Jinushi sells 22 properties for 28 bn yen to its private REIT

Jinushi Corporation announced on October 21, 2025, a resolution to sell 22 properties for approximately 28,015 million yen to Jinushi Private REIT, Inc., a wholly-owned subsidiary. This transaction is part of Jinushi REIT's 10th capital increase, which will expand its asset size to 291.1 billion yen and is projected to help achieve its medium-term target of 300 billion yen by December 2026. The sale comprises 14 properties scheduled for December 2025 at 21,209 million yen and eight properties for January 2026 at 6,806 million yen.

The sale of the 14 properties in December 2025 is already factored into Jinushi Corporation's consolidated forecast for the fiscal year ending December 31, 2025, as announced on February 13, 2025. This portion of the sale represents more than 10% of the previous fiscal year's consolidated net sales (57,068 million yen) and over 30% of ordinary profit (8,265 million yen) and profit attributable to owners of parent (6,087 million yen). Jinushi REIT, specializing in leased land, will see its portfolio grow to 27 properties with this capital increase, having secured demand exceeding the offering amount from 53 institutional investors due to the perceived long-term stability of the JINUSHI BUSINESS model.