CONTENTS CO-CREATION MANAGEMENT REPORT 2021

26 IMPACT TARGET 01 

Creating a Future for Future Generations Together

28 DIALOGUE 02: Shaping a Better Future for Future Generations
Saori Iwano, Third-Year High School Student and Member of Fridays For Future Japan, and Peter David Pedersen, Representative Director,
Next Leaders’ Initiative for Sustainability; External Director, MARUI GROUP CO., LTD.

34 Creating a Future for Future Generations Together

This is MARUI GROUP’s­declaration ofits quest to co-createpositive impacts
with younger andfuture generations.

36 Contributions to a Decarbonized Society / Fostering of a Circular Culture

40 IMPACT TARGET 02 Creating Happiness for Individuals

42 DIALOGUE 03: Supporting Everyone’s Happiness and Self-Expression
Prominent Members of Younger Generations Representing Niche Interests and Yasunori Nakagami, Representative Director and CEO,Misaki Capital Inc.; External Director, MARUI GROUP CO., LTD.

48 Creating Happiness for Individuals
50 Support for Pursuing Interests
56 Vegan Baking with 8ablish
58 Assistance for Achieving Self-Actualization
60 DIALOGUE 04: New Businesses Born Out of Ideas from Younger Generations
Student Entrepreneurs and Yusuke Mizuno, Representative Director and CEO, Life is Tech, Inc.

64 DIALOGUE 05: Tell Us What You Love
Students of Nitobe Bunka Gakuen and Yusuke Yamauchi, Chief Crew Member, VIVISTOP NITOBE

04 Message from the President
Hiroshi Aoi, President and Representative Director,
MARUI GROUP CO., LTD.

68 IMPACT TARGET 03 

Creating Platforms for Co-Creation

70 DIALOGUE 06: Co-Creative Teams Inspiring Industry
MARUI GROUP Co-Creative Team Members and Etsuko Okajima, President & CEO, ProNova Inc.; External Director, MARUI GROUP CO., LTD.

12 DIALOGUE 01:

Individual Empowerment74 Creating Platforms for Co-Creation
76 Acceleration of Co-Creation Platforms

Yuta Tsuruoka, CEO and Senior Executive Officer, BASE, Inc.;
Hiroshi Aoi, President and Representative Director,
MARUI GROUP CO., LTD.

18 Our Impact
20 What Is Our Impact?
22 Why Focus on Future Generations?
24 MARUI GROUP’s Direction

82 Business Model Integrating Retailing, FinTech, and112 Ratings, Awards, and Recognition

Positive Impact

114 Overview of MARUI GROUP

86 Three Impacts, One Commitment
Determining one’s goals, charting a path toward

116 AOI SCHOLARSHIP FOUNDATION
117 D IALOGUE 08:

Masayoshi Suzuki, Executive Vice President,

 upport for the Future Granted byS
the AOI SCHOLARSHIP FOUNDATIONBORDERLESS JAPAN CORPORATION

Former AOI SCHOLARSHIP FOUNDATION Scholarship Recipient andaccomplishing three impact targets

88 MARUI GROUP’s Governance Focused onSix Stakeholder Groups
94 D IALOGUE 07:

Broadening Scope of Well-being Activities
Akira Sato, Co-Founder and Representative Partner, Value Create
Inc., and Reiko Kojima, Director, Executive Officer, and CWO

98 Our Favorites

02106 Officer Skill Matrix

Forward-Looking Investments for Achieving

Current AOI SCHOLARSHIP FOUNDATION Scholarship Recipients

120 Message from the CFO / Investor Relations Information
121 MARUI GROUP Media Sources
122 Editorial Policy
Cautionary Notice regarding Forward-Looking Statements
Performance forecasts and other forward-looking statements contained in this report represent the Group’s best
judgments based on information available at the time of this report’s publication and therefore contain a degreeof uncertainty. It is possible that actual performance could differ materially from these forecasts due to a varietyof factors. Economic conditions, foreign exchange rates, and stock price movements are among the factors that
could have a major impact on performance.

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