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

291.1billion yen

(7 th／out of 61 stocks)

Properties

215properties

(1 st／out of 61 stocks)

Assets

Only leased land

(only fund of this type in Japan)

Number of investors

359companies

Distributions

Approx.

4%

Credit rating (JCR)

AA-

(stable)

*As of January 8, 2026. Based on our research (other issues are as of December 31, 2025).

Change in Asset Scale

In January 2026, JINUSHI REIT has completed its 10th consecutive capital increase, bringing assets under management to ¥291.1 billion. It aims to achieve AUM of ¥300.0 billion, and to reach ¥500.0 billion at an early stage thereafter.

*All numbers in this graph are the amounts immediately after each offering. (Assets in each year are based on appraised values when acquired)