ESG Data

Environment

GHG (CO2) Emissions

Targets (FY2022 -)

Long-Term Target: Achieve net zero by FY2050
Medium-Term Target: Reduce 50% by FY2030
Subject: Tosei Group Scope 1 and 2
Base Year: FY2022

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Item [Unit]		FY2022 Results (Base year)	FY2030 Target (Target year)	FY2021 Results	FY2022 Results	FY2023 Results
GHG (CO2) emissions [t-CO2]	Scope 1	480	-	197	480	584
	Scope 2	3,289	-	1,696	3,289	2,714
	Scope 1+ Scope 2 Total	3,769	1,885	1,893	3,769	3,297
Reduction rate compared to base year (Scope 1+Scope 2 Total)		-	-50%	-	-	-13%
Total floor area of the subject [㎡]		61,561	-	49,112	61,561	73,722

*

The indicators marked are guaranteed by an independent third party, Sustainability Accounting Co.,Ltd.
The warranty report :FY2023 / FY2022
*

For FY2021 calculation, the Princess Group, which became a consolidated subsidiary in October 2021, is not included.
*

The Group excludes GHGs (CFCs, etc.) other than CO2 due to their extremely small amounts, and calculates and reports only CO2.
*

The GHG emission factor is based on the "Emission Factor by Electric Power Company" published by Ministry of the Environment and Ministry of Economy, Trade and Industry, and uses the emission factor of the electric power company used by the subject building.
*

As of November 30, 2023

Renewable Energy Introduction

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Item [Unit]	FY2022	FY2023
Renewable energy use [Mwh]	0	1,312
Renewable energy ratio [%]	0	18

*

Renewable energy ratio: percentage of electricity derived from renewable energy sources in total electricity consumption
*

As of November 30, 2023

Scope of Aggregation (GHG (CO2) Emissions / Renewable Energy Introduction)

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Item [Unit]	FY2020	FY2021	FY2022	FY2023
Number of target properties	8	11	28	30
Total floor area [㎡]	29,345	49,112	61,561	73,722

*

As of November 30, 2023

Energy Use

Target (FY2024 -)

Target: Reduce energy use intensity (Crude oil equivalent kl/㎡) by 1% from the previous year
Coverage: Tosei Group *

*

Real estate portfolio with substantial energy management title among Tosei-owned fixed assets

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Item [Unit]		FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Energy use	Total amount [1,000GJ]	126	137	132	146	175	177
Energy use	Energy use intensity [GJ/㎡]	1.78	1.46	1.41	1.23	1.25	1.26
Reduction rate compared to base year (Energy use intensity)		-	-18%	-21%	-31%	-30%	-29%
Total floor area of the coverage [㎡]		70,664	93,957	93,957	117,982	140,002	141,306

*

The coverage is Tosei-owned fixed assets. This excludes those with an energy monitoring period of less than one year, condominium unit ownership properties, and real estate for sale.
*

Occupancy rate is not taken into account in the calculation of floor area intensity.
*

The base year shown in this table is the base year in the old target through FY2023 (FY2018) . There is no base year in the current target.
*

As of November 30, 2023

Water Use

Target (FY2024 -)

Target: Reduce water use intensity (㎥/㎡) from the previous year
Coverage: Tosei Group *

*

Real estate portfolio with substantial energy management title among Tosei-owned fixed assets

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Item [Unit]		FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Water withdrawal	Total amount [㎥]	87,889	97,198	70,436	83,161	144,712	174,179
	Fresh surface water [㎥]	0	0	0	0	0	0
	Brackish surface water/sea water [㎥]	0	0	0	0	0	0
	Underground water [㎥]	0	0	0	0	0	0
	Tap water [㎥]	87,889	97,198	70,436	83,161	144,712	174,179
	Water withdrawal intensity [㎥/㎡]	1.35	1.23	0.79	0.74	1.05	1.23
Reduction rate compared to base year (Water withdrawal intensity)		-	-9%	-41%	-45%	-22%	-9%
Wastewater	Total amount [㎥]	-	-	67,674	79,859	141,218	170,256
	Fresh surface water [㎥]	-	-	-	0	0	0
	Brackish surface water/sea water [㎥]	-	-	-	0	0	0
	Underground water [㎥]	-	-	-	0	0	0
	Sewage [㎥]	-	-	67,674	79,859	141,218	170,256
	Wastewater intensity [㎥/㎡]	-	-	0.76	0.71	1.03	1.20
Total floor area of the coverage [㎡]		65,304	79,079	88,597	112,622	137,499	141,306

*

Wastewater discharge has been monitored since FY2021.
*

The coverage is Tosei-owned fixed assets. This excludes those with an energy monitoring period of less than one year, condominium unit ownership properties, and real estate for sale.
*

Occupancy rate is not taken into account in the calculation of floor area intensity.
*

The base year shown in this table is the base year in the old target through FY2023 (FY2018) . There is no base year in the current target.
*

As of November 30, 2023

Waste Discharge

Targets (FY2024 -)

Long-Term Target: Reduce waste discharge intensity (kg/㎡) by 15% by FY2050
Medium-Term Target: Reduce waste discharge intensity (kg/㎡) by 5% by FY2030
Coverage: Tosei Group's head office buildings
Base Year: FY2022

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Item [Unit]		FY2022 Results (Base year)	FY2030 Target (Target year)	FY2050 Target (Target year)	FY2018 Results	FY2019 Results	FY2020 Results	FY2021 Results	FY2022 Results	FY2023 Results
Waste discharge	Total amount [t]	126	-	-	60	67	71	100	126	121
	Incineration/landfill [t]	87	-	-	22	23	33	49	87	84
	Recycle [t]	39	-	-	38	44	38	51	39	37
	Waste discharge intensity [kg/㎡]	8.27	7.86	7.03	13.27	14.84	15.70	8.37	8.27	7.95
Reduction rate compared to base year (Waste discharge intensity)		-	-5%	-15%	-	-	-	-	-	-4%
Total floor area of the coverage [㎡]		15,249	-	-	4,515	4,515	4,515	11,986	15,249	15,249

*

Occupancy rate is not taken into account in the calculation of floor area intensity.
*

As of November 30, 2023

Hazardous Substance Discharge

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Item [Unit]	FY2020	FY2021	FY2022	FY2023
PCB waste [t]	0.76	0	0	0
Nitrogen oxide (NOX) [g/㎥]	-	0.086	0.100	0.101

*

Coverage: Tosei Corporation
*

As of November 30, 2023

Environmental Real Estate Certifications

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Item [Unit]	FY2020	FY2021	FY2022	FY2023	FY2024
Newly certified properties total floor space [㎡]	3,276	1,583	21,805	15,307	2,851
Cumulative number of certified properties	2	3	5	8	10
Cumulative total floor area of certified properties [㎡]	7,791	9,374	31,178	46,486	49,337
Percentage of certification progress	10%	10%	29%	40%	42%

*

The certification progress rate refers to the percentage of the total floor area of properties that have acquired "BELS (Building Energy Efficiency and Leasing System)" or "DBJ Green Building Certification".
*

The certification progress rate is calculated based on the total floor area excluding properties that cannot be certified due to reasons such as planned sale, condominium ownership, or lack of management authority.
*

As of April 5, 2024

Environmental Violations and Fines

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Item [Unit]	FY2021	FY2022	FY2023
Costs of fines and penalties related to violations of environmental laws and regulations (including water-related) and accidents	0	0	0

Social

Employee Data

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Item [Unit]			FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Number of employees		Male	294	314	345	411	430	201 (474)
		Female	137	143	164	227	233	67 (253)
		Total	431	457	509	638	663	268 (727)
Percentage of employees [%]		Male	68	69	68	64	65	75 (65)
Percentage of employees [%]		Female	32	31	32	36	35	25 (35)
Employees by age group	20s	Male	50	56	70	84	96	55 (101)
		Female	32	30	47	64	64	22 (64)
		Total	82	86	117	148	160	77 (165)
	30s	Male	89	103	98	125	115	54 (129)
		Female	50	54	50	81	92	17 (102)
		Total	139	157	148	206	207	71 (231)
	40s	Male	110	101	111	124	119	44 (124)
		Female	42	41	50	66	61	20 (64)
		Total	152	142	161	190	180	64 (188)
	50s	Male	40	53	58	67	84	33 (103)
		Female	11	13	15	13	13	7 (22)
		Total	51	66	73	80	97	40 (125)
	60s and over	Male	5	4	8	11	16	15 (17)
		Female	2	2	2	3	3	1 (1)
		Total	7	6	10	14	19	16 (18)
Number of managers		Male	101	104	101	124	136	63 (156)
		Female	6	5	8	13	14	4 (12)
		Total	107	109	109	137	150	67 (168)
Percentage of managers [%]		Male	95	95	92	90	91	94 (93)
Percentage of managers [%]		Female	5	5	8	10	9	6 (7)
Number of female directors			0	0	0	2	1	0 (1)

*

Figures from FY2018 to FY2022 are for the Tosei Group as a whole. Figures from FY2023 are for Tosei Corporation on a non-consolidated basis. Figures in ( ) are for the Tosei Group as a whole.

Coverage of the Tosei Group as a whole: Tosei Corporation, Tosei Asset Advisors, Inc., Tosei Community Co., Ltd., Tosei Logistics Management Co., Ltd., Tosei Hotel Management Co., Ltd., Tosei Hotel Service Co., Ltd., Princess Square Co., Ltd., Kishino Coporation, Masuda Kenzai-ten Co., Ltd., Isogo Asset Management Co., Ltd., Shibaura Residential Co., Ltd., TOSEI-R, Inc.

Employment Data

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Item [Unit]			FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Number of new graduate hires		Male	7	7	7	10	10	14
		Female	5	3	3	3	5	6
		Total	12	10	10	13	15	20
Number of mid-career hires		Male	21	19	13	15	30	29
		Female	3	3	7	11	13	5
		Total	24	22	20	26	43	34
Number of non-regular hires		Male	2	2	3	2	0	18
		Female	7	8	16	7	6	4
		Total	9	10	19	9	6	22
Percentage of employees with disabilities [%]			0.36	0.35	1.64	1.33	1.63	2.24 (1.10)
Average number of years of service		Male	4.9	5.3	5.4	5.0	5.2	5.3
		Female	6.7	7.0	6.4	6.5	5.6	6.2
		Whole	5.5	5.8	5.7	5.4	5.5	5.6
Gender wage gap [%] 1 2	All employee		-	-	-	-	69.0	69.5 (67.9)
	Regular employee *3	Whole	-	-	-	-	68.5	70.5 (67.6)
		Management	-	-	-	-	82.5	85.1 (82.4)
		General	-	-	-	-	82.0	85.0 (80.4)
	Fixed-term employee *4		-	-	-	-	86.2	52.7 (74.6)
Number of employees who left for personal reasons			15	18	20	14	24	20 (104)
Turnover rate for personal reasons [%]			7.6	8.2	9.1	8.6	9.3	8.4 (15.5)

Coverage: Tosei Corporation. Figures in ( ) are for the Tosei Group as a whole.

*1

Percentage of women's wages to men's wages of 100 in the average annual wage
*2

Wages: Includes fixed salary, remuneration for overtime, bonuses, etc., and excludes retirement allowance, commuting allowance, etc.
*3

Regular Employee: Excluding seconded employees
*4

Fixed-term Employee: Excluding temporary employees

Leaves and Diverse Workstyle Data

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Item [Unit]		FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Overtime working hours (Average per employee)		32:01	29:03	25:55	26:29	24:45	24:18
Percentage of paid leave used [%]		44.4	65.1	60.3	65.4	68.3	66.1
Number of employees who used childcare leave	Male	0	0	0	1	4	3
	Female	3	3	3	3	4	0
	Total	3	3	3	4	8	3
Acquisition rate of childcare leave [%]	Male	0	0	0	7	40	43
Acquisition rate of childcare leave [%]	Female	100	100	100	100	100	0
Percentage of employees who returned to work after childcare leave [%]	Male	0	0	0	100	100	100
	Female	100	100	100	100	100	100
Number of employees who used nursing care leave	Male	0	0	0	0	0	1
	Female	0	0	0	0	0	0
	Total	0	0	0	0	0	1
Number of employees working short-time	Male	0	0	0	0	0	1
	Female	3	6	4	6	6	9
	Total	3	6	4	6	6	10

Coverage: Tosei Corporation

Health and Safety Data

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Item [Unit]	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Number of labor standards violations	1	0	0	2	0	0
Absentee rate [%]	0.20	0.15	0.04	0.10	0.33	0.22
Percentage of employees who had health checkups [%]	100	100	100	100	100	100
Percentage of employees who had stress check [%]	100	100	100	100	100	100
Number of occupational accidents	0	0	0	1	0	0
Number of fatal disasters	0	0	0	0	0	0 (0)
Lost-time incident rate [%]	0	0	0	0	0	0 (0)
Injury rate [%]	0	0	0	0.50	0	0
Lost day incident rate [%]	0	0	0	0	0	0
Lost-time injury frequency rate [%]	0	0	0	0	0	0
Number of employees trained in health and safety	-	-	-	48	66	88

Coverage: Tosei Corporation. Figures in ( ) are for the Tosei Group as a whole.

Formula for calculating the lost-time incident rate [%]: Number of lost time incidents / (annual prescribed working hours x number of employees*) x 1,000,000

*

Coverage: Tosei Corporation. Figures in ( ) are for the Tosei Group as a whole.

Human Resource Management Data

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Item [Unit]	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Number of empoyees who newly acquired qualifications *1	14	13	14	19	28	23
Number of students hosted for internships *2	26	145	72	30	90	49
Total annual company-wide training hours	-	-	-	5,403.5	15,743.2	12,186.2
Annual training hours per employee	-	-	-	25.1	64.5	45.5
Annual training days per employee	-	-	-	3.14	8.07	5.68
Total annual training expenses for the entire company [¥ thousand]	-	-	-	4,367	6,400	7,706

Coverage: Tosei Corporation

*1

Number of employees who acquired encouraged qualifications
*2

Includes seminar-type 1-day internship

Participation in Tokyo "Sato-Umi" Aid in Nishinagisa

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Item [Unit]	FY2022	FY2023
Number of participants	39	46
Garbage collected [ℓ]	300	180

Participation in Minato City Adopt-A-Program

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Item [Unit]	FY2022	FY2023
Activity frequency [times]	2	11
Number of participants	18	119
Garbage collected [ℓ]	62	192

Donations and Contributions Data

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Item [Unit]	FY2020	FY2021	FY2022	FY2023
Total amount of donations and contributions [¥]	2,000,000	1,448,000	2,519,864	2,694,733

Supplier Questionnaire *1

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Item [Unit]	FY2021	FY2022	FY2023	FY2024
Number of implementation [companies] *2	11	9	10	4
Supplier coverage ratio (order value basis) [%] *3	88	92	84	84

*1

Questionnaire for important business partners whose annual order value for target transactions exceeds a certain level to confirm their status of respect for human rights, such as occupational health and safety, prohibition of child labor, forced labor and harassment, including compliance with laws and regulations, environmental considerations, and risk management initiatives.
*2

Contractors for renovation, demolition, development work, PM, BM, etc., which have not been surveyed in the past three years are selected each year.
*3

Companies with annual transaction value of 100 million yen or more are selected in FY2021 and FY2022, and 50 million yen or more are selected in FY2023 and thereafter.

Tenant Survey *1

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Item [Unit]	FY2021	FY2022	FY2023
Number of implementation [companies]	52	54	77

*1

Questionnaire to all tenants occupying fixed assets owned by the Company to confirm their level of satisfaction with the building management system, facilities, etc.

Quality Improvement Conference *1

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Item	FY2023	FY2024
Number of participating companies	51 participants from 29 business partners	54 participants from 31 business partners

*1

Group training sessions organized by Tosei Community Co., Ltd. for suppliers to improve the quality of operations

Governance

Composition of the Board of Directors

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Item [Unit]		FY2021	FY2022	FY2023
Number of directors	Male	9	9	9
	Female	0	0	0
	Total	9	9	9
Of which, number of outside directors	Total	3	3	3
Of which, number of independent directors	Total	3	3	3

Coverage: Tosei Corporation

Composition of the Audit & Supervisory Board

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Item [Unit]	FY2021	FY2022	FY2023
Number of auditors	4	4	4
Of which, number of outside auditors	4	4	4
Of which, number of independent auditors	4	4	4

Coverage: Tosei Corporation

Attendance at Meetings of the Board of Directors, Nominating and Compensation Advisory Committee, and Audit & Supervisory Board (FY2023)

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Name	Position	Board of Directors Meetings (Attendance/Number of meetings)	Nominating and Compensation Advisory Committee (Attendance/Number of meetings)	Audit & Supervisory Board (Attendance/Number of meetings)
Seiichiro Yamaguchi	President and CEO	22/22	2/2	-
Noboru Hirano	CFO and Senior Executive Officer	22/22	2/2	-
Hideki Nakanishi	Director, COO and Senior Executive Officer	22/22	-	-
Masaaki Watanabe	Director, Managing Executive Officer	22/22	-	-
Shunsuke Yamaguchi	Director, Executive Officer	22/22	-	-
Hitoshi Oshima	Director, Executive Officer	22/22	-	-
Kenichi Shohtoku	Outside Director	22/22	2/2	-
Hiroyuki Kobayashi	Outside Director	20/22	2/2	-
Masao Yamanaka	Outside Director	19/22	2/2	-
Hitoshi Yagi	Outside Audit & Supervisory Board Member (full-time)	22/22	2/2	16/16
Toshinori Kuroda	Outside Audit & Supervisory Board Member (full-time)	22/22	-	16/16
Tatsuki Nagano	Outside Audit & Supervisory Board Member (part-time)	21/22	-	16/16
Osamu Doi	Outside Audit & Supervisory Board Member (part-time)	21/22	-	16/16

Amount of Remuneration for Executive Officers (FY2023)

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Position	Total amount of remuneration,etc. [¥ thousand]	Total amount by type of remuneration, etc. [¥ thousand]				Number of recipients [Person]
		Basic remuneration	Performance-linked remuneration		Non-monetary remuneration, etc.
		Basic remuneration	Performance evaluation remuneration	Bonus	Stock Options
Directors (of which outside directors)	312,964 (21,000)	176,353 (21,000)	51,784 (-)	84,826 (-)	- (-)	9 (3)
Audit & supervisory board members (of which outside audit & supervisory board members)	33,960 (33,960)	33,960 (33,960)	- (-)	- (-)	- (-)	4 (4)

Compliance Data

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Item [Unit]		FY2021	FY2022	FY2023
Number of whistleblowing cases	Total	2	4	5
	Number of whistleblowing cases which lead to violation of laws/ regulations covered by Whistleblower Protection Act	0	0	0
	Others	2	4	5
Number of compliance violations related to the Company's business		0	0	0
Number of violations of laws or regulations related to corruption or bribery		0	0	0
Number of employees punished or dismissed by the rules and regulations or codes related to corrupt prevention		0	0	0
Fines or penalties related to corruption or bribery [¥]		0	0	0
Political contribution [¥ thousand]		720	960	680
Material provisions for fines or settlements related to ESG issues likely to arise in the future [¥]		0	0	0

Coverage: Tosei Group as a whole