Medium and Long-Term Holdings Business

We acquired the office area on the 1st to 6th floors of “Nichirec Building” in 2015 as income-generating property, which is located at an intersection in front of Hacchobori Station, about a 1 minute walk from “Hacchobori” Station, Subway Hibiya Line and JR Keiyo Line. Since a bank that initially had occupied the 1st to 3rd floors left the building, fast food restaurants and fitness clubs, etc., are the promoted attraction.

We try to increase profitability and at the same time, carried out renewal work for the entrance and external walls to realize an increase in asset value.
 

We acquired the store area of “Nerima-Kitamachi UR Building” in 2015 as income-generating property, which is located at the intersection of Loop 8 and Kawagoe-kaido Road, about a 10 minute walk from “Tobu Nerima” Station, Tobu Tojo Line.

Although this was an old-type earthquake resistant building, we carried out seismic strengthening work in cooperation with UR, and will put our energy into further increasing its asset value in combination with an improvement in profitability by lease.
 

We acquired a part of “Okubo Kado Building” containing a mixture of stores, offices, and home units in 2015 as income-generating property, which is located at the intersection of Otakibashi-dori and Okubo-dori, about a 2 minute walk from “Okubo” Station, JR Ｃｈｕｏ-Sobu Line.

The surrounding area is a downtown where various oriental restaurants are clustered. We aim for further effective utilization of the building in cooperation with the owners of other segments, improving profitability through an increase in the operating rate and review of maintenance costs.
 

This is a multipurpose building containing stores, offices, and home units that is directly linked with “Higashi-Kanagawa” Station, JR Keihin Tohoku Line (adjacent station of Yokohama Station) through the pedestrian deck.

This was acquired in 2016 as income-generating property. The building is complete with convenient facilities for everyday life, such as a supermarket, drugstore, 100-yen shop, etc.

This property had many vacant rooms at the beginning, but we contracted leases after performing renewal work, security work, and fire protection work for the individual ownership space and common use space to achieve a substantial increase in the operating rate.

We will continue to hold ownership of the building while maintaining a high operating rate.