TOKYU E-LIFE DESIGN, Inc begins consulting services for senior housing business in Taiwan

TOKYU  E-LIFE DESIGN, Inc. (headquartered in Shibuya-ku, Tokyo;  Shingo Oshiba, President; hereinafter "Tokyu E-life Design"), a group  company of TOKYU LAND CORPORATION (headquartered in Shibuya-ku, Tokyo; Hiroaki  Hoshino, President; hereinafter "Tokyu Land") that is engaged in the  senior housing business, has entered into an service agreement with CTBC Lohas Co.,  Ltd. (headquartered in Taipei; Chairman: Chen Kuo En;  hereinafter "Lohas"), a affiliate of Taiwan's leading  financial group CTBC Financial Holding, to provide consulting services for the  launch of a new senior housing business by Lohas  in Taiwan (hereinafter "the Agreement"). 

This agreement is based on the basic agreement signed in May 2025 with Taiwan Life Insurance Co., Ltd.(headquartered in Taipei, Taiwan, Chairman: Hsu Shu Po, hereinafter "Taiwan Life"), the parent company of Lohas, and we will provide basic know-how for the senior housing business to Lohas, which has been established in August 2025. 

(Fromleft to right) Mr. Chuang Chung Ching, President of Taiwan Life; Mr. Chen KuoEn, Chairman of the Board, Lohas; Mr. Shingo Oshiba, President andRepresentative Director, Tokyu E-life Design; Mr. Shinya Tange, Director andManaging Executive Officer, Tokyu Land

■Background to the Agreement

Taiwan became an aging society in 2020 and is expected to transition into a super-aging society* by 2025(Source: National Development Council of Taiwan, "Latest 2022–2070 Population Estimates Report," 2022). While it took Japan about 10 years to move from an aging society to a super-aging society, Taiwan is expected to make this transition in just about 5 years, highlighting the rapid pace of aging in the country.

In Taiwan, the supply of housing for seniors is limited and is not sufficient to meet the rapidly growing demand. With this market expected to expand in the future, Taiwan Life is considering entering the senior housing business, and has expressed a desire to utilize advanced Japanese knowledge for development in Taiwan.

Against this backdrop, our strengths in the operation of senior housing and our track record of more than 20 years of operation were highly evaluated, leading to the conclusion of this agreement.

*：National Development Council of Taiwan defines a "super-aging society" as one in which the elderly population(aged 65 and over) accounts for more than 20% of the total population.

■Main Tasks of the Agreement and Future Prospects

Under the terms of  the agreement, we will provide our basic expertise in the senior housing  business to Lohas through classroom training and site visits. In  addition, as part of the market research, we plan to offer a limited number of client  groups from CTBC Financial Holding the opportunity to experience a short-term  stay at one of the senior residences in Tokyu E-Life Design's  "Grancreer" series in Japan. This is the first step in a series of  consulting services provided by LOHAS for the launch of a new senior housing  business in Taiwan.

■Outline of each company

＜TokyuE-Life Design Co., Ltd.＞

Location: Shibuya Dogenzaka Tokyu Building, 1-10-8 Dogenzaka,Shibuya-ku, Tokyo

Representative: Shingo Oshiba, President and Representative Director

Business description: Management, operation, and contracted operation ofsenior residences and private-pay homes for the elderly, Consulting services for senior residences and private-pay homesfor the elderly, etc.

URL ： https://www.e-life-design.co.jp/

＜Taiwan Life Insurance Co., Ltd.＞

Location : 8F, No.188, Jingmao 2 Road, Nangang Dist.

Establishment : October 24, 1947

Representative: Hsu Shu Po, Chairman of theBoard

Total Assets ： Approx. 2.3 trillion Taiwan dollars (NTD) (as of 2024)

　　　　　 *About 10 trillion yen (Japanese yen conversion varies depending on exchange rates)

Number of employees: Approx 2,000 (as of 2024)

Business: Life insurance, medical insurance, annuities, etc.

　　　　　 Sales and provision of various insurance products and services, etc.

Parent Company: CTBC Financial Holding Co. (CTBC Financial Holding Co., Ltd.) (wholly owned)

URL: https://www.taiwanlife.com/

＜CTBC LOHAS Co., Ltd.＞

Location: 8F, No.188, Jingmao 2 Road, Nangang Dist.

Establishment : August 7, 2025

Representative ：Chairman Chen Kuo-En

Business : Planning, development, and operation of housing forseniors (LOHAS housing), Provision of health care services and lifestylesupport services for the elderly, Planning and operation of various socialevents and lectures, etc.

Parent company: Taiwan Life Insurance Co., Ltd.(wholly owned)

■About the "Grancreer" series

The  "Grancreer" series of senior residences by Tokyu E-Life Design  represents a life stage for seniors, built around the business statement  "Be yourself, forever." The series includes residences for healthy  seniors to enjoy a fulfilling life, care residences for those requiring  assistance, and combined facilities that offer both types of housing on the  same site. We propose a new residential concept that enables a safe, secure,  and high-quality lifestyle for individuals entering the prime of their lives. A total of 24 residences are located in Tokyo and Kanagawa, including "Grancreer Tsunashima," directly connected to the station and opened in 2023, and "Grancreer HARUMI FLAG" in the Harumi bay area, opened in 2024.

Grancreer HARUMI FLAG  (Land: not owned, building: leased)

Grancreer Tsunashima (Land: not owned, building: leased)

Grancreer Bajikouen (Land: Leased)