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Other Disclosures8923TOSEI CORPORATIONReal Estate

Notice Regarding the Results of the Tender Offer for SANKei REIT, Inc. by a Fund Managed by TAA

The tender offer for Sankei Real Estate Inc. conducted through a fund managed by TAA failed because the number of tendered investment units did not reach the minimum number of units to be purchased. The tendered investment units will not be purchased.

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Announced details

Applicable field (uses covered by this announcement)

Real estate investment and acquisition of investment units in an investment corporation

What the company reported numerically
Usage history

The number of tendered investment units did not reach the minimum number of units to be purchased, and the tender offer failed.

Relationship between the counterparty and the company
TOSEI CORPORATION8923
Relationship with the Company

TAA is a wholly owned subsidiary of the Company. TAA manages the fund under a discretionary investment management agreement, and the fund made the tender offer for the target company's investment units through an investment vehicle funded by the fund.

CounterpartySankei Real Estate Inc. (Securities code: 2972)

Head office: Chiyoda-ku, Tokyo; Representative Executive Officer: Ota Yuichi (太田裕一)

Impact on Business Performance

The impact of the results of this tender offer on results for the current fiscal year is expected to be immaterial.

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

Tender Offer Registration Statement dated 7 January 2026 and Tender Offer Report dated 19 May 2026

Announced details
ItemDetails
CounterpartySankei Real Estate Inc. (Securities code: 2972)
Counterparty overviewHead office: Chiyoda-ku, Tokyo; Representative Executive Officer: Ota Yuichi (太田裕一)
Relationship with the CompanyTAA is a wholly owned subsidiary of the Company. TAA manages the fund under a discretionary investment management agreement, and the fund made the tender offer for the target company's investment units through an investment vehicle funded by the fund.
Applicable areaReal estate investment and acquisition of investment units in an investment corporation
Usage historyThe number of tendered investment units did not reach the minimum number of units to be purchased, and the tender offer failed.
Impact on Business PerformanceThe impact of the results of this tender offer on results for the current fiscal year is expected to be immaterial.
SourceTender Offer Registration Statement dated 7 January 2026 and Tender Offer Report dated 19 May 2026
Items this document does not state (11)
Names of Products / Services CoveredContract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationLocation scaleQuantitative Effects

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The number of tendered investment units did not reach the minimum number of units to be purchased.

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Notice Regarding the Results of the Tender Offer for SANKei REIT, Inc. by a Fund Managed by TAA | TOSEI CORPORATION (8923) timely disclosure | Komori