Announcement of the "Commons Impact Fund ~Co-creation~" 2024-2025 Annual Report Publication

Commons Asset Management Co., Ltd. (Headquarters: Minato-ku, Tokyo, President & CEO: Tetsuro Ii, hereinafter "Commons AM") has published the annual report for the "Commons Impact Fund ~Co-creation~," a qualified institutional investor-only fund investing in domestically listed stocks, which began operations in May 2022.

This fund, which also aims to advance the entire investment chain, involves collaboration between asset owner Japan Post Insurance Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Director, President & CEO: Kunio Yagaki, hereinafter "Japan Post Insurance"), asset manager Commons AM, and Ridilover Inc. (Headquarters: Bunkyo-ku, Tokyo, President & CEO: Toshiki Abe, hereinafter "Ridilover"), which sets, measures, and evaluates KPIs (Key Performance Indicators) for social issues addressed by companies. The three parties have engaged deeply with companies to create positive social impact.

Participants in the engagement sessions included members from various departments such as top management, executive officers in charge, corporate planning, human resources, sustainability promotion, and IR departments. Discussions were held on the content of positive environmental and social impacts, specific logic models, and KPI setting.

Nearly four years have passed since the fund's inception. We feel that the advancement of the investment chain is beginning to be realized, using "impact" as a common language.

Commons Impact Fund ~Co-creation~ 2024-2025 Annual Report

▼For viewing:

https://www.commons30.jp/pdf/news/annual-report_2025_j01.pdf

▼For printing:

https://www.commons30.jp/pdf/news/annual-report_2025_j02.pdf

This report includes messages from the representatives and business leaders of Japan Post Insurance, Ridilover, and Commons AM, as well as a review of the past three years and a message from Shibusawa, our Chairman and a pioneer in impact investing, regarding the Theory of Change (ToC).

It provides insight into the aspirations of the three companies in undertaking this fund and the future they envision. We hope you will also feel the atmosphere of the engagement sessions mentioned above.

Additionally, this year's report features an on-site visit to Toray Industries, Inc. (TORAY) as part of our investment company site inspections, and a dialogue with Mr. Hideo Misawa, President and CEO of Yukalia Co., Ltd., to introduce changes driven by impact-oriented management. It also includes activity reports on "Comorebi," our fund's donation program.

We encourage you to take a look.

Report Contents

▶ Messages from the Representatives and Business Leaders of the Three Companies

▶ Chapter 1: What is the Commons Impact Fund?

▶ The Three-Year Journey of the Commons Impact Fund

▶ Theory of Change (ToC) of the Commons Impact Fund

▶ Message from a Pioneer

▶ Chapter 2: Impact Measurement and Management

▶ Site Visit to Investment Company (Toray Industries, Inc.)

▶ Chapter 3: Impact Report of Investment Companies
▶ Dialogue with Investment Company (Yukalia Co., Ltd.)

▶ Donation Program "Comorebi"

▶ Fund Performance Report

▶ Overview of the Three Companies Involved in the Fund

【Company Profile】

Company Name: Commons Asset Management Co., Ltd.

　　　　　　 Financial Instruments Business Operator (Investment Management Business, Type II Financial Instruments Business Operator)

　　　　　　 Kanto Local Finance Bureau (Financial Instruments) No. 2061

Representative: Tetsuro Ii, President & CEO

Location: 16F, Pola Aoyama Building, 2-5-17 Aoyama, Minato-ku, Tokyo 107-0062

Established: November 2007

Business Activities: Establishment, management, and sale of investment trusts

Memberships: The Investment Trusts Association, Japan; The Investment Advisers Association, Japan

URL: https://www.commons30.jp