April 26, 2022

1-26-2 Nishi-Shinjuku, Shinjuku-ku, Tokyo

Nomura Real Estate Holdings, Inc.

Representative: Eiji Kutsukake, President and Representative Director (stock code: 3231, TSE Prime Market)

Contact: Hidehiro Sasaki, General Manager of Corporate Communications Department.

TEL: +81-3-3348-8117

Announcement of the formulation of

Nomura Real Estate Group Medium and Long Term Business Plan

Nomura Real Estate Holdings, Inc. hereby announces that Nomura Real Estate Group (the “Group”) has formulated a new medium and long term business plan (hereinafter referred to as “the Plan”) for the period from fiscal year 3/23 to FY31/3.

The Group formulated a medium and long-term business plan (hereinafter referred to as “the previous plan” for the period from FY20/3 to FY28/3) in April 2019 and it was promoted with the objective of reaching 85.0 billion yen in business profit*, ROA around 4 to 5%, ROE around 8 to 9%, and a total return ratio around 40 to 50% for FY22/3.

As a result, the Group achieved its targets of 92.7 billion yen in trading profit, an ROA of 4.7%, an ROE of 9.2% and a total return ratio of 44.3% for the financial year. 3/22.

Meanwhile, the business environment surrounding the Group has changed day by day with increasing complexity and uncertainty, such as the diversification of people’s lifestyles and values, the accelerated advancement of digitalization in fashions everyday life and increased geopolitical risks.

In order to achieve sustained and high earnings growth in the future in such a business environment, the Group believes it is necessary to clarify its vision of “what kind of value do we want to bring to society and customers at the future as a group of companies” and to evolve and transform the approaches and methods of creating value based on this vision.

Based on the recognition of these challenges, we have formulated the plan and, at the same time, a vision for the Group by 2030.

* Commercial profit = operating profit + share of profit of equity-accounted entities + amortization of intangible assets related to business acquisitions

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Vision 2030 of the real estate group Nomura

Within this vision, the plan aims to achieve both high earnings growth with high asset and capital efficiency, and we have positioned continued expansion of domestic real estate development business, high growth management and service sector profits and the steady growth of overseas business as our key strategies. We will firmly communicate the results of the Group’s growth through this plan to our stakeholders.

* Commercial profit = operating profit + share of profit of equity-accounted entities + amortization of intangible assets related to business acquisitions

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* ROA = company profit / total assets during the period (average)

Moreover, considering as new 2

opportunities for growth, the Group has formulated the “Earth Pride” Sustainable Development Policy as the vision of what the Group wants to be in 2050.

Sustainability Policy

Priority issues (materiality) by 2030

• – Respect for the human rights of our employees and all people involved in our business

• – Engagement with business partners based on Nomura Real Estate Group Human Rights Policy

• – Create an organization where diverse staff with varying backgrounds and values ​​can demonstrate their abilities

• – Initiatives aimed at the co-creation of diverse organizations and human resources inside and outside the company

• – Set up the well-being and D&I management committee

  (Chair: Group CEO)

• – Establish the D&I management section. within the Human Resource Development Department as a dedicated management body

• – Improve energy saving performance in new buildings (ZEH/ZEB oriented standards)

• – Implement renewable energy solar power plants in our development properties to achieve RE100 (detached houses, Landport, etc.)

• – Initiatives for carbon neutrality through urban development such as the Shibaura 1-chome project

• – Promote the use of low-carbon materials (wood-based buildings, etc.)

• – Initiatives to conserve biodiversity and absorb carbon dioxide through greening of urban areas and forest traffic activities, etc.

• – Continue efforts to develop products and services to achieve a circular economy (lifespan of buildings, reduction and recycling of waste, etc.) such as “Attractif 30” to lengthen the cycle of major repair work.

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“Earth Pride” revolves around three themes dear to the Group: “In pursuit of humanity”, “Maintaining harmony with nature” and “Building the future together”.

We have identified five priority issues (materiality) that we particularly want to address by 2030 in order to achieve this Sustainable Development Policy. In addition, in order to monitor our progress on these priority issues, we have defined indicators (KPIs)* to measure our performance on issues such as climate change, human rights and diversity.

The Group will continue to work on creating new value through co-creation with various organizations and human resources within and outside the company as a driving force, and to contribute to realizing a sustainable society.

Please see the following website for plan details. https://www.nomura-re-hd.co.jp/english/ir/management/plan.html

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