Investor Presentaiton

Real estate business in wholesale business Achievements to date Capture value chain business by BK-TB-SC collaboration having business and financial strategy discussion as the starting point Real estate-related revenue 1 Furthermore strengthening in real estate business Utilize LS' risk taking capabilities and deepen the value chain E.g. of deals: Liquidation deal of buildings held by clients 3 Equity financing from LS FY19 FY20 FY21 Real estate- related revenue 23% increase (Compared to FY19) 1 Business and financial strategy discussion 2 Asset liquidation by TB 4 Finance arrangement by BK/TB Sell-side sale acquisition Buy-side BK TB Business and financial strategy discussion Mizuho Realty One TB 2 Brokerage, consulting, fund origination, and liquidation BK TB Real estate financing Real estate finance outstanding balance² Mar-20 = 100 131 116 100 Mar-20 Mar-21 Mar-22 Approx. 97% Asset management/ REIT LS ③ Real estate leasing, development investment and other Investment Grade ratio (Compared to Mar-22) ■Strengthening distribution SC ECM, DCM, M&A Expand business areas by collaborating with NSKRE³ Expanding the range of investors for appropriate asset control Develop products having investors as a starting point 1. Management accounting basis. 2. CIC management basis. Non-recourse loans + REIT loans. 3. Nippon Steel Kowa Real Estate Co., Ltd. MIZUHO 74

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