WATABE WEDDING CORPORATION Briefing Materials on Consolidated Results for the Third Quarter of the FY Ended December 31, 2020 Agenda

１ Consolidated Highlights P3～12 ・Consolidated Performance by Business Segment ・ Consolidated Balance Sheets

２ The measures for COVID-19 infectious P13～23 diseases ・FY2020 Consolidated Performance Forecast

・WATABE Sustainable Plan

３ Business Activities P24～41

４ Appendix P42～45

3 Summary of the 3Q of the Fiscal Year Ended December 31, 2020 From FY12/2019, the Company changed its fiscal year-end from March 31 - December 31. For this reason, the 9 months from January through September are compared with reference values calculated as the same period in the previous year.

Net sales ¥13.97 billion (¥36.08 billion in the same period of the previous fiscal year) Operating income ▲¥ 9.06 billion (▲¥0.60 billion in the same period of the previous fiscal year) (▲ indicates losses) Ordinary income ▲¥ 9.09 billion (▲¥0.35 billion in the same period of the previous fiscal year) (▲ indicates losses) Net income ▲¥ 10.68 billion (▲¥0.45 billion in the same period of the previous fiscal year) Business (▲ indicates loss) Results The number of weddings decreased caused sales decrease significantly compared to the same period of the previous fiscal year due to the restrictions on overseas travel caused by the spread of COVID-19. All of operating income, ordinary income, and quarterly net income decreased due to a significant decrease in sales, even though various cost reduction measures were implemented such as personnel cost reduction, fixed cost reduction including rent reduction negotiations, and SG&A expenses reduction.

Number of weddings ▲69.1%, Unit price +4.3%, Segment sales ▲59.4% The number of wedding contracts decreased due to the postponement of many weddings scheduled to be held in Japan and overseas, which was affected by the cancellation of overseas weddings and voluntary restraint of domestic travel due to the spread of COVID-19. Even though we worked to reduce SG&A expenses such as advertisement expense and personnel cost, sales and net income decreased due to a Business significant decrease in sales

Status Number of weddings ▲64.1%, Unit price ▲5.3%, Segment sales ▲62.7% The number of our users significantly decreased such as decrease of wedding contracts due to the postponement of weddings and such as cancellation of accommodation bookings and banquets, which were caused by the spread of COVID-19. Even though we worked to manage operation cost such as advertisement expense and personnel cost, sales and net income decreased due to a significant decrease in sales.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 4 ※ Due to the change in the fiscal year-end, the results for the 3Q of the fiscal year under review have been compared with Consolidated Highlights for the First 9 Months those for the same period of the previous fiscal year (January - September 2019), which is inconsistent with the comparisons of the Fiscal Year Ended December 31, 2020 made in the financial results summary. （Millions of yen） Same period of FY Dec/2020 Item last fiscal year Y/Y change (from Jan 1st to Sep 30th, 2019) 3Q

Net sales 36,087 13,976 ▲61.3%

Gross profit 24,397 9,086 ▲62.8%

Gross margin 67.6% 65.0% ▲2.6pt

Selling, general and 25,000 18,151 ▲27.4% administrative expenses

SG&A ratio to net sales 69.3% 129.9% ▲60.6pt

Operating profit ▲603 ▲9,065 -

Operating profit margin ▲1.7% ▲64.9% ▲63.2pt

Ordinary profit ▲354 ▲9,099 -

Ordinary profit margin ▲1.0% ▲65.1% ▲64.1pt

Net profit(loss) attributable to ▲450 ▲10,685 - owners of parent

Group quarterly (3 month) sales tend to be highest in the 4th quarter4Q (October - December).

Net sales Operating profit （Millions of yen）（Millions of yen）

※ Due to the change in the fiscal year-end, the results for the 3Q of the fiscal year under review have been compared with those for the same period of the previous fiscal year (January - September 2019), which is inconsistent with the comparisons made in （Millions of yen） the financial results summary.

Resort Hotels and domestic Item Adjustments wededings weddings

Same period of Same period of Same period of last fiscal year FY Dec/2020 last fiscal year FY Dec/2020 last fiscal year FY Dec/2020 (from Jan 1st to Sep 30th, 3Q (from Jan 1st to Sep 30th, 3Q (from Jan 1st to Sep 30th, 3Q 2019) 2019) 2019)

Net sales 15,717 6,381 20,369 7,595 0 0 ▲ 5,255 ▲8,516

Segment profit （△ indicates losses） ▲ 749 ▲ 3,561 109 ▲ 5,548 36 44 ▲1,648 ▲3,672

Segment profit margin ▲ 4.8% ▲ 55.8% 0.5% ▲ 73.0% - - ▲33.8pt ▲60.8pt

Copyright© 2020 WATABE WEDDING All Rights Reserved. 8 ※ Due to the change in the fiscal year-end, the results for the 3Q of the fiscal year under review have been compared with those for the same period of the Changes in Profit previous fiscal year (January - September 2019), which is inconsistent with the by Consolidated Business Segment comparisons made in the financial results summary. （Millions of yen） ※ Excluding Adjustments 【Resort weddings】【Hotels and domestic weddings】＜Net Sales＞ ▲ 9,336 ▲ 12,775 36,087

Resort ▲ 8,636 weddings ▲ 700 ＜Net Sales＞ ▲ 1,881 15,717 Decrease 13,976 number of Travel- Accommodations ▲ 4,335 weddings related of business Wedding ▲6,559 Banquets Others Resort weddings Hotels and domestic 6,381 weddings

Hotels and 26,266 domestic 20,369 weddings 7,595 26,163

Same period of FY Dec/2020 last fiscal year 3Q (from Jan 1st to Sep 30th, 2019)

Due to COVID-19, the number of weddings from April to September significantly decreased in both segments. In the segment of hotels and domestic weddings, sales of accommodation and banquets significantly decreased from February.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 9 ※ Due to the change in the fiscal year-end, the results for the 3Q of the fiscal year under review have been compared with those for the same period of the Changes in Profit previous fiscal year (January - September 2019), which is inconsistent with the comparisons made in the financial results summary. by Consolidated Business Segment （Millions of yen） ※ Excluding Adjustments Same period of Sales decrease by the spread of COVID-19 >Reduce SG&A expenses last fiscal year (from Jan 1st to Sep 30th, 2019) Hotels and FY Dec/2020 domestic weddings 3Q 109

Resort weddings Resort weddings ▲748 Reduce ▲3,561 SG&A expenses ＜Segment indicates loss＞＋1,971 ▲639 Hotels and domestic26,163 Reduce weddings SG&A ▲5.548 ▲4,784 expenses Sales ＋3,303 decrease ＜Segment indicates loss＞ ▲9,110

▲8,960 Sales ▲2,813 decrease ▲ 5,657 【Resort weddings】【Hotels and domestic weddings】

End of Dec End of Sep End of Dec End of Sep Change Change 2019 2020 2019 2020

Current liabilities 10,450 23,235 12,785 Current assets 8,828 11,766 2,938 Accounts 2,002 369 ▲1,633 Cash and payable-trade 4,618 7,871 3,253 deposits 1,600 18,200 16,600 Short-term Non-current Non-current assets 16,259 14,773 ▲1,486 3,498 3,099 ▲399 liabilities Long-term Property, plant 700 450 ▲250 9,866 9,606 ▲260 loans payable and equipment Total liabilities 13,948 26,335 12,387 Intangible 1,989 1,937 ▲52 assets Net assets 11,138 205 ▲10,933 Investments and other 4,403 3,229 ▲1,174 Retained 3,346 ▲7,418 ▲10,764 assets earnings Total liabilities and Total assets 25,087 26,540 1,453 25,087 26,540 1,453 net assets

13 Countermeasures against COVID-19 Pandemic ✓ Resort and Hotel) Postpone wedding date for free. ✓ Resort) Deliver new service standard "5 promises for safety" ✓ Resort) New product "Live Stream WEDDING", pre-shooting family photo present ✓ Resort) Increase the number of salons for “Rizokon Online Counter”. ✓ Hotel) Implement the infection control measures such as social distance ✓ Hotel）Roll out GO TO Campaign products For customer 【Operating status】 Domestic stores）Stores for resort weddings open for three days per week and photo studio for five days per week Overseas areas）All oversea stores temporarily close (Some stores closed at the end of September) HOTEL GAJYOEN TOKYO）Open except restaurant 1 in the building MIELPARQUE）All facility open

✓ Promote to work from home/remote work For employee ✓ (Domestic) Take special leave (Overseas) Furlough ✓ Check health condition when employees arrive at work and build reporting flow ✓ Support for qualification acquisition, promote the online training system

✓ Cost reduction Application for subsidies in each country, reduction of executive compensation, and advertisement expense, and negotiations for rent reduction, etc. For corporate ✓ Secure funds by borrowing ✓ Postpone or cancel the planned investment in 2020 ✓ Develop and implement a medium-term management recovery plan, “WATABE Sustainable Plan”

Net sales 50,567 18,500

Operating profit 629 ▲12,000

Ordinary profit 886 ▲12,000

Net Profit attributable to 208 ▲13,000 owners of parent

※From FY12/2019, the Company changed its fiscal year-end from March 31 to December 31. For this reason, the 12 months from January through December are compared with reference values calculated as the same period in the previous year.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 15 Future Outlook 【Resort weddings】 The recovery is expected from the latter half of 2021 due to prolonged spread of COVID-19. Until the restrictions on overseas travel are lifted, we will operate mainly resort weddings in Japan, especially in Okinawa. The demand for photo studio is on the increase and is expected to expand. 【Hotels and Domestic weddings】 Even though the number of attendees per wedding decreases, wedding business is gradually recovering. Depending on COVID-19 situation, it’s expected that all of weddings, banquets, and accommodations come to be normalized from the latter half of 2021. ＜Backlog of ordered weddings, Percentage ＜Photo studio business, Sales percentage changes from the previous fiscal year＞ changes from the previous fiscal year＞（As of the end of September 2020）（As of the end of October 2020） FY 2021 FY 2021 180% FY 2020 1H（Jan. to Jun. ） 2H（Jul. to Dec. ） 160% 140% Forecast 120% 100% Resort Hotels・Domestic Resort Hotels・Domestic 80% △70％ △53％ △23％ △12％ 60% Resort Hotels・Domestic ＋61％＋31％ During the 40% declaration of emergency 20% 0%

Ceremony venue in an open Small-group wedding style that space surrounded by nature deepens ties with loved ones

Not only weddings but also Many photogenic spots sightseeing at travel destinations meeting SNS demand

Resort weddings style has competitive advantage in post-COVID-19. Once the restrictions on travel are lifted, the business model has big potential.

＜Sustainable Strategy＞ While maintaining the function to maximize our company’s business value, we will concentrate resources on long-lasting sustainable businesses (,which can survive in the market). As anticipating the market recovery from the latter half of 2021 to 2022, we will transform the business scale to fit with the actual profitability and will improve business efficiency by optimizing business model. Business Policy Our Vision

Restructure domestic sales network and overseas network

Expand the domestic partner facilities

Create new model to attract customers and new sales model Core business Resort Unparalleled No.1 business Aim for improving profitability by increasing in-house No. 1 facility in the region production rate (garments, videos, travel) and strengthening external sales

Strengthen sales of overseas and domestic local facilities Strengthen sales to meet market growth and fiercer Photo studio Grow into core business competition Aiming for being community-based facilities unique in each Hotel and region domestic The best facility in the region weddings Restructure domestic network

Copyright© 2020 WATABE WEDDING All Rights Reserved. 18 Measures for WATABE Sustainable Plan Below countermeasures have been determined and implemented. In the future, we will promote appropriate countermeasures step-by-step according to the situation of COVID-19 Pandemic.

Measures Purpose・Effect

The restructuring of overseas Rizokon business Increase operational efficiency １ Closed some stores other than mainstay areas Reduce fixed cost

Increase operational efficiency The restructuring of domestic Rizokon business ２ Reduce fixed cost Closed 11 directly managed stores Shift to online sales

Second career support system Optimize staff size ３ Voluntary retirement Reduce fixed cost

Sale of own assets ４ Secure liquidity on hand Estimated sale amount is about 3 billion yen

Borrowing from financial institution ５ Borrowed 13 billion yen in April, signed 3 billion Secure liquidity on hand overdraft facility agreement in November

Drawing Sales Implement Lifestyle customers Sales High loyalty Unique approach strategy for current No. 1 sales network in Japan X Online store No. 1 in terms of the number of channels customer & highly unique our facilities and potential customers High profitability from in-house production of contents CRM strategy

Advertising Directly Our Resort weddings managed strategy Facilities in 13 company’s （Digital, etc.） stores service

Call center Call In-house countries production of Travel agency contents Develop diverse 【Restaurant】 wedding styles 【Garment】 In-house media 【Travel】（Owned） Alliance stores Hawaii （main business 【Video】 Guam 【Photo】 Okinawa Photo studio 【Album】 Bali WEB store Nationwide Europe network of 16 【Travel】 Singapore MA stores EC sales Etc. ）（ Marketing Automation ）

EASY 【Hotel】 Develop(Str • Strengthen advertising • Add other engthen) Promote usage by • • Accelerate companies' facilities • Strengthen locals sales into our service external sales Non Japanese CRM • Add other companies' lineup • facilities into our service （PF of sales）（PF of • Add our facilities into strategy production） other companies’ service lineup • Strengthen • Expand photo cooperation with photo • Honeymoon lineup

(PF of drawing customers) business •（PF of operation） service CRM Based on our customer DB, we propose products according to their preference and promote our services after the wedding.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 20 Strategy for attracting customers and sales（Priority point) Strategy for attracting customers Sales strategy Strengthen in-house media for increasing ✔ Optimize sales channel by contacts and customer recognition, leading to ✔ our stores combining face-to-face and online ✔Expand alliance stores carrying our ✔ Strengthen call center functions and bring products line all of the information together. Develop MA and optimize store visits Face-to face Approach to actualized Lead to the drawing customers) optimal channel customer Directly managed stores

（Optimization for by hearing the nationwide 19 stores （Mostly in Advertising Call center place of residence strategy and request main cities）（Advertisement Alliance stores Travel on bridal （Our group company agency magazine・ and other company）

WEB・SNS） cooperation Consultative sales such as trying on dress is lead Approach to potential from non-face-to-face to face-to-face and actualized Develop approach customer based on 【非対面型Non-face】- prospective to-face In-house customer DB media WEB store ・SNS （“Rizokon Online Counters）・HP MA ・In-house （Marketing Automation） EC sales owned media （EASY by watabe wedding）

■To develop highly unique products • Develop new plan meeting customer needs such as measures against COVID-19 to Enhance differentiate from existing wedding facilities. Product Appeal • Develop original plan that combines weddings and travel as a set. • Develop high-quality video products in Hawaii ・ Guam ・ Okinawa's mainstay areas. • Develop garment brand “Resoll Collection" specializing in Resort weddings.

■ Restructuring of directly managed stores ・Optimize directly managed stores.

■ Online channel Sales strategy • Attract customers through sales channel(EC sites and “Rizokon Online Counters”) that do not require visits and strengthen sales. ■ Marketing • Strengthen digital marketing using customer database by building CRM System.

■ Overseas expansion ・Strengthen local business and promote facility use to non-Japanese customers.

■ Photo Business Growth Strategy • Open new photo studios in Sapporo and Fukuoka to expand the service network.

■ Manufacturing Business • Strengthen external sales of wedding contents, such as garments and albums, both in Japan and overseas.

■Implement brand value appeal by utilizing the characteristics of the facilities • Implement measures that emphasize the characteristics of Japanese beauty facilities, Meguro Gajoen （ HOTEL GAJYOEN differentiate itself from other hotels, and further increase earnings from weddings and TOKYO ） accommodations • Enhance brand value both hard and soft by focusing on "enhancing human resources"

■Implement measures to promote facility use as a community based one.

MIELPARQUE ・Develop sales measures targeting domestic demand and promote facility use. ・Watch market trends such as “GO TO campaign”, control yields, and improve the occupancy rate.

■ In-house media development • Aiming to create a platform for attracting customers, the company has developed round media with the aim of raising brand value and creating a new profit model (Hawaii Lovers, Related Wedding preparation.com, etc.). Businesses ■ Travel company “Compact Seek” and Others • Strengthen Okinawa travel sales. Develop high-value-added travel plans for resort weddings. ■ Integrating group’s back-office divisions for promotion of “platforms strategy” ■ Promotion of new human resource system and implementation of work style reforms * Each specific measure may change in the future due to the spread of COVID-19. Copyright© 2020 WATABE WEDDING All Rights Reserved. 23 ❸ Business Activities

24 WATABE WEDDING’s Initiatives during COVID-19 Pandemic Others Develop various initiatives in response to “with COVID-19”

◇A new service standard WATABE WEDDING "Five Promises for Safety"

We have set a new standard of more than 100 items considering COVID-19 and WATABE WEDDING’s "Five Promises for Safety” for our customers to make the day special without concern.

＜deliver a demonstration movie ＞ＵＲＬ：https://youtu.be/BdtoCDVYEPk

◇Hawaii Lovers WEB ◇Produce the mask cover using the lace • Post a series of articles introducing the takeout menu of fabric of bridal gowns. restaurants that are doing their best under self-restraint Produce the mask cover using the lace fabric that is requests. unused due to the design change of the wedding dress • Donate the part of charity T-shirt sales to an organization that supports local businesses in Hawaii, which face Carry out a campaign to give financial difficulty due to COVID-19. presents to couples who applied for resort weddings in the Okinawa area

Develop services related to measures against COVID-19 in Okinawa area

『 Live Stream WEDDING』 Free distribution of 『Antibacterial mask Deliver resort weddings to guests in real time to keeper』 use online, proposing new products in response to Distribute antibacterial mask keeper with a design of the impact by COVID-19 Bingata pattern representing typical Okinawa.

Period：October 25th, 2020(Sun) ～December 31st, 2020（Thu） ※Only for the guest attending at Aquagrace Chapel 『”WITH COVID-19” gift product』

DESIGN MASK Sales price：¥1,320（inc. tax）

Started sales：July 17th, 2020 ALCOHOL HAND GEL Deliver method: Limited access on YouTube Sales price：¥550（inc. tax） Sample video：https://youtu.be/RsR21pLAM60 ※Only for Aquagrace Chapel

Aiming for speedy information sharing during this “with COVID-19” era, promote online communication inside and outside the company ‐Toward a better working environment for women who are caring for children in response to diverse working styles -

Result of remote work promotion ・ Introduced remote work for headquarters staff ・ Online workshop networking event for new employees ・ "Training for new employees joined in 2020" "Training for mid-career hired" "Training for new managers" ・ Company information session, recruitment interview (new graduate / mid-career recruitment) ・ Strengthened the staff system of "Rizokon Online Counter“ ＜Online workshop networking event for ・Online site visit new employees＞

＜Online site visit＞

Strengthen sales channels development combining Real and WEB stores ‐Restructuring our nationwide store network to strengthen the online customer service-

■ Directly managed stores（19 stores nationwide） ■WEB store

『Rizokon Online Counter』（URL：https://www.watabe-wedding.co.jp/shop/onlinecounter/）

2020.08 Relocation : Sapporo Branch

2018.04 2020.06 Fukuoka 2019.10Shinjyuku Grand Plaza Branch 2019.12 Shibuya Lounge Relocation : • Online face-to-face provision of the same high quality customer 2020.01 Tokyo Grand Plaza Sendai Branch service as stores

2018.10 Umeda Salon 2020.01 Osaka Grand • The product lineup is similar to that of directly managed stores. Plaza ◇The number “Rizokon Online Counter” users compared with previous year 2018.05 Nagoya Grand Plaza 2018.06 Meieki Salon 1333% 2020.03 Nagoya Sakae Salon 1292% 2020.06 Relocation : 2020.06 Relocation : 1400% 1140% Ginza Salon Tachikawa Salon 1200%

1000% 811% 725% 800% 600% 430% 430% 360% 400% 200% 0% 3月 4月 5月 6月 7月 8月９月 10月

Copyright© 2020 WATABE WEDDING All Rights Reserved. 28 Resort Sales Channels：EC development Wedding business Responding to the Expanding EC Market Strengthen EC channels and aim for further profit growth - Enhance product lineup and provide lifetime value proposals -

“EASY by WATABE WEDDING” “youR STYLE”

(URL:https://www.watabe-wedding.co.jp/easy/) (URL:https://yourstyle.net/)

• Completed online, from "Rizokon" to Honeymoon Photo • E-commerce site for guest garments for rental applications and payments merchandise • Lineup of casual wear products

Copyright© 2020 WATABE WEDDING All Rights Reserved. 29 Resort In-house Media Development Wedding business Contribute to further customer reach and increase brand recognition Strengthen local information delivery in response to the growing Hawaiian needs - Deliver fresh information for weddings and resorts to increase added value -

『WEDELF』 A website dedicated to weddings, originating in Singapore, providing unique venues, wedding-related information, and up-to-date information from local writers. URL：http://wedelf.com

『Hawaii Lovers』 Deliver the information dedicated to Hawaii area, which incorporates information on weddings and other topics, as well as local information on Hawaii's newest spots and how to spend time in the area 『Wedding Preparation.com』［WEB site］ URL：https://islands-journey.com/hawaiilovers/ A website that provides knowhow needed to prepare for ［Instagram］Followers 28,000(As of November 13th , 2020） proposals and weddings. Account URL：https://www.instagram.com/hawaiilovers_photo/ URL：https://wed-junbi.com

Copyright© 2020 WATABE WEDDING All Rights Reserved. 30 Resort In-house Production Contents：Garments Business Wedding business Realizing both the beauty and comfort of garments by considering the peculiarity of resorts Announcement of new costume brands, “Resoll Collection” - Clarify the value of our brands and aim for additionality and improve unit price -

＜Specialize “Rizokon” ’s Bridal gowns and Tuxedo WEB Site renewal opened ＞

"All for the Resort Wedding"

Resoll Collection's "Resoll" is a coined English-language "Resort" "all." In any situation in a resort To make the bride beautiful and comfortable Start of sales: October 10, 2019 We pursue designs that are full of functional beauty, calculated in detail.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 31 Resort In-house Production Contents：Garments Business Wedding business Collaborate with famous icons and brands to reach new customer segments New design appeared in wedding garments from the fashionable ELLE brand - Propose garments suited to various wedding styles, such as domestic wedding halls and hotels -

LOUISE MARGAUX SIMON

A classic, stylish and Feminine and elegant bridal A deep, glossy, and purplish navy blue fashionable 3-way bridal gown with well-designed tuxedo with a long jacket and a wide gown tiered frills collar, making you classic and gentle.

“ELLE MARIAGE” bridal gown & tuxedo Started sales: July 23, 2020

Copyright© 2020 WATABE WEDDING All Rights Reserved. 32 Resort In-house Production Contents：Video Business Wedding business Supervised for all movie products in major areas by Propeller USA Started handling in January 2020, contributing to increase incidental rate and sales - Aiming for improving product value by the imaging technologies is spread horizontally for major areas -

- Propeller USA- Videography, editing, and video creation for wedding ceremonies held by Japanese couples in Hawaii. Popular for their movie-like quality.

• PROPELLER USA, Inc. (Hawaii)：June 2017 Grouping • Propeller USA Ryukyu Co., Ltd. (Okinawa base)：Established in April 2018 • Propeller USA photography unit (Guam base) ：Established in September 2019

Copyright© 2020 WATABE WEDDING All Rights Reserved. 33 Resort In-house Production Contents：Travel Business Wedding business Strengthen the travel business by leveraging synergies with travel agencies' knowhow Started offering travel products exclusive to WATABE WEDDING and achieved an increase in incidental ratio -A new travel plan with full of special benefits was released in August, which is customized for Okinawa resort weddings-

＜New travel plan “WATABE WEDDING special tour for OKINAWA with JAL”＞

COMPACT SEEK Co., Ltd. Joined the Group in April, 2018

Copyright© 2020 WATABE WEDDING All Rights Reserved. 34 Resort Photo Business Wedding business Opened new photo studios in Sapporo and Fukuoka in June to expand the service network Operates 16 multi-purpose studios that meet diversified photo needs

- The number of photo wedding orders has remained at a high level, capturing the needs during COVID-19 Pandemic-

Niigata Photo Studio

Nagano Photo Studio

Sendai Photo Studio Sapporo Photo Studio Fukuoka Photo Studio Yokohama Bay Photo Studio

Tokyo Shibakoen Photo Studio Nagoya Photo Studio Tokyo Meguro Photo Studio Shinjuku Photo Studio Kyoto Photo Studio

Kumamoto Photo Studio Osaka Photo Studio

Okayama Photo Studio

Hiroshima Photo Studio

Matsuyama Photo Studio

Integrate the operations of back-office departments across group companies Aim to build a platform for administrative operations, leading to an effective use of resources - Achievement of know-how accumulation and expertise sophistication as well as their sharing -

< Relationship among the departments of each < Vision > company and shared company > Each group company holds 【WATABE】【MIELPARQUE】【Gajoen】【Others】 administrative workforce and implements similar operations Sales Sales Sales Sales department department department department

Reorganize General General General General

operations affairs affairs affairs affairs

K accumulatetoOpportunity

Consider standardization employees ofDevelopment nowledge

Accounting & Accounting & Accounting & Accounting & (Improving operational(Improving

finance finance finance finance

(Economy of scale) of (Economy Effective use of humanofEffectiveuse Cost reductionCost Human Human Human Human

efficiency) Build a platform for resource resource resource resource / Experience /

group's back-office resources departments System System System System (Know-how accumulation and expertise sophistication Operational integration of

as well as their sharing) /

Career pathCareer administrative departments : :

Enhance governance ＋ Respond to diverse business expansions Outsourcing of indirect departments such as M&A (General affairs ・ Accounting & finance ・ Human resource ・ System) (Smooth integration with the group)

Copyright© 2020 WATABE WEDDING All Rights Reserved. 36 Build a Platform for the Operations of Back-office Departments Others across Group Companies Established “SUNITED”, a subsidiary of WATABE WEDDING, for the entire IT-related business - Contribute widely to solving information system challenges by leveraging the knowledge of both business company and vendor -

【Advantage of SUNITED】 ●Experience as information system department at business company Since it was an information system department of WATABE WEDDING, it has knowledge and understanding of sales, marketing, operations, etc. ●System development accomplishments It has experience in core, accounting, front system development and abundant system knowledge

＜Overview of available service＞

①Minnano Information System ：Sharing economy service for information system departments ②SUNITED Cloud ：A service providing system development on a monthly basis ③Marketing Support ：Consulting service for clients to solve challenges of marketing such as advertising ④Minnano Information System Career ：Agent service specializing in human resources of information system at business company

Copyright© 2020 WATABE WEDDING All Rights Reserved. 37 WATABE WEDDING CRM Initiatives Others Building CRM framework to increase customer attraction rate and increase customer convenience - Aiming to Optimize Life Support after Wedding by Expanding the System to Group Companies - WATABE WEDDING Wedding Scheduled consideration After the group Application Wedding wedding

New contact supporting lifestyle after the wedding Promoting visit Increase convenience (Comprehensive Lifestyle)

Customer DB Utilizing MA Customer-specific Distribution of e-mail page magazines

MA (Marketing Automation) are a series of processes that integrate functionality such as email, website visitor analysis, lead scoring, lead-nurturing campaigns, • Honeymoons, Engagement rings, childbirth, campaign management, and reporting real estate, lifestyle companies, etc. into a single software package to • Online/Offline streamline marketing operations and Customer-specific page ※ Scheduled to be steadily deployed share data with sales. (Exhibit: Raab Associates) Non-wedding companies

Copyright© 2020 WATABE WEDDING All Rights Reserved. 38 Hotel Measures against COVID-19 in Hotel and Domestic Wedding business and domestic wedding Established guidelines for measures against COVID-19 in hotels and domestic wedding businesses ~ Set standards to fit with each department for ensuring the safety of customers and hotel staff ~ ＜Examples of mesures＞

Keep social distance Disinfect shared areas in the building with alcohol regularly

Implement temperature check Prepare alcohol sanitizer

Copyright© 2020 WATABE WEDDING All Rights Reserved. 39 Hotel and Hotel Gajoen Tokyo : Implement Brand Value Appeal domestic weddings “Traveller Made®” Selected as one of the 6 best hotels in the world in the 2020 Best Hotel (Independent Hotel Category) - Implement brand value appeal by delivering its history and culture to luxury people around the world -

“Traveller Made®” s bringing to light the extraordinary talent of Luxury Travel Designers who afford the most appropriate response to the needs of discerning travellers, seeking an appropriate level of service. The partner hotel is a member of only those hotel facilities that satisfy the selected conditions, “Hotel Gajoen Tokyo”is the number 13rd in Japan and the Membership: September 23, 2019 number 6th in the metropolitan hotel. URL：http://www.travellermade.com/

Copyright© 2020 WATABE WEDDING All Rights Reserved. 40 Hotel and Hotel Gajoen Tokyo: Measures to Promote the Use of On- domestic site Facilities weddings Promote the use of on-site facilities for domestic demand Exhibit “Hyakudan-kaidan”, develop various product plans of restaurants and accommodations - The utilization rate is on a recovery trend thanks partly to “GO TO campaign”-

＜ Autumn Fruit Afternoon Tea＞

＜「TAGBOAT ”Senno”×”Hyakudan- kaidan”」exhibition＞

＜ Halloween Afternoon Tea＞＜Breakfast Buffet of New Normal Style＞

＜Christmas Cake 2020 ＞＜New Year Osechi＞＜Sweets Course～WINTER～＞＜Shine Muscat Parfait＞

42 WATABE WEDDING Group Network 【Overseas】 As of November 13, 2020 ▪ Honolulu Branch ▪ Kona Branch ▪ PROPELLER USA,INC. ▪ Hawaii Lovers, Inc. Hawaii Branch ▪ Lani Le’a Chapel ▪ Ko Olina Chapel Place of Joy ▪ Ko Olina Aqua Marina France North ▪The Private Garden Aloha Ke Akua Korea America ▪ The AKALĀ Chapel located at Hilton Hawaiian Village Waikiki Beach Resort Italy China ▪ The Banquet at Harbor Court ▪ Michel’s at the Colony Surf Taiwan Hawaii Hong Kong Guam ▪ Guam Branch ▪ Creative Studio Guam Vietnam ▪ St. Probus Holy Chapel ▪ Blue Aster Singapore ▪ Luz de Amor Chapel

Indonesia Paris Branch Australia ▪ ▪ Florence Branch ▪ Shanghai Branch ▪ Cairns Branch ▪ Beijing Branch Tuxedo Production Sanctuary Cove Chapel ▪ ▪ CHIJMES Hall Facility Alamanda Great Barrier Reef Chapel ▪ ▪ Alcove at Caldwell House ▪ Apparel Center Hilton Blue Horizon Chapel ▪ ▪ Photo Album Production Facility ▪ Taiwan Branch ▪ Bali Branch ▪ Vietnam Wedding Dress Factory ▪ ULU SHANTI ▪ Da Nang Branch ▪ Hong Kong Branch ▪ W&D Products, LTD. ▪ WATABE KOREA.CO.,LTD.

Copyright© 2020 WATABE WEDDING All Rights Reserved. 43 • Hokkaido WATABE WEDDING Group Network 【Domestic】 ▪ Sapporo Branch Sapporo Blanc Birch Chapel As of November 13, 2020 ▪ ▪ Sapporo Photo Studio • Wakayama • Yamanashi ▪ Wakayama Lounge Kofu Lounge • Kyoto • Niigata • Miyagi ▪ KYOTO-WAKON(Kyoto Branch) ▪ Niigata Branch ▪ Sendai Branch • Kyoto photo Studio • Nagano ▪ HOTEL MIELPARQUE SENDAI Hokkaido • Kyoto Shijo Branch ▪ Matsumoto Lounge ▪Sendai Photo Studio (in HOTEL MIELPARQUE ▪ Anniversary Salon ▪ Nagano Photo Studio SENDAI ) ▪ Kyoto Okakuen ▪ HOTEL MIELPARQUE NAGANO ▪ MIELPARQUE KYOTO ▪ KARUIZAWA CREEK GARDEN • Tokyo Product Center • Ishikawa ▪ Tohoku ▪ Tokyo Grand Plaza ▪ Head office ▪ Kanazawa Branch Koshinetsu , ▪ Ginza Salon • Osaka Hokuriku ▪ Shibuya Lounge ▪ Shinjuku Grand Plaza ▪ Osaka Grand Plaza ▪ Shinjuku Photo Studio ▪ Osaka Photo Studio Kansai ▪ PLATINUM BIRTHY Minami Aoyama Lounge ▪ Shinsaibashi Branch Kanto ▪ Tokyo Meguro Photo Studio Umeda Salon ▪ Chugoku ▪ Tokyo Shibakoen Photo Studio ▪ HOTEL MIELPARQUE OSAKA ▪ Tachikawa Branch • Hyogo ▪ Felice Garden Hibiya Kobe Sannomiya Branch ▪ Tokai ▪ HOTEL GAJOEN TOKYO Kobe Kitano Sassoon • Fukuoka ▪ Kyusyu ▪ Lumiamore ▪ Fukuoka Branch Shikoku ▪ HOTEL MIELPARQUE TOKYO ▪ Fukuoka Photo Studio ▪ Tokyo Office • Kumamoto ▪ Hawaii Lovers Inc. ▪ Kumamoto Branch ▪ COMPACT SEEK CO., LTD ▪ Kumamoto Photo Studio ▪ SUNITED Co.,Ltd. ▪ HOTEL MIELPARQUE KUMAMOTO • Kanagawa • Kagoshima Okinawa Aichi ▪ Yokohama Grand Plaza • Hiroshima • Nagoya Grand Plaza Yokohama Bay Photo Studio ▪ Kagoshima Branch ▪ Hiroshima Branch ▪ ▪ Nagoya Photo Studio (in HOTEL MIELPARQUE ▪ Hiroshima Photo Studio ▪ ▪ Crystal Grace Chapel MAGOYA) Naha Branch ▪ HOTEL MIELPARQUE HIROSHIMA ▪ HOTEL MIELPARQUE YOKOHAMA ▪ ▪ Mei Eki Salon • Okayama Chiba ▪ Kouri Island Sky&Ocean Kyoukai ▪ Nagoya Sakae Salon • ▪ Okayama Branch ▪ Aqualuce Chapel ＜Shikoku are＞ ▪ HOTEL MIELPARQUE MAGOYA ▪ Chiba Branch ▪ Okayama Photo Studio ▪ Aquagrace Chapel • Ehime • Saitama ▪ HOTEL MIELPARQUE OKAYAMA • Gifu ▪ Coralvita Chapel ▪ Matsuyama Branch ▪ Omiya Branch Crudesur Chapel • Gifu Lounge ▪ ▪ Matsuyama Photo Studio • Gunma ▪ ALLAMANDA CHAPEL ▪ HOTEL MIELPARQUE MATSUYAMA • Shizuoka Shizuoka Branch ▪ Takasaki Branch ▪ SHIGIRA MIRAGE BAYSIDE CHAPEL • Kagawa ▪ Hamamatsu Lounge ▪ Hotel Racine Shinmaebashi ▪ Erythrina Nishihara Hillsgarden ▪ Takamatsu Lounge ▪ Tochigi ▪ Creative Studio Okinawa • Tokushima • ▪ Creative Studio Miyako ▪ Tokushima Lounge ▪ Utsunomiya Branch ▪ Marine bijou ▪ Propeller USA Ryukyu Co., Ltd.

WATABE WEDDING CORPORATION

TEL: +81-3-3288-4149 FAX: +81-3-3288-7315

TEL: +81-75-778-4111 FAX: +81-75-778-4177

This document is intended solely for use by WATABE WEDDING CORPORATION for the purposes of presentation. ①Distribution or use of this document outside of the Company, or ②disclosure, duplication, photocopy, or any action in relation to the content of this document should not occur without the written and signed permission of WATABE WEDDING CORPORATION. The forward-looking statements contained in this document are based upon targets and estimates and do not constitute any guarantees or warrantees. When using this document, please be aware that actual results may differ from forecasts.