[For Information Purpose Only
The Japanese language press release should be referred to as the original.]
August 27, 2024
To All Concerned Parties
Name of REIT Issuer:
Invincible Investment Corporation
Naoki Fukuda, Executive Director(Securities Code: 8963)
Asset Manager:
Consonant Investment Management Co., Ltd.
Naoki Fukuda, President & CEO
Contact: Jun Komo
General Manager of Planning Department(Tel. +81-3-5411-2731)(Correction) Notice concerning Partial Correction of “Invincible Investment Corporation
June 2024 Fiscal Period Results”
Invincible Investment Corporation (“INV”) hereby announces corrections to its “Invincible
Investment Corporation June 2024 Fiscal Period Results” dated August 26, 2024 as follows.
Corrected parts are circled in red.
Appendix (2) - Financial and Operational Data
P58. “Financial Metrics”<Before Correction><After Correction>
June 2024

June 2024
Items

Items

Jan 1, 2024Jun 30, 2024

Jan 1, 2024Jun 30, 2024

Amount of Total Assets (JPY million)

569,016

Amount of Total Assets (JPY million)

569,016

Amount of Net Assets (JPY million)

292,766

Amount of Net Assets (JPY million)

292,766

Capital-to-Asset Ratio

Capital-to-Asset Ratio

51.5%

51.5%

Total Amount of Investment (JPY million)

270,101

Total Amount of Investment (JPY million)

270,101End-of-period total number of units issued

6,737,121End-of-period total number of units issued

6,737,121

Amount of Net Assets per Unit ( JPY)

43,455

Amount of Net Assets per Unit ( JPY)

43,455Return on Asset (ROA) (annualized)

6.9%

Return on Asset (ROA) (annualized)

4.6%

Return on Equity (ROE) (annualized)

13.4%

Return on Equity (ROE) (annualized)

Amount of interest-bearing debts (JPY million)

Amount of interest-bearing debts (JPY million)

271,1548.9%
271,154

Weighted average interest rate

0.9%

Weighted average interest rate

0.9%

Loan to Value (LTV 1)

50.0%

Loan to Value (LTV 1)

50.0%

End-of-period Loan-to-Value based on Total Assets (LTV 2)

47.7%

End-of-period Loan-to-Value based on Total Assets (LTV 2)

47.7%

Net Operating Income (NOI) (JPY million)

19,634

Net Operating Income (NOI) (JPY million)

19,634

NOI yield (annualized)

10.8%

NOI yield (annualized)

7.2%

Depreciation Expenses (JPY million)

4,341

Depreciation Expenses (JPY million)

4,341

Funds From Operations (FFO) (JPY million)

17,242

Funds From Operations (FFO) (JPY million)

17,242NAV (JPY million)

435,886

NAV (JPY million)

435,886

NAV per Unit (JPY)

64,699NAV per Unit (JPY)

64,699NAV ratio

NAV ratio

1.0

1.0

This English language notice is a translation of the Japanese-language notice released on August 27, 2024 and was prepared solely for the convenience of, and referenceby, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own
investigation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances aregiven regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any discrepancy
between this translation and the Japanese original, the latter shall prevail in all respects.

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*The corrected “Invincible Investment Corporation June 2024 Fiscal Period Results” is posted onINV’s website.

Website of INV: https://www.invincible-inv.co.jp/en/

This English language notice is a translation of the Japanese-language notice released on August 27, 2024 and was prepared solely for the convenience of, and referenceby, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own
investigation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances aregiven regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any discrepancy
between this translation and the Japanese original, the latter shall prevail in all respects.

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