Directors’ Message To Shareholders

Ichigo Green Infrastructure Investment Corporation (“Ichigo Green”) is a solar power YieldCo, leveraging its sponsor's (Ichigo; TSE1 2337) capabilities and track record in renewable energy production. We listed on the Tokyo Stock Exchange on December 1, 2016.

Ichigo Green’s mission is to maximize shareholder value via a renewable energy portfolio that provides both return stability and growth potential. We offer investors an opportunity to invest in the significant and rapidly expanding green infrastructure asset class while contributing to the development of a sustainable society.

In keeping with this mission, Ichigo Green invests in solar power plants with proven operational capabilities and long-term feed-in tariff (FIT) contracts with Japanese electric power utilities. Because Ichigo Green is also guaranteed a base fee from solar power plant operators regardless of actual power generation, it has significant long-term earnings visibility and stability.

We believe that the growth of Ichigo Green will support the development of Japan’s capital markets while contributing to Japan’s energy sufficiency.