To whom it may concern

Tosei Corporation (Head Office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities Code: 8923) is pleased to announce that it has completed the acquisition of total six properties owned by two business companies, as part of its support for business succession.

The Tosei Group recently provided support to two business companies owning real estate for business succession due to the absence of successors and other reasons, including the sale of assets held by the companies. As part of this support, Tosei Group acquired their properties in February and May of this year. Those acquired this time are six properties: income-generating apartment buildings in Suginami-ku and Edogawa-ku, Tokyo and mixed-use buildings in Katsushika-ku, Tokyo and Yokohama City, Kanagawa, etc. The total expected disposition value of the acquired properties is approximately 4 billion yen.
Going forward, we intend to sell the properties, after increasing real estate value through conducting value-add work according to each property's characteristic, leasing activity for improving occupancy rate, etc.

Our group is promoting the acquisition of prime real estate properties to expand the scale of our business. We recognize that purchasing properties at competitive prices is one of the most important issues in these days of high material and construction costs, and we are strengthening our acquisition strategy by diversifying our purchasing channels and methods, such as real estate M&A. We have committed 100 billion yen of acquisition target in this fiscal year, and already completed about 30 billion yen worth of properties as of end of the first quarter, promoting acquisition activities including M&A methods. Since our first M&A project in 2001, the Group has conducted real estate M&A and business succession support for the purpose of real estate acquisition and has achieved 19 deals / 94 properties in total. We are striving for further growth of our group through acquisition of prime real estate and expansion of business areas utilizing diverse methods including M&A.