Investor Presentaiton

3-2. Property Sales Business: Overview & Strengths 3-2-5. Property for Sale (Property Sales to Investors) We use our development capabilities to create superior assets Jingumae M-SQUARE Inventory of Property for Sales to Investors* Total: JPY 447bn (As of March 31, 2012) On balance sheet: JPY 235 bn Off balance sheet: JPY 212 bn Completed in 2009 Higashi Ikebukuro 1- Chome Project Operating office buildings ≈ 36% Planned & under development ≈ 43% ParkAxis Motoasakusa stage Operating retail facilities Operating rental housing properties = 2% ≈ 19% Opened in 2012 Consolidated basis. On-balance sheet real properties for sale including advances paid for purchases, and assets held by SPCs for the property sales business Completed in 2008 21

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