Tokyu Corporation expands into Australia with $229m Western Australia urban development

Tokyu Corporation announced a decision by its Board of Directors to invest in Two Rocks Green Estate Pty. Ltd., a new entity focused on urban development projects in Western Australia. This investment will result in Two Rocks Green Estate Pty. Ltd. becoming a specified subsidiary of Tokyu Corporation, as its capital will represent 10% or more of the company's total capital. The new subsidiary is scheduled for establishment in February 2026.

Tokyu Corporation plans a total investment of AUD 229 million in Two Rocks Green Estate Pty. Ltd. between February and March 2026, acquiring a 100% stake. The investment will be made in stages, with the establishment contingent upon regulatory approvals from the Foreign Investment Review Board of Australia. Yoshinori Ogata is planned as the director.

The company anticipates that the impact of this investment on its consolidated business results for the fiscal year ending March 31, 2026, will be minor.