October 29, 2020
Company name:
Representative:

Inquiries:
Tel:

ES-CON JAPAN Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)
Minoru Nakanishi, Senior
Managing Director+81-3-6230-9308

Notice on Launch of Sale and Management of Columbarium (Permanent Use Rights)
ES-CON JAPAN Ltd. (ES-CON JAPAN) announces that a decision was made at the board of directors’
meeting held today to launch a new business, the sale and management of a columbarium (permanent userights) (the “Business”), through a consolidated subsidiary below as follows.
1. Background and Overview of the New Business
ES-CON JAPAN will newly launch the Business in Minami Azabu, Minato-Ku, Tokyo.
In an aging, high-death-rate society where it is said that there will be 1.68 million deaths in the year 2040,
there is a shortage of cemeteries as well as concerns that there will be a lack of “grave guardians” given
the declining birth rate and the increasing number of smaller families. In view of the fact that it is particularly
difficult to obtain graves in central Tokyo, ES-CON JAPAN has decided to launch this Business in an effortto solve problems facing modern society and to secure revenue by expanding the scope of the real estatebusiness.
The Business will be conducted by Ryomon Co., Ltd. (“Ryomon”), the consolidated subsidiary outlined
below in section 3.
While the operations of the columbarium are overseen by Religious Corporation Zuikein (“Zuikein”),
Ryomon has been entrusted with sales and management of the columbarium.
The ES-CON JAPAN Group’s vision is to be a “life developer” that not only develops buildings but also thelives of those who live in them, thinking of their happiness, and the Group will take on the responsibility ofmanaging and operating this long-standing columbarium.
2. Overview of Columbarium(1)
NameRyomon(2)

Location

5-1-4 Minami-Azabu, Minato-ku, Tokyo(3)

Access3-minute walk from Hiroo Station on the Tokyo Metro Hibiya Line

(4)

Site area

861.36 m2 (260.86 tsubos)(5)

Total floor area

2,565.32 m2 (776.01 tsubos)(6)

Structure/scale

Steel frame, partially reinforced concrete, 7 floors above ground, 1 below(7)

Number of chambers(8)

Facility overview

Private visit-type automatic transfer columbarium(9)

Sales launch date

March 2021 (scheduled)

9,999

(10)
License number
Minato City Environmental Health License No. 9-29
For inquiries related to the columbarium, please contact the Planning Department at +81-3-6230-9313.

-1-3. Overview of Transitioning Subsidiary (Ryomon)<Before transition>(1)
Name
Ryomon Co., Ltd.
(2)
(3)

Location
Title and name ofrepresentative(4)

Line of business(5)

Capital5-1-1 Minami-Azabu, Minato-ku, Tokyo
Representative Director, Toshio Tarumi
Sale of permanent use rights at columbarium, management ofcolumbarium
10 million yen(6)

Establishment
August 26, 2020
Major shareholders(7)
Ark Real Estate Co., Ltd. 100％and holding ratio
Relationship with listed(8)
Capital, personal, and business relationships are not applicable.
companies
Consolidated
management results(9)and consolidated
Not applicable as it was just established.
financial condition overthe past three years
While the operations of the columbarium are overseen by Zuikein, Ryomon has been entrusted with thesales and management of the columbarium.
ES-CON JAPAN has made Ryomon a consolidated subsidiary while acquiring its shares through third-party
allotment.
<After transition>
(1)
Name
(2)

Location(3)

Title and name ofrepresentative(4)

Line of business(5)

Capital(6)

Establishment

Ryomon Co., Ltd.
5-1-1 Minami-Azabu, Minato-ku, Tokyo
President & Representative Director, Hiroki Iwawaki
Director, Takatoshi Ito
Director, Minoru Nakanishi
Director, Taketo Fukui
Director, Takeshi Nagira
Auditor, Takeshi Amaha
Sale of permanent use rights at columbarium, management ofcolumbarium
100 million yen
August 26, 2020

Major shareholders and ES-CON JAPAN Ltd. 51％
holding ratio
Ark Real Estate Co., Ltd. 49%
After the transition, in addition to the President & Representative Director from ES-CON JAPAN mentioned
above in section 3, two directors from ES-CON JAPAN and one director each from Ark Real Estate Co.,
Ltd. and Zuikein are scheduled to be appointed as directors, and one employee from ES-CON JAPAN isscheduled to be appointed as an auditor.
Moreover, Ryomon is planning to procure funds worth 7,000 million yen to launch the Business, and ESCON JAPAN and Ark Real Estate Co., Ltd. are scheduled to guarantee the loan.
(7)

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4. Overview of Partnership (Ark Real Estate Co., Ltd.)(1)NameArk Real Estate Co., Ltd.
(2)

(4)

Location
Title and name ofrepresentative
Line of business(5)

Capital(6)

Establishment(7)

Major shareholders
and holding ratio(3)2-5-8 Imabashi, Chuo-ku, Osaka City, Osaka
Representative Director, Yoshio Takayama
General real estate business90 million yen
October 17, 1995
CapitalNot applicable
relationship
Personal
Not applicable
relationship
Business
Seller of land used for the business of ES-CON JAPANrelationship

5. Number of Shares Acquired, Acquisition Price, and Share Ownership Before/After Acquisition
Number of shares(1)0 sharesowned before transition
Number of shares
1,020 shares(2)acquired(Number of voting rights: 1,020)(3)
Acquisition Price
51 million yen
Number of shares
1,020 shares(4)
owned after transition(Number of voting rights: 1,020; Ratio of voting rights ownership: 51.0%)
6. Overview of Zuikein(1)
NameZuikein, Religious Corporation(2)

Location(3)

Head temple

Sanenzan Kodoin Zojo-ji Temple(4)Main temple

Kachozan-Chionin, Chionin(5)

Religious school(6)

Founder

7. Schedule
Date of resolution by(1)board of directors(2)
Date of contract

5-1-3 Minami-Azabu, Minato-ku, Tokyo

Jodo Buddhism (Pure Land School)
Tenyo Ryomon

October 29, 2020
Scheduled for October 29, 2020

(3)

Date of execution

Scheduled for October 29, 2020

(4)

Date of launch

Scheduled for October 30, 2020

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Entrance hall, reception

Building exterior

Visitation room “Amamitsuki”

Third floor atrium

8. Impact on Financial Results
There will be minimal impact on this fiscal year’s consolidated results for ES-CON JAPAN Group. Theimpact on the next fiscal year onward is currently being examined.

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