As of July 25, 2024

● Sustainability-Linked Loan Definition
A sustainability-linked loan (SLL) is a loan instrument that aims to facilitate and support
environmentally and socially sustainable economic activity and growth. In this loan scheme,  
the borrower sets sustainability performance targets (SPTs) based on its business management
strategy, and the lender incentivizes the borrower’s achievement of those objectives by aligningloan terms to the borrower’s performance against the relevant predetermined SPTs.

● SLL (Borrowing date: Jan. 29, 2021, Lender: The Norinchukin Bank)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if either SPT1 or SPT2 is achieved ateach confirmation points.
SPT1: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*1(Reduce by 35% on a carbon intensity basis compared to fiscal 2013)
2

SPT2: Target set for each confirmation point based on fiscal 2030 ZEB* ownership target (Own 5 ZEBs)
Achievement status and applicable interest rate at each point
Loan 1
Achieve
SPT1 or SPT2
Revised rate

End-July 2021

0.34625%
0.35625%

Applicable period

July 31, 2021
toJuly 31, 2024

Loan 2End-July 2021

SPT1 or SPT2
Revised rate

End-July 2024

End-July 2028〇
0.36750%0.37750%

Original rate

Applicable period

End-July 2028〇

Original rate

Achieve

End-July 2024

July 31, 2021
toJuly 31, 2024

For details on the loans, please refer to the following.
https://www.j-re.co.jp/file/en-news-1e9e5fcdb4bcb093b3b167b71c6aa1fcd4c46eac.pdf

End-July 2031

● SLL (Borrowing date: Nov. 15, 2021, Lender: The Norinchukin Bank)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if either SPT1 or SPT2 is achieved ateach confirmation points.
SPT1: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*1(Reduce by 35% on a carbon intensity basis compared to fiscal 2013)

SPT2: Target set for each confirmation point based on fiscal 2030 ZEB* 2 ownership target (Own 5 ZEBs)
Achievement status and applicable interest rate at each point
May 2022
Achieve

May 2029〇SPT1 or SPT2
Revised rate

0.395%
0.405%

Original rate

Applicable period

May 2025

May 16, 2022
toMay 15, 2025

For details on the loan, please refer to the following.
https://www.j-re.co.jp/file/en-news-fbc3d2a661d83dcea32f03457b6115dbef320397.pdf● SLL (Borrowing date: June 17, 2022, Lender: The Norinchukin Bank)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if either SPT1 or SPT2 is achieved ateach confirmation points.
3

SPT1: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*(Reduce by 80% on an absolute basis compared to fiscal 2019)

SPT2: Target set for each confirmation point based on fiscal 2030 ZEB* 2 ownership target (Own 5 ZEBs)
Achievement status and applicable interest rate at each point
Dec. 2022
Achieve
SPT1 or SPT2Revised rate

Dec. 2028〇0.60625%0.61625%

Original rate

Applicable period

Dec. 2025

Dec. 19, 2022
toDec. 17, 2025

For details on the loan, please refer to the following.
https://www.j-re.co.jp/file/en-news-930b2dbcf9a9739f58cb3df28a9d558f6d72aff5.pdf

● SLL (Borrowing date: Mar. 15, 2023, Lender: SBI Shinsei Bank, Limited)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if either SPT1 or SPT2 is achieved ateach confirmation points.
SPT1: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

SPT2: Target set for each confirmation point based on fiscal 2030 ZEB* 2 ownership target (Own 5 ZEBs)
Achievement status and applicable interest rate at each point
Sep. 2023
Achieve

Sep. 2031

0.80875%
0.81875%

Original rate

Applicable period

Sep. 2029〇SPT1 or SPT2
Revised rate

Sep. 2026

Sep. 16, 2023
toSep. 15, 2026

For details on the loan, please refer to the following.
https://www.j-re.co.jp/file/en-news-c228283ad7ce94d55c755d12f0f71f18c345f9e4.pdf● SLL (Borrowing date: Mar. 27, 2023, Lender: The Norinchukin Bank)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if either SPT1 or SPT2 is achieved ateach confirmation points.
3

SPT1: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*(Reduce by 80% on an absolute basis compared to fiscal 2019)

SPT2: Target set for each confirmation point based on fiscal 2030 ZEB* 2 ownership target (Own 5 ZEBs)
Achievement status and applicable interest rate at each point
Sep. 2023
Achieve
SPT1 or SPT2
Revised rate

Sep. 2026〇
0.72375%
0.73375%

Original rate

Applicable period

Sep. 2029

Sep. 28, 2023
toSep. 28, 2026

For details on the loan, please refer to the following.
https://www.j-re.co.jp/file/en-news-d2d03cfa8f9dbccba2b8df901d719a5509cc17cd.pdf

Sep. 2031

● SLL (Borrowing date: Mar. 30, 2023, Lender: Sumitomo Mitsui Banking Corporation)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
Loan 1Achieve
SPT
Revised rate

Sep. 2023

Sep. 2026〇0.2375%
0.2475%Original rate

Applicable period

Sep. 30, 2023
toSep. 30, 2026

Loan 2

Sep. 2023

Achieve
SPT
Revised rate

Sep. 2026

Sep. 2031〇0.7087%
0.7187%

Original rate

Applicable period

Sep. 2029

Sep. 30, 2023
toSep. 30, 2026

For details on the loan, please refer to the following.
https://www.j-re.co.jp/file/en-news-c4a12d49121f41a1b92455f65c3929bcf8016104.pdf● SLL (Borrowing date: Nov. 30, 2023, Lender: Saitama Resona Bank, Limited)
The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
LoanAchieve
SPT
Revised rate

May. 2024

May. 2027

May. 2032〇
1.07750%
1.0875%

Original rate

Applicable period

May. 2030

May. 30, 2024
toMay. 30, 2027

For details on the loan, please refer to the following.

https://www.j-re.co.jp/file/en-news-6958e6f67f60a48f85d481ac64eb810dee330fc1.pdf

● SLL (Borrowing date: Nov. 30, 2023, Lender: The Chugoku Bank, Ltd.)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
LoanAchieve
SPT
Revised rate

May. 2024

May. 2030○0.92500%
0.935%

Original rate

Applicable period

May. 2027

May. 30, 2024
toMay. 30, 2027

For details on the loan, please refer to the following.

https://www.j-re.co.jp/file/en-news-6958e6f67f60a48f85d481ac64eb810dee330fc1.pdf● SLL (Borrowing date: Nov. 30, 2023, Lender: North Pacific Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
LoanAchieve
SPT
Revised rate
Original rate

Applicable period

May. 2024

May. 2027

May. 2030○0.07000%
Base rate (3-month JPY TIBOR published by Japanese Bankers
Association (hereinafter “JBA”)) + 0.080%

May. 30, 2024
toMay. 30, 2027

For details on the loan, please refer to the following.

https://www.j-re.co.jp/file/en-news-6958e6f67f60a48f85d481ac64eb810dee330fc1.pdf

● SLL (Borrowing date: Nov. 30, 2023, Lender: MUFG Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)Achievement status and applicable interest rate at each point
Loan
Achieve
SPT
Revised rate

May. 2024

May. 2027○0.60000%
0.61%

Original rate

Applicable period

May. 30, 2024
toMay. 30, 2027

For details on the loan, please refer to the following.

https://www.j-re.co.jp/file/en-news-636e87a456d422da07771cdf5b3f81b174603acc.pdf● SLL (Borrowing date: Dec. 19, 2023, Lender: MUFG Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
Loan
Achieve
SPT
Revised rate
Original rate

Applicable period

June. 2024

June. 2027

○0.70125%
0.71125%

June. 30, 2024
toJune. 30, 2027

For details on the loan, please refer to the following.

https://www.j-re.co.jp/file/en-news-636e87a456d422da07771cdf5b3f81b174603acc.pdf

● SLL (Borrowing date: Dec. 22, 2023, Lender: Fukuoka Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
LoanAchieve
SPT
Revised rateJune. 2024

June. 2033

○0.38727%
0.39727%

Original rate

Applicable period

June. 2030

June. 2027

June. 30, 2024
toJune. 30, 2027

For details on the loan, please refer to the following.

● SLL (Borrowing date: Jan. 31, 2024, Lender: Gunma Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
Loan

July. 2024

July. 2027

Achieve
SPT
Revised rate
Original rate

0.77125%

Applicable period
For details on the loan, please refer to the following.

July. 2030

● SLL (Borrowing date: Jan. 31, 2024, Lender: Keiyo Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
Loan

July. 2024

July. 2027

July. 2030

Achieve
SPT
Revised rate
0.77125%

Original rate

Applicable period
For details on the loan, please refer to the following.

● SLL (Borrowing date: Mar. 8 , 2024, Lender: Chugoku Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
Loan

Sep. 2024

Sep. 2027

Achieve
SPT
Revised rate
Original rate

0.83375%

Applicable period
For details on the loan, please refer to the following.

Sep. 2030

● SLL (Borrowing date: Mar. 26 , 2024, Lender: MUFG Bank, Ltd)The applicable interest rate will be lowerd by 0.01% for the period until the next confirmation point(for the final confirmation point, the repayment date) if SPT is achieved at each confirmation points.
SPT: Target set for each confirmation point based on fiscal 2030 CO 2 emissions reduction target*3(Reduce by 80% on an absolute basis compared to fiscal 2019)

Achievement status and applicable interest rate at each point
LoanAchieve
SPT
Revised rate
Original rate

Applicable periodMay. 2024

May. 2027○0.65125%
0.66125%May. 31, 2024
toMay. 31, 2027

For details on the loan, please refer to the following.
*1 Refers to the target established in May 2020.
For more details, please refer to “Announcement of Setting CO2 Reduction Targets and KPIs for 2030” dated May 15, 2020.
*2 Indicates Zero Energy Building and includes buildings that are Nearly ZEB, ZEB Ready and ZEB Oriented*3 Refers to the target established in Mar. 2022.
For more details, please refer to “Announcement of Setting New Targets for CO2 Emissions Reduction” dated Mar. 18, 2022.