The Odakyu Group's Management Principle is: The Odakyu Group will contribute to helping customers create "irreplaceable times" and "rich and comfortable lifestyles." To pursue this management principle, the Company follows its basic policy on investor relations (IR) activities, impartially and swiftly disclosing information about the corporation including financial results and business conditions and actively communicating with shareholders and investors. In doing this, the Company will strive to build long-term relationships of trust and to have its corporate value fairly evaluated.

The Company will properly disclose material information in line with the Financial Instruments and Exchange Act and the timely disclosure regulations of the Tokyo Stock Exchange. It will also proactively disclose information that will help its shareholders and investors make investment decisions. The Company will swiftly disclose information the disclosure of which is considered necessary after relevant departments and the Investor Relations Office identify this information in collaboration with each other and the Board of Directors or other competent bodies make decisions about these matters. The Company's internal structure for the timely disclosure of corporate information is as illustrated below.

The Company will carry out initiatives to make itself better understood, including the organization of financial results briefings and facility tours for institutional investors and analysts, and participation in IR explanation meetings for personal investors organized by securities companies and others. On these occasions, the Company receives questions, comments, wishes and other statements from participants and regularly shares them with the management team so that they will be used in the management of the corporation with a view toward increasing corporate value.

The Company appoints its directors, executive officers and IR personnel as spokespeople in its dialogue with shareholders and investors. However, its officers and employees other than the above may communicate with shareholders and investors during facility tours and other events within the scope authorized by the spokespeople. In this case, the people involved in dialogues will endeavor to ensure they aid participants' understanding of the Company and conform details about the scope of the information to be disclosed and the fairness of the information with directors, IR personnel and other spokespeople before they engage in such dialogues.

The Company will endeavor to provide fair and consistent information in interviews with shareholders and investors and publish information actively on its website. The Company will post on its website materials that it distributes as well as questions and answers provided during financial results briefings and other events to ensure that similar information is available to people who did not attend the events. The Company will also enrich its information disclosure in the English language in an effort to improve fairness in terms of access to information for overseas shareholders and investors.

The Company will pursue its basic policy of prioritizing information gathering activities conducted by shareholders and investors emphasizing medium- and long-term perspectives. The Company will not respond to information gathering activities regarding its financial results before they are announced.

To prevent any information that may impact the share price from leaking during the preparation of financial results briefing materials, the Company has determined the three-week period before the announcement of financial results and the two-week period before the announcement of its financial results for the first three or nine months of the fiscal year as quiet periods during which the Company will refrain from making comments or answering questions regarding its financial results. However, if there is a material fact should be disclosed during the quiet period, the Company will publish the necessary information in accordance with the timely disclosure regulations and other applicable rules.

The figures in its business plans, future forecasts and strategies in the information disclosed by the Company that are not historical facts are forward-looking statements that reflect judgments made by the Company's management based on information available as of the time of disclosure. Accordingly, actual results may differ from these forward-looking statements due to changes in economic or other circumstances.