Make The World More Sustainable
[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
May 11, 2026
Issuer
Ichigo Office REIT Investment Corporation ("Ichigo Office," 8975)2-6-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Takafumi Kagiyama, Executive Director https://www.ichigo-office.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.Representative: Hiroshi Iwai, President
Inquiries: Masahiro Izumi, Head of Finance & Planning Tel: +81-3-4485-5231
Ichigo Office Portfolio Occupancy (Flash Data) - April 2026March 2026 (Final: A) | April 2026 (Flash: B) | Difference (B) - (A) | ||
Total | 96.9% | 97.3% | +0.4% | |
By Asset Type | Office | 96.9% | 97.3% | +0.4% |
Other | 100% | 100% | - | |
By Area | Central Tokyo | 96.3% | 97.2% | +0.9% |
Tokyo Metropolitan Area | 97.5% | 97.4% | -0.1% | |
Four Major Regional Cities | 96.5% | 96.9% | +0.4% | |
Other Regional Cities | 99.6% | 99.6% | - | |
No. of Assets | 87 | 87 | - | |
No. of Tenants | 1,030 | 1,036 | +6 | |
Leasable Area | 260,145.46m2 | 260,100m2 | ||
Leased Area | 252,061.83m2 | 253,200m2 | ||
Notes:
The above are unaudited month-end figures.
Leasable Area is the total area of space available for leasing, and may have small adjustments due to renovations or variations in rental contract terms.
Central Tokyo refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa Wards. Tokyo Metropolitan Area refers to Tokyo (excluding the six wards above), Kanagawa, Chiba, and Saitama Prefectures. Four Major Regional Cities refers to Osaka, Nagoya, Fukuoka, and Sapporo.
Explanation of Changes
While occupancy decreased for Tokyo Metropolitan Area following tenant departures at the Ichigo Tachikawa Koen Dori Building and Ichigo Kawasaki Building, Office, Central Tokyo, and Four Major Regional Cities saw an increase in occupancy due to new tenants at the Ichigo Sakurabashi Building and Ichigo Gotanda Building. Ichigo Office is working towards the rapid lease-ups of the vacant spaces.
Actions Driving Tenant Satisfaction and Earnings
As part of its efforts to increase tenant satisfaction and drive earnings via value-add capex, Ichigo Office completed renovating the fifth floor of the Ichigo Otemachi North Building with an Ichigo-designed Ready to Move In office. Ichigo Office configured the
c. 105m2 floor with a 48m2 tenant area to accommodate diverse workstyles and create a work environment that facilitates daily communication by installing conference rooms, an online meeting booth, and a counter and café space. By further enhancing the space with ancillary functions including a pantry, Ichigo Office improved the convenience and comfort of the entire office and created a space for immediate use after tenants move in. Ichigo Office is working towards a rapid lease-up of the space and c. 30% rent increase.
Ichigo Office will continue to increase tenant satisfaction and the competitiveness of its assets to drive higher value for its shareholders.
Ichigo Otemachi North Building
