Takara Leben Co., Ltd.
Earnings Results Briefing
for The Six Months Ended
September 30, 2019

October 31, 2019

Security code

8897

© Takara Leben GroupContents

Summary of Business Results for
The Six Months Ended September 30, 2019

Key Topics for The Six Months Ended
September 30, 2019
Business Outlook for
The Year Ended March 2020
Dividend and Capital Policy
Appendix

P.２
P.14
P.18
P.23

1

Summary of BusinessResults for
The Six Months Ended
September 30, 20192

Highlights
 Increased number of delivered units in the new built-for-sale condominium business・670 units delivered in the first half(251 unit increase from the same period last year)

 Improvement in the constructed new built-for-sale condominium completion schedules
centralized in the second half・About 700 units completed in the first half(about 300 units were completed in the same period last year) Increased number of contracted units in the new built-for-sale condominium business・1,102 units were contracted in the first half (181 units increase from the same period last year)

・Good contract progress ratio(78.9% for those delivered in the fiscal year under review; 23.0% for those to be delivered in the next fiscal year) Properties sold to Takara Leben Real Estate Investment Corporation for two consecutive
fiscal years

・About 10 billion yen in sales (about 6.2 billion yen for the same period last year) Steady expansion of amount of asset management
・About 133.4 billion yen as of the end of September 2019
（About 35.4 billion yen increase from the end of the previous fiscal year）
3

Consolidated Income Statement
Six months
ended
September 30,
2018（47th）

Six months
ended
September 30,
2019（48th）

YOY
changeNet sales

49,662

57,998

16.8％

Operating income

2,486

3,879

56.0％

Ordinary income

1,925

3,414

77.3％

Net income
attributable toowners of parent

1,209

2,260

86.9％

（million yen）

 Increase in the number of delivered units in new built-for-sale condominium business Progress of liquidation business4Net Sales by Segment
Six months ended
September 30,
2018（47th）

Six months ended
September 30,
2019（48th）

YOY
change17,03624,87446.0％

New detachedhousebusiness

2,617

2,092

▲20.0％

Renewal resale
business

1,629

1,578

▲3.1％

12,507

16,491

31.9％

234

1,065

354.0％

Real estate rental business

2,858

2,886

1.0％

Real estate
management business

2,179

2,468

13.3％

Facilities sale

5,390

383

▲92.9％The Company's
own power
generation

2,614

2,928

12.0％

2,593

3,230

24.5％

49,662

57,99816.8％（million yen）
New built-for-salecondominium
business

Real estatesales
business

Liquidation
business
OthersElectric
power
generation
business

Other businesses

Total net sales

 Increase in salesof new built-forsale condominium
business due tothe increase in thenumber ofcompleted units
and delivered units Accumulation ofstock businesssuch as real estate
rental andmanagementbusiness

5Selling, General and Administrative Expenses
Six months
ended
September
30, 2018（47th）

Six months
ended
September
30, 2019（48th）

YOY
change

517

739

222

2,470

2,675

205

2,285

2,485

199

Sales commission（Liquidation）

184

189

5

Personnel expenses

2,568

2,917

349

Others

1,851

2,279

427

7,407

8,611

1,204

（million yen）
Public relations fee
Sales expenses
Advertising expenses（Property sales）

Total Implementation of branding
activities for the 50th anniversary

 By expanding supply areas andincreasing the number of units sold

 By increasing in personnel andrevision of personnel system
implemented in July of the previous
fiscal year

6Consolidated Balance Sheet（million yen）
Current assets

As of the endof March 2019(47th)

As of the end of
September
2019（48th）

98,512

132,556（million yen）

As of the endof March 2019(47th)

As of the end of
September
2019（48th）

34.6％

Current liabilities

58,53977,63432.6％

Notes andaccounts payable– trade7,790

11,62049.2％

Short-termborrowings andcurrent portion of
long-term
borrowings

37,57550,98935.7％

Fixed liabilities

78,61985,692

9.0％

Long-term
borrowings

73,882

81,218

9.9％

Total liabilities

137,158

163,327

19.1％

Net assets

47,73449,394

3.5％

4,819

4,819

－

184,893

212,72115.1％

YOYchangeCash and deposits

21,16530,23942.9％Inventories

68,681

92,605

34.8％

Real estate forsalePower generation
facilities for sale
Real estate forsale in progress

Fixed assets

18,821

25,232

34.1％－

11,942－

49,86055,43011.2％

86,28680,085▲7.2％
Capital stock

Total assets

184,893

212,721

15.1％

Total liabilities
and net assets

YOYchange Real estate for sale：Transfer from fixed assets to current assets(real estate and power generation facilities for sale) Real estate for sale in progress：By increasing in steady purchases of housing lots7Breakdown of Real Estate for Sale
As of the end of
March 2018
(46th)

As of the end of
March 2019(47th)

As of the end of
September 2019
（48th）

12,917

5,727

6,435

New detached houses

1,441

2,579

3,367

Renewal resale

2,015

4,993

5,786

Liquidation

3,350

5,510

9,642

554

10

－

20,27918,821

25,232（million yen）
New built-for-salecondominium

OthersTotal

 New built-for-sale condominium：By increasing in completion of condominiums
 Liquidation：By increasing in transfer from fixed assets
8Breakdown of Assets and Borrowings by Segment
As of the end of
September 2019
（48th）

Real estate andpower generation
facilities for sale

Real estate forsale in progress

property, plantand equipment

Assets total

New built-for-salecondominium

6,435

49,094－55,53045,492

New detachedhouses

3,367

3,814

－

7,181

5,803

Renewal resale

5,786

80

－

5,866

3,741

Liquidation

9,642

1,604

50,582

61,82942,884

Power generation
facilities

11,942－

15,701

27,64427,312

－

837

2,333

3,171

－

37,17455,43068,617161,222（million yen）

Others

Total

Borrowings

125,233 ※※Separately, there is 7,174 million yen in borrowings not linked to the above assets

9Breakdown of Liquidation Assets
As of the end of
March 2018
(46th)

As of the end of
March 2019(47th)

As of the end of
September 2019
（48th）

Residence

20,014

20,822

20,646

Office15,406

11,295

14,856

Retail

7,203

7,653

7,330

Hotel

14,727

19,46318,99557,352

59,234

61,829（million yen）

Total
As of the end of
March 2018
レジデンス
Residence
オフィス
Office
商業店舗
Retail

ホテル
Hotel

As of the end of
March 2019
レジデンス

26%

35%

オフィス

レジデンス

33%

35%

商業店舗

13%
27%

ホテル

As of the end of
September 2019

オフィス

31%

33%

商業店舗

13%

19%

ホテル

12%

24%

10

Progress Status for Full-Year Business Plan①
Year ended
March 31, 2020
（48th）（Forecast）

Six months
ended
September 30,
2019（48th）

Progress ratio

Net sales

75,00024,87433.2％

Gross profit

15,500

5,780

37.3％

Net sales

10,000

2,092

20.9％

Gross profit

1,000

161

16.2％

Net sales

2,720

1,578

58.0％

Gross profit

320

233

72.8％

Net sales

30,00016,491

55.0％

Gross profit

6,300

3,044

48.3％

Net sales

3,000

1,065

35.5％

Gross profit

400

653

163.4％（million yen）

New built-for-salecondominium
business

New detachedhousebusiness

Renewal resale
business

Liquidation
business

Supplementary
explanation

About 79% of thefull year planned iscontracted

Delivery isconcentrated in thesecond half
Steady progress
Focus on reducetime from move-out
to resale
Steady progress
Net sales contracted
for the second half
: 2,191 million yen

Others11

Progress Status for Full-Year Business Plan②
Year ended
March 31, 2020
（48th）（Forecast）

Six months
ended
September 30,
2019（48th）

Progress ratio

Net sales

6,000

2,886

48.1％

Gross profit

1,500

753

50.2％

Net sales

5,200

2,468

47.5％

Gross profit

750

257

34.4％

Net sales

17,000383

2.3％

Gross profit

2,700

172

6.4％

Net sales

4,100

2,928

71.4％

Gross profit

200

139

69.7％

Net sales

6,980

3,230

46.3％

Gross profit

2,830

1,294

45.8％

Net sales

160,000

57,99836.2％

Gross profit

31,50012,49039.7％（million yen）

Real estate rental
business
Real estate
managementbusiness
Electric power
generation business(Facilities sale)Electric power
generation business(The Company's
own power
generation)
Other businesses

Supplementary
explanation

Steady progress

Steady progress

Promotion ofsales activities

Steady progress

Total

12

Contract Progress for New Built-for-Sale Condominium Delivery
Delivery schedule for the current term（units）
PeriodUnits scheduled
for delivery

Number ofcontracted units asof the end of 2Q

Contract
progress ratio

Year ended March 31,
2018

1,600

1,064

66.5％

Year ended March 31,
2019

1,700

1,173

69.0％

Year ended March 31,
2020

1,950

1,539

78.9％

Delivery schedule for the next term （units）
PeriodUnits scheduled
for delivery

Number ofcontracted units asof the end of 2Q

Contract
progress ratio

Year ended March 31,
2019

1,700

115

6.8％

Year ended March 31,
2020

1,950

299

15.3％

Year ended March 31,
2021

2,200

506

23.0％

 Steady contract progress of delivery units for the current term and next term
13Key Topics for The Six
Months Ended September
30, 2019

14

Topics① Takara Leben Real Estate Investment Corporation’s First PO
September 2019

AssetsAcquired

Implementation of PO
The total acquisition priceof 6 properties

22.33 billion yen

LUXENAHEIWADAILUXENAKACHIDOKI

Almost Blue

（Equity Finance:13.19 billion yen）
Arietta Hotel
NagoyaPortfolio status

Core area＜Disposition＞
TTS Minami
Aoyama Building

75％

20％
オフィス
Office東京経済圏
Tokyo
economic area

住宅
Residential

名古屋経済圏
Nagoyaeconomic area

Area ratio

Replacement

Kaden Sumairu Kan YAMADA Kaden Sumairu Kan YAMADA
Kobe Tarumi (Land)
Matsuyama Toiyacho

大阪経済圏
Osaka
economic area

Asset type
ratio

11％

ホテル
Hotel

福岡経済圏
Fukuokaeconomic area
その他 areas
Other

商業施設・その他
Retailand Other

13％＜Acquisition＞

56％

34
85.63billion yen

Number of properties
TA Shonan
Kugenumakaigan

Dormy Inn
MoriokaAcquisition price

After PO in September 201915

Summary of Takara Leben Real Estate Investment Corporation
July 27, 2018
Takara Leben Real Estate Investment Corporation
was listed on the Tokyo Stock Exchange
Takara PAG Real Estate Advisory Limited
manages the assets of “TLR”
Sponsors(Investment ratio)

60％

30％

5％

5％

PAG

Strengths of multi sponsors
 Steady external growth utilizing development capabilities
of real estate developer and sourcing capability of fundmanagement company
 Build a comprehensive portfolio that maximizes thestrengths of sponsor companies
 Stable operation and internal growth supported byoperation know-how and operation ability of sponsor
companies

Unit price and Index trends ※Indexed July 2018 as 100
160%

タカラレーベン不動産投資法人
TLR’s
Unit priceTSE
REIT Index
東証REIT指数

140%

TOPIX
120%

100%

80%
2018年7月
7/20182018年9月
9/20182018年11月
11/2018

2019年1月
1/20192019年3月
3/20192019年5月
5/20192019年7月
7/20192019年9月
9/201916

Topics② Overseas Expansion
First overseas
condominium development【Socialist Republic of Vietnam】

Hai Phong
1
3

8

2
4

5
9

10
6

7

1.
China
2.
Hainan, China
3.
Fansipan Mountain
Hanoi
4.
Vinh
5.
Hue
Da Nang
Hoi An6.
Nha Trang
Da LatTay Ninh
Ho Chi Minh
Phan Thiet
My ThoVinh Long
Can Tho7.
Phu Quoc
8.
Laos
9.
Thailand10.
Cambodia● “THE MINATO RESIDENCE” Project⇒Joint project between Takara Leben and Fujita
Mixed-use retail condominium, the first condominium
development by Japanese consortium in Hai Phong,Vietnam’s third largest city

■Outline of project
Business: Condominium development
Location：Le Chan, Hai Phong, Vietnam
Scale：Site area: 12,760㎡／26 floors above ground／924 units
17

Business Outlook for
The Year Ended March 2020
Dividend and Capital Policy

18

Business Outlook for The Year Ended March 2020
（million yen）

FY2019/3（47th）
ActualFY2020/3（48th）
Forecast

YoYchangeReal estate sales business

104,823

120,720

15.2％

Real estate rental business

5,829

6,000

2.9％

Real estate
management business

4,512

5,200

15.2％

Facilities sale

6,100

17,000178.7％The Company's
own power
generation

4,694

4,100

▲12.7％

6,045

6,980

15.5％

Total net sales

132,005

160,000

21.2％

Operating income

10,046

13,00029.4％

Ordinary income

9,027

11,80030.7％

Net income attributableto owners of parent

6,426

8,000

24.5％

Electric power
generation
business

Other businesses No change from initial plan
19

Business Outlook（Net Sales・Gross Profit）①（million yen）
New built-for-salecondominium
business

New detached housebusiness

Renewal resale
business

FY2019/3（47th）
ActualFY2020/3（48th）
Forecast

YoYchangeNet sales

57,20375,00031.1％

Gross profit

11,977

15,50029.4％

Net sales

8,817

10,00013.4％

Gross profit

701

1,000

42.6％

Net sales

3,305

2,720

▲17.7％

Gross profit

537

320

▲40.5％Net sales

33,50230,000▲10.5％

Gross profit

7,235

6,300

▲12.9％Net sales

1,993

3,000

50.5％

Gross profit

608

400

▲34.2％

Liquidation business

Others20

Business Outlook（Net Sales・Gross Profit）②（million yen）

Real estate rental
business

Real estate
management businessElectric power
generation business(Facilities sale)Electric power
generation business(The Company's own
power generation)

FY2019/3（47th）
ActualFY2020/3（48th）
Forecast

YoYchangeNet sales

5,829

6,000

2.9％

Gross profit

1,207

1,500

24.2％

Net sales

4,512

5,200

15.2％

Gross profit

633

750

18.4％

Net sales

6,100

17,000178.7％

Gross profit

1,414

2,700

90.9％

Net sales

4,694

4,100

▲12.7％

Gross profit

8200

2,276.3％

Net sales

6,045

6,980

15.5％

Gross profit

2,561

2,830

10.5％

Net sales

132,005

160,000

21.2％

Gross profit

26,88631,500

17.2％

Other businesses

Total

21

Dividend and Capital Policy
Dividend and Payout ratio
（yen）
25

Actual

10

21yen

19yen

20
15

Forecast

15yen
26.7%

10

40%

16yen

16yen

23.5%

27.0%

25.7%

25.3%

30%

11

11

13

14

20%

5

6

7

5

5

50%

5

0

10%
0%

FY2017/3
2017年3月期

FY2018/3
2018年3月期

FY2019/3
2019年3月期

Interimdividend(left axis)
中間配当金（左軸）Year-end
dividend(left axis)
期末配当金（左軸）

Payout ratio

Total number of issued shares

121,000,000

FY2020/3
2020年3月期

FY2021/3
2021年3月期
Payoutratio(right axis)
配当性向（右軸）

25％～30％

Number of treasury stock asof the end of September 201912,587,307
Percentage of total issued shares

10.40％

Holding standardof treasury stock

about10％22

Appendix

23

Supply Area
Advance to

31 prefectures※Including purchased area

Condominiums completed in thefirst half of the first supply area

Strengthening of land purchasenationwide by developing new basesand expanding area

Hokkaidou

Base

LEBEN
KANJODORIHIGASHITHE RESIDENCE

Supplied andpurchased area
New supply andcondominium completionin the second half area

Condominiums scheduled for completionin the second half of the first supply area
4 condominiums such as There are more than 280 cities with apopulation of 100,000 or more,

Aichi

Ooita

LEBEN NAGOYA
MATSUSHIGECHOGRAND AUBELEBENHIGASHIKASUGA
MID OASIS

Many potential supply areasof these, Takara Leben has alreadysupplied about 30%
24

Rebuilding and Redevelopment Projects●Minami-koiwa 6-chome Type 1 Urban Area Redevelopment Project・Participant associates and specificbusiness agents
Takara Leben, Nomura Real Estate Development,
Shimizu Corporation

・Time of completion
Area I : Dec. 2020
Area II : May 2022
Area III: Jan. 2026

・Total number of units
About 600 residence units(The Area I building is a commercial and officebuilding)*The total number of units andthe time of completion indicate
the scheduled number and time

●Odawara Ekimae Condominium Good Building Maintenance Project (Reconstruction Project)
・Business cooperator and participant
associate・Time of completion

Mar. 2023

Takara Leben
・Total number of units
220 units (including 4 store areas)●Urawa Station West Gate Minami-Takasago District
Type 1 Urban Area Redevelopment Project・Specific business agent
Takara Leben, Maeda Corporation,
Saito Construction Company Ltd.
・Time of completion
Mar. 2025*The time of completionindicates scheduled time

*The total number of units andthe time of completion indicate
the scheduled number and time●Takara Leben Tohoku
Osaki-City Furukawa-Nanoka-machi Western District
Type 1 Urban Area Redevelopment Project・Specific business agent
Takara Leben Tohoku,
HASHIMOTOTEN Co., Ltd.,
Murata Corporation
・Time of completion

・Site configuration
North Area １: Residential/commercial building
North Area ２: Parking building
South Area: Regional exchange center building
East Area: Business building

Feb. 2022*The time of completionindicates scheduled time25Land for Condominiums
State of acquisition ofland for condominiums

Hokkaidou
251units

Total in Japan：

6,762

units

As of the end of September 2019

Hokuriku
202units

Chuugoku
221units

Kyuushuu
Okinawa
383units

Koushinetsu
390units

Touhoku
972units

Kinki
757units

Kitakantou
725units

Capital area
2,273units
Shikoku
170units

Toukai
418units26

Amount of Asset Management
 Operating Infrastructure fund, REIT and Private fundInfrastructure
インフラ
fund

As of the end of
2018年3月末

As of the end of

2019年3月末
March 2019 27.95B

As of the end of
2019年9月末
September
2019

Medium-term
中期的目標
targetPrivate
私募 fund

Total：about 23 billion yen

23.02B

March 2018

REIT
REIT

64.87B

28.71B

5.21B

85.63B

100B

Total：about 98 billion yen

19.01B

Total：about 133.4 billion yen

150B

50B
※Acquisition price basis

Target of medium-term
operating amount

300 billion yen
27

Status of Liquidation Business
Assets size
Under development properties（million yen）

Existing and Built-up properties

Book value after completion（million yen）
Book value as of the endof September 2019
2,020
12,8388,559

Book value as of the endof September 2019
313

レジデンス
Residence

6,992

13,586
レジデンス
Residence

18,235

オフィス
Officeオフィス
Office37,811M

313

10,241

商業店舗
Retail

商業店舗
Retail

41,972M

24,746M

ホテル
Hotel

ホテル
Hotel

5,271

その他
Others

1,957

9,121

その他
Others

5,241
1,957

※Including liquidation assets recorded in real estate for sale

7,879

Assets after completion（million yen）
レジデンス
Residence

As of the end
2020年3月末
of March 2020

21,110

As of the end
2021年3月末
of March 2021

24,777

As of the end
2022年3月末
of March 2022

26,425

14,362

オフィス
Office7,229

14,85917,000

商業店舗
Retailホテル
Hotel

21,912

7,229
7,229

その他
Others

2,333

25,466
26,79566,948M
2,333
2,333

74,667M
79,784M

Secured assets of 79,784 million yen including completed parts in the future28

Status of Electric Power Generation Business
Status of power
generation facility

Target for year
ending March 2021

Generation scale（MW）
売却済み
Sold

74

1

未売却
Not
sold

45

Under
開発中
development

59

250MW

不足分
Not
enough72

Secured 178MW
FIT by generation scale
16%

7%

1%
40円
40yen

2%

36円
36yen
32円
32yen
27円
27yen

74%

LS Nagasaki Isahaya power generation facility

24円
24yen

29

Summary of Takara Leben Infrastructure Fund
June 2, 2016
Takara Leben Infrastructure Fund listed
Numbers of asset

26solar power facilities

Total panel output

71.9MW

Total asset acquired

LS Hanno Misugidai
power generation facility

32.21billion yen
As of June 28, 2019

Total Asset Price and Panel Output
新規取得による増加分
Newly
Acquired Asset

保有資産
Owned
Assets23.12billion yen
50.0MW
Total asset acquired 8.59billion yen
Total panel output 17.8MW

9.12billion yen
19.0MW
0.52
5.2

8.59
85.9

9.12
91.2

上場時
IPO

The 3rd FP
第3期取得資産

1st第1回
publicoffering
公募増資後

25.71billion yen
55.8MW

0.39

2.19
21.9

5.74
57.4

231.2
23.12

235.1
23.51

257.1
25.71

Panel
output
増設部分
Extension
追加取得後

The 5th FP
第5期取得資産

2nd
public
第2回
offering
公募増資後

3.9

140.0
14.00

8.59
85.9

acquisition
取得後

23.51billion yen
50.8MW

31.45billion yen
69.5MWacquisition
取得後

32.21billion yen
71.9MW
0.75
7.5

314.5
31.45

The 8th FP
第8期取得資産
acquisition
取得後

Asset price based on combined total amount of PwC evaluation value of all properties except the one acquired on June 28, 2019, and acquisition
price for the property acquired on June 28, 201930

Received the GRESB Real Estate Assessment Rating
Takara Leben Infrastructure Fund, Inc.
received a 4-star rating Overview of GRESB Real Estate Assessment
GRESB is a benchmark for measuring the performance of environment, social andgovernance (ESG) criteria for real asset (such as real estate properties and infrastructure
facilities) portfolio established in 2009 primarily by major European pension fund groups
that led the Principles for Responsible Investment (PRI) and the name of the organization.
As of September 2019, more than 100 Investor Members (managing over USD 22 trillion)
use GRESB data in fund operation processes to select and discuss investment targets. The
GRESB Real Estate Assessment is the benchmark for measuring the ESG performance
established in 2016, including the Fund Rating for infrastructure funds and the Asset
Rating for real estate assets that are investment targets of the fund and their operationcompanies. In 2019, 107 funds with 393 assets from around the world participated in the
GRESB Real Estate Assessment.

 Appointment as Sector Leader
In the GRESB Real Estate Assessment, the GRESB
appoints the participant with the highest rating in eachregion/sector. Takara Leben Infrastructure Fund wasselected as Sector Leader in Asia for the first time
as a Japanese infrastructure fund.

 Assessment Results
As a result of the high rating for Takara Leben Infrastructure
Fund’s system of disclosure for ESG information and its initiative
for setting the ESG targets given in the general assessment offunds, Takara Leben Infrastructure Fund received the highest
rating among 9 Asian funds and the second highest rating
among 20 funds around the world in the Renewable Energy
Pier Group to which it belongs.
In addition, the infrastructure assets held by Takara Leben
Infrastructure Fund and its operator Takara Leben, which
participated in the GRESB Real Estate Asset Assessment, werehighly rated for their "Risks and Opportunities" and "Building
Relationships with the Stakeholders" initiatives and wereawarded the 4-star rating (the top rating is 5-stars) in the
GRESB Rating based on the globally relative assessment.

31

Receiving the Good Design Award①
Received the Good Design Best 100

Botanical Garden Art Biotop
Water Garden
・Awarded companies
Takara Leben, NIKISSIMO
・Overview
The Water Garden established at Botanical Garden Art Biotop, a resort in Nasu, Tochigi, is a uniquely
composed space with 318 trees and 160 uniquely-sized biotopes (ponds) arranged deliberately. It is a
special meditation space for gatherings and exchanges among people from around the world, allowing
visitors to use their five senses to feel the relationship between people and nature.
・Comments from the judges
This extremely organic landscape is natural, similar to something seen in the past, but it is actually alandscape that cannot appear naturally. This is because if a basin as complex as this Biotop were toappear in nature, the water level might rise so high that its coexistence with the surrounding tall trees
becomes impossible. At the same time, this beautiful slush is an art biotop, not a mere biotop, and isappropriately managed to maintain its beauty. This new, natural landscape is the very soul continuously
applied in structuring Japanese gardens. Therefore, the design of this garden appears natural although it
has never been seen before, and is highly Japanese.

32

Receiving the Good Design Award②
Receiving the Good Design Awardfor 4 Consecutive Years●Condominium (Brillia Shonan Tsujido Seaside Park)●Completely digital housing
equipment user manuals (Smart
Torisetsu)●Use as disaster prevention bases (Useof the model rooms and sales center as
disaster prevention bases)●Uniquely designed common area ofthe condominium (Variably designed
condominium common area)●Applying smart technologies to thegarbage collection point (Applying smart
technologies to the condominium's
garbage collection points as an
improvement [6M Project])

FY2018
Received three
awards・Working Point Project・SOCOTAKU Project・Good Working Project

FY2017
Received three
awards・SOCOPOS Project・MOTTO ATTARA IINA (We Wish to HaveMore) Project・LEBEN CRAFT Project

FY2016
Received three
awards・MOTTO ATTARA IINA (We Wish to
Have More) Project・JIJO KYOJO (Self-Help Mutual
Assistance) Project・KOJIN BOSAI KIT (Individual Disaster
Preparedness Kit) Project33

Myreha: Specialized Daycare Service Close to Local Communities
Leben Community
Myreha Misato Rehabilitation
Center Launched"You can do what you like“
Myreha is a daycare service that specializes inrehabilitation, supporting independent living●Flow of Service
At MyrehaHome

The courtesy car
picks up users at
home

Vital
measurement

The courtesy car also
drives users homeVitalmeasurement

Warm-up

About 3 hours long

Red Cord Exercise

Training on
machines

As a daycare service specialized in rehabilitation to"do what you like to do," Myreha first opened the
Yanagishima Rehabilitation Center in July 2011. Now
there are five centers that aid the rehabilitation ofpeople with a certificate for care/support as facilities
for close communication with local people. In
consideration of what Myreha can do for thehappiness of users in circumstances in which people
often worry and are anxious about their health in
the aging society, it has been making efforts tocontribute to the elongation of a healthy life as a
daycare service specialized in rehabilitation with
abundant programs and a sufficient amount of therequired exercises, including the Red Cord
Exercise*.
*Red Cord Exercise: This is training equipment for a unique
exercise established in Northern Europe particularly for
stretching muscles.

・Yanagishima Rehabilitation Center・Yoshikawa Rehabilitation Center
・Urawa Rehabilitation Center
・Goko Rehabilitation Center・Misato Rehabilitation Center

34

Takara Leben GroupThe Group after its restructuring

Merged to(Former Nikko Property)●Location/area in charge

Ikebukuro, Toshima-ku,
Tokyo (Head Office)Kohoku-ku, Yokohama-shi, Kanagawa (Headoffice and Kohoku Branch)
Tsuzuki-ku, Yokohama-shi, Kanagawa (Tsuzuki
Branch)Ikebukuro, Toshima-ku, Tokyo (Ikebukuro Branch)●Businesses

Lease management business,
property sales business,leasing
business, property agent businessand insurance agent business

Lease management business, property sales
business, leasing business, property agent
business, insurance agent business andconstruction business●Capital amount

30 million yen

60 million yen

With management resources optimally arranged in Takara Leben Group to
improve our operational efficiency, covering wider areas and more businesses

35

Memo

36

Memo

37

Memo

38

These materials were prepared based on data current as of September 30, 2019.
These materials, as well as answers, plans, projections and so on provided
during the subsequent Q&A session are based on Takara Leben’s best judgment
at the time the materials were prepared, and do not constitute a guarantee orpromise that anything contained herein will be realized or achieved, nor do they
provide any guarantees or promises as to the accuracy or completeness of theinformation

contained herein. The contents of these materials are subject tochange without notice.

Contact for Inquiries

TEL+81-3-6551-2130

Takara Leben Co., Ltd.

FAX

+81-3-6551-2139

Office of the President

E-mailir.info@leben.co.jp