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Investor Presentaiton

Urban Development along TOKYU Lines FUAKO TAMAGAWA RISE (BENEFITS OF OPENING) Functions added by redevelopment Benefits for the town ■Pop'n increase (Within 1 km radius of Futako-Tamagawa Stn.) Approx. 4.5% increase Expansion of our business Approx. 41.0B Futako Tamagawa Rise Shopping Center Tenant Revenue (x 100M Yen) 450 400 350 300 (1.5x Setagaya Ward's average increase (3%)) Apr. 2014 42,663 (of which, 0-14 9% increase years: 5,866) (1.7x Setagaya Ward's increase) Apr. 2017 44,570 (of which, 0-14 years: 6,402) 250 FY2011 FY2012 180 Rise in land values ■Daily average passengers boarding/alighting at (x 1,000) 163,000 Futako-Tamagawa Stn. FY2013 FY2014 FY2015 FY2016FY2017 160 (Value of 1 m² commercial land 200 m from Futako-Tamagawa Stn.) Approx. 12.8% increase If value in Jan. 2014 is 100 Jan. 2018 128.2 Approx. 60,000 (58.2%) increase 140 120 103,000 100 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Ripple effect on population and land value increases in surrounding areas as well as development area 14
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