November 9, 2017
Company name: Tamagawa Holdings Co., Ltd.
Representative: Toru Masuzawa, President & CEO(JASDAQ Code 6838)
Contact:Junya Tokumoto,Corporate Planning Department
Telephone:+81-3-6435-6933

Tamagawa Holdings Secures Land for "Solar Sharing" under a
Non-Current Asset Leasehold Agreement
At the meeting of the board of directors of Tamagawa Holdings convened today it was resolved to enter
into a leasehold agreement for categorized land with the land owner in connection with securingcommercial-use land for a "Solar Sharing" project as described below.

1. Outline of the "Solar Sharing" project"Solar Sharing" refers to solar energy power generation operations using crop-producing farmland.
In specific detail, supports of the solar energy power generation system will be installed on the farmland
and the solar panels will be mounted on the supports. Farming operations will continue on the farmland
under the solar panels. Since the sunlight is shared for farming and power generation, this type of land use
is referred to as "Solar Sharing" or shared farming and power operations.
"Solar Sharing" enhances the business feasibility by enabling the generation of both income from farming
and income from sales of solar energy electric power. This is an innovative approach that enables continued
farming operations. It also contributes significantly to resolving the issues of the declining number of farmoperators and the re-purposing of abandoned cultivation areas which have been proliferating nationwide.
Tamagawa Holdings Group will continue to use the specific characteristics of land to best effect andaccelerate the development of renewable-energy power plants in close cooperation with the localities, so as
to contribute to reducing CO2 emission as well as the furtherance of regions and their communities.

2. Outline of the lease
Place
Surface area
Number of kilowatts installed
Land category

64 Kishi-cho, Shimada city, Shizuoka prefecture, and other locations
4,626 m2
Approx. 406kW
Rice fields
Disclosure is withheld in accordance with a non-disclosure agreement

Total lease rateconcluded with the lessor. (For the near term it is planned to pay thelease rates according to the lease agreement out of own funds.)

Outline of the agreement

Leasehold agreement for categorized land with a term of 21 years3. Outline of the lessor
(1)

Name

Iichiro Hitokoto(2)

Address

Shimada city, Shizuoka prefecture
No relation exists with respect to capital, personnel, and transactions.

Relation between
The lessor is a relative of a shareholder of Tamagawa Holdings.
(3)exchange listed
The lessor is not an interested party with respect to Tamagawa
corporations and the lessor
Holdings.

4. Further outlook
The construction of the solar energy power plant is scheduled to commence after the permits have been
officially obtained that are necessary for the development of this "Solar Sharing" project. Based on current
planning, the completion of the solar energy power plant is scheduled for late March 2018. Full-scale salesof electric power are therefore scheduled to commence in the next fiscal year or later. Consequently, theeffects from this project on the financial results of Tamagawa Holdings group for the current fiscal year will
be negligible.

Supplementary information* The photograph shown above was provided for demonstrational purposes by SMART BLUE Co., LTD.