Introduction of JINUSHI REIT

In September 2016, we established JINUSHI Private REIT Investment Corporation (hereinafter, “JINUSHI REIT”).
This formed our JINUSHI BUSINESS into an integrated income model spanning from land procurement to sales and subsequent asset management.

What is JINUSHI REIT?

As the only private REIT specializing in fixed-term land leasing in Japan, we provide stable long-term management of the funds of institutional investors. We have established a reputation as a "stable landlord" from tenants who desire long-term and stable business operations.

AUM

326.6billion yen

(7 th／out of 60 stocks)

Properties

248properties

(1 st／out of 60 stocks)

Assets

Only leased land

(only fund of this type in Japan)

Number of investors

359companies

Distributions

Approx.

4%

Credit rating (JCR)

AA-

(stable)

*The figures are based on the assumption that JINUSHI REIT's 11th capital increase, scheduled for January 2027, will be implemented as planned (formal approval by JINUSHI REIT is scheduled for November 20, 2026). AUM (based on appraised values at the time of acquisition) and the number of properties are expected figures as of March 2027. The ranking is based on our research, using the total number of private REITs as of the end of September 2026. The number of investors is as of July 1, 2026.

Change in Asset Scale

*All figures in this graph are as of each year-end. (AUM is based on appraised values at the time of acquisition.) Figures for 2027 are projected figures as of the end of March 2027, assuming that JINUSHI REIT's 11th capital increase, scheduled for January 2027, will be implemented as planned (formal approval by JINUSHI REIT is scheduled for November 20, 2026).