Total Capital and Major Investors

Total Capital

The following is the Investment Corporation total capital, the total number of investment units authorized, and the total number of investment units issued and outstanding as of November 30, 2018:

Unitholders' capital
81,370.7 million yen
Total investment units authorized
8,000,000 units
Total investment units issued and outstanding
1,014,847 units

Changes in unitholders’ capital and the total number of investment units issued and outstanding since the incorporation of HEIWA REAL ESTATE REIT, Inc. are as follows:

Date Notes Total investment units issued
and outstanding(units)
Unitholders' capital
(million yen)
Changes Outstanding Changes Outstanding
Jan. 31, 2002 Incorporation through
private placement
1,000 1,000 100.0 100.0
Oct. 19, 2004 Reverse split of
investment units
-800 200  - 100.0
Nov. 11, 2004 Private offering 15,392 15,592 6,772.5 6,872.5
Mar. 7, 2005 Public offering 30,000 45,592 14,325.0 21,197.5
Apr. 5, 2005 Capital increase through
third-party allocation
1,200 46,792 573.0 21,770.5
Dec. 15, 2005 Public offering 13,700 60,492 6,641.0 28,411.5
May 29, 2007 Capital increase through
third-party allocation
48,161 108,653 28,000.8 56,412.3
Oct. 19, 2009 Capital increase through
third-party allocation
23,238 131,891 3,000.0 59,412.3
Oct. 1, 2010 Sprit of units 395,673 527,564  - 59,412.3
Oct. 1, 2010 merger 168,333 695,897  - 59,412.3
Dec. 11, 2012 Public offering 90,500 786,397 4,763.9 64,176.3
Jan. 9, 2013 Capital increase through
third-party allocation
9,050 795,447 476.4 64,652.6
Dec. 16, 2013 Public offering 81,900 877,347 5,595.1 70,247.7
Jan. 15, 2014 Capital increase through
third-party allocation
4,100 881,447 280.1 70,527.8
Dec. 1, 2014 Public offering 66,400 947,847 5,567.8 76,095.6
Dec. 24, 2014 Capital increase through
third-party allocation
3,300 951,147 276.7 76,372.3
Dec. 15, 2015 Public offering 58,000 1,009,147 4,551.1 80,923.4
Dec. 25, 2015 Capital increase through
third-party allocation
5,700 1,014,847 447.3 81,370.7

Major Investors

The following represents major unitholders as of November 30, 2018:

Name Units Owned
(units)
Ownership Ratio
(%) (Note)
Japan Trustee Services Bank, Ltd. (Trust Account) 272,439 26.84
The Master Trust Bank of Japan, Ltd. (Trust Account) 189,581 18.68
HEIWA REAL ESTATE CO,LTD. 135,845 13.38
NOMURA BANK (LUXEMBOURG)S.A. 46,400 4.57
The Nomura Trust and Banking Co., Ltd (Trust Account) 36,648 3.61
Trust & Custody Services Bank, Ltd. (Securities Investment Trust Account) 24,108 2.37
Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. 15,304 1.50
STATE STREET BANK WEST CLIENT -TREATY 505234 12,926 1.27
Shikoku Railway Company 10,249 1.00
Aozora Bank, Ltd. 8,910 0.87
Total 752,410 74.14
  • Ownership ratio is rounded to the nearest hundredth.

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