Annual Report
Fiscal Year Ending Dec. 31, 20203452 TSE, First Section

Mar.26,2021

To Our Shareholders～Building up stable earnings and moving steadily forward
as we aspire to build a 100-year corporate group～
B-Lot Co., Ltd.
President

Makoto Miyauchi

To All Stakeholders:Ever since our founding, B-lot has pursued profits and long-term growth as a company greatly
needed by society by creating valuable new businesses in real estate and real estate finance.
In 2020, though, our Group’s business environment was rocked by the global crisis of the
COVID-19 pandemic.
However, we regard these peri- to post-COVID times as a second founding era for our Group.
Our long-term ambition is to build a 100-year company that is constantly growing, and as we set
the stage for further growth over the next few years, we will be working to lay a solid foundingfor our existing businesses as well as create new businesses to respond with agility to thechanging times.
We will continue working together to promote community and social contribution activities.
We look forward to your continued support of B-Lot.

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

Revenue and Profit Trends

2020.5Acquired LC Partners and Medical
Asset Investment Corporation
2020.7Merged B-lot Asset Managementand LC Partners(JPY in Millions)

29,7002019.5 Acquired 50% stake

Revenue
売上高

YOKOHAMA SEIEN

Profit for the period
当期純利益25,13026,481

2,440

24,5002018.2

TSE 1st Section

20,2672018.4 M&A

21,700

2,428

T&K Group
2018.4 Established2016.4 M&A
2011.4 EstablishedLife Stage

Hokkaido
BranchOsaka

2014.12TSE Mothers IPO
2008.10 Established2015.2 Established

B-Lot

B-Lot AM
2015.5 Established2013.9 Established

B-Lot CL

1,960

2016.7 Established

13,097
1,490

11,6262017.1 M&A

1,250

Viento Creation

6,950
870

3,709

588

B-Lot SG400

Fukuoka Branch

344

176

Earnings Forecast

2009/12 2010/12 2011/12 2012/12 2013/12 2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12

B-Lot Channel, Now Streaming!
Epoch

B-Lot

MOVIE

「B-Lot Channel」

YouTubeSearch「History of B-Lot」
B-Lot Co., Ltd. All rights reserved. 3

Increase in the Number of Shareholders
Up three-fold year on year, and30-fold since our IPO

FY2020/12

14,936

Total yield onpurchase of 100
sharesnumber ofshareholders

1,647

1,629

1,769

2014/122015/122016/122017/12

※3

4,745

3,878
487

3.88%

2018/122019/12*1: Year-end dividend = adjusted for stock split in January 2018 & April 2020
*2: Dividends = To be discussed at the Ordinary Shareholders
Meeting scheduled for March 2021
*3: Total Yield =(Amount equivalent to shareholder benefits + Annual
dividend)/(Closing price on December 30, 2020 x 100 shares)

2020/12Returns for Shareholders
Steady, ongoing dividend payouts

25 yenYear-end ※1

dividend
Per share

Dividend payout
ratio

9.8 yen
12 %FY2017/12

30 yenShareholder Benefits

69

%

15

20 %

20 %

FY2018/12

FY2019/12

Ongoing implementation

※2

yen

FY2020/12

Record Date

December 31, 2020

Shares held

100 shares (one unit) or more

QUO card

JPY 1,000
B-Lot Co., Ltd. All rights reserved. 4

Ⅰ. Performance Review

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Earnings Forecasts
Ⅳ. Company Profile

P.05-10
P.11-18
P.19-21
P.22-32

Ⅰ-1. Summary･･･FY2020/12･･･

First profit decline since listing on the Tokyo Stock Exchange, owing to theimpact of the COVID-19
Write-downs and project cancellations, largely in hotels

Biggest property sale since our founding (JPY13bn)
Property sold to B-Lot REIT, Inc. (which is sponsored by our Company)

Business expansion through M&A and deep plowing of specialist fields
Executive mergers, and reconfiguring our Group for enhanced earnings

Announcement of medium-term management plan
Earnings structure innovation and steady, long-term growth to advance us
toward our 100-year vision
B-Lot Co., Ltd. All rights reserved. 6

Ⅰ-2. The impact of the COVID-19 infection
Segment

ImpactFiscal year results, current status

Propertyacquisition

Residential real estate basicallyunaffected

Acquisition of 30 rental income properties

Property sale

Decline in deals for hotels and large-scale
properties

Small and medium-sized properties unaffected.
25 properties sold

Alterations in a number of business projects

Changed use of accommodation facilities,
postponed development of nursing care facilities

Changes in hotel profitability

Hotel project cancelled and sales contract
terminated

Brokerage

No transaction from overseas investors due torestrictions on movement

Brisk trading appetite among domestic
investors; 25 contracts closed

Consignment
sales

Showrooms closed during the COVID-19
state of emergency declaration

Unaffected: Visitor traffic is back, and sales areup since the lifting of the emergency

Housing

New normal lifestyles and changing needs

Unaffected: Sales consignments and property
rents accumulating

Stores/officeRestaurant contract cancellations

Re-tenanting by marketing to pre-furbishedbuyers or delivery-only restaurant operators

Lodgingfacility

Major loss of income as hotels remained
closed during lockdown

Withdrawal from commission-only contracts

Golf courses closed during state of
emergency declaration

Since the lifting of the emergency, customer traffic
has recovered despite
downsized operations
B-Lot Co., Ltd. All rights reserved. 7

Investment
development

Development
project

Consulting

Rent income

Management･･･FY2020/12･･･

Golf courses

･･･FY2020/12･･･

Ⅰ-3. Performance Highlights～Revenue up, but profit down due mainly to hotel write-downs～
Revenue

26,481UP

5.4％YOY

JPY in Millions(JPY in Millions)

Ordinary
Income1,033

JPY in Millions

DOWN▲70.7％YOY(JPY in Millions)

26,481
25,13025,000Net Profit

3,525

3,000

JPY in Millions

DOWN▲85.8％YOY(JPY in Millions)

2,428

2,500

3,500

20,267

344

2,832

2,000

1,960

20,0002,500
1,500

15,000

2,000
1,500

10,000

1,000

1,033
1,000
500

5,000

344

500
-

2018/122019/122020/122018/122019/122020/122018/122019/122020/12

Note: In this presentation, net profit attributable to shareholders of parent is shown as net profit.

B-Lot Co., Ltd. All rights reserved. 8

･･･FY2020/12･･･

Ⅰ-4. Consolidated P/L / B/S Summary～Rent income growth drove higher Real Estate Management operating profit～
Consolidated P/L Summary

Revenue(1) Real Estate Investment
and Development
business(2) Real EstateConsulting business(3) Real EstateManagement business(JPY in Millions)

FY2019/12

FY2020//12

YoY change

25,13026,481

5.4％

21,18522,668

Consolidated B/S Summary(JPY in Millions)

FY2019/12

FY2020/12

Assets33,55545,96137.0％

Current Assets

29,881

41,476

38.8％

Fixed Assets

3,650

4,451

21.9％

Deferred Assets

23

34

43.8％

Liabilities

25,40137,923

49.3％

7.0％

1,249

1,257

0.7％

2,695

2,555

△5.2％

YoY change

Gross Profit

6,980

4,734

△32.2％

SG&A

2,995

3,014

0.6％

Operating Income

3,985

1,719

△56.8％

Current Liabilities

11,093

13,866

25.0％

3,896

1,465

△62.4％

Fixed Liabilities

14,30824,056

68.1％

577

455

△21.2％Net Assets

8,154

8,038

△1.4％

679

916

34.9％

Total Liabilities
and Net Assets

33,55545,96137.0％△1,168△1,117△4.3％

The above revenue does not include internal transactions between segments.

Ordinary Income

3,525

1,033

△70.7％Net Profit for the Period

2,428

344

△85.8％(1) Real Estate Investment
and Development
business(2Real EstateConsulting business(3) Real EstateManagement business
Other (company-wide
expenses)

B-Lot Co., Ltd. All rights reserved. 9

･･･FY2020/12･･･

Ⅰ-5. Data (Reference Material)
ROE・ROAEPS & BPS
1,000
800

1,020.82

EPS ( JPY in Millions )１株当たり当期純利益金額…
BPS ( JPY in Millions )１株当たり純資産額（円）756.8340.0

ROE（％）

35.0

ROA（％）

12.0

39.3
36.6
34.4

30.0

10.0

9.0
8.4

600

520.55400
200

313.26148.87
40.59

0

22.4

8.0

7.0

20.0

6.0
5.3

251.65305.95

15.0

4.5

4.4

4.0

10.0

162.77
21.60

2.0

4.3

5.0

0.9
0.0

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12

2014/12

Capital to Asset Ratio

Profit Ratio

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

6,000

24.3
18.6

21.0

8,141
24.6

8,025

24.3

5,974
17.5

17.0

30.0
25.0

4,008
2,430

2,000

2,818

977
0

23.5

0.0

8,000

4,000

56.30

499.80366.89

75.29

25.0

25.3

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12

20.0
15.0
10.0
5.0
0.0

20.0

2015/122016/12

Noi Ratio (%)
営業利益率（％）
Ordinary Profit Ratio (%)
経常利益率（％）

15.0
10.2

11.5

10.1

2017/12

18.1

15.3

2018/122019/12

16.3

15.9

14.0

14.0

2020/12

10.0

5.0

8.0

6.5

9.4
7.5

3.9
0.0

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12
B-Lot Co., Ltd. All rights reserved. 10

Ⅱ. Business Summary

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Earnings Forecasts
Ⅳ. Company Profile

P.05-10
P.11-18
P.19-21
P.22-32

･･･FY2020/12･･･

Ⅱ-1. Real Estate Investment and Development BusinessBusiness profit was JPY1,465M (-62.4% YoY)
Revenue
売上高
営業利益
Operating Profit

Properties By Type *( JPY in Millions )

9,977

3,039

5

1 2 2 1 11
28

2,316

6,137
839

1,465

989

8

3

5

Record-high portfolio of JPY26.9bn
in spite of major property sale
30,00026,930Site under development
Real estate for sale
( JPY in Millions )19,90320,00014,500
11,392 11,358

10,000

6,069
5,000

7

33

Residence
住宅系

ホテル・宿泊関連
Hotel
Nursing
Care Facility
介護施設

2

太陽光 Power Plant
Photovoltaic
Logistics
物流施設

5

建築予定用途Type
as of completion11

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12

15,0003

1464

25,000

土地to be developed
Land
Office,Retail
事務所・店舗1 2 11 7

17,208 3,896
10,9803,236

FY2020/12.

FY2019/12.

22,66821,185*B-Lot Only

3,403

*Bulk deal is calculated as one.

Maintaining good business relations
with financial institutions
１ Unsecured Working Capital ,Significant Increase
B-Lot group took out JPY 6.8bn in long-term loans.

〜Financing for procurement and property revitalization〜

２ Increased ratio of long-term debt
Short-term loans payable 11.6bn (+28.2% YoY)
Long-term loans payable 23.9bn (+69% YoY)0
2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12

B-Lot Co., Ltd. All rights reserved. 12

･･･FY2020/12･･･

Ⅱ-2. Real Estate Consulting BusinessBusiness profit was JPY455M (-21.2% YoY)
Revenue
売上高
営業利益
Operating Profit

1,277( JPY in Millions )

1,249

1,257

1,037
577
767

455

408
345
197

171

78

57

2014/122015/122016/122018/122019/122020/123%

Seller

Buyer
Prime location
appraisal andpurchase

Resolve complex
title issues andfacilitate sale

Ongoing customer relations
facilitate subsequent brokeringof portfolio refreshment deals
Sales agency
services

Breakdown of sales
16% 6%5%

Commercial property inTokyo’s Shibuya Ward

Reputation built on endorsement for our painstaking customer support282

2017/12

Deep plowing and relationship building
with existing customers

Brokerage

Equity participation in B-Lot
REIT as a corporate partner

We handle sales of major property developmentsthat provide core revenue sources
CIELIA CITY
Akashi Ōkubo

Hokkaido
北海道

810

Units as Sales Agent

Tohoku
東北

17%

Units

関東
Kanto
中部
Chu-bu52%

関西kansai九州
kyusyuThe largest scale on the
JR Kobe Line

Seller

B-Lot Co., Ltd. All rights reserved. 13

･･･FY2020/12･･･

Ⅱ-3. Real Estate Management BusinessBusiness profit was JPY916M (34.9% YoY)
Revenue
売上高
営業利益
Operating Profit

2,695( JPY in Millions )

2,021

642

2013/12

275

916

881

838

458

443

283

679
Fukuoka88
2014/122015/122016/122017/122018/122019/122020/12

過去5年半のテナント数と総面積の推移
総賃貸可能面積(㎡:右軸)
Total leasable floor area (m2)
総テナント数(件:左軸)
Total no. of tenants

Tokyo

３

Coordination with other business divisions to
expand our property management portfolio
Third-party
collaboration【PM】 Solid growth since our IPO
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0

Ongoing after-sales support

2,555

901

188
45

Property
management
services

Working to expand tenant services

160,000
140,000
120,000
100,000
80,00060,00040,00020,0000Treasury Factory
Home Moving＋

Used furniture and home
出張買取
宅配買取
appliancespurchaseand removal

24hr emergency home
maintenance service

Treasure Factory Co., LTD.

Japan Best Rescue System Co., Ltd.

Enhanced customer support for greater
customer satisfaction
B-Lot Co., Ltd. All rights reserved. 14

Close up!
～Strategies for Earnings
Structure Reform～

EpochMaking!

【REIT】 Launch in just six short months from M&A date

M&A Implemented in 2020
May

Asset management
firm shares,
Investment firm units acquired

Approx. JPY200mn
Jul.

Merger of two asset
management subsidiaries(Systems integration, relocation,compliance upgrades)

Preparation for REIT
management
Sep.

Approx. JPY5.6bn
equity offer【Partner companies attained】✓Pipeline expansion✓Collaboration, staff interaction✓Building WINーWIN relations

Launch of REIT Management
Nov.

First property︕

Targeting 2023 IPO!
Investment targets

Over JPY13bn【General REIT】✓Geographic
diversification✓Usagediversification✓New assets✓Stable investment【Property
revitalization】✓Better
profitability✓Large-scaleconstruction✓LED installation✓Rebranding

Tokyo area

Retail facilities

Kinki/Chubu area

Office buildings

Hokkaido

Residential
properties

Kyushu +Okinawa

Other real estate

Others, major cities【Wide ranging investment opportunities】
B-Lot Esaka BLD✓Older properties in prime locations
wit internal growth potential✓Condos within 10 minutes walk fromnearest train station✓Facilities along main arterymotorways✓Adaptation to post-COVID era as well

【Variety of acquisition methods】✓Bridge funds✓Warehousing, etc.

B-Lot Co., Ltd. All rights reserved. 16

April 2021 Market Launch!

Expected
returnMinimalinvestment

2.0

10,000~JPY％〜

First property！

Principle

Preferred equity
Customer
Total equity

80％

Subordinated equity

Shin-Osaka Residence
3%, planned to run for 6mth

6

Mth〜

If valuation declines

Limited risk
Preferred equity

80％

Subordinated equity

B-Lot20％
Actual share of equity varies byproduct. Percentages presented
here are for illustrative purposes

Minimalinvestment period

The customer’s principle is notaffected (as long as the amount ofdevaluation is less than B-Lot’s
share of equity)

Risk cushion provided
by B-Lot!
(up to the value of B-Lot’s equity stake)

Reliable properties handpicked by B-Lot
B-Lot Co., Ltd. All rights reserved. 17

Transforming Our Group into the Kind of 100-Year Company
that the Society Needs

3452 TSE, First Section
Life Stage Co.Ltd.,（to be merged and absorbed into
B-Lot.）

B-Lot AssetManagement
Co.Ltd.,Group Reconfiguration: Key Principles

LC Partners Co., Ltd.

・30 years in business・5 years as part of the
B-Lot group
・Condominium sales
agency service
・Approx. 90 employees(Merged in July 2020）

Preparations underway
for upcoming merger

B-Lot Capital Link
Co.Ltd.,Tsuruga Golf Co.Ltd.,

Vient Creation Co.Ltd.,YOKOHAMA SEIEN
Co.Ltd.,T&K Co.Ltd.,※Consolidated subsidiary※Non-consolidated subsidiary/equitymethod affiliate

B-LOT SINGAPORE
PTE. LTD.

T&K International
Co.Ltd.,B-Lot Co., Ltd. All rights reserved. 18

Ⅲ. Earnings Forecasts

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Earnings Forecasts
Ⅳ. Company Profile

P.05-10
P.11-18
P.19-21
P.22-32

･･･FY2020/12･･･

Ⅲ-2. ～Medium-Term Management Plan～ Future Growth Concept
Three-Year Management Plan
Revenue

Ordinary
IncomeNet Profit

FY2020/12

26,481

1,033

344

FY2021/12

217,001,320

870

FY2022/12

245,00

2,240

1,490

FY2023/12

297,00

3,640

2,440

30,000

売上高
Revenue

Earnings Structure Reform(JPY in Millions)

Stable long-term
growth through 2023

(with occasional leveling off stages)■Real Estate Investment and Development Business■Real Estate Consulting Business■Real Estate Management Business

純利益
Net Profit ( JPY in Millions )2,500

25,0002,000

20,0001,500

15,000

19%
16%

50%
64%

22%

1,000

10,000

500

5,000
0

28%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

0

2019
Gross profit breakdown results

2023
Gross profit breakdown targets
B-Lot Co., Ltd. All rights reserved. 20

Ⅲ-3. ～ Medium-Term Management Plan ～ Three-Year Action Plan･･･FY2020/12･･･

2020–2023 Our “Start Up Phase”

Deep Plowing of
Existing Businesses

Delve deep into customer needs
and promote geometric growthof existing businesses

B-LOT REIT IPO

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

Cultivate Future Leaders Add More Corporate
Fortify business professionals
Become a treasure trove of
talented human resources

Partners

Find time to add to our numberof corporate partners underprinciple of mutual prosperity

Steady 20%
Earnings Growth

Aim for 20% yearly annualized
growth in consulting andmanagement

25% or Higher
Equity Ratio

Take measures to build up
capital and lay stable financial
foundation

Self-fulfillment by
each and every
person together with
our organization〜2023
Start Up Phase

Growth phase

Maturity

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

Ⅳ. Company Profile

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Earnings Forecasts
Ⅳ. Company Profile

P.05-10
P.11-18
P.19-21
P.22-32

Company Profile ＝as of December 31, 2020＝
Company Name

B-Lot Company Limited

Head Office

1-11-17, Shimbashi, Minato-ku, Tokyo, 105-0041 Japan

Establishment

October 10, 2008

CapitalJPY 1,056,202,283

President

Makoto Miyauchi

Number of
Employee

57employees (176 as Consolidated)

Listed Date

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

Offices
Subsidiaries･･･FY2020/12･･･

Hokkaido, Nagoya, Osaka , Fukuoka
B-Lot Asset Management Co., Ltd（100％ Subsidiary）
B-Lot Singapore Pte., Ltd.（100％ Subsidiary）
LIFE STAGE CO.,LTD. （100％ Subsidiary）
Viento Creation Co.,Ltd. （100％ Subsidiary）
T&K Co.,Ltd.
B-Lot Capital Link Co.,Ltd （100％ Subsidiary）
B-Lot Co., Ltd. All rights reserved. 23

The three founders･･･FY2020/12･･･

Makoto Miyauchi Representative Director and President （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.

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.

Masahiro Mochizuki Director and Deputy 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.
B-Lot Co., Ltd. All rights reserved. 24

･･･FY2020/12･･･

History

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 expertise and networks.
President Makoto Miyauchi has a strong background in finance, Deputy President Shinichi Hasegawa’s has 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 estate company listed on the TSE 1st Section.
In December 2014, B-Lot listed on the TSE Mothers market with 27 employees, just six years and two months 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. 25

Business Outline･･･FY2020/12･･･

With 3 core businesses, B-Lot build close relationships
with high-net-worth clients

B-Lot Co., Ltd. All rights reserved. 26

･･･FY2020/12･･･

1. Real Estate Investment and Development Business
Acquire properties with profitability and regulatory issues→solve these issues, thereby increasing property value
using specialist
expertise
Acquisition of properties
with issues

Planning
andincreasing value- Raise revenue- Cut down expense- Correct infractions- Improve cap rate

Revitalization

B-Lot sees potential in buildings that are highly costly, have low value or have been used illegally or
maintained poorly. Our investment team will make those buildings shine again with creative planning basedon deep knowledge of and specialized expertise in real estate.

Development

B-Lot catches the latest trends in real estate and implements creative plans in developing products.
Even in a tough market, we develop sites with reasonable prices through our strong and solid networks.
B-Lot Co., Ltd. All rights reserved. 27

･･･FY2020/12･･･

2. Real Estate Consulting Business

Build close and long-term relationships with individuals of high net worth andcorporations, potential buyers in a competitive real estate market
Seller- Individuals of high net worth- Corporations- Real estate funds- Real estate firms- Financial institutions- Debt collect agencies- Lawyers

Brokerage

Buyer
Sellingdemands

Information
regarding sale

Information
regardingpurchase

Purchasedemands- Individuals of high net worth- Corporations- Property owners- Real estate funds- Real estate firms

Consulting

B-Lot offers comprehensive consulting services such as trust beneficiary interest transactions, brokerage of property sales, leasing,proposals for property exchanges and effective utilization of unused land and rent negotiation services.
Our consulting team always carefully listens to clients needs and concerns in order to provide optimal and unique solutions tailored tothem. This enables us to build life-long relationships with our clients.

B-Lot Co., Ltd. All rights reserved. 28

･･･FY2020/12･･･

3. Real Estate Management Business

From property management to structured projects, B-Lot offers
services tailored to each client
Owned properties

Asset management
Real estate securitization
B-Lot arranges and proposes structure for clients who want to set
up an SPC for real estate purchase.

Asset management
B-Lot uses its experience in brokerage and evaluating andmanaging properties, as well as its specialized knowledge in asset
finance and networks, to provide asset management services.

Property management

Leasingmanagement

RetailOffice + Residence

Steady rent income for cash flow

Account
services

Building maintenanceConstruction management

Rent income from our own properties is a core revenue
for the Property Management Business. All rent, including
rent acquired by the Investment Business is booked in theProperty Management Business.

B-Lot Co., Ltd. All rights reserved. 29

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.)(B-Lot Group）★ Investment coordination

From Japan to Singapore:
About 7 hours and 40 minutes

・ 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★ Wide range of operational support

From Singapore to Japan:
About 6 hours and 50 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.

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

President Taro Togawa

Operation（3 to 5 years）
・ Implement asset management

Exit
・ Provide exit strategies (Sale,

strategies

・ Improve the asset value (Rent,
occupancy rate, renovation, etc.)

・ Supervision of property management
and building management companies

・ Portfolio management and cash flowrefinance 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

Golf course design, renovation design,and supervision

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

Plan proposal

Adviser services

Planning

Proposing plans for golf tournaments
and events

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.