EDITORIAL POLICY

Editorial Policy
MARUI GROUP has been publishing co-creation management reports and co-creation
sustainability reports as tools for stakeholder engagement since 2015. These management strategy reports are forged over a process of more than 40 planning meetingsa year led by President Hiroshi Aoi. Our co-creation management reports are integrated
reports that focus on the financial and pre-financial information that will support theexercise of MARUI GROUP’s corporate philosophy and the ongoing growth of theCompany. In compiling these reports, we reference the concepts of connections between organizationsand value creation for others and capital contained in the International Integrated Reporting Framework
released by the International Integrated Reporting Council in December 2013. We also referenced theidea of a dichotomy between short-term gains and investments in intangible assets contained in
Ito Report 2.0 as well as the view on value creation narratives linking values, business models, strategies,
success, important indicators, and corporate governance contained in the Guidance for Integrated
Corporate Disclosure and Company-Investor Dialogue for Collaborative Value Creation: ESG Integration,Non-Financial Information Disclosure, and Intangible Assets into Investment released by the Ministry ofEconomy, Trade and Industry in May 2017. In addition, Director and Managing Executive OfficerHirotsugu Kato regularly participates in the exchanges of opinion as a member of the Forum for Integrated
Corporate Disclosure and ESG Dialogue arranged by the Ministry of Economy, Trade and Industry for thepurpose of facilitating discussions between companies and investors based on the Guidance forIntegrated Corporate Disclosure and Company-Investor Dialogue for Collaborative Value Creation.
Moreover, in preparing to publish Co-Creation Management Report 2019, we held a total of 20 planningmeetings based on the opinions and requests received through meetings with and surveys of investors
and from other stakeholders.
Overview of 20 Planning Meetings Attendees
President Hiroshi Aoi, CFO Hirotsugu Kato, CDO Takeshi Ebihara, Executive Officer Reiko Kojima, andrepresentatives from the Corporate Planning Division, the IR Department, the Sustainability Department,
the ESG Promotion Department, the General Affairs Department, the Investment Research Department,
the Health Management Division, M & C SYSTEMS CO., LTD., and EDGE INTERNATIONAL, INC.

Let’s Join Hands
CO - CREATIONMARUI GROUP’s vision for the world of 2050
is one in which all dichotomies have been transcended to allow future generations
and all other individuals to live happily and as themselves.
Realizing this vision will require that we engage in co-creation with MARUI GROUP
employees as well as with customers, business partners,
communities and society, investors,
and the future and younger generations that will shape the future.
We invite everyone who shares our vision for the future tojoin hands with us in co-creating the happiness of all people.

Major Discussion Themes
The finger pictured on thecover of this report belongs
to President Aoi.
President Aoi together witha group of employees toughedout the strong winds to takephotographs to accompany
this report’s message of“Let’s Join Hands.”• Results of meetings with investors and experts• Concepts of appropriate stock price and valuations• Long-term relationships with customers and LTV
management• Transition from healthcare management to wellness
management• Initiatives related to TCFD recommendations• Big data and credit expertise• Synergies generated through in-house IT systemproduction by M & C SYSTEMS CO., LTD.
• Scope of applicability of executive officer skill map• Vision for sustainability governanceAfterword
Thank you for reading Co-Creation Management Report 2019 to its end.
The main message of this report was “Let’s Join Hands,” our invitation to readers to engage in co-creation
with MARUI GROUP. As President Aoi and the other project members discussed the production of this report,
we became aware of our strong desire to invite stakeholders sharing our ideals to join us in co-creating value, leading
to this message. Also, hoping to facilitate better understanding of MARUI GROUP, we endeavored to provide
information on our view of LTV along with disclosure based on the recommendations of the TCFD in response toopinions and requests from stakeholders. This report also features self-introductions by MARUI GROUP officers
as well as a look at their MBTI®-type to provide a glimpse at the personalities and diversity of management.
In addition, we prepared several dialogues, an ever-popular feature, to explain the Company’s policies and initiatives from a multitude of angles. However, we realize that this report alone is insufficient to encourage customers
to choose MARUI GROUP as their co-creation partner. Accordingly, this report will be positioned as a tool for
engagement with stakeholders in the hope that it will lead to initiatives for co-creating value with as many
stakeholders as possible.
I look forward to your ongoing support of MARUI GROUP.

Co-Creation Management Reports
www.0101maruigroup.co.jp/en/ir/lib/i-report.html
Annual integrated reports focused onmanagement strategies

VISION BOOK 2050MARUI GROUP CO., LTD.
Tel: 03-3384-0101 (Receptionist)
E-mail: koho-ml@0101.co.jp
Other contacts
www.0101maruigroup.co.jp/en/question.html

www.0101maruigroup.co.jp/en/sustainability/lib/s-report.html

Co-Creation Wellness Report (Japanese only)
Report detailing wellness management initiatives going
beyond the basic approach of preventing illness in orderto foster more energized and happy employees

General Manager, Public Relations Office,General Affairs Department, MARUI GROUP CO., LTD.
koho-ml@0101.co. jp

Public Relations Office, General Affairs Department

Report published in March 2019 declaring
MARUI GROUP’s vision for the world of 2050

www.0101maruigroup.co.jp/sustainability/lib/w-report.html

Takahiro MatsumotoContact

Corporate information, investor relations information,
sustainability information, recruitment information
www.0101maruigroup.co.jp/en/

Mailing list registration (Japanese only)www.0101maruigroup.co.jp/ir/infomail/reg.html

QR codes used in this report are registered trademarks ofDENSO WAVE INCORPORATED.

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