Presentation Material for the First Quarter of FY2023 (Ending December 31, 2023)

May 11, 2023

Contents

  • Summary
  • Consolidated Statement of Income for the First Quarter of FY2023
  • Breakdown of Business Profit by Segment
  • Consolidated Balance Sheet for the First Quarter of FY2023
  • Balance of Real Estate for Sale
  • Assessment of the Market Environment and Future Policies
  • Full-YearEarnings Forecast for FY2023
  • Changes in Business Profit and Profit
  • Shareholder Returns
  • Business Results by Segment
    1. Commercial Properties Business
    2. Residential Business
    3. Asset Service Business
    4. Other
  • ESG-relatedInitiatives

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  • Appendix
    Long-Term Vision and Medium-Term Business Plan
    Materiality of the Tokyo Tatemono Group
    Quantitative Plan in Medium-Term Business Plan
    Long-Term Vision, Medium-Term Business Plan Material
    Investment Plan for FY2023 Changes in Major Indicators Financial Standing
    Fair Value of Rental Properties Quarterly Segment Data Market Data

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Copyright © Tokyo Tatemono Co., Ltd. All Rights Reserved.

2

Summary

Business Results for the First Quarter of FY2023

  • Although sales and gross profit on property sales to investors decreased, revenue decreased, and profit increased due to the increase in sales and gross profit on for-sale condominiums.

Topics

  • Bringing forward the target for the shift of renewable electric power at owned properties in the Commercial Property business by 20 years to 100% renewable energy consumption in FY2030 (February 2023)

•

•

Participation in first office building development project in Bangkok, Thailand (April 2023)

Concluded a share transfer contract of consolidated subsidiary Tokyo Tatemono Kids Co. Ltd. and concluded a business alliance agreement (April 2023)

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3

Consolidated Statement of Income for the

First Quarter of FY2023

  • Although sales and gross profit from property sales to investors decreased, revenue decreased, and profit increased due to the increase in sales and gross profit from for-sale condominiums.

Unit: ¥ billion

2022/12

2023/12

Increase/

Main factors for increase/decrease

1Q Actual

1Q Actual

Decrease

Operating revenue

121.6

118.3

(3.2)

Commercial properties

57.6

34.4

(23.2)

Residential

43.3

63.8

20.4

Asset service

15.8

14.2

(1.5)

Other

4.8

5.8

1.0

Operating profit

25.5

27.2

1.7

・Operating revenue; Business profit

See Business Results by Segment

Share of profit (loss) of

entities accounted for using

(0.1)

0.8

0.9

equity method

Business profit *

25.3

28.1

2.7

Commercial properties

17.1

10.1

(6.9)

Residential

7.6

17.8

10.1

Asset service

3.2

1.6

(1.5)

Other

0.0

1.2

1.2

Elimination/Corporate

(2.7)

(2.8)

(0.1)

Non-operating income

1.6

2.2

0.5

Recording of share of profit of entities

accounted for using equity method, etc.

Non-operating expenses

2.0

2.0

(0.0)

Interest expense

1.6

1.6

0.0

Ordinary profit

25.1

27.4

2.3

Extraordinary income

0.2

0.0

(0.2)

Extraordinary loss

0.0

0.0

(0.0)

Profit before income taxes

25.3

27.4

2.1

Profit attributable to owners of

17.2

17.7

0.5

parent

* Business profit = Operating profit + Share of profit (loss) of entities accounted for using equity method

2023/12

Achievement

Full-year

rate

forecasts

413.0

29%

198.0

17%

135.0

47%

56.0

25%

24.0

24%

66.0

41%

5.0

17%

71.0

40%

44.5

23%

23.0

78%

8.0

21%

6.0

21%

(10.5)

27%

9.0

25%

8.0

25%

-

-

67.0

41%

2.0

0%

3.0

1%

66.0

42%

44.5

40%

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4

Breakdown of Business Profit by Segment

(Unit: ¥ billion)

Segment: Item

2022/12

2023/12

2023/12

1Q Actual

1Q Actual

Forecasts

All segments (excluding sales of

13.6

27.3

52.0

properties to investors) total

Commercial

Building leasing,

8.6

7.9

25.0

properties:

etc.

Residential:

For-sale

4.1

17.4

17.0

condominiums, etc.

Asset service:

Parking lots,

0.7

0.7

4.0

brokerage. etc.

Other:

Leisure & childcare,

0.0

1.2

6.0

fund, overseas

Property sales to investors

Total*1

14.4

3.6

29.5

Commercial

Logistics, Hotel,

8.4

2.2

19.5

Retail facilities,

properties

Offices

Residential

For-sale

3.4

0.4

6.0

condominiums

Asset service

Asset solutions

2.5

0.9

4.0

Other

－

－

ー

Elimination / Corporate

(2.7)

(2.8)

(10.5)

Total business profit*2

25.3

28.1

71.0

*1

Figures for property sales to investors are the gross profit

*2

Business profit = Operating profit + Share of profit (loss) of entities accounted for using equity method

5

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Tokyo Tatemono Co. Ltd. published this content on 24 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 06:15:03 UTC.