Ichigo: New loans linked to sustainable development

Make the world

More sustainable

[Provisional Translation Only]

This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancies between this translation and the Japanese original, the latter shall prevail.

December 17, 2021

Ichigo inc. (Tokyo Stock Exchange First Section, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Statutory Senior Officer

Phone: + 81-3-3502-4818www.ichigo.gr.jp/en

New loans linked to sustainable development

Ichigo is a Japanese sustainable infrastructure company dedicated to making the world more sustainable. In accordance with his Ichigo 2030vision, Ichigo is expanding the reach of its real estate and clean energy businesses to further contribute to a sustainable society and increase long-term value for its shareholders.

Ichigo today launched new lines of engagement through a sustainability loan program hosted by Mizuho Bank Ltd. (“Mizuho”) with a maximum loan amount of JPY 13 billion.

1. Overview of sustainability loans

Based on the principles of sustainability lending (“SLLP”), sustainability lending aims to facilitate and support environmentally and socially sustainable economic activity and growth, and to motivate the borrower to achieve and disclose ambitious and predetermined sustainability performance targets.

The borrowing conditions for Ichigo’s sustainability loans are variable and linked to Ichigo’s achievement of its RE100 goal of 100% renewable electricity supply in all of its operations, including Ichigo Office (8975) and Ichigo Hotel (3463), by 2025.

About the RE100

RE100is a global initiative bringing together the world’s most influential companies to drive the transition to 100% renewable electricity, with the goal of achieving a net zero carbon society. Led by the Climate Groupin partnership with CDP, the group operates across a wide range of sectors and together sends a powerful signal to markets and governments to accelerate the transition to a clean economy.

2. Results of Ichigo’s SLLP Assessment

Ichigo believes that working on behalf of the environment and society is a fundamental social responsibility. Ichigo strives to reduce greenhouse gas emissions in order to become climate positive in addition to stimulating the production of renewable energy through its Clean Energy business. As Ichigo grows and takes on new challenges as a sustainable infrastructure company, sustainability remains at the heart of everything we do, and Ichigo is committed to contributing to a better world that can be passed on to future generations. .

In granting sustainability loans, Ichigo’s alignment with sustainability lending principles and the adequacy of its sustainability performance targets were assessed by Rating and Investment Information. , Inc. (“R&I”).

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In particular, Ichigo’s sustainable real estate and clean energy business has been recognized as a key social infrastructure that underpins people’s livelihoods. R&I also recognized Ichigo’s efforts to grow as a sustainable infrastructure company, including joining the RE100 and leading with an ambitious goal of reaching its RE100 target by 2025, promoting homes to net zero energy (“ZEH”) and contributing to a net zero carbon footprint. company.

3. Details of the sustainability loan

Sustainability loan A

Maximum loan amount

JPY 9B

Lender

Mizuho

Collection period

December 17, 2021 to December 17, 2025 (4 years)

Final loan repayment date

December 17, 2031 (10 years old)

Collateralised

No

Contract date

December 17, 2021

Sustainable development loan B

Maximum loan amount

JPY 4B

Lenders

Mizuho, ​​Asahi Shinkin Bank, Shiga Bank, Shizuoka

Bank, Hiroshima Bank, Fukuho Bank

Collection period

December 17, 2021 to December 17, 2024 (3 years)

Final loan repayment date

December 17, 2028 (7 years old)

Collateralised

No

Contract date

December 17, 2021

Note: As per agreement with lenders, interest rates on the above commitment lines will not be disclosed.

4. Income prospects

While the impact of the new lines of commitment on Ichigo’s consolidated results for fiscal 22/2 is expected to be minimal, Ichigo believes it will further strengthen its financial position.

Reference

Today’s Mizuho release (only in Japanese)

www.mizuhobank.co.jp/index.html

R&I publication of the day (only in Japanese)

www.ri.co.jp/rating/esg/sustainabilityfinance/index.html

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