#SubsidiaryChange

Mitsubishi Estate has decided to make a preferred investment in Hashimoto Development Special Purpose Company on March 27, 2026, making it a specified subsidiary. The investment amount is JPY 28.4 billion.

Hulic Co., Ltd. consolidated Hamakaze Property LLC as a consolidated subsidiary through an anonymous partnership investment of 16,758 million yen. The board of directors resolved this on January 29, 2026; the impact on earnings is minor and there is no change to the consolidated earnings guidance.

We hereby announce that the fund "Juroku Business Succession Support No.2 Investment Limited Partnership" (total amount: 10 billion yen), established in August 2025, has become our specified subsidiary through our investment. The impact on consolidated results is minimal.