Financial Results for FY2018 Q1
(March 1, 2018 - May 31, 2018)

from the beginning

Financial Results for FY2018 Q1 (March 1, 2018 - May 31, 2018)

• Contents(Slide only)

Summary of Financial Results

• Overview of Consolidated Results

• [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: FY2018 New Mall Launches (China)

• [Capturing Asian Growth Opportunities] Overseas: FY2018 New Mall Launches (ASEAN)

• Japan: Specialty Store Sales at Existing 73 Malls

• Japan: Specialty Store Sales at Existing 73 Malls: YoY % Change by Segment(Slide only)

• Japan: Specialty Store Sales at Existing 73 Malls: YoY % Change vs Industry(Slide only)

• [Development of Latent Sources of Domestic Demand] Japan: (1) Promotion of Localization(1)

• [Development of Latent Sources of Domestic Demand] Japan: (1) Promotion of Localization(2)

• [Development of Latent Sources of Domestic Demand] Japan: (1) Promotion of Localization(3)

• [Development of Latent Sources of Domestic Demand] Japan: (1) Promotion of Localization(4)

• [Development of Latent Sources of Domestic Demand] Japan: (2) Happiness Mall

• [Development of Latent Sources of Domestic Demand] Japan: (3) Attraction of Overseas Specialty Stores to Japan

• [Becoming the Overwhelmingly Dominant Mall in Each Region] Japan: Mall Business - FY2018 Existing Mall Renewals(1)

• [Becoming the Overwhelmingly Dominant Mall in Each Region] Japan: Mall Business - FY2018 Existing Mall Renewals(2)

• [Becoming the Overwhelmingly Dominant Mall in Each Region] Japan: Mall Business - FY2018 New Mall Launches(1)

• [Becoming the Overwhelmingly Dominant Mall in Each Region] Japan: Mall Business - FY2018 New Mall Launches(2)

• [Capturing Urban Growth Opportunities] Japan: Urban Shopping Center Business - FY2018 Existing Store Renewals

• [Optimal Financing Mix / Organizational Structures to Support Growth] Issuance of Bond for Individuals

• [Optimal Financing Mix / Organizational Structures to Support Growth] Promotion of Diversity Management

• Summary of Income Statement

• FY2017: Review of Consolidated Results (March 1, 2017 - February 28, 2018): Nominal OP Improvement by Segment

• FY2018 Q1: Review of Consolidated Results (March 1, 2018 - May 31, 2018): Business Performance: Regional/Segmental Analysis

• FY2018 Q1: Review of Consolidated Results (March 1, 2018 - May 31, 2018): Summary of Balance Sheet

• FY2018 Q1: Review of Consolidated Results (March 1, 2018 - May 31, 2018): Summary of Statement of Cash Flows(Slide only)

Consolidated Business Targets and Guidance (FY2018)

• FY2018 Guidance(Slide only)

• Profit Sharing(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(1)(Slide only)

• Vision for 2025(2)(Slide only)

Medium-Term Management Plan (FY2017 to FY2019)

Growth Initiatives

• Growth Initiatives(1)(Slide only)

• Growth Initiatives(2)(Slide only)

Consolidated Business Targets

• Consolidated Business Targets(1)(Slide only)

• Consolidated Business Targets(2)(Slide only)

• Consolidated Business Targets(3)(Slide only)

• Consolidated Business Targets(4)(Slide only)

• Consolidated Business Targets(5)(Slide only)

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(1)(Slide only)

• (1) Capturing Asian Growth Opportunities: Indonesia(2)(Slide only)

Domestic Business

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

• Assessing the Domestic Market(Slide only)

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

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

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

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

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

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

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

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

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

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

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

• (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)

• (5) Optimal Financing Mix / Organizational Structures to Support Growth: III. ESG Initiatives(1)(Slide only)

• (5) Optimal Financing Mix / Organizational Structures to Support Growth: III. ESG Initiatives(2)(Slide only)