Consolidated Financial Highlights for the fourth Quarter of FY2023 (2022/10-2023/09) OPEN HOUSE GROUP CO., LTD. [3288 TSE] FY2023 Topics FY2023 Topics ◆ Achieved exceeded  The mid-term management plan“Ikoze iccho! 2023” by a large margin Business performanc e 4Q FY2023
[120.6％YoY] [119.2％YoY] [118.2％YoY] Forecasts of the financial results FY2024 Shareholder Returns M&A Sanei Architecture Planning Co., Ltd. became a wholly-owned subsidiary in November 2023. As Open house group, M&A will also be a major growth driver.画OPEN HOUSE GROUP
shares ：1.82%) FY2023 Topics
◾ Updated the record high in net sales and profit for the eleventh consecutive year since listing in FY2013. Note:  Since the Company conducted a 2-for-1 stock split in FY2015 and FY2019, the dividends are calculated on the assumption that the stock split was conducted in FY2013.典OPEN HOUSE GROUP m 1. FY2023 Consolidated Financial Summary open for the content of 1. FY2023 Consolidated Financial Summary Consolidated Statements of Income (Summary) ■  Updated the record high in net sales and profit for the eleventh consecutive year.
Net sales   (¥ Billion) 1,148.4 FY2021 FY2022 FY2023
画OPEN HOUSE GROUP
1. FY2023 Consolidated Financial Summary Performance by Segment (Net Sales/Operating Profit) ◾ Sales and profit increased in all segments.

画OPEN HOUSE GROUP
1. FY2023 Consolidated Financial Summary Single-family Home Related Business (Overall) Business performance was in line with plans due to strong demand for family housing in urban areas.
(¥ Million) Net sales (¥ Billion) Changes in the average price for new condominiums in Tokyo Metropolitan and average price for the Company's single-family homes (built-for-sale) (¥ Million) 90 80 70 60 50 40 30 Average price for new condominiums in Tokyo Metropolitan 59.08 58.71 59.80 60.83 62.60 86.18 62.88 43.48 44.35 43.88 43.31 42.06 46.90 46.11写2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Source: Real Estate Economic Institute "Metropolitan Area Condominium Market Trends" Fiscal year: Calendar year (January-December) for condominiums. For our detached houses, the period is from October of the previous year to September of the current year, for the Tokyo metropolitan area. Operating profit (¥ Billion) 7 1. FY2023 Consolidated Financial Summary
■ Tailwind factors receded, resulting in price increases and shortages in central Tokyo area and inventory adjustments in surrounding areas due to excess stock. ◾ Uncompetitive and weak companies likely to be eliminated from the market in future. Scope： Sales (built-for-sale + land), not including contracted work 1. FY2023 Consolidated Financial Summary Condominium Business ■ Sales and operating income doubled on the back of strong demand for condominiums. Building completion and deliveries implemented as planned. ■ Affordable condominiums for small households are in high demand amid a shortage of condominiums in central Tokyo.

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1. FY2023 Consolidated Financial Summary
Property Resale Business
Achieved sustainable growth through superior information volume. Affordable price range for ■ both individuals and companies to invest in. ■ Wealthy consumers continue to seek investment opportunities for surplus funds. Expanding client base beyond Japan to other Asian investors.
Net sales  (¥ Billion) Gross profit (¥ Billion) FY2021 FY2022 FY2023 Breakdown of properties owned (Number of properties as of the end of
画OPEN HOUSE GROUP
1. FY2023 Consolidated Financial Summary Other Segment (U.S. Real Estate Business) Definite increase in transactions with active wealthy individuals with high motivation to invest ■ Solid motivation to diverge into dollar-denominated assets, even with weak yen
Business model-One-Stop Service Offering of properties that our local offices selected for domestic wealthy investors
¶ OPEN HOUSE GROUP
1. FY2023 Consolidated Financial Summary
As well as in the Tokyo Metropolitan area, demand for condominiums in the Kansai area was strong in terms of both investment and actual demand. The company continued to grow and achieve high profit margins after joining the Group.
(¥ Million) Net sales   (¥ Billion) Operating profit  (¥ Billion)
¶ OPEN HOUSE GROUP
1. FY2023 Consolidated Financial Summary
1. FY2023 Consolidated Financial Summary Consolidated Balance Sheet Maintained a sound financial position. Completed M&A of SANEI ARCHITECTURE PLANNING CO., LTD. in an agile manner by maintaining investment capacity.

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1. FY2023 Consolidated Financial Summary Inventory Details
(¥ Billion) (¥ Million) 3Q FY2023 ¶ OPEN HOUSE GROUP 4Q FY2022 1. FY2023 Consolidated Financial Summary

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2. Management policy of three years open for the Corporate Philosophy and Our Mission Corporate Philosophy ■ Remain committed to pursuing "Houses that customers want" honestly and constantly. ◾ Attract a wide range of motivated people and create an organization that rewards results. ◾ Increase performance and expand the scale of our business, and be a real estate company needed by society. Our Mission Supplying Affordable Housing in the Metropolitan Areas. 2. Management policy of three years Profit assumption and Policy of three years(FY2024～FY2026) Profit assumption Net income (Cumulative total for three years) ¥ 250 billion ■ Assuming net income of ¥80.0 billion per year for 3 consecutive years, plus negative goodwill of ¥12.5 billion in FY2024. ■ Excludes increase in profit due to M&A activity conducted after acquisition of SANEI ARCHITECTURE PLANNING CO., LTD. Shareholder Return Policy Policy Financial Policy 35% Capital adequacy ratio 1 time or less Net D /E Ratio (2) Investment and Growth Policy Investment amount (Cumulative total for three years) ¥ 500 billion Shareholder return amount (Cumulative total for three years) ¥ 100 billion 2. Management policy of three years (1) Financial policy ■ Increase equity ratio to 35% or more in preparation for diversifying financing methods, such as corporate bonds. Changes in capital adequacy ratio
Indicators to focus on Capital adequacy ratio 30% Net D /E Ratio time or less ROE 20% FY2024 FY2025〜 15% 2. Management policy of three years Growth investment policy (2) ■ Expect to invest 500 billion yen in total over the next 3 years. *1  Existing businesses, etc. include the increase in inventories, and M&A includes the increase in interest-bearing debt. Changes in investment amount(¥ Billion) Investment breakdown M&A Domestic ¥ 300billion (Multiple projects) Including Sanei Architecture Planning (¥ 100billion) ¥ 50billion U.S.A. Existing business investment Increase in inventory (Domestic/Overseas) ¥ 100billion US development business、DX、 sustainability etc ¥ 50billion画OPEN HOUSE GROUP 2. Management policy of three years (2) Growth investment policy (actual of M&A) Our M&A activities to date have delivered a steady track record of success.
OPEN HOUSE January 2015 ¥7.9billion Net before M&A Immediately FY2023 sales ¥29.1billion*2 ¥102.5billion October 2018  ¥27.3billion Net Immediately before M&A FY2023 HAWK ONE ¥65.3billion*3 ¥135.3billion May 2020 January 2021
*1 Amount paid for acquisition of stock (excluding increase in interest-bearing debt) *2  Results for FY2014 (full year) *3 Results for FY2018 (11-month financial results) *4  Our consolidated results for the fiscal year ending September 2023 Design Your Life October 2023  ¥42.9billion
2. Management policy of three years (2)   Growth investment policy (market size of Single-family home related business) ■ Market share in existing expansion areas are about 11%, room for further expansion ■ Market share in operating areas is still about 10%, with room for further expansion. Number of sales centers by area Market size in our area Trends in the number of new construction starts 2. Management policy of three years (2)
■ Housing-price-to-income ratios are also rising in major cities worldwide, creating a societal problem. Our efforts have made it possible for us to offer high-quality, affordable housing, even in central urban areas. Ratio of house prices to annual household income in major cities around the world Trends in the average price of new condominiums in Tokyo's 23 wards Source: Real Estate Economic Research Institute "Nationwide new condominium market trends 2022" Real Estate Economic Research Institute "Nationwide new condominium market trends 2022" Tokyo Kantei “Average Price of Newly Built (Small) Single-Family Houses“ (2022) Daiwa Institute of Research: "In Tokyo's 23 wards, the median annual income for households with children in their 30s approaches 10 million yen." 2. Management policy of three years (2)
■ Financial assets held by Japanese people are on the rise, Developing a “622 trillion yen” wealthy market with demand for asset diversification ■ Capture investment demand for inflation-resistant, leveraged physical real estate. Source: Nomura Research Institute, Ltd. News release "News Release "Nomura Research Institute estimates that there are 1.49 million affluent households in Japan with total net financial assets of 364 trillion yen." HOUSE GROUP 2. Management policy of three years
■ Provide U.S. real estate to wealthy Japanese clients and Japanese real estate to wealthy Asian clients. 2. Management policy of three years
■ Invest US$30 million per project and US$100 million per year, primarily in rental housing ■ Provide affordable housing in U.S. metropolitan areas where economic growth is expected due to population and employment growth. Utilize experience gained in the U.S. real estate business and plant seeds for future development of investment products for ■ EN HOUSE GROUP 2. Management policy of three years
■ Expect to shareholder return 100 billion yen in total over the next 3 years. ■ In addition to providing stable dividends, we will also consider share buybacks in a flexible manner. Changes in shareholder return amount (¥billion) Indicators to focus on ■ Stable dividend (Dividend payout ratio over 20%) ■ Flexible stock acquisition Acquisition of treasury stock Total amount acquired 2.2 millio Number of shares acquired (Percentage of total number of issued shares ：1.84%) Acquisition period November 2023～April 2024 FY2018-FY2020 FY2021-FY2023 FY2024-FY2026 2. Management policy of three years
■ Achieved continued growth since our listing in FY2013.Our sales have grown 11-fold and operating income 14-fold over the past 10 years Note:  Since the Company conducted a 2-for-1 stock split in FY2015 and FY2019, the dividends are calculated on the assumption that the stock split was conducted in FY2013.典OPEN HOUSE GROUP 2. Management policy of three years Track record ■ Continue expanding our business domain, pursuing M&A, and conducting share buybacks while maintaining a sound financial position. M & A OPEN HOUSE Architect Acquisition of treasury stock ¥185.Obillin Expand business area Resale U.S. Real Estate General construction ¥88.3bilion ¥20.2billion 3. Consolidated Business Performance Forecasts for FY2024 open rouse 3. Consolidated Business Performance Forecasts for FY2024
■ A year that will test our ability to deliver business performance without a tailwind environment Environment which enables us to differentiate ourselves from competitors.

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3. Consolidated Business Performance Forecasts for FY2024
画OPEN HOUSE GROUP 3. Consolidated Business Performance Forecasts for FY2024
Gross profit (¥ billion) FY2023 FY2024 4. Positioning of FY2024 4. Positioning of FY2024 Positioning of FY2024 ormalize management of SANEI ARCHITECTURE PLANNING CO., LTD.)
Reinforce our internal operations in preparation for the next stage PMI(Strengthen the system of Sanei Architecture Planning) ■ Restore creditworthiness of SANEI ARCHITECTURE PLANNING CO., LTD and normalize management by making it a wholly-owned subsidiary. ■ Achieve synergies between Open House and SANEI ARCHITECTURE PLANNING CO.,LTD to increase the corporate value of both companies. 4. Positioning of FY2024
■ Renewed management structure of SANEI ARCHITECTURE PLANNING CO., LTD to normalize management
典OPEN HOUSE GROUP 4. Positioning of FY2024

◾ Expected synergies
Open House Group
Supplying Affordable Housing in the Tokyo Metropolitan Area. ■ ■ ■ Procurement of convenient and desirable locations Strong sales capabilities Ability to develop communities for the next generation and solve related challenges
Sanei Architecture Planning
Realizing both public aesthetics and customers' dreams ● Industry-leading design quality ● Supply capability via integrated in-house structure ● High performance and quality
Synergy
Leverage housing supply capabilities of SANEI ARCHITECTURE PLANNING CO., LTD and sales expertise of Open House to enhance the single-family home business of both companies. Enhance product lineup by adding SANEI ARCHITECTURE PLANNING CO., LTD's design-oriented single-family homes. Increase cost competitiveness by leveraging economies of scale for procurement. Foster further collaboration between MELDIA Development & Construction CO., LTD., a subsidiary of SANEI ARCHITECTURE PLANNING CO., LTD, and Pressance Corporation, primarily in the Kansai region. Stabilize and facilitate transactions with financial institutions for SANEI ARCHITECTURE PLANNING CO., LTD 4. Positioning of FY2024
■ Addition of MELDIA Development & Construction CO., LTD. strengthens Group's general construction function for RC buildings. OPEN HOUSE Architect IメルディアDC Sales trends of RCgroup (¥ billion) 40.0 4. Positioning of FY2024 Important issues(Materiality) Reform governance and compliance framework Enhance customer satisfaction Strengthen hiring of key talent 4. Positioning of FY2024
■ Respond to issues faced and assess risks Restructure our systems to deliver greater customer satisfaction (1)Training for senior management Conducted training run by outside attorneys for senior management of OHG and major subsidiaries. (2) Regular compliance testing Conduct regular tests to improve employees’ understanding of compliance (3) Compliance risk assessments Introduce risk assessments by legal firms for critical workflows (4) Separation of sales operations from contracting operations From July 2023, explanation of important contract details will be performed by a dedicated specialist department (100% remote operation) (5)Strengthening of quality control systems in construction of single-family homes
4. Positioning of FY2024 Improving customer satisfaction ■ Corporate Principles: “All decisions are made by customers” ■ Instill a corporate culture that places customer satisfaction above all else Majority of customer complaints are related to (1) sales, or (2) construction. (1) Matters related to sales (2) Matters related to construction
画OPEN HOUSE GROUP 4. Positioning of FY2024 Strengthening human resource recruitment ◾ Our people are the source of the Group's growth. ■ Hiring key talent is one of our key management priorities. Changes in the number of personnel ■ Corporate Philosophy “Attract a wide range of motivated people and create an organization that rewards results." ■ The President & CEO takes the lead in hiring efforts and has assigned top salespeople from each business division to serve as recruiting staff. FY2013  FY2014  FY2015  FY2016  FY2017  FY2018  FY2019  FY2020  FY2021  FY2022  FY2023 Reference: Sanei Architectural Design Co., Ltd.: 1,165 people (consolidated as of the end of August 2023) is not included 5. Sustainability Sustainability Realization of a sustainable society, made possible by Open House Group典OPEN HOUSE GROUP 5. Sustainability Important Issues （ Materiality ） ■ Promotion of sustainability (realization of a sustainable society and company) ▷ Maximization of the value of our human capital ▷ Creation of safe and healthy lifestyles ▷ Contribution to a carbon neutral society
■ Employment rate of people with disabilities reached 2.9%. ◾ The Group's initiatives have received awards from the government and local municipalities. Chiba prefecture  「Full of smiles！Friendly office」 (Excellent establishments that employ people with disabilities) Yokohama city  [Introduction of good examples of employment of people with disabilities] Changes in the number of employees and employment rate Developed "operation centers" at three locations to handle the transfer of administrative work within the group. 【Hachioji Office】 Capacity: 50 people 【Yokohama Office】 Capacity: 70 people 【Kashiwa office】 Capacity: 30 people 5. Sustainability
■ Support for balancing childcare and work Babysitter allowance up to ¥300,000 per month. April 2023 ■ Launched "Single Parent Allowance" Eligible employees: Employees who are single parents and have children of elementary school age or younger as dependents. Amount paid: ¥50,000 per family per month
Realizing health and safe living
■ 「Corporate Health and Wellness Declaration」 We aim to achieve sustainable business growth while ensuring a healthy and fulfilling life for our employees. ■ [Promotion Framework]   We are establishing a framework for improving the mental and physical health of employees as well as the work environment.
< Health management related data > * Scope：OHG、OH、OHD 5. Sustainability
Launched a decarbonization initiative at OPEN HOUSE ARENA OTA, which is part of a regional development ■ initiative. ◾ Achieved carbon-free energy use  at Gunma Crane Thunder's home games during the 2023-24 season. (1) Carbon-free at OPEN HOUSE ARENA ① Environmental value： (2) Supply of renewable energy electricity through Ouchi Link Really 100% renewable energy (Carbon-free using non-fossil value designated as renewable energy) ② Target： Home games held at OPEN HOUSE ARENA OTA (23 games from October 2023 to March 2024) ③ Related parties： V-Power Co., Ltd.、Ota Electric Power Co., Ltd.、 Ota City, Gunma Prefecture ①Commenced service in the Kanto area in October 2022. Customers who purchase a single-family home and enter into a contract for electricity provided by OuchiLink are supplied with 100% renewable energy. ②More than 4,600 contracts in total have been concluded as of September 2023. !! OPEN HOUSE GROUP 5. Sustainability
■ The second positive impact financing will be implemented by Mizuho Bank in September 2023 ■ Set KPI for sustainability initiatives and obtain third-party evaluation Positive Impact Finance*¹ (Mizuho Bank, Ltd.)
*¹: Positive Impact Finance is borrowing in line with the Positive Impact Finance Principles
  proposed by the United Nations Environment Programme and Finance Initiative (U ent of the three dimensions of sustainable development (environ Positive Impact Finance (Resona Bank, Limited)
Syndicated loans under ESG/SDGs Assessment*² (Sumitomo Mitsui Banking Corporation)
*². It is a syndicated loan whereby a borrower’s ESG/SDG related activities and information
   disclosure' are  assessed at the time  of  syndication, in  accordance  with 画OPEN HOUSE GROUP 5. Sustainability Improving corporate image ■ Our rating has improved every year in the prominent ESG Ratings. ◾ In the future, we aim to improve the brand image among business people. ESG Rating history FTSE Russell Included in the ESG Index 6. DX  ( digital transformation ) s on house of the 6. DX ( digital transformation ) Reducing time and increasing information volume through digital transformation (DX) ■ In our DX strategy created in 2021, we have set KPIs for “time reduced” and “information volume” (*). ■ DX supports our KGIs of “sales growth” and “shorter business term” , increasing our corporate value. ✓ Positioning of KPI in our KGI and DX promotion *1 DX Strategy September 17, 2021 "Notice regarding formulation of digital transformation strategy" Utilize cutting-edge technologies such as AI and RPA to reduce man-hours and improve productivity. Promote shortening of business periods and work style reform. We collect and utilize a variety of data to reflect customer needs in products, speed up decision- making, and optimize employee behavior. Expanding business opportunities. Area of digital transformation ✓ Status of DX promotion related business, condominiums, and Property resale典OPEN HOUSE GROUP 6. DX ( digital transformation ) Enhancing our framework for DX promotion and hiring/training of digital talent ■ Our IT Systems Department and Digital Strategy Department  oversee DX promotion across the Group. ■ Developing measures for hiring and training digital talent, a key element of DX promotion, to contribute to our further growth. ✓ Strengthening DX promotion system and digital human resources ✓ Recruit and develop digital human resources to grow the group DX promotion at major group companies is overseen and managed by IT Systems Department and Digital Strategy Department to optimize processes Group-wide.
✓  Measures for recruiting and training digital human resources “DX promotion program” For the growth of our group,Developing measures for recruiting and training digital human resources ◄ OPEN HOUSE GROUP 6. DX ( digital transformation )
■ Conducting in-depth analysis of sales activities, an area of strength, using data science and AI. Launched a pilot project to investigate factors that lead to contract closure and identify best practices. ✓ Examples of challenges and expected effects Risks due to external factors From quantity to quality sales ✓ Execution image ①Collect and quantify sales activities in more detail ② Analyzing the collected data ③ Formulate a hypothesis ④ Reflect and implement in sales activities Examples of data to be collected and analyzed: Content of contact, Property characteristics, Number of contacts, Duration of contact, Interval of contact, Characteristics of OPEN HOUSE GROUP 7. Supplemental Financial Data open rouse of the 7. Supplemental Financial Data
7. Supplemental Financial Data

典OPEN HOUSE GROUP
8. References
in urban areas. Net migration into urban cities (Persons) Source: MIC, "Report on Internal Migration in Japan based on Basic Resident Register" Number of households in major cities OPEN HOUSE GROUP 8. References
Trends in double-income households/households with full-time housewives (nationwide) Changes in attitude toward work among women (nationwide) Source: "White Paper on Gender Equality 2020", Cabinet  Office, Government of Japan Labor force survey, the Ministry of Internal Affairs and Communications Source: "White Paper on Gender Equality 2020," Cabinet Office, Government of Japan OPEN HOUSE GROUP 63 8. References
Future population and household estimates for Japan (million people/million households) (Number of people per household) Sources: 1980-2015 : "2015 Population Census", Statistics Japan 2015-2040 : " Population Projection for Japan, 2018 projection ", "Household Projections for Japan , 2018 projection ", the National Institute of Population and Social Security Research Number of people per household was calculated by dividing the total population by number of households. Future household estimates for urban areas (index) Sources: Numbers of households by city were projected with reference to "Household Projection for Japan (National Projection)" and "Population Projection for Japan by Prefectures" for 2018 projection, published by the National Institute of Population and Social Security Research, and were converted to indicators with actual results of 2010 set at 100. 8. References
spending power. Household income and Individual income (Tokyo's 23 wards) Source: Annualized based on the actual monthly income of households (working families) with two-or-more person household, obtained from the report "Family Income and Expenditure Survey," the Ministry of Internal Affairs and Communications Calculated by diving taxable income by the number of taxpayers, based on data obtained from the report "Survey of Taxation of Municipal Inhabitant Taxes, etc." by the Ministry of Internal Affairs and Communications Household income and Individual income (nationwide) 8. References
Construction costs per m (in Tokyo) (¥ Thousand / ㎡) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: MLIT "Housing Starts" The average construction cost per m was calculated by dividing the estimated construction cost by the total floor area. Data for ready built wooden single-family homes were used for single-family homes and data for RC and SRC apartment buildings were used for condominiums. Source: MILT  "Prefectural Land Price" The standard land price as of July 1 each year is determined by prefectural governors. The land price index of each year was calculated by using the rate of change from the land price by use in 2011, which was indexed to 100. Land price by use (in Tokyo's 23 wards) O P E N  H O U S E G R O U P 8. References
decrease in number of new condominiums supplied. Number  and average price of new condominiums supplied in Tokyo’s 23 wards Source: MILT, "Monthly Report of Real Estate Market Trend" 』OPEN HOUSE GROUP 8. References
Trends of average prices of new condominiums and ratios of the first month’s sales to total sales in Tokyo’s 23 wards Source: “Monthly Report of Real Estate Market Trend” published by Land General Information Library of the Ministry of Land, Infrastructure, Transport and Tourism.典OPEN HOUSE GROUP 8. References
by major real estate companies. Trends in the market share of seven major real estate companies in new condominiums in the Tokyo metropolitan area Source: The share of new condominium sales in the Tokyo Metropolitan area in “Condominium Market Trends” by Real Estate Economic Institute Co., Ltd. * Seven major real estate companies: Sumitomo Realty & Development, Daikyo, Tokyu Land, Tokyo Tatemono, Nomura Real Estate Holdings, Mitsui Fudosan, Mitsubishi Estate HOUSE GROUP
House price to income ratio and household income of single-family home purchasers (in Tokyo) Source: "Customer Survey on Flat 35 Users" by Japan Housing Finance Agency Compiled using data of housing loans approved from April through March of the following year Single-family homes: New home purchase funds (detached house, etc.); Condominiums: New condominium purchase funds (apartment buildings) Household income is the total of income of home loan applicants and income of his or her spouse or other person(s) living in the same household Home price to income ratio is calculated based on the total necessary funds including funds on hand. House  price to income ratio and household income of condominium purchasers (in Tokyo) 8. References
Age distribution of single-family home purchasers (in Tokyo) Age distribution of condominium purchasers   (in Tokyo) Source： Japan Housing Finance Agency Compiled using data of housing loans approved from April through March of the following year. Single-family homes: New home purchase funds (detached house, etc.); condominiums: new condominium purchase funds (apartment buildings)画OPEN HOUSE GROUP
by adopting a dominant strategy. New single-family housing starts in our service areas (thousand households)
Sources: "Construction Statistics", "Housing Starts", the Ministry of Land, Infrastructure, Transport and Tourism.
Calculated by dividing number of properties delivered in each period of the Group by the number of construction starts by area in each year. Until FY2018: Only Open House Development is included From FY2019: Hawk One is included. FY2021 figures are estimates divided by the number of housing starts by area in 2020 due to the penod for statistical. O P E N  H O U S E G R O U P
Building stock of wooden single-family homes by construction period Housing situation in Japan
Before 1980 1981 or later 1,721 ■ The average age of homes rebuilt in Japan is 37.0 years. *1 ■ The average site area per single-family home lot in Tokyo's 23 wards in 1988 was 40.3 tsubo (1,431.6 sq. ft). *2 ■ The average site area of single-family homes developed by Open House is 17-18 tsubo (600-640 sq. ft), enabling it to build two homes per single-family home lot. Sources: *1     "Customer Survey Report on the Purchase of Detached Houses in the Fiscal Year 2017" by Japan Federation of Housing Organizations *2    "Housing and Land Survey in 1988" by the Ministry of Internal Affairs and Communications Sources: "Housing and Land Survey in 2018" by the Ministry of Internal Affairs and Communications 8. References Outstanding loans have been increasing although new loans financed to the real estate industry have declined slightly. (%) 110 100 ¶ OPEN HOUSE GROUP 8. References
9 9 9 3 9 m 3 3 2019 2020 2021 2022 2023 ¶ OPEN HOUSE GROUP 17.1% 8. References Demand for property resale transactions is strong as shown by an increase in rent price and a decline in returns from property resale transactions. Source: MIKI OFFICE REPORT TOKYO Source: Japan Real Estate Institute, "The Japanese Real Estate Investor Survey" OPEN HOUSE GROUP O P E N HOUSE GROUP https://openhouse-group.co.jp/ir/en/ ——Disclaimer —— This document contains forward-looking statements concerning future business performance. These statements include company forecasts based on information available at the time of publication and involve potential risks and uncertainties. They do not constitute a guarantee of future results. The information provided herein is subject to change without notice; no guarantees are provided with regard to the accuracy or reliability of such information. This document is provided for informational purposes only. It does not constitute a solicitation to invest. This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.