Social

Initiatives

For Communities

Through investment and value enhancement of commercial facilities operated by the AEON Group, AEON REIT Investment Corporation will contribute to the development of local communities in cooperation with sponsors, tenants, governments and other stakeholders.

Contribution to communities

In addition to shopping, drinking and eating and amusement facilities, AEON MALLs have healthcare facilities, government offices, banks and post offices, among other facilities needed by people in communities to improve their lives. Multipurpose event spaces in AEON MALLs, including Aeon Halls and Aeon Cinemas, are used by people in local governments and other organizations. We aim to be retail facilities that are indispensable for local communities.

Support for local events and cultural activities

In the owned properties, initiatives that may contribute to local communities are carried out aiming to coexist with and revitalize them.

  • A celebration ahead of the Morioka Sansa Odori festival (AEON MALL Morioka)
  • Goldfish scooping contest (AEON MALL Yamato Koriyama)
  • We hold events for tenants.

In July 2017, AEON Co., Ltd. became the first retailer designated by the Prime Minister as a public institution. As of February 28, 2019, AEON had concluded a comprehensive cooperation agreement with Hokkaido, Osaka, Kyoto and 41 other prefectures and 19 major cities. AEON is concluding a disaster prevention agreement with local governments nationwide, committing to cooperating with and supporting local governments.

  • We support the activities of many different organizations.

Safety and health considerations

Considering safety and health in communities, we provide the following:

  • Universal design restrooms
  • AEDs

Certain properties that we own have docks for bike-sharing programs in cooperation with local governments to improve customers' convenience in local communities.

Health and well-being

We invite day-care centers and healthcare facilities to become tenants at properties we own. We support local residents and workers' child rearing and contribute to their health and well-being.

Free shuttle buses

Certain malls operate free shuttle buses.

Disaster Mitigation Activities

Up to now, the AEON Group has concluded disaster prevention agreements with more than 700 local governments, external partners, and other entities across Japan. AEON REIT Investment Corporation is also working on disaster prevention measures and countermeasures in order to develop safe and secure communities.

Contribution to communities in case of disaster

We place priority on customers' safety in day-to-day operations at AEON MALLs. We conduct evacuation drills simulating disasters, such as earthquakes and typhoons, regularly with employees of specialty stores to fulfill our malls' role as disaster mitigation facilities in communities.

When wide areas are affected by disasters, we also aim to provide facilities for reconstruction that have electricity and drinking water necessary for maintaining their functions to the greatest extent possible.

Disaster mitigation and BCP

We conduct regular emergency drills, such as earthquake drills and fire drills, to improve our ability to deal with disasters.

In addition, we are actively promoting construction work to improve the disaster prevention function of the owned properties. Particulary, we have been replacing "Smoke-proof hanging walls"* from glass with noncombustible film.

* Walls hanging on the seilings which slow down the flow of smoke in the event of a fire.

Mitigation of snow damage

To mitigate snow damage, we have installed road heating systems at certain properties we own.

For Tenants

In the owned properties, various efforts are being made to ensure the comfortability, safety and security of customers and tenant employees.

Operation of a day-care center

We operate the AEON Yumemirai Nursery School to support employees who work while raising children.

Comfort and safety

We create break rooms for tenants' employees so that they can work in safety and comfort.

We are building a barrier-free environment so that everyone can use our facilities safely and comfortably.

  • Installation of slope
  • Universal Design Vending Machine

Disclosure

To secure unitholde value, we will keep on disclosing information from the standpoint of investors as far as we can, and convey important topics promptly and accurately.

Number of press release

The table below shows the number of press releases issued by the Investment Corporation and a breakdown of them.

  20th Period
August 1, 2022 to January 31, 2023
21th Period
February 1, 2023 to July 31, 2023
Total 26 20
Properties 1 3
Financial results 10 8
Borrowing 4 0
Capital increase 3 1
Rating 0 1
Others 8 7

For a list of press releases, please visit the following address:
https://www.aeon-jreit.co.jp/en/ir/index.html?cate=all&year=2021

IR library

For information on the Investment Corporation's IR material, please visit the following website:
https://www.aeon-jreit.co.jp/en/ir/library.html

Conferences with Individual investors

In addition to participating in presenting meetings held by securities firms and The Association for Real Estate Securitization, we hold presentations at properties owned by the Investment Corporation and participate in seminars for women, among other meetings.

  20th Period
August 1, 2022 to January 31, 2023
21th Period
February 1, 2023 to July 31, 2023
Number of conferences 1* 0*
Number of conference locations 0* 0*
* suspend most of the IR meeting for individual investors to pervent COVID-19 infection.

Please see the table below for further information.(Japanese only)
https://www.aeon-jreit.co.jp/ja/individual/schedule.html

Conferences with Institutional investors

We participate actively in investor conferences held by securities firms in Japan and overseas. Following the conferences, we make ourselves available for interviews and participate in follow-up meetings. We also visit investors in Japan and overseas.

Active dislosure

We actively disclose information on our website and using other communication tools (including analyst meeting presentation materials, semi-annual reports and press releases).

Initiatives by AEON Reit Management

For Employees

The Asset Management Company has been actively supporting its employees for their health and safety by firm systems and comfortable environment. This is provided based on the idea that satisfying system will advance the employees to demonstrate their abilities to the fullest extent, which will be connected to contributing to the local community and maximizing unitholder value.
To ensure the health and safety of the employees, follow up announcements for checkups with industrial physicians and public health nurses are made based on the results of regular checkups. In addition, variety of other initiatives, such as, health training courses, walking events, infection prevention measures are provided. As a result, the Asset Management Company were certified as a "Health & Productivity Management Organization" in 2021 by the Ministry of Economy and NIPPON KENKO KAIGI.

Basic data

Item FY2019 FY2020 FY2021 FY2022
Total number of officers and employees 37 37 40 40
[Male] (%) 31(84%) 32(86%) 31(78%) 29(73%)
[Female] (%) 6(16%) 5(14%) 9(22%) 11(28%)
Directly hired employees 27 28 34 36
[Male] (%) 22(81%) 24(86%) 26(76%) 25(69%)
[Female] (%) 5(19%) 4(14%) 8(24%) 11(31%)
Seconded employees 6 5 2 0
[Male] (%) 5(83%) 4(80%) 1(50%) 0(0%)
[Female] (%) 1(17%) 1(20%) 1(50%) 0(0%)
Managements*1 16 18 19 17
[Male] (%) 13(81%) 15(83%) 18(95%) 15(88%)
[Female] (%) 3(19%) 3(17%) 1(5%) 2(12%)
New hires 7 2 9 4
[Male] (%) 6(86%) 1(50%) 5(56%) 2(50%)
[Female] (%) 1(14%) 1(50%) 4(44%) 2(50%)
Turnover rate*1 6% 5% 8% 8%
Employees aged 60 and over 3 4 1 0
Employees taking childcare leave 0 1 1 0
[Male] 0 0 0 0
[Female] 0 1 1 0
Employees taking nursing care leave 0 0 0 0
[Male] 0 0 0 0
[Female] 0 0 0 0
Average overtime hours (hours/month)*1 13.2 11.7 14.3 15.6
Average number of paid holidays taken 11.5 12.4 10.4 11.1
Occupational fatal accidents 0 0 0 0
Percentage of Employees Taking Childcare Leave*2 - - - -
[Male] 0 0 0 0
[Female] 0 100 100 0
Gender pay gap*3 75% 81% 71% 71%
Absense rate(%)*1 0.24% 0.71% 2.50% 1.68%
*1:Calculated based on the Asset Management Company's standard. *2:Percentage of male employees taking childcare leave = Number of male employees who took childcare leave during the fiscal year / Number of spouses of male employees who gave birth during the fiscal year x 100 *3:Annual average salary of female employees excluding directors / Annual average salary of male employees x 100

Work-life balance and healthy environment of workplace

Following are the examples of the initiatives.

Classification Items Contents
Vacations Childcare leave Until the child reaches the age of 1 year and 6 months or 3 years.
  Nursing care leave Up to one year in total.
  Nursing leave Maximum of 5 days per year.
Health care Safety and Health Committee Held once every other month.
  Employee satisfaction surveys Conducted once every year. (Started annually basis since 2019. Conducted every other year prior to 2018.)
  Stress check Conducted once every year.
  Mental health training courses Conducted at least once every year.
  Checkups with industrial physicians Arranged on a regular basis and as needed.
  Whistleblower system Whistleblower system is set for the employees.
  Infectious diseases prevention Subsidize the cost of infection prevention equipment and flu vaccinations.
Others AEON Group's welfare system Signed up as a member of the Health Insurance Association and the AEON Good Life Club.
  Various allowances Allowances such as child education and housing subsidy.
  Commendation system Award committee is arranged once a year.
  Anti-smoking initiatives Actively promoting anti-smoking initiatives to maintain and improve the health of the employees.
  Periodic evaluation Conducted every six months.
  Personnel interviews Conducted with all employees at least once every year.
  Cumulative investment unit system Expecting the system improves employees' awareness to improve business performance and contribute to the enhancement of unitholder value.

Actions for Diversity and Inclusion, Equality of Opportunities and Eliminating Discrimination

The AEON Group has named the satisfaction of employees, their families, customers, and the company created by promoting diversity "Daimanzoku," and has set this as the Group's diversity vision.

The Group is implementing various initiatives to promote diversity throughout the group, including group-wide training programs and the "Daimanzoku Award" to honor group companies which have made conscious effort to promote diversity in their companies.

The Asset Management Company strives to create a working environment in which diverse personnel can make the most of their individual strengths by implementing a variety of initiatives aimed at improving employee diversity and equal opportunity, such as human rights training for all executives and employees.

We will treat our employees fairly and equitably regardless of their race, gender, sexual orientation or religion in all opportunities for recruitment, hiring, leave privileges, evaluation systems and benefits.

The Asset Management Company has established a "Sustainability Promotion Committee" , where we share information and deliberate on issues such as how to pursue diversity, equality and inclusion of employees as one of the important issues.
Click here for more information about the promotion system

For Human resources development

Policy for Human resources development

AEON Reit Management, the Asset Management Company considers that it is necessary to gather human resouces with various values and high level of expertise in order to realize its corporate philosophy. At the same time, development of company systems and fostering an organizational culture is considered as important actions with the aim of maximizing employees abilities.

Based on above idea, the Asset Management Company is continuously and actively investing in human resources to promote the autonomous development of abilities and careers by human resources, which are the most important assets for the company referring to the Code of Conduct.

Record of training

The Asset Management Company provides training programs for the officers and employees aiming to enhance their expertise and abilities required for high quality work. Trainings are conducted throughout the year and contents are reviewed in regular basis. By providing productive training and examinations, the Asset Management Company will continue developing human resources with a higher level of expertise.

Training hours and costs
Item FY2019 FY2020 FY2021 FY2022
Training hours per employee(hours/year) 32 16 29 23
Training costs per employee(yen/year) 81,000 46,000 90,500 146,000
* Counted only trainings targeting all the employees. Trainings are conucted both by in-house and external trainners.
Number of training sessions
Item FY2019 FY2020 FY2021 FY2022
Compliance 7 11 11 12
Business*1 7 6 6 6
Human rights*2 3 2 1 1
Occupational health and safety-related*3 4 5 6 7
System (E-learning) 12 12 17 15
Sustainability 1 1 1 1
Mental Health 1 1 1 1
*1 Conducted by each department on a rotating basis to introduce the details of its operations. *2 Held for the employees and for executives. *3 The exaples of records for FY2022 are as follows
"How to read the results of health checkups and the importance of secondary health checkups", "Countermeasures against viruses! Boosting Immunity through Intestinal Activity" "70% of People with Cancer are Balancing Treatment and Work" ,"Assertion + Mental Self-Care" etc.

Employees with professional licenses(February 2023)

Type of training Number of holders
Real estate notary 15
ARES master 11
Certified real estate consulting master 3
The company have established support system to help all-employees stay motivated to seek opportunities to acquire these licenses.

Social considerations

Volunteering and Donations

Monthly community cleanup program is held with the aim of contributing to the revitalization of local communities and regions.
On the other hand, we are participating in some annual donations and fund-raising activities, and we also began suppotring the AEON 1% Club in 2021.
The AEON 1% Club is a business activity consists of three pillars of "Sound Development of the Next Generation, "Promotion of Friendship with Foreign Countries," and "Sustainable Development of Regional Communities, of which the major companies in the AEON Group particiapte and support with an amount equivalent to 1% of their pre-tax profits. Specifically, the Club support for "the construction of schools in countries lacking educational facilities", "the succession of traditional events and culture in each region", "the recovery and reconstruction of areas affected by large-scale natural disasters", and "the development of human resources to carry out these activities" with the donations.

Item FY2019 FY2020 FY2021 FY2022 Detail
Number of community cleanup programs implemented 9 - - 9 Community cleanup program is conducted once a month to contribute to the revitalization of the local community and region.
*Due to the impact of COVID-19 , activities for FY2020 and FY2021 have not been placed.
Support to AEON 1% Club - - 10,600,000 yen 12,800,000 yen Have started investing in the AEON 1% Club from 2021.
Donations (times) 23,331 yen
(7 times)
14,751 yen
(6 times)
15,917 yen
(5 times)
49,175 yen
(5 times)
【FY2022】
・Donation for Children of Ukrine
・UNICEF Safe Water Campaign
・Donation for 24h TV
・Shuri Castle Support Donation
・Donation for support to children's cafeterias (kodomo shokudo)