Aiming to Further Strengthen Overseas Real Estate Development Business: Establishing a Local Subsidiary in Vietnam

Nishi-Nippon Railroad Co., Ltd. established 'NNR Properties Vietnam Co., Ltd.', a local subsidiary for promoting overseas real estate development, in Ho Chi Minh City, Vietnam, on March 12, 2026, and commenced operations on April 6. - Project Promotion in Vietnam Since participating in our first overseas real estate development in Vietnam in 2015, we have engaged in a total of 31 projects across 6 countries: Vietnam, Indonesia, Thailand, the Philippines, India, and the United States. Among these, the Vietnamese real estate market is expected to continue growing, and we have positioned it as a priority investment country, establishing a representative office there in 2018. By upgrading the representative office to a local subsidiary and building stronger relationships with local partners, we aim to promote existing projects and acquire new deals within the country. - Project Support Across Asian Countries Leveraging Vietnam's geographical advantage, we will also provide support for projects across various Asian countries, realizing more efficient and finely-tuned operations. Our group has positioned the further expansion of overseas real estate development as one of the key strategies in our 17th Medium-Term Management Plan, which spans three years starting this fiscal year. We will continue to promote the expansion of our overseas real estate business and aim to broaden our revenue base. Overview of NNR Properties Vietnam Co., Ltd. [Company Name] NNR Properties Vietnam Co., Ltd. [Established] March 12, 2026 [Business Commencement Date] April 6, 2026 [Head Office Location] Floor 4A, No. 87, Hoang Van Thai Street, Tan My Ward, Ho Chi Minh City, Vietnam [Representative] General Director Koji Haruyama [Capital] 10,000 Million VND (Approx. 60 Million JPY) [Capital Structure] Nishi-Nippon Railroad Co., Ltd. 100% [Business Description] Real estate project management in Vietnam, operational support across Asian countries, etc. (Reference) Overview of Participating Projects in Vietnam Flora Anh Dao