March 2023

TOP MESSAGE

The Tosei Group maintains its core realestate operations while pursuing unlimited
growth opportunities in new areas.

Working to create inspirational experiences forpeople who live and work in the city.
To draw out the maximum appeal of properties.
To create developments that match thecharacteristics of the area.

Under the corporate philosophy “To create new value and inspiration

And to build the city for the future.
Not simply demolishing and rebuilding,but building the city with all our heart.
These are the kinds of sentiments instilled in our
corporate philosophy. "Heart Into the City."
Tosei's promise is to create new value andinspiration in all aspects of real estate, and increase
the appeal of cities and other urban areas.

in all aspects of real estate,” the Tosei Group aims to contribute to society,achieve sustainable growth and increase corporate value by developing
real estate and restoring its value, with a view of 10 to 20 years in the future.
As the social environment is changing at a dizzying pace, and people’s
lifestyles and values are becoming more diverse, the role and valueof real estate are also changing. In this environment, the Tosei Group
continues to respond flexibly to these changes and create new value
in real estate by effectively leveraging the total capabilities of its six main
businesses. We aim to become an indispensable company to our stakeholders
by continuing to develop our operations with commitment and integrity.
We look forward to your further support and cooperation.

CO N T E N T S
President and CEO

1

02

TO P M E S SAG E

25

F U N D A N D CO N S U LTI N G

03

B U S I N E S S OV E RVI E W

27

H OTE L05

R E VITA LIZ ATI O N

31P RO P E R T Y M A N AG E M E NT

13

D E V E LO P M E NT

33

TOS E I G ro u p 's S u s t a i n a b ilit y23

R E NTA L

34

Co rp o rate Pro fi l e2BUSINESS OVERVIEWManaging Businesses Mainly in Tokyo

Comprehensive Real Estate Company
Which Provides 6 Businesses

Breakdown of inventories
Saitama prefecture

Others1%4%Chiba prefecture
1

8%

2

Kanagawa prefecture"Sale & Purchase business" which sells
and buys, buildings condominiums anddetached houses.

56%

Outskirt citiesof Tokyo

1

2

Revitalization
Business

Development
Business

19%*As of November 30, 2022

Both Revitalization and Development of Real Estate:
Tosei Offers a Strong Lineup

Hotel

The Tosei Group carries
out highly stableportfolio management.

3

23wards

13%

4

Condominium
OfficeFund and Consulting
Business

RentalBusiness

Rental Apartment

Logistics

3〜

6"Stable business" which
generates steady income.

The Tosei Group mainly focuses on Tokyo.
Since its founding, the Tosei Group has consistently invested in properties in the Tokyo
area. Through these investments, the Grouphas built an impressive track record in termsof both the size and use of the properties,
and has developed sophisticated capabilities
for understanding properties in Tokyo.

Detached House

Commercial Facility

5

6

The Tosei Group provides a wide range of products (offices, residences, commercial facilities, hotels, andlogistics facilities) and sizes in new construction development and revitalization of existing properties. In theDevelopment Business, we develop products that match the characteristics of the area and the trends ofthe times. In the Revitalization Business, we seek to revitalize real estate value by improving environmental
performance, design, convenience, and security.

Hotel
Business

Property Management
Business

AUM Balance Exceeded 2 Trillion Yen, One of the Highest in Japan*
2,500

billion yen

2,000

The Tosei Group carries out highly stable portfolio management by managing six main businesses, the Revitalization Business, the Development Business, the Rental Business, the Fund and Consulting Business,theHotel Business, and the Property Management Business.
While the Revitalization Business and the Development Business can expect high earnings from real estatetransactions, the Fund and Consulting Business, which has been growing remarkably in recent years, aswell as the Rental Business,the Hotel Business and the Property Management Business, can generate
stable earnings. The Group is building a business foundation that can respond flexibly to changes in market
conditions by leveraging synergies among its six businesses and complementing each other.
3

As an independent asset management company, we are increasingly
being entrusted by many foreign
billion yen investors and domestic institutional*As of December 31, 2022
investors, and our AUM balance is
growing rapidly.

billion yen

1,500

2,186

billion yen

1,000

billion yen

500billion yen

Nov.
2017

Nov.
2018

Nov.
2019

Nov.
2020

Nov.
2021

Nov.
2022

Dec.
2022

*As assets under management in the discretionary investment
management business under the Financial Instruments andExchange Act.

4

Value Up Style
Creating ideal value for customers

1

Tosei's Value-added service increases the appeal of diverse existing properties while maintaining andutilizing their individual character.
Tosei considers and chooses solutions from its lineup—based on the three primary components of"safety and security," "refinement and comfort" and "sustainability and environmental friendliness"—and provides ideal value for owners and tenants alike.

REVITALIZATIONBusiness

3 Codes for Value Improvement
SecurityIn the Revitalization Business, Tosei acquires properties whose asset value has declined,

DesignEco friendliness

Value improvement for crime

Value improvement for

Value improvement for energy

prevention, disaster readiness,

contributing to improvements

saving, conservation ofcommunity revitalization andin scenery, aesthetic,

resources and other services

conservation

amenities and convenience

for a sustainable society

improves their design,convenience and security, and introduces environment-friendly
features, based on "value-up plans" that reflect local characteristics and tenant needs.

Case Study

Tosei Corporation and Tosei Logistics Management Co.,Ltd. also acquire properties
through mergers and acquisitions.

Revitalization Business

Good Judgement

Renovation

Sales Strength

Expertise for selecting
properties in the Greater Tokyo
Area, accumulated since ourfounding

Adding value to existing
properties

Information network supporting
all aspects of operations fromacquisition to sale・Comprehensive judgements
based on attributes such as
location, scale, age, facilities andstructural design
・Extensive property database・Precise remodeling plans that
increase the competitiveness ofproperties
・Flexible product planning withconsideration for improving design
aspects, environment and comfort

・Working to build relationships
with real estate agents andacquire good quality information
in a timely manner

After

After
Re-purposing to SOHO

Renovation ofcommon space
Entrance

BeforeRecovering functionality, increasing
asset value and improving tenantsatisfaction through renovation
External appearance, entrance renovation(entrances, elevator halls, planting, etc.)
internal and facilities renovation(introduction of disaster readiness,
energy saving and security facilities)

5

Transformation of theformer building owner's
residential floor to SOHO
office specifications (small
office / home office)BeforeIncreasing earning power ofrental properties

Responding to therequirements of buyers

Transformation for small-scale use(renovating the former building owner's
residential space
to office specifications, etc.)

Transformation toinvestment grade properties(restoration of legal compliance)(removal of illegal buildings,
securing escape routes,
corrective work for outside the use
and oversized buildings,
asbestos removal, etc.)

Tenant leasing(improving profitability
by improving occupancy / operation rate)

6

REVITALIZATION WORKS

Entrance
The entrance design was
renewed to give the officearea a fresh face. A brightand spacious meeting /negotiating space andwaiting area were also added
as new additions.

Refresh room
The interior design, lighting,sofas and tables were all
renewed and replaced.
Massage chairs that users canenjoy for free were also
introduced, complete withpartitions for privacy.

Tama Center Tosei Building

A large-scale office building with a premise covering an area
in excess of 5,750㎡. Users can make use of three train lines,

Officewith good access from the station. The building offers a widearray of office sizes ranging from 33㎡ to 1,322㎡, enabling
use by a diverse range of tenants. In terms of value-up
improvements, Tosei remodeled the entrance and the refresh
room—among other areas—to create a more worker-friendly
environment.

7

8

T's garden Nishiterao

This rental apartment consists of 87 units in 5 buildings, located a
15-minute walk from Namamugi Station on the Keikyu Main Line.

Rental apartment

T-Rhythmic Soka
Rental apartment

We acquired the property, which had been used as company

After acquiring this building—which a company had previously usedhousing but had become vacant, and revitalized it into rental

as company housing for employees—in completely vacant state,apartments targeting families with children, while maintaining

Tosei increased its value as a rental apartment by applying

the spacious layout of approximately 90 square meters and 3

soundproofing and remodeling it based on the concept of

bedrooms in each unit. In the value-up program, we set theapartments for music lovers. In addition to soundproofing, thethemes of "green preservation," "disaster prevention and crimecompany housing spec cafeteria was remodeled into a party room.

prevention," and "energy and resource conservation" and aim to

It was transformed into a space that maintains privacy while at thecontribute to the "SDGs (Sustainable Development Goals)" bysame time enabling interaction between fellow residents.

adopting facilities and specifications in line with each theme.

Soundproof work
The materials of the floor, walls andceilings were replaced, anddouble-glazed windows and window
frames were installed to increasesoundproofing effectiveness.
9

Recycled wood
louverBench having oven function

Emergency
Power Box

Pet friendly room with catwalk10

Tosei Hotel & Seminar
Makuhari

Located just a 2-minute walk from Shin Narashino Station on the JR

Hotelproject, after the property was purchased, Tosei Hotel Management

Keiyo Line, this hotel offers accommodation appropriate for corporate
training seminars, and training camps for organizations. For thisinherited the hotel operation business, and the hotel was reopened

Grosvenor Square
Combined commercial facility

11This commercial facility is located in the Honmoku area ofafter renovation of the guest rooms, conference rooms, restaurantsNaka-ku, Yokohama, which is popular for its well-developedand entrance. In addition to corporate training and group travel,

streetscape and convenient buses. The formal-looking external

Tosei's value up efforts in terms of both hard and soft aspects haveappearance is reminiscent of a British luxury hotel, setting it

enabled the hotel to be used for a wide range of situations, including

apart from other commercial facilities and condominiums in its

events and dinner parties using the hotel's banquet halls. The

vicinity and giving it a conspicuous presence. The mixture ofproperty received the Excellent Business Award at the 11th Excellent

stores and offices, SOHO office space and combined residences

Business Awards sponsored by the Japan National Housing Industry

helps to create a dynamic commercial space.

Association.

Underground plaza

Restaurant

By laying wood decks in place ofthe dilapidated flooring in thecommon-use plaza, Tosei created amulti-purpose space thatincorporates cafe space, and can beused for all manner of events.

The restaurant was transformed
into a space where guests can enjoy
dining in comfort, with attention todetail including warm-feeling woodgrain floors and furniture.
12Line Up

2
Commercial
facility

OfficeDEVELOPMENT
Business

Toranomon Tosei Building
Tosei's office buildings are planned and developed withconcepts that cater to local characteristics and makemaximum effective use of the advantages of good
locations. In addition to creating stylishly-designed
exteriors and highly functional workspaces, we develop
environmentally symbiotic office buildings that reduce
environmental impact.

T’S BRIGHTIA Minami Aoyama
Tosei's T'S BRIGHTIA commercial facility brand delivers
highly original commercial spaces in good locations inclose proximity to stations around the circumference ofthe 23 wards of Tokyo, attracting quality tenants basedon the concept of "creating spaces where the hearts ofvisitors shine radiantly, while valuing the uniqueness ofeach urban area."In the Development Business, Tosei examines the characteristics of acquired land and determines
the use that will maximize its value, choosing from a diverse product lineup that includes officebuildings, commercial facilities, condominiums, detached houses and hotels. We then develop andsell the properties. Tosei has its own first-class architectural office to ensure craftsmanship andquality. In recent years, we have also focused on developing eco-friendly properties.
Tosei engages in real estate development with consideration for the environment and society.

Development Business

Creating new value

Diverse market strategies

Diverse development menu to match area
characteristics and needs

Market strategies that cater to all mannerfor sale and rental demand

・Product planning that helps to maximize thevalue of locations
・Original development plans that differ for eachbuilding
・Concept design with a view to the future, butalso focusing on the history of the local area

・Tosei caters to all manner of buyer
demographics, from individual unit buyers tosale of whole buildings to companies and realestate funds
・We constantly pursue design and planning tomatch the changing of the times

Detachedhouse

Condominium

With its THE PALMS series of condominiums, mainly inTokyo, Tosei offers a diverse range plans such as familyt y p e a n d D I N K S , i n p u r s u it of s p a ce d e sig n a n dplanning that puts the lifestyles of residents first, basedon the characteristics and needs ofthe local area. We also endeavor toplan products that give consideration
to the environment and society, andprovide new added value to urban
developments.

Hotel

Tosei's THE PALMS COURT series of detached housing
offers diverse product plans ranging from small tolarge-scale urban development to match local area
characteristics and needs. We plan each individual
residence in detail, and strive to pay
care and consideration to theenvironment and society, as well as
comfort for residents.

Logistics

TOSEI HOTEL COCONE Kanda
Tosei's COCONE hotel brand delivers accommodation
facilities and services that meet diverse needs ranging
from business to tourism , focused around highly
convenient locations in urban centers.

13

Palms Court Mitaka Adagio

THE Palms Yutenji Masterplace

T’s Logi Hashimoto
Tosei develops its T’s Logi logistics at highly convenient
locations that serve as hubs for wide-area delivery in the
Greater Tokyo Area. We cater to the needs of tenantswith flexible product planning capabilities.

14

DEVELOPMENT WORKS

Kamata Tosei Building
OfficeLocated a 3-minute walk from Kamata Stationon the Keihin-Tohoku Line, the Kamata Tosei
Building is a large scale environmentally friendly
offi ce b uildin g th at p ays co n sid e ratio n toenergy saving. Located in a highly prosperous
area that also offers abundant greenery, thisproperty obtained an "A" rank in the CASBEE
Certification for Buildings* in recognition of its
harmony with the surrounding environment andcityscape, its adoption of equipment with highly
energy-efficient specifications, and its spacious
workspace.
*CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is amethod for comprehensively evaluating and rating the environmental performance ofbuildings. Screenings are conducted by a third-party organization to certify buildingsthat meet the required standards.

Toranomon Tosei Building
OfficeThe office building is conveniently located a2-minute walk from Kamiyacho Station on the

Heiwajima Tosei Building
Office15

Heiwajima Tosei Building is an environmentally symbiotic

Hibiya Line. The facade is equipped with glasslarge-scale office building with consideration for energy

curtain walls and a system that adjusts thesaving, located a 9-minute walk from Heiwajima Station onbrightness of the rooms by allowing in sufficient

the Keikyu Line. Taking advantage of its close proximity to anatural light. The building also received an "A" rank

natural park, we created a workspace that encourages contact

in the Certification for CASBEE for Real Estate* forwith nature. The building obtained an "A" rank in the CASBEE

its adoption use of environmentally and socially

Certification for Buildings* in recognition of comprehensive

conscious specifications, including a garden on theenvironmentally conscious efforts, including rooftop greeneryrooftop to improve greenery coverage and tenant

and the introduction of highly energy-efficient equipment.

communication.

*CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a method forcomprehensively evaluating and rating the environmental performance of buildings. Screenings are
conducted by a third-party organization to certify buildings that meet the required standards.

*A system that comprehensively evaluates the environmental performance ofbuildings, covering real estate for which a period of one year or more has passed
since completion.

16

A large-scale condominium complex (243 units) locateda 5 -minute walk from Sagamihara Station on the J R
Yokohama Line. A fresh food supermarket located on the

THE Palms
Sagamihara Park Brightia

premises enables residents to shop conveniently at any
time. The theme of the exterior design is "Green chain:connecting people, city and homes with greenery." The

Condominium

entrance has an open-feeling atrium, which harmonizes
beautif ully with the greener y of the scener y visible

17

TʼS BRIGHTIA
Minami Aoyama

This commercial facility is located around a 3-minute walkfrom the large windows. The

from Tok yo Metro Omotesando Station . Large glass

proper ty received thewindows were placed on the brightly colored façade to

Excellent Business Award at

Commercial Facility

create an open space that draw in people passing throughthe 11th Excellent Businessthe area. The property received the Excellent BusinessAwards sponsored by theAward at the 7th Excellent Business Awards sponsored by

J a p a n N a ti o n a l H o u s i n g

the Japan National Housing Industry Association.

Industry Association.
18

THE Palms
Chofu Manor Garden
Condominium

A large-scale condominium (162 units)
located a 9-minute walk from Nishi-Chofu
Station on the Keio Line. All buildings
are arranged facing southeast andsouthwest, utilizing the vast premises
which cover an area of around 5,700㎡. A
diverse variety of plants contrast wellwith the calm earth tone of the exterior.
We h ave a l s o c re ate d fo u r s h a re dfacilities with different concepts tocreate a living environment that further
enriches the lives of families and otherresidents.

THE Palms
Yutenji Masterplace
Condominium

This condominium is located in an area

This large-scale detached houses project (95 houses inthat neighbors Setagaya Park, which is

total) is situated a 8-minute walk from Hatsuishi Station on

filled with greenery and exudes a stylish
atmosphere. The concept is "a beautiful
garden residence" that offers relaxation.
Residents can enjoy the seasonal changes of
the wide variety of plants on the premises,

19

THE Palms Court
Kashiwa Hatsuishi
Detached house

the Tobu Noda Line, which offers smooth access to thecenter of Tokyo (a journey time of 33 minutes to Otemachi).
Regarding the road which connects the houses together tocreate the overall community as an important element ofth e d eve lopm e nt, Tosei esta blish e d th e con ce pt ofwhile the beige and brown-based exterior"communication born out of a road." The buildings are

creates an elegant appearance. It offers

placed carefully along the cur ved roads to create astylish, high-quality living for residents.

beautiful townscape.
20THE Palms Court Kamakura Shiromeguri is a large-scale detachedhouses project (86 houses in total) located a 5-minute bus ride away fromTHE Palms Court
Kamakura Shiromeguri
Detached house

Ofuna Station on the JR Tokaido and Yokosuka lines, offering smooth
access to both Yokohama and central Tokyo. This detached house

21

Logistics

Energy Saving Performance Indication System (BELS). In addition, the property

the Metropolitan Inter-City Expressway. By installing energy-efficient LED lighting,the property has obtained a 5-star rating, the highest rank under the Buildingreceived a "Green1" rating, the highest green loan rating, from Japan Credit Rating

enable residents to fully enjoy the resort-like natural environment andAgency, Ltd. when it took out this loan, in recognition of its high environmental

realize a diverse range of lifestyles.

improvement effects.

Line, the 26 detached houses are located in a quiet and tranquil Category

Detached house

This logistics facility is located approximately 3.2 km from the Ome Interchange on

community area offers an extensive range of attractive plan variations that

A 14-minute walk on flat roads from Hachimanyama Station on the Keio

THE Palms Court
Setagaya Hachimanyama

T’s Logi
Ome

1 low-rise exclusive residential district. Close to the Takaido Interchange on
the Tokyo Expressway, the location is convenient for weekend leisure

T’s Logi
Hashimoto

This logistics facility is located approximately 4.5km from Sagamihara IC

Logistics

highly convenient transportation access as a wide-area delivery base. It is well(interchange) on the Ken-O Expressway (Metropolitan Inter-City Expressway), anda 22-minute walk from Hashimoto Station on the Keio Sagamihara Line. It offers

activities and driving. The exterior is accented with wood and stonelike

located for short-distance deliveries to urban areas such as Sagamihara City, andtiles based on the design concept of "creating a town while also creatinghas succeeded in attracting tenants at an early stage.

individuality."
22

Breakdown of Properties
Tosei owns a diverse range of real estate properties. For this reason, we have been able to accumulate
leasing expertise suited to each property type, including offices, commercial facilities, apartments,and logistics facilities.

3

Others1%

RENTAL
Business

Breakdown ofProperties
Apartment

Office・Commercial Facility

63%

36%
*As of November 30, 2022

The Rental Business provides a stable income stream through leasing of office buildings,
apartments, commercial facilities, car parks and other Group-owned properties, in thegreater Tokyo area. We maintain and improve the value of these properties through our

From completely vacant rental apartment
to full occupancy

comprehensive operations that make full use of the Group's unique expertise.

Rental Business

Kids room

Leasing

Tenant management

Contribute to improving
profitability to sale

Capabilities to handle a wide range ofproperties, backed by a solid track record

・Attract tenants based on the surrounding
market and local area characteristics
・Cater to high-level projects raising occupancy
of completely vacant properties to full capacity.

Party room

・Extensive knowledge and expertise with all
kinds of property types, from offices toapartments and logistics facilities
・Respond to tenant needs with finely tuned
relationships
Study room
T's Garden Kitakashiwa is a rental apartment. After the acquisition of the former corporate housing complex—comprised ofthree buildings with a total of 149 residential units—Tosei revitalized the property as a rental apartment and increased theproperty's earning power by renovating facilities and a portion of the private areas from the perspective of encouraging
leasing. We created new common spaces including a children's room, a party room and a study room to increase the appealof the apartment complex as a large-scale community, and provided a range of services that residents can make free use of.
These added value features also contributed to leasing, and the property was sold as an almost fully occupied profitableapartment. This project was successful due to the combination of Tosei's property revitalization knowledge and leasing
capabilities.

23

24

Assets under Management
2,500 billion yen

42,186 billion yen

2,000 billion yen

FUND AND CONSULTING
Business

Tosei's Fund and Consulting Business
manages a total balance of 2,186 billion
yen in assets entrusted to it by various
funds and REITs (real estate investment
trusts).

1,500 billion yen

1,000 billion yen*As of December 31, 2022

500 billion yen

In our Fund and Consulting Business, Tosei Asset Advisors, Inc. provides asset management

Nov.
2017

services for real estate funds and manages the assets of Tosei Reit Investment Corporation.

Nov.
2018

Nov.
2019

Nov.
2020

Nov.
2021

Nov.
2022

Dec.
2022

The business has been growing remarkably in recent years, as it is engaged in the purchase andAssets under managementby asset typesale of real estate that meets the needs of investors and the improvement of rental occupancy
rates. We will also contribute to business synergies by quickly identifying changes in demand in
the real estate investment market and utilizing our network in the Fund and Consulting Businessfor the real estate trading in the Revitalization and the Development business.

Fund and Consulting BusinessBusiness Advantages

Business Expansion

・Create and deliver the maximum value of theproperties under management
・Establish the optimal fund structure inconsideration of the customer requirements
・Leverage on the extensive industry network in
Tokyo and its surrounding area

・Assets under management increased withconfidence of investors in Japan and overseas
・Tosei Reit Investment Corporation listed shareson the Tokyo Stock Exchange
・Promoted real estate crowdfunding and otherreal estate DX initiatives

HotelsData centers
Commercial
Facilities

3.6%

2%

1%

Others

3.4%

Greater Nagoya

3.7%Greater Fukuoka

OthersAssets under management
by Customer type
Domestic fund

1.3%

0.9%

4.3%

3.7%

9.9%
Residential
properties

39.5%

REIT

3.6%

Greater
Osaka

Logistics

Offices

Assets under management
by region

46.8%

Greater
Tokyo

10.8%

Domestic
Corporation
Tokyo 23
Wards

25.7%

Foreign
fund

69.7%

70%

*As of November 30, 2022
*Breakdown of assets under management by Tosei Asset Advisors

Tosei Reit Investment Corporation’s assets are managed
by Tosei Asset Advisors, Inc.

Office25

Commercial facility

Apartment

26

5

TOSEI HOTEL COCONE was created as an urban hotel catering to a variety of needs, from business tosightseeing, from single guests to families and groups of female travelers, based around the conceptof "an inn where the sound of the heart echoes." The brand name COCONE—derived from the Japanese phrase "Kokoro no Oto" (meaning "Tone or Sound of the Heart")—is instilled with the desire toprovide a place that enables guests to relax their hearts to "play" at their very best tone, like thestrings of a musical instrument. We create hotel spaces with stylish designs that also enable guests toappreciate a traditional Japanese aesthetic.

HOTEL
BusinessTOKYO

COCONE Asakusa

Asakusa Sta.

COCONE Ueno

TOSEI HOTEL COCONE
Ueno

Tosei will move forward proactively with the development of TOSEI HOTEL COCONE, its

Shinjuku Sta.

COCONE Kanda

own hotel brand in the Greater Tokyo Area, and with the conversion of used office buildings

COCONE
Asakusakuramae

Tokyo Sta.

COCONE
Ueno Okachimachi

Shibuya Sta.

COCONE Tsukiji*

into hotels. For hotel development and revitalization, we offer optimal hotel plans to match

Scheduled to open in Sep.
Shinagawa Sta.

local area characteristics and demand in coordination with the Revitalization and the

JR Yamanote

Development Businesses. Management and operation of hotels are carried out by Tosei HotelManagement Co., Ltd. and Tosei Hotel Service Co., Ltd.

TOSEI HOTEL COCONE
AsakusaTOSEI HOTEL COCONE
Kanda

Tokyo Metro Ginza

KANAGAWATOSEI HOTEL COCONE
Asakusakuramae

Kamakura
Sta.

Hotel Business
COCONE Kamakura
JR Shōnan-Shinjuku

27

Good location

Diverse needs

Hospitality

Presence in highly convenientareas, primarily in the Greater
Tokyo Area

Cater to a diverse range ofneeds, from business to tourism
and training

High-quality service focused on
comfort for guests and othercustomers

・Within a 5-minute walk from thenearest train station or tourist
spots
・Convenient location for business・Diverse business use including
business trips and training
・Cater to tourism needs from both
Japanese and international
travelers・Diverse accommodation planstailored to suit purpose of use

・Diverse guest room types thatallow guests to feel andappreciate Japan's four seasons
・Full range of facilities including
conference rooms, terraces andlarge public bathing facilities
・Breakfast and drink service

TOSEI HOTEL COCONE
KamakuraTOSEI HOTEL COCONE
Tsukij*TOSEI HOTEL COCONE
Ueno Okachimachi*Name is subject to change.

Tosei Hotel & Seminar Makuhari
Tosei Hotel & Seminar Makuhari is a hotel /accommodation facility that is also suitablefor purposes such as corporate overnighttraining, group training camps, families,
and group travel. It features conference
rooms and open lounges that can be utilized for a wide range of purposes, andrestaurants which can also be used as banquet halls.
28

HOTEL WORKSTOSEI HOTEL COCONE
Asakusa Kuramae
TOSEI HOTEL COCONE Asakusa Kuramae issituated in an ideal location for both sightseeing and business, a 1-minute walk from Kuramae Station on the Toei Oedo Line. The front
reception floor that welcomes guests into thehotel is equipped with a tearoom where guests
can enjoy the traditional Japanese atmosphere,
while the guest rooms offer relaxing spaces
with calm Japanese-modern interior decor.

29

TOSEI HOTEL COCONE Kamakura
A 4-minute walk from the west exit of Kamakura Station on the JR Yokosuka Line, thehotel offers easy access to tourist spots suchas Tsuruoka Hachiman Shrine and Komachi
Street. The hotel is also equipped with largebathrooms for the first time in the COCONE
series, and will provide guests with a moment
to relax after a tiring trip.

TOSEI HOTEL COCONE
Ueno Okachimachi

Tosei Hotel & Seminar Makuhari

TOSEI HOTEL COCONE Ueno Okachimachi islocated within convenient access of five stations and six train routes, including JR Okachimachi Station, all within a 5-minute walking
distance. The Japanese-style spaces were
designed with fine attention to detail, offering guests exceptional comfort and extraordinary relaxation.

A multi-functional hotel located a 2-minute
walk from Shin-Narashino Station on the JR
Keiyo Line. The entire hotel building was remodeled with a large-scale renewal of its
restaurants, conference rooms, and communal bathing areas through Tosei's process ofrenovation to renew its outdated seminar andaccommodation facilities.

30

Total Property Management Services

6
PROPERTY MANAGEMENTBusiness

Property Management

Building Management

Maximizing the value of buildings byutilizing expertise developed through awide range of business operations

Protecting building asset value throughfive management services

Tosei Community solves issues and problems facedby customers and maximizes the value of buildings
under its management by per forming tenant
management / leasing that makes full and effective
use of expertise and specialist knowledge developed
through a wide range of operations.

Tosei Community maintains the value of building assets
by providing refined and finely tuned management
ser vices ranging from building maintenance,
equipment / facilities management and water supply
and drainage hygiene management to cleaning
management and securit y management, andimplementing appropriate maintenance plans tocombat age-related deterioration of buildings.

RenewalFacility Management

Provision of integrated services to increase
the commercial value of offices andapartments

Aiming for integrated "maintenance andprevention" style management, creating
together with customers

We not only respond to customer requests, but also
propose plans that go beyond to increase thecommercial value of offices and apartments. We also
bring added value by providing consistent services,from post-construction operation to maintenance.

Tosei Community offers comprehensive managementof large-scale facilities and buildings such as
hotels, schools and commercial facilities. We build
comprehensive "maintenance and prevention
type" management frameworks while responding
to customer requests to achieve total facility
solutions management, based on our track recordand positive recognition in that field.

Operated by Tosei Community Co., Ltd., the Property Management Business offers
comprehensive property management services including building management, security
services, renovation and tenant leasing operations. Tosei engages in property managementof both assets owned by Tosei Group and those owned by outside owners, providing
services that contribute to maximizing cashflows and increasing asset value.

Property Management Business

Diverse management assets

OfficeCommercial facility
Hotel
Logistics facility

Condominiums

315

properties

Tosei Community Co., Ltd. engages in comprehensive property
management under its corporate slogan of being a company thatmake people and buildings healthier. The number of buildings now
under management has grown to around 790, expanding fromcondominiums / apartment buildings to offices, commercial facilities,
hotels, logistics facilities and school facilities.

Office31

Condominium

Commercial facility

The number ofbuildings undermanagement

478*As of November 30, 2022

Hotel

Continuing to be a reliable presence throughout the lives ofresidents and their condominiums

properties

Condominiums
Management

The value demanded of condominiums varies according to the needs ofresidents. We operate optimal condominium management services byconstantly providing a diverse range of services that match the uniquecharacter of individual residents.

Logistics facility
32

TOSEI’s Sustainability

Corporate Profile

Creating a Sustainable Society
The Tosei Group has a mission of creating new value and inspiration in all aspects of real estate
as a global-minded group of seasoned professionals. It regards its commitment to the Environment, Social and Governance as a priority management challenge. It will seriously address thesocial issues associated with real estate to contribute to society and achieve its own continuous
growth.

E

Environment
・Response to climate change
・Promotion of energy and resource
conservation
・Revitalization of existing real estate・Promotion of greening
・Compliance with environmental laws
and regulations

S
Social・Respect for the human rights of
employees
・Creation of a comfortable work
environment
・Diversity-conscious development
・Promotion of social contribution
activities

G

Corporate Data

： Tamachi Tosei Bldg., 4-5-4 Shibaura, Minato-ku, Tokyo

Stock Listings： Tokyo Stock Exchange Prime Market (Ticker code:8923)： Singapore Exchange, Main Board (Ticker code:S2D)

Capital： 6,624,890 thousand yen

Revenue： 70,953 million yen

Operating Profit ： 13,514 million yen

Governance・Enhancement of corporate governance・Thorough compliance training
・Whistle-blowing system
・Timely and appropriate disclosure

Address

Employees

Main Group
Companies： 663 (Consolidated) 244 (Non-Consolidated)

Tosei Asset Advisors, Inc.

Tosei Hotel Management Co., Ltd.

Tosei Community Co., Ltd.

Tosei Hotel Service Co., Ltd.

Tosei Logistics Management Co.,Ltd.

Tosei Singapore Pte. Ltd.

Fields of business: Investment managementbusiness

Fields of business: Property managementbusiness

Fields of business: Logistics consulting businessHistory

Case Studies(Figures are as of November 30, 2022)

Fields of business: Hotel business planning,
operation, and management

Fields of business: Hotel and restaurant business
management and operation

Fields of business: Consultancy services relating
to real estate

1950

●

Established as Yukari Kogyo Co., Ltd.

1994

●

Seiichiro Yamaguchi appointed as President and CEO

1996

●

Company name changed to Tosei Fudosan Co., Ltd.

2004

●

Listed on JASDAQ Securities Exchange

2005

●

Established the subsidiary Tosei Revival Investment Co., Ltd.
(Current name:Tosei Logistics Management Co.,Ltd.) to conduct
corporate and business turnarounds
Made Tosei Community Co., Ltd. a consolidated subsidiary
Established the subsidiary Tosei REIT Advisors, Inc.
(Current name: Tosei Asset Advisors, Inc.)

We promote the introduction ofequipment and specifications withhigh energy-saving and heat insulation
performance in the Development andthe Revitalization Business.

We are working to improve thelandscape and biodiversity of ourcondominiums and detached houses
by enhancing the planting plan.

Disaster prevention equipment has
been installed in common areas ofdeveloped or revitalized officebuildings and residences to enhance
resilience in the event of a disaster.
To promote soundbusiness activities
and achievesustainable growth,
we are working toenhancegovernance.

2006

●

Company name changed to Tosei Corporation
Listed on Second Section of Tokyo Stock Exchange

2011

●

Listed on First Section of Tokyo Stock Exchange

2012

●

Established the subsidiary Tosei Singapore Pte. Ltd.

2013

●

Listed on Main Board of Singapore Exchange

2014

●

Tosei Reit Investment Corporation, which contracts out the management of
its assets to Tosei Asset Advisors, Inc., a consolidated subsidiary of Tosei
Corporation, listed shares on Tokyo Stock Exchange

We are engaged in social contribution
activities such as volunteer activities toclean up a seaside area and support
for children's homes.

We are working to provide community
spaces in our condominiums andrental apartments to create acomfortable environment for residents
and visitors.

We are actively obtaining
third-party
evaluations,including
environmental
performancecertifications.

➡ Please visit our corporate site
for the latest ESG information.

33

2016

●

Established the subsidiary Tosei Hotel Management Co., Ltd.

2018

●

Established the subsidiary Tosei Hotel Service Co., Ltd.

2021

●

Princess Group has become Group companies
through a merger and acquisition

2022

●

Due to the revision of the market classificationof the Tokyo Stock Exchange, the Company moved
from the First Section to the Prime Market➡ Please visit our corporate site
for the latest corporate profile data.

34