As of February 3, 2020

Total Unitholders' Capital	39,173,228 Thousand of Yen
Investment units authorized	10,000,000 units
Investment units issued	347,250 units

Changes in unitholders’ capital and investment units issued since incorporation are summarized as follows:

Date	Type of Issue	Total Unitholders’ Capital (Millions of Yen)		Investment Units Issued (units)
		Increase	Balance	Increase	Balance
May 12, 2016	Private placement for incorporation	200	200	2,000	2,000
July 26, 2016	Private offering	6,800	7,000	68,000	70,000
February 6, 2018	Public offering	17,106	24,106	161,150	231,150
September 20, 2018	Surplus distributions(Return of capital)	△ 75	24,030	―	231,150
March 22, 2019	Surplus distributions(Return of capital)	△ 85	23,944	―	231,150
July 16, 2019	Public offering	3,196	27,140	28,100	259,250
September 12, 2019	Surplus distributions(Return of capital)	△ 85	27,054	―	259,250
January 21, 2020	Public offering	12,118	39,173	88,000	347,250

As of December 31, 2019

Name	No. of investment units held	Ownership ratio(%)
Japan Trustee Services Bank, Ltd. (Trust Account)	53,750	20.73
The Master Trust Bank of Japan ,Ltd. (Trust Account)	30,920	11.93
CRE, Inc.	28,790	11.11
Fukuoka Jisho Co., Ltd.	7,500	2.89
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account)	7,225	2.79
Trust & Custody Services Bank, Ltd. (Securities Investment Trust Account)	5,624	2.17
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD	5,426	2.09
Kinki Sangyo Credit Union	4,380	1.69
The Bank of Yokohama,Ltd.	3,917	1.51
Mitsubishi UFJ Trust and Banking Corporation	3,896	1.50