Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Items Omitted from Paper-Based Documents to be Delivered for Noticeof Convocation of the 90th Ordinary General Meeting of Shareholders
Overview of the Corporate Group
Status of Assets and Profit and Loss
Principal Business Locations
Major Lenders and Borrowing Amounts
Matters regarding Share Option of the Company, etc.
Matters regarding Independent Auditor
Basic Policy on the Control of the CompanySystems for Ensuring Appropriateness of Business Operations and its Operational Status(April 1, 2022 - March 31, 2023)

Based on laws and regulations and Article 16 of the Articles of Incorporation of the Company, the aforementioned
items are omitted in the paper-based documents (items for which the measures for providing information inelectronic format will be taken) to be delivered to shareholders who requested the delivery of paper-based
documents.

Sumitomo Realty & Development Co., Ltd.

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Overview of the Corporate Group
Status of Assets and Profit and Loss

Fiscal year ended
March 31, 2020

ItemRevenue from operations
Operating income
Ordinary profit
Profit attributable to owners ofparent
Earnings per share (yen)Total assets
Total net assets
Net assets per share (yen)1,013,512
234,332
220,520(In million yen, unless otherwise specified)Fiscal year ended
Fiscal year ended Fiscal year ended
March 31, 2023
March 31, 2021
March 31, 2022 (Fiscal year underreview)939,904
917,472
939,430
241,274
219,244
233,882
236,651
209,949
225,115140,997

141,389

150,452

161,925

297.505,317,623
1,294,998
2,732.41

298.33
5,673,666
1,503,021
3,171.34

317.455,806,040
1,634,049
3,447.81

341.66
6,365,436
1,799,372
3,796.64

Note: Figures have been rounded down to the nearest million yen. Earnings per share and net assets per share have beenrounded to the nearest second decimal place.

Principal Business Locations (as of March 31, 2023)(1)

Sumitomo Realty & Development Co., Ltd.
Head Office: 4-1, Nishi-shinjuku 2-chome, Shinjuku-ku, Tokyo
Branch:Kansai Office (Osaka City)(2)

Major subsidiaries
Name

Head Office

Sumitomo Real Estate Sales Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Tatemono Service Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Syscon Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Villa Fontaine Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Bellesalle Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Retail Management Co., Ltd.

Shinjuku-ku, Tokyo

Sumitomo Fudosan Esforta Co., Ltd.

Shinjuku-ku, Tokyo

Major Lenders and Borrowing Amounts (as of March 31, 2023)(Million yen)
LenderBorrowing amount
Sumitomo Mitsui Banking Corporation
699,230
MUFG Bank, Ltd.
482,000
Mizuho Bank, Ltd.
355,000
Sumitomo Mitsui Trust Bank, Limited
349,735
Development Bank of Japan Inc.
137,846
Note: Indicated amounts have been rounded down to the nearest million yen.

Matters regarding Share Option of the Company, etc.
Not applicable.
-2-Matters regarding Independent Auditor
Name:
KPMG AZSA LLC
Amount of Compensation, etc.:(Million yen)
Total amount of monetary compensation or other property benefits to be paid by the Company
212
and its subsidiaries
Amount of compensation, etc. to be paid by the Company
148
Notes: 1. The audit contract between the Company and the independent auditor does not separate thecompensation for audits pursuant to the Companies Act from the compensation for audits pursuant to theFinancial Instruments and Exchange Act, and it is not possible to make a practical differentiation
between them. Accordingly, the amount of compensation, etc. to be paid by the Company is the total ofthese amounts.
2. The Board of Corporate Auditors decides to consent to the amount of compensation, etc. of theindependent auditor, after having performed the necessary verification with respect to theappropriateness of the content of the independent auditor’s audit plan, the status of performance ofaccounting audit duties, and the basis for the calculation of the estimated compensation.
Details of Non-auditing Services
The Company entrusts the independent auditor with the “preparation of comfort letters related to issuance ofstraight bonds,” which is a service other than those stipulated in Article 2, paragraph (1) of the Certified Public
Accountants Act (non-auditing services), and pays compensation thereto.
Policy regarding Decision for Dismissal or Non-reappointment
In addition to the dismissal of the independent auditor by the Board of Corporate Auditors pursuant to Article 340of the Companies Act, in cases where it is recognized that it would be difficult for the independent auditor toexecute their duties appropriately, the Board of Corporate Auditors proposes the shareholders’ meeting that theindependent auditor be dismissed or not be reappointed.

Basic Policy on the Control of the CompanyRegarding the basic policy on the control of the Company and initiatives to ensure it, and the policy on measures toa large-scale purchase of shares of the Company and the Board’s stance to it, they were adopted as “The Policy onLarge-Scale Purchase of Shares of the Company (Takeover Defense Measures)” (hereinafter referred to as the“Policy”) based on the decision of the meeting of the Board of Directors dated May 17, 2007. Subsequently, it wascontinued or renewed upon receiving approval from shareholders at each of the 74th ordinary general meetings ofshareholders dated June 28, 2007, the 77th ordinary general meetings of shareholders dated June 29, 2010, the 80th
ordinary general meetings of shareholders dated June 27, 2013, the 83rd ordinary general meetings of shareholders
dated June 29, 2016, the 86th ordinary general meetings of shareholders dated June 27, 2019, and the 89th ordinary
general meetings of shareholders dated June 29, 2022. The term of the Policy will expire upon the conclusion of the92nd ordinary general meeting of shareholders scheduled to be held in June 2025.
The Policy sets out rules on Large-Scale Purchases (hereinafter referred to as “Large-Scale Purchase Rules”) andrequests the Large-Scale Purchaser to comply with the Large-Scale Purchase Rules. The Large-Scale Purchase Rules
state that the Large-Scale Purchaser provides the Board of Directors necessary and sufficient information regarding
the Large-Scale Purchase in advance, and commence the Large-Scale Purchase after a certain period of evaluationby the Board of Directors has elapsed. The Board of Directors shall take countermeasures that it deems necessary if
the Large-Scale Purchaser does not comply with the Large-Scale Purchase Rules, or even though the Large-ScalePurchaser complies with the Large-Scale Purchase Rules, if it is clear that the Large-Scale Purchase will cause
unrecoverable damages to the Company or if the Large-Scale Purchase significantly damages the corporate value
and common interests of shareholders. The Board of Directors shall consult with a Special Committee consisting ofoutside directors, outside corporate auditors, persons with corporate management experience, lawyers, certified
public accountants, etc., and take such recommendation to the fullest account, when judging whether or not the Large-3-

Scale Purchaser complies with the Large-Scale Purchase Rules, whether or not it is clear that the Large-Scale
Purchase will cause unrecoverable damages to the Company, whether or not the Large-Scale Purchase will
significantly damage the corporate value and common interests of shareholders, and whether or not countermeasures
should be taken.
As stated above, the Policy stipulates rules to secure the necessary information and time for shareholders to deliberateon the Large-Scale Purchase, as well as countermeasures if the Large-Scale Purchaser does not comply with theLarge-Scale Purchase Rules or if it is clear that the Large-Scale Purchase will cause unrecoverable damages to theCompany. The purpose of the Policy is not to maintain the status of the Company’s officers but to contribute to theCompany’s corporate value and the common interests of its shareholders.

Systems for Ensuring Appropriateness of Business Operations and its Operational Status
Systems for Ensuring Appropriateness of Business Operations
Basic Policy
Based on Sumitomo’s Business Philosophy and Management Philosophy, the Company and its subsidiaries(hereinafter referred to as the “Group”) practice “Sustainability Management” under the slogan of “Integrity andInnovation” with fundamental mission of “Creating even better social assets for the next generation.” In conducting
its business activities, it follows the Code of Conduct established as guidelines to govern all its officers and employees
in order to maximize the Group’s corporate value.
Furthermore, the Company considers that establishment of internal control systems is one of the importantmanagement issues concerning the improvement of corporate value and sustainable development of the Group as awhole. With regard to the matters listed below, the Company shall establish systems in which roles andresponsibilities of the Group’s directors, executive officers (hereinafter, directors and executive officers arecollectively referred to as “directors, etc.”), and employees are clarified, and through operation and appropriate
review of such systems, the Company shall strive to establish appropriate systems for governance of the Group.
(1) Systems for ensuring that the execution of duties of the Group’s directors, etc. and employees complies
with laws and regulations and with the Articles of Incorporation
Based on laws and regulations as well as the Articles of Incorporation, the Company has established a general
meeting of shareholders, Board of Directors, corporate auditors, Board of Corporate Auditors, and independentauditors, as an organization of the Company. In addition, multiple independent outside directors and outside
corporate auditors are appointed and entrusted with the business management supervision function. In order tostrengthen this function, we also (i) hold briefings for outside directors in which they are briefed on the agendas
for the Board of Directors meetings, the content of discussions of the Executive Committee, and other issues,
and we have (ii) established a Committee of Outside Directors and Auditors with only outside directors andoutside corporate auditors as members. The Committee of Outside Directors and Auditors conducts interviews
with individual directors, etc. and gives appropriate advice about the execution status of their duties, as well asissues they recognize. In the event of a whistleblowing report toward directors, etc., outside corporate auditors
receive the report directly from the internal reporting desks that received the whistleblowing and share theinformation within the Committee of Outside Directors and Auditors.
The Board of Directors discusses and votes on necessary issues based on Board of Directors rules that complywith laws and regulations. The representative directors and executive directors report on business to the Boardof Directors. In addition, important management issues are discussed at meetings of the Executive Committee
based on our organizational rules, and policies regarding such issues are determined. Furthermore, to enhanceand strengthen the Group’s internal control, the Company has established a Sustainability Committee based on
its Sustainability Committee rules. The Sustainability Committee is chaired by the Company’s president, andsupervises the Group. In order to ensure the effectiveness of this committee, the following three subordinate
organizations have been established: (i) BCP Council (chairman: Head of Corporate Planning Division,
administrative office: Administration Department), (ii) Internal Control Meeting (chairman: Head of CorporatePlanning Division, administrative office: Internal Audit Department), and (iii) Sustainability Promotion Council(chairman: Head of Corporate Planning Division, administrative office: Corporate Planning Department). Duties
to monitor the status of risk response in the Group are divided among the above organizations.
Further, the Internal Audit Department, which reports directly to the President, performs internal audits of theGroup, and several contacts for whistleblowing are established within and outside the Company in order to detectand prevent any misconduct or illegal acts.
-4-(2) Systems for retention and management of information concerning the execution of duties of theCompany’s directors, etc.
Minutes of meetings of the Board of Directors of the Company, requests for managerial decision and otherdocuments (including electromagnetic records) are prepared, and these documents are retained and managed by
the respective responsible departments in accordance with the Criteria for Document Retention Periods and theInformation Management Rules.
(3) Rules and other systems related to management of risks of losses of the Group
Among the risks of the Group, the risks associated with the business, such as investment risk and market risk,
are monitored and addressed by the respective departments and subsidiaries properly, and important issues arediscussed and determined at meetings of the Board of Directors and the Executive Committee.
In order to address risks of large-scale disasters, etc. affecting business continuity of the Group, the BCP
Council—a subordinate organization of the Sustainability Committee—determines specific policies to manage
BCP measures for the Group and monitors the status of such management. The results are then reported to theSustainability Committee at the discretion of the Sustainability Committee chairman.
In addition, the Internal Control Meeting—a subordinate organization of the Sustainability Committee—
monitors compliance promotion status of the Group, and then reports the result to the Sustainability Committee
at the discretion of the Sustainability Committee chairman.
Furthermore, in order to address issues and risks greatly affecting corporate activities of the Group, including
environmental problems, climate change, and human capital problems, the Sustainability Promotion Council—
a subordinate organization of the Sustainability Committee—determines the Group’s policies for implementing
environmental preservation activities, responding to climate change risks, and addressing human capital
problems, and monitors their status. The results are then reported to the Sustainability Committee at the discretionof the Sustainability Committee chairman.
(4) Systems for ensuring that the execution of duties of the Group’s directors, etc. is performed efficiently
The Group’s directors direct and supervise business operations of the respective departments and subsidiaries inaccordance with the Company’s management plan formulated by the Board of Directors. In addition, executiveofficers appointed by the Board of Directors are entrusted with important duties, such as those of division heads,
general managers, and subsidiary presidents, and handle business execution.
Furthermore, to achieve the Company’s management plans, the Company establishes the headquarters and othernecessary organizations based on its organizational rules, and determines the authorization of the person in chargeof each organization based on the Company’s approval criteria, and thereby ensures a system enabling efficient
execution of the Company’s business.
(5) Systems for ensuring appropriateness of business operations of the corporate group consisting of theGroup and systems related to reporting of matters concerning the execution of duties to the Company
For a subsidiary to make decisions for important management issues, we have established systems, under which
the issues are discussed and their policies are determined at meetings of the Company’s Board of Directors,
meetings of the Executive Committee, and other important meetings. In addition, the Company periodicallyreceives reports from its subsidiaries on the execution of duties, such as the status of business execution andfinancial conditions, and provides advice and guidance concerning business operations properly, depending on
the nature of the matter in question.
Moreover, the Company’s corporate auditors and the Company’s Internal Audit Department audit its subsidiaries,
as necessary.
(6) Matters related to employees, in cases where the Company’s corporate auditors request the appointmentof the employees to assist them with their duties
Persons with concurrent positions are appointed as administrative office staff for the Board of Corporate Auditors.
When the Company’s corporate auditors make a request for an employee to assist them with their auditing work,
the Company will actively cooperate. In this case, the employee assisting with the auditing work will receive
direct instructions from the Company’s corporate auditors and will not be subject to any command and order ofdirectors or other employees.

-5-(7) Systems for reporting to the Company’s corporate auditors by the Group’s directors, etc. and employees
or by persons who received reports from such persons and other systems related to reporting to theCompany’s corporate auditors
In cases where directors, etc. or other employees of the Company, directors, etc., corporate auditors, or employees
of a subsidiary, or persons who receive a report from the above persons report to the Company’s corporate
auditors or receive a request to report to the corporate auditors, those persons must report promptly. In addition,
the Internal Audit Department, which reports directly to the president, monitors that the reporter does not sufferfrom any disadvantage as a result of reporting to the Company’s corporate auditors. If such case is identified, it
is reported to the Board of Corporate Auditors by the Internal Audit Department.
Moreover, the independent auditor and the Company’s Internal Audit Department shall report to the Company’s
corporate auditors concerning the audit status properly.
(8) Particulars related to policies concerning the procedures for advance payment or reimbursement ofexpenses that arise with regard to the execution of duties of the Company’s corporate auditors or any
other processing of expenses or obligations that arise with regard to the execution of duties
When, concerning the execution of duties, a corporate auditor of the Company requests advance payment orreimbursement, etc. of expenses in accordance with the Companies Act, the Company shall process such
expenses or obligations, excluding any cases deemed unnecessary for the execution of duties of the said corporate
auditor.
(9) Other systems for ensuring that audits by the Company’s corporate auditors are performed effectively
Opportunities are ensured for the Company’s corporate auditors to attend meetings of the Board of Directors andother important meetings so that they can comprehend the Group’s important issues, etc., and state opinions asnecessary.
Overview of Operational Status of Systems for Ensuring Appropriateness of Business Operations(1) The Company’s Administration Department held four meetings of the BCP Council to monitor the status of themanagement of business continuity planning (BCP) in the Group.
(2) The Company’s Internal Audit Department held 22 meetings of the Internal Control Meeting to monitor
compliance promotion activities in the Group.
(3) The Company’s Corporate Planning Department held four meetings of the Sustainability Promotion Council tomonitor the status of human rights risks in the supply chain, and other issues including response to human capitalissues.
(4) In order to ensure appropriate audits, the corporate auditors conduct, in addition to their regular audit duties,
regular interviews with executive management and the officers responsible for each department, and carry out
visiting audits of operational sites and the Group’s various offices. In addition, the corporate auditors attend BCPCouncil, Internal Control Meeting, and Sustainability Promotion Council, as well as collaborate with the Internal
Audit Department and the independent auditor to accurately grasp the actual situation of the Group throughauditing the execution of duties by directors and employees through monitoring the status of internal control.

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