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    8987   JP3046420000

JAPAN EXCELLENT, INC.

(8987)
  Report
Delayed Japan Exchange  -  01:00 2022-12-05 am EST
135600.00 JPY   +0.82%
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Japan Excellent : Notice Concerning Use of 100% Renewable Energy Compatible with “RE100” for Operation of Omori Bellport D

02/27/2022 | 09:42pm EST

For Immediate Release

For Translation Purposes Only

February 28, 2022

Japan Excellent, Inc. (TSE: 8987)

Shuichiro Kayama, Executive Director

Asset Management Company:

Japan Excellent Asset Management Co., Ltd.

Representative:

Shuichiro Kayama, President

Contact:

Kazue Horikawa

General Manager, Corporate Planning Dept.

TEL: +81-3-5412-7911

Notice Concerning Use of 100% Renewable Energy Compatible with "RE100" for Operation of

Omori Bellport D

Japan Excellent, Inc. (hereinafter "JEI") announces that, starting from March 2022, all the electricity necessary for the operation of Omori Bellport D, which is owned by JEI, will be sourced from "RE100" derived from renewable energy.

1. Overview

Starting from March 2022, all the electricity necessary for the operation of Omori Bellport D, which is owned by JEI, will be sourced from "RE100" derived from renewable energy. This means that CO2 emissions from electricity consumption of Omori Bellport D will be reduced to zero.

"Renewable energy" refers to a clean and CO2 emission-free energy system where all energy use is sourced from renewable energy sources such as solar, water, wind, geothermal, and biomass power, and does not use petroleum, coal or other fossil fuels.

Through this initiative, JEI will contribute to two of the UN Sustainable Development Goals: Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action).

As a result of this initiative, the total number of properties that use CO2 emission-free electricity will increase to twelve (including planned properties).

- 1 -

  1. Commencement Date of Supply March 25, 2022 (schedule)
  2. JEI's Future Initiatives

JEI upholds a basic policy to work to reduce environmental burden and to cooperate/collaborate with stakeholders to realize a sustainable society. We will continue to advance initiatives for sustainability including environmental and energy-saving measures as well as improving the energy use efficiency of owned buildings.

Japan Excellent, Inc. Website: https://www.excellent-reit.co.jp/en/

- 2 -

Disclaimer

Japan Excellent Inc. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 02:41:00 UTC.


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Financials
Sales 2022 22 130 M 164 M 164 M
Net income 2022 8 202 M 60,6 M 60,6 M
Net Debt 2022 116 B 861 M 861 M
P/E ratio 2022 20,1x
Yield 2022 -
Capitalization 181 B 1 340 M 1 340 M
EV / Sales 2021 15,6x
EV / Sales 2022 12,7x
Nbr of Employees -
Free-Float 90,1%
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Last Close Price 134 500,00
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Managers and Directors
Shunichi Maekawa Supervisory Officer
Eiji Takagi Supervisory Officer
Shuichiro Kayama Executive Officer
Osamu Hirakawa Supervisory Officer
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