Consolidated Subsidiaries

As of March 1, 2025

Tosei Asset Advisors, Inc.

Fields of business

Investment management business

Representative

Yoshiyuki Tsukada

HP

Tosei Community Co., Ltd.

Fields of business

Property Management Business

Representative

Shiro Nakano

Tosei Logistics Management Co., Ltd.

Fields of business

Logistics Consulting Business

Representative

Noboru Hirano

Tosei Hotel Management Co., Ltd.

Fields of business

Hotel business planning, operation, and management

Representative

Motokazu Hiyama

Tosei Hotel Service Co., Ltd.

Fields of business

Hotel and Restaurant business management and operation

Representative

Masanori Ogawa

Princess Square Co., Ltd.

Fields of business

Real estate rental, management, trading, and brokerage businesses

Representative

Yasushi Iwase

Tosei Singapore Pte. Ltd.

Fields of business

Consultancy Service Relating to Real Estate

Managing Director

Hiroyasu Yoneda