I would like to take this opportunity to express my sincere gratitude to all investors for your ongoing support. I also would like to express my deepest sympathy to those who have suffered from the novel coronavirus disease, as well as to their families and related persons.


This report provides an update on IIF’s performance for the fiscal period ended July 31, 2022 (the 30th period). In the fiscal period, IIF acquired IIF Iruma Manufacturing Center (land with leasehold interest), IIF Tochigi Moka Manufacturing Center (land with leasehold interest) and disposed IIF Inzai Logistics Center. As a result, the number of properties under management at the end of the fiscal period was 75, and the AUM was 374.9 billion yen (on an acquisition price basis).
With regards to existing properties, IIF announced the redevelop project of IIF Hamura Logistics Center in March, 2022. The logistics facility over 30 years old will be redeveloped by utilizing surplus floor-area ratio and transformed into a versatile and latest logistics facility, with the aim of improving profitability. In addition, IIF continues to actively progress ESG initiatives, and as part of its efforts toward carbon neutral, following switchover at IIF Shonan Health Innovation Park last year, IIF has switched to electricity sourced from 100% renewable energy with Non-FIT & Non-Fossil certificate at IIF Sagamihara R&D Center.

As a result of these activities, the distribution per unit (including distribution in excess of profit) for the period was 3,100 yen. Currently, the Japanese economy should be closely monitored due to the impact of novel coronavirus pandemic, and the volatility of the capital markets, however, IIF will continue to strive for stable management and work to maximize unitholder value through continuous external and internal growth. I would like to look forward to your continuous support.