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Message from Executive Director

Executive Director: Hiroshi Fujioka We would like to express our deep gratitude to all our unitholders for your support of Nippon Healthcare Investment Corporation (“NHI”).

NHI posted financial performance of 697 million yen in operating revenue, 273 million yen in operating income and 246 million yen in net income for the fiscal period ended April 2018 (8th Fiscal Period). Concerning distributions, NHI declared a distribution amount per unit of 3,303 yen and a distribution amount in excess of earnings per unit of 860 yen, bringing the total distribution amount per unit to 4,163 yen.

The asset size as of the end of the 8th Fiscal Period stood at 19,318 million yen. NHI will aim to enhance portfolio value through investments in carefully selected properties going forward.

The number of operators of facilities owned by NHI as of the end of the 8th Fiscal Period is 11 companies. NHI has realized maintenance and improvement of portfolio stability by pressing forward diversification of operators and concluding longterm fixed rent lease agreements.

On the financial front, NHI will continue to work to further strengthen its financial standing while reducing refinancing risks in the future.

Going forward, NHI will strive to maximize unitholders’ value together with the joint efforts of Daiwa Real Estate Asset Management Co. Ltd., the asset manager for NHI, Daiwa Securities Group Inc., the sponsor, and AIP Healthcare Japan GK, the advisor.

We wish for the continued success of our unitholders and ask for your continued support of NHI.