Japan Metropolitan Fund Investment Corporation (“JMF”) and Industrial & Infrastructure Fund Investment Corporation (“IIF”), together with their asset manager, KJR Management (the “Company”), KJRM Private Solutions (“KPS”), which serves as the asset manager for private funds, and KJRM Holdings (collectively, “KJRM”), are pursuing initiatives based on their sustainability strategy of “Practicing Responsible Property Investment and Contributing to Solve Social Issues,” with the aim of realizing their Mission Statement, “Unlocking Real Assets’ Future.”

In 2025, KJRM established a three-company structure with KJRM Holdings as the holding company. As one of the largest asset management groups in Japan, KJRM seeks to maximize value for investors through the investment management of Real Assets, encompassing not only traditional real estate such as office buildings and retail properties, but also operational assets including hotels and life science facilities, as well as infrastructure assets.

At KJRM, we continuously review and reassess material sustainability issues in light of changes in our business operations and the external environment. In 2025, through periodic reviews, we newly identified biodiversity, human rights, compliance and corporate ethics, and information disclosure as material issues. In addition, with our GHG emissions reduction targets in mind, we published a roadmap outlining measures toward achieving net zero and conducted ongoing analyses based on the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD).

From a social perspective, we place importance on engagement with stakeholders by maintaining ongoing dialogue with tenants and local communities. Our initiatives include hosting educational workshops for nearby educational institutions utilizing inclusive playground equipment, as well as organizing science-related events through interactions with researchers. We also promote coexistence with and contributions to local communities by entering into comprehensive partnership agreements with local governments aimed at regional revitalization. Furthermore, our employees take an active role in social contribution activities, such as implementing matching gift programs and participating in charitable initiatives.

With regard to governance, we continuously conduct compliance training for all officers and employees, thereby promoting ethical conduct through strict adherence to laws and regulations and enhanced awareness among personnel. We will continue to strive for sound management practices based on our Code of Ethics, which consists of the Corporate Ethics Charter and the Code of Conduct for Officers and Employees.

Through its real estate asset management activities, KJRM will continue to contribute to the realization of a sustainable society, while also aiming to enhance unitholder value through the medium- to long-term growth of JMF and IIF.