Regional Revitalization Through Business Collaboration in the Miyazaki Area

「Miyakō City, a shopping mall owned by the Company in Miyazaki Prefecture, is being renovated to better serve local lifestyles and become the leading store in the area. By combining new offerings, including the first stores in Miyazaki Prefecture and representative local cuisine, with local culture in its tenant mix, the Company is seeking to increase sales by targeting customers in their 30s and 40s in addition to its traditional customer base, which has centered on people aged 50 and older. Its smart agriculture support business, which has already commenced in Miyazaki Prefecture, is also expected to generate synergies, including expanded sales channels. The Company has also decided to acquire all shares of Miyazaki Sunshine FM Co., Ltd., a community FM broadcaster that produces locally rooted programs and broadcasts emergency disaster information during disasters, and completed the acquisition of all shares on 3 June 2019. By linking these individual businesses, the Company will support the revitalization of the Miyazaki area.」