THE JAPANESE GOVERNMENT ASSETSYSTEM AND CURRENT CONDITIONS
日本の国有財産制度と現状

April 2024
令和6年4月Government Asset Information OfficeFinancial Bureau, Ministry of Finance
財務省理財局国有財産情報室

CONTENTS
目
I.

次Government Asset System .........................................................................

5(国有財産の制度)
1. Scope of Government Assets ...................................................................

5(国有財産とは)
2. Classification and Type of Government Assets .............................................

5(国有財産の分類及び種類)
3. Management and Disposal of Government Assets .........................................

6(国有財産の管理及び処分)

II.

Current Value of Government Assets ..........................................................

10(国有財産の現在額)
1. Total Value of Government Assets ............................................................

10(国有財産の総額)
2. Current Value by Category ....................................................................

10(区分別現在額)
3. Current Value by Account, Classification and Type ......................................

13(会計別・分類別・種類別現在額)
4. Current Value by Jurisdiction .................................................................

14(所管別現在額)III.

Changes in the Value of Government Assets.................................................

15(国有財産の増減額)
1. Total Changes in the Value .....................................................................

15(増減の総額)
2. Changes by Category ............................................................................
(区分別増減額)

115

3. Changes by Account .............................................................................

15(会計別増減額)
4. Changes by Classification and Type ..........................................................

15(分類別・種類別増減額)
5. Changes by Jurisdiction ........................................................................

15(所管別増減額)
6. Changes by Cause ......................................................... ......................

16(事由別増減額)
7. Price Revision in the Government Asset Register ..........................................

20(国有財産の台帳価格改定)
8. Trend in the Value of Government Assets ...................................................

20(国有財産の推移)

IV. Key Points Concerning Government Buildings .............................................

21(国の庁舎等の概況)
1. Key Points Concerning Government Buildings ............................................

21(国の庁舎等の概要)
2. Specified Government Asset Consolidation Plan ...........................................

22（特定国有財産整備計画)

V. Outline of Housing for National Government Employees ..................................

23(国家公務員宿舎の概況)

VI. Current Conditions of Non-Administrative Assets Belonging to the General
Account under the Jurisdiction of the Ministry of Finance ................................

24(財務省所管一般会計所属普通財産の現状)
1. Current Value ....................................................................................
(現在額)

2

24

2. Changes in the Value in FY2022 ..............................................................

24(令和4年度中の増減)
3. Current Conditions of Management and Disposal .........................................

25(管理及び処分の状況)
4. Trend of the Value of Non-Administrative Assets (Land) ................................

27(普通財産（土地）の推移)
5. Trend of Government Asset-Related Revenues (Local Finance Bureau) ..............

27(国有財産関係歳入(財務局分)の推移)

VII.

Councils on Government Assets ...............................................................

28(国有財産に関する審議会)

VIII.

Inspection of Government Assets ............................................................

29(国有財産の監査)
1. Outline .............................................................................................

29(監査の概要)
2. Inspection ..........................................................................................

29(監査事務)IX. Provision of Information on Government Assets............................................

32(国有財産に関する情報提供)
1. Reports Based on Laws .........................................................................

32(法令に基づく報告)
2. Provision of Information ........................................................................
(情報提供)

332

X. Effective Use of Unused National Land and the Sell-Off of Government Assets
with Rights ..........................................................................................

34(未利用国有地の有効活用と権利付財産の売却)
1. Current Status (acceptance, ownership, sell-off) of Unused National Land
and Government Assets with Rights .......................................................

34(未利用国有地及び権利付財産の引受・保有・売却状況)
2. Introduction of Various Disposal Methods ..................................................

34(多様な管理処分手法の導入)

XI. Sale of Government-Owned Stocks ............................................................

39(政府保有株式の売却状況)
1. NTT Stocks ........................................................................................

39(ＮＴＴ株式)
2. JT Stocks ..........................................................................................

40(ＪＴ株式)
3. JP Holdings Stocks ...............................................................................

41(日本郵政株式)
4. Japan Alcohol Corporation Stocks ...........................................................

42(日本アルコール産業株式)
5. NACCS Center stocks ...........................................................................

43(ＮＡＣＣＳセンター株式)

TABLES ...................................................................................................
（付表）

4

44

I Government Asset System
1. Scope of Government Assets
Assets owned by the national government encompass a spectrum ranging from cash anddeposits to real estate such as land and buildings, movables such as vessels, automobiles, andaircraft, claims such as loans receivable, intellectual property rights such as copyright andpatent right, and usufructs such as superficies and mining rights. (These are government
assets in the broad sense of the term.) However, in this report government assets refer to thosethat are stipulated in Article 2 of the National Government Asset Act (Act No. 73 of 1948) and
Article 4 of the Supplementary Provisions. (These are government assets in the narrow senseof the term.) They are indicated in Table 1.
2. Classification and Type of Government Assets
Government assets are classified into two groups: administrative assets and nonadministrative assets. Administrative assets are further divided into four groups (Article 3 of
the National Government Asset Act).
(1) Administrative assets
A. Official property
Properties used by the national government for its duties and projects or as houses for
its officials, or properties that the government has decided to use for the above purposes(Examples; government buildings, housing for national government employees)
B. Public property
Properties that are directly used for public purposes by the national government orproperties that the government has decided to use for such purposes (Examples: parks,
roads, beach sites)
C. Imperial property
Properties that the National government has provided for use by the imperial
household, or properties that the government has decided to provide for imperial
household use (Examples: the Imperial Palace, imperial villas, imperial tombs)
D. Forest management property
Properties that are used by the national government for forest management, or
properties that the government has decided to use for the above purposes5(2) Non-administrative assets
Non-administrative assets refer to all government assets other than administrative assetsthat are not directly used for any specific administrative purposes. These include assets withvarious characteristics.
These assets can be roughly divided into those that have characteristics similar toadministrative assets and those that do not have such characteristics. Among the former
assets are i) Government rights acquired by making investment in money or in kind based on
the provisions of special laws in order to achieve a policy objective and ii) Camps, airfields,
and port facilities, etc. that are provided to the US armed forces under treaties. Unlike
ordinary non-administrative assets, these cannot be disposed of at the discretion of thegovernment. The latter assets are those that need to be efficiently and properly managed
and disposed of in response to the social demands of the time.
Some of the non-administrative assets are those received by the government in lieu ofmonetary inheritance tax payments and some others are those that have been rendered
unnecessary as administrative assets. That is, there are some that have been abolished for use
and have become non-administrative assets.
3. Management and Disposal of Government Assets(1) Management and disposal system
Managing government assets means acquiring, maintaining or preserving such assets, orusing them for financial asset management such as loans, and disposing of government
assets refers to the sell-off, exchanging, beneficial transfer or entrustment of such assets.
Management and disposal systems differ between administrative assets and nonadministrative assets.
While administrative assets are managed by the head of each ministry or agency (Article
5 of the National Government Asset Act), said ministry or agency head is not allowed todirectly dispose of the assets, sell them, rent them, or establish private rights thereon (Article
18 of the National Government Asset Act) unless otherwise stipulated in the National
Government Asset Act. (For example, in cases where a local government provides a property
as a facility for a railway or other public transport service that manages its own affairs andestablishes superficies on said property, and where part of the property such as a governmentbuilding is leased to an entity unrelated to the national government when the property has
extra space).
On the other hand, non-administrative assets are in principle managed and disposed of by
the Minister of Finance (Article 6 of the National Government Asset Act) and he or she maysell them, rent them, or establish private rights on the assets in question (Article 20 of the
National Government Asset Act).
When administrative assets become unnecessary, the ministry or agency head must
abolish the use of the assets, convert them into non-administrative assets, and hand them6over to the Minister of Finance (Article 8 of the National Government Asset Act). However,with regard to assets not fit to be handed over to the Minister of Finance, such as assets
whose use is to be abolished for the purpose of exchange or demolition, and certain assets
belonging to 10 special accounts including the National Debt Consolidation Fund Special
Account, the head of the ministry or agency that has jurisdiction over the assets in question
shall manage and dispose of the assets even after they have been abolished.
In addition to the management and disposal of non-administrative assets, the Minister ofFinance is also in charge of the general overview of management and disposal ofgovernment assets (Article 7 of the National Government Asset Act). The general overview
of government assets refers to the establishment of national government asset systems, theunification of management and disposal operations, the explanation of increases ordecreases in the extent of government assets, the present value of government assets and theactual state thereof, and the provision of the coordination necessary for the management anddisposal of government assets, in order to facilitate the proper management and disposal ofgovernment assets (Article 4 of the National Government Asset Act).
The following are specific examples of administrative work related to the general
overview of government assets.
A. Obtaining documents or reports concerning government assets, conducting on-the-spot
inspection and seeking necessary measures such as alteration of use, abolition of use,
and transfer of jurisdiction (Article 10 of the National Government Asset Act).
B. Consultation pertaining to transfer of jurisdiction (Article 12 of the same Act).
C. Consultation pertaining to acquisition, disposal, or other matters (Article 14 of the sameAct).
It should be noted that some of the administrative work duties related to the general
overview conducted by the Minister of Finance or the management and disposal by the headof each ministry and agency may be delegated to the head of a department or division
subordinate to the relevant ministry or agency (Paragraphs 1 and 2, Article 9 of the National
Government Asset Act). Meanwhile, some of the administrative duties related to the
management and disposal of government assets may be delegated to the relevant prefectures,cities, towns or villages (Paragraphs 3 and 4, Article 9 of the National Government Asset
Act).
(2) Government asset register
A. In order to carry out proper and efficient management and disposal of government assets,
it is necessary to have a correct understanding of the current state of government assets.
To this end, each ministry and agency and its subordinate departments and agencies are
required to maintain a government asset register in order to keep track of the current stateof government assets (Article 32 of the National Government Asset Act).
The government asset register is required in order to record their category (distinction
among land, trees/bamboo, buildings, structures, etc.), application (distinction among7

land for buildings, land for housing, unutilized fields, etc.; and distinction between officebuildings and residential buildings, etc.), location, quantity, price, date of acquisition orloss and the reason therefor and other necessary matters. Therefore, when any changes
occur with regard to the specified matters for reasons such as the acquisition or disposalof assets as well as transfer of jurisdiction, the changes shall be recorded for adjustment.
Although government assets must in principle be recorded in the government asset
register, there are assets that are exempted from such obligation (Article 38 of the
National Government Asset Act). The exempted assets are:a. Public properties other than those provided or scheduled for provision for public use
as parks and public squares (e.g. roads, rivers, beach sites, etc.).
b. Non-administrative assets which belong to general accounts and which are on leasefor use as prefectural or municipal roads.
It should be noted that these assets must be recorded on management ledgers compiledby the competent ministers in accordance with the relevant laws and regulations
concerning asset management.
With regard to government assets not recorded in the government asset register (socalled unattended properties), recording must be made once their presence and status
become known.
B. The value that is newly registered in the government asset register is basically theacquisition value. Unless designated otherwise by the Minister of Finance, the value on
the register is re-assessed (hereinafter referred to as "price revision") every fiscal year inaccordance with Article 23 of the Order for Enforcement of the National Government
Asset Act, in order to reflect the changes in market value that may occur after theacquisition.
(Note) Valuation method for price revision⚫
Land: The assessed value for inheritance tax should in principle be used.
⚫
Buildings, structures, etc.: Amount obtained by deducting depreciation from the
pre-revision value on the register.
⚫
Government investment, etc.: Market price or net asset value (if no market price isavailable)
C. The government asset register has been digitalized with the implementation of theGovernment Asset Comprehensive Information Management System in January 2010.
(3) Reports on the changes in the value of government assets and their current value,and statement of their total value
The head of each ministry and agency is required to prepare reports on changes in thevalue of government assets under their jurisdiction during each fiscal year and their current
value as of the end of the fiscal year. In addition, with regard to government assets that havebeen provided free of charge in accordance with the provisions of the National Government8

Asset Act, he or she is required to submit a report on the current state of the total value ofgovernment assets provided free of charge.
The head of each ministry and agency is required to send such reports to the Minister ofFinance. Based on the reports, the Minister of Finance is required to prepare statements ofchanges in the value of government assets and their current total value, and the current stateof the total value of government assets provided free of charge (Articles 33 and 36 of the
National Government Asset Act).
The Minister of Finance is to send these statements to the Cabinet and, after having thestatements audited by the Board of Audit, the Cabinet is to report the statements to theordinary session of the Diet convened the following year (Articles 34 and 37 of the National
Government Asset Act).
In response to a request from the Diet for an early settlement of accounts, the statements
are reported to the Diet about two months earlier than is stipulated in the National
Government Asset Act, starting with the account settlement for fiscal 2003.
(Note) 1. Statistical figures, such as the current value of government assets, are based on thefiscal 2022 statements of changes in the value of government assets and theircurrent total value, and the current state of the total value of government assets
provided free of charge.

9II Current Value of Government Assets
1. Total Value of Government Assets
The current value of government assets stood at 131.8347 trillion yen as of the end of fiscal
2022 with administrative assets accounting for 26.5627 trillion yen (20.1%), and nonadministrative assets for 105.2720 trillion yen (79.9%).
(Note) The total value of government assets does not include roads, rivers, and beach sites,
etc. for public use.
2. Current Value by Category
Table 2 shows the total value of government assets by category as of the end of fiscal 2022with government investment, etc., accounting for 75.0% of the value and land accounting for15.2%, followed by trees and bamboo, buildings, and structures in that order.
(1) LandThe current value of government asset land is 19.9816 trillion yen, and its total area
amounts to 87,563 km2, accounting for about 23.2% of Japan’s total land area (377,973 km2).
The current value of land categorized as administrative assets, with a total area of 86,665
km2, is 14.8233 trillion yen, while that of land categorized as non-administrative assets, with a
total area of 898 km2, is 5.1582 trillion yen.
Forest management properties under the jurisdiction of the Ministry of Agriculture,
Forestry and Fisheries, with a total area of 85,307 km2 (worth 1.0519 trillion yen), account for
the largest portion of administrative assets in terms of land area (see Table 3). In terms ofvalue, official properties, worth 12.3785 trillion yen (1,202 km2), account for the largest
portion. These include properties under the jurisdiction of the Ministry of Defense, worth
4.2778 trillion yen (1,013 km2), those under the jurisdiction of the Ministry of Land,
Infrastructure, Transport and Tourism, worth 1.5845 trillion yen (89 km2), and those under thejurisdiction of the Ministry of Finance, worth 1.3730 trillion yen (8 km2).
In addition, the current status of land categorized as non-administrative assets is as shownin Table 4. Most is either provided to the US forces in Japan (68 km2, 2.0859 trillion yen) or
leased to local governments as parks. (89 km2, 2.0858trillion yen).
(2) Trees and bamboo
The current value of trees and bamboo amounts to 3.9562 trillion yen, of whichadministrative assets account for 3.9381trillion yen and non-administrative assets account for18.0 billion yen.
The administrative assets include forest management property under the jurisdiction of the
Ministry of Agriculture, Forestry and Fisheries and are worth 3.8349 trillion yen.

10Non-administrative assets include those under the jurisdiction of the Ministry of theEnvironment and are worth 9.4 billion yen.
(3) Buildings
The total floor area of government asset buildings amounts to 58 km2 and the current valueof said buildings is 3.3904 trillion yen, with buildings categorized as administrative assets
accounting for 48 km2 in total and worth 2.9189 trillion yen. Buildings categorized as nonadministrative assets account for 9 km2 in total and are worth 471.4 billion yen.
Of the administrative assets, official properties, with a total floor area of 48 km2 and with avalue of 2.8483 trillion yen, make up the biggest portion. These mainly include properties
under the jurisdiction of the Ministry of Defense, with a total floor area of 18 km2 and a valueof 985.7 billion yen, those under the jurisdiction of the Ministry of Finance, with a total floorarea of 9 km2 and a value of 454.3 billion yen and those under the jurisdiction of the Ministryof Justice, with a total floor area of 6 km2 and with a value of 405.9 billion yen.
The non-administrative assets include those under the jurisdiction of the Ministry of
Finance, with a total floor area of 6 km2 and with a value of 321.2 billion yen, and those under
the jurisdiction of the Ministry of Defense, with a total floor area of 3 km2 and a value of
128.4 billion yen.
(4) Structures
The current value of structures amounts to 2.5197 trillion yen, of which administrative
assets account for 2.2292 trillion yen and non-administrative assets account for 290.4 billion
yen.
Administrative assets include official properties with a value of 2.0986 trillion yen, of
which those under the jurisdiction of the Ministry of Land, Infrastructure, Transport andTourism are worth 799.2 billion yen. They mainly include properties under the jurisdiction of
the Ministry of Defense which are worth 512.2 billion yen, and those under the jurisdiction of
the Ministry of Economy, Trade and Industry which are worth 311.7 billion yen.
Non-administrative assets include those under the jurisdiction of the Ministry of Finance,
worth177.3 billion yen and those under the jurisdiction of the Ministry of Defense, which areworth 106.4 billion yen.
(5) Machinery and equipment
The total value of machinery and equipment is 20 yen, all of which constitutes nonadministrative assets in the general account of the Ministry of Finance. These machinery andequipment, formerly assets under the jurisdiction of the former Ministry of War, the former
Ministry of the Navy and the former Ministry of Supply, have been designated as government
assets under Article 4 of supplementary provisions of the National Government Asset Act.

11

(6) Vessels
The total number of vessels is 2,342 and their total value is 1.6075 trillion yen. Of these,
2,314 vessels valued at 1.6075 trillion yen are administrative assets and 28 vessels valued at
20 million yen are non-administrative assets.
Administrative assets include 2,235 vessels categorized as official properties and valued at
1.6075 trillion yen. They mainly consist of 478 vessels valued at 1.3190 trillion yen under thejurisdiction of the Ministry of Defense and 1,522 vessels valued at 254.6 billion yen under thejurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism.
Non-administrative assets include 17 vessels under the jurisdiction of the Ministry of
Defense, which are worth 20 million yen.
(7) Aircraft
The total number of aircraft is 1,570 and their total value is 1.0411 trillion yen. Of these,
1,563 aircraft valued at 1.0410 trillion yen are administrative assets and 7 aircraft valued at 70
million yen are non-administrative assets.
Administrative assets, all of which are official properties, include 1,369 aircraft under thejurisdiction of the Ministry of Defense, which are worth 968.9 billion yen, and 107 aircraft
under the jurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism which
are worth 54.4 billion yen.
(8) Superficies, etc.
The total value of superficies, etc. (superficies, easement, mining rights, etc.), which covera total area of 3 km2, is 3.2 billion yen. Administrative assets, which cover a total area of 3
km2, accounted for 3.2 billion yen of the total value and non-administrative assets, which
cover a total area of 1,000 m2, accounted for 5 million yen.
Administrative assets include 3.2 billion yen’s worth of official properties covering a total
area of 3 km2 mainly consisting of 2.2 billion yen’s worth of superficies with a total area of 2
km2 under the jurisdiction of the Ministry of the Environment.
Non-administrative assets include 4 million yen’s worth of easement with a total area of
100 m2 under the jurisdiction of the Ministry of Finance.
(9) Patent rights, etc.
The total number of patent rights, etc. (patent rights, copyrights, trademark rights, utility
model rights, etc.), is 1,906 thousand and their total value is 1.1 billion yen. Of the total,
1,906 thousand worth 1.1 billion yen constitute administrative assets, and 0.1 thousand worth
40 million yen constitute non-administrative assets.
Administrative assets, all of which are official properties, include 1,902 thousand
copyrights with a value of 1.0 billion yen under the jurisdiction of the Ministry of Land,
Infrastructure, Transport and Tourism.

12Non-administrative assets include 1 copyright with a value of 40 million yen under thejurisdiction of the Ministry of Agriculture, Forestry and Fisheries.
(10) Government investment, etc.
The total value of government investment, etc. comes to 98.8724 trillion yen, accounting
for 75.0% of the total value of all government assets. The total value includes 98.2221 trillion
yen, or 99.3%, in non-administrative assets such as rights and shares that the government has
acquired through investments, etc., in incorporated administrative agencies, etc., under theprovisions of special laws (including international treaties).
Table 5 shows government investment, etc., by account and by type of corporation
receiving investment. Of said investments, 66.7533 trillion yen is appropriated from thegeneral-account budget and 31.4687 trillion yen is appropriated from the special-accountbudget.
Corporations receiving investment from the general-account budget include Japan FinanceCorporation (13.9773 trillion yen), the Japan Expressway Holding and Debt Repayment
Agency (10.7752 trillion yen), the Japan International Cooperation Agency (10.2702 trillionyen), and the International Development Association (3.8388 trillion yen).
Corporations receiving investment from the special-account budget include theInternational Monetary Fund (5.7032 trillion yen) from the Foreign Exchange Fund Special
Account, the Japan Health Insurance Association from Pension Special Account (4.9135
trillion yen), the Nippon Telegraph and Telephone Corporation (4.6249 trillion yen) from the
FILP Special Account, the Development Bank of Japan (3.8865 trillion yen) from the FILP
Special Account, and the Japan Bank for International Cooperation (2.9085 trillion yen) fromthe FILP Special Account.
(11) Real estate trust beneficiary rights
The total number of real estate trust beneficiary rights is two and its current value is 461.2
billion yen. They are non-administrative assets under the jurisdiction of the Ministry of
Finance.
3. Current Value by Account, Classification and Type
Table 6 shows government assets as of the end of fiscal 2022 by account, classification andtype.
Table 6 (reference) also shows the proportions represented by official properties, public
properties, imperial properties, forest management properties, and non-administrative assets
according to use.
Table 7 shows administrative assets and non-administrative assets by category.

13

4. Current Value by Jurisdiction
Table 8 shows the current value of government assets by jurisdiction as of the end of fiscal
2022. Of the total, 97.4055 trillion yen worth of assets, or 73.9%, is under the jurisdiction of
the Ministry of Finance. Of the Ministry's assets, 95.4893 trillion yen worth (including
89.5064 trillion yen in government investment, etc.), or 98.0%, is non-administrative assets.
Further, assets worth 8.3236 trillion yen, or 6.3% of the total, are under the jurisdiction of
the Ministry of Defense. Of the Ministry’s assets, 8.0854 trillion yen worth (including land
worth 4.2778 trillion yen), or 97.1%, is administrative assets.
Assets worth 6.7427 trillion yen, or 5.1% of the total, are under the jurisdiction of the
Ministry of Health, Labour and Welfare, of which 6.2486 trillion yen (including 6.2427
trillion yen in government investment, etc.), or 92.7%, are non-administrative assets. Assets
worth 5.3725 trillion yen, or 4.1% of the total, are under the jurisdiction of the Ministry ofAgriculture, Forestry and Fisheries, of which 5.2437 trillion yen (including 3.8760 trillion yen
in trees and bamboo), or 97.6%, are administrative assets.

14

III Changes in the Value of Government Assets
1. Total Changes in the Value
In fiscal 2022, the total increase in the value of government assets came to 8.3041 trillion
yen and the total decrease to 3.0179 trillion yen, resulting in a net increase of 5.2862 trillion
yen.
2. Changes by Category
Table 9 shows changes in the value of government assets by category in fiscal 2022. Table
10 shows changes in the value of government assets after changes resulting from the pricerevision are deducted. The main items that posted a net increase were government investment,
etc. worth 299.9 billion yen (an increase of 1.0255 trillion yen and a decrease of 725.5 billionyen), and structures worth 290.3 billion yen (an increase of 323.7 billion yen and a decreaseof 33.3 billion yen). Changes caused by price revisions are as shown in Table 11.
3. Changes by AccountTable 12 shows changes in the value of government assets by account in fiscal 2022. Table
13 shows changes in the value of government assets after changes resulting from the pricerevision are deducted. General accounts posted a net increase of 1.4572 trillion yen (anincrease of 1.9134 trillion yen against a decrease of 456.1 billion yen) and special accounts
posted a net decrease of 51.8 billion yen (an increase of 461.2 billion yen against a decreaseof 513.0 billion yen).
The major special accounts that posted an increase were the FILP Special Account (297.9
billion yen), the Special Account for Safety of Motor Vehicles(74.9 billion yen), and theSpecial Account for Energy Measures (52.0 billion yen). The major special accounts thatposted a decrease were the FILP Special Account (420.7 billion yen) and the Pension Special
Account (47.2 billion yen).
4. Changes by Classification and Type
Table 14 shows changes in the value of government assets by classification and type infiscal 2022. Table 15 shows changes in the value of government assets after changes resulting
from price revisions have been deducted. Administrative assets posted a net increase of
1.0981 trillion yen and non-administrative assets posted a net increase of 307.3 billion yen.
5. Changes by Jurisdiction

15

Table 16 shows changes in the value of government assets by jurisdiction in fiscal 2022.
Table 17 shows changes in the value of government assets following the deduction of changes
resulting from the price revision. The main item that posted an increase is assets under thejurisdiction of the Ministry of Defense, which posted an increase of 666.7 billion yen (anincrease of 690.0 billion yen against a decrease of 23.3 billion yen), while the item that posted
a decrease is assets under the jurisdiction of the Ministry of Health, Labour and Welfare,which posted a decrease of 73.7 billion yen (an increase of 11.8 billion yen against a decreaseof 85.5 billion yen).
6. Changes by Cause
Causes of change in the value of government assets can be roughly divided into transferfrom the state to an entity outside the state and transfer within the state.
If we refer to the former as external transfers and the latter as internal transfers, purchases,
sell-offs and investment, etc. are hence classified as external transfers, while transfer ofjurisdiction (transferring the jurisdiction of a ministry or agency head over government assets)
and transfer of affiliation (transferring assets belonging to a department to another department
within the same jurisdiction) are classified as internal transfers.
External transfers that cause an increase in the value of government assets due to externaltransfer are divided into those requiring expenditure (purchase, new construction, etc.) andthose not requiring expenditure (tax payment in kind, etc.). External transfers that cause adecrease in the value of government assets are broken down into those generating revenue(sell-off, collection of investment, etc.) and those not generating revenue (beneficial transfer,demolition, etc.).
Internal transfers can be divided into changes due to adjustment, changes due tostreamlining, and changes resulting from the price revision.
A. Changes due to adjustment
Changes due to adjustments refer to changes caused by internal adjustments for the
purpose of improving the efficiency of the management of government assets, such astransfer of jurisdiction, transfer of affiliation, handovers/receipts (whereby administrative
assets whose use has been abolished are "handed over" by the ministries and agencies ofjurisdiction and "accepted" by the Ministry of Finance) or rationalization exchanges(transfer to other accounts within the same department without change of use (including
division of assets)).
B. Changes due to streamlining
Changes due to streamlining refer to changes made as a result of actual measurements(in the case of land, buildings and structures), actual surveys (in the case of trees andbamboo), corrections of mistakes, discovery of unreported items, etc.
C. Changes resulting from the price revision16Changes resulting from price revisions in this report reflect the revisions that took effectas of March 31, 2023.
Table 18 shows changes in the value of government assets in fiscal 2022 by type oftransfer. External transfers accounted for 24.6% of the year’s increase and internal transfers
accounted for 75.4%. Regarding the year’s decrease, 25.2% of it was due to externaltransfers and 74.8% was due to internal transfers.
(1) Increase
Major causes of increases and the amounts of resultant increases are as follows:
A. Increase due to external transfers(a) Transfers requiring expenditures
Investment (cash investment): 685.8 billion yen
The increase in government cash investment, etc. is mainly comprised of 140.3 billion
yen in the Japan Finance Corporation, 110.0 billion yen in Japan Organization for Metals
and Energy Security, 50.0 billion yen in Japan Arts Council, and 47.0 billion yen in Japan
International Cooperation Agency from general accounts, 85.0 billion yen in Japan Bankfor International Cooperation, 58.0 billion yen in Japan Overseas Infrastructure Investment
Corporation for Transport & Urban Development, 50.0 billion yen in Development Bankof Japan Inc., and 22.7 billion yen in Japan Organization for Metals and Energy Security
from the FILP Special Account, 45.8 billion yen in Japan Organization for Metals andEnergy Security from the Special Account for Measures for Energy, and 70 million yen in
Japan Finance Corporation from the Special Account for Reconstruction from the Great
East Japan Earthquake.
New Production: 356.8 billion yen
The value of new production includes 238.5 billion yen for new vessels (27 vessels) and
118.2 billion yen for new aircraft (20 aircraft). The aforementioned vessels is mainlycomprised of official properties with a value of 212.7 billion yen (12 vessels) that belong
to the general account of the Ministry of Defense. The aforementioned aircraft are mainlycomprised of official properties with a value of 107.1 billion yen (13 aircraft) that belong
to the general account of the Ministry of Defense.
New Construction: 164.2 billion yen
The value of new construction of structures includes 76.8billion yen for official properties
that belong to the general account of the Ministry of Defense.
(b) Transfer not requiring expenditures
Investment (in kind): 296.4 billion yen
The increase in government investment, etc. due to investment in kind is mainlycomprised of 250.7 billion yen of investment in the International Development Associationand 14.4 billion yen of investment in Nara National Institute of Higher Education andResearch from general accounts of the Ministry of Finance.

17

B. Increase due to internal transfer
Price revision: 5.9294 trillion yen
The increase due to price revision includes 5.2314 trillion yen for government
investment, etc., and 252.9 billion yen for trees and bamboo. The value of increase ingovernment investment, etc. includes 2.8821 trillion yen for non-administrative assets
belonging to the general account of the Ministry of Finance. The value of increase in trees
and bamboo includes 232.0 billion yen for forest management properties belonging to thegeneral account of the Ministry of Agriculture, Forestry and Fisheries.
Actual surveys: 86.8 billion yen
Actual surveys were conducted for trees and bamboo. The value of increase due toactual surveys includes 86.3 billion yen for forest management properties that belong to thegeneral account of the Ministry of Agriculture, Forestry and Fisheries.
Transfer of affiliation: 85.5 billion yen
The increase due to transfer of affiliation includes 34.7 billion yen for government
investment, etc. and 28.7 billion yen for vessels. The value of increase in government
investment, etc. includes 32.9 billion yen for non-administrative assets belonging to theSpecial Account for the National Debt Consolidation Fund under the jurisdiction of the
Ministry of Finance. The value of increase in vessels includes 23.8 billion yen for official
properties belonging to the general account under the jurisdiction of the Ministry of Land,
Infrastructure, Transport and Tourism.
Rationalization exchanges: 50.3 billion yen
It is for 24.1 billion yen for land and 10.9 billion yen for vessels, etc. The land mainly
consists of 21.0 billion yen of official properties that belong to the general account of the
Ministry of Land, Infrastructure, Transport and Tourism, and the vessels mainly consist of
10.8 billion yen of official properties that belong to the general account of the Ministry ofLand, Infrastructure, Transport and Tourism.
(2) Decrease
Major causes of decrease and the extent of the resultant decreases are as follows:
A. Decrease due to external transfers(a) Transfers accompanied by financial revenue
Sell-off: 360.7 billion yen
The decrease due to sell-off includes 332.9 billion yen for government investment, etc.,
and 26.8 billion yen for land. The value of decrease in government investment, etc.
includes 329.4billion yen for non-administrative assets from the FILP Special Accountunder the jurisdiction of the Ministry of Finance. The value of decrease in land includes
20.0 billion yen for non-administrative assets belonging to the general account of the
Ministry of Finance.
Collection of investment: 77.3 billion yen

18

The decrease in government investment, etc., due to the collection of investment (cash)
in incorporated administrative agencies, etc., includes a decrease of 46.7 billion yen for the
Welfare and Medical Service Agency from the Pension Special Account and 28.8 billion
yen for Japan Organization for Employment of the Elderly, Person with Disabilities and
Job Seekers from the Labor Insurance Special Account.
(b) Transfer not accompanied by financial revenue
Capital reduction: 254.5 billion yen
Capital reduction represents a reduction in the capital of Japan Finance Corporation
based on laws and regulation. The entire value of the capital reduction is represented bygovernment investment, etc., comprising non-administrative assets that belong to thegeneral account under the jurisdiction of the Ministry of Finance valued at 201.9 billion
yen.
Investment (in kind): 25.9 billion yen
It is a decrease in government investment, etc. due to the consolidation of national
university corporations.
B. Decrease due to internal transfer
Price revision: 2.0487 trillion yen
The decrease due to price revision includes 902.9 billion yen for government
investment, etc., and 358.3 billion yen for aircraft. The value of decrease in government
investment, etc. includes 641.9 billion yen for non-administrative assets belonging to thegeneral account under the jurisdiction of the Ministry of Finance. The value of decrease inaircraft includes 328.7 billion yen for non-administrative assets belonging to the generalaccount under the jurisdiction of the Ministry of Defense.
Transfer of affiliation: 85.5 billion yen
The decrease due to transfer of affiliation includes 34.7 billion yen for government
investment, etc. and 28.7 billion yen for vessels. The government investment, etc. which
entirely comprises the non-administrative assets in the general account under thejurisdiction of the Ministry of Finance, and the vessels mainly consist of 23.8 billion yen of
the official properties of the general account under the jurisdiction of the Ministry of Land,
Infrastructure, Transport and Tourism.
Rationalization exchanges : 50.3 billion yen
It comprises 24.1 billion yen for land and 10.9 billion yen, etc., for vessels. The land
mainly consists of 21.0 billion yen of official property in the general account under thejurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism, and the vessels
mainly consist of 10.8 billion yen of official property in the general account under thejurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism.
Transfer of jurisdiction: 47.2 billion yen
The decrease due to transfer of jurisdiction includes 25.9 billion yen for buildings and17.7 billion yen for structures. The value of decrease in buildings includes 23.8 billion yen

19for non-administrative assets belonging to the FILP Special Account under the jurisdictionof the Ministry of Finance. The value of decrease in structures includes 16.9 billion yen for
non-administrative assets belonging to the FILP Special Account under the jurisdiction of
the Ministry of Finance.
7. Price Revision in the Government Asset RegisterAs shown in Table 19, the price revision that came into effect on March 31, 2023 resulted
in a net increase of 3.8807 trillion yen.
8. Trend in the Value of Government Assets
Table 20 shows the trend of the value of government assets over the last five years. A
breakdown of decreases by cause for the last five fiscal years is given hereunder:
The increase in fiscal 2018 as compared to the previous fiscal year included 2.9265 trillion
yen due to price revisions (e.g. government investment, etc.) and 495.5 billion yen due toinvestment (cash) (government investment, etc.).
The increase in fiscal 2019 as compared to the previous fiscal year included 2.8657 trillion
yen due to price revisions (e.g. government investment, etc.) and 694.7 billion yen due toinvestment (cash) (government investment, etc.).
The increase in fiscal 2020 as compared to the previous fiscal year included 5.4532 trillion
yen due to investment (cash) (government investment, etc.) and 4.1271 trillion yen due toprice revisions (e.g. government investment, etc.).
The increase in fiscal 2021 as compared to the previous fiscal year included 8.0845 trillion
yen due to investment (cash) (government investment, etc.) and 4.0064 trillion yen due toprice revisions (e.g. government investment, etc.).
The increase in fiscal 2022 as compared to the previous fiscal year included 5.9294 trillion
yen due to price revisions (e.g. government investment, etc.) and 685.8 billion yen due toinvestment (cash) (government investment, etc.).
Table 21 shows the year-end status of government investment, etc. during the last five
years.

20

IV Key Points Concerning Government Buildings
1. Key Points Concerning Government Buildings(1) Definition of government buildings
Government buildings refer to buildings and auxiliary facilities as well as the sites on
which these are located (including those on lease), which are used for administrative workand projects of the national government, including government offices used by ministries andagencies, jails, airports, and facilities of the Self-Defense Forces. Although governmentbuildings are managed by the heads of individual ministries and agencies, the Minister ofFinance, as the minister in charge of overseeing government assets, is promoting efforts
aimed at ensuring their efficient improvement and use.
(Note) Government buildings do not include housing for national government employees,
the Imperial Palace, roads, forests, undeveloped fields, rivers, etc.
(2) Promotion of effective improvement of government offices
In order to promote efficient improvement of government offices, the Ministry of Financeexamines improvement requests from individual ministries, judges the necessity of therequested improvement and makes appropriate adjustments so as to reflect the results in thebudget for government office improvement each fiscal year.
In doing so, from the viewpoint of making effective use of government assets, the Ministryof Finance looks into the possibilities of how to make use of existing government offices, andin cases where new improvements to buildings are required, it makes sure to select the mostcost-effective ways of securing offices by comparing the costs of constructing new buildings
and leasing existing buildings.
(3) Promotion of efficient use of existing government offices
In order to promote the efficient use of government offices, the Ministry of Finance keeps
track of the actual status of individual ministries and agencies' use of offices through, forexample, field inspections, from the perspective of cutting down rental costs by eliminating
the unnecessary renting of buildings for use as government buildings, and making more
properties available for sale. The ministry formulates plans for cross-ministerial adjustments
of office spaces based on the Act on Special Measures concerning Adjustment of Use of
National Government Buildings (Act No. 115 of 1957) (hereinafter referred to as the"Government Buildings Act") after seeking recommendations from the Fiscal System Council(Article 4 of the Government Buildings Act).
It should be noted that as an institutional measure to promote the efficient use ofgovernment offices, amendments to the Government Buildings Act, etc. in April 2006 havemade it possible to lease idle office spaces and premises of government office buildings to theprivate sector within limits that do not undermine the administrative use or purposes of theproperty concerned.

21

2. Specified Government Asset Consolidation Plan
The Specified Government Asset Consolidation Plan is a scheme under which the Ministerof Finance formulates plans for the acquisition and disposal of government assets based on
the concept of "scrap and build," whereby government offices are consolidated or relocated or
improved in order to enhance their earthquake resistance (Article 5 of the Government
Buildings Act.)In establishing the Specified Government Asset Consolidation Plan, the Minister of Financeexamines Specified Government Asset Consolidation Plan Requests submitted fromministries and agencies, and makes judgment concerning the necessity, urgency, conditions ofscale and location, and the appropriateness of potential disposal of the assets.
(Note) The Specified Government Asset Consolidation Special Account, in which theundertakings based on the Specified Government Asset Consolidation Plan had been
managed, was abolished at the end of fiscal 2009 as part of the Special AccountReform. As a consequence, a Specified Government Asset Consolidation Account
was established in the FILP Special Account as a temporary measure in order toperform accounting for the relevant undertakings that were not completed at the endof fiscal 2009, until these undertakings are completed. The new undertakings
conducted after fiscal 2010 have been managed in the general account.

22

V Outline of Housing for National Government Employees
Housing for national government employees is set up based on the “National Government
Employees’ Housing Act” (Act No. 117 of 1949) in order to “ensure efficient performance of
duties by national government officials, thereby facilitating the smooth implementation of
government operations and services.”
Housing for Government Employees are residential housing, ancillary structures, otherfacilities ,and land set up by the government to accommodate officials and their families..
These do not include lodging facilities temporarily set up within training institutes, etc.,
temporary hostels set up at construction sites, dormitories for Diet members, and employee
housing set up by incorporated administrative agencies, etc.
Housing for national government officials is set up based on the residence housing setup
plan established by the Minister of Finance. Housing can be set up either as administrative
assets through construction, purchase, exchange, donation, or conversion (for example, itmeans that a government building is changed to housing for national government employees
by changing the usage), or properties offered by entities other than the government.
Housing for national government employees is in principle provided by the Minister ofFinance. However, with regard to housing by ministry/agency (housing for national
government employees that is constructed solely for the purpose of leasing to employees ofthe same ministry or agency), in cases where a large number of housing facilities need to beconstructed at the same time, in cases of a decision by the Minister of Finance under otherspecial circumstances, etc., the head of the ministry or agency provides such housing.
As for the maintenance and management of housing for national government employees,
the Minister of Finance is in charge in the case of joint housing (housing for national
government employees other than housing by ministry/agency) and the head of the ministry
or agency is in charge in the case of housing by ministry/agency.
As of September 1, 2023, the total number of housing units for national government
employees stood at about 161,000.

23

VI Current Conditions of Non-Administrative Assets Belonging to theGeneral Account under the Jurisdiction of the Ministry of Finance
1. Current ValueAs shown in Table 22, the current value of non-administrative assets belonging to thegeneral accounts under the jurisdiction of the Ministry of Finance (assets under thejurisdiction of the Minister of Finance as prescribed by Article 6 of the National Government
Asset Act, with the same applying in 6 below) stood at 72.7089 trillion yen as of the end of
fiscal 2022, accounting for 55.2% of the total value of government assets, which stood at
131.8347 trillion yen.
As stated earlier in this report, non-administrative assets refer to all government assets
other than administrative assets. They can be roughly divided into assets with characteristics
similar to administrative assets (e.g., financing shares and properties offered to the American
armed forces) and other assets (unused national land etc.). The former assets cannot be
quickly disposed of, but the latter should be efficiently and appropriately managed or
disposed of in response to occasional social needs.
2. Changes in the Value in Fiscal 2022
In fiscal 2022, the total increase in the value of non-administrative assets came to 3.8483
trillion yen and the total decrease to 985.1 billion yen, resulting in a net increase of 2.8632
trillion yen. Table 22 shows changes in the value of non-administrative assets by category(land, buildings, government investment, etc.).
Table 23 shows changes in the value of non-administrative assets after changes resulting
from the price revision are deducted. The total increase in fiscal 2022 came to 713.7 billion
yen and the total decrease to 294.5 billion yen, resulting in a net increase of 419.2 billion yen.
Changes resulting from the price revision are as shown in Table 24.
Changes in the value of non-administrative assets can also be divided into “externaltransfers,” or transfers from the state to entities other than the state, and “internal transfers,”
or transfers within the state. For example, non-administrative assets increase through"external transfers" when the government receives tax in kind in lieu of monetary inheritancetax payments, when assets in abeyance are attributed to the state coffers, or when thegovernment acquires financing shares or subscription certificates through investment inincorporated administrative agencies, etc. Non-administrative assets decrease through"external transfers" when the government carries out sell-offs, beneficial transfers, or makes
investments in kind (land, buildings, structures, etc.). Non-administrative assets also increase
through "internal transfers" when, for instance, the Ministry of Finance takes over assets thathave outlived their usefulness as administrative assets and thus have become nonadministrative assets. Non-administrative assets decrease through "internal transfers" when,24for instance, jurisdiction over government assets is transferred from one ministry or agency toanother ministry or agency in order to provide them for administrative use. Table 25 showstransfers that took place in fiscal 2022.
3. Current Conditions of Management and Disposal
Disposals of land and buildings of non-administrative assets that took place in fiscal 2022
and their status as of the end of the year are as follows.
(1) Disposal
Table 26 shows the key points of disposals that took place in fiscal 2022.
A. Sell-off
There were 2,749 sell-offs worth 20.4 billion yen (based on registry value, with thesame applying in 6-3 below). By category, land amounted to 1,796 thousand m2 or 20.0
billion yen, and buildings to 18 thousand m2 or 300 million yen.
By counterparty, public corporations accounted for 236 cases or 3.6 billion yen,public interest corporations for 7 cases or 90 million yen, corporations other than public
corporations and public interest corporations for 913 cases or 10.9 billion yen, andothers for 1,593 cases or 5.8 billion yen.
By contract method, general competitive contracts accounted for 206 cases or 4.6
billion yen (prices were made public in 135 cases, worth 3.4 billion yen) and negotiatedcontracts for 2,530 cases or 14.5 billion yen.
Assets are in principle sold at market value. However, some of the non-administrative
assets are sold to public corporations, etc. after their market value had been reduced bya certain percentage based on the provisions of the Act on Special Measures concerning
National Property and other relevant laws. Among the assets sold at less than market
value were one social welfare facilities worth 6 million yen, eight school facilities worth
400 million yen, three houses worth 20 million yen, and other worth 700 million yen.
B. Exchange
There was no result.
C. Beneficial transfer
There were 181 beneficial transfers worth 800 million yen.
D. Transfer of jurisdiction
There were 14 transfers of jurisdiction worth 2.8 billion yen, one of which wastransfer of jurisdiction for which compensation is required worth 100 million yen and
13 of which were transfers of jurisdiction for which no compensation is required worth
2.7 billion yen.
(2) Management
The status of use of land and buildings as of the end of fiscal 2022 is as follows.
A. Properties provided to US armed forces25

Properties provided to the American armed forces stationed in Japan under treaties
comprised 69 plots of land covering 68,556 thousand m2 worth 2.0858 trillion yen andfive buildings with a total area of 5,517 thousand m2 worth 310.3 billion yen.
B. Assets allowed for use by other ministries and agencies
Non-administrative assets whose use by ministries and agencies is permitted on atemporary basis in order to facilitate the performance of necessary operations andservices comprised 25 plots of land covering 2,711 thousand m2 worth 165.5 billion yen
and one building with a total area of 12 thousand m2 worth 10 million yen.
C. Assets on lease to local governments, etc.
Non-administrative assets on lease to local governments are divided into leases at (a)market value (market-value lease), (b) leases with no charge based on law’s provisions(free lease), and (c) leases at less than market value (discount lease).
Assets on lease break down into 26,041 plots of land covering 89,665 thousand m2
worth 2.0858 trillion yen, and 588 buildings totaling 118 thousand m2 worth 1 billion
yen. The breakdown of assets on lease (land) is as follows.
(a) Market-value leases are those extended to persons who have been using as personal
residential sites the land they paid in kind in lieu of inheritance tax. There are21,256 such leases, covering 15,175 thousand m2 and worth 482.8 billion yen.
(b) Free leases are those extended to local governments without charge in accordancewith the provisions of the National Government Asset Act and other laws. There are4,223 cases covering 71,314 thousand m2 and worth 1.4578 trillion yen. Amongthem are parks, 2,770 cases, 59,327 thousand m2, 1.1450 trillion yen, and watersupply facilities, 313 cases, 3,174 thousand m2, 51.0 billion yen.
(c) Discount leases are those extended to local governments at less-than market value
under the Act on Special Measures concerning National Property and other relevant
laws. There are 562 such leases, covering 3,175 thousand m2 and worth 145.2
billion yen.
A breakdown of land on lease by counterparty finds 4,825 with public corporations,representing 75,281 thousand m2 worth 1.4944 trillion yen; 315 with public interest
corporations, representing 1,675 thousand m2 worth 97.1 billion yen; 1,863 withcorporations other than public corporations and public interest corporations,representing 7,459 thousand m2 worth 195.9 billion yen; and 19,038 with others,
representing 5,248 thousand m2 worth 298.2 billion yen.
D. Unused national land
Unused national land refers to land not used at present (including land inmanagement commission and land temporarily utilized in ways such as temporary
lending) but that can be, or is expected to be, used as housing land, and land that iscurrently farmland or forest but, judging from the surrounding circumstances, that is
expected to be developed as housing land (excluding land that is difficult to be used on

26its own and assets that should be disposed of based on the Specified Government Asset
Consolidation Plan). There are 2,695 such cases, representing 9,208 thousand m2 or
528.3 billion yen.
Table 27 shows trends in the cases of unused national land in the last five years.
(3) Securities transferred as payment in kind, etc.
Government investment, etc. consist of government investment and securities transferred to
the government as payment in kind, etc. The securities transferred as payment in kind, etc. arethose the government has received in lieu of monetary tax payments and those vested in thenational treasury.
Table 28 shows the status of transfers of securities transferred as payment in kind, etc. infiscal 2022 and their current value as of the end of the fiscal year 2022, which stood at 7.0
billion yen.
4. Trend of the Value of Non-Administrative Assets (Land)
There are two factors causing changes in the total area of non-administrative assets (land):factors that increase area, such as receipts, tax payment in kind, etc., and factors that decrease
area, such as sell-offs, transfer of jurisdiction, etc. Changes in recent years generally show aflat trend, but there was a decrease at the end of FY2022 compared to the end of the previous
fiscal year.
5. Trend of Government Asset-Related Revenues (Local Finance Bureau)
The amount of government asset-related revenues received by the Local Finance Bureaus
in fiscal 2022 stood at 73.3 billion yen.
Most is accounted for by sales of government assets (including sales of government assets
for financing reconstruction from the Great East Japan Earthquake and sales of specified
government assets) with 37.9 billion yen and receipts from lending of government assets with34.1 billion yen.
Of the sales of government assets, sales of land accounted for 34.3 billion yen.
Table 29 shows changes in the proceeds from the sale of government assets in the last five
years.
Table 30 shows changes in the proceeds from the sale of government assets, including salesof non-administrative assets by ministries and agencies.

27VII Councils on Government Assets
With regard to government assets, the Fiscal System Council has been established at the
Ministry of Finance and regional government asset councils at local finance bureaus and the
Okinawa General Bureau.
The Fiscal System Council was established based on Article 6 of the Act on the
Establishment of the Ministry of Finance (Act. No. 95 of 1999), which took effect on January
6, 2001. The Council has taken over the functions of the Central National Property Council
and three other councils, which were abolished as part of the consolidation and rationalizationof government councils implemented as part of the reorganization of central government
ministries. Under the Fiscal System Council, the Government Asset Subcommittee has been
established for the purpose of investigating and deliberating on basic policies concerning themanagement and disposal of government assets and other important matters concerning
government assets (Past meetings held by the subcommittee are as shown in Table 31.) basedon Article 6 of the Fiscal System Council Ordinance (Ordinance No. 275 of 2000).
In December 2017, the Minister of Finance consulted with the Fiscal System Council as tothe issue of the desirable state of management and disposal of government assets in the future
in light of the recent situation surrounding the administration of government assets.
Upon being requested to investigate and deliberate on this issue, the Government Asset
Subcommittee established a working team to discuss it from an expert and technicalviewpoint, and decided to deliberate on a broad range of issues concerning government assets
in light of the recent situation surrounding the administration of government assets.
Specifically, the working team held repeated discussions and deliberations from an expert
viewpoint with regard to the desirable state of management and disposal of government assets
in the future in light of the recent situation surrounding the administration of government
assets, including the changes in the socioeconomic environment, such as population decline
and the aging of society with a declining birthrate, and the achievement of the plan for
reducing housing for national government employees. The Subcommittee also held
deliberations, and on June 14, 2019, it compiled a report titled "Desirable State ofManagement and Disposal of Government Assets in the Future—For Optimal Use of
Government Assets—."
Regional government asset councils, in response to consultations by the directors-generalof local finance bureaus and the Okinawa General Bureau, are to investigate and deliberate on
the specific management and disposal of government assets and express their opinions on the
aforementioned matters to the directors-general, etc. The councils held 12 meetings in fiscal
2022.

28

VIII Inspection of Government Assets
1. Outline
The Minister of Finance may conduct field inspections of government assets under thejurisdiction of ministry or agency heads in order to manage and dispose of government assets
in an appropriate manner (Article 10 of the National Government Asset Act, etc.).
The inspection constitutes part of the Minister of Finance’s overall businesses concerning
government assets and is a proactive business designed to unify the businesses concerning
management and disposal of government assets and thereby enhance the appropriateness andefficiency of the businesses.
2. Inspection(1) Inspections after fiscal 2011
The Ministry decided to step up and enhance its inspection of government assets startingfrom fiscal 2011 to help improve the nation's fiscal condition by selling them and promote
effective use in accordance with local and social needs. The decision includes anoperational change from traditional paper-based inspections to field inspections in depth.
(2) Inspection Policies for fiscal 2023
A. Basic inspection policies for fiscal 2023
For fiscal 2023, the inspections shall be made in an effective manner with administrativeemphasis on (1) official properties, etc. such as government buildings and housing forgovernment employees and (2) non-administrative assets under the jurisdiction of eachministry or agency.
B. Purpose of inspections in the fields to be focused on(a) Inspections on official properties, etc. such as government buildings and housing forgovernment employees• Status of utilization in certain areas or of specified government buildings
A. Purpose of inspections
To promote effective utilization by grasping the status of use of governmentbuildings in certain areas or specified types of government offices andadjusting inter-ministerial use, with the aim of ensuring the optimal use ofgovernment assets.
B. Types of Properties
Multiple government buildings, which are located in the same area, or
controlled or used by those whose work and operations are closely connectedto each other, are selected for inspection.

29

• Status of use of training and education facilities, etc.
A. Purpose of inspections
To promote the effective utilization of government assets by grasping thestatus of use and adjusting inter-ministerial use.
B. Types of Properties
Training and educational facilities, lodging facilities, conference facilities,
and fitness facilities.
• Maintenance status of government buildings and housing for government
employees
A. Purpose of inspections
To grasp the status of maintenance and management of existing governmentbuildings and housing for government employees that serve as social capitalstock, and promote longevity as well as efficient maintenance management ofthese buildings.
B. Types of Properties
Inspections shall be made on government buildings in certain areas or
specified types of government offices, which are subject to inspection for theusage status.
(b) Non-administrative assets under the jurisdiction of each ministry or agency
A. Purpose of inspections
In order to promote effective use of unused national land, etc., inspections
shall be conducted to grasp the status of progress in disposal and optimize themanagement and disposal of such land, etc. Also, from the viewpoint ofobtaining a general overview of government assets, the Ministry of Financeprovides each ministry and agency with necessary and appropriate advice
concerning management and disposal methods, thereby promoting effective
use of non-administrative assets in accordance with the changing anddiversifying needs of communities and society.
B. Types of Properties
The target properties are selected from among the following nonadministrative assets belonging to the special account (excluding the Specified
Government Asset Improvement Account in the FILP Special Account) or
belonging to the general account.
a Non-administrative assets which have been transferred from the special
account to the general account upon the abolition of the special accountand handed over to a local finance bureau, etc.
b In addition to those set forth in a. above, non-administrative assets forwhich inspections are deemed effective from the perspective of promoting
effective use, and which are categorized as (i) unused national land, etc. or(ii) assets other than unused national land, etc. (located in urban areas).

30

(3) Results of the inspections conducted in fiscal 2022
A. Results of inspections of government assets
In fiscal 2022, in spite of the impact of the COVID-19 pandemic, a total of 436 assets
were inspected, and problems were pointed out with regard to 74 (17.0%) of them.
The major inspection results are as follows.
(a) Administrative assets
Demanding measures to promote the efficient use of the unused spaces identified
in the government buildings through the inspections, terminating the renting of othergovernment buildings in the neighboring areas, discontinuing the use of the building,the adjusting the used spaces between government offices were executed.
(b) Non-administrative assets
Loan agreements for property where a portion of the site is used by a party otherthan the government were improved.
B. Actual conditions of non-administrative assets (unused national land) under thejurisdiction of each ministry or agency
With regard to unused government-owned lands forming part of non-administrative
assets under the jurisdiction of each ministry or agency, the trend in the occurrence ofassets during fiscal 2022 and the progress in their disposal, etc., were grasped, and followup activities were conducted to request each ministry or agency to promote their disposal.
(Note 1) For details about the “Results of inspections of government assets in fiscal 2022,”refer to Table 32.
(Note 2) Table 33 shows results of the “Actual Conditions of Non-Administrative Assets
under the Jurisdiction of Each Ministry or Agency (Unused National Lands) in
fiscal 2022.”(Note 3) For details about the results of inspections conducted in fiscal 2022, refer to thewebsite of the Ministry of Finance.
- Results of inspections of government assets in fiscal 2022 (URL:
https://www.mof.go.jp/policy/national_property/summary/result/fy2022/index.ht
ml)- Actual Conditions of non-administrative assets under the jurisdiction of eachministry or agency (unused national land) in fiscal 2022 (URL:
https://www.mof.go.jp/policy/national_property/summary/property_audit/utilize
d_by_ministry/fy2022/index.html)

31

IX Provision of Information on Government Assets
From the standpoint of revealing the nation’s financial stocks to the public, the governmenthas been providing information on land and other government assets by announcing reports
based on laws and issuing various publications. The government intends to actively discloseand communicate information on government assets and endeavors to enhance the content of
information to be provided and improve the user convenience of the website of the Ministryof Finance.
Table 34 shows a list of government asset-related information made available.
1. Reports Based on Laws
Every fiscal year, the government submits to the Diet the statements of changes in the valueof government assets, their current total value, and the current state of the total value ofgovernment assets provided free of charge under the provisions of Article 34 and 37 of the
National Government Asset Act after having them audited by the Board of Audit.
The government also submits its reports on the current value of government assets and theestimated current value of expected government assets as reference materials to the Diet under
the provision of Article 28 of the Public Finance Act and reports to the Diet the current valueof government assets under the provision of Article 46 of the said Act.
2. Provision of Information(1) The government has included subjects concerning government assets on the website of the
Ministry of Finance (URL: https://www.mof.go.jp/policy/national_property/) to present
the “Government Asset Report” containing updates on government asset administration
as well as various statistical documents showing the current values of government assets,“Report to the Diet on Government Asset,” and “Laws, Regulations, and Circulars
Relating to Government Asset.”Moreover, “Sale of Government Assets” is linked to the websites of local financebureaus all over Japan to provide information on bidding for government assets and selloff results.
(2) Government Asset Information Disclosure System (URL: https://www.kokuyuzaisan.
mof.go.jp/info/) shows information on government assets with three categories: 1)
Purchase, 2) Search and 3) Lease.
In addition, subscription for the “E-mail Newsletter on Government Asset
Information”, which distributes in a timely manner the information on government assets,is accepted on this page.
1) Purchase of government assets

32This section provides linked URLs of pages where information on the government
assets offered for sale by local finance bureaus in Japan is available.
2) Search of government assets
This section shows legal restrictions concerning zoning and floor-to-area ratios,
map data and other information in addition to the location, size, and price registeredon the register, with regard to each item of government assets that exist across thecountry.
3) Lease of government assets
This section provides linked URLs of pages where information on the government
assets available for fixed-term land lease for business purposes and tentative use (bytemporary lease) by competent local finance bureaus.

33

X Effective Use of Unused National Land and the Sell-Off of Government
Assets with Rights
1. Current Status (acceptance, ownership, sell-off) of Unused National Land andGovernment Assets with Rights(1) Unused national land holdings
As of the end of fiscal 2022, the number of unused national land lots stood at 2,695 andtheir total value based on registered prices stood at 528.3 billion yen.
The results of disposal of unused national land are available on the Ministry of Finance’s website (URL: https://www.mof.go.jp/policy/national_property/summary/property_a
udit/non_utilized_land/fy2022/index.html), etc.
(Note 1) Table 35 shows the results of disposal of unused national land, and Table 36
shows unused national land owned by the government as of the end of fiscal 2022.
(Note 2) Table 37 shows changes in the acceptance of real estate as payment in kind (land)since fiscal 2013.
(2) Current Status of Unused National Land and Government Assets with Rights
Table 38 shows the bid results for unused national land up to fiscal 2022. In fiscal 2022,
485 lots of land were sent out for general competitive bidding, and 202 of them weresuccessfully bid and contracts were concluded.
See Table 39 regarding the status of sell-offs of government assets with rights, such as
those involving land leaseholders.
2. Introduction of Various Disposal Methods
The Ministry decided to help improve the nation's fiscal condition by selling unused
national land and coordinate with local governments to promote effective use of such land inaccordance with local and social needs. The Ministry is taking steps to diversify managementand disposal methods to have a wide range of choices depending on the characteristics of theland. Table 40 shows the measures taken by the Ministry in the past.
(1) Disposal method of unused national land
A. In fiscal 2002, with regard to real estate as payment in kind (land) sent out for generalcompetitive bidding as unused national land, the Ministry introduced the system ofbidding which discloses the minimum sale price (expected price) in order to further
promote disposal. This system was implemented with the purpose of securing non-tax
revenues.

34

Also, in November 2012, with a view to reserving resources for recovery from thedisaster of the Great East Japan Earthquake and promote administrative reform, it was
decided to make further efforts to promote the sell-off of land by reforming the system
which discloses the lowest sell-off price (predetermined price) with regard to all realestates including real estate as payment in kind (land).
Following the report published in June 2019 by the Government Asset Subcommitteeof the Fiscal System Council, the national government reserves ownership for scarcenational land with high utility and leases out such land under fixed-term leasehold,thereby ensuring its optimal use, in order to meet the needs of communities while
preparing for the demand for administrative use by future generations. As of the end of
September 2023, 62 plots of such land were selected as assets under reservedownership.
B. In fiscal 2002, the Ministry adopted a method of trust-type disposal of those national
land lots which are difficult to sell in the present form by adding value thoroughsubdivision and development as well as by providing access to basic utilities. Table 41shows the actual results of these measures.
C. In addition to these bidding systems, in order to reflect the city planning ability, theMinistry implemented the first district planning utilization general competitive bidding
in fiscal 2001 and adopted the two-stage general competitive bidding in fiscal 2008.
(Note 1) District planning utilization general competitive bidding is generalcompetitive bidding that occurs after consultation with local governments thathave decided on district plans or other urban planning targeting a certain area,
including national lands.
Since before, the Ministry has conducted general competitive bidding
through discussion with local governments utilizing district plans. Suchexamples include a former Police Academy site in Tokyo’s Nakano Ward.
(Note 2) Two-stage general competitive bidding is general competitive bidding that
requires each would-be bidder to submit a land-use proposal whose content
meets certain standards before bidding.
In the Futaba no Sato area in Hiroshima City of Hiroshima Prefecture, thelocal finance bureau took the lead to establish a committee together with local
governments and set development conditions for the purpose of achieving a
range of effects such as improving asset values and revitalizing regional
economies. They conduct two-stage general competitive bidding.

(2) Disposal methods of government assets with rights

35

The Ministry disposed government assets with rights by recommending transactions to therights holders. In addition, it adopted new disposal methods including the exchange ofleasehold and the ownership of residential land with leasehold in fiscal 2006 andsimultaneous selling off of the government assets with the rights holders to third parties infiscal 2008.
In fiscal 2009, the Ministry introduced a management disposal-type trust to mainly realestate properties with leasehold in lieu of monetary payment properties, in which the trustee
sells off residential land with leasehold while keeping the property with rights in custody.
(3) Use of a lease system using fixed-term leasehold
If properties subject to fixed-term leasehold were provided as payment in kind or vested in
the national treasury, the treatment of these properties was prescribed by laws and regulations.
In 2010, a lease system using fixed-term leasehold on unused national land was introduced,
and since then, the scope of facilities eligible for the lease has been expanded, including thedevelopment of childcare and nursing care facilities.
A. Lease using fixed-term leasehold in the field of social welfare
In August 2010, from the viewpoint of promoting effective use of government assets
to meet local and social needs, the Ministry introduced a lease system for local
governments that use the fixed-term lease system in order for active use of unused
national land in the field of social welfare, such as childcare and nursing services.
After introducing the above system, the Ministry amplified the improvement offacilities for local medical services such as emergency medical care, and direct leasefor social welfare corporations so as to further promote effective use.
The Ministry made it possible to lease out those government assets selected asassets under reserved ownership to public facilities, public-private combined facilities,
and private-sector facilities, without limiting purposes of use to childcare and nursing
care, with a view to meeting the diversifying needs of communities and society, while
making it a principle to assign these assets first to official or public use.
With regard to assets other than those under reserved ownership, the Ministry madeit possible to lease them out to combined facilities some of which are used forchildcare or nursing care, so as to further promote the development of childcare andnursing care facilities.
(Note 1) By the end of fiscal 2022, the Ministry has entered into agreements withmultiple local governments to lease 144 national land lots to be used, forinstance, in the field of social welfare, including childcare centers, using
fixed-term leasehold (see (A) in Table 42).
(Note 2) Except for lease using fixed-term leasehold, during the period from August2010 to the end of fiscal 2022, the Ministry has entered into agreements tosell out 200 national land lots for the purpose of developing social welfare36facilities as the initiative to make use of national land in the field of social
welfare.
(Reference)
In order to realize the goal of reducing the number of workers leaving the longterm care industry to zero, it has been decided that the development of long-termcare facilities will be promoted by making further use of national land through the
reduction of rents and other means in urban areas where it is difficult to securenecessary land (Urgent Policies to Realize a Society in Which All Citizens are
Dynamically Engaged [November 26, 2015]).
In response, in order to accelerate the development of long-term care facilities inurban areas, the Ministry of Finance intends to make further use of national land bylending land at reduced rents (reduction of up to 50% for a period of 10 years fromthe start of the lease) through the fixed-term land lease arrangement, as shown
below.
Effective period: Lending agreements entered into through the fixed-term landlease arrangement in which a lessee is determined between
January 1, 2016 and March 31, 2026
Covered areas:
Tokyo, Kanagawa, Saitama, Chiba, Aichi, Osaka, Hyogo andFukuoka Prefectures
Covered facilities: Special nursing homes for elderly people and long-term carefacilities for visitors built alongside them.
B. Lease using fixed-term leasehold in fields other than the field of social welfareWith a view to reserving non-tax revenues and alleviating management costs, a leasesystem based on fixed-term leasehold for properties which are difficult to sell off andremain unsold was established in March 2012.
(Note) By the end of fiscal 2022, the Ministry has entered into agreements to leasefour national land lots as the initiative to make use of national land in fields
other than the field of social welfare, using fixed-term leasehold (see (B) in
Table 42).
(4) Other
In June 2021, with regard to assets that were sent out for general competitive
biddings but remained unsold, a system was introduced so that the preferential
measures can be fully applied without modification as prescribed in the National
Government Asset Act (*), thereby promoting the public use of these assets by local
governments at lower management costs, and contributing to the respective regions.
(*) The National Government Asset Act provides that the national government may
apply preferential measures (e.g., beneficial transfer, lease with no charge) whenselling off national government assets to local governments for certain purposes37such as using them for public facilities. However, since 1972, in considerationof the severe national fiscal situation, the national government has adopted thepolicy of not applying the preferential measures to all or part of the areas ofthese assets to be sold off (modification of the preferential measures).

38

XI Sale of Government-Owned Stocks
1. NTT Stocks
The Nippon Telegraph and Telephone Corporation (hereinafter referred to as “NTT”) wasestablished in April 1985 in accordance with the Nippon Telegraph and Telephone Corp. Act(revised in June 1997 as the Act Concerning Nippon Telegraph and Telephone Corporation,etc. (Act No.85 of 1984); hereinafter referred to as the "NTT Act"). The Act placed the nowdefunct Nippon Telegraph and Telephone Public Corporation under private management, withthe government holding all 15.6 million shares of NTT (with a capital of 780 billion yen and aface value of 50,000 yen).
With the government required to hold at least one-third of NTT's shares under the NTT Act,
one-third (5.2 million shares) of the NTT shares were assigned to the FILP Special AccountInvestment Account(*1), while the remaining two-thirds of the shares (10.4 million shares)
were assigned to the National Debt Consolidation Fund Special Account, and proceeds fromsale of the shares were to be used to redeem government bonds.
NTT shares belonging to the National Debt Consolidation Fund Special Account were soldas follows: 1.95 million shares each in fiscal 1986 and fiscal 1987, 1.5 million shares in fiscal
1988, 1 million shares in each of fiscal 1998, fiscal 1999 and fiscal 2000, 91,800 shares infiscal 2002, 85,157 shares in fiscal 2003, 800,000 shares in fiscal 2004, and 1,123,043 sharesin fiscal 2005. As a result, all NTT shares in this Special Account were sold.
The government sold NTT shares belonging to the FILP Special Account Investment
Account in response to NTT’s repurchase of its own shares in July 2011, as the government
had come to own 57,513,644 shares more than the government had been obliged to holdbecause of NTT's cancellation of its own shares in November 2010. The government also soldNTT shares when it held more shares than it was obliged to hold.
The government sold NTT shares in response to NTT's repurchase of its own shares in
February 2012, as the government had come to own 41,820,655 shares more than thegovernment had been obliged to hold because of NTT's cancellation of its own shares in
November 2011.
The government sold NTT shares in response to NTT's repurchase of its own shares inMarch and November 2014, as the government had come to own 62,166,721 shares more than
the government had been obliged to hold because of NTT's cancellation of its own shares in
November 2013.
The government sold NTT shares in response to NTT's repurchase of its own shares in June
2016, as the government had come to own 59,000,043 shares more than the government had
been obliged to hold because of NTT's cancellation of its own shares in November 2015.
The government sold NTT shares in response to NTT's repurchase of its own shares in
September 2019, as the government had come to own 48,666,710 shares more than the39

government had been obliged to hold because of NTT's cancellation of its own shares in
September 2018.
The government sold NTT shares in response to NTT's repurchase of its own shares in
September 2022, as the government had come to own 92,925,448 shares more than thegovernment had been obliged to hold because of NTT's cancellation of its own shares in
November 2021.
As a result, the Special Account currently holds 29,183,440,000 shares (see Table 43).
*1) NTT shares had belonged to the Industrial Investment Special Account before. In fiscal
2008, however, the Industrial Investment Special Account became the FILP Special
Account Investment Account under the Act on Special Accounts (Act No. 23 of 2007).
*2) NTT has been splitting its shares (one share into 1.02 shares in November 1995; one
share into 100 shares in January 2009; one share into two shares in July 2015; one shareinto two shares in January 2020, and one share into 25 shares in July 2023).
2. JT Stocks
Japan Tobacco Inc. (hereinafter referred to as “JT”) was established in April 1985 under theJapan Tobacco Inc. Act (Act No.69 of 1984) (hereinafter referred to as the “JT Act”), placing
the now-defunct Japan Monopoly Corporation under private management. At the same time,
all of the outstanding 2 million shares of JT (with a capital of 100 billion yen and a face valueof 50,000 yen) came to be held by the government.
Initially, the JT Act required the government to hold at least one-half of the total number ofshares as of the date of establishment of JT, and more than one-third of all shares issued.
Because of this provision, one-half of the total number of shares as of the date ofestablishment of JT were assigned to the FILP Special Account Investment Account (1 million
shares), while the remaining one-half (1 million shares) were assigned to the National Debt
Consolidation Fund Special Account, and proceeds from sale of the shares were to be used toredeem government bonds.
Since the government was required a transitional measure (under Article 18 ofSupplementary Provisions of the JT Act) to hold at least two-thirds of the shares issued when
JT was established, the government sold 394,276 shares in fiscal 1994 and 272,390 shares infiscal 1996, each belonging to the National Debt Consolidation Fund Special Account (thiscompleted the sale of one-third of outstanding shares, which were the shares available for salethen). Subsequently, in April 2002, the JT Act was partially revised and the abovementioned
transitional measure was abolished.
As a result, 333,334 shares became newly available for sale, and the government sold
44,000 shares in fiscal 2003 and 289,334 shares in fiscal 2004 (this completed the sale of halfof the outstanding shares, which were the shares available for sale then).
In December 2011, by the enforcement of the Act on Special Measures concerning the
Securing of Financial Resources to Execute Measures Necessary for Recovery from the Great40

East Japan Earthquake (Act No.117 of 2011) (including the revision of the JT Act), thegovernment was required to hold more than one-third of the total number of shares issued.
Furthermore, out of 5 million shares belonging to the FILP Special Account Investment
Account (one share split into five shares in April 2006), 1,666,666 shares were transferred to
the National Debt Consolidation Fund Special Account, and proceeds from sale of the shareswere to be applied to the resources for the redemption of reconstruction bonds.As to theshares belonging to the National Debt Consolidation Fund Special Account, the government
sold 333,333,200 shares (one share split into 200 shares in July 2012) in fiscal 2012 (thiscompleted the sale of shares other than those exceeding one-third of outstanding shares,
which were the shares available for sale then).
Because of a share split (one share split into 200 shares in July 2012) after the transfer, thenumber of shares belonging to the FILP Special Account Investment Account is 666,666,800(See Table 44).
3. JP Holdings Stocks
In January 2006, Japan Post Corporation established Japan Post Holdings Co., Ltd.
(hereinafter referred to as “JP Holdings”) under the Postal Service Privatization Act (Act No.
97 of 2005). As the same time, all of the 6 million issued shares of JP Holdings (with a capitalof 300 billion yen) came to be held by the government.
Subsequently, when Japan Post Corporation was dissolved in October 2007, thegovernment acquired all of the 144 million issued shares of JP Holdings, which weredelivered as a result of JP Holdings taking over the assets and liabilities of Japan Post
Corporation.
Under the Postal Service Privatization Act, the government is obliged to hold more than
one-third of the total number of issued shares of JP Holdings. Accordingly, the sharesacquired at the time of the establishment of JP Holdings and one-third of the sharestransferred in October 2007, which add up to 54 million shares and account for 36% of thetotal, were assigned to the general account. The remaining shares (96 million shares or 64% of
the total) were assigned to the National Debt Consolidation Fund Special Account, andproceeds from sale of the shares were to be used to redeem government bonds.
The Act on Special Measures concerning the Securing of Financial Resources to Execute
Measures Necessary for Recovery from the Great East Japan Earthquake, which came into
force in December 2011, provides that the government shall dispose of JP Holdings shares as
early as possible in order to secure non-tax revenue as financial resources to redeem debt
issued to fund reconstruction. Furthermore, in January 2013, the Reconstruction Promotion
Council decided to include approximately 4 trillion yen of proceeds from the sale of JP
Holdings shares in the scope of financial resources for reconstruction. Accordingly, proceedsfrom sale of the shares were to be applied to the resources for the redemption ofreconstruction bonds.

41

As a result of a share split in August 2015 (one share into 30 shares), the number of JP
Holdings shares belonging to the general account became 1.62 billion and those belonging to
the National Debt Consolidation Fund Special Account became 2.88 billion.
Among the JP Holdings shares belonging to the National Debt Consolidation Fund Special
Account, the government sold 495 million shares in November 2015, and further sold
382,901,700 shares in response to JP Holdings’ repurchase of its own shares in December ofthe same year.
In April 2016, pursuant to the provisions of the Act on Special Measures concerning the
Securing of Financial Resources to Execute Measures Necessary for Recovery from the Great
East Japan Earthquake, 119,999,900 shares belonging to the general account were transferredwithout consideration from that account to the National Debt Consolidation Fund Special
Account, equivalent to a number more than is necessary in order to hold more than one-thirdof the total number of shares of JP Holdings.
Among the JP Holdings shares belonging to the National Debt Consolidation Fund Special
Account, the government sold 72,474,500 shares in response to JP Holdings’ repurchase of its
own shares on September 13, 2017, and further sold 990,099,100 shares on September 29 of
the same year.
Among the JP Holdings shares belonging to the National Debt Consolidation Fund Special
Account, the government sold 276,090,500 shares in response to JP Holdings’ repurchase of
its own shares on June 11, 2021. As a result of JP Holding's cancellation of its own
732,129,771 shares on June 30, the government came to own 244,043,300 shares more than it
had been obliged to hold in the general account. Therefore, the government transferred theseshares to the National Debt Consolidation Fund Special Account without consideration.
Among the JP Holdings shares belonging to the National Debt Consolidation Fund Special
Account, the government sold 1,027,477,400 shares in October 2021.
As a result of JP Holding's cancellation of its own 110,072,529 shares in May 2022, thegovernment came to own 36,690,800 shares more than it had been obliged to hold in thegeneral account. Therefore, the government transferred these shares to the National Debt
Consolidation Fund Special Account without consideration.
As a result of JP Holding's cancellation of its own 196,748,200 shares in April 2023, thegovernment came to own 65,582,800 shares more than it had been obliged to hold in thegeneral account. Therefore, the government transferred these shares to the National Debt
Consolidation Fund Special Account without consideration.
Among the JP Holdings shares belonging to the National Debt Consolidation Fund Special
Account, the government sold 102,273,600 shares in response to JP Holdings’ repurchase of
its own shares on August 15, 2023.
As a result, the number of shares belonging to the general account now stands at
1,153,683,200 (see Table 45).
4. Japan Alcohol Corporation Stocks

42

In April 2006, the Japan Alcohol Corporation Act (Act No.32 of 2005) (hereinafter called
the "J.alco Act") privatized the Alcohol Enterprise Head Office of the New Energy andIndustrial Development Organization and established the Japan Alcohol Corporation(hereinafter referred to as “J.alco”). The government held all 60,000 of the company's issued
stocks (with a capital of 3 billion yen).
The J.alco Act did not require the government to hold J.alco stocks. Meanwhile, the Basic
Plan on Reducing and Rationalizing National Administrative Organizations (passed by
Cabinet resolution in April 1999) required the government to begin selling its shares within
two years of the company's establishment, with the aim of selling all shares as quickly as
possible. Accordingly, after discussion and report by the Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System Council in November 2006, the government soldtwo-thirds of the total issued stock (39,999 shares) through general competitive bidding inMarch 2008 (See Table 46).
5. NACCS Center stocks
In October 2008, the Act on Processing, etc. of Business Related to Import and Export by
Means of Electronic Data Processing System (Act No. 54 of 1977) (hereinafter referred to as
the "NACCS Act") reorganized the Nippon Automated Cargo Clearance System Operations
Organization (an incorporated administrative agency) into a special stock company, Nippon
Automated Cargo and Port Consolidated System, Inc. (hereinafter referred to as the "NACCS
Center"). The government held all of the company's issued shares (10,000 shares; with acapital of one billion yen).
The NACCS Act requires the government to hold the majority of voting rights of all the
NACCS Center's shareholders, while selling all the other shares as quickly as possible after
the Act comes into effect. Accordingly, after discussion and report by the Stock Subgroup of
the Government Asset Subcommittee of the Fiscal System Council in February 2015, thegovernment sold all the issued shares of the company except for those subject to therequirement of shareholding by the government (the number of shares sold: 4,999) throughgeneral competitive bidding in March 2016 (See Table 47).

43

T A B L E S
付

表

44

CONTENTS OF TABLES
付 表 の 目 次

Table 1

Scope of Government Assets .......................................................... 50（第１表

国有財産の範囲）

Table 2Current Value of Government Assets by Category as of the End of FY2022(As of March 31, 2023) .................................................................... 51（第２表

令和4年度末国有財産区分別現在額（令和5年3月31日現在））

Table 3Current Conditions of Administrative Assets (Land)(As of March 31, 2023) .................................................................... 53（第３表

行政財産（土地）の現況（令和5年3月31日現在））

Table 4Current Conditions of Non-administrative Assets (Land)(As of March 31, 2023) .................................................................... 54（第４表

普通財産（土地）の現況（令和5年3月31日現在））

Table 5Current Value of Government Investment (As of March 31, 2023) ............... 55（第５表

政府出資現在額（令和5年3月31日現在））

Table 6

Current Value of Government Assets by Account, by Classification, and by Type(As of March 31, 2023) .................................................................... 56（第６表

国有財産会計別・分類別・種類別現在額（令和5年3月31日現在））

Table 7

Current Value of Government Assets by Classification and by Category(As of March 31, 2023) .................................................................... 58（第７表

国有財産分類別・区分別現在額（令和5年3月31日現在））

Table 8Current Value of Government Assets by Classification and by Jurisdiction(As of March 31, 2023) .................................................................... 59（第８表

国有財産分類別・所管別現在額（令和5年3月31日現在））

Table 9Changes in the Value of Government Assets by Category(FY2022) ..................................................................................... 60（第９表

国有財産区分別増減額（令和4年度））

45

Table 10

Changes in the Value of Government Assets by Category (FY2022)(Excepting changes by price revision) .................................................. 61（第10表

国有財産区分別増減額（令和4年度）（価格改定による増減額を除いたもの））

Table 11

Changes in the Value of Government Assets by Category (FY2022)(Changes by price revision) ............................................................... 62（第11表

国有財産区分別増減額（令和4年度）（価格改定によるもの））

Table 12

Changes in the Value of Government Assets by Account (FY2022) .............. 63（第12表

国有財産会計別増減額 (令和4年度)）

Table 13

Changes in the Value of Government Assets by Account (FY2022)(Excepting changes by price revision) .................................................. 64（第13表

国有財産会計別増減額 (令和4年度)（価格改定による増減額を除いたもの））

Table 14

Changes in the Value of Government Assets by Classification and by Type(FY2022) ..................................................................................... 65（第14表

国有財産分類別・種類別増減額 (令和4年度)）

Table 15

Changes in the Value of Government Assets by Classification and by Type(FY2022) (Excepting changes by price revision) ..................................... 66（第15表

国有財産分類別・種類別増減額 (令和4年度)（価格改定による増減額を除いたもの））

Table 16

Changes in the Value of Government Assets by Jurisdiction (FY2022) .......... 67（第16表

国有財産所管別増減額 (令和4年度)）

Table 17

Changes in the Value of Government Assets by Jurisdiction (FY2022)(Excepting changes by price revision) .................................................. 68（第17表

国有財産所管別増減額 (令和4年度)（価格改定による増減額を除いたもの））

Table 18

Changes in the Value of Government Assets (FY2022) ............................. 69（第18表

国有財産増減状況（令和4年度））

46

Table 19

Results of the Value Revision in the Government Asset Register(As of March 31, 2023) ..................................................................... 70（第19表

国有財産台帳価格改定結果（令和5年3月31日現在））

Table 20

Trend of the Value of Government Assets in the Last Five Years.................. 71（第20表

最近5か年間の国有財産の推移）

Table 21

Trend of the Value of Government Investment, etc. in the Last Five Years ..... 73（第21表

最近5か年間の政府出資等の推移）

Table 22

Changes in the Value and Current Value of Non-administrative Assets belonging
to General Account under the Jurisdiction of the Ministry of Finance(As of March 31, 2023) .................................................................... 74（第22表

財務省所管一般会計所属普通財産増減額及び現在額（令和5年3月31日現在））

Table 23

Changes in the Value of Non-administrative Assets belonging to General Accountunder the Jurisdiction of the Ministry of Finance(FY2022) (Excepting changes by price revision) ..................................... 75（第23表

財務省所管一般会計所属普通財産増減額（令和4年度）(価格改定による増減額を除いたもの））

Table 24

Changes in the Value of Non-administrative Assets belonging to General Accountunder the Jurisdiction of the Ministry of Finance(FY2022) (Changes by price revision) .................................................. 76（第24表

財務省所管一般会計所属普通財産増減額（令和4年度）(価格改定によるもの））

Table 25

Changes in the Value of Non-administrative Assets belonging to General Accountunder the Jurisdiction of the Ministry of Finance (FY2022) ....................... 77（第25表

財務省所管一般会計所属普通財産異動状況（令和4年度））

Table 26

Disposal of Non-administrative Assets belonging to General Account under theJurisdiction of the Ministry of Finance (FY2022) .................................... 78（第26表

財務省所管一般会計所属普通財産処分等実績（令和4年度））

Table 27

Trend of Unused National Land .......................................................... 79（第27表

未利用国有地の推移）

47

Table 28

Status of Transfers of Securities Transferred as Payment in Kind, etc. and Their
Current Value as of the End of the Fiscal Year (As of March 31, 2023) ......... 80（第28表

物納等有価証券の異動状況及び年度末現在額（令和5年3月31日現在））

Table 29
（第29表

Trend of Revenue from the Sale of Government Assets (Local Finance Bureau).................................................................................................. 81
国有財産売払収入の推移（財務局分））

Table 30

Trend of Revenue from the Sale of Government Assets ............................. 82（第30表

国有財産売払収入の推移）

Table 31

Past Meetings held by the Fiscal System Council (Government Asset
Subcommittee) .............................................................................. 83（第31表

財政制度等審議会（国有財産分科会)の開催状況）

Table 32

Results of the Inspections of Government Assets in FY2022(Matters pointed out) ..................................................................... 90（第32表

令和4年度監査結果（指摘内容別））

Table 33

Current Status of Non-Administrative Assets under the Jurisdiction of
Ministries and Agencies (Unused National Land) in FY2022 ....................... 91（第33表

令和4年度各省各庁所管普通財産（未利用国有地）の状況）

Table 34

Current Conditions Regarding the Disclosure of Information on Government
Assets .......................................................................................... 92（第34表

国有財産に関する情報提供の現状）

Table 35

Results of Disposal, etc. of Unused National Land ................................... 94（第35表

未利用国有地の処分等結果）

Table 36
（第36表

The Sum of Each Item of Unused National Land Held by Government ......... 95
未利用国有地の保有件数等の内訳）

Table 37

Current Conditions of Acceptance of Property (Land) Transferred as Payment
in Kind ....................................................................................... 96
物納不動産（土地）の引受状況の推移）

（第37表

48

Table 38（第38表

Bid Results for Unused National Land (General Account) ......................... 98
未利用国有地の入札実施状況（一般会計））

Table 39
（第39表

Status of the Sell-off of Government Assets with Rights (Land) ................. 100
権利付財産の売却状況（土地））Table 40
（第40表

Measures Previously Taken to Diversify the Methods of Managed Disposal .. 102
これまでの管理処分手法の多様化等の取組み）

Table 41
（第41表

Number of Land Trusts Established ................................................... 104
土地信託の実施件数）

Table 42
（第42表

Number of national land lots leased using fixed-term leasehold .................. 105
定期借地権を利用した貸付件数）

Table 43
（第43表

The History and Structure of NTT Stock Held by the Government ............. 106
ＮＴＴ株式の概況）

Table 44
（第44表

The History and Structure of JT Stock Held by the Government................ 107
ＪＴ株式の概況）

Table 45
（第45表

The History and Structure of JP Holdings Stock Held by the Government .... 108
日本郵政株式の概況）

Table 46

The History and Structure of Japan Alcohol Corporation Stock Held by theGovernment ................................................................................ 109
日本アルコール産業株式の概況）（第46表

Table 47 The History and Structure of NACCS Center Stock Held by the Government ..110（第47表 ＮＡＣＣＳセンター株式の概況）

49

Table 1 Scope of Government Assets(1) Government assets stipulated in Article 2 of the National Government Asset Act
Real estate(2) Things firmly affixed to land (buildings, trees and bamboo, etc.)

Properties
MovablesUsufructGovernment
AssetsIntellectual
property right
Propertyrights(1) Land

Securities, etc.
(excluding those
owned temporarily
by the government
for the purpose offinancial asset
management offunds and reserves
or for similar
purposes)(1) Vessels, buoys, floating bridges, floating docks, aircraft(2) Appurtenances of real estate and the movables listed in (1)(elevator machines, air conditioners, etc.)(1) Superficies(2) Easement(3) Mining right(4) Rights ancillary to the above (quarrying rights, etc.)(1) Patent right(2) Copyright(3) Trademark right(4) Utility model right(5) Rights ancillary to the above (design right, etc.)(1) Stocks(2) Subscription warrant(3) Corporate bonds (including rights that should be indicated on securities under
special acts but excluding short-term corporate bonds, etc.)(4) Municipal bonds(5) Trust beneficiary rights(6) Rights ancillary to the above(7) Government financing shares* (5) Trust beneficiary rights include real estate trust beneficiary rights established under Article 28-2 of the Government
Asset Act.
(2) Government assets as defined under Article 4 of Supplementary Provisions of the National Government Asset Act
Machinery and important equipment formerly under the jurisdiction of the former Army, Navy and Supply Ministries

50

Table 2

Current Value of Government Assets by Category
as of the End of FY2022(As of March 31, 2023) (Unit: 100 million yen)

Category
Land

VolumeUnit
thousand m2

VolumeValue

87,563,617

Trees and bamboo
Buildings

199,816
39,562

thousand m2(total)58,796Structures

33,90425,197

Machinery and equipment

0

Vessels

vessels

2,342

16,075

Aircraftaircraft

1,570

10,411Superficies, etc.

thousand m2

3,230

32

Patent rights, etc.

thousand cases

1,906

11

Government investment, etc.
Real estate trust beneficiary rights

988,724
cases

2

Total

4,612
1,318,347(Note) 1. Public property is not included, such as roads, rivers and beach sites, except parks and open spaces.
2. Since figures are rounded down to the nearest unit, they do not always correspond to total figures.

51

Table 2 Reference(Unit: 100 million yen)
Real estate trust
beneficiary rights
4,612

Land
199,816

Trees and bamboo
39,562

Buildings
33,904Structures
25,197
Machineryand equipment
0
Vessels
16,075Government investment, etc.
988,724

Aircraft
10,411Superficies, etc.
32
Patent rights, etc.
1152

Table 3

Current Conditions of Administrative Assets (Land)(As of March 31, 2023)

Category

VolumeComponent ratio(Unit: thousand m2, 100 million yen, %)Value

Component ratio

1,202,363

1.4

123,785

83.5

Under the jurisdiction of the Ministry of
Defense1,013,093

1.2

42,77828.9

Under the jurisdiction of the Ministry ofLand, Infrastructure, Transport andTourism

89,8660.1

15,845

10.7

Public property

136,945

0.2

6,804

4.6

Imperial property

19,055

0.0

7,124

4.8

Forest management property

85,307,077

98.4

10,5197.1

Total

86,665,441

100.0

148,233

100.0

Official property(Note) Since figures for the volume and value are rounded down to the nearest unit and figures for thecomponent ratio are rounded off to the nearest unit, they do not always correspond to total figures.

53

Table 4

Current Conditions of Non-administrative Assets (Land)(Unit: thousand m2, 100 million yen, %)(As of March 31, 2023)

Category

VolumeComponent
ratio

Component
ratio

Value

Property belonging to General Account896,25399.8

50,99298.9

Property provided to US armed
forces68,566

7.6

20,85940.4

Property on lease to local
governments, etc.

89,66510.0

20,85840.4

Market-value lease

15,175

1.7

4,828

9.4

Free lease

71,314

7.9

14,57828.3

Discount lease

3,175

0.4

1,452

2.8

Unused national land

9,208

1.0

5,283

10.2

Others (Forest, wilderness, etc.)

728,812

81.1

3,990

7.7

Property belonging to Special
Accounts

1,922

0.2

590

1.1

Total

898,176

100.0

51,582100.0(Note) Since figures for the volume and value are rounded down to the nearest unit and figures for thecomponent ratio are rounded off to the nearest unit, they do not always correspond to total figures.

54

Table 5 Current Value of Government Investment(As of March 31, 2023) (Unit: 100 million yen)
Government corporation

Number ofcorporations

Government asset register prices
General accountSpecial account

Total

Financial institutions

2

1,576

127

1,703

National institutes, etc.

912,80050,67063,471

Incorporated
administrative agencies

83

332,116

38,211

370,328

National universities

82

78,908-78,908Inter-University ResearchInstitute Corporations

4

3,250

-

3,250

Special corporations, etc.

30

169,250

168,645

337,896

11

69,53857,032

126,570

4

91

-

91

225

667,533

314,687

982,221

Internationalorganizations
Corporations inliquidation
Total(Note)

1. It is standard procedure to conduct fiscal year-end evaluations of the stocks and subscription certificates of
the corporations concerned, namely market price-based evaluations for those that have market prices or
evaluations based on net assets or gross assets minus gross liabilities for those that do not have market prices(government asset register prices).
2. Financial institutions … Okinawa Development Finance Corporation and Bank of Japan.
3. National institutes, etc. … Promotion and Mutual Aid Corporation for Private Schools of Japan andeight others
4. Incorporated administrative agencies … National Archives of Japan and 82 others
5. National universities … Hokkaido university and 81 others
6. Inter-University Research Institute Corporations … National Institutes for the Humanities and three others
7. Special companies … NIPPON TELEGRAPH AND TELEPHONE CORPORATION and
29 other limited companies
8. International organizations … International Monetary Fund and 10 others
9. Corporations in liquidation … Nippon Steel Corporation, and other company in liquidation; South Seas
Development Corporation and other closed organization
10. Since figures are rounded down to the nearest unit, they do not always correspond to total figures.

55

Table 6

Current Value of Government Assets by Account, by Classification, and by Type (As of March 31, 2023)(Unit : 100 million yen, %)Classification/Type(General account)

Land
VolumeBuildings
Value

Volumethousand m2

Others
Value

Value

Total

Of which

Component
ratio

Value

thousand m2 (total)

Administrative assets

86,590,868

135,116

46,67927,71978,067 Trees and bamboo

39,323240,904

24.8

Official property

1,127,790

110,668

45,83827,01338,235 Vessels

16,028

175,917

18.1

Public property

136,945

6,804

621

578

794 Structures

635

8,177

0.8

Imperial property

19,055

7,124

219

127

137 Structures

120

7,388

0.8

85,307,077

10,519--38,900 Trees and bamboo

38,34949,4205.1

896,253

50,992

9,757

4,696

675,296 Government investment, etc.

667,603730,98475.2

87,487,122

186,10956,43632,415753,364

971,888

100.0

Administrative assets

74,573

13,117

2,225

1,469

10,136 Structures

9,975

24,723

7.1

Official property

74,573

13,117

2,225

1,469

10,136 Structures

9,975

24,723

7.1

Public property

-

-

-

-

-

-

-

-

Imperial property

-

-

-

-

-

-

-

-

Forest management property

-

-

-

-

-

-

-

-

1,922

590

134

18

321,120

321,735

92.9

76,495

13,707

2,359

1,488

331,263

346,459

100.0

Administrative assets

86,665,441

148,233

48,90529,18988,204 Trees and bamboo

39,381

265,627

20.1

Official property

1,202,363

123,785

48,06428,483

48,371 Structures

20,986200,640

15.2

Public property

136,945

6,804

621

578

794 Structures

635

8,177

0.6

Imperial property

19,055

7,124

219

127

137 Structures

120

7,388

0.6

85,307,077

10,519--38,900 Trees and bamboo

38,34949,4203.7

898,176

51,582

9,891

4,714

996,423 Government investment, etc.

988,724

1,052,720

79.9

87,563,617

199,816

58,79633,904

1,318,347

100.0

Forest management property
Non-administrative assets
Total(Special account)Non-administrative assets
Total

321,126 Government investment, etc.

(Total)Forest management property
Non-administrative assets
Total

1,084,627(Note) 1. The ratios of total general account and total special account are 73.7% and 26.3% respectively.
2. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc. and real estate trust beneficiary rights.
3. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

56

Table 6 (Reference) Current value of Government Assets by Classification and by Type (As of March 31, 2023)
1. By classification and type

Administrative assets
265,627(20.1%)
Official property
200,640(15.2%)
Public property
8,177(0.6%)

Non-administrative
assets
1,052,720(79.9%)

Total value ofgovernment
assets(Unit : 100 million yen)

Imperial property
7,388(0.6%)

1,318,347

Forest management property
49,420(3.7%)

2. Administrative assets(3) Imperial property(1) Official property

Others (Governmentbuildings)
71,534(35.7%)

Tokiwamatsu Imperial Residence
206(2.8%)

Defense facilities
80,854(40.3%)

Takanawa Imperial
Family Residence
213(2.9%)
Kyoto Imperial Palace534(7.2%)

Total value of
official property

Oil reserve
facilities
3,779(1.9%)

200,640
Airport facilities
17,917(8.9%)

Court facilities
6,568(3.3%)

Akasaka
Imperial
Estate2,266(30.7%)

Total value ofimperial
property
7,388

Imperialpalace3,898(52.8%)

Diet buildings
12,259(6.1%)

Correctional institutions such as
prisons, detention houses andreformatories 7,726 (3.9%)(4) Forest management property(2) Public property

Others(Kitanomaru Park,
etc.)
2,537
(31.0%)

Outer Gardens of
the Imperial Palace
1,819 (22.2%)

Total value of
public property
8,177

Total value offorestmanagement
property

Shinjuku
Imperial Garden
1,033(12.6%)

49,420National Showa
Kinen Park854
(10.4%)

Tokyo Waterfront Wide Area Disaster Reduction Park
677 (8.3%)

Trees and bamboo
38,349(77.6%)

Kyoto Imperial Garden
771(9.4%)

3. Non-administrative assets(2) Non-administrative assets (land)(1) Total value

Real estate trust
beneficiary rights
4,612(0.4%)
Buildings
4,714(0.4%)

Others3,086(0.3%)

Total value of
non-administrative
assets

Structures551(1.1%)

Land
10,519(21.3%)

Umino-Nakamichi
Seaside Park483 (5.9%)

Land51,582(4.9%)

Imperial tombs locatedin western Osaka47(0.6%)
Others(Imperial tombs locatedin eastern Tokyo, etc.)
220(3.0%)

Non-administrative assets
belonging to special accounts
590(1.1%)

Unused national land
5,283
(10.2%)

1,052,720

Others(Forest, wilderness, etc.)
3,990(7.7%)

Total value of
non-administrative
assets(land)
51,582
Property on lease to
local governments, etc.
20,858(40.4%)

Government investment, etc.
988,724(93.9%)

57

Property
provided to
US armed
forces20,859(40.4%)

Table 7

Current Value of Government Assets byClassification and by Category(As of March 31, 2023)(Unit: 100 million yen, %)Classification/Category

Value

Component ratio

Administrative Assets

265,627

20.1

Land

148,233

11.2

Trees and bamboo

39,381

3.0

Buildings

29,1892.2

Structures

22,292

1.7

Vessels/Aircraft

26,485

2.0

44

0.0

1,052,720

79.9

51,582

3.9

180

0.0

Buildings

4,714

0.4

Structures

2,904

0.2

Machinery and equipment0

0.0

Vessels/Aircraft

1

0.0

988,724

75.0

4,612

0.3

1,318,347

100.0

OthersNon-administrative Assets
Land
Trees and bamboo

Government investment, etc.
Others
Total(Note) 1. As the above data was compiled based on the calculation report on increases/decreases ingovernment assets and their current values, it does not cover roads, rivers, etc.
2. Since figures for the value are rounded down to the nearest unit and figures for the component
ratio are rounded off to the nearest unit, they do not always correspond to total figures.

58

Table 8Classification/Jurisdiction(Administrative assets)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology

Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total(Non-administrative assets)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology

Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total(Total)House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology

Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total

Current Value of Government Assets by Classification and by Jurisdiction(As of March 31, 2023)

Volumethousand m

Land

Value

2

360
135
2,160
46
325
23,658305
38,120
1,077
8,857
5,032
9,741
85,311,489
11,595
127,430
112,011
1,013,093
86,665,441

7,774
3,418
4,688
15
322
16,764
1,361
8,995
2,802
13,7303,044
3,323
12,542
3,302
18,622
4,746
42,778148,233121
28670,001138
279
225,06352,636
9
898,176
360
135
2,160
46
325
23,658317
38,122
1,105
678,858
5,171
10,021
85,536,552
11,600130,066
112,011
1,013,102
87,563,617

Buildings
VolumeValue

thousand m2(total)Value(Unit: 100 million yen, %)Total
Component ratio
Value

OthersOf which

621
221
2,022
12
59
2,516
1
288
6,338
610
9,026
269
2,146
1,033
378
4,955
316
18,085
48,905

631
227
1,515
4
47
1,647
4
227
4,059
1,039
4,543
338
1,281
282
190
2,931
359
9,857
29,189142 Structures
64 Structures
365 Structures
1 Structures
30 Structures
880 Structures
6 Structures
55 Structures
1,147 Structures
758 Structures
887 Structures
44 Structures
336 Structures
39,612 Trees and bamboo
3,183 Structures
11,693 Structures
774 Structures
28,218 Vessels
88,204

136
56
351
1
29
648
6
45
1,108
751
797
42
323
38,760
3,117
8,410
722
13,190

8,548
3,711
6,568
21
401
19,292
11
1,643
14,201
4,600
19,162
3,427
4,940
52,437
6,675
33,2475,880
80,854
265,627

3.2
1.4
2.5
0.0
0.2
7.3
0.0
0.6
5.3
1.7
7.2
1.3
1.9
19.7
2.5
12.5
2.2
30.4
100.0

0
98
2
50,181
1
50
874
0
370
1
51,582

0
2
0
16
6,393
22
53
15
1
7
276
3,101
9,891

0
0
0
14
3,212
20
7
2
1
2
168
1,284
4,714

Government investment,
94 etc.
0 Structures
11 Structures
Government investment,
901,499 etc.
Government investment,
1,830 etc.
investment,
62,428 Government
etc.
Government investment,
410 etc.
investment,
20,940 Government
etc.
Government investment,
7,919 etc.
191 Trees and bamboo
1,096 Structures
996,423930
11895,064
1,830
62,427408
20,940
7,914
94
1,064

94
0
98
28
954,893
1,852
62,486
1,288
20,942
8,293
359
2,382
1,052,720

0.0
0.0
0.0
0.0
90.7
0.2
5.9
0.1
2.0
0.8
0.0
0.2
100.0

7,774
3,418
4,688
15
322
16,764
1,361
9,093
2,804
63,912
3,046
3,373
13,416
3,302
18,993
4,746
42,779199,816

621
221
2,022
12
59
2,516
1
290
6,338
627
15,420
291
2,200
1,048
380
4,963
593
21,187
58,796

631
227
1,515
4
47
1,647
4
227
4,059
1,053
7,755
358
1,289
285
191
2,934
527
11,14133,904142 Structures
64 Structures
365 Structures
1 Structures
30 Structures
974 Structures
6 Structures
55 Structures
1,147 Structures
770 Structures
Government investment,
902,387 etc.
investment,
1,874 Government
etc.
Government investment,
62,764 etc.
40,023 Trees and bamboo
Government investment,
24,123 etc.
19,613 Structures
966 Structures
29,314 Vessels
1,084,627

136
56
351
1
29
648
6
45
1,108
763
895,064
1,830
62,427
38,762
20,9408,413
774
13,190

8,548
3,711
6,568
21
401
19,386
11
1,644
14,3004,629
974,055
5,279
67,42753,72527,61741,5406,240
83,236
1,318,347

0.6
0.3
0.5
0.0
0.0
1.5
0.0
0.1
1.1
0.4
73.9
0.4
5.1
4.1
2.1
3.2
0.5
6.3
100.0

(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc. and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

59

Table 9 Changes in the Value of Government Assets by Category (FY2022)(Unit: 100 million yen, %)Category

Land

Trees andbambooIncrease

VolumeUnit

Volume

Value

53

171 (

0.2 )

81

14 (

Trees

thousand m3

27,7583,789 (

4.6 )

6,834

Bamboothousand bundle

0

1 (

0.0 )

0

438

Total area

thousand m2

1,042

Machinery and equipment
vessels

84

thousand ton

24vessels

26

thousand ton

31

Humble Ship

vessels75

Total

vessels

185

AircraftaircraftSuperficies, etc.
Patent rights, etc.

Steam Ship

Shipping

Total

4.8

2,047

2.5

438

△ 115,551

1,760

0.0 )

△ 27

156

636 (

2.1 )

20,924

3,153

0 (

0.0 )

△0

1

650

2.2

2,055

6.8

3,311
0

△7

144

3.9

3,275

10.9

△ 38

-

-

-

-

-

620 (

0.7 )

733 (

2.4 )

86
22

2,535 (

3.1 )

19

4 (

3.8

180

44

2,722

3.3

thousand m2

105

3

cases

15

△2

△ 112

1
1,907 (

6.3 )

12

3,160

-

5.1

Value

3,237

75

cases

1,541

Volume897

0.0 )Government investment, etc.
Real estate trust beneficiary rights

3,962

124,321

Component ratio

thousand pieces

thousand m2

4.0

Value

Tree

Building area

3,302

Volume8,770

Structures

Vessels

Component ratio

Balancethousand m2

Total
Buildings

Decrease

7

627

18
0.0 )

-

△0

2,645

8.8

5

514

42

3,722

12.3

2

△ 1,000

0.0

3

0

0.0

101

3

0

0.0

1

1

0.0

13

△1

62,57075.3

16,285

54.0

2,034

2.5

-

-

83,041100.0

30,179

100.0

-

4 (

(Note) Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

60

46,284-

2,034
52,862

Table 10 Changes in the Value of Government Assets by Category (FY2022)(Excepting changes by price revision)

Trees andbambooIncrease

VolumeUnit

Land

thousand m2

8,770

Tree

thousandpieces

53

3 (

0.0 )

Trees

thousand m3

27,7581,429 (

Bamboothousandbundle

0

0 (

Value

Total
Buildings

Building area

thousand m2

438

Total area

thousand m2

1,042

Structures
Machinery and equipment
vessels

84

thousandton

24

vessels

26

thousandton

31

Humble Ship

vessels75

Total

vessels

185

AircraftaircraftSuperficies, etc.
Patent rights, etc.

Steam Ship
Vessels

Decrease

Category

VolumeShipping

Real estate trust beneficiary rights

Total

Component ratio

886

3.7

Volume

8.3

81

14 (

6.0 )

6,834

0.0 )

0

6.0

2,047

8.6

438

VolumeValue△ 115,551

80

0.2 )

△ 27

△ 10

208 (

2.2 )

20,924

1,220

0 (

0.0 )

△0

△0

223

2.3

496

5.1

897

1,209
0

1,550

144

3,237

13.6

333

3.4

2,903

-

-

-

-

-

620 (

2.6 )

347 (

3.6 )

86
22

2,535 (

10.7 )

19

4 (

13.3

180

44

2,722

11.5

thousand m2

105

3

cases

15

△2

273

1
88 (

0.9 )

12

3,160

-

Component ratio

805

1,433

124,32175

cases

Balance

Value

0.0 )

Government investment, etc.

(Unit: 100 million yen, %)

7

2,446

18
0.0 )

-

2

437

4.5

5

2,722

42

138

1.4

2

2,583

0.0

3

0

0.0

101

2

0

0.0

1

0

0.0

13

0

10,255

43.2

7,255

74.9

-

-

-

-

23,746

100.0

9,692

100.0

-

1 (

(Note) Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

61

2,999
-

14,054

Table 11 Changes in the Value of Government Assets by Category (FY2022)(Changes by price revision)(Unit : 100 million yen, %)Category

Land
Trees
and
bambooIncrease

Decrease

Component ratio

Value
2,415

4.1

BalanceComponent ratio

Value
736

3.6

Value
1,679

Tree

167 (

0.3 )

- (

- )

167

Trees

2,360 (

4.0 )

427 (

2.1 )

1,932

Bamboo

1 (

0.0 )

- (

- )

1

Total

2,529

4.3

427

2.1

2,101

Buildings

-

-

1,558

7.6

△ 1,558

Structures

-

-

2,941

14.4

△ 2,941

Machinery and equipment

-

-

-

-

-

Steam Ship

- (

- )

385 (

1.9 )

△ 385

Shipping- (- )1,819 (

8.9 )△ 1,819

Humble Ship

- (

- )

3 (

0.0 )

△3

Total

-

-

2,208

10.8

△ 2,208

Aircraft

-

-

3,583

17.5

△ 3,583

Superficies, etc.

0

0.0

0

0.0

0

Patent rights, etc.

0

0.0

1

0.0

△1

Government investment, etc.

52,314

88.2

9,029

44.1

43,284

Real estate trust beneficiaryrights

2,034

3.4

-

-

2,034

Total

59,294100.0

20,487100.0

38,807

Vessels(Note) Since figures for the value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do notalways correspond to total figures.

62

Table 12 Changes in the Value of Government Assets by Account (FY2022)(Unit : 100 million yen, %)Land

Account
Volume(Increase)

Buildings

Value

Volumethousand m2

Total

Others

Value

Value

Value

Of which

Component
ratio

thousand m2 (total)

General Account

8,510

2,822

893

1,760

49,919 Government investment, etc.

35,72954,503

65.6

Special Account

259

479

149

286

27,771 Government investment, etc.

26,84028,537

34.4

Total

8,770

3,302

1,042

2,047

77,691

83,041

100.0

General Account123,995

1,369

748

1,735

18,238 Government investment, etc.

9,086

21,344

70.7

Special Account

326

172

149

319

8,343 Government investment, etc.

7,199

8,835

29.3

124,321

1,541

897

2,055

30,179100.0

General Account△ 115,484

1,453

145

24

31,681 Government investment, etc.

26,64333,159Special Account

△ 66

306

△0

△ 32

19,428 Government investment, etc.

19,641

19,702△ 115,551

1,760

144

△7

51,109(Decrease)Total

26,582(Balance in Value)

Total(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc. and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

63

52,862

Table 13 Changes in the Value of Government Assets by Account (FY2022)(Excepting changes by price revision)(Unit : 100 million yen, %)Land

Account
Volume(Increase)

Buildings

Value

Volumethousand m2

Total

Others

Value

Value

Component
ratio

Value

Of whichthousand m2 (total)

General Account

8,510

829

893

1,760

16,544 Government investment, etc.

6,908

19,134

80.6

Special Account

259

57

149

286

4,268 Government investment, etc.

3,347

4,612

19.4

Total

8,770

886

1,042

2,047

23,746

100.0

General Account123,995

712

748

246

3,602 Government investment, etc.

2,666

4,561

47.1

Special Account

326

93

149

250

4,786 Government investment, etc.

4,589

5,130

52.9

124,321

805

897

496

8,389

9,692

100.0

General Account△ 115,484

117

145

1,514

12,941 Government investment, etc.

4,241

14,572

Special Account

△ 66

△ 36

△0

36

△ 518 Government investment, etc.

△ 1,241△ 518△ 115,551

80

144

1,550

20,812(Decrease)

Total(Balance in Value)

Total

12,423(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc., and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

64

14,054

Table 14 Changes in the Value of Government Assets by Classification and by Type (FY2022)(Unit : 100 million yen, %)Classification/Type(Increase)
Administrative assets
Official property
Public property
Imperial property

Forest management property

Non-administrative assets
Total(Decrease)
Administrative assets
Official property
Public property
Imperial property

Forest management property

Non-administrative assets
Total(Balance in Value)
Administrative assets
Official property
Public property
Imperial property

Forest management property

Non-administrative assets
Total

Land
VolumeBuildings
Value

thousand m2

VolumeOthers
Value

Value

Total
Of which

Value

Component ratio

thousand m2 (total)

3,241
2,810
413
0
17
5,529
8,770

2,578
2,251
135
141
50
723
3,302

830
817
2
10
211
1,042

1,757
1,671
17
68
289
2,047

12,644 Trees and bamboo
8,608 Vessels
109 Structures
52 Structures
3,874 Trees and bamboo
65,047 Government investment, etc.
77,691

3,930
3,157
81
49
3,744
62,57016,98012,531
261
262
3,924
66,06083,041

20.4
15.1
0.3
0.3
4.7
79.6
100.0

2,304
1,541
762
122,017
124,321

1,044
1,025
5
0
13
497
1,541

586
583
1
1
310
897

1,567
1,518
36
12
487
2,055

9,708 Aircraft
8,839 Aircraft
98 Structures
14 Structures
755 Trees and bamboo
16,874 Government investment, etc.
26,582

3,722
3,722
97
14
630
16,285

12,32011,383140
27769
17,85830,179

40.8
37.7
0.5
0.1
2.5
59.2
100.0

937
1,269
413
0
△ 745
△ 116,488△ 115,551

1,533
1,225
129
141
36
226
1,760

244
234
1
8
△ 99
144

190
152
△ 18
55
△ 197
△7

2,936 Trees and bamboo△ 231 Aircraft
10 Trees and bamboo
37 Structures
3,118 Trees and bamboo
48,173 Government investment, etc.
51,109

3,287
△ 999
27
35
3,113
46,284

4,660
1,147
121
235
3,155
48,201
52,862(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc., and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

65

Table 15

Changes in the Value of Government Assets by Classification and by Type (FY2022)(Excepting changes by price revision)(Unit : 100 million yen, %)LandClassification/Type
VolumeBuildings
Value

VolumeOthers
Value

Value

Total
Component
Value
ratio

Of whichthousand m2(total)(Increase)

thousand m2

Administrative assets

3,241

657

830

1,757

10,146 Vessels

3,157

12,561

52.9

Official property

2,810

653

817

1,671

8,461 Vessels

3,157

10,786

45.4

Public property

413

3

2

17

81 Structures

81

102

0.4

Imperial property

0

0

10

68

49 Structures

49

118

0.5

Forest management property

17

0

-

-

1,553 Trees and bamboo

1,423

1,553

6.5

5,529

229

211

289

10,666 Government investment, etc.

10,255

11,185

47.1

8,770

886

1,042

2,047

23,746100.0

Administrative assets

2,304

451

586

213

915 Vessels

436

1,580

16.3

Official property

1,541

451

583

210

700 Vessels

436

1,362

14.1

Public property

-

-

1

1

8 Structures

7

9

0.1

Imperial property

-

-

1

1

0 Trees and bamboo

0

1

0.0

762

0

-

-

206 Trees and bamboo

203

206

2.1

122,017

354

310

283

7,473 Government investment, etc.

7,255

8,111

83.7

124,321

805

897

496

8,389

9,692

100.0

Administrative assets

937

205

244

1,544

9,230 Vessels

2,720

10,981

Official property

1,269

202

234

1,460

7,760 Vessels

2,720

9,424

Public property

413

3

1

16

73 Structures73

93

Imperial property

0

0

8

67

49 Structures

49

116

△ 745

△0

-

-

1,347 Trees and bamboo

1,219

1,347

△ 116,488

△ 125

△ 99

6

3,192 Government investment, etc.

2,999

3,073

△ 115,551

80

144

1,550

Non-administrative assets
Total

20,812(Decrease)

Forest management property
Non-administrative assets
Total(Balance in Value)

Forest management property
Non-administrative assets
Total

12,423

14,054(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc., and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

66

Table 16 Changes in the Value of Government Assets by Jurisdiction (FY2022)(Unit : 100 million yen, %)Jurisdiction(Increase)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense
Total(Decrease)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense
Total(Balance in Value)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense
Total

Land

VolumeOthersBuildings

Value
2

thousand m

11
0
0
144
6
4,771
41
204
577
15
880
684
1,430
8,770

6
0
80
0
458
3
134
1
902
23
70
83
7
815
94
620
3,302

18
14
291
10
120,284
16
260
2,367
15
766
276
124,321
△6
△ 13
0
△ 146
△3
△ 115,513
25△ 55△ 1,790
113
684
1,153
△ 115,551

Volumethousand m2(total)

Value

Value

Total

Value

Of which

Component
ratio

3
23
23
0
94
4
241
0
46
7
318
4
274
1,042

12
0
74
0
0
111
0
0
231
21
476
0
38
11
0
268
20
777
2,047

21 Structures
2 Trees and bamboo
77 Structures
0 Trees and bamboo
0 Structures
239 Structures
2 Structures
8 Structures
209 Structures
24 Structures
58,806 Government investment, etc.
0 Structures
3,887 Government investment, etc.
4,032 Trees and bamboo
2,340 Government investment, etc.
1,816 Structures
77 Structures
6,142 Vessels
77,691

20
1
75
0
0
118
2
8
202
24
56,361
0
3,847
3,815
2,274
859
54
2,537

40
3
232
0
0
809
3
12
575
48
60,186
23
3,996
4,127
2,348
2,899
192
7,540
83,041

0.0
0.0
0.3
0.0
0.0
1.0
0.0
0.0
0.7
0.1
72.5
0.0
4.8
5.0
2.8
3.5
0.2
9.1
100.0

69
30
76
0
3
56
0
92
1
469
5
67
42
36
330
1
257
1,541

5
3
12
0
90
4
228
0
83
9
0
244
38
177
897

24
7
80
0
2
92
0
12
193
11
626
12
83
26
18
257
58
545
2,055

22 Structures
8 Structures
75 Structures
0 Structures
5 Structures
177 Structures
0 Structures
15 Structures
193 Structures
15 Structures
14,124 Government investment, etc.
37 Government investment, etc.
888 Government investment, etc.
806 Trees and bamboo
1,533 Government investment, etc.
2,502 Structures
98 Structures
6,073 Aircraft
26,582

22
8
75
0
5
95
0
9
192
15
13,589
32
832
634
1,261
897
90
3,296

116
46
232
0
11
327
1
27
479
28
15,220
55
1,039
874
1,589
3,090
158
6,876
30,179

0.4
0.2
0.8
0.0
0.0
1.1
0.0
0.1
1.6
0.1
50.4
0.2
3.4
2.9
5.3
10.2
0.5
22.8
100.0

△ 63
△ 30
3
0
△3
401
2
42
0
433
17
3
41
△ 29
484
93
363
1,760

△1
20
11
0
△0
3
△0
12
△ 36
△1
△0
74
△ 33
96
144

△ 12
△7
△5
△0
△2
19
0
△ 11
37
10
△ 150
△ 12
△ 45
△ 14
△ 18
11
△ 37
231
△7

△ 1 Structures△ 6 Structures
2 Trees and bamboo△ 0 Structures△ 4 Structures
61 Aircraft
1 Structures△ 6 Aircraft
15 Structures
9 Structures
44,682 Government investment, etc.
△ 36 Government investment, etc.
2,998 Government investment, etc.
3,225 Trees and bamboo
806 Government investment, etc.
△ 686 Government investment, etc.
△ 21 Structures
68 Aircraft
51,109

△2
△8
2
△0
△4
32
1
△5
9
9
42,771
△ 32
3,015
3,181
1,012
△ 481
△ 36
△ 976

△ 76
△ 43
△0
△0
△ 10
482
2
△ 15
95
20
44,965
△ 32
2,956
3,252
759
△ 190
33
663
52,862(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc., and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

67

Table 17

Changes in the Value of Government Assets by Jurisdiction (FY2022)(Excepting changes by price revision)(Unit : 100 million yen, %)Jurisdiction(Increase)
House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total(Decrease)

House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total(Balance in Value)

House of Representatives
House of Councillors
Supreme Court
Board of Audit
The Cabinet
Cabinet Office
Digital Agency
Ministry of Internal Affairs and Communications
Ministry of Justice
Ministry of Foreign Affairs
Ministry of Finance
Ministry of Education, Culture, Sports, Science and Technology
Ministry of Health, Labour and Welfare
Ministry of Agriculture, Forestry and Fisheries
Ministry of Economy, Trade and Industry
Ministry of Land, Infrastructure, Transport and Tourism
Ministry of the Environment
Ministry of Defense

Total

Land

VolumeOthersBuildings

Value

thousand m2

Volume

Value

Value

Total

Value

Of which

Component
ratio

thousand m2 (total)

11
0
0
144
6
4,771
41
204
577
15
880
684
1,430
8,770

35
257
0
19
0
195
9
42
9
6
283
4
22
886

3
23
23
0
94
4
241
0
46
7
318
4
274
1,042

12
0
74
0
0
111
0
0
231
21
476
0
38
11
0
268
20
777
2,047

20 Structures
0 Structures
75 Structures
0 Structures
0 Structures
230 Structures
2 Structures
8 Structures
202 Structures
24 Structures
10,192 Government investment, etc.
0 Structures
37 Structures
1,639 Trees and bamboo
521 Government investment, etc.
1,697 Structures
55 Structures
6,100 Vessels
20,812

20
0
75
0
0
118
2
8
202
24
9,797
0
37
1,423
458
859
54
2,537

32
1
185
0
0
600
3
9
453
46
10,863
10
118
1,661
527
2,249
80
6,900
23,746

0.1
0.0
0.8
0.0
0.0
2.5
0.0
0.0
1.9
0.2
45.7
0.0
0.5
7.0
2.2
9.5
0.3
29.1
100.0

18
14
291
10
120,284
16
260
2,367
15
766
276
124,321

55
6
27
0
310
3
56
23
6
262
0
53
805

5
3
12
0
90
4
228
0
83
9
0
244
38
177
897

2
0
2
14
0
21
8
258
0
27
6
0
105
14
35
496

0 Structures
0 Structures
2 Structures
0 Structures
0 Trees and bamboo
10 Structures
0 Structures
13 Structures
11 Structures
6,656 Government investment, etc.
0 Structures
771 Government investment, etc.
215 Trees and bamboo
8 Government investment, etc.
535 Vessels
16 Structures
145 Vessels
8,389

0
0
2
0
0
9
0
12
11
6,482
0
767
206
6
347
9
88

2
0
61
0
0
31
0
62
20
7,225
3
855
245
14
904
30
233
9,692

0.0
0.0
0.6
0.0
0.0
0.3
0.0
0.6
0.2
74.5
0.0
8.8
2.5
0.1
9.3
0.3
2.4
100.0

△6
△ 13
0
△ 146
△3
△ 115,513
25△ 55△ 1,790
113
684
1,153
△ 115,551

△ 19
251
0
△8
△0
△ 114
5
△ 13
△ 13
20
4
△ 30
80

△1
20
11
0
△0
3
△0
12
△ 36
△1
△0
74
△ 33
96
144

10
0
72
0
0
97
0
0
210
12
217
0
11
5
0
162
6
742
1,550

19 Structures
0 Structures
72 Structures
0 Structures
0 Structures
220 Aircraft
2 Structures
8 Structures
189 Structures
13 Structures
3,535 Government investment, etc.
0 Structures△ 734 Government investment, etc.
1,424 Trees and bamboo
513 Government investment, etc.
1,161 Structures
39 Structures
5,955 Vessels
12,423

19
0
72
0
0
110
2
8
189
13
3,315
0
△ 767
1,216
452
802
44
2,448

29
1
124
0
0
569
3
8
391
26
3,638
6
△ 737
1,416
513
1,344
49
6,667
14,054(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc. and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

68

Table 18 Changes in the Value of Government Assets (FY2022)(Unit : 100 million yen, %)Contents of Changes(Increase)
Increases resulting from external transfer

Land
VolumeBuildings
Value

VolumeOthers
Value

Value

Total

Of which

Component
ratio

Value

thousand m2(total)thousand m2

2,541

90

542

1,598

18,745 Government investment, etc.

9,907

20,434

24.6

1,872

60

507

1,587

15,693 Government investment, etc.

6,858

17,340

20.9

669

29

35

11

3,051 Government investment, etc.

3,049

3,093

3.7

Increases resulting from internal transfer

6,228

3,211

500

448

58,946 Government investment, etc.

52,66262,607

75.4

Increases caused by adjustment

4,521

490

459

406

1,133 Vessels

399

2,030

2.4

Increases caused by streamlining

1,707

306

40

41

868

1,282

1.5

Increases caused by price revision

-

2,415

-

-

52,31459,294

71.4

8,770

3,302

1,042

2,047

83,041

100.0

3,051

302

383

70

7,221 Government investment, etc.

6,907

7,594

25.2

2,126

268

42

7

4,106 Government investment, etc.

4,103

4,382

14.5

925

34

341

62

3,115 Government investment, etc.

2,804

3,211

10.6

Decreases resulting from internal transfer

121,270

1,239

514

1,984

19,360 Government investment, etc.

9,377

22,58574.8

Decreases caused by adjustment

120,808

490

465

405

399

2,028

6.7

Decreases caused by streamlining

461

12

48

21

34

69

0.2

Decreases caused by price revision

-

736

-

1,558

18,192 Government investment, etc.

9,029

20,487

67.9

Total

124,321

1,541

897

2,055

26,58230,179100.0(Balance in Value)△ 115,551

1,760

144

△7

51,10952,862Those accompanied by financial expenditure
Those not accompanied by financial expenditure

Total

934 Trees and bamboo
56,879 Government investment, etc.
77,691(Decrease)
Decreases resulting from external transfer
Those accompanied by financial revenue
Those not accompanied by financial revenue

1,132 Vessels
35 Structures(Note) 1. "Others" refers to trees and bamboo, structures, machinery and equipment, vessels, aircraft, superficies, etc., patent rights, etc., government investment, etc., and real estate trust beneficiary rights.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

69

Table 19 Results of the Value Revision in the Government Asset Register (As of March 31, 2023)
Administrative assets

Classification

Value before
revision

Category

Value afterrevision

Non-administrative assets
Value before
revision

ChangesValue afterrevision(Unit : 100 million yen)

Total
Value before
revision

ChangesValue afterrevision

Changes

146,611

147,939

1,327

51,22751,579351

197,839

199,519

1,679

Tree

678

820

142

121

146

25

799

967

167

Trees

36,61738,544

1,927

26

31

5

36,64338,576

1,932

Bamboo

7

8

1

1

1

0

8

10

1

Total

37,30339,373

2,070

149

180

31

37,45239,554

2,101

Buildings

29,50728,153△ 1,354

4,904

4,700

△ 204

34,41232,854△ 1,558

Structures

24,133

21,559△ 2,574

3,260

2,892

△ 367

27,39424,452△ 2,941

－

－

－

0

0

-

0

0

-

Steam Ship

3,253

2,867

△ 385

0

0

-

3,253

2,867

△ 385

Shipping

15,003

13,187△ 1,81620△2

15,006

13,187△ 1,819

Humble Ship

24

21

△3

0

0

-

24

21

△3

Total

18,281

16,075△ 2,20520△2

18,284

16,075△ 2,208

Aircraft

13,993

10,410△ 3,58310△0

13,995

10,411△ 3,583

Superficies, etc.

32

32

0

0

0

-

32

32

0

Patent rights, etc.

12

11

△1

0

0

△0

13

11

△1

Government investment, etc.

－

－

－

945,439988,724

43,284945,439988,724

43,284

Real estate trust beneficiary rights

－

－

－

2,577

4,612

2,034

2,577

4,612

2,034

269,877

263,556△ 6,320

1,007,563

1,052,691

45,1281,277,440

1,316,248

38,807

Trees and bamboo

Land

Vessels

Machinery and equipment

Total(Note) 1. This table does not include assets that are not subject to value revision (such as "Assets located abroad").
2. Since figures are rounded down to the nearest unit, they do not always correspond to total figures.

70

Table 20 Trend of the Value of Government Assets in the Last Five Years(Unit : 100 million yen)
Current value at the end Changes from the end of previous
Fiscal Yearfiscal yearof each fiscal year2018
1,085,939
17,6972019
1,098,712
12,7732020
1,172,598
73,8852021
1,265,485
92,8872022
1,318,347
52,862(Note) Figures are rounded down to the nearest unit.

71

Table 20 (Reference) Trend of the Value of Government Assets (Land)
Fiscal Year

Administrative
assets(Unit: 100 million m2)

Non-administrative
assetsTotal

End of FY1970
883
19
903
End of FY1975
884
15
900
End of FY1980
884
12
897
End of FY1985
884
11
896
End of FY1990
883
11
895
End of FY1995
882
11
893
End of FY2000
881
11
892
End of FY2001
879
11
891
End of FY2002
879
11
891
End of FY2003
879
11
890
End of FY2004
866
10
877
End of FY2005
866
10
877
End of FY2006
866
10
877
End of FY2007
866
10
876
End of FY2008
866
10
876
End of FY2009
866
10
876
End of FY2010
866
10
876
End of FY2011
866
10
876
End of FY2012
866
10
876
End of FY2013
866
10
876
End of FY2014
866
10
876
End of FY2015
866
10
876
End of FY2016
866
10
876
End of FY2017
866
10
876
End of FY2018
866
10
876
End of FY2019
866
10
876
End of FY2020
866
10
876
End of FY2021
866
10
876
End of FY2022
866
8
875
(Note) Since figures are rounded down to the nearest unit, they do not always correspond tototal figures.

72

Table 21

Trend of the Value of Government Investment, etc.
in the Last Five Years(Unit : 100 million yen, %)Fiscal Year

Government
Securities
investment

Total (A)Total value of Component
government
ratio
assets (B)(A/B)

End of FY2018

774,6376,141

780,779

1,085,939

71.9

End of FY2019

779,0696,213

785,282

1,098,712

71.5

End of FY2020

847,4364,375

851,812

1,172,598

72.6

End of FY2021

937,278

5,160

942,439

1,265,485

74.5

End of FY2022

982,221

6,502

988,724

1,318,347

75.0(Note) 1. "Government investment" refers to government financing shares, stocks, and investment securities acquired by thegovernment as a result of investment in specific corporations based on special laws (including international
treaties). "Securities" refers to stocks, etc. acquired by the government as a result of tax payment in kind, etc.
(excluding those falling within the category of "government investment") and stocks transferred to the Special
Account for Energy Policy as a result of the abolition of the former Japan National Oil Corporation.
2. In principle, securities with market prices were evaluated based on the fiscal year-end market prices, and securities
without market prices were evaluated based on the value of the fiscal year-end net assets or gross assets minus grossliabilities on the balance sheet of the corporation concerned.
3. Since figures for the value are rounded down to the nearest unit and figures for the component ratio are rounded off
to the nearest unit, they do not always correspond to total figures.

73

Table 22

Changes in the Value and Current Value of Non-administrative Assets belonging to General Account under the Jurisdiction of the Ministry of Finance(As of March 31, 2023)

Category
Land
Trees
and
bambooTree
Trees
BambooTotal

Buildings
Structures
Machinery and equipment
Steam Ship
Vessels

Shipping

Humble Ship
Total
Superficies, etc.
Government investment, etc.
Real estate trust beneficiaryrights
Total

Total excepting government
investment, etc.

Volume unit
thousand m2
thousand pieces(Unit : 100 million yen, %)Increase
Decrease
Current Value
Value
Value
Value
VolumeVolumeVolumeAmount of Money Component ratio
Amount of Money Component ratio
Amount of Money Component ratio

thousand m3
thousand bundle

4,741
0
0
-

thousand m2
thousand m2 (total)

39
63

vessels
thousand ton
vessels
thousand ton
vessels
vessels
thousand m2

-

cases

-

646
5
3
0
8

1.7
0.0
0.0
0.0
0.0

23.5
0.2
0.1
0.0
0.3

120,248
1
3
44
102

22
41
-

0.1
0.1
-

0.8
1.5
-

-

-

-

35,729

92.8

-

-

2,034

5.3

73.9

-

38,483

100.0

2,753

100.0

399
0
0
0

4.1
0.0
0.0
0.0

52.2
0.1
0.0
0.1

669,544
645
513
10
3,603
6,322

136
228
-

1.4
2.3
-

17.8
29.9
-

-

-

-

9,086

92.2

-

3
3
1

-

-

-

2

9,851

100.0

764

100.0

49,845
32
17
0
50

6.9
0.0
0.0
0.0
0.0

83.8
0.1
0.0
0.0
0.1

3,205
1,773
0

0.4
0.2
0.0

5.4
3.0
0.0

-

-

-

0
0
0
667,603

0.0
0.0
0.0
91.8

0.0
0.0
0.0

4,612

0.6

7.8

727,089

100.0

59,486(Note) Since figures for the volume and amount of money are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always
correspond to total figures.

74

100.0

Table 23 Changes in the Value of Non-administrative Assets belonging to General Account under the Jurisdictionof the Ministry of Finance (FY2022)(Excepting changes by price revision)

Category
Land
Trees
and
bambooTree
Trees
BambooTotal

Buildings
Structures
Machinery and equipment
Steam Ship
Vessels

Shipping

Volume unit
thousand m2
thousand pieces

Increase
Decrease
Value
Value
VolumeVolumeAmount of Money Component ratio
Amount of Money Component ratio

thousand m3
thousand bundle

4,741
0
0
-

thousand m2
thousand m2 (total)

39
63

vessels
thousand ton
vessels
thousand ton
vessels
vessels

-

165
0
0
0

2.3
0.0
0.0
0.0

22
41
-

0.3
0.6
-

-

-

6,908

96.8

72.1 120,248
0.0
1
0.0
3
0.0
44
9.7
102
18.1
-

263
0
0
0

8.9
0.0
0.0
0.0

94.4
0.2
0.1
0.2

14
0
-

0.5
0.0
-

5.1
0.3
-

-

-

-

2,666

90.5

-

(Unit : 100 million yen, %)Balance
Value
VolumeAmount of Money△ 115,507
△ 97
△1
0
△2
△0
0
△5
△ 38
8
40
4,241

Humble Ship
Total
Superficies, etc.
thousand m2
Government investment, etc.
Real estate trust beneficiary
casesrights
Total
4,192
7,137
100.0
2,945
100.0
Total excepting government
△ 49
229
100.0
279
100.0
investment, etc.
(Note) Since figures for the volume and amount of money are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do notalways correspond to total figures.

75

Table 24 Changes in the Value of Non-administrative Assets belonging to General Account under the Jurisdictionof the Ministry of Finance (FY2022)(Changes by price revision)(Unit : 100 million yen, %)Increase
Decrease
Balance
Category
Value
Value
Value
Amount of Money
Amount of Money Component ratio Amount of Money Component ratio
Land
344
480
1.5
19.0
135
2.0
28.0
5
Tree
5
0.0
0.2
Trees
3
Trees
3
0.0
0.1
and
0
Bamboo0
0.0
0.0
bamboo
8
Total
8
0.0
0.3
Buildings
△
121
121
1.8
25.1
Structures
△ 227
227
3.3
46.9
Machinery and equipment
Steam Ship
Shipping
Vessels
Humble Ship
Total
Superficies, etc.
Government investment, etc.
22,402
28,821
91.9
6,419
93.0
Real estate trust beneficiary
2,034
2,034
6.5
80.6
rightsTotal
24,44031,345
100.0
6,905
100.0
Total excepting government
2,038
2,524
100.0
485
100.0
investment, etc.
(Note) Since figures for the value are rounded down to the nearest unit and figures for the component ratio are rounded off to thenearest unit, they do not always correspond to total figures.

76

Table 25 Changes in the Value of Non-administrative Assets belonging to General Account under the Jurisdictionof the Ministry of Finance (FY2022)(Unit : 100 million yen)
Component
Land
Buildings
OthersContents of Changes
Total value
ratio
Value
VolumeValue
VolumeValue(Increase)
Increases resulting from external transfer

Those accompanied by financial expenditure
Those not accompanied by financial expenditure

Increases resulting from internal transfer
Increases caused by adjustment
Increases caused by streamlining
Increases caused by price revision

Total

Contents of Changes(Decrease)
Decreases resulting from external transfer

Those accompanied by financial revenue
Those not accompanied by financial revenue

Decreases resulting from internal transfer
Decreases caused by adjustment
Decreases caused by streamlining
Decreases caused by price revision

Total

thousand m2

547
14
0
0
547
14
4,193
632
2,926
117
1,266
33
480
4,741
646
Land
VolumeValue
2thousand m

2,456
1,796
660
117,792
117,571220
120,248%thousand m2 (total)

4
7
0
4
7
59
14
45
14
13
0
63
22
Buildings
VolumeValue
26,894 (
3,844 (
3,049 (
30,920 (55 (0(30,865 (37,815 (OthersValue

6,889 )
3,840 )
3,049 )
28,840 )18 )0)28,821 )35,729 )2,319 (
40 (
2,279 (
6,995 (
348 (
0(
6,647 (
9,315 (

2,318 )
40 )2,278 )
6,767 )
347 )-)
6,419 )
9,086 )

6,916
3,844
3,071
31,567188
33
31,34538,483
Total value

80
18
61
21
8
13
102

7
3
3
128
6
0
121
136

Component
ratio

Valance%thousand m (total)

228
200
28
170
31
2
135
399

18.0
10.0
8.0
82.0
0.5
0.1
81.5
100.0

2,556
244
2,311
7,295
387
2
6,905
9,851

25.9
2.5
23.5
74.1
3.9
0.0
70.1
100.0

4,360
3,599
760
24,272△ 198
30
24,44028,632(Note) 1. Figures in parentheses in the "Others" column indicate government investment, etc.
2. Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do notalways correspond to total figures.

77

Table 26

Disposal of Non-administrative Assets belonging to General Account under the Jurisdictionof the Ministry of Finance (FY2022)

Category

Land
Cases

VolumeRegisteredvalue

Buildings
Cases

Volumethousand m2

Sell-off
Current market value
Discount value
Exchange
Beneficial transfer
Transfer of jurisdiction

Registeredvalue

thousand m2 (total)

2,747
2,734
13

1,796
1,777
18

200
188
11

－
181
14
1
13

－
544
442
4
438

－
8
22
1
20

2
2

18
18

3
3

(Unit: 100 million yen)
Total
Registered Component
Cases
value
ratio
%
2,749
204
84.6
2,736
192
79.6
13
11
4.9

－
－
－
－
－
－
－
－
－
181
8
3.5
－
－
－
8
6
14
28
12.0
－
With charge
1
1
0.6
－
－
－
Without charge
8
6
13
27
11.4
－
Total
2,942
2,783
231
2
26
10
2,944
241
100.0
(Note) Since figures for the volume and value are rounded down to the nearest unit and figures for the component ratio are rounded off tothe nearest unit, they do not always correspond to total figures.

78

Table 27

Trend of Unused National Land

Trend of Unused National Land (cases)

4,000

3,000

Unused national
land

2,964

2,922

2,869

2,732

2,695

of which, thepropertytransferred as
payment in kind

2,000
1,197

1,182

1,140

1,065

1,001

FY2018FY2019FY2020

FY2021

FY20221,000

0Trend of Unused National Land (registered value)(100 million yen)

6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

4,841
3,288

3,366

5,283

Unused national
landof which, thepropertytransferred as
payment in kind

3,834

418

416

404

366

357

FY2018FY2019FY2020

FY2021

FY2022(Note) Figures are rounded down to the nearest unit.

79

Table 28

Status of Transfers of Securities Transferred as Payment in Kind, etc. and Their Current Valueas of the End of the Fiscal Year (As of March 31, 2023)(Unit: brands. thousand stocks [stocks], thousand quantity [other securities], 100 million yen)

Category

Increase within FY2022
VolumeDecrease within FY2022

Registered value

VolumeValue at the end of FY2022

Registered value

Number ofbrandsVolumeRegistered value

Stocks

1,961

52

1,479

42

38

106,892

38

Of these, listed
stocks

1,961

50

1,455

41

14

591

11

Other securities

4,219,077

54

1,369,10122

842,849,977

31

Total

4,221,039

105

1,370,580

65

122

2,956,869

70(Note) 1. "Other securities "refers to corporate bonds, beneficiary certificates, local bonds, etc.

2. This table includes internal transfer such as changes of assignment.
3. Since figures for the volume and value are rounded off to the nearest unit, they do not always correspond to total figures.

80

Table 29 Trend of Revenue from the Sale of Government Assets (Local Finance Bureau)(Unit:100 million yen)
Category

FY2018FY2019FY2020

FY2021

FY2022

Revenue from the sale ofgovernment assets

570

602

484

529

379

Land sales

470

308

392

441

343

General competitive
bidding

105

125

80

92

36

Other

365

182

313

349

307

(Note)

1. “Revenue from the sale of government assets” is the total of “Revenue from the sale of government assets,” “Revenue from the saleof specified government assets” and “Revenue from the sale of government assets for financing reconstruction from the Great East
Japan Earthquake” of revenue under the jurisdiction of General Accounting and Ministry of Finance (for Local Finance Bureaus).
2. General competitive bidding" is a sell-out system which determines the one who tenders a bid with the highest bidding price overthe price predetermined by the government to be the successful bidder.
3. Other" refers to the sell-out system based on negotiated contracts, etc. with local governments, etc.
4. The figures are rounded off.

81

Table 30 Trend of Revenue from the Sale of Government Assets(Unit: 100 million yen)

General AccountFiscal year

Land

Securities

Special
Account

OthersTotal

FY2013

1,359

1,315

17

27

1,955

3,314

FY2014

1,361

1,208

129

25

2,946

4,308

FY2015

1,263

1,147

91

24

14,68915,952FY2016

1,704

1,670

15

19

3,833

5,537

FY2017

934

897

22

15

14,454

15,388FY2018

603

498

94

10

248

850

FY2019

667

418

222

27

3,155

3,822

FY2020

526

475

42

8

199

725

FY2021

546

451

85

10

12,083

12,629FY2022

404

358

24

13

3,661

4,065

(Note) Since figures are rounded off to the nearest unit, they do not always correspond to total figures.

82

Table 31

Meetings

Past Meetings held by the Fiscal System Council(Government Asset Subcommittee)
Dates

AgendaFirst General Meeting of the Fiscal
System Council

January 19, 2001

1. Election of the council chairman
2. Rules on proceedings
3. Management policies

First Government Asset Subcommittee ofthe Fiscal System Council

January 23, 2001

1. Election of the subcommittee chairman
2. Report on rules on proceedings, etc. of the council
3. Establishment of subgroups
4. Report on referral from the council to subcommittees
5. Report on referral from subcommittees to subgroups
6. Disclosure of the proceedings

First Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
Council

April 23, 2001

1. Past disposals of shares in Nippon Telegraph and Telephone Corporation (NTT) and thebackground and circumstances of the disposals
2. How to proceed with deliberations at the subgroup
3. Disclosure of the proceedings

Second Stock Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

May 23, 2001

1. Hearing from NTT
2. Hearings with securities companies concerning the disposal of NTT shares

Third Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
Council

May 30, 2001

Hearings with securities companies concerning the disposal of NTT shares

Fourth Stock Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 15, 2001

Summing-up of the subgroup's opinions concerning the disposal of NTT shares

Fifth Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
CouncilJune 27, 2001

How to dispose of NTT shares in the future

Second Government Asset Subcommitteeof the Fiscal System Council

June 27, 2001

1. How to dispose of NTT shares in the future (recommendations)
2. Matters for reporting
Current status of the administration of government assets

Second General Meeting of the Fiscal
System Council

August 30, 2001

1. Report on activities from subcommittees
2. Free discussion

First Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

October 9, 2001

Matters for reporting(1) Results of investigation of utilization status of government assets, etc.
(2) Progress status of PFI projects(3) Progress status of promotion of sales of unused national land, etc.

Sixth Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
CouncilSecond Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

April 22, 2002

Selection of the lead managing securities company for the future disposal of Japan Tobacco (JT)shares (recommendations)

May 30, 2002

Matters for reporting(1) Progress status of promotion of sales of unused national land, etc.
(2) Progress status of improvement of housing for government employees through PFI

Third Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

October 15, 2002

1. Matters for reporting(1) Results of follow-up on the utilization status of administrative assets, etc.
(2) Key points of the results of tenders for properties to which the subdivided land trust scheme wasapplied(3) Large-lot properties in central Tokyo
2.Tenders for which minimum sale prices were indicatedThird General Meeting of the Fiscal
System Council

January 16, 2003

1. Election of the council chairman
2. Rules on proceedings
3. Management policies

Third Government Asset Subcommittee ofthe Fiscal System Council

February 19, 2003

1. Election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Composition of subgroups, the nomination of the subgroup chiefs
4. Management policy of the subcommittee
5. Matters for reporting(1) Sales of unused national land(2) Sales of government-owned shares (shares in JT and NTT) in fiscal 2002
(3) Improvement of housing for government employees through PFI
6. Policy for utilization of reserve land included in large-lot returned properties

Fourth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

March 3, 2003

Policy for utilization of reserve land included in large-lot returned properties(1) Background to the reserve land issue and the current status(2) Results of hearings with relevant local government bodies, etc.

Fifth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

April 24, 2003

Policy for utilization of reserve land included in large-lot returned properties(1) Summing-up of past discussions(2) Requests from the association of governors involved in external affairs with regard to policy for
utilization of reserve land

Sixth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

May 22, 2003

Policy for utilization of reserve land included in large-lot returned properties(1) Results of the solicitation of opinions from relevant local government bodies(2) Outline of draft recommendations on how to deal with reserve land included in large-lot returned
properties

Seventh Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council
Eighth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 3, 2003

1. Requests concerning the disposal of the former sites of U.S. military bases (large-lot returned
properties)
2. Report: "How to deal with reserve land included in large-lot returned properties in the future"(draft)to deal with reserve land included in large-lot returned properties in the future
How

June 24, 2003

83

Meetings

Dates

AgendaFourth Government Asset Subcommitteeof the Fiscal System Council

June 24, 2003

How to deal with reserve land included in large-lot returned properties in the future(recommendations)

Seventh Stock Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

March 11, 2004

Matters for reporting(1) Sales of shares in fiscal 2003 (own stock purchases by NTT and JT)(2) How to respond to future own stock purchases(3) Recent stock market developments

Fifth Government Asset Subcommittee ofthe Fiscal System Council

June 17, 2004

Matters for reporting(1) Disposal of government-owned shares in NTT and JT(2) Follow-up on recommendations concerning "reserve land included in large-lot returned
properties"(3) Progress status of promotion of sales of unused national land
(4) Revision of rents of housing for national government employees(5) Transfer of government assets related to the establishment of national universities and the
National Hospital Organization

Fourth General Meeting of the Fiscal
System Council

January 17, 2005

1. Election of the council chairman
2. Rules on proceedings
3. Management policies

Sixth Government Asset Subcommittee ofthe Fiscal System Council

February 16, 2005

1. Election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Explanation about "Desirable state of the government asset system and management and disposalof assets in the future (recommendations)"
4. Establishment of the subgroup on the government asset system
5. Composition of subgroups, the nomination of the subgroup chiefs
6. Management policies of the subcommittee and subgroups
7. Matters for reporting
Progress status of the disposal of government-owned shares in NTT and JT

First Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

February 28, 2005

1. Future schedules
2. Current status of the government asset system

Second Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 23, 2005

1. Private-sector utilization of administrative assets
2. Matters for reporting

Third Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
Council

April 7, 2005

Promotion of the sales of unused national land, etc.

Fourth Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
Council

May 10, 2005

Efficient utilization and improvement of government offices

Fifth Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

May 31, 2005

1. Inspection of government assets and provision of information on government assets
2. Matters for reporting

Sixth Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

June 20, 2005

1. System of housing for national government employees
2. System of tax payment in kind
3. Overseas cases of free-of-charge transfer and lease of government assets to local government
bodies
4. Status of access to the government asset information disclosure system

Seventh Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
CouncilJuly 26, 2005

1. Promotion of the sales of unused national land, etc.
2. Monetary standard for Diet decisions
3. Matters for reporting

Eighth Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
Council
Ninth Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
CouncilAugust 3, 2005

Private-sector utilization of administrative assets

August 29, 2005

1. Efficient utilization and improvement of government offices, etc.
2. Clarification of viewpoints concerning the efficiency of government asset administration
Review of the exercise of supervisory authority over leased government offices, etc.
3. Matters for reporting

Tenth Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
Council

September 13, 2005

1. Expansion of the provision of information
2. Review of the method of evaluating government investment
3. Review of preferential measures related to the management and disposal of non-administrative
assets
4. Introduction of the account transfer system regarding the leasing fees of government assets
5. Matters for reporting

The 11th Government Asset System
Subgroup of the Government Asset
Subcommittee of the Fiscal System
Council

October 4, 2005

1. Desirable status of the government asset system and the management and disposal of assets-Reform toward Emphasis on Efficiency--interim report (draft)
2. Matters for reporting with regard to recent government asset administration

12th Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

October 25, 2005

Desirable status of the government asset system and the management and disposal of assets--Reform
toward Emphasis on Efficiency--interim report (draft)

Seventh Government Asset Subcommitteeof the Fiscal System Council

November 8, 2005

1. Desirable status of the government asset system and the management and disposal of assets-Reform toward Emphasis on Efficiency--(interim recommendations)
2. Matters for reporting
Progress status of the disposal of government-owned shares in NTT and JT

13th Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

November 22, 2005

1. Inspection of government assets
2. Introduction of quantitative analysis methods such as cost analysis
3. Leasing of government assets, etc.
4. Administration of housing for national government employees
5. Report on recent government asset administration

84

Meetings

Dates

Agenda14th Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

December 13, 2005

15th Government Asset System Subgroupof the Government Asset Subcommittee ofthe Fiscal System Council

January 18, 2006

Eighth Government Asset Subcommitteeof the Fiscal System Council

January 18, 2006

1. Report on recent government asset administration
2. Desirable status of the government asset system and the management and disposal of assets-Reform toward Emphasis on Efficiency--(recommendations)
3. Decisions concerning matters for investigation and deliberations referred to subgroups

Fifth General Meeting of the Fiscal
System Council

February 7, 2006

1. Mutual election of the council chairman
2. Immediate tasks for each subcommittee, etc.

Ninth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 15, 2006

1. Office building use coordinating plan
2. Specified Government Asset Consolidation Plan

Ninth Government Asset Subcommittee ofthe Fiscal System Council

June 15, 2006

1. Revision of the National Government Asset Act, etc.
2. Results of a study by the expert panel on the relocation of housing for national government
employees and the utilization of vacated sites
3. Specfied Government Asset Consolidation Plan

Eighth Stock Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

November 24, 2006

1. Contents of consultations
2. Privatization of the alcoholic business3. Disposal of shares in Japan Alcohol Corporation (recommendations)

Tenth Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

December 12, 2006

1. Office building use coordinating plan
2. Recent government asset administration

Sixth General Meeting of the Fiscal
System Council

January 16, 2007

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

Tenth Government Asset Subcommittee ofthe Fiscal System Council

March 2, 2007

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Composition of subgroups, the nomination of the subgroup chiefs
4. Management policies of the subcommittee and subgroups
5. Matters for reporting from the secretariat(1) Progress status of study on the reform of assets and liabilities(2) Implementation status of matters included in recommendations(3) Status of deliberations at the real estate and stock subgroups
・ Plan for use adjustment of the Central Joint Building No. 4 and the Nagatacho Joint Building
・ Disposal of shares in Japan Alcohol Corporation(4) Submission of a bill related to special accounts

11th Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 19, 2007

Plan for use adjustment of government offices, etc.

Ninth Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
Council

October 16, 2007

1. Outlook on future sales of government-owned shares, etc.
2. Japan Post Holdings Co., Ltd.
3. Sales of shares in Japan Alcohol Corporation

12th Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

March 18, 2008

Plan for use adjustment of government offices, etc.

13th Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 26, 2008

Plan for use adjustment of government offices, etc.

11th Government Asset Subcommittee ofthe Fiscal System Council

June 26, 2008

1. Plan for utilization of reserve land included in large-lot returned properties
2. Status of deliberations in each subgroup
3. Issues in government asset administration
4. Report of the study/follow-up expert panel on the effective utilization of government assets

Seventh General Meeting of the Fiscal
System Council

January 15, 2009

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

12th Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
CouncilFebruary 25, 2009

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Composition of subgroups, the nomination of the subgroup chiefs
4. Management policies of the subcommittee and subgroups
5. Matters for reporting from the secretariat(1) Various measures to promote the sale of government assets(2) Emergency support for those who separated from employment using government employee
housing units

Tenth Stock Subgroup of the Government
Asset Subcommittee of the Fiscal System
CouncilFebruary 25, 2009

Present status of the government's stock holdings

14th Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council

June 18, 2009

Plan for use adjustment of government offices, etc.

1. Efficient utilization of housing for national government employees and improvement inmanagement
2. Actual utilization status of private-sector offices
3. Cost comparison of ownership and leasing
4. Report on recent government asset administration
5. Desirable status of the government asset system and the management and disposal of assets-Reform toward Emphasis on Efficiency--report (draft)
1. Report on recent government asset administration
2. Desirable status of the government asset system and the management and disposal of assets-Reform toward Emphasis on Efficiency--report (draft)
3. Report on decisions concerning matters for investigation and deliberation by the subgroup85

Meetings

Dates

Agenda15th Real Estate Subgroup of theGovernment Asset Subcommittee of the
Fiscal System Council
16th Government Asset Subcommittee ofthe Fiscal System Council

June 18, 2009

1. Implementation of the government offices and housing units transfer and relocation plan
2. Other (Kasumigaseki Low Carbon Society）

Eighth General Meeting of the Fiscal
System Council

April 26, 2010

Mutual election of the council chairman

13th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council
16th Real Estate Subgroup Meeting Joint
Conference

June 25, 2010

1. Office building use coordinating plan
2. Explanation by the secretariat(1) Current status of the administration of government assets(Effective use of government assets in conjunction with the New Growth Strategy)(2) Current situation in which stocks are held by the government

14th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

December 9, 2010

Matters for reporting
Current status of the administration of government assets(1) Changes in, and the current value of government assets in fiscal 2009
(2) Audit of government assets(3) Follow-up on the effective use of government assets in conjunction with the New Growth Strategy(4) PRE (public real estate) strategy in the administration of government assets

Ninth General Meeting of the Fiscal
System Council

January 17, 2011

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

15th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJanuary 17, 2011

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Management policy of the subcommittee
4. Matters explained by the secretariat
Current status of the administration of government assets

16th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 28, 2011

1. Office building use coordinating plan
2. Explanation by the secretariat
Current status of the administration of government assets(1) Response to the Great East Japan Earthquake(2) Follow-up for effective use of government asset (PRE strategy), etc.

17th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJanuary 27, 2012

1. Office building use coordinating plan
2. Explanation by the secretariat(1) Results of inspections of government assets(2) Current status of the administration of government assets

18th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 18, 2012

Disposal of JT stocks owned by the government(1) Circumstances surrounding the stocks of Japan Tobacco Inc.
(2) Matters to be discussed by the council with regard to past disposal of JT stocks(3) Policy concerning the disposal of JT stocks ("One half or greater" → "Greater than one third")(4) Procedures for review by the lead securities firm with regard to the fourth issuance of JT stocks

19th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

September 11, 2012

Tenth General Meeting of the Fiscal
System Council

January 8, 2013

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

20th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 19, 2013

1. Election of the subcommittee chairman
2. Appointment of the deputy subcommittee chairman
3. Operating policy of the subcommittee
4. Explanation by the secretariat
The outcomes of case-by-case studies through cost comparisons and a review of rents in accordancewith the plan to cut down on housing for national government employees (announced on December
1, 2011)

21st Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 6, 2013

22nd Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 4, 2014

1. Nomination of the deputy subcommittee chairman
2. Explanation by the secretariat(1) Following-up of the plan to cut down on housing for national government employees(2) Review of rent of housing for national government employees(3) Recent administration of government assets

23rd Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

April 14, 2014

1. How to proceed with deliberations at the subcommittee
2. Explanation by the secretariat(1) Situation regarding Japan Post Holdings(2) Sale of shares held by the government(3) Standard to select the lead managing securities company
3. Hearing from Japan Post Holdings Co., Ltd.

24th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

April 24, 2014

1. Office building use coordinating plan
2. Hearing from those concerned in the securities market(1) Japan Securities Dealers Association(2) Nomura Securities Co., Ltd.
(3) Tokyo Stock Exchange, Inc.

25th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 15, 2014

Disposal of Japan Post Holdings shares (plan)

1. Review of the method for comparing costs relating to the national public officers' housing
2. Adjustment plan for use of government buildings
3. Explanation by the secretariat(1) Current status of the administration of government assets(2) Progress of the review, improvement, etc. of sell-out methods(3) Results of the inspections of government assets conducted in FY2011

1. Office building use coordinating plan
2. Explanation by the secretariat(1) Current status of the administration of government assets(2) Results of the inspections of government assets conducted in FY201286Meetings

Dates

Agenda26th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 5, 2014

1. Disposal of Japan Post Holdings shares
2. Office building use coordinating plan
3. Explanation by the secretariat(1) Recent administration of government assets(2) Result of FY 2013 inspection of government assets

27th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilAugust 4-6, 2014

Examination procedures for lead managing securities company with regard to initial public offeringof Japan Post Holdings shares

11th General Meeting of the Fiscal
System Council

January 23, 2015

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

28th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 12, 2015

1. Election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Management policy of the subcommittee
4. Disposal of shares of Nippon Automated Cargo and Port Consolidated System, Inc.
5. Following-up of the plan to cut down on housing for national government employees
6. Current status of the administration of government assets

29th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 15, 2015

30th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilNovember 24, 2015

1. Use of national land for the development of long-term care facilities
2. Explanation by the secretariat(1) Listing of JP Holdings shares(2) Disposal of shares of Nippon Automated Cargo and Port Consolidated System, Inc.

31st Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 10, 2016

1. Office building use coordinating plan
2. Following-up of the plan to cut down on housing for national government employees
3. Explanation by the secretariat(1) Rise in the rent of housing for national government employees from April 2016
(2) Recent administration of government assets

32nd Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 17, 2016

1. Response to the Kumamoto Earthquake
2. Effective utilization of national land to realize a society in which all citizens are dynamicallyengaged
3. Result of FY2015 inspection of government assets
4. Sale of shares of Nippon Automated Cargo and Port Consolidated System, Inc. (NACCS)
5. Response to general meetings of shareholders

33rd Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJanuary 16, 2017

Recent administration of government assets

34th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 17, 2017

1. Plan for use adjustment of government offices, etc.
2. Following-up of the plan to cut down on housing for national government employees
3. Current situation of non-administrative assets

35th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 24, 2017
March 27-29, 2017

Plan for use adjustment of government offices, etc.

1. Management and disposal of government assets located in 2-chome, Otemachi, Chiyoda-ku
2. Office building use coordinating plan
3. Result of FY 2014 inspection of government assets
4. Development of discussion on the disposal of JP Holdings shares

12th General Meeting of the Fiscal
System Council

April 7, 2017

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

36th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 26, 2017

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Operating policy of the subcommittee
4. Result of FY2016 inspection of government assets
5. Progress status of the plan to cut down on housing for national government employees

37th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

December 11, 2017

1. Desirable state of management and disposal of government assets in the future based on the recent
situation surrounding the government asset administration (consultations)
2. Recent topics on government asset administration
3. Overview of the rise in the rent of housing for national government employees
4. Exercise of shareholders' voting rights

1st Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

December 15, 2017

1. Management policy of the working team
2. Optimization of management and disposal of non-administrative assets

2nd Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

January 10, 2018

Optimization of management and disposal of non-administrative assets

38th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJanuary 19, 2018

1. Review of details of the procedure for management and disposal of government assets, focusing on
negotiated contracts for public works projects
2. Office building use coordinating plan

39th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 27, 2018

Plan for use adjustment of government offices, etc.

40th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

April 12, 2018

1. Written approval for the sale of national land to Moritomo Gakuen
2. Revision of the circular notice on the review of the procedure for management and disposal ofgovernment assets

41st Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJuly 4, 2018

1. Investigation report on the sale of national land to Moritomo Gakuen
2. Clarification of the selling price, etc.
3. Results of the inspections of government assets conducted in FY2017

42nd Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJuly 19-20, 2018

Plan for use adjustment of government offices, etc.

87

Meetings

Dates

Agenda43rd Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

September 28, 2018

Desirable state of management and disposal of government assets in the future

3rd Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

October 22, 2018

Issues on non-administrative assets (further promotion of effective use)

4th Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

November 28, 2018

Issues on non-administrative assets (measures to handle real estate that has no owners)

44th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

December 21, 2018

1. Subsequent inspections by the Board of Audits
2. Issues on non-administrative assets

5th Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

January 24, 2019

Issues on non-administrative assets (how to deal with housing for national government employees in
the future)

6th Meeting of the Working Team of theGovernment Asset Subcommittee of the
Fiscal System Council

February 22, 2019

Issues on non-administrative assets
1. How to deal with housing for national government employees
2. How to respond to demand for government buildings
3. Effective use of administrative assets

45th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 28, 2019

1. Issues on non-administrative assets
2. Office building use coordinating plan
3. Status of study on the issue of land with unknown ownership

13th General Meeting of the Fiscal
System Council

April 4, 2019

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

46th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 22, 2019

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Management policy of the subcommittee
4. Desirable state of management and disposal of government assets in the future
5. Results of the inspections of government assets conducted in FY2018

47th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 14, 2019

1. Desirable State of Management and Disposal of Government Assets in the Future—For Optimal
Use of Government Assets— (Council Report)
2. Office building use coordinating plan
3. Government offices which are to move into the new building under the redevelopment project inYotsuya by using rights to site
4. Status of implementation of third-party monitoring

48th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 2, 2020

1. Following-up of the Council Report on optimal use
2. Office building use coordinating plan
3. Status of study on the issue of land with unknown ownership

49th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 9-12, 2020

1. Following-up of the Council Report on optimal use
2. Extension of discount lease measures related to the development of long-term care facilities
3. Establishment of a system for extending the deadline by which claims need to be made regarding
the leasing fees of government assets
4. Results of inspections of government assets in fiscal 2019

50th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 17, 2021

1. Diversification of management measures for unused national land
2. New ways of using government assets introduced by economic policies
3. Holding of expert study meetings on administrative assets

14th General Meeting of the Fiscal
System Council

April 7, 2021

51st Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 2, 2021

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies
1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Management policy of the subcommittee
4. Office building use coordinating plan
5. Measures concerning administrative assets
6. Results of the inspections of government assets conducted in FY2020
7. Status of implementation of third-party monitoring

52nd Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

December 8, 2021

1. Disposal of shares of Tokyo Metro Co., Ltd.
2. Government offices which are to move into the new building under the redevelopment project inToranomon by using rights to site, and office building use coordinating plan (central governmentbuildings district case)
3. Report of the results of the discussion at the Study Group on the Future Vision of Administrative
Assets
4. Disposal of assets under a trust located at 2-chome, Otemachi, Chiyoda-ku
5. Ways of using government assets introduced by economic policies

53rd Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 21, 2022

1. Disposal of shares of Tokyo Metro Co., Ltd.
2. Office building use coordinating plan
3. Measures based on the Council Report on optimal use and the report of the Study Group on the
Future Vision of Administrative Assets (administrative assets)

54th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilMarch 22-28, 2022

1. Disposal of shares of Tokyo Metro Co., Ltd.
2. Examination procedures for lead managing securities company with regard to initial public
offering of shares of Tokyo Metro Co., Ltd.

55th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 31, 2022

56th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilFebruary 22, 2023

1. Results of the inspections of government assets conducted in FY2021
2. Status of implementation of third-party monitoring
1. Office building use coordinating plan
2. Revision of policy for exercise of shareholders' voting rights for the government-owned shares
3. Effective use of government assets for the regional contribution, etc.
4. Maintanance for the national government employees' housing
5. Progress status and promotion for reserved assets for its use
6. Disposal of assets under a trust located at 2-chome, Otemachi, Chiyoda-ku

88Meetings

Dates

Agenda15th General Meeting of the Fiscal
System Council

April 14, 2023

1. Mutual election of the council chairman
2. Rules on proceedings
3. Management policies

57th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

May 17, 2023

1. Mutual election of the subcommittee chairman
2. Nomination of the deputy subcommittee chairman
3. Management policy of the subcommittee
4. Current status of the government assets
5. Adjustment of supply and demand for the national government employees' housing, and measures
for its aging, etc.
6. Following-up of the Council Report on optimal use (Donation of real estate)

58th Meeting of the Government Asset
Subcommittee of the Fiscal System
CouncilJune 13, 2023

1. Office building use coordinating plan
2. Adjustment of supply and demand for the national government employees' housing and measures
for its aging, etc.
3. National Property Administration's Response to the Enforcement of the Important Land Survey
Law
4. Results of the inspections of government assets conducted in FY2022
5. Status of implementation of third-party monitoring in FY2022

59th Meeting of the Government Asset
Subcommittee of the Fiscal System
Council

September 20, 2023

Disposal of shares in the Shoko Chukin Bank，Ltd.

89

Table 32 Results of Inspections of Government Assets in FY2022 (Matters pointed out)
Administrative assets

Inadequate
property
management
31

Effective
utilization of
governmentbuildings, etc.
21

No. ofimproper/unreasonable
matters73
Elimination ofuse ofunnecessarybuildings andhandover10

Inadequate
property
management32(43.2%)

No. ofimproper/unreasonable
matters

No. ofimproper/unreasonable
matters

Eliminationof unnecessary
Eliminationof unnecessary
rentingrenting
Eliminationof useofofuse
unnecessarybuildings
Eliminationof unnecessaryand handoverbuildings and handover

Administrative
assetsFrequency
Frequency

Administrative assets

21
11
10
31
73

Non-administrative
Non-administrative
assetsassetsFrequency
Frequency

[49]
[9]
[21]
[49]
[128]

0
0
0
1
1

Effective
utilization of
governmentbuildings, etc.
21(28.4%)

74(100.0%)Elimination of use of
unnecessary buildings
and handover10(13.5%)

Inadequate property
management
1

Elimination of
unnecessary
renting11of buildings,
Effective Effective
utilizationutilizationof government
etc. government buildings, etc.

Total
Total

Total

1

Details of matters
Details of matterspointedpointedout
out

Inadequate
property
management
Inadequate
property
management

Non-administrative assets

[0]
[0]
[11]
[0]
[11]

Elimination of
unnecessary
renting
11(14.9%)

Total
Total

Frequency
Frequency

Percentage (%)
Percentage
(%)

21
11

[49]
[9]

28.4
14.9

10
32
74

[32]
[49]
[139]

[35.3][6.5]
13.5 [23.0]
43.2 [35.3]
100.0 [100.0](Note) 1. The figures in parentheses represent the frequency and percentage based on the results of inspections in FY2021.
2. Since figures are rounded off to one decimal place, they do not always correspond to total figures.
90

Table 33 Current Status of Non-Administrative Assets under the Jurisdiction of
Ministries and Agencies (Unused National Land) in FY2022(Unit: cases, thousand m2, 100 million yen)
Changes during the year
Assets owned as of the
Newly generated Assets disposed of
end of fiscal 2022
Others (Note 2)
assets(Note 1)
No. of cases
849
48
80
△2
815
Area
3,744
216
127
△7
3,825
Registered value
320
32
22
0
330
(Note 1) “Disposal” indicates assets disposed of due to sales or other reasons including acceptance by a local financebureau, etc.
(Note 2) “Others” indicates assets subject to a change in the management method, separation or consolidation of
accounts, revision of values on the government asset register or actual measurement.
(Note 3) Since figures for the area and registered value are rounded down to the nearest unit, they do not always
correspond to total figures.
Division

Assets owned as of theprevious fiscal year91

Table 34 Current Conditions Regarding the Disclosure of Information on Government Assets(1) Public Announcement/Reporting
Method of Public
Announcement

Item (Relevant Law)

Major contents of information

Time of publicannouncement(scheduled)

Report on changes in value and current value of government
assets (Article 34 of the National Government Asset Act)

National Diet (report), Ministry Quantity and value by category (land andof Finance website
buildings, etc.)

Once a year:
NovemberStatement on the preconditions for the free leasing ofgovernment assets (Article 37 of the National Government
Asset Act)

National Diet (report), Ministry Quantity and value by category (land andof Finance website
buildings, etc.)

Once a year:
NovemberStatement on estimated current value of government assets(Article 28 of the Finance Act)

National Diet (submission)

Quantity and value by category (land andbuildings, etc.)

Once a year: January

Current value of government assets (Article 46 of the Finance
Act)

Official Gazette / Ministry of
Finance website

Quantity and value by category (land andbuildings, etc.)

Once a year: April(2) Information Services (PR)1) Regular Publications
Item

Major contents of information

Outline of government assets, current value of government assets and changes in the value
Ministry of Finance Statistics Monthly: “Specialof government assets, government investment, statistics on administrative assets, statistics
Issue on Government Assets”
on non-administrative assets

Time of publicannouncement(scheduled)

Once a year: March

2) Website of the Ministry of Finance (the page concerning "Government assets")
Item

Major contents of information

Time of publicannouncement(scheduled)

Current value of government assets, results of inspections of government assets, current
status of non-administrative assets (unused national land), information on the sale ofgovernment assets (linked with websites of Local Finance Bureaus)

As need arises

Case data of national patentrightsRegistration No., title and duration of the intellectual property rights (patent rights,
copyrights, trademark rights, utility model rights) belonging to the government

Once a year:
November

Government-held Shares

Outline of shares held by the government, sale of shares held by the government

As need arises

Topics and press releases

Topics and press releases concerning government assets

As need arises

Related materials and data

Government asset statistics and reports to the Diet on government assets

As need arises

Outline of government assets

List ofgovernment
assetsStatutes and directives concerning government
Instructions and directives concerning government assets
assetsReports, press releases, and minutes of the Fiscal System Council, Government Asset
Councils and study groups
Subcommittee
Systems concerning government assets and status of initiatives for the administration ofGovernment Asset Report
government assets

Publications

As need arises
As need arises
Once a year: AugustPamphlet titled "Government
Asset Administration
Examples of use of national government assets closely related to regional needs (linked toContributing to Regional
the websites of local finance bureaus)
Development"

Once a year: July

Outline of government assets, current value of government assets and changes in the value
Ministry of Finance Statistics
of government assets, government investment, statistics on administrative assets, statistics
Monthly: “Special Issue onon non-administrative assets (linked with the website of the Policy Research Institute of theGovernment Assets”
Ministry of Finance)

Once a year: May

3) Government Asset Information Disclosure System
Major contents of information

Time of publicannouncement(scheduled)

Government assets sale
information

Location, quantity, legal restrictions, transportation, and nearest station of the properties
offered for general competitive bidding by local finance bureaus nationwide and those thatcan be immediately purchased (linked with websites of Local Finance Bureaus)

As need arises

Other sale information

Sale information on public assets held by local governments and government assets held byministries and agencies (linked with websites of Local Finance Bureaus)

As need arises

E-mail newsletter on
government asset information

Properties offered for bidding by local finance bureaus nationwide and their bid opening
results, information on acceptance of requests for property acquisition for official and public
purposes, information on temporary leases, information on fixed-term leases of land forbusiness and other notices on government assets

As need arises

Survey ofgovernment
assetsCase data of government assets

Location, quantity, price, legal restrictions (such as zoning and floor-area ratio) and map
data of government assets that exist across the country are provided for each caseOnce a year:
NovemberLease ofgovernment
assetsInformation on properties thatcan be leased

Location and quantity of properties that can be leased by fixed-term lease for business orused tentatively (temporary lease) by local finance bureaus nationwide (linked with websitesof local finance bureaus)

As need arises

Item

Purchase ofgovernment
assets92

Addresses, Telephone Numbers and Websites of Finance Bureaus, etc.
Name of the Ministry and
Local Finance Bureaus, etc.
Ministry of Finance
Hokkaido Local Finance
BureauTohoku Local Finance
BureauPostal code
100－8940
060－8579
980－8436

Kanto Local Finance Bureau 330－9716
Hokuriku Local Finance
Bureau921－8508
Tokai Local Finance Bureau 460－8521
Kinki Local Finance Bureau
Chugoku Local Finance
BureauShikoku Local Finance
BureauKyushu Local Fianance
BureauFukuoka Local FinanceBranch Bureau
Finance Department,
Okinawa General Bureau

540－8550
730－8520
760－8550
860－8585
812－0013
900－0006

Addresss

Telephone(main switchboad)

3-1-1 Kasumigaseki, Chiyoda-ku, Tokyo
03-3581-4111
Sapporo Joint Government Building No. 1, Kita 8-jo Nishi 2-chome, Kita-ku,
Sapporo-shi, Hokkaido
011-709-2311
Sendai Joint Government Building, 3-3-1 Honcho, Aoba-ku, Sendai-shi,
Miyagi022-263-1111
Saitama Shintoshin Joint Government Building No. 1, 1-1 Shintoshin, Chuoku, Saitama-shi, Saitama
048-600-1111
Kanazawa Shinkanda Joint Government Building, 4-3-10 Shinkanda,
Kanazawa-shi, Ishikawa
076-292-7860
3-3-1 Sannomaru, Naka-ku, Nagoya-Shi, Aichi
Osaka Joint Government Building No. 4, 4-1-76 Otemae, Chuo-ku, Osakashi, Osaka
Hiroshima Joint Government Building No. 4, 6-30 Kami-Hacchobori, Nakaku, Hiroshima-shi, Hiroshima
Takamatsu Sunport Joint Government Building (South), 3-33 Sunport,
Takamatsu-shi, Kagawa
Kumamoto Joint Government Building, 2-10-1 Kasuga, Nishi-ku,
Kumamoto-shi, Kumamoto
Fukuoka Joint Government Building, 2-11-1 Hakataeki-Higashi, Hakata-ku,
Fukuoka-shi, Fukuoka
Naha Second Joint Government Building No. 2, 2-1-1 Omoromachi, Nahashi, Okinawa

Financial offices are established in Prefectures without a financial bureau.

93

Websitehttps://www.mof.go.jp/
https://lfb.mof.go.jp/hokkaido/
https://lfb.mof.go.jp/tohoku/
https://lfb.mof.go.jp/kantou/
https://lfb.mof.go.jp/hokuriku/

052-951-1772

https://lfb.mof.go.jp/tokai/

06-6949-6390

https://lfb.mof.go.jp/kinki/082-221-9221

https://lfb.mof.go.jp/chugoku/

087-811-7780

https://lfb.mof.go.jp/shikoku/

096-353-6351

https://lfb.mof.go.jp/kyusyu/

092-411-5095

https://lfb.mof.go.jp/fukuoka/

098-866-0091

https://www.ogb.go.jp/zaimu

Table 35 Results of Disposal, etc. of Unused National Land
Condition

Changes during the Year (Note 1)

Property in the end of last FY
Cases

Category
Properties to be used by local
governments, etc.
Properties to be disposed of(Note 2)

Total

Areas

(Unit: cases, thousand m2, 100 million yen)

Appearance property

Registered
value

Cases
50

Disposal property

Registered
value

Areas
313

Cases

66

29

Increase or decrease due to changes (Note 3)

Registered
value

Areas

Cases

46

56

Registered
value

Areas

253

2,629

3,421

(1,004)(3,240)(1,078)

2,479

4,601

1,419

78

217

40

208

195

44

16

277

2,732

7,231

4,841

128

531

107

237

259

91

72

1,705

231

224

66

Properties sold (Note 4)64

As of the end of FY2022

1,428

394

Cases

Areas

Registered
value

330

4,307

3,835

(1,006)(3,425)(1,120)

32

2,365

4,901

1,447

426

2,695

9,208

5,283

(Note) 1. These figures represent the status of progress in the disposal of non-administrative assets that belong to the general account of the Ministry of Finance and are classified as unused national land in fiscal 2022.
2. “Properties to be disposed of” refer to the properties to be disposed of through general competitive bidding, etc.
The figure in ( ) above indicates properties difficult to dispose of, such as those currently in disputes over boundaries, those that fail to meet the criteria under the Building Standards Act in terms of access to roads, and those located inareas subject to land readjustment projects.
3. "Increase or decrease due to changes" refer to changes due to the change of categories, actual measurements, price revisions in the government asset register, etc.
4. The value of "properties sold" is 9.9 billion yen.
5. Since figures for the area and registered value are rounded down to the nearest unit, they do not always correspond to total figures.

94

Table 36

The Sum of Each Item of Unused National Land Held by Government(Unit: cases, 100 million yen)
Property for non-governmental use

Category

Property used by thegovernment

Cases

NationTotal

67

of which, the propertytransferred as
payment in kind8Component ratio(Note)

Registeredvalue

Property to be usedby localgovernments, etc.

Property not subject
to open competitive
bidding

Unsold property

Cases

Registered
value

Cases

Registered
value

Cases

Registered
value

Cases

766 2,628

4,515

263

3,068

429

173

353

38

8

149

37

4

993

2.5% 14.5% 97.5% 85.5% 9.8% 58.1% 15.9%

Property hard to be
sold
Cases

Registered
value

Cases

Registered
value

764

102 1,172

1,172

2,695

5,283

282

47

260

1,001

3.3% 28.3%

Registeredvalue

Component ratio of theproperty transferred as
payment in kind

Total

524

357 37.1%

1.9% 43.5% 22.2% 100.0% 100.0%

1. Figures are as of the end of FY2022.
2. Since figures for the value are rounded down to the nearest unit and figures for the component ratio are rounded off to the nearest unit, they do not always correspond to total figures.

95

Cases

Registered
value

6.8%

Table 37 Current Conditions of Acceptance of Property (Land) Transferred as Payment in Kind
(Unit: cases, thousand m2, 100 million yen)
Fiscal Year
Unusedland

Property
with rights

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Cases

77

103

45

66

33

14

32

21

15

8

Volume

102

112

37

94

35

18

31

18

11

15

29

38

18

26

9

7

11

4

3

5

Cases

170

59

35

65

81

30

68

21

49

30

Volume

26

14

5

6

13

5

9

3

8

3

22

9

6

5

12

5

11

4

10

5

Registered
value

Registered
value(Note)

1. "Property with rights" refers to the property for which land lease or tenancy contracts are concluded.
2. The numbers of cases are based on the administrative data obtained from local finance bureaus.
3. Figures for the volume and registered price are rounded off to the nearest unit.

96

Table 37 Reference(cases)300
250

Property with rights

247

Unused Land

200
150

170

162

100
50

0

131

59
80

77

FY2013103

FY2014FY2015

100

65
81

35
45

114

66
FY2016

44
30

33

14

FY2017FY201897

68

32
FY2019

64
42
21

49

21

15

FY2020

FY202138
30
8FY2022

Table 38 Bid Results for Unused National Land (General Account)(Unit: cases, 100 million yen, %)Performed
year

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

General competitive bidding
Number of
Performed cases
Contract pricecontracts

(
(
(
(
(
(
(
(
(
(

670 )
1,501
540 )
1,265
504 )
1,322
257 )
1,341
436 )
1,238
376 )
1,065
312 )
857
215 )
741
191 )
574
133 )
485

(
(
(
(
(
(
(
(
(
(

296 )
652
242 )
542
231 )
633
121 )
817
195 )
576
122 )
356
80 )
222
87 )
299
104 )
276
75 )
202

(
(
(
(
(
(
(
(
(
(

Rate of conclusion

114 )
777
86 )
829
111 )
557
61 )
1,311
111 )
325
36 )
113
14 )
126
33 )
108
36 )
96
19 )
41

43.4
42.8
47.9
60.9
46.5
33.4
25.9
40.4
48.1
41.6

(Note) 1. The figures show the status of contracts awarded through general competitive bidding(including negotiated contracts without successful bidder) in each fiscal year and include
contracts signed in the following fiscal year.
2. Figures for the contract price are rounded off to the nearest unit.
3. Figures in parentheses are for the property transferred as payment in kind.
4. Includes bid results for assets other than unused national land.

98Table 38 Reference(cases)3,500

100%
Performed cases

3,000

90%

Number of contracts

80%

Rate of conclusion

2,500

70%
60.9%

2,000

47.9%

43.4%
1,500
1,501
1,000

500
0

652

FY2013

42.8%
1,265

542
FY2014

1,322

60%
46.5%

1,341

40.4%

1,238

817

FY2016FY201799

FY2018

50%
40%

25.9%

30%

857

20%

576
356

FY2015

41.6%

33.4%
1,065

633

48.1%

222
FY2019741
299
FY2020574
276
FY2021

485

10%

202

0%

FY2022

Table 39 Status of the Sell-off of Government Assets with Rights (Land)(Unit: cases, 100 million yen)
Overall properties

Properties transferred
as payment in kind

Cases

Cases

Fiscal Year
Value

Value

2013

1,013

174

802

140

2014

853

183

661

116

2015

786

116

611

99

2016

658

109

511

84

2017

628

143

492

87

2018

620

90

491

72

2019

551

86

436

72

2020

398

62

298

56

2021

540

122

442

116

2022

595

129

471

94

(Note) Figures for the contract price are rounded off to the nearest unit.

100Table 39 Reference
Status of the sell-off of national
property with rights
Properties transferred as payment
in kind(cases)
1,500

1,000

1,013

802

853

786
661

611

658

628
511

500

620
492

491

551

595

540
436

442

398

471

298

0

2013

2014

2015

2016

2017

101

2018

2019

2020

2021

2022
(Fiscal Year)Table 40 Measures Previously Taken to Diversify the Methods of Managed Disposal
Implementation year

Details of Measures Taken

Fiscal 1994

・The system to sell-off properties at posted prices is established.
Properties covered: Small-scale properties transferred as payment in kind (land: notexceeding 300m2, building: not exceeding 200m 2)

Fiscal 1995

・The sell-out system based on the registration in REINS is adopted.
Intended for: properties for which successful bids are not made under the generalcompetitive bidding system

Fiscal 1999

・A period bidding system based on mail is introduced.

Fiscal 2000

・Bidding with the securitization requirements under the SPC (special purpose company)
Act is implemented.
Properties covered: 6 unused land properties and 8 properties with rights
・The intermediary bidding system is adopted.

Fiscal 2001

・Implementation of the first district planning utilization general competitive bidding

Fiscal 2002

・A disposal-type trust is introduced.
The trust is established to add value to unused national land which is difficult to sell in thepresent condition by preparing and subdividing it to sell.
・The system of bidding with the minimum sell-off price posted is introduced.
Properties covered: Real estate not exceeding 1,000m 2 transferred as payment in kind.
Note: The system to sell-off properties at posted prices is discontinued with theintroduction of the system to sell-off properties at posted prices.

Fiscal 2003

・Area limit to the system of bidding with the minimum sell-off price posted is abolished.

Fiscal 2006

・A property exchange system is introduced to facilitate sell-off.
Properties covered: Of those properties which are difficult to sell, irregular shaped andother land lots with inferior conditions. Of properties with rights,
land lots with leasehold.
・An electronic bidding system is adopted. ... Intended for: fixed-term bidding

Fiscal 2008

・The two-stage general competitive bidding system is introduced.
・The defect disclosure sell-off system is introduced.
・Open competitive bidding for government assets is introduced.

Fiscal 2009

・Managed disposal-type trust (property with rights) is established.

Fiscal 2010

Fiscal 2011

・The system to lease land utilizing the fixed-term land leasehold is introduced.
・Land is offered for lease to local governments with the aim of improving social
welfare facilities (including sublease from local governments).
・Land is offered for lease to social welfare corporations with a view to improving
facilities for social welfare.
・Expanded operation of land exchange
When the counterparty is a local government, and the government assets can be sold only
to the local government, considering the situation of use of the government assets, anextended operation is carried out so that the exchange of properties can be achieved even
if the national government does not need to sell the property.
・The availability of the loaning system is amplified by making use of fixed-termleasehold.
The fixed-term leasehold system for business purposes is adopted, which is intended forproperties hard to sell, or that remain unsold.

102

Fiscal 2012

・The bidding system disclosing the lowest contract price is revised.
Intended for: all types of real estate, including real estate transferred as payment in kind

Fiscal 2014

・Started distribution service of “E-mail Newsletter of Government Asset Information”
to distribute updated information on sell-off of government assets and issue alerts about
fictitious stories about government asset acquisition

Fiscal 2017

Fiscal 2019

Fiscal 2022

・Review of the procedure for management and disposal of government assets, focusing on
negotiated contracts for public works projects
Public announcement and invitation for estimates of contract prices for all negotiatedcontracts for public works; abolition of the system of leasing government assets on
condition of subsequent sell-off
・Promotion of effective use of government assets
The national government reserves ownership for scarce national land with high utility
and leases out such land under fixed-term leasehold, thereby ensuring its optimal use, inorder to meet the needs for community while preparing for the demand for administrative
use by future generations.
・Started posting information on the “Nationwide Vacant House and Vacated Site Bank”
Posting of information biddings and applications received on a first-come-first servebasis on a private-sector website providing real estate information
・Adoption of the sell-out system taking advantage of mediation by real estate brokers
・Participation in Land Policy Promotion Councils
Local Finance Bureaus, etc. participated in the Land Policy Promotion Councils
established in ten locations nationwide, and made efforts to collect information
concerning challenges and needs in local communities. They started providing council
members (e.g., local governments and related professional associations) with information
concerning the sale or tentative use of government assets.
・Enhancement of the use of the entrusted management system
The use of the entrusted management system has been enhanced to ensure that the
management of unsold assets with no offer to purchase or lease can be entrusted toowners of adjacent land, etc. only if it is found to be difficult to entrust local
governments, etc. to manage these assets.

103

Table 41 Number of Land Trusts EstablishedType of trust

Local
Financial

Kanto Local
Financial
Disposal type
BureauManageddisposal type

Kinki Local
Financial
Kanto Local
Financial
Bureau(Unit: cases, ha)Contract year

No. of cases

Areas

Fiscal 2002

309

45

Fiscal 2003

280

41

Fiscal 2004

308

41

Fiscal 2005

153

12

Fiscal 2006

46

11

Fiscal 2004

72

16

Fiscal 2009

240

14

Fiscal 2015

486

18

1,894

197

Total

(Note) Since figures for the area are rounded off to the nearest unit, they do notalways correspond to total figures.

104

Table 42 Number of national land lots leased using fixed-term leasehold

End of Fiscal
Year(Unit: cases)

Field of social welfare (A)ChildcareLong-term care

Services for
People with
Disabilities

Medical Services

Other fields (B)

Total

Total

2010

0

0

0

0

0

0

0

2011

9

0

1

0

10

0

10

2012

12

2

3

0

17

0

17

2013

17

9

3

0

29

1

30

2014

27

11

5

0

43

2

45

2015

39

14

5

1

59

2

61

2016

50

19

5

1

75

2

77

2017

61

38

7

1

107

3

110

2018

65

53

7

1

126

3

129

2019

68

59

7

1

135

3

138

2020

70

63

7

1

141

3

144

2021

71

64

7

1

143

3

146

2022

72

64

7

1

144

4

148

(Note) Excluding national land lots for which the national government has succeeded to the leasehold under the fixed-term lease agreements as a result of
payment in kind, etc.

105

Table 43 The History and Structure of NTT Stock Held by the Government
15.6 million shares (Amount of total shares issued on the establishment of NTT)
(Capitalized at 780 billion yen, valued 50 thousand yen per share)
Special Account for Industrial Investment(one-third) 5.2 million shares

National Debt Consolidation Fund Special Account(two-thirds) 10.4 million shares

Paragraph 1, Article 4 of the Act Concerning
Nippon Telegraph and Telephone Corporation, etc.
Paragraph 12, Article 3 of the Supplementary
Provisions of the same act
Paragraph 17 of the Supplementary Provisions of
the Act on Industrial Investment Special Account(Note 1)

Paragraph 1, Article 4 of the Act Concerning Nippon
Telegraph and Telephone Corporation, etc.
Paragraph 12, Article 3 of the Supplementary
Provisions of the same act
Article 16 and Paragraph 1, Article 18 of the
Supplementary Provisions of the Act on National Debt
Consolidation Fund Special Account (Note 1)

Execution of stock sale
FY1986 1.95 million shares
FY1987 1.95 million shares
FY1988 1.50 million shares

5,000,000 shares(Market holding) 5,400,000 shares*In November 1995, the Company put a 1-to-1.02 share split into effect(Held by the Special Account for Industrial Investment)(Held by the National Debt Consolidation Fund Special Account )5,304,000 shares

5,100,000 shares(Market holding)
5,508,000 shares
Execution of stock sale
FY1998 1 million shares

4,100,000 shares

6,508,000 shares*In July 1999, NTT repurchased and cancelled its own shares (48,898 shares: Of these, 48,000 held by the National Debt Consolidation Fund Special Account).

(Held by the National Debt Consolidation Fund Special Account )(Market holding)

4,052,000 shares

6,507,102 shares
Execution of stock sale
FY1999 0.952 million shares

3,100,000 shares

7,459,102 shares*In February 2000, NTT repurchased and cancelled its own shares (28,512 shares: Only Market holding).
(Held by the National Debt Consolidation Fund Special Account )3,100,000 shares(Market holding)
7,430,590 shares
Execution of stock sale
FY2000 1 million shares

2,100,000 shares

8,430,590 shares*Issued 300,000 new shares in November 2000. (capital increase through public share offering)(Held by the National Debt Consolidation Fund Special Account)
2,100,000 shares(Market holding)
8,730,590 shares*In October 2002, NTT repurchased its own shares (200,000 shares: Of these, 91,800 held by the National Debt Consolidation Fund Special Account).
(Held by the National Debt Consolidation Fund Special Account)
2,008,200 shares(Market holding (Including treasury stock))
8,822,390 shares*In March 2003, NTT cancelled its own shares (202,145 shares: Of these 2,100 held by buying fractional lot).
(Held by the National Debt Consolidation Fund Special Account)
2,008,200 shares(Market holding)
8,620,245 shares*In October 2003, NTT repurchased its own shares (72,381 shares). (The government sold 85,157 shares held by the National Debt Consolidation Fund Special Account.)(Held by the National Debt Consolidation Fund Special Account)
1,923,043 shares(Market holding (Including treasury stock))
8,705,402 shares*In March 2004, NTT repurchased and cancelled its own hares (191,236 shares: Only Market Holding: Of these 800 held by buying fractional lot ).
(Held by the National Debt Consolidation Fund Special Account)
1,923,043 shares(Market holding (Including treasury stock))
8,514,166 shares*In November 2004, NTT repurchased its own shares (850,145 shares) Of these, 800,000 held by the National Debt Consolidation Fund Special Account and 145 held by the market).

(Held by the National Debt Consolidation Fund Special Account)(Market holding (Including treasury stock))

1,123,043 shares

9,314,166 shares*In September 2005, NTT repurchased its own shares (1,116,743 shares). (The government sold 1,123,043 held by the National Debt Consolidation Fund Special Account).
(Held by the National Debt Consolidation Fund Special Account)0 shares
Sale completed
FILP Special Account Investment Account(Market holding (Including treasury stock))

5,304,000 shares

10,437,209 shares

Paragraph 4 Article 224 and Paragraph 4 Article 225
of Supplementary provisions of the Law on Special
Accounts*In January 2009, 1:100 stock split(Held by the FILP Special Account)(Market holding (Including treasury stock))

530,400,000 shares

1,043,720,900 shares*In November 2010, NTT cancelled its own shares (125,461,833 shares)(Held by the FILP Special Account)(Market holding (Including treasury stock))

530,400,000 shares

918,259,067 shares*In July 2011, NTT repurchased its own shares (57,513,600 shares). (The government sold 57,513,600 shares held by the FILP Special Account).
(Held by the FILP Special Account)(Market holding (Including treasury stock))472,886,400 shares

975,772,667 shares*In November 2011, NTT cancelled its own shares (125,461,832 shares)(Held by the FILP Special Account)(Market holding (Including treasury stock))472,886,400 shares

850,310,835 shares*In February 2012, NTT repurchased its own shares (41,820,600 shares). (The government sold 41,820,600 held by the FILP Special Account).
(Held by the FILP Special Account)(Market holding (Including treasury stock))

431,065,800 shares

892,131,435 shares*In November 2013, NTT cancelled its own shares (186,500,000 shares)(Held by the FILP Special Account)(Market holding (Including treasury stock))

431,065,800 shares

705,631,435 shares*In March 2014, NTT repurchased its own shares (26,556,800 shares). (The government sold 26,010,000 shares were held by the FILP Special Account).
(Held by the FILP Special Account)(Market holding (Including treasury stock))

405,055,800 shares

731,641,435 shares*In November 2014, NTT repurchased its own shares (39,168,100 shares). (The government sold 36,156,700 shares were held by the FILP Special Account).
(Held by the FILP Special Account)(Market holding (Including treasury stock))

368,899,100 shares

767,798,135 shares*In July 2015, the Company put a 1-to-2 share split into effect.
(Held by the FILP Special Account)
737,798,200 shares(Market holding (Including treasury stock))
1,535,596,270 shares*In November 2015, NTT cancelled its own shares (177,000,000 shares).
(Held by the FILP Special Account)
737,798,200 shares(Market holding (Including treasury stock))
1,358,596,270 shares* In June 2016, NTT repurchased its own shares (59,038,100 shares). (The government sold 59,000,000 shares were held by the FILP Special Account).
(Held by the FILP Special Account)
678,798,200 shares(Market holding (Including treasury stock))
1,417,596,270 shares*In September 2018, NTT cancelled its own shares (146,000,000 shares).
(Held by the FILP Special Account)
678,798,200 shares(Market holding (Including treasury stock))
1,271,596,270 shares* In September 2019, NTT repurchased its own shares (48,980,000 shares). (The government sold 48,666,700 shares were held by the FILP Special Account).
(Held by the FILP Special Account)
630,131,500 shares(Market holding (Including treasury stock))
1,320,262,970 shares(Held by the FILP Special Account)
1,260,263,000 shares(Market holding (Including treasury stock))
2,640,525,940 shares*In January 2020, 1:2 stock split*In November 2021, NTT cancelled its own shares (278,776,284 shares).
(Held by the FILP Special Account)
1,260,263,000 shares(Market holding (Including treasury stock))
2,361,749,656 shares* In September 2022, NTT repurchased its own shares (92,925,400 shares). (The government sold 92,925,400 shares were held by the FILP Special Account).
(Held by the FILP Special Account)
1,167,337,600 shares(Market holding (Including treasury stock))
2,454,675,056 shares(Held by the FILP Special Account)(Market holding (Including treasury stock))

29,183,440,000 shares (33.3% (Note 2))

61,366,876,400 shares (67.8%)* In July 2023, 1:25 stock split(Note 1) The enforcement of the Act on Special Accounts abolished the Act on Special Accounts for Industrial Investment and the Act on National Debt Consolidation Fund Special
Account.
(Note 2) This is a percentage of shares held by the government according to the duty under the NTT Act. The percentage of government held shares to the total issued shares is 32.2%.
(Note 3) Due to rounding, share numbers may not add up.

106

Table 44 The History and Structure of JT Stock Held by the Government
Amount of total shares issued on the establishment of JT
2 million shares (Capitalized at 100 billion yen, valued 50 thousand yen per share)

Special Account for Industrial
Investment

National Debt Consolidation Fund
Special AccountParagraph 1, Article 2 of the Japan Tobacco
Inc. Act
Article 10 of the Supplementary Provisions of
the same act
Paragraph 17 of the Supplementary Provisionsof the Act on Industrial Investment Special
Account (Note 1)

Paragraph 1, Article 2 of the Japan Tobacco Inc. Act
Article 10 of the Supplementary Provisions of the same act
Article 16 and Paragraph 1, Article 18 of the Supplementary
Provisions of the Act on National Debt Consolidation Fund
Special Account (Note 1)[Held by the Government]
1,000,000 shares〓Summary of the 2002 revision of the JT Act〓
[Obligation of Government Shareholding]
Before revision
At least 2/3 of issued shares(A total of 666,666 shares sold in FY1994 andFY1996)After revision
1) At least 1/2 of the 2,000,000 shares transferredgratis to the government when JT was established2) More than 1/3 of total JT shares issued(A total of 333,334 shares sold in FY2003 andFY2004)

Execution of stock sale

FY1994 394,276 shares
FY1996 272,390 shares
FY2003 44,000 shares (Note 2)
FY2004 289,334 shares
Total 1,000,000 shares(Market holding)
1,000,000 shares
Sale completed*On April 1, 2006, the Company put a 1-to-5 stock split into effect.

FILP Special Account Investment Account(Starting in fiscal 2008)
Paragraph 1, Article 2 of the Japan Tobacco
Inc. Act
Article 10 of the Supplementary Provisions of
the same act
Paragraph 4, Article 225 of the
Supplementary Provisions of the Act on
Special Accounts[Held by the Government]
5,000,000 shares[Obligation of Government
Shareholding] under JT Act
After revision
More than 1/3 of total JT shares issued(shares of which the holder has no voting
right excluded)[Transfer of affiliation]
Shares exceeding the duty of possession
are transferred to the National Debt
Consolidation Fund Special Account(Enforcement in December, 2011)
Paragraph 1, Article 4 of the Act on Special
Measures concerning the Securing of Financial
Resources to Execute Measures Necessary for
Recovery from the Great East Japan Earthquake(Held by the FILP Special Account)
3,333,334 shares(Held by the National Debt Consolidation
Fund Special Account)
1,666,666 shares(Market holding)
5,000,000 shares*Stock split on July 1, 2012 (1 share → 200 shares)(Held by the FILP Special Account)
666,666,800 shares(Held by the National Debt Consolidation
Fund Special Account)
333,333,200 shares(Market holding)
1,000,000,000 shares*In February 2013, JT repurchased 86,805,500 of its own shares (The government sold 80,071,400 shares held by the National Debt Consolidation Fund Special Account.)
Execution of stock sale

FY2012(Held by the National Debt Consolidation
Fund Special Account)0 shares253,261,800 shares(Market holding (Including
treasury stock))
1,333,333,200 shares
Sale completed(66.7%)(Note 1) The enforcement of the Act on Special Accounts abolished the Act on Special Accounts for Industrial Investment andthe Act on National Debt Consolidation Fund Special Account.
(Note 2) The sale in fiscal 2003 was in response to JT’s repurchase of its own shares.
(Held by the FILP Special Account)
666,666,800 shares(33.3%)

107

Table 45 The History and Structure of JP Holdings Stock Held by the Government
Total number of shares issued on the establishment of JP Holdings
6,000,000 shares (capitalized at 300 billion yen)

General account
6,000,000 shares
Paragraph 1, Article 7, and Paragraph
11, Article 36, of the Postal Service
Privatization Act

Number of new shares issued on the dissolution of Japan Post Corporation
144,000,000 shares (with a capital of 3.2 trillion yen)

General account(One-third) 48,000,000
sharesNational Debt Consolidation Fund
Special Account(Two-thirds) 96,000,000 shares

Paragraph 5, Article 38 of the Postal
Service Privatization Act
Article 16 of the Supplementary
Provisions of the Act on National
Debt Consolidation Fund Special
Account (Note 1)

Paragraph 5, Article 38 of the Postal Service
Privatization Act
Article 16 of the Supplementary Provisions of
the Act on National Debt Consolidation Fund
Special Account(Held by the general account)
54,000,000 shares(Held by the National Debt Consolidation
Fund Special Account)* Share split on August 1, 2015 (1 share → 30 shares)(Held by the general account)
1,620,000,000 shares(Held by the National Debt Consolidation
Fund Special Account)
2,880,000,000 shares
Execution of stock sale

Fiscal 2015: 495,000,000 shares(Held by the National Debt Consolidation
Fund Special Account)
2,385,000,000 shares(Market holding)
495,000,000 shares* On December 3, 2015, JP Holdings repurchased 383,306,000 of its own shares (the government sold 382,901,700 shares held by the National Debt Consolidation Fund Special Account.)(Held by the generalaccount)
1,620,000,000 shares(Held by the National Debt
Consolidation Fund Special Account)
2,002,098,300 shares(Market holding (Including treasury
stock))
877,901,700 shares* Transfer of affiliation as a consequence of the April 1, 2016 amendment of the Act on Special Measures Concerning the Securing of Financial Resources to Execute Measures Necessary for Recovery from the Great East
Japan Earthquake(Held by the general account)
1,500,000,100 shares

Transfer of affiliation(Held by the National Debt
Consolidation Fund Special
Account)
2,122,098,200 shares

119,999,900 shares(Market holding (Including
treasury stock))
877,901,700 shares* On September 13, 2017, JP Holdings repurchased 72,833,200 of its own shares (the government sold 72,474,500 shares held by the National Debt Consolidation Fund Special Account.)(Held by the National Debt
Consolidation Fund Special Account)
2,049,623,700 shares(Held by the general account)
1,500,000,100 shares(Market holding (Including treasury
stock))
950,376,200 shares
Execution of stock sale

Fiscal 2017: 990,099,100 shares(Held by the National Debt
Consolidation Fund Special Account)
1,059,524,600 shares(Held by the general account)
1,500,000,100 shares(Market holding (Including
treasury stock))
1,940,475,300 shares* On June 11, 2021, JP Holdings repurchased 276,090,500 of its own shares (the government sold 276,090,500 shares held by the National Debt Consolidation Fund Special Account.)(Held by the National Debt
Consolidation Fund Special Account)783,434,100 shares(Held by the general account)
1,500,000,100 shares(Market holding (Including
treasury stock))
2,216,565,800 shares* On June 30, 2021, JP Holdings canceled its own shares (732,129,771 shares).

(Held by the National Debt
Consolidation Fund Special Account)783,434,100 shares(Held by the general account)
1,500,000,100 shares(Market holding (Including
treasury stock))
1,484,436,029 shares*On June 30, 2021, the surplus shares were transferred to the special account under the Act on Special Accounts.

(Held by the general account)
1,255,956,800 shares

Transfer of affiliation

244,043,300(Held by the National Debt
Consolidation Fund Special Account)
1,027,477,400 shares(Market holding (Including
treasury stock))
1,484,436,029 shares

Execution of stock sale

Fiscal 2021: 1,027,477,400 shares(Market holding (Including
treasury stock))
2,511,913,429 shares(Held by the general account)
1,255,956,800 shares* On May 20, 2022, JP Holdings canceled its own shares (110,072,529 shares).

(Market holding (Including
treasury stock))
2,401,840,900 shares(Held by the general account)
1,255,956,800 shares*On May 20, 2022, the surplus shares were transferred to the special account under the Act on Special Accounts.

(Held by the general account)
1,219,266,000 shares

Transfer of affiliation

36,690,800 shares(Held by the National Debt
Consolidation Fund Special Account)
36,690,800 shares(Market holding (Including
treasury stock))
2,401,840,900 shares* On April 20, 2023, JP Holdings canceled its own shares (196,748,200 shares).

(Held by the National Debt
Consolidation Fund Special Account)
36,690,800 shares(Held by the general account)
1,219,266,000 shares(Market holding (Including
treasury stock))
2,205,092,700 shares*On April 20, 2023, the surplus shares were transferred to the special account under the Act on Special Accounts.

(Held by the general account)
1,153,683,200 shares

Transfer of affiliation

65,582,800 shares(Held by the National Debt
Consolidation Fund Special Account)
102,273,600 shares(Market holding (Including
treasury stock))
2,205,092,700 shares* On August 15, 2023, JP Holdings repurchased 103,073,600 of its own shares (the government sold 102,273,600 shares held by the National Debt Consolidation Fund Special Account.)(Market holding (Including
treasury stock))2,307,366,300 shares(66.7%)(Held by the general account)
1,153,683,200 shares(33.3%)(Note 1) The enforcement of the Act on Special Accounts abolished the Act on National Debt Consolidation Fund Special Account.

108

Table 46 The History and Structure of Japan Alcohol Corporation Stock Held by the Government
Total shares issued on the company’s establishment
60,000 shares (capitalized at 3 billion yen)

General account60,000 shares

Execution of stock sale
FY2007: 39,999 shares[Held by the Government]
20,001 shares (33.3%)[Market holding]
39,999 shares (66.7%)

109

Table 47 The History and Structure of NACCS Center Stock Held by the Government
Total shares issued on the company’s establishment
10,000 shares (capitalized at 1 billion yen)

General account
10,000 shares

Execution of stock sale

FY2015: 4,999 shares[Held by the Government]
5,001 shares (50.01%)[Market holding]
4,999 shares (49.99%)110