May 30, 2019
For Immediate Release

Advance Residence Investment
CorporationSecurities Code：3269
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Kenji Kousaka, Executive Director
Asset Management Company:
AD Investment Management Co., Ltd.
Kenji Kousaka, President
Inquiries:
Hiroshi Kawakami, Managing Director, CFO
TEL. +81-3-3518-0480

Notification Concerning the Change of Directors
AD Investment Management Co., Ltd., (ADIM) the asset management company to which
Advance Residence Investment Corporation (ADR) entrusts the management of its assets announced
that it resolved at the meeting of its board of directors held today, to propose the following nominees
as a Director to be newly elected at the General Shareholders’ Meeting scheduled on June 14, 2019.
1. Nominees to be elected on June 14, 2019
(Please refer to the attachment for the appointees’ brief career summary)
Director
Takashi Ogata(He will be appointed to Managing Director at the Board of Directors of ADIM after theGeneral Shareholders’ Meeting)
Non-Executive Director
Hironori Izumi
Non-Executive Director
Kazuhiko Noda
2. Resignation (on June 14, 2019)
Non-Executive Director

Youichi Sonoda

In compliance with applicable laws, ordinances and regulations, required filings and otherprocedures will be performed in relation to this matter.

About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 260 rental apartments locatedmostly in central Tokyo and in other major cities throughout Japan (AUM over 400 billion yen). ADR can be expected have astable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential
assets and with the largest dividend reserve among J-REITs.
ADR’s website: https://www.adr-reit.com/en/[Provisional Translation Only]
English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall1

pAttachment 1
Name(Date of Birth)

Appointees’ Brief Career Summary
Title

Takashi Ogata
Managing Director(January 18, 1964)

Brief Career Summary
June 2019

To be appointed as Managing Director ofADIM.

June 2017

Appointed to President of ITOPIA AssetManagement Co.,Ltd. (currently serving)

April 2017

Appointed to Director (Executive Officerin charge of business management) of
ITOPIA Asset Management Co.,Ltd.

April 2014

Appointed to Deputy CEO (in charge ofbusiness planning) for East Asia Bloc andVice President of ITOCHU Singapore PteLtd.

June 2013

Appointed to Director (part-time) of
ADIM.

April 2012

Appointed to Senior Division Officer ofConstruction, Realty & Financial Business
Division

April 2011

Appointed to General Manager ofConstruction & Realty Department No.3

April 2010

Appointed to General Manager ofPlanning & Administration Department

April 2009

Appointed to General Manager ofFinancial Corporate Investment
Department

May 2008

Appointed to General Manager ofFinancial Solution Promoting Department

April 2004

Appointed to Manager of Financial
Business Development Department

April 1986

Joined ITOCHU Corporation
Assigned to Overseas Construction

2NameHironori Izumi(May 10, 1968)

Title
Non-Executive

Brief Career Summary
June 2019

To be appointed to Non-Executive
Director of ADIM.

April 2019

Appointed to Deputy General Manager ofReal Estate Development Department
No.1 and Manager of Real Estate
Development Section No.2 (currentlyserving)

April 2017

Appointed to Manager of Real Estate
Development Section No.2, Real Estate
Development No.1

April 2016

Appointed to Manager of Real Estate
Development Section No.5, Real Estate
Development No.1

April 2011

Appointed to Manager of Real Estate
Development Section No.1, Real Estate
Development No.1

October 2009

Appointed Director (part-time) at Pacific
Residential Corporation note.1

April 2008

Appointed to Deputy Manager of Real
Estate Development Section No.1, RealEstate Development No.1

January 2008

Appointed to Real Estate Development
No.1

May 1992

Appointed to Manager of Real Estate
Development Section No.5, Real Estate
Development

April 1992

Joined ITOCHU Corporation3

Name

Title

Kazuhiko Noda
Non-Executive(December 25, 1962)

Brief Career Summary
June 2019

To be appointed to Non-Executive
Director of ADIM.

May 2019

Director (part-time /currently serving)
MAKUHARI CITY Corporation.

April 2018

Appointed to Managing Director andGeneral Manager (Real EstateDevelopment Division ) of ITOCHU
Property Development, LTD. (currentlyserving)

December 2014 Appointed to Director of ITOCHU
Housing Co., LTD. (currently serving)
June 2012

Appointed to Managing Director andGeneral Manager of Land Development
Department, ITOCHU Property
Development, LTD.

April 2006

Appointed to Manager of Urban Housing
Department

April 1998

Appointed to Urban Housing
Department, ITOCHU Property
Development, LTD.

October 1992

Appointed to Urban Development
Department, ITOCHU Corporation

April 1985

Joined Itochu Real Estate Co., Ltd.note2

Note1: Pacific Residential Corporation was merged into ADIM on March 1, 2010.
Note2: Itochu Real Estate Co., Ltd. was merged with Itochu Corporation due to business integration.

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