Aug.31.2022 (English Summary) Disclaimer: This English summary is only for reference purpose. When there are any discrepancies between original Japanese version and English version, the original Japanese version always prevails. @B-LOt co.,Ltd. Prime Market : 3452 1. Greetings and Medium-term Management Plan P.3 P.5 P.13 P.18 P.25

&B-Lot
B-Lot Co., Ltd. All rights reserved. 2
The world is changing dramatically. Economic activity has been significantly affected by the prolonged pandemic and the war in Ukraine. In this environment, the B-Lot Group seeks this fiscal year to achieve the targets in the medium-term management plan, by purchasing a large amount of assets for residential purposes that are relatively liquid, promoting sales, continuing to strengthen the consulting business targeting the wealthy, and increasing operational efficiency through mergers with subsidiaries. As the COVID-19 pandemic moves towards its end, the Group expects the number of domestic and foreign tourists to recover and for earnings at hotel assets to improve. In the real estate industry, a number of giant corporate groups are bolstering their real estate business as a new revenue source or entering the industry. Meanwhile, real estate tech is evolving, including initiatives for the SDGs, the improvement of compliance, and small investments. New business opportunities and earnings structures are expanding. The Group believes these worldwide changes and transformations in the real estate industry are excellent opportunities. This is the perfect time for the Group to demonstrate strengths that competitors do not have, including creativity, flexibility, original ideas and teamwork. If progress in a project is behind schedule due to external factors, what steps will we take? Our ability to find solutions will be tested. Our greatest strengths since our founding have been our services for wealthy customers and the development of products for them. We will comprehensively build on these strengths, and will provide high quality real estate and high quality services to meet customer expectations in response to the increasing number of affluent consumers in Japan and growing interest in asset management in recent years. On the human resources front, young personnel who work seriously to achieve those goals are gaining experience and achieving remarkable growth to become superior performers. The age has come when better products sell for higher prices. On the back of this trend, we will strive to increase the number of internal and external partners who align with our business philosophy, so that we can grow the Company constantly over the long term and contribute 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 President   Masahiro Mochizuki &B-Lot

Three-Year Management Plan

Action Plan
Deep Plowing of Existing Businesses Delve deep into customer needs and promote geometric growth of existing businesses. Steady 20%  Earnings Growth Aim for 20% yearly annualized growth in consulting and management. 25% or Higher Equity Ratio Take measures to build up capital and lay stable financial foundation. B-LOT REIT IPO Leverage our Group's information power to achieve JPY50bn AUM and ongoing business. Cultivate Future Leaders Fortify business professionals Become a treasure trove of talented human resources. Add More Corporate Partners Find time to add to our number of corporate partners under principle of mutual prosperity.
A breakdown of earnings
Gross profit breakdown results Gross profit breakdown targets B-Lot Co., Ltd. All rights reserved. 4 Feature: An Age When Better Products Sell for Higher Prices
» 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. Employees (Notes) The figures from 2015 are consolidated figures. LLC KAMSSI was formerly named GK HEALTH CARE IP
Asset Management
Funding Tax Saving Inheritance Business Succession Networks Expertise Ability to source information using the networks of high-quality wealthy customers and investors that management has developed. Extensive experience in transactions of investment properties and sophisticated expertise.
B-Lot Co., Ltd. All rights reserved. 7

Wealthy households with assets of JPY 100 million or more in Japan million households are wealthy in Japan and total net financial assets are 333 trillion yen » The number of wealthy people is increasing every year in Japan. Net financial assets are also increasing. > The Group's main customer base is increasing. Consultations on asset succession to descendants are increasing.(a tailwind for the market) Household financial asset balance and cash and deposits in Japan (as of March 31, 2022) Source: Created by B-Lot on the basis of  Market Operations by the Bank of Japan : Flow of Funds The Bank of Japan's Flow of Funds Accounts Statistics says that financial assets held by households have exceeded JPY 2,000 trillion. → Cash and deposits, more than JPY 1,000 trillion, account for more than 50% of financial assets. Assets are not managed efficiently. B-Lot Co., Ltd. All rights reserved. 8
» Household financial assets are increasing in Japan, but the growth rate is lower than in the United States. » The difference has been widening in recent years. Enhancing knowledge is necessary for promoting asset management. 100-year lifespans In the United States, they build assets, primarily in retirement accounts and investment trusts, while they work. (personal financial assets increased more than eightfold in 20 years) → One of the reasons why cash and deposits account for a large percentage of financial assets in Japan may be a lack of reliable partners. B-Lot Co., Ltd. All rights reserved. 9
➤ More than 100 sales personnel. Striving to increase unit transaction value and service quality. Increasing personnel transfers for human resources development, → introducing performance-based pay for pay raises. Employees By Department Employees By Age ■ Investment and Development ■Brokerage ■ Consignment Sales ■ Property Management ■ Administration Department Sales: more than 100 personnel Pay raises in the performance-based pay system. (Note) The number of employees is the number of full-time employees excluding directors and part-timers. 20-29 years old: more than 25% The target is an average transaction value of  more than JPY 0.1 billion. 30-39 years old: more than 30% Sales to the wealthy and human resources management are evaluated.
B-Lot Co., Ltd. All rights reserved. 10

Assets held and the number of households in each classification in terms of net financial assets held 2019
Potential Source: Created by B-Lot on the basis of  Nomura Research Institute, Ltd. : Nomura Research Institute in 2020 » The number of main customers of the Group and their needs are increasing. Support for asset management, including real estate investment. Establishing a company responsible for inheritance measures and asset management. Creating points of contact with potential customers and encouraging them to start managing their assets. Transactions of condominiums for sale. Crowdfunding Business. Bringing real estate investment closer to consumers Expected Yield Helping consumers increase wealth, assets and networks
Real estate restoration Development Senior citizens Corporate revitalization Overseas, luxury Financial Highlights Achieved 40.4% of the full-year consolidated profit budget. Made good progress versus the full-year plan and made progress in the shift to long-term borrowings. Real estate for sale, primarily real estate for revitalization, increased steadily to JPY34.0 billion. The occupancy rate at accommodation facilities remained low for a long time. Brokerage and condominium sales fees were strong, reflecting the strengthened network of wealthy people, increased sales personnel, and rises in real estate prices. Changed officers to expedite decision making and expand operations. Actively invested in human resources, including raising the pay of high performers.
@B-Lot
B-Lot Co., Ltd. All rights reserved. 14

Net Profit, a KPI Revenue (JPY in Millions) Ordinary Income Net Profit (JPY in Millions) (JPY in Millions) Note: In this presentation, net profit attributable to shareholders of parent is shown as net profit.
B-Lot Co., Ltd. All rights reserved. 15

(Note) Revenue does not include inter-segment transactions.
Revenue and Operating income
» Revenue increased JPY 4,070 million, up 97.1％ year on year. Operating income rose JPY 467 million, up 66.1% year on year. Operating income increased from a year ago in all segments.
SG&A
→ Rose JPY 77 million. Climbed only slightly, 5.8%, year on year, reflecting an improvement in operating efficiency chiefly due to the promotion of electronic contracts.
Net profit for the period
→ Increased JPY 336 million. Rose 126.9% year on year. Recorded 40.4% of the full year budget.
B-Lot Co., Ltd. All rights reserved. 16
Assets
→ Rose JPY 1,285 million. Cash and deposits declined JPY 3,164 million. Real estate for sale and site under development increased JPY 4,543 million.
Liabilities
Climbed JPY 901 million. Interest-bearing debt increased JPY 740 million. Of interest-bearing debt, long-term borrowings rose JPY 1,666 million. Received long-term funding from financial institutions to maintain financial stability, preparing for changes in market conditions.
Net assets
→ Increased JPY 383 million. Retained earnings rose JPY 309 million. The equity ratio stood at 21.9% (21.7% a year ago). Target equity ratio of more than 25% to establish a stable financial base.

&B-Lot
B-Lot Co., Ltd. All rights reserved. 17
Business Summary
Business profit was 92.9%YoY Sales with profit margins higher than the initial plan made progress. → 12 properties were sold. (10 properties a year ago) 7 residential properties, 3 office and retail properties, 2 land lots. Most of the properties sold were small and medium-sized properties for residential purposes, sales of which were firm. » Strong investment appetite of domestic and foreign investors. Strong needs for acquisition of properties for residential purposes. B-Lot Co., Ltd. All rights reserved. 19 &B-Lot

Balance of real estate for sale
28 properties acquired (18 properties a year ago) Properties, mainly for residential purposes, were purchased successfully. The balance of real estate for sale rose 15.4% year on year to exceed JPY 30.0 billion. → Increased long-term borrowings, taking advantage of good relationships with financial institutions. Strived to improve financial soundness. » Thirty-one properties for residential purposes were purchased, an increase of 12 from the previous year. Nine office and retail properties were purchased, an increase of six from the previous year. Most of the purchased properties were those from which rental income can be earned. > No hotels were sold due to COVID-19. Land: One property was sold. One property was completed and transferred to inventories of properties for residential purposes.
😭B-Lot

→ Business profit was 27.7%YoY Business profit grew successfully. The Group aims to achieve an annualized growth rate of 20% every year. » Deals increased primarily in the Kanto and Kansai regions, reflecting active investment.
Revenue and Ordinary Income Trends
Trends in the number of transactions
Number of contracts through brokerage Number of units delivered through commissioned sale The number of contracts through brokerage was 32 (32 in the previous year). Kanto11、Hokkaido7、Kyusyu3、Kansai11 » The number of units delivered through commissioned sales increased 41.4% year on year. Deliveries were completed successfully and contributed to revenue and income.
Contracts with overseas investors Brokerage Contract sales   Providing land information to create synergy Tokyo Shibuya-ku / Residence B-Lot Global Team was entrusted to sell the properties of wealthy people overseas. The sales were completed. → The number of visits to properties was trending upward, partly due to the weakening of the yen. The Group expects to increase transactions with overseas investors in the second half. → First condominium for sale project Provided land information and participated in the project. ( MITSUBISHI ESTATE RESIDENCE CO.,LTD. and Daiei Real Estate & Development Co., Ltd. ) » The Group was also entrusted to sell condominiums. All of the condominiums were sold quickly. Income exceeded the initial plan. B-Lot Co., Ltd. All rights reserved. 22 &B-Lot
Revenue and Ordinary Income Trends Business profit was 24.6%YoY Business profit grew successfully. The Group aims to achieve an annualized growth rate of 20% every year. → Rental income increased, although hotels were adversely affected by COVID-19. Both revenue and ordinary income increased, which also reflected other fees. PM consignment building trends The number of buildings was 120 (104 a year ago). The number increased by 16 from the same period in the previous fiscal year. The earnings base expanded steadily due to the increase in the number of buildings managed. → Owner satisfaction increased due to an increase in asset value. Repeat transactions and referrals increased.
Asset Management   New Contracts The drawing above is an image of what the building is expected to look like, and the actual building may be different. LLC KAMSSI started, and SPC projects were created.* Contract asset management at a Group company. *KAMSSI operates in the healthcare area. It is a joint venture established with Care Twentyone Corporation in 2021. Will actively develop assets with social significance. Aim to expand assets under management. Property Management    Hotels KANAZAWA HAKATA GION ➤ No sale of hotels in the first half, and no rents received. Occupancy ratio: on a recovery trend. Average daily rate: still below the plan. In anticipation of the end of the COVID-19 pandemic, the Group will change its plans, including the introduction of pet-friendly designs, and will strengthen its alliances with partners. Company Profile
Company Name Head Office Establishment Capital CEO Number of Employee Listed Date Offices Subsidiaries
B-Lot Company Limited
1-11-7, Shimbashi, Minato-ku, Tokyo, 105-0041 Japan October 10, 2008 JPY 1,992,532,283 Makoto Miyauchi 131 employees (175 as Consolidated) December 11, 2014   (TSE Mothers Market : 3452) February 02, 2018 （TSE 1st Section : 3452) 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）
動B-lot
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 Sincerity 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 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 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
Our Businesses
B-Lot is a real estate and financial consulting company providing one-stop service to our clients with profound experiences and networks. &B-Lot

Real estate revitalization
We acquire real estate that has been undervalued for various reasons, including problems with profitability and legal compliance. We improve asset value and profitability by utilizing the characteristics of each property and making full use of cur own planning capabilities and revitalization expertise. Real estate acquisitio by B-Lot and real estate revitalization expertise Purchasing Advantages Investment range. Major clies, wide variety of uses, wide price range Information colaction: Unique purchasing notwork developed over the years Decision-making ability: Ability to make decisions at a tast peco Properties with issues: Accortain revitalization prospects and calculate optimal future price Value-added planning and Selling as income producing implomentation rosi estato Adding value Increased incomed Leesing, operators reforms Raducing costs: Raducing mainlenance and menagament costs Ravising vidators: Consolidaing rights and purchasing adacent land Appropriate usel Renovations, conversions, repairs, new equipment
Real estate development
By ourselves, we acquire lands and commit to design and functionality through our integrated system of planning, development, management, and operation. We develop buildings as real estate that are familiar to local residents and tenants as well as generate long-term stable income. 6) Leasing management. etc. ! We provide consulting services for your business success based on in-depth marketing. ) We plan high value-added products that moet the needs of consumers according to the needs of business owners and clients. 3) We are involved in all aspects of planning for development projects, including construction schedules and sales plans. ! We make designs with partner companies who have a wealth of experience. We supervise the progress of projects to ensure that the construction schedule and costs remain as planned. 6 Wo provide full support for leasing, management, and subsequent operations.

Corporate revitalization and business succession
B-Lot conducts M&A of companies and businesses that are facing issues such as lack of successors and shrinking markets. Through proper management and guidance, we are building an organization with a solid sense of unity and revitalizing our core businesses. Business revitalization is necessary • Formulating growth strategies • Reconstructing the business • Reorganization and integration of unprofitable areas • Asset sales, debt reduction, rescheduling • Finance structure M&A We provide specific solutions to companies that are facing various business challenges. Business revitalization is necessary • Group receparization through mergers, etc. • Utilizing external capital such as revitalization funds • MBO • Legal restructuring, private restructuring • Arrangement of accounting rules • Training and promotion of human resources • IT and system maintenance Strengthen profitability and growth potential Enhance corporate value
Real estate for seniors
In recent years, services for seniors have been garnering attention due to social changes such as the increase in the elderly population. We invest in real estate for seniors that meets the needs of society, and provide real estate in partnership with medical institutions and other organizations.
Features of real estate for seniors
Peace of mind thanks to a variety of shared facilities and health support services
Business details: Own and sell charnel house, operate adjoining restaurant Business details: Design and operate gold courses [Kanagawa Prefecture]

Real estate brokerage
We provide high quality real estate information by utilizing our extensive experience, knowledge, and network. Professionals who are well versed in the real estate investment market assist our clients in the purchase, sale, and operation of their properties. Sales support services We offer real estate not often available to the public through referrals from lawyers, tax accountants and financial institutions as well as real estate which individual investors and fisted companies can quickly sell with ease due to their circumstances. Purchasing support services Our purchasing support services meet the needs of investors because we research the area characteristics and market along with analyzing profitability of the real estate. Leasing brokerage Utilizing our own unique network, we provide leasing trokerage services for offices, stores and residences. Consulting
We also offer proposals for effective use of land, and conduct general negotiations related to real estate, such as rent and land rent revision.
Asset consulting
Our specialized consultants formulate real estate management strategies based on multifaceted analysis and provide comprehensive asset management support, including effective use of land and asset reconfiguration, as well as inheritance measures and business succession for the next generation. Inheritance and business succession We are building a real estate portfolio effective in formulating tax saving plans and inheritance measures through establishing an esset management company. Agency negotiation services We provide general negotiation services for real estate such as rent and land rent revision. Exchange and effective use We propose and achieve land exchange and effective unitzation.

Consignment Sales
We provide marketing and planning support to developers while providing them with feedback on customer needs that we have obtained through past experience. We develop highly specialized condominium sales as a partner for developers and clients. ) We receive requests from developers and conduct research on the potential of the development site through data and inforviews. ). We analyze various data to create and propose plans that predict market needs. (3) We offer integrated management of customer needs and desired life plans for visitors to the model rooms through a database of past proposals and negotiations. A consistent follow-up system in place from contract to delivery to improve the contract rate. ( ) After sales are completed, we complie and analyze the data and report it to the developer. These efforts are highly appreciated and lead to repeat business for the next development project.
Overseas investors support [B-LOT SINGAPORE PTE. LTD]
The B-Lot Group utilizes its own unique consulting capabilities to develop real estate information for inbound investment needs in Japan, and provides a one-stop services from purchase to operation and sale. Service structure of Singapore subsidiary [ B-LOT SINGAPORE PTE. LTD ] Coordinating investment in Japanese real estate • Japanese market referrals - Proposing fund raising methods - Speedy negotiations · Follow-up services About 6 hours 50 minutes from Singapore to Japan Investors Japan corporate services system [ B-Lot Group ] Complete investment support • Developing real estate information tallored to investment needs • Real estate inspection affendance in English • Leasing and property management • Referrals to reliable professionals and other partners Asset management (AM subsidiary) • Fund formation support

Property management
We provide contract-related management services such as tenant solicitation, tenant negotiation, contract work, renewal, and cancellation on behalf of owners to improve the profitability of properties owned by wealthy individuals and investors. Wide scale PR for soliciation information Listed on company metsile and real estate webs favi
Monthly reports
Income and expenditure report Formulation of operation rate table Terrant status report Repair history Annual budget formulation Building management schoolse formalizion Market reports etc...
Ownership and operation of income-producing real estate
SDGS Initiatives
B-Lot is committed to supporting the Sustainable Development Goals (SDGs). We have entered the solar power generation business because we believe that it is our role to protect the environment and leave a beautiful earth for future generations by We own real estate that has value, and we handle all operations related to leasing. We build relationships of trust with our tenants and clients, and we own and operate our properties with detailed services that give our tenants peace of mind.
B-Lot Singapore Pte. Ltd. was established to provide a variety of investment 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-Iot 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
(B-Lot Singapore Pte.Ltd.)
★Investment coordination • Provide the latest Japanese market information • Introduce a variety of financing plan • Speedy negotiations • After sale follow-up From Japanto Singapore: About 7 hours and 40 minutes From Singapore to Japan: About6 hours and 50 minutes
2. Service by B-Lot Group in Japan
(B-Lot Group)
★Wide range of operational support • Sourcing real estate information based on individual clients’ needs • Viewing tour with English speaker • Leasing and Property management • Introducing reliable lawyers, accountants, judicial scriveners, etc. ★B-Lot Asset Management • Fund origination Investors
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 in asset finance. President Taro Togawa — Business Model —
Investors
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 and management, with the aim to increase the asset value of golf courses. President Taizo Kawata — Business Model — Outsourced management Outsourced management of golf courses Planning Golf course design, renovation design, and supervision
Plan proposal
Proposing plans for golf tournaments and events
Consulting services
The management of a total of three courses, including contract as a designated course manager Comprehensive consulting services related to golf, including renovation and course maintenance
Adviser services
Strategic planning and practical training to enhance the asset value of golf courses as profit-earning real estate Adviser services related to the purchase or sale of golf course assets
Golf courses the company manages on an outsourced basis
Wakasu Golf Links (Management business designated by the Tokyo Metropolitan Government) North Shore Country Club Tsuruga Kokusai Golf Club
DISCLAIMER
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/ Except for historical facts, all plans, forecasts, strategies and other information contained herein are forward-looking statements. Forward- looking 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 the time of publication. Various factors could cause results to differ materially from any projections presented herein. The Company reserves the right 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.