Japan Chapter Board

Akemi specializes in tax consulting for financial institutions/real estate companies, supporting her clients with the development of various investment funds and financial products. She has 30 years of experience, from the start of the J-REIT market, dedicated to serving fund managers and investors (multinational companies, pension funds), advising on both inbound and outbound strategies for tax effective market entry, distribution arrangements and investment structuring.

Akemi is an active participant in tax policy discussions, advising as well as attending workshops and committees sponsored by government agencies and industry associations.

Akemi has authored various articles and books on the tax treatment of investment structures, JREITs, cross-border securitization and on topical financial services tax issues. Akemi is a member of the Japanese Institute of Certified Public Accountants (CPA) and Japanese Licensed Tax Accountant (LTA) Association. She is a graduate of the Law Faculty of Kyoto University.

鬼頭　朱実
PwC税理士法人
マネージング　ディレクター

PwC入所以来、金融、特に投資運用業の税務を専門とし、J-REITを含む不動産投資ファンド、プライベートエクイィティ、ベンチャ―投資ファンドやヘッジファンド、資産流動化をはじめとする金融取引・不動産取引に関する税務コンサルティングに約30年にわたり従事。 J-REITやプライベートエクイティ投資の創生期からファンド立上の税務アドバイスを行っており、インバウンド・アウトバウンド双方のクロスボーダー案件のアドバイス経験を豊富に有している。海外年金や海外ファンドによる日本の金融資産や不動産投資案件に係るアドバイスの他、日本の年金や法人投資家による海外ファンド投資や日本の投資家を対象とする海外投資ファンド組成に係る案件に多数関与。また、官公庁やファンド業界団体の税制改正等に関する検討会メンバーを数多く務めるとともに、官公庁の各種調査業務を担当してきた。

主な著書には「投資ストラクチャーの税務」（至第11訂版）、「信託の税務」　（税務経理協会） 「不動産投信の実務」「基礎解説　証券化の税務」（中央経済社）等がある。

公認会計士・税理士　京都大学法学部卒。

Kenji Utsumi is a partner at Nagashima Ohno & Tsunematsu and recognized as a leading lawyer in Real Estate practice at various legal awards. He has advised clients, as their main legal counsel, on large real estate transactions, several of which are awarded as the Real Estate Deal of the Year Award, Asian Legal Business, Japan Law Awards for years 2019, 2018, 2017, 2009, and 2008. Mr. Utsumi regularly counsels a number of TSE and SGX listed REIT clients as well as real estate private equity funds on a wide range of matters including formation, public offerings, M&A and restructuring of REITs and real estate private equity funds. Mr. Utsumi has substantial experience with respect to real estate private equity funds and has represented fund arrangers, fund investors, lenders and tenants, and was recently informed that he is known as “the lawyer who has assisted his clients in acquiring the largest amount of real estates in Japan.”

プロフィール

2015年からインド進出を開始し、インドにおける住宅開発プロジェクトを主な投資対象とするファンド『玄海インドインベストメント』を2019年に組成。当ファンドは本年9月より、ムンバイの分譲マンション開発（住宅の総床面積：約17,500m2）に投資を開始している。玄海キャピタル設立前は、2004年から株式会社福岡リアルティにて代表取締役社長を務め、福岡リート投資法人を組成し上場を果たす。1999年から2004年にはリーマンブラザーズにおいて同社の自己勘定不良債権及び不動産投資のリーシングを統括。それ以前は12年間三井不動産に在籍し、米国における約10億USDのポートフォリオ収益不動産のファイナンスの経験もある。

玄海キャピタルは、バリューアップ戦略を得意とするファンドマネジメント業務と専門家チームによるアドバイザリー業務を中心とした独立系不動産投資顧問会社。2006年設立、現在のAUMは約400億円。

As founder/CEO of Genkai Capital Management (GCM), a real estate investment management firm with AUM of 40B yen, Matsuo established a Japanese fund focused on development projects in India. The fund has just started investing in a multi-family project with 189K sqf. Prior to founding GCM in 2006, he originated and completed the IPO of Fukuoka REIT Corporation (J- REIT), as president of Fukuoka Realty Co., Ltd. He also has 5-year experience in the Global Real Estate Group of Lehman Brothers in Japan, and 12-year experience at Mitsui Fudosan, during which he managed about 100B yen in assets in US.

Mr Ryuta Takeuchi is responsible for JLL’s Capital Markets platform across Japan and works with the firm’s extended global Capital Markets team to facilitate inbound investment opportunities into Japan’s commercial real estate market and advise domestic capital owners on outbound investment.  He joins JLL from Mitsubishi Corporation where he was President and CEO of Diamond Reality Management Incorporated, its global real estate investment arm. For Mitsubishi Corporation, Mr Takeuchi oversaw assets under management of over US$8 billion through private real estate investment trusts (REITs) and private funds in Japan and other global markets in this position from 2021 to 2023.  Mr Takeuchi joined Mitsubishi Corporation in 1996 and held a variety of leadership positions including Head of Executive Management and Strategy Planning Office in its Urban Development Group, Managing Director and CEO of MC Asset Management in Europe. He was also Co-CEO of UBS-Mitsubishi Corporation General Partner – UBS- PREMF Limited, a joint venture private funds business with UBS.