Kasumigaseki Capital Co., Ltd. · TSE:3498

Kasumigaseki Capital — H1 FYE8/2026 Earnings Presentation

68 slides from Kasumigaseki Capital's earnings presentation, Apr 3, 2026

Slide 1: Presentation Materials of H1 FYE8/2026 Financial Results
Kasumigaseki Capital Co., Ltd. Presentation Materials of H1 FYE8/2026 Financial Results Apr. 3, 2026 Kasumigaseki Capital Co., Ltd. TSE Prime Market (Securities Code: 3498)
Slide 4: Summary
Summary ◼ Set a new record for H1 with net sales of ¥61.1 bn, operating profit of ¥8.0 bn, and profit attributable to owners of parent of ¥4.9 bn. H1 FYE8/26 Highlights ◼ Built up inventory* to ¥56.4 bn, steadily securing stock to meet the FYE8/26 target. ◼ Plan to pay a dividend of ¥165 per share f
Slide 5: H1 FYE8/2026 Full-Year Forecast and H1 Progress
H1 FYE8/2026 Full-Year Forecast and H1 Progress (Millions of yen) Profit attributable to Net sales Operating profit owners of parent 16,500 H1 H2 150,000 H1 H2 H1 H2 26,500 18,933 96,501 88,884 10,250 11,549 18,435 8,537 65,685 62,751 14,128 7,797 8,537 5,020 4,442 44,868 61,116 6,546 3,728 8,065 4,
Slide 6: YoY Comparison of H1 FYE8/26 P&L and Progress Toward Full-Year Forecast
YoY Comparison of H1 FYE8/26 P&L and Progress Toward Full-Year Forecast YoY Change Progress Toward H1 FYE8/25 H1 FYE8/26 Full-Year FYE8/26 (Millions of yen) (B – A) Full-Year FYE8/26 Actual (A) Actual (B) Forecast (C) (B/A – 1) Forecast (B/C) Net sales 33,750 61,116 150,000 +27,366 40.7% (+81.1%) Gr
Slide 7: H1 FYE8/2026 Analysis of Changes in Operating Profit
H1 FYE8/2026 Analysis of Changes in Operating Profit Operating profit increased by ¥3.2 bn YoY, despite higher personnel costs and travel and transportation expenses resulting from business expansion and overseas business development. (Millions of yen) ▲1,117 7,182 ▲458 ▲243 ▲2,104 8,065 YoY change
Slide 8: BS Comparison H1 FYE8/26 vs Previous Year-End
BS Comparison H1 FYE8/26 vs Previous Year-End As of As of As of As of Difference % of total Difference % of total (Millions of yen) Aug. 31, Feb. 28, (Millions of yen) Aug. 31, Feb. 28, (B – A) assets (B – A) assets 2025 (A) 2026 (B) 2025 (A) 2026 (B) Cash and deposits 24,016 42,849 18,833 26.2% Sho
Slide 9: H1 FYE8/2026 Project Pipeline and AUM
H1 FYE8/2026 Project Pipeline and AUM Built up projects steadily, up ¥142.6 bn from the previous fiscal year-end. Total project value for pipeline and AUM grew to ¥806.2 bn. (Billions of yen, unless otherwise stated) As of Aug. 31, 2025 As of Feb. 28, 2026 Change Change No. of Project value* No. of
Slide 10: H1 FYE8/2026 Progress of AUM
H1 FYE8/2026 Progress of AUM Total project value, including pipeline, reached ¥806.2 bn. (Billions of yen) Pipeline (Land secured) Up 142.6 AUM (Construction started/completed) 318.3 269.5 806.2 487.9 394.1 333.0 306.1 232.9 217.7 165.6 123.9 78.7 31.5 Aug. 2021 Feb. 2022 Aug. 2022 Feb. 2023 Aug. 20
Slide 11: FYE8/26 Trends in Consolidated Net Income (Cumulative)
FYE8/26 Trends in Consolidated Net Income (Cumulative) Net income hit an all-time high for H1 of ¥4.9 bn. 16,500 (Millions of yen) 10,250 5,020 4,951 4,053 2,627 2,453 2,034 2,002 1,292 224 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FYE8/24 FYE8/25 FYE8/26 Copyright(c) Kasumigaseki Capital Co., Ltd. ALL Ri
Slide 14: Topic (1): Progress Made So Far
Topic (1): Progress Made So Far Procured 10 projects Recognized as revenue 8 projects Osaka Nippombashi Hotel PJ Osaka Nippombashi Hotel PJ Hakata-eki Minami Hotel PJ Nagoya Naka-ku Hotel Rebranding PJ II Okayama Hinase Hotel PJ Kamakura Yukinoshita Hotel PJ Miyazaki Aoshima Hotel PJ Land sold Fujik
Slide 15: Topic (2): New Brand HOTEL FORK & KNIFE
Topic (2): New Brand “HOTEL FORK & KNIFE” Launched a new cultural retreat hotel brand “HOTEL FORK & KNIFE” in Miyajimaguchi, Hiroshima, with “culinary experience” placed at the core of the stay. Restaurant celebrating local produce through wood-fired gastronomy Natural hot spring overlooking Miyajim
Slide 16: Topic (3): Performance of Recently Opened Hotels
Topic (3): Performance of Recently Opened Hotels Enhanced brand power has significantly accelerated the growth of hotels in their early days. RevPAR of recently opened hotels in Sapporo and Gotemba have reached a stable growth level in six months. RevPAR trend line for the first six months after ope
Slide 17: Brand Lineup
Brand Lineup self hospitality x Local Discovery self hospitality x Luxury self hospitality Stay together, Play together Where luxury goes to play edit your stay Brand family equipped with an operating system FHG HOTELS = self hospitality Employing a multi-brand strategy to capture different demands
Slide 18: Platform Circulating Capital, Scale, and Demand
Platform Circulating Capital, Scale, and Demand Instead of growing through holdings, amplifying through structure Finance x Real estate Technology x Franchise Mechanism to amplify “capital” Systems to “scale up” through reproducibility ・Establishing a sustainable cycle through REIT ・Turn operations
Slide 19: Creative Partner
Creative Partner Design Food & Beverage Lifestyle Music Studio PDP fridays ref. Alan Walker (DJ) Founded in London in Centered around food, we "ref." is a Hiroshima-based Alan Walker is a 1994. Driven by a deep combine diverse content— select shop founded by Norwegian DJ and music understanding of d
Slide 20: Events/Media
Events/Media Event A special New Year's show seven x seven ISHIGAKI seven x seven presents Tokyo Weekender 55th Anniversary combining drone light displays and BLACK SAMURAI 2025 THE CAMP feat. Alan Walker SUPER 2025 LESLIE KEE GALLERY Black Tie Charity Gala／TW Icon fireworks ©️BLACK SAMURAI 2025 EVE
Slide 21: Opening Pace Accelerated by Circulation Model
Opening Pace Accelerated by Circulation Model Targeting over 50 properties* / 2,500 rooms in operation by 2028 and beyond, with approx. 10 new openings per year 58 + Room supply market share among Japanese hotels** APA Hotels 6.5% Toyoko INN No. of properties operated (cumulative) 4.1% Non-chain hot
Slide 22: Track Record of Rebranding
Track Record of Rebranding Achieved a GOP of 3.1x in the first year through renovation and optimized operations. 2019 average ADR Occupancy rate RevPAR GOP (index) A culture-focused business hotel that ¥ 5,964 72％ ¥ 4,314 100 supports a comfortable stay and playful Post-opening exploration of the ci
Slide 23: Second Rebranded Hotel to be Opened
Second Rebranded Hotel to be Opened Unmanned convenience store “BL*MART” Lobby & Reception After ▸Guest rooms 126 rooms FUKUOKA ▸Opening April 15, 2026 Guest Room Bath Room After After Copyright(c) Kasumigaseki Capital Co., Ltd. ALL Rights Reserved. 22
Slide 24: Projects in the Planning/Development Pipeline
Projects in the Planning/Development Pipeline Ujiyamada Hotel PJ (49 rooms) Asahikawa Hotel PJ (64 rooms) Bunk Bed Sauna Scheduled to open in summer 2027 Awajishima Sumoto Hotel PJ (59 rooms) Ocean view terrace Schedule to open in winter 2026 Scheduled to open in spring 2027 Yufuin Hotel PJ (39 room
Slide 25: Project Pipeline List
Project Pipeline List Opened (20 projects: ¥66.3 bn scale) Under development (25 projects: ¥110.1 bn scale) Under planning (13 projects: ¥84.9 bn scale) No. of Number of rooms Project name rooms Project name Scheduled opening Project name 1 fav Takamatsu 41 rooms 21 BASE LAYER HOTEL FUKUOKA 126 room
Slide 26: Project Pipeline Mapping
Project Pipeline Mapping Hotels already opened (20) Hotels under development or planning (38) Saitama Tokyo Yamanashi Kanagawa Shizuoka Copyright(c) Kasumigaseki Capital Co., Ltd. ALL Rights Reserved. 25
Slide 27: Kasumigaseki Hotel REIT Investment Corporation
“Kasumigaseki Hotel REIT Investment Corporation” Business model circulation through J-REIT listing, accelerating development Sponsor Support Hotel development & property supply Enhanced profitability through Extensive pipeline hotel operations Asset size at listing Hotel operation expertise Stable e
Slide 28: Demand Environment: Trends in Inbound Demand
Demand Environment: Trends in Inbound Demand The number of foreign tourists visiting Japan has exceeded the pre-pandemic level. With the government positioning tourism as a pillar of economic growth, a significant increase is expected going forward. 60 mn (Thousands of people) Trends in the number o
Slide 29: 2. Logistics Business
2. Logistics Business Rendering of LOGI FLAG TECH Kobe Yasakadai I LOGI FLAG is a warehouse brand run by Kasumigaseki Capital. We will support our customers’ lives and businesses by offering novel, more environmentally friendly logistics bases that meet the needs of the times and customers, includin
Slide 30: Topic (1): Progress Made So Far
Topic (1): Progress Made So Far Land/building transaction settlement Development phase Miyoshi Town, Iruma, Saitama Land settled Land sold Miyoshi Town, Iruma, Saitama 4 projects 1 project Atsugi City, Kanagawa Kyoto City, Kyoto Atsugi Area, Kanagawa * March Construction started Land purchase agreem
Slide 31: Acquisition of Existing Dry Warehouses
Acquisition of Existing Dry Warehouses In the Great Tokyo Area, the vacancy rate of dry warehouses is on a declining trend against a backdrop of a significant decrease in new supply. The rents of these warehouses are expected to rise along with the decline in vacancy rate. Newly supplied area of dry
Slide 32: Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion
Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion With continued economic growth and population increase, Kuala Lumpur is an important hub connecting ASEAN countries, representing a promising market for the logistics industry with rising demand for international logistics, such as t
Slide 33: Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion
Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion The first development project for an automated frozen warehouse is currently underway, steadily building up pipeline candidates in Malaysia. First project (Setia Alaman PJ) Pipeline candidates Concluded a land purchase agreement with
Slide 34: Concepts and Facility Types
Concepts and Facility Types Developing logistics facilities with a focus on frozen & chilled warehouses Frozen & chilled warehouse Automated storage and retrieval system Three-temperature zone warehouse • Adopting refrigeration units using • Automating inbound/outbound • Multi-tenant facility meetin
Slide 35: Initiatives for Social Issues and Award Recognition
Initiatives for Social Issues and Award Recognition Social issues related to the logistics industry Our initiatives Food loss Halving food loss by FY2030 (Government’s target) Award recognition ▶ Promoting the development of Household Household frozen & chilled warehouses that Minister of Agricultur
Slide 36: Project Pipeline List
Project Pipeline List ■Facilities in operation (10 properties: ¥96.5 bn scale) ■Facilities to be developed (13 properties: ¥214.7 bn scale) Total floor Total floor Planned completion NO. Property name NO. Location area* area* of construction Automated frozen (12) 1 LOGI FLAG COLD Ichikawa I 8,609 m2
Slide 37: Projects for Developing Relay Transport Bases
Projects for Developing Relay Transport Bases We will develop 2 relay transport bases, seeing the so-called “2024 problem”—labor shortages due to tighter overtime restrictions for truck drivers—as a business opportunity. 3 hrs 51 mins Tokyo 3hrs 21mins Nagoya 3 hrs 22 mins 3hrs 15mins Fukuroi LOGI F
Slide 38: COLD X NETWORK in Frozen Storage Service Business
“COLD X NETWORK” in Frozen Storage Service Business Flexible frozen storage service that can adapt to changes in demand Conventional warehouses COLD X NETWORK Only for the period & space required x x x Short-term Small-lot storage Urgent availability From one day From one case Start using contracts
Slide 39: Frozen Storage Service Business: Future Vision
Frozen Storage Service Business: Future Vision We are considering operating the frozen storage service according to location characteristics by, for example, providing regular truck delivery and transport between warehouses to store cargo with high inventory turnover in downtown warehouses and those
Slide 40: Factory-Warehouse Integrated Site Factory & Logistics Park
Factory-Warehouse Integrated Site “Factory & Logistics Park” (Provisional Name) A rental-type site that integrates factories and warehouses, contributing to improved business profitability Reduction of inter-site transportation costs and lead time Factory & Logistics Park (Provisional Name) Zero tra
Slide 41: Factory-Warehouse Integrated Site Factory & Logistics Park
Factory-Warehouse Integrated Site “Factory & Logistics Park” (Provisional Name) Building a next-generation supply chain starting from the Factory & Logistics Park and contributing to environmental impact reduction Next-generation supply chain Production & Storage Transportation Factory & Logistics P
Slide 42: Market Environment: Domestic Demand for Frozen & Chilled Warehouses
Market Environment: Domestic Demand for Frozen & Chilled Warehouses While demand for frozen foods continues to grow mainly driven by rising single-person households and women’s social advancement, the space occupancy rate for frozen & chilled warehouses remains tight, especially those in Japan’s 6 l
Slide 43: Market Environment: Reconstruction Demand for Frozen & Chilled Warehouses
Market Environment: Reconstruction Demand for Frozen & Chilled Warehouses There are calls for a shift to frozen & chilled warehouses using natural refrigerants with a lower impact on the global environment. Since there exist many frozen & chilled warehouses with building age of over 20 years, recons
Slide 44: Conceptual Drawing of Our Automated Frozen Warehouse
Conceptual Drawing of Our Automated Frozen Warehouse Unmanned, automated Optimal storage location -25℃ frozen warehouse chosen by a system area No time required to searching Non-contact/non- specific cargo face-to-face work in the freezer Reducing human errors 24-hour automated operation Stacker cra
Slide 45: 3. Healthcare Business
Rendering of a facility to be built under Tokyo Suginami-ku Project 3. Healthcare Business Rendering of a facility to be built under Fukuoka City Project in Fukuoka Copyright(c) Kasumigaseki Capital Co., Ltd. ALL Rights Reserved. 44
Slide 46: New Openings
4 New Openings CLASWELL Shirokanedai CLASWELL Fuchu Nakagawara Opened in November 2025 Opened in December 2025 4 mins walk from 4 mins walk from Access Access Takanawadai St. Nakagawara St. Guest rooms 45 rooms Guest rooms 47 rooms CLASWELL Omiya CLASWELL Toyonaka Kita-Sakurazuka Opened in January 2
Slide 47: Project Pipeline List
Project Pipeline List ■Facilities already launched (11 properties: ¥29.7 bn scale) Total floor No. Facility name Location No. of rooms area Facilities already launched (11) 1 Sumikawa Hospice Minami Ward, Sapporo City 1,539 m2 37 rooms Facilities under development (6) 2 CLASWELL Sengawa Chofu City,
Slide 48: Positioning of Healthcare Business
Positioning of Healthcare Business While demand for hospice residences has been increasing, there are limited number of facilities where users would be happy for their own parents to live or facilities where users themselves would be happy to live. Example: Positioning of senior care facilities and
Slide 49: CLASWELL
Brand Concept “Today was another good day.” A safe medical environment and a life enriched with everyday moments. This is an “open hospice,” What only can offer CLASWELL completely different from spending the final stage in a hospital. Here, people can continue doing what they wish; going where t
Slide 50: Market Analysis
Market Analysis The annual number of deaths in Japan is increasing and is projected to reach 1.66 million by 2040. The proportion of end-of-life care taking place in healthcare facilities is rapidly rising, replacing homes and hospitals. (Thousands Projected number of deaths in Japan 2040 Trends in
Slide 52: Overseas Business Development with a View to Expanding Business Domains
4. Overseas Business: Overseas Business Development with a View to Expanding Business Domains Development of existing businesses Further business expansion Apply know-how cultivated Hotel Business through domestic operations BASE LAYER HOTEL to overseas operations fav Hiroshimaheiwaodori seven x sev
Slide 53: 4. Overseas Business (United States): Topics
4. Overseas Business (United States): Topics Commenced a mixed-use development with a hotel and residences as the 1st project to enter the U.S. Launching a business in Miami, a hub for the affluent, driven by corporate relocations and an influx of new residents. U.S. hotel market First project Deman
Slide 54: 4. Overseas Business (Dubai): Topics
4. Overseas Business (Dubai): Topics Launching development projects utilizing funds as the next growth stage Business model transformation of Dubai operations Signed a memorandum of understanding with Daito Trust Construction as a joint partner Gained local insights in Dubai through real x estate tr
Slide 56: Human Resource Strategy
Human Resource Strategy Increasing investment in “human resources” who create and drive businesses forward Developing an AI-driven organisation, with recruitment efforts focusing on attracting the best talent Recruitment Expertise Human capital investment Enhancing employee Hire 100 people/year Real
Slide 58: Achieved the Phase 1 Medium-Term Management Plan ahead of Schedule
Achieved the Phase 1 Medium-Term Management Plan ahead of Schedule Actual and forecast net income Net income MTMP (Phase 2) 50.0 (Billions of yen) CAGR* approx. 50% 16.5 Revised upward 15.0 MTMP (Phase 1) CAGR* approx. 115% 10.2 Initial plan 5.0 1 phase ahead of schedule 2.0 0.79 1.0 0.23 0.43 0.13
Slide 59: Role of Kasumigaseki Capital
Business Model Real estate business flow Land purchase (approx. 6 months) Development (2 to 3 years) Management (Long-term) Developer Project manager Asset manager ・Site sourcing ・Development structuring ・Support for improving the value ・Development plan formulation ・Project management during of rea
Slide 60: Transition to the Management Phase Across Three Domestic Businesses
Transition to the Management Phase Across Three Domestic Businesses Properties in hotel, logistics, and healthcare businesses have all shifted into the management phase Completion of our business model in all three domestic businesses Hotel Logistics Healthcare One of the largest funds in Japan Japa
Slide 61: Multi-layered Revenue Portfolio
Multi-layered Revenue Portfolio Our revenue portfolio is developing in multiple layers along with business growth. Success fees and recurring revenue are expected to continue to grow. (Billions of yen) Composition of gross profit Gross profit Approx. 36.4 Approx. 10.4 Success fees Approx. Recurring
Slide 62: MTMP: AUM
MTMP: AUM We aim to achieve the AUM target of ¥1.5 trillion for FYE8/2029 by diversifying our business portfolio and scaling up our business size. AUM target (Billions of yen) ¥1.5tn MTMP (Phase 2: 2025–2029) MTMP (Phase 1: 2022–2025) Target 700 scale Actual Actual 394.1 Actual 306.1 232.9 Actual 12
Slide 63: Diversification of Business Portfolio
Diversification of Business Portfolio While diversifying the business portfolio in line with the market environment and challenges, we are considering entry into new domains and M&A with a view toward growth beyond the Phase 2 MTMP. New domains Business portfolio image Overseas Healthcare Logistics
Slide 64: Basic EPS Growth: Track Record
Basic EPS Growth: Track Record Basic EPS is projected to grow 16x since IPO, despite the dilutions of shares. Its CAGR* is expected to reach 53%, outpacing the average annual dilution rate of 10%. (Yen/share) Actual and forecast basic EPS PO Dilution rate 23.7% 16x since IPO 53% CAGR* 672.4** (Forec
Slide 65: Shareholder Returns
Shareholder Returns Implementing a stock split to create a more investor-friendly environment and expanding the investor base, we will continue to strive to return value to our shareholders. (Yen/share) Trends in dividends Dividend for FYE 8/25 200 Dividend* Commemorative dividend 165 120.00 yen 180
Slide 66: Company Profile
Company Profile Company name Kasumigaseki Capital Co., Ltd. (Tokyo Stock Exchange Prime Market: Securities Code 3498) Established/fiscal year-end September 2011 (Fiscal year-end: August 31) Representative Koshiro Komoto, President & CEO Head office 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo Paid-in capit
Slide 68: Notice of e-mail distribution
– Notice of e-mail distribution – We have launched an email distribution service for IR news. If you would like to subscribe, please register using the form on the right. This material contains forward-looking statements regarding future performance forecasts and other matters. These statements are

Kasumigaseki Capital — H1 FYE8/2026 Earnings Presentation on 6ix

Kasumigaseki Capital — H1 FYE8/2026 Earnings Presentation

Slide 1: Presentation Materials of H1 FYE8/2026 Financial Results

Slide 2: Index

Slide 3: H1 FYE8/2026 Financial Results

Slide 4: Summary

Slide 5: H1 FYE8/2026 Full-Year Forecast and H1 Progress

Slide 6: YoY Comparison of H1 FYE8/26 P&L and Progress Toward Full-Year Forecast

Slide 7: H1 FYE8/2026 Analysis of Changes in Operating Profit

Slide 8: BS Comparison H1 FYE8/26 vs Previous Year-End

Slide 9: H1 FYE8/2026 Project Pipeline and AUM

Slide 10: H1 FYE8/2026 Progress of AUM

Slide 11: FYE8/26 Trends in Consolidated Net Income (Cumulative)

Slide 12: Business Overview

Slide 13: 1. Hotel Business

Slide 14: Topic (1): Progress Made So Far

Slide 15: Topic (2): New Brand HOTEL FORK & KNIFE

Slide 16: Topic (3): Performance of Recently Opened Hotels

Slide 17: Brand Lineup

Slide 18: Platform Circulating Capital, Scale, and Demand

Slide 19: Creative Partner

Slide 20: Events/Media

Slide 21: Opening Pace Accelerated by Circulation Model

Slide 22: Track Record of Rebranding

Slide 23: Second Rebranded Hotel to be Opened

Slide 24: Projects in the Planning/Development Pipeline

Slide 25: Project Pipeline List

Slide 26: Project Pipeline Mapping

Slide 27: Kasumigaseki Hotel REIT Investment Corporation

Slide 28: Demand Environment: Trends in Inbound Demand

Slide 29: 2. Logistics Business

Slide 30: Topic (1): Progress Made So Far

Slide 31: Acquisition of Existing Dry Warehouses

Slide 32: Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion

Slide 33: Progress of Logistics Business in Kuala Lumpur for ASEAN Expansion

Slide 34: Concepts and Facility Types

Slide 35: Initiatives for Social Issues and Award Recognition

Slide 36: Project Pipeline List

Slide 37: Projects for Developing Relay Transport Bases

Slide 38: COLD X NETWORK in Frozen Storage Service Business

Slide 39: Frozen Storage Service Business: Future Vision

Slide 40: Factory-Warehouse Integrated Site Factory & Logistics Park

Slide 41: Factory-Warehouse Integrated Site Factory & Logistics Park

Slide 42: Market Environment: Domestic Demand for Frozen & Chilled Warehouses

Slide 43: Market Environment: Reconstruction Demand for Frozen & Chilled Warehouses

Slide 44: Conceptual Drawing of Our Automated Frozen Warehouse

Slide 45: 3. Healthcare Business

Slide 46: New Openings

Slide 47: Project Pipeline List

Slide 48: Positioning of Healthcare Business

Slide 49: CLASWELL

Slide 50: Market Analysis

Slide 51: 4. Overseas Business

Slide 52: Overseas Business Development with a View to Expanding Business Domains

Slide 53: 4. Overseas Business (United States): Topics

Slide 54: 4. Overseas Business (Dubai): Topics

Slide 55: Human Resource Strategy

Slide 56: Human Resource Strategy

Slide 57: Appendix

Slide 58: Achieved the Phase 1 Medium-Term Management Plan ahead of Schedule

Slide 59: Role of Kasumigaseki Capital

Slide 60: Transition to the Management Phase Across Three Domestic Businesses

Slide 61: Multi-layered Revenue Portfolio

Slide 62: MTMP: AUM

Slide 63: Diversification of Business Portfolio

Slide 64: Basic EPS Growth: Track Record

Slide 65: Shareholder Returns

Slide 66: Company Profile

Slide 67: MEMO

Slide 68: Notice of e-mail distribution