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Page 23 to 25 refer to ESG.
This page refers to our initiative in governance aspect.
As announced at previous financial presentation meeting, we have revised asset management fee structure to make close alignment with unitholders after the approval at unitholders’ meeting in August 2019. With an aim to further incentivize maximization of unitholders value, we have lowered ratio of asset management fee type Ⅰ (asset based) and raised ratio of asset management fee type Ⅱ(DPU/NOI linked).
Following this amendment, for the period ending May 2020, we have decreased asset management fee by approximately ¥100 million.
On the right, we introduce our materiality identified in April 2019, and GRI disclosure started in December 2019.
Compared to other corporates, J-REITs are required broader disclosures and among such J-REITs, API has actively engaged in sufficient disclosure ever since IPO, and we will continue transparent disclosure.
Please proceed to the next page.
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