Mitsubishi Estate : Notice Concerning Changes in Organization, Changes in Representative Corporate Executive Officers and Other Personnel (PDF 324KB)

February 17, 2022

To whom it may concern:

Company name: Mitsubishi Estate Co., Ltd.

Representative: Junichi Yoshida

Securities code: 8802

Contact: Motohiro Sato General Manager of

Corporate Communications Department Telephone: [phone]

Notice Concerning Changes in Organization, Changes in Representative Corporate Executive Officers

and Other Personnel

Mitsubishi Estate Co., Ltd. (hereafter "Mitsubishi Estate" or "the Company") hereby announces that it has decided to make the following organizational changes: changes in Representative Corporate Executive Officers and other personnel as well as candidates for Directors to be submitted at the Ordinary General Meeting of Shareholders scheduled to be held in the latter half of June 2022, and candidates for committee members of the Nominating Committee, Audit Committee and Remuneration Committee to be submitted at the Board of Directors' Meeting to be held after the Ordinary General Meeting of Shareholders.

I. Organizational Changes [Effective as of April 1, 2022]

The Company will make the following organizational changes with a view to achieving further growth going forward.

1. 1. Business Development, Client Relations & Solutions Group

2. Reform of Business Development, Consulting & Solutions Department 1 and Business Development, Consulting & Solutions Department 2 into the Business Development, Consulting & Solutions Department To enhance sales activities by industry and cultivate new customers looking ahead environment changes, Business Development, Consulting & Solutions Department 1 and Business Development, Consulting & Solutions Department 2 will be consolidated and renamed the Business Development,
   Consulting & Solutions Department to enable the strategic and flexible allocation of resources.
3. Establishment of the Collaborative Creation Sales Department

In addition to the function of content discovery and new customer cultivation within the Collaborative Partner Development Office, the Collaborative Creation Sales Department will be established as an organization with sales functions starting from the unique (competitive) contents and partners that meet the needs of the times in advance. Accordingly, the Collaborative Partner Development Office will be abolished.

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1. Renaming of the Master Lease Planning and Management Office to the Master Lease Sales Office The office, an organization that leases to tenants of subleased buildings, will be renamed the Master Lease Sales Office.
2. Transfer of the functions of the Retail Property Leasing Department

To further strengthen business performance in commercial applications, etc. by uniting property management functions and the commercial property leasing functions that are near to tenants and consumers, these functions will be transferred to Mitsubishi Jisho Property Management Co., Ltd.

2. Innovation and Business Transformation Group

(1) Establishment of the Computer Security Incident Response Team

To strengthen our system's ability to respond to increased cyber security risks and demand from society to address these risks, the Computer Security Incident Response Team will be established under the DX Promotion Department.

3. Commercial Property Business Group

(1) Establishment of the Content Business Planning and Operation Department

To clarify the body that is responsible for space and facility management related to events and entertainment, etc., create added value through the implementation of cross-facility events and optimal promotion activities, and promote the acquisition of new facilities and business expansion using content, the Content Business Planning and Marketing Department will be established.

(2) Establishment of the Hotel Asset Management Office

Along with the expansion of our group's hotel business, the Hotel Asset Management Office will be established under the Hotel Business Department to strengthen the relevant asset management functions.

(3) Establishment of the Flexible Workspace Planning and Operation Department

The Flexible Workspace Planning and Operation Department will be established as an organization that increases the added value created in the rental business through organization of workspaces such as office lounges to create synergy, and develop and provide services that can be used together while supplementing the existing rental business, mainly fixed-term building lease agreements.

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Ⅱ. Change in Representative Corporate Executive Officers 1.Candidate for Newly Appointed Representative Corporate Executive Officers

(Effective as of April 1, 2022)

Name	Title and Duties
New	Former
	Representative Corporate Executive Officer, Executive	Senior Executive Officer
	Vice President,	In charge of Project Planning Department,
Atsushi Nakajima	In charge of Corporate Planning Department,	Urban Project Development Department,
	Sustainability Management and Promotion	Logistics Facilities Development Department,
	Department	Hotel Business Department
	Representative Corporate Executive Officer, Executive	Senior Executive Officer
Yuji Fujioka	Vice President,	In charge of Airport Business Department
	In charge of Airport Business Department

2. Representative Corporate Executive Officers, whose Duties will be Changed (Effective as of April 1, 2022)

Name	Title and Duties
New	Former
	Director, Representative Corporate Executive Officer,	Director, Representative Corporate Executive Officer,
	Deputy President, Assistant to President,	Deputy President, Assistant to President,
	Supervising Commercial Property Business Group,	Supervising Commercial Property Business Group,
Junichi Tanisawa	In charge of Commercial Property Business Planning	In charge of Commercial Property Business Planning
	Department,	Department,
	Commercial Property Business Strategy Department,	Commercial Property Business Strategy Department
	Content Business Planning and Operation Department
	Representative Corporate Executive Officer, Executive	Representative Corporate Executive Officer, Executive
	Vice President,	Vice President,
	Supervising Business Development, Client Relations &	In charge of Commercial Property Management
Futoshi Chiba	Solutions Group,	Department,
	In charge of Client Strategy Planning Department,	Facility Management Planning Department,
	Office Leasing and Tenant Relations Department	xTECH Leasing and Promotion Department,
		Museum Management Office
	Representative Corporate Executive Officer, Executive	Representative Corporate Executive Officer, Executive
	Vice President,	Vice President,
	In charge of Project Planning Department,	Supervising Business Development, Client Relations &
Kenji Hosokane	Urban Project Development Department,	Solutions Group,
	Logistics Facilities Development Department,	In charge of Client Strategy Planning Department,
	Hotel Business Department	Office Leasing and Tenant Relations Department,
		Retail Property Leasing Department

3. Resigning Representative Corporate Executive Officers (Effective as of April 1, 2022)

Name		Title and Duties
New		Former
	Director		Director, Representative Corporate Executive Officer,
			Executive Vice President,
Tetsuji Arimori			In charge of Corporate Planning Department,
			Sustainability Management and Promotion
			Department
	Senior Adviser		Representative Corporate Executive Officer, Executive
			Vice President,
Hidemi Waki			In charge of Urban Redevelopment Department

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Name		Title and Duties
New		Former
	Director		Director, Representative Corporate Executive Officer,
Hiroshi Katayama			Executive Vice President,
		In charge of Finance & Accounting Department,
			Corporate Communications Department

Ⅲ. Change in Corporate Executive Officers

1. Newly Appointed Corporate Executive Officers

(Effective as of April 1, 2022)

Name		Title and Duties
New		Former
	Senior Executive Officer,		Group Executive Officer,
Naoki Umeda	In charge of Finance & Accounting Department,		Representative Director, President & Chief Executive
	Corporate Communications Department		Officer of Japan Real Estate Asset Management Co., Ltd.
	Senior Executive Officer,		Group Executive Officer,
	In charge of Commercial Property Management		President & Chief Executive Officer of Mitsubishi Jisho
	Department,		Investment Advisors, Inc.
Haruhiko Araki	Facility Management Planning Department,
	xTECH Leasing and Promotion Department,
	Flexible Workspace Planning and Operation
	Department, Museum Management Office

2. Corporate Executive Officer, whose Duties will be Changed

(Effective as of April 1, 2022)

Name		Title and Duties
New		Former
	Senior Executive Officer,		Senior Executive Officer,
Ikuo Ono	In charge of Business Creation Department,		In charge of Business Creation Department,
DX Promotion Department,		DX Promotion Department
	Information System, Information System Security

Ⅳ.Change in Executive Officers

(Effective as of April 1, 2022)

Name		Title and Duties
New	Former
	Executive Officer,	Executive Officer,
	In charge of Mixed Use Development	In charge of Mixed Use Development Department,
Seijin Chino	Department,	TOKYO TORCH Department,
	TOKYO TORCH Department,	General Manager of TOKYO TORCH Department
	Urban Redevelopment Department
	Executive Officer,	Executive Officer,
	In charge of Business Development,	In charge of Business Development, Consulting & Solutions
Shuichi Shimizu	Consulting & Solutions Department,	Department 1,
Collaborative Creation Sales Department	Business Development, Consulting & Solutions Department 2,
		General Manager of Business Development, Consulting & Solutions
		Department 1
	Executive Officer,	Group Executive Officer,
	General Manager of International Business	Executive Vice President of Rockefeller Group International, Inc.
Masanori Iwase	Planning Department	President of Mitsubishi Estate New York Inc.
		Senior Vice President & CFO of MEC Global Partners Holdings LLC.

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Name		Title and Duties
New	Former
Toru Takeda	Executive Officer,
General Manager of Yokohama Branch	General Manager of Yokohama Branch
	Executive Officer,	General Manager of Office Leasing and Tenant Relations
Masahiro Murai	General Manager of Office Leasing and
Department
	Tenant Relations Department
	Executive Officer,
Mikito Hirai	General Manager of Corporate Planning	General Manager of Corporate Planning Department
	Department

Ⅴ.Change in Group Executive Officers

(Effective as of April 1, 2022)

Name	Title and Duties
New	Former
	Senior Adviser,	Group Executive Officer,
Tetsuo Yuasa	President & Chief Executive Officer of Mitsubishi Real	President & Chief Executive Officer of Mitsubishi Real
	Estate Services Co., Ltd.	Estate Services Co., Ltd.
	Senior Adviser,	Group Executive Officer,
	President & Chief Executive Officer of Mitsubishi	President & Chief Executive Officer of Mitsubishi Jisho
Hisashi Komada	Jisho Community Holdings Co., Ltd.	Community Holdings Co., Ltd.
President & Chief Executive Officer of Mitsubishi
	President & Chief Executive Officer of Mitsubishi Jisho
	Jisho Community Co., Ltd.
	Community Co., Ltd.
Atsuhiko Oida	Group Executive Officer,	General Manager of Business Planning Department of
Mitsubishi Estate Residence Co.,Ltd.	Mitsubishi Estate Residence Co., Ltd.

Ⅵ. Change in Directors

1. Candidates for Newly Appointed Directors

(Effective as of the end of June 2022)

Name	Title and Duties
New	Former
	Director, Representative Corporate Executive Officer,	Representative Corporate Executive Officer, Executive
	Executive Vice President,	Vice President,
Atsushi Nakajima	In charge of Corporate Planning Department,	In charge of Corporate Planning Department,
	Sustainability Management and Promotion	Sustainability Management and Promotion Department
	Department	(Effective as of April 1, 2022)
	Director, Senior Executive Officer,	Senior Executive Officer,
Naoki Umeda	In charge of Finance & Accounting Department,	In charge of Finance & Accounting Department,
Corporate Communications Department	Corporate Communications Department
		(Effective as of April 1, 2022)
Melanie Brock	Outside Director	(CEO of Melanie Brock Advisory Ltd.)

2. Resigning Directors

(Effective as of the end of June 2022)

Name		Title and Duties
New		Former
Tetsuji Arimori	Resign		Director(Effective as of April 1, 2022)
Jo Kato	Resign		Director
Shin Ebihara	Resign		Outside Director

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