GRO-BELS Co., Ltd. is mainly engaged in the sale of condominiums. The Company operates in two business segments. The Real Estate Sales segment is engaged in the sale of condominiums to general customers in the Tokyo metropolitan area, as well as the sale of residential land and one building. The Others segment is engaged in the leasing business of rental condominiums owned by the Company to general customers in the Tokyo metropolitan area and the Kinki area. As of March 31, 2012, the Company had one subsidiary. On November 30, 2012, the Company fully acquired a Japan-based company.