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 May. 31, 2025:
- Unitholders' capital
- 108,578.3 million yen
- Total investment units authorized
- 8,000,000 units
- Total investment units issued and outstanding
- 1,194,933 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. 28, 2015 | Capital increase through third-party allocation |
5,700 | 1,014,847 | 447.3 | 81,370.7 |
| Sep. 29, 2020 | Cancellation of own investment units | (14,914) | 999,933 | － | 81,370.7 |
| Jun. 1, 2021 | Public offering | 53,100 | 1,053,033 | 8,272.1 | 89,642.8 |
| Jun. 29, 2021 | Capital increase through third-party allocation |
2,700 | 1,055,733 | 420.6 | 90,063.4 |
| Jun. 1, 2022 | Public offering | 55,200 | 1,110,933 | 7,362.9 | 97,426.3 |
| Jun. 28, 2022 | Capital increase through third-party allocation |
2,800 | 1,113,733 | 373.4 | 97,799.7 |
| Jun. 1, 2023 | Public offering | 34,500 | 1,148,233 | 4,948.9 | 102,748.6 |
| Jun. 27, 2023 | Capital increase through third-party allocation |
1,700 | 1,149,933 | 243.8 | 102,992.6 |
| Jun. 3, 2024 | Public offering | 42,800 | 1,192,733 | 5,312.5 | 108,305.2 |
| Jun. 25, 2024 | Capital increase through third-party allocation |
2,200 | 1,194,933 | 273.0 | 108,578.3 |
Major Investors
The following represents major unitholders as of May. 31, 2025:
| Name | Units Owned (units) |
Ownership Ratio (%) (Note) |
|---|---|---|
| Custody Bank of Japan,Ltd.(trust account) | 315,901 | 26.43 |
| Heiwa real Estate Co,.Ltd. | 154,645 | 12.94 |
| The Master Trust Bank of Japan,Ltd.(trust account) | 150,124 | 12.56 |
| The Nomura Trust and Banking Co,.Ltd.(trust account) | 47,707 | 3.99 |
| STATE STREET BANK WEST CLIENT-TREATY 505234 | 18,069 | 1.51 |
| SMBC Nikko Securities Inc. | 14,721 | 1.23 |
| THE NOMURA TRUST AND BANKING CO,.LTD AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND | 12,364 | 1.03 |
| THE NOMURA TRUST AND BANKING CO.,LTD. AS THE TRUSTEE OF REPURCHASE AG FUND 2024-09 (LIMITED OT FINANC IN RESALE RSTRCT) | 10,290 | 0.86 |
| Shikoku Railway Company | 10,249 | 0.85 |
| STATE STREET BANK AND TRUST COMPANY 505103 | 10,203 | 0.85 |
| Total | 744,273 | 62.28 |
- Ownership ratio is rounded to the nearest hundredth.