Newly Established Granite & Marble Business Equity Stake For Sale in Ise, Japan

- The business is in the pre-revenue phase and will mine high-grade granite. The business will be structured as a general partnership.

1. 100% permitted and consented:
The official prefectural mining permit and 100% of local fishery union and community consents have already been fully secured following a 10-year consensus-building process. Infrastructure setup and extraction activities will begin immediately after the transaction is completed.

2. Logistical supremacy and highly efficient cost structure:
The quarry site features an exceptionally low-cost operating structure. It is located just 5 km (approximately 10 minutes) from a dedicated shipping port. The site's downhill topography will enable fully loaded downhill transit, significantly reducing fuel costs and supporting strong operating margins.
The quarry is estimated to contain granite reserves of approximately 7,809,615 cubic metres.

3. Guaranteed demand linked to national infrastructure projects:
The granite will feature an average compressive strength of 113.0 N/mm², which is more than double the official Japanese public works standard of 50 N/mm².

4. Japan's demand for granite:
- Domestic supply of infrastructure-grade hard stone in Japan has significantly declined to nearly 30% of its historical peak due to severe resource depletion and increasingly strict environmental regulations.
- At the same time, Japan is executing multiple government-backed mega infrastructure projects, including sea-airport runway expansions and national port reinforcement initiatives, which are expected to require more than 10 million m³ of hard stone annually over the next 10 to 15 years.
- This substantial demand-supply gap will make the project's target sales opportunities highly visible while minimizing off-take risk. The market structure is expected to shield the investment from private market volatility and support a stable, sovereign-backed cash flow trajectory over the long term.

5. Quarry timeline and ROI range:
- Time to market: 4 to 6 months following the post-investment road and port setup phase.
- Net payback period: Approximately 36 months from the commencement of commercial sales.
- Total investment recovery period from the initial capital deployment date:
- Accelerated case (4-month setup): Approximately 40 months total payback.
- Conservative case (6-month setup): Approximately 42 months total payback.
- The financial structure is expected to remain highly resilient and will offer institutional investors a predictable cash flow model that is substantially insulated from market volatility.