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    3283   JP3047550003

NIPPON PROLOGIS REIT, INC.

(3283)
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Nippon Prologis REIT : Announces Change in Affiliate Structure

07/15/2021 | 02:33am EDT

July 15, 2021

FOR IMMEDIATE RELEASE

Nippon Prologis REIT Announces Change in Affiliate Structure

Nippon Prologis REIT, Inc. ("NPR") today announced a change in the affiliate structure for its asset management company, Prologis REIT Management K.K. ("PLDRM").

1. Overview

Hakuba Special Purpose Company was categorized as PLDRM's "specified related party" (a party engaged in the transactions set forth in Article 29-3, Paragraph 3, Item 1 and Item 2 of the Order for Enforcement of the Financial Instruments and Exchange Act) as of June 1, 2021. This occurred because the total amount paid by NPR for the acquisition of real estate trust beneficiary interest to the company over the previous three years as of the end of the May 2021 fiscal period exceeded 20 percent of NPR's total payment for acquisitions or the total amount received for dispositions of real estate assets and/or real estate trust beneficiary interests.

  1. Effective Date June 1, 2021
  2. Profile of Specified Related Party

Trade name

Hakuba Special Purpose Company

Head office address

Tokyo Building 2-7-3, Marunouchi, Chiyoda-ku, Tokyo

Representative

Shigeru Inada

Capital

100 million yen

Major shareholders

Specified equity member: Prologis Hakuba Pte. Ltd.

1. Acquisition, management and disposition of specified assets in

accordance with an asset securitization plan based on the

Major business

requirements of the Act on Securitization of Assets

2. Any and all ancillary businesses pertaining to asset securitization

business in connection with the business of other aforementioned

specified assets

Relationship with NPR and

Special purpose company for which ProLogis K.K., the parent company

of PLDRM, provides asset management services and in which affiliates

PLDRM

of ProLogis K.K. holds an equity interest as a related party

4. Impact on NPR's Forecasts

NPR does not expect there to be an impact from the change in its affiliate structure to NPR's financial forecasts for the fiscal period ending November 30, 2021 (from June 1, 2021 to November 30, 2021), or

for the fiscal period ending May 31, 2022 (from December 1, 2021 to May 31, 2022), which NPR 1

announced today.

For more information about Nippon Prologis REIT, please visit: https://www.prologis-reit.co.jp/en/

Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283) Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo

Executive Director: Masahiro Sakashita

Asset Management Company: Prologis REIT Management K.K.

Representative: CEO Masahiro Sakashita

Inquiries: CFO Atsushi Toda Tel: +81-3-6867-8585

2

Disclaimer

Nippon Prologis REIT Inc. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 06:32:04 UTC.


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Sales 2022 50 727 M 445 M 445 M
Net income 2022 22 405 M 197 M 197 M
Net Debt 2022 264 B 2 316 M 2 316 M
P/E ratio 2022 44,3x
Yield 2022 2,61%
Capitalization 979 B 8 607 M 8 588 M
EV / Sales 2022 24,5x
EV / Sales 2023 23,3x
Nbr of Employees -
Free-Float 74,1%
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Masahiro Sakashita Executive Officer
Katsumi Shimamura Supervisory Officer
Yoichiro Hamaoka Supervisory Officer
Mami Tazaki Supervisory Officer
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