Notice Regarding the Status and Completion of Treasury Stock Acquisition (Acquisition of Treasury Stock Based on Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Treasury Stock Acquisition

Tokyu Corporation conducted the acquisition of treasury stock of common shares based on the board resolution dated May 14, 2025. The maximum number of shares to be acquired was set at 6.5 million shares (1.13% of the total issued shares), with an upper limit on acquisition cost of 10 billion yen, and the acquisition period was from May 15, 2025, to March 31, 2026. Between March 1 and March 12, 2026, 468,800 shares were acquired through market purchases totaling 903,478,789 yen, thus completing the treasury stock acquisition under the said resolution.

Impact on Shareholders and Future Outlook

The cumulative number of shares acquired reached 5,774,200 shares with an aggregate acquisition cost of 9,999,954,052 yen, implemented within the limit of 1.13% of the total issued shares. The treasury stock acquisition reduces the number of shares outstanding, which is expected to enhance per-share value. Going forward, the completion of the acquisition is anticipated to contribute toward improving capital efficiency and serve as part of shareholder return initiatives.