Company Profile For Joint Corporation

JOINT CORPORATION is a Japan-based real estate property trader. The Company operates in five business segments. The Real Estate Liquidation segment is involved in the planning and development of apartments and commercial facilities, the improvement and sale of secondhand real estate to investors, as well as the operation of funds. The Real Estate Allotment Sale segment is engaged in the planning, development and sale of apartments and houses. The Real Estate Leasing segment in engaged in the brokerage and management of real estate leasing. The Real Estate Management segment is involved in the maintenance and management of real estates. The Others segment is engaged in the businesses related to building construction, hotel management and others. Ｔhe Company has 50 subsidiaries, six associated companies and one affiliated company. On April 30, 2009, the Company sold a Tokyo-based subsidiary。

BRIEF: For the fiscal year ended 31 March 2009, JOINT CORPORATION's revenues decreased 36% to Y119.58B. The Company's net loss totaled Y64.56B, vs. an income of Y9.11B. Revenues reflect lower sales from real estate liquidation and other segments. Net loss also suffers from higher percentage of cost of sales and SG&A expenses, the presence of Y2.22B losses on valuation of investment in securities and Y135M impairment losses.