SBI Securities and NBI Holdings Launch Hot Spring Ryokan Fund

ER27 Co., Ltd., a group company of SBI Securities (Head Office: Minato-ku, Tokyo, President and Representative Director: Masato Takamura, hereinafter "SBI Securities"), has made a limited partnership investment in the fund "NBI Atami Investment LLC" (hereinafter "the Fund"), established by NBI Holdings Co., Ltd. (hereinafter "NBI Holdings"), which aims to enhance the value and operations of the luxury hot spring ryokan "Atami Sangai" (hereinafter "the Property") in Atami Onsen, Shizuoka Prefecture. NBI Holdings will operate as the asset manager, promoting further value enhancement as a luxury hot spring ryokan. SBI Securities, with its extensive network and capital in the finance and investment fields, and NBI Holdings, which promotes regional revitalization through value-up investments in accommodation facilities like ryokans, will collaborate to improve the value of this property. Showa Lease Co., Ltd. (Head Office: Chuo-ku, Tokyo, President and Representative Director: Shinsuke Yasuyama) will participate as the financial advisor. Following the start of the Fund's operation, renovation work including an increase in guest rooms will be carried out. By adding new value, the ryokan will be rebuilt into a design-conscious, luxury-grade hot spring ryokan offering a high-quality stay experience. Financier: NBI Atami Investment LLC Limited Partnership Investor: ER27 Co., Ltd. (SBI Securities Group Company) Financial Advisor: Showa Lease Co., Ltd. Lenders: Yamanashi Chuo Bank, Ltd., Shimizu Bank, Ltd. Asset Manager: NBI Holdings Co., Ltd. Property: Property Name: Atami Sangai Location: 591-102 Ajiro, Atami City, Shizuoka Prefecture Access: Approximately 25 minutes by car from Atami Station on the Tokaido Shinkansen Number of Rooms: 7 rooms (before renovation) / 8 rooms (after renovation) (Image: Scheme Diagram) (Image: Renovation Image) **SBI Securities Co., Ltd.** Representative Director: Masato Takamura Head Office Location: 1-6-1 Roppongi, Minato-ku, Tokyo Established: March 30, 1944 Capital: 54.32314 billion yen Business Description: Online comprehensive securities Registration/License: Financial Instruments Business Operator, Kanto Local Finance Bureau (Kinsho) No. 44 (Type I Financial Instruments Business, Type II Financial Instruments Business, Investment Advisory and Agency Business) Official Website: https://www.sbisec.co.jp/ Masato Takamura Graduated from Keio University's Faculty of Law in 1992 and joined Sanwa Bank (now MUFG Bank). In 2005, he joined e-Trade Securities (now SBI Securities). He became a Director and Executive Officer of SBI e-Trade Securities (now SBI Securities) in 2007. In 2012, he became Senior Managing Director of SBI Securities, and in 2013, he was appointed President and Representative Director. Since 2022, he has been Vice President and COO of SBI Holdings. **NBI Holdings Co., Ltd.** Representative Director: Takayuki Kanaya Head Office Location: 1-2-9 Nishi-Shimbashi, Minato-ku, Tokyo, Hibiya Central Building 5F Established: August 20, 2024 Capital: 50 million yen Business Description: Real estate investment business, financial services business, regional revitalization business Registration/License: Financial Instruments Business Operator, Kanto Local Finance Bureau (Kinsho) No. 3494 (Investment Management Business); Comprehensive Real Estate Investment Advisor Business (Comprehensive) No. 182; Real Estate Transaction Business, Governor of Tokyo (1) No. 111678 Official Website: https://nbi-hd.co.jp/ Takayuki Kanaya Born in Tokyo in 1981. Graduated from Keio University's Faculty of Economics in 2004. After working at a major real estate company and a real estate investment fund, he joined Hoshino Resorts Co., Ltd. in 2012. In the same year, he was appointed Director and Head of Investment Management Department at Hoshino Resorts Asset Management Co., Ltd., the asset management company for Hoshino Resorts REIT. He became a Director of Hoshino Resorts Co., Ltd. in 2020. Subsequently, after working at investment companies such as Resa Partners Co., Ltd., he became Representative Director of NBI Holdings Co., Ltd. in September 2024. He has been involved in hotel real estate investments exceeding approximately 200 billion yen, corporate acquisitions, and the establishment of multiple new funds, including the launch of listed REITs. **Showa Lease Co., Ltd.** Representative Director: Shinsuke Yasuyama Head Office Location: 2-4-3 Nihonbashi Muromachi, Chuo-ku, Tokyo, Nihonbashi Muromachi Nomura Building Established: April 2, 1969 Capital: 29.36 billion yen Business Description: General leasing business, leasing and installment sales of information-related equipment, industrial and machine tools, construction machinery, medical equipment, commercial facilities, aircraft, etc., various financing services, life insurance solicitation business. Registration/License: Financial Instruments Business Operator, Kanto Local Finance Bureau (Kinsho) No. 1848 (Type II Financial Instruments Business); Lender, Kanto Local Finance Bureau (14) No. 00381. Trade Name, etc.: SBI Securities Co., Ltd. Financial Instruments Business Operator, Commodity Futures Operator Registration Number: Kanto Local Finance Bureau (Kinsho) No. 44 Affiliated Associations: Japan Securities Dealers Association, Financial Futures Association of Japan, Association of Type II Financial Instruments Business Operators, Investment Trust Association, Japan STO Association, The Japan Commodity Futures Association, Japan Virtual and Crypto Assets Exchange Association. Opening and management fees for SBI Securities' comprehensive securities account are free. Investing in products handled by SBI Securities may incur prescribed fees and necessary expenses for each product. Furthermore, prices of each product may fluctuate, leading to potential losses (credit trading, futures/options trading, commodity futures trading, foreign exchange margin trading, Exchange CFD (Click 365), OTC CFD trading (SBI CFD) may result in losses exceeding the deposited margin/collateral (principal)). Fees and risks associated with investing in each product vary, so please refer to the respective product pages on the SBI Securities website, the disclosure under the Financial Instruments and Exchange Act, etc., or pre-contract disclosure documents for details.