Message from the Management

Chairman, Representative Director Saburo Nishiura President, Representative Director Manabu Yoshidome

Thank you for accessing the website of Hulic Co., Ltd.

For more than half a century, we at Hulic have operated a real estate business centered on a portfolio of numerous offices in central Tokyo. With the solid advantage of a strong business foundation built on prime locations, Hulic has shown resilience in the face of market trends: following the setbacks of the Lehman crisis and the Great East Japan Earthquake, we bounced back with continued growth and steady improvement in income and dividends. In our results for fiscal 2016, we posted the best performance since our stock exchange listing in all major income items-operating income, ordinary income, and profit attributable to owners- on the back of an increase in rent revenue from new acquired properties such as Grand Nikko Tokyo Daiba (land) and an increase in properties sales revenue.

Based on our new three-year medium-term management plan (2016-2018) that commenced in 2016, we will continue to develop leasing business by "Driving innovation and accelerating progress," strengthen new business domains and bolster our business foundation.

Going forward, our employees and officers will remain united in our efforts to keep contributing to society as a progressive business enterprise that cultivates good relations with all stakeholder groups. In these activities, we look forward to enjoying the consistent support of our shareholders and other stakeholders.

Saburo Nishiura

Chairman, Representative Director

Manabu Yoshidome

President, Representative Director

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