Daiwa House Industry : Notice Concerning Partial Revision of Corporate Governance Guidelines

February 9, 2017

Company: Daiwa House Industry Co., Ltd. (Code number:1925,

First Section of the Tokyo Stock Exchange)

Representative:

Contact:

Naotake Ohno, President and COO

Yuji Yamada, Senior Executive Officer and General Manager, IR Department

Email to:dh.ir.communicatoins@daiwahouse.jp

At the Board of Directors meeting held today, Daiwa House Industry Co., Ltd. (hereinafter, the "Company") partially revised its "Corporate Governance Guidelines" and, we hereby inform you as follows:

1. About the Company's Corporate Governance Guidelines

   The Company will pursue even higher levels of corporate governance to realize sustainable growth and increases in corporate value over the medium to long term. To achieve these aims, as well as to clarify specific Company initiatives and fulfill its fiduciary responsibility and duty of accountability to shareholders, the Company formulated and disclosed its "Corporate Governance Guidelines" on May 27, 2015.

2. Reason for the Revision

   In order to retain and enhance the autonomous functionality to cope with changes in the business environment, the Company have partially revised the terms of its guidelines, based upon a careful investigation of the implementation status of items in the guidelines, and dialogs with our shareholders and other stakeholders.

   This review is undertaken each year along with the effectiveness evaluations of the Board of Directors. By retaining our focus on society and pursuing corporate governance matched to our business environment, we aim to be a sound and sustainable company needed by society.

3. Main Revisions

4. Article 37 (Positive and Smooth Relations with Stakeholders) >

   Stipulations were added regarding our organization to continuously improve the quality of our products.

5. Article 39 (Technological Foundation)

6. Policies were added concerning the formation of a strong technological foundation to support an increase in the scale and activities of our business undertakings.

   *Our Corporate Governance Guidelines are available on our website. (http://www.daiwahouse.com/English/ir/governance/index.html)

   End

   Disclaimer:

   This English translation has been prepared for general reference purposes only. The Company shall not be responsible for any consequence resulting from the use of the English translation in place of the original Japanese text. In any legal matter, readers should refer to and rely upon the original Japanese text of the press release dated February 9, 2007.

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