August 24, 2018
Company name:
Representative:
Inquiries:
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ES-CON Japan Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)
Minoru Nakanishi, Senior
Managing Director+81-6-6223-8055

Notice of efforts toward listing on J-REIT market and transfer of real estate for sale
ES-CON Japan Ltd. has announced the following concerning the efforts of it and its wholly owned
consolidated subsidiary ES-CON Asset Management Ltd. (“ES-CON AM” hereinafter) toward listing on
the J-REIT (real estate investment trust) market and its preparations for the transfer of real estate forsale.

Details
1. Status of efforts toward listing on J-REIT market
As announced previously and as noted in the goals of our current medium-term management plan,“Ideal to Real,” our subsidiary ES-CON AM has established ESCON JAPAN REIT Investment
Corporation (“Investment Corporation” hereinafter) to invest mainly in commercial facilities contributing
to improved convenience of everyday life in their local communities and in lands of built lots for suchcommercial facilities. Having completed a capital increase in a private REIT (for which the whollyowned subsidiary ES-CON AM is responsible for asset management) in the last fiscal year, we, as acompany with total assets of approximately 11 billion yen, are proceeding with preparations towardlisting on the J-REIT market.

2. Transfer of real estate for sale
As part of these efforts toward listing on the J-REIT market, we are preparing to transfer to theInvestment Corporation real estate for sale owned by us.
Please note that we are announcing this notice because the total value of the assets planned fortransfer to the Investment Corporation is expected to exceed 30% (JPY6,429 million) of the amount of
net assets (JPY21,433 million) in the preceding fiscal year (the consolidated fiscal year ended
December 2017).
The total value of properties to be transferred and the timing of the transfer are to be determined.

-1-

[Overview of properties expected to be transferred]
Location

Type

Total sitearea

Total floor
area

Kita-nagoya-shi, Aichi Prefecture

Commercial facility (land, building)

11,474 m2

47,179 m2

Chiba-shi, Chiba Prefecture

Commercial facility (land, building)

41,288 m2

33,809 m2

Shiroi-shi, Chiba PrefectureCommercial facility (land, building)

2,015 m2

1,018 m2

Chiba-shi, Chiba Prefecture

Land lot of commercial facility (land)

23,379 m2-

Nishi-ku, Kobe

Land lot of commercial facility (land)

9,610 m2-

Sakai-shi, Osaka Prefecture

Land lot of commercial facility (land)

4,406 m2-

Kasuga-shi, Fukuoka Prefecture

Land lot of commercial facility (land)

3,125 m2-

3. Effects on business performance
As noted above, the details of the effects on business performance of this transfer of real estate for saleremain to be determined. Once the details have been established, their impact will be examined indetail and announced separately.
[Reference](1)

Trade name

ES-CON Asset Management Ltd.

(2)

Address

2-5 Kanda-Surugadai 4-chome, Chiyoda-ku, Tokyo(3)

Representative

Satoshi Omori, President & Representative Director(4)Lines ofbusiness

Investment management, Type II financial instrument transactions,investment advising and agent operations, real estate brokerage(5)

Capital

JPY1 million(6)

Investors

A wholly owned subsidiary of ES-CON Japan Ltd.

(1)

Trade name

ESCON JAPAN REIT Investment Corporation(2)

Address2-5 Kanda-Surugadai 4-chome, Chiyoda-ku, Tokyo(3)

Officers

Satoshi Omori, Executive Officer
Masato Yamanaka, Supervisory Officer
Satoshi Ugajin, Supervisory Officer-2-