Joint Business with Kyushu Electric Power: Acquisition of Land for Two Logistics Properties from a Listed Company
JINUSHI Co., Ltd. launches a leaseback business with Kyushu Electric Power to acquire land for logistics facilities for over 5 billion yen.
📋 Article Processing Timeline
- 📰 Published: April 1, 2026 at 00:30
- 🔍 Collected: April 1, 2026 at 01:06 (36 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 13:55 (372h 48m after Collected)
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 Land | Saga Land | |
|---|---|---|
| Location | Kasuya District, Fukuoka Prefecture | Miyaki District, Saga Prefecture |
| Type | Land | Land |
| Land Area | Approx. 50,000 m² | Approx. 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)
■ Inquiries about "JINUSHI Leaseback"
Service Site: https://www.jinushi-jp.com/lp/jinushi-leaseback/
FAQ
What is the purpose of the joint business with Kyushu Electric Power?
This initiative is an example of "JINUSHI Leaseback," where JINUSHI Co., Ltd. acquires the land of two logistics properties owned by a listed company, and Kyushu Electric Power acquires the buildings. This allows companies to secure funds and improve their financial standing through effective utilization of owned real estate, while Kyushu Electric Power strengthens its real estate business.
What kind of scheme is "JINUSHI Leaseback"?
"JINUSHI Leaseback" is a system where JINUSHI Co., Ltd. acquires only the land of a company's owned real estate, and the company continues to use (lease) the building. This enables companies to raise funds and improve their financial situation without changing their business operating environment.
Please provide an overview of the acquired land.
The acquired land includes approximately 50,000 m² in Kasuya District, Fukuoka Prefecture, and approximately 25,000 m² in Miyaki District, Saga Prefecture. Both are located near highway interchanges and offer excellent transportation convenience.
Why are such real estate transactions increasing now?
As the Tokyo Stock Exchange urges listed companies to adopt "management conscious of capital costs and stock prices," companies are strengthening their CRE strategies to effectively utilize their owned real estate. JINUSHI Leaseback meets these corporate needs.