#InterestRateSwap

Japan Hotel REIT Investment Corporation has entered into an interest rate swap agreement with a fixed payment interest rate of 2.03250% on Term Loan 129 (JPY 10,000 million), effective from March 13, 2026, to March 29, 2030, raising the fixed interest ratio of interest-bearing debt to approximately 75%.

Japan REIT Investment Corporation has entered into an interest rate swap agreement at a fixed payment rate of 2.1256% to fix interest payments on borrowings of 3,210 million yen. As a result, the effective funding cost has been fixed at 2.4556%.

On February 27, 2026, a long-term borrowing of 2,500 million yen was carried out. Of this, 1,000 million yen is fixed rate at 1.84000%, and 1,500 million yen is variable rate effectively fixed through an interest rate swap agreement.

As of January 30, 2026, an interest rate swap agreement was executed to fix the effective interest rate at 2.6213% on Term Loan 31-B amounting to 1,700 million yen, hedging interest rate fluctuation risk.

Mirai Investment Corporation borrowed a total of 5 billion yen from Sumitomo Mitsui Banking Corporation on January 27, 2026, entered into an interest rate swap agreement to fix the payment interest rate and avoid interest rate fluctuation risk.

On January 26, 2026, Advance Residence Investment Corporation concluded an interest rate swap agreement on long-term borrowings of 2,000 million yen to hedge interest rate fluctuation risk.