C r e a t i n g n e w v a l u e a n d i n s p i r a t i o n i n a l l a s p e c t s o f r e a l e s t a t e

Fund and Consulting Business

Development Business

Revitalization Business

Property Management

Business

HotelBusiness

In our Fund and Consulting Business, Tosei Asset Advisors, Inc. provides asset management services for real estate

funds and manages the assets of Tosei Reit Investment Corporation. The services include the acquisition and disposi-

tion of properties tailored to investor needs, raising the occupancy rates of rental condominium buildings, and giving

other kinds of advice. Tosei also provides consultancy and intermediary services for corporates.

The Rental Business provides a stable income stream through leasing of office buildings, condominiums, stores, car

parks and other Group-owned properties, in the greater Tokyo area. We maintain and improve the value of these prop-

erties through our comprehensive operations that make full use of the Group’s unique expertise.

Operated by Tosei Community Co., Ltd., the Property Management Business offers comprehensive property management

services including building management, security services, renovation and tenant leasing operations. Managed properties

have been expanding from buildings and condominiums to hotels, commercial and logistics facilities, and schools as a

result of offering services that maximize cash flows and increase asset value.

Tosei will move forward proactively with the development of the Tosei Hotels Cocone, hotels with its own brand, and

with the conversion of used office buildings into hotels in the Greater Tokyo Area. Management and operation of hotels

are carried out by its group companies, including Tosei Hotel Management Co., Ltd.

In the Development Business, Tosei examines the characteristics of acquired land and determines the use that will maxi-

mize its value, choosing from a diverse product lineup that includes office buildings, commercial facilities, condominiums,

detached houses and hotels. We then develop and sell the properties. Tosei has its own first-class architectural office to

ensure craftsmanship and quality. In recent years, we have also focused on developing eco-friendly properties.

In the Revitalization Business, Tosei acquires properties whose asset value has declined, improves their design,

convenience and security, and introduces environment-friendly features, based on “value-up plans” that reflect local

characteristics and tenant needs. The revitalized properties are sold to a range of investors. For end users, we also oper-

ate a Restyling Business in which we acquire and refurbish entire rental condominium buildings and sell the individual

units. Tosei Corporation and Tosei Revival Investment Co., Ltd. also acquire properties through mergers and acquisitions.

Rental Business

M e s s a g e

The Tosei Group maintains its core real estateoperations while pursuing unlimited growthopportunities in new areas.

Under the corporate philosophy, “To create new value and inspiration

in all aspects of real estate we as a global-minded group of seasoned

professionals”, work to contribute to society and increase corporate

value by developing real estate and restoring its value with a view of 10

to 20 years in the future and a constant commitment to monozukuri,

the Japanese tradition of always producing things with a true crafts-

man’s mindset.

As people’s lifestyles and values change over time, the types of real

estate that they require are diversifying. Moreover, the real estate finance

market has recently been globalizing at a striking pace. Consequently,

real estate financing now needs world-class management.

In this environment, the Tosei Group is determined to exert the com-

prehensive strength and synergy of its six main businesses and to drive

its entry into the global market.

The Tosei Group will continue to develop its operations with

commitment and integrity. Having established a corporate brand that

inspires trust, we aim to become a close and indispensable part of

people’s lives and businesses.

We look forward to your continuing support.

President and CEO

H i s t o r y

1950 Established as Yukari Kogyo Co., Ltd.

1983 Company name changed to Tosei Building Co., Ltd.

1994 Seiichiro Yamaguchi appointed as President and CEO

Initiated residential condominium development (THE Palms Series)

1996 Company name changed to Tosei Fudosan Co., Ltd.

Initiated Revitalization Business

1999 Initiated detached house development (THE Palms Court Series)

2001 Acquired First-class Architect’s Office License (Tokyo Governor’s Registration No. 46219)

2002 Structured first private real estate investment trust fund, the Argo Fund, targeting rental condominiums (commencement of real estate securitization business)

2004 Acquired ISO9001 certification (Architecture Planning Department)

2005 Registered as a Securities Investment Adviser

Established the subsidiary Tosei Revival Investment Co., Ltd. to conduct corporate and business turnarounds

Made Tosei Community Co., Ltd. a consolidated subsidiary

Registered as a dealer of Investment Trust Beneficiary Rights

Established the subsidiary Tosei REIT Advisors, Inc. (Current name: Tosei Asset Advisors, Inc.)

2006 Company name changed to Tosei Corporation

Moved headquarters to Minato Ward, Tokyo

2007 Pre-registered as a Financial Instrument Business Operator engaged in the Investment Advisory and Agency Business or Type 2 Financial Instruments Business in accordance with Financial Instruments and Exchange Law

2009 Initiated Restyling Business for condominiums

2011

2012 Established the subsidiary Tosei Singapore Pte. Ltd.

2013 Adopted International Financial Reporting Standards (IFRS)

2014

2015 Urban Home Corporation (Current name: Tosei Urban Home Corporation, Inc.) became a Group company through a merger and acquisition

2016 Established the subsidiary Tosei Hotel Management Co., Ltd.

2017 Opened the first Tosei-branded hotel “TOSEI HOTEL COCONE Kanda”

2018 Opened the second Tosei-branded hotel “TOSEI HOTEL COCONE Ueno”

Listed on JASDAQ Securities Exchange

Listed on Second Section

of Tokyo Stock Exchange

Listed on First Section of Tokyo Stock Exchange

Listed on Main Board of Singapore Exchange

Tosei Reit Investment Corporation, which contracts out the management of its assets to Tosei Asset Advisors, Inc., a consolidated subsidiary of Tosei Corporation, listed its shares on Tokyo Stock Exchange

[Mission]

[Management Principles]

• Continue developing seasoned, true professionals based on people-centered management.

• Face risks with entrepreneurial drive and inspire continual innovation by breaking through the boundaries of convention.

• Optimize investments through portfolio management that integrates real estate and finance.

• Remain committed to quality, seek value globally and expand our network of cooperation.

• Maintain fair business practices while pursuing world-class management quality.

[Action Principles]

• Ceaselessly sharpen professional attitudes, knowledge and skills.

• Think and collaborate to become a learning organization.

• Stay true to our word, make clear decisions, and act speedily.

• Create an enjoyable, positive corporate culture through mutual respect and teamwork.

The Tosei Group’sCorporate Philosophy

Create new value and inspiration in all aspects of real estate as a global-minded group of seasoned professionals.

0

10,000

20,000

30,000

40,000

50,000

60,000

(Millions of yen)

0

2,000

4,000

6,000

8,000

10,000

(Millions of yen)

4,6634,663

6,0406,040

8,4508,4509,0499,049

10,17110,171

0

1,000

2,000

3,000

7,000

5,000

6,000

4,000

(Millions of yen)

49,98149,981

43,00643,006

2014 2015 2016 2017 2018

49,81849,818

57,75457,75461,54361,543

2,8742,874

5,5475,547

6,1556,155

6,8526,852

0

60,000

40,000

20,000

80,000

100,000

140,000

120,000

(Millions of yen)

80,85880,858

93,19693,196

121,276121,276

32,72732,727 36,22836,22841,01041,010

138,768138,768

52,02152,021

4,1354,135

122,550122,550

46,15846,158

20182014 2015 2016 2017

2014 2015 2016 2017 2018 20182014 2015 2016 2017

■ Revitalization Business ■ Development Business ■ Rental Business

■ Fund and Consulting Business ■ Property Management Business ■ Other

■■ Total assets ■■ Total equity

56.5%

21.5%

10.0%

8.5%

3.5% (0.4%)

19.8%

12.6%

4.9%

0.6%

52.8%

11.6%

F i n a n c i a l R e s u l t s C o r p o r a t e D a t a

Percentage of revenue by business segment (FY2018)

0

10,000

20,000

30,000

40,000

50,000

60,000

(Millions of yen)

0

2,000

4,000

6,000

8,000

10,000

(Millions of yen)

4,6634,663

6,0406,040

8,4508,4509,0499,049

10,17110,171

0

1,000

2,000

3,000

7,000

5,000

6,000

4,000

(Millions of yen)

49,98149,981

43,00643,006

2014 2015 2016 2017 2018

49,81849,818

57,75457,75461,54361,543

2,8742,874

5,5475,547

6,1556,155

6,8526,852

0

60,000

40,000

20,000

80,000

100,000

140,000

120,000

(Millions of yen)

80,85880,858

93,19693,196

121,276121,276

32,72732,727 36,22836,22841,01041,010

138,768138,768

52,02152,021

4,1354,135

122,550122,550

46,15846,158

20182014 2015 2016 2017

2014 2015 2016 2017 2018 20182014 2015 2016 2017

■ Revitalization Business ■ Development Business ■ Rental Business

■ Fund and Consulting Business ■ Property Management Business ■ Other

■■ Total assets ■■ Total equity

56.5%

21.5%

10.0%

8.5%

3.5% (0.4%)

19.8%

12.6%

4.9%

0.6%

52.8%

11.6%

Revenue Profit before tax

0

10,000

20,000

30,000

40,000

50,000

60,000

(Millions of yen)

0

2,000

4,000

6,000

8,000

10,000

(Millions of yen)

4,6634,663

6,0406,040

8,4508,4509,0499,049

10,17110,171

0

1,000

2,000

3,000

7,000

5,000

6,000

4,000

(Millions of yen)

49,98149,981

43,00643,006

2014 2015 2016 2017 2018

49,81849,818

57,75457,75461,54361,543

2,8742,874

5,5475,547

6,1556,155

6,8526,852

0

60,000

40,000

20,000

80,000

100,000

140,000

120,000

(Millions of yen)

80,85880,858

93,19693,196

121,276121,276

32,72732,727 36,22836,22841,01041,010

138,768138,768

52,02152,021

4,1354,135

122,550122,550

46,15846,158

20182014 2015 2016 2017

2014 2015 2016 2017 2018 20182014 2015 2016 2017

■ Revitalization Business ■ Development Business ■ Rental Business

■ Fund and Consulting Business ■ Property Management Business ■ Other

■■ Total assets ■■ Total equity

56.5%

21.5%

10.0%

8.5%

3.5% (0.4%)

19.8%

12.6%

4.9%

0.6%

52.8%

11.6%

Profit for the year Total assets · Total equity

Percentage of operating profit by business segment (FY2018)

(As of November 30, 2018)

Company name Tosei Corporation

President and CEO Seiichiro Yamaguchi

Address Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo

Date of establishment February 2, 1950

Capital ¥6,554,139 thousand

Stock listings Tokyo Stock Exchange, First Section (Ticker code: 8923) Singapore Exchange, Main Board (Ticker code: S2D)

Employees 431 (Consolidated) 181 (Non-consolidated)

Fields of business Revitalization, Development, Rental, Fund and Consulting, Hotels

Licenses Real Estate Business License, Specified Construction Business License, First Class Architect’s Office License, Registered Financial Instrument Business (Type 2 Financial Instrument Business, Advisor and Agency), General Real Estate Investment Advisory Business Registration, Real Estate Specific Joint Enterprise Permit

President and CEOSeiichiro Yamaguchi

Director, COO Katsuhito Kosuge

Director, CFONoboru Hirano

Directors, Managing Executive OfficersMasaaki Watanabe (AS Department 4, 5)Hideki Nakanishi (AS Department 1)

Independent DirectorsKenichi ShohtokuHiroyuki Kobayashi

Audit & Supervisory Board MembersYutaka Kitamura (full-time)Hitoshi Yagi (full-time)Tatsuki Nagano Osamu Doi

Senior Executive OfficerIchiro Kawabata (Corporate Planning Department)

Executive Officers Shunsuke Yamaguchi (M&A ・ Group Strategy Department, Administration Department)Nobuto Fujiwara (Accounting and IR Department) Koji Kuramoto (AS Department 2, Architecture Planning Department)Hitoshi Oshima (AS Department 3)

Management team (As of March 1, 2019)

Tosei Community Co., Ltd. Fields of business: Property Management Business Representative: Hisashi Hasegawa

Tosei Revival Investment Co., Ltd. Fields of business: Real Estate M&A, Financial Advisory Business Representative: Kaname Wakabayashi

Tosei Asset Advisors, Inc. Fields of business: Fund and Consulting BusinessRepresentative: Akihiko Fujinaga

Tosei Hotel Management Co., Ltd. Representative: Ichiro Kawabata

Tosei Hotel Service Co., Ltd.Representative: Ichiro Kawabata

Tosei Urban Home Corporation Representative: Yasumasa Tsukada

Tosei Singapore Pte. Ltd.Managing Director: Hiroyasu Yoneda

Main Group Companies (As of March 1, 2019)

(FY2018 Consolidated) <IFRS>

Organizational structure (As of March 1, 2019)

General Meetingof Shareholders

Corporate GovernanceMeeting

Board of DirectorsRisk Management and Compliance Committee

President and CEO Information Disclosure CommitteeManagement Meeting

Audit & Supervisory Board

Nominating and Compensation Advisory Committee

Administrative Division

Administration Department

Accounting and IR

Department

Corporate Planning

Department

Internal Audit Department

Business Division

Section 1

Section 1

Section 3

Section 3

Section 1

Section 1

Section 1

Section 2

Section 2

Section 2

Asset Solution Department 3

Asset Solution Department 4

Asset Solution Department 5

Asset Solution Department 2

Asset Solution Department 1

Architecture Planning

Department

Asset Solution Business

Promotion Department

Human ResourcesDepartment

Section 2

Section 2

M&A・Group Strategy

Department

*AS: Asset Solution

* Established the Hotel Business as a new segment in FY2019.

Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo

https://www.toseicorp.co.jp/english

Company Name and Group Logo

2019.3.200

symbolizes unlimited growth and opportunities

represents the integration of real estate and finance, and a global business scope

expresses flexibility

Printed in Japan on recycled paper using the waterless process and non-VOC ink.