June 2, 2020

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

Basic Agreement on Strategic Business Alliance with Ekitan
TOKAI Communications Corporation (Headquarters: Aoi-ku, Shizuoka-shi, Shizuoka Prefecture; President andRepresentative Director: Yasuhiro Fukuda), a wholly owned subsidiary of our Company engaged in the Group's
information and communications business, and Ekitan & Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo;
Representative Director and President: Taro Nakamura) today announced that they have entered into a basic
agreement on the strategic business alliance for business development centered on the Mobility as a Service(MaaS)* domain, as shown in the attachment.
In the future, both companies will seek to expand and enhance their businesses by mutually leveraging the bestuse of the respective areas of expertise, aimed at further earnings growth, sustainable growth and increased
corporate value for both companies.
*Mobility as a Service (MaaS) utilizes ICT to cloud transportation and seamlessly connects all modes of transportation (mobility)
as a single service, excluding private cars.

Contact: Yoshihiro Taniguchi
Public Relations and Investor Relations Office
TEL: +81-(0)54-273-4878
Email: overseas_IR@tokaigroup.co.jp

June 1, 2020

To whom it may concern
TOKAI Communications Corporation

Strategic Business Alliance between TOKAI Communications and Ekitan
TOKAI Communications Corporation (Headquarters: Aoi-ku, Shizuoka-shi, Shizuoka Prefecture; President
and Representative Director: Yasuhiro Fukuda; “TOKAI COM” hereinafter) and Ekitan & Co., Ltd.
(Headquarters: Chiyoda-ku, Tokyo; Representative Director and President: Taro Nakamura; “Ekitan”hereinafter) today announced that they have entered into a basic agreement on the strategic business alliancefor business development centered on the Mobility as a Service (MaaS)*1 domain as follows.

1.

Background and purpose of the business alliance
TOKAI COM is a one-stop service company providing network, data center, and system development,and offering a wide range of services in the information and communication field for both individuals andcorporations.
Ekitan supports the lives of users by offering information content services that provide real-time
information on public transportation transfers, time and operation information, and other relevant lifestyle
information.
In recent years, the environment surrounding the information and communication field has drasticallychanged and the speed of technological innovation has been remarkable. Customer needs have further
diversified and compounded, such as business model reforms brought about by digitalization andproductivity and operational efficiency improvements against the backdrop of Work Style (labor) Reform.
Under the circumstances, both companies have promoted a joint study on the development andcommercialization of a new transfer engine service in the MaaS domain by combining the business baseof TOKAI COM and the planning and development capability of the information content service of Ekitan.
In addition to the scope of the joint study to date, the two companies have reached a basic agreement on astrategic business alliance in order to expand and enhance their business domains by making the most ofeach other's areas of expertise, and to aim for further earnings growth, sustainable growth and increased
corporate value for both companies.

2.

About the business alliance
Based on the "ABCIR+S"*2 strategy promoted by the TOKAI Group, TOKAI COM and Ekitan will
promote the development and commercialization of a new MaaS-compatible transfer engine ("MaaSengine" hereinafter) that are ongoing founded on a robust partnership between them, as well as thecommercialization of business solutions that support efficient corporate activities such as Work Style
Reform. Based on the spirit of collaborative pioneering of new business domains, including joint
development of new solutions for the new era of 5G communication networks and post-COVID-19, thefollowing initiatives will be taken. Details will be determined through discussions between the twocompanies.

[System integration business]
1. Joint development of the MaaS engine and its commercialization as a service (in progress)
2. Joint sales and implementation of the MaaS engine to transport and MaaS operators, and developmentof peripheral system solutions
3. Development and joint sales of solution services related to tourism-model MaaS for local governments

in Shizuoka Prefecture and other parts of Japan
4. Development of a database for mobility demand forecasting using advanced AI analysis on D-sapiensand solution services for the "New Norm" required in the post-COVID era, in addition to MaaS, bycombining a data management platform ("D-sapiens") established by the TOKAI Group with variousmobility-related data held and accumulated by Ekitan
5. Functionality expansion of business solution services such as Ekitan BIZ, and joint development andsales of new services in adjoining areas[Data center and cloud business]
6. Construction of a data center for the MaaS engine and service platform using the latest cloudenvironment[Communications business]
7. With an eye on the coming 5G era, application development in the peripheral of telework markets wheregrowths are expected, and planning and development of new products such as business communication
network infrastructure sets and packages, as well as the joint sales thereof*1

Mobility as a Service (MaaS) utilizes ICT to cloud transportation and seamlessly connects all modes of transportation(mobility) as a single service, excluding private cars.

*2

ABCIR+S is a unique term created by connecting the initials of A (AI), B (Big Data), C (Cloud), I (IoT), R (Robotics), and S(Smartphone), and is the TOKAI Group's strategy for technological innovation.

[Inquiries about this press release]
Planning and Management Department, Administration Head Quarters, TOKAI Communications
Corporation
URL: https://www.tokai-com.co.jp/

<Reference>
Corporate Profile of TOKAI Communications Corporation
Trade nameTOKAI Communications Corporation
Location
Tokai Building, 2-6-8, Tokiwa-cho, Aoi-ku, Shizuoka-shi, Shizuoka
Title and name of Yasuhiro Fukuda, President and Representative Director
Representative
Establishment
March 18, 1977
Capital1,221 million yen
Business
Telecommunications, data center, system integration, etc.
URL
https://www.tokai-com.co.jp/
Corporate Profile of Ekitan & Co., Ltd.
Trade name
Ekitan & Co., Ltd.
Location
JPR Kojimachi Bldg., 5-4 Kojimachi, Chiyoda-ku, Tokyo
Title and name of Taro Nakamura, Representative Director and President
Representative
Establishment
January 15, 2003
Capital
291 million yen
Business
Transfer information/timetables/map-based navigation services
URL
http://ekitan.co.jp/