Taiheiyo Cement is actively expanding its use of real estate in an effort
to effectively utilize the own land across Japan. We are involved in leasing
land for office buildings, large commercial stores, leisure facilities,
distribution warehouses, and other structures as well as in developing
land for residential housing. The value derived from using real estate
is now more important than the value of mere ownership. The Real Estate
Business operates a diverse business encompassing the various companies
of the Taiheiyo Cement Group.

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