Nomura Real Estate : Establishing Infrastructure & Industry Development Business Unit to Strengthen Social and Industrial Infrastructure Development Strategic Partnership with Oishii Farm (Nomura Real Estate Development Co., Ltd.)

Press Release

May 13th, 2026 Nomura Real Estate Development Co., Ltd.

Nomura Real Estate Development Co., Ltd. (“Nomura Real Estate”, Head office: Minato-ku, Tokyo; President and Representative Director: Daisaku Matsuo) is pleased to announce its capital and business alliance agreement with Oishii Farm Corporation ("Oishii Farm", Head office: New Jersey, USA; CEO: Hiroki Koga), a leading indoor vertical farming enterprise*1, as of July 30, 2025. This strategic partnership aims to accelerate mutual business development in the real estate sector while supporting Oishii Farm's continued expansion and creating new business opportunities within our Infrastructure & Industry sectors.

1. Background of the Alliance

   The global food and agriculture sector faces unprecedented challenges—climate volatility, labor shortages, and mounting food security concerns threaten communities worldwide. In this critical landscape, indoor vertical farming emerges as a transformative solution: a next-generation food production infrastructure immune to weather disruptions, delivering consistently exceptional quality and stable supply. Through this strategic partnership, Nomura Real Estate is committed to advancing the agricultural technology revolution that will shape our future.

   Yet realizing the full potential of indoor vertical farming at scale demands more than cultivation expertise alone. Success requires sophisticated real estate capabilities—from site acquisition and facility development to operational infrastructure. As a comprehensive developer, we bring decades of proven expertise to this collaboration, working alongside Oishii Farm to pioneer groundbreaking indoor vertical farm development.

   This alliance directly supports our 2030 Vision: “Be a ‘Life & Time Developer,’ as never seen before.” Central to this vision is our commitment to maximizing human happiness and societal prosperity across all our endeavors. To accelerate growth toward this future, we have outlined a three-year strategic investment plan (FY2026/3–2028/3) totaling approximately ¥100 billion*², focused on three priority themes. One of these themes—Capturing New Frontier Businesses—positions this partnership as a cornerstone investment in expanding our horizons and creating transformative value for society.

2. About Oishii Farm

   Oishii Farm is a pioneering agricultural technology company that achieved the world’s first mass production of premium strawberries in fully controlled indoor vertical farms and is expanding operations primarily across the United States. Oishii Farm has revolutionized strawberry cultivation by optimizing growing environments for strawberries with precisely controlled temperature, humidity, and light conditions. Beyond this, the company's advanced proprietary data science and AI technologies dramatically enhance natural pollination success rates by intelligently optimizing bee activity patterns, unlocking unprecedented consistent large-scale production. In 2024, Oishii Farm launched a major indoor vertical farming facility in New Jersey equipped with solar power generation and water recycling systems, significantly strengthening its commitment to sustainable production.

   Through its research and development hub in Japan, the Open Innovation Center, Oishii Farm is driving technological advancement and standardization of indoor vertical farming operations to build robust business foundation for future global expansion.

3. About Our Infrastructure & Industry Development Business Unit

   In FY2027/3, Nomura Real Estate established our Infrastructure & Industry Development Business Unit to significantly accelerate the development of critical assets that underpin logistics facilities, data centers, energy infrastructure, and manufacturing plants.

   Leveraging our unique coordinator capabilities to connect diverse stakeholders—from government agencies and landowners to business partners—Nomura Real Estate drives initiatives that address pressing societal challenges while advancing industrial infrastructure sophistication. Through these efforts, we are evolving into a true "Infrastructure & Industry Developer."

   We view vertical farming facilities as a new category of real estate assets with significant potential to solve societal challenges, and we are committed to advancing our Infrastructure & Industry business to the next level through this strategic initiative.

4. Comment from Daisaku Matsuo, President and Representative Director, Nomura Real Estate Development Co., Ltd.

"We are embarking on vertical farming facility development through this strategic capital and business alliance with Oishii Farm, leveraging our extensive real estate development expertise as a comprehensive developer. While indoor vertical farming has existed as a sector for some time, we are confident that Oishii Farm's core competencies will propel this industry into an entirely new phase of evolution. We also recognize indoor vertical farming as a real estate asset class with tremendous future potential within our development portfolio. As a strategic partner—not merely a financial investor—we will collaborate closely on future indoor vertical farming facility development to contribute to stable food supply and the realization of a sustainable society."

*1 Fully Controlled Indoor Vertical Farms

A fully controlled indoor vertical farm is a facility that cultivates crops in an enclosed indoor environment isolated from external conditions, using LED lighting and climate control systems to artificially regulate temperature, humidity, CO₂ levels, and nutrient solutions without any natural sunlight. Crops grown in the farms require minimal to no pesticides, and production remains stable year-round, unaffected by weather, seasonal changes, or geographical constraints.

*2 Nomura Real Estate's Strategic Investment Plan https://www.nomura-re-hd.co.jp/ir/pdf/plan2025_presen.pdf

Excerpted from p.31 of Management Plan, Long-term Management Policy and Three-Year Plan (FY2026/3-FY2028/3)