Section 4. Further Strengthening of the Corporate Structure and Group Reorganization

5. Integration and Reorganization of Affiliate Companies

In October 2004, Daibiru became a consolidated subsidiary of Mitsui O.S.K. Lines. Later, in July 2007, the affiliated companies were integrated and reorganized with the aim of enhancing Group management through the use of a consolidated accounting system. In 2007, Daibiru acquired 51% of MOL Kosan Co., Ltd., which had been the real estate management company for the MOL Group, and made it a Daibiru subsidiary. Daibiru then sold 100% of its shares of Kansai Tatemono Kanri and ESCA Corporation and 49% of its shares of Daibiru Facility Management, Ltd. (formerly Osaka All Service) to MOL Kosan Co., Ltd. The goal of this reorganization was to expand the business operations of the Daibiru Group by maintaining and developing the facility management expertise that Daibiru had accumulated. This would enable the company to strengthen its sales capabilities with respect to building management, to streamline administrative department costs, and to train facility-related engineers. Daibiru eventually became a wholly owned subsidiary of Mitsui O.S.K. Lines in April 2022, and this was followed by MOL Kosan and Daibiru Facility Management becoming wholly owned subsidiaries of Daibiru in June 2023.