Investor Presentaiton

1-5. Strong Financial Basis Financial Strategy ✓ Maintain financial soundness for investment opportunities while being conscious of the rating Mitsui Fudosan Group Management Strategy Trend of D/E ratio, etc. Interest-bearing debt(Left) Shareholders' equity(Left) (Billions of yen) 4,000 --Debt/Equity ratio(Right) (Time) 2.0 1.80 3,700.0 ✓ Controlling interest-bearing debt referring to DE ratio as an indicator 3,623.4 1.71 3,481.1 1.8 3,500 1.60 1.6 3,000 1.62 2,906.6 ✓ Flexible financing, including direct and indirect financing 2,604.6 1.4 2,555.8 2,500 2,408.6 2,226.2 2,287.4 1.2 2,120.2 2,342.5 2,040.0 2,204.8 1.45 1.42 1,922.3 1,984.6 2,000 ✓ Maintain a high long-term/fixed ratio of outstanding loans 1,740.0 1,743.4 1,976.1 1.18 1.24 1.0 1,871.9 1.16 1.15 1.06 0.8 1,500 1,274.3 1,181.1 1,078.1 1,019.9 0.6 ✓ The unused commitment line is 400 billion yen 1,000 0.4 500 0.2 0 0.0 3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/'20 3/'21 3/'22 (E) 10.1% Non-Recourse - JPY 4.9% Interest-Bearing Debt *consolidated Ratio of Long-Term Debt As of March 31, 2021 Excl. Non-recourse As of March 31, 2021 Non-Recourse - Others, Short-Term 4.5% Ratio of Fixed-Interest Debt Excl. Non-recourse Credit Rating As of March 31, 2021 Floating As of March 31, 2021 8.0% Rating Agencies Long-term Short-term Outlook Moody's A2 negative Standard & Poor's A A-1 negative Corporate - Others, 15.6% R&I AA- a-1+ Stable Corporate - JPY, 69.4% Long-Term 95.5% Fixed 92.0% JCR AA J-1+ Stable 【Interest rate situation】 As of March 31, 2021 Average Duration 6.31 Years All currency 1.08% Japanese currency 0.64% Foreign currency 2.34% MITSUI FUDOSAN CO.,LTD 17

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