Twenty-one consolidated companies are as follows
Hills Club, Inc.; Mori Hospitality Corporation; Mori Building Investment Management Co., Ltd.; Mori Urban Planning Corporation; VenusFort, Inc.; M&I ART CO., LTD.; Shishido Golf Club Co., Ltd.; Roppongi Energy Service Co., Ltd.; ARK Hills Heating & Cooling Supply Co., Ltd.; eHills Corporation; Shanghai World Financial Center Co., Ltd.; Shanghai Senmao International Real Estate Co., Ltd.; Dalian Senmao Building Co., Ltd. et al.
Two equity method affiliated companies are as follows
Prime Stage Co., Ltd.; Mori Hills REIT Investment Corporation
Mori Building Co., Ltd. is rated A-/Stable on senior debt by Japan Credit Rating Agency, Ltd. as of February 24, 2009.



