Earnings Results Briefing
for the Six Months Ended
September 30, 2012
November 5,2012

Contents

Summary for the Six Months Ended September 30, 2012 ・・・・・ 2P
Year Ending March 2013 Topics

・・・・・ 7P

Year Ending March 2013 Dividends/Capital Policy

・・・・・ 12P

Four Decades of Business
Established Takara Komuten Co.,Ltd.
(the present Takara Leben)
Launched sales of detached houses
Launched real estate leasing business

Established Takara Management Co.,Ltd. (the present Leben Community)
Launched real estate management business

Launched sales of condominiums "Leben Heim"

Changed company name to "Takara Leben Co.,Ltd."Made Marunouchi Servicer Co.,Ltd. its
subsidiary
Released new corporate logo

Launched detached housing business(buidt by Takara Leben)
Capital increase based on Japan’s firstrights offering
Joined an open house and began sales ofcustom-built houses
40th anniversary of the founding

Launched financial brokering business
Established Tafuko Co.,Ltd.
Listed on the second section of theTokyo Stock Exchange

Introduced New Condominium Brand

Introduced Corporate character

Establish Yokohama branch
Listed on the first section ofthe Tokyo Stock Exchange
Established Relivel Leben Co.,Ltd.(the present Live Net Home Co.,Ltd.)
Launched trustee division for real estate sales
Established AS Partners Co.,Ltd.
Launched nursing care businesses for seniors

Made Takara Housing Co.,Ltd.(the present Takara PropertyCo.,Ltd.) its subsidiary
Rental business management operations

1

Summaryfor the Six Months Ended September 30, 20122

Progress of delivery, contracts, purchases
Unit s for delivery, contracts （ new built-for-sale condominium）

Unit s for delivery

Unit s for contracts

917 unitsCompared with a full-year target of 1,630 units scheduled for delivery.

1,543 units（94.7％）

Progress of purchases(million ￥)30,000
25,000Real estate in process

22,86325,434

 Number of Units Completed of the new built-for-salecondominium : 791 units

20,00015,000(From April 1,2012 to September 30, 2012)

10,000 increase of the amount in Real estate in process( Increased 11.2％ compared with year ended March 2012)

5,000
0

Progress of purchases

Year ended
March 2012

Six Months Ended
September 30, 20123

Consolidated Income Statements（Unit Amount=Million yen ）YOYchange(%)

Six months ended
September 30, 2011

Six months endedSeptember 30, 2012

Net sales

16,23734,560112.8％

Operating profit

1,335

3,088

131.2％

Ordinary profit

910

2,827

210.4％Net income

712

2,054

188.2％

4

Segment Information 【 Breakdown of Real Estate Sales Business 】 (Reference)（Unit Amount=Million yen ）YOYchange(%)

Six months ended
September 30, 2011

Six months ended
September 30, 2012

Real estate sales
business

13,78531,788130.6％

Real estate rental
business

707

707

△0.0％

Real estate
managementbusiness

1,111

1,264

13.7％

Other businesses

63280026.5％

5Consolidated Balance Sheets
Year ended March2012

Six months ended
September 30, 2012

（Unit Amount

YOY change(%)=Million yen ）50,91952,600

3.3％

Cash and cash equivalents

17,394

20,451

17.6％

Inventories

30,29429,406△2.9％

Real estate held for sale

7,430

3,971

△46.6％

Real estate for sale underconstruction

22,86325,434

11.2％

Fixed assets

19,357

17,814△8.0％

Total assets

70,27770,415

0.2％

Current liabilities

37,37231,809△14.9％

Notes and accounts payable,
trade

10,165

10,2570.9％

Debts（short-term borrowings,
long-term debt within one year）

21,381

16,558△22.6％

11,765

16,05836.5％

10,77415,09940.1％

Total liabilities

49,13847,868△2.6％

Net assets

21,13822,546

6.7％

Capital

4,819

4,819

－Other shareholder equity

16,31817,727

8.6％

Total liabilities and net assets

70,27770,415

0.2％

Current assets

Fixed liabilities
Long-term borrowings

6

Year Ending March 2013 Topics

7

Topics for the Six Months Ended September 30, 2012
■ Development of New Medium-Term Business Plan

■ Promote solar-powered condominiums■ Introduced new condominium brand “ LEBEN ”■ Introduced new corporate character “ Lebe ”
8Promote solar-powered condominiums [1]
1st inJapan*

Unit-based Solar-powered Condominiums
with Individual Storage of Electric Power“Taiyo no Oka” Project＊Source: Real Estate Economic Institute Co., Ltd.

 A multifaceted plan to build a new town of 200 houses, comprising 2 newly built for sale condominium buildings withapproximately 160 units and approximately 40 new detached houses（※1st： LEBEN REVARE Yokohama Tsurugamine Hills 99units 2nd： LEBEN Yokohama Tsurugamine Terrace 59units）

 Equipped with Japan’s first individual power storage system• Allows both storage and sale of power• Power supply automatically switches to the storage battery during temporary blackouts• Solar power can be charged directly to the storage battery during blackouts

LEBEN REVARE Yokohama Tsurugamine Hills

LEBEN Yokohama Tsurugamine Terrace
9Promote solar-powered condominiums [2]
1st inSaitama!

Condominiums with
Twin Solar and Power Storage System

LEBEN HEIM Toda SorarieComplete in Novenber 2012 175 units

Solar-powered Condominiums with
Bulk electricity purchasing service

LEBEN CHIBA NEW TOWN CHUOComplete in May 2013 55 units
10Topics for the Year Ending March 2013
■ Establish Yokohama branch
Enhance land purchasing activity in Yokohama area

■ Restructure the detached house business
Create a team dedicated to land purchase activity, Enhance landpurchasing system for detached house■ Commencement of rental business management operations
Reorganization of Takara Housing (present Takara Property) as aconsolidated subsidiary■ Entry to mega-solar businessEntered into mega-solar business as part of social contribution
11

Year Ending March 2013
Dividends/Capital Policy

12Cash Dividends, Preferential treatment

1st half dividends

Year-end dividends

TotalYear ended
March 2012

４yen

９ yen

１３ yenYear ending
March 2013

５yen

１０ yen１５ yenForecast

gift certificates forpackages of rice

100 shares or more to lessthan 1,000 shares

1,000 shares or more

2ｋｇ（880Yen）

5ｋｇ（2,200Yen）

13

On acquisition of treasury stock■Type of shares acquired : Common stock of the Company■Total number of shares for acquisition : 1,650,000 shares (Upper limit)
Ratio to total number of outstanding shares (Excluding treasury stock)■Total acquisition value :■ Acquisition period :1,000,000,000 yen (Upper limit)

From May 15,2012 to March 31,2013■ Acquisition method : Open market repurchase on the Tokyo Stock Exchange■ Status of acquisition (Total number of shares acquired as at the end of October) ：763,000 shares ／ 486,959,100 yen14

Enquiries Relating to These Materials
Marketing Planning Office
Management Planning Section

E-mail：irinfo@leben.co.jp

These materials were prepared to provide information regarding business performance for the six months ended September 30, 2012 and do notconstitute a solicitation for investment in securities issued by Takara Leben Co., Ltd. These materials were prepared based on data
available as of September 30, 2012. These materials, as well as answers, projections, estimates, and other information provided in thesubsequent question and answer session are based on Takara Leben's best judgment as of the preparation of this material, and do notconstitute a guarantee or promise that anything contained within will be realized or achieved, nor do they provide any guarantees orpromises with regard to the accuracy or completeness of the information. The content of these materials is subject to change without prior notice.