Analyst Meeting Presentation Year Ended March 31, 2017 May 15, - PowerPoint PPT Presentation

Analyst Meeting Presentation Year Ended March 31, 2017 May 15, 2017 www.mitsuifudosan.co.jp

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Be a leader that creates markets and grows continuously in Japan 目指す姿 Vision and secure a solid position globally Customer-centered management Create value by executing these three strategies Basic Business model Full implementation of Strategies innovation Group management Further strengthen the competitiveness Dramatic growth ① ② of our domestic business in overseas business Combine our strengths with those Evolve from a real estate solutions partner of partners to build a highly stable portfolio to a business and lifestyle solutions partner with abundant growth potential Strengthen the competitiveness 1. 5. Create neighborhoods of the housing business Expand the hotel and Evolve 2. 6. resort business the office building business 8 Growth Strategies Further develop the retail Implement a model for joint 3. 7. facility business value creation with investors Dramatic growth in the Expand the logistics facility 4. 8. overseas business business 1 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Progress in Achieving Targets （１）Profit Plan FY2017 (Billions of yen) FY2015 FY2016 FY2017 300.0 (Mid-term Business Plan) (Actual) (Actual) (Estimates as of May 2017) 245.0 245.0 or higher 232.6 250.0 202.4 200.0 140.0 150.0 131.8 130.0 or higher 117.7 100.0 50.0 0.0 Operating Income Profit Attributable to Owners of Parent 124.1 billion 135.7 billion 135.0 billion 133.0 billion Leasing 44.5 billion 65.2 billion 82.0 billion 65.0 billion Property Sales 52.4 billion 53.8 billion 52.0 billion 52.0 billion Management (18.6 billion ) (22.2 billion ) (24.0 billion ) ( 5.0 billion) Others 202.4 billion 232.6 billion 245.0 billion 245.0 billion Operating Income or higher 130.0 billion Profit Attributable 117.7 billion 131.8 billion 140.0 billion to Owners of Parent or higher 30.0 billion 14.0 billions 15.9 billions - *Overseas Income or higher (Overseas Income= Overseas operating income + equity in earnings of overseas affiliates) 3 Core Business OP and Profit attributable to owners of parent were achieved 1 year ahead of schedule. 2 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Progress of in Achieving Targets （２）Investment Plan (Billions of Yen) FY2015 FY2016 FY2017 Mid-term Business Plan 3YearTotals （Actual） (Actual) (Estimate) (FY2015-FY2017 three-year totals) Domestic capital 550 billion 170 billion 130 billion 230 billion 530 billion expenditures Overseas capital 550 billion 150 billion 140 billion 280 billion 570 billion expenditures Real property for 1,300 billion 420 billion 440 billion 430 billion 1,290 billion sales (domestic) 2,400 billion Total 740 billion 710 billion 940 billion 2,390 billion （３）Other Benchmarks FY2015 FY2016 FY2017 Mid-term Business Plan (FY2015-FY2017 three-year totals) （Actual） (Actual) (Estimate) Approx. 5% ROA 4.1% 4.6% － Approx. 1.3 D/E ratio 1.16 1.15 － (Reference) 6.2％ 6.7％ － Approx. 7% ROE 3 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Create neighborhoods Hibiya Project Completion/Jan.2018 Total Floor Space/≈189,000㎡ Main Use/Office,Retail,Culture facilities,etc. Nihonbashi 2 nd District Redevelopment Project Completion/Jun.2018 Total Floor Space/≈143,400㎡ Main Use/Office,Retail,etc. 4 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Evolve the office building business The Nihonbashi Life Science Venture Co-creation Business innovation Promotion Project ➢LINK-J /Life Science Innovation Network JAPAN founded in March 2016 About 350 events sponsored by LINK-J ➢member of 31VENTURES approx. 350 ➢accelerate the integration of Life Science related companies Startup Companies 12% Companies, Individuals 88% ➢31VENTURES Global Innovation Fund Investment results 9 venture companies in domestic and oversea ➢Strategic LP Investment Investment results 8 venture capital funds ※LINK-J website 5 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Evolve the office building business Multi-Site Shared Offices for Corporate Clients WORK STYLING Project WORKSTYLING Shinagawa WORKSTYLING yaesu WORKSTYLING Sinjuku ➢ 10 bases have been established mainly in Tokyo metropolitan area WORKSTYLING Osaki WORKSTYLING Shibuya WORKSTYLING Kasumigaseki Expected to expand its base locations ✔Limited to Corporate Clients to approx. 30 during fiscal 2017 Charges per 10-minutes, billing monthly for total time used by each corporate client. in the major cities of Japan. Integrated management of use through a dedicated web app easily enables to manage employee attendance records. ✔High-quality Security System ✔User Experience Availability of various type of work spaces (ex. Open space, meeting room, private room, etc.) A dedicated web app supports searches and reservations for private rooms or meeting rooms at all bases available. Providing a service lending business support tools such as TV conference system. 6 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Further develop the retail facility business 2 Retail Facilities Opened in domestic and oversea 【 Analysis of Leasing Segment Revenue 】 (billions yen) 600.0 LaLaport SHONAN HIRATSUKA (opened in Oct.2016) Retail facilities Office Buildings 500.0 400.0 300.0 200.0 100.0 0.0 3/04 3/05 3/06 3/07 3/08 3/09 3/10 3/11 3/12 3/13 3/14 3/15 3/16 3/17 【Major New Projects】 FY Rentable Project name Location opened Floor Space MITSUI OUTLET PARK JAZZ Kuwana,Mie ≈ 6,200㎡ DREAM NAGASHIMA(5 th stage) 2017 MITSUI OUTLET PARK KLIA Mitsui Outlet Park LINKOU (opened in Jan.2016) Selangor,Malaysia ≈ 9,900㎡ SEPANG(2 nd stage) LaLaport NAGOYA KOMEI Nagoya,Aichi ≈ 59,500㎡ 2018 MITSUI OUTLET PARK Taichung ≈ 35,000㎡ TAICHUNG PORT City,Taiwan Pudong Jinqiao, 2020 LaLaport SHANGHAI JINQIAO ≈ 60,000㎡ Shanghai LaLaport Kuala Lumpur ≈ 80,000㎡ Kuala Rumpor,Malaysia MITSUI OUTLET PARK KLIA Selangor,Malaysia ≈ 9,900㎡ 2021 SEPANG(3 rd stage) Lalaport NANGANG TaipeiCity,Taiwan ≈ 70,000㎡ Retail Facility Developmernt in Aichigun,Aichi TBD Togocho,Aichi TBD Miyashita Park Project Shibuya-ku,Tokyo TBD *Each FY opened and store floor space may change in the future. *Some project names are tentative. 7 Mitsui Fudosan Analyst Meeting Presentation

Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” Expand the logistics facility business, Implement a model for joint value creation with investors Steady Increase in AUM/Contribute to Establishment investment market growth of Mitsui Fudosan Logistics Park Inc. Approx.,2.05 【5 REITs* AUM Trend *sponsored by Mitsui Fudosan】 trillions yen (billions yen) ➢Listing Date: August 2, 2016 2,000.0 ➢AUM 75.5 billions yen/ ９ Facilities 1,500.0 1,000.0 【New Projects of Logistics Facilities】 500.0 FY Total Floor Project Name Share Location Completed Space 0.0 Acquired in MFLP Yokohama Daikoku sold Yokohama,Kanagawa ≈ 131,800㎡ 03/2013 03/2014 03/2015 03/2016 03/2017 2013 GLP・MFLP Ichikawa MitsuiFudosan Private REIT,inc. sold Ichikawa,Chiba 122,000㎡ ≈ Shiohama MitsuiFudosan Logistics Park,Inc. 2013 MFLP Yashio sold Yashio,Saitama ≈ 41,900㎡ Nippon Accommodations Fund MFIP Inzai 80% Inzai,Chiba ≈ 45,800㎡ Frontier Real Estate Investment Corporation MFLP Kuki sold Kuki,Saitama ≈ 74,500㎡ Nippon Buiding Fund MFLP Sakai 80% Sakai,Osaka ≈ 133,300㎡ 2014 MFLP Funabashi Nishiura sold Funabashi,Chiba ≈ 31,000㎡ 【Inventory of Property for sales to Investors】 MFLP Atsugi sold Aiko-gun,Kanagawa ≈ 43,000㎡ MFLP Hino 100% Hino,Tokyo ≈ 213,400㎡ 2015 MFLP Kashiwa sold Kashiwa,Chiba ≈ 31,400㎡ Office buildings MFLP FunabashiⅠ 100% Funabashi,Chiba ≈ 198,000㎡ in operation Inventory Assets MFLP FukuokaⅠ 100% Kasuya,Fukuoka 32,400㎡ 20% ≈ 2016 873.5 Planned & under MFLP Hiratsuka 100% Hiratsuka,Kanagawa 33,200㎡ ≈ development MFLP Komaki 100% Komaki,Aichi 42,500㎡ ≈ 45% Retail facilities in MFLP Inazawa 100% Inazawa,Aichi 74,300㎡ ≈ operation billions yen 2017 MFLP Ibaraki 100% Ibaraki,Osaka 241,900㎡ ≈ 14% (YoY+172.2billions yen) MFLP AtsugiⅡ 100% Isehara,Kanagawa 54,000㎡ ≈ Logistics MFLP HiratsukaⅡ 100% Hiratsuka,Kanagawa 43,400㎡ ≈ facilities in 2018 MFLP Prologis Park Jointly operation owend Kawagoe,Saitama ≈ 130,800㎡ 8% Kawagoe Rental housing Overseas rental properties 2021 Tokyo Rail Gate EAST ML Shinagawa,Tokyo ≈ 161,000㎡ properties in in operation 8% operation 6% Each FY completed and total floor space may change in the future. Some project names are tentative. 8 Mitsui Fudosan Analyst Meeting Presentation