presentation material · 2019-09-02 · tokyo tatemono co., ltd all rights reserved. 2 this...

Presentation Material

Tokyo Tatemono Co., Ltd All Rights Reserved. 2

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 Please be aware that content may be changed or withdrawn without advance notice.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.

Disclaimer

Tokyo Tatemono Co., Ltd All Rights Reserved.

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. 6p. 7p. 8p.13

II. Medium-term Business Plan Progress Report

(1) Medium-term Business Plan(2015~2019)(2) Segment Activities(3) Quantitative & Investment Plans

p.15p.16p.18

III. Reference Material (1) Large Redevelopment Projects Underway(2) Map of Large-scale Condo under Development(3) CSR Initiatives(4) Quarterly Data

p.21p.22p.23p.24

Executive Summary p. 4

3

Contents


• 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.

• 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.

Highlight of Business Results for FY2016 2Q

Topics

Executive Summary



6

Unit: Billion yen 2016 2Q 2015 2Q Increase/Decrease

Revenue from operations 107.5 127.1 (19.6)

Commercial properties 43.5 42.1 1.3

Residence 31.2 61.1 (29.9)

Real estate solution services 24.3 16.0 8.3

Other 8.4 7.8 0.6

Operating income 13.9 19.5 (5.6)


Residence 1.4 8.4 (7.0)

Real estate solution services 1.6 2.2 (0.5)

Other (0.1) (0.3) 0.2

Elimination/Corporate (3.1) (2.9) (0.2)

Non-operating income 1.7 1.2 0.4

Non-operating expenses 5.2 6.7 (1.4)

Recurring income 10.3 14.1 (3.7)

Extraordinary income 2.1 2.0 0.1

Extraordinary loss ‒ 2.6 (2.5)

Income before tax 12.4 13.5 (1.0)

Net income attributable to owners of the parent 5.6 11.6 (6.0)

Main factors for increase/decrease• Financial costs decreased

3

1 Main factors for increase/decrease• Decrease in number of condo sales posted• Increase in property sales in the real estate

solution service segment

3

2

1

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 FY2016

4

4

Full-year forecasts*

Achievement rate

260.0 41%

106.0

84.0

49.0

21.0

35.0 40%

30.0

6.5

4.5

-

(6.0)

2.0

11.0

26.0 40%

2.0

‒

28.0

16.5 34%

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

2 Main factors for increase/decrease• Decrease in number of condo sales posted• Contribution from full-year building

operations

* Announced on Feb. 8, 2016

(1) Consolidated Statements of Income


Total assets increased owing in part to the acquisition of redeveloped properties

Unit: Billion yen 2016 2Q-end 2015-end Increase/

Decrease

Total assets 1,330.9 1,297.1 33.7Current assets 262.9 238.2 24.7

Cash 65.3 47.2 18.1Accounts receivable, trade 6.1 8.1 (2.0)Real estate for sale 161.9 153.7 8.1Other current assets 29.4 28.9 0.4

Fixed assets 1,067.9 1,058.8 9.0Property and equipment 765.6 758.0 7.6Intangible assets 111.9 112.5 (0.5)Investments and other assets 190.2 188.3 1.9

Total liabilities 1,024.1 984.5 39.5Interest-bearing debt 749.5 707.3 42.1Other liabilities 274.6 277.2 (2.6)

Total net assets 306.7 312.5 (5.7)Shareholder’s equity 218.2 215.0 3.1

Capital 92.4 92.4 ‒Capital surplus 66.6 66.4 0.1Retained earnings 59.1 56.1 3.0Treasury stock ‒ ‒ ‒

Accumulated other comprehensive income 81.2 86.4 (5.2)Non-controlling interests 7.2 10.9 (3.7)

1

2

3

7

Capital adequacy ratio: 22.5%

Debt Equity Ratio: 2.5X

1 Breakdown of increase/decrease• Cash: Non-consolidated +¥16.5 billion

Subsidiaries +¥1.6 billion• Real estate for sale

Increase +¥37.1 billionCost transfer -¥28.6 billion

3 Breakdown of increase/decrease• Non-consolidated +¥64.1 billion• Subsidiaries -¥22.0 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

(2) Consolidated Balance SheetI. Business Results for the 2Q of FY2016


Revenue and income rose mainly on contribution from full-year building operations


Revenue from operations 43.5 42.1 1.3

Leasing of buildings 30.9 30.4 0.5

Sales of real estate ‒ ‒ ‒

Building management service, etc. 12.4 11.6 0.8

Dividends 0.1 0.1 ‒

Operating income 14.1 12.1 2.0

29,509 29,042 28,608 28,520 28,922 29,410 29,191 28,934

94.6 95.292.6

94.3 94.5 95.0 95.6 95.7

65

70

75

80

85

90

95

100

20,000

22,500

25,000

27,500

30,000

32,500

35,000

2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Average rent (Left axis) Occupancy rate (Right axis)

* Since March 2015, the portion of free rent is averaged out over the entire contract period for tenants leasing a certain area.

(Yen) (%)

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 operationsKudan 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)

Occupancy rate and average rent [Ownership/Consolidated SPC total]

1

2

8

2 Main factors for increase/decrease• Construction sales +¥0.5 billion

1 Breakdown of increase/decrease• New buildings +¥0.1 billion• Full-year operations +¥0.9 billion• Existing buildings +¥0.8 billion• Sale, reconstruction, etc. -¥1.2 billion

Full-year forecast

Achievement rate

106.0 41%

63.5 49%

18.5 ‒

23.5 53%

0.5 26%

30.0 47%

Decline in average rent owing in part to free rent at new buildings.

(3) Business Results by Segment (i) Commercial propertiesI. Business Results for the 2Q of FY2016


[Map around Tokyo Station] Number of large buildings owned and secured a development pipeline

21

1212

1111

1010

99

5511

13131414

1515

66

22

33

44

77

1717

16

18

8

20

21

1988

1616

18188

Building Construction completed

1 JA Building / Keidanren-Kaikan 2009

2 Otemachi Financial CityGrand Cube April 2016

3 Otemachi Financial CityNorth Tower 2012

4 The Otemachi Tower 2014

5 Tokyo Tatemono MuromachiBuilding 1966

6 Tokyo Tatemono Dai3Muromachi Building 1971

7 Nihonbashi TI Building 2012

8 Tokyo Tatemono Nihonbashi Building 2015

9 Nihonbashi First Building 1994

10 Shin-Gofukubashi Building 1977

11 Tokyo Tatemono YaesuBuilding 2011

12 NTA Nihonbashi Building 1991

13 Tokyo Tatemono HeadquarterBuilding 1929

14 Yaesu MEG Building 1986

15 Kyobashi YS Building 1990

16 Kyobashi Edogrand Oct. 2016(tentative)

17 Tokyo Square Garden 2013

18 Empire Building Sep. 2017 (tentative)

162

417

18

Yaesu 1-chome North District20 Nihonbashi 1-chome

1 and 2 block21

Urban redevelopment PJ of Yaesu 1-chomeEast Area in front of Tokyo Station

19

Redevelopment area

9

Construction completed up to 2011Construction completed between 2012 and 2014Construction completed in 2015 and scheduled to be completed during period of medium-term business plan

(3) Business Results by Segment (i) Commercial propertiesI. Business Results for the 2Q of FY2016



Revenue from operations 31.2 61.1 (29.9)

Sales of condominiums 16.6 50.9 (34.2)

Sales of residential houses 0.2 ‒ 0.2

Sales of others 6.6 0.1 6.4

House leasing 1.5 2.0 (0.5)

Fee from sales contract services 0.4 1.2 (0.8)

Residential management service, etc. 5.6 6.7 (1.1)


1

2

Revenue and income down due to decrease in the number of condo sales posted

Main factors for increase/decrease• Condo unit price ¥57.92 million

(Previous year: ¥53.65 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.

1

10

2 Main factors for increase/decrease• Sold share in condo project +¥6.6 billion

Jan.-Jun. 2015 Jan.-Jun. 2016

23 wards of Tokyo

78%

Outer area of Tokyo

1%

Other Tokyo

Metropolitan areas10%

Other12%

23 wards of Tokyo

60%

Other8%

Condominium units sales by area Inventory of completed condominiums

0

100

200

300

2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Tokyo Other Tokyo Metropolitan areas Kansai and others

3

3 Main factors for increase/decrease• Construction sales -¥0.7 billion

Full-year forecast

Achievement rate

84.0 37%

43.5 38%

0.3 88%

21.5 31%

2.7 58%

1.0 45%

15.0 37%

6.5 22%

91 unitsOuter area of Tokyo

21%

Other Tokyo

Metropolitan areas11%

(3) Business Results by Segment (ii) ResidenceI. Business Results for the 2Q of FY2016




Brokerage 1.9 1.3 0.5

Real estate purchase & resale *1 11.5 5.3 6.2

Management service, etc. 1.7 1.6 ‒

Parking lot business 9.1 7.6 1.4


1

2

Revenue up owing in part to sales of properties that were acquired and then resold butprofits dropped due in part to a reaction to dividend income posted in the previous fiscal year

11

2 Main factors for increase/decrease• Impact of M&A deals in FY2015 +¥1.2 billion

(March 31, 2015)

1 Main factors for increase/decrease• Property sales increased +¥7.0 billion• Drop in reaction to dividend

Income from SPC posted in same quarter a year earlier -¥0.6 billion

Parking lot: Number of parking spaces and occupancy rate

46,633 46,248

57,654 58,659 60,727 61,743 60,907 63,267

39.641.7 42.4 41.9 42.4 42.3 40.9 41.0

0

5

10

15

20

25

30

35

40

45

50

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

No. of parking spaces Occupancy rate(Slots)

(%)M&A deals

* Saitama office of Shinsouki Co., Ltd. and Maos Co., Ltd. were integrated into NPC on April 1, 2016. The occupancy rate only reflects parking lots for NPC prior to the integration.

Full-year forecast*2

Achievement rate

49.0 50%

4.0 48%

22.5 51%

3.5 49%

19.0 48%

4.5 37%*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.

(3) Business Results by Segment (iii) Real estate solution services





Leisure and Senior business 7.9 7.3 0.5

Other 0.5 0.5 ‒

Operating income (0.1) (0.3) 0.2

1

Upfront investments ahead of further expansion to business scale

12

1 Main factors for increase/decrease• Increase in number of facilities in

operation• Contribution from facilities opened a

year earlier

Full-year forecast *

Achievement rate

21.0 40%

20.0 40%

1.0 55%

‒ ‒

List of facilities (Facilities in red were acquired in FY2016, Facilities in blue began operations in FY2016. *Under development)

<<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)


• 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)

Residences for elderly people with service Private nursing homes

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

* The breakdown for the Feb. 8, 2016 full-year forecast was revised in tandem with the establishment of new segments.

• 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)


Pet-Friendly Hotels (Regina Dog Club)

Total 8 facilities↓ Regina Resort Karuizawa Mikage Yosui

(3) Business Results by Segment (iv) OtherI. Business Results for the 2Q of FY2016


Unit: Billion yenFeb. 8, 2016

full-year forecast*

2015 Increase/Decrease

Revenue from operations 260.0 260.0 ‒


Residence 84.0 98.0 (14.0)

Real estate solution services 49.0 47.7 1.2

Other 21.0 17.2 3.7

Operating income 35.0 34.4 0.5


Residence 6.5 10.4 (3.9)

Real estate solution services 4.5 4.4 ‒

Other ‒ (1.3) 1.3

Elimination/Corporate (6.0) (6.2) 0.2

Non-operating income 2.0 2.6 (0.6)

Non-operating expenses 11.0 12.2 (1.2)

Recurring income 26.0 24.7 1.2

Extraordinary income 2.0 3.5 (1.5)

Extraordinary loss ‒ 6.3 (6.3)

Income before tax 28.0 21.9 6.0Net income attributable to owners of the parent 16.5 16.3 0.1

1

1

23

13

2 Main factors for increase/decrease• Gain on sale of fixed assets in FY2016 +¥2.0 billion• Gain on sale of fixed assets in FY2015 -¥1.8 billion• Gain on sale of investment securities in FY2015

-¥1.4 billion

3 Main factors for increase/decrease• Impairment losses in FY2015 -¥5.0 billion• Loss on sale of fixed assets in FY2015 -¥1.1 billion

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.

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 FY2015.

* The breakdown of full-year forecast was revised in tandem with the establishment of new segments.

(4) FY2016 Earnings ForecastI. Business Results for the 2Q of FY2016


Strategic investments

Strengthen services+

↓Profit growth by exerting group

synergies

15

Made smooth progress toward operating income goal of ¥50 billionowing to measures to strengthen earnings power

Prior Plan (three-year)

Strengthen foundation phase

Sustainable growth phaseNext Plan

2020 onward

Tokyo Tatemono Group aims to continue to be the leading choiceProviding amazing value through innovative group synergies

29.4 25.5 27.2 30.0 32.0

3.7 8.0 10.4 6.5

9.0 3.9 3.0 3.0 4.5

14.0

-6.5 -6.5 -6.2 -6.0 -5.0

¥30.5 billion

¥35.0billion

Commercial properties

Residence

Real estate solution services & Other

2014 (actual)

¥34.4billion

¥50.0billion

Prior plan Current plan

Operating income

2015-20192012-2014

Current Medium-term Business Plan (five-year)

Strengthen earnings powerphase

¥30.0billion

2015(start forecast) 2015 (actual) 2016 (forecast) 2019 (goal)

(1) Medium-term Business Plan (2015~2019)II. Medium-term Business Plan Progress Report


• 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.

Commercial properties business

<< FUNDES Jimbocho >>(image of completion)

Slated to open in November 2016

<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

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 >>

(２) Segment ActivitiesII. Medium-term Business Plan Progress Report


(２) Segment Activities

• 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.

• At the end of June, our land bank totaled around 6,400 units (including the posting of sales of 750 units in FY2016)

Residential business

<< Brillia Tower Ueno Ikenohata (image of completion) >>

Brillia Tower Ueno Ikenohata

Total 361 condos, scheduled to be posted in 2019.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.

• 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

Real estate solution services business & Other business

<< 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 Yosuicanal.Guest rooms on the 1st floor have a private dog run.



Medium-term Business Plan: Quantitative plansFY2019 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

Medium-term Business Plan: Investment plansFixed assets Gross investment Return Net investment

Commercial properties 150.0 ‒ 150.0Parking lot 30.0 ‒ 30.0Leisure/Senior housing & services 50.0 ‒ 50.0Other 50.0 ‒ 50.0Subtotal 280.0 ‒ 280.0

Real estate for sale Gross investment Return Net investmentCondominiums 360.0 350.0 10.0Other 80.0 70.0 10.0Subtotal 440.0 420.0 20.0

Total 300.0

34.4

24.7

16.3

FY2015 actual FY2016 forecast

(Reference) ROE (%) 5.6

(Unit: Billion yen)

2.3

13.4

26.0

16.5

35.0

(3) Quantitative & Investment PlansII. Medium-term Business Plan Progress Report


MEMO

III. Reference Material


Urban redevelopment PJ of Yaesu 1-chome East Area in front of Tokyo Station Redevelopment of the former government office land of Toshima-ku

Large redevelopment project in front of Tokyo Station, including Tokyo Tatemono Headquarter BuildingConstruct a large bus terminal that connects Tokyo with international airports and regional citiesIntroduce functions that will enhance Tokyo’s global competitive edge, including conference halls and medical facilitiesStrengthen regional BCP functions and capabilities to prevent disasters⇒Urban planning decided on September 18, 2015

21

[Total floor space] Former government office land roughly 64,000 m² Public hall roughly 10,000 m²

[Total area] Former government office land 3,637.15 m²Public hall 3,049.62 m²

[Construction start] November 2016 (tentative)[Completion date] New hall scheduled for

spring 2019Private-sector facilities sheduled for spring 2020

Coordinate with government to implement complex development of the former government office land in Toshima-kuExpand Ikebukuro’s role as an urban subcenter by constructing large office buildingsExtensive theaters, including a cinema complex, and commercial facilitiesCreate activity in the Ikebukuro area and contribute to communicating a new culture

[Total floor space]

[Mai uses]

[No. of floors]

[Construction start][Completion date]

A block about 12,000 m²B 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 belowB block: 54 floors above ground,

4 belowOctober 2020 (tentative)March 2024 (tentative)

Large redevelopment projects underway in prime locations, including Yaesu and Ikebukuro

(1) Large Redevelopment Projects UnderwayIII. Reference Material


Planning to post sales on large condo in prime locations in central Tokyo from FY2016 onward

1

2

3

4

5

6

Tomigaya PJ (working name)19 floors above ground, total 195 condosScheduled to be posted in 2019

Brillia Towers Meguro38-40 floors above ground

661 condos for sales (out of total 940)Scheduled to be posted in 2017, 2018

Brillia THE TOWERTOKYO YAESU AVENUE

30 floors above ground, total 387 condosScheduled to be posted in 2017

Brillia Tower Ueno Ikenohata36 floors above ground, total 361 condos

Scheduled to be posted in 2019

BAYZ TOWER & GARDEN31 floors above ground, total 550 condos

Scheduled to be posted in 2016

Shirokane 1-chomeredevelopment PJ (working name)

(2) Map of Large-scale Condo under DevelopmentIII. Reference Material

11

22

44

5566

Ikebukuro

Shinjuku

Shibuya

Meguro

Ueno

Shinagawa

Shintoyosu

Tokyo

33


Tokyo Tatemono is a sponsor of Japanese Para-Sports Association

Tokyo Tatemono, as a part of its social contribution activities, has been supporting the activities of the JPSA as an official partner since August 2015. 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 physically-challenged athletes.

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 asustainable society and improve our corporate value by finding solutions to various social issues.

Employees lend a hand at para-sports event

Training facilities for physically-challenged athletesCo-sponsoring Shin-toyosu Brillia Running Stadium

The Shin-toyosu Brillia Running Stadium is scheduled for completion in December 2016. 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.

We recruited volunteers through our group PR magazine and email 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.

Singed an official partner agreement with JPSA

(3) CSR InitiativesIII. Reference Material


2013/9 2013/12 2014/3 2014/6 2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Number of buildings (*1) 31 31 39 39 39 40 42 42 42 40 40 42

Ownership 31 31 30 30 30 31 34 34 34 33 33 35

Consolidated SPC ‒ ‒ 9 9 9 9 8 8 8 7 7 7

Rentable space (Unit: 1,000m2) (*1) 197 199 440 422 422 436 464 465 461 454 454 465

Ownership 197 199 244 241 241 264 325 326 322 317 330 342

Consolidated SPC ‒ ‒ 195 181 181 172 138 138 138 136 123 123

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

Commercial properties business

*1: From 2014, figures are disclosed including the consolidated of the SPC.

(４) Quarterly Data (i) Commercial propertiesIII. Reference Material


2013/9 2013/12 2014/3 2014/6 2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Number of units sold 1,003 1,914 577 670 933 1,378 824 951 1,089 1,533 182 295

Number of condo units sold 993 1,902 577 669 931 1,376 824 949 1,087 1,528 179 287

Housing and residential land 5 5 0 0 0 0 0 0 0 1 3 6

Others 4 7 0 1 2 2 0 2 2 3 1 2

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 300 261 303 252 182 197 265 179 130 110 105 91

Of which under construction 42 39 21 45 44 31 49 34 11 7 11 14

Condo units supplied 1,395 1,712 251 582 859 1,150 251 464 1,379 1,549 115 452

Condo units constructed 1,468 1,834 303 583 992 1,330 310 495 1,482 1,632 90 368

Number of buildings with condosfor rent 14 11 10 10 10 9 7 8 7 6 6 7

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

Residential business data

(４) Quarterly Data (ii) ResidenceIII. Reference Material


*1: Saitama office of Shinsouki Co., Ltd. and Maos Co., Ltd. were integrated into NPC on April 1, 2016. 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 2014.

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2013/9 2013/12 2014/3 2014/6 2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Residences for elderly peoplewith service 1 2 3 3 4 6 8 8 8 9 9 9

Of which, owned 1 2 2 2 2 3 5 5 5 6 6 6

Owned units (*2) 98 184 184 184 184 233 358 358 358 395 395 395

Of which, operated ‒ ‒ 1 1 2 3 3 3 3 3 3 3

Operated units (*3) ‒ ‒ 86 86 148 247 247 247 247 284 284 284

Private nursing homes ‒ ‒ ‒ ‒ 3 3 3 3 3 3 3 3

Of which, owned ‒ ‒ ‒ ‒ 3 3 3 3 3 3 3 3

Owned units ‒ ‒ ‒ ‒ 167 167 167 167 167 167 167 167

2013/9 2013/12 2014/3 2014/6 2014/9 2014/12 2015/3 2015/6 2015/9 2015/12 2016/3 2016/6

Brokerage business:Number of brokerage deals 783 1,049 248 499 714 978 213 473 731 999 224 476

Of which, sales 748 1,000 235 464 668 920 201 447 688 943 217 456

Of which, rentals 35 49 13 35 46 58 12 26 43 56 7 20

Parking lots: Number of locations 611 619 626 636 638 641 1,288 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%

Real estate solution services business

Other business

(４) Quarterly Data (iii) Real estate solution services & OtherIII. Reference Material


MEMO

presentation material · 2019-09-02 · tokyo tatemono co., ltd all rights reserved. 2 this...

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