Tosei Corporation (“Tosei”) operates a full range of real estate-related businesses in the Greater Tokyo area. Its operations broadly break down into businesses focused on one-off deals, which the company refers to as “trading businesses,” and recurring revenue businesses, which it calls “stable businesses.” By reportable segment, Revitalization and Development fall under the trading businesses . In the Revitalization business, Tosei acquires properties whose asset value has declined and resells them to domestic and overseas investors, general corporations, and individuals, after enhancing their asset value. The company’s stable businesses include the Fund and Consulting, Rental, Property Management, and Hotel businesses.