*** The original disclosure in Japanese was released on May 11, 2021 at 16:30 (GMT+9) ***May 12, 2021

Company:

Tokyu Fudosan Holdings CorporationRepresentative:

Hironori Nishikawa, President & CEO(Code No. 3289, First Section of the Tokyo Stock Exchange)
Inquiries:

Hiroaki Hoshino, Operating Officer

Notice Regarding Formulation of Long-Term Vision "GROUP VISION 2030"

Tokyu Fudosan Holdings Corporation (the " Group ") announces that the Group has formulated its
long-term vision "GROUP VISION 2030" with fiscal 2030 as the target year.
１．Background and purpose of formulating the long-term visionWith respect to the long-term business environment in the future, the Group expects that the uncertain
and unpredictable era called VUCA* will continue, given the COVID-19 pandemic, the rapid accelerationof digitalization, the advancement of a decarbonized society and the diversification of lifestyles. To realize
a sustainable society under such an environmental recognition, the Group has formulated its long-term
vision "GROUP VISION 2030" and reorganized its group philosophy by ascertaining its ideal vision adecade later based on a back casting approach, rather than the conventional building-up type plan.
We will work on value creation for all stakeholders by achieving further growth with diverse green power
based on our slogan "WE ARE GREEN."※ VUCA stands for volatility, uncertainty, complexity and ambiguity and refers to an unpredictablesocioeconomic environment.

Slogan of the long-term vision "WE ARE GREEN"

It expresses our stance toward realizing our ideal vision in 2030 with diverse green power byexpressing the diversity of businesses and human capital of the Group by gradation with green,
our corporate color, as the basic tone. Green symbolizes our environmental efforts andsustainability, as well as our goal of creating the future where everyone can be themselves andshine vigorously, as if young leaves sprout and grow big by taking advantage of their own
individuality. Under the banner "WE ARE GREEN," we will create a variety of appealing lifestyles
by combining diverse green

２．Overview of "GROUP VISION 2030"【The Group Philosophy】
We have reorganized our group philosophy in light of the origin and history of the Group.

【Themes to work on for value creation (Materialities)】
To realize our ideal vision, we will work on six themes extracted from social issues we focus on.

【Overview of the GROUP VISION 2030】
We will realize our ideal vision by promoting a long-term management plan developed based onmaterialities.

３．Long-term management policy
We will aim to enhance the shareholder value and the corporate value by building a solid anddistinctive business portfolio toward fiscal 2030.
【The Group policy: Make the Group's characteristics into its strengths】（１）Environmental management［ Carbon-free society and recycling-oriented society ］ Reduction of environmental impact
through all businesses (dissemination of clean energy, etc.)［Lifestyles］ Creation of communities and lifestyles that contributes to the environment.

（２）DX［Operation process］A shift to creative operations by promoting labor saving［CX（customer experience）］Creation of impressive experience through the sophistication ofcontacts with customers［Innovation］New value creation by utilizing intellectual assets【Business policy: Evolve the associated assets expansion model】（１）Utilization of intellectual assets
Earnings generation through the acquisition and utilization cycle of know-how and data（２）Co-creation with partners
Maximization of business value through external collaboration in knowledge and capital, etc.
Four priority strategies in the business policy: Achieve the business transformation andsustainable growth.
① Producing of appealing cities
・Provision of lifestyles and experiences that integrate city operating system and content
・Increase in the value of the greater Shibuya area through appealing by creating an attractive
urban center② Strengthening of environment-related business・Expansion of the renewable energy business・People- and eco-friendly urban development③ Digital transformation of BtoC business (customer-oriented experience value creation)
・Evolution of services utilizing abundant contacts with customers(promotion of Online-Merge-Offline (OMO))
・Expansion of the source of earnings by providing our know-how to the outside④ Creation of business in new domains
・Promotion of business focusing on changes in social issues and the social structure
・Business construction by combining resources inside and outside the group【Financial capital strategy】
We will aim to enhance the shareholder value and the corporate value by realizing efficiencyconscious profit growth under the optimum financial capital structure.
（１）Improvement of efficiency (ROA and profit margin) in existing businesses（２）Business portfolio management（３）Maintenance of financial discipline（４）Shareholders return policy
Policy for the time being: Dividend payout ratio 30% or more, Continuation and maintenanceof stable dividend payment
４．Target indicators for 2030
We will aim to achieve target indicators that integrate financial and non-financial data based onmaterialities to work on.

※ The full version of the long-term vision "GROUP VISION 2030" is to be posted on the Group website on May 24,2021.