Investor Presentaiton

Japanese economy Real GDP growth rate (annualized QoQ change)" (contribution, %) 30 321 20 10 Property price of residential land and condominiums *2 Residential land in all locations in Japan Residential land in Tokyo Condominium in Tokyo Household sector Net Exports Private non-resi.investment Public demand Inventories Real GDP 140 130 120 110 100 0 (10) 90 (20) (30) 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4123412341234 1 2 3 4 2013 2014 2015 2016 2017 2018 2019 2020 2021 280 80 70 Indicators to measure progress out of deflation*3 CPI (%) 4 3 2 1 0 (1) excl. fresh food excl. fresh food & energy 2008 2009 2010 (%) GDP deflator GDP gap Unit labor cost 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 00 8 4 st 0 (4) (2) (3) 1234 12 34 12 34 12 34 12 34 12 34 12 34 12 34 12 34 1 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (8) (12) 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2341234 2013 2014 2015 2016 2017 2018 2019 2020 *1 Cabinet Office. Seasonally adjusted series. Household sector = Private consumption + Private residential investment, Inventories = Change in private and public inventory, Public demand = Government consumption + Public investment *2 Ministry of Land, Infrastructure, Transport and Tourism. Real Estate Economic Institute Co., Ltd. Condominium in Tokyo is the first half of the year *3 Statistics Bureau, Cabinet Office and Ministry of Internal Affairs and Communications 2021 Copyright ©2022 Sumitomo Mitsui Financial Group. All Rights Reserved. 69 69

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