April 5, 2024
For Immediate Release
Company Name:
Representative Name:TOKAI Holdings Corporation
Katsuo Oguri, Representative
Director, President and CEO(Code No. 3167, TSE Prime Market)

Announcement of Joint Venture Establishment in Indonesia
TOKAI Holdings Corporation (the "Company") hereby announces that its consolidated subsidiary, TOKAI
Communications Co., Ltd. (Headquarters: Aoi-ku, Shizuoka City, Shizuoka Prefecture, President and CEO: Tsuyoshi
Takahashi, hereinafter referred to as "TOKAI COM"), engaged in the information and communication business, hadestablished a joint venture company to expand cloud service-related business for the Indonesian market with PT
Sisnet Mitra Sejahtera (Headquarters: South Jakarta City, President Director: Adres Ginting, hereinafter referred toas "Sisnet") on April 2, 2024.
Details
1. Background and Objectives of Joint Venture Establishment
In Indonesia, it is anticipated that the population bonus period will continue until around 2040, leading to significant
growth in the IT market, and a rapid shift towards cloud adoption is predicted in the future.
Sisnet has been operating a business primarily focused on IT-related services for financial institutions and othersin Indonesia, including cloud implementation support services.
In light of this, TOKAI COM and Sisnet have established a joint venture company in Indonesia with the aim ofcreating synergy by sharing their knowledge and expertise, and expanding the cloud service-related business andcloud talent development business, primarily in Jakarta.

2. Overview of the Joint Venture Company(1) Company NamePT TOKAICOM Mitra Indonesia(2) Location
South Jakarta, Republic of Indonesia(3) Establishment
April 2, 2024
(4) Capital
18 billion IDR(5) Ownership Ratio
TOKAI COM : 60%
Sisnet : 40%(6) Business Overview
Cloud service-related business
Cloud talent development business13. Overview of the Joint Venture Partner(1) Company NamePT Sisnet Mitra Sejahtera(2) Location
South Jakarta, Republic of Indonesia(3) Year of Establishment
2004(4) Representative
Adres Ginting(5) Capital
2.5 billion IDR(6) Revenue
58.4 billion IDR (2022)(7) Business Overview
IT-related services for financial institutions
Cloud solutions(Implementation support, migration, managed services)
IoT solutions
Software as a Service (SaaS)

4. Future outlook
We recognize that the impact of this matter on our consolidated financial results for the fiscal year ending March2025 will be minimal.

(Reference)■About TOKAI Communications Co., Ltd.
As a company responsible for our group's information and communication business, TOKAI Communications
is committed to supporting the information society from its foundation and further accelerating the speed ofcommunication. We provide a wide range of services in three main pillars: "Telecommunication Business,""System Integration Business," and "Data Center Business." Through these services, we strive to offer optimal
solutions to both corporate and individual customers.

Contact for inquiries
TOKAI Communications Co., Ltd.
Corporate Sales Division, Technology Development Department, Cloud Technology Department
E-Mail：csol@tokai-grp.co.jp Website：https://cloudsolution.tokai-com.co.jp/

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