Ichiken Corporation: HAJIME Asset Management Participates in Formation of Private Fund Targeting Rental Detached Houses Owned by Ichiken

HAJIME Asset Management Participates in the Formation of a Private Fund Targeting Rental Detached Houses Owned by Ichiken Corporation Ichiken Corporation (Headquarters: Toshima-ku, Tokyo; Representative Director: Tadami Horiguchi; hereinafter, Ichiken), a core company of Iida Group Holdings, and HAJIME Asset Management Co., Ltd. (Headquarters: Toshima-ku, Tokyo; Representative Director and President: Hidemichi Nakahara; hereinafter, HAJIME Asset Management) have transferred rental detached houses owned by Ichiken to a private fund named "Godo Kaisha Casa" (hereinafter, "the Fund"), in which HAJIME Asset Management participated in its formation and was appointed to provide sub-asset management services. For HAJIME Asset Management, this project marks its first engagement in sub-asset management services and its first operation as a sub-AM since the company's establishment. The Fund invests in detached houses originally built by Ichiken for sale, which were later converted and operated as rental properties, by securitizing them into real estate trust beneficiary rights. A distinctive feature of the target properties is that all of them are detached houses located in Tokyo and the three surrounding prefectures (Saitama, Chiba, Kanagawa), ensuring a high degree of risk diversification. Furthermore, being wooden structures, they contribute to reducing environmental impact. Company Name: Godo Kaisha Casa Assets Under Management: Approximately 1.8 billion JPY Asset Manager: Sumisho Realty Management Co., Ltd. Sub-Asset Manager: HAJIME Asset Management Co., Ltd. Formation Date: April 30, 2026 Operation Period: 5 years HAJIME Asset Management will continue to actively pursue fund formation activities aimed at the securitization of rental properties held by Ichiken and other Iida Group companies. Furthermore, the company aims to commence operations of private REITs in the future and is progressing with concrete preparations, including obtaining necessary licenses and permits. Outline of HAJIME Asset Management Co., Ltd. Company Name: HAJIME Asset Management Co., Ltd. Representative Director: Hidemichi Nakahara Head Office: Fujihisa Building East 5, 2-25-5 Minami-Ikebukuro, Toshima-ku, Tokyo 171-0022 Established: July 1, 2025 Capital: 100 million JPY Business Activities: Asset Management Company Website: https://hajime-am.co.jp Outline of Ichiken Corporation Company Name: Ichiken Corporation Representative Director: Tadami Horiguchi Head Office: Fujihisa Building East 5, 2-25-5 Minami-Ikebukuro, Toshima-ku, Tokyo 171-0022 Established: February 13, 1967 Capital: 3.298 billion JPY Business Activities: Detached houses for sale, condominiums for sale, custom-built homes, renovation, asset solutions (investment rental detached houses, effective land utilization), Leaseback Plus+ Company Websites: https://www.hajime-kensetsu.co.jp/for-living/ready-built/ https://www.hajime-kensetsu.co.jp/for-living/apartment/ https://www.hajime-kensetsu.co.jp/for-living/custom-built/ https://www.hajime-kensetsu.co.jp/for-living/renovation/ https://www.hajime-kensetsu.co.jp/become-an-owner/investment/ https://www.hajime-kensetsu.co.jp/become-an-owner/lease-back-plus/ Contact for inquiries regarding this fund: HAJIME Asset Management Co., Ltd. Investment Planning Department TEL: 03-5928-1777