Increasing asset value and reselling renovated used condominiums

「In sales activities for the major EL FARO and MIJAS brands, we completed handovers of 16 buildings, including EL FARO Yotsuya II in Shinjuku-ku, Tokyo, compared with 15 buildings in the same period of the prior year. We also completed handovers of one existing income-producing property and two development sites.」

「As a result, sales activities for the major EL FARO (エルファーロ) and MIJAS (ミハス) brands involved the delivery of 24 buildings, compared with 17 in the previous year. In addition, we delivered 1 pre-owned income-producing property and 2 development sites and other properties, compared with 7 properties in the previous year.」

「In sales activities for the core MIJAS and EL FARO brands, we completed the handover of 13 properties, including EL FARO Sangenjaya II (Setagaya, Tokyo), compared with 2 properties in the same quarter of the previous year, as well as 1 existing income-producing property and 2 development sites.」

「In sales activities for the core MIJAS and EL FARO brands, we completed the handover of 5 properties, including Mijas Mitaka (Mitaka, Tokyo), compared with 1 property in the same quarter of the previous year, as well as 1 existing income-producing property and 1 development site.」

「In the real estate subdivision business, we sold 9 buildings in the MIJAS (ミハス) apartment development series and 10 buildings in the EL FARO (エルファーロ) rental apartment series. We also sold 1 building in the ME BLD. (エムイービルド) real estate regeneration series and 2 development sites and other properties.」

「In the real estate regeneration business, we worked to further expand earnings by developing and providing the ME BLD. (エムイービルド) series and cultivating potential customers considering income-producing rental properties through a diverse range of products.」

「In the real estate development business, we handed over 8 properties in the MIJAS apartment development series and 1 property in the EL FARO premium rental apartment series, and also sold properties in the renovation and resale business for existing properties and development sites.」

「Through its real estate regeneration business, we sold 3 buildings at various locations in Tokyo, as well as development sites and other properties.」

「In the real estate development business, we completed the handover of 3 properties in the MIJAS apartment development series and 2 properties in the EL FARO premium rental apartment series, and also sold properties in the renovation and resale business for existing properties and development sites.」

「In the pre-owned property renovation and resale business, we completed delivery of 1 building in the areas surrounding central Tokyo.」

「The main factor was an increase of ¥1,049 million in inventories and other assets, primarily due to the acquisition of development sites and properties for the resale of pre-owned condominiums and other properties.」

「In the pre-owned property renovation and resale business, we also delivered 3 buildings in the areas surrounding central Tokyo.」

「In the real estate development business, we sold 2 properties in the MIJAS apartment development series and completed the handover of 3 properties in the renovation and resale business for existing properties.」

「In the pre-owned property renovation and resale business, we also completed the delivery of 2 buildings in the areas surrounding central Tokyo.」

「In the real estate subdivision business, we sold 4 buildings in the MIJAS (ミハス) apartment development series and delivered 1 building in the pre-owned property renovation and resale business.」

「In the real estate development business, we sold 4 properties in the MIJAS apartment development series and completed the handover of 1 property in the renovation and resale business for existing properties.」

「In the real estate subdivision business, we delivered 9 properties, including Rokakoen-nishi MIJAS (ミハス) (Setagaya-ku, Tokyo), an apartment development under a new brand, and Towa City Homes Sugamo (Toshima-ku, Tokyo), a pre-owned condominium resale property.」

「In the real estate subdivision business, we sold 3 buildings in the new branded apartment development series MIJAS (ミハス), as well as properties including Tak井戸 Residence (Suginami-ku, Tokyo) in the pre-owned property renovation and resale business.」

「We acquire entire condominium buildings and other properties, enhance their asset value and residential comfort through renovation, exterior insulation work and interior remodeling, and sell them.」