ESCON JAPAN REIT Investment Corporation
Notice on Changes in Specified Related Corporations
Announcement that Chuden Real Estate Co., Ltd. no longer qualifies as a specified related corporation as of the fiscal year ending January 2026. Although transaction amounts exceeded the threshold for the past three years until the fiscal year ending July 2025, they fell below the threshold in the fiscal year ending January 2026.
Key Figures
- Criteria for Specified Related Corporation Qualification: Transaction amount over the past three years is 20% or more
- Date of Change: 2026-02-01
- Chuden Real Estate Co., Ltd. Capital: 100 million yen (Fiscal year ending March 2025)
AI要約
Regarding Changes in Specified Related Corporations
In Escon Japan REIT Investment Corporation’s asset management entrusted to Escon Asset Management Co., Ltd., Chuden Real Estate Co., Ltd., which had been a specified related corporation, no longer meets the transaction amount criteria over the past three years as of the fiscal year ending January 2026, and thus ceases to be a specified related corporation. This was because the amount paid by the Investment Corporation to Chuden Real Estate for acquisition of real estate beneficial interest in trusts during the past three years through the fiscal year ending July 2025 exceeded 20% of total transactions in the same period, but from the fiscal year ending January 2026 onwards, the transaction amount fell below the threshold.
Future Outlook and Overview of the Related Company
Chuden Real Estate Co., Ltd. is a wholly owned subsidiary of Chubu Electric Power Co., Inc., which is the ultimate parent company of the asset management company. This change in the specified related corporation status does not affect the operational status outlook for the fiscal years ending January 2026 and July 2026, as announced in the earnings report dated September 12, 2025.
