May 11, 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 QUERY Co.Ltd.
(Transfer to Consolidated Subsidiary)
TOKAI Holdings Corporation (hereinafter “TOKAI Holdings”) announces that Tokai Communications
Corporation (Headquarters: Shizuoka City, Shizuoka Prefecture; President & CEO: Yasuhiro Fukuda;
hereinafter “TOKAI COM”), a wholly owned subsidiary of TOKAI Holdings, has concluded a sharepurchase agreement to acquire shares of QUERY Co.Ltd. (Headquarters: Toshima-ku, Tokyo; President &Representative Director: Tomoo Hashimoto; hereinafter “QUERY”), and transferred the company to a
consolidated subsidiary as stated below.

1． Purpose of Acquisition of Shares
Recent changes in the environment surrounding the information and communications field and the pace oftechnological innovation have been remarkable, and customer needs have become more diverse and complex.
These include business model reforms brought about by digitization, and productivity improvements andoperational efficiency improvements backed by work style reforms. In addition, since last year, with thespread of the new coronavirus infectious disease, business transformation and restructuring with an eye on
new normal* have been sought, and the importance of cloud utilization that can flexibly respond to remote,non-contact, decentralized, etc. is increasing. In order for a company to achieve sustainable growth, it isnecessary to promote business in response to these changes in the environment.
Against this backdrop, TOKAI COM is developing a wide range of services in the information andcommunications field, from personal to corporate, as a one-stop service company that develops network, datacenter and systems development in a trinity. For corporations, we leverage our many years of experience as atelecom carrier, data center operator, and system integrator, as well as our technologies and expertise backed
by our numerous installation and operational track record, with a particular strength in the cloud and network
areas.
Query is developing a system development business that focuses on contract development of corporate ITsystems, software, smartphone applications, etc., and Web production and operation. Through their businessdevelopment and numerous development and operation results, their strengths are their technologicalcapabilities that can flexibly respond to customer needs and the long-standing relationships of trust withmajor customers.
At this ocation, the integration of the cloud and networking areas, which is one of TOKAI COM's strengths,
will be synergistic with Query's technological capabilities, enabling it to strengthen its structure and expand
the scope of its service offerings. As a result, the Company decided that it would be able to provide further
added value to customers and expand business transactions, and accordingly, the Companies will acquire theshares in this transaction based on the judgment that the two companies will be able to improve theircorporate value over the medium to long term. Going forward, we will promote collaborations that leverage
the strengths of both companies and respond swiftly and flexibly to diversifying needs. At the same time, wewill actively participate in and support the promotion of reforms with an eye on new normal, thereby
contributing to the business development of our customers.

2． Overview of QUERY Co.Ltd.
(1)
Company NameQUERY Co.Ltd.
1-32-7 Higashiikebukuro, Toshima-ku, Tokyo Taiju Seimei Ikebukuro(2)
LocationBuilding 9F
Name and position of(3)President & Representative Director Tomoo Hashimoto
representative
Contract development of IT systems, software, smartphone applications,(4)
Business activities
Web production and operation, etc.
(5)
Capital10 million yen(6)
Establishment dateAugust 10, 2006
Major shareholders and(7)shareholding ratio
Tomoo Hashimoto100%(as of April 29, 2021)
Capital relationship
Not applicable
Relationship between(8)
the listed company and Personal relationship
Not applicable
the relevant company
Business relationship
Not applicable(9)
Business results and financial condition of the relevant company of the latest three years
Accounting period
FYE12/18 (yen)FYE12/19 (yen)FYE12/20 (yen)
Net Assets
67,000,000
91,000,000
118,000,000
Total Assets
117,000,000
148,000,000
255,000,000
Net Assets per Share
1,120,000
1,520,000
1,967,000
Net Sales
247,000,000
337,000,000
355,000,000
Operating Profit
27,000,000
31,000,000
39,000,000
Ordinary Profit
27,000,000
32,000,000
39,000,000
Net income
19,000,000
24,000,000
26,000,000
Net income per Share
330,000
400,000
446,000
Dividend per Share
3． Overview of Counterparty of Share Acquisition(1)
Name
Tomoo Hashimoto(2)
Address
Ageo City, Saitama Prefecture
Relationship between
There is no significant capital, personal, and business relationships to be(3)
listed company andnoted.
relevant individual
4． Number of Shares to be Acquired and Number of Shares Held Before and After Transfer
Zero share
Number of shares held
(1)
(Number of voting rights: zero)
before transfer(Ownership ratio: 0%)
60 shares
Number of shares(2)(Number of voting rights: 60)
acquired(Ratio to number of shares issued: 100%)
60 shares
Number of shares held
(3)
(Number of voting rights: 60)
after transfer(Ownership ratio: 100%)
5． Schedule(1)
Contract Date
April 28, 2021
(2)
Sharesubscription
April 30, 2021
execution date
6． Future Outlook
TOKAI Holdings acknowledges that impact of this matter to the consolidated financial results for the fiscal
year ending in March 2022 is insignificant.

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