March 25, 2026
For Translation Purpose Only
Japan Prime Realty Investment Corporation Satoshi Eida, Executive Officer
(Securities Code: 8955)
Asset Management Company:
Tokyo Tatemono Realty Investment Management, Inc. Satoshi Eida, President and CEO
Inquiries: Yoshinaga Nomura, General Manager of Finance and Administration Division, Director and CFO (TEL: +81-3-3516-1591)
Notice Concerning Property Acquisition (Conclusion of Contract) "Additional Acquisition of JPR Dojima West"Japan Prime Realty Investment Corporation (JPR) announced that Tokyo Tatemono Realty Investment Management, Inc. (TRIM), the asset management company to which JPR entrusts management of its assets, today decided to implement additional acquisition of a property (hereinafter the "Acquisition"), as described below.
Details
Reason for Acquisition
JPR decided to acquire the property as part of its growth strategy aimed at improving portfolio quality and profitability.
The property offers excellent transportation access, located a 5-minute walk from Nishi-Umeda Station on the Osaka Metro Yotsubashi Line and a 9-minute walk from JR Osaka Station. Nearby, the ONE DOJIMA PROJECT, which comprises Brillia Tower Dojima and the Four Seasons Hotel Osaka, both developed by Tokyo Tatemono Co., Ltd., JPR's sponsor, and others, has commenced operations, further enhancing the area's competitiveness.
JPR has held an ownership interest equivalent to 95.4% of the property and the percentage of ownership interest will be 100% after the acquisition.
Acquisition Details
Property Name
Asset Class
Acquisition Price
Appraisal Value
NOI
Yield
NOI Yield after
Depreciation
JPR Dojima West (141.50 m2on 1st floor)
Office
105 million yen
133 million yen
5.3%
4.7%
Contract Date: March 25, 2026
Planned Acquisition Date: March 26, 2026
Seller: Tokyo Tatemono Co., Ltd.
Funding: Own funds
Payment Method: Lump-sum payment at the time of delivery
Brokerage: None
(NOTE 1) "Acquisition Price" excludes acquisition costs, property taxes, city planning taxes and consumption taxes.
(NOTE 2) "NOI Yield" is NOI divided by the acquisition price and is rounded to the first decimal place. "NOI" is net operating income stated in the real estate appraisal report.
(NOTE 3) "NOI Yield after Depreciation" is NOI after depreciation divided by the acquisition price and is rounded to the first decimal place. "NOI after Depreciation" is NOI less forecast depreciation.
Details of Property for Acquisition
Property Name
JPR Dojima West
Location
3-5 Dojima 2-chome, Kita-ku, Osaka City, Osaka Prefecture
Asset Type
Real estate
Asset Class
Office
Type of Structure
Steel construction, RC flat roofed, B1/7F
Type of Ownership
Land: Ownership (Share of the right of site: 14,791/321,934) Building: Sectional Ownership [part of the 1st floor]
(Proprietary floor area 141.50 m2)
Site Area
Land: Total site area 938.01 m2(entire area)
Building: Gross floor area 4,977.52 m2(entire building)
Completion Date
July 1996
Probable Maximum Loss (PML)
4.6% (Sompo Risk Management Inc.)
Acquisition Price
105 million yen
Appraisal Value (Appraisal Date)
133 million yen (as of January 31, 2026)
Appraiser
Japan Valuers Co., Ltd.
Collateral
None
Status of Leasing
Number of Tenants
1
Rent Revenue, Common Charges (Annual)
Not disclosed
Lease and Guarantee Deposits
Not disclosed
Total Leased Floor Space
147.91 m2
Total Leasable Floor Space
147.91 m2
Occupancy Rate
100%
Remarks
None in particular
(NOTE 1) All amounts less than one million yen have been rounded down, and all rates have been rounded to the first decimal place.
(NOTE 2) "Location" indicates the residential address.
(NOTE 3) The information in "Asset Class," "Type of Structure" and "Completion Date" is as stated in the registry.
(NOTE 4) "Status of Leasing" indicates the figures at the time of the conclusion of relevant agreements for the portion planned for acquisition in this transaction.
(NOTE 5) "Rent Revenue, Common Charges (Annual)" and "Lease and Guarantee Deposits" are not disclosed because approval for disclosure is not acquired from the tenant.
Seller Profile
Company Name
Tokyo Tatemono Co., Ltd.
Head Office Address
9-9, Yaesu 1-chome, Chuo-ku, Tokyo
Representative
Katsuhito Ozawa, President and CEO and Executive Officer
Paid-in Capital
92,451 million yen
Principal Activities
Real estate business
Establishment
October 1, 1896
Consolidated Net Assets
603,137 million yen (as of December 31, 2025)
Consolidated Total Assets
2,272,720 million yen (as of December 31, 2025)
Major Shareholders and Shareholding Ratios
(as of December 31, 2025)
The Master Trust Bank of Japan, Ltd. (Trust Account): 18.49% Custody Bank of Japan, Ltd. (Trust Account): 11.59%
Japan Securities Finance Co., Ltd.: 2.29%
Relationship with JPR and TRIM
Capital Relationship
As of the fiscal period ended December 31, 2025, Tokyo Tatemono Co., Ltd. owned investment units of JPR equivalent to 3.03% of the investment units issued and outstanding. In addition, the concerned company owned 100% of the shares issued and outstanding in TRIM.
Personal Relationship
As of the fiscal period ended December 31, 2025, nine of the officers and employees of TRIM (excluding part-time directors) were those seconded from the concerned
company.
Business Relationship
The concerned company is the former owner and former trust beneficiary of some of the assets held by JPR, and has also entered into several ancillary service contracts related to JPR's assets.
Related Party or Not
The concerned company does not fall within the definition of a related party of JPR. The concerned company falls within the definition of a related party of TRIM.
Other
The concerned company is a shareholder of TRIM and falls within the scope of interested parties as defined in the rules of JPR's Board of Directors as well as within the scope of related parties as defined in the Enforcement Order for the Act on Investment Trusts and Investment Corporations. Accordingly, JPR's Board of Directors has provided its authorization before entering into an agreement with the concerned
company.
Profile of Previous Owners
Seller (Previous Owner)
Owner prior to the previous owner
Company Name
Tokyo Tatemono Co., Ltd.
Except for those with a special interest
Relationship with Parties Having Special Interest Relationship
Refer to "Seller Profile" above
-
Background and Reason of Acquisition
Acquisition for the purpose of investment and management
-
Acquisition Price
Omitted as the property has been owned for more than a year
-
Acquisition Date
December 2017
-
Outlook
The impact of the Acquisition on the operating results of JPR is minimal, and JPR will not change its operating forecasts for the fiscal periods ending June 30, 2026 and December 31, 2026.
Updated Overview of Appraisal Report
Property Name | JPR Dojima West |
Appraisal Value | 133 million yen |
Real Estate Appraiser | Japan Valuers Co., Ltd. |
Appraisal Date | January 31, 2026 |
Types of Value | Fair value |
Item | Amount (thousand yen) | General Outline | |||
Appraisal Value by Capitalization Method | 133,000 | Valued using the DCF and direct capitalization methods | |||
Appraisal Value by Direct Capitalization Method | 131,000 | ||||
Operating Revenue | - | Not disclosed (Note 1) | |||
Potential Gross Cash Flow | - | ||||
Loss from Vacancies | - | ||||
Operating Expenses | - | ||||
Maintenance Expenses and Property Management Fee | - | ||||
Utilities Expenses | - | ||||
Repairs and Maintenance | - | ||||
Tenant Solicitation Expenses | - | ||||
Tax and Public Dues | - | ||||
Insurance Premium | - | ||||
Other Expenses | - | ||||
Net Operating Income | 5,533 | ||||
Profit through Management of Temporary Deposits, Etc. | - | Not disclosed (Note 1) | |||
Capital Expenditure | - | ||||
Net Cash Flow | 4,850 | Net Operating Income + Profit through Management of Temporary Deposits, Etc. - Capital Expenditure | |||
Capitalization Rate | 3.7% | Assessed considering the location and individuality of the property and referencing market-derived capitalization rates for the same purpose | |||
Appraisal Value through the Discount Cash Flow (DCF) Method | 135,000 | ||||
Discount Rate | 3.4% | Assessed considering the location and individuality of the property and referencing market-derived capitalization rates for the same purpose | |||
Terminal Capitalization Rate | 3.8% | Valued by taking into account the above capitalization rate and uncertainties, etc. | |||
Appraisal Value by Cost Method | 132,000 | ||||
Land Ratio | 92.4% | ||||
Building Ratio | 7.6% | ||||
Other Items Considered upon Appraisal | None in particular |
(Note 1) Figures are not disclosed as no consent for disclosure has been obtained from the tenant.
[Attachment]
Real Estate Portfolio after the Acquisition (yen in millions)
Area | Asset Class | Property No. | Property Name | Acquisition Price | Investment Ratio | Investment Ratio by Area |
Central Tokyo | Office | A-1 | Kanematsu Bldg. | 16,276 | 2.9% | 45.7% |
A-2 | Kanematsu Bldg. Annex | 2,874 | 0.5% | |||
A-3 | JPR Ningyocho Bldg. | 2,100 | 0.4% | |||
A-4 | Shin-Kojimachi Bldg. | 2,420 | 0.4% | |||
A-6 | MS Shibaura Bldg. | 11,200 | 2.0% | |||
A-9 | JPR Ichigaya Bldg. | 5,100 | 0.9% | |||
A-10 | Oval Court Ohsaki Mark West | 3,500 | 0.6% | |||
A-11 | Shinjuku Square Tower | 14,966 | 2.7% | |||
A-12 | BYGS Shinjuku Bldg. | 15,121 | 2.7% | |||
A-13 | Across Shinkawa Bldg. Annex | 710 | 0.1% | |||
A-14 | Shinjuku Center Bldg. | 24,320 | 4.4% | |||
A-16 | Shinagawa Canal Bldg. | 2,041 | 0.4% | |||
A-17 | Rokubancho Bldg. | 2,800 | 0.5% | |||
A-18 | JPR Harajuku Bldg. | 8,400 | 1.5% | |||
A-20 | JPR Nihonbashi-horidome Bldg. | 5,100 | 0.9% | |||
A-22 | Ginza Sanwa Bldg. | 3,400 | 0.6% | |||
A-23 | The Otemachi Tower (land with Leasehold Interest) | 36,000 | 6.5% | |||
A-24 | Science Plaza - Yonbancho Plaza | 2,660 | 0.5% | |||
A-25 | Shibadaimon Center Bldg. | 4,213 | 0.8% | |||
A-26 | Tokyo Square Garden | 18,400 | 3.3% | |||
A-27 | JPR Kojimachi Bldg. | 5,750 | 1.0% | |||
A-28 | Otemachi Financial City North Tower | 11,400 | 2.1% | |||
A-29 | Tokyo Tatemono Higashi-Shibuya Bldg. | 11,300 | 2.0% | |||
A-30 | Ochanomizu Sola City | 6,490 | 1.2% | |||
Retail | A-1 | JPR Shibuya Tower Records Bldg. | 12,000 | 2.2% | ||
A-3 | JPR Jingumae 432 | 4,275 | 0.8% | |||
A-4 | Shinjuku Sanchome East Bldg. | 2,740 | 0.5% | |||
A-5 | Yurakucho Ekimae Bldg. (Yurakucho Itocia) | 3,400 | 0.6% | |||
A-6 | JPR Ginza Namiki-dori Building | 10,100 | 1.8% | |||
A-7 | FUNDES Suidobashi | 3,250 | 0.6% | |||
Greater Tokyo | Office | B-1 | Arca East Bldg. | 5,880 | 1.1% | 37.9% |
B-2 | JPR Chiba Bldg. | 2,350 | 0.4% | |||
B-5 | Shinyokohama 2nd Center Bldg. | 1,490 | 0.3% | |||
B-6 | Kawaguchi Center Bldg. | 8,100 | 1.5% | |||
B-8 | Tachikawa Business Center Bldg. | 3,188 | 0.6% | |||
B-9 | Rise Arena Bldg. | 13,131 | 2.4% | |||
B-10 | Yume-ooka Office Tower | 6,510 | 1.2% | |||
B-11 | Olinas Tower | 31,300 | 5.7% | |||
B-12 | JPR Yokohama Bldg. | 7,000 | 1.3% | |||
B-13 | JPR Omiya Bldg. | 6,090 | 1.1% | |||
B-14 | Sencity Bldg. | 13,870 | 2.5% | |||
B-15 | Nakano Central Park East | 52,907 | 9.6% | |||
Retail | B-1 | Tanashi ASTA | 10,200 | 1.8% | ||
B-3 | Cupo-la Main Bldg. | 2,100 | 0.4% | |||
B-4 | JPR Musashikosugi Bldg. | 7,254 | 1.3% | |||
B-5 | Musashiurawa Shopping Square | 4,335 | 0.8% | |||
B-6 | Kawasaki DICE Bldg. | 15,080 | 2.7% | |||
B-7 | FUNDES Ueno | 3,800 | 0.7% | |||
B-8 | FUNDES Kamata | 8,010 | 1.5% | |||
B-9 | Hotel Gracery Asakusa | 6,700 | 1.2% | |||
Other Cities | Office | C-1 | Niigata Ekinan Center Bldg. | 2,140 | 0.4% | 16.4% |
C-9 | JPR Naha Bldg. | 1,560 | 0.3% | |||
C-12 | Sompo Japan Sendai Bldg. | 3,150 | 0.6% | |||
C-13 | Sompo Japan Wakayama Bldg. | 1,670 | 0.3% | |||
C-14 | Tenjin 121 Bldg. | 2,810 | 0.5% | |||
C-17 | JPR Dojima Bldg. | 2,140 | 0.4% | |||
C-20 | Yakuin Business Garden | 10,996 | 2.0% | |||
C-21 | JPR Shinsaibashi Bldg. | 5,430 | 1.0% | |||
C-22 | JPR Shinsaibashi West | 3,776 | 0.7% | |||
C-23 | GRAND FRONT OSAKA (Umekita Plaza and South Building) | 21,000 | 3.8% | |||
C-24 | GRAND FRONT OSAKA (North Building) | 17,500 | 3.2% | |||
C-25 | JPR Dojima West | 2,565 | 0.5% | |||
Retail | C-5 | JPR Chayamachi Bldg. | 6,000 | 1.1% | ||
C-6 | FUNDES Tenjin Nishi Dori | 3,310 | 0.6% | |||
C-7 | The Royal Park Canvas Nagoya | 6,500 | 1.2% | |||
Total | 552,149 | 100.0% | ||||
(Note 1) "Acquisition Price" does not include acquisition costs.
(Note 2) "Acquisition Price" is rounded down to the nearest million yen and percentages are rounded to the first decimal place.