KACHIKAIHATSU CO. LTD. is a Japan-based company mainly engaged in real estate business and hotel business. The Company has two business segments. The Real Estate segment is engaged in the leasing, operation and trading of office buildings and condominiums, real estate development-related information collection, investigation, planning and analysis, construction, as well as the real estate liquidation and real estate management businesses. The Hotel segment is engaged in the management, consultant, operation and franchise business of hotels. As of March 31, 2013, the Company had nine subsidiaries.