Semi-Annual Report
Fiscal Year Ending Dec. 31, 2020

【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.

3452 TSE, First Section

Aug.14,2020

Greeting･･･Q2 FY12/20･･･

Ｗe would like to express our sincere condolences to the families of
those who have passed away due to the COVID-19.
In addition, we would like to extend our sympathies to the patientscurrently undergoing treatment, as well as their families, and sincerely
thank all the medical workers who treat and care for those sufferingfrom the COVID-19 around the world.
We join the rest of the world in hoping for an early end to thecoronavirus infection, as well as for a quick restoration ofsocioeconomic activity.
we will continue working together to promote community andsocial contribution activities.
All members of B-lot Co., Ltd.
B-Lot Co., Ltd. All rights reserved. 2

Ⅰ. Performance Review

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Company Profile

P.03-09
P.10-19
P.20-31

Ⅰ-１. Summary･･･Q2 FY12/20･･･

Progress toward our full-year target for consolidated net
income budget.
Planning to sell large projects in the second half.
Reached a record high of JPY 37.7bn in the total balance ofproperties for sale.
Proactively purchase profitable property to secure rent income.
Offsetting the impact of COVID-19 through our core business.
Aiming to meet our full-year earnings forecast.
Acquisition of the company with Investment Management Business,
Entrustment-Based Agency Services for Transactions, andauthorization.
Expecting to start operation of REIT, that is to increase stable
income and secure potential buyers.
B-Lot Co., Ltd. All rights reserved. 4

･･･Q2 FY12/20･･･

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

Investment
development

Consulting

Increase in number of projects introduced

Acquisition of 21 rental income properties

Property saleFewer transactions involving large-scale hotel; small
and medium-sized hotels unaffectedSold eight

Development
project

Change in business plan

Brokerage

Eight contracts closed. Market fluctuation
producing opportunities

Consignmentsales

No transaction from overseas investors due torestrictions on movement

Model room closed for about two months



Visitor numbers trending toward recovery,
impact expected to be minor

HousingEssentially unaffectedSteadily accumulating of income fromoutsourced business and rents

Stores/office

Some negotiations, application of security depositsImpact minor, despite concerns about
cancellations

LodgingfacilityIncome down due to closureConsidering withdrawal fromcommission-only deals

Golf coursesCommission income down due to closureUse of system refinancing, number ofvisitors rebounding

FinancingPublic offering cancelled

B-Lot group took out JPY4.1bn inlong-term loans

Successful M&A under more profitable
circumstancesOn track for REIT launch

Delay in crowdfunding business procedures

Prioritizing investment in management
resources

Management(companywide)

1H results, current status

Propertyacquisition

Rent income

Management

ImpactStart-ups

Changed use of accommodation facilities,
postponed development of nursing carefacilities〜 Responding quickly to changes, thanks for all the supporting〜
B-Lot Co., Ltd. All rights reserved. 5

Ⅰ-3. Strategic Preparedness and Response Plan for Coronavirus･･･Q2 FY12/20･･･

Secure adequate cash and reduce fixed costs
We secured JPY4.1bn in long-term working capital for the first half of the year.
We continue to prepare finances for future risks and opportunities and reduce fixed
costs across the group.

Focus on enhancing value and refurbishment projects
Our group will continue to focus on the key areas of expertise: enhancing
value and refurbishment projects.
We will prioritize the purchase of profitable properties that generate rental
income.

Expanding stable income
We aim to expand stable sources of income and reinforce the management
base.
To do so, we will leverage the asset management subsidiary and REIT
incorporation we acquired.
B-Lot Co., Ltd. All rights reserved. 6

･･･Q2 FY12/20･･･

Ⅰ-4. Medium-Term Outlook◆Medium-Term Targets (FY2020/12)

Performance(JPY in Millions)

Forecast Period

FY2019/12

YoY change(%)

FY2020/12

25,13030,00019.4

Consolidated Operating Profit

3,985

4,979

24.9

Consolidated Ordinary Income

3,525

4,186

18.7

Consolidated Net Profit

2,428

2,843

17.1

Consolidated Revenue

Net profits have surpassed initial forecasts for the 5 consecutive years since IPO.
Revenue
30,000Ordinary Income(JPY in Millions)

30,000Intial Forecast
Actual5,000

25,1303,000

Intial Forecast
Actual

4,186
3,525

4,000

25,00020,267

11,626

13,097

1,000
4,603

1,000

874
(175)

0

5,000

2016/122017/122018/122019/122020/12

1,250
588

500

(186)

0

(1,000)

0

2,428

2,500

1,500

2,000

10,0002,843

Intial Forecast
Actual1,960

1,998
15,000(JPY in Millions)

2,000

2,832

3,000

20,000Net Profit(JPY in Millions)(500)
2016/12 2017/12 2018/12 2019/12 2020/12

2016/12 2017/12 2018/12 2019/12 2020/12
B-Lot Co., Ltd. All rights reserved. 7

･･･Q2 FY12/20･･･

Ⅰ-5. Performance Highlights

Net profit and other KPI shows a sound growth
Revenue

4,603

JPY in Millions

UP

62.4％YOY

Ordinary
income

UP

△175

-

JPY in Millions(JPY in Millions)(JPY in Millions)

Net profit

△186

UP

-

JPY in Million(JPY in Millions)

2,843
30,000■FY2019 Forecast■2Q FY2020 Actual results

30,000

4,500
4,000

■FY2019 Forecast■2Q FY2020 Actual results

25,1303,000

20,26720,0003,000■FY2019 Forecast■2Q FY2020 Actual results

2,500

3,525

3,500

25,000

4,186

2,000

2,832

2,500

2,428
1,960

1,500

2,000

15,000

1,000

1,500
10,000

1,000

500

500
5,000

-

4,603
-

-

(175)

(500)
2018/122019/122020/122018/122019/122020/12

(186)
(500)
2018/122019/122020/12

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

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

･･･Q2 FY12/20･･･

Ⅰ-6. Consolidated PL / BS Summary

Consolidated P&L Summary(JPY in Millions)

2019/6.
Revenue

2020/6.
4,603△37.6%

5,253

2,915

△44.5%

691

673

△2.6%

1,430

1,014

△29.1%

Gross profit

2,794

1,738

△37.8%

SG&A

1,408

1,519

7.9%

Operating income

1,386

218

△84.2%

992

191△80.7%

476

263△44.7%

466

320△31.3%

△550

△557

1.3%

Ordinary income

1,211

△175

−

Net profit for the period

854

△186

−

(1) Real Estate Investment
and Development business(2) Real EstateConsulting business(3) Real EstateManagement business
Other (company-wide
expenses)(JPY in Millions)

2019/12.

2020/6.

33,555

51,165

52.5%

Current assets

29,881

46,98857.2%

Fixed assets

3,650

4,149

13.7%

23

27

17.2%

25,401

43,69072.0%

Current liabilities

11,093

13,838

24.7%

Fixed liabilities

14,30829,851108.6%Net assets

8,154

7,475

△8.3%

Total liabilities
and net assets

33,555

51,16552.5%

YoY change

7,375(1) Real Estate Investment
and Development business(2) Real EstateConsulting business(3) Real EstateManagement business

Consolidated BS Summary

AssetsDeferred assets

Liabilities

YoY change

The above revenue does not include internal transactions between segments.

Consolidated balance sheet, including figures for LC Partners Co., Ltd.
(now B-lot Asset Management Co., Ltd.)

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

Ⅱ. Business Summary

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Company Profile

P.03-09
P.10-19
P.20-31

･･･Q2 FY12/20･･･

Ⅱ-１. Real Estate Investment Development Business

Proactively purchase housing and offices,boosting the ratio to above 50%！

Business profit was JPY 191M(-80.7% YoY)

By Type(JPY in Millions)

2019/6.

2020/6.

5,253

Revenue
Operatingprofit

992

2,915
191

36,00032,000

5

YoY change△44.5%

5△80.7%

1 11
3
28 5

8

Land to be developed
土地
Office, Store
事務所・店舗Residence
住宅系
Hotel
ホテル・宿泊関連
介護施設
Nursing care facility
太陽光
Storage

3 2 11
3
3

42

12 2

16

7

Development Site1

2019/12.

The outstanding balance ofreal estate for sale is record high40,000

1 2

2020/6.

※ Breakdown of inventory for B-lot as of August 14 (bulk deals calculated as one)

Sales of rental income investment
property are holding steady !

37,732

仕掛販売用不動産
Site under development
販売用不動産Real estate for sale

(JPY
（単位：百万円）
in Millions)

28,00024,000Kanagawa

19,90320,000

11,392 11,358

12,000

6,069

8,000
4,000

Affluent market

14,50016,0003,403

02014/12 2015/12 2016/12 2017/12 2018/12. 2019/12 2020/6

東京

Tokyo

Fukuoka

Stableasset management
B-Lot Co., Ltd. All rights reserved. 11

Branch office is established in NAGOYA!
Four projects underway!
Total
population

House
holds

Birthrate

th

th

th

〜 Aichi in Japan〜

Arako / Residence

OfficeEmployees

Incomeththth

Source: Aichi Prefecture “数字でわかる！あいちの姿（Understanding the numbers of Aichi )"Linear Chuo Shinkansen
to open in 2027!

Irinaka / Residence

Birth of Super Mega-Region
Becoming a huge economic metropolitan area
Mobile population

M ppl
Sakurayama / Residence

Concentration of urban functions,
good liveable

Passing on an attractive city to the next generation

Amagasaka / Residence

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

Upcoming Properties【Tokyo】Ebisu【Tokyo】Gakugei-daigaku【Tokyo】Hiro-o【Tokyo】Ginza【Tokyo】Ogikubo【Kanagagawa】Kamakura【Hokkaido】Sapporo【Osaka】Kozu
B-Lot Co., Ltd. All rights reserved. 13

Ⅱ-2. Real Estate Consulting BusinessBusiness profit was JPY 263M(-44.7% YoY)
(JPY in Millions)

2019/6.

2020/6.

YoY change

Revenue

691

673

△2.6%

Operatingprofit476

263△44.7%

Percentage of Brokerage/Consulting by area
関東圏
Kanto
北海道圏
Hokkaido･･･Q2 FY12/20･･･
Collaboration with 7 major companies,
Handling sales of large, new-build condominiums

PROUD CITY
HIYOSHI

Along the Toyoko line

Housing/commerce/
health/learning
One of the largest housing
complex projects

BRANZ TOWERTOYOSU

九州圏
Kyusyu37.5%
50.0%
4 minutes walk fromToyosu Station

12.5%

A tower condo where
people have always
wanted to live

*The above figures are in B-Lot (non-consolidated).
B-Lot Co., Ltd. All rights reserved. 14

･･･Q2 FY12/20･･･

Ⅱ-3. Real Estate Management BusinessBusiness profit was JPY 320M(-31.3% YoY)
(JPY in Millions)

2019/6.

2020/6.

Revenue

1,430

1,014

△29.1%

Operatingprofit466

320△31.3%

YoY change

1,800

総賃貸可能面積(㎡:右軸)
Total leasable floorarea(㎡)
総テナント数
Total no. of(件:左軸)
tenants

May

Acquisition of investment
management company/REIT incorporation

July

Have investment advisory
capabilities, merged withsubsidiary

Expansion of asset management business１． 75% increase in assets under management

Increase in number of repeat orders fromexisting customers
2,000

More stable income due to acquisition ofasset management company

２． More asset types increased

140,000
120,000

1,600
1,400

100,000

1,200

80,0001,000
800

60,000600

40,000400
20,000200
015/1 15/6 15/12 16/6 16/12 17/6 17/12 18/6 18/12 19/6 19/12 20/60Commercial facility（ Hokkaido ）Commercial facility（ Aichi ）３． Expansion of customer segment from overseas todomestic investors

４． Preparing to launch the REIT project. increase stable
income and securing potential buyers

B-Lot Co., Ltd. All rights reserved. 15

Close up!
～ Strategy for increasing stable profits ～EpochOver JPY10bn highest on record, acquisition of excellent
property from REIT long-term holding！

Making!

Basic information

Record acquisition
price

JPY10bn
Good location

connected to
StationLocation

Toyotsu Town, Suita City, Osaka

AccessMidosuji Subway Line [ Esaka Station ]Directly connected

Type

Office/Store

Building
Completion

March 1975

Building structure

SRC twenty-story building with twostories undergroundTotal floor area

33,316.53㎡

Land
Site area

Leveraging B-Lot’s strengths

StableProfitable
Acquisition route

REIT

Major firm
Institution＞＞
Investor

3,929.31㎡

１High proportion of tenants moved in after
global financial crisis

strong lease-upgrade
potential

Over 33,000 sqm, common space available

２ Realize potential value

Osaka branch established in 2019, utilize
the network

３ Review maintenancecosts to boost earnings
B-Lot Co., Ltd. All rights reserved. 17

【REIT】 Launching within the year
Investment
Strategy＜ Major investment target ＞
・ Diversified investment utilizedGroup relationships throughout Japan

Sustainablebusiness baseHigh convenience
Diverse needs

Indispensable fordaily life

Office Building

Commercial
Facilities

Residential

Long-term stable
Own and manage assets with highsocial significance

GrowthStrategy＜ Strategic point ＞
・Flexible and proactive investment
・Demonstrate the collective strength of thegroup

Maximize value

REIT-Grade Value Up

 Introducing next-generation
operating model; achievedifferentiation/branding
through operating efficiency

 Optimize the group‘s experience,
knowledge, and expertise toimprove properties that are
acquired

Focus on rural
revitalization

Achieve stable growth Stay one step ahead of market
forecasts through diversified
perspective, pioneering realestate market to meet futureneeds Increase property acquisition
opportunities by utilizing theGroup's network to acquire
property in an ongoing manner2023 List as a public company

year

2025 Target investment assets of JPY100bn

year

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

Revenue and Profit Trends
2020.530,000Acquired LC Partners and Medical
Asset Investment Corporation(JPY in Millions)

Revenue
売上高
当期純利益
Profit for the period2020.7Merged B-lot Asset Managementand LC Partners

20,2672019.5 Acquired 50% stake

25,130

2,843

2,428

YOKOHAMA SEIEN
2018.2
2011.4 Established

Hokkaido
Branch2014.122008.10 Established

B-Lot

TSE Mothers IPO
2015.2 Established

B-Lot AM
2013.9 EstablishedFukuoka Branch2015.5 Established

13,097

TSE 1st Section

11,6262018.4 M&A
2016.4 M&A

T&K Group

Life Stage

2018.4 Established2016.7 Established

B-Lot CL

Osaka
2017.1 M&A

Viento Creation

1,960

1,250

6,950

3,709
588
400

B-Lot SGEarnings
Forecast176

2009/02. 2000/02. 2000/02. 2002/02. 2003/02. 2004/02. 2005/02. 2006/02. 2007/02. 2008/02. 2009/02. 2020/02.

B-Lot Channel, Now Streaming!
Epoch

B-Lot

MOVIE

「B-Lot Channel」「History of B-Lot」

YouTubeSearchⅢ. Company Profile

Ⅰ. Performance Review
Ⅱ. Business Summary
Ⅲ. Company Profile

P.03-09
P.10-19
P.20-31Company Profile ＝as of June 30, 2020＝
Company Name

B-Lot Company Limited

Head Office

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

Establishment

October 10, 2008

CapitalJPY 1,034,220,533

President

Makoto Miyauchi

Number of
Employee

72employees (180 as Consolidated)

Listed Date

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

Offices
Subsidiaries･･･Q2 FY12/20･･･

Hokkaido, Nagoya, Osaka , Fukuoka
B-Lot Asset Management Co., Ltd（100％ Subsidiary）
LC Partners Co., Ltd（100％ Subsidiary）*7/1 Merged with Blot Asset Management Co., Ltd.

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. 21

The three founders･･･Q2 FY12/20･･･

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. 22

･･･Q2 FY12/20･･･

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. 23

Business Outline･･･Q2 FY12/20･･･

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

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

1. Real Estate Investment and Development Business･･･Q2 FY12/20･･･

Acquire properties with profitability ano 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. 25

･･･Q2 FY12/20･･･

2. Real Estate Consulting Business

Builo close ano long-term relationships with inoiviouals of high net worth ano
corporations, 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. 26

･･･Q2 FY12/20･･･

3. Real Estate Management Business

From property management to structureo projects, B-Lot offers
services tailoreo 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

Steaoy 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. 27

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

LIFE STAGE CO., LTD.
LIFE STAGE provides real estate brokerage services, leveraging its
core expertise in product planning and sales planning. The goal is toserve as a “bridge” between developers and customers.
The company sells newly-built condominiums for residential use (mainly targeting families) built by major realestate developers.
The company’s strength is its unique business model of reflecting customers’ voices into product and sales
planning.

— Business Model ―(1)

President Katsunori Yori

(2)
Marketresearch

Proposal of
product planand sales plan

(3)
Brokerage
agreement

(4)
Sales
activities

Brokerage
services(5)
Conclusion ofcontract anddelivery(6)

Submission ofsales results
reportNext project(1) The company receives a request from the developer to
conduct market research of a scheduled development site.

(4) The company helps sell condominiums while also providing
services to meet the relocation needs of customers.

(2) The company analyzes various data points, prepares asales plan, and submits a proposal to the developer.

(5) After completion of sales, the company reports the sales results
to the developer.

(3) The company assigns an employee to be stationed at thecondominium showroom and conduct sales activities.

(6) By showcasing its high contract rate, the company acquires thenext broker deal.

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.