Accounting for 55% of consolidated revenues, the Office Building Business is the Jowa Group's core business. Its operations are focused on leasing Jowa Group-owned office buildings in prime locations, mainly in central Tokyo and government-designated cities. It is most notably distinguished by a tenant roster that includes many major financial institutions and nonfinancial companies listed on the Tokyo Stock Exchange. Based on solid relationships of trust with its tenants, the Office Building Business supports the Jowa Group's stable, long-term earnings power.

(All percentages are based on fiscal 2010 data)

The Hotel Business directly operates eight hotels with a total of 1,544 rooms in carefully selected locations in central Tokyo and other major cities' central districts. Specifically, it operates the seven-property Hotel Unizo chain of upscale business hotels and Hotel Querega Tenjin. The Hotel Unizo properties are in prime locations in Tokyo (Shimbashi, Shibuya, Kanda, and Asakusa), Kyoto, Osaka (Yodoyabashi), and Hiroshima. With an average occupancy rate of around 80%, well above the industry average of 65% (per Japan City Hotel Association survey data), the Hotel Business has a high operating gross margin.

(All numbers are fiscal 2010 data)