Semi-Annual Report
Fiscal Year Ending Dec.31,2023
Sep.08.2023【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･･･Q2 FY 12/23･･･

１．Greetings

P.3

２． Medium-term Management Plan

P.7

３．Financial Highlights

P.13

４．Business Summary

P.18

５．Company Plofile

P.27

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

Greetings･･･Q2 FY 12/23･･･

With continued dramatic change in the wake of COVID as a"tailwind,"
we will increase our earnings and implement strategies tostrengthen our corporate foundations and further propel ourbusiness growth.
We have now entered the post-pandemic era, aka the post-COVID era.
Dramatic change continues to take place all around the world. Major changes in economic and business trends are creating a sense of
unpredictability.
The Japanese real estate market is seeing what could be called "across-the-board price increases," with strong prices for all property types
on the back of an upswing in hotel earnings marking the advent of the post-COVID era.
In this environment, the earnings of the B-Lot Group in the current fiscal year have been extremely buoyant. Despite tough competition, we
have made steady purchases and have also made progress with sales to wealthy customers and nonfinancial corporations. Partly due to therapid recovery in earnings of hotel-type assets, we, as a Group, also truly feel we have entered the post-COVID era.
Against this backdrop, we are implementing and stepping up strategies to further strengthen our corporate foundations and achieve further
business growth.
Specifically, our strategy for further strengthening our corporate foundations, is to increase shareholder returns. Taking the trend of thetimes and fairness into consideration, we will consolidate shareholder returns in dividends and increase the dividend payout ratio with theintention of sharing growth with shareholders more than ever before. We are also securing and developing talented human resources by
expanding investment in human capital through across-the-board pay increases and stronger engagement management, and we are also
seeking to stabilize profitability by increasing long-term stable assets through the transfer of properties from current assets to fixed assets,
focusing on hotel-type assets.
Our strategy for achieving further business growth is to radically step up the development of services and products for
wealthy customers, which is our greatest strength, and to strengthen our expertise and build our brand to the extent
that people equate real estate for wealthy customers with B-Lot.
On October 10, we will celebrate the fifteenth anniversary of our founding. We see this era of tumultuous change as agolden opportunity. While gaining more shareholders, employees, wealthy customers and other internal andexternal partners who share our business view, we intend to demonstrate our unique strengths in terms of creativity,
flexibility, original thinking and teamwork and, as a consequence, achieve long-term stable growth as a company andcontribute to society.
As we pursue these initiatives, we ask for your continued support to the B-Lot Group.

B-Lot Co., Ltd.
CEO Makoto Miyauchi
B-LOT Co., Ltd. All rights reserved. 3

Stock & Shareholders･･･Q2 FY 12/23･･･

Most important management issue ＝Return of profit to shareholders
Increase in consolidated payout ratio

Treasury share acquisition

Give priority to flexibility
and determine each fiscal
year according toperformance

March 2023 resolution
Class of shares to be
repurchased

Common shares of the Company

Total number of shares
to be acquired(Ratio to the total number of shares outstanding

500,000 shares (maximum)(excluding treasury shares): 2.6%)

Total price of sharespurchased

JPY 300,000,000 (maximum)

Period of acquisition

From March 16, 2023 to
September 30, 2023

Total number of shares of treasury shares acquired(as of July 31, 2023)

Consolidated dividend

30%

payout ratio ofor
more from FY12/2023
Note: The dividend forecast is not yet decided.

Total number of shares
to be acquired
Total value of shares tobe acquired
Total acquisition valueof shares
Progress rate

243,300 shares
JPY 146,968,500

48.9%
B-LOT Co., Ltd. All rights reserved. 4

B-Lot's History･･･Q2 FY 12/23･･･

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

2,440

M&A

Viento Creation

Revenue
売上高

Investment

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･･･Q2 FY 12/23･･･

AssetManagement

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

Medium-Term Management PlanThree-Year Management Plan

Action Plan
( JPY in Millions )Ordinary
IncomeFY2021（Actual）

1,501･･･Q2 FY 12/23･･･

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

Aim for 20% yearly annualized
growth in consulting andmanagement.

FY2023

3,640

2,440

25% orHigher Equity Ratio（Predict）（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.

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･･･Q2 FY 12/23･･･[Real Estate Investment and Development Business]
Diversification of Equity Investment Schemes/Revenue
AIP25 Toyosu
Bldg.

2020.2
Investment

2023.52023.2Completion

Start of receipt ofdividends

Large-scale complex with nursing care,healthcare and child care as themes
５～９Ｆ
４Ｆ

Paid nursing homes withnursing care
Medical mall (internal medicine,neurology, etc.)

３Ｆ

Bilingual kindergarten

１～２Ｆ

Food supermarket

Actively participating
in projects of asocial nature

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

Steady 20% Earnings Growth･･･Q2 FY 12/23･･･[Real Estate Management Business] Expansion of Fixed Assets(Rental Real Estate)
Improvement of cash flow as a result of
increase in stable income and depreciation

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

Future

28%
50%

19%
16%

64%

2019

Gross profit breakdown results

22%

2023

Gross profit breakdown targets

Rent from fixed assets is attributed to
the Management Business.

Real estate
for sale
By 2022

Real estate
for saleFixed assets

Fixed assets* Real estate for sale includes real estate in process. The above
image is shown for illustration purposes only.

Planning to expand fixed assets in the future,
focusing on areas where we have bases
B-LOT Co., Ltd. All rights reserved. 10

Steady 20% Earnings Growth･･･Q2 FY 12/23･･･

In FY2023, approximately JPY 4.9 billion(*5 properties) in realestate for sale will be transferred to fixed assets.
* July 2023

* July 2023

* January 2023

HOTEL TORIFITOHAKATAGIONHOTEL TORIFITOKANAZAWA

Joso city Solar panels
Kasama city Solar panels* July 2023

Izumizaki, Naha city
Office building

Bay East（entire condominium
building）

B-LOT Jinbocho Bldg.

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

Cultivate Future Leaders･･･Q2 FY 12/23･･･

Active Investment in Human Capital and Generous Support forHigh Performers
Across-the-board pay increase of
JPY 30,000（from July 2023）

Full-time
employees

10% support ownershipassociation

Number of
employees

132

Femaleemployees

33％

Average age

36.6
years old

Flextime system

Quarterly awards for highperformers

Futuregenerations

Provision of high performer
training
Tokyo Metropolitan area short-distanceallowance and financial assistance withgaining qualifications

Increase in male employees
taking childcare leave

Childcare
supportBabysitter subsidies
Diversification of workstyles
B-LOT Co., Ltd. All rights reserved. 12

Financial Highlights

Summary･･･Q2 FY 12/23･･･

Made good progress, achieving 69.6% of the full-year consolidated
profit budget.
Thanks to the strategic buildup of real estate for sale at the end of
the previous fiscal year, sales went ahead as expected from thestart of the fiscal year, driving earnings.
Carefully selected purchases of real estate for sale (balance of
JPY 33.5 billion), while at the same time capitalizing on broad range
of investment and making a start on a new type of revitalization
project.
Adopted a positive attitude towards transfer of properties to fixed
assets (rental real estate) and new acquisitions.
Aiming for long-term stable growth through expansion of recurring
revenue.
Implemented across-the-board pay increase of JPY 30,000 (fromJuly 2023).
Actively investing in human resources to improve employee
engagement.
B-LOT Co., Ltd. All rights reserved. 14

Performance Highlights･･･Q2 FY 12/23･･･

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

Ordinary Income（JPY in Millions）

15,000（JPY in Millions）

19,911

20,000Net Profit（JPY in Millions）(Undisclosed)

2,400

3,500

14,751

2,440

3,640

2,800

1,800

2,415

1,637

2,100
10,000

1,200

1,501

953

1,400

1,697

2,510

13,681

600

5,000
700

-

-

2021

2022

2023

2021

2022

2023

2021

2022

2023

Note: In this presentation, net profit attributable to shareholders of parent is shown as net profit.
B-LOT Co., Ltd. All rights reserved. 15

Consolidated P&L Summary(JPY in Millions)

2022/6.

2023/6.

YoY change

8,261

13,681

65.6％

5,867

10,734

82.9％

1,174

941

△19.8％

1,218

2,005

64.6％

Gross profit

2,597

4,368

68.2％

SG&A

1,422

1,574

10.7％

Operating income

1,175

2,793

137.8％(1) Real Estate Investment
and Development
business

664

2,113

218.3％(2) Real EstateConsulting business

675

426

△36.9％

355

990

178.9％

△520

△737

41.6％

Ordinary income

935

2,510

168.4％Net profit for the period

602

1,697

181.8％

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

･･･Q2 FY 12/23･･･

Revenue and Operating income
Revenue increased JPY 5,420 million, up 65.6％
year on year.
Operating income rose JPY 1,618 million, up
137.8％ year on year.

SG&A
Increased JPY 152 million.
Started recognizing depreciation on solar
panels.
Provided in-house training to identify anddevelop next-generation leaders.

Net profit for the period
Increased JPY 1,095 million.
Rose 181.8％ year on year.
Progress rate 69.6% .

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

Consolidated P&L Summary･･･Q2 FY 12/23･･･(JPY in Millions)

2022/12.

2023/6.

YoY change

56,00549,859△11.0％

Current assets

51,78144,738△13.6％

Fixed assets

4,210

5,111

21.4％

13

9

△28.7％

43,96136,602△16.7％

Current liabilities

17,01815,909△6.5％

Fixed liabilities

26,943

20,693△23.2％Net assets

12,043

13,257

10.1％

Total liabilities
and net assets

56,00549,859△11.0％

AssetsDeferred assets

Liabilities

AssetsDecreased 6,145 million yen.
Real estate and real estate for sale in process
decreased JPY 5,306 million.
Property, plant and equipment increased JPY
819 million.
Two properties transferred from current assets
to fixed assets (three properties in second half)

Liabilities
Decreased 7,358 million yen
Total interest bearing debt declined 7,147 million
yen.
Seeking to improve the financial balance whilst
maintaining a certain level of cash on hand inorder to flexibly respond to environmental
changes and demand for funds for new
investment.

Net assets
Increased JPY 1,213 million.
Retained earnings rose JPY 1,307 million.
The equity ratio stood at 26.4％ (21.4％ a year ago).
Target equity ratio of more than 25% to establish
a stable financial base.
B-LOT Co., Ltd. All rights reserved. 17

Business Summary

Real Estate Investment Development Business
Revenue and Ordinary Income Trends

Properties for sale example of sale

(JPY in Millions)
売上高
Revenue
営業利益
Operating Profit･･･Q2 FY 12/23･･･

１ Very rare location

Users can make use of four
train lines

10,734

２ Relatively new

2,113Completed in 2013

３ Completely vacant building

5,867

5,253
992

2,915
2,268
664

2019/6191

344

2020/62021/62022/62023/6

Segment profit increased 218.3% year on year
Sales proceeded smoothly from the start of the fiscal
year, especially residential properties.
Received dividends from investment projects.
27 properties were sold. (12 properties a year ago)
22 residential properties, 5 office and retail properties.

Tokyo / Vacant schoolbuilding

Could meet the needs ofdiverse sectors, including ageneral corporation, medical
institution, educational
facility or embassy

Revitalization project of what was initially a schoolbuilding.
Sold to a school corporation wanting to open a newschool.

Seeking to build an extensive product lineup to meet
diverse needs.

B-LOT Co., Ltd. All rights reserved. 19

Real Estate Investment Development Business
Matsunoyu public bath house revitalization project･･･Q2 FY 12/23･･･（operator: AJ INTERBRIDGE INC.）

2020
Old public bath house which opened in 1948 and has
been popular for more than 70 years.
Reluctantly closed due to financial difficulties.

2021

2022

B-LOT acquired the property and revitalization project
began.
Even in Ishikawa Prefecture's long history, this was the"first-ever" attempt to newly acquire a business license foran ordinary public bathhouse and to revitalize a closed.
public bath house
Rebuilt the property with the cooperation of Ishikawa
Prefecture Public Bath House Association and Kanazawa City.
Matsuno-yu began operating on November 26 (Good BathDay).

Location： Nagamachi, Kanazawa city, Ishikawa
１

Ｆ：Public bath

２

Ｆ：Café ＆ Work Lounge

３～６Ｆ：Stores, offices and long-stay accommodation

Revitalized as a multi-purpose facility. open tovisitors from inside and outside the prefecture as a
new regional exchange space
B-LOT Co., Ltd. All rights reserved. 20

Real Estate Investment Development Business
Balance of real estate for sale･･･Q2 FY 12/23･･･

Properties By Type(JPY in Millions)

Development Site

38,866■Site under development■Real estate for sale

33,56026,93029,536

9

13 5

13 1

6

1
1 4

3 1

9

47

61
19,903
14,500
11,392 11,358
6,069
3,403

■ Land■ Retail Residence

6

Developed Office■ Hotel■ Nursing Care Facility■ Other37

26

Dec,2022

June,2023*Bulk deal is calculated as one.(B-Lot Only)

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/6

15 properties acquired (28 properties a year ago)
10 residential properties, 4 office and retail properties,
1 piece of land.

Maintained a good balance of residential, office andretail properties.
Expect to make more aggressive purchases in thesecond half, whilst continuing to make carefully
selected purchases based on uniform investment
criteria.

Ample stock built up at the end of the previous fiscal
year allowed us to sell when the time was rightSales with a profit margin that exceeded the initialplan also increased.

In preparation for changes in the market and weather,
we capitalize on broad scope of investment toexpand business area and increase property types(new uses), aiming for the continued growth of thecompany.
B-LOT Co., Ltd. All rights reserved. 21

Upcoming Properties･･･Q2 FY 12/23･･･

Real estate restoration

Corporate
revitalization

Tokyo / Hiro-o

Sappro / Kita nijuyo jo

Nagoya / Sakurayama

Fukuoka / Akasaka

Development

Hotel

Nagoya / Heian-dori

WISE OWL HOSTELS
KYOTO

Fukuoka / Daimyo

Fukuoka / Akasaka

Tsuruga International
Golf Club

B-LOT Co., Ltd. All rights reserved. 22

Real Estate Consulting Business･･･Q2 FY 12/23･･･

Revenue and Ordinary Income Trends

Number of Contracts Trends
Number of contracts
through brokerage(JPY in Millions)
売上高
Revenue
営業利益
Operating Profit

1,174
40

1,027

■Hokkaido■Kanto■Kansai
600■Kyusyu

941
30

691

675

673

400

529

476

Number of units delivered
through commissioned sale

20

426
200

10

263
0

0
2019/62020/62021/62022/62023/6

Segment profit declined 36.9% year on year.
Brokerage and commissioned sale projects
for which contracts have already concluded
are expected to contribute to earnings in thesecond half and progress is in line with theinitial plan.
Progress will continue being made on eachproject in the second half, against a
backdrop of continued high liquidity in thereal estate market.
Planning to steadily achieve budget.

2022/62023/62022/62023/6

The number of contracts throughbrokerage was 40 (32 in the previous year).
Kanto19、Hokkaido7、Kyusyu2、Kansai12
The number of units delivered throughcommissioned sales decreased 26.7％ year
on year.
Delivery on a number of large projects
took place in the same period of theprevious year.
The expected number of deliveries in thecurrent period is in line with the initial plan.
B-LOT Co., Ltd. All rights reserved. 23

Real Estate Management Business
Brokerage
Case
exampleExpansion of repeat transactions･･･Q2 FY 12/23･･･

Commissioned sales

Wealthy customers entrusting B-LOT
with PM of 7 properties
Consultation regarding
purchase of leasehold rightOwners of land with leasehold interest/
adjacent land

Total consulting service spanning
brokerage, demolition, reconstruction
and looking for tenants

Laurel Court
Ichinomiya-honmashi▲Total units:52
All units sold in March 2023!

Meitsu Higashiayase▲ Total units: 79
All units sold in July 2023!

More than 50% of all the transactions
we are asked to undertake by wealthy
customers are repeat transactions.

In recognition of our sales strength, large
developers commissioned us alone to sell
the units for sale and we sold all the units!

Our strength lies in boutique-styleservices for wealthy customers.
We leverage our excellent expertise andplanning capability to support asset
management for increasingly diverse
wealthy customers.

By stepping up the recruitment anddevelopment of young talent, we haveincreased the earnings of the consulting
business to such an extent that it can now
be described as a new pillar of earnings.
B-LOT Co., Ltd. All rights reserved. 24

Real Estate Management Business
Revenue and Ordinary Income Trends･･･Q2 FY 12/23･･･

PM consignment building trends(JPY in Millions)
売上高
Revenue150

営業利益 Profit
Operating

2,005
120

147

■Kanto■Hokkaido■Kyusyu■Kansai■Chubu

116

1,014

894

36

320

285

30

355

0
2019/6

59

60

466

2020/62021/62022/62023/6

Segment profit increased 178.9% year on year.
Business profit grew successfully. The Groupaims to achieve an annualized growth rate of
20% every year.
Surge in demand for hotel-type assets andincreased rental income due to completion of
two development projects contributed tosignificant increases in sales and profit.

21

82

90

1,218

28

101

990

1,430

120

40
9

48
10

8
23

68

21
42

21
15

14

33

33

54

57

2021

2022 2023/6

30
27

23

9
12

14

20

28

42

17

26

35

15

2014

2015

2016

2017

2018

2019

2020

18

68

The number of buildings was 147 (120 in theprevious year).
The number increased by 27 from the same
period in the previous fiscal year.
The earnings base expanded steadily due to theincrease in the number of buildings managed.
Owner satisfaction increased due to anincrease in asset value.
Repeat transactions and referrals increased.
B-LOT Co., Ltd. All rights reserved. 25

Real Estate Consulting BusinessDirect management (hotel operations)３-foldincrease insales YoY･･･Q2 FY 12/23･･･
Property management(contracted by external owner)
beforeProvided realestate revitalization
knowhow andincreased
occupancy!
after

Fukuoka/nine hours Nakasu-Kawabata station
Yokohama / Kikuna

Directly managed capsule hotel is performing
well!
ADR* reached record high of JPY 12,824pernight. *ADR = Average daily rate

Contracted to provide PM services forcompletely vacant hostel by a repeat customer
in March 2022. Carried out renovation work
according to our own plan.

Aiming to ensure stable occupancy bydomestic and overseas guests throughexposure via OTAs*, a business support
plan, etc.

110 rooms out of 112 occupied in March 2023
（occupancy rate over 98％）
Common areas are also available for rent on
Instabase** OTA＝Online travel agency* Instabase＝rental space matching platform
Make a reservation on Instabase here ⇒B-LOT Co., Ltd. All rights reserved. 26Company Profile

Company Profile
Company Name＝as of June 30, 2023＝

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

132 employees (182 as Consolidated)

Listed Date

December 11, 2014 （TSE Mothers Market : 3452)
February 02, 2018 （TSE PRIME Market : 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･･･Q2 FY 12/23･･･

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. 29

History･･･Q2 FY 12/23･･･

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.
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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 Japan to Singapore:
About 7 hours and 40 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 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.

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.