May 20, 2019

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

Acquisition of Cable Television Business Operated by Shioya Limited
TOKAI Cable Network Corporation (Headquarters: Numazu City, Shizuoka Prefecture; President: Mitsuhaya
Suzuki; hereafter referred to as “TCN”), the cable television business operator in TOKAI Group, announced
today that it has entered into an agreement to acquire the cable television business operated by ShioyaLimited.
1． TOKAI Group’s cable television business and background of acquisitionSince the launch of its cable television business in Shizuoka Prefecture in 1988, TOKAI Group has extended
its service area to 6 prefectures: Shizuoka, Tokyo, Kanagawa, Chiba, Nagano, and Okayama. Currently, weare serving 790,000 broadcasting service customers and 270,000 communications service customers. We
have supported people’s comfortable lives by combining broadcasting and communications services. In sodoing, we have distributed regional information and provided multi-channel broadcasting rooted in and basedon the uniqueness of each region, while providing high-speed communications services using the FTTHnetwork.
Shioya Limited, from which we acquire the business, is a cable television operator providing broadcasting
services in the areas of Kannami Town in Tagata County, Shimizu Town in Sunto County, Ohira in Numazu
City, and Izunokuni City (previously Nirayama Town) in Shizuoka Prefecture. Going forward, TCN will
actively make capital investment in these areas to provide high-quality triple play services* consisting ofbroadcasting, communications, and telephone that combine broadcasting and communications services, aswell as to take actions for advanced broadcasting such as 4K and 8K broadcasting.
*Triple play: A single carrier provides all the three communications services--telephone and other voice communications,television and other video communications, and the Internet and other data communications--through a single line.

The Company is promoting growth strategies centered on the medium-term management plan Innovation
Plan 2020 “JUMP,” whose final year is FY2020. In addition to growth of existing businesses, this plan aims
to accelerate growth of the Group through leveraging. As a specific strategy, we will actively promote M&A
investment totaling 100 billion yen. This transaction is part of that M&A investment plan. We will continue
to aggressively pursue M&A and alliance investment in order to expand the revenue base for the corebusinesses of TOKAI Group, such as gas, cable television, and telecommunications.

2． Profile of Shioya Limited
(1)
Name
(2)
Address
Title and name of(3)representative(4)Business description

(5)
(6)

Capital stock
Date of establishment(7)

Relationship between
this company and us

3． Schedule(1)
Date of conclusion ofcontract(2)
Date of transfer ofbusiness

Shioya Limited
140 Oba, Mishima City, Shizuoka Prefecture
President Kazumasa Shioya
Cable television business and its ancillary business, sales of home
appliances, real estate leasing and management
3 million yen
January 28, 1959
CapitalNone
relationship
Personnel
Nonerelationship
Business
We have transactions with this company related to video
relationship transmission.

April 19, 2019
October 1, 2019 (scheduled)

4． Future outlook
The impact of this transaction on the Company’s consolidated results for the year ending March 2020 isrecognized as immaterial.

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