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May 12, 2021

MARUI Nominates Director Candidates
with Expertise in Long-Term Engagement Investment,
Sustainability, and Well-Being to Create Management
Team More Mindful of Stakeholder Perspectives
MARUI GROUP CO., LTD., announces that, at a meeting of the Board of Directors held on May 12,2021, a resolution was made to nominate new director candidates and to propose these candidates at
the 85th Ordinary General Meeting of Shareholders, which is scheduled to be held on Friday, June25, 2021. The new director candidates possess expertise in long-term engagement investment,sustainability, and well-being. The inclusion of these individuals on the Company’s management teamis expected to accelerate the practice of co-creation sustainability management and, as a result, lead
to better corporate value.
<Director Candidates>
クイックを
Major Roles and Concurrent Positions

Name

Reappointment

Hiroshi Aoi

President and Representative Director
Representative Executive Officer, CEO

Reappointment

Etsuko Okajima(Candidate for position as
external director designated asindependent director)

President & CEO, ProNova Inc.
Outside Director, euglena Co., Ltd.

NewAppointment

Yasunori Nakagami(Candidate for position as
external director designated as
independent director)

Representative Director and CEO,Misaki Capital Inc.

NewAppointment

Peter David Pedersen(Candidate for position as
external director designated as
independent director)

Representative Director, Next Leaders’Initiative for Sustainability; Professor,Shizenkan University

Public Relations Office, MARUI GROUP CO., LTD.
3-2, Nakano 4-chome, Nakano-ku, Tokyo 164-8701, Japan
Telephone: 03-3384-0101 (Receptionist) Fax: 03-5343-6615

Reappointment Hirotsugu KatoDirector, Managing Executive Officer, andCFO
In charge of IR, Finance, Sustainability, andESG Promotion

NewAppointment

Executive Officer and CWO (ChiefWellbeing Officer)
General Manager, Wellbeing Promotion
Department
Company Physician

Reiko Kojima<Management Team Should Proposal Be Approved>・Six directors (two fewer internal directors), 50% external directors designated as independentdirectors
・Women representing 33% of directors and 30% of all officers including Audit & Supervisory Boardmembers■ MARUI GROUP’s Ambitions
MARUI GROUP defines corporate value as being
represented by the intersection between theinterests of six groups of stakeholders—customers,investors, business partners, communities andsociety, employees, and future generations—andpromotes co-creation sustainability management in
its quest to expand this intersection together withthese stakeholders.
The director candidate proposal includes
the reappointment of Hiroshi Aoi, CEO of MARUIGROUP Hirotsugu Kato, CFO of MARUI GROUP,
and Etsuko Okajima, a diversity expert with exceptional experience and a breadth of insightpertaining to corporate management. In addition, the proposal recommends the appointment of newdirectors to create a management team that is capable of engaging in multifaceted discussions frommultiple viewpoints based on the perspectives of various stakeholders. These new candidates areYasunori Nakagami, CEO of Misaki Capital Inc., which is a shareholder of MARUI GROUP and a
proponent of improving medium-to-long-term corporate value via management practices in which
managers, employees and shareholders work together; Peter David Pedersen, environmental- 2 -specialist and MARUI GROUP sustainability advisor; and Reiko Kojima, MARUI GROUP company
physician and CWO (Chief Wellbeing Officer) responsible for promoting well-being management.
The five-year medium-term management plan that kicked off in the fiscal year ending March
31, 2022, is aimed at achieving a balance between business impacts and social impacts through aframework that emphasizes synergies between business strategies, capital measures, and impacts.
Accordingly, it will be imperative for management to incorporate perspectives focused on bothprofitability and sustainability. Nakagami possesses significant corporate management insight gained
from his extensive experience in management consulting and at asset management firms while
Pedersen stands at the global forefront of the environmental and sustainability field, offering
tremendous insight gained from this position. This level of expertise will be a powerful tool forachieving the goals of the medium-term management plan and for accomplishing MARUI GROUP’s
mission and vision.
Going forward, MARUI GROUP will continue to promote co-creation sustainability
management to achieve harmony and expand the intersection between the monetary interests andnon-monetary happiness of all stakeholders.
<New Director Candidates>
Yasunori Nakagami
Yasunori Nakagami is the representative director and CEO of Misaki Capital Inc. He
made his management consulting debut immediately after graduating from university,
spending nearly two decades offering consultation services to a variety of industries atAndersen Consulting (now Accenture plc) and Corporate Directions, Inc. Based on hisexperience raising the corporate value of numerous clients, he became convinced of theeffectiveness of an investment approach centered around being an engaged shareholder.
Co-founding an investment advisory firm in 2005, he began promoting long-term
engagement investment in listed companies based on this approach, achieving a great
deal of success. Nakagami then went on to co-found Misaki Capital in 2013, where he continued to advocate
engagement investment. Nakagami has earned an MBA from the University of California, Berkeley. Currently
he serves as the chairman of the Japan Association of Corporate Directors’ Independent Directors Committee
and a consulting fellow at the Research Institute of Economy, Trade and Industry.

- 3 -Peter David PedersenPeter David Pedersen is the representative director of Next Leaders’ Initiative for
Sustainability and a professor at Shizenkan University. Pedersen co-founded CSR
and environmental consulting firm E-Square Inc. in 2000, where he served as
CEO until 2011. Prior to his departure from E-Square, Pedersen took part in theformulation of business, environment, and CSR strategies; marketing andcommunication surveys; and human resource development efforts at leading
Japanese companies. It was Pedersen who introduced Japan to the U.S.-bornconcept of Lifestyles of Health and Sustainability (LOHAS) in 2002, and he led Japan’s first LOHAS
marketing surveys over the course of several years. Today, Pedersen devotes his efforts to fostering
future leaders at companies in Japan and around the world as representative director of Next
Leaders’ Initiative for Sustainability, an organization dedicated to fostering the next generation ofleaders around the world.
Reiko Kojima
Reiko Kojima is an executive officer and CWO at MARUI GROUP, where she also
holds the position of general manager of the Wellbeing Promotion Department.
She acquired her physician’s license in 2000, and regularly took part in outpatient
examinations at psychosomatic medicine departments after completing her
clinical training in internal medicine. In 2002, Kojima became a dedicatedcompany physician at a major manufacturer, a position she held for nearly 10years. She began researching how to energize people and organizations at theoccupational mental health unit of Kitasato University Graduate School of Medical Science in 2006,
receiving her Doctor of Medicine in 2010. Kojima assumed the position of company physician at
MARUI GROUP in 2011, later being appointed general manager of the Health Management
Division (currently the Wellbeing Promotion Department) in 2014, a role that saw her developing
and implementing Companywide well-being projects and well-being programs targeting seniormanagement and eventually becoming a major proponent of well-being management aimed atrealizing happier people, organizations, and societies. Kojima became an executive officer at theCompany in 2019, and currently offers guidance to the Japan Society for Occupational Health andconsultations regarding public health, social medicine, and occupational health.

■ Company Overview
Name: MARUI GROUP CO., LTD.
Head Office: 3-2, Nakano 4-chome, Nakano-ku, Tokyo 164-8701, Japan
Telephone: 03-3384-0101 (Receptionist); Fax: 03-5343-6615
Corporate Website: https://www.0101maruigroup.co.jp/en/
President and Representative Director: Hiroshi Aoi
Major Affiliates: Epos Card Co., Ltd.; MARUI CO., LTD.; M & C SYSTEMS CO., LTD.; etc.
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