Mission Statement, Vision, & Core Values (2026) of Japan Logistics Fund, Inc.

Founded in 2005, Japan Logistics Fund, Inc. (8967.T) has grown into a prominent REIT focused on high-quality logistics facilities across Japan, positioning itself to serve the surging demands of the e-commerce and retail sectors with a clear mission to deliver superior infrastructure and sustainable value for stakeholders; guided by a vision to lead the market through sustainability, quality and innovation, and grounded in core values of integrity, customer focus, innovation, teamwork and social responsibility, JLF's strategy and portfolio choices as of late 2025 reflect its commitment to balancing long-term value creation with environmental, social and governance priorities.

Japan Logistics Fund, Inc. (8967.T) - Intro

• Primary focus: modern logistics facilities (temperature-controlled, multi-tenant and single-tenant distribution centers).
• Market positioning: one of Japan's largest logistics REITs by leasable area and asset quality.
• Tenant mix: e-commerce, national retailers, 3PL operators and manufacturers-contract lengths commonly 5-20 years for core assets.
• Geographic coverage: Greater Tokyo (Kanto), Nagoya (Chubu), Osaka/Kansai and strategic regional distribution hubs.

• Mission: Provide reliable, efficient and sustainable logistics real estate that enables tenant operational excellence and long-term unitholder value.
• Vision: Be the partner of choice for logistics users in Japan by combining scale, location intelligence and ESG leadership to capture structural growth in e‑commerce and omnichannel retail.
• Core values:
  • Asset quality - focus on location, design and tenant credit.
  • Operational excellence - proactive property management, flexible lease structures and cost control.
  • Sustainability - carbon reduction, energy efficiency and resilient infrastructure.
  • Governance & transparency - disciplined capital allocation, clear reporting and alignment with unitholders.

• Portfolio optimization: selective acquisitions of urban logistics, redevelopment of aging assets and active disposal of non-core properties.
• ESG integration: rooftop solar, LED retrofits, thermal management, and target-setting for greenhouse gas reduction and energy intensity.
• Capital strategy: diversified financing mix (bank loans, bonds, preferred equity when appropriate) and prudent leverage to preserve investment-grade metrics.
• Tenant service & retention: logistic-specific AM/PM services, facility upgrades and tailored lease terms to improve occupancy and rent growth.

• Energy: progressive rollout of on-site solar PV across suitable roofs and LED conversions to reduce electricity intensity.
• Carbon: setting medium-term CO2 reduction targets aligned to industry benchmarks and tracking Scope 1-3 emissions.
• Certification: pursuit of BREEAM/DBJ Green Building or CASBEE where feasible for new acquisitions and redevelopments.
• Social: safety programs for warehouse operations, community engagement in regional hubs and workforce well-being initiatives.

• Board and sponsor relationships: independent governance with experienced external directors and transparent sponsor engagement.
• Risk management: active interest-rate hedging, covenant monitoring and diversified debt maturities to mitigate refinancing risk.
• Distribution policy: payout policy balancing stable distributions with reinvestment for accretive acquisition opportunities.

Japan Logistics Fund, Inc. (8967.T) - Overview

• Deliver high-quality logistics facilities that match evolving e‑commerce, 3PL, and cold‑chain demand.
• Maintain and enhance property standards to maximize long‑term occupancy and rental growth.
• Balance financial performance with environmental and social responsibility for durable stakeholder value.
• Drive growth and innovation through targeted acquisitions, redevelopment, and operational efficiencies.

• Asset quality improvement: targeted redevelopment and retrofit for ESG (energy efficiency, solar PV, cold‑chain readiness).
• Selective acquisitions: focus on modern, well‑located assets near transport nodes to capture rental premiums.
• Tenancy risk management: diversify tenant base and structure flexible lease terms to retain high occupancy.
• Capital management: maintain conservative LTV and access to yen‑ and foreign‑currency financing to support growth.

• Energy-saving initiatives across warehouses (LED, high‑efficiency HVAC, building management systems).
• Solar PV installations and decarbonization roadmaps for key assets.
• Community engagement and transport‑efficiency measures to reduce local environmental impacts.
• Transparent reporting and targets to align investor expectations with sustainable cash flow generation.

Japan Logistics Fund, Inc. (8967.T): Mission Statement

• Deliver reliable income and capital growth through a diversified portfolio of modern logistics assets.
• Continuously enhance asset quality via capex, redevelopment and forward-looking tenant solutions (last-mile, cold storage, multi-tenant hubs).
• Embed ESG and decarbonization measures across acquisitions, operations and financing to reduce environmental impact and increase resilience.
• Maintain financial discipline-targeting prudent leverage and active risk management to preserve unitholder value.
• Collaborate with tenants, developers and municipalities to shape logistics infrastructure that supports Japan's supply chain needs.

Vision Statement

• Quality: prioritize modern, high-spec assets that meet evolving tenant requirements (clear heights, floor load, power, connectivity).
• Innovation: adopt logistics technologies, flexible layouts and value-add redevelopment to improve asset productivity and tenant retention.
• Sustainability: pursue energy efficiency, solar installations, EV charging and green-certified construction to lower carbon intensity.
• Leadership: scale a geographically diversified portfolio to provide market-leading occupancy and revenue resilience.

How the Vision Guides Strategy & Operations

• Acquisition strategy focused on high-demand logistics corridors (Greater Tokyo, Nagoya, Kansai) and assets with clear upgrade or re-leasing upside.
• Asset management programs emphasizing capex for sustainability upgrades, tenant fit-outs and operational efficiency to enhance NOI and asset value.
• Financial policy balancing growth and stability: target LTV ranges, diversified financing and use of green financing instruments.
• Stakeholder engagement including tenants, local governments and investors to align development with regional logistics needs.

Operational Priorities Aligned to the Vision

• Targeted redevelopment and selective acquisitions to upgrade the quality mix of the portfolio.
• Invest in decarbonization: rooftop solar installations, LED retrofits, and EV charging infrastructure at logistics hubs.
• Strengthened tenant solutions: last-mile micro-distribution, cold-chain readiness and multi-modal access.
• Prudent capital management: diversify maturities, maintain access to bank and capital markets, and pursue green financing.

Japan Logistics Fund, Inc. (8967.T) - Vision Statement

• Focus on high-demand logistics locations (near major ports, airports, and urban distribution hubs) to capture e-commerce and just-in-time distribution growth.
• Optimize total return through a balance of rental income stability and selective value-add investments (redevelopment, tenant improvements, lease restructurings).
• Embed sustainability and resilience-energy efficiency, seismic reinforcement, and carbon reduction-into asset lifecycle management.

• Integrity: Transparency in reporting, governance, and stakeholder communications to protect unit-holder value and trust.
• Customer Focus: Tenant-centric leasing and property management to maximize retention, minimize vacancy, and support occupiers' operational needs.
• Innovation: Investment in logistics technology, property automation, and data analytics to enhance asset utilization and reduce operating costs.
• Teamwork: Cross-functional collaboration between asset management, leasing, finance, and sustainability teams to accelerate execution and problem-solving.
• Social Responsibility: Commitment to environmental targets, community engagement, and safe, resilient facilities that contribute positively to local economies.