FY2026 Capital Investment Plan

In fiscal year 2026, the final year of our mid-term business strategy, our company will make capital investments totaling approximately 64.1 billion yen. In addition to implementing a record-high safety investment of approximately 51.1 billion yen for the proper maintenance and renewal of railway facilities and equipment and measures against increasingly severe natural disasters, we will also advance operations and customer services utilizing digital technology and create new demands for mobility.

Continuously, based on our mid-term business strategy (FY2024-2026), we aim for the sustainable growth of our railway business through both safety and growth investments, contributing to society through the value brought by real experiences through diverse "mobility" and evolving into a company that pursues the value of "mobility."

Main Initiatives:

Value ① Sustainable provision of safe and secure mobility

Strategy Ⅰ. Pursuit of safe and secure railways - New train car manufacturing (Oimachi Line, Den-en-toshi Line), renovation (Meguro Line, Toyoko Line, Tokyu Shin-Yokohama Line) - Station renovations (Sakurashinmachi Station, Tana Station, Miyazakidai Station) - Various natural disaster countermeasures (rainfall/flooding measures, seismic reinforcement work) - Maintenance and renewal of aging civil engineering structures (tunnel near Tama Plaza Station, Tsurumigawa Bridge) - Signal security device updates (Meguro Line ATC*1 update, promotion of Den-en-toshi Line/Oimachi Line CBTC*2 system introduction) - Improvement of workplace environment for employees supporting safe railway operations (Nagatsuta Rolling Stock Maintenance Depot, Nagatsuta Train Depot, Motosumiyoshi General Office, various station workplaces)

Strategy Ⅱ. Operational advancement and strengthening industry collaboration - Further sophistication of station service equipment and establishment of a remote support system for efficient station operations - Construction work for the implementation of one-person operation on the Oimachi Line - Construction work for the introduction of TASC*3 on the Den-en-toshi Line and Oimachi Line - Advanced maintenance through data utilization and analysis (data platform, Condition Based Maintenance (CBM*4) system) - Advancement and efficiency of driving operations and inspection/examination operations utilizing the latest technology (AI image analysis technology, quadruped robots, etc.)

Value ② Creation of new mobility

Strategy Ⅲ. Creation of vitality along the railway lines through marketing - Expansion of boarding services utilizing credit card touch payment and QR code*5 - Enhancement of Tokyu Line app functions

Strategy Ⅳ. Maximization of railway network value - Den-en-toshi Line Saginuma Station improvement work - Reduction of gaps and steps between platforms and train cars - Renewal of passenger information systems on the Den-en-toshi Line and Oimachi Line - Initiatives for the continuous grade separation project near Togoshi Koen on the Oimachi Line

Value ③ Resolution of global environmental issues associated with mobility

Strategy Ⅴ. Resolution of environmental and social issues by railways - Various initiatives for energy saving (LED lighting in station premises, etc.) - Installation of large-scale energy storage system at Den-en-toshi Line Ichigao Substation - Station renovations utilizing wood (Ishikawadai Station "Tree-Friendly" renovation, Tana Station renovation, Sakurashinmachi Station wooden entrance canopy)

Details of the FY2026 capital investment plan are as per Appendix.

*1 Automatic Train Control *2 Communications-Based Train Control *3 Train Automatic Stop-position Control *4 Condition Based Maintenance *5 "QR Code" is a registered trademark of Denso Wave Inc. and a JIS, ISO standard.

[Appendix 1] FY2026 Capital Investment Plan Details

Value ① Sustainable provision of safe and secure mobility

Ⅰ. Pursuit of safe and secure railways

Since the period of high economic growth, railway facilities and equipment have been maintained and developed in line with increasing transportation demand, and now aging is progressing. It is expected that the risk of delays and operational disruptions due to failures of railway facilities and equipment will increase. Therefore, we will carry out large-scale repairs and renewals, striving to maintain and improve the soundness of railway infrastructure necessary for safe and stable train operations. In addition, in preparation for increasingly severe natural disasters such as large earthquakes and heavy rains in recent years, we will strengthen various natural disaster countermeasures, working to minimize damage and shorten recovery times during disasters.

〇 New train car manufacturing, renovation

To replace the "9000 series" and "9020 series" (18 formations, total 90 cars) operating as local trains on the Oimachi Line, five-car "6020 series" trains are being progressively introduced. Currently, nine formations have started commercial operation. This fiscal year, a total of eight formations are scheduled for introduction. In terms of safety, a large-capacity information management system capable of constantly monitoring vehicle equipment is adopted, aiming to prevent vehicle failures and further stabilize operations. Furthermore, the interiors pursue comfort with the installation of air purifiers and high-back seats, and the vehicles are environmentally friendly, achieving noise reduction and reduced power consumption compared to older models.

In addition, we will repair and manufacture new company-owned vehicles that were damaged in the train collision accident that occurred within the Den-en-toshi Line Kajigaya Station premises in October of the previous year.

- Meguro Line, Toyoko Line, Tokyu Shin-Yokohama Line vehicles are also undergoing renewal/new manufacturing initiatives as part of this broader plan.