Capitalization
As of August 31, 2026
Total capitalization, the authorized number of units to be issued and units outstanding as of August 31, 2026, are as follows.
| Total unitholder’s capital | 185,428 million yen |
|---|---|
| Total authorized number of units to be issued | 10,000,000 Units |
| Total units outstanding | 1,659,112 Units |
Changes in capitalization and number of units issued since establishment are as follows.
| Date | Issued by | Capitalization (JPY mil) | Total units outstanding (Unit) | Comment | ||
|---|---|---|---|---|---|---|
| Change | Balance | Change | Balance | |||
| October 9, 2015 | Initial capital (private) | 150 | 150 | 1,500 | 1,500 | |
| February 16, 2016 | Public offering | 101,601 | 101,751 | 1,050,800 | 1,052,300 | |
| March 15, 2016 | Third-party allotment | 4,612 | 106,363 | 47,700 | 1,100,000 | |
| November 21, 2016 | Surplus Cash Distributions (Return of Capital) |
(202) | 106,161 | - | 1,100,000 | |
| May 22, 2017 | Surplus Cash Distributions (Return of Capital) |
(174) | 105,986 | - | 1,100,000 | |
| November 20, 2017 | Surplus Cash Distributions (Return of Capital) |
(187) | 105,799 | - | 1,100,000 | |
| May 21, 2018 | Surplus Cash Distributions (Return of Capital) |
(188) | 105,611 | - | 1,100,000 | |
| November 19, 2018 | Surplus Cash Distributions (Return of Capital) |
(204) | 105,406 | - | 1,100,000 | |
| May 20, 2019 | Surplus Cash Distributions (Return of Capital) |
(205) | 105,201 | - | 1,100,000 | |
| June 5, 2019 | Public offering | 12,271 | 117,473 | 104,761 | 1,204,761 | |
| June 28, 2019 | Third-party allotment | 613 | 118,086 | 5,239 | 1,210,000 | |
| September 18, 2019 | Public offering | 20,836 | 138,923 | 145,714 | 1,355,714 | |
| October 10, 2019 | Third-party allotment | 1,041 | 139,965 | 7,286 | 1,363,000 | |
| November 21, 2019 | Surplus Cash Distributions (Return of Capital) |
(183) | 139,781 | - | 1,363,000 | |
| May 22, 2020 | Surplus Cash Distributions (Return of Capital) |
(242) | 139,538 | - | 1,363,000 | |
| September 1, 2020 | Public offering | 44,710 | 184,249 | 261,904 | 1,624,904 | |
| September 29, 2020 | Third-party allotment | 2,235 | 186,485 | 13,096 | 1,638,000 | |
| November 18, 2020 | Surplus Cash Distributions (Return of Capital) |
(278) | 186,207 | - | 1,638,000 | |
| April 27, 2021 | Public offering | 22,656 | 208,863 | 140,000 | 1,778,000 | |
| May 21, 2021 | Surplus Cash Distributions (Return of Capital) |
(373) | 208,490 | - | 1,778,000 | |
| May 25, 2021 | Third-party allotment | 1,132 | 209,623 | 7,000 | 1,785,000 | |
| November 18, 2021 | Surplus Cash Distributions (Return of Capital) |
(412) | 209,210 | - | 1,785,000 | |
| May 23, 2022 | Surplus Cash Distributions (Return of Capital) |
(424) | 208,786 | - | 1,785,000 | |
| November 17, 2022 | Surplus Cash Distributions (Return of Capital) |
(428) | 208,357 | - | 1,785,000 | |
| May 22, 2023 | Surplus Cash Distributions (Return of Capital) |
(430) | 207,927 | - | 1,785,000 | |
| July 6, 2023 | Public offering | 11,412 | 219,339 | 78,850 | 1,863,850 | |
| August 1, 2023 | Third-party allotment | 600 | 219,940 | 4,150 | 1,868,000 | |
| November 17, 2023 | Surplus Cash Distributions (Return of Capital) |
(681) | 219,258 | - | 1,868,000 | |
| May 21, 2024 | Surplus Cash Distributions (Return of Capital) |
(461) | 218,796 | - | 1,868,000 | |
| August 30, 2024 | Cancellation | (176) | 218,620 | (1,247) | 1,866,753 | |
| November 18, 2024 | Surplus Cash Distributions (Return of Capital) |
(461) | 218,159 | - | 1,866,753 | |
| February 28, 2025 | Cancellation | (7,969) | 210,189 | (56,133) | 1,810,620 | |
| May 27, 2025 | Surplus Cash Distributions (Return of Capital) |
(914) | 209,275 | - | 1,810,620 | |
| August 29, 2025 | Cancellation | (2,052) | 207,222 | (14,834) | 1,795,786 | |
| November 21, 2025 | Surplus Cash Distributions (Return of Capital) |
(454) | 206,768 | - | 1,795,786 | |
| February 27, 2026 | Cancellation | (9,092) | 197,676 | (58,981) | 1,736,805 | |
| May 27, 2026 | Surplus Cash Distributions (Return of Capital) |
(448) | 197,228 | - | 1,795,786 | |
| August 31, 2026 | Cancellation | (11,799) | 185,428 | (77,693) | 1,659,112 | |
Major Unitholders
As of February 28, 2026
| Name | Number of units owned (Unit) |
Ownership percentage |
|---|---|---|
| Custody Bank of Japan, Ltd. (Trust Account) | 346,958 | 19.97 |
| The Master Trust Bank of Japan ,Ltd.(Trust Account) | 292,248 | 16.82 |
| The Nomura Trust and Banking Co., Ltd. (Investment Trust Account) | 92,783 | 5.34 |
| NSI CUSTOMER SECURED 30.7. OMNIBUS | 46,200 | 2.66 |
| JPMorgan Securities Japan Co., Ltd. | 30,510 | 1.75 |
| STATE STREET BANK AND TRUST COMPANY 505001 | 29,783 | 1.71 |
| JP MORGAN CHASE BANK 385781 | 24,846 | 1.43 |
| LEGAL+GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED | 24,019 | 1.38 |
| STATE STREET BANK AND TRUST COMPANY 505103 | 23,516 | 1.35 |
| Meiji Yasuda Life Insurance Company | 23,221 | 1.33 |