Annual Report
Fiscal Year Ending Dec.31,2022
Mar.8.2023【English Summary】
Disclaimer: This English summary is only for reference purpose.
When there are any discrepancies between original Japanese version andEnglish version, the original Japanese version always prevails.

Prime Market：3452

Contents･･･FY 12/22･･･

１．Greetings and Medium-term Management Plan

P.3

２．Special Features Page

P.7

３．Financial Highlights

P.15

４．Business Summary

P.20

５．Company Plofile

P.28

B-LOT Co., Ltd. All rights reserved. 2

Greetings･･･FY 12/22･･･

For B-lot, 2022 was a year characterized by a breaking dawn.
Our daily lives approached that of pre-pandemic times, and inbound tourist numbers surged in the wake of eased entry
restrictions.
In the real estate market, the buying and selling of hotels saw an upswing in addition to continued strength incondominiums, logistics sites and offices.
Globally, the war between Russia and Ukraine, conflict between the United States and China, and turmoil due todramatic fluctuations in interest and foreign exchange rates continued。However, it seems that the firmness and strong
performance of the Japanese real estate market was even more pronounced.
Under these conditions, the consolidated earnings of the B-lot Group beat expectations, and progress on each measurein the Medium-Term Management Plan has come into view.
In FY2023, we will pursue improved revenue and sales of hotel assets that had been postponed during the
COVID-19 pandemic and will make improvements to both earnings and inventory turnover.
Although rising construction costs and interest rates are causes for concern, with the growing market for wealthy
customers and an inflationary era suggesting that "things sell for high prices because they are good" will serve as
strong tailwinds for the B-lot Group.
We will maintain proper awareness and pursue progress with the challenges
we face in differentiating our business model while securing and cultivating
talented human resources, and make every effort to provide products andservices of even greater quality.
The B-lot Group will first make a united effort to achieve its
Medium-Term Management Plan, and work to contribute to society throughstable, long-term growth.
As we pursue these initiatives, we ask for your continued support to the B-Lot Group.

B-Lot Co., Ltd.
CEO
President
MakotoMiyauchiMasahiro Mochizuki
B-LOT Co., Ltd. All rights reserved. 3

Stock & Shareholders･･･FY 12/22･･･

Change in the Number of Shareholders
27,787

FY12/2022

24,793

Stock Dividend

Total yield on purchase of 100 shares

5.53%

14,936*1Year-end
dividend
Per share

3,878
487

1,647

1,629

4,745

1,769

2014 2015年
2015 2016年
2016 2017年
2017 2018年
2018 2019年
2019 2020年
2020 2021年
2021 2022年
2022
2014年
*1: Year-end dividend = = Figures take into account stock splits in January 2018 and April 2020

Notice of annual meeting of Shareholders
Actions in

SDGs-based management

Decision to simplify notices with the introduction of
web-based notices and the elimination of color pages.

✓Reduced paper usage✓ Carbon dioxide reduction

Over 20% in

Dividend payout ratio

Dividend
payoutratio

25 yen30 yenregular years

15 yen 15 yen

20

*2

yen

20 %

20 % 69 %

28%

24

2018

2019

2021

2022

2020

%

*2: Dividends = To be discussed at the Ordinary Shareholders Meeting scheduled for March 2023
*3: Total Yield =(Amount equivalent to shareholder benefits + Annual dividend) /(Closing price on December 30, 2022 x 100 shares)

Shareholder Benefits
Recorddate
Shares
held
QUO
card

December 31, 2022
100 shares (one unit)
or more1,000 yen

From FY2023, the shareholder benefits program will beeliminated to consolidate shareholder return in dividends.
B-LOT Co., Ltd. All rights reserved. 4

B-Lot's History･･･FY 12/22･･･

Since 2015, B-Lot has established a group company or carried out M&A activity every year.
(The value of M&A activities in 2022 were the largest ever.)Human resources development and the increasing number of partner companies are expected
to contribute to stable, long-term growth.
M&A
LC Partners
Medical Asset Investment
Established

M&A

Nagoya Branch

YOKOHAMA
SEIEN

M&A

T&K Group
Established

B-Lot Capital Link

M&A

Tokan
Real Estate Dvelopment

TSEFirst Section

M&A

Viento Creation

Revenue
売上高

LLC
OWEN-IP

M&A

Life Stage

Net profit for the period
当期純利益

Established

OSAKA Branch

Established ・M&A
Established

B-Lot Asset Management
B-LOT SINGAPORETSE Mothers IPO
EstablishedEstablishedEstablished

Hokkaido Branch

B-Lot

Number of
Employees

Fukuoka Branch

FY2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

５

８

11

16

18

24

35

134

149

201

194

176

178

173

Earnings
Forecast(Notes) The figures from 2015 are consolidated figures.
B-LOT Co., Ltd. All rights reserved. 5*OWEN-IP LLC (formerly GK HEALTH CARE IP)

The Strengths of B-Lot･･･FY 12/22･･･

Asset
Management

Investment
Proposals

Funding

WealthyServiceTax Saving
InheritanceBusiness
Succession

Networks

Ability to source information using the networks of highquality wealthy customers and investors that management
has developed.

Expertise

Extensive experience in transactions of investment
properties and sophisticated expertise.
B-LOT Co., Ltd. All rights reserved. 6

Medium-Term Management Plan

Progress of the
100-Year Plan

Medium-Term Management Plan

Medium-Term Management PlanThree-Year Management Plan

FY2021（Actual）

1,501

Net Profit

953

Deep Plowing of
Existing Businesses

Delve deep into customer needs
and promote geometric growthof existing businesses.

Steady 20% Earnings
GrowthCultivate Future LeadersFortify business professionals
Become a treasure trove of
talented human resources.

Add More Corporate
Partners

FY2022

2,415

1,637

FY2023

3,640

2,440

25% orHigher Equity Ratio（Plan）※親会社株主に帰属する当期純利益は、当期純利益と記載しております。

( JPY in Millions )2,500

Net Profit
当期純利益
Ordinary Income
経常利益

2,000

4,000

3,000

Take measures to build up
capital and lay stable financial
foundation.

1,000

Find time to add to our numberof corporate partners under the
principle of mutual prosperity.

A breakdown of earnings■Real Estate Investment andDevelopment Business■Real Estate Consulting Business■Real Estate Management Business

1,500
2,000

B-LOT REIT IPO

Leverage our Group’s
information power to achieve
JPY50bn AUM and ongoing
business.

Aim for 20% yearly annualized
growth in consulting andmanagement.

（Predict）

100-YearPlan･･･FY
12/22･･･

Action Plan
( JPY in Millions )Ordinary
IncomeProgress of the

28%

50%

19%
16%

64%

22%

1,000

500

0

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

2019

Gross profit breakdown results

2023

Gross profit breakdown targets
B-LOT Co., Ltd. All rights reserved. 8

Deep Plowing of Existing Businesses

Medium-Term Management Plan

Progress of the

100-YearPlan･･･FY
12/22･･･

Seek progress while continuing to utilize funds procured
from a public offering in June 2021
Hakone Ashinoko Hotel Condominium

Soaring construction costs due to inflation
Reduced inbound tourism due to the spread of
COVID-19 ⇒ Postponed development schedules

In FY2023, domestic leisure and inbound demand will
recover ⇒ Operators remain highly motivated to open

new stores

Luxury condominiums for the wealthy

Increased handling of luxury condominiums in Minatoku and other areas as a lineup of real estate for sale
(Combined total of JPY2.06 billion in purchases in 2021
and 2022)

Short turnover model that does not involve borrowing⇒Contributes to lower non-operating expenses

Toranomon

Minamiaoyama

Akasaka(interest)
B-LOT Co., Ltd. All rights reserved. 9

Medium-Term Management Plan

B-LOT REIT IPO

Progress of the

100-YearPlan･･･FY
12/22･･･

REIT IPO postponed due to significant impact of COVID-19(sale of Esaka Building)⇒ Continued policy of building up AUM through private
equity funds
The REIT IPO was postponed due to soaring real estate prices
and the impact of COVID-19 on seed assets (hotels)High dividend income was achieved for investors who
contributed through the timely sale of the B-lot Esaka
Building

Strengthening of boutique private equity funds
In 2022 we saw results in asset management contracting in thehealthcare field

Began two development projects in collaboration
with OWEN-IP LLC (formerly GK HEATLH CARE IP)
Mar. 2022
Assembled SPC No. 1
Nursing home in
Seijo, Setagaya-ku

Oct. 2022
Assembled SPC No. 2
Nursing home in
Ebara, Shinagawa-ku
B-LOT Co., Ltd. All rights reserved. 10

Medium-Term Management Plan

Steady 20% Earnings Growth

Progress of the

100-YearPlan･･･FY
12/22･･･

Achieved segment profit of over 20% in consulting and management!
⇒ We will respond with upfront investment as measures aimed at the next fiscal
year and beyond

Two solar power
generation projects

Increased personnel⇒Branch office
expansion and relocation

Nagoya Office⇒Transfer to fixed assets

Osaka OfficeNov. 2022

Increased in real estate fixed assets

Nagoya Office：Relocations and personnel increases to

Securing stable earnings over the long

handle increase in number of projects

termDec. 2022

In the future, we will continue considering

Osaka Office ：Expansion and relocation to Namba Parks

transfers from real estate for sale to fixed(long-term) assets

B-LOT Co., Ltd. All rights reserved. 11

Medium-Term Management Plan

Cultivate Future Leaders

Progress of the

100-YearPlan･･･FY
12/22･･･

Hire human resources who are flexible and adaptable.
Support breakthrough successes!
Introduction ofstock options

Number of
employees

129

Number of
femaleemployees

33％

10% support
ownership association

Averegeage

37.2

Performance-based
wage system

The paid
digestibility
rate

88.1％

Annualholidays
over

120

days

Note: The above figures are aggregates for B-lot on a non-consolidated basis.
B-LOT Co., Ltd. All rights reserved. 12

Add More Corporate Partners

Medium-Term Management Plan

Progress of the

100-YearPlan･･･FY
12/22･･･

Strive to diversify earnings opportunities throughschemes including joint investment and M&A
Sojitz Residential
Partners K.K.

Kita nijuyo jo＆

Chijikoukan

Care21 ＆Maruyama

Nursing home in Seijo, Setagaya-ku (tentative)

Conducted joint bid with Sojitz Residential Partners for

Jointly invested in OWEN-IP LLC together withbulk projects. Successfully acquired three properties incomprehensive welfare services company CARE

Sapporo City

TWENTYONE CORPORATION to further strengthen

Succeeded in expanding inter-site transactions andactivities in the field of healthcare in 2021

engaging in strong coordination, increasing inventory

We will aim for aggressive business expansion and thein Hokkaido by 175% year on year

creation of partner companies
B-LOT Co., Ltd. All rights reserved. 13

Medium-Term Management Plan

25% or Higher Equity Ratio
EPS & BPS
700
600

１株当たり当期純利益金額（円）
EPS(JPY in Millions)613.65

１株当たり純資産額（円）
BPS(JPY in Millions)

ROE（％）ROA（％）

40.0

30.0
25.0

378.41

9.0
25.3

23.5

12.0

39.3
36.6

35.0

542.58510.41 499.80

400

22.4

34.4

10.0

8.4

8.0

7.0

20.0

300

260.28156.63200

15.0

183.4574.44
37.64
20.29 28.15

125.82152.97

6.0
4.5

5.3
4.4

14.5

81.39

21.60

53.65

83.99
5.0

4.3
0.9

2.0

2020

2021

2.0

0.0
2014

2015

2016

2017

2018

2019

2020

2021

2022

Capital to Asset Ratio

24.6

10,000

21.0

24.3

8,000
18.6

10,58325.0

8,141 8,025
21.3

17.5

10.0

2,430 2,818

2017

2018

2019

16.3

0

0.0
2015

2016

2017

2018

2022

15.9
13.8

15.3

11.5
10.2

10.1

14.0

2019

2020

2021

2022

14.6

14.0
12.1

10.0

6.5
8.0

9.4

10.2

7.5

5.0

5.0

977
2014

2016

15.0

20.0
15.0

4,008

4,000

2015

Operating Income
営業利益率（％） 18.1
Ratio(%)
経常利益率（％）
Ordinary Profit
Ratio(%)

30.0

24.3

5,974

17.0

20.0

11,960

21.7

6,000

0.0
2014

Profit Ratio

自己資本（百万円）
Net Worth (JPY in Millions)
自己資本比率（％）
Capitalto Asset Ratio(%)

12,000

4.0

3.1

10.2

10.0

0

2,000

100-YearPlan･･･FY
12/22･･･

ROE/ROA

500

100

Progress of the

3.9
0.0
2014

2015

2016

2017

2018

2019

2020

2021

2022

B-LOT Co., Ltd. All rights reserved. 14

Financial Highlights

Summary･･･FY 12/22･･･

Recorded consolidated net profit of over JPY1.63 billion,
achieving the initial forecast (JPY1.49 billion)
Also contributed to profits of equity-method affiliates, withgrowth of 71.8% year on year
Balance of real estate for sale was JPY38.8 billion, mainly
revitalization projects
M&A and joint bidding were utilized to steadily built up realestateGood progress made in recruitment and earnings structurereformConsulting Business profit is up 135.1% year on year
Aiming to become a 100-year company achieving sustainablegrowth, we will continue to pursue earnings structure reform
while targeting stable, long-term growth
B-LOT Co., Ltd. All rights reserved. 16

Performance Highlights･･･FY 12/22･･･

Aiming for Steady Growth, Paying Particular Attention to
Net Profit, a KPI
Revenue

Ordinary Income（JPY in Millions）

Net Profit（JPY in Millions）

30,000（JPY in Millions）

2415

2,500

1,800

1,637

26,481
25,0002,000

19,911

20,000

1,200

1,501
1,500

953

14,751

15,000

1,033
1,000

10,000

600

344

500

5,000

0

0
2020

2021

2022

0
2020

2021

2022

2020

2021

2022

Note: In this presentation, net profit attributable to shareholders of parent is shown as net profit.
B-LOT Co., Ltd. All rights reserved. 17

Consolidated P&L Summary(JPY in Millions)

2021/12.

2022/12.

YoY change

14,751

19,911

35.0%

11,093

14,597

31.6％

1,571

2,468

57.1％

2,087

2,846

36.4％

Gross profit

4,821

5,929

23.0%

SG&A

2,791

3,016

8.0%

Operating income

2,030

2,913

43.5%

(1) Real Estate Investment
and Development
business

1,864

1,471

△21.1％

580

1,365

135.1％

573

1,096

90.6％

△988

△1,0193.1％

Ordinary income

1,501

2,415

60.8%

Net profit for the period

953

1,637

71.8%

Revenue(1) Real Estate Investment
and Development
business(2) Real EstateConsulting business(3) Real EstateManagement business(2) Real EstateConsulting business(3) Real EstateManagement business
Other (company-wide
expenses)(Note) Revenue does not include inter-segment transactions.

･･･FY 12/22･･･

Revenue and Operating income
Revenue increased JPY 5,159 million, up 35.0％
year on year.
Operating income rose JPY 883 million, up
43.5％ year on year.
Recorded JPY510 million loss on valuation ofreal estate for sale

SG&A
Increased JPY 224 million.
Climbed only slightly, 8.0%, year on year,
reflecting an improvement in operating
efficiency chiefly due to the promotion ofelectronic contracts.

Net profit for the period
Increased JPY 684 million.
Rose 71.8％ year on year.

B-LOT Co., Ltd. All rights reserved. 18

Consolidated P&L Summary･･･FY 12/22･･･(JPY in Millions)

2021/12.
Assets2022/12.

YoY change

48,75356,005

14.9%

Current assets

44,342

51,781

16.8%

Fixed assets

4,388

4,210

△4.1％

23

13

△41.8%

38,12043,961

15.3%

Current liabilities

17,79817,018△4.4%

Fixed liabilities

20,321

26,943

32.6%

Net assets

10,632

12,043

13.3%

Total liabilities
and net assets

48,75356,005

14.9%

Deferred assets

Liabilities

Assets
Rose JPY 7,251 million.
Cash and deposits declined JPY 2,247 million.
Real estate for sale and site under development
increased JPY 9,329 million.

Liabilities
Climbed JPY 5,840 million.
Interest-bearing debt increased JPY 4,056 million.
Of interest-bearing debt, long-term borrowings
rose JPY 2,467 million.
Received long-term funding from financial
institutions to maintain financial stability,
preparing for changes in market conditions.

Net assets
Increased JPY 1,410 million.
Retained earnings rose JPY 1,320 million.
The equity ratio stood at 21.4％ (21.7％ a year ago).
Target equity ratio of more than 25% to establish
a stable financial base.
B-LOT Co., Ltd. All rights reserved. 19

Business Summary

Real Estate Investment Development Business
Revenue and Ordinary Income Trends･･･FY 12/22･･･

Properties

22,668(JPY in Millions)21,185

Revenue
売上高
Operating Profit
営業利益17,208 3,896

14,597
10,980 3,039
11,093

9,977
6,137
3,236

839

2,316

1,864
1,465

1,471

989

464
2014年
2015年
2017年
2020年
2014
2015 2016年
20162017 2018年
2018 2019年
20192020 2021年
2021 2022年
2022

Acquired three properties in central Tokyo through M&A
involving a real estate holding company

Segment profit declined 21.1% year on year

Acquisition → extensive volume of information, steady

Recorded JPY510 million loss on valuation of real

progress

estate for saleStrengthened acquisition of projects in central Tokyo

31 properties were sold. (27 properties a year ago)through M&A and equity handling

19 residential properties, 8 office and retail properties, 4

Sales → large number of properties with profit

land lots.

exceeding initial forecasts

Sales mainly of residential property including luxury

Uptick in inquiries from overseas capital investors andcondominiums

funds

B-LOT Co., Ltd. All rights reserved. 21

Real Estate Investment Development Business
Balance of real estate for sale･･･FY 12/22･･･

Properties By Type(JPY in Millions)

38,866

仕掛販売用不動産■Site
under development
販売用不動産■Realestate for sale

Development Site

29,536
26,9301
19,9039

14,500
11,392 11,358

3 1 36241

9

1 31 5

31

6

61

3

土地 Be
■
■ ■Land■Land toto be
事務所・店舗■ ■RetailResidence
Developed
Office
住宅系

Office■ Developed■Retail
Residence
ホテル・宿泊関連■■ Hotel
Hotel

介護施設

■
■ NursingNursing
Care Facility
Facility
その他Care■ Other
Other
■

37

19

6,069
3,403
2014
2014

Dec,2021
2015
2015

2016
2016

2017
2017

2018
2018

2019
2019

2020
2020

2021
2021

2022
2022

51 properties acquired (35 properties a year ago)
Properties, mainly for residential purposes, werepurchased successfully. The balance of real estate

for sale rose 31.6％ year on year to exceed JPY
38.0 billion.
Increased long-term borrowings, taking advantage ofgood relationships with financial institutions. Strived
to improve financial soundness.

Dec,2022*Bulk deal is calculated as one.(B-Lot Only)

37 properties for residential purposes were purchased,
an increase of 18 from the previous year.

Six office and retail properties were purchased, anincrease of three from the previous year.
Most of the purchased properties were those fromwhich rental income can be earned.
No hotels were sold due to COVID-19, but there was arecovery from business demand, and leisure demandis also on a recovery track
B-LOT Co., Ltd. All rights reserved. 22

Upcoming Properties･･･FY 12/22･･･

Real estate restoration

Tokyo / Ayase

Aichi / Sengen

Corporate
revitalization

Overseas

Fukuoka / Akasaka

Owning condominiums on
one lot in Hawaii

Tsuruga International
Golf ClubHotel

Development
B-Lot Daimyo Building

Address：Daimyo Chuo-ku,
Fukuoka-shi
Date of Completion ：Oct,2022
Type： Office / Shop
Completion：Streel construction,
9 floor above ground
Lot Area：723.50㎡
Building Area：3,286.33㎡

B-Lot Heian-dori Residence

Address：Heian Kita-ku, Nagoya-shi
Date of completion ：Dec,2022
Type ：： Residential complex
Completion ：Reinforced concrete
structure, 10 floors above ground
Lot Area ：279.95㎡
Building Area ：1,385.82㎡

THE MACHIYA EBISUYA
B-LOT Co., Ltd. All rights reserved. 23

Real Estate Consulting Business
Revenue and Ordinary Income Trends･･･FY 12/22･･･
Number of Contracts Trends

2,468

売上高
Revenue
Operating Profit
営業利益

Number of units delivered
through commissioned sale

Number of contracts
through brokerage(JPY in Millions)80■Kansai

1,571

1,365

600

1,037

40
400

767

577
197

171

78

57

2014年
2014

2015年
2015

345
2016年
2016

800

■Hokkaido

1,249 1,257

1,277

828

■Kanto

60

961

1,000

■Kyusyu

408

580
455

20

200

282
2017年
2017

2018年
2018

2019年
2019

2020年
2020

2021年
2021

2022年
2022

Business profit was 135.1％YoY

002021/122022/122022/122022/12The number of contracts through brokerage was 79 (60Set new record for profit by a large margin

in the previous year).

With the success of expanding inter-site

The number of units delivered throughtransactions and engaging in strong coordination,commissioned sales increased 16.1％ year on year.

the number of projects in Hokkaido increased by

Deliveries were completed successfully and77.8% year on year

contributed to revenue and income.

Kanto29、Hokkaido16、Kyusyu6、Kansai28

B-LOT Co., Ltd. All rights reserved. 24

Real Estate Consulting Business
M&A, sales brokerage･･･FY 12/22･･･
Commissioned sales, start of new sales

PLANE-SUPERIOR NARIMASU▲Total units:103

Live in a quiet residential area offering
excellent convenience situated onelevated land adjacent to a park

◀ Total units:

Tokyo / Ginza

Tokyo / Hanzomon

Metrise Tower Osaka
Uehommachi

135

Commercial facilities × common use
facilities × homes
High-rise apartment building integrated
with commercial facilities

After more than a year of negotiations, we completed a

Began new sale of 14 properties in FY2022!

large-scale M&A brokerage deal!

Aim for early sell-outs by focusing on per-person

Also responded closely to potential transaction needs

productivity

We had succeeded in continually following up with

New business owners increased by 3

funds and REIT representatives. As a result, B-to-B

We also invested in some joint ventures to expand

transactions accounted for more than 50% of total

contracting routes

transactions, and the number of high-priced projects

also increased

B-LOT Co., Ltd. All rights reserved. 25

Real Estate Management Business
Revenue and Ordinary Income Trends

PM consignment building trends(JPY in Millions)
売上高
Revenue
営業利益 Profit
Operating

2,695

2,846
2,087 1,096

2,021

916

901
642
188
45
2013
2013

275

881 838
458

120

2,555

■ Kanto中部■ Hokkaido
関西■ Kyusyu
九州■ Kansai
北海道■Chubu
関東

573

30

443

116

59
48

283

9

40
9

28

101
21

82

36

679

135

90

60

10

8
23

68

21

14

35
33

15
30
27

23

18

12

14

15

17

20

26

28

2014

2015

2016

2017

2018

35

42

63

54

0

88
2014
2014

･･･FY 12/22･･･

2015
2015

2016
2016

2017
2017

2018
2018

2019
2019

2020
2020

2021
2021

2022
2022

2019

2020

2021

2022

Business profit was 91.3％YoY

The number of buildings was 135 (116 a year ago).

Set new record for profit by a large margin

The number increased by 19 from the same period in theprevious fiscal year

Rental income increased, although hotels were

The earnings base expanded steadily due to the increase inadversely affected by COVID-19. Revenue fromthe number of buildings managed

business-oriented leasing greatly contributed to
profits

Owner satisfaction increased due to an increase in asset
value
Repeat transactions and referrals increased
B-LOT Co., Ltd. All rights reserved. 26

Real Estate Management BusinessContracted property management･･･FY 12/22･･･

Trends in the number of accommodationoriented projects （Dec,2022) *ADR：Average daily rate

77.0％

96.9％

Occupancy rate ：Occupancy rate ：Fukuoka / Hakata

ADR*(yen)：

Hokkaido / Yamanote

10,331

13,534

ADR*(yen)：

HOTEL TORIFITOHAKATA GION

HOTEL TORIFITOKANAZAWA

Nationwide guest room average occupancy rate
Sale of own properties ⇒management handover,
new owner acquisition

Improve revenue ⇒ repeat management increased

80%

Dec,2022

53.7%

60%

40%

Introduction of lease management system⇒ improved business efficiency
Focus on leasing activities and owner follow-ups

Towards pre-pandemic
levels in 2022

20%

0%

Prepared by B-lot based on Japan Tourism Agency's Overnight Travel Statistics Survey

2019

2020

2021

2022

（Year）

B-LOT Co., Ltd. All rights reserved. 27Company Profile

Company Profile
Company Name＝as of December 31, 2022＝

B-Lot Company Limited

Head Office

1-11-7, Shimbashi, Minato-ku, Tokyo,
105-0041 Japan

Establishment

October 10, 2008

CapitalJPY 1,992,532,283

CEO

Makoto Miyauchi

Number of
Employee

129 employees (173 as Consolidated)

Listed Date

December 11, 2014 （TSE Mothers Market : 3452)
February 02, 2018 （TSE 1st Section : 3452)

Offices
Subsidiaries

Hokkaido, Nagoya, Osaka , Fukuoka

B-Lot Asset Management Co., Ltd（100％ Subsidiary）
B-Lot Singapore Pte., Ltd.（100％ Subsidiary）
B-Lot Hospitality Management Co., Ltd.（100％ Subsidiary）
T&K Co.,Ltd.
B-Lot Capital Link Co.,Ltd （100％ Subsidiary）

The three founders･･･FY 12/22･･･

Makoto Miyauchi Chief Executive Officer （Born in February 1969)
Acquired BA in Political Science at Keio University, Tokyo and MBA at University of Washington,
Seattle. A former banker (at Sanwa Bank - currently MUFG) with expertise in project financing,property loans, and securitization.
Established B-Lot to start new real estate and financial businesses
in 2008. A well-known, influential business executive in Japan.

Masahiro Mochizuki President （Born in October 1972)
Acquired BA in Real Estate at Meikai University.
Established a new business field in real estate value-up called “Re-planning” in 2001,
responsible for purchasing, improving value, selling, and securitizing properties.
Specialized in ‘revitalization and conversion business on real estate’.
Has dealt more than 150 transactions, becoming a most recognized authority in the field of real estate value-up.
Held a number of seminars mainly about revitalization.

Shinichi Hasegawa Director and Deputy President （Born in July 1972)
Acquired BA in Commercial Science at Sapporo Gakuin University.
Has been responsible mainly for purchase and sales real estate brokerage business .
Made tremendous contribution for Sun Frontier Fudousan Co., Ltd.(TSE first section 8934)

to be listed in the JASDAQ Stock Exchange in 5 years and in the Tokyo Stock Exchange in 8 years
since its incorporation. Assumed the Deputy President of B-Lot in 2008.
Set up new branches in Singapore & Hokkaido by himself and creates new investment networks.
B-LOT Co., Ltd. All rights reserved. 30

History･･･FY 12/22･･･

The logo is ・・・
a symbol of our foundation.

Passion

Sincerity

Brightness

Total
harmonization

The rounded corners of the squares express flexibility
and balance.
The company was established in October 2008, and all three founders had different areas of expertiseand networks.
President Makoto Miyauchi has a strong background in finance, Deputy President Shinichi Hasegawa is
extensive expertise in consulting and customer development and Deputy President Masahiro Mochizuki
is skilled in property revitalization (acquisition and sales). Previously, they managed a real estatecompany listed on the TSE 1st Section.
In December 2014, B-Lot listed on the TSE Mothers market with 27 employees, just six years and twomonths after its founding, which was faster than any other real estate company following the global
financial crisis.
In February 2018, the company transferred its listing to the TSE 1st Section.
B-LOT Co., Ltd. All rights reserved. 31

Business Outline･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 32

Real Estate Investment Development Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 33

Real Estate Investment Development Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 34

Real Estate Consulting Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 35

Real Estate Consulting Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 36

Real Estate Management Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 37

Real Estate Management Business･･･FY 12/22･･･

B-LOT Co., Ltd. All rights reserved. 38

B-LOT SINGAPORE PTE. LTD.
B-Lot Singapore Pte. Ltd. was established to provide a variety ofinvestment solutions for Asian investors.
We are a one-stop service provider for real estate purchases, sales, property management and asset
management in the part of the B-Lot Group that specializes in sourcing and consulting with real estate.
B-lot Singapore aims to meet the expectations of smooth asset operations for Asian investors regarding
inbound investment needs in Japan.

Chief Customer Officer
Shinichi Hasegawa— Business Model ―1. Services at Singapore local office

2. Service by B-Lot Group in Japan(B-Lot Singapore Pte.Ltd.)★Investment coordination(B-Lot Group）
From Japanto Singapore:
About7 hours and40 minutes★Wide range of operational support
・Sourcing real estate information basedon individual clients’ needs

・Provide the latest Japanese market

・Viewing tour with English speaker
information

・Leasing and Property management
・Introducing reliable lawyers, accountants,

・Introduce a variety of financing plan

judicial scriveners, etc.
・Speedy negotiations
・After sale follow-up

From Singaporeto Japan:
About6 hours and50 minutes★B-Lot Asset Management
・Fund origination

Investors

B-Lot Asset Management Company Limited
B-Lot Asset Management Co., Ltd. provides comprehensive real estate
operational services such as asset management with financial schemes
We originate a wide variety of real estate funds to meet the investors’ individual needs. As an asset manager
with deep knowledge, B-Lot provides quality services and has cultivated sales/purchases, brokerage, valuation,and property management of investment properties along with experience, expertise, and our own network inasset finance.

President Taro Togawa— Business Model ―Acquisition
・Analysis on targeted property
・Sourcing and negotiation
・Property valuation
・Debt financing
・Due diligence・Origination of structural vehicle
・Documentation

Operation（3 to 5 years）
・Implement asset management
strategies
・Improve the asset value (Rent,
occupancy rate, renovation, etc.)
・Supervision of property management
and building management companies
・Portfolio management and cash flow

Exit
・Provide exit strategies (Sale,
refinance etc.)
・Property valuation
・Negotiation with purchaser
・Documentation
・Closing of funds (pay off debt）

planning

・Investor reporting

Income Gain
Equity Investment

Investors

Capital Gain

T&K Co., Ltd.
T&K provides a range of services including outsourced golf course management,
design and repair planning, and golf tournament plan proposal by harnessing its
abundant experience and broad expertise related to golf.
T&K provides superior services with a focus on hospitality, and improves course maintenance to provide
high-quality course conditions. By doing so, the company enhances player satisfaction and boosts course
performance. The company leverages its strength in reflecting customers’ voices into product planning andmanagement, with the aim to increase the asset value of golf courses.
President Taizo Kawata— Business Model ―Outsourced management

Consulting services

Outsourced management of golf courses

The management of a total of threecourses, including contract as adesignated course manager
Comprehensive consulting services
related to golf, including renovation andcourse maintenance

Planning
Golf course design, renovation design,and supervision

Plan proposal
Proposing plans for golf tournaments
and events

Adviser services

Golf courses the company manages on an outsourced basis

Wakasu Golf Links(Management business designated by
the Tokyo Metropolitan Government)

North Shore Country Club

Strategic planning and practical training
to enhance the asset value of golfcourses as profit-earning real estate
Adviser services related to the purchaseor sale of golf course assets

Tsuruga Kokusai Golf Club・・・・・ Contact us ・・・・・
Corporate Planning Department
Tel ：+81 3-6891-2525
Fax：+81 3-6891-2522
E-mail ir@b-lot.co.jp
URL : https://en.b-lot.co.jp/
DISCLAIMER
Except for historical facts, all plans, forecasts, strategies and other information contained herein are forward-looking statements. Forwardlooking statements include but are not limited to descriptions of performance containing words such as or similar to “believe,” “expect,” “plan,”“strategy,” “anticipate,” “forecast,” and “estimate,” and are based on judgments derived from the information available to the Company at thetime of publication. Various factors could cause results to differ materially from any projections presented herein. The Company reserves theright to maintain or change its projections regardless of any new information, conditions or changes in performance. These materials are for
informational purposes only, and should not be construed as a recommendation to invest in the Company.