First Quarter of the Fiscal Year Ending December 31, 2024

Explanatory Material for the Financial Results
Samty Co., Ltd. (securities code: 3244)

0

Contents
目次

1.

First Quarter of the Fiscal Year Ending December 31, 2024
Overview of the Consolidated Financial Statements

✓
✓
✓
✓

Earnings Summary
Overview of Consolidated Statements of Income
Overview of the Consolidated Balance Sheets
Financial Condition

2.

First Quarter of the Fiscal Year Ending December 31, 2024
Overview by Segment

✓
✓
✓
✓
✓
✓
✓

✓
✓
✓
✓
✓
✓

P. 07

Earnings Summary by Segment
Earnings Highlights (Capital Gains Businesses)
Real Estate Development Business
Acquisition Results – Land for Development
Real Estate Development BusinessResidential Development Plan (by fiscal year)
Real Estate Development BusinessResidential Development Plan (by area)
Real Estate Development Business
Hotel and Office Development Plan

4． Dividends and Shareholder Returns✓

Dividends and Shareholder Returns

5.

Topics and Sustainability Initiatives✓✓

Six Senses Kyoto Opens
Hotel Kanazawa Becomes a Consolidated Subsidiary & Added to
the List of Hotels for Shareholder Benefits
Started the voco Hiroshima Development Project. Expect toOpen in 2027
SAI Finances a Residential Development Project in Sydney
We are Supporting the ORIX Buffaloes in the 2024 Season, too
Fourth "Dream Classroom" Capstone Class Endorsed by theCompany
Renewal of Official Partnership Contract
Acquisition of BELS Certification for Development Properties

✓
✓
✓
✓
✓
✓

P. 26

P. 28

Real Estate Development Business and Real Estate Solution Business

Sales Results
Overseas Business State of Progress in Projects
Earnings Highlights (Income Gains Businesses)
Real Estate Leasing Business Acquisition Results—Income Properties
Real Estate Leasing Business
Asset Holdings by Region and Occupancy Rates
Hotel Business Hotel Occupancy Rates
Hotel Real Estate Management Business
AUM and Number of Units Under Management

3． Medium-Term Management Plan
Samty Toughening Plan (Post-COVID Version)
Review and State of Progress
✓
✓
✓
✓

P. 02

Basic Policies and Key Performance Indicators (KPIs)
State of Progress of the Investment Plan
State of Progress in Key Performance Indicators (KPIs)
State of Progress in Expanding Group Assets

P. 21

1

First Quarter of the Fiscal Year Ending December 31, 2024

Overview of the Consolidated Financial Statements

First Quarter of the Fiscal YearEnding December 31, 2024

Overview of the Financial Statements

Earnings Summary

Property Sales Are Planned to Be in Q2 or Later, in Accordancewith the Medium-Term Management Plan
Net sales in FY2024 Q1 was about ¥21.7 billion (-19.4% YoY), and operating profit landed at about ¥0.4 billion.
Property sales are planned to be in Q2 or later in order to maximize income gains. We will execute steadily to achieve the full-year plan.
Note: Due to the change in the fiscal year end from November to December, the fiscal year ending December 31, 2024 will be an irregular 13-month period from December 2023 to
the end of December 2024.

Full-year
plan
205,000

Net Sales(¥ mn)
240,000

Operating Profit(¥ mn)
24,000Full-yearplan
21,00020,000180,000

16,000120,000

12,000198,660
60,000101,120

128,470
90,46021,757

0

19,533

17,3558,000

14,083
9,461

4,000

452

0

FY20202020/11期

FY20212021/11期

FY20222022/11期

FY20232023/11期

FY20242024/12期

FY20202020/11期

FY20212021/11期

FY20222022/11期

FY20232023/11期

１Q

Ordinary Profit(¥ mn)

Full-yearplan
13,90018,00015,000

FY20242024/12期
Q1

Q1

１Q
Full-yearplan
11,400

Profit*(¥ mn)
12,0008,000

12,00010,6159,000

15,247

14,441

6,000

15,854

10,012

10,866

10,306

4,000

8,105

3,000

0

0
(3,000)2020/11期
FY20202021/11期
FY20212022/11期
FY20222023/11期
FY2023(2,799)2024/12期
FY2024Q1
１Q(2,602)(4,000)2020/11期
FY20202021/11期
FY20212022/11期
FY20222023/11期
FY20232024/12期
FY2024

Q1
１Q*Profit attributable to owners of parent3

First Quarter of the Fiscal YearEnding December 31, 2024

Overview of the Financial Statements

Overview of Consolidated Statements of Income⚫ Net sales in FY2024 Q1 was about ¥21.7 billion (-19.4% YoY), and operating profit landed at about ¥0.4 billion (-71.9% YoY).
⚫ The sales plan is weighted toward Q2 and beyond, and is expected to move sequentially.

2023/11期１Q
FY2023 Q1

2024/12期１Q
FY2024 Q1

前年同期比
Year
on Year2024/12期
FY2024(Unit: Millions of yen)
（単位：百万円）

実績 l
Actua

構成比
Percent

実績 l
Actua

Increase/増減
decrease

構成比
Percent

売上高
Net
sales

26,983100%

21,757100%-5,225

売上原価Costof sales

21,223

78.7%

17,871

82.1%

4,147

15.4%

3,434

1,613

6.0%

93

Full-year
通期計画

Percent
増減率changePercentage
of進捗率
progressplan

205,000

10.6%-3,352

-

-

15.8%

-713

-

-

452

2.1%

-1,16021,000

2.2%

0.3%

47

0.2%

-46

-

-

3,729

13.8%

3,298

15.2%

-430

-

-

-2,022-7.5%-2,799-12.9%-776

13,900-Extraordinary
特別利益 income

62

0.2%

12

0.1%

-49

-

-

Extraordinary
特別損失 loss

727

2.7%

4

0.0%

-723

-

-

Profit attributable to owners of parent
純利益（親会社株主帰属）-2,227-8.3%-2,602-12.0%-374-

11,400-Earnings
per share (yen)１株当たり純利益（円）-47.88--55.86

-

-7.98

-

244.72-

Selling, general and
販売費・一般管理費
administrative
expenses

営業利益 profit
Operating
営業外収益 profit
Non-operating
営業外費用 expenses
Non-operating
経常利益profit
Ordinary-19.4%-71.9%-

4

First Quarter of the Fiscal YearEnding December 31, 2024

Overview of the Financial Statements

Overview of Consolidated Balance Sheets⚫ The Group’s total assets increased by about ¥57.2 billion from the end of the previous fiscal year. The Company will take the trends offinancial indicators and the market environment into consideration and will continue to accumulate assets in order to achieve our
Medium-Term Management Plan (Post-COVID version).
（単位：百万円）(Unit: Millions of yen)
資産合計
Total
assets2023/11期
Asof Nov. 30,2023
実績2024/12期１Q

As of Feb. 29,2024
実績

Increase/
増減額
decrease

主な増減理由Main reasonsfor increase/decrease

413,454

470,729

57,274◇販売用不動産◇Realestate for sale317,771378,768

60,996

Property acquisitions
物件取得

現金及び預金Cashand deposits

45,28540,504-4,780

振替・保有目的変更、その他
Transfers and other

販売用不動産Realestate for sale

122,117

131,1299,011

仕掛販売用不動産
Real
estate for sale in process

130,096

197,139

67,043

95,60391,867-3,73553,57753,504-72

流動資産
Current
assets

固定資産
Non-current
assets
有形固定資産Propertyand equipment
無形固定資産
Intangible
assetsyen+9,842 mn.
百万円
yen-921 mn.
百万円◇Real estate for sale in◇仕掛販売用不動産
process

Acquisition of land for development, and
開発用地取得・建築費
building costs

yen+79,750 mn.
百万円

Transfers and other
振替その他

yen
-12,710 mn.
百万円

459

454

-5

41,56637,908-3,657302,315360,900

58,585Acquisition of income properties
収益不動産取得

yen+539 mn.
百万円

115,255

113,487-1,767

Transfers and other
振替その他

yen
-580 mn.
百万円

短期借入金borrowings
Short-term

12,68928,63815,948

１年内返済予定の長期借入金
Current
portion of long-term borrowings

59,01855,533-3,485◇Shareholders’equity◇株主資本１年内返済予定のノンリコース長期借入金
Current
portion of non-recourse long-term borrowings

14,844

1,200-13,644

Net
profit for the quarter
四半期純利益yen-2,617 mn.
百万円

Dividend
payments
配当金の支払い

yen-2,375 mn.
百万円

投資その他の資産
Investments
and other assets
負債合計
Total
liabilities
流動負債
Current
liabilities

１年内返済予定の社債
Current
portion of bonds
固定負債
Non-current
liabilities

9,270

9,245

-24

187,060

247,41260,352

長期借入金borrowings
Long-term

154,503

192,427

37,924

Non-recourse
long-term borrowings
ノンリコース長期借入金

10,75031,01020,260社債 payable
Bonds

4,375

6,299

1,924

新株予約権付社債
Bonds
with share acquisition rights

12,00012,000-

純資産
Net
assets111,138

109,828-1,310

負債純資産合計
Total
liabilities and net assets

413,454

470,729

57,274

有利子負債
Interest-bearing
debt

265,450

324,354

58,903

株主資本
Shareholders’equity106,338

101,360-4,977

25.5%

21.1%

-4.4%

自己資本比率Equityratio (%)

（Note: Interest-bearing debt is calculated excluding zero-coupon bonds with stock acquisition rights.)

Property, plant and equipment◇◇有形固定資産5

First Quarter of the Fiscal YearEnding December 31, 2024

Overview of the Financial Statements

Financial Condition⚫ The Company is continuing to invest in growth while focusing on financial discipline. In response to increased borrowings, the Company
is promoting diversification of debt maturities and reduction of average interest rates.
⚫ Long-term borrowings have an average maturity of eight years and an average interest rate of 1.38%, and among them, our borrowings
on income properties have an average maturity of 11.2 years and an average interest rate of 1.37%.
⚫ Strengthened the sustainability perspective in finance, including borrowing through green loans.

Interest-Bearing Debt and Net D/E Ratio

Net D/E
ratio

Interestbearing debt(¥mn.)FY2020

FY2021

Note: (1) Net debt-equity ratio = (Interest-bearing debt - Cash and deposits) / Equity(2) Interest-bearing debt excluding zero-coupon bonds with stock acquisition rights

FY2022

FY2023

FY2024 Q1

6

First Quarter of the Fiscal Year Ending December 31, 2024

Overview by Segment

First Quarter of the Fiscal Year Ending
December 31, 2024

Overview by Segment

Capital gains

Income gains

Earnings Summary by Segment

In the Real Estate Solution Business, sales and profit increased significantly due to steady sales.
And for Overseas Business, the Company is planning to start delivery of the V10 building in the fall of 2024. Sales are
expected to be recorded sequentially.
While the Real Estate Leasing Business posted slight declines in both sales and profit, the Hotel Business posted anincrease in sales due to a recovery in occupancy rates and room rates.
Further improvement in results is expected due to a recovery in inbound demand. In the Real Estate Management
Business, results exceeded those of the same period of the previous year, and they are expected to grow steadily inline with the expansion of the Group’s assets.

（単位：百万円）(Unit: Millions of yen)
売上高
Net
sales

Capitalキャピタル

Incomeイン
カム

Capitalキャピタル

Incomeイン
カム

2023/11期１Q
FY2023 Q1

2024/12期１Q
FY2024 Q1

実績
ActualActual
実績

Operating
利益率
margin

前年同期比Year
on YearOperating
利益率
margin増減
Actual2024/12期
FY2024Full-year
通期計画

Percent
増減率changeplan

Percentage
進捗率
of progress

26,983-21,757--5,225-19.4%

205,000

10.6%

不動産開発事業Real
Estate Development Business

9,166

-

6,651

-

-2,514-27.4%

74,0009.0%

不動産ソリューション事業
Real
Estate Solution Business

1,615

-

8,992

-

7,377

+456.8%78,00011.5%

海外事業
Overseas
Business

11,302-

401--10,900-96.4%

17,0002.4%

不動産賃貸事業Real
Estate Leasing Business

1,742

-

1,493

-

-248

-14.3%

7,300

20.5%

ホテル賃貸・運営事業
HotelBusiness

2,326

-

2,942

-

616

+26.5%

21,70013.6%

不動産管理事業Real
Estate Management Business

1,323

-

1,974

-

650

+49.2%

8,600

23.0%

調整額
Adjustment

-491

-

-698

-

-206

-

-1,600-

営業利益 profit
Operating

1,613

6.0%

452

2.1%

-1,161-

21,0002.2%

不動産開発事業Real
Estate Development Business

1,837

20.0%

1,240

18.6%

-597

-32.5%

11,611

10.7%

232

14.4%

1,004

11.2%

771

+332.0%

11,101

9.0%

1,419

12.6%

-152

-37.9%-1,572

-

1,669

-9.2%

不動産賃貸事業Real
Estate Leasing Business

602

34.6%

600

40.2%

-1

-0.3%

3,240

18.5%

ホテル賃貸・運営事業
HotelBusiness

-788

-

-819

-

-30

-

576

-

58

4.4%

61

3.1%

3

+5.3%

514

12.0%

-

267

-

-7,711-

不動産ソリューション事業
Real
Estate Solution Business
海外事業
Overseas
Business

不動産管理事業Real
Estate Management Business
調整額
Adjustment-1,748

Note: Net sales of each segment include intersegment sales or transfers.

--1,481

8

Overview by Segment

Earnings Highlights (Capital Gains Businesses)

Capital Gains

Real Estate Development
Business

Real Estate Solution
Business

Incomegains

Incomegains

Percent of sales:

30.6%

Capital
gains

•

•

Incomegains

Percent of sales:

41.3%

Capitalgains

In Q1 we sold five properties (for about ¥6.6
billion). We plan to continue selling
properties in a flexible manner while
maintaining a balance with borrowings.
We are promoting the acquisition of BELS
certification for development properties, andstriving to improve not only profitability but
also the social value of our development
properties.

Overseas Business•In Q1 we sold 10 income properties (forabout ¥8.9 billion).
Although the difficulty of procurement isincreasing due to soaring prices anddeclining cap rates, we will continue toclosely monitor market trends and carefully
select investments.

•

Sales of the Sakura Project continue toprogress steadily. Units in V10 that havebeen sold will be delivered starting in the fallof 2024, and we expect to record sales
sequentially.
Based on the success of the above project,
we are participating in The Star Project, thesecond phase of a condominium project in
Ho Chi Minh City, Vietnam, with sales
scheduled to begin in July 2024.

（bil.）（％）（bil.）（％）（bil.）

100,000

30.0

100,000

30.0

19,00078,00080,00080,00014.2

40,00014.4

40,000

12.6

11.2

7,000

10.0
20,00010.02023/11期１Q
2024/12期１Q
FY2023
FY2024Q1

2024/12期
FY2024

1,615 232

0

1,004

FY2023
FY20242023/11期１Q
2024/12期１Q（Plan）（計画）■Net sales ■Segment operating profit ● Segment operating margin

Q1

Q1

10.0

1,669

1,419

11,101

8,992
0.0

9.8
3,000

20,00011,611
6,651

1,240

20.0

11,000

15.7

1,837

11,30220.0
60,000Q1

30.0
17,00015,00020.0

18.6
60,0000（％）

74,000

20.0

9,166

1.8%

Capital
gains

•

•

Percent of sales:

401
0.0

(152)

-1,0000.0

FY20242024/12期

FY20232023/11期１Q

FY20242024/12期１Q

FY20242024/12期（Plan）
（計画）

Q1

Q1

（Plan）（計画）

Note: Net sales for the percent of sales is calculated based on the amount of net sales to third parties.

9Real Estate Development Business
Acquisition Results – Land for Development

Overview by Segment

Capital Gains⚫ In Q1, the company acquired 25 parcels of land (approximately ¥17 billion) for development.
⚫ At this time, plans call for the acquisition of 50 properties (approximately ¥30.2 billion) for development in the current fiscal
year. Progress in purchasing has been good.
⚫ We plan to acquire parcels of land for development of six properties (about ¥7.1 billion) in the next fiscal year and thereafter.

Land for development: Based on acquisition amount (percentage of progress)

通期計画
Full-year
plan
835億円
¥83.5
bn.

2024/12期
１Q
FY2024 Q1
Actual
実績

Percentage of
進捗率
progress

170億円
¥17.0
bn.

2024/12期
FY2024
Expected to
今期決済予定settle this FY

20.4%
20.4
%

Full-year
plan
通期計画

302億円
¥30.2
bn.

835億円
¥83.5
bn.

Expected to2025/12期以降

Actual + planned
実績＋決済予定
settlement

settle next FY
決済予定or later

Percentage of
進捗率
progress

56.5%
56.5
%

472億円
¥47.2
bn.

71億円
¥7.1
bn.

Land for development: Based on number of acquisitions (by region)

北海道
Hokkaido

2024/12期
１Q 取得実績
FY2024 Q1 acquisitions

首都圏

Tokyo
metropolitan
area

中部
Chubu

関西
Kansai

Chugoku/
中四国
Shikoku

九州
Kyushu

合計
Total

--

10件
10

7件
7

3件
3

4件
4

1件
1

25件
25

3件
3

16件
16

13件
13

5件
5

6件
6

6件
6

49件
49

合計
Total

3件
3

26件
26

20件
20

8件
8

10件
10

7件
7

74件
74

Expected to settle
next FY or later2025/12期
以降決済予定

--

2件
2

2件
2

--

1件
1

1件
1

6件6

今期決済予定Expected to settle this FY

10Overview by Segment

Capital Gains

Real Estate Development BusinessResidential Development Plan (by fiscal year)⚫ A total of 69 residential buildings (4,211 units) are scheduled to be completed FY2024. Of these, 16 buildings (1,196 units) werecompleted in Q1.
⚫ We are planning to develop a total of 214 buildings with about 14,200 units in cities across Japan going forward. We will continue topromote residential development.

北海道

首都圏

中部

関西

中四国

九州

Purchasing
in progress(Reference)
Assumed rent ofproperties owned（Buildings）

About ¥7,920mn.

120(Reference)
Assumed rent ofproperties owned

100(Reference)
Assumed rent ofproperties owned

80

About ¥3,606mn.

60

53(3,586 units)103(6,856 units)

About ¥4,325mn.

16 of 69
(1,196 of 4,211 units)

58(4,309units)

40
Of which,
9 buildings are
currently
owned

20

0

FY20232023/11期

FY20242024/12期

FY20252025/12期

FY2026 onward
2026/12期以降（Actual）
実績（Plan）（計画）（Plan）（計画）（Plan）（計画）

Notes: (1) The number of buildings is the total of the development plan and results for S-RESIDENCE and investment unit sales.
(2) Assumed rental revenue is calculated using the number of properties owned and the rents expected from the projects at full occupancy.

11

Overview by Segment

Capital Gains

Real Estate Development BusinessResidential Development Plan (by area)⚫ Future residential development plans by area: Hokkaido: 19 buildings (739 units); Tokyo metropolitan area: 62 buildings (3,369
units); Chubu: 72 buildings (5,538 units); Kansai: 23 buildings (1,906 units); Chugoku and Shikoku: 19 buildings (1,268 units);
and Kyushu: 19 buildings (1,360 units), for a total of 214 buildings (about 14,200 units) scheduled for completion.

Hokkaido
19 building/739 units
Kansai23 building/1,906 units

Chugoku/Shikoku
19 building/1,268 units

Tokyo Metropolitan area
62 building/3,369 units

Kyushu19 building/1,360 units
Chubu
72 building/5,538 units

12

Overview by Segment

Capital Gains

Real Estate Development Business
Hotel and Office Development Plan

⚫ Hotel and office development projects scheduled for completion and opening this fiscal year and beyond are also on track.
⚫ In line with our policy of making strategic investments in regional cities, we are promoting developments focused on cities
where we have branch offices and their surrounding areas.

Type

FY

Hotel

Project Name

Location

Planned Opening(completion)

2024

Banyan Tree Higashiyama Kyoto

Higashiyama-ku, Kyoto

52

Summer 2024 opening

2026

Shangri-La Hotel Kyoto Nijojo Project (tentative name)

Kamigyo-ku, Kyoto

77

Fall 2026 opening

2027

voco Hiroshima

Minamim-ku, Hiroshima-shi

301

2027 opening-

TBD

Sapporo-shi Hotel Project

Sapporo-shi-

Osaka-shi Kita-ku Hotel Project

Kita-ku, Osaka-shi

-

-

430

-

Total: 5 buildings
2024

OfficeNo. of Rooms

2025
2026

Odori-Nishi 5-Chome II Office Building ProjectChuo-ku, Sapporo-shi-

2024 completion

Sapporo-shi Chuo-ku Office ProjectChuo-ku, Sapporo-shi-

2025 completion

Hiroshima-shi Naka-ku Office Project

Naka-ku, Hiroshima-shi-

2025 completion

Hiroshima-ken, Fukuyama-shi Office Project

Fukuyama-shi, Hiroshima-ken-

2025 completion

Nakamura-ku Noritake 1-Chome Office Building Project

Nakamura-ku, Nagoya-shi-

2026 completion--

Total: 5 buildings

Artist’s rendering of the Banyan Tree
Higashiyama Kyoto lobby

Shangri-La Hotel Kyoto Nijojo(artist’s rendition)

Notes: (1) Project names that have the word “Project” in them are tentative names.
(2) The renderings are from the consideration stage of the project and may change in the future.

voco Hiroshima(artist’s rendition)

Nakamura-Ku Noritake 1-Chome Office
Building Project
Entrance (artist’s rendition)

13

Overview by Segment

Capital Gains

Real Estate Development Business and Real Estate Solution Business
Sales Results⚫ In Q1, we sold five properties in our Real Estate Development Business and 10 properties in our Real Estate Solution Business for a
total of 15 properties.
⚫ All properties sold in Q1 were sold to outside parties. We plan to continue property sales from Q2 on to achieve the full-year plan.

Based on number of sales (percentage of progress)
FY2024 Q1１Q
2024/12期
Segment
セグメント

Full-year
plan
通期計画

Percentage of
進捗率
progress

Actual
実績
Real
Estate Development Business
不動産開発事業

Full-year
plan
売却予定

Planned sales
実績＋売却予定

Percentage of
進捗率
progress

55
55件

5
5件

9.1%
9.1%

6件 6

11
11件

20.0%
20.0%

(54件)
(54)

(5件)
(5)

9.3%
9.3%

(6)
(6件)

(11)
(11件)

20.4%
20.4%

--

--

--

--

--

--

(1件)
(1)

--

--

--

--

--

88件
88

10件
10

11.4%
11.4%

7件 7

17
17件

19.0%
19%

143件
143

15件
15

10.5%
10.5%

13件13

28
28件

19.6%
19.6%

(うち S-RESIDENCE)(S-RESIDENCE)(うち 投資分譲)(Investment
unit sales in lots)(うち(Hotelandホテルその他)
other)

不動産ソリューション事業
Real
Estate Solution Business
合計
Total

2024/12期
FY2024

Based on number of sales (by region, Q1-FY2024 results)
Segment/RegionTokyo
metropolitan
area

Hokkaido

Chubu

Chugoku/
ShikokuKansaiKyushu

Total

-

1

-

2

2

-

5

(S-RESIDENCE)

-

(1)

-

(2)

(2)

-

(5)

(Investment unit sales in lots)

-

-

-

-

-

-

-

(Hotel and other)

-

-

-

-

-

-

-

2

2

-

5

1

-

10

2

3

-

7

3

-

15

Real Estate Development Business

Real Estate Solution Business

Total

14

Overview by Segment

Capital Gains

Overseas BusinessState of Progress in Projects⚫ Buildings V８ and V９ are completely sold. Deliveries to customers are also close to being
completed.
⚫ The residential units in V10 and V7 are completely sold, and we are planning to start selling

shophouses in September, 2024.

Timing of Delivery and Status of Sales (As of April 15, 2024)■総戸数（住宅）
Total units (residential) 総戸数（ショップハウス）■Total units (shophouse)

Residential
units aresold out(units)Sold out

1,200■販売戸数（申込ベース）
Units sold (applied for)

1,000
800

Artist’s rendering of an entrance hall

Sold out
Percentage
of progress

600
400
200

Percentage
of progress

Percentage
of progress

Approx.

Approx.

100％

97.4％

Residential
units aresold out
Percentage
of progress

Approx.

Approx.

100％

97.3％

0

Start ofdelivery
Number sold

Artist’s rendering of the living room of aresidence

V8
V8棟

V9
V9棟

V10
V10棟

V7
V7棟

November 2022

January 2023

Fall 2024

Summer 2025

718 units/

1,126 units/

1,103 units/

675 units/

718 units

1,126 units

1,133 units

694 units

Note: In the graph above, “percentage of progress”
is calculated on applications.

15Overview by Segment
Income Gains

Earnings Highlights (Income Gains Businesses)

Real Estate Leasing
Business
Incomegains
Capitalgains••

Sales and profit declined YoY in Q1 due toproperty sales in Q4 of the previous fiscal
year, but the profit margin improved.
We are working to get stable earnings
growth by keeping a close eye on
inflationary trends in the rental market andincreasing rents and common area
management fees as appropriate atproperties we own.
（％）

10,00080.0

Incomegains

Incomegains

Percent of sales:
6.9%(¥ mn.)

Real Estate Management
Business

Hotel Business

Capitalgains••

Percent of sales:
13.5%

Sales increased YoY, but operating profit
decreased due to increased expenses fromnewly opened hotels.
With the recovery of the number of domestic
travelers and inbound visitors, we expect
further improvement in businessperformance leading to achieving our fullyear plan.
（％）(¥ mn.)

24,000Capital
gains

•

•

Percent of sales:
5.9%

Both sales profits increased YoY as AUM(assets under management) and thenumber of units under management
continued to grow steadily.
We are working to improve investment
performance of properties we own andaiming for steady growth with an increasein the number of units under management.
（％）(¥ mn.)

5
21,70010,00030.0

20,000

8,600

4

8,000

7,300

6,000
40.2

60.0

8,000

16,0003

12,000

44.4

2.7

20.0
6,000

40.0

34.6

8,000

2

4,000

4,000

3,240
4,000
2,000

20.0

1,742
1,493
602

(788)

600
0.0

Q1

576

0

0
FY20232023/11期１Q

10.0

2,942

2,326

FY20242024/12期１Q

FY20242024/12期

Q1(Plan)
（計画）

Q1

2,000

0

0

6.0

1,974
1,323

4.4

3.1

58

61

(819)

(4,000)
FY20232023/11期１Q

1

514
0.0

FY20242024/12期１Q

FY20242024/12期

2023/11期１Q
FY20232024/12期１Q
FY20242024/12期
FY2024

Q1(Plan)
（計画）

Q1

Q1

(Plan)（計画）■Net sales ■Segment operating profit ● Segment operating margin
Note: Net sales for the percent of sales is calculated based on the amount of net sales to third parties

16

Overview by Segment
Income Gains

Real Estate Leasing Business
Acquisition Results – Income Property⚫ In Q1, we acquired seven income properties in major cities throughout Japan for about ¥8.9 billion.
In addition, we are planning to acquire 22 income properties (about ¥17.5 billion) during this fiscal year.
⚫ Although we are focusing on acquiring land more than income properties, we plan to acquire 13 income properties (about¥22.8 billion) in the next fiscal year and beyond.

Income properties: Based on acquisition amount(percentage of progress)

2024/12期
FY20242024/12期
１Q
FY2024 Q1

実績
ActualPlanned決済予定
settlement

¥8.9
bn.
89億円

¥17.5
bn.
175億円

Actual + planned
実績＋決済予定
settlement

¥26.4
bn.
264億円

To来期以降be settled
next FY or
決済予定
later

228億円
¥22.8
bn.

Income properties: Based on number of acquisitions (by region)
Hokkaido
北海道

Tokyo
metropolitan
area

首都圏

中部
Chubu

Kansai関西

Chugoku
中四国/Shikoku

九州
Kyushu合計
Total

2024/12期
１Q 取得実績
FY2024 Q1 acquisitions

1
1件

1
1件

1
1件

2
2件

--

2
2件

7
7件

Expected
to settle this FY
今期決済予定

6件
6

3件
3

2件
2

6件
6

1件
1

4件
4

22件
22

7件
7

4件
4

3件
3

8件
8

1件
1

6件
6

29件
29

1件
1

4件
4

--

4件
4

--

4件
4

13件
13

合計
Total
Expected
to settle next 決済予定
FY or later2025/12期以降

17Overview by Segment
Income Gains

Real Estate Leasing Business
Asset Holdings by Region and Occupancy Rates⚫ We own 154 rental properties (total book value of about ¥128.4 billion), including residences, hotels, and offices. Of these, theoccupancy rate for residential properties is continuing to be steady, at around 96%.
⚫ We have created a well-balanced portfolio by holding properties throughout Japan.

Residential Occupancy Rates

Asset Holdings by Region
Hokkaido
6.4%

Koshinetsu
0.9%

（％）

100
Chubu
18.6%

Kansai30.7%

Chugoku/
Shikoku
8.4%

Kyushu28.8%

Tokyo
metropolitan area

94.6 94.5

95.4

94.5

95.6 95.7

94.5 94.6 94.8 94.3 94.0
93.4

95.6

90

6.1%

Asset Holdings by Asset Type
80
Other
2.6%

Residential
70.9%

Hotel
8.2%

0

Office18.3%

１Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q
2021/11期
FY2021

Note:

Data is as of February 29, 2024. The total is based on the total book valueof real estate for sale and non-current assets owned by the Samty Groupon a consolidated basis.

Note:

FY20222022/11期

2023/11期
FY20232024/12期
FY2024

Average occupancy rate at end of each quarter
Total floor area basis (weighted average): Total leased area of each property/total floor area
Excluded from the total are special properties, such as newly built properties or properties
that are acquired that have not passed a certain period of time.

18Overview by Segment
Income Gains

Hotel Business Hotel Occupancy Rates⚫ We added Hotel Kanazawa to our participating hotels.
The number of our participating hotels is steadily increasing, and we have plans to develop five more hotels
in the future.
⚫Average occupancy rates are steadily recovering. The number of foreign tourists is increasing in
addition to the number of domestic tourists, and further increases in occupancy rates and averageroom rates are expected.

Hotels in Which Samty Is Involved
エリア
Region

ホテル名称
Hotel name

備考
Remarkセンターホテル東京
Center Hotel Tokyo

108 108

エスペリアイン日本橋箱崎

114

首都圏
Tokyo
S-PERIA INN Nihombashi Hakozaki
metropolitan
メルキュール東京羽田エアポート
area
Mercure Tokyo Haneda Airport
ホテルサンシャイン宇都宮

中部

客室数
Rooms

363

開発・運営
Developed and114

Developed運営

Hotel Sunshine Utsunomiya
イビススタイルズ名古屋

284 160

Operated
開発

Ibis Styles Nagoya
メルキュール飛騨高山

161 284

Developed
開発

Mercure Hida Takayama
Chubu ホテル金沢

Developed
163 161保有・運営

Hotel Kanazawa
エスペリアイン大阪本町

125 163開発・運営
operated

S-PERIA INN Osaka Hommachi
アロフト大阪堂島

Developed and
305 125 保有
operated

Aloft Osaka Dojima
エスペリアホテル京都

Owned
165 305開発・運営

225 165

Developed andoperated
開発

Mercure Kyoto Station

140 225

Developed

Agora Kyoto Karasuma

140
80

Developed

アゴーラ京都四条

関西
Agora Kyoto Shijo
Kansai オークウッドホテル京都御池
Oakwood Hotel Kyoto Oike

GOZAN

開発

Owned
81 21開発・保有

86

Amano Hashidate Hotel

ホテル
ザ・パヴォーネ(including
Auberge)(ネスタリゾート神戸)
Hotel the Pavone (Nesta Resort Kobe)
ネストホテル広島八丁堀
Nest Hotel Hiroshima Hatchobori
中国
Chugoku
ネストホテル広島駅前
NEST Hotel Hiroshima Station

109

81

Developed and
owned
保有

86

Owned

保有・運営
Owned and109

operated

126 126

保有
Owned

84 84

保有
Owned

エスペリアホテル博多
S-PERIA HOTEL Hakata

Developed and287 287開発・運営

九州
エスペリアホテル福岡中洲
S-PERIA HOTEL Fukuoka Nakasu
KyushuDeveloped and
87 87開発・運営
operated

エスペリアホテル長崎
S-PERIA HOTEL Nagasaki
合計
Total

23ホテル
23 hotels（％）

Developed
80開発・保有120
Developed and
120
21
owned
保有

Six senses Kyoto

天橋立ホテル（オーベルジュ含む）

Semi-state of
emergency(Tokyo)開発

GOZAN

シックスセンシズ 京都

State of emergency(Tokyo)Owned andS-PERIA HOTEL Kyoto

アゴーラ京都烏丸

Go To campaigns(all Japan)

operated開発

160 363

メルキュール京都ステーション

Average Occupancy Rates

運営
Operated

operated

155 155

運営
Operated

3,549室
3,549
rooms

Note: Calculated based on a weighted average of the average occupancy rate of each hotel as of theend of each month.
Excluded from the total are properties that have been open less than one year.

19Overview by Segment
Income Gains••

Real Estate Management Business
AUM and Number of Units Under Management•

AUM reached the ¥390 billion level atthe end of January 2024.
AUM is expected to expand due to anincrease in assets under management
and the formation of a hotel REIT. We
will continue to share properties as asponsor.

•AUM（¥ bn）

REIT

Number of Units Under Management(units)私募(サブAM等を含む)¥393.8 billion

8,000
800

The number of units under management by
SPM reached the 32,000 level, and isincreasing steadily.
In addition to an increase in the number ofproperties owned by Samty Residential
Investment Corporation, more than 14,000
units of properties developed by theCompany are scheduled for completion in thenext fiscal year and beyond. Steady
expansion is expected in the future.

Approx.

32,000 units

50,000

Number is steadily
increasing

AUM is growing
steadily

40,0006,000
600

30,646
382.7

400
4,000

30,000

393.8

317.8

20,000

262.4
200
2,000

32,032

25,91017,85810,0000
End of
2021/1末
Jan. 2021

End of
2022/1末
Jan. 2022

End of
2023/1末
Jan.2023

0
End of
2024/1末
Jan. 2024

End of2025/1末
Jan.2025(target)End of
End of
End of
End of
End of
2021/11末
2022/11末
2023/11末
2024/12末
2025/12末
Nov. 2021 Nov. 2022 Nov. 2023 Dec. 2024 Dec. 2025
(target)20

Medium-Term Management Plan

Samty Toughening Plan (Post-COVID Version)
Review and State of Progress

Review of the MediumTerm Management Plan

Basic Policies and Key Performance Indicators (KPIs)⚫ The retooled Medium-Term Management Plan of January 2021 takes a look at social trends and has a plan to transform ourstructure to expand stable earnings.
⚫ The goal is to maintain an equity ratio of 30% and aim for approximately double the net sales and operating profit at the time
the plan was formulated, by the end of FY2025 (Dec.).
Basic Policies

1

Switch to a “develop and own”
business

2

Establish a hotel REIT

3

Strategically invest in regional
metropolitan areas

4

Build a profit base overseas

KPI Targets
FY2020
ActualNet sales

FY2021
ActualFY2022
Actual¥128.4 bn.

FY2023
Actual¥198.6 bn.

FY2024 (Dec.)
Plan¥205.0 bn.

FY2025 (Dec.)
Numerical Target¥101.1 bn.

¥90.4 bn.

(¥12.1 bn.)(¥13.8 bn.)（¥18.8 bn.）（¥25.8 bn.）（¥37.6 bn.）

¥17.3 bn.

¥9.4 bn.

¥14.0 bn.

¥19.5 bn.

¥21.0 bn.

More than ¥35.0 bn.

ROE

14.3％

11.6%

11.1%

10.0%

－

About 15.0％

ROA

7.4％

3.2%

3.7%

4.7%

－

About 7.0％

Equity ratio

30.7％

27.0%

23.9%

25.5%

－

More than 30.0％(rental income,etc.)

OperatingprofitAbout ¥220.0 bn.

(¥45.0 bn.)

Notes : (1) ROA = Operating profit / Total assets (average of FY start and end)
(2) Net sales for the rental income, etc. portion of net sales is calculated based on the amount of net sales to third parties.

22

Review of the MediumTerm Management Plan

State of Progress of the Investment Plan

The Investment Plan Is Proceeding Favorably toward Early
Achievement of Targets⚫ Implementing a plan to invest about ¥750 billion over the five-year period of 2021-2025. The numerical targets andpercentages of progress for each theme are given below.
⚫ As of the end of Q1, cumulative investments totaled ¥709.6 billion (up ¥51.3 billion over the end of the previous period),with a steady progress rate of 94.6%.
Launched THE STAR PJ, a
We will continue working on early achievement of our targets.
project of the same scale
as THE SAKURA PJ

Percentage of Progress toward Targets by Theme
Development ofResidential Properties

State of progress¥¥

300.0 bn.

Acquisition ofIncome Properties

Overseas BusinessState of progressState of progressState of progress

353.4 bn.

117.8% Reached

TargetamountDevelopment ofHotels and Office Buildings¥

122.5 bn¥.

159.8 bn.

102.2% Reached

Targetamount¥120.0 bn.

¥

73.7 bn.

64.0%

Targetamount¥250.0 bn.

92.2%

Targetamount¥80.0 bn.

Note: For projects contracted and settled or planned to be settled from December 2020 onward. The progress figures are total cost values for the projects.

23

Review of the MediumTerm Management Plan

State of Progress in Key Performance Indicators (KPIs)⚫ Our equity ratio is declining due to an increase in assets held in conjunction with property acquisitions designed to increase income
gains.
⚫ Continuing from FY2022, ROA increased again. The Company will keep the target level of the medium-term management plan inmind and continue aiming to improve ROA and ROE.

Equity(¥mn)

Equity and Equity Ratio
自己資本・自己資本比率の推移
自己資本

自己資本比率120,000

100,000

ROE and ROA

Equity
ratio
(%)

40
35

18.0

30

15.0

30.7

27.0

80,000

23.9

ROE

（％）

14.7

ROA

Note:
ROE = Profit / Equity ((average of FY start and end)
ROA = Operating profit / Total assets (average of
FY start and end)

14.3

25.5
11.7

25

12.0

21.1
20

9.0
60,000

11.3
10.1

8.1

7.4

15

6.0

4.7

10

3.2

40,0005
20,0000
FY20202020/11期

FY20212021/11期

FY20222022/11期

FY20232023/11期

FY2024 Q1
2024/12期１Q

3.0

0.0

3.7

Temporary decline
due to asset
expansion
2019/11期
FY20192020/11期
FY20202021/11期
FY20212022/11期
FY20222023/11期
FY202324

Review of the MediumTerm Management Plan

State of Progress in Expanding Group Assets⚫ Group assets were ¥634.6 billion, up ¥58.5 billion from the end of the previous fiscal year.
⚫ We are implementing strategic initiatives 1-3 below so that our assets will grow steadily until the end of FY2025.
Aiming for Group assets of¥1.0 trillion by FY2025(¥ bn.)

1
Preparation for listing■Totalassets (Samty) ■AUM
(Residential REIT)AUM(ホテルREIT)■ AUM (Hotel REIT)
総資産(サムティ)
AUM(レジREIT)

the hotel REIT
10,0001,000

2Support for increasing

800
8,000

the residential REIT’s

576.2
5,762

600
6,000

5,761
576.1

6,346
634.6

AUM

4,955
495.5

3
Accumulation of

400
4,000

income properties

2,000
200

0
FY20212021/11期(実績)(Actual)FY20222022/11期(実績)(Actual)FY20232023/11期(実績)(Actual)FY2024 Q1
2024/12期１Q

FY20252025/12期(目標)(Target)Note: Group assets are calculated by adding Samty’s total assets + the balance of the REIT AUM (assets under management).

25

Dividends and Shareholder Returns

Dividend Policy/Shareholder
Returns

Dividends and Shareholder Returns

The New NISA Started in January 2024. Continue with Measures that Emphasize
Shareholder Returns, Including Dividends and Shareholder Benefits.
Dividends
InitialIn FY2023 we kept dividends the same level as
FY2022, with an annual dividend of 90 yen. (¥39 at(¥)

当初予想配当金
planneddividend

100

Dividend

Dividend

Dividend

増配（1回目）
increase

増配（2回目）
increase

増配（3回目）
increase(first)(second)(third)

90

90

90

Dividend（％
配当性向
payout
ratio

(%)

80

94

82

mid-year and ¥51 at year-end).

70

80
60

The Company recognizes that returning profits
to shareholders is one of its most importantmanagement tasks, so we plan to increase the60

40

dividend, and our dividend forecast for

FY2024 is ¥94 (interim: ¥43, year-end: ¥51).

50

37.1

38.5

FY20212021/11期

FY20222022/11期

40.6

40

39.8
30

31.4
20

20
FY20202020/11期

FY20232023/11期

FY20242024/12期(Actual)（実績）(Plan)（予想）

Shareholder Returns

1. Shareholder benefits

2. Presentation of QUO cards

We provide benefits to shareholders of record as ofNovember 30, 2023 allowing them to stay for free at the
22 hotels in Japan in which we are involved.

We give a QUO prepaid card worth ¥1,000 to thoseshareholders who have exercised their voting rights.

Note: due to the change in the fiscal year end, from the fiscal year ending
December 31, 2024 onward, shareholders of record as of the end of
December each year are eligible for the program.

27

First Quarter of the Fiscal Year Ending December 31, 2024

Topics and Sustainability Initiatives

TopicsSix Senses Kyoto Opens⚫ Six Senses Kyoto, a wellness- and sustainability-oriented luxury hotel, opened on Tuesday, April 23.
⚫ The first hotel in Japan under the Six Senses brand, a world-wide luxury hotel brand with a philosophy of sustainability andcoexistence with the natural environment and local communities. In Umamachi, Higashiyama-ku, Kyoto, Japan.
Offering extraordinary experiences, such as state-of-the-art wellness and spas, innovative concept restaurants, and walks todiscover the hidden charms of the region.

Guest room

All-day dining

Cocktail lounge

Spa

The hotel
Note: all images are artist’s renditions

Overview of Six Senses Kyoto■Location: Myohoinmaekawacho 431,
Higashiyama-ku, Kyoto■Area of lot: 4,857.76㎡■Total floor area: 11,169.61㎡■Access: Kyoto Bus Higashiyama Nanajo Station,
1 minute walkJR lines: Kyoto Station, about 7 minutes by taxi
Keihan Railway: Kyoto Shichijo Station, 10 minute walk

Official website(English)29

Topics

Hotel Kanazawa Becomes a Consolidated Subsidiary & Added to
the List of Hotels for Shareholder Benefits⚫ We invested in Hotel Kanazawa LLC, which owns the trust beneficiary right of Hotel Kanazawa, and made it a consolidated subsidiary.
Samty Hotel Management Co., Ltd. made this hotel’s operating company a subsidiary.
⚫ With this, Hotel Kanazawa was added to the list of hotels eligible for shareholder benefits.
⚫ With the addition of Hotel Kanazawa, which is only a one minute walk from JR Kanazawa Station and boasts outstanding convenience
not only for business but also as a base for visiting tourist spots, the attractiveness of our shareholder benefits has been further enhanced.
We will continue to expand shareholder benefits as well as pay dividends to shareholders.

Overview of Kanazawa Hotel■Location: 1-1 Horikawashinmachi, Kanazawa-shi, Ishikawa-ken(1 minute walk from JR Kanazawa Station)■Area of lot: 2,874.19㎡■Total floor area: 20,645.49㎡
Official website

Access map
Hotel Kanazawa

Executive Suite King

Hotel Kanazawa
1 minute walk from JR
Kanazawa

30

Topics

Started the voco Hiroshima Development Project.
Expect to Open in 2027

⚫ Began development of a hotel in Hiroshima City. The hotel will be a “voco,” IHG Hotels & Resorts premium hotel line, making it VOCO
Hiroshima, and we expect to open it in 2027.
⚫ This hotel is the first "voco" brand hotel in the Chugoku and Shikoku region, and the second in Japan, following Osaka. The hotel will be
conveniently located just a four-minute walk from JR Hiroshima Station, and will offer guests the opportunity to enjoy Hiroshima’s variety of
attractions, such as the beautiful natural environment and rich culinary culture created by the bounty of the Seto Inland Sea.

Overview of voco Hiroshima■Location: 1-1 Matobacho, Minami-ku, Hiroshima-shi(4 minute walk from JR Hiroshima Station)■Area of lot: 1,512.94㎡■Total floor area: 17,371.03㎡■Number of guest rooms: 301■Ancillary facilities: restaurants, meeting rooms, gym, etc.
■Number of floors: 19 above ground, 1 below ground■Construction: from May 1, 2025 to June 30 (planned)
voco Hiroshima (artist’s rendition)
Obtained ministerial approval for the “Plan for a Privately Run Development Project.”
The Minister of Land, Infrastructure, Transport and Tourism has given the development plan for this hotel Plan for a Privately Run
Development Project approval as a high quality accommodation facility in the vicinity of Hiroshima Station. The project is expected
to provide high-quality accommodation space, contribute to the safety and comfort of pedestrians, and ensure safety in the event of
a disaster in the vicinity of Hiroshima Station.

With the development of high-quality hotels, we will promote stable business operations andexpand profit-earning opportunities for our Group, while contributing to the tourism business andjob creation in Japan.
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SAI Finances a Residential Development Project in Sydney⚫ Our subsidiary, Samty Asia Investments Pte. Ltd. (“SAI”) has acquired a preferred equity interest in the Bronte Collection, a luxury
residential development in the eastern suburbs of Sydney, in collaboration with the Pallas Group Pty. Limited , a first-of-its-kind initiativefor our Group in the Australian market.

Overview of this project■Project name: Bronte Collection■Address: 122-128 Hewlett Street, Bronte NSW 2024
■Number of buildings: ９■Start of construction: March 2024

■Completion: September 2025 (planned)■Developer: Pallas Development Management
Pty. Limited■Investment manager: Pallas Capital Pty. Limited■Investment period: 20 months

Ocean view (artist’s rendition)

Homes (artist’s rendition)

Plans call for the development of nine luxury residences in Bronte,
one of the most popular residential areas in Sydney’s eastern
suburbs.

■Where invested: 128 Hewlett Street Capital TrustApproximately 20 minutes from central Sydney by car, nearby
culture and lifestyle can be easily enjoyed, and the development willoffer a luxurious living environment surrounded by abundant nature.

We are continuing to seek new business opportunities in Oceania, including Australia,
to strengthen the Group's overseas business.
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We are Supporting the ORIX Buffaloes in the 2024 Season, too⚫ With the aim of promoting regional development, we became an official sponsor of the Osaka-based Orix Buffaloes in the 2022
season to enliven Osaka, the city where our Company was founded, and the whole of Japan through sports.

⚫ Our logo will continue to be displayed on the left sleeve of the uniforms and we will support the Orix Buffaloes as an official sponsor in
their quest to win a fourth consecutive league championship and regain the No. 1 position in Japan.
Team Member Wearing the Uniform©ORIX Buffaloes

Enlargement of the logo patch

The ORIX Buffaloes has a team philosophy of "bringing excitement and inspiration to fans, fostering dreams and hopes inchildren, and contributing to the development of the community and its people" through baseball.
And, the Samty Group, to practice its corporate philosophy of “Morals, Passion, Challenge, and the Realization of Dreams,"
has been conducting community-based activities as a member of society, and therefore, sympathized with the team’s efforts
in its activities and became an official sponsor of the team.

Samty Group will continue to support the success of the team and its players through sponsorshipand other activities, thereby contributing to the stimulation of sports and the development ofregional economies throughout Japan.
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Sustainability

Fourth "Dream Classroom" Capstone Class Endorsedby the Company⚫ The fourth “Dream Classroom” capstone class was held at Hiroshima Municipal Nakasuji Elementary School in Hiroshima City,
where we have an office, on Wednesday and Thursday, January 10 and 11, 2024. Former competitive walker Shoko Konishi
and former competitive swimmer Sumika Minamoto were invited as dream teachers, and a total of 133 fifth grade students(four classes) participated in the class.

×
Sumika Minamoto (former competitive swimmer)

The Dream Classroom is an initiative sponsored by theJapan Football Association to contribute to the sounddevelopment of children's minds and bodies. Current
and former athletes hold classes to teach children
about the beauty of having a dream and the importanceof striving toward one's dream.

Shoko Konishi (former competitive walker)

We will continue to actively support social contribution activities that share the Samty Group’s
management philosophy, Sustainability Basic Policy, and values.
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Sustainability

Renewal of Official Partnership Contract⚫ SAI, our subsidiary in Singapore, concluded an official partnership agreement with Albirex Singapore Pte Ltd. in FY2022 as a part of its
CSR initiatives.
⚫ The company will continue to have its logo displayed on the uniforms and official website of the Albirex Niigata FC Singapore women’s
team in FY2024.
Albirex Niigata FC Singapore women’s team

Player of the year andleague top scorer(2023 season)

Kana Kitahara

The Samty Group will continue to contribute to the revitalization of local
communities by supporting business activities and sports, and supporting people
who are taking on challenges and working hard to achieve their dreams.
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Sustainability

Acquisition of BELS Certification for Development Properties
Sustainability⚫ In Q1 of FY2024, we acquired BELS certification, a system for indicating a building’s energy efficiency and conservation
performance, for a total of 10 S-RESIDENCE properties under development.
⚫ To date, we have acquired BELS certification for a total of 31 properties. We will continue to promote the development ofenvironmentally friendly properties.
■Properties that acquired BELS certification in Q1 (3 selected from the 10 total)(1) Suginami-ku Miyamae 4chome PJ

(2) Chikusa-ku Imaike Minami
PJ(3) Naka-ku Takeyacho PJ■Location: Tokyo-to, Suginami-ku,
Miyamae 4-chome■ Location: Nagoya-shi, Chikusa-ku,
Imaike Minami■ Location: Hiroshima-shi, Naka-ku,
Takeya-ku cho■Floors/units: 5/23

■ Floors/units: 10/58■ Floors/units: 15/112■Completion: March 2025

■ Completion: April 2025

■ Completion: February 2026

Note: All project names are provisional names

Develop and supply properties that are not only economical and profitable, but also
have had consideration of energy, resources, etc., thereby contributing to sustainableenhancement of corporate value from a medium- to long-term perspective.
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Disclaimer⚫ While due diligence is exercised for the information provided in this document, no guarantee is madeas to the accuracy or safety of the information. In addition, please note in advance that the contents
may be changed or deleted without prior notice.
⚫ This document contains forward-looking statements on our current plans and business performancebased on information available as of the date of announcement. These statements involve risks anduncertainties that could affect our business performance in the future, and actual results may differ
from these statements due to various factors.

⚫ This document is merely intended to foster understanding of the Company and not necessarily
intended as a solicitation for investment.

Inquiries
Investor Relations Office, Corporate Planning Department
E-mail: samty-pr@samty.co.jp

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