Ichigo : Sale of 17 Residential Assets

About this update from Ichigo Inc.

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. August 18, 2022 Ichigo Inc. (Tokyo Stock Exchange Prime, 2337) Representative: Scott Callon, Chairman Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer Telephone: +81-3-3502-4818 www.ichigo.gr.jp/en Sale of 17 Residential Assets Ichigo Owners, Ichigo's wholly-owned subsidiary, today sold 17 residential assets (total sale price: JPY 20.9 billion) in central Tokyo. 1. Sale Rationale Ichigo Owners provides high-quality real estate assets tailored to clients' long-term real estate investment needs, as captured through its extensive communication with clients. Ichigo Owners, now in its sixth year of operation, continues to work to acquire and lease up high-qualitynewly-built central Tokyo residential assets. Ichigo Owners has agreed to sell assets, for which it has completed leasing up and has thus secured highly- stable ongoing earnings streams, to several third-party domestic SPCs with investments from long-term institutional investors. 2. Buyer Overview While the buyers have not provided consent to disclose their names, they are multiple domestic SPCs with investments from institutional investors unrelated to Ichigo. 3. Transaction Schedule Ichigo Owners' Board Resolution Date August 18, 2022 Contract Date August 18, 2022 Settlement Date September 30, 2022 (expected) 4. Earnings Impact On today's sale, Ichigo expects to record FY23/2 revenue of JPY 20.9 billion and recurring profit and net income each greater than 30% of FY22/2 recurring profit and net income, respectively. This impact has already been reflected in Ichigo's FY23/2 consolidated earnings forecast announced on April 19, 2022.

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