April 9, 2021

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

Notice of Acquisition of Shares of Marco Polo Co., Ltd.
(for a consolidation as a subsidiary)
TOKAI CORPORATION (Head Office: Shizuoka City, Shizuoka Prefecture; Representative Director and President:
Katsuo Oguri; hereinafter referred to as “TOKAI”), a 100% subsidiary of TOKAI Holdings Corporation, today
made Marco Polo Co., Ltd. (Head Office: Toyota City, Aichi Prefecture; Representative Director: Koji Kuroda;
hereinafter referred to as "Marco Polo") a subsidiary of TOKAI, after entering into a share transfer agreement toacquire its shares. Details are as follows.

1. Reasons for the acquisition of shares
The market for large-scale repair work is expected to continue to expand in the future due to an increase in thenumber of buildings that reach the age required for large-scale repair work due to deterioration over time, against
the background of an increase in the number of new condominiums and other buildings in stock.
Centering around the LPG and bottled water delivery business, which has a nationwide customer base of
approximately 900,000 customers, TOKAI is also engaged in the construction, facility construction and real estate
trading businesses in Shizuoka, Aichi and Kanagawa prefectures. In particular, the facility construction business,
centered on construction, water supply, drainage, and air conditioning, is operated both in the public and private
sectors. Especially in Shizuoka Prefecture, the company is involved in renovation work (repair work) not limited to
new construction.
Based in Toyota City, Aichi Prefecture, Marco Polo is engaged in large-scale repair work and undertakes
construction work from government offices such as Toyota City and Nagoya City as well as from condominium
management associations, construction companies, and condominium management companies. The company has
operated its business while building up a track record and trust through meticulous work since its establishment.
In the Chukyo region, or one of the three major metropolitan areas in the country centering on the city of Nagoya
in Aichi prefecture, TOKAI opened Chubu Sales Office in Nagoya for its facility business in May 2020 in addition
to its existing LPG bases, and is focusing on establishing a new trading area in the construction and facilities
businesses in the region. TOKAI is also actively involved in mergers and acquisitions in this region, making Nissan
Tri Star Construction, Inc. in Gifu Prefecture its subsidiary in 2019 and Chuo Denki Construction Co., Ltd. inAichi Prefecture in 2020. In consequence, by adding civil engineering and electrical work to TOKAI's new business,the company has built a structure to receive orders for major works in the construction industry as a comprehensive
construction operator.
From now on, TOKAI will absorb Marco Polo's sales and technical know-how in its large-scale repair business,
which will lead to the expansion of the service area of TOKAI’s facility construction business in the Chukyo region
and further growth of renovation work. Marco Polo also plans to expand its sales area and develop business in
Shizuoka Prefecture, where TOKAI has its sales base, and in other areas. These synergies are expected to generate
further growth in the businesses of both companies.

2. Outline of Marco Polo Co., Ltd.
(1)
Company Name
(2)
Location
The title and name of(3)the representative(4)
Business Profile:(5)
Capital(6)
Establishment(7)

Relationship between
the listed company andthe said company

Marco Polo Co., Ltd.
Toyota City, Aichi Prefecture
Koji Kuroda, Representative Director
Large-scale repair work
80,000 thousand yen (As of December 2019)
May 1992 (Founded: March 1975)
CapitalNo applicable items
Relationship
Personal
No applicable items
Relationship
Business
No applicable items
Relationship

3. Outline of the counterparty to the share acquisition(1)
NameKoji Kuroda
Relationship between
the listed company and(2)There are no particular capital, personal, or business relationships.
the said individual
4. Number of shares acquired and shares held before and after the acquisition
0 shares
Number of shares held
(1)
(Number of voting rights: 0)
before the change(Ownership: 0%)8,000 shares
Number of shares(2)(Number of voting rights: 7,500)
acquired(Percentage of shares outstanding: 100%)
8,000 shares
Number of shares held
(3)
(Number of voting rights: 7,500)
after the change(Ownership: 100%)
5. Timeline(1)
Contract signing date(2)
Dateofshareacquisition

February 11, 2021April 9, 2021

6. Outlook for the future
TOKAI Holdings Corporation expects that the impact of this transaction on its consolidated results for the year
ending March 2022 will be immaterial.

Contact: Yoshihiro Taniguchi
Public Relations and Investor Relations Office
TEL: +81-(0)3-5404-2891
Email: overseas_IR@tokaigroup.co.jp