Tetsuyuki Morita

Misawa Homes Co., Ltd. engages in the construction and sale of industrialized housing and residential land. It manages the overall operations of its group companies in the areas of design, product development, procurement, production, construction, sales and after-sales services. Its operations include house and lot sales, land utilization, leasing management, facilities development, and research and development relating to housing. The company was founded in 1962 and is headquartered in Tokyo, Japan.

Hinokiya Group Co., Ltd. engages in the management of its group companies that are in the real estate business. It operates through the following business segments: Housing, Real Estate, Insulation, Remodeling, Nursing Care and Others. The Housing segment includes the custom housing contract, housing franchise, sale of detached home, sale and brokerage of land and rental housing contract. The Real Estate segment includes the acquisition, operation and sale of profitable properties and leasing real estates. The Insulation segment includes the development, manufacture and sale of foam insulation and home energy conservation-related materials. The Nursing Care segment operates elder care facilities and childcare centers. The Others segment provides rental houses, house remodeling, travel agency business, insurance agency business and consulting for real estate activities. The company was founded on October 13, 1988 and is headquartered in Tokyo, Japan.