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1 Presentation Material

2 Disclaimer This material has been translated from a portion of the Japanese original for reference purposes only. In the event any discrepancy arises between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation, nor for direct, indirect, or any other form of damages that may arise from using this translation. This English version includes some explanatory notes. The utmost care is applied to the information provided in this material; nevertheless, the accuracy and completeness of this information is not guaranteed. Please be aware that content may be changed or withdrawn without advance notice. This material contains the current plans, beliefs, and forecasts concerning the business performance of the Tokyo Tatemono Group. These forecasts cannot encompass all factors for future performance, but include risks and uncertain factors that may affect future performance. Actual results may differ materially from these forecasts due to various factors. Tokyo Tatemono Co., Ltd All Rights Reserved. 2

3 Contents Executive Summary p. 4 I. Business Results for the 2Q of FY2016 (1) Consolidated Statements of Income (2) Consolidated Balance Sheet (3) Business Results by Segment (4) FY2016 Earnings Forecast p. 6 p. 7 p. 8 p.13 II. Medium-term Business Plan Progress Report (1) Medium-term Business Plan(2015~2019) (2) Segment Activities (3) Quantitative & Investment Plans p.15 p.16 p.18 III. Reference Material (1) Large Redevelopment Projects Underway (2) Map of Large-scale Condo under Development (3) CSR Initiatives (4) Quarterly Data p.21 p.22 p.23 p.24 Tokyo Tatemono Co., Ltd All Rights Reserved. 3

4 Executive Summary Highlight of Business Results for FY2016 2Q Revenue and income declined year-on-year owing to negative impact from a decline in the number of condo sales posted. However, progress in 1H was in line with plans. In 2H, we estimate gain on the sale of high-margin condos and properties to investors should be in line with plans. In light of this, we are sticking with our FY2016 earnings forecast. Topics Sales were brisk for Brillia Tower Ueno Ikenohata condo units. Of the total 327 units for sale, we received same-day applications for 259 units sold in phases 1-4 of the first round. Tokyo Tatemono Co., Ltd All Rights Reserved. 4

5 I. Business Results for the 2Q of FY2016

6 I. Business Results for the 2Q of FY2016 (1) Consolidated Statements of Income In commercial properties, revenue and income rose mainly on contribution from full-year building operations, but revenue and income down due to decrease in the number of condo sales posted Unit: Billion yen Q Q Increase/ Decrease Full-year forecasts* Achievement rate 1 Revenue from operations (19.6) Commercial properties Residence (29.9) % Main factors for increase/decrease Decrease in number of condo sales posted Increase in property sales in the real estate solution service segment Real estate solution services Other Operating income (5.6) Commercial properties Residence (7.0) % Main factors for increase/decrease Decrease in number of condo sales posted Contribution from full-year building operations Real estate solution services (0.5) 4.5 Other (0.1) (0.3) Elimination/Corporate (3.1) (2.9) (0.2) (6.0) 3 Main factors for increase/decrease Non-operating income Financial costs decreased Non-operating expenses (1.4) Recurring income (3.7) Extraordinary income Extraordinary loss 2.6 (2.5) Income before tax (1.0) % Main factors for increase/decrease Negative impact due to inconsistencies between tax and financial accounting for dividend income from SPC in tandem with property acquisition in FY Net income attributable to owners of the parent (6.0) % * Announced on Feb. 8, 2016 Tokyo Tatemono Co., Ltd All Rights Reserved. 6

7 I. Business Results for the 2Q of FY2016 (2) Consolidated Balance Sheet Total assets increased owing in part to the acquisition of redeveloped properties Unit: Billion yen Qend 2015-end Increase/ Decrease Total assets 1, , Current assets Cash Accounts receivable, trade (2.0) Real estate for sale Other current assets Fixed assets 1, , Property and equipment Intangible assets (0.5) Investments and other assets Total liabilities 1, Interest-bearing debt Other liabilities (2.6) Total net assets (5.7) Shareholder s equity Capital Capital surplus Retained earnings Treasury stock Accumulated other comprehensive income (5.2) Non-controlling interests (3.7) 1 Breakdown of increase/decrease Cash: Non-consolidated billion Subsidiaries billion Real estate for sale Increase billion Cost transfer billion 2 Main factors for increase/decrease Lump-sum payment of prepaid rent for land related to redevelopment of the former government office land of Toshima-ku Acquisition of Otemachi Grand Cube Acquisition of land and buildings for redevelopment Sales of fixed assets 3 Breakdown of increase/decrease Non-consolidated billion Subsidiaries billion Capital adequacy ratio: 22.5% Debt Equity Ratio: 2.5X Tokyo Tatemono Co., Ltd All Rights Reserved. 7

8 I. Business Results for the 2Q of FY2016 (3) Business Results by Segment (i) Commercial properties Revenue and income rose mainly on contribution from full-year building operations 1 Unit: Billion yen Q Q Increase/ Decrease Revenue from operations Leasing of buildings Sales of real estate Full-year forecast Achievement rate % % Breakdown of increase/decrease New buildings Full-year operations Existing buildings Sale, reconstruction, etc billion billion billion billion 2 Building management service, etc Dividends Operating income % % % 2 Main factors for increase/decrease Construction sales billion Occupancy rate and average rent [Ownership/Consolidated SPC total] (Yen) Average rent (Left axis) Occupancy rate (Right axis) (%) 35, , ,000 29,509 29,410 29,042 28,608 28,922 29,191 28,934 28, , , , New and full-year operations New operations Daiwa Minami Semba Building (Acquired in April 2016) Otemachi Financial City Grand Cube (Completed in April 2016) Full-year operations Kudan KS Building (Subleasing started in February 2015) Tokyo Tatemono Nihonbashi Building (Completed in February 2015) GINZA GATES (Acquired in March 2015) FUNDES Suidobashi (Opened in August 2015) 20, /9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 65 Decline in average rent owing in part to free rent at new buildings. * Since March 2015, the portion of free rent is averaged out over the entire contract period for tenants leasing a certain area. Tokyo Tatemono Co., Ltd All Rights Reserved. 8

9 I. Business Results for the 2Q of FY2016 (3) Business Results by Segment (i) Commercial properties [Map around Tokyo Station] Number of large buildings owned and secured a development pipeline Building Construction completed 1 JA Building / Keidanren-Kaikan Otemachi Financial City Grand Cube Otemachi Financial City North Tower April The Otemachi Tower Tokyo Tatemono Muromachi Building Tokyo Tatemono Dai3 Muromachi Building Nihonbashi TI Building Tokyo Tatemono Nihonbashi Building Nihonbashi First Building Shin-Gofukubashi Building Tokyo Tatemono Yaesu Building NTA Nihonbashi Building Tokyo Tatemono Headquarter Building Yaesu MEG Building Kyobashi YS Building Kyobashi Edogrand Oct (tentative) Tokyo Square Garden Empire Building Sep (tentative) Construction completed up to 2011 Construction completed between 2012 and 2014 Construction completed in 2015 and scheduled to be completed during period of medium-term business plan Redevelopment area Urban redevelopment PJ of Yaesu 1-chome East Area in front of Tokyo Station Yaesu 1-chome North District 21 Nihonbashi 1-chome 1 and 2 block Tokyo Tatemono Co., Ltd All Rights Reserved. 9

10 I. Business Results for the 2Q of FY2016 (3) Business Results by Segment (ii) Residence Revenue and income down due to decrease in the number of condo sales posted 1 2 Unit: Billion yen Q Q Increase/ Decrease Revenue from operations (29.9) Sales of condominiums (34.2) Sales of residential houses Sales of others House leasing (0.5) Fee from sales contract services (0.8) Full-year forecast Achievement rate % % % % % % 1 Main factors for increase/decrease Condo unit price million (Previous year: million) Number of condo sales 287 units (Previous year: 949 units) Gross margin 17.3% (Previous year: 24.2%) * Achievement rate as of end-june of plans to sell 750 units: 78% The posting of sales of high-margin properties is likely to be focused in 2H. Progress in 1H was in line with plans. 3 Residential management service, etc (1.1) Operating income (7.0) % % 2 Main factors for increase/decrease Sold share in condo project billion 3 Main factors for increase/decrease Construction sales billion Condominium units sales by area Inventory of completed condominiums Other Tokyo Metropolitan areas10% Outer area of Tokyo 1% Jan.-Jun Jan.-Jun Other 12% 23 wards of Tokyo 78% Other Other 8% Tokyo Metropolitan areas11% Outer area of Tokyo 21% 23 wards of Tokyo 60% Tokyo Other Tokyo Metropolitan areas Kansai and others 91 units 2014/9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 Tokyo Tatemono Co., Ltd All Rights Reserved. 10

11 I. Business Results for the 2Q of FY2016 (3) Business Results by Segment (iii) Real estate solution services Revenue up owing in part to sales of properties that were acquired and then resold but profits dropped due in part to a reaction to dividend income posted in the previous fiscal year 1 Unit: Billion yen Q Q Increase/ Decrease Revenue from operations Brokerage Real estate purchase & resale * Full-year forecast*2 Achievement rate % % % 1 Main factors for increase/decrease Property sales increased billion Drop in reaction to dividend Income from SPC posted in same quarter a year earlier billion 2 Management service, etc Parking lot business Operating income (0.5) % % % 2 Main factors for increase/decrease Impact of M&A deals in FY billion (March 31, 2015) *1 Mainly carrying out resale of real estate that was acquired and for which added-value was enhanced. *2 The breakdown for the Feb. 8, 2016 full-year forecast was revised in tandem with the establishment of new segments. Parking lot: Number of parking spaces and occupancy rate (Slots) 80,000 70,000 60, M&A deals No. of parking spaces Occupancy rate ,654 58,659 60,727 61,743 60,907 63,267 (%) ,000 46,633 46, , , , /9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 0 * Saitama office of Shinsouki Co., Ltd. and Maos Co., Ltd. were integrated into NPC on April 1, The occupancy rate only reflects parking lots for NPC prior to the integration. Tokyo Tatemono Co., Ltd All Rights Reserved. 11

12 I. Business Results for the 2Q of FY2016 (3) Business Results by Segment (iv) Other Upfront investments ahead of further expansion to business scale 1 Unit: Billion yen Q Q Increase/ Decrease Revenue from operations Leisure and Senior business Other Operating income (0.1) (0.3) 0.2 Full-year forecast * Achievement rate % % % * The breakdown for the Feb. 8, 2016 full-year forecast was revised in tandem with the establishment of new segments. 1 Main factors for increase/decrease Increase in number of facilities in operation Contribution from facilities opened a year earlier List of facilities (Facilities in red were acquired in FY2016, Facilities in blue began operations in FY2016. * Under development) Residences for elderly people with service <<Properties owned by Tokyo Tatemono>> Grapes Asakusa Grapes Fujimino Grapes Omori-nishi Grapes Felicity Totsuka Grapes Kawasaki Shinmachi Grapes Season Totsuka * Grapes Tsujido Nishikaigan (operations slated to start in October 2016) * Tateishi 2-chome PJ (working name) (operations slated to start in 2017) * Yoga 3-chome PJ (working name) (operations slated to start in 2017) * Grapes Chitose-dai 6-chome PJ (working name) (operations slated to start in 2017) * PJ in front of Tsujido Station (working name) (operations slated to start in 2017) <<Properties under its management>> Kosha Heim Chitose Karasuyama Grapes Garden Nishi-arai Daishi Grapes J Higashi Ikebukuro * JKK Hirao Jyutaku (working name) (operations slated to start in 2017) Private nursing homes Adonis Plaza Omiya Sans Souci Kita-Urawa Sans Souci Owada * Private nursing home plan for Daikyo-cho (working name) (operations slated to start in 2017) Total 19 facilities Grapes Tsujido Nishikaigan Ofuro no Osama Hikarigaoka Higashi Kurume Shiki Konandai Hana Koganei Tama Mogusa Ooimachi Ebina Seya Sagamihara Kouza-Shibuya Ekimae Machida Total 12 facilities Ofuro no Osama Machida Pet-Friendly Hotels (Regina Dog Club) Hatoriko Kogen Regina-no-Mori Regina Resort Fuji Regina Resort Hakone Ungaiso Regina Resort Izu Murin Regina Resort Karuizawa Mikage Yosui * Tateshina (name pending) (operations slated to start in 2017) * Karuizawa-machi (name pending) (operations slated to start in 2017) * Hakone-machi (name pending) (operations slated to start in 2018) Total 8 facilities Regina Resort Karuizawa Mikage Yosui Tokyo Tatemono Co., Ltd All Rights Reserved. 12

13 I. Business Results for the 2Q of FY2016 (4) FY2016 Earnings Forecast In 2H, we estimate gain on the sale of high-margin condos and properties to investors should be in line with plans. In light of this, we are sticking with our FY2016 earnings forecast Unit: Billion yen Feb. 8, 2016 full-year forecast* 2015 Increase/ Decrease Revenue from operations Commercial properties Residence (14.0) Real estate solution services Other Operating income Commercial properties Residence (3.9) Real estate solution services Other (1.3) 1.3 Elimination/Corporate (6.0) (6.2) 0.2 Non-operating income (0.6) Non-operating expenses (1.2) Recurring income Extraordinary income (1.5) Extraordinary loss 6.3 (6.3) Income before tax Net income attributable to owners of the parent * The breakdown of full-year forecast was revised in tandem with the establishment of new segments. 1 Main factors for increase/decrease <Commercial properties> Revenue and income increase owing to property sales to investors and profit growth underpinned by contribution from full-year building operations. <Residence> Revenue and income down due to decrease in the number of condo sales posted. <Real estate solution services> Revenue up on scale expansion of parking lot business but operating income flat YoY in part in reaction to gain the SPC posted in FY2015. <Other> Revenue rise on newly started up facilities and contribution from full-year facilities operations, and profit increase, as the company posted valuation losses in FY Main factors for increase/decrease Gain on sale of fixed assets in FY2016 Gain on sale of fixed assets in FY billion billion Gain on sale of investment securities in FY billion 3 Main factors for increase/decrease Impairment losses in FY2015 Loss on sale of fixed assets in FY billion billion Tokyo Tatemono Co., Ltd All Rights Reserved. 13

14 II. Medium-term Business Plan Progress Report

15 II. Medium-term Business Plan Progress Report (1) Medium-term Business Plan (2015~2019) Made smooth progress toward operating income goal of 50 billion owing to measures to strengthen earnings power Tokyo Tatemono Group aims to continue to be the leading choice Providing amazing value through innovative group synergies Prior Plan (three-year) Strengthen foundation phase Current Medium-term Business Plan (five-year) Strengthen earnings power phase Next Plan Sustainable growth phase 2020 onward Strategic investments + Strengthen services Profit growth by exerting group synergies Tokyo Tatemono Co., Ltd All Rights Reserved. Prior plan 30.5 billion billion billion billion (actual) Operating income 30.0 Current plan 50.0 billion 2015 (start forecast) 2015 (actual) 2016 (forecast) 2019 (goal) Real estate solution services & Other Residence Commercial properties 15

16 II. Medium-term Business Plan Progress Report (2) Segment Activities Commercial properties business Real estate market is still overheated. Pouring energies into land and buildings for short-term turnover as commercial property and for future redevelopment. Recent leasing trends remain brisk. Vacancy rates trending low. Steadily raising rents. Short-term turnover commercial properties Acquire small and old buildings for future sale. Leveraging our development strengths for rebuilding and leasing. Development of compact commercial facilities, business hotels and other properties to suit location. Alleviate risk of purchasing at high prices in an overheated real estate market (Few rival players and arm s length transactions easy to carry out) Given market climate, monitoring optimal timing for sales REIT is a prospective option as an exit strategy << FUNDES Suidobashi >> <Compact commercial facilities> Acquire and rebuild old and small buildings with poor visibility and profitability in busy areas, such as in front of train stations. The FUNDES series consists mainly of restaurant buildings that target local residents and office workers. Currently in operation: FUNDES Suidobashi; Under development: Jimbocho, Ueno, and one other location <Business hotels> In contrast with compact commercial facilities, can be developed in locations that are not quite as busy and do not face a main road. Under development: Roppongi and two other locations << FUNDES Jimbocho >> (image of completion) Slated to open in November 2016 Tokyo Tatemono Co., Ltd All Rights Reserved. 16

17 II. Medium-term Business Plan Progress Report (2) Segment Activities Residential business Sales were brisk for condo units at Brillia Tower Ueno Ikenohata, an extraordinary condominium tower building located in central Tokyo. However, market polarization is becoming more pronounced in the overall market. We plan to more closely monitor customer trends. Brillia Tower Ueno Ikenohata Total 361 condos, scheduled to be posted in Of the total 327 units for sale, we received same-day applications for 259 units sold in phases 1-4. [Evaluation point of applicants] Adjacent to Ueno Park, convenient access to transportation, and a variety of shared facilities. << Brillia Tower Ueno Ikenohata (image of completion) >> At the end of June, our land bank totaled around 6,400 units (including the posting of sales of 750 units in FY2016) Real estate solution services business & Other business Parking lots: A portion of operations at Maos Co., Ltd., and Shinsouki Co., Ltd., which were acquired in FY2015, were integrated with NIHON PARKING CORPORATION to reorganize this business. Strengthen sales capabilities and streamline organizational structure by leveraging mutual knowhow. Plan to aggressively take on M&A deals and expand scale of business. Leisure: Newly opened pet-friendly hotels << Regina Resort Karuizawa Mikage Yosui >> Regina Resort Karuizawa Mikage Yosui Opened in July 30. Total of 26 guest rooms. All rooms have a view of Mikage Yosui canal. Guest rooms on the 1st floor have a private dog run. Tokyo Tatemono Co., Ltd All Rights Reserved. 17

18 II. Medium-term Business Plan Progress Report (3) Quantitative & Investment Plans Medium-term Business Plan: Quantitative plans FY2019 goals Consolidated operating income (billion yen) 50.0 Consolidated recurring income (billion yen) 37.0 Consolidated net income (billion yen) 23.0 Debt-equity ratio (times) 3 Interest-bearing debt / EBITDA multiple (times) 13 FY2015 actual FY2016 forecast (Reference) ROE (%) 5.6 Medium-term Business Plan: Investment plans (Unit: Billion yen) Fixed assets Gross investment Return Net investment Commercial properties Parking lot Leisure/Senior housing & services Other Subtotal Real estate for sale Gross investment Return Net investment Condominiums Other Subtotal Total Tokyo Tatemono Co., Ltd All Rights Reserved. 18

19 MEMO Tokyo Tatemono Co., Ltd All Rights Reserved. 19

20 III. Reference Material

21 III. Reference Material (1) Large Redevelopment Projects Underway Large redevelopment projects underway in prime locations, including Yaesu and Ikebukuro Urban redevelopment PJ of Yaesu 1-chome East Area in front of Tokyo Station Large redevelopment project in front of Tokyo Station, including Tokyo Tatemono Headquarter Building Construct a large bus terminal that connects Tokyo with international airports and regional cities Introduce functions that will enhance Tokyo s global competitive edge, including conference halls and medical facilities Strengthen regional BCP functions and capabilities to prevent disasters Urban planning decided on September 18, 2015 [Total floor space] [Mai uses] [No. of floors] [Construction start] October 2020 (tentative) [Completion date] A block about 12,000 m² B block about 228,000 m² A block: offices, stores, etc. B block: offices, stores, medical facilities, bus terminal, conferences, etc. A block; 11 floors above ground, 3 below B block: 54 floors above ground, 4 below March 2024 (tentative) Redevelopment of the former government office land of Toshima-ku Coordinate with government to implement complex development of the former government office land in Toshima-ku Expand Ikebukuro s role as an urban subcenter by constructing large office buildings Extensive theaters, including a cinema complex, and commercial facilities Create activity in the Ikebukuro area and contribute to communicating a new culture [Total floor space] Former government office land roughly 64,000 m² Public hall roughly 10,000 m² [Total area] Former government office land 3, m² Public hall 3, m² [Construction start] November 2016 (tentative) [Completion date] New hall scheduled for spring 2019 Private-sector facilities sheduled for spring 2020 Tokyo Tatemono Co., Ltd All Rights Reserved. 21

22 III. Reference Material (2) Map of Large-scale Condo under Development Planning to post sales on large condo in prime locations in central Tokyo from FY2016 onward 1 Tomigaya PJ (working name) 19 floors above ground, total 195 condos Scheduled to be posted in Ikebukuro 4 Ueno Brillia Tower Ueno Ikenohata 36 floors above ground, total 361 condos Scheduled to be posted in Shinjuku Brillia Towers Meguro floors above ground 661 condos for sales (out of total 940) Scheduled to be posted in 2017, Tokyo 3 6 BAYZ TOWER & GARDEN 31 floors above ground, total 550 condos Scheduled to be posted in 2016 Shibuya 6 Shintoyosu 5 Meguro 2 Shinagawa Brillia THE TOWER TOKYO YAESU AVENUE 30 floors above ground, total 387 condos Scheduled to be posted in 2017 Shirokane 1-chome redevelopment PJ (working name) Tokyo Tatemono Co., Ltd All Rights Reserved. 22

23 III. Reference Material (3) CSR Initiatives As a comprehensive real estate company, it has been the goal of Tokyo Tatemono since its establishment in 1896 to create a rich and comfortable urban environment. Boasting more than a century s worth of confidence, as a member of society we aim to realize a sustainable society and improve our corporate value by finding solutions to various social issues. Tokyo Tatemono is a sponsor of Japanese Para-Sports Association Singed an official partner agreement with JPSA Tokyo Tatemono, as a part of its social contribution activities, has been supporting the activities of the JPSA as an official partner since August As a developer, we are the first official partner in the industry. The JPSA s ideology is to create an energetic and symbiotic society. We aim to actively support physically-challenged athletes through numerous activities, including raising the awareness of sports played by physicallychallenged athletes. Training facilities for physically-challenged athletes Co-sponsoring Shin-toyosu Brillia Running Stadium The Shin-toyosu Brillia Running Stadium is scheduled for completion in December The facility will serve for physically-challenged athletes to train and research and as a hub of local community exchanges. Tokyo Tatemono identifies with the goal of this facility to not only offer support but to break down the barriers between the masses, different races, and between healthy and physically-challenged individuals, to create solidarity and to share joy and happiness. We acquired the naming rights to this facility as a part of our social contribution activities to support the creation of a community through sports in Shin-toyosu. Employees lend a hand at para-sports event We recruited volunteers through our group PR magazine and magazine to help out at the Japan Para Championships, which is hosted by JPSA. In addition to cooperating in making it a rousing event, the employees gained an understanding of sports played by physically-challenged athletes. Tokyo Tatemono Co., Ltd All Rights Reserved. 23

24 III. Reference Material (4) Quarterly Data (i) Commercial properties Commercial properties business 2013/9 2013/ /3 2014/6 2014/9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 Number of buildings (*1) Ownership Consolidated SPC Rentable space (Unit: 1,000m 2 ) (*1) Ownership Consolidated SPC Vacancy rate (*1) 5.7% 4.9% 5.3% 5.7% 5.4% 4.8% 7.4% 5.7% 5.5% 5.0% 4.4% 4.3% Ownership 5.7% 4.9% 4.7% 6.3% 6.5% 5.2% 9.3% 6.7% 6.7% 5.8% 5.3% 5.1% Consolidated SPC 6.1% 4.9% 3.9% 4.2% 3.1% 3.5% 2.6% 3.2% 2.0% 2.0% [Ownership/Consolidated SPC total] Average rent (Unit: yen/tsubo) 27,343 29,182 29,509 29,042 28,608 28,520 28,922 29,410 29,191 28,934 *1: From 2014, figures are disclosed including the consolidated of the SPC. Tokyo Tatemono Co., Ltd All Rights Reserved. 24

25 III. Reference Material (4) Quarterly Data (ii) Residence Residential business data 2013/9 2013/ /3 2014/6 2014/9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 Number of units sold 1,003 1, , ,089 1, Number of condo units sold 993 1, , ,087 1, Housing and residential land Others Gross margin of condo sales 14.7% 17.0% 16.3% 16.6% 17.8% 17.2% 25.0% 24.2% 23.6% 22.7% 18.8% 17.3% Inventory of condos Of which under construction Condo units supplied 1,395 1, , ,379 1, Condo units constructed 1,468 1, , ,482 1, Number of buildings with condos for rent Number of managed condo units 45,220 46,889 47,613 49,306 49,998 51,140 51,969 50,430 49,979 49,484 51,036 51,931 Tokyo Tatemono Co., Ltd All Rights Reserved. 25

26 III. Reference Material (4) Quarterly Data (iii) Real estate solution services & Other Real estate solution services business 2013/9 2013/ /3 2014/6 2014/9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 Brokerage business: Number of brokerage deals 783 1, Of which, sales 748 1, Of which, rentals Parking lots: Number of locations ,288 1,294 1,306 1,334 1,320 1,336 parking spaces 44,208 45,423 45,773 46,235 46,633 46,248 57,654 58,659 60,727 61,743 60,907 63,267 Occupancy rate ( * 1) 38.9% 41.1% 40.5% 39.0% 39.6% 41.7% 42.4% 41.9% 42.4% 42.3% 40.9% 41.0% Other business 2013/9 2013/ /3 2014/6 2014/9 2014/ /3 2015/6 2015/9 2015/ /3 2016/6 Residences for elderly people with service Of which, owned Owned units ( * 2) Of which, operated Operated units ( * 3) Private nursing homes Of which, owned Owned units *1: Saitama office of Shinsouki Co., Ltd. and Maos Co., Ltd. were integrated into NPC on April 1, The occupancy rate only reflects parking lots for NPC prior to the integration. *2: Includes some jointly owned properties. Data after the end of December 2014 have been revised taking into account Tokyo Tatemono s ownership in these residences. *3: Regarding *2 above, figures have been revised due to erroneous figures disclosed after the end of December Tokyo Tatemono Co., Ltd All Rights Reserved. 26

27 MEMO Tokyo Tatemono Co., Ltd All Rights Reserved. 27