Fukuoka REIT Corporation

Fukuoka REIT Corporation

Last Update / Jan 21,2020

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    Overview

    - CONTENTS GUIDE

    The First region-specific REIT in JAPAN

    Fukuoka REIT Corporation (securities code: 8968) is the first region-specific REIT in Japan. With our strength in knowing the local characteristics of real estate, which is a very regional-specific business, Fukuoka REIT manages a portfolio centering on superior design entertainment retail facilities and Class A office buildings in the entire Kyushu region centering on Fukuoka, Yamaguchi and Okinawa prefectures.

    Fukuoka REIT was registered in August 2004 and listed on the Tokyo Stock Exchange and Fukuoka Stock Exchange on June 21, 2005. Real estate management, acquisition arrangements of new properties, fund raising and other operations are contracted to its asset manager, Fukuoka Realty Co., Ltd.

    01. Overview and History

    Name Fukuoka REIT Corporation
    Representative Etsuo Matsuyuki
    CEO & Representative Director
    Address 1-2-25 Sumiyoshi, Hakata, Fukuoka City 812-0018
    Listed date June 21, 2005 FRC listed on Tokyo Stock Exchange and Fukuoka Stock Exchange
    Contact Asset Manager Fukuoka Realty Co., Ltd. Licensed by Fukuoka Local Finance Branch Bureau (financial instrument)
    TEL: 81-92-272-3900
    History
    June 30, 2004 Fukuoka Realty filed to establish FRC, based on Article 69-1 of the Investment Trusts and Investment Corporations Law of Japan
    July 2, 2004 Established through the registry of FRC, based on Article 166 of the Investment Trusts and Investment Corporations Law
    July 15, 2004 Filed for FRC registration, based on Article 188 of the Investment Trusts and Investment Corporations Law
    August 5, 2004 FRC registered by Prime Minister, based on Article 187 of the Investment Trusts and Investment Corporations Law (Registration number: Fukuoka Local Finance Branch Bureau Director No. 1)
    June 21, 2005 FRC listed on Tokyo Stock Exchange and Fukuoka Stock Exchange
    Profile Fukuoka REIT Corporate Profile(PDF:16.928MB)PDF

    02. Directors

    Fukuoka REIT Corporation shall have at least one CEO and Representative Director and at least two Supervisory Directors (however, the number of Supervisory Directors shall be at least one more than the number of CEO and Representative Director).
    Fukuoka REIT Corporation’s institutions comprise the General Meeting of Unitholders composed of its unitholders, one CEO and Representative Director, two Supervisory Directors, the Board of Directors composed of all CEO and Representative Directors and Supervisory Directors, and the Independent Auditor.
    It is a requirement that none of the grounds for disqualification stipulated in the Act on Investment Trusts and Investment Corporations, and related laws shall apply to officers appointed. Officers are appointed by means of a resolution of the General Meeting of Unitholders.

    Title / Name Career Summary
    CEO and
    Representative Director
    Etsuo Matsuyuki松雪 恵津男Attendance of Ordinary
    Board of Executive
    Officers meeting ended
    August 31, 2019:
    4 / 4 times
    April 1980 Joined Japan Development Bank (currently Development Bank of Japan)
    June 2004 Appointed as Manager, Human Resources Division
    April 2005 Appointed as General Manager, Management Division
    July 2006 Seconded to Fukuoka Jisho Co., Ltd.
    Appointed as Deputy General Manager, Development Business Group
    July 2009 Joined Fukuoka Jisho Co., Ltd.
    Appointed as Executive Officer and Deputy General Manager, Development Business Group and General Manager, Building Division
    August 2010 Appointed as Executive Officer and General Manager, Accounting & Finance Division and in charge of General Affairs Division and Finance Division
    June 2011 Appointed as Managing Director and Head of Planning Dept., Fukuoka Realty Co., Ltd.
    January 2012 Appointed as Managing Director and Executive Officer, Fukuoka Jisho Co., Ltd.
    June 2012 Appointed as CEO & Representative Director, Fukuoka Realty Co., Ltd. (current position)
    May 2014 Appointed as CEO & Representative Director, Fukuoka REIT Corporation (current position)
    Supervisory Director
    Hiroyasu ShindoHiroyasu ShindoAttendance of Ordinary
    Board of Executive
    Officers meeting ended
    August 31, 2019:
    4 / 4 times
    April 1973 Registered as Lawyer
    April 1985 Appointed as Chief of Secretariat, Kyushu Federation of Bar Associations
    April 1986 Opened Shindo Law Firm (current position)
    April 1990 Appointed as Chief of Public Relations, Kyushu Federation of Bar Associations
    April 1996 Appointed as Member of Disciplinary Committee, Fukuokaken Bengoshikai., Ltd.
    July 2004 Appointed as Supervisory Director, Fukuoka REIT Corporation
    July 2006 Retired from Supervisory Director, Fukuoka REIT Corporation
    November 2010 Appointed as Supervisory Director, Fukuoka REIT Corporation(current position)
    Supervisory Director
    Yasuo KawashoYasuo KawashoAttendance of Ordinary
    Board of Executive
    Officers meeting ended
    August 31, 2019:
    4 / 4 times
    August 1980 Registered as Certified Public Accountant and Certified Tax Accountant
    January 1981 Opened Kawasho Authorize Accountant Office (current position)
    December 1987 Opened Creative Management Consultants Co., Ltd. (current position)
    February 1993 Opened KawaSho Jinji Kenkyusyo Co., Ltd. (current position)
    May 2016 Appointed as Supervisory Director, Fukuoka REIT Corporation (current position)
    June 2016 Appointed as Auditor, Business One Holdings, Inc. (current position)

    03. Directors and Auditor of Fukuoka Realty Co., Ltd.

    Title Name
    CEO and Representative Director Etsuo Matsuyuki
    Executive Managing Director, General Manager of Planning Dept. Akira Eguchi
    Director(Non-Executive) Hiroshi Shimuta
    Director(Non-Executive) Hidenori Hara
    Director(Non-Executive) Yoshiro Watanabe
    Auditor(Non-Executive) Masanori Tasaka

    Please refer to the Directors and Auditor page of the asset manager for details.

    04.Total Investment and Major Shareholders

    (1)Total Investment
    Total Investment 98,938,764,550 yen
    Total number of investment units authorized 10,000,000 units
    Total number of investment units outstanding 796,000 units

    Changes in total investment and investment units outstanding are as follows.

    Date Event No. of Investment
    Units Outstanding
    Total
    Investment
    (mm yen)
    Variation Balance Variation Balance
    July 2, 2004 Established by private placement 250 250 125 125
    November 8, 2004 Additional private placement 82,800 83,050 41,400 41,525
    June 20, 2005 Initial public offering 7,000 90,050 5,944 47,469
    July 21, 2005 Third-party allotment 2,000 92,050 1,698 49,167
    September 7, 2006 Additional public offering 15,000 107,050 11,096 60,264
    March 1, 2011 Additional public offering 16,000 123,050 8,913 69,177
    March 1, 2013 Additional public offering 14,950 138,000 10,263 79,441
    March 1, 2014 The 5-for-1 split of investment units 552,000 690,000 0 79,441
    April 27, 2015 Additional public offering 57,000 747,000 11,701 91,142
    March 1, 2018 Additional public offering 49,000 796,000 7,795 98,938
    (2)Major Investors( As of August 31, 2019 )
    28期グラフ
    Rank Investors Investment Units Held Share (Note1)
    1 Japan Trustee Services Bank, Ltd.
    (Investment trust account)
    157,261 19.75%
    2 The Master Trust Bank of Japan, Ltd.
    (Trust account)
    79,364 9.97%
    3 Fukuoka Jisho Co., Ltd. 71,736 9.01%
    4 The Nomura Trust and Banking Co., Ltd.
    (Investment trust account)
    33,084 4.15%
    5 Trust & Custody Services Bank, Ltd. 21,658 2.72%
    6 Rakuten General Insurance Co., Ltd. 13,562 1.70%
    7 Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. 12,007 1.50%
    8 STATE STREET BANK WEST CLIENT - TREATY 505234 10,879 1.36%
    9 MetLife, Inc 10,227 1.28%
    10 NORTHERN TRUST CO.(AVFC) RE HCR00 9,457 1.18%

    (Note1) percentages and ratio are rounded off to two decimal places.

    05. Articles of Incorporation

    ● Article of Incorporation(Japanese Version) (PDF: 382KB) PDF

    06. Related Corporations

    Outsourcing Category Name
    Asset Manager Fukuoka Realty Co., Ltd.
    Trustee/Asset Custodian Mitsubishi UFJ Trust and Banking Corporation
    Transfer Agent Sumitomo Mitsui Trust Bank, Ltd.
    Consigning general administration business of investment corporation bonds Sumitomo Mitsui Banking Corporation
    Mizuho Bank, Ltd.
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