MARUI GROUP’s 2050 Vision

Harnessing the p ower of businessto build a wo rld thattranscends d ichotomies
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Why transcend dichotomies?

We believe that transc ending dichotomies
will result in greater ha ppiness for all andcontribute to the realiz ation of a flourishingand inclusive society.
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MARUI GROUP envisions a world in which we have transcended all dichotomies to build a flourishingand inclusive society that offers happiness to all. A society cannot be said to be happy if happiness isonly provided to certain groups. Only when happiness is available to all can society truly flourish.

How will MARUI GROUP help

Since its founding in 1931, MARUI GROUP has continued to evolve its unique business modeltranscend dichotomies?

merging retailing and finance to reflect the changes in the times and in customers, all the while being

Critical Importance ofthe Concept of Inclusion

guided by the co-creation philosophy that “creditability should be built together with customers.”
Today, the concept of inclusion—integrating and including individuals that had previously been
excluded—infuses our quest to help shape the future. We believe that expanding the intersection
between the ­interests of all people through inclusion is a shortcut to the realization of a flourishingand inclusive society that offers happiness to all.
Inclusion is both a philosophy and a strategy, a key principle for transcending dichotomies toresolve social issues while increasing corporate value.

Inclusion of all people

Previously excluded people

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Prior target

Previously excluded people

As shown in the graph to the left, companies generally tend tofocus on the large volume area represented by individuals that
could be considered “average” among the population, excluding
the outliers due to a perceived lack of applicable individuals.
MARUI GROUP strives to include all people and generate happiness by incorporating and including individuals that have previously been excluded.

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Various Dichotomies Creating

An Afflicted World
Climate Change, Resource Depletion,and the Shift toward Renewable Energy

Dichotomies divide a single concept into two sides and presume inconsistency or opposition between
these sides. People have a natural tendency to categorize people and assume differences based on­dichotomies such as men and women and children and adults. These dichotomies can sometimes

Damage to the global environment is resulting in frequent urban­disasters, disruption to the supply-demand balance of water, andresource depletion. Conversely, people should be shifting awayfrom energy generated using oil and coal, known causes of climatechange, to use renewable energy. In fact, renewable energy generated from natural sources is anticipated to account for 31% of allenergy used around the world in 2040,*5 matching the amount ofenergy generated using oil and coal.

create discrimination and disparities in treatment when used to divide or foster opposition between
groups, as seen in the dichotomies between the able-bodied and people with disabilities and between
the rich and the poor. Our world is afflicted by countless such dichotomies, and we can no longer turna blind eye to this issue. If we continue to ignore the global-scale problems we face, content to live
focused on the happiness and interests that lie before us, we will create a new dichotomy, between
current generations and future generations, and invite an undesirable future.

*5 Source: U.S. Energy Information Administration

Circular Economy Transforming
Waste into Profit

Previously Excluded Individuals
There is currently a global push for gender diversity to include
women and LGBT individuals. In Japan, meanwhile, the numberof non-Japanese residents has risen to approximately 2.5 million*1
and people with disabilities now number around 9.0 million,*2 which
represents an increasingly larger portion of the total population andmakes addressing the needs of such individuals a pressing task.
*1 Source: Ministry of Justice*2 Source: Cabinet Office

Number of non-Japanese residents of JapanApprox.

2.5 million

Isolation in Developed Countries

Number of people with disabilities in Japan

A sense of isolation is spreading throughout developed countries.
For example, Japan ranks No. 1 in men feeling isolated and No. 2
in women among OECD (Organisation for Economic Co-operation andDevelopment) member countries. Elsewhere, isolation is said to havean effect on the U.K. economy equivalent to ¥5 trillion a year.*3Approx.

9.0 million

Effect of isolation on the U.K. economy

5 trillion a year

*3 Source: Campaign to End Loneliness¥Growing Middle Class in Asia
The middle class in Asia is expected to grow to represent 66% of theglobal population by 2030 while the income divide in OECD member
countries is projected to increase 30% from the level in 2010 by2060, reaching a disparity on level with the United States of today.*4*4 Source: OECD

Persistence of Serious Poverty
and Hunger Issues

Future portion of global population
represented by Asia’s middle class66%

Increase in income divide inOECD member countries

30%

Future portion of world’s power generated
from renewable sources

31%

Future portion of the global population
connected to the Internet

More than50%

Number of economic cooperation andother inter-country agreements

More than

3,000

A circular economy is an economic model that entails extracting
the maximum value from products, components, and resources
while perpetually recycling and reusing these articles so as not todiminish their value. This model makes it possible to generate new
profit using the mass quantities of garbage and other waste createdaround the world.

Spread of Internet of Things andControl through Artificial Intelligence
The Internet of Things, which entails connecting various articles tothe Internet, is spreading ever-more rapidly, leading to exponential
growth in the amount of data stored in electronic formats. At thesame time, innovation and practical application of artificial intelligence (AI), biotechnology, and nanotechnology is a likely future.
Moreover, the IT revolution is expected to create a world in whichmore than 50% of the population is connected to the Internet.*6*6 Source: Euromonitor International

Connections and Divides between Countries
In the midst of the globalization trend, connections between countries are increasing, as seen in the more than 3,000 economic cooperation and other inter-country agreements in effect.*7 However,there is also a pushback against this trend that seeks to widen thedivides between countries, which is exemplified by the United
Kingdom’s decision to leave the European Union and immigration
policies of the United States.
*7 Source: United Nations Conference on Trade and Development

Although poverty rates are falling across the globe, poverty andhunger remain serious issues. This situation will only be compoundedas accelerated population growth drives up the demand for food.

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MARUI GROUP’s Vision forWealthy
individuals

The World of 2050
Understanding the current circumstances faced by the world, MARUI GROUP spent a year delving into
the future that seems certain, the future that seems uncertain, and the future that, although seeming
uncertain, is desirable to be made certain. We thereby are able to formulate a vision for the world ofMassive global market

the future based on three predictions: the emergence of a focus on individuality that still values con-Low- and middle-income
individuals

nections, the appearance of a massive global market catering to low- and middle-income individuals,
and an increasing emphasis on businesses that coexist with the global environment. The vision for theworld of 2050 arising from these three predictions is a world of interconnectivity between countries,
races, and nature.

A World Featuring a Massive Global Market
Catering to Low- and Middle-Income Individuals
A World Focused on Individuality
That Still Values Connections
The promotion of diversity will likely bring about a world in which all people, including
senior citizens, LGBT individuals, expatriates, and people with disabilities, are able toexercise their individuality as a matter of course and in which the concept of a minority
is non-existent. At the same time, technological progress will expand our virtual space,making it possible for people to enjoy and find value in connections that transcend theboundaries of country and race, all while maintaining their own sense of individuality.

A world of interconnectivity between

Rising income in developing countries and growing income disparity in developed
countries can be expected to give rise to a society in which the traditional opposition
between developing countries and developed countries is replaced by a new sense of
opposition between low- and middle-income individuals and the wealthy. This opposition will generate various business opportunities associated with the shared social needs
and challenges of low- and middle-income individuals worldwide and with education,
healthcare, finance, and consumer services, giving rise to a massive global market.

countries, races, and nature

A World Emphasizing Businesses
That Coexist with the Global Environment
The global environment will no doubt become unable to support the mass production
and consumption trends seen thus far, heralding a world in which only those businesses that coexist with the global environment are able to survive. In this world,­renewable energy that capitalizes on the power of nature and circular economies thatturn wasted resources into profit will become commonplace fixtures. Furthermore, thepeople of the future will come to emphasize coexistence with the global environment
in their purchasing behaviors and consumption activities, leading to the mainstream
emergence of responsible consumers around the world.

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