VISION ROADMAP

Vision for the Future Beyond 2050
The declarations contained in VISION BOOK 2050 are not just announcements; they are symbolic of
the start of a journey, a journey to shape the future together with all stakeholders by formulating actionplans for accomplishing our vision, examining long-term targets, and engaging in ongoing dialogue.
Our journey will not end with the accomplishment of MARUI GROUP’s 2050 Vision.
No, MARUI GROUP will continue to look toward the future from an ultralong-term perspective,
and we are marching forward as we identify the tasks we can undertake today.

MISSION
Contribute to Co-Creating a Flourishing andInclusive Society That Offers Happiness to All

2050

2050 VISION

Harnessing the Power of Business to Build a World
That Transcends Dichotomies
MARUI GROUP’s 2050 Vision is our first step toward accomplishing our vision for the future. The
2050 Vision serves as a code of conduct, delineating the tasks that can be undertaken today as wemarch toward this future.

2021

Targets of Medium-Term Management Plan
Leading up to the Fiscal Year Ending March 31, 2021
Earnings per share(EPS)

Return on equity(ROE)

Return on invested capital(ROIC)

More thanMore thanMore than130

¥

10%4%

20192021

Changes in an Afflicted World
Our world is faced with various issues, including economic inequality, poverty,
hunger, and environmental destruction, which are causing divides in the form ofdichotomies, and these divides can no longer be ignored. The businesses of thefuture will therefore need to frame these global issues as opportunities andwork to resolve them.

1931

MARUI GROUP’s Core Value:
Co-Creation of Creditability
The co-creation of creditability is a concept based on the belief of MARUI GROUP’s
founder that creditability should be built together with customers, rather thanassigned to them, and is one of our founding principles. Since its founding,
MARUI GROUP has continued to practice the co-creation of creditability byconnecting with customers through dialogue and building mutual trust.

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VISION BOOK 2050

2019
VISION BOOK 2050

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MARUI GROUP’sCo-Creation Philosophy

and our principles, clarifying the intent of these ideals so that they may guide us
in our daily business activities.
Revised in February 2019

Our Aspirations

Our Principles

MISSION

PHILOSOPHY

Contribute to co-creating a flourishing andinclusive society that offers happiness to all

Continue evolving to better aid our customers
Equate the development of our people
with the development of our company

MARUI GROUP’s mission is its reason for existence. The corporate and business activities of MARUI GROUP
are the practice of fulfilling this mission. This mission is meant to provide all members of MARUI GROUP
with a guide, inspiring them to reflect on whether their actions and decisions are contributing to the fulfillment of the mission, even in times of uncertainty.

2050 VISION

Harnessing the power of business to build a worldthat transcends dichotomies
MARUI GROUP’s 2050 Vision is a roadmap for the accomplishment of the Company’s mission. It puts forth
directives for the concerted efforts to be advanced by all Group members as they ascertain changes in theoperating environment. We believe that a vision and long-term targets are essential for a company to remaintrue to its mission and values as, no matter how righteous a mission or values may be, they will still need aguide to clarify priorities for advancing business strategies.

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In conjunction with the establishment of a long-term vision for 2050,
we at MARUI GROUP reshaped our co-creation philosophy based on our aspirations

VISION BOOK 2050

MARUI GROUP’s philosophy is an essential compass for fulfilling its mission. The desire to “continueevolving to better aid our customers” compels everyone at MARUI GROUP to work for the benefit of stakeholders by exercising their capacity for empathy to adopt the viewpoints of various stakeholders in order tounderstand their thinking and their pain. The ongoing evolution of this capacity for empathy gives rise to thepropensity for innovation that drives the resolution of the issues faced by customers, society, and the environment. The commitment to “equate the development of our people with the development of ourcompany” is founded on the belief that MARUI GROUP’s growth is achieved when our people realize selfactualization through empathy and innovation.

VALUES

Creditability should be built together with customers
Pioneer spirit of creating opportunities
MARUI GROUP’s values are the unique principles of the Company that differentiate it from all others, theprecious founding spirit that will perpetually permeate our organization. The concept of co-creation of­creditability—based on the belief of MARUI GROUP’s founder that “creditability should be built together
with customers,” rather than assigned to them—is the belief that credit should be forged through trust overlong-term relationships by working together with and being empathetic toward customers. The founder also
advocated a “pioneer spirit of creating opportunities.” This value represents MARUI GROUP’s spirit of innovation and evolution, which propels us forward as we transform our business and create new demand andmarkets in response to changes in customer happiness or in society.

VISION BOOK 205035