Section 6. Toward Our 100th Anniversary and Beyond

Acquiring large office buildings in downtown Tokyo was a priority item under Design 100 Project Phase II, the medium-term management plan established in April 2018, and on that basis, Daibiru moved to acquire new investment properties in Tokyo. This move was a result of Daibiru becoming a full subsidiary of Mitsui O.S.K. Lines through a takeover bid, which enabled the company to make quicker and more appropriate decisions on investments than ever before.

One such property was Otemachi First Square, a building situated in the “Daimaruyu” area comprised of the Tokyo neighborhoods of Otemachi, Marunouchi, and Yurakucho—the most prestigious business district in Japan. The property is connected directly to Otemachi Station, which provides access to five Tokyo Metro lines. The location offers excellent access not only to other parts of Tokyo but also to national and international destinations via Tokyo Station. This was Daibiru’s first property in the Daimaruyu area.

For Otemachi First Square, Daibiru acquired trust beneficiary rights consisting of a portion of the property’s equity that amounted to approximately 9.9% of the land and 9.1% of the building.

Note: The equity acquisition is divided into five portions, with the first transfer to take place in December 2022 and the remaining ones to be completed by October 2024.