Agreements reached under this partnership
Capital and Business Alliance- 1
Combine JAIC AM's expertise in operating real estate funds with RSIM's expertise in real estate development
- 2
Establish a large-scale development-oriented real estate fund through JAIC AM
- 3
Expand JAIC AM's business scale
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The policy is to establish a large-scale development-oriented real estate fund and expand JAIC AM's business scale. The timing of achievement and specific figures are not disclosed.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact of this matter on the near-term performance of the Company's group will be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | RS Investment Management Co., Ltd. |
| Alliance partner's business activities | Real estate arrangement services and related ancillary business |
| Alliance partner's location | Minato-ku, Tokyo |
| Alliance partner's capital | ¥50 million (as of the end of March 2026) |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Combine JAIC AM's expertise in operating real estate funds with RSIM's expertise in real estate development, Establish a large-scale development-oriented real estate fund through JAIC AM, Expand JAIC AM's business scale |
| Number of shares acquired | Transfer of 565 common shares and private placement of 58 common shares, for a total of 623 shares, representing 40% of the issued shares |
| Acquisition price | ¥360 million for the share transfer and ¥40 million raised through the private placement |
| Shareholding ratio | KICホールディングス株式会社 100% → KICホールディングス株式会社 60%, RS Investment Management Co., Ltd. 40%（KIC HD: down 40 percentage points; RSIM: up 40 percentage points） |
| Dispatch of directors and officers | Wakabayashi (若林) is scheduled to become chairperson of JAIC AM's board of directors. The Company has dispatched 1 director and 1 corporate auditor to JAIC AM. |
| Numerical targets under the alliance | The policy is to establish a large-scale development-oriented real estate fund and expand JAIC AM's business scale. The timing of achievement and specific figures are not disclosed. |
| Date of board resolution | 24 April 2026 |
| Contract Date | 24 April 2026 |
| Share Acquisition Date and Payment Date | 7 May 2026 (scheduled) |
| Impact on Business Performance | The impact of this matter on the near-term performance of the Company's group will be immaterial. |
| Change in major shareholders | KICホールディングス株式会社 100% → KICホールディングス株式会社 60%, RS Investment Management Co., Ltd. 40%（KIC HD: down 40 percentage points; RSIM: up 40 percentage points） |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.JAIC AM will incorporate expertise in real estate development other than logistics facilities and expand the range of real estate types and the investment amount per project. The policy is to combine JAIC AM's expertise in managing real estate funds with RSIM's expertise in real estate development, establish a large-scale development-oriented real estate fund, and expand the business scale.