Annual Report
Fiscal Year Ending Dec.31,2021【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）
Mar.7,2022

～ Listed on the Prime Market. Aiming to Become aGroup That Lasts 100 Years～

We would like to express our heartfelt gratitude to our stakeholders for their support.
Since its foundation, the B-lot Group has created businesses that provide value to society in the real estate industry and in the realestate finance industry. As a corporate group that is relied on in society, the Group has been pursuing profits and aiming to achievesustainable growth.
The Tokyo Stock Exchange's market divisions will change in April 2022. B-lot Co., Ltd. has chosen to be listed on the Prime Market
to achieve a higher level of governance and enhance corporate value over the medium to long terms. Ultimately, we seek to realize ourvision which the Company has pursuing since its founding, and to make B-lot Group a corporate group that will last 100 years.
In the fiscal year under review, the first year of the three-year medium-term management plan announced in November 2020, theGroup sought to change its earnings structure and achieved its profit plan amid the COVID-19 pandemic. The Group also strengthened
its financial base through a public offering.
The Group will accelerate human resource development and recruitment and actively develop a variety of businesses.
The B-lot Group will work as one to contribute to communities and society, hoping for the end of the COVID-19 pandemic as soon as
possible and the recovery of social and economic activities.
As we pursue these initiatives, we ask for your continued guidance and encouragement.
B-Lot Co., Ltd.
President Makoto Miyauchi
B-Lot Co., Ltd. All rights reserved. 2

Increase in the Number of Shareholders
Reached ten fifty moreshareholders than at the time of
our initial public offering

number ofshareholders

FY12/2021
Total yield onpurchase of 100
shares

24,7934.73%*314,936

3,878
1,647

487

1,629

*1: Year-end dividend = adjusted for stock split in January 2018
*2: Dividends = To be discussed at the Ordinary Shareholders
Meeting scheduled for March 2022
*3: Total Yield =(Amount equivalent to shareholder benefits + Annual
dividend)/(Closing price on December 30, 2021 x 100 shares)

4,745

1,769

2014年
2014 2015年
2015 2016年
2016 2017年
2017 2018年
2018 2019年
2019 2020年
2020 2021年
2021

Shareholder Benefits

Shareholder Benefits

30 yen25 yenYear-end
dividend
Per share*1

Dividend payout
ratio

15 yen9.8 yen12 %201720 % 20 % 69 %
2018

2019

2020

15

yen *2

28

%

2021

Record Date

December 31, 2021

Shares held

100 shares (one unit) or more

QUO card

1,000 yen
B-Lot Co., Ltd. All rights reserved. 3

Ⅰ. Earnings Forecasts

Ⅰ.
Ⅱ.
Ⅲ.
Ⅳ.

Earnings Forecasts
Performance Review
Business Summary
Company Profile

P.04-07
P.08-12
P.13-22
P.23-35

Medium-term management plan
and a 100-year initiativeⅠ-1. ～Medium-Term Management Plan～ Future Growth Concept◆A breakdown of earnings◆Three-Year Management Plan
( JPY in Millions )Ordinary
IncomeFY2021（Actual）

FY2022（Predict）

Net Profit

2019

Gross profit breakdown results

1,501

953

2,240

1,490

2021

20%
19%
16%

■Real Estate Investment andDevelopment Business■Real Estate Consulting Business■Real Estate Management Business

Gross profit breakdown results

64%
23%

FY2023

3,640（Plan）

45%

2,440
32%

3,000
2,500

当期純利益
Net Profit
経常利益
Ordinary Income( JPY in Millions )

4,000
3,500
3,000

2,000

Transforming
the earnings
structure2023

Gross profit breakdown targets

2,500

1,500

2,000
1,500

1,000

28%
50%

1,000
500

500

0

22%

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
B-Lot Co., Ltd. All rights reserved. 5

Medium-term management plan
and a 100-year initiativeⅠ-2. Image of the Growth of the Group
Diversify revenue sources andcultivate human resources. Become acompany that benefits society

Luxuryfacilities
Indoorcemetery

Lease
Financial

Corporate
revitalizationITRealestateConsulting
for thewealthy

Healthcare

REIT

Human
resources

Small-lotreal estate
product

SportsHotel
B-Lot Co., Ltd. All rights reserved. 6

Medium-term management plan
and a 100-year initiativeⅠ-3. Three-Year Action Plan
2020–2023 Our “Start Up Phase”
B-LOT REIT IPO

Deep Plowing of
Existing Businesses

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

Delve deep into customer needs
and promote geometric growthof existing businesses

A company where individual
characteristics are utilized andways of working can be chosen

Cultivate Future
Leaders

Steady 20% Earnings
GrowthAim for 20% yearly annualized
growth in consulting andmanagement

Fortify business professionals
Become a treasure trove of
talented human resources

25% or Higher
Equity Ratio

Add More Corporate
Partners

Take measures to build up
capital and lay stable financial
foundation

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

Start Up Phase

Growth phase

Self-fulfillment by
each and every
person together with
our organization

Maturity
B-Lot Co., Ltd. All rights reserved. 7

Ⅱ. Performance Review

Ⅰ.
Ⅱ.
Ⅲ.
Ⅳ.

Earnings Forecasts
Performance Review
Business Summary
Company Profile

P.04-07
P.08-12
P.13-22
P.23-35

Ⅱ-1. Summary
Initial fiscal year of the three-year medium-term management plan.
Net profit rose 176.6% year on year.
Full-year consolidated net profit exceeded JPY950 million.
The initial target achieved.

Good progress made in recruitment and earnings structure reform.
Consulting Business profit up 27.5% year on year.
The balance of real estate for sale was JPY 29.5 billion, reflecting
carefully selected purchases.
Properties for residential purposes increased in response to strong
demand from investors.
Capital increased by procuring over JPY 1.8 billion in public offering.
Chose the Prime Market, aiming to become a company that will growsustainably and last 100 years.
B-Lot Co., Ltd. All rights reserved. 9

Ⅱ-2. Performance Highlights

Net profit reached the target in the medium-term management plan.
Revenue

14,751

JPY in Millions(JPY in Millions)

30,00025,00025,130DOWN▲44.3％YOY
・No hotels sold・The percentage of fee
revenue increased
26,481

Ordinary
Income1,501

JPY in Millions

Net Profit
UP
45.3％YOY(JPY in Millions)176.6％YOY

2,500

2,428

3,525
2,000

3,000
20,000UP

JPY in Millions(JPY in Millions)

4,000
3,500

953

2,500

14,751

15,000

1,500
2,000

1,501

1,500

10,000

953

1,000

1,033
1,000
500

5,000

344

500

-

2019
2019年

2020
2020年

2021
2021年

2019
2019年

2020
2020年

2021
2021年

2019
2019年

2020
2020年

2021
2021年

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

B-Lot Co., Ltd. All rights reserved. 10

Ⅱ-4. Consolidated PL / BS Summary
Income rose in Investment and Development
Business and Consulting Business.
Consolidated P&L Summary
2020/12.

(JPY in Millions)

2021/12.

Equity ratio rose through a public offering.
Consolidated BS Summary

YoY change

2020/12.

(JPY in Millions)

2021/12.

（単位：百万円）

Revenue

26,481

14,751△44.3%

22,668

11,093△51.1%

1,257

1,571

24.9%

2,555

2,087

△18.3%

Gross profit

4,734

4,821

1.9%

SG&A

3,014

2,791

△7.4%

Operating income

1,719

2,030

18.0%

1,465

1,864

27.2%

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

455

580

27.5%

916

573

△37.4%△1,117△988△11.5%

Ordinary income

1,033

1,501

45.3％

Net profit for the period

344

953

176.6％※The above revenue does not include internal transactions between segments.

YoY change（単位：百万円）

Assets45,961

48,753

6.1%

Current assets

41,47644,342

6.9%

Fixed assets

4,451

4,388

△1.4%

34

23

△31.9%

37,92338,1200.5%

Current liabilities

13,866

17,79828.4%

Fixed liabilities

24,056

20,321△15.5%Net assets

8,038

10,632

32.3%

Total liabilities
and net assets

45,961

48,753

6.1%

Deferred assets

Liabilities

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

Ⅱ-4. Data (Reference Material)
ROE・ROAEPS & BPS
700
600

１株当たり純資産額（円）
BPS(JPY in Millions)

510.41499.80

36.6
34.4

10.0

9.0

30.0

8.4
25.0

378.41

400

25.3

23.5

22.4

8.0

7.0

20.0

300

6.0

260.28200

156.635.3
15.0

183.45125.82

74.44
20.29

152.97

28.15

37.64

21.60

53.65

24.6

20.0

8,141

18.6

5,974
17.0

Noi Ratio(%)
営業利益率（％）

4,008
2,818

977

0

10.2
15.0

10.1

10.0

14.0

14.0

10.2
6.5

9.4
10.0

8.0
5.0

5.0
0.0

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12

15.9
13.8

15.3

11.5

20.0
17.5

16.3

Profit Ratio(%)

15.0

8,025

18.1

経常利益率（％）
Ordinary

25.0

21.7

2,430

0.0

10,583

24.3

21.0

4,000

2.0

2.0
4.3
0.9
2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12

30.0

24.3

6,000

10.2

Profit Ratio

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

8,000

4.0

0.0

Capital to Asset Ratio

10,0004.4

5.0

2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12

12,000

4.5

10.0

81.38

0

2,000

12.0

39.3

35.0

542.58500

100

ROE(%)
ROE（％）ROA（％）
ROA(%)

40.0

１株当たり当期純利益金額（円）
EPS(JPY in Millions)

7.5
3.9

0.0
2014/12 2015/12 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12
B-Lot Co., Ltd. All rights reserved. 12

Ⅲ. Business Summary

Ⅰ.
Ⅱ.
Ⅲ.
Ⅳ.

Earnings Forecasts
Performance Review
Business Summary
Company Profile

P.04-07
P.08-12
P.13-22
P.23-35

Ⅲ-1. Real Estate Investment Development BusinessBusiness profit was JPY1,864M(+27.2%YoY).
( JPY in Millions )Revenue
売上高
営業…
Operating Profit

By Type

21,185 22,668

10,980 3,039
2,316

11,093

839

7

1,864

6,137
3,236

2021/12.

2020/12.

17,208

3,896
9,977

Strong needs for properties forresidential purposes

Properties By Type*

1,465

1

1 2 11 3 7
33

9

2

5

Developed Office

6
3

41

2

Retail Residence■ Hotel3■ Nursing Care Facility■ OtherDevelopment Site

11

989

3 1

■ Land to be

19

464
2014
2014年

2015
2015年

2016
2016年

2017
2017年

2018
2018年

2019
2019年

2020
2020年

2021
2021年

Balance to JPY29.5 billion, mainly residential( JPY in Millions )■Site under development■Real estate for sale

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

Sales

Residential properties = Stable assets
Strong investment demand
Revitalization

Development

Tokyo / Gakugei-daigaku

Tokyo / Sendagi

29,536
26,93019,903

14,50011,358
11,392
3,403

6,069

2014 2015年
2015 2016年
2016 2017年
2017 2018年
2018 2019年
2019 2020年
2020 2021年
2021
2014年

Strengthening planningability for revitalizationand development

High marks earned for building
quality and management
resulted in a successful sale
B-Lot Co., Ltd. All rights reserved. 14

Upcoming Properties
Revitalization

Revitalization

Residence

Tokyo / Nishi-magome

Tokyo / Sumiyoshi

Tokyo / Hatanodai

グランド
パーク

Tokyo / Musashikoyama

Development

Fukuoka / Hirao

New projects

Residence

Office Bldg.

Office Bldg.

Nagoya / Heian-dori

Fukuoka / Hakata

Fukuoka / Akasaka

Nagoya /Aratama-bashi

Nagoya / Honjin

Osaka / Esaka

Office Bldg.

Sapporo / Nakajimakoen

Sapporo / Naebo

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

Ⅲ-2. Real Estate Consulting BusinessBusiness profit was JPY580M(+27.5%YoY)( JPY in Millions )売上高
Revenue
営業利益 Profit
Operating

1,571
1,249

1,277
1,037

Brokerage

Increased number of projects dedicated tosynergies between businesses

Case1

1,257

577

Add More
Corporate
Partners

580
455

767
408
345
282
197

Investment in the
B-Lot REIT

171

78

57

2014
2014年

2015
2015年

2016
2016年

2017
2017年

2018
2018年

2019
2019年

2020
2020年

7%

■Hokkaido■Tohoku■Kanto■Chubu■Kansai■Kyusyu

7%
35%
36%

28
19

51%

2019 2020年
2020 2021年
2021
2019年

2021/12.

Number of completed cases

Revenue

Special contracts
for asset
replacement

2021
2021年

Breakdown of brokerage by area

60

Strengthening trust
relationships withpartners

Case2
Revitalization as land in
Investment andDevelopment BusinessPrioritized the sale oflands to companies
with a good
performance

Deep Plowingof Existing
Businesses

Steady 20%
Earnings
GrowthNew condominium
development at
those companies

Appointed to sellunits in thecompletedproperty▶Win other projects, taking advantage of synergies
with other divisions of the Company and partners▶Increase fans of B-lot and profit opportunities
B-Lot Co., Ltd. All rights reserved. 16

Medium- to Long-Term Strategies: M&A for New Human Resources
Cultivate Future
Leaders

2016

M&A

Deep Plowingof Existing
Businesses

2021

Fusion of corporate
cultures

About 100
peopleStable contract
sales business

Management
rationalization

Make new
M&A

Inviting people sharing
philosophy to become
１．Consolidation
１．Sharing philosophy(merger)
２．Personnel exchange
officers at Group
２．Recruitment
３．Making decisions
companies through M&A
３．IT investment
speedilyand at joint ventures !
【Creating cooperation】 【Selling more than 1,000 units annually 】

Network ofmajor
developers
Management
expertiseaccumulated for
25 years since thefoundation

The Parkhouse Tokorozawa
B-Lot Co., Ltd. All rights reserved. 17

Ⅲ-3. Real Estate Management BusinessBusiness profit was JPY573M(-37.4%YoY).
( JPY in Millions )売上高
Revenue
営業利益 Profit
Operating

2,695

642
188
45

275

2013
2013年

2014
2014年

2,000

838

458

443

B-LOT ESAKA Bldg.

916
679

Hokkaido

573

B-LOT
REIT IPO

88
2015
2015年

2016
2016年

2017
2017年

2018
2018年

2019
2019年

2020
2020年

2021
2021年

The number of buildings managed by
the Group increased 15 from a year ago

140,000

1,600

120,000

1,400

100,000

1,200

80,0001,000
800

60,000600

40,000400

20,000

200
2016
16年

2017
17年

2018
18年

Osaka

New
Business

CreatedJPY 1.3 billion bridge SPCs
※AUM＝Assets under management

A Group company started tooperate hotels

160,000

Total leasable floor area (m2)
Total no. of tenants

1,800

0

The first property managed by the REIT
distributed profits for the first time

2,087

283

Property
Management
2,200

881

Increasing AUM toward listing

2,555

2,021

901

Asset
Management

2019
19年

2020
20年

2021
21年

0

Steady 20%
Earnings Growth
Accumulating expertiseon the operation of hotels
Cultivating humanresources before inboundtourists come again
B-Lot Co., Ltd. All rights reserved. 18

Deep Plowingof Existing
Businesses

Asset Management for Using Assets for the Long Term

Introducing facilities that meet market needs
Increasing the satisfaction of wealthy owners

Bicycle sharing

Renting rooms with
furniture and home
appliances

Leaving packages
outside homes

Committed to return on real estate investment
Raising rents to improve earnings, providing
strategic support

Repairs,
renovations

Free Internet

Moving parking
facilities

Strengthening
leasing

Inviting goodtenants

Facilities for which needs increased
amid the COVID-19 pandemic
Rank

Facilities

1

Free Internet

2

High-speed Internet

3

Delivery box

4

Intercom with monitor

5

Windows having a high degree of sound insulation

6

BS and CS antennas

7Bath dehumidifier

8

Entrance with self-locking door

9

Security camera9

It is possible to throw garbages anytime*Source：zenkokuchintaizyuutakushinbun

Tokyo / Gaiemmae

Raised rent successfully！
An averageincrease of ＋9%
The maximum increase
was 53％

Tokyo / Higashi-koenji

Hokkaido / Kita ju hachijo

Enhancing asset value
Giving support related
to the timing of asset
replacement
B-Lot Co., Ltd. All rights reserved. 19

～ SDGs ： Achieving a sustainable society～Contributing to theprogress of medicine

Japan Leukemia Research FundSteering Committee Chairman
Shuki Mizutani

B-Lot Co., Ltd.
President
Makoto Miyauchi

Donated to the Friends of Leukemia Research
Fund through SDGs private placement bonds

Recommending
reducing theenvironmental impact

New graduates who will join the Company in April 2022

Distributing 1,000 B-Lot Eco Bag toemployees and customers

B-Lot Co., Ltd. All rights reserved. 20

～ Energy saving, renewable energy ～B-LOT ESAKA Bldg.
Achieved CASBEE
Rank S certificate

Using renewable energy
to contribute to achievea low-carbon society

Total installation area
exceeded 30,000㎡
Scored high marks in five items, including
energy saving facilities

Total power generation
Two facilities, total generation after
the Company started to own themApprox.

9.23 million kWh
The same effect of the plantingof cedar trees

Approx.

430,000 bottles

Carbon dioxide reduction
Comparison of average CO2
emissions from fossil fuelApprox.

6,000tTokyo Dome

30pieces
B-Lot Co., Ltd. All rights reserved. 21

～ New Techniques and Management ～Reducing redelivery
by leaving packages
outside buildings andremote unlocking

Reducing waste plastics
Promotingenvironmental
conservation activities

Supporting the active
participation of women andhuman resources fromoverseas

Executive officer : Izumi Tsuda

Issuing baby sittervouchers Supportingchildcare

Tsuruga International Golf Club
Obtaining scores using QR codes→ Discontinuing activity
distributing score cards
Green form marks→ Discontinuing distributing
them free of charge

Issue subsidized
babysitting coupons.
SupportingChild Rearing
B-Lot Co., Ltd. All rights reserved. 22

Ⅳ. Company Profile

Ⅰ.
Ⅱ.
Ⅲ.
Ⅳ.

Earnings Forecasts
Performance Review
Business Summary
Company Profile

P.04-07
P.08-12
P.13-22
P.23-35

2021.4 Merged~ Revenue Trends ~B-Lot and Life Stage
2021.7 Trade name change

Revenue

Viento Creation to
B-Lot Hospitality Management

2018.4 M&A

T&K Group(JPY in Millions)2018.5 Established2020.5 M&A

B-Lot Capital Link

売上
高

2,428

2018.2

B-Lot Asset Managementand LC Partners

1,960

Viento Creation

2,440

Corporation
2020.7 Merged

TSE 1st Section2017.1 M&A

LC Partners andMedical Asset Investment

2019.5 Acquired 50% stake

YOKOHAMA SEIEN

2016.4 M&A

Life Stage

1,490

2016.7 Established

Osaka Branch

1,250

2015.2 Established

B-Lot Asset Management953

2015.5 Established

B-Lot SINGAPORE

2011.4 Established2014.12

Hokkaido Branch

TSE Mothers IPO

2008.10 Established2013.9 Established

B-Lot

Fukuoka Branch

1

14

4

41

2009/122010/122011/122012/12104
2013/12

588
400

344

176
Earnings
Forecast

2014/122015/122016/122017/122018/122019/122020/122021/122022/122023/12

B-Lot Channel, Now Streaming!
Epoch

B-Lot YouTube

MOVIE「B-Lot Channel」

Search「History of B-Lot」
B-Lot Co., Ltd. All rights reserved. 24Company Profile ＝as of December 31, 2021＝
Company Name

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

President

Makoto Miyauchi

Number of
Employee

128 employees (178 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）

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

Sincerity

Brightness

Total
harmonization

The rounded corners of the square 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. 26

Business Outline

B-Lot Co., Ltd. All rights reserved. 27

Ⅳ-1. Real Estate Investment Development Business

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

Ⅳ-1. Real Estate Investment Development Business

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

Ⅳ-2. Real Estate Consulting Business

B-Lot Co., Ltd. All rights reserved. 30

Ⅳ-2. Real Estate Consulting Business

B-Lot Co., Ltd. All rights reserved. 31

Ⅳ-3. Real Estate Management Business

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

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

Operation（3 to 5 years）
・Implement asset management

Exit
・Provide exit strategies (Sale,

strategies
・Sourcing and negotiation
・Property valuation
・Debt financing

・Improve the asset value (Rent,
occupancy rate, renovation, etc.)
・Supervision of property management

refinance etc.)
・Property valuation
・Negotiation with purchaser

and building management companies
・Due diligence・Origination of structural vehicle
・Documentation

・Portfolio management and cash flow

・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.