The expenses for the external review is eligible for theFinancial Support Programme for Green Bond Issuance (Subsidy Project)*2 undertaken by the Ministry of theEnvironment.
Under the management philosophy, Tokyo Century Group will work alongside customers in pursuit of their
growth as a highly specialized and unique financial services company, and will contribute to the creation of anenvironmentally-sound, sustainable economy and society. The company has been accelerating its initiativesof high social significance, including greenhouse gas reduction, energy self-sufficiency improvements andothers. Kyocera TCL Solar has been operating and managing solar power plants in 67 sites across Japanwith approximately 258.1 MW*3 of total output since the company was established in August 2012. Tokyo
Century is committed to take initiatives on global environment conservation and renewable energy to realize
an environmentally-sound, sustainable economy and society while promoting to diversify financing method
through this green bond issuance.
The Outline of Tokyo Century Green BondMaturity

5 years

Issue amount¥10,000 million (scheduled)

Issue date

October 2018 (scheduled)

Underwriters

Mizuho Securities Co., Ltd. (Structuring Agent)
Nomura Securities Co., Ltd.

-1-*1 R&I Green Bond Assessment: R&I conducts evaluation regarding the extent to which the proceeds from green bonds are used toinvest in projects with environmental benefits, based on the evaluation criteria included in the GBP. In R&I Green Bond Assessment,
it assigns the evaluation results in five-scale rating and monitors the bonds until they are redeemed. R&I may provide a second
opinion in addition. Second opinion is aimed to assess if a green bond framework established by an issuer or related entities is inconformity to the GBP and others.

*2 Subsidies will be provided for the expenses that are required by registered issuance supporters those who support companies,
municipalities and other bodies who seek to issue green bonds, in the form of granting external reviews, consultation on
establishing a green bond framework and others. Subsidies will be provided to the green bonds those utilize the entire proceedsfrom the issuance of green bonds to invest in green projects and meet all the following requirements at the time of issuance.

(1) A Green Project that meets one of the following criteria at the time of issuance:a) Contributes mainly to domestic decarbonization (renewable energy, energy efficiency and others)- Projects for which roughly half of the procured amount or about half of the number of projects is domestic
decarbonization-related projectb) Has high decarbonization and effects on vitalization of local economy- Decarbonization effects: Those whose subsidy amount per ton of domestic CO2 reduction is less than the specifiedamount- Effects on vitalization of local economy: Projects that are expected to contribute to effects on vitalization of local
economy as part of the ordinance and plan and others decided by the municipality, projects for which investment bymunicipalities can be anticipated and others(2) A green bond framework is reviewed by external organization before issuance that it is in conformity to the Green Bond
Guidelines(3) It shall not fall under “green wash bond”*3 Total output of the plants in operation as of August 31, 2018###Contact Information:Tokyo Century Corporation
Investor Relations Division
Keisuke Yamashita
Inquiry: https://www.tokyocentury.co.jp/en/contact/form.php
Phone: +81-3-5209-6710(Note) This translation is prepared and provided for reference only. In the event of any discrepancy between this translated
document and the original Japanese document, the original document shall prevail.

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