Issuance of "Q SKIP Bonds" as Corporate Bonds for Individuals with Digital Benefits

Tokyu Corporation (hereinafter "Tokyu") has decided to issue its 22nd Unsecured Corporate Bonds (Nickname: Q SKIP Bonds, hereinafter "these bonds")*1, which are corporate bonds for individuals with digital benefits, utilizing the STdirect Services platform (hereinafter "Digital Securities Platform") provided by NTT DATA Corporation and Securitize Japan Inc.

*1 These bonds are transfer corporate bonds subject to the Act on Book-Entry Transfer of Corporate Bonds and Other Securities, and are not security token corporate bonds.

By issuing these bonds and utilizing the Digital Securities Platform, Tokyu aims to connect directly with investors and encourage the use of various products and services offered by the Tokyu Group.

All funds raised from these bonds will be allocated as loan funds to Tokyu Railways Co., Ltd. (hereinafter "Tokyu Railways"), a wholly-owned subsidiary of Tokyu, by the end of June 2026. Tokyu Railways will, in turn, allocate all of these loan funds to capital expenditures for the renewal of ticket gates by the end of March 2027.

As a special benefit for those who purchase these bonds, a "Tokyu Line One-Day Pass" will be presented within the digital ticket service "Q SKIP" (hereinafter "Q SKIP"), named after the bonds' nickname "Q SKIP Bonds." Furthermore, these bonds will be eligible for the "Point Up Benefit" in the new "TOKYU POINT Program," a rank-up program for TOKYU POINT members that Tokyu will launch on Wednesday, April 1, 2026. Regardless of the number of units purchased, 1,000 TOKYU POINTs will be awarded.

* Click here for the Q SKIP sales site (https://www.q-skip.tokyu.co.jp/)

* Click here for details on the TOKYU POINT Program (https://point.tokyu.co.jp/program)

* Registration for TOKYU ID and installation of the Tokyu Plus app, among other requirements, are necessary to receive the benefits.

In conjunction with the renewal of ticket gates at each Tokyu Line station, Tokyu Railways will progressively install more ticket gates that support Q SKIP and post-payment boarding services via touch payment with credit cards, etc., aiming to provide more seamless boarding services that flexibly meet customer needs.

Tokyu and Tokyu Railways will continue to strengthen engagement with all stakeholders and promote the provision of highly convenient services utilizing digital technology, employing methods that are not limited to existing frameworks.

Details are as per the attached document.

Overview of these Bonds

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