The powerhouse of the Group's overseas operations is its condominium business in China, which has recorded stable earnings for many years.
The Daiwa House brand is being firmly established as a presence not just through the quality of the buildings themselves, but by providing the distinctive excellence of Japan, which includes our services. Leveraging the expertise long-cultivated around Shanghai in the Yangtze Delta region, we are advancing our condominium business that offers uncompromising quality, from development to management.
In South Korea, Daiwa House Realty Mgt. opened the Group's first business hotel. It offers guest rooms and services comparable with those in Japan to contribute to economic activity in the region. In Taiwan, we will open up further prospects by working with business partners to develop hotels and condominiums.
We provide a one-stop service from selection of the best sites through development (marketing, design, management of the construction process) to after-sales service. This is what our brand name is known for. We offer all our customers, for all properties, the Japanese level of quality that they seek.
The total number of condominiums, villas, SOHO, and hotels developed by the Group in China amounted to approximately 9,000 as of December 2025. We are steadily building a track record in areas with stable economic growth and high demand for residential housing.
We supply Grace Residence and other condominiums mainly in the province of Jiangsu, including He Feng Ya Xin in Suzhou and Jiu Yue Hua Yuan in Changzhou. We are also engaged in post-delivery services and management. We will continue to build our business to address society's need for high-quality residential environments.
