Amendment, abolition or introduction of laws and regulations affecting the real estate business

「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「The Group's real estate business is subject to regulations including the National Land Use Planning Act, the Real Estate Brokerage Act, the Building Standards Act and the City Planning Act. Any changes to or abolition of these regulations, or the introduction of new legal regulations, could affect the Group's operating performance and financial condition.」

「The Group's real estate business is subject to regulations including the National Land Use Planning Act, the Real Estate Brokerage Act, the Building Standards Act and the City Planning Act. Any changes to or abolition of these regulations, or the introduction of new legal regulations, could affect the Group's operating performance and financial condition.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

「The group’s real estate business is subject to regulations including the National Land Use Planning Act, the Building Lots and Buildings Transaction Business Act, the Building Standards Act, the City Planning Act and the Act on Securement of Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices. Amendments or abolitions of these regulations, or the introduction of new legal regulations, could affect the group’s operating results and financial position.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no new business risks and no material changes to the business risks described in the securities report for the previous fiscal year.」

「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「The group’s real estate business is subject to regulations including the National Land Use Planning Act, the Building Lots and Buildings Transaction Business Act, the Building Standards Act, the City Planning Act and the Act on Securement of Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices. Amendments or abolitions of these regulations, or the introduction of new legal regulations, could affect the group’s operating results and financial position.」

「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no new business risks and no material changes to the business risks described in the securities report for the previous fiscal year.」

「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「The group’s real estate business is subject to regulations including the National Land Use Planning Act, the Building Lots and Buildings Transaction Business Act, the Building Standards Act, the City Planning Act and the Act on Securement of Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices. Amendments or abolitions of these regulations, or the introduction of new legal regulations, could affect the group’s operating results and financial position.」

「During the nine months ended the third quarter, there was no new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no new business risks and no material changes to the business risks described in the securities report for the previous fiscal year.」

「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「The group’s real estate business is subject to regulations including the National Land Use Planning Act, the Building Lots and Buildings Transaction Business Act, the Building Standards Act, the City Planning Act and the Act on Securement of Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices. Amendments or abolitions of these regulations, or the introduction of new legal regulations, could affect the group’s operating results and financial position.」

「During the nine months ended the third quarter, there was no new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」

「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「The group’s real estate business is subject to regulations including the National Land Use Planning Act, the Building Lots and Buildings Transaction Business Act, the Building Standards Act, the City Planning Act and the Act on Securement of Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices. Amendments or abolitions of these regulations, or the introduction of new legal regulations, could affect the group’s operating results and financial position.」