September 29, 2023
Company Name: NIPPON KANZAI Holdings Co., Ltd.
Representative:

Shintaro Fukuda, President and Representative
Director (Code No. 9347, Tokyo Stock Exchange,Prime Market)

Contact:

Keiya Shoji, Head of Overseas Business Dept.

Telephone:

81-3-5299-0865

Notice Regarding Acquisition of Sharesof Ackermann Hausverwaltung GmbH,a Residential Management Company in Munich
Nippon Kanzai Holdings Co., Ltd. (hereinafter “Nippon Kanzai Holdings”) is pleased toannounce that its subsidiary Nippon Kanzai Deutschland GmbH (hereinafter “Nippon KanzaiDeutschland”), acquired 75% shares of Ackermann Hausverwaltung GmbH (hereinafter“Ackermann”), a residential management company in Munich, Bayern, Germany.
Ackermann will be an equity-method affiliate of Nippon Kanzai Holdings.
1. Purpose of the share acquisition
Ackerman operates in Munich, the city with the third largest population and a robust
economic foundation in Germany, which boasts the largest economic scale in theEU. The business includes the rental management of properties such ascondominiums. Additionally, through Ackerman’s wholly owned subsidiaries, also
engaged in the management of owner’s association properties, buying, selling andrental brokerage, and facility management, as well.
Ackermann is one of the top three players in the city of Munich, with approximately
12,000 rental units (ca. 260 clients) and 5,000 owner’s association units (about 150associations) under management.
On the other hand, Nippon Kanzai Holdings has expanded its businessinternationally including Australia, California and Hawaii, USA. This acquisition isexpected to share the business experiences of Nippon Kanzai Holdings group withAckermann, and to bring synergies within the group as well as contributing to ourbusiness results.
2. Overview of the equity-method affiliate, Ackermann (as of December 31, 2022)
Company nameHeadquarters
Name and title of therepresentative

Ackermann Hausverwaltung GmbH
Garmischer Straße 7, 80339 München, Germany
Henning Schrödter, CEO
Dr Ditmar Unger, CEOBusiness
Date of incorporation
Paid-in capital
Major shareholders
and shareholding ratio
Relationship with
Nippon Kanzai
Holdings

Residential management
May 14, 2001 (Business started in 1919)
EUR 250,000 (39 million yen)
G.H. Schrödter Invest GmbH (100.0%)

There is no capital, personal, or transactional relationshipbetween the groups to be reported. In addition, there is nocapital, personal, or transactional relationship between
related parties and affiliates of the groups to be reported.
Business results and financial position of the company for the last three years.
Financial year

Year ended 31

Year ended 31

Year ended 31

December 2020

December 2021

December 2022

EUR 2,006 thousand

EUR 2,256 thousand

EUR 1,305 thousand(315 million yen)(354 million yen)(205 million yen)

EUR 3,560 thousand

EUR 3,662 thousand

EUR 2,336 thousand(559 million yen)(575 million yen)(367 million yen)

EUR 5,181 thousand

EUR 6,936 thousand

EUR 7,678 thousand(814 million yen)

(1,090 million yen)

(1,207 million yen)

EUR 126 thousand

EUR 381 thousand

EUR 21 thousand(19 million yen)

(59 million yen)

(3 million yen)

EUR 106 thousand

EUR 344 thousand

EUR △13 thousand(16 million yen)

(54 million yen)(△2 million yen)

EUR 294 thousand

EUR 230 thousand

EUR △800 thousand(46 million yen)

(36 million yen)(△125 million yen)

Net Assets

Total Assets

Net Sales

Operating Income

Ordinary Income

Net Profit
The TTM rate of 157.26 yen/EUR on 28 September 2023 is used.

3. Overview of the seller (as of December 31, 2022)
Company nameHeadquarters
Name and title of therepresentative
Business
Foundation date
Paid-in capital
Relationship with
Nippon KanzaiHoldings

G.H. Schrödter Invest GmbH
Georgenstraße 2, 82049 Pullach, Germany
Henning Schrödter, CEO
Silvia Schrödter, CEO
Real Estate Management etc.
October 13, 2004
EUR 25,000 (3 million yen)
There is no capital, personal, or transactional relationshipbetween the groups to be reported. In addition, there is nocapital, personal, or transactional relationship between
related parties and affiliates of the groups to be reported.
The TTM rate of 157.26 yen/EUR on 28 September 2023 is used.

4. Overview of the subsidiary investing the New Entity
Company name
Headquarters
BusinessNet Sales

Nippon Kanzai Deutschland GmbH
Goethestrasse 7, 60313 Frankfurt am Main, Germany
Provision of real estate-related services in Europe,
particularly in Germany, and investment in affiliatedcompanies.
No results available as the company was established in July

Foundation datePaid-in capital
Relationship withNippon Kanzai
Holdings

2023.
July 12, 2023
EUR 25,000 (3 million yen)
Nippon Kanzai Holdings owns 100% of the common sharesof Nippon Kanzai Deutschland and appoints all four Directorsof Nippon Kanzai Deutschland. Nippon Kanzai Holdings
made a loan to Nippon Kanzai Deutschland.
The TTM rate of 157.26 yen/EUR on 28 September 2023 is used.

5. Number of shares acquired, consideration and number of shares owned before andafter the purchase(1) Number of shares before transaction

None(2) Number of shares acquired187,500 (75.0%)(0.0%)(3) Number of shares after transaction
187,500 (75.0%)*Acquisition price will not be disclosed under the agreement with theseller.

6. Closing date

September 29, 2023 (Central European Time)

7. Impacts on business forecasts
The impact on Nippon Kanzai Holdings’ consolidated business forecast of the current
fiscal year is relatively limited.