Acquisition of prime sites for rental residence development

「This mainly reflected increases of ¥638.165 million from the acquisition of land for business use and ¥597.477 million from the completion of buildings and other factors, offset by decreases of ¥152.695 million in real estate for sale due to the sale of income-producing real estate and other factors, and ¥272.313 million in cash and deposits due to the payment of corporate income taxes and other factors.」

「The increases mainly comprised ¥210.537 million from the acquisition of business-use land and ¥500.888 million from completed buildings, partly offset by a ¥198.254 million decrease due to the sale of real estate for rental businesses.」

「The increases mainly comprised ¥210.537 million from the acquisition of business-use land and ¥500.888 million from completed buildings, partly offset by a ¥198.254 million decrease due to the sale of real estate for rental businesses.」

「We acquired 4 new development sites in Chiyoda-ku, Shinjuku-ku and Taito-ku, Tokyo, for ¥644.000 million, and a tenant building in Chiyoda-ku comprising 1 building and 4 units for ¥356.322 million.」

「This was mainly due to a ¥372.514 million increase in land resulting from the acquisition of new development sites and a ¥451.784 million increase in buildings resulting from the completion of a property in Chiyoda-ku, Tokyo, among other factors.」

「We acquired 2 new development sites in Shibuya-ku and Taito-ku, Tokyo, for ¥316.205 million, and a condominium unit in Chiyoda-ku, Tokyo, for ¥105.735 million.」

「This was mainly due to a ¥319.450 million increase in land resulting from the acquisition of new development sites and a ¥317.341 million increase in construction in progress resulting from project progress, while properties for sale decreased by ¥448.197 million due to the sale of company-owned properties.」

「Properties for sale decreased by ¥1,134.203 million due to the sale of company-owned properties and changes in holding purpose, while buildings and structures increased by ¥446.543 million due to the transfer of completed projects and changes in holding purpose, and land increased by ¥479.577 million due to the acquisition of new development sites, among other factors.」

「This was mainly due to a ¥629.663 million increase in land resulting from the acquisition of new development sites, among other factors, and a ¥659.629 million increase in buildings and structures resulting from the transfer of completed projects, among other factors.」

「This was mainly due to a ¥233.033 million increase in land from the acquisition of existing apartment buildings, a ¥109.033 million increase in buildings and structures from the transfer of completed projects, and a ¥166.501 million increase in construction in progress from project progress.」

「We acquired 4 new development sites in Chiyoda-ku, Meguro-ku and elsewhere in Tokyo for ¥723.173 million.」

「This was mainly due to an ¥813.556 million increase in land resulting from the acquisition of new development sites, among other factors.」

「This was mainly due to an ¥810.363 million increase in land resulting from the acquisition of new development sites.」

「This was mainly due to a ¥323.816 million increase in land resulting from the acquisition of new development sites.」

「The acquisition of new development sites increased inventories by ¥562.273 million and property, plant and equipment by ¥505.536 million.」

「This was mainly due to a ¥1,096.075 million increase in properties for sale resulting from the acquisition of new development sites, among other factors.」

「This was mainly due to an ¥805.312 million increase in properties for sale resulting from the acquisition of new development sites, among other factors.」

「We acquired 2 new development sites in Chiyoda-ku and Minato-ku, Tokyo, for ¥449.377 million.」

「This was mainly due to a ¥465.210 million increase in cash and deposits resulting from the sale of an apartment building for rental businesses, and a ¥369.388 million increase in property, plant and equipment resulting from the acquisition of new development sites, among other factors.」

「This was mainly due to a ¥515.963 million increase in cash and deposits, resulting from the sale of an apartment building for rental businesses and the acquisition of new development sites, among other factors.」

「The main factors behind the increase in current assets were the transfer of one apartment building for rental businesses from property, plant and equipment to inventories, an increase of ¥551.137 million in properties for sale due to completed development projects, and an increase of ¥376.933 million in work-in-progress properties for sale due to the acquisition of new development sites.」

「Against this backdrop, our group has worked to develop high-quality rental housing, focusing primarily on highly convenient locations in central Tokyo, while securing stable revenue through our core real estate management and operations business.」

「In the real estate development and sales business, we focused on developing rental housing and acquiring sites to expand our earnings opportunities.」

「We acquired one new development site in Meguro-ku, Tokyo, for ¥159.035 million.」

「Work-in-progress properties for sale increased by ¥65.805 million, mainly as a result of acquiring new development sites, while land increased by ¥159.717 million due to the acquisition of new development sites.」