Investor Presentaiton

2-4 1H/2016 (30th Period) Financial Position Financial Data 2H/2015 (29th Period) 1H/2016 (30th Period) PoP Change LTV 41.3% 42.1% +0.8pt Long-Term Fixed-Rate Debt 95.2% 93.8% -1.4pt Short-Term Debt 8,000million yen Ratio Average interest Rate 1.10% 0.94% -0.16pt Average Maturity (Long-Term Interest-Bearing Debt) 4.11 5.16 1.05 Investment Corporation Bonds 45,000million yen ■Interest-Bearing Debt 2H/2015 (million yen) 1H/2016 PoP Change (29th Period) (30th Period) Short-Term Debt 12,000 8,000 -4,000 Long-Term Debt (floating-rate) 8,000 19,000 11,000 Long-Term Debt (fixed-rate) 358,375 361,000 2,625 Investment Corporation 40,000 45,000 5,000 Bonds Total 418,375 433,000 14,625 Credit Ratings Credit Rating Agency Credit Ratings (As of June 30,2016) Remarks JCR Long-Term Issuer Rating : AA+ Outlook: Stable R&I Issuer rating: AA Outlook: Stable Long-Term Corporate Rating : A+ S&P Outlook: Stable Short-Term Corporate Rating: A-1 9 NBF Mapen Building Fund Long-Term Debt (floating-rate) 19,000million yen Interest-Bearing Debt 433,000million yen Long-Term Debt (fixed-rate) 361,000million yen

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