FOR IMMEDIATE RELEASE

January 6, 2017

TOKYU CORPORATION

Representative: Hirofumi Nomoto, President

& Representative Director (Code: No.9005, Tokyo Stock Exchange First Section) Contact: Katsumi Oda, Senior Manager,

Accounting & IR Division (TEL: +81-3-3477-6168)

Announcement Concerning Share Buybacks

(Under the provisions of the Articles of Incorporation pursuant to paragraph 2, Article 165 of the Companies Act)

Tokyu Corporation (the "Company") has acquired its own shares under Article 156, as applied pursuant to paragraph 3, Article 165, of the Companies Act. Details are as follows.

  1. Type of shares acquired: Shares of common stock

  2. Period of acquisition: From December 1, 2016 to December 31, 2016 (on a contract basis)

  3. Total number of shares acquired: 3,626,000 shares

  4. Total cost of acquisition: 3,118,418,993 yen

(Reference)

  1. Resolution at a meeting of the Board of Directors held on November 10, 2016

    1. Type of shares to be acquired: Shares of common stock

    2. Total number of shares to be acquired: Up to 15.0 million shares

      (Equivalent to 1.22% of outstanding shares (excluding treasury stock))

    3. Total cost of acquisition: Up to 10 billion yen

    4. Period of acquisition: From November 14, 2016 to February 14, 2017

    5. Method of acquisition: Market purchases

    6. Aggregate of own shares acquired by resolution of the Board of Directors (as of December 31, 2016)

      1. Total number of shares acquired: 6,725,000 shares

      2. Total cost of acquisition: 5,701,568,001 yen

      Tokyu Corporation published this content on 06 January 2017 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 06 January 2017 06:42:09 UTC.

      Original documenthttp://www.tokyu.co.jp/ir/upload_file/ENlibrary_03/9005_2017010615281105_P01_.pdf

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