Notice Regarding Transfer of Assets to Tosei REIT Investment Corporation (PDF:115.9 KB)

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.

[Translation] December 15, 2021

To whom it may concern

4-5-4 Shibaura, Minato-ku, Tokyo Tosei Corporation President and CEO: Seiichiro Yamaguchi

Securities code: 8923 (Tokyo Stock Exchange, First Section) Securities code: S2D (Singapore Exchange, Main Board)

Contact: Noboru Hirano, Director and CFO TEL: [phone]

Notice Regarding Transfer of Assets to Tosei REIT Investment Corporation

Tosei Corporation (the "Company") hereby announces that it decided to transfer inventory assets to Tosei REIT Investment Corporation.

1. Details of assets to be transferred (Assets transferred from the Company and Tosei Group companies)

					Planned
	Assets to be transferred	Zoning	Location	Tansfer	transfer
	（inventories）	source	amount
					( million)
(1)	Hon-Atsugi Tosei Building Ⅱ	Office	Atsugi-shi, Kanagawa		1,115
(2)	Chiba-Chūō Tosei Building	Office	Chiba-shi, Chiba		833
(3)	T's garden Koshigaya-Ōbukuro	Residential	Koshigaya-shi, Saitama	Tosei	804
(4)	T's garden Kajigaya	Residential	Kawasaki-shi, Kanagawa		790
(5)	T's garden Tsuzuki-Fureainooka	Residential	Yokohama-shi, Kanagawa		660
(6)	Cerulean City	Residential	Higashikurume-shi, Tokyo	TRI*	1,060
(7)	Green Star Heights	Residential	Arakawa-ku, Tokyo	TC*	620
			Total		5,882

• TRI; Tosei Revival Investment Co., Ltd. (100% Subsidiary of the Company)
• TC; Tosei Community Co., Ltd. (100% Subsidiary of the Company)

2. Summary of buyer of assets

	Name	Tosei REIT Investment Corporation
	Address of head office	4-5-4 Shibaura, Minato-ku, Tokyo
	Representative	Executive Officer Takayoshi Kitajima
3. Timeframe of transfer
	Contract date	December 15, 2021
	Transfer date	December 24, 2021 (scheduled)

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. Impact on earnings forecasts

The impact of this asset transfer will be reflected in the business forecast for the fiscal year ending November 30, 2022 to be announced on January 12, 2022.

End