To Our Shareholders and Investors

We would like to thank all of our shareholders and investors for their continued support. MUGEN ESTATE Co. Ltd. was listed on the First Section of the Tokyo Stock Exchange (TSE) on February 5, 2016. The fact that we achieved this and have taken the step up to a new level just one year and eight months after listing on the TSE Mothers Market is thanks to all of your support and understanding. We therefore take this opportunity to express our sincerest gratitude.

As a pioneer in the used property market of purchase and resale business in the Tokyo Metropolitan Area, we have steadily built an impressive track record over a quarter of a century, focusing particularly on the purchase and resale of residential property. Looking ahead, we are determined to establish the redevelopment of investment-type properties as a new growth driver, in an effort to enhance Mugen Estate's market value even further and increase recognition amongst end users.

As a company that is keen to contribute to society, we are committed to continually expanding our operations and enhancing corporate value, so that we can maintain our reputation as a company that has long been trusted by all of its stakeholders.

We hope we can continue to rely on support and guidance from all of our shareholders and investors in the future.

Shinichi Fujita

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