Dear Shareholders

I would like to thank you for your continued support.

Since our establishment in 1986, we at Meiwa Estate Group have provided safe and secure housing. We have built an integrated system of production, sales, and management, and through providing housing that emphasizes comfort and quality management services, we have expanded our business. The expected role of housing that serves as the basis of our lives is changing along with social transformations. In response to this change, we are working to create new value for housing to accommodate changes in customers’ living styles, and at the same time, building up our real estate distribution business comprising preowned condominium brokerage, purchase and resale, and renovation operations that contribute to the circulation of social capital.

We understand that to achieve sustainable growth, we need to grow earnings through the three pillars of real estate sales, distribution, and management businesses, and pioneer new business areas. Based on this belief, we have formulated a five-year medium-term management plan with the basic policies calling for “reinforcement of core businesses and entry into new fields,” “increase in shareholder returns,” and “engagement in business activities that are mindful of the SDGs,” and as a group, we are striving to achieve the targets set forth in the medium-term plan.

Society’s demands for corporate activities are diversifying amid changes in social conditions and the natural environment, as well as rapid progress in digitalization. Against a backdrop of increasing importance of activities aimed at realizing a sustainable society, we have taken concrete steps, including announcing our Basic Sustainability Policy in June 2022 and endorsing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in August. Work is also underway to shore up systems to ensure that we continue these activities.

With an eye toward the future, we at the Meiwa Estate Group will collaborate with all our stakeholders—customers, business partners, shareholders, employees, and local communities—to continuously increase corporate value and return the fruits of our business endeavors to stakeholders, with the aim of becoming the “Company of Choice.”

I sincerely ask for your continued support going forward.