May 9, 2023
Company Name: MARUI GROUP CO., LTD.
Representative Name: Hiroshi Aoi
President and Representative Director(Securities Code: 8252, Tokyo Stock Exchange,Prime Market)
Inquiries: Takahiro Matsumoto,General Manager, General Affairs Department(TEL: 03-3384-0101)

Notice of Partial Amendments to the Articles of Incorporation
Marui Group Co., Ltd. (the “Company”) hereby announces that it has resolved at its Board ofDirectors meeting held on May 9, 2023, to submit a proposal to the 87th Ordinary General Meeting ofShareholders to be held on June 27, 2023, regarding the establishment, etc. of new clauses in theArticles of Incorporation relating to the “Practice of Corporate Philosophy,” as follows.

1. Reason for the amendments(1) The Company has defined corporate value as the overlap between the interests and happinessof all stakeholders, including future generations, and has conducted its business activities torealize its mission of “contribute to co-creating a flourishing and inclusive society that offers
happiness to all.”In order to declare that “Our Aspirations” will remain unwavering in the future and to clarify
that all business activities will be conducted in accordance with the corporate philosophy,
Article 2 of the current Articles of Incorporation will include “Practice of Corporate Philosophy”
and the following articles will be moved down.
(2) In light of the Company’s current business activities, the Company will delete some of theobjectives and organize the wording.
2. Contents of the amendments
The contents of the amendments are as follows.
Current
Article 1(Omitted)(Newly established)(Note) Underlined parts are amended sections.
Proposedamendments
Article 1 (Same as current)
Article 2 (Practice of Corporate Philosophy)
Based on our corporate philosophy of
striving to “continue evolving to betteraid our customers” and “equate thedevelopment of our people with thedevelopment of our company,” theCompany's mission is to "worktogether to create an inclusive society
where everyone can feel happiness."In other words, through the fusion offinance and retailing, we aim to provide“happiness” not only as economic wealthbut also spiritual wealth and to realize asociety in which all people, not just some,can be “happy.”
However, it is not possible to realize
such a great mission by the power of theCompany alone. Therefore, we will work
to realize our mission through cocreation
withourcustomers,
shareholders and investors, everyone inlocal communities and wider society,business
partners,
andfuturegenerations who will lead the future.
By practicing “co-creation management”
with stakeholders, the Company aims toachieve harmony between “profit” and“happiness” for all stakeholders and tobalance profits with solving social issues
through business.
Article 2 (Purpose)
Article 3 (Purpose)
The purpose of the Company is to
The purpose of the Company is tocontrol and manage the business
control and manage the businessactivities of companies engaged in theactivities of companies engaged in thefollowing businesses by owning sharesfollowing businesses by owning sharesin such companies.
in such companies.
(1) Retailing of department stores andrelated manufacturing, processing, andwholesaling of merchandise(2) Sale of alcoholic beverages, food, andbeverage products, and restaurant
business(3) Sale and purchase of antiques, sale ofexclusive goods and measuring
instruments, and sale and repair of
hunting rifles and air guns(4)–(20) (Omitted)
2. The Company may engage in any of
the items of the preceding paragraphand any business incidental thereto.

(1) Retailing of department stores andrelated manufacturing, processing, andwholesaling of merchandise(2) Sale of alcoholic beverages, food, andbeverage products, and restaurant
business(3) Sale and purchase of antiques, sale ofexclusive goods and measuring
instruments

Articles 3 to 36 (Omitted)

Articles 4 to 37 (Same as current)(4)–(20) (Same as current)
2. The Company may engage in any of theitems of the preceding paragraph andany business incidental thereto.

3. Schedule
Date of the General Meeting of Shareholders to amend the Articles of Incorporation and theeffective date- Scheduled for Tuesday, June 27