Business overview: Real estate business

TOKYO GAS INTEGRATED REPORT 2020

SERVICE BUSINESSOutline

Over the course of 135 years in business, the Tokyo Gas
Group has acquired large-scale and medium-scale areas ofland with high asset value. Making the most of them, theGroup operates an office and residential real estate leasing
business mainly in city center areas with a basic concept ofsecuring stable revenues and improving asset value. It will
work on joint projects with business partners in an effort toexpand the regional development services business.
Net Sales

Segment profits

44.5 billion¥FY2019¥

9.6 billion

FY2019Net sales and segment profit(¥ billion)

Net sales (LH)

60

Segment profit (RH)(¥ billion)

20

45

1530

1015

50

Urban Development Service(Real Estate)

Office leasing business
msb Tamachi (musubu Tamachi)
We engage in the business of leasing highvalue-added office space, chiefly in city center
areas using large properties. At msb Tamachi ,we will introduce a smart energy networkand enhance its business continuity planning(BCP) functionality to contribute to thecreation of an advanced, appealing
community. Phase I of development (TamachiStation Tower S and Pullman Tokyo Tamachi)
was completed in May 2018, and Phase II(Tamachi Station Tower N) was completed infiscal 2020.

2018.32019.3

Chiyoda-ku

Ikebukuro (completion
scheduled in fiscal 2025)

Koto-kuChuo-ku
Shimbashi Station

Toshima-ku

Shiba

Minato-ku
TamachiToyosuMeguro-ku
Shinagawa-ku

Shinagawa
Station

JR Tamachi StationPullman Tokyo
Tamachi*1
Tamachi
StationPedestrian deck Tower N

msb Tamachi (musubu Tamachi)

2020.3

Tokyo Station

Toranomon

Nagisa Terrace

2017.3

Gofukubashi (completion
scheduled in fiscal 2030)Note: Phase I: Land leasing business, Phase II: Office leasing business(based on Tokyo Gas capital investment)0
2016.357*Tamachi
StationTower S

2Minato Park Shibaura

Shibaura
Nursery
SchoolAiiku
Hospital

Shibaura Park

Redevelopment area

msb Tamachi(musubu Tamachi)

Residential leasing businessWe are also engaged in proactive leasing
business operations on small to medium-sizedproperties (as of March 2020, 18 buildings with
640 residential units). In a bid to create goodquality assets that are well suited to leasing, wewill work on the development of our own land
and the acquisition of new properties from thereal estate market. In January 2021,
construction of a rental housing complex in
Itabashi-ku, Tokyo, named Itabashi Rental
Housing Complex, is scheduled for completion.

*1 Hotel*2 Commercial Building

Toyosu mixed land area property development
The Toyosu area is situated in aprime location, approximately
4km away from Tokyo Station.
With significant events such as
the opening of the new Toyosu
Fish Market in October 2018 andthe coming hosting of theOlympic and Paralympic Games
in 2021, the area is now
attracting even greater attention.
The Tokyo Gas Group aims tocreate a new mixed land area
development in Toyosu that will
include both residential andcommercial properties, in adevelopment area covering
approximately 20 ha.

Intended location of the Tokyo 2021
Olympics and Paralympics Athletes’ Village
Toyosu-ohashi Bridge

Harumi-ohashiBridge

Tokyo Gas
Group site

ToyosuMarketToyosuMarketFujimi Bridge
Ariake Tennis noMori Station

Shijoumae
StationToyosu Market

Shintoyosu Station

Toyosu Smart Energy Center
Ariake NorthBridge

Kiyari Bridge

Intended location of the Tokyo 2021
Olympics and Paralympics StadiumToyosu Station
Yurikamome