Publication of “M&A Approach in Growth Strategy” toward Achieving the Medium-Term Management Plan 2028

Publication of M&A Investment Policy

This document explains that, as part of the growth strategy to achieve the Medium-Term Management Plan 2028, TOKAI Holdings Corporation has concretely formulated M&A approaches for three domains: energy, corporate information & communications, and CATV. A total investment allocation of approximately 20 hundred million yen has been set across the three domains, with about 15 hundred million yen allocated particularly to the energy sector. Investment decisions will use WACC and IRR, enforcing disciplined investments while strengthening financial discipline and governance.

Growth Strategies and Outlook for Each Domain

In the energy domain, the company plans to expand its customer base through M&A in light of restructuring trends in the LP gas market. In the corporate information & communications domain, expansion related to AWS and synergies with network and system integration will be leveraged to accelerate growth through both recurring (stock) and non-recurring (flow) revenue. In the CATV domain, cross-selling will be promoted to raise ARPU. The company intends to continue capturing M&A opportunities and expand its geographic footprint.