Investor Presentaiton

1-7. Business model that realizes sustainable growth Increasing management income by creating rental and sales profits using our BS (Approx. ¥7.7 trillion) and expanding assets under custody (Approx. ¥4.4 trillion) Other Our BS (Approx. ¥7.7 trillion) Mitsui Fudosan Group's high-quality real estate stock 3.029 39% tangible and Intangible 10% fixed assets Tangible and Intangible. fixed assets Total Assets A.Rental Properties (Tangible and Intangible Fixed Assets) L Customers' assets in custody (Approx. ¥4.4 trillion) Wide range of potential buyers Nippon Building MITSUI FUDOSAN GROUP NBF Bund Sale of Assets Property Sales CF from sales Nippon Accommodations Fund Asset size ¥1.367 trillion (75 properties) Asset size ¥318.4 billion Asset size ¥339 billion (129 properties) ¥7.741 trillion 1.258 Others 26% Real Property for Sale 16% Leasing 9% Real Property for Sale B.Real Property for Sale (for Property Sales (for property sales Rent Leasing Frontier Real Estate Investment Corporation (37 properties) Management and operation Management Mitsui Fudosan MFLP Logistics Park, Inc. Asset size ¥297.6 billion (21 properties) Commissions MITSUI FUDOSAN INVESTMENT ADVISORS, INC. Assets in custody ¥1.409 trillion to individuals) Rental properties: Approx. ¥3 trillion to Investors) Expected NOI yield on working assets: 8.0% Property for sale: Approx. ¥1.25 trillion Expected NOI yield on working assets: 6.4% Extensive customer base (Office tenants: 3,000 companies, Retail tenants: 2,400 companies) Mitsui Fudosan Private REIT Inc. MFPR Asset size ¥376.9 billion (53 properties) Realize sustainable growth by optimally combining Leasing, Property sales, and Management and leveraging our strengths Leasing Enjoyment of stable rent* from operating assets *Of the ¥4.2 trillion in assets, 79% are working assets, expected NOI yield 7.5% Property Sales Promoting the sale by BS Control Realization of unrealized gains on assets held Management Stable growth in non-asset earnings the expansion of AUM Strengths Trends in gains on sales (A+B) (Billions of yen) Management Segment Operating Income (Billions of yen) Leasing Segment Operating Income (A+B) (Billions of yen) 97.9 60 94.8 53.8 55.1 55.6 150 145.8 52.4 141.9 49.9 49.3 48.7 90 138.3 135.7 140 80 Property Sales to Investors Operating Income Gain on sales of fixed assets 50 41.5 40 70 10 34.3 130 124.1 120.7 60 63.3 54.1 32.1 30 120 50 109.2 107.8 110 104.3 40 20 34.6 30 100 95.6 20.5 18.7 10 20 88.9 10.6 90 8.3 10 0 6.4 5.4 0 80 3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/'20 3/'21 Ability to develop urban development-type projects and a wealth of customers (tenants) base MITSUI FUDOSAN CO.,LTD 3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/20 3/'21 Wide variety of assets for sale and a variety of potential buyers 19 39.9 3/'11 3/12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/20 3/21 * Figures for FY2017 and earlier exclude operating income in the former segment "Mitsui Home" for rental management. Figures for FY2018 are calculated based on the reclassified segments. Strong asset base in custody and enhanced management service functions

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