In March Reiwa 8 (2026), the Land and Construction Economy Bureau of the Ministry of Land, Infrastructure, Transport and Tourism published the "Collection of Practical Cases of Social Impact Real Estate." Three years after the 2023 practical guidance, five advanced examples challenging both the creation of social impact and the improvement of real estate value have been systematically compiled as an official document by the Ministry of Land, Infrastructure, Transport and Tourism. An irreversible structural change has begun for real estate investment, asset management, and urban development.
5 CASES — Overview of the 5 Cases Included
Please refer to the case study PDF for details on each case.
Quantified "Quality of Life (QOL) Improvement" as social impact through a fund of 15 billion yen across 11 properties including nurseries, residences, hotels, and offices. As the first project to implement MUFG's KPI list, GOYOH's EaSyGo "REAL IMPACTs" is planned to verify the correlation between tenant satisfaction, NPS, and occupancy rate.
Transformed an old small-to-medium-sized building (Osaka Nikken Building No. 1), constructed in 1968, into ZEB Ready. Reduced CO₂ emissions by 58% and annual utility costs by approximately 12 million yen, with an estimated payback period of about 4 years for additional renovation costs of approximately 40 million yen. This is a model case demonstrating the shift from "environmental renovation = cost" to "investment opportunity."
A framework that comprehensively evaluates the value of energy-saving investments not only by "utility cost reduction" but also by 12 items of non-energy benefits (NEBs) such as intellectual productivity, health promotion, talent retention, and BCP response. In demonstrated cases, non-energy benefits reached approximately four times the utility cost reduction, shortening the investment recovery period to one-fourth of conventional estimates.
A unique framework that converts the external economic value that real estate brings to the region and society (employment, vibrancy, disaster prevention, CO₂ reduction, etc.) into a "yield (E-NOI yield)" and juxtaposes it with financial NOI. At the Hyogo-Miki Regional Exchange Hub, an estimated E-NOI yield of 12.3% was calculated, and a third-party opinion letter has also been obtained.
The former Kawagoe branch of Saitama Resona Bank (a nationally registered tangible cultural property established in 1918) was renewed in 2024 as a regional revitalization hub. Achieved 93% regional satisfaction after opening, approximately 240,000 visitors, and approximately 200 million yen in regional product sales (all cumulative), embodying the model where "social impact creates economic value."
INVESTOR VOICE — From Investor and Financial Institution Interviews
"It is important to be able to draw a story where initiatives contributing to social impact lead to tenants choosing and being happy with the property, which then reflects in rent and occupancy rates."
— Major financial institution (Investment and Lending Department)
STRUCTURAL SHIFTS — Three Structural Changes to Come
Based on the publication of this case study collection, GOYOH foresees the following three structural changes:
Trend 01
The strength of human experience value leads to profitability
Tenant experience, satisfaction, and health will be linked to rental income, occupancy rates, and NOI. The value of human experience, once considered "soft," will finally become a core profit driver for real estate.
Trend 02
Real estate becomes a platform for industrial collaboration
Well-being, community, sustainability, and regional value—cross-industry collaboration will accelerate, starting with real estate. Beyond hotels and retail, operational elements and their added value will become crucial components of asset valuation in offices, residential properties, and logistics facilities.
Trend 03
Maintenance of non-financial data becomes the new standard for PM reports and financial collaboration
Operators who quantify tenant satisfaction, NPS, and energy consumption and link them to financial indicators will gain an advantage in investment and financing discussions. Visible data will enable collaboration with sustainability-linked loans and impact funds, leading to the expansion of new financing options.
GOYOH is featured in this case study collection as a technology partner responsible for "quantifying social impact" and "connecting it to economic returns." The Impact Checker function of "EaSyGo REAL IMPACTs" visualizes tenant satisfaction and engagement, while "EaSyGo ValueDriver" analyzes ESG data for buildings and tenants to explain social impact and economic returns to investors.
For inquiries regarding the structural changes indicated in this case study collection, or initiatives in collaboration with EaSyGo services, please feel free to contact GOYOH.
OUR TOOLS — EaSyGo Services
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📄 Collection of Practical Cases (PDF)
Published by MLIT, full text available for free
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