Our favoriteS
As of October 1, 2021

H__Hiroshi Aoi

President and Representative Director, Representative Executive Officer
President and Representative Director, okos Co., Ltd.
Director, D2C & Co. Inc.

I love movies, especially comedies. Luckily, 2021 was a good year for comedies. The
pamphlet I hold is from a 2020 Taiwanese movie called My Missing Valentine that wejust got in Japan in 2021. This is a love story about a woman who is a second too early
and a man who is always a second too late. The fun is seeing the relationship develop
between these two people who live in different worlds. This fantastical story takes
place against a beautiful yet nostalgic backdrop, and even includes some scenes
more akin to science fiction. The happy ending exudes a warm feeling of peace andhappiness. I would also like to mention that this movie got me hooked on Douhua, aTaiwanese snack, over the summer. Its subtle taste brings with it a calming feelingof pleasure.

p__Peter David Pedersen

External Director
Professor, Graduate School of Leadership and Innovation, Shizenkan University
Representative Director, Next Leaders’ Initiative for Sustainability

I love things that are based on a cross-generation perspective aimed at enriching
our future, whether these be products, services, businesses, people, or organizations.
I want to support things that can survive and evolve and help create a future that ismore in tune with people. In 1994, I went on an exchange to Schumacher College in
Devon, England. There, I learned from writer and scientist Fritjof Capra about the Gaia
hypothesis, ecology, and the systems theory of life. I also value peace above all else.
It was for this reason that I have devoted my life to ensuring the coexistence and survivability of all living things, including people and especially the future generations,
given their aversion toward conflict. These are areas in which I am incredibly interested. My experience at this school shaped my values and the course I would walkin the future.

H__Hirotsugu Kato

E__Etsuko Okajima

Director, Managing Executive Officer, and CFO
In charge of IR, Finance, Sustainability, and ESG Promotion
Director, MARUI CO., LTD.
Director, tsumiki Co., Ltd.
President and Representative Director, D2C & Co. Inc.
Director, okos Co., Ltd.

External Director
President & CEO, ProNova Inc.
Director, euglena Co., Ltd.

I love the act of co-creation through brainstorming with extraordinary people. I always
carry around a miniature whiteboard that I use to map out diverse viewpoints to help
stimulate innovation. My experience of co-creating with my various colleagues at
Harvard Business School transformed my priorities from maximizing, stabilizing,and knowing to updating, changing, and being. Meanwhile, having a child shifted myfocus from predicting the future to shaping the future. I now view my mission as being
to indulge my obsession with seeking out extraordinary individuals, including thoseamong younger generations, to connect with such individuals, provide them with
opportunities, and engage in co-creation. I also hope to continue to draw out the potential of the MARUI GROUP team so that we can create a more exciting future together.

I have with me my protein shaker, which I have been using at the gym for five years.
This is the longest I have ever managed to keep going to the gym, and I was able toslim down as a result. To be honest, I have signed up for gyms several times in thepast, but I would always quit within a year. This is because I was not very good at introducing myself to the established community that already existed at these gyms, whichmeant I always felt isolated. My current gym assigns me a personal trainer, which, ofcourse, means that I am exercising more effectively. This also means that I do not haveto feel isolated. After working out, my trainer will ice me down and then give me a massage. This is just pure bliss. My workouts are now an inseparable part of my well-being.

R__Reiko Kojima
Y__Yasunori Nakagami

External Director
Representative Director and CEO, Misaki Capital Inc.

My favorite words are “hypothesis” and “playfulness.” Hypotheses entail viewing theworld from different angles and thus serves as a source of motivation for changing thefuture. I feel the most excitement when I am hypothesizing in this manner. Surprisingly,
what I find most important when hypothesizing is a playful approach. Examining
something from a new angle can tend to make one get a little too serious, but thetrick to finding the best ideas is to take a playful approach and search freely. I brought
cuff links with me today. Cuff links are generally used in formal occasions and cansometimes be used for extravagance. However, my favorites are the playful cuff links,
like these beach sandal ones, or these tennis rackets, motorcycles, or triangles. I love
to clip on these cuff links when I hypothesize.

Director, Executive Officer, and CWO (Chief Well-being Officer)
General Manager, Wellbeing Promotion Department
Company Physician

My lifework is calling upon my background as a physician to contribute to the wellbeing of society. At graduate school, I researched how to energize people and organizations. Lately, I have been hooked on media related to China’s Records of the Three
Kingdoms. The highly relatable generals and strategists that appear in these stories
show a level of commitment to their goals that is itself empowering to see. When I feeltired, I pop in a DVD and am rejuvenated with a new passion to proceed and a recognition of how happy I am to have the job of making people happy. People should notleave their values at home when they go to work. Rather, they should find a way to­utilize their strengths and individuality in their work. I hope to help create a more
accommodating society in which this will be possible. Recently, I have been having
more opportunities to meet people outside of MARUI GROUP who share this vision,
giving me a sense that the times are changing and are making me even more committed to my work.
©京東方恒和影視文化有限公司(focused on works from Communication University of China)

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OUR FAVORITES

Y __Yoko Suzuki

Audit & Supervisory Board Member (Full time)

External Audit & Supervisory Board Member
Outside Director and Audit & Supervisory Board Member, Nippon Pigment Co., Ltd.
Member of the Board, Bridgestone Corporation
Auditor, Research Institute of Economy, Trade and Industry
Partner, Suzuki Sogo Law Office

A number of years ago, a gust of wind blew over the planters on my veranda. My rosemary shrub, which was the largest among those plants affected, had its trunk split in
two by the impact. This got me a little down in the dumps. It was my fault for nottaking proper care of the plant. The sprig I have with me is from the rosemary shrub
after I managed to revive it. I have continued to care for this shrub since I bought it as asapling at a gardening store on the Boso Peninsula some 20 years ago, and this rosemary shrub is now among the oldest of the more than 70 plants that can be found bothin and around my house. This plant gives me peace with all the flowers it produceseach year while also helping to spice up my meals. In case you haven’t guessed, myhobby is gardening.

Growing up in the lush nature of Fukuoka City, I have loved the Guri and Gura seriesof books since I was a kid. Wanting to experience the world contained in these books,
I remember asking my mom to make pancakes and then eating these on a picnic. A lotof time has passed since then, and I am now a mom myself. Reading these books withmy children, I am once again moved by seeing the forest creatures happily share theircastella sponge cakes and reuse the shell of a big egg. When making our daily meals,
I try to make sure that I use everything I buy to prevent food loss. Also, like the characters Guri and Gura, I always want to enjoy cooking and the act of eating itself. One of
my hopes in helping build a sustainable society is to ensure that Guri and Gura can beread for generations to come.

H __Hitoshi Kawai

Guri and Gura
Written by Rie Nakagawa, illustrated by Yuriko Omura, published by FUKUINKAN
SHOTEN PUBLISHER INC.

M __Masao Nakamura

Audit & Supervisory Board Member (Full time)

Senior Managing Executive Officer, and CSO (Chief Security Officer)
In charge of Corporate Planning, Real Estate Operations
President and Representative Director, MARUI HOME SERVICE Co., Ltd.
President and Representative Director,
MARUI HOME SERVICE MANAGEMENT Co., Ltd.
Director, Epos Small Amount and Short Term Insurance Co., Ltd.

I lived in Hokkaido for three years when I was still in elementary school. It was during
this time that I first played ice hockey, and I have been in love with the sport ever since.
I even kept playing it as a hobby after joining MARUI GROUP. This is the head gear that
I used to wear back in the day. Ice hockey is an incredibly intense sport, with plays only
lasting about a minute or so. Accordingly, teams are always switching out their members, which means that teamwork is much more important than individual talent. It
was from this sport that I learned the value of cooperation and also gained the spiritof dedication that propels me to get things done. Today, MARUI GROUP is united in
exercising its philosophy of co-creation. I look forward to contributing to these efforts
by calling upon my spirit of dedication and what I learned from ice hockey.

I love sitting in my hammock chair, on my veranda, with the sun glinting throughthe trees. As I rock back and forth, and let my head relax, my imagination springs into
action, and I envision fun plans for the future, sometimes for my work, sometimes formy private life. I love the excitement I feel when lost in my mind. My attitude toward
work may make me seem like a pragmatist, but I actually see myself as a romantic.
I am also an optimist, believing that we can do anything as long as we want it bad
enough. I like it when my job is fun. Of course, I have never worked in a job that wasn’t
fun. Maybe I am just the kind of person who finds fun in everything. Right now, I am
filled with excitement for MARUI GROUP’s efforts to co-create value as we shape a
new future that is not confined by the limits of our common sense.

N __Nariaki Fuset __Takehiko Takagi

External Audit & Supervisory Board Member
Certified Public Tax Accountant

Here is a fountain pen that I have been using for more than two decades. Being stuckat home during the COVID-19 pandemic has given me a chance to reflect on my life.
There is a saying in Japanese that essentially translates to “do what you can and wait
for the heavens to judge.” This sentiment has inspired me to move forward without fear
for what might happen, and I am truly grateful for the environment that has allowed me
to take this approach. I think that acting with sincerity is incredibly important, whether
we are talking about people or about companies. MARUI GROUP shows such sincerity
as it continues to make forward-looking investments based on its co-creation approach,even while feeling the impacts of the pandemic. I too am sincerely committed to helping
the Company achieve its sustainability and well-being goals in my capacity as an
Audit & Supervisory Board member.
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T __Tomoo Ishii

Senior Managing Executive Officer and CHRO (Chief Human Resources Officer)
In charge of General Affairs, Personnel, and Wellness Promotion

People cannot see the future. If you could, you would be some sort of superhuman.
However, if one could see the future, I don’t think it would be any fun. Sure, things
would be easier, but it might actually be depressing for the prophet themselves. The
feelings of joy and excitement we experience are a result of us formulating hypotheses
about uncertain futures and working toward our goals to find success. There is nothing
greater than when your vision for the future matches up with the one of the company
you work at. We may feel a sense of lacking by ourselves, but we can form a strongorganization if we are all aligned toward a single goal. This is the type of organization,
the type of corporate culture, I hope to create. When I think about my future right now,there is a goal that I definitely want to accomplish: Getting beefed up!
101OUR FAVORITES

Y __Yoshinori Saito

A __Akikazu Aida

Managing Executive Officer
In charge of FinTech BusinessPresident and Representative Director, Epos Card Co., Ltd.
Director, MRI Co., Ltd.
Director, tsumiki Co., Ltd.

When I was in my 20s, an older coworker took me to a well-established bar, where I had
my first encounter with single malt whisky, and I have been a fan of whisky ever since.
The greatest appeal of single malt is the sense of individuality each brand has. The distillery and the number of years of distillation give each whisky its own, clearly defined
personality, characterized by differing colors, fragrances, and tastes. The COVID-19
pandemic has limited my opportunities to drink with friends, but I am still enjoying
experiencing new, unique single malts at home. I take the same approach toward interacting with people in my work and private life as I do to whisky, I value the individualityof every person as I seek to expand my number of acquaintances. After the pandemic,
I hope to go to Scotland with some of my good friends so that we can tour the distilleries there.

Senior Executive Officer, CDO (Chief Digital Officer), and General Manager,
Customer Success Division and Corporate Planning Division
In charge of Co-Creative Investment
Director, D2C & Co. Inc.
Director, okos Co., Ltd.

Working out at the gym is what gives me the strength to keep going every day. It goes
without saying that the gym helps me keep in shape. However, it is also an importantelement of my mental health as it offers me an opportunity to feel the joy of testingand surpassing my limits and gives my head a break when I shut out all unnecessary
thoughts to focus on my breathing. I have always been optimistic, forward-looking, andtrue to myself, and using the gym as a mood changer helps me better enjoy the otheraspects of my life. At the same time, I get tired of things easily, and I have a tendency
to seek out new thrills to excess. I also am a people lover, and I find joy in engaging
with different people. I therefore look forward to producing value that is beneficial tosociety through co-creation with a wide variety of people.

M __Masahiro Aono

M __Masahisa Aoki

Senior Executive Officer
In charge of Retailing BusinessPresident and Representative Director, MARUI CO., LTD.

Executive Officer
CEO, tsumiki Co., Ltd.

I love to see people’s smiling faces. I made my debut on the sales floor 35 years ago,
but I still remember the smile of a customer thanking me after they had purchased awallet. I was struck; it is so amazing to be able to do a job that makes people smile.
Around two decades ago, I was put in the position of selling yukata, traditional
Japanese garments people often wear to festivals, and it was great seeing all of thesmiling customers off on their way to a summer festival or to go see fireworks. Yukata
definitely look best on smiling people. I continue to wear a yukata every summer. It is
still the smiles of customers that motivate me today in our efforts to develop storesthat do not sell and eventful stores. I also want to make our business partners smile.
And our employees too. In fact, I hope to bring smiles to the faces of all of our stakeholders, including shareholders, communities, and even future generations. My business goal is to make as many people smile as possible, and I cannot forget about
myself when it comes to this.

H __Hajime Sasaki

Y __Yoshiaki Kogure

There are so many things I love: music, books, sports, sake, houses, cars, dogs, et cetera.
However, it is not like I have broad knowledge about all of these things. Rather, I am thetype of person who gets really into specific areas of my wider scope of interests. For
example, I am currently into surfing, and my instructor often tells me to be careful not
to overdo it. When I get into something, I really get into it, and I have to stop myself fromdragging others into whatever I am obsessed with at the moment. Everyone is different,
and I have to respect our differing values after all. I think everyone can understandgetting passionate about something they love. I hope we can make a society in which
everyone is free to passionately devote themselves to whatever it is that they love.

Recently, I have been spending all my time golfing, but I have to be honest and say that
I like skiing the best. Skiing is what made me. I joined a ski club in my freshman year
at university, but I had zero ski experience at the time. I remember spending the entire
year preparing for the winter skiing season and devoting so much time to competitions, where I would take part in races that were over in about a minute. I never reallyaccomplished much competitively, but I loved it nonetheless. It was this experiencethat gave me the dedication to see things through. I have with me the skis I used to usesome 40 years ago. I am not using them anymore, but they were too important to me
to throw away. When I see these scratched up, rusty old things, I can’t help but want totake a trip down the slopes. But, I guess I still love golf too.

Senior Executive Officer
In charge of Architecture
President and Representative Director, AIM CREATE CO., LTD.

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When you want the thrill of speeding along untamed roads, but you just don’t havethe time, there is a small yet consistent group of people who turn to good old radiocontrolled (RC) cars. I think I am pretty good at supporting the interests of others andtaking these interests and turning them into businesses. When making such businesses, I always remember to have fun. Tackling a difficult task is not all fun andgames, but I try to turn a challenge into an opportunity with a higher-than-necessarylevel of smiles. I feel like I am defined by MARUI GROUP’s anime business, which was
still new when I got involved. In this business, the synergy between the interests of
employees and the interests of customers catalyzed rapid growth, and our anime business quickly reached a scale at which it is posting transaction figures in the tens of billions of yen. I am excited about the possibility of co-creating a new world together with
passionate, or perhaps over-passionate, customers and business partners.

Executive Officer
In charge of Audit

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OUR FAVORITES

Y __Yuko Ito

M __Miyuki Kawara

Executive Officer
General Manager, Group Design Center and Construction Department
Director, MARUI CO., LTD.
Managing Director, AIM CREATE CO., LTD.

Executive Officer
Director and Store Manager, Kitasenju Marui, MARUI CO., LTD.

I love fashion. When I was job hunting, I attended an introductory presentation on
MARUI GROUP. I was so happy for the opportunity to be able to go to Tokyo that I wore
a flower dress to the presentation. My love of wearing adventurous outfits continued
even after I joined the Company, with me showing up to work in a long skirt thatdragged along the ground and even pants with a tiger’s face on them. I was enjoying
testing the limits of how far I could go. If you ask me why I love fashion so much,
I would say because it fills me with a feeling of optimism. The things that give one
this feeling will vary from person to person. In fact, the same person may draw
­optimism from different things under different circumstances. I hope to co-create­businesses that give people this sense of optimism. Today, I have brought Ku-chan.
She helps me relax and she has a lot of friends back at home.

At school, I used to love geography and geometry. I had a lot of fun looking at maps andimagining spaces. This passion led me to visit these spaces to see what they actuallylooked like. Climbing tall mountains rewarded me with a view and feeling of accomplishment that no map can provide, and this thus became my hobby. Later, my love of imagining spaces would drive me to become an architect. I would eventually be involved indeveloping numerous stores for MARUI GROUP. You could even say that I wrote the map
for MARUI GROUP. The digital maps we have today let you experience various spaces
without grabbing a compass or even leaving your home. I am now working to combine
the ideas of the young digital natives who grew up in this world with my ability to invent
spaces in order to create new value.

T __Tatsuo Niitsu

M __Mayuki Igayama

Executive Officer
President and Representative Director, MOVING CO., LTD.

I have always loved sports, though I have never been very good at them. I have beenplaying sports since I was a kid, starting by playing baseball with my friends andmoving on to basketball, tennis, skiing, and eventually golf. Even now, I will often
spend entire days off playing some kind of sport. As a side effect of this hobby, I havecome to love the feeling of sore muscles and being worn out. But I really hate getting
sunburned. I have been a dedicated user of SPF 50 sunscreen since I was in my 20s.
I used to be the type of person who would get so caught up in my work that I had todo everything by myself. A health incident in my 40s, however, forced me to realize thelimits of individuals and awakened me to the power of co-creation. I am now caught up
in co-creation for realizing MARUI GROUP’s vision.

I have always been someone who gets completely absorbed in things. When I got
hooked on bicycle races, I watched every race held overseas on cable TV. This spray
I have with me is my own special blend of mint oil that I use to drive away bugs when
I go traveling, my current obsession. My tendency to get absorbed in things is also an
asset to my work. If something bothers me, I will keep at it until I am satisfied. If it everlooks like I am “spacing out,” it is because I am lost in thought. If I were to try to assess
myself objectively, I would say that I cannot help but take an interest in the unique characteristics of every individual. I hope to practice co-creation in which everyone involved
can get absorbed in both unique talents and business models.

J __Junko Tsuda

T __Takeshi Ebihara

I love to tour various regions to indulge in their local culinary specialties. If you tell mea place has a unique culinary tradition or distinctive ingredients, I will dash to thelocation. I love food so much that I will sometimes, though admittedly rarely, take day
trips to Mie Prefecture when clams are in season. I have been this way for more than
20 years. I also love enjoying drinks that have embraced the local culinary culture. It isa lot of fun to drink and chat with the regulars of an establishment. By being amongpeople with different backgrounds and values, I have the opportunity to talk about
and understand our differences and also to experience that feeling of joy when wefind common ground. I look forward to co-creating with anyone willing to join me.

I have been a fan of the Yomiuri Giants baseball team since I was a kid. Even right now, I
am curious about what the latest scores and standings are. I was on a baseball teamwhen I was a kid, and this experience taught me the joy of winning as a team, utilizing
our individual strengths while covering for our weaknesses. I found this experience mostworthwhile. However, I always hated when people bunted. I was more interested in scoring big in each inning. This attitude carried over to my work. To date, I have been involvedin numerous systems-related initiatives that were only successfully completed thanks tothe support of our various partners. Going forward, I hope to take full advantage of ourstore and EPOS card infrastructure to score big in co-creation with stakeholders.

Executive Officer
Director and General Manager, Sales Promotion Department, Epos Card Co., Ltd.

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Executive Officer
Director and General Manager, E-Commerce Business Department, MARUI CO., LTD.
Director, MOVING CO., LTD.
Director, okos Co., Ltd.

Executive Officer and CIO (Chief Information Officer)
President and Representative Director, M & C SYSTEMS CO., LTD.

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