Mitsubishi Estate Co., Ltd. (TSE:8802) acquired the remaining 50% ownership stake in Tokyo Kaikan Building from Tokyo Kaikan Co., Ltd. (TSE:9701) for ¥2.5 billion in cash on November 15, 2012. Board of Directors of Tokyo Kaikan Co., Ltd. resolved the transaction on November 15, 2012. The transaction is expected to close on November 15, 2012. A loss from transfer of a fixed asset of ¥784 million will be generated for the third quarter of the period ending March 2013 for Tokyo Kaikan.

Mitsubishi Estate Co., Ltd. (TSE:8802) completed the acquisition of the remaining 50% ownership stake in Tokyo Kaikan Building from Tokyo Kaikan Co., Ltd. (TSE:9701) on November 15, 2012.