News Release

Tokyu Fudosan Holdings Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; “Tokyu Fudosan Holdings” below), Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Tatsuaki Tanaka; “Tokyu Land” below), ReENE ENERGY Corporation (Headquarters: Minato-ku, Tokyo; President and CEO: Takashi Ikeuchi; “ReENE ENERGY” below) and ReENE Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Keisuke Nishida; “ReENE” below; collectively, “Companies” below) had been examining the future integration and restructuring of the renewable energy business of the Tokyu Fudosan Holdings Group as announced in the “Notice of Group Organizational Restructuring Related to Renewable Energy Business” dated January 6, 2026 (*Japanese language only).
The Companies hereby announce that they executed a basic agreement on a policy of implementing an absorption-based merger with ReENE ENERGY as the surviving company and ReENE as the dissolved company, effective April 1, 2027.