April 1, 2021

To whom it may concern

TOKAI Holdings Corporation

Katsuhiko Tokita, President & CEO

(Code No. 3167 Tokyo Stock Exchange First Section)

TOKAI Group Fujisan Scholarship Foundation Established

TOKAI Holdings Corporation announced today that it has established the TOKAI Group Fujisan Scholarship Foundation (Location: Shizuoka City, Shizuoka Prefecture; Director: Katsuhiko Tokita) as of April 1, 2021. The foundation provides scholarships to undergraduate as well as graduate students. The details are as noted below.

1. Reason for establishing the foundation

The TOKAI Group's corporate philosophy is "For customers' livelihood along with the region, together with the earth, we will continue to grow and develop." Under this philosophy, TOKAI Holdings marks its 10th anniversary in April 2021 since it became a holding company. In commemoration of this occasion, the company has established the TOKAI Group Fujisan Scholarship Foundation to provide financial support to undergraduate and graduate students who demonstrate excellence in both academics and character, and cultivate young minds who will enable their local community to grow in the future.

2. Overview of the TOKAI Group Fujisan Scholarship Foundation

(1)

Name

TOKAI Group Fujisan Scholarship Foundation

(2)

Location

Tokiwa-cho,Aoi-ku,Shizuoka-shi, Shizuoka

(3)

Date

of

April 1, 2021

establishment

(4)

Director

Katsuhiko Tokita (President & CEO, TOKAI Holdings Corporation)

1)

Providing scholarships to undergraduate and graduate students

2)

Guidance and advice on consultation for undergraduate and graduate

(5)

Operations

students receiving scholarships

3) Assistance in projects related to the advancement of education, science, and

culture

4)

Other operations necessary for achieving the objectives of the foundation

(6)

Overview of

grant

To be announced on the TOKAI Holdings corporate website

programs

Contact: Junichi Yamada

Managing Executive Officer in charge of Human Resources Planning Department

TEL: +81-(0)54-273-4932

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Disclaimer

Tokai Holdings Corporation published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2021 07:31:03 UTC.