CORPORATE OVERVIEW 2024
EnglishCONTENTS

TOP MESSAGE / PHILOSOPHY| 03-05

CORPORATE PROFILE| 06

CHANGE OF ACHIEVEMENTS| 07

OUR BUSINESS| 08-11

Rental Apartment Development| 12-13

Condominium Development| 14-15

Office and Commercial Facility Development| 16

Logistics Facility Development| 17

Property Value Adding| 18-19

Real Estate Fund Management| 20International Business| 21

Property Management| 22

WEB SITE©ASCOT CORP. All rights reserved.

| 23

TOP MESSAGE

Ascot is aiming to provide high-quality real estate and real estate related services to customers byflexibly adapting to changes in global lifestyles. Bearing in mind environmental and societal issues,
we want to implement corporate activities that will provide true value to our society.
We will continue to take on challenges to grow as a leading company in the industry.
Representative Director Chairman
Yiwen Luo

Since its foundation, Ascot have been growing by focusing on the development of well-designed
residences. Based on the belief that “Space enriches people's lives” we are currently working on‘expanding the range of asset types’ including office buildings, logistics facilities. Moreover, inYiwen Luo, Chairman / Takeshi Nakabayashi, President

addition to maintaining our traditional real estate development model, we have also started todiversify our business model, such as through establishing a fund/asset management businessand a value-up business for customers in the Asian region. Furthermore, under a key concept
as ’International x Finance x DX’, we intend to expand our customer base and business domain,
and also improve capital efficiency and visibility in our corporate management. In the area ofdigital transformation (DX), Ascot was granted the national DX Certification from the Ministry of
Economy, Trade and Industry (METI) on July 1, 2022.
We will quickly and accurately capture new trends of the industry, and as professionals that create
value in real estate, aim to reach the next level of development while continuing to cherish theventure spirit that we have valued since Ascot’s foundation in 1999.
Representative Director President
Takeshi Nakabayashi©ASCOT CORP. All rights reserved.

3

CORPORATE PHILOSOPHY

PurposeOur purpose is to realize co-existence and harmony
among people, society, and the environment.
•

We enrich people’s lives and society through creating value in real estate.

•

When working to create value in real estate, we always consider co-existence with the environment.

•

Aiming for a sustainable society, we strive to realize harmony among people, society, and theenvironment.

VisionTo be professionals that create value in real estate•

We will create new value by discovering hidden real estate opportunities and connecting potential
needs through innovation that is based on an understanding of social change.

•

We will build a value chain for a wide range of customers through delivering a diverse variety ofproperties and services in the optimum way.

•

By gathering expert individuals, we aim to be a company that consists of real estate professionals.

Value
Innovation and challenge / Customer-centric / Contributing to society

Code of Conduct
Think properly / Carry through / Collaborate©ASCOT CORP. All rights reserved.

4

ASCOT’S BELIEF

Credo

Space enriches people's lives

Comfortable and relaxing spaces. Memorable city landscapes.
There are spaces that have the magical power to energize people.
While pursuing such spaces, we have learned the significance of
our jobs from the light of every window of the buildings we havecreated.
This has encouraged us so many times.
A space created for sheltering people from wind and rain,
has tremendous power that can change the quality of life.
When looking around cities, we find so many locations,which can only reach their potential, if we have a good idea.
Every piece of land and every building
play their own unique role in contributing to society.
Buildings and spaces can empower people.
Space enriches people's lives
This is Ascot’s belief.

©ASCOT CORP. All rights reserved.

5

CORPORATE PROFILE
Ascot Corp.
Address

3-1-30 Jinguame,Shibuya-ku, Tokyo, Japan 150-0001
TEL: 03-6721-0248 FAX: 03-6721-0247

Establishment April 20, 1999
Capital10,867 million yen
Board members
Representative Director, Chairman Yiwen Luo
Representative Director, President Takeshi Nakabayashi
Director Kentaro Toyoizumi
Director Tatsuhiro Tamura
Director Kaipin Kui
Director(External) Masato Takamura
Director(External) Noriko Harada
Full-time auditor (External) Kazuhiko Tanaka
Auditor (External) Shuhei Yoshida
Auditor (External) Kenta Nagao

Stock Listings
BranchSubsidiary company

Tokyo Securities Exchange (Ticker code:3264), Standard
Osaka Branch
Ascot Asset Consulting Corp.
Ascot Capital Co., Ltd.
SHIFTLIFE Co. Ltd.

[Major shareholders]

Ping An Insurance (Group) Company of China, Ltd.
SBI Holdings, Inc.

[Bank of account]

Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
Kansai Mirai Bank, Limited.
The Shoko Chukin Bank, Ltd.
THE SEIBU SHINKIN BANKThe Higashi-Nippon Bank, Limited
Kiraboshi Bank, Ltd.
Resona Bank, Limited.

Our Business• Real Estate Development Business (Rental Apartments, Condominiums,
Office and Commercial facilities, Logistics facilities, etc.)• Real Estate Leasing Business (including Property Value Adding)• Real Estate Fund Management Business• Other Business (Real Estate Investment, Property Management, Brokerage, etc.)
Licenses / Registration• Real Estate License –Minister of Land, Infrastructure, Transport and Tourism No. (1) 10598• Registered first-class architect office – Governor of Tokyo No. 58896• General Real Estate Investment Advisory No.1062• Director of Kanto Local Finance Bureau (Kinsho) No.1190• Money Lending Business – Governor of Tokyo No. (1) 31931• PMS / JISQ15001: 10700010（09）• Qualified invoice issuer registration number: T7011101028617©ASCOT CORP. All rights reserved.

6

CHANGE OF ACHIEVEMENTS

Summary of Financial Statements (Consolidated) 25th [FY09/2023]

Financial Results (Non-consolidated)（¥million）

FY09/2021

FY09/2022

FY09/2023

Revenue

19,80818,044

12,573Gross profit

3,896

3,417

2,884

Operating profit

1,940

1,555

1,018

Ordinary profit

1,652

1,177

406

Net profit

1,282

794

497

（¥million）

Consolidated financial results

Revenue

19,273Gross profit

4,220

Cash and deposits

8,232

SG&A expenses

2,215

Inventory assets

51,684

Operating profit

2,004

Fixed assets

5,434

Ordinary profit

1,009

Total assets

67,818Current liabilities

15,169Net profit attributable to ownersof the parent

IR

For IR information, please visit our website.
https://ascotcorp.co.jp/ir/©ASCOT CORP. All rights reserved.

Consolidated financial position

898

Current assets

Short-term loans payable
Current portionof long-term debt

62,375

4,974
9,002

Long-term liabilities

27,289Long-term debt

27,017

Total liabilities

42,459

Shareholders’ equity

25,352

Total net assets

25,359Total liabilities and net assets

67,818

Capital Adequacy Ratio

37.4%

7

OUR BUSINESS

By offering a wide range of real estate solutions, we will give a shape to new values and thoughts.

Rental Apartment Development
OZIO / ASTILE / FARE
ASTILE studio / TIPETTO / Normalization Room

Real Estate
Fund Management

International Business

Asset Management

Operation and management

Property Value Adding

Property Management

R.coreRental Real Estate Management

Fund Management

Consulting

Condominium Development
ASCOT PARK / KOHAKU

Office and Commercial Facility
Development
AUSPICE

Logistics Facility Development
Apls©ASCOT CORP. All rights reserved.

8

TRACK RECORD

Developed more than 100 buildings
in 23 wards of Tokyo

With respect to our core businesses, namely ‘rental apartment
development’, ‘condominium development’ and ‘office building
development’, we have developed more than 100 buildings in
the heart of Tokyo’s 23 wards. In the future, we plan to expand
our key area to Tokyo and its neighboring 3 prefectures(Kanagawa, Chiba and Saitama), and also continue to provide
highly profitable logistics facilities in metropolitan areas suchas Tokyo, Osaka, Nagoya, Fukuoka and Sendai.

YouTube Official Channel
Videos of our development case studies

Channel registration is available HERE >>>*As of September 2022

©ASCOT CORP. All rights reserved.

9

ADVANTAGE

Reasons why people select new-built
real estate developed by Ascot

Sophisticated planning/ design
10min

We have been pursuing high designability for allproperties we have developed. From theconcept development phase, we capture uniquefeatures of the land and its history, and create
properties with the belief that “Space enriches
people's lives” In recognition of such initiatives,
Ascot has received design awards both in Japanand overseas, including the Good Design Award.

Desirable location – within a 10-minute walk from
popular major stations in the heart of Tokyo
We consider that transportation convenience is the most importantfactor, and focus on “close to station” properties, which are rather
scarce. In the heart of Tokyo, since monthly fee for a parking space is
as expensive as house rent and many people do not own cars, trains
are the main means of transportation. Accordingly, the distance froma station to the apartment is highly important for residents.

Development with a focus on reinforced concrete (RC) construction
RC construction refers to the structure where floors, walls, pillars, and beams are made ofreinforcing steel and concrete, and it excels in fire-resistant, quake-resistant, and noise barrier
performance. The legal durable years, which is one of asset value indicators, is 47 years. Since
the depreciation period is rather long, it is an asset that is unlikely to decline in value.

Favorable size/ specification for investment
We mainly develop small to medium-sized properties,

which may be easy for individual investors to consider
investments and ensure a high-level of liquidity among
investors. By pursuing appropriate specifications without
excessive equipment while ensuring the quality, we
reduce the burden of running costs and repair costs.
©ASCOT CORP. All rights reserved.

One-stop service
We take care of the process from land purchase to product planning andconstruction management by ourselves. After the purchase, to ensure peace ofmind through continuous rental property management, we work closely with ourgroup company, Ascot Asset Consulting, and provide services tailored to theperspectives of both residents and owners.

10GOOD DESIGN AWARD - Main Awarded Properties -Create 'uplifting lifestyles’

while valuing their connection to the city.

GOOD DESIGN AWARD 2022

GOOD DESIGN AWARD 2022

GOOD DESIGN AWARD 2021

GOOD DESIGN AWARD 2021

OZIO Sakurashinmachi

ASTILE Azabujuban

TIPETTO Meguro Fudomae

ASTILE ShinjukuⅠ・Ⅱ
Rental Apartment

Rental Apartment

GOOD DESIGN AWARD 2020

GOOD DESIGN AWARD 2019

GOOD DESIGN AWARD 2014

GOOD DESIGN AWARD 2010

GOOD DESIGN AWARD 2007

FARE KyodoⅠ・Ⅱ

FARE Uehara House EAST・WEST ASCOT PARK Nihonbashi Ningyocho DAIMYO BEAUTY COMPLEX

Rental Apartment

Rental Apartment©ASCOT CORP. All rights reserved.

Rental Apartment

Rental Apartment

Rental Apartment

Condominium

ATELIER

Commercial Facility

GOOD DESIGN AWARD 2021

ASTILE SangenjayaⅠ

STYIM

First Condominium to Receive theGood Design Award (Gold Award)

11

RENTAL APARTMENT DEVELOPMENT
To add new value to rental apartments, we offer urban-type residences with full of ideas that inspire residents to ‘enjoy their lives and discover something’. We
propose residential space that creates ‘uplifting lifestyle’ by adding a nice touch to life, while valuing its connection to the town.

3 product lines by scale

Concept residence for diverse lifestyle

Normalization
Room[OZIO][ASTILE][FARE]［ASTILE studio］［TIPETTO］[Normalization Room]

Italian for “leisure”

From “Ascot” and stile,
meaning “style” in Italian

Italian for “do” or “make”‘Apartment with a

Reorganized the space based

A living space comfortable forMid-rise scale

Small～Medium scale

Small scale

Price range
More than 1 billion yen

Price range
500 million yen or moreliving environment for bothresidents and pets

the diversity of users

Price range
500 million yen or lesssoundproof room’ thatallows for various indoor
activities and enriches the“time spent at home”

on animal-specific ecology
and characteristics. ‘Petfriendly apartment’ aiming at
creating a ‘truly’ stress-freeeveryone, designed with the‘normalization’ principle that
goes a step beyond the conceptof barrier-free design to address※Property names in capital letters on this page are pronounced as in Italian

POINT

01

Added extra charm through dedicate ingenuity, based on a carefully prepared plan with free-flowing ideas

02

Residence that gives a sense of status in living, pursuing the ’quality’ of the space composed of functionality and design

03

Properties with high asset value on selected locations

04

Highly profitable properties achieving both running cost saving and market-beating rent by design and planning©ASCOT CORP. All rights reserved.

12

RENTAL APARTMENT DEVELOPMENT

Product Name
Location
Completion Date
Total floor area
Number of units

OZIO NOOKOZIO Sakurashinmachi

Kameido, Koto-ku, Tokyo

Shinmachi, Setagaya-ku, Tokyo

September 2019

October 2021

1,589.54m²

1801.20m²

46 units

47 units©ASCOT CORP. All rights reserved.

ASTILE Sangenjaya II

ASTILE Harajuku

Sendagaya, Shibuya-ku, Tokyo

FARE Mejiro

Taishido, Setagaya-ku, Tokyo
July 2020

March 2022

November 2021

473.13m²

773.99m²

473.59m²

16 units (2 retail spaces)

16 units (2 retail spaces)

14 units (1 normalized unit)

Zoshigaya, Toshima-ku, Tokyo

13

CONDOMINIUM DEVELOPMENT
Condominium to enjoy urban life, mainly in the highly convenient center of Tokyo. We capture the location-specific context, give ‘distinctive characters’ for eachbuilding, and offer a rich living space that embraces residents and will not fade in color over time.

Condominium which interweaves a story and culture

Compact but comfortable condominium[ASCOT PARK][KO-HA-KU]

The original ASCOT series

A jewel of comfort

Mid-rise / Family

Small～Medium scale / 1～2 persons

POINT

01

Detailed planning and customization pursuing user-friendliness "Semi-order Point System“

02

Creative common space like an art piece

03

Specifications taking into account advance security and disaster prevention safety

04

Considered flexible plans to address future changes in family composition and lifestyles, as well as asset value©ASCOT CORP. All rights reserved.

14

CONDOMINIUM DEVELOPMENT

Product Name
Location
Completion Date
Total floor area
Number of units

ASCOT PARK Morishita

Blanton Nihonbashi-Odenmacho ASCOT PARK Gotanno Vessel

Chitose, Sumida-ku, Tokyo

Chuo-ku, Tokyo

Adachi, Adachi-ku, Tokyo

Sep. 2017

March 2018

October 2020

March 2020

2,663.15m²

1,339.00m²

3,397.86m²

1,195.15m²

32 units

28 units

46 units

24 units©ASCOT CORP. All rights reserved.

KOHAKU Shin-Nakano

Chuou, Nakano-ku, Tokyo

15

OFFICE & COMMERCIAL FACILITY DEVELOPMENT
Under the concept of ’Offices that feel like home, allowing you to work in the same way that you live’, we develop small to medium-sized office buildings withappearances that blend into the city and specifications that incorporate the features of the city.

Workplace that spices up encounters with people[AUSPICE]AU (Japanese for “meet”)+ SPICE (stimulation) = AUSPICE

Small～Medium scale / Small businessand Sole proprietor

POINT

01 Workplace as a ‘place to stay’ with the warm atmosphere and an artistic touch
02 Dense and well-developed common space that are unique to small office buildings

Product Name

03 Good locations and specifications (equipment/environmental performance)

Completion Dateto meet demand for investing in excellent small to medium-sized office buildings©ASCOT CORP. All rights reserved.

Location
Total floor area
Structure / Scale

AUSPICE Aoyama

AUSPICE Omotesando

September 2020

January 2021

576.32m²

861.13m²

RC / 4F, 1BF

Steel structure / 5F

Minato-ku, Tokyo

Minato-ku, Tokyo

16

LOGISTICS FACILITY DEVELOPMENT
Small to medium-sized logistics bases, which play a role in the “last one mile *1” of logistics operators, serve as a hub for large suburban logistics facilities. Witha mechanism and design that matches local characteristics, each of the facilities will further contribute to a better quality of life and economic growth in its local
area. By establishing a logistics facility in a location close to residential area, it will reduce the logistics lead time and CO2 emissions, thus contributing toenvironmental conservation. A logistics facility also creates jobs in the neighborhood, and contributes to solving the issue of insufficient employment.

Furthermore, by serving as a transit point to/from large suburban logistics facilities, it will improve the working environment for drivers.
This way, we consider such logistics facilities can contribute to the society from various angles. Taking advantage of technical/design skills acquired throughapartment development for more than 20 years since Ascot was founded, we will develop advanced logistics facilities that are compatible with residential areas
and urban areas.
*1. The last zone to deliver goods and services from the last logistics base to end-users

Last one mile starting from Ascot to connect people[Ascot Prime Logistics]
Ascot’s logistics facilities, Apls, contribute to solving various social issues from the perspectiveof logistics. We aim at developing logistics facilities that serve as “strategic points (Prime)” forproducers, workers, and consumers.

Advanced

Prime

Link

Sustainability

Product Name

Ascot Prime Logistics Kazo

Taking on a challenge
to develop advanced /innovative logistics
facilities

Creating logistics
facilities that serve as
strategic points for
major cities

Contributing topromoting a link
between producers
and consumers

Contribute to theevolution ofsustainable society

Location

Dote, Kazo City, Saitama

Completion Date

August 2023

Total floor area

8,782.98m²

Structure / Scale

Steel structure / 3F

©ASCOT CORP. All rights reserved.

17

PROPERTY VALUE-ADDING
Renovation of a building to ‘revitalize’ a pre-owned property to satisfy the modern needs. This is not a renovation only on the surface of the building, nor a fullrenovation. We revitalize the “essential part = core of the building” in a way to deliver the full potential of the building with appropriate cost allocation, andeffectively improve profitability.

Change to ‘real estate beloved of people for long years’by identifying its core value[RU-KO-A]
R (from “regenerate”)＋“core”＝regenerating the core
We make proposals for not only comprehensive
repairs, but also appropriate conversion to adifferent use and set-up offices for reducing aburden of initial investment.

Product Name
Location
Completion Date
Total floor area

R.core Harajuku

R.core Asakusabashi

July 1984

March 1988

632.93m²

1,007.51m²

Shibuya-ku, Tokyo

Structure / Scale RC / 4F, 1BF©ASCOT CORP. All rights reserved.

Taito-ku, Tokyo

RC / 7F

18

PROPERTY VALUE-ADDING
For property value-adding, we identify the value of a property, make a re-investment, and effectively refurbish/renovate the property. By adding ‘high level ofdesign quality’, ‘living comfort’ and ‘functionality’ which we fostered in property development business, we create the originality and new value.

Short-term: Corrective Case

Deterioration

劣化

Revitalize

再value生 recovery)(Real estate

Case Study

Restoration

健全化（不動産価値回復）

Ascot Corp. purchases underperforming real estatesand quickly determines the appropriate additional
investment and implements problem-solving measures

as the owner. We revitalize the property to a highquality real estate and pass it on to a new owner.
旧：所 有 者
（Old:owner）

新：所 有 者
（New:owner）

Mid-term: Extensive Case

〈 compound operations including revitalization＋rental / leasing＋development 〉
Deterioration
劣化

Revitalize
再生(Real estatevalue recovery)（不動産価値回復）

Rent
賃貸

Building土demolition
地

Development
開発

Market
市場（建物取壊し）概 ね5 5〜10years～1 0 年
Roughly

Target properties are those that not only face usage and application difficulties, but also old with limited remaining
service life, making it unsuitable for use as a long-term real estate investment. After we resolve existing issues andrevitalize the property as a usable real estate, we can then use it to operate a mid-term rental business. We thendemolish the building when it is no longer usable and develop a new building. By doing this, we revitalize the property
as real estate appropriate for long-term investment into the future and pass it on to a new owner.

©ASCOT CORP. All rights reserved.

R.core Harajuku

19

REAL ESTATE FUND MANAGEMENT
Established in 2021, Real Estate Fund Department is our new business division, which takes advantage of our experience in development business since Ascot
was founded in 1999, as well as its domestic and international networks. As one of the key pillars of our mid-term growth strategy, the Division will form joint
investment funds with investors in Japan and abroad, form new private placement funds, and enter the REIT and other businesses.

Investment Properties

Fund Formation

In addition to rental residences and office buildings in which we have competitive
advantages, we look at a wide range of properties include logistics facilities, hotels,senior living facilities, student accommodations, and data centers, and consider theparticipation from the development phase.

Developing fund concept and investment strategy
Selecting an investment scheme
Establishing governance structure
Equity financing
Preparing documentation / Closing
Fund Management / Value Enhancement
Developing fund management plan
Formulating exit strategy
Portfolio management
Accounting / tax / SPC management
Regular management reporting

RentalApartments

Offices

Logistics Facilities

Commercial
Facilities

Property Acquisition
Market research
Deal sourcing
Selecting / Establishing investment structure
Valuation/Negotiation with sellers over pricing, etc.
Financing arrangement
Preparing documentation / Closing
Property Management

HotelsSenior Living©ASCOT CORP. All rights reserved.

Student
Accommodations

Data Centers

Formulating business plan for property
Formulating value enhancement plan
Tenant leasing
Dealing with trust banks / Liability management / dealing with lenders
Accounting / Cash management / Refinancing
Sale of property

20

INTERNATIONAL BUSINESSWith the excellent investment environment in Japan attracting the attention and interest of global investors, we established the International Division in 2021 aspart of our growth strategy. Our experienced staff provide professional services in both English and Chinese for global customers who are interested in business
investment, including real estate investment in Japan. We provide all in one service from brokerage to property management, our business partners can also
provide the legal, tax, financial service, and other support. We aim to maximize profits and stabilize investment and do the best for our customers. In addition toasset investment, our business partners will provide all aspects of high-level tourism as well as comprehensive medical examination. For mid-term-stay investors
and their family, we will provide service selections including education, medical care, and other service that necessary.
We aim to become the best partner of global investors who are interested in investing in Japan.

Six Comprehensive Supports for Real
Estate in Japan

Service Flow
● Income-producing properties

Visa
Consultation

Property
Management

Real Estate
Investment
Financial

Consultation

Mergers andAcquisitions
Tax
Consultation

Property Type
Selection

Proposing investment

Residences, offices,

Survey on proper pricing Conditional negotiation

Tenant management

investment style andfinancial situation

Logistics facilities,
Hotels, etc.

Legal/regulatory
investigation

Income andexpenditure reporting

approach that suits

Company

Establishment

Tourism
Investment
Legal
Consultation

We and our business partners can also help you with all aspects of yourstay in Japan, including healthcare, nursing, education and leisure.

©ASCOT CORP. All rights reserved.

Consulting

Commercial facilities,

Property Survey

Revenue simulation

Property
Acquisition
Documentation

Post-acquisitionprocedures

Operation andmanagement
Cleaning & repair● Development Properties

Consulting

Site Selection

Proposing investment Investigation of
approach that suits
advantageous locations
investment style and Competitive analysis
financial situation

Planning
Building design
Business income andexpenditure planning
Selection of generalcontractors

Construction
Constructionmanagement
Interior design
HandoverOperation andmanagement
Tenant management
Cleaning & repair
Income andexpenditure reporting

21

PROPERTY MANAGEMENT
Ascot Asset Consulting Corp. is a rental property management company, wholly owned by Ascot Corp. It provides total support for safe, secure and comfortable
life, which helps stable management of rental residences over the long term.

Ascot Asset Consulting Corp.
Address 3-1-30 Jinguame,Shibuya-ku, Tokyo, Japan 150-0001
TEL : 03-6721-0148 FAX : 03-6721-0147
Capital/// SNS//////////////////////////////////////////

13.71 million yen

Representative Director President

Kentaro Toyoizumi

Licenses / Registration
Real Estate License – Governor of Tokyo License No. (5) 81353
Registered as a rental property management business by the Minister of Land,
Infrastructure, Transport and Tourism No. (1) 005973©ASCOT CORP. All rights reserved.

22

WEB SITE

Ascot Corp.
SHIFTLIFE Co. Ltd.

https://ascotcorp.co.jp/

On Sale Properties

https://ascotcorp.co.jp/achievements/sale/

Property Development (Rental Apartments, Condominiums, Incomeproducing properties, Hotels, etc.)
Sales agency, Building management, Sales and Brokerage, etc.

https://shiftlife-corp.com/

Achievements

https://ascotcorp.co.jp/achievements/

IR Information

https://ascotcorp.co.jp/ir/

Photobook OZIO/ASTILE/FARE

This is a photobook of completed rental apartments.
Please use the QR code to view the PDF file.

©ASCOT CORP. All rights reserved.

Ascot Asset Consulting Corp.
For Rent Real Estate Management

https://ascotac.co.jp/

23

CORPORATE OVERVIEW 2024
Issued by Ascot Corp.
25/1/2024 Reserved.