Table of Contents
Sustainability Policy .................................................................................................... 2
1. Basic Policy ............................................................................................................... 2
2. Policy ........................................................................................................................ 2
Preventing Pollution ..................................................................................................... 3
Reducing waste and optimizing the use of resources .................................................... 3
Conserving water .......................................................................................................... 3
Biodiversity ................................................................................................................... 3
2-2. Human Rights Policy ............................................................................................. 3(Preamble: Reference to the “International Bill of Human Rights”) ............................ 3(1)

Prohibition of child and juvenile labor and prohibition of forced labor ............. 4(2)

Prohibition of discrimination ............................................................................. 4(3)

Respect for freedom of association and the right to collective bargaining ......... 4(4)

Reduction of excessive working hours ................................................................ 4(5)

Minimum wage compliance; equal pay for equal work....................................... 4(6)

Rights of the child .............................................................................................. 4(7)

Occupational health and safety .......................................................................... 4(8)

Diversity and inclusion....................................................................................... 5

2-3. Employee Policy .................................................................................................... 6(1)

Training to improve employees’ skills ................................................................ 6(2)

Addressing harassment ...................................................................................... 6(3)

Health and safety ............................................................................................... 6(4)

A system that promotes engagement with employees and collaboration withcharitable partners .................................................................................................... 6
2-4. Supply Chain Policy (Preamble) ............................................................................ 6
Environmental protection ............................................................................................. 7
Respect for human rights .............................................................................................. 7
Health and safety .......................................................................................................... 7
2-5. Anti-Bribery and Anti-Corruption Policy.............................................................. 7

1

Sustainability Policy
1. Basic Policy
Guided by our corporate philosophy (mission) of “striving to realize society from ‘build’ to ‘utilize,’” wecarry out our business with fairness and integrity. We embrace the challenge of creating businesses that
benefit society and work to become the Star Mica Group that pursues both growth and profitability.
Customers
With the customer’s perspective in mind, we constantly strive to improve the level of service that we offer,as professionals.
Business Partners
We build mutual trust and fair business relationships with our business partners, by preventing corruption
and taking other measures.
Local Communities
Through our business, we solve problems that are faced by Japanese society, and will maintain our position
as a company that is needed by Japanese society in the future.
Employees
We maintain a highly transparent governance structure, and create workplaces that provide employeeswith comfortable working environments.
Global Environment
By stimulating sales of existing homes, we contribute to reducing environmental impact, reducing CO2
emissions, and conserving the global environment.
Shareholders and Investors
We strive to disclose information in a timely and appropriate manner, and to actively communicate
through our investor relations efforts.

2. Policy
2-1. Environmental Policy
Climate ChangeWith the increase in greenhouse gases throughout the world and other factors, climate change is becoming
an increasingly serious issue, and it is seen as a challenge that must be addressed on a global scale. Efforts
to reduce greenhouse gases are being advanced on a global scale against the backdrop of the Paris Agreement,
which is the international framework for 2020 and beyond, etc., and the spread of renewable energy andenvironmentally friendly products and services is becoming increasingly important. Climate change in themedium to long term could affect residential demand, which would impact the Group’s operations.
As a company that promotes the restoration and distribution of homes, which are the foundation of all
people’s lives, the Group recognizes that its challenge is to contribute to climate change mitigation and to
conduct its corporate activities considering the risks and opportunities that climate change presents to thebusiness environment. We are committed to reducing greenhouse gas emissions and mitigating climatechange while aiming for business growth.

2

Preventing Pollution
Amid calls around the world for environmental preservation, the Group recognizes that a key task in ourbusiness activities of housing supply is to prevent environmental pollution through the effective use oflimited resources. We not only comply with laws and regulations, but also respect international codes ofconduct and work to prevent global environmental pollution, address climate change, and create a recyclingoriented society, including the sustainable use of resources.

Reducing waste and optimizing the use of resources
The Group recognizes that reducing waste and optimizing the use of resources and energy are global
challenges. We work to protect the global environment by contributing to the spread of renovatedcondominiums, which are more resource-efficient than residential construction. At the same time, we
conduct renovations in a way that considers waste reduction by making use of what can still be used and also
strive to develop renovation technologies that enhance the efficiency of resource and energy use.

Conserving water
Amid climate change, deforestation, population growth, etc. throughout the world, there is mounting
concern about the risk of water shortages. Although the Group does not own its own factories, etc. and uses
only a small amount of water, the use of water is essential for office operations and renovation work. We
recognize the need to curb any water use beyond what is necessary.
The Group is committed to fulfilling its social responsibilities as a company that promotes the restorationand distribution of homes, which are the foundation of all people’s lives. Our efforts not only include
improving the efficiency of water use by saving water during our office operations and renovation work, butalso increasing our engagement in water conservation across the supply chain.

Biodiversity
The Group recognizes that, as one of the environmental issues, consideration of biodiversity is a global
issue. Helping to sustain ecosystems supports the protection of the earth’s environment and it closely links
to the realization of a sustainable society, which is closely related to our corporate philosophy of “striving
to realize society from ‘build’ to ‘utilize.’”
In its business activities, the Group promotes projects that utilize existing housing stock rather than those
involving development. In this way, we reduce or avoid negative impacts on biodiversity, helping to realize
a society in which people and living things can continue to coexist in harmony.

2-2. Human Rights Policy(Preamble: Reference to the “International Bill of Human Rights”)
The Group recognizes that respect for the human rights of all people must be observed in order to continue
to fulfill its basic policy of conducting business with fairness and integrity.
The Group respects the human rights of all people in accordance with the “International Bill of Human
Rights” (“Universal Declaration of Human Rights” and “International Covenants on Human Rights”), the“ILO Declaration on Fundamental Principles and Rights at Work,” “The Ten Principles of the UN Global”
and “Guiding Principles on Business and Human Rights,” as well as relevant laws and regulations in the
countries and regions where the Group operates. Should a conflict arise between national or regional laws
and international norms, we look for ways to respect internationally recognized principles of human rights.
This human rights policy applies to the management of the Group and to all our employees.

3(1) Prohibition of child and juvenile labor and prohibition of forced labor
The Group prohibits all forms of forced labor, human trafficking, and child labor, and works to correct or
eradicate labor practices that violate human rights.

(2) Prohibition of discrimination
To maintain and improve its corporate value and develop its unique business model, the Group has since
its founding hired employees with a variety of work experience. In recent years, we have also actively
recruited new graduates. We respect diversity in our hiring and do not tolerate discrimination based on
gender, age, nationality, race, religion, or disability. In evaluation, remuneration, and promotion, we make afair judgment based on the individual’s ability and performance.
When appointing core personnel, we make fair judgments based on their abilities and performance inaccordance with their expected roles. Gender, age, nationality, type of employment, etc. do not influencesuch judgments.

(3) Respect for freedom of association and the right to collective bargaining
The Group recognizes that it is essential to respect the human rights of workers and respects theirfundamental rights related to labor, including the freedom of association and the right to collective bargaining.

(4) Reduction of excessive working hours
The Group strives to comply with applicable laws regarding wages, working hours, overtime, and benefits.
In addition, we comply with the “Article 36 Agreement,” striving to prevent overwork as a basic policy of
our labor management.
We not only comply with applicable laws but also strive to ensure proper labor management and reduce
excessive working hours.

(5) Minimum wage compliance; equal pay for equal work
The Group complies with applicable laws and regulations on wages and allowances, and always pays
remuneration above the statutory or industry minimum wage. In addition, we apply the same remuneration
system wherever qualifications, grades, etc., are equivalent, with no discrimination based on gender.

(6) Rights of the child
The Group believes that it is necessary to give special consideration to the human rights of children, who are
the key to the future of society. We agree with the content of the “Convention on the Rights of the Child”
and other conventions on the rights of the child as set forth by international organizations. We work to ensurethat all the Group’s business activities do not violate the rights of children. We are also aware that theGroup’s business activities in the supply of housing are essential to ensuring that children have an appropriate
living environment, and we strive to supply high-quality renovated condominiums.

(7) Occupational health and safety
The Group recognizes the importance of ensuring occupational health and safety not only for its
employees but also for its business partners, investors, and other related parties. We carry out our businessactivities based on the following policies.
If the activities of internal or external stakeholders are affected by deficiencies in the occupational healthand safety environment, we work with the relevant parties to find a solution based on the following policies.
1. Ensure that management respects consultation with employees, recognizing that good communication isnecessary for securing safety and health.

42. Respect various laws and regulations related to health and safety, establish voluntary standards asnecessary, and improve the level of health and safety management.
3. Develop an organizational system and clarify responsibilities to promote health and safety activities.
4. Provide all employees with a sufficient level of education and training they need to maintain health andsafety in order to promote a comfortable and healthy workplace.

(8) Diversity and inclusion
The Group promotes diversity and inclusion. This means that in a society of diversifying values andlifestyles, in order to design our renovated pre-owned condominiums from the standpoint of the consumers,
we must ensure diversity among the people who work for the Company, recognize people of all backgrounds
equally, whatever their profile may be in terms of attributes such as gender, age, or nationality, and give our
employees a place to thrive according to their personalities and abilities, placing the right people in the rightjobs. In addition, as a promoter of diversity and inclusion, the Board of Directors will take the lead inachieving this goal.

52-3. Employee Policy(Preamble)
The Group has adopted “STARMICA way.” as one of its employee action guidelines. Each and every
employee provides the best possible service to all stakeholders as a professional. As a company, we strive to
instruct and train our employees.

(1) Training to improve employees’ skills
The Group strives to develop both the Company and its employees. We provide training opportunities thatenable employees to improve their skills in order to build an environment where all employees can grow as
professionals.

(2) Addressing harassment
The Group has introduced an internal whistleblowing system for dealing with violations of internal rules,
regulations, etc. and harassment. The internal whistleblowing system ensures the anonymity of those
providing information and establishes multiple points of contact, including compliance officers, Audit &Supervisory Committee Members, and external law firms, which makes the system easier to use for those
providing information. By establishing a point of contact independent of management and ensuring theprotection of informants, we strive to ensure that the effectiveness of the system and also to increase the trustfrom our employees.
In addition, to raise employees’ awareness of human rights, we conduct harassment training for all new
employees. This training teaches employees about trends and countermeasures regarding harassment bycovering specific case studies.

(3) Health and safety
The Group sees maintaining and promoting employee health as an important issue. As well as establishinga highly transparent governance structure, we are committed to creating a workplace that considers theworking environment of our employees.
We have established an organizational system and clarified responsibilities for occupational health andsafety, and health management that align with the suitability of each individual and workplace. We
continuously check our progress, striving to improve, maintain, and enhance our efforts.

(4) A system that promotes engagement with employees and collaboration with charitablepartners
Social contribution activities
Our founder, Mizunaga, applied his learning from the field of academia to management and established aunique business model for the Group. We therefore focus our social contribution activities mainly on thesame field, and our entire organization is committed to fostering the next generation of entrepreneurs.
Through these activities, we expect young talent to create new businesses that take advantage of local
characteristics and revitalize regional communities through business.

2-4. Supply Chain Policy(Preamble)
The Group views business partners as partners in working together to solve environmental and social
problems. We have established the following policies to enable us to fulfill our social responsibility as acompany throughout our procurement.
We will also inform our business partners of the matters listed in this policy, requesting that they ensure
their compliance and action.

6

Environmental protection-

Recognize the impact of material procurement on the natural environment.
Promote energy conservation, expand the use of renewable energy, and other actions to reduce CO2
emissions.
Reduce water consumption, ensure proper wastewater treatment, and conserve water resources.
Give consideration to biodiversity conservation, the surrounding environment, and local residents andcommunities, etc.
Build and operate environmentally friendly management systems.
Reduce waste and promote resource recycling through efficient use, recycling, etc. of resources andmaterials.
Take measures to prevent the pollution of water, soil, oceans, air, etc., and give consideration topreventing human health hazards.
Minimize waste, wastewater, and emissions, and ensure proper treatment in accordance with regulations.

Respect for human rights-

Prohibit child labor and forced labor.
Prohibit all forms of discrimination, including discrimination and harassment of all kinds.
Comply with international norms related to the above and the laws and regulations of the operation
countries and regions.
- Pay wages at or above the minimum wage required by laws and regulations, and reduce excessive
working hours.
- Prohibit direct or indirect involvement in any kind of human rights violations across our supply chain.

Health and safety-

Ensure the safety and health of everyone in the supply chain, providing and protecting an appropriate
working environment.

2-5. Anti-Bribery and Anti-Corruption Policy
The officers and employees of the Group respect and comply with all laws and regulations concerning theprevention of bribery and corruption. We do not tolerate violations of relevant laws and regulations for any
reason.
The Audit & Supervisory Committee periodically reports to the Board of Directors on the operational
status of the Anti-Bribery and Anti-Corruption Policy. Under the supervision of management, efforts are
made to prevent corruption.
We pay particular attention to preventing violations in the following items and do not tolerate corruption
in any form.
(1) Money laundering(i) Those involved in criminal activities such as terrorism, drug trafficking, bribery, or fraud may attempt
to “launder” the proceeds of their crimes to hide them or make them appear legitimate. Many countries
now have laws that prohibit transactions involving the proceeds of criminal activity and requiresafeguards to prevent inadvertent money laundering.

7

(ii) The Group complies with all laws and regulations related to money laundering and counter-terrorism.
We conduct transactions only with trusted partners involved in legitimate business activities.
(2) Bribery(i) The Group engages in price competition in the process of purchasing and selling properties andproviding services related to real estate. The officers and employees of the Group do not give or accept
bribes in any form, directly or indirectly. We also do not tolerate anyone acting on behalf of the Groupto give or accept bribes. The term “bribe” means a financial or other form of benefit.
(ii) Gaining an advantage by making improper payments is never acceptable and it exposes the individual
and the company to the risk of criminal prosecution.
(iii) Each of the following acts may be regarded as a bribe or unauthorized payment. As a general rule, we
do not engage in any of the following acts:
Offering or promising to give money, goods, or services to a government official or a customer
with the intent of inducing a transaction that is advantageous to the Group
Paying gratuities to public officials or employees of other companies to expedite paperwork
Paying a fee that is disproportionate to the service provided(iv) The officers and employees of the Group exercise due care in their relationships with public officials.
In many countries, gifts or unauthorized payments to public officials are prohibited by law. The sameis applied to foreign public officials. Consultants, intermediaries, or other persons who conductbusiness through third parties will be encouraged to ensure that such third parties also comply withthe above rules.
(3) Insider trading(i) Insider trading laws prohibit trading in company securities on the basis of material information (insider
information) that has not been disclosed to the public.
(ii) The Group supports fair and open securities trading. The Group’s employees do not trade in shares orother securities using insider information obtained from the Group or third parties during theiremployment. Furthermore, they do not disclose such information to others.
(iii) The officers and employees of the Group comply with the following items.
Do not use insider information that is a material fact as stipulated under insider trading
regulations to buy or sell, directly or indirectly, financial instruments related to a company orentity, including the Group
Do not recommend or suggest financial instruments to others based on insider information.
Maintain the confidentiality of insider information and do not communicate it to third parties.
(iv) The department in charge of compliance periodically checks the operational status of this Policy andreports it to the Audit & Supervisory Committee and the Board of Directors.

8