Expansion of acquisitions of rental real estate, including properties in Meguro Ward, Tokyo

「Fixed assets decreased by ¥3.167 billion from the end of the previous consolidated fiscal year to ¥51.189 billion. This was mainly because the acquisition of a new amusement facility in Kyoto Prefecture increased assets by ¥4.110 billion, while the sale of an amusement facility in Toyama Prefecture and its transfer to real estate held for sale reduced property, plant and equipment by ¥6.913 billion, among other factors.」

「Capital expenditures in this business segment consisted mainly of ¥9.709 billion for the acquisition of rental real estate and other assets in Tokyo, Shizuoka Prefecture, Niigata Prefecture, Yamaguchi Prefecture, Nagasaki Prefecture and Osaka Prefecture, ¥1.581 billion for the acquisition of leasehold rights associated with real estate acquisitions, and ¥9 million for software for the real estate management system, for a total of ¥11.300 billion.」

「The main capital expenditures during the consolidated fiscal year were ¥22.338 billion for the acquisition of rental real estate in Hokkaido, Akita Prefecture, Narashino and Mobara in Chiba Prefecture, Nagasaki Prefecture, Osaka Prefecture and Niigata Prefecture.」

「During the first nine months of the consolidated fiscal year, rental income from 5 rental properties acquired in the previous consolidated fiscal year and 8 rental properties acquired during the first nine months of the current consolidated fiscal year, as well as sales of real estate held for sale in Hyogo, Fukuoka, Chiba, Gunma, Toyama and Mie prefectures and Hokkaido, contributed」

「Fixed assets increased by ¥4.711 billion from the end of the previous consolidated fiscal year to ¥43.236 billion. This was mainly due to a ¥5.080 billion increase in property, plant and equipment from new real estate acquisitions in Hokkaido, Ibaraki Prefecture, Tokyo and Osaka Prefecture, and a ¥199 million increase from the purchase of investment securities. Meanwhile, property, plant and equipment decreased by ¥715 million due to the sale of real estate in Kanagawa Prefecture, among other factors.」

「In this business segment, 2 new income-producing properties were acquired during the first six months of the consolidated fiscal year, bringing the balance of income-producing real estate holdings to ¥39.963 billion, up 6.2% from the end of the previous fiscal year.」

「In this business segment, additional land was acquired for parking at an amusement facility already held during the first quarter of the current consolidated cumulative period. The 10 income-producing properties acquired in the previous consolidated fiscal year also contributed to revenue. Revenue for the first quarter of the current consolidated cumulative period was ¥723 million, up 43.7% year on year, and segment profit was ¥207 million, up 9.8%.」

「During the consolidated fiscal year, we acquired 3 commercial facilities and 7 amusement facilities, for a total of 10 properties. As a result, the balance of rental real estate holdings was ¥37.623 billion, up 34.4% from the end of the previous fiscal year,」

「In this business segment, 7 new income-producing properties were acquired during the first nine months of the consolidated fiscal year, bringing the balance of income-producing real estate holdings to ¥31.747 billion, up 13.4% from the end of the previous fiscal year.」

「During the first six months of the consolidated fiscal year, property, plant and equipment increased by ¥3.388 billion, mainly due to new real estate acquisitions in Akita, Goi, and Fujioka. In this business segment, we also acquired 6 new income-producing properties during the first six months of the consolidated fiscal year, bringing the balance of income-producing real estate holdings to ¥31.463 billion, up 12.4% from the end of the previous fiscal year.」

「The main increase in the real estate leasing business was ¥7.779 billion for the acquisition of rental real estate in Osaki, Miyagi Prefecture, Yamaguchi Prefecture, Kanagawa Prefecture, Himeji, Hyogo Prefecture, Tokyo, and Nagoya, Aichi Prefecture. The main decreases were ¥242 million in depreciation and ¥1.765 billion from the sale of real estate in Kobe, Hyogo Prefecture.」

「In this business segment, during the third quarter of the consolidated fiscal year, we acquired 2 commercial facilities and 4 amusement facilities, for a total of 6 properties. As a result, the balance of rental real estate holdings was ¥28.054 billion, up 26.3% from the end of the previous fiscal year. Contributions from properties acquired from March 2020, the previous consolidated fiscal year, through the first nine months of the current consolidated fiscal year also contributed to revenue of ¥1.298 billion, up 32.5% year on year, and segment profit of ¥452 million, up 38.8% year on year, during the first nine months of the consolidated fiscal year.」

「During the first six months of the consolidated fiscal year, we acquired commercial real estate (land) in Osaki, Miyagi Prefecture, and Shimonoseki, Yamaguchi Prefecture, as well as commercial real estate (land and buildings) in Kanagawa Prefecture. As a result, the balance of income-producing real estate holdings was ¥24.092 billion, up 8.5% from the end of the previous fiscal year.」

「During the cumulative first quarter of the fiscal year, this business segment acquired commercial real estate, consisting of land, in Miyagi and Yamaguchi prefectures, bringing the balance of income-producing real estate held to ¥23.357 billion, up 5.1% from the end of the previous fiscal year.」

「During the consolidated fiscal year, we newly acquired 6 rental properties. As a result, the balance of major rental real estate holdings at the end of the consolidated fiscal year was ¥22.214 billion, up 34.0% from the end of the previous fiscal year.」

「In this business segment, the Company newly acquired the Mitsubishi Fuso Muroran Branch and Sorachi Branch in Hokkaido during the consolidated third quarter. As a result, the balance of income-producing properties held was ¥20,731 million, up 25.0% from the end of the previous fiscal year.」

「In this business segment, the Company newly acquired a commercial facility in Okayama Prefecture during the consolidated second quarter. As a result, the balance of income-producing properties held was ¥20,457 million, up 23.4% from the end of the previous fiscal year.」

「In this business segment, the Company acquired a commercial facility in Yamaguchi Prefecture during the cumulative first quarter. As a result, the balance of income-producing properties held was ¥17,617 million, up 6.2% from the end of the previous fiscal year.」

「During the consolidated fiscal year, the Company acquired 3 rental properties. As a result, the balance of major rental properties held at the end of the consolidated fiscal year was ¥16,584 million, up 47.59% from the end of the previous fiscal year.」

「In the real estate leasing business, the company made no new acquisitions during the first quarter of the fiscal year.」

「The main reason for the increase in property, plant and equipment was the acquisition of 4 rental properties for ¥5,845 million and the sale of 1 property for ¥1,429 million during the cumulative third quarter.」

「During the cumulative second quarter, the Company newly acquired 2 rental properties in Toyama City, Toyama Prefecture, and Matsue City, Shimane Prefecture. As a result, net sales were ¥114 million, down 1.0% year on year, and segment profit was ¥61 million, up 28.7% year on year.」

「This was mainly due to a ¥917 million increase in land and a ¥9 million increase in buildings and structures resulting from the acquisition of rental properties in Kochi City, Kochi Prefecture, the Tohoku region and Meguro-ku, Tokyo, as well as a ¥214 million increase in investment securities.」

「This was mainly due to a ¥920 million increase in land and an ¥11 million increase in buildings and structures resulting from the acquisition of rental properties in Kochi City, Kochi Prefecture, the Tohoku region and Meguro-ku, Tokyo, as well as a ¥188 million increase in investment securities.」

「This was mainly due to a ¥432 million increase in land and a ¥12 million increase in buildings and structures resulting from the acquisition of rental properties in Kochi City, Kochi Prefecture, and Meguro-ku, Tokyo, as well as a ¥138 million increase in investment securities.」