Loss of Investment Opportunities Due to Intensifying Competition for Investment Opportunities

「If the attractiveness of the investments targeted by the company declines relative to those of competitors and the planned investments cannot be made, this may affect the performance and financial position of the group.」

「In the real estate transaction market, domestic and overseas investors continue to show strong investment appetite, and although overall real estate market conditions remain firm, land and construction costs continue to show signs of remaining elevated,」

「In the real estate transaction market, domestic and overseas investors continue to show strong investment appetite against a backdrop of persistently low funding costs. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」

「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」

「In the real estate transaction market, domestic and overseas investors continue to show strong investment appetite against a backdrop of persistently low funding costs. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」

「During the cumulative second quarter of the current consolidated fiscal year, there were no significant changes in the occurrence of major risks that management recognizes could materially affect the financial condition, operating results or cash flows of the consolidated companies, or in the matters concerning business and other risks described in the annual securities report for the previous fiscal year, among the matters concerning business conditions, accounting and other matters described in the current quarterly report.」

「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures depends on the results affected by market conditions, demand trends, competition with other companies and other factors, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」

「If the attractiveness of the investments targeted by the company declines relative to those of competitors and the planned investments cannot be made, this may affect the performance and financial position of the group.」

「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」

「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」

「If the attractiveness of the investments targeted by the company declines relative to those of competitors and the planned investments cannot be made, this may affect the performance and financial position of the group.」