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. The figures are based on the assumption that the 10th capital increase of the JINUSHI REIT, scheduled for January 2026, will be implemented as planned (including investors through secondary transactions). Figures are subject to change. Ranking based on
our own research (calculated using the number of private REITs as the denominator)

Change in Asset Scale

Utilizing sponsor support from JINUSHI Co., Ltd., JINUSHI REIT achieved the initial plan of 100 billion yen of assets in five years after starting operation. JINUSHI REIT now aims to reach 500 billion yen as soon as possible, and we have set a medium-term target of 300 billion yen as a milestone.

*All numbers in this graph are the amounts immediately after each offering. (Assets in each year are based on appraised values when acquired. The figure to be achieved within 2026 is the goal in the Medium-term Management Plan.)
*Figures are based on the assumption that the 10th capital increase of the JINUSHI REIT, scheduled for January 2026, will be implemented as planned (including investors through secondary transactions). Figures are subject to change.