March 15, 2017

TOKAI Holdings Corporation
Katsuhiko Tokita, President & CEO(Code No. 3167 Tokyo Stock Exchange First Section)
To whom it may concern

Notice of Business Alliance with Izukyu Cable Network Co., Ltd.
- Development of TLC through provision of our group delivery water service TOKAI Corporation, a wholly owned subsidiary of the Company, concluded a wholesale basic
agreement on the sale of home delivery water with Izukyu Cable Network Co, Ltd. ("IKC") on
March 13, as shown in the attached document.
The Company has begun offering natural water pumped up at Asagiri Plateau of footof Mt Fuji (Fujinomiya City, Shizuoka prefecture) since 2007, and the number ofdomestic customers directly sold by our company reached 135 thousand at the end ofDecember 2016.
IKC is a CATV operator that provides services such as broadcasting, telecommunication, andtelephone to approximately 26 thousand households in Atami City, Ito City and Kamogun
Higashiizucho Shizuoka prefecture and Yugawara district Kanagawa prefecture.
The CATV business operated by IKC is a business highly compatible with life related
services such as internet and energy as well as Aqua (home delivery water) service, from thebusiness characteristics that the close contact with the area is strong as infrastructure service.
We believe that there is great significance in contributing to the expansion of the lineup ofliving services offered by IKC through this alliance.
The Group will strive to realize TLC (Total Life Concierge) which comprehensively provides
services related to people's lives. In addition, we will aim for the realization of TLC by proceeding
alliance with business operator providing comprehensive living service like our group by offering
products or services handled by the Group.

Contact: Yoshihiro Taniguchi
Public Relations and Investor Relations Office
TEL: +81-(0)54-273-4878
Email: overseas_IR@tokaigroup.co.jp

March 15, 2017
TOKAI Corporation
To whom it may concern

Conclusion of a contract concerning sales of "Tasty Water Delivered to yourDoor" with Izukyu Cable Network Co, Ltd in the Aqua businessAs described below, on March 13, 2017, TOKAI Corporation (Headquarters: Shizuoka City,Shizuoka; President & CEO: Katsuo Oguri) and Izukyu Cable Network Co, Ltd. (Headquarters:Atami City, Shizuoka; President & CEO: Riki Okumura) signed a sales contract for "Oishii Mizu noTakuhaibin" (Tasty Water Delivered to your Door).
1． About our Aqua businessIn the Aqua business which started in November 2007, provide services as a main product ofnatural water “rich in mineral ingredients” which is the grace of Mt Fuji for Shizuoka
Prefecture as “Asagiri no Shizuku” (Returnable bottle system) and for whole country as“Ulunom”(One way bottle system). As of the end of December 2016, 135 thousand domestic
customers have used our service; this is ranked sixth in terms of the number of customers ofnationwide delivery water operators.
In Shizuoka prefecture, we have 70 thousand customers with top share (51%)*2 under thebrand name "Oishii Mizu no Takuhaibin" (Tasty Water Delivered to your Door)".

2． About Conclusion of sales contract for "Oishii Mizu no Takuhaibin" with
Izukyu Cable Network Co, Ltd
Izukyu Cable Network Co, Ltd. is an operator mainly based on Cable Television Broadcasting(CATV) business which is the target for Atami City, Ito City, Kamo-gun Higashi Izu Town inShizuoka prefecture and Yugawara District in Kanagawa Prefecture.
By concluding this sales contract, we will provide high added value natural water to theircustomers.
In addition, we believe that by utilizing the sales network and sales force of Izukyu Cable
Network Co, Ltd., we could deliver our safe and high quality natural water to more customers.
We will continue to make sales channel diversify and expand by working with business operatorsthat have customer base, and will aim for further growth of the Aqua business.
*1 “Current and future of mineral water market: 2016 Edition” by Yano Reserch Institute Ltd.
*2 As of February 2017, according to our own research

For enquiries
Representative: Tajima
Sales department, Aqua Division, Aqua Headquarters, Tokyo Head Office
TEL: +81-(0)3- 5404- 2793