ARDEPRO : Notice Concerning Conclusion of Purchase Contracts for Real Estate for Sale and Completion of Settlement

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

News Release: ARDEPRO Co., Ltd.

(8925 TSE Standard)

July 29, 2022

Notice Concerning Conclusion of Purchase Contracts for Real Estate for Sale and Completion of Settlement

At the Board of Directors meeting held today, ARDEPRO Co., Ltd. (“the Company”) passed resolutions for conclusion of purchase contracts for the following two real estate properties for sale as well as for the completion of settlement on the same date for. one of the properties. Also, the Company completed the settlement of purchases of two other real estate properties for sale as of today. In addition, the Company has taken out a new loan from The Ogaki Kyoritsu Bank, Ltd. for the property listed in “3.” below.

1. Purchase contract and settlement for real estate for sale in Kyoto-shi, Kyoto

  1. Overview of purchased property

At the Board of Directors meeting held today, a resolution was passed for the conclusion of a purchase contract with the seller (a company located in Hyogo) for the following real estate property for sale in Kyoto-shi, Kyoto, and the settlement was completed. on the same day.

No.

Location

Category

Total floor area

Land area

(m2)

(m2)

1

Kyoto-shi, Kyoto

Land and Building

961.21

288.82

(2) Status of the purchase settlement

Under the terms of a confidentiality agreement concluded with the seller regarding the real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to 30% or more of the net assets of the Company in the fiscal year ended July 31, 2021 (¥5,733 million). The Company has no capital or personal relationship with the seller.

2. Purchase contract for real estate for sale in Zushi-shi, Kanagawa

  1. Overview of purchased property

At today’s meeting of the Board of Directors, the Company resolved to conclude a real estate purchase contract with the seller, a corporation located in Tokyo, for the following real estate for sale located in Zushi-shi, Kanagawa.

No.

Location

Category

Total floor area

Land area

(m2)

(m2)

1

Zushi-shi,

Land and Building

1,508.00

5,328.00

Kanagawa

(2) Status of the seller

Under the terms of a confidentiality agreement concluded with the seller regarding the

1

real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to less than 30% of the net assets of the Company in the fiscal year ended July 31, 2021 (¥5,733 million). The Company has no capital or personal relationship with the seller.

(3) Schedule

1)

Date of conclusion of purchase contract:

July 29, 2022

2)

Expected settlement date:

By August 26, 2022

3. Settlement of purchase of real estate for sale in Osaka-shi, Osaka

  1. Overview of purchased property

Today the Company settled the purchase of the real estate for sale in Osaka-shi, Osaka listed below from the seller (a company located in Osaka).

No.

Location

Category

Total floor area

Land area

(m2)

(m2)

1

Osaka-shi, Osaka

Revenue-generating

896.38

237.40

residence

(2) Status of the purchase settlement

Under the terms of a confidentiality agreement concluded with the seller regarding the real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to less than 30% of the net assets of the Company in the fiscal year ended July 31, 2021 (¥5,733 million). The Company has no capital or personal relationship with the seller.

4. Settlement of purchase of real estate for sale in Bunkyo-ku, Tokyo

  1. Overview of purchased property

Today the Company settled the purchase of the real estate for sale in Bunkyo-ku, Tokyo listed below from the seller (a company located in Kanagawa).

No.

Location

Category

Total floor area

Land area

(m2)

(m2)

1

Bunkyo-ku, Tokyo

Land and building

570.53

182.25

(4) Status of the purchase settlement

Under the terms of a confidentiality agreement concluded with the seller regarding the real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to less than 30% of the net assets of the Company in the fiscal year ended July 31, 2021 (¥5,733 million). The Company has no capital or personal relationship with the seller.

5. Future directions

There will be no revisions to the forecast of business results for the fiscal year ending.

2

July 31, 2022 related to this matter.

3

Disclaimer

ARDEPRO Co. Ltd. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 03:31:02 UTC.

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Sales 2021 18 286 M

Net income 2021 2 231 M

Net Debt 2021 2 675 M

P/E ratio 2021 10,9x
Yield 2021 203%
Capitalization 14 578 M
111 M
EV / Sales 2020 0,94x
EV / Sales 2021 1,43x
Nbr of Employees 18
Free-Float 50,2%

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