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Changes in occupancy rate and asset size

(%)
Use Area 31st FP
(Sep. 30, 2017)
32nd FP
(Mar. 31, 2018)
33rd FP
(Sep. 30, 2018)
34th FP
(Mar. 31, 2019)
35th FP
(Sep. 30, 2019)
Office
buildings
Tokyo Shiodome Building 100.0 100.0 100.0 100.0 100.0
Hitachi Headquarters Building
ON Building 100.0 100.0 100.0 100.0 100.0
Kioicho Building (Note 1) 99.9
(98.1)
99.9
(98.7)
99.9
(99.9)
99.9
(99.9)
99.9
(98.5)
Kamiyacho Trust Tower
Akasaka-mitsuke MT Building
Ginza MTR Building
Mita MT Building
Osaki MT Building (Note 2) 100.0
(92.7)
100.0
(92.7)
100.0
(100.0)
100.0
(91.8)
100.0
(91.8)
Osaka Marubeni Building
Midosuji MTR Building (Note 3) 100.0
(95.5)
100.0
(100.0)
100.0
(96.4)
100.0
(100.0)
100.0
(100.0)
Hiroo MTR Building (Note 4) 99.5 84.2 100.0 100.0
Tenjin Prime (Note 4) 100.0 100.0 89.1 100.0 100.0
Shin-Yokohama TECH Building 92.6 95.7 98.7 98.7 100.0
Subtotal 99.3
(98.2)
99.6
(98.9)
99.2
(98.9)
99.9
(98.3)
99.9
(99.2)
Retail
facilities
SHIBUYA FLAG (Note 4) 100.0 100.0 100.0 100.0 100.0
Shinbashi Ekimae MTR Building 100.0 100.0 100.0 100.0 100.0
Ito-Yokado Shin-Urayasu
Ito-Yokado Shonandai 100.0 100.0 100.0 100.0 100.0
Kohnan Sagamihara-Nishihashimoto 100.0 100.0 100.0 100.0 100.0
Frespo Inage 100.0 100.0 100.0 100.0 100.0
Subtotal 100.0 100.0 100.0 100.0 100.0
Other
Hotel Okura Kobe 100.0 100.0 100.0 100.0 100.0
Park Lane Plaza 100.0 96.8 100.0 100.0 95.9
Subtotal 100.0 99.8 100.0 100.0 99.8
Total 99.7
(99.2)
99.8
(99.5)
99.6
(99.5)
99.9
(99.7)
99.9
(99.6)
(Note 1) For the office section, MTR leases the building portion of the Kioicho Building from a fiduciary trust company under a master lease agreement, and subleases it to tenants. For the residential section, MTR enters into a pass-through master lease agreement. The occupancy rate in the table above is based on the sublease agreement for the office section and those based on the master lease agreement for the residential section. The figure in brackets for the occupancy rate of this building is the occupancy rate based on the sublease agreement for the office and the residential sections.
(Note 2) A master lease agreement under which rent income is linked to rents under the sublease agreements has been concluded for Osaki MT Building, and the figures in brackets for the occupancy rates of these buildings are the occupancy rates based on sublease agreements.
(Note 3) The agreement used for the Midosuji MTR Building is the master lease pass-through model, and the occupancy rate in brackets for the building is that based on the sublease agreement.
(Note 4) MTR leases the land and building of Tenjin Prime and SHIBUYA FLAG from a fiduciary trust company under a master lease agreement and subleases it to tenants. The occupancy rate of the properties above is anoccupancy rate under the sublease agreements.
(Note 5) The figures in brackets in the subtotal and total occupancy rates sections are the occupancy rates obtained when occupancy rates for properties (or portions of properties) subject to master lease agreements or pass-through master lease agreements under which rent income is linked to rents under sublease agreements are calculated based on occupancy rates under the sublease agreements.