#executive_change

As of February 1, 2026, the asset management company will establish a newly created Business Risk Management Office, appoint two new directors, accept resignations of three directors, and replace the Head of Listed REIT Business Department.

Tosei Asset Advisors Co., Ltd., the asset management company of Tosei REIT Investment Corporation, has decided to change the positions of two directors effective February 1, 2026.

Announced that outside director Motoya Okada resigned due to personal reasons effective January 15, 2026.

Regarding the executive officer appointments effective April 1, 2026, the new position of Tomoyuki Kumabayashi has been corrected to 'Head of Overseas Business North America & Central America, President of SIA, and President of SAL.'

Mr. Hiroshi Hashimoto is tentatively appointed as Representative Director and Chairman as of March 10, 2026, establishing a three-member representative director structure.

Effective April 1, 2026, Mr. Takeshi Ishikawa will assume office as Representative Executive Officer President and Group CEO, while Mr. Narikazu Takeuchi will step down to Executive Director.

As of January 5, 2026, to fill the vacancy caused by the passing of outside auditor Yasutaka Oba, Mr. Hisashi Fujii was appointed as a temporary auditor by decision of the Tokyo District Court.

Effective April 1, 2026, SRS Holdings Co., Ltd. will reorganize the Corporate Strategy Headquarters and abolish the Human Resources and General Affairs Headquarters. As part of the personnel changes, Mr. Kenji Tsuboyama will assume the role of Executive Officer and Head of the SRS Group Store Development Headquarters, and Mr. Hiroyuki Otowa will be appointed President and Executive Officer of...

DCM Co., Ltd. will implement a change of representative director effective March 1, 2026. Mr. Hirokuni Kamiya will assume the position of Representative Director and President as well as General Manager of the Product Division, and Mr. Yasunori Ishiguro will step down.

As of March 16, 2026, Maichiko Uemura has been appointed Director and Head of the Administration Division, concurrently serving as Director.

Effective February 1, 2026, Kazuyoshi Morishita will resign as Representative Director, President and CEO, and assume the position of Chairman and Chief Development Officer. Kazuya Sakai will assume the position of new Representative Director, President and CEO.

Revision of the directors’ compensation system including a review of basic remuneration, an increase in the cap for performance-linked remuneration to JPY 400 million annually, abolition of stock options, and introduction of a performance-linked stock compensation plan scheduled for proposal at the March 2026 shareholders meeting.