Changes in occupancy rate

（％）

Use	Name	26th FP (Mar. 31, 2015)	27th FP (Sep. 30, 2015)	28th FP (Mar. 31, 2016)	29th FP (Sep. 30, 2016)	30th FP (Mar. 31, 2017)
Office
	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)	91.4 (90.8)	60.6 (60.0)	66.1 (65.5)	96.7 (94.8)	99.9 (98.1)
	Kamiyacho Trust Tower	－	－	－	－	－
	Akasaka-mitsuke MT Building	－	－	－	－	－
	Ginza MTR Building	99.9	－	－	－	－
	Mita MT Building	－	－	－	－	－
	Osaki MT Building (Note 2)	100.0 (98.6)	100.0 （100.0）	100.0 (98.2)	100.0 (96.7)	100.0 (92.7)
Osaka Marubeni Building	93.0	－	－	－	－
Midosuji MTR Building (Note 3)	－	100.0 (90.2)	100.0 (92.9)	100.0 (96.7)	100.0 (95.0)
Hiroo MTR Building	－	－	－	－	－
Tenjin Prime (Note 4)	98.6	100.0	100.0	94.6	100.0
Shin-Yokohama TECH Building	90.5	90.5	90.5	97.8	98.8
Subtotal		97.5 (97.2)	94.4 (93.3)	95.1 (94.1)	99.3 (98.5)	99.9 (98.8)
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	100.0	100.0	100.0	100.0	100.0
	Ito-Yokado Shonandai	100.0	100.0	100.0	100.0	100.0
	Hashimoto MTR Building	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	96.7	92.7	93.5	100.0
Subtotal		100.0	99.8	99.6	99.6	100.0
Total		98.9 (98.8)	97.6 (97.3)	97.9 (97.5)	99.6 (99.3)	99.9 (99.5)

(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 Hiroo MTR Building, 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.