Mitsui Fudosan
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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 protable 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 prot growth and continual innovation. 23 Hotels and Resorts ・Optimize the allocation and use of available resources and pursue efcient 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 technology to innovate the real estate business”, and “Evolve into Our Ofce Buildings business is doing well. Our seven <Left> 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 Ofcer Tamachi, Otemachi, Kasuga, and Toyosu areas of Tokyo including TOKYO MIDTOWN HIBIYA which was completed in Without access to an effective vaccine and therapeutic <Right> 2018, are all operating at full occupancy. treatments, people currently have to refrain from unnecessary Masanobu Komoda contact with others, but these circumstances are by no means Despite the lifting of the government’s emergency declaration, President and Chief Executive Ofcer 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 prots due to the signicant 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 ofce “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 diversication 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, prots 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 prots, but also fulll 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 difcult. 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 fullling 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 signicant 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 condent 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,