for FY2014 (Ended December 31, 2014)pdf.irpocket.com/C8804/QPg3/DJMZ/iJFP.pdf · Revenue and income...

NAKANO CENTRAL PARK TOKYO SQUARE GARDEN THE OTEMACHI TOWER

for FY2014(Ended December 31, 2014)

Tokyo Tatemono Co., Ltd All Rights Reserved.

Disclaimer

2

- This material has been translated from a portion of the Japaneseoriginal for reference purposes only. In the event any discrepancyarises between this translated document and the Japanese original,the original shall prevail. The Company assumes no responsibility forthis translation, nor for direct, indirect, or any other form of damagesthat may arise from using this translation. This English versionincludes some explanatory notes.

- The utmost care is applied to the information provided in this material;nevertheless, the accuracy and completeness of this information is notguaranteed. Please be aware that content may be changed orwithdrawn without advance notice.

- This material contains the current plans, beliefs, and forecastsconcerning 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 futureperformance. Actual results may differ materially from these forecastsdue to various factors.


Contents

1. Business Results for FY2014 (Ended December 31, 2014)

(1) Consolidated Statements of Income p. 4

(2) Consolidated Balance Sheet p. 5

(3) Business Results by Segment p. 6

2. Group Restructuring p.13

3. Segment Changes p.14

4. Outlook for FY2015

(1) Consolidated Statements of Income p.15

(2) Business Results by Segment p.16

5. Reference Material

(1) Map of Properties around Tokyo Station p.20

(2) Map of Condominiums under Development p.21

3


1. Business Results for FY2014 (1) Consolidated Statements of Income

Revenue and income increased mainly owing in part to SPC consolidation at the start of fiscal year and gain from the sale of fixed assets

4

Unit: Billion yen 2,014 2,013 Increase/Decrease

2014 (forecast)* Increase/Decrease

Revenue from operations 237.0 220.0 17.0 230.0 7.0

Commercial properties 109.2 66.4 42.8 107.0 2.2

Residential development 87.6 113.5 (25.8) 86.0 1.6

Other 40.0 40.0 - 37.0 3.0

Operating income 30.5 29.3 1.1 28.0 2.5

Commercial properties 29.4 25.4 3.9 28.5 0.9

Residential development 3.8 7.6 (3.8) 3.3 0.5

Other 5.1 3.6 1.4 4.2 0.9

Elimination/Corporate (7.8) (7.4) (0.3) (8.0) 0.1

　Non-operating income 1.9 2.5 (0.6) 1.3 0.6

　Non-operating expenses 15.1 9.9 5.2 16.3 (1.2)

Recurring income 17.3 21.9 (4.6) 13.0 4.3

　Extraordinary income 142.4 21.5 120.9 142.0 0.4

　Extraordinary loss 17.4 22.2 (4.7) 15.0 2.4

Income before tax 142.3 21.2 121.0 140.0 2.3

Net income 82.9 10.1 72.8 80.0 2.9

(1)

(2)

(1) Revenue from operations

■ Main factors for increase/decrease- Consolidated SPC +¥26.2 billion- Sale of buildings (real estate for sale) +¥22.1 billion- Consolidation of building management companies,

etc. in the previous year- Condominium sales -¥26.2 billion

(2) Operating income

■ Main factors for increase/decrease- Consolidated SPC Approx. +¥12.5 billion- SPC dividends in the previous year -¥11.8 billion

(Special factors portion Approx. -¥4.5 billion)

(3) Non-operating expenses

■ Main factors for increase/decrease- Consolidated SPC (interest expenses)

Approx. +¥5.7 billion

(4) Extraordinary income

■ Main factors- Gain on sale of a part of The Otemachi Tower and

Nakano Central Park. ¥132.7 billion- Gain on negative goodwill associated with

acquisition of preferred investment in SPC, etc.¥7.0 billion

(5) Extraordinary loss

■Main factors

Expenses for early repayment of loans associated with SPC restructuring ¥5.1 billion

- Valuation loss due to redemption of preferred shares in equity-method affiliates ¥4.2 billion

- Valuation loss, including leased condos ¥6.8 billion

* Blue: Effect of SPC consolidation

(3)

(4)

*Full-year forecasts released on November 7, 2014

(5)


2014 end 2013 end Increase/Decrease

1,319.4 938.1 381.3242.6 195.9 46.6

Cash 86.9 52.2 34.6Accounts receivable, trade 5.8 19.6 (13.8)Marketable securities, TKinvestments

- 6.8 (6.8)

Real estate for sale 112.8 101.2 11.6Other current assets 37.0 15.9 21.0

1,076.8 742.1 334.6Property and equipment 773.9 412.6 361.3Intangible assets 112.5 17.4 95.1Investments and other assets 190.2 312.1 (121.8)

1,013.6 675.8 337.7748.2 434.7 313.5265.3 241.1 24.2305.8 262.2 43.5206.9 172.0 34.8

Capital 92.4 92.4 -Capital surplus 63.4 63.4 -Retained earnings 53.4 18.5 34.8Treasury stock (2.4) (2.3) -

78.9 78.3 0.5

19.9 11.8 8.1

Current assets

Accumulated other comprehensiveincomeMinority interests

Unit: Billion yen

Total net assetsShareholders' equity

Total assets

Interest-bearing debtOther liabilities

Total liabilities

Fixed assets

Assets sharply increased owing to SPC consolidation mainly at the start of the fiscal year

1. Business Results for FY2014 (2) Consolidated Balance Sheet

(1) Current assets■Main factors for increase/decrease

- Cash:Consolidated SPC +¥30.5 billionNon-consolidated +¥2.7 billion

- Marketable securities, TK investments:Consolidated SPC (equity elimination) -¥6.8 billion

- Real estate for sale: Non-consolidated +¥8.7 billion

- Other current assets:Consolidated SPC +¥3.8 billionNon-consolidated +¥16.3 billion

(2) Fixed assets■Main factors for increase/decrease

- Property, plant and equipment:Non-consolidated (Nakano Central Park, Grand Front Osaka, etc.) +¥110. 2 billionConsolidated SPC +¥257.3 billion

- Intangible assets:Consolidated SPC (Leasehold right) +¥95.4 billion

- Investments and other assets:Consolidated SPC (elimination to reflect equity/investment loss provisions, etc.)

-¥116.2 billion(3) Interest-bearing debt■Main factors for increase/decrease

Consolidated SPC +¥312.2 billionNon-consolidated +¥1.2 billion

(4) Shareholders’ equity■Main factors for increase/decrease

Financial impact of SPC consolidation: -¥36.5 billionNet income +¥82.9 billion

(5) Minority interests■Main factors for increase/decrease

Consolidated SPC +¥6.8 billion


Capital adequacy ratio: 21.7%Debt Equity Ratio: 2.6X

(1)

(2)

(4)

(3)

(5)

5


Unit: Billion yen 2014 2013 Increase/Decrease 2014 (forecast)* Increase/Decrease

Operating revenue 109.2 66.4 42.8 107.0 2.2Leasing of buildings, etc. 62.0 31.8 30.1 62.0 -

Sales of real estate 22.9 0.8 22.1 23.0 -Building management

service, etc. 24.1 21.8 2.2 22.0 2.1

Dividends 0.1 11.9 (11.8) - 0.1Operating income 29.4 25.4 3.9 28.5 0.9

1. Business Results for FY2014 (3) Business Results by Segment (i) Commercial Properties

オフィスは安定稼働、セグメント全体では前期物件売却の反動で減益

(1)

(3) (2)

6

24,162 yen

27,343 yen

29,182 yen 29,509 yen 29,042 yen

95.1% 94.7% 94.3% 94.6% 95.2%

Dec. 2013 Mar. 2014 Jun. Sep. Dec.

Occupancy rate and average rent [Ownership/Consolidated SPC]

• Data include only the buildings held by the Company for the period until December 2013, and from January 2014 data include the buildings held by the Company and consolidated SPCs.

• Average rent means monthly average rent per tsubo including common area charge

Revenue and income increased chiefly due to SPC consolidation and the sale of real estate for sale

(1) Leasing of buildings, etc.■Breakdown of increase/decrease

New operation: +¥0.1 billionFull year’s operation: －Existing: +¥0.1 billionSale/reconstruction: -¥1.0 billionConsolidated SPC +¥26.2 billionOther: +¥4.7 billion

■Business data

- Occupancy rates:Ownership/Consolidated SPC 95.2% Ownership 94.8%Consolidated SPC 95.8%

- Average rent per tsubo:Ownership/ConsolidatedSPC ¥29,042/tsubo

(2) Sales of real estate■BreakdownSale of office buildings (real estate for sale): ¥22.9 billion

(3) Building management service, etc.■Main factors for increase/decreaseConsolidation of building management companies, etc. in the previous year: +¥3.8 billion

(4) Dividends■Main factors for increase/decreaseDividends from SPCs are eliminated due to SPC consolidation from FY2014.

〇 New and full year operations

- New operationsShibuya SS Building (Acquired in May 2014)TG Building (Subleasing started in August 2014)

- Full-year operationsThe Otemachi Tower (Completed overall in April 2014)Tokyo Square Garden (Completed in March 2013)Grand Front Osaka (Completed in March 2013)*Acquired from SPC in December 2014


*Forecasts released on November 7, 2014

(4)


End-December 2011 End-December 2014

30 years and older

39%

20-30 years old20%

10-20 years old

19%

Under 10 years22%

Under 10 years58%

10-20 years old

6%

20-30 years old

13%

30 years and older

23%

14 years oldAverage age**

Other23％

Three central wards of Tokyo

30%

Tokyo（excluding 23 wards)

7%23 wards

(excluding 5 central wards)

5% Shibuya, Shinjuku wards

35%

Other19%

Three central wards of Tokyo

41％

Shibuya,Shinjuku wards

19％

Drastic change in portfolio following completion of key properties in 2012–2014

1. Business Results for FY2014(3) Business Results by Segment (i) Commercial Properties

End-December 2011 End-December 2014

Building Age*

Buildings owned by Tokyo Tatemono + Consolidated SPC buildings + 1 consolidated subsidiary building (all based on ownership)

7

* % of leased space** Weighted average based on

leased space

22 years oldAverage age**

Region*

Tokyo（excluding 23 wards)

5％

23 wards(excluding

5 central wards)16％


100-200 tsubo22%

Less than 100 tsubo

5%

200-300 tsubo17% Over 300 tsubo

56%

Drastic change in portfolio following completion of key properties in 2012–2014


34 buildings

42 buildings

Roughly 217,000 m2

Roughly 450,000 m2

Over 300 tsubo79%

200-300 tsubo8%

100-200 tsubo11%

Less than 100 tsubo

2%

8

Standard Floor Area* Number of Buildings-Leased Space

Buildings owned by Tokyo Tatemono + Consolidated SPC buildings + 1 consolidated subsidiary building (all based on ownership)

* % of leased space

End-December 2011 End-December 2014 End-December 2011 End-December 2014

1 tsubo = roughly 3.3m2

Tokyo Tatemono Co., Ltd All Rights Reserved. 9

Achieved stable operating rate owing to strengthening of leasing activities and completion of construction of core properties


THE OTEMACHI TOWER

August 2013(completion of 1st phase)

April 2014Completion

TOKYO SQUARE GARDEN

March 2013Completion

End-Dec. 2013Contract rate

80％

End-Dec.2014Contract rate

about 95％

GRAND FRONT OSAKA

March 2013Completion

End-Dec. 2013Offer rate

about 40％

End-Dec. 2014Offer rate

about 70％

FY2014

FY2013

FY2012

End-Dec.2014Contract rate

100％

*Operating rate for south building

NAKANO CENTRAL PARK

May 2012


95％


100％


80％

Completion


0

100

200

300

400

500

12/12 3/13 6/13 9/13 12/13 3/14 6/14 9/14 12/14

Tokyo Other Tokyo metropolitan area Kansai area and others

Inventory of completed condominiumsCondominium units sales by area (4Q 2014)

(1) Sales of condominiums■Business data

Number of units recorded as sold: 1,376 units(same period of the prior year: 1,902 units)Condominium gross margin: 17.2%(same period of the prior year: 17.0%)Inventory of completed condominiums 197 units(same period of the prior year: 261 units)

(2) Sales of others■Breakdown

-Sale of the share of condominium PJ ¥3.8 billion

(3) Residential management service, etc.■Main factors for increase/decrease- Part of renovation business transferred from the other segment

¥1.0 billion■Business data- Number of managed condominium units by Tokyo Tatemono

Amenity Support Co., Ltd: 51,140 units(same period of the prior year: 46,889 units)

Unit: Billion yen 2014 2013 Increase/Decrease 2014 (forecast) Increase/Decrease

Operating revenue 87.6 113.5 (25.8) 86.0 1.6Sales of condominiums 61.6 87.9 (26.2) 61.0 0.6

Sales of residentialhouses - 0.5 (0.5) - -

Sales of others 3.9 4.5 (0.5) 3.8 0.1House leasing 6.2 6.2 - 6.2 -

Fee from sales contractservices 1.9 1.8 - 1.8 0.1

Residential managementservice, etc. 13.6 12.4 1.2 13.2 0.4

Dividends 0.2 - 0.2 - 0.2Operating income 3.8 7.6 (3.8) 3.3 0.5

Revenue and income down reflecting decline in condominium sales volume

10

(1)

(3)

1. Business Results for FY2014(3) Business Results by Segment (ii) Residence

23 wards of Tokyo 33%

Outer area of Tokyo 8%

Other Tokyo Metropolitan areas

44%

Other 15%

(2)



Unit: Billion yen 2014 2013 Increase/Decrease 2014 (forecast) Decrease/Increase

Revenue from operations 40.0 40.0 - 37.0 3.0

Brokerage business 11.6 9.5 2.1 9.8 1.8Leisure business 13.5 11.9 1.5 12.5 1.0

Parking lot business 13.0 12.5 0.4 13.2 (0.1)Other 0.8 0.7 0.1 0.7 0.1

Dividends 0.8 1.1 (0.2) 0.8 -Overseas business - 1.9 (1.9) - -

Renovation - 1.8 (1.8) - -Restaurants - 0.2 (0.2) - -

Operating income 5.1 3.6 1.4 4.2 0.9

11

Income increased owing in part to capital gain in brokerage business

(1)

(3)

1. Business Results for FY2014(3) Business Results by Segment (iii) Other

(2)

*1 Overseas business: The consolidated subsidiary has been sold.

*2 Renovation: Restructure into the Commercial Properties segment and the Residence segment

*3 Restaurants: The business has been sold.


*3

*1*2

(4)

(1) Brokerage business

■Main factors for increase/decreaseBrokerage, consulting, etc.: +/- ¥0 billionSales of real estate: +¥2.3 billion

■Business dataNumber of brokerage deals: 978(same period of the prior year: 1,049)Of which, sales: 920(same period of the prior year: 1,000)Of which, rentals: 58 (same period of the prior year: 49)

(2) Leisure business

■Main factors for increase/decreaseSpa facilities (Kokochiyu consolidated) +¥1.5 billion

(3) Parking lot business

■Business data- Number of locations: 641

(same period of the prior year: 619)- Number of parking spaces: 46,248

(same period of the prior year: 45,423)- Occupancy rate: 41.7%

(same period of the prior year: 41.1%)

(4) Dividends

■Breakdown- Main factors for increase/decrease

- Income gains: ¥0.7 billion (Increase/decrease from the same period of the previous year: +/- ¥0 billion)

- Capital gains: ―(Increase/decrease from the same period of the previous year: -¥0.3 billion)


12

ＭＥＭＯ


2. Group RestructuringExecute group restructuring, including converting

Tokyo Tatemono Real Estate Sales into a wholly-owned subsidiaryTokyo Tatemono

Real Estate Sales made a wholly-owned

subsidiary

Integrate leisure companies

■ResidenceStrengthen service by integrating development, sales, and management■Senior housing & servicesStrengthen operations by integrating service functions■Real estate solution servicesStrengthen non-real estate asset business by integrating CRE strategy support functions

■LeisureStrengthen operations by integrating leisure companies (J-Golf, Hotness, and Kokochiyu)

(Pre-reorganization structure) (Post-reorganization structure)

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Tokyo Tatemono Real Estate Sales

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Tokyo Tatemono Amenity Support

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Management of spa

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75.79% ownership 100% ownership

100% ownership 100% ownership

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3. Segment changes

■Old segments (up to Dec. 31, 2014)

We made changes to our segments in line with our group reorganization

■New segments (from Jan. 1, 2015)

Residence

Brokerage business

Senior housing and services

Commercial properties

Residence

Commercial properties

Move the senior housing business from the Residence segment to the leisure & senior business in Other segmentParking lot

business

Leisure business

Other

Parking lot business

Leisure & Senior

Business

Other

Real estate solution services

business (brokerage)

Transfer the leasing management department at Tokyo Tatemono Real Estate Sales out of the Residence segment and into the real estate solution services business in Other segment

Tokyo Tatemono

Real Estate Sales

(leasing management department)


(leasing management department)

Senior housing

and services


4. Outlook for FY2015(1) Consolidated Statements of Income

Unit: Billion yen 2015 (forecast) 2014 Increase/Decrease

Revenue from operations 230.0 237.0 (7.0)

Commercial properties 86.0 109.2 (23.2)

Residential development 94.0 87.6 6.3

Other 50.0 40.0 9.9

Operating income 30.0 30.5 (0.5)

Commercial properties 25.5 29.4 (3.9)

Residencial Development 8.0 3.8 4.1

Other 3.0 5.1 (2.1)

Elimination/Corporate (6.5) (7.8) 1.3

Non-operating income 2.0 1.9 -

Non-operating expenses 14.0 15.1 (1.1)

Recurring income 18.0 17.3 0.6

Extraordinary income 0.0 142.4 (142.4)

Extraordinary loss 2.0 17.4 (15.4)

Income before tax 16.0 142.3 (126.3)

Net income 13.0 82.9 (69.9)

Interest bearing debt 760.0 748.2 11.7

(1) Revenue from operations■Main factors for increase/decrease

- Although condo sales are likely to increase, we forecast a decline in revenue, in part as we do not expect to see gain on property sales as we did in the previous year.

(2) Operating income■Main factors for increase/decrease

- We expect income to decline in part as we do not expect to see gain on property sales as we did in the previous year.

(3) Non-operating expense■Main factors for increase/decrease

- We anticipate a decline in interest payments, owing in part to the reorganization of SPCs.

(4) Extraordinary income■Main factors for increase/decrease

- We plan to see a decline due to the absence of gain on property sales, as posted in the prior year, and owing to negative goodwill.

(5) Extraordinary loss■Main factors for increase/decrease

- We plan to post extraordinary loss due in part to the reorganization of SPCs in the previous year.

(1)

(2)

(4)

(3)

(5)



Revenue fromoperations

86.0 109.2 (23.2)

Leasing of buildings, etc. 63.0 62.0 0.9

Sales of real estate 1.0 22.9 (21.9)Building management

service, etc. 22.0 24.1 (2.1)

Dividends - 0.1 (0.1)Operating income 25.5 29.4 (3.9)

4. Outlook for FY2015(2) Business Results by Segment (i) Commercial Properties

16

(1)

(1) Leasing of buildings, etc.■Breakdown of increase/decrease

New operation: +¥1.0 billionFull year's operation: +¥0.5 billionExisting: +¥0.7 billionSale/reconstruction: -¥1.2 billion

(2) Sales of real estate

■Main factors for increase/decrease

- Negative impact owing to sales of office buildings in the prior year

(3) Building management service, etc.

■Main factors for increase/decrease

- Negative impact owing to brokerage fees in previous year

■Tokyo Tatemono Nihonbashi BuildingScheduled for completion in February 2015

〇New and full year operations

- New operationsTokyo Tatemono Nihonbashi Building

(Scheduled for completion in February 2015)- Full-year operations

Shibuya SS Building (Acquired in May 2014)TG Building (Subleasing started in August 2014)

(2) (3)


1,271 1,143

1,902

1,376 1,500

15.9%17.8% 17.0% 17.2%

21.0%

2011 2012 2013 2014 2015

projection


Operating revenue 94.0 87.6 6.3

Sales of condominiums 76.5 61.6 14.8

Sales of residential houses 0.9 - 0.9

Sales of others 0.1 3.9 (3.8)

House leasing 3.5 6.2 (2.7)

Fee from sales contractservices 1.5 1.9 (0.4)

Residential managementservice, etc. 11.5 13.6 (2.1)

Dividends - 0.2 (0.2)Operating income 8.0 3.8 4.1

17

4. Outlook for FY2015(2) Business Results by Segment (ii) Residence

Breakdown of planned condominium sales by region (2015)

(1)

Condominium unit sales: Gross margin/number of units recorded

(1) Sales of condominiums■Business data- Number of units recorded as sold: 1,500 units

(Previous year: 1,376 units)- Condominium gross margin: 21.0%

(Previous year: 17.2%)*Among the estimated number of units recorded as sold (1,500 units), a contract is already executed for those equivalent to about 68% as of December 31, 2014.

(2) Sales of others■Main factors for increase/decrease- Negative impact from the sale of the share in condominium PJ in the previous

year(3) House leasing

■Main factors for increase/decrease- Transfer of senior housing business and Tokyo Tatemono Real Estate Sales

leasing management department (subleasing, etc.) to Other segment-¥2.2 billion

- Negative impact from sales of rental condos in previous year -¥0.5 billion(4) Residential management service, etc.

■Main factors for increase/decreaseTransfer of Tokyo Tatemono Real Estate Sales leasing management department to Other segment -¥1.5 billion

23 wards of Tokyo 60%

Outer area of Tokyo 4%

Other TokyoMetropolitan areas

18%

Other 18%

(2) (3)

(4)

*Light blue: Impact from segment changes



Revenue from operations 50.0 40.0 9.9

Real estate solution servicesbusiness (brokerage) 17.5 11.6 5.8

Parking lot business 14.0 13.0 0.9

Leisure & Senior business 16.5 13.5 2.9

Other 2.0 1.8 0.1Operating income 3.0 5.1 (2.1)

18

4. Outlook for FY2015(2) Business Results by Segment (iii) Other

(1)

(1) Real estate solution services business (brokerage)■Main factors for increase/decrease

- Transfer Tokyo Tatemono Real Estate Sales leasing management department out of Residence segment Approx. +¥3.5 billion

- Sales increase owing to real estate solution business Approx. +¥2.0 billion- Dividends ¥1.0 billion

(Increase/decrease from the same period of the previous year:+¥0.5 billion)

(2) Leisure & Senior business ■Main factors for increase/decrease

- Transfer senior housing out of residence segmentApprox. +¥1.5 billion

- Leisure business Approx. +¥1.0 billion

(3) Other■Main factors for increase/decrease

- Dividends ¥0.5 billion(Increase/decrease from the same period of the previous year:

+/- 0 billion)

(2)

(3)

■Grapes Felicity TotsukaCompleted Jan. 2015

■Grapes Kawasaki ShinmachiScheduled for completion in March 2015

■Totsuka-cho 361PJ (working name)Scheduled for completion in Nov. 2015

■Grapes Omori-nishiCompleted Dec. 2014

*1

*2

*1 Portion of dividend income transferred to real estate solution services business (brokerage)

*2 Dividend income not transferred to real estate solution services business (brokerage) and overseas business transferred to Other segment

*Light blue: Impact from segment changes


Launched senior housing business in 2009Develop Grapes Series as senior housing with support services

Expansion of senior housing business

東京建物シニアライフサポート(株)

Launch sales at newly established Tokyo Tatemono Senior Life Support Co., Ltd. in September 2014Develop and manage nursing care services (home care support and visiting nursing care) and senior housing

M&A deal to acquire SEIAIEN, which operates private nursing homes, in September 2014Develop and manage private nursing homes

(株)誠愛苑

■Entry into the nursing care services business

■Entry into the private nursing homes business

Location Property No. of residences

Completiondate

1 Asakusa, Taito-ku Grapes Asakusa 98 Dec. 2009

2 Fujimino, Saitama Grapes Fujimino 86 Oct. 2013

3 Omori, Ota-ku Grapes Omori-nishi 56 Dec. 2014

4Totsuka, Yokohama, Kanagawa

Grapes Felicity Totsuka 97 Jan. 2015

5 Kawasaki, Kanagawa

Grapes Kawasaki Shinmachi 69 (planned) Mar. 2015

(tentative)

6Totsuka,Yokohama, Kanagawa

Totsuka-cho 361 PJ (working name) 74 (planned) Nov. 2015

(tentative)

7 Fujisawa, Kanagawa

Grapes Tsujido Nishikaigan PJ (working name)

158(planned)

Jul. 2016(tentative)

Total 7 properties 638(planned)

■Development of residences for elderly people with service

■Operations of residences for elderly people with service

Location Property No. of residences

Completiondate

1 Karasuyama, Setagaya-ku

Kosha Heim Chitose Karasuyama 86 Apr. 2014

2 Nishi-arai,Adachi-ku

Grapes Garden Nishi-arai Daishi 62 Aug. 2014

3 Higashi Ikebukuro, Toshima-ku

Grapes J Higashi Ikebukuro 51 Dec. 2014

4 Inagi, Tokyo JKK Hirao Jyutaku (working name) 65 (planned) Mar. 2017

(tentative)

Total 4 properties 264

4. Outlook for FY2015(2) Business Results by Segment (iii) Other


9

1 2

3

46

5

15

16

14

JA Building / Keidanren-KaikanCompleted 2009

Many prime buildings completed around Tokyo Station. Going forward focus on actively promoting redevelopment and renovations

5. Reference Material (1) Map of Properties around Tokyo Station

1312

10

8

11

Urban redevelopment PJ of Yaesu 1-chome East AreaEstimated area roughly 10,000 m2

17Yaesu 1-chome North District Development Association

Completed by 2011 Completed in 2012-2014

Complete in/after 2015 Redevelopment area

Nihonbashi 1-chome 1 and 2 block development study group

1 Otemachi Financial City (North Tower)Completed 2012

The Otemachi TowerCompleted in 20143

Tokyo Tatemono Muromachi BuildingCompleted 1966

4

Nihonbashi TI BuildingCompleted 2012

Tokyo Tatemono Daisan Muromachi BuildingCompleted 1971

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Nihonbashi First BuildingCompleted 19947

Shin-Gofukubashi BuildingCompleted 1977

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Tokyo Tatemono Yaesu BuildingCompleted 2011

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NTA Nihonbashi BuildingCompleted 1991

Kyobashi 2-chome West District Redevelopment (working name)Scheduled for completion in 2016

Tokyo Square GardenCompleted 2013

Tokyo Tatemono Nihonbashi BuildingCompletion planned for 2015

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11Tokyo Tatemono Headquarter BuildingCompleted 1929

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Yaesu Meg BuildingCompleted 198613

Kyobashi YS BuildingCompleted 199014

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2

6

7

17

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5. Reference Material (2) Map of Condominiums under Development

Plans for large-scale condominium projects to be posted in and after 2015Ueno Ikenohata PJ (working name)36 floors above ground, total of around 360 condos (planned), record on books in 2019 and thereafter (tentative)

BAYZ TOWER & GARDEN31 floors above ground, total 550 condos, record on books in 2016

SKYZ TOWER & GARDEN44 floors above ground, total 1,110 condos, record on books in 2015

Brillia Ariake City Tower33 floors above ground, total 600 condos, record on books in 2015

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Brillia THE TOWER TOKYO YAESU AVENUE30 floors above ground, total of around 387 condos (planned), record on books in 2017

Brillia Tower Ikebukuro49 floors above ground, 322 condos for sales (out of total 432), record on books in 2015

Tomigaya PJ (working name)Total area roughly 2,800 m2

Brillia Towers Meguro38-40 floors above ground, 661 condos to be sold (out of a total 945), record on books in and after 2017 (planned)

Record on books in up to 2015 2016 onward (planned) Details for properties, including the years in which construction is to be completed, may change going forward.

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for FY2014 (Ended December 31, 2014)pdf.irpocket.com/C8804/QPg3/DJMZ/iJFP.pdf · Revenue and income...

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Transcript of for FY2014 (Ended December 31, 2014)pdf.irpocket.com/C8804/QPg3/DJMZ/iJFP.pdf · Revenue and income...