Urbanet Corporation Co.,Ltd. Announces Consolidated Earnings Forecast for the Fiscal Year Ending June 30, 2022

Urbanet Corporation Co Ltd is a Japan-based company mainly engaged in the real estate business and hotel business. The Company operates its business through two business segments. The Real Estate segment is engaged in businesses related to real estate development and sales, real estate purchase and sales, real estate brokerage, real estate rental business and others. In principle, the development area focuses on Tokyo's 23 wards, where real estate prices are relatively stable, and within a 10-minute walk from stations. The customers for the investment studio apartments, which are the core of the business, are mainly wholesalers to studio sales companies, as well as general corporations, domestic and foreign investors, and high-net-worth individuals in Japan who are looking to prepare for inheritance tax. The Hotel segment is engaged in businesses related to hotel management, among others.