Expansion in Southeast Asia, Primarily Vietnam and Indonesia

「In Vietnam, sales of the second project, HIYORI Aqua Tower, for which construction began in the previous fiscal year, started in February 2026, and construction is progressing toward completion in the first half of 2027.」

「The new condominium project in Vietnam, the second project, HIYORI Aqua Tower, began construction in August 2024 and sales in February 2026. Construction is progressing toward completion in the first half of fiscal 2027.」

「During the fiscal year, construction of the second project, HIYORI Aqua Tower, began in August 2024. Sales activities are scheduled to begin in autumn 2025 and completion in autumn 2026, so revenue and profit were at approximately the same levels as in the previous fiscal year.」

「Construction of the second condominium project, HIYORI Aqua Tower, began in August, and completion is scheduled for autumn 2026. Sales activities will begin in the next fiscal year, while revenue and profit are scheduled to be recognized after completion, in 2026 and 2027.」

「In October 2023, we acquired land in Da Nang, the largest city in central Vietnam, for a condominium development project, with construction scheduled to begin in the first half of the next fiscal year. We will continue contributing to the development of local communities by providing high-quality housing built using Japan's advanced construction technology.」

「① In the overseas development business, we entered Vietnam, where growth is expected, and are developing businesses including condominiums. In October, we acquired land in Da Nang, the largest city in central Vietnam, for a condominium development project, with construction scheduled to begin this spring. We will continue contributing to the development of local communities by providing high-quality housing built using Japan's advanced construction technology.」

「The company is currently undertaking liquidation procedures for its Indonesian business.」

「With the sale of all properties held in Indonesia in November, the company began procedures to withdraw from its Indonesian business.」

「In addition, all properties held in Indonesia were sold in November, and the resulting revenue will be recognized in the fourth quarter (January–March).」

「In the overseas development business, we are expanding into Southeast Asia, where growth is expected, developing real estate centered on condominiums and homes using advanced Japanese construction technology and focusing on enabling people across Asia to experience Japanese quality. During the fiscal year, revenue from condominium management and other activities in Vietnam was recorded, but revenue declined year on year due to the reversal of property sales in Vietnam and Indonesia recognized in the previous year, and a loss was recorded due to an impairment loss on inventories in Indonesia.」

「In the overseas development business, we are expanding into Southeast Asia, where growth is expected, developing real estate centered on condominiums and homes using advanced Japanese construction technology and focusing on enabling people across Asia to experience Japanese quality. During the fiscal year, revenue increased due to higher condominium management income and other factors in Vietnam, but a loss was recorded due to an impairment loss on inventories in Indonesia.」

「In the overseas development business, we are expanding into Southeast Asia, where growth is expected, developing real estate centered on condominiums and homes using advanced Japanese construction technology and focusing on enabling people across Asia to experience Japanese quality. Revenue and profit both declined significantly due to the reversal of the previous year’s contribution, when revenue from the high-rise condominium project in Da Nang, Vietnam, was included.」

「In Da Nang, the 306-unit high-rise condominium HIYORI Garden Tower was completed in December 2019, and handovers were completed in September this year. Handovers from January through June this year were recognized in the consolidated cumulative second-quarter results, resulting in significant year-on-year increases in revenue and profit.」

「In Da Nang, the high-rise condominium HIYORI Garden Tower was completed in December 2019, and handovers are progressing. As handovers completed from January to March this year were recognized in the consolidated cumulative first-quarter results, revenue and profit increased significantly year on year.」

「The high-rise condominium HIYORI Garden Tower in Da Nang, comprising 28 floors and 306 units, was completed in December 2019 and handovers began sequentially. The sale of development land in Da Nang for which all permits and approvals had been obtained also contributed to significant year-on-year increases in revenue and profit.」

「In Vietnam, the high-rise condominium development HIYORI Garden Tower was completed in December 2019, and handovers began sequentially.」

「In the overseas business, we are expanding into Southeast Asia, where growth is expected, through hotel operations providing customer-focused hospitality services and real estate development centered on high-quality condominiums and homes built using advanced Japanese construction technology. Revenue declined year on year, while profit decreased, partly due to the impact of an impairment loss on certain inventories in the Indonesian business recorded in the previous quarter (April–June 2019).」

「In the overseas business, we are expanding into fast-growing Southeast Asia through hotel operations providing customer-focused hospitality services and real estate development centered on high-quality condominiums and homes built using advanced Japanese construction technology. Revenue declined year on year, and a loss was recorded, partly due to an impairment loss on certain inventories in the Indonesian business.」

「In the overseas business, we are expanding into fast-growing Southeast Asia through hotel operations and real estate development, primarily condominiums and homes, focused on enabling people across Asia to experience high-quality Japanese construction technology and hospitality services from the customer’s perspective. Our group’s first overseas hotel, TABINO HOTEL DA NANG (たびのホテルダナン), owned and operated in Da Nang, Vietnam’s largest city in the central region, is being developed overseas under our brand.」

「On 5 February 2019, we changed the name of The Blossom City, our first overseas hotel owned and operated in Da Nang, to TABINO HOTEL DA NANG (たびのホテルダナン), our own brand name, and will continue to develop our hotel business theme of “warm-hearted hotels” overseas. Construction of HIYORI Garden Tower, the 28-story condominium in Da Nang that sold out in August 2018, reached the structural completion stage in January 2019 and is progressing smoothly toward completion in September this year.」

「In Da Nang, Vietnam’s largest city in the central region, we own and operate The Blossom City, our first overseas hotel. The 28-story condominium HIYORI Garden Tower, on which construction began in June 2017, sold out in August 2018, with handovers and revenue recognition scheduled for July 2019.」

「In the overseas business, we are expanding into fast-growing Southeast Asia through real estate development, primarily condominiums and homes, and hotel operations focused on enabling people across Asia to experience high-quality Japanese construction technology and hospitality services from the customer’s perspective. We own and operate The Blossom City, our first overseas hotel, in Da Nang, Vietnam’s largest city in the central region, and began construction of the 28-story condominium HIYORI Garden Tower last June. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale and own and lease the serviced apartment 京 Serviced Apartment.」

「In the overseas business, we are expanding into fast-growing Southeast Asia through real estate development and hotel operations focused on enabling people across Asia to experience high-quality Japanese construction technology and hospitality services from the customer’s perspective. We own and operate The Blossom City, our first overseas hotel, in Da Nang, Vietnam’s largest city in the central region, and began construction of the 28-story condominium HIYORI Garden Tower last June. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale and own and operate the serviced apartment 京 Serviced Apartment.」

「In the overseas business, we are expanding into fast-growing Southeast Asia through real estate development and hotel operations focused on enabling people across Asia to experience high-quality Japanese property technology and hospitality services from the customer’s perspective. We own and operate The Blossom City, our first overseas hotel, in Da Nang, Vietnam’s largest city in the central region, and began construction of the 28-story condominium HIYORI Garden Tower last June. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale and own and operate the serviced apartment 京 Serviced Apartment.」

「In the overseas business, we own and operate The Blossom City, our first overseas hotel, in Da Nang, Vietnam’s largest city in the central region. Construction of the 28-story condominium HIYORI Garden Tower began in June this year. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale, targeting completion during the current fiscal year, while also owning and operating the serviced apartment 京 Serviced Apartment, accelerating our expansion into fast-growing Southeast Asia.」

「In the overseas business, we own and operate The Blossom City, our first overseas hotel, in Da Nang, Vietnam’s largest city in the central region. Construction of the 28-story condominium HIYORI Garden Tower began in June this year, and a model room opened in July. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale, targeting completion this autumn, while also owning and operating the serviced apartment 京 Serviced Apartment, accelerating our expansion into fast-growing Southeast Asia.」

「In the outbound business, our group’s first overseas hotel, The Blossom City, opened last August in Da Nang, Vietnam’s largest city in the central region, and construction of the 28-story condominium HIYORI Garden Tower began in June this year. In Jakarta, the capital of Indonesia, we began operating the serviced apartment 京 Serviced Apartment last December and are also advancing construction of urban detached homes for sale.」

「In Da Nang, our group’s first overseas hotel opened last August, and construction of a 28-story condominium for sale is scheduled to begin by March. In Jakarta, the capital of Indonesia, we are expanding into the ownership and operation of serviced apartments in addition to constructing urban detached homes for sale, accelerating our expansion into fast-growing Southeast Asia.」

「In Da Nang, our group’s first overseas hotel will open in August, while development of high-rise condominiums has begun. In Jakarta, the capital of Indonesia, we are expanding into serviced apartments in addition to constructing urban condominiums for sale, accelerating our expansion into fast-growing Southeast Asia.」

「In Da Nang, Vietnam’s largest city in the central region, we have begun developing high-rise condominiums and opened our group’s first overseas hotel in August. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale, accelerating our expansion into fast-growing Southeast Asia.」

「In Da Nang, Vietnam’s largest city in the central region, we have begun developing urban hotels and high-rise condominiums. In Jakarta, the capital of Indonesia, we are advancing construction of urban condominiums for sale, accelerating our expansion into fast-growing Southeast Asia.」