Six Months Ended September 30, 2022

Financial Results Briefing Materials

December 7, 2022
ICHIKEN Co., Ltd.

Bringing the future to you through innovative living spaces～For Your Living Space～Table of Contents

page

I. Overview of Financial Results for the Six Months
Ended September 30, 2022
II. Progress of the Medium-Term Business Plan

3
20

2

Overview of Financial Results for the Six Months Ended September 30, 2022

I.
Overview of Financial Results
for the Six Months Ended September 30, 2022

3

Business Environment & Corporate Efforts

Business Environment
1. The business outlook remains uncertain due to the continuing impact of the COVID-19 pandemic,
soaring raw material prices and price hikes due to the prolonged situation in Ukraine, and fluctuations infinancial and capital markets
2. In the construction industry, government construction investment has maintained a certain level, andprivate-sector capital investment is showing signs of picking up, but conditions remain difficult due tointensifying competition for orders, as well as rising construction costs caused by a chronic shortage ofskilled workers and soaring construction material prices

Corporate Efforts
1. Maintained precautionary measures against the spread of COVID-19 to continue our businessactivities
2. Aggressively sought orders to meet the demand for new construction, interior design, andrenovations for stores and other businesses by leveraging upon our know-how from our corecommercial facility construction business as well as our planning and proposal expertise. Also engaged
with a wide range of private sector businesses, including condominiums, logistics facilities, medical
and welfare facilities, etc.
4Financial Results for the Six Months Ended September 30, 2022
Summary1.
[Orders Received] Decreased due to intensifying competition for orders
2.
[Increased Revenue] Contracts carried over from the previous fiscal year (ended March 31, 2022)
to the next fiscal year were successfully completed, resulting in an increasein the amount of completed construction contracts
3. [Decreased Profit] Profit declined due to a decrease in gross profit on completed construction
contracts(Millions of yen)
Six Months Ended
September 30, 2021
AmountSix Months Ended September 30, 2022
AmountYOY Change

Change (%)

Targetvs. Target

AmountChange (%)

Orders43,64739,520(4,126)(9.5%)--

Contracts carried
over

79,47979,382(96)(0.1%)--Net sales

37,911

44,534

6,622

17.5%

44,0001.2%

Gross profit

3,637

3,060

(576)

(15.9%)

-

-

SG&A

1,345

1,393

48

3.6%

-

-

Operating profit

2,292

1,666

(625)

(27.3%)

2,100(20.6%)

Ordinary profit

2,285

1,642

(642)

(28.1%)

2,050(19.9%)

Extraordinary
income or loss

125

-

(125)

-

-

-

1,697

1,106

(590)

(34.8%)

1,400(20.9%)

Profit5

Breakdown by Category (1)(Millions of yen)OrdersCompleted Construction
Contracts

Contracts Carried Over

AmountShareAmountShareAmountShare

28,86073.0%

21,14547.6%

42,462

53.5%

26,95568.2%

19,75944.5%

35,956

45.3%

1,405

3.6%

1,193

2.7%

6,095

7.7%

499

1.2%

192

0.4%

410

0.5%

Residential
housing

9,427

23.9%

14,24832.2%

30,697

38.7%

Offices

675

1.7%

722

1.6%

647

0.8%

Factories &warehouses

320

0.8%

6,896

15.6%

3,350

4.2%

Medical & welfare
facilities

28

0.1%

1,181

2.7%

2,096

2.6%

Other

76

0.2%

39

0.1%

68

0.1%

Total

39,38999.7%

44,23599.8%

79,323

99.9%

131

0.3%

72

0.2%

59

0.1%

39,520100.0%

44,307100.0%

79,382100.0%

Commercial
facilities

Construction Business

Breakdown

Retails &storesLodgingfacilities
Amusement
facilities

Civil Engineering Business Total
Total

6

Breakdown by Category (2) Orders■ Orders received for commercial facilities account for approximately 73% of total orders
received.
■ Commercial facilities and residential housing account for approximately 97% of total orders
received.

Offices675(1.7%)

Factories &warehouses
320(0.8%)

Medical & welfare
facilities
28(0.1%)

Other
76(0.2%)

Civil
Engineering
Business
131(0.3%)

Percentage of commercial facilities
73.0%
Breakdown of commercial
facilities (73.0%) (Millions of yen)Amusement
facilities

Residential
housing
Commercial
facilities
Residential
housing
Offices
Factories &warehouses
Medical &welfare facilities
Other
Civil Engineering
Business

9,427(23.9%)

Lodgingfacilities

Total
39,520(Millions of yen) Commercial

1,405(3.6%)

Retails & stores
26,955(68.2%)

facilities
28,860(73.0%)

499(1.2%)

Retails & stores
Lodging facilities
Amusement
facilities(Breakdown of retails & stores)
Supermarkets
4,155 (10.5%)
Commercial complexes
12,511 (31.7%)
Other*
10,288 (26.0%)*Gyms, specialty stores, etc.

7

Breakdown by Category (3) Completed Construction Contracts■ Completed construction contracts for commercial facilities account for approximately 48%
of total completed construction contracts.
■ The construction of large logistics warehouses that were ordered last year progressedsmoothly, resulting in a significant increase in the percentage of factories and warehouses.

Medical & welfare
facilities
1,181(2.7%)
Offices722(1.6%)

Commercial
facilities
Residential
housing
Offices
Factories &warehouses
Medical &welfare facilities
Other
Civil Engineering
Business

Other
39(0.1%)

Civil
Engineering
Business
72(0.2%)Breakdown of commercial
facilities (47.6%) (Millions of yen)

Factories &warehouses

Lodgingfacilities

6,896(15.6%)

1,193(2.7%)

Total
44,307
Residential
housing
14,248(32.2%)

Percentage of commercial facilities
47.6%(Millions of
yen)

192
(0.4%)

Retails &storesCommercial
facilities
21,145(47.6%)

Amusement
facilities

19,759(44.5%)

Retails & stores
Lodgingfacilities
Amusement
facilities(Breakdown of retails & stores)
Supermarkets
2,105 (4.7%)
Commercial complexes
8,575 (19.3%)
Other*
9,078 (20.5%)*Gyms, specialty stores, etc.

8

Breakdown by Category (4) Contracts Carried Over■ Contracts carried over to the next fiscal year for commercial facilities account for
approximately 54% of the total contract amount carried over to the next fiscal year.
■ From the second half of the fiscal year, we aim to achieve our target by building up
commercial facilities.
Medical & welfare Other
facilities
68
2,096(0.1%)(2.6%)
Factories &warehouses
3,350
Offices(4.2%)
647(0.8%)

Commercial
facilities
Residential
housing
Offices
Factories &warehouses
Medical &welfare facilities
Other
Civil Engineering
Business

Civil
Engineering
Business
59(0.1%)

Percentage of commercial facilities
53.5%
Breakdown of commercial
facilities (53.5%) (Millions of yen)

Lodgingfacilities

Total
Residential
housing
30,697(38.7%)

79,382(Millions of yen)

Commercial
facilities

6,095(7.7%)

Amusement
facilities
410(0.5%)

Retails &stores35,956(45.3%)

42,462(53.5%)
Retails & stores
Lodgingfacilities
Amusement
facilities(Breakdown of retails & stores)
Supermarkets 3,628 (4.6%)
Commercial complexes
17,564 (22.1%)
Other*
14,763 (18.6%)*Gyms, specialty stores, etc.

9

Major Completed Projects & Orders Received• Major Projects Completed
Project Name

Building Application

Location

SG Chihaya Reconstruction

Commercial complex

Fukuoka

Green Plaza Befu Renovation

Large shopping center

Hyogo

Nitori Meguro Store New Construction(tentative name)

Large specialty storeTokyo

APA Hotel Ueno Ekiminami Project New
Construction (tentative name)Lodging facility

Tokyo

Eslead Shinsakae 3-chome New Construction(tentative name)Condominium building(for sale)

Aichi

Forest Mall Sakudaira New Construction(tentative name)Commercial complex

NaganoBuilding Application

Location

SG (Sports Garden) Chihaya Reconstruction• Major Orders Received
Project Name
Aeon Style Akabane Kitahondori Store New
Construction (tentative name)Supermarket

Tokyo

Roygent Hiyoshicho II New Construction (tentative
name)

Apartment building (for
rent)

Aichi

Aeon Style Musashi-Sayama New Construction(tentative name)Supermarket

Saitama

Minoh-Kayano Station Front Development Project
New Construction (tentative name)Commercial complex

Osaka“Venice” Hot Bath Facilities Project (tentativename)Hot bath facility

Osaka

Clare Homes Kotonichuo New Construction(tentative name)Condominium building (forsale)

Hokkaido

Nitori Meguro Store New Construction

10Changes in Net Sales by Project Type - Half Year
(First Half of FYE March 2021 - Second Half of FYE March 2023)(Hundreds of millions of yen)
Commercial facilities
Gross profit margin

Residential housing
Ordinary profit margin

500

Net sales¥44.3 billion
400

Net sales¥44.2 billion

57

33

(13%)

(7%)

8.7%
98

8.6%
91
(21%)

(22%)

300

9.6%

Net sales¥45.8 billion

Other (incl. logistics facilities)

Net sales¥44.5 billion

Net sales
forecast

12.0%

10.0%

76
Net sales¥37.9 billion

47
(12%)

(17%)

91
(21%)

8.0%

8.2%

106

115

(28%)

(25%)

6.9%
6.0%

142

6.0%
5.5%
200

(32%)

5.1%

5.0%

4.0%

3.7%
100

286

318

225

266

211

(65%)

(72%)

(60%)

(58%)

(47%)

First Half of FYEMarch 2021

Second Half of FYEMarch 2021

First Half of FYEMarch 2022

Second Half of FYEMarch 2022

First Half of FYEMarch 2023

2.0%

0

0.0%

FYE March 2021 (full year)

FYE March 2022 (full year)

Second Half of FYEMarch 2023

FYE March 2023 (full year)
11Changes in Net Sales by Project Type - Full Year(FYE March 2019 - FYE March 2023)(Hundreds of millions of yen)

1,000

Commercial facilities

Residential housing

Gross profit margin

Ordinary profit margin

Net sales¥93.8 billion

94
(10%)

Net sales¥86.5 billion

114

800

Net sales¥88.6 billion

90

(25%)

600

177
(21%)

8.4%

14.0%

Net sales¥83.7 billion

Net sales forecast¥90 billion
12.0%

(10%)

124

(13%)

237

Other (incl. logistics facilities)

190

(15%)

10.0%

(22%)

8.6%

8.8%

8.0%

221
(26%)

7.6%

6.0%

400

4.9%
200

606
(65%)

4.9%

5.3%

5.5%
4.0%

572

604

491

(66%)

(68%)

(59%)

2.0%

0

0.0%
FYE March 2019

FYE March 2020

FYE March 2021

FYE March 2022

FYE March 2023

12

Changes in Net Sales - Half Year [Commercial facilities: new construction vs. interior design work /renovations] (First Half of FYE March 2021 - First Half of FYE March 2023)(Hundreds of millions of yen)400
New construction

Interior design / Renovations

Profit margin (New construction)

Profit margin (Interior design / Renovations)350

Net sales
300

Net sales¥31.8 billion

13.0%

81
(28%)

11.6%

109

Net sales(34%)¥22.5 billion¥26.6
billion

8.7%

Net sales

117

¥21.1
billion

81
(36%)

7.6%

12.0%

9.8%

(44%)

200

8.0%

150

76
(36%)

6.7%

100

10.0%

8.0%

6.0%

4.0%

205
50

14.0%

Net sales¥28.6 billion
12.3%

250

15.0%

13.4%

16.0%

(72%)

208

143

148

(66%)

(64%)

(56%)

Second Half of
FYE March 2021

First Half of
FYE March 2022

Second Half of
FYE March 2022

134
(64%)

0

2.0%

0.0%
First Half of
FYE March 2021

FYE March 2021 (full year)

First Half of
FYE March 2023

FYE March 2022 (full year)

13Changes in Net Sales - Full Year [Commercial facilities: new construction vs.
interior design work / renovations] (FYE March 2019 - FYE March 2023)(Hundreds of millions of yen)
700

New construction
Profit margin (New construction)

600

Net sales¥60.6 billion

14.1%

Net sales¥57.2 billion

101

Profit margin (Interior design / Renovations)

14.0%

12.8%

500

11.4%

190
(32%)

Net sales¥49.1 billion

30% ofcommercial
facility
sales
12.0%

11.3%

199

224

(41%)

(39%)

300

Forecast

Net sales¥60.4 billion

(17%)

400

16.0%

Interior design / Renovations

10.0%

9.8%

8.7%
8.2%

8.0%
200

100

6.8%

348

414

291

(83%)

(61%)

(68%)

(59%)

FYE March 2019

FYE March 2020

FYE March 2021

FYE March 2022

504

6.0%

0

4.0%
FYE March 2023

14

Comparative Balance Sheet(Millions of yen)

Total assets
Current assets

As of March
31, 2022

As of
September 30,
2022

57,61755,338(2,279)48,32445,996(2,328)[Assets] Decreased by ¥2,279 million

Change(Main increases)
・ Accounts receivable from completed
construction contracts and other +¥1,876 million
・ Electronically recordedmonetary claims – operating+¥866 million
・ Consumption taxes refund
receivable+¥612 million(Main decreases)
・Notes receivable – trade
・Cash and deposits

Non-current
assets

9,292

9,341

48

Total liabilities

30,81928,179(2,640)Current
liabilities

24,61322,360(2,253)

Non-current
liabilities

6,206

5,819

(386)

Total net assets

26,79827,158360(Main decreases)
・ Accounts payable forconstruction contracts
・ Accrued consumption taxes
・ Long-term borrowings

Owners’ equity

26,775

27,136360[Net assets] Increased by ¥360 million

Shareacquisitionrights[Liabilities] Decreased by ¥2,640 million(Main increases)
・ Short-term borrowings
・ Electronically recorded
obligations - operating(Main increases)
・ Profit

22

22

-

(¥5,403 million)(¥861 million)(Main decreases)
・ Fiscal year-end dividends+¥405 million+¥169 million(¥1,190 million)(¥512 million)(¥475 million)+¥1,106 million(¥725 million)

15

Changes in Net Assets and Equity Ratio
Net assets (hundreds of millions of yen)

Equity ratio
55.0%

300

Net assets

Forecast

Equity ratio

280

50.0%

46.5%
45.5%
260

45.0%

41.5%
240

220

267

33.7%

Around
290

40.0%

35.0%

246
200

30.0%

218
197

180

25.0%

FYE March 2019

FYE March 2020

FYE March 2021

FYE March 2022

FYE March 2023

16

Interim dividend paid
■ Released “Notice of Change in Dividend Policy (Implementation of Interim Dividend) andRevision of Dividend Forecast” on August 10, 2022.
■ Starting from the current period, an interim dividend (¥40 per share) is paid in order to enhance
opportunities to return profits to shareholders. The fiscal year-end dividend is expected to be¥60 per share. (Total ¥100)

Total dividends(Hundreds ofmillions of yen)

750

Payout ratio

Total dividends
Dividend payout ratio

700

24.2%

22.5%

(725)

20.5%

20.6%
18.4%

¥100 per share
725
Interim: ¥40¥100 per share Year-end: ¥60

600
652

652

¥90 per share¥90 per share

26.5%

24.5%

22.4%

650

550

24.3%

Forecast

18.5%

16.5%

579

14.5%

¥80 per share

500

12.5%
FYE
March
2019

FYE
March
2020

FYE
March
2021

FYE
March
2022

Target a dividend payout ratioof 20% or more

Re-examine the shareholder return
policy, including dividend payout ratio,
at the point when net assets are
expected to exceed ¥30 billion.

FYE
March
2023
17

Comparative Statements of Cash Flows(Millions of yen)
[CF from operating activities]

Six months
ended
September
30, 2021

Six months
ended
September
30, 2022

Cash flows fromoperatingactivities

356

35

Cash flows frominvestingactivities

182

(98)

Cash flows fromfinancing
activities
Total cash flow

(723)

(799)

(184)

(861)

• Profit before income taxes• Decrease in notes and accountreceivable-trade and others• Decrease in trade payables• Increase in consumption taxes refund
receivable• Decrease in accrued consumption taxes• Income taxes paid

[CF from investing activities]

11,651

10,796+¥1,642 million+¥2,660 million(¥1,295 million)(¥612 million)(¥512 million)(¥820 million)¥98 million
decrease in funds• Proceeds from earnest related sales ofproperty, plant and equipment• Purchase of shares of subsidiaries andassociates• Purchase of property, plant and equipment[CF from financing activities]

Cash and cash
equivalents at end of
period¥35 million
increase in funds• Net increase (decrease) in short-termborrowings• Repayments of long-term borrowings• Dividends paid+¥56 million(¥119 million)(¥28 million)¥799 million
decrease in funds+¥493 million(¥563 million)(¥722 million)

18

FYE March 2023 Financial Results Forecast• Fiscal year ending March 2023 marks the final year of the medium-term business plan
• We will achieve our targets and establish the foundation for the next medium-term business plan.
(Millions of yen)FYE March 2022
Results
AmountFYE March 2023 Forecast
AmountYOY Change

Change (%)

Net sales

83,77690,000

6,223

7.4%

(Gross profit margin)(8.8%)---

Operating profit

4,674

4,440

(234)

(5.0%)

Ordinary profit

4,636

4,340

(296)

(6.4%)

Profit

2,985

3,000

14

0.5%

Dividends per share

¥100

-

-

(Year-end: ¥100)¥100(Interim: ¥40
Year-end: ¥60)

(Cautionary note concerning forward-looking statements, etc.)
The forward-looking statements in this document are based on information currently available to the Company and certain assumptions that the Company
deems reasonable, and are not intended to be a promise by the Company that they will be achieved. In addition, actual results may differ significantly due to avariety of factors.

19Medium-Term Business Plan (FYE March 2021 - FYE March 2023)

II.
Progress of the Medium-Term Business Plan
(FYE March 2021 - FYE March 2023)

20

Overview of Financial Results -Aiming to Exceed the Target Figures for the Final Year of the Current Medium-Term Business Plan ■ Orders received for the six months ended September 2022 totaled ¥39.5 billion. (Decrease of approximately ¥4.1 billion
compared to same period of the previous fiscal year)■ Contracts carried over into the next fiscal year amounted to ¥79.3 billion. (Decrease of approximately ¥100 million
compared to the end of September of the previous year)■ In the second half of the fiscal year, we will strengthen our efforts on projects to be completed during the current fiscal
year and aim to achieve the target figures.

Changes in net sales and ordinary profit(Millions of yen)

(Millions of yen)

95,0005,500

85,000

4,673

4,636

80,000

4,240

4,290

Net
¥88
sales
billionResults(Target)¥88.6
billion

Net
¥89
sales
billionresults(Target)¥83.7
billionFYE March 2021

FYE March 2022

75,00070,00065,00060,000

4,340

Sales (target)

TargetSales (results)

88,00088,624

Operatingprofit

4,340

4.9%

4,758

Ordinary profit

4,240

4.8%

Profit

2,930

3.3%

Target

5,000
4,500

4,000
3,500
3,000

FYE March 2023

Ordinary profit (target)FYE March 2021
ProfitProfit Achievement
Resultsrate
marginmarginNet sales¥90
billion(Target)Aiming to hit bothsales and profit targets

90,000Ordinary profit (results)(Millions of yen)FYE March 2022
FYE March 2023
ProfitProfit Achievement
ProfitResults
Targetrate
marginmarginmargin100.7%

89,00083,77694.1%

90,0005.4%

109.6%

4,390

4.9%

4,674

5.6%

106.5%

4,440

4.9%

4,673

5.3%

110.2%

4,290

4.8%

4,636

5.5%

108.1%

4,340

4.8%

3,161

3.6%

107.9%

2,960

3.3%

2,985

3.6%

100.9%

3,000

3.3%

21

Progress and Issues of Each Policy Measure (Overview)
Priority Measures

Our basic strategy is to differentiate and establish the superiority of our core construction
business

Measure 1

Enhance our technical proposal skills• Certified for our “one pillar-one pile method” performance, an industry-academia
collaborative initiative• “ZEB Ready” certification obtained for the development of the site of the former
Yokohama Minami Ward General Government Building

Measure 2

Strengthen efforts focused on profitability and productivity in our construction
business• Increased ratio of design–build projects• Establishment of the “DX Promotion Project.” Promoted digitalization of on-siteadministrative work, etc.

Enhancement of thesystem for further growthand expansion
Further growth inconstruction work forcommercial facilities,
which is our corebusiness• Examined exit strategy for real estate holdings and acquisition of new incomegenerating properties• Development of human resources who can apply their real estate knowledge to sales

Proposals that capture
store renewal cycles

Measure 4

Engage in new business - Building a new foundation for growth -Efforts to win orders forlogistics facilities, where
investment is booming

Measure 5

Measure 3

Expand real estate business

Issues faced

Improve management skills• Began operating a Vietnamese subsidiary in April 2022
• M&A is a continuing issue• Strengthening of ESG initiatives in addition to endorsement of TCFD proposals• Developed human resources through systematic training

We will examine the next
medium-term
management plan, whichaims at the corporate
image in 2030.
22

Topic 1 Development of the Site of the Former Yokohama Minami
Ward General Government Building (ZEB Initiatives)
Obtained the BELS and ZEB Ready certifications
Project overview
Project name

Development of the Site of the Former Yokohama Minami
Ward General Government Building

Facility name

VIERRA Maita

Construction
periodAugust 17, 2020 - September 30, 2022

Constructionsite

48-1 Hananoki-cho 3-chome, Minami-ku, Yokohama

Client

JR West Real Estate & Development Company• This is the fourth commercial complex in Japan to be converted
to ZEB. (As of the June 2020 plan)• The entire building received the highest BELS*1 rating (5 stars)
and obtained the ZEB Ready*2 certification.
• After construction is completed, energy consumption will bemonitored through visualization using BEMS*3.

We will continue to further promote
environmental initiatives in the future.

• What is ZEB?
A Net-Zero Energy Building (ZEB) is a building designed inpursuit of cutting energy consumed in building operations tonearly zero by conserving energy and using renewables while
maintaining the quality of the indoor environment.

*1 BELS: Building-Housing Energy-efficiency Labeling System. A system in which a third-party rating agency assesses and certifies abuilding’s energy conservation performance*2 ZEB Ready: A building that consumes at least 50% less primary energy than the standard primary energy consumption rate byconserving energy*3 BEMS: Building and Energy Management System

23

Topic 1 Development of the Site of the Former Yokohama Minami
Ward General Government Building (BIM Initiatives 1)■ Promoting BIM initiatives to improve operational efficiency through digitization

Design by 3D data
Confirmation of various
fittings on exterior walls

Completed image

Confirmation ofinterference withequipment piping, etc.

24Topic 1 Development of the Site of the Former Yokohama Minami
Ward General Government Building (BIM Initiatives 2)
We want to change
the exterior andinterior design

Efficient consensus building
through visualization
Check visibility
fromsurrounding
environment

Guidance
signage plan

BIM enables overall balanceadjustment while checking withthe client
Terrace image

Checknighttime image
and lighting

25Topic 2 Endorsement of TCFD Proposals■ After expressing support for the TCFD (Task Force on Climate-related Financial
Disclosures) proposals, the Company disclosed the results of its analysis in linewith those proposals.

TCFD
Proposals

GovernanceRisk Management

Strategy

Metrics and Targets(Basic disclosure items)

Response to TCFD Proposals
Governance
Establishment of Risk Management Committee**A committee across each division to appropriately identify and respond to each risk
and opportunity, including ESG (environment, society, and corporate governance)

Strategy

Risk Management

Metrics and Targets◆ Formation of advisory bodies foreach ESG issue under the Risk
Management Committee◆ Selection of risks and opportunities,
identification of their impact, andformulation of countermeasures inadvisory bodies◆ Risk Management Committee
implements risk responses basedon reports from advisory bodies◆ Report on the status of risk
management to the Board of
Directors at least once a year

◆ Set main indicator/target as carbon
dioxide emissions per unit ofproduction◆ Aim for a 15% reduction fromFY2020 levels by FY2025

Reflected in the business strategy as appropriate
26Compliance with Continued Listing Criteria Under New Market Segments
No. of Tradable
SharesTradable Share Market
Cap

Tradable Share Ratio

Trading Value/Day

Continued ListingCriteria

At least 20,000
units

At least ¥10 billion

At least 35%

At least ¥20 million

The Company’s status
as of the transitionreference date*

42,213 units¥8,009.43 million

57.9%¥35.53 million*As of June 30, 2021; Calculated by Tokyo Stock Exchange, Inc.

(1) February 9, 2022: Release of “Announcement of Revision of Dividend Forecast” (Dividend Increase)(2) February 21, 2022: Release of “Announcement of Off-Auction Distribution of Shares”(3) April 1, 2022: Commencement of Operations of Overseas Subsidiary in Vietnam(4) August 10, 2022: Release of “Announcement of Change in Dividend Policy (Implementation of Interim
Dividend) and Revision of Dividend Forecast”(Reference)

Plans to formulate the next medium-term management plan for further growthalong with the achievement of the conformity plan and the current medium-term
management plan for fulfilling the criteria for maintaining the listing

Our current status** As of September 30, 2022

No. of Tradable
SharesTradable Share Market Cap

44,769 units¥8,160.11 million(Average share price from
April to September 2022)

Tradable Share Ratio

61.5%

Trading Value/Day(Average from January to
September 2022)¥33.11 million
27

Expanded IR Initiatives■ Preparation and dissemination of corporate reports by Shared Research Inc.
■ Widely disclose information and disseminate information to improve theCompany’s corporate recognition.
Business
performancetrendsLong-term outlook

Business model, etc.

Consolidate into one report(Japanese/English)

Increased corporate
recognition
Scheduled to be released in December 2022.
(English-language reports are scheduled to beavailable around February 2023.)
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Bringing the future to you through innovative living spaces～For Your Living Space～
Corporate
Message

This message to all of our stakeholders, including customers, business partners, community members, aswell as our employees and their families, embodies our corporate commitment to creating and proposing avision for the future through our living space business, aiming to realize a rich and comfortable society andimprove job fulfilment for our employees.

Discover ICHIKEN
with video

PR Manager

I love construction and I’malways around Ichiken’s
work sites, so keep an eye
out for me!

ICHIKEN-kun
A boy dog who’s always wearing his trademark Ichiken
helmet.
He’s cheerful, energetic, and hardworking.
He works hard as Head of Publicity to
let everyone know about Ichiken.

You can watch many videos
about ICHIKEN’s history
and business.

BirthdayICHIKEN Official YouTube channel

June 15 (Gemini)

Favorite phrase Safety first

Please subscribe to our channel.

•
•
•
•

These materials were prepared by ICHIKEN Co., Ltd. (the “Company”) to promote understanding of the Company and are not intended to solicit investment.
While care has been taken to ensure accuracy in preparing these materials, we cannot guarantee their complete integrity.
We assume no liability for any losses or damages incurred as a result of the information contained herein.
The financial forecasts and projections contained within these materials have been made by the Company based on information available at the time of
preparation and involve potential risk and uncertainty. Changes in the business environment and various other factors may thus result in financial performancethat materially differs from the projections referred to or indicated herein.
Takagaki & Watanabe
Finance & Accounting Dept.
ICHIKEN Co., Ltd.
TEL: (+81) 3-5931-5642

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