Ichigo Office Reit Investment CorporationTSE: 8975

Portfolio Occupancy (Flash Data) – March 2026

· Issued by Ichigo Office Reit Investment Corporation


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.

April 6, 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) - March 2026

February 2026 (Final: A)

March 2026 (Flash: B)

Difference

(B) - (A)

Total

97.1%

96.9%

-0.2%

By Asset Type

Office

97.0%

96.9%

-0.1%

Other

100%

100%

-

By Area

Central Tokyo

97.1%

96.3%

-0.8%

Tokyo Metropolitan

Area

97.2%

97.5%

+0.3%

Four Major

Regional Cities

96.0%

96.5%

+0.5%

Other Regional Cities

99.6%

99.6%

-

No. of Assets

87

87

-

No. of Tenants

1,033

1,030

-3

Leasable Area

260,145.46m2

260,100m2

Leased Area

252,520.91m2

252,000m2

Notes:

  1. The above are unaudited month-end figures.

  2. 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.

  3. 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 Office and Central Tokyo following tenant departures at the Ichigo Sakurabashi Building and Ichigo Jingumae Building, Tokyo Metropolitan Area and Four Major Regional Cities saw an increase in occupancy due to new tenants at the Ichigo Minami Otsuka Building and Ichigo Nagoya 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 leased up a space at the Ichigo Tachikawa Koen Dori Building that was vacant at the time of acquisition in December 2025 to a new tenant at the initially anticipated rent level. As a result of setting appropriate rent levels and strategic leasing activities that considers area characteristics and market rent levels, Ichigo Office has steadily delivered earnings growth since acquisition while rapidly leasing up vacant spaces. This is one example of Ichigo Office driving earnings by closing the rent gap (difference between the existing rent and market rent).

Ichigo Office will continue to increase tenant satisfaction and the competitiveness of its assets to drive higher value for its shareholders.

Ichigo Tachikawa Koen Dori Building