Company Profile For Sumitomo Realty & Development Co.,Ltd.

Sumitomo Realty & Development Co., Ltd. is a Japan-based real estate company. The Company operates in five business segments. The Real Estate Leasing segment is engaged in the leasing and management of office buildings and condominiums. This segment also subleases propertied leased from special purpose companies (SPCs). The Real Estate Sales segment is engaged in the sale of condominiums, buildings, detached houses, housing land and other properties. This segment also provides real estate maintenance services. The Completed Work segment is engaged in the construction and renovation of detached houses and condominiums. The Real Estate Distribution segment is involved in the provision of real estate brokerage and housing sales agent services. The Others segment is engaged in the operation of fitness clubs and restaurants, as well as the finance business. The Company has 24 consolidated subsidiaries.

BRIEF: For the six months ended 30 September 2009, Sumitomo Realty & Development Co., Ltd.'s revenues increased 5% to Y329.85B. The Company's net income increased 43% to Y32.87B. Revenues reflect higher sales volume from the real estate sale business. Net income also benefits from a lower percentage of selling, general and administrative expense, as well as the absence of Y13.77B loss on valuation of inventories.