MITSUI FUDOSAN 2020 CORPORATE PROFILE GROUP STATEMENT “Bring affluence and comfort to urban living” CONTENTS GROUP VISION What we want to be 1 Philosophy Seeking to link diverse values, coexist in harmony with society and achieve a sustainable society, as symbolized by the Mitsui 03 Top Message Fudosan “ ” logo, we will work to foster social and economic development as well as global environmental preservation. Under “ ”, we will aim for a society that enriches both people and the planet. 05 ESG Management 2 Evolution and value creation By bringing knowledge and experience together in diverse ways, we seek to advance the real estate business and create new value, both at home and abroad, proactively responding to global changes in social environments and market structures. 06 Human Resources Strategies/ 3 A profitable and growing Mitsui Fudosan Group Consolidation of Head Office Functions in We seek to create a pro table and growing Mitsui Fudosan Group, acting honestly and fairly to realize the capabilities of the Our New Office entire organization. 07 Mitsui Fudosan's Neighborhood Creation GROUP MISSION What is expected of us 09-10 Nihonbashi Revitalization Plan 1 Provide business and lifestyle-related solutions and services 11-12 TOKYO MIDTOWN ・Maximize urban value creation by providing secure, safe and attractive urban spaces and soft services that bring enrichment 13-14 Bay Area Neighborhood Creation/Kashiwa-no-ha Smart City and comfort to urban living. ・Provide variable and innovative solutions that stimulate the real estate investment market. 15-16 Global Initiatives 2 Work in partnership with customers from a global perspective ・Treat customers as the business foundation on which to progress and develop the Company. 17 Office Buildings ・Propose and provide products and services by deploying the collaborative strength of the Group with a multidisciplinary approach that meets the real needs of customers. ・Work in partnership with customers to raise brand value by continuously providing services that are highly valued by them. 19 Retail Properties 3 Raise our corporate value ・Raise corporate value through sustainable pro t growth and continual innovation. 23 Hotels and Resorts ・Optimize the allocation and use of available resources and pursue ef cient operations. ・Conduct operations while closely monitoring and managing business risks. 25 Homes and Living 4 Create a strong corporate group by enhancing the capabilities of individuals ・Seek to maintain a creative and pioneering spirit by integrating various skills and values. ・Cultivate and institutionalize the professional capabilities of individuals to enhance our ability to create value-added 27 Solution Partner products and services. ・Maintain high awareness of ethical, disciplinary, and compliance issues, and act accordingly. (Established: June 1999, Revised: April 2018) 28 Logistics Properties

29 Innovation Initiatives

30 Life Science Innovation Promotion Business/ Space ＆ Environment Institute/ CARE DESIGN Department

31 Corporate Data/Executive Officers/ Domestic Network

32 Organization Chart

33 Major Group Companies

34 Financial Highlights

35 History Top Message

circumstances, we would like to share the status of our a vision that calls on us to: “Successfully establish a sustainable major businesses. society through the creation of neighborhoods”, “Harness Our Of ce Buildings business is doing well. Our seven technology to innovate the real estate business”, and “Evolve into mixed-use redevelopment properties in the Hibiya, Nihonbashi, a global company”, and despite the global crisis of the spreading Hiromichi Iwasa pandemic, I believe that this direction will remain unchanged. Chairman of the Board and Chief Executive Of cer Tamachi, Otemachi, Kasuga, and Toyosu areas of Tokyo including TOKYO MIDTOWN HIBIYA which was completed in Without access to an effective vaccine and therapeutic 2018, are all operating at full occupancy. treatments, people currently have to refrain from unnecessary Masanobu Komoda Despite the lifting of the government’s emergency declaration, contact with others, but these circumstances are by no means President and Chief Executive Of cer concern about the risks of a second wave remains, and how everyday will look in the future. We human beings are social normalization of operations and recovery of sales in our Retail animals by nature, and through that contact, we create energy. Properties business will take time. In this environment, we believe Once cures and preventive measures against this virus become that it is vital to provide proactive support for our retail tenants available, the future will be as it should be: a world where people who are our important partners. We will share the pain and gather in cities, creating various value and innovation through With building a Sustainable Society as our aim, together overcome the adversities. Our Group will endeavor to vibrant interaction. We have no doubt that this future is waiting for strengthen our long-term relationships of trust with tenants and this crisis to turn the corner. For this reason, we will continue to we are contributing to solving ESG issues and will aim to operate facilities with attractive stores that bring aim to “successfully establish a sustainable society through the pleasure to many customers. creation of neighborhoods”. the achievement of SDGs. In our Hotels and Resorts business, we have experienced a The rapid advance of Digital Transformation (DX) also is in synch decline in sales and pro ts due to the signi cant decrease in with the direction set in “VISION 2025”. Some examples of our inbound tourists who are refraining from domestic long-distance DX-ready solutions include shared of ce “WORKSTYLING” as travel. In addition, the postponement of the Tokyo Olympic and promoted by our Group, the fashion EC site “&mall”, and “MFLP ICT LABO 2.0” in our logistics facilities business. The world of The essential aim of Mitsui Fudosan Group is the creation of Paralympic Games has had a large impact. We view the period tomorrow will see even more diversi cation of work styles and The Social Mission vibrant cities and communities through a diversity of businesses, until demand recovers as valuable time to gain increased trust lifestyles, and we are entering an era that demands even higher and to provide enjoyment and comfort to people's lives. Now, from customers. During this period, we will undertake a variety of of Mitsui Fudosan Group levels of fusion of the digital and real world. It may be necessary however, the protection of lives is paramount, necessitating measures such as thorough hygiene management of facilities and to revise our initial assumptions regarding the required speed and distancing from the hustle and bustle of the city and partial consideration of steps to cultivate deeper customer loyalty. The world is battling COVID-19. Restrictions on the movement scale of change, but we will continue to implement various restriction of certain businesses, services and other activities. The domestic Homes and Living market has maintained strong of people and goods, social distancing, and other measures to measures that will “harness technology to innovate the real As a result, pro ts will temporarily decline, but companies must sales with a focus on properties conveniently located in the city prevent the spread have had a devastating impact on estate business." not only pursue the creation of economic value and short-term center and near stations. This trend has been supported by an economies. Even in Japan, determination of the state of the Some have pointed to the global COVID-19 pandemic as pro ts, but also ful ll their social responsibilities. We are increase in dual-income households, a rising need for close spread of infection and whether it is under control remains evidence of a “negative aspect” of globalization. However, the committed to working together with local communities, tenants proximity between work and living, and low interest rates. Under dif cult. Until a vaccine or effective therapeutic treatments globalization promoted by our Group is completely different from and other partners to overcome this national crisis and pave the these circumstances, our high-value-added condominiums that become available, it will be necessary to continue to coexist that concept. Our global business is not primarily focused on way for a sustainable society. By ful lling these social leverage our Group's strengths of “Central”, “Large-scale”, and with COVID-19. With the understanding that we are engaged in people moving across borders. In overseas markets, we establish responsibilities, we will gain even more trust from all our “Redevelopment” have continued to sell well overall. Of the 3,800 a long war against this virus and must accept signi cant our real estate business as a local business, and leverage the stakeholders including customers and tenants. Eventually when units scheduled to be booked in scal 2020, sales contracts have restrictions on social life and economic activities for the integrated strength and capabilities of the Group to develop and we nally see the end of the COVID-19 pandemic, I am con dent been concluded on more than 80% in the early stages. The foreseeable future, we are facing the huge challenge of expand value-added projects locally. In this way, we can that Mitsui Fudosan Group will be even more needed by society. impact of the COVID-19 pandemic has been limited so far; simultaneously achieving both "prevention of the spread of however, we will be closely monitoring the market outlook. continue to expand our business in the future and to “evolve into COVID-19" and "economic revival". In our Overseas Business, of ce buildings in the US and Europe a global company.” Amid the ongoing global turmoil, I believe that the top priority State of Our Businesses account for an especially share of our business, and revenues are The challenges presented by the COVID-19 pandemic are an for companies is the protection of people's lives and health. In relatively stable because lease contracts with tenants mainly opportunity to reaf rm our belief that companies not only are about order to overcome this national crisis, it is vital for the public range from 10 to 15 years. The leasing state of the new of ce making pro ts, but also have an obligation to ful ll social and private sectors to work together to prevent the spread of Our Group is currently taking various measures to prevent the buildings is very positive with 100% of the largest development responsibilities. In a crisis like this, protection of the lives and health infection and to revitalize the economy. spread of COVID-19 at all facilities. Amid these challenging "55 Hudson Yards" in the United States in operation, and in the of people comes rst and foremost. As a consequence, we must case of "50 Hudson Yards Development Project (tentative name)” accept restrictions on sales activities and temporary declines in scheduled to be completed in 2022, BlackRock and Facebook pro ts. And if tenants or other business partners face extreme have been con rmed as tenants and contracts for 75% of space dif culty, if we have the capacity and can afford to lend even a little VISION 2025 Basic Strategies have already been signed. Also in the UK, our of ce properties assistance, we must reach out. Support of healthcare workers on the frontlines of ghting this virus is also necessary. We believe that Customer-centered Management including "1 Angel Court" and "TV Centre Redevelopment Project" Our execution of the following three basic ▶ Appropriately address changes in customers’ values are operating at 100% leasing, and more than 90% of these efforts comprise the essence of realizing a sustainable society strategies will contribute to the continued ▶ Create markets by uncovering unmet needs condominiums have already been contracted. and are in line with the spirit of ESG. Maintaining this perspective, our robust growth and pro tability of Mitsui ▶ Execute on a global level Group will redouble efforts to advance our ESG management and to make “VISION 2025” a reality. Fudosan Group and to the establishment of Achieve Society 5.0 Advancing “VISION2025”, a sustainable society. Contribute to the SDGs

Establish a sustainable society Mitsui Fudosan Group Long-term Vision Pursue common social value Drive sustainable profit growth Our Group formulated the long-term vision “VISION 2025” in Evolution of Group Management order to innovate the real estate business and to achieve further Business Innovation ▶ Strengthen Group synergies ▶ Innovate the real estate business globalization, to attain sustainable growth into the mid-2020s and ▶ Promote Group collaboration globally ▶ Make extensive use of digital technology ▶ Strengthen external collaboration and beyond. In order to achieve these objectives, we have articulated ▶ Establish new pro t models implement open innovation

03 04 【P5-6】SDGs への取り組み、人材への取り組み・新本社紹介＿ENG

Evolution and creation of ESG Management Human Resources Strategies new value in the real estate business In order to realize continuous value creation, the Mitsui Fudosan Group has positioned ESG Since its founding, the Mitsui Fudosan has inherited and nurtured a (Environment, Society, and Governance) as a key management issue, and established six materiality issues for progressive spirit and free and open corporate culture and used these as Execution abilities as a team the area in the Mitsui Fudosan Group Long-term Vision formulated in May 2018. a driver for providing diverse and innovative solutions and services in Broadening professional, Integration of By further evolving neighborhood creation through the pursuit of these goals, connection with business and living, under the Group Statement of specialized knowledge and various capabilities value systems the Group aims to achieve a sustainable society and drive sustainable pro t growth. "Bring afuence and comfort to urban living.” We see our people as an asset and the most important drivers in creating new value as a real estate developer. The basic approach to human resource management at Mitsui Fudosan is Mitsui Fudosan Group Approach to ESG Management to treat each employee as an individual and create a stage on which they can sharpen their professional knowledge and abilities, increase their ability to create added-value, and transform team performance through Human Resource Management Materiality the integration of diverse values and skills.

▶ Establish ultra-smart societies by creating neighborhoods Our Efforts for Diversity E ▶ Achieve a society where a diverse workforce can thrive Environment The “&” logo embodies the Mitsui Fudosan Group’s management philosophy of linking diverse values and coexisting in harmony ▶ to realize sustainable societies. In order to respond to dramatically changing social needs and realize new value creation, we are S Achieve health, safety and security in people's daily lives building an organization that allows personnel with diverse values, talents, and lifestyles to fully realize their capabilities. Society ▶ Create new industries through open innovation Example: Activation of Nurturing human resources Dual Support Creation of Workstyle Innovation Diverse Human Resources ▶ (Education, Training, Global) (Childcare & Nursingl) Work-friendly Environments G Reduce environmental impact and generate energy (Women, Global, Seniors) Governance ▶ Continuously improve compliance and governance Our initiatives to promote employee heath, active roles for women and child-rearing support have been recognized by various certi cations.

Eruboshi certi cation as an Excellent Certi cation as an Excellent Enterprise of Enterprise for the Promotion of Active Health and Productivity Management. Drive evolution in the creation of neighborhoods Participation by Women in their Work Life. ●Create communities closely tied to localities and promote high-quality town management Inclusion in the MSCI Japan Empowering Women Kurumin certi cation as a childcare Index (WIN). ●Proactively harness new technologies to develop smart cities that serve as platforms for ultra-smart societies supporting company in compliance with the Act on Advancement of Measures to Support THE INCLUSION OF [ISSUER ENTITY NAME] IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF [ISSUER Raising Next-Generation Children. ENTITY NAME] BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI Sustainable Society Sustainable Profit Growth AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS ORSERVICE MARKS OF MSCI OR ITS AFFILIATES.

Consolidation of Head Office Functions in Our New Office ●IoT will connect all people and things, In March 2020, Mitsui Fudosan completed the relocation of head of ce functions to the Nihonbashi Muromachi Mitsui Tower and totally new value will be born. (completed in March 2019). This singular consolidation of Mitsui Fudosan head of ce functions has realized the shape of ●Innovation will empower society to respond to a diversity of needs. the workplace of tomorrow - an of ce where innovation and "workstyling" is accelerated and stimulated by ●AI will make necessary information new interaction and communication. accessible whenever it is needed. Individual-level Connections Organization-level Connections Enterprise-level Connections ●Robots, autonomous driving technology Office Creation for and more will open up new possibilities. "Work Styling" and Divisional/ "Health Management" Departmental Synergies Leading Company and a New Age Work Style/Workplace Selection Open Information/ Proactive Connections with Know-how Environment External Entities For more information about the ESG Management of Mitsui Fudosan Group, please refer to information available at the links below: CROSSING Innovation born from the intersection of people and information.

ESG Management/ Integrated Report 2020 Sustainability https://www.mitsuifudosan.co.jp/ https://www.mitsuifudosan.co.jp/ english/esg_csr/ english/corporate/ir/library/annual/

Nihonbashi Muromacchi Mitsui Tower exterior 12F Reception CROSSING Lounge 11F CROSSING Park

05 06 MITSUI FUDOSAN’S NEIGHBORHOOD CREATION

TOKYO MIDTOWN TOKYO MIDTOWN Opened in Roppongi in 2007, TOKYO MIDTOWN is a large-scale mixed-use complex boasting an array of urban functionality from of ce and residential space to a hotel, retail shops, restaurants, and an art museum - all essential to an attractive life in the city. The insightful combination of these functions gives birth to the unique synergies of this urban community. Communicating "JAPAN VALUE" to the world

TOKYO MIDTOWN is the realization of a creative community unlike any other in the world – a place vibrant with values and sensibilities unique to Japan. Embodying the four concepts of "Diversity", "Hospitality", "Creativity", and "Sustainability", our TOKYO MIDTOWN brand continues to share our vision of the ideal city with the world.

Shops & Restaurants The Ritz-Carlton, Tokyo

Suntory Museum of Art ©Keizo KIOKU 21_21 DESIGN SIGHT ©Masaya Yoshimura

TOKYO MIDTOWN HIBIYA TOKYO MIDTOWN TOKYO MIDTOWN HIBIYA Comprising of ce and retail facilities and serving as a hub for business networking, and more, TOKYO MIDTOWN HIBIYA is a large-scale mixed-use complex. Fully exploiting the incredible potential of the Hibiya area, this development will create future-oriented new values and experiences through its blend of diverse urban functions. Here we aim at creating a neighborhood that resonates with moments of elegance. VISION Communicating "JAPAN VALUE" to the world. Under the shared TOKYO MIDTOWN brand vision of creating and blending "JAPAN VALUE (innovative Japanese value, sensibilities, and ingenuity)" and communicating this concept to the world, Mitsui Fudosan aims to create neighborhoods that celebrate their unique character and will appreciate in value with the passing of every year.

VALUE Providing value that leverages the character of the community. By incorporating the four de ning values of the TOKYO MIDTOWN brand: Diversity, Hospitality, Creativity, and Sustainability, and by adding value that leverages the distinctive personality and characteristics of each neighborhood, Mitsui Fudosan delivers magnetic qualities that reect and augment the characteristics unique to the locale.

Diversity: To be open to everyone and include a wide range of values Park View Garden Hibiya Festival (FY2019)

Hospitality: To value elegance through sophisticated hospitality Character Unique to Creativity: To be cutting edge in various fields and create innovative new movements the Neighborhood

Sustainability: To take advantage of the environment and its surroundings, and to be part of the evolution of the town

Various Human urban interaction By blending a variety of urban functionality and promoting interaction functions among a diversity of people, we develop communities that

create future-oriented new values and experiences. Future-oriented new values and experiences Atrium TOHO Cinemas Hibiya

11 12 MITSUI FUDOSAN’S NEIGHBORHOOD CREATION

With our eyes fixed on a brighter future, we are driving the evolution of neighborhood creation.

In addition to our existing properties and facilities, Mitsui Fudosan Group is undertaking several new development projects of substantial scale with a focus on the central Tokyo area. In each of these projects, we are fully leveraging our strengths: the identi cation of areas with 09-10 ｜ Nihonbashi Revitalization Plan potential that can be enhanced by added value; the creation of a development concept that ts the area and the capability to realize it; and the creation of communities that increase in value over time and mature with age. 11-12 ｜ TOKYO MIDTOWN While continuing to re ne and advance our approach to Smart City development, 13-14 ｜ Bay Area Neighborhood Creation/Kashiwa-no-ha Smart City we are maximizing the value of neighborhoods through further pursuit of "mixed use" development and the synergistic fusion of the "hardware" of facilities and amenities and the "software" of services and know-how. 15-16 ｜ Global Initiatives

07 08 MITSUI FUDOSAN’S NEIGHBORHOOD CREATION "Nihonbashi Revitalization Plan": Timeline

In 2019, "Nihonbashi Revitalization Plan" launched the 3rd Stage. In the rst two stages, the plan tackled "Diversi cation of Town Nihonbashi Revitalization Plan Functionality", "Neighborhood Creation Exploiting Nihonbashi's Inherent Attractiveness" and "Industry Revitalization/Innovation Promotion". 1st Stage 2 nd Stage 3 rd Stage Development of mixed-use Neighborhood creation fusing Original Nihonbashi value is Unifying local public and private sector endeavors for properties contributed to the tangible and intangible at a high level. based on an approach of diversi cation of urban functionality. (COREDO MUROMACHI 2, 3 and Terrace; "Understand, Collaborate, Communicate". area revitalization and innovative neighborhood creation. (COREDO Nihonbashi, Nihonbashi Mitsui Tower, Fukutoku Shrine, Fukutoku Mori, etc.) COREDO MUROMACHI 1)

Based on the concept of “Preserving and Revitalizing the Heritage while Creating the Future” Mitsui Fudosan Group is pursuing the Nihonbashi Revitalization Plan in a united effort with public, private and local interests. This is a labor of love and appreciation for over 300 years of history shared by the Mitsui Fudosan Group and this area. The diversi cation of town functionality through mixed-use Nihonbashi Neighborhood Creation: redevelopment and the creation of new vibrancy will both revitalize the district and bring out new attractive qualities in this unique quarter. "Preserving and Revitalizing the Heritage While Creating the Future" In the 2nd Stage of Nihonbashi Revitalization Plan which started in 2014, neighborhood renaissance that fuses tangible and intangible aspects was promoted under the four key concepts: creating business clusters, neighborhood renaissance, in harmony with the community, and reviving the aquapolis. The diversi cation of urban functionality, enterprises and people in the district, and its development as a vital and welcoming international stage continue to progress.

Industry Creation Neighborhood Creation

Nihonbashi Life Science Bldg. 2 LINK-J Event Nihonbashi Nakadori CITAN

Transformation of Nihonbashi into a Life Science Business Center Vibrancy Created by the Integration of Facilities and Alleyways. Leveraging Nihonbashi's many historic and distinctive ties with the Leveraging the charming network of alleyways and backstreets alive with pharmaceutical industry, efforts are being made to promote industry creation history and culture gives birth to a townscape that invites wandering and in the eld of life science innovation. discovery.

COREDO Muromachi 1 (left) and COREDO Muromachi 3 (right) Coexistence with the Area Renewal of the Aqua Metropolis

"Nihonbashi Revitalization Plan": Neighborhood Creation

As the origin point for the "Five Highways" that have radiated from the capital since Edo times and a key center for land and water trade, Nihonbashi thrived as a national hub and magnet for people and goods. However, its prosperity faded in the second half of the 1990’s, following the collapse of Japan’s economic bubble and a nancial crisis. The Revitalization Plan was established by the Fukutoku Shrine Nihonbashi Area Energy Center in NIHONBASHI MEGURU FES Cleaning the Nihonbashi Bridge coming together of Nihonbashi residents, businesses and local government with a shared sense of urgency and a desire to “bring Nihonbashi Muromachi Mitsui Tower Recycling-oriented neighborhood renaissance that Waterway Tourism Revitalization prosperity back to Nihonbashi.” respects people and nature. In 2011, Nihonbashi Dock underwent major renovation and improvement, "Nihonbashi Revitalization Plan": Vision This district renaissance respects the communities and cultures inherited from opening the way for river bus transport and sightseeing cruises from the the past while establishing functions and mechanisms that enable visitors, district. Once a former hub of river and bay area trade, Nihonbashi is again a residents and workers to pursue their lives with con dence and peace of mind. vibrant center of activity in the Aqua Metropolis of Tokyo. The Road to the Future Starts in Nihonbashi Nihonbashi in the Edo period served as the starting point for ve major roads, so it was a gathering place for people and goods Three Priority Initiatives to Shape the Future of Nihonbashi from all over Japan. This made it a highly innovative district and through this interaction and exchange it gave rise to new industries and cultures. Mitsui Fudosan wants to reestablish in contemporary times the centrality Nihonbashi once enjoyed and In the 3rd stage, based on an "understand, collaborate, communicate" approach to neighborhood renaissance, Nihonbashi will again be a with the world as its stage. We aim to make the district a place where people from all over the world gather and interact, as well place to which people and goods are drawn; where people meet and engage with each other, and together create new values for the as be a starting point for broadcasting new, forward-looking values globally. future.

"Nihonbashi Revitalization Plan": Development Concept River and Waterside A Focus on Tomorrow’s A Vital and Welcoming Regeneration Innovative Industries International Stage

Looking across Nihonbashi toward Hakozaki Nihonbashi: Life Science Hub Nihonbashi Mitsui Hall Preserving Revitalizing Creating *Image for illustrative purposes. Through the Nihonbashi riverside redevelopment The focus will be on new strategic areas like Leveraging of the high convenience of transportation Buildings District scenery For future generations project, a pedestrian network rich in enjoyment of aerospace, mobility, and food, in addition to life and the strengths of hardware and software, we Traditional shops Water and greenery New district appeal the greenscape, waterscape and skies will be science, to promote industry-creation distinctive to will transform the entire city into an event space. District history and culture Vitality Broadcast Nihonbashi originals created. This area aims to be new symbolic Nihonbashi. We aim to hold events with a global reach that fuse landmark of Tokyo, vibrant with visitors from business and entertainment. around Japan and the world.

*Details of the plan may be subject to change in the future. 09 10 MITSUI MITSUI FUDOSAN’S FUDOSAN’S NEIGHBORHOOD NEIGHBORHOOD CREATION CREATION

Bay Area Neighborhood Creation Kashiwa-no-ha Smart City

Waterfront Nearest to the Heart of Every step is leading to "A New Vision for the Cities of Tomorrow." Tokyo Leverages the Beauty of the Waterscape and Greenery

On the former site of the IHI Shipyards in the Toyosu area, retail From the environment and energy to food and health, the issues we facilities, condominium towers, a university, of ces and parks are face in the future are not few, and Japan is confronting these energizing the advance of the waterfront district as a challenges a step ahead of the world. Based on a unique next-generation city complete with residential, of ce and other public-private-academia partnership, Kashiwa-no-ha Smart City is a urban functions. Every year the residential population and visitor city designed to respond to these problems. We have set three volume to the area are increasing and driving the continued themes of urban development: "Environmental Harmony," "Health growth and vibrancy of the district. and Longevity," and "Creation of New Industries." This city will continue to embody our "New Vision for the Cities of Tomorrow."

Photographed in 2020 Kashiwa-no-ha Smart City * Partially enhanced image.

"Mixed-use Neighborhood Creation" Neighborhood Creation That Leads to Fusing Business, Housing, Recreation, and Academic Functions our "New Vision for the Cities of Tomorrow".

Environmental Harmony Tokatsu Techno Plaza Toyosu While seeking to employ ON Building Park Axis renewable energy, we are also Kombukuro Pond Toyosu working to create energy The University of Natural History Park Tokyo Kashiwa Campus Shibaura locally and promoting "energy Urban Dock Institute of storage" by large-scale Park City Toyosu Technology, storage cells. National Toyosu Campus Cancer Center Japan Urban Dock LaLaport The Toyosu Kashiwa-no-ha TOYOSU Tower T-SITE Toyosu Bayside Cross Toyosu Kashiwa-no-ha Smart Center Kashiwa-no-ha 3-Chome Park Kakedashi Yokocho Toyosu Toyosu Center Park City Kashiwa-no-ha Park Toyosu Building/ Health and Longevity Campus Nibangai Harumibashi Park CityKashiwa-no-ha Campus Park Axis MIFA Station Toyosu Center Kashiwa- Park Building Annex For the creation of a town The Gate Tower West Chiba University no-ha Shin-toyosu Station premised on preventative Shijō-mae Station Kashiwa-no-ha Park Kashiwa-no-ha Campus health care, we aim at Mitsui The University of Tokyo Future Center Edomae Jokamachi Garden Park Axis Park Homes providing voluntary programs KOIL Hotel Toyosu Toyosu designed to promote health Kashiwa- The University LaLaport Canal The Residence and pre-empt disease with LaLaport no-ha of Tokyo Kashiwa-no-ha Kashiwa- BAYZ the eventual objective of Kashiwa II Campus North Building SKYZ no-ha Park City Toyosu Bayside Cross (Opened in autumn 2020) TOWER & TOWER & GARDEN decreasing future health Kashiwa- *Image for illustrative purposes. GARDEN insurance expenditures. no-ha A-Shi-Ta - Campus Large-scale mixed-use development comprising of ces, retail Community Health Promotion Laboratory Kashiwa-no-ha Campus Station Ichibangai facilities, a hotel and an energy center. Creation of New Industries Kashiwa-no-ha offers a community to accelerate the local and international The Path to Building Smart Cities ventures/entrepreneurs that will create a prosperous In 2019, Kashiwa-no-ha was selected as one of 15 model smart city future for the city. projects underway nationwide. With Energy, Mobility, Public Space and Wellness as key themes for further development, the city is utilizing cutting-edge technology and data to tackle the solution of various urban and regional issues. Urban Dock Park City TOYOSU Urban Dock LaLaport TOYOSU Edomae Jyokamachi (Opened in January 2020) KOIL Factory

WANGAN ACTION Autonomous Driving Bus: Commercial trials begin In pursuit of “proposals that enhance the happiness of residents", Commercial trials of an autonomous driving bus service for the approx. 2.6 km zone from Kashiwa-no-ha Campus we focus efforts on innovative ways to create more attractive Station on the Tsukuba Express Line to the University of Tokyo Kashiwa Campus commenced in 2019. This service will communities. While fostering a love for their neighborhood and an address various social issues including road safety in Japan's rapidly aging society, the reduced convenience of public enduring desire to live in this town, we endeavor to create transportation due to a shortage of drivers, and negative economic impact of degradation of logistics. Based on the attractive value. results, plans for future trials will proceed using new improved vehicles. "Taiyo-no-Marché" (The Sun Marché） "MIFA Football Park" Autonomous driving bus test vehicle

*Details of the plan may be subject to change in the future. 13 14 MITSUI FUDOSAN’S NEIGHBORHOOD CREATION

Global Initiatives

Exploiting know-how and business resources,

we are building a global portfolio of stability and a rich growth outlook. London EUROPE NORTH AMERICA Seattle From our mixed-use building development business in major cities of Europe and North America to our hotel and Denver Boston residential property business in countries around the world, Mitsui Fudosan has been active on a global scale since 1972. San Francisco New York Los Angeles Today, as we continue to enhance our portfolio of superior properties in the U.S. and Europe, ASIA Shanghai Washington, D.C. we are also moving forward on development projects in the high-growth region of Asia. Taiwan Honolulu Bangkok Manila Bangalore Kuala Lumpur EUROPE Singapore 1 2 Jakarta

White City Place

Overseas Business Development Areas NORTH AMERICA 9 10 11

Television Centre

1 Television Centre Redevelopment Project / White City Place Redevelopment Project [Of ce/Residential/Hotel] London, U.K. (Television Centre: Total completion of Phase 1 in 2018; White City Place: Completion of existing building renovation in 2017) 12 2 One Angel Court [Of ce/Retail] London, U.K.(completed in 2017) ASIA 3 4 5

13

6 7 8

9 Halepuna Waikiki 10 50 Hudson Yards Project (tentative name) [Hotel] Honolulu, USA [Of ce/Retail] New York, USA 14 3 Mitsui Outlet Park Linkou 4 Ideo Q Victory (opened in 2019) (scheduled for completion in 2022) [Retail Facility] New Taipei City, Taiwan [Residential] Bangkok, Thailand (completed in 2020) (Phase 1 Opened in 2016; Phase 2 scheduled to open in 2024) 11 55 Hudson Yards 12 Halekulani 6 RMZ Ecoworld 30 [Of ce/Retail] New York, USA [Hotel] Honolulu, USA 5 Mitsui Shopping Park LaLaport Kuala Lumpur (tentative name) [Retail Facility] Bangalore, India (scheduled completion of Phase 1 in 2022; (completed in 2018) (opened in 1984, renovated in 2012) [Retail Facility] Kuala Lumpur, Malaysia (scheduled for opening in 2021) scheduled completion of Phase 2 in 2023) 13 1251 Avenue of the Americas 14 Innovation Square Phase II (tentative name) 7 Mitsui Shopping Park LaLaport Shanghai Jinqiao 8 MGH Mitsui Garden Hotel Taipei Zhongxiao [Of ce/Retail] New York, USA [Rental Laboratory & Of ce] Boston, USA [Retail Facility] Shanghai City, China (scheduled for opening in 2021) [Hotel] Taipei City, Taiwan (opened in 2020) (acquired in 1986) (scheduled for completion in 2021)

*The above includes partially rendered images for illustrative purposes only. 15 16 Our Businesses

New projects in areas near Tokyo Station and Nagoya Station.

Office Buildings Yaesu 2-Chome North District Category-I Urban Redevelopment Project will strengthen the Tokyo Station area’s transportation hub functions, introduce urban functions that will heighten global competitiveness, reinforce disaster response capabilities and contribute signi cantly to Our pursuit of “sustainability and safety,” “amenities and ef ciency” and “expansion and innovation” reducing environmental load. These measures will create a town where people play a leading role, be tting Yaesu’s position as the front door to Japan. Nagoya Mitsui Building North Building (tentative name) will be located in the heart of Meieki, Nagoya's largest business district. This aims to provide hundreds of thousands of people, working for thousands of organizations in large-scale mixed-use development will have a total oor area of 29,000m2. Offering of ce workers exclusive access to the rooftop "Refresh Of ces by Mitsui Fudosan, with venues where they can enjoy a variety of ways to Garden" and other amenities, this development will contribute to workstyle innovation efforts by tenant companies. spend time on and off the job, and will pave the way for more rewarding lifestyles. 1 2 1 Yaesu 2-Chome North District Category-I Urban Redevelopment Project The large-scale, mixed-use building will have state-of-the-art of ces, an underground bus terminal, and retail space. It will also be the site of Japan's rst Bvlgari Hotel, which is scheduled to open at the end of 2022 and will occupy the seven oors (39F~45F) of the ultra-high-rise tower. (Scheduled completion of the entire building in FY 2022).

2 Nagoya Mitsui Building North Building (tentative name) Directly linked to Nagoya Station and the underground mall area and on a sought-after location, this large-scale mixed use building is envisaged to have commercial facilities on B1F~3F and state-of-the-art of ces on 5F~19F. (Scheduled completion at the end of January 2021).

* Image for illustrative purposes only * Image for illustrative purposes only

COLORFUL WORK PROJECT - Offices with the freedom and flexibility to choose your workstyle.

Nihonbashi Muromachi Mitsui Tower Mitsui Main Building (Mitsui Honkan) (Registered as Important Cultural Property) Chuo-ku, Tokyo (completed in March 2019) Chuo-ku, Tokyo (completed in March 1929) COLORFUL WORK PROJECT promotes Mitsui Fudosan's proposal for a new business life where everyone can work freely and exibly, and each can make the most of their individuality - their "color". For enterprises, there is WORK STYLING service and access to multi-site shared Nihonbashi Mitsui Tower of ces. For tenant businesses, there are the advantages of "mot." membership facilities and services, and web services such as "&Life-Biz" and Chuo-ku, Tokyo(completed in July 2005) Good Design Award 2006 Recipient "&well". This diversity of services and facilities is fostering a diversity of workstyles Landmarks that bring new value to urban space. WORK STYLING: mot. (Mitsui Office for Tomorrow) As the center of corporate activities that connect people and the community, of ce buildings play various important roles. We continue to Our New Service to Expand Workstyle Freedom for Corporate Clients Membership-based Services and Facilities for Office Tenant Companies create new-generation landmarks that bring new value to the city. Since debuting in 2017, WORK STYLING Inspired by the concept of providing a place service has been offering a nationwide network where workers can have the "more" they seek of multi-site shared of ces. Responding to the while enjoying a pleasant business life, the 1 TOKYO MIDTOWN 1 2 3 new and evolving workstyles of today's various membership-based facilities and Minato-ku, Tokyo (completed in January 2007) corporations and business persons, WORK services of “mot. Mitsui Of ce for Tomorrow” Good Design Award 2007 STYLING provides a wide range of services. were launched in December 2018. ULI Global Award for Excellence 2008

2 Hibiya Mitsui Tower, TOKYO MIDTOWN HIBIYA Chiyoda-ku, Tokyo (completed in February 2018) 2018 Japan Association for Real Estate Sciences (JARES)& Achievement Award Minister of Land, Infrastructure, Transport and Tourism Award

3 Otemachi One Chiyoda-ku, Tokyo (completed in February 2020) Membership-based tness gym Rental conference rooms

4 Kasumigaseki Building Chiyoda-ku, Tokyo (completed in April 1968) WORK STYLING Yaesu WORK STYLING TOKYO MIDTOWN 5 Nakanoshima Mitsui Building Osaka City, Osaka (completed in August 2002) WORK STYLING SHARE WORK STYLING FLEX WORK STYLING SHARE shared WORK STYLING FLEX serviced Sapporo Mitsui JP Building of ces are available to corporate of ces exibly respond to period, 4 5 6 6 Chuo-ku, Sapporo City (completed in August 2014) clients at 71 locations nationwide. staff size (number of desks) and other Free lounge Members' lounge * Number of locations as of January, 2021. requirements of corporate clients.

"&well" "&Life-Biz" Health Management Support Service Community Website for Office Tenant Companies

Through health programs for both mind and body "&Life-Biz" provides a variety of information and other activities to enhance wellness in the and "venues" via the web and through a free daily routine, "&well" supports the healthy newsletter with the aim of helping tenant business life of employees and enterprise health companies achieve greater ful llment in "Life" management and promotion. (private) and in "Biz" (work).

17 18 Our Businesses

Mitsui Shopping Park LaLaport Retail Properties More and more convenient and lively.

With “Growing Together” as our core concept, we are introducing a new form of retail properties Fashion, F&B and entertainment are all found under one roof in these regional shopping centers. New developments are underway all around in Japan.There will be a lot more than shopping to offer, and our malls are designed to be a core of the local communities. that are rooted in the local communities and will grow together with our customers. We are developing and operating a wide variety of retail properties speci cally designed for regions and communities all over Japan.

LaLaport AICHI TOGO LaLaport NUMAZU Togo Town, Aichi District, Aichi (opened in September 2020) Numazu City, Shizuoka (opend in October 2019)

Urban Dock LaLaport TOYOSU

Opened in 1981, LaLaport Funabashi Shopping Center In addition to the 13 facilities in Japan, our MITSUI (currently LaLaport TOKYO-BAY) was the rst of 16 OUTLET PARK business is expanding worldwide with LaLaport shopping centers located nationwide. Today locations at Kuala Lumpur International Airport in LaLaport TOKYO-BAY LaLaport EXPOCITY LaLaport is a agship brand of Mitsui Fudosan’s Retail Malaysia and in Linkou and Taichung in Taiwan with Funabashi City, Chiba (opened in April 1981) Suita City, Osaka (opened in November 2015) Facilities business and enjoys the trust and patronage more scheduled to open in the future. of customers throughout Japan.

Including multiple locations in the Ginza and Mitsui Shopping Park &mall is a fashion e-commerce Nihonbashi areas, there are 22 facilities in central mall based on a new concept which enables our Tokyo. Offering a lineup of attractive retail tenants customers to enjoy our existing malls and online bursting with originality, Mitsui Shopping Park Urban shopping seamlessly. brings vibrancy to urban life.

LAZONA kawasaki plaza DiverCity Tokyo Plaza Kawasaki City, Kanagawa (opened in September 2006) Koto-ku, Tokyo (opened in April 2012) Good Design Award 2007 *As of January, 2021 19 20 MITSUI OUTLET PARK Mitsui Shopping Park &mall Where just visiting is fun. Official Mitsui Shopping Park E-commerce Mall Site.

These facilities allow you to enjoy resonably priced shopping for brand-name items in the midst of bright and open-air streetscapes.Through Keeping pace with the rapid changes in consumer shopping trends, Mitsui Fudosan Group has events and other occasions at 13 facilities that draw on the local culture, we create lively spaces where people assemble. established a fashion e-commerce mall based on a new concept that enables enjoyment of the best parts of real store and online shopping at the same time. In the future, through the synergistic effects of our omni-channel platform that integrates real stores with the advantages of an E-commerce mall, we aim to create new shopping value together with customers and tenants.

Product Local Available Stockout

Check Network Inventory Direct Shipping Home Warehouse

Mitsui Shopping Park &mall improves sales at stores by enabling sales of not only warehouse inventory, but also stock in real stores. Also store staff can use the e-commerce mall website to sell warehouse inventory when an item is out of stock at the store and avoid lost sales or to provide timely information about strong-selling items or fashion coordination proposals, empowering real stores with MITSUI OUTLET PARK YOKOHAMA BAYSIDE MITSUI OUTLET PARK JAZZ DREAM NAGASHIMA the synergistic effects of omni-channeling. Yokohama City, Kanagawa (opened in June 2020) Kuwana City, Mie (opened in March 2002)

&mall DESK – the new service connecting our online presence (&mall) and our offline retail facilities

&mall DESK adds a new dimension of convenience to the &mall platform. Customers can drop by the ＆mall DESK and pick up products purchased at the &mall website, try on purchased apparel in the attached tting room, and, if the size does not t, exchange or return the item at the counter. Unlike conventional e-commerce sites, &mall aims to be the online shopping choice of customers by providing the opportunity to try on the actual item. *Service available at 19 facilities including all LaLaport shopping centers, LAZONA kawasaki plaza and MITSUI OUTLET PARK KISARAZU MITSUI OUTLET PARK HOKURIKU OYABE MITSUI OUTLET PARK SAPPORO KITAHIROSHIMA DiverCity Tokyo (as of January, 2021). Kisarazu City, Chiba (opened in April 2012) Oyabe City, Toyama (opened in July 2015) Kitahiroshima City, Hokkaido (opened in April 2010)

Mitsui Shopping Park Urban LaLa terrace, LaLa garden Bringing elegant relaxation to the city. Liveliness, convenience and elegance to the town.

Shopping parks that bring liveliness to the town, enhance convenience of everyday life and offer an elegant lifestyle. We seek to create From one-of-a-kind stores to shops featuring popular brands presented in new business formats, attractive tenants in line with the facilities that constantly deliver a new environment while offering various types of shops and services that respond to people's needs. distinctive concept of each facility promise to add warmth and liveliness to your urban life.

COREDO Muromachi Terrace RAYARD MIYASHITA PARK RAYARD Hisaya-odori Park LaLa terrace MUSASHIKOSUGI LaLa garden KAWAGUCHI Chuo-ku, Tokyo (opened in September 2019) Shibuya-ku, Tokyo (opened in July 2020) Nagoya City, Aichi (opened in September 2020) Kawasaki City, Kanagawa (opened in April 2014) Kawaguchi City, Saitama (opened in November 2008)

21 22 Our Businesses

Hotels and Resorts High-class lodging-focused hotels.

Nationwide, Mitsui Garden Hotels and THE CELESTINE HOTELS offer guests a memorable stay with the authentic hospitality and Mitsui Fudosan Group is creating hotels and resorts which guests will choose those as space to relax as if they are in a second home. In 2020, we launch a new hotel brand "sequence" with innovative value in their "Destinations". Through designs and an atmosphere that resonates with the culture and accommodations and hospitality inspired by the concept of "SMART", "OPEN", and "CULTURE". history of the locale, and by engaging and responding to the needs of every visitor with heartfelt hospitality, we provide visitors with a relaxing time and space be tting our "destinations".

Mitsui Garden Hotel Jingugaien Tokyo Premier HOTEL THE CELESTINE KYOTO GION sequence MIYASHITA PARK Shinjuku-ku, Tokyo Kyoto City, Kyoto Shibuya Ward, Tokyo (opened in November 2019, 362 rooms) (opened in September 2017, 157 rooms) (opened in August 2020, 240 rooms) Luxury hotels that heighten the appeal of destination cities.

We offer sophisticated space and hospitality unique to luxury hotels. As our Group's newest, ultra-luxury agship hotel, HOTEL THE MITSUI KYOTO takes great pride in welcoming guests from all around the world to Kyoto, the heart of Japanese culture and beauty.

Halekulani Okinawa

High-class Lodging-focused Hotels Luxury Hotels That Enhance HOTEL THE MITSUI KYOTO Halekulani Okinawa AMANEMU Kyoto City, Kyoto Onna Village, Kunigami District, Okinawa Shima City, Mie These are Mitsui Fudosan Group hotel brands where visitors the Charms of the Destination (scheduled for opening in 2020, 161 rooms) (opened in July 2019, 360 rooms) (opened in March 2016, 28 rooms) can enjoy a comfortable stay while exploring the charms of In addition to our High-class Lodging-focused Hotels, we also the destination. work together to develop businesses with luxury hotel brands all around the world. Resorts where visitors can fully enjoy nature with the uniquness of regions.

In the comfort of space inspired by the natural beauty, culture and traditions of the locale, guests can experience a diversity of delicious cuisine, heartwarming service and a wide selection of fun activities. Our aim is to offer resort hotels where guests enjoy themselves to their heart's content.

Resort Hotels Where Nature and Golf Courses That Immerse the Visitor Local Color Can Be Enjoyed to the Fullest in Natural Beauty

Mitsui Fudosan Group is developing high-class From casual resort courses to formal membership-only residential-style resort hotels that offer enjoyment of cuisine courses, our golf courses answer diverse guest needs with made from local ingredients, heartwarming hospitality, and a full enjoyment of the game amid natural beauty. wide selection of activities.

Toba Hotel International NEMU RESORT HAIMURUBUSHI Toba City, Mie Shima City, Mie Taketomi Town, Yaeyama-gun, Okinawa (opened in March 1964, 130 rooms) (opened in November 1967, 60 rooms) (opened in July 1979, 148 rooms)

23 24 Our Businesses

Homes and Living Creating homes and value for generations to come.

1 2 1 [Mid-rise & High-rise Residences] The Tower Yokohama Kitanaka "Best Partner for Homes and Living" 2 [Detached Housing] Fully exploiting the vast and integrated strengths of Mitsui Fudosan Group, each of us fully recognizes and takes pride in Fine Court Inagekaigan Mihama-no-Mori our commitment to providing our customers with "high quality housing and comfortable living" with high-added value. 3 [Rental Housing] In the future, we will continue to be the trusted and best partner for homes and living by providing a diversity of housing Park Axis Premier Minami Aoyama choices and a service lineup of breadth and depth to more fully satisfy our customers' needs. 4 [Senior Residences] Park WellState Hamadayama

3 4

Every year should enrich the value of your home. From this concept, we make your wish for ideal living a reality.

Order-built Residences

Our order-built homes are constructed using our original "Premium Monocoque wood frame construction method. Responding to each home-related desire of our customers with a real solution, we collaborate with our customers in the creation of their ideal home.

Large-scale Facility (wood) Construction

Mitsui Home also has abundant experience beyond specialty housing, for example, medical and welfare, cultural and commercial facilities. [Order-built Residences] Park City Hamadayama Leveraging the value of homes and neighborhoods and solving real estate issues.

“Appreciation with Age” is the heart of our Order-built housing, leasing/rental, land Mitsui Rehouse Mitsui Repark mission. We believe that with every passing year, utilization, clinic/facility construction, and the love for your home should deepen, and both renovation – whatever our customers require, our Mitsui's Rehouse system answers the real estate sale and Mitsui Repark offer a wide range of service options to leasing-related needs of individual customers with safe, utilize assets as automobile and bicycle parking lots in the value and joy of living in your neighborhood expert staff respond with design and comfort secure and trusted real estate transactional services. order to meet the various needs of property owners. should grow. With this goal in mind, we respond New New Order- which exceed expectations. to a broad diversity of customer needs with a Condominiums Built Housing complete lineup of services from land acquisition, Real Plan Dept. Careco Car sharing club planning and development to quality control, sales For HNWI customers considering the sale, lease, From shopping and other everyday needs to weekend and contracts, and provide Homes and Living and utilization of Tokyo metropolitan real estate leisure trips, this “user-friendly car sharing” service which are a step ahead of the times. property, RealPlan answers with personalized provides members with enjoyment of a life with the From sale and purchase to rental and leasing of expert consulting services. convenience of a car without the burden of ownership. Residential real estate property, we provide a variety of Brokerage Management agency and brokerage services for residential and other properties. Leveraging the resources of our car park business, we added the car-sharing The scope of work undertaken by condominium business which has been the focus of attention in Leveraging design expertise to provide management associations is broad and often recent years. Providing high-quality service to requires highly specialized know-how. As a one-stop solution for all space-related services. users de nes our business. For 34 consecutive condominium management experts, we support Rental Space Design years from 1986 to 2019, we have been the No. 1 these associations by providing condominium Housing & Reform real estate brokerage agency in total number of management services to maintain and protect the transactions in Japan. precious assets of our customers.

From product planning of condominium properties for rental and lease to Innovative design and construction solutions for business facilities from of ces to hotels, consulting and operational management of the properties, our service is as well as the renovation of condominiums, detached residences, and hospitals... plus comprehensive. Since our establishment in 1986, our experience backed by a diverse residential-related interior services... all together comprise the core capabilities of proud record of achievements has been providing owners with total support for our business.We concentrate on contributing to society and people’s lives by providing utilization of their real estate while creating comfortable residential space for the advanced solutions incorporating pioneering "spatial design" methodologies to meet the people who make their home in the property. diversi ed and borderless needs of group and individual living and working styles. [Interior Coordinator Salon ] LIVE LABO [Home renovation example]

25 26 Our Businesses

Solution Partner Logistics Properties

In response to diversifying challenges and demands of our clients, the Solution Partner Division Tomoni, Tsunagu. provides optimal solutions leveraging the integrated strengths and expertise of Tomoni, Umidasu. (Connecting with cutomers. Creating new values.) Mitsui Fudosan Group accumulated over the years, always endeavoring to be your best partner. "Connecting with customers. Creating new values." In response to the growing demand for logistics facilities, Mitsui Fudosan has continued to develop and provide advanced logistics properties. Working as a true partner to solve the challenges of each customer, we connect various people, Customer Issues goods and things to deliver optimized solutions. Public sector & educational institutions Corporate business entities Individuals

Private-Public-Academia Virtual Campus Disruption Highly skilled professionals Old/underused Real Estate SDGs Collaboration Alliance-building Corporate pension fund Business succession Branding Changing Rules Resilience Dual habitation Innovation strategy challenges Global business strategy Technology Workstyle reform New lifestyles Asset management Inheritance measures

Consult the Solution Partner Division Leveraging Mitsui Fudosan Group’s expertise to provide clients with the best solution.

PRE (Public Real Estate) Solution Services "Let's" Private Consulting Solutions Department Department Department

Mitsui Fudosan Logistics Park Funabashi II (MFLP Funabashi II) Mitsui Fudosan Industrial Park Haneda (MFIP Haneda) Funabashi City, Chiba (completed in October 2019) Ota-ku, Tokyo (completed in June 2019) " ": our asset management advisory service for individual customers.

With a focus on individual real estate owners, "Let's" provides consultation services to help optimize the management of real estate assets, for instance, inheritance-related measures. Based on Mitsui Fudosan Group's broad stock of real estate-related data including market track records to life cycle costs, we perform thorough analysis using the latest state-of-the-art technology and provide an optimum solution to precisely meet the requirements of our costomers. Let’s Plaza website https://lets.mitsuifudosan.co.jp/ *Available only in Japanese.

A case study of a land owner receiving condominium rights of a newly built building, swapping the ownership of the land with the developer, who, in return, receives equivalent condominium rights for bearing the construction cost. Mitsui Fudosan group bears the construction cost of a new building on the customer's parcel of land. The customer will receive condominium units equivalent to the appraised value of the land and Mitsui Fudosan group will receive units equal to the value of the construction cost, resulting in the land owner receiving the newly built condominium units using no cash.

Customer Challenge: The Role of " " Solution Mitsui Fudosan Logistics Park Ibaraki (MFLP Ibaraki) Mitsui Fudosan Logistics Park Hino (MFLP Hino) To divide co-ownership of Ibaraki City, Osaka (completed in September 2017) Hino City, Tokyo (completed in October 2015) ■Support to form an Continued ■Change from Inherited Real Estate Assets. Residency ■Termination of the co-ownership status of an agreement co-ownership status to asset. ■Tax consulting Sales of more marketable, more ■Construction plan advice condominium liquid assets ■Simultaneous satisfaction of the different needs of units “Neighborhood Creation”- MFLP ICT LABO 2.0 - co-owners (ex. continued residency by rebuilding and ■Condominium property ■Reconstruction with no type Development Project Interactive Logistics ICT Showroom sales of a condominium unit) management nancing burden Condominium ■Simultaneous satisfaction units for MFIP Haneda and MFLP Funabashi are examples of how MFLP ICT LABO 2.0 is an interactive logistics ICT general sale of the different needs our "neighborhood creation"-type development projects showroom displaying a full-automation logistics model. It contribute to the vitalization and betterment of the overall opened in February 2020 at MFLP Funabashi & GATE Newly constructed Co-ownership of land/building condominiums locale. MFIP Haneda is the core facility in the Haneda where it occupies the entire oor area of this annex. The Industrial Park, project undertaken in collaboration with showroom has approximately 30 types of cutting-edge ANA HOLDINGS INC. with the aim of revitalizing industry in logistics ICT devices from Japan and abroad, and for the the Haneda area. In the case of MFLP Funabashi, the site logistics industry, which is facing labor shortages and New Business Domains, New Solutions. includes an expansive green space of approx. 20,000m2 other serious challenges, this showroom will demonstrate open to enjoyment by area residents as well as a cafeteria, automation and labor-saving solutions for warehouse Project Planning Department Industry-Academia Collaboration Department childcare center and other amenities in the Gate Building. logistics. Embarking into a New Growth Sector Mitsui Fudosan-University of Tokyo Laboratory -Airport Concession Business Contributing to Solutions to tackle Social Challenges Mitsui Fudosan Group's entry into a new and Mitsui Fudosan-University of Tokyo growing sector of business is exempli ed by Laboratory was established to promote our participation in the airport concession comprehensive and collaborative research business (Kumamoto Airport and 7 airports with The University of Tokyo. We are in Hokkaido). In Kumamoto Airport, Mitsui rebuilding our vision for cities, creating Fudosan being the largest shareholder, the innovation through adoption and integration planned reconstruction of the terminal is of technology by society, and fostering moving forward as the rst reconstruction human resources to realize "communities project among the privatized airports. Our New terminal building of Kumamoto Airport that increase in value over time and mature (scheduled completion in 2023) Mitsui Fudosan Logistics Park (MFLP) Funabashi MFLP ICT LABO 2.0 - Interactive Logistics ICT Showroom Group's "neighborhood creation" know-how with age" despite the increasing The University of Tokyo *Image for illustrative purposes only will contribute to vitalization of not only the uncertainties facing society. airport itself, but also the surrounding area.

27 28 Our Businesses

Innovation Initiatives Life Science Innovation Promotion Business

Mitsui Fudoson is supporting the accelerated growth of venture companies through our Constructing an eco-system to create new industries through “Venture Co-creation” initiative described below. In addition, we are also driving Group-wide innovation in the life science realm. in-house business innovation through programs like “MAG!C” (intrapreneurial program) and Mitsui Fudosan is fostering innovation by “building a community” in collaboration with special training schools to foster human resources. Life Science Innovation Network Japan, Inc., “creating a place" for the construction of an eco-system which will create and foster new industries through innovation in the life science realm, Venture Co-creation and “providing funding” for limited partner (LP) investment in life science-related venture business. In May 2019, we launched the Mitsui Lab & Of ce business which rents a combination of full-scale wet labs and of ces, Creation of an open innovation ecosystem driven by a JPY 35 billion investment project and business development support. further expanding our support of innovation in the life sciences.

Overview of Venture Co-creation Department

Venture Co-creation Department

Startups Operation Major Corporation New Open Community Accompanying Consultants Innovation Platform Q School *Image for illustrative purposes only Finance Mitsui Link Lab Shikiba (tentative name) Participation Q Lounge Community Support Partner Events Space & Environment Institute Connecting venture businesses and major corporations to create new industries in Japan. New value creation begins here. The Space & Environment Institute was founded in 1991 as an in-house think tank for "31VENTURES" – Mitsui Fudosan's venture co-creation project Launched in Tokyo Midtown Hibiya in May 2018, BASE Q is an Mitsui Fudosan. Through surveys and research based on freely developed concepts, was launched in April 2015. In addition to providing startups with open innovation-driven business creation hub where people gather a comfortable of ce environment, we will provide fully integrated to generate new value and solve social issues. By revitalizing the we disseminate information both inside and outside the company and provide solutions venture capital service based on our broad experience, business creation hub and through the Innovation Building Program, with the goal of supporting new value creation for the Mitsui Fudosan Group. know-how and networks. this platform will contribute to innovation by major Japanese rms and to the rejuvenation of the Japanese economy. Business Innovation

Sparking Mitsui Fudosan’s enterprising spirit and DNA of innovation, we are pursuing initiatives such as MAG!C (intrapreneurial program) and Tanrenjuku ("design thinking" driven business development training). Leveraging technologies, we are creating new business and promoting innovation in existing business. M A G！C Tanrenjuku (Training School) DX (Digital Transformation) Initiatives CARE DESIGN Department

This intrapreneurial program A practical human resource development In VISION 2025, Mitsui Fudosan Group's provides nancing, personnel program that conducts service planning, long-term vision, the effort to “Innovate and incentive support to from design thinking to PoC* that utilizes business models by harnessing real estate Planning Ahead for an Aging Society: CARE DESIGN. promote the Company’s technology, conducted by teams comprised tech” has been positioned as a priority policy, enterprising spirit and new of a mix of human resources from various and digital transformation (DX) is being The graying of society has generated new and diverse needs for society as a whole. business creation by ex- business divisions and technology partner promoted throughout the Group. (Typical tracting ideas of individual companies. examples leveraging digital technology include Care Design not only conducts surveys and research on these needs in the elds of health care, GREENCOLLAR Co., Ltd., a product of * PoC (Proof of Concept): tests or demonstrations to verify employees in all Group MAG!C business proposal system, "&mall", "Workstyling", and "Kashiwa-no-ha medical care and nursing but also provides solutions with respect to the creation of homes, new concepts or ideas companies. plans to engage in the production Smart City".) We are also actively promoting services and neighborhoods by utilizing related cutting-edge know-how and sales of fresh grapes in internal business reforms and workstyle Japan and New Zealand. innovation by using digital technology. and collaborating closely with Mitsui Fudosan Group companies.

Care manual WARP STUDIO, a New Center for Incubating Innovation.

■WARP STUDIO opened in Yaesu as a new type of of ce space where we can collaborate with partners from outside the company and advance new business and new services. Here is project space where desks are lined up alongside outside human resources, and access to advice from af liated outside experts. ■Currently multiple and diverse project teams are active from projects inspired by the intrapreneurial program "MAG!C" and Group company projects to DX projects involving a mix of partner venture companies.

WARP STUDIO opened in the Gran Tokyo South Tower in Yaesu. Consulting Spreading Information Seminars and Training Medical Mall

29 30 Corporate Data Organization Chart

339,897 million yen (as of July 22, 2020) Trade Name Mitsui Fudosan Co., Ltd. Capital Division

Head Of ce 1-1, Nihonbashi-Muromachi Annual Sales (Consolidated) 1,905,642 million yen (FY 2019 performance) Head Of ce Shareholders’ Meeting 2-chome, Chuo-ku, Tokyo Number of Shareholders 34,297 (as of March 31, 2020) Department (also Of ce, Branch Of ce, and Institute) Department Date of Establishment July 15, 1941 Number of Employees 1,678 (as of March 31, 2020) Compensation Advisory Committee Website https://www.mitsuifudosan.co.jp/english/ Board of Board of Directors Corporate Auditors Nomination Advisory Committee

Corporate Auditors President and Executive Management Chief Executive Committee Executive Officers Of cer Corporate Auditor’s Department Members of Board, Corporate Officers Auditors President and Chief Executive Of cer Executive Managing Of cers Managing Of cers Architectural and Real Estate CARE Space & Planning and Corporate Accounting Corporate Executive General Department Construction Investment DX Division Personnel Chairman of the Board Masanobu Komoda Akihiko Funaoka Hiroki Saito Takashi Furuta DESIGN Environment Research Planning and Finance Communications Secretarial Administration (also Of ce, Services Research Department Department Institute Department Department Department Department Department Department Branch Of ce, Hiromichi Iwasa Executive Vice President Takashi Ueda Shingo Suzuki Yugo Ono Department Institute and Institute) DX DX President and Chief Executive Of cer Yoshikazu Kitahara Takayuki Miki Ikuo Mori Tatekazu Nakamura Olympic and Department Department IFRS Human Resources ESG Paralympic (Ⅱ) (Ⅰ) Preparation Development Promotion Masanobu Komoda Kiyotaka Fujibayashi Wataru Hamamoto Yutaka Kawamura Chiharu Fujioka Department Department Department Department Appraisal Managing Director and Executive Vice President Yasuo Onozawa Yoshihiro Hirokawa Makoto Tokuda Atsumi Kanaya Department Investor Relations Workstyle Innovation Yoshikazu Kitahara Department Senior Executive Managing Of cers Satoshi Hironaka Motoyasu Kato Yutaka Saito Department Managing Directors Shoichiro Kawamoto Retsu Togashi Nobuhiko Mochimaru Kiyotaka Fujibayashi Takashi Yamamoto Kazunori Yamashita Mizuho Wakabayashi Yasuo Onozawa Solution Partner Division Homes and Lifestyle Promotion Division Of ce Building Division Strategy Planning Strategy Planning Takashi Yamamoto Solution Planning and Administration and Administration Department Takashi Ueda Department Department Wataru Hamamoto Environment and Operation and Work Styling Tenant Relations and Leasing and Of ce Building Of ce Building Managing Directors (Outside Directors) Project Planning Solution Services Private Consulting Industry-Academia Energy Service Management Project Business Development Marketing Development Project Planning Group Officers Department Department Department Collaboration Department Department Department Management Department (I) Department (I) Department (I) Department Masako Egawa Department Leasing and Of ce Building Marketing Public Sector Advanced Technology Fields Strategy Planning Group Senior Of cers Marketing Development Planning Masafumi Nogimori Department Collaboration Department Department Department Department (Ⅱ) Department Toru Inoue [Mitsui Fudosan Reform Co., Ltd.] Planning and Tsunehiro Nakayama Tenant Relations and Of ce Building Marketing [Mitsui Fudosan Residential Co., Ltd.] Business Development Development Hideki Moriya Retail Properties Division Department Shinichiro Ito Department Department (Ⅲ) Tenant Relations and Senior Corporate Auditors Group Of cers Strategy Planning Leasing and and Administration Business Development Marketing Masatoshi Sato Shuji Tomikawa [Mitsui Fudosan Investment Advisors, Inc. ] Yasushi Endo [Mitsui Fudosan Realty Co., Ltd.] Department Department (II) Department (II) Tenant Relations and Leasing and Yosuke Seko [Mitsui Fudosan Residential Service Co., Ltd.] Toru Kamura [Mitsui Fudosan Residential Co., Ltd.] Business Development Hiroyuki Ishigami Marketing Department Retail Properties Property Retail Properties Regional Urban Department [Mitsui Home Co., Ltd.] [Mitsui Fudosan Residential Co., Ltd.] Outlet Corporate Auditors (Outside Auditors) Akira Ikeda Hisashi Osawa Operation Management Leasing and Development Development Department Kasumigaseki Tenant Department Department Marketing Department Department Relations and Business Yoshitaka Kato Osamu Obayashi [Mitsui Fudosan Retail Management Co., Ltd.] Mitsuhiro Kodama [Mitsui Fudosan Residential Co., Ltd.] Department (I) Development Department &mall Project Yasushi Manago Takao Yamada [Mitsui Fudosan Residential Co., Ltd.] Planning Retail Properties ShinjukuTenant Department Leasing and Relations and Business Yukimi Ozeki Marketing Development Department Department (II)

Retail Properties Leasing and Marketing Department t (III) Domestic Network Hotels and Resorts Division Strategy Planning and Administration Department Head Of ce Yokohama Branch Kyoto Branch Logistics Properties Business Division International Division 1-1, Nihonbashi-Muromachi 2-chome, Yokohama Mitsui Building Kyoto Mitsui Building Strategy Planning Strategy Planning Chuo-ku, Tokyo 103-0022 1-2, Takashima 1-chome, Nishi-ku, 8 Naginataboko-cho, and Administration and Administration Hotel and Resort Hotel and Resort Hotel and Resort Hotel and Resort Tel: 81(3)3246-3131 Yokohama City, Kanagawa 220-0011 Shijodori-Karasuma Higashiiru, Shimogyo-ku, Department Department Management Management Development Development Department (Ⅱ) Department (Ⅰ) Departmen (Ⅱ) Department (Ⅰ) Tel: 81(45)680- 5711 Kyoto City, Kyoto 600-8008 Hotel and Resort Hotel and Resort Hokkaido Branch Tel: 81(75)255-4733 Logistics Properties Logistics Properties Logistics Properties International International Marketing Marketing Leasing and Marketing Development Project Planning Department (II) Department (I) Department Department Sapporo Mitsui JP Building Chubu Branch Department Department Department 4-1, Nishi, Kitanijo, Chuo-ku, Nagoya Mitsui Main Building Chugoku Branch Sapporo City, Hokkaido 060-0002 24-30, Meieki Minami 1-chome, Nakamachi Mitsui Building Tel: 81(11)231-2481 Nakamura-ku, Nagoya City, Aichi 450-0003 9-12, Nakamachi, Naka-ku, Kashiwanoha Toyosu-Project Nihonbashi Hibiya Urban Business Development Tokyo Midtown Venture Life Science Af liated Gotanda Project Urban Planning Development Urban Planning Planning and Innovation Tel: 81(52)586-1767 Hiroshima City, Hiroshima 730-0037 Planning Development Co-creation Innovation Business Department and Development Planning and Development Development Planning Department Department Department Department Department Tohoku Branch Tel: 81(82)240-1111 Department Department Department Department Department Sendai Hon-cho Mitsui Building Kansai Head Of ce Kannai-Project Development Tokyo Midtown Hibiya 4-6, Hon-cho 2-chome, Aoba-ku, Midosuji Mitsui Building Kyushu Branch Planning Department Development Department Sendai City, Miyagi 980-0014 1-3, Bingo-machi 4-chome, Hakata Mitsui Building Tel: 81(22)711-1131 Chuo-ku, Osaka City, Osaka 541-0051 10-1, Kami Gofuku-machi, Hakata-ku,

Tel: 81(6)6205-6701 Fukuoka City, Fukuoka 812-0036 Kyushu Branch Chugoku Branch Kansai Head Of ce Chubu Branch Yokohama Branch Chiba Branch Tohoku Branch Hokkaido Branch Chiba Branch Tel: 81(92)271-3871 Chiba Chuo Twin Building No.1 11-1, Chuo 1-chome,

Chuo-ku, Chiba City, Chiba 260-0013 Development Development Administration Kyoto Branch Department (II) Department (I) Department Tel: 81(43)221-1331 *Information current as of April 1, 2020

31 32 Major Group Companies Financial Highlights

(Consolidated) OFFICE BUILDINGS FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

NBF Of ce Management Co., Ltd. Mitsui Fudosan Facilities Co., Ltd. (Unit: million yen) Nippon Building Fund Management Ltd. Mitsui Fudosan Facilities West Co., Ltd. Revenue from Operations (Total sales) 1,529,036 1,567,969 1,704,416 1,751,114 1,861,195 1,905,642 Mitsui Fudosan Building Management Co., Ltd. Leasing 464,842 509,178 536,518 558,165 603,284 636,056

Property Sales 425,442 391,577 488,710 499,607 530,766 524,094 RETAIL PROPERTIES Management 317,818 334,652 347,672 353,813 404,346 421,490 Mitsui Fudosan Retail Management Co., Ltd. Mitsui Fudosan Frontier REIT Management Inc.

Mitsui Home (*1) 242,150 247,455 247,195 252,180 - -

HOMES AND LIVING Other 78,782 85,104 84,320 87,346 322,797 324,001

Mitsui Fudosan Accommodations Fund Management Co., Ltd. Mitsui Fudosan Residential Services Co., Ltd. Operating Income 186,074 202,482 232,698 245,902 262,147 280,617 Mitsui Fudosan Realty Co., Ltd. Mitsui Fudosan Residential Service Kansai Co., Ltd. Operating income margin 12.2％ 12.9％ 13.7％ 14.0％ 14.1％ 14.7％ Mitsui Fudosan Reform Co., Ltd. Mitsui Fudosan Residential Lease Co., Ltd. Mitsui Fudosan Residential Co., Ltd. Mitsui Home Co., Ltd. Ordinary Income 163,373 182,521 219,607 240,341 254,106 258,510 Mitsui Designtec Co., Ltd. Pro t Attributable to Owners of Parent 100,185 117,722 131,815 155,874 168,661 183,972

HOTELS AND RESORTS Rate of return on equity 6.4％ 6.2％ 6.7％ 7.4％ 7.4％ 7.7％

Ise-Shima Resort Management Co., Ltd Narita Sports Development Co., Ltd. Total Assets 5,067,187 5,363,477 5,551,751 6,284,723 6,802,731 7,395,359 Kyusin Kaihatsu Inc. Mitsui Fudosan Hotel Management Co., Ltd. Net Assets 1,932,084 1,989,041 2,056,931 2,287,700 2,420,804 2,486,525 Daiasama Golf Co., Ltd. MITSUI-NO-MORI Co., Ltd. (Unit: yen)

Net Income per Share 103.89 119.14 133.40 157.75 171.30 188.35 LOGISTICS PROPERTIES Payout Ratio 24.1％ 25.2％ 25.5％ 25.4％ 25.7％ 23.4％

Mitsui Fudosan Logistics REIT Management Co., Ltd. *1:Previously the Group's segments had been aggregated based on the nature of products and services into the 5 reportable segments of “Leasing”, “Property Sales”, “Management”, “Mitsui Home” (a listed subsidiary), and “Other.” In accordance with the acquisition of Mitsui Home as a wholly-owned subsidiary in order to reinforce Group internal consolidation, segment aggregation for consolidated reporting for the scal year ending March 2020 has been revised to 4 reportable segments: “Leasing”, “Property Sales”, “Management”, and “Other.” Segment information for consolidated statements for previous scal years have revised to reect the change in segments.

GLOBAL

Mitsui Fudosan America, Inc. Mitsui Fudosan Australia Pty. Ltd. Mitsui Fudosan (U.K.) Ltd. Mitsui Fudosan Taiwan Co., Ltd. Revenue from Operations Operating Income / (Unit: billion yen) Mitsui Fudosan (Asia) Pte. Ltd. Mitsui Fudosan (Shanghai) Consulting Co., Ltd. Profit attributable to owners of parent (Unit: billion yen) Mitsui Fudosan (Asia) Malaysia Sdn. Bhd. Mitsui Fudosan Consulting (Beijing) Co., Ltd. 11,905,905 Mitsui Fudosan Asia (Thailand) Co., Ltd. Mitsui Fudosan Consulting (Guangzhou) Co., Ltd. 2,000 300 280 1,861 262 1,704 1,751 1,567 245 232 1,500 202 OTHERS 200 183 168 155 Daiichi Engei Co., Ltd. Mitsui Fudosan Architectural Engineering Co., Ltd. 1,000 131 117 Tsunamachi Club Co., Ltd. Mitsuifudosan TG Smart Energy Co., Ltd. 100 Tokyo Midtown Management Co., Ltd. Mitsui Fudosan Investment Advisors, Inc. 500

0 0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2015 FY2016 FY2017 FY2018 FY2019

* Year ending March 31. * Year ending March 31. Operating Income Profit attributable to owners of parent

33 34 History 1990 ・ Opening of "Alpark" (Hiroshima) 1991 ・ Creation of new corporate logo " " 1993 ・ Full completion of "Okawabata River City 21, West Block" (Tokyo) 1994 ・ Opening of "Shonan Village" (Kanagawa) Okawabata River City 21 1995 ・ Opening of the rst full-scale outlet mall in Japan "MITSUI OUTLET PARK OSAKA TSURUMI" (Osaka)

1673 ・ Opening of the "Echigo-ya" 1998 ・ Registration of "Mitsui Main Building" as an Important Cultural Property clothing store in Nihonbashi by Takatoshi Mitsui, founder of the 1999 ・ Completion of "Gate City Osaki" (Tokyo) House of Mitsui ・ Opening of "MITSUI OUTLET PARK MARINE PIA KOBE" (Hyogo) MITSUI OUTLET PARK OSAKA TSURUMI 1914 ・ Establishment of Mitsui Company and its real estate section Mitsui Main Building 2000 ・ Start of Of ce Building Fund operation 1929 ・ Completion of "Mitsui Main Building" (Tokyo) ・ Launch of Mid-term Business Plan 2002 ・ Completion of "Nakanoshima Mitsui Building" (Osaka) ・ Opening of "MITSUI OUTLET PARK JAZZ DREAM NAGASHIMA" (Mie) 1941 ・ Separation of real estate division from the Mitsui Company, establishment of Mitsui Fudosan Co., Ltd. with 3 million yen in capital, wholly owned by the Mitsui family 2003 ・ Completion of "Shiodome City Center" (Tokyo) ・ Completion of "Aoyama Park Tower" (Tokyo) COREDO Nihonbashi 1949 ・ Listing of stock ・ Launch of Long-term Business Plan "Challenge Plan 2008" 1956 ・ Liquidation and absorption of the "Mitsui Company" by Mitsui Fudosan 2004 ・ Completion of "Nihonbashi 1-chome Mitsui Building (COREDO Nihonbashi)" (Tokyo) 2005 ・ Completion of "Nihonbashi Mitsui Tower" (Tokyo) ・ Completion of "Mitsui Garden Hotel Ginza Premier" (Tokyo) ・ Establishment of Mitsui Fudosan Residential Co. Ltd. 1961 ・ Start of development and sales of residential and vacation property 2006 ・ Opening of "Urban Dock LaLaport TOYOSU" (Tokyo) 1968 ・ Start of development and sales of condominiums ・ Opening of "Mitsui Shopping Park LAZONA kawasaki plaza" (Kanagawa) ・ Completion of "Kasumigaseki Building," the rst skyscraper in Japan (Tokyo) ・ Opening of "LaLaport KASHIWANOHA" (Chiba)

1969 Start of construction and sales of detached houses 2007 Opening of "TOKYO MIDTOWN" (Tokyo) ・ ・ Urban Dock LaLaport TOYOSU ・ Establishment of "Mitsui Real Estate Sales Co., Ltd." ・ Launch of Long-term Business Plan "New Challenge Plan 2016" Completion of "Gran Tokyo North Tower" (Tokyo) (now "Mitsui Fudosan Realty Co., Ltd.") Kasumigaseki Building ・ 2008 ・ Completion of "Akasaka Biz Tower SHOPS&DINING" (Tokyo) ・ Opening of "MITSUI OUTLET PARK SENDAI PORT" (Miyagi)

1971 Completion of "Mita Tsunamachi Park Mansion" (Tokyo) ・ TOKYO MIDTOWN 1973 ・ Establishment of "Mitsui Fudosan America, Inc." 1974 Completion of "Shinjuku Mitsui Building" (Tokyo) ・ 2010 Opening of "MITSUI OUTLET PARK SAPPORO KITAHIROSHIMA" (Hokkaido) Establishment of "Mitsui Home Co., Ltd." ・ ・ ・ Completion of "Muromachi Higashi Mitsui Building (COREDO Muromachi 1)" (Tokyo) Mita Tsunamachi Park Mansion 2011 ・ Opening of "Shanjing Outlet Plaza-Ningbo" (Zhejiang Province, China) 2012 Completion of "Yokohama Mitsui Building" (Kanagawa) ・ MITSUI OUTLET PARK SAPPORO KITAHIROSHIMA ・ Launch of Medium-to Long-term Business Plan "Innovation 2017" 1980 ・ Establishment of " " system of joint development ・ Opening of "MITSUI OUTLET PARK KISARAZU" (Chiba) ・ Opening of "DiverCity Tokyo Plaza" (Tokyo) 1981 ・ Opening of rst retail property in Japan: "LaLaport TOKYO-BAY" (Chiba) 2014 ・ Opening of "Mitsui Garden Hotel Osaka Premier" (Osaka) ・ Opening of "Mitsui Garden Hotel Kyoto Shinmachi Bettei" (Kyoto) 1984 ・ Opening of rst hotel in Japan: ・ Completion of "Muromachi Furukawa Mitsui Building "Mitsui Garden Hotel Osaka Yodoyabashi" (Osaka） (COREDO Muromachi 2)" (Tokyo) LaLaport TOKYO-BAY Kashiwa-no-ha Smart City "Gate Square" ・ Opening of "Halekulani" (Hawaii) ・ Completion of "Muromachi Chibagin Mitsui Building (COREDO Muromachi 3)" (Tokyo) 1986 ・ Acquisition of "1251 Avenue of the Americas" (New York) ・ Completion of "Iidabashi Grand Bloom" (Tokyo) ・ Opening of Kashiwa-no-ha Smart City "Gate Square" (Chiba) ・ Completion of "Fukutoku Shrine" (Tokyo) ・ Opening of "Millennium Mitsui Garden Hotel Tokyo" (Tokyo)

Halekulani Fukutoku Shrine

35 36 2015 ・ Launch of Medium- to Long-term Business Plan "Innovation 2017 (Stage II)" ・ Opening of "MITSUI OUTLET PARK KLIA SEPANG" (Kuala Lumpur) ・ Opening of "MITSUI OUTLET PARK HOKURIKU OYABE" (Toyama) ・ Opening of "LaLaport EBINA" (Kanagawa) ・ Opening of "LaLaport EXPOCITY" (Osaka)

2016 Opening of "MITSUI OUTLET PARK LINKOU" (Taiwan) ・ Fukutoku Garden ・ Opening of "AMANEMU" (Mie) ・ Completion of "Fukutoku Garden" (Tokyo) ・ Opening of "LaLaport SHONAN HIRATSUKA" (Kanagawa)

2017 ・ Opening of "WORK STYLING" (Tokyo) ・ Opening of "HOTEL THE CELESTINE KYOTO GION" (Kyoto) ・ Rebrand opening of "HOTEL THE CELESTINE TOKYO SHIBA" (Tokyo) ・ Opening of "Mitsui Shopping Park &mall"

WORK STYLING Shibuya 2018 ・ Completion of "TOKYO MIDTOWN HIBIYA" (Tokyo) ・ Announcement of "VISION 2025" – The New Mitsui Fudosan Group Long-term Vision ・ Completion of "Nihonbashi Takashimaya Mitsui Building" (Tokyo) ・ Opening of "LaLaport NAGOYA minato AQULS" (Aichi) ・ Completion of "55 Hudson Yards" (New York) ・ Opening of "Mitsui Garden Hotel Nihonbashi Premier" (Tokyo) ・ Completion of "Television Centre Redevelopment Project (Phase 1)" (London) Opening of "MITSUI OUTLET PARK TAICHUNG PORT" (Taichung) ・ TOKYO MIDTOWN HIBIYA

2019 ・ Completion of "Yomiuri Namiki-dori St. Building" (Tokyo) ・ Completion of "Nihonbashi Muromachi Mitsui Tower" (Tokyo) ・ Completion of "Mitsui Fudosan Industrial Park (MFIP) Haneda" (Tokyo) ・ Opening of "Halekulani Okinawa" (Okinawa) ・ Grand opening of "COREDO Muromachi Terrace" (Tokyo) ・ Completion of "MFLP Funabashi Ⅱ, MFLP Funabashi & GATE" (Chiba) ・ Opening of "LaLaport NUMAZU" (Shizuoka) Opening of "Halepuna Waikiki" hotel (Hawaii) ・ Halekulani Okinawa * Renewal of "Waikiki Park Hotel" opened in 1987 ・ Opening of "Mitsui Garden Hotel Jingugaien Tokyo Premier" (Tokyo)

2020 COREDO Muromachi Terrace 2020 ・ Opening of "Mitsui Garden Hotel Roppongi Tokyo Premier" (Tokyo) ・ Opening of "MFLP ICT LABO 2.0" (Chiba) ・ Completion of "Otemachi One" (Tokyo) ・ Completion of "Toyosu Bayside Cross Tower" (Tokyo) ・ Scale-up opening of "Urban Dock LaLaport TOYOSU" (Tokyo) *Renwal of "Urban Dock LaLaport TOYOSU (Ⅰ・Ⅱ ）" and opening of "Urban Dock LaLaport TOYOSU (Ⅲ) (Bayside Cross Tower) Renewal Opening of "MITSUI OUTLET PARK YOKOHAMA BAYSIDE" ・ Toyosu Bayside Cross Tower (Kanagawa) *Opened in 1988 ・ Opening of "Mitsui Garden Hotel Fukuoka Nakasu" (Fukuoka) ・ Opening of "RAYARD MIYASHITA PARK"(Tokyo)

*Properties are identified by their current names.

37 38