Unveiling First REIT 2.0: Our New Growth Strategy
APPENDIX: FAVOURABLE REGIONAL DEMOGRAPHIC TRAITS SUPPORT GROWTH
The Japan Nursing Homes are located across regions with favourable demographic traits that support and sustain the growth of nursing home demand
Characteristics of Prefecture
SAPPORO, HOKKAIDO
Internationally Recognized Tourist Destination
NARA-SHI/KORYOCHO, NARA
Home to 3 of Japan's World Heritage Sites
Demand and Supply Dynamic by Prefecture
Ageing Rapidly...
Expected Growth in Ageing Rate (bps) from 2019
to 2045
...Coupled with Strained Supply
Ratio of Fee-based nursing homes for Elderly
Capacity (People) to Every 1000 Elderly in 2019
Sapporo-shi: Designated "Ordinance-
designated city (1)" in Japan
5th largest population in Japan
Significant nursing care demand is predicted
versus national average
Limited new supply of fee-based nursing homes
for elderly due to volume control by Sapporo
city office
MATSUMOTO, NAGANO
Home to Matsumoto Castle, a National Treasure
Nara-Shi: Designated "core city (2)" in Japan;
one of the most prominent tourist cities
Koryocho: Has idyllic scenery and Mamigaoka
area, one of the most comfortable residential
areas in Nara
31.9
31.9
31.3
29.1
30.5
10.9
9.8
9.8
8.7
8.6
19.3
16.1
12.3
11.0
6.8
Hokkaido
Nagano
Nara
Kyoto
Significant nursing care demand is predicted
versus national average
Nation
Average
Hokkaido Nationwide Nara
Nagano
Kyoto
Ageing Rate (%) in 2019 by Prefecture
... Results in More Defensive Demand (3)
Indicator of Demand for Nursing Care (Index 2015=100)
180
Koryocho (Nara)
MIYAZU, KYOTO
Home to Amanohashidate, Japan's Top 3 Scenic Spot
31
Masumoto-shi: Designated "core city (2)" in Japan
Most number of urban district shopping malls in
Nagano
160
140
Location facing the Japan sea
120
Has only one fee-based Home for the Elderly
with nursing care with 100% occupancy rate
100
80
2015
2020
2025
2030
2035
2040
2045
3rd largest industrial manufacturing output in
Nagano
Source: IMR
(1)
An "Ordinance-designated city" is a Japanese city that has a population greater than 500,000 and has been designated as such by order of the Cabinet of Japan under Article 252, Section 19 of the Local Autonomy Law. There are 20 designated cities in total. Designated cities are
required to subdivide themselves into wards, each of which has a ward office conducting various administrative functions for the city government, such as koseki and juminhyo resident registration and tax collection.
(2)
Core cities are generally cities whose populations are greater than 200,000. These core cities are delegated many functions normally carried out by prefectural governments, but not as many as designated cities.
(3)
Despite predictions of moderate demand in the Tango medical district, demand for Orchard Amanohashidate is expected to be stable in the future as it is the only Fee-based Nursing Home for the Elderly within Miyazu with an occupancy rate of 100%.
Sapporo
(Hokkaido)
Nara-shi (Nara)
Matsumoto
(Nagano)
Tango (Kyoto)
National Average
FIRST ''REIT
ASIA'S PREMIER HEALTHCARE TRUSTView entire presentation