Mitsubishi UFJ Financial Group, Inc. (MUFG)
MUFG Bank, Ltd.

MUFG to Establish Innovation Center in Osaka
Tokyo, September 3, 2020 --- MUFG and MUFG Bank today announced theestablishment of a membership-based innovation center (“the facility”) with the aim ofcontributing to the revitalization of the economies of Osaka and the Kansai region bysolving tourism industry issues through accelerating innovation.
1. Overview of the facility
Objective
Membership-based innovation center for tourism industry
Planned
3-6-3 Fushimimachi, Chuo-ku, Osaka-shi, Osaka, JapanLocation(1F-2F, Osaka Building, Mitsubishi UFJ Trust and BankingCorporation)
Facility area
About 1,000 m2
Opening dateAround February 2021
(tentative)
Operator
A foundation (name to be determined) established and operated
by MUFG and MUFG Bank
2. Background and objective
In recent years, as society and the economy undergo significant transformation, efforts
to make innovations in industry, government, and academic fields have been intensifying.
MUFG has been working to support the growth of new industries in order to contribute to
the growth of startups. As an extension of those activities, MUFG has decided to establish
the facility and contribute to solving social issues by utilizing the facility as a foundation
for the innovation-based development of industries and new technologies.
In its national strategy, the Japanese government positions the tourism industry, the focusof the facility, as one industry key to the revitalization of regional economies. However,since this is an industry with a wide range of companies involved, digitization ortransformation of business models will not be easy. There are multiple issues that must
be solved within the industry. Furthermore, it has been severely damaged by the spreadof COVID-19, making efforts for early recovery essential.
The facility is located in Osaka, one of the most popular sites for Japanese and foreign
tourists, and where the Japan Expo is scheduled to be held in 2025. The facility will bedesigned to contribute to accelerating innovation in tourism and revitalizing theeconomies of Osaka and the Kansai region by working with members to create new
businesses and services. This will be accomplished by providing a place for co-creation
1between startups, large companies, government/DMO[1]s, and academia[2] who share acommon ambition to solve underlying issues within the tourism industry.
[1] DMO: Destination Management/Marketing Organization[2] Academia: Universities and other educational, research institutions and academic organizations- End About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financialgroups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global
network with over 2,700 locations in more than 50 countries. The Group has over 180,000
employees and offers services including commercial banking, trust banking, securities,credit cards, consumer finance, asset management, and leasing. The Group aims to “bethe world’s most trusted financial group” through close collaboration among our operatingcompanies and flexibly respond to all of the financial needs of our customers, serving
society, and fostering shared and sustainable growth for a better world. MUFG’s shares
trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/english.

2Appendix
Member companies (planned)- Iwatani Corporation- Osaka Metro Co., Ltd.
- Obayashi Corporation- ORIX Corporation- The Kansai Electric Power Co., Inc.
- Kintetsu Group Holdings Co., Ltd.
- KUBOTA Corporation- SUNTORY HOLDINGS LIMITED- DAIKIN INDUSTRIES, LTD.
Partner groups/companies (planned)- Kansai Economic Federation- KANSAI Tourism Bureau
-Nankai Electric Railway Co., Ltd.
West Japan Railway Company
Hankyu Hanshin Holdings, Inc.
MITSUBISHI ESTATE CO., LTD.
Mitsubishi Research Institute, Inc.
The Midori Kai Co., Ltd.
EY Japan Co., Ltd.
PwC Japan Group-Mitou Foundation
Plug and Play Japan

We will collaborate with Osaka Prefectural Government, Osaka City Government,
Sakai City Government and Osaka Business Development Agency, based on the"Partnership Agreement for Creation of Startup Ecosystem and Formation of Core
City" dated August 19, 2020.

Vision for the facility’s design

Facility concept3