Management Business and Leasing Business Overview

Appendix 1 Leasing Business Market Trends (Office Buildings) Market Conditions in the 5 Central Wards of Tokyo (Average Asking Rent & Vacancy Rate) (%) 10.0 3/2010 9.0 4/2011 日 8.0 3/2004 7.0 10/2004 (@17,526 yen 6.0 /month. tsubo) 3/20054 5.0 6,8/2003 (8.57%) 3/2003 3/2002 3/2009 4.0 3/2006 8/2008 (@22,901 yen /month. tsubo) 3.0 3/2008 3/2007 2.0 11/2007 (2.49%) 1.0 0.0 17,000 18,000 19,000 20,000 21,000 22,000 23,000 Source: Miki Shoji Co., Ltd. 24,000 (yen/month. tsubo) 29

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