November 12, 2020

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 Inoue Technica Co., Ltd. (Transfer toConsolidated Subsidiary)
TOKAI CORPORATION (Head office: Shizuoka City, Shizuoka Prefecture; Representative Director and President:
Katsuo Oguri; hereinafter TOKAI), a wholly-owned subsidiary of the Company, concluded a stock transfer
agreement to acquire shares of Inoue Technica, Co., Ltd. (Head office: Numazu City, Shizuoka Prefecture;
Representative Director: Takeo Inoue; hereinafter Inoue Technica) and transfer the company to a consolidated
subsidiary as stated below.
1. Reasons for Acquisition of Shares
TOKAI primarily operates LPG and bottled water delivery businesses that serve about 800,000 customers
nationwide as its customer base, as well as building construction, facility construction, and real estate tradingbusinesses in Shizuoka, Aichi, and Kanagawa Prefectures. In Shizuoka Prefecture, as part of the property
management (building maintenance) business, TOKAI also conducts fire protection equipment inspection,
machinery and equipment maintenance & inspection, cleaning, and security services.
In the building management industry, the market is continuously expanding on the background of increase ofbuildings mainly in the Tokyo metropolitan area, while securing human resources and improving the efficiency oflabor-intensive operations have been at issue.
Based in Numazu City, Shizuoka Prefecture, Inoue Technica operates the property management (buildingmaintenance) business mainly in the eastern part of Shizuoka Prefecture. Backed by the strong relationship of trustin local communities based on its long track record, Inoue Technica undertakes a number of property management
operations for public facilities, hospitals, and factories of private companies in Numazu, Izu, Shizuoka, and FujiCities.
As a result of this transfer to a consolidated subsidiary, TOKAI will take over the know-how that Inoue Technica
has accumulated over many years in the property management business and expand the business. On the other hand,
Inoue Technica will make the most of TOKAI’s organizational power in Shizuoka Prefecture to expand its businessarea to the whole of Shizuoka Prefecture, the Chukyo area, and all over Japan, and plan for further businessdevelopment. By creating these synergies, we will further grow the businesses of both companies.

2. Overview of Inoue Technica Co., Ltd.
(1)
Company name
Inoue Technica Co., Ltd.
(2)
Location
Nakaharacho, Numazu City, Shizuoka Prefecture
Name and position of(3)
Takeo Inoue, Representative Director
representative
Property management (building maintenance) business, outsourcing(4)Business activities
business, restaurant business, etc.
(5)
Capital30,000 thousand yen (as of January 2020)(6)
Establishment date1977
CapitalNot applicablerelationship
Relationship between
Personal(7)
the listed company andNot applicable
relationshipthe relevant company
Business
Not applicable
relationship3. Overview of Counterparty of Share Acquisition(1)
Name
Takeo Inoue
Relationship between(2)
the listed company and There are no significant capital, personal, or business relationships.
the relevant person
4. Number of Shares Acquired and Shares Held before and after Transfer
Zero shares
Number of shares held
(1)
(Number of voting rights: zero)
before transfer(Ratio of voting rights ownership: 0%)
20,850 shares
Number of shares(2)(Number of voting rights: 20,850)
acquired(Ratio to number of shares issued: 100%)
20,850 shares
Number of shares held
(3)
(Number of voting rights: 20,850)
after transfer(Ratio of voting rights ownership: 100%)
5. Schedule(1)
Date of contract
Execution date(2)
share transfer

October 30, 2020
ofNovember 6, 2020

6. Future Outlook
The impact of this transaction on the Company’s consolidated operating results for the fiscal year ending in March
2021 is recognized as insignificant.

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