| Assets | — | — |
| Current assets | — | — |
| Cash and deposits | 127,305a | 82,440a |
| Trade notes, accounts receivable and contract assets | 13,887a | 14,334a |
| Real estate for sale | 232,478a | 173,836a |
| Real estate for sale in process | 166,181a | 160,009a |
| Real estate for development | 100,339a | 81,069a |
| Other | 52,296a | 40,934a |
| Allowance for doubtful accounts | -23a | -93a |
| Total current assets | 692,464a | 552,531a |
| Non-current assets | — | — |
| Property, plant and equipment | — | — |
| Buildings and structures | 397,020a | 396,529a |
| Accumulated depreciation | -183,025a | -174,775a |
| Buildings and structures, net | 213,994a | 221,754a |
| Land | 529,506a | 537,397a |
| Construction in progress | 89,428a | 44,903a |
| Other | 31,920a | 31,198a |
| Accumulated depreciation | -21,284a | -20,291a |
| Other, net | 10,635a | 10,907a |
| Total property, plant and equipment | 843,535a | 814,963a |
| Intangible assets | — | — |
| Leasehold interests in land | 127,628a | 130,042a |
| Goodwill | 1,486a | 1,716a |
| Other | 2,509a | 887a |
| Total intangible assets | 131,624a | 132,646a |
| Investments and other assets | — | — |
| Investment securities | 153,814a | 128,701a |
| Investments in silent partnerships | 2,598a | 3,638a |
| Long-term loans receivable | 4,025a | 458a |
| Deferred tax assets | 2,327a | 2,001a |
| Leasehold and guarantee deposits | 20,671a | 21,469a |
| Retirement benefit asset | 1,561a | 1,151a |
| Other | 52,711a | 62,673a |
| Allowance for doubtful accounts | -55a | -100a |
| Total investments and other assets | 237,655a | 219,993a |
| Total non-current assets | 1,212,845a | 1,167,603a |
| Total assets | 1,905,309a | 1,720,134a |
| Liabilities | — | — |
| Current liabilities | — | — |
| Short-term borrowings | 56,754a | 52,047a |
| Commercial paper | 50,000a | 50,000a |
| Current portion of bonds payable | 10,000a | 10,000a |
| Accounts payable-other | 17,343a | 13,781a |
| Income taxes payable | 17,449a | 4,811a |
| Provision for warranties for completed construction | 8a | 11a |
| Provision for bonuses | 1,001a | 950a |
| Provision for bonuses for directors (and other officers) | 2a | 2a |
| Provision for environmental measures | 0a | 0a |
| Deposits received under real estate specified joint enterprise law | 11,300a | 0a |
| Other | 76,198a | 67,856a |
| Total current liabilities | 240,057a | 199,461a |
| Non-current liabilities | — | — |
| Bonds payable | 255,000a | 245,000a |
| Long-term borrowings | 715,223a | 630,520a |
| Deferred tax liabilities | 23,999a | 17,647a |
| Deferred tax liabilities for land revaluation | 27,274a | 27,274a |
| Provision for share-based remunerations for directors (and other officers) | 282a | 259a |
| Provision for retirement benefits for directors (and other officers) | 97a | 98a |
| Leasehold and guarantee deposits received | 77,764a | 78,088a |
| Retirement benefit liability | 14,104a | 13,023a |
| Deposits received under real estate specified joint enterprise law | 10,447a | 21,684a |
| Other | 33,022a | 30,236a |
| Total non-current liabilities | 1,157,216a | 1,063,834a |
| Total liabilities | 1,397,274a | 1,263,296a |
| Net assets | — | — |
| Shareholders’ equity | — | — |
| Share capital | 92,451a | 92,451a |
| Capital surplus | 66,262a | 66,539a |
| Retained earnings | 219,528a | 189,501a |
| Treasury shares | -421a | -443a |
| Total shareholders’ equity | 377,821a | 348,048a |
| Accumulated other comprehensive income | — | — |
| Valuation difference on available-for-sale securities | 71,526a | 50,332a |
| Revaluation reserve for land | 43,187a | 43,187a |
| Foreign currency translation adjustment | 5,011a | 4,604a |
| Remeasurements of defined benefit plans | -647a | -179a |
| Total accumulated other comprehensive income | 119,078a | 97,945a |
| Non-controlling interests | 11,135a | 10,843a |
| Total net assets | 508,035a | 465,838a |
| Total liabilities and net assets | 1,905,309a | 1,720,134a |