Corporate Organization / Mitsui & Co. Logistics Partners Ltd.

Mitsui & Co. Logistics Partners Ltd. (MLP) is entrusted with the asset management of Japan Logistics Fund, Inc. (JLF) under an asset management agreement.

As the asset management company required by the Investment Trust Law of Japan, MLP manages JLF's assets in accordance with the asset management objectives and policies stipulated by JLF's articles of incorporation. In addition, in accordance with the contract for the management of general administration that designates MLP as the institutional manager of JLF's assets, MLP also executes certain responsibilities related to the operation of the Unitholders' Meeting and Board of Directors as the manager of general administration.

 

 

Management Structure / Mitsui & Co.,Logistics Partners Ltd.

 

 

The Board of Directors makes decisions on MLP's basic management policies and oversees the execution of the duties of the representative director. The President and CEO, who is the representative director, supervises and executes MLP's operations. The CIO, as head of the Acquisition Department and the Investment Management Department, the CFO, as head of the Corporate Planning and Finance Department and the Accounting Department, and the head of the Corporate Administration Department each serve as directors and oversee their respective divisions under the direction and oversight of the President and CEO. Internal audits are covered by the Compliance Officer while utilizing the expertise of outside CPAs, who also conduct the accounting and operational audits of MLP.

Acquisition Department	Establishment of basic investment management policies
	Research and analysis of the real estate market, distribution market, etc.
	Acquisition and sale of properties
	Research and assessment of properties
	Tenant leasing of properties
	Establishment of renovation plans of properties
	Any other relating to the above
Investment Management Department	Establishment of basic policies relating to the operation and management of operating assets
	Establishment of renovation plans of properties
	Establishment of the annual investment and management plans of operating assets
	Selection and supervision of property managers of operating assets
	Monitoring and reporting on the status of the management and operation of operating assets
	Establishment and implementation of medium- to long-term repair and maintenance plans
	Any other relating to the above
Corporate Planning& Finance Department	Planning and proposal of management strategies for the Fund
	Funding procurement for the Fund
	Disclosure, IR for JLF
	Handling of referrals from unitholders
	Operation and maintenance of systems information devices
	Any other relating to the above
Accounting Department	Closing of financial accounts of the Fund
	All quantitative issues regarding the portfolio.
	Any other relating to the above
Corporate Administration Department	Operation of the Unitholders'Meeting and Board of Directors
	Contact with supervisory agencies and any related organizations
	Matters relating to general affairs, accounting and personnel of MLP
	Any other relating to the above

 

Compliance Initiatives

The management of JLF and MLP conduct honest and appropriate business activities while maintaining compliance by adhering to all relevant laws and regulations based on a high level of corporate ethics.

The bylaws of JLF's Board of Directors stipulate that Board of Directors ‘meetings are to be held at least once every three months. However, in practice, JLF holds such meetings at least every month. At Board Meetings, the executive director reports on the execution of his duties, and supervisory directors ensure that oversight and check and balance systems are functioning properly.

MLP recognizes compliance as a core facet of its management strategy, and abides by a fundamental compliance policy whereby operations are conducted honestly and fairly and a rigorous compliance system is maintained based on a high level of corporate ethics. Specifically, MLP has established a Compliance Committee, consisting of the Compliance Officer, President & CEO, the heads of each department which include the CIO, the CFO, and the head of the Corporate Administration Department, as well as an outside committee member, in order to enhance awareness of and adherence to the "Compliance Manual." Additionally, the Compliance Program is reviewed and revised each year to verify the progress of the execution plan for that year and to identify any problem areas.