Transparency

To secure transparency, TOKYU REIT intends to proactively and in a timely manner disclose to unitholders all material information to the extent TOKYU REIT deems the disclosure of such information useful and proper, aside from legal disclosures.
Furthermore, while keeping in mind that business and transaction opportunities may be brought about to Tokyu Corporation and its subsidiaries through investment activities in general, TOKYU REIT shall give due consideration to avoidance of conflicts of interests arising with related parties in individual businesses and transactions by abiding with the following.

  • Thorough implementation of transactions at market price
  • Enhancement of information disclosure
  • Securing of an independent management structure and corporate governance structure

Specifically, Tokyu REIM shall formulate self-imposed rules known as Rules on Related-Party Transactions and shall amend them as needed. The company shall also disclose argument of them and comply with these. Furthermore, TOKYU REIT shall confirm the compatibility and appropriateness of individual transactions and ensure the workability of the related party transactions by implementing multiple checks. These checks include having deliberation by Compliance and Risk Management Committee and obtaining their approval from TOKYU REIT's board of directors prior to resolution of Tokyu REIM’s board of directors.
Please refer to this page, about Related-Party Transactions Rules and Double Checks for Due Process.

"Related Parties" is a collective term "Tokyu Corporation and its subsidiaries", "Affiliates of Tokyu Corporation except Tokyu Corporation's subsidiaries", "Tokyu Fudosan Holdings Corporation and its subsidiaries".

"Tokyu Corporation and its subsidiaries" refers to any entity that falls under the following i to iii :

  1. Tokyu Corporation
  2. A consolidated subsidiary of Tokyu Corporation
  3. A tokutei mokuteki kaisha (TMK) or special purpose entity (SPE) that was established based on the intention of Tokyu Corporation or a consolidated subsidiary of Tokyu Corporation and where the share of investment by undisclosed associations or other investment shares in that entity by the respective company exceeds 50%.

"Affiliates of Tokyu Corporation except Tokyu Corporation's subsidiaries" refers to affiliates within the scope of consolidation of Tokyu Corporation.

"Tokyu Fudosan Holdings Corporation and its subsidiaries" refers to any entity that falls under the following i to iii :

  1. Tokyu Fudosan Holdings Corporation ("Tokyu Fudosan Holdings")
  2. A consolidated subsidiary of Tokyu Fudosan Holdings
  3. A tokutei mokuteki kaisha (TMK) or special purpose company (SPC) that was established based on the intention of Tokyu Fudosan Holdings or a consolidated subsidiary of Tokyu Fudosan Holdings and where the share of investment by undisclosed associations or other investment shares in that entity by the respective company exceeds 50%.

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