Notice Regarding Transfer of Assets

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

October 28, 2015

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Noboru Hirano, Director and CFO
TEL: +81-3-3435-2864

Notice Regarding Transfer of Assets

Tosei Corporation (the "Company") hereby announces that it decided at a meeting of its Board of Directors held today to transfer inventory assets of the Company to Tosei REIT Investment Corporation. Since the revenue from the asset transfer is expected to be equivalent to at least 10% of the Company's consolidated revenue for the previous fiscal year, the Company accordingly provides the following information.

  1. 1.Details of assets to be transferred
    Assets to be transferred
    Total:4 properties
    （inventories）    		ZoningLocationPlanned transfer amount
    (\ million)    		Planned total transfer amount
    (\ million)
    Nishikasai Tosei Building Office Edogawa-ku, Tokyo 1,710 10,560
    Kannai Tosei Building Ⅱ Office Yokohama-shi,
    Kanagawa    		 4,100
    SEA SCAPE Chiba-minato Apartment Chiba-shi, Chiba 2,800
    Musashifujisawa Tosei Building Store Iruma-shi, Saitama 1,950
    　
  2. 2.Summary of buyer of assets
    (1) Name Tosei REIT Investment Corporation
    (2) Address of Head Office 4-2-3 Toranomon, Minato-ku, Tokyo
    (3) Representative Executive Officer Hisaaki Kuroyama
  3. 3.Timeframe of transfer
    (1) Contract Date October 28, 2015
    (2) Transfer Date (scheduled) November 17, 2015
    Please take note that completion of the necessary decision-making procedures by the transferee and completion of the necessary funds procurement before the transfer date have been set as conditions precedent to the asset transfer.
  4. 4.Impact on earnings forecasts
    For the impact of this asset transfer on the full-year earnings forecasts for the fiscal year ending November 30, 2015, please refer to the notice titled "Notice Regarding Revision of Full-Year Earnings Forecasts for Fiscal Year Ending November 30, 2015 and Revision of Dividend Forecasts" disclosed on the same date as this notice.

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