Securities Report (Domestic Investment Trust Beneficiary Securities) - Period 4 (2025/04/01 - 2026/03/31)

BlackRock Japan Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Securities) - Period 4 (2025/04/01 - 2026/03/31)

This document is a Securities Report submitted by BlackRock Japan Co., Ltd. in accordance with the Financial Instruments and Exchange Act, covering the fourth period from April 1, 2025 to March 31, 2026. The securities covered are domestic investment trust beneficiary securities, disclosing key information necessary for investment decisions, including investment performance, asset status, risk factors, and management outlook.

The purpose of this report is to provide investors and other stakeholders with accurate and comprehensive information regarding the financial condition and operational results of the investment trust. The content includes financial statements, management policies, breakdowns of investment targets by sector and region, fee structures, trust remuneration, changes in investment strategies, compliance systems, and internal management controls.

Additionally, the report discusses macroeconomic forecasts, market trend analyses, and future strategic directions, offering investors a basis for assessing potential returns and risks. The report will be submitted to the Financial Services Agency and made publicly available via EDINET (Electronic Disclosure for Investors' NET).

The investment trust follows a fundamental policy of diversified investments across various asset classes, including domestic and international equities, bonds, real estate investment trusts (REITs), and infrastructure-related assets. Regarding risk management, the report outlines quantitative assessments using Value-at-Risk (VaR) and stress testing, along with management frameworks for credit risk, liquidity risk, and foreign exchange risk.

As the asset manager, BlackRock Japan Co., Ltd. leverages its global network and proprietary alpha-generation platform 'Aladdin' to execute data-driven investment decisions. The report also provides detailed disclosures on the Aladdin system's risk monitoring mechanisms and the integration of ESG (Environmental, Social, and Governance) factors.

Key metrics such as total net assets, number of beneficiaries, dividend distribution records, and investment trust returns (over the past 1, 3, and 5 years) are included, serving as critical references for investor performance evaluation. The report also presents the investment strategy and market outlook for the fiscal year ending March 2026.

This report is a crucial document for investor protection and market transparency, published on a regular basis. Investors are strongly advised to thoroughly review its contents before making investment decisions.