Joint Business with Kyushu Electric Power: Acquisition of Land for Two Logistics Properties from a Listed Company

We are pleased to announce that today we have acquired the land for two logistics properties in Fukuoka and Saga Prefectures.

Summary of this press release ・Joint business with Kyushu Electric Power: Acquisition of land for two logistics properties in Fukuoka and Saga Prefectures (Total acquisition cost over 5 billion yen) ・"JINUSHI Leaseback" project that separates only the land from existing integrated land and building real estate. ・Review of corporate CRE strategies due to Tokyo Stock Exchange reforms expands acquisition opportunities.

1. Details of the Initiative This initiative is an example of "JINUSHI Leaseback," where JINUSHI Co., Ltd. acquires only the land (total acquisition cost over 5 billion yen*1) for two logistics properties owned by a listed company in Fukuoka and Saga Prefectures, and Kyushu Electric Power Co., Inc. (hereinafter referred to as "Kyushu Electric Power") acquires the buildings.

JINUSHI Co., Ltd. will enter into a fixed-term land lease agreement with Kyushu Electric Power, and the listed company will lease the buildings from Kyushu Electric Power and continue its logistics operations.

Kyushu Electric Power is strengthening its real estate business. By collaborating with JINUSHI Co., Ltd., a stable landowner, they recognized the benefits of "JINUSHI Leaseback," which involves separating only the land of existing facilities, leading to reduced effort and lower acquisition costs, thus realizing this initiative.

Against the backdrop of the Tokyo Stock Exchange's reform urging "management conscious of capital costs and stock prices," companies are reviewing their CRE (Corporate Real Estate) strategies and promoting the effective utilization of owned real estate. JINUSHI Co., Ltd. aims to further expand its acquisitions by capturing these societal changes.

2. About the Acquired Land Both acquired lands are located near highway interchanges, offering excellent transportation convenience. They are expected to be transferable to logistics, factories, and other uses in the future. Fukuoka LandSaga LandLocationKasuya District, Fukuoka PrefectureMiyaki District, Saga PrefectureTypeLandLandLand AreaApprox. 50,000 m²Approx. 25,000 m²

3. Tenant Company Kyushu Electric Power is an electric power company whose main service area is Kyushu. It is listed on the Tokyo Stock Exchange Prime Market. In addition to power generation, it is involved in electricity and gas retail, real estate, and other businesses.

Company Name: Kyushu Electric Power Co., Inc. Head Office Location: 2-1-82 Watanabe-dori, Chuo-ku, Fukuoka City, Fukuoka Prefecture Established: May 1, 1951 4. Acquisition Schedule Sales Agreement Date: March 31, 2026 Settlement and Acquisition Date: Same as above

*1: The acquisition amount includes related expenses. Amounts less than 1 billion yen have been rounded down. ■ Features of JINUSHI Leaseback

As the Tokyo Stock Exchange urges listed companies to adopt "management conscious of capital costs and stock prices," more companies are promoting CRE (Corporate Real Estate) strategies to effectively utilize their owned real estate. In this context, JINUSHI Leaseback is a method that allows companies to secure funds for growth investments and improve management and financial indicators without the hassle of sales procedures and without changing their business operating environment.

While retaining the advantages of traditional sale-and-leaseback transactions that handle land and buildings as an integrated whole, "JINUSHI Leaseback" offers further benefits by limiting the scope to land only.

Examples of "JINUSHI Leaseback" Initiatives (Past Press Releases from Our Company) Date IssuedTitleMarch 11, 2026Acquisition of land in Chuo-ku, Sapporo City through JINUSHI Leaseback proposal (Satsudora Group)February 27, 2026Acquisition of land in Chuo-ku, Sapporo City through JINUSHI Leaseback proposalSeptember 19, 2025Acquisition of land for three existing properties (stores) in Tokyo and Fukuoka from Willplus GroupJuly 8, 2025Acquisition of two tank terminal sites in Tsurumi-ku, Yokohama City and Nishi-ku, Sakai CityJuly 1, 2025Acquisition of land for AEON MALL Hineno store in Izumisano City, Osaka Prefecture - Realizing the continued operation of the company's core store through a joint business with AEON RETAIL Co., Ltd.

Inquiries about "JINUSHI Leaseback" Service Site: https://www.jinushi-jp.com/lp/jinushi-leaseback/