20.(5) Real Estate Department

Japanese name: Tozan Estate Department

Brazilian name: Sesson des Inmorbeis Tozan

Our company has already acquired and held a huge amount of real estate for the purpose of managing and selling land and buildings in important cities such as Sao Paulo and Santos, as well as major urban areas in the hinterland. Currently, all administrative affairs are handled by the Commercial Department. The office and warehouse of the Santos branch have been acquired and owned by our company, and the warehouse house is being used to manage the warehouse business as a joint operation of the Coffee Commissario business, and is achieving good results.