We have established the Tokyu Fudosan Holdings Group Code of Conduct as a set of action guidelines for all executives and employees to follow.

Tokyu Fudosan Holdings Group Code of Conduct, which serves as a code of conduct for all officers and employees, is stipulated in the Compliance Regulations. And the Compliance Regulations is supervised by the Board of Directors to ensure that all officers and employees must comply with the Code. The Code of Conduct documents action principles for all executives and employees in order for the Tokyu Fudosan Holdings Group to always be trusted by stakeholders. In addition to compliance, the Code of Conduct also addresses the environment and society to encourage responsible efforts within the group for helping society and the group to achieve sustainability.