1. About Leopalace21

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Decrease in occupancy rates and rent, as well as stringent loan screening caused by the Lehman Collapse led to a decrease in apartment construction, and Leopalace21 reported operating losses for two consecutive years. However, structural reform measures such as leasing cost cuts were implemented in order to target a stable earnings structure for the mid to long term.
Structural reforms were completed during the previous midterm management plan, and we are building the basis of our new growth business fields.

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