Third-Party Opinion

Third-Party Opinion

Outside Director

Chiaki Tsuji

MIRARTH HOLDINGS transitioned to a holding company structure in October 2022, as we believe it is essential tofurther strengthen governance and sustainability management, while promoting sustainable growth and building astructure that enables rapid and flexible management decisions.
In addition, we have newly adopted Our Purpose, which is "To design sustainable environments for a happier future
for both people and our planet." from a broader perspective beyond being a comprehensive real estate developer,
and are strengthening ESG management and proactively developing sustainability activities more than ever before.
I am impressed by the Group's recent efforts to conduct environmentally friendly management not only in the realestate business, such as the sale and management of new condominiums, but also in a wide range of otherbusiness areas, including the energy business, hotel business, urban development/urban redevelopment, andasset management business. Above all, we greatly appreciate their contribution to the overall environment throughcooperation with government and municipalities.
Specific initiatives are reported and discussed at meetings of the Board of Directors, management meetings, andvarious committees. In order to gain a deeper understanding, I have visited construction sites and model rooms ofdevelopment projects in which we participate, and through dialogue with each person in charge, from condominium
site procurement to construction and sales, I have observed how each person is diligently working at his or herpost.
I was particularly impressed by the words of a model room sales representative: "The people who visit our modelrooms are all happy people. We are in the business of making them happier." Many of the people who areconsidering purchasing condominiums developed and sold by our group are people who have reached a turning
point in their lives, such as marriage, childbirth, children's higher education, or employment, and are thinking
positively about the purchase of a home. I was able to understand that each employee is working with theawareness of supporting the customers' happier future. On the other hand, we've recognized issues on the groundthat the company needs to address, such as the frequent transfers of sales representatives, the complexity ofadministrative tasks, and working hours.

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One solution to these challenges is digitization through DX promotion. It not only reduces the burden on
employees, but also improves the efficiency of our company's overall operations and reduces the burden on theenvironment. However, model rooms and paper brochures and flyers play an important role in condominium sales.
Therefore, as we move forward with digitization, we need to carefully consider the extent to which these areas canbe digitized.
In our medium-term management plan announced in May 2021, we also set forth key measures such as "DX" and"ESG" to contribute to solving social issues and achieving the SDGs through our business, and to earn the trust ofvarious stakeholders and society and achieve lasting corporate development.
I appreciate the efforts made to achieve this goal and look forward to the Group's further growth and contribution tosustainability in the future.

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Editorial Policy

Editorial Policy of Sustainability Site
This site has been designed to provide stakeholders with a deeper understanding of the MIRARTH HOLDINGS Group’sresponsibilities and initiatives for building a sustainable society and, at the same time, serve as a form of internal and externalcommunication.
The Group's has formulated four key sustainability themes to be undertaken in the medium to long term to enhance oursustainability initiatives with the purpose of offering increased, concrete value to society. Based on these four themes, we are
creating new value through our businesses to solve various social issues.
Moving forward, we will continue to work on the transparent and timely disclosure of information. We hope you can provide uswith your opinions and feedback.

Disclaimer
This site was generated based on data as of the end of March 2023. Opinions and forecasts stated in this site are ourassessments at the time this site was generated, and thus their accuracy and completeness are not guaranteed.

Target Period
While the site covers fiscal year 2022 (April 1, 2022 to March 31, 2023), certain information stated in this site falls outside thistime period.

Scope
Nine companies under the MIRARTH HOLDINGS Group134

For Inquiries
MIRARTH HOLDINGS, Inc. Group Corporate Planning Department(Changed company name from Takara Leben Co., Ltd. on October 1, 2022.)
Tekko Building 16F, 1-8-2 Marunouchi, Chiyoda-ku, Tokyo,JAPAN 100-0005
Phone: +81 3 6551 2125

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