#MitsubishiEstate

Mitsubishi Estate Co., Ltd. will revise its executive compensation system from fiscal 2026, introducing a post-performance grant type performance-linked stock compensation plan, adopting ESG indicators, and increasing the variable compensation ratio of the president's pay to 70%.

Mitsubishi Estate Logistics REIT Investment Corporation made an additional acquisition of anonymous association investment interests worth 1,208 million yen, bringing the total to 1,928 million yen. The acquired property is a BTS-type logistics facility 'Logicross Nagoya Minato' located near Nagoya Port.

From March 1, 2026 to March 24, 2026, 3,610,300 shares of common stock were acquired as treasury stock at a total acquisition cost of 17,369,629,300 yen, bringing the cumulative acquired shares to 6,128,800 shares with a total acquisition cost of 29,999,817,300 yen.

Operating revenue for the fiscal period ending August 2026 is revised to 8,703 million yen (6.3% increase from previous forecast), operating income to 4,695 million yen (9.9% increase), net income attributable to owners of parent to 4,189 million yen (10.7% increase), and dividend per unit to 3,104 yen (9.5% increase).

Mitsubishi Estate Logistics REIT Investment Corporation plans to transfer the logistics facilities "MJ Logi-Park Kazo 1" and "MJ Logi-Park Kazo 2" located in Kazo City, Saitama Prefecture, for a total of 3,520 million yen. The anticipated gain on transfer is 670 million yen, expected to be distributed in the fiscal year ending August 2026.

Mitsubishi Estate Logistics REIT Investment Corporation will undertake three new long-term borrowings totaling 2,400 million yen accompanying the early repayment of short-term borrowings totaling 2,400 million yen, scheduled for execution on March 23, 2026.

At Mitsubishi Estate Logistics REIT Investment Corporation's asset management company, Mitsubishi Estate Investment Advisors Co., Ltd., Auditor Tatsuya Tsuyuzaki is scheduled to resign as of March 31, 2026, and Hirohisa Tanaka is scheduled to assume office as the new auditor as of April 1, 2026.

Mitsubishi Estate has decided to make a preferred investment in Hashimoto Development Special Purpose Company on March 27, 2026, making it a specified subsidiary. The investment amount is JPY 28.4 billion.

Acquired 2,518,500 ordinary shares of treasury stock with a total acquisition price of 12,630,188,000 yen from February 10 to February 28, 2026.

Mitsubishi Estate Logistics REIT Investment Corporation will execute a long-term loan of 1,000 million yen from Sumitomo Mitsui Banking Corporation scheduled for March 2, 2026. The funds will be used for repayment of existing borrowings.

Mitsubishi Estate Co., Ltd. has decided to transfer its Smart Home Service Business to its wholly owned subsidiary HOMETACT Co., Ltd. via a simplified absorption-type company split effective April 1, 2026.

Mitsubishi Estate Company, Limited has decided to dissolve its consolidated subsidiary, Nagoya Minato Development SPC, on March 2, 2026, with liquidation planned within the fiscal year 2026. The impact on earnings is minimal.