Integrated Report
2021.7.1-- 2022.6.30

SHO-BOND Holdings Co., Ltd.

A Construction Company
that doesn’t Construct

We create the future ofsocial infrastructures

The SHO-BOND Group is a comprehensive maintenance company thatspecializes in repairing and reinforcing social infrastructures.
SHO-BOND combines innovative chemical and civil engineering technologies
to create new materials and construction methods that reflect the current requirements of the times.
SHO-BOND has been a leading company in the structure maintenance business for many years.
Repair and reinforcement work is urgently needed in many places because ofthe increasing age of infrastructure in Japan and other countries.
Dedicated to the mission of “Inheriting and passing on social infrastructure tothe next generation in good condition,” SHO-BOND meets the needs of society by using its diverseand powerful resources to provide comprehensive infrastructure maintenance.
This is the mission of the SHO-BOND Group.

K E Y

F I G U R E S

Operating Profit(As of June 30, 2022)

01

SHO-BOND 2022 Integrated Report

17.26

¥bn

Operating Profit Margin

21.3

%

ROE

13.4

Equity Ratio

PBR%3.38

times

80.2%

Total Return Ratio

75.1%

Number of Employees

951Group Companies

18

SHO-BOND 2022 Integrated Report

02Preserving bridges in your memory

CONTENTS

What is the SHO-BOND Group?

Focused on today’s infrastructure,

Broad Range of Structures We Work On

05

History of SHO-BOND

07

Comprehensive Maintenance System

11

The Value Creation Process

13

Business Environment

15

Financial and Non-financial Highlights

17Management Strategies

looking ahead to the future
Note regarding English translation
The content of this report is composed in Japanese. The
Company provides the English version for your reference andconvenience only without any warranty as to its accuracy. In
case of any discrepancy between the English version and theJapanese original, the latter shall prevail.

Top Message

19

Medium-term Business Plan

25

Message from Chief Financial Officer

27

Materiality

29

Business Strategies
Editorial policy

Construction in Japan31

the purpose of explaining to stakeholders the value that our businessFeature: Various Repair andReinforcement Construction Projects

35

operations create and our commitment to sustained growth.

Manufacturing and Sales of Construction Materials

37

Overseas Business38

Research and Development

39releases and other recent announcements, please visit our website.

Tsukuba Training Center

41

Period covered by this publication

Investigation / Diagnosis / Design42

This is the first Integrated Report produced by SHO-BOND. We decided toConstantly repairing and passing infrastructure
on to the next generation

begin issuing this report with the fiscal year that ended in June 2022 forThis publication is based on the International <IR> Framework of theInternational Integrated Reporting Council and the Guidance forCollaborative Value Creation of the Ministry of Economy, Trade andIndustry. For more information about SHO-BOND, including news

FY2022 (July 1, 2021 to June 30, 2022)
This report uses the latest information that was available at the date ofpublication.

Sustainability of SHO-BOND

43

SHO-BOND Holdings and its consolidated subsidiaries and affiliates

Efforts for Environment

45

Date of issue

Feature: Curbing CO₂ Emissions by Repair Work

47

Note regarding forward-looking statements

Efforts to Develop Talent andImprove the Workplace Environment

49

Plans, forecasts, strategies and other forward-looking statements in thisEfforts for Health and Safety

51

Corporate Governance

53

Company Information

59

Organization covered by this publication

Experience and Technologies– Our contributions to safety andquality in society –Sustainability

December 2022

report are based on information that is currently available and on
judgments believed to be reasonable in accordance with certain
assumptions. Actual results of operations may differ from theseforward-looking statements due to numerous risk factors anduncertainties.

03

SHO-BOND 2022 Integrated Report

SHO-BOND 2022 Integrated Report04