Notice of Upward Revision to Operational Status and Distribution Forecast for the Fiscal Period Ending April 2027

Performance Overview

Ichigo Office REIT Investment Corporation has revised its operational status and distribution forecast for the fiscal period ending April 2027 to reflect the disposition of five properties dated November 27, 2026. A gain on disposition of approximately 7,930 million yen is expected to be recorded, of which a portion will be internally retained as a replacement special reserve under the tax deferral regime, and 101 million yen will be retained as dividend reserve. As a result, operating revenue, operating income, ordinary income and net income are all expected to increase substantially. Regarding distributions, after applying the replacement special regime, the policy is to distribute the full amount except for fraction processing.

Impact on Unitholders and Outlook

The expected number of outstanding investment units at the end of the fiscal period ending April 2027 is 1,511,926 units (reflecting disposals and cancellations). The expected gain on disposition is approximately 7,930 million yen, of which 2,520 million yen will be treated under the tax deferral special rule applicable to certain asset replacements, and 101 million yen will be internally retained as dividend reserve. Distributions are assumed to be paid in full based on 8,394 million yen, excluding fractional amounts per unit; however, the actual amount may fluctuate due to interest rate movements, rental market changes, issuance of additional investment units and other factors.