News Release

Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; “Tokyu Land” below); its wholly-owned subsidiary Tokyu Land Capital Management Inc. (Headquarters: Shibuya-ku, Tokyo; President & CEO: Tsuyoshi Tsuneyoshi; “TLCM” below), a private placement fund management company; and another wholly-owned Tokyu Land subsidiary ReENE Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director: Toshiyuki Nezu; “ReENE” below), a renewable energy business company, hereby announce that for the purpose of reinforcing the renewable energy business of the Tokyu Land Group, the three companies split the renewable energy fund management operations of TLCM (However, funds conducting investment management or investment advisory business on consignment based on the Financial Instruments and Exchange Act (“Financial Instruments and Exchange Act-Compliant Funds” below) of TLCM are excluded.) using the method of a company split set forth in the Companies Act, with said operations succeeded by ReENE (“Realignment” below), as of April 1, 2024.
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