
Forward-Looking Investments
Forward-Looking Investments
Balance between our business impact and earnings
Forward-looking investments include both co-creative investments for introducing innovations by means of collaboration with external partners and new business investments aimed at generating innovation within the Company. Through such investments, we aim to achieve earnings growth while generating our desired impact through sustainability, well-being, digital transformation, and other initiatives.

Co-Creative Investments
Co-creative investments are conducted in pursuit of synergies via collaboration and co-creation with investees with the goal of improving corporate value through open innovation. Adhering to a basic policy of focusing on small-sum investments emphasizing the potential for collaboration, we proceed to improve corporate value through collaboration. After an investee’s value has improved to the extent divestment is viable, we may conduct additional investment targeting financial returns.
Our co-creative teams drive the collaborative ventures advanced as part of co-creative investments. Led by MARUI GROUP officers and membered by individuals assembled from various Group companies and organizations, these teams are tasked with accelerating collaboration to generate greater earnings contributions through the respective businesses while also improving the corporate value of the investee in question. When necessary, MARUI GROUP employees may be seconded to a co-creative investee to more directly explore possibilities for collaborative and co-creative undertakings for maximizing synergies.

New Business Investments
In new business investments, we adopt an intrapreneur approach to develop businesses while taking full advantage of MARUI GROUP’s strengths and resources. In this spirit, incubation subsidiary okos Co., Ltd., was established in 2021 to act as a dedicated organization for commercializing innovative ideas. We also form cross-organizational project teams as part of official initiatives open to voluntary participation by employees. Such project teams are involved in proposing initial ideas, planning businesses, and verifying hypotheses as part of the processes of creating new businesses.
MARUI GROUP is thereby able to flexibly approach the development of new businesses—via official initiatives, okos, or its operating companies—as necessitated by the developmental phase of a given business. Through this framework, we are creating unprecedented innovations and expanding our operations.

Incubation Subsidiary okos
Future directives for okos are decided at the biannual meetings of the Investment Committee based on a comprehensive assessment of factors including the business model, profitability, and growth potential of the new business in question. A particularly unique approach is used for making decisions related to divestiture. At MARUI GROUP, the final decision on whether to divest from a business is made after considering discussions by the Investment Committee and soliciting opinions from employees via the Company intranet. This approach is taken to ensure transparency in decisions regarding the continuation of or withdrawal from new businesses. When the decision is made to withdraw from a business, information on the initiatives undertaken in this business are shared within the Company to foster internal know-how, and participants in the venture may be presented with a Fail Forward Award as part of our internal award system for recognizing ambitious new ventures. In this manner, MARUI GROUP seeks to provide an environment in which employees are encouraged to tackle new challenges without fear of failure.

Official Initiatives
Official initiatives are based on various themes related to achieving earnings growth while generating our desired impact and entail assembling project teams comprising volunteering members. These members engage in activities that not only contribute to innovation but also extend beyond the boundaries of their organizations and of the Group.
Moreover, we allow employees to devote a predetermined amount of time to official initiatives during their working hours, and the related activities are advanced while receiving confirmation from the supervisors of employees’ respective organizations. We thereby seek to help employees maintain a balance between such initiatives and their work.