Financial Results for FY2017
(March 1, 2017 – February 28, 2018)

from the beginning

Financial Results for FY2017(March 1, 2017 - February 28, 2018)

• Contents(Slide only)

Summary of Financial Results

• Overview of Consolidated Results

• Profit Sharing

• 【Capturing Asian Growth Opportunities】Overseas: Specialty Store Sales Trends (Existing Malls)

• 【Capturing Asian Growth Opportunities】Overseas: Transitioning to Profitability

• 【Capturing Asian Growth Opportunities】Overseas: Quarterly Business Trends

• 【Capturing Asian Growth Opportunities】Overseas: FY2017 New Mall Launches.1

• 【Capturing Asian Growth Opportunities】Overseas: FY2017 New Mall Launches.2

• Japan: Specialty Store Sales at Existing 72 Malls

• Japan: Specialty Store Sales at Existing 72 Malls: YoY% Change by Segment

• Japan: Specialty Store Sales at Existing 72 Malls: YoY % Change vs Industry

• 【Development of Latent Sources of Domestic Demand】Japan: (1) Happiness Mall

• 【Development of Latent Sources of Domestic Demand】Japan: (2) Initiatives to Enhance Customer Drawing Power

• 【Becoming the Overwhelmingly Dominant Mall in Each Region】Japan: Mall Business - FY2017 Existing Mall Renewals.1

• 【Becoming the Overwhelmingly Dominant Mall in Each Region】Japan: Mall Business - FY2017 Existing Mall Renewals.2

• 【Becoming the Overwhelmingly Dominant Mall in Each Region】Japan: Mall Business - FY2017 New Mall Launches

• 【Capturing Urban Growth Opportunities】Japan: Urban Shopping Center Business - FY2017 New Store Launches

• ESG Initiatives.1

• ESG Initiatives.2

• Summary of Income Statement(Slide only)

• Nominal OP Improvement by Segment

• Business Performance: Regional/Segmental Analysis(Slide only)

• Summary of Balance Sheet(Slide only)

• Summary of Statement of Cash Flows(Slide only)

Attachment(Mall Data)

• List of Malls (1)(Slide only)

• List of Malls (2)(Slide only)

• List of Malls (3)(Slide only)

• Urban Shopping Center Business (OPA Co., Ltd.)(Slide only)

Vision for 2025

• Vision for 2025

• Breakdown of Operating Income/Financial Indicators

Medium-Term Management Plan(FY2017 to FY2019)

Growth Initiatives

• Growth Initiatives.1(Slide only)

• Growth Initiatives.2(Slide only)

Consolidated Business Targets

• Consolidated Results

• Results by Segment

• Number of New Mall Openings and Malls to Be Revitalized

• Capital Investment

• Financing Plans and Investment Breakdown

Overseas Business

• (1) Capturing Asian Growth Opportunities I. Reaping Benefits of Rising Brand Penetration (via Area-Dominant Strategy).1(Slide only)

• (1) Capturing Asian Growth Opportunities I. Reaping Benefits of Rising Brand Penetration (via Area-Dominant Strategy).2(Slide only)

• (1) Capturing Asian Growth Opportunities I. Reaping Benefits of Rising Brand Penetration (via Area-Dominant Strategy).3(Slide only)

• (1) Capturing Asian Growth Opportunities I. Reaping Benefits of Rising Brand Penetration (via Area-Dominant Strategy).4(Slide only)

• (1) Capturing Asian Growth Opportunities II. Development and Management of Superior Malls(Slide only)

• (1) Capturing Asian Growth Opportunities III. Measures to Increase Operating Revenues(Slide only)

• (1) Capturing Asian Growth Opportunities New Mall Openings: Medium-Term Management Plan(Slide only)

• (1) Capturing Asian Growth Opportunities Overseas Business: Operating Income(Slide only)

• (1) Capturing Asian Growth Opportunities Beijing and Tianjin Areas(Slide only)

• (1) Capturing Asian Growth Opportunities Jiangsu and Zhejiang Areas(Slide only)

• (1) Capturing Asian Growth Opportunities Vietnam(Slide only)

• (1) Capturing Asian Growth Opportunities Indonesia(Slide only)

Domestic Business

• SC Industry Comparison with the U.S.(Slide only)

• Assessing the Domestic Market

• (2) Development of Latent Sources of Domestic Demand I. Happiness Mall Project.1

• (2) Development of Latent Sources of Domestic Demand I. Happiness Mall Project.2

• (2) Development of Latent Sources of Domestic Demand I. Happiness Mall Project.3

• (2) Development of Latent Sources of Domestic Demand II. Promotion of Localization

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.1

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.2

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.3

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.4

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.5

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.6

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region I. Floor Expansion and Effective Revitalization Measures.7

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region II. New Mall Openings in Untapped Territory.1

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region II. New Mall Openings in Untapped Territory.2

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region III. Development of New Formats

• (3) Becoming the Overwhelmingly Dominant Mall in Each Region IV. Improvement of ES for Tenants

• (4) Capturing Urban Growth Opportunities I. Establishment of Branding for New OPA(Slide only)

• (5) Optimal Financing Mix / Organizational Structures to Support Growth I. Financing to Support Growth Business Model(Slide only)

• (5) Optimal Financing Mix / Organizational Structures to Support Growth II. Promotion of Diversity Management(Slide only)

Business Targets and Guidance (Consolidated)

• FY2018 Guidance

• Profit Sharing