August 2024
Geospatial Information Service Business

Surveying the Earth to Create the Future- For Harmony of Human and Nature -PASCO CORPORATION [SECURITY CODE: 9232]

CORPORATE PROFILE

Edited / issued by: Investor Relations Office, PASCO CORPORATION-0[Preface]
PASCO edited and issued this document to provide supplementary information beyond the scope of its annual
securities reports, earning reports, corporate governance reports and other statutory documents.
We hope this document will reach as many investors as possible and give everyone reading a clearer picture of
PASCO. Feedback would be much appreciated. Thank you very much.

© PASCO CORPORATION-1-<Table of Contents>(1) Management Philosophy and Vision

・・・・・・・・・ 3

・Management Philosophy
・Management Policy
・Management Vision(2) Corporate Sustainability

・・・・・・・・・ 5(3) Origin of PASCO・・・・・・・・・ 7・Foundation of PASCO CORPORATION
・Expansion of the map-related business・Business diversification
・・・・・・・・・ 8(4) PASCO’s Features
・Performing unique competitiveness with three superiorities(5) PASCO’s Geospatial Information Collection Capability

・・・・・・・・・ 10(6) PASCO Group Medium-Term Management Plan 2023-2025

・・・・・・・・・ 12(7) Business Situation

・・・・・・・・・ 14

・Three business sectors
・Domestic Public Business・Domestic Private Business・Overseas Business(8) Disaster Emergency Photography・A Corporate Social Responsibility (CSR)
・・・・・・・・・ 18
・・・・・・・・・ 20(9) Corporate Overview-2-© PASCO CORPORATION

(1) Management Philosophy and Vision

The management philosophy sets out the key standpoint of PASCO Group when implementing corporate activities.
To contribute to society by sustainable corporate activities, the Group has established and operated an integrated
management system; deciding on quality, environmental and information security policies in line with its management
philosophy.
[Management Philosophy]
1）
2）

To contribute to establishing a safe and prosperous social system through the geospatial information service.
To respect compliance and social ethics and pursue righteousness at all times against the benchmark of being socially
fair.

3）

To provide optimal geospatial information with pride in customers’ trust in mind.

[Management Policy]
As part of efforts to be the World's Leading Geospatial provider, we always generate change through innovative thinking
and actions.
<Quality policy>
Gain trust of customers and society by providing quality services.
<Environmental policy>
Propose corporate activities easing environmental burden and geospatial information services taking the environment into
consideration.
<Information management policy>
Manage and operate all information assets properly, including personal information, to gain the trust of customers andsociety.
<Industrial health and safety policy>
Deploy physically and mentally healthy employees to perform corporate work duties within a properly controlled andoperated labor environment.
<Human resource development policy>
Strive to gain the most advanced knowledge and technology possible; maintaining high ethical standards to nurture
candidates capable of proactively contributing.

© PASCO CORPORATION-3-

[Management Vision]

Surveying the Earth to Create the Future ～ For Harmony of Human and Nature ～The meaning of a Japanese word "Hakaru" hasmany meanings. It can be expressed to "measure"

Surveying the Earthphysical quantities such as the area of farmland, toCreate the Future"measure" the life span of roads and other public
Measure values

facilities, "measure" the damage caused by

Measure terrains

disasters, "measure" people's feelings, and so on.

Measure damage

Since time immemorial, we have measured society

Calculateservice life

Assume feelings

Measure possibility

Measure seasons

Plan the futurefrom various perspectives and leveraged the results
to refine society. Today, we are convinced that wecan “plan” or “predict” the future by measuringCollection

everything that exists on Earth and accumulating

Accumulation

Analysis

Geospatial Information

the results.
Founded as an airborne surveying company,

PASCO not only captures the Earth by aerial imagery using surveying/measuring technologies but also by integrating all kindsof “measurements” into geospatial information to build a future society in harmony with nature.

-4-© PASCO CORPORATION

(2) Corporate Sustainability

We aim to achieve broad Sustainable Development Goals (SDGs) with our geospatial information
business underpinned by corporate management with ESG (Environment, Social and Governance)
embracing corporate social responsibility. In December 2023, we published the first edition of the
Sustainability Report, which summarizes the results of our sustainability management initiatives.
PASCO Group Sustainability Report 2023 (available only in Japanese):https://www.pasco.co.jp/ir/corporate-sustainability/■ ESG (Corporate Social Responsibility)
Environment
We contribute to mitigating environmental burdens and conserving the global environment by providing society with geospatial
information services, underpinned by the latest technology and reliable results. We also strive to reduce the environmental
burdens generated by our business activities. Moreover, as a SECOM Group company, PASCO strives to promote
environmental contribution by business, environmental conservation activities in its business operations, compliance andongoing improvement of the environmental management system and boost the motivation of employees and social
communication.
SocialWe contribute to rapid situation assessment, recovery and reconstruction efforts in the event of a disaster; leveraging our
expertise as a geospatial information business operator and supporting resilient national land formation and maintenanceefforts. We also encourage our employees to get involved in social contribution activities.
GovernanceWe respect compliance and social ethics and ensure equitable business transactions in providing geospatial information
services that consolidate our sound relationship with stakeholders. Convinced that implementing our management
philosophy is a prerequisite to “remaining socially reliable,” we acknowledge corporate governance as the key management
issue. We strive to promote sustainable growth and improve our enterprise value through business.
■ Sustainable Development Goals (SDGs)
Sustainable Development Goals (SDGs) are global goals to commit to from 2016 to2030 and set out in the 2030 Agenda for Sustainable Development. This was also
adopted by UN member states during the United Nations Sustainable Development
Summit held in September 2015. SDGs aim to end poverty, protect the Earth andensure peace and prosperity for all. They comprise 17 goals and 169 targets andpromise to “leave no one behind.”
PASCO considers it important to assent to the “sustainable development goals”
advocated by the United Nations andexplore business to achieve a sustainable society. We will identify the key SDG issues we should address, define our businessdirection and advance our business activities to achieve a sustainable society.

© PASCO CORPORATION-5-Disaster prevention/mitigation

Land management

Rivers, hazard map, erosion control (sabo),disaster risk information andunderstanding the situation in the eventof a disaster

Digital government, fixed assets,
cultural assets, urban development, land
readjustment and agriculture

Roads, water supply and seweragesystems, bridges, tunnels,
ports/coasts, railways

The question of how to mitigate potential landrisks in the face of intensifying meteorologicaldisasters associated with climate change,
earthquakes, volcanic eruptions and other

Our society is supported by the administrative
services local and national governments provide.
PASCO helps streamline fixed asset
management, land readjustment and otheradministrative services as well as striving toestablish new social infrastructures for the next
generation by advancing digital utilization to
support efforts to achieve a safe, secure andprosperous society.

We need to address the rapid decline of
public infrastructure constructed during theperiod of high economic growth, such as
roads, tunnels, bridges, ports, water supply
and sewerage systems.
PASCO supports the mid- to long-term
maintenance and management needs forstrategic initiatives, leveraging multifacetedsurveys, evaluations, and data accumulation.

Environmental conservation

Analysis / promoting efficiency

Overseas expansion

Environmental assessment, water and air,marine surveys, forest conservation andutilization

Logistics, market analysis, sales support
and customer management andi-Construction

Land geospatial data infrastructure,road asset management,
environmental conservation anddisaster countermeasures

While our vigorous economic activities haveenriched the Earth, they have also caused various
environmental issues.
PASCO supports global environmental
conservationbyoffering
surveying,measurement, investigation, analysis andconsultation services; leveraging geospatial
information technologies to build a future society
in harmony with nature.

Alongside the shrinking workforce, aging
population, changing market environment andsocial patterns, companies are working to
improve productivity utilizing ICT.
PASCO combines geospatial information
technology and ICT to help streamline its work.

Measures against intensifying natural
disasters associated with climate change,
earthquakes, volcanic eruptions and otherdisasters are urgent issues to be addressed
globally as well as domestically.
With its geospatial information technology
cultivated in Japan, PASCO supports efforts toprotect livelihoods and properties anddevelop national economies across the world.

disasters is a challenge in disaster-prone Japan.
PASCO
optimally
exploits
geospatial
information technology to support disasterprevention and mitigation and an emergency
response to preserve people’s livelihoods andproperty and ensure economic activities do notstagnate.

-6-

Infrastructure management© PASCO CORPORATION

(3) Origin of PASCO[Foundation of PASCO CORPORATION]
Our company was founded in October 1953, as Pacific Airborne Surveying Co., Ltd. At the time, our business centered on
map-creation to facilitate post-World War II reconstruction. This work, in turn, used aerial photos taken by cameras mounted
on aircraft as part of an airborne photogrammetric survey. In August 1962, the company was renamed Pacific Kogyo Co., Ltd.
and listed on the second section of the Tokyo Stock Exchange. Subsequently, in 1974, the company became the first surveying
company to be listed on the first section of the Tokyo Stock Exchange. From October 1983 onward, the company has been
known as PASCO CORPORATION.
[Expansion of the map-related business]
In 1959, Beach Craft C18S (shown on the right), a long-awaitedcompany

aircraft,wasintroduced

toprovidetheairborne

photogrammetric survey (to create maps utilizing aerial imagery taken
by a camera mounted on the aircraft), as demand from governmentalorganizations and local governments began to soar.
From around 1960, the company extended its business to coastline survey, bathymetry and tidal current survey, then entered
the civil engineering design business full scale in 1963 in response to the ever-increasing road maintenance projects.
In November 1963, we participated in an international tender for a
project to demarcate the border in neutralized zones between Saudi
Arabia and Kuwait. Ultimately, as a Japanese private surveying company,
we achieved a notable first by successfully winning an order directly froma foreign government (shown on the right), a landmark moment in our
history.
In 1973, the US-based Environmental Systems Research Institute, Inc. (ESRI), a company who was partnering us in a resort
development project, conducted a computer analysis using a Geographic Information System (GIS) to assess environmental
impacts. Leveraging this as our catalyst, we then began utilizing GIS from the following year onwards.
GIS was a landmark system managing points, lines, planes and other geographic information and their connections on ahierarchical level and utilizing the underlying logic of map-related processing. We promptly adopted the system and then
expanded the administrative scope of our mapping business, to go beyond merely delivering maps and also proposing systemservices that would use them.
[Business diversification]
In 1966, we were confronted with a serious decline in orders due to a period of recession after the Tokyo Olympic Games.
In response, we initiated businesses with different economic cycles to overcome the management crisis and set out a businessdiversification policy to consolidate our management approach, irrespective of the economic downturn. This helped us reboot
sales by going into the real-estate and resort development business in 1969, followed by convenience stores and beverages in
the 1980s. As the bubble economy collapsed, however, those businesses also went into decline, whereupon the company
decided to return to its core business. A third-party allotment by SECOM Co., Ltd. helped us revitalize our original business in
1999.
© PASCO CORPORATION-7-

(4) PASCO’s Features

Currently, our Group manages the geospatial information segment of SECOM Group. With a management vision of“Surveying the Earth to Create the Future,” we strive to build our future society in harmony with nature.
[Performing unique competitiveness with three superiorities]
We capture various phenomenon on Earth by “Remote Sensing” and “Onsite Sensing” and develop “Analysis Technology”
utilizing Artificial Intelligence (AI), IoT, GIS, and image processing. Our superiority in combining these three elements is theunique competitiveness that sets us apart. We are demonstrating these superior features to expand our business.
By means of technology that reproduces the real world on a computer and technology to analyze and evaluate, the past,present, and future can be predicted and can be utilized to solve national, regional, and global problems. We provide geospatial
information services to address social issues including infrastructure maintenance and management, disaster and other risk
management and countermeasures.

Remote Sensing

Onsite Sensing

Satellites

AircraftHelicopters

ForestWater supply
and sewerage

Road

DronesMeasuring vehicles

Vessels

DisasterCity

MarineTo address social issues
Image processing<Demonstrating unique competitiveness by three superiorities>-8-© PASCO CORPORATION

<Remote Sensing>
Mounting forefront sensors on various platforms to detect the ground surface.
We actively introduce updated surveying/measurement technologies while promoting research and development into
efforts to implement them effectively and address social issues.
Space

Optical sensors/microwave sensors

Optical sensors/hyperspectral sensors
laser sensor/heat sensor
Airspace

Optical sensors/laser sensor/thermal sensor

Lands
Optical sensors/laser sensor

WatersAcoustic wave sensor<Onsite Sensing>
We visit key social sites, including areas affected by disaster and environmentally significant areas, forests, roads, watersupply and sewerage systems, cities, dams, rivers, ports and bridges to grasp and obtain through observing, hearing, andtouching the actual situation of the current social situations.

© PASCO CORPORATION-9-(5) PASCOʼs Geospatial Information Collection Capability

Satellite Observation
Earth Observation satellites providing surface data by orbiting the Earth from over 500 km in outer space.

An optical satellite “Pléiades” operated by Airbus Defence & Space(Airbus DS) in France

A SAR satellite “ALOS-2” operated by theJapan Aerospace Exploration Agency (JAXA)A SAR satellite “TerraSAR-X” operated by the German Aerospace Center(Deutsches Zentrum für Luft- und Raumfahrt - DLR) in Germany

Optical satellite … a passive Earth Observation satellite capturing the reflected solar radiation
SAR (Synthetic Aperture Radar) satellite … an active Earth Observation satellite transmitting radio waves and receiving the echoes (capable of providing imagery
around the clock, regardless of the weather)

Airborne Surveying
Photographing and measuring the surface using optical/laser sensors mounted.

As well as optical images acquired from vertical and oblique directions(aircraft and helicopters), 3D surface coordinate data is measured by laser
sensors.

Drone measurement

Photographing and measuring the surface using optical/laser sensors
mounted on small unmanned machines.
Capable of photographing and measuring the surface precisely from alower altitude than aircraft.

Vehicle/Terrestrial Surveying
Carry out highly accurate 3D measurement
by vehicle-mounted laser sensors.

The vehicle-mounted-type laser measurement system (Mobile Mapping
System: MMS), which is also used to establish high-precision 3D road map
information for autonomous driving.

- 10 -© PASCO CORPORATION

3D coordinate point cloud data created by automatically generating a 3D city model from multiple overlapping aerial images and displaying extractedchanging points in different coded colors by height.

A 3D terrestrial model simultaneously measured the surface coordination data in the estuary area, riverbed and seabed using a laser measurement
system mounted on the aircraft (Airborne Laser Bathymetry: ALB).

A coordinate point cloud in 3D data displaying the road surface, street space and areas measured by a laser measurement system mounted on thevehicles (Mobile Mapping System: MMS).

© PASCO CORPORATION- 11 -

(6) PASCO Group Medium-Term Management Plan 2023-2025<PASCO Group Medium-Term Management Plan 2023-2025>
On August 7, 2023, we formulated the PASCO Group Medium-Term Management Plan 2023-2025 with the primary goal ofcontributing to the creation of a sustainable global environment and the building of social infrastructure, as well as ensuring soundmanagement and making significant contributions to society through our business operations. The three-year period under thisMedium-Term Management Plan is designated as the “Restructuring Period,” aiming to rebuild our management foundation in
preparation for a new phase of growth.
<Basic Policy and Plan Structure>
The Basic Policy stipulates, "Transforming into 'truly reliable corporate management' as the top priority, while laying thefoundation for a new market strategy through the utilization of geospatial information." The plan is structured around two main
pillars: the "True Value Management Plan" and the "Business Evolution Plan."

Basic Policy
Transforming into “truly reliable corporate management”
as the top priority, while laying the foundation for a new market strategy through theutilization of geospatial information.

Plan Structure
True Value Management Plan

Business Evolution Plan

- 12 -© PASCO CORPORATION

< True Value Management Plan >< Business Evolution Plan >The True Value Management Plan is built on the following
five pillars: (1) thorough implementation of fair andequitable business practices; (2) building trust withstakeholders; (3) fostering value-creating human resources;(4) strengthening PASCO DX; and (5) transitioning toenvironmentally conscious business activities. PASCO haslaunched comprehensive education and training initiatives,
including compliance training, clarified proper judgment
criteria and rules, and commenced operations andmonitoring.
Furthermore, as part of “strengthening PASCO DX”, we are
updating core systems and standardizing and consolidating
management operations.

Under the Business Evolution Plan, we focus on three
Japanese terms, each pronounced as “SHINKA”: (1) Deepen(深化) to reform and strengthen existing businesses;(2) Expand (伸化) to grow sustainable businesses; and(3) Innovate (新化) to create new businesses based ondiversity. By strengthening foundational and advanced
technologies to promote these three aspects of"SHINKA," and by enhancing cutting-edge basic researchand development in areas such as automation andhyperspatial future prediction, we aim to achieve geospatial
information innovation (connecting, expanding, andutilizing).

True Value Management Plan

Business Evolution PlanThoroughly implement
fair & equitablebusiness practices.

Build trust withstakeholders.

Strengthen PASCO DX.

“Deepen (深化, SHINKA)” “Expand (伸化, SHINKA)” “Innovate (新化, SHINKA)”
to grow sustainable
to create new businesses
to reform and strengthenbusinesses.
based on diversity.
existing businesses.

Foster valuecreating HR.

Strengthen foundational and advanced technologies
to promote the three "SHINKA."

Transition to environmentallyconscious business activities

For details, only available in Japanese, please refer to the Medium-Term Management Plan on our website.
https://www.pasco.co.jp/ir/medium-term-management-plan/© PASCO CORPORATION- 13 -

(7) Business Situation[Three business sectors]
Our group business comprises three sectors: the domestic public business, domestic private business and overseas business.
The following graph shows trends in consolidated sales and operating income.
(Left axis: consolidated sales / Right axis: consolidated operating income, Unit: 1 million JPY)

Overseas

Domestic Private

Domestic Public

OperatingincomeThe reason for the operating income going into decline from FY 2013 was due to strategically accepting works that involved
formulating a mid- and long-term plan for local government operations (a comprehensive management plan for public
facilities) to help them avoid financial difficulties. This work would involve establishing an operating foundation for local
government in the next generation as a means of underpinning management consulting expertise, causing profits to decline.
With the strategic acceptance of this work, however, the domestic public business result showed a recovery from FY 2016
onwards.
In addition, a downturn in business due to the changing business environment in the overseas business sector was one of
the factors behind the stagnating profits. Although a deficit of up to 1 billion JPY was posted in FY 2016, we steadily reduced
this by optimizing overseas business group-wide until a surplus was achieved from FY 2020.
In FY 2022 (Fiscal Year ending March 31, 2023), consolidated sales exceeded 60 billion JPY due to market expansion driven
by government-led initiatives such as the Five-Year Acceleration Plan for Disaster Prevention/Mitigation and Building National
Resilience, as well as the Vision for a Digital Garden City Nation.

- 14 -© PASCO CORPORATIONThe pie chart on the right shows the sales ratio among business sectors. The domestic public business, which waslaunched at the founding until today, comprises around 80% of all sales. The domestic private business was launched after
joining the SECOM Group while the overseas business was initiated full scale from the early 2000s onward. The pie chartcomprises these three sectors:
SectorDomestic publicbusiness

Business outline
Promote administrative service efficiency, infrastructure
maintenance and management, disaster prevention andDomestic private
business
Overseas businessmitigation, land resilience building, etc.

Domestic private

Provide solutions concerning planning for managementbusinessstrategy, streamlined logistics, regional analysis, etc.

60.7
billion yen

Advance projects for national land geospatial data
Overseas business

Domestic publicbusiness

infrastructure development, environmental
conservation/disaster countermeasures, etc. focusing on<Sales ratio by sectors>
ratio<Sales composition

developing countries.

[Domestic public business]

The domestic public business engages with national governments and 1,800 or so local governments (clients) toprovide them with administrative support. Most administrative services center on maps and involve location and area
information. Our business is to conduct geographical surveys and measurements, analyze and evaluate findings
according to their use and provide applications which interface with the maps used on a daily basis (as an info systemservice). This business sector is expected to accept work assignments on a stable and ongoing basis. While there aremany operations that occur regularly, such as the calculation and management of property taxes based on laws andregulations, and the maintenance and management of roads and water and sewerage systems, there are also
operations that vary depending on the budget scale and allocation each fiscal year. Recently, operations such as thedevelopment and utilization of digital infrastructure for the realization of the Vision for a Digital Garden City Nationand the construction of 3D city models under the Ministry of Land, Infrastructure, Transport and Tourism-led Project
PLATEAU have been expanding. All these operations are closely related to map information (location and area
information) and are areas where we can demonstrate our technical expertise.
Most project cycles start by submitting a proposal of our technology application and quote (bid) to administrative agencies
decided their annual budget, whereupon projects are implemented after being assigned (contingent on a successful bid). Mostof such projects are assigned in the first quarter (the figure below: left), with production activity likely to increase toward thedelivery period at the end of the fiscal year. Accordingly, both sales and profits rise toward the fourth quarter (the figure below:
right). Since payment after delivery is concentrated during April and May of the following fiscal year, debt temporarily increases
at the end of the fiscal year. Maximizing the number of orders that can be accepted depends on awareness of the national andlegal circumstances and amendments as early as possible and scope to propose projects to secure the budget. Responding to any
supplementary budget during the second half of the fiscal year is also important.
© PASCO CORPORATION- 15 -

[Domestic private business]
Our domestic private business serves private businesses in Japan and focuses on providing geospatial information services
to help boost productivity, formulate business strategy and aid decision-making by using location, road network and statisticalinformation and big data. As well as surveying for real estate and land management clients and developing maps, work in thisbusiness also includes developing and maintaining high-precision 3D road information supporting autonomous driving (in theform of dynamic maps).
Specifically, our business in this sector include support for vehicle allocation planning to streamline logistics work, optimize
the route navigation and logistics center (network) and market analysis for store opening plans and consolidation (areamarketing). These services are demanded by automobile, manufacturing, communication, real estate and finance industries aswell as logistics and retail/service industries.
[Overseas business]
Overseas operations consist of assistance to developing countries funded by the Official Development Assistance (ODA)
budget of the Japan International Cooperation Agency (JICA) and the sales of our overseas subsidiaries. Some of ourinternational business activities were affected by unexpected changes in laws and regulations in each country, politicalinstability, and local weather, leading to inherent business risks such as delays in construction and project freezes. Accordingly,
in FY 2017, we began efforts to improve and stabilize our overseas operations.
In recent years, we have concentrated our market strategy on the ASEAN member countries to re-expand our overseas
operations.
<Synergetic effect with SECOM>Our technology is utilized to develop a system related to maps for COCOSECOM, a security service launched by SECOM in
2001. Recently, the scope of the security business has been expanded from initiatives that identify locations of individual
residences and business offices to event venues and related areas and regions. Our technology used to generate high-precision
3D models can be applied to those domains. Since a high-precision 3D model reproduces regions three-dimensionally, it has
been used as key technology to formulate a security plan and carry out multifaceted simulation.

- 16 -© PASCO CORPORATION

<Representative info system services>
Optimized delivery routes displayed by the “LogiSTAR” logistics
solution (image).

A statistical data ranking map displayed by the “MarketPlanner”
regional analytical solution (image).

A screenshot of PasCAL system for LGWAN, a GIS for
supporting local government services.

High-precision 3D road map information for autonomous
driving generated from MMS measurement results (image).

© PASCO CORPORATION- 17 -

(8) Disaster Emergency Photography・
A Corporate Social Responsibility(CSR)[Mission of geospatial information business operator]
When the Great East Japan Earthquake occurred at 2:46 p.m. on
March 11, 2011, PASCO optimally exploited its technology andmethodology to provide any map information likely to facilitate
disaster countermeasures in affected areas and help local andnational governments with such work. We also published theinformation on our website. We consider it the “mission of thegeospatial information business provider” to deliver maps that aid
relief operations during the Critical 72 Hours needed to save lives.
We mainly used TerraSAR-X, a SAR (Synthetic Aperture Radar)satellite operating in the X-band, which was capable of direct
tasking (sending direct imaging instructions to the satellite toacquire image), to provide information that could aid rescue, relief
and restoration efforts.

<The figure on the right>
We created a map showing topographical changes caused by tsunamis
striking the Sendai City area by superimposing images acquired by TerraSAR-X on October 21, 2010 (pre-disaster) and March 13, 2011 (postdisaster). The figure pinpoints changes in surface roughness by leveraging the characteristics of the image acquired by TerraSAR-X. Areas
shown in dark red or dark blue are considered to have been affected by the tsunamis (inundation area).

Our work to create a map that estimated the entire extent of flooding over an area from Aomori to Ibaraki Prefectures using
Earth Observation (EO) satellite comprised a total of 194 scenes covering approximately 560,000 km2 and imaged by using
TerraSAR-X and various other optical satellites (WorldView-1 and 2, RapidEye, ALOS, SPOT-5 and EROS-B).
At a time when airborne photography has proved a useful mainstream method to determine the impact when a disasterstrikes, PASCO has taken the initiative to use EO satellites. This approach has revealed the bigger picture of overall tsunami
damage and helps us provide information faster than any other organization. We are proud of this initiative as the first step todemonstrate the potential of this EO satellite to determine the extent of damage during wide-area disasters to society.
Moreover, when interpreting the level of damage around Sendai City in detail, it proved very effective to compare archived
satellite images acquired before the disaster as regular observations with post-disaster images.

- 18 -© PASCO CORPORATIONThe 2004 earthquake and tsunami that occurred off the coast of Sumatra, Indonesia, triggered our company to undertakethese activities. Since airborne photography was the only viable means at the time, however, determining the extent of damage
was a slow process, underlining our regret at the “lives” we could have otherwise saved. The following year, we focused all effortson the satellite business and signed an agreement to work with “TerraSAR-X”, a commercial SAR satellite, for the purpose of
direct tasking and imagery data distribution. It is operated by the German Aerospace Center (DLR) and Airbus Defence andSpace, a world leader in geospatial data provision and defence intelligence of Europe, in the frame of a Public Private
Partnership. SAR comes with a sensor which transmits microwaves from the satellite to the surface of the Earth and receives
the scattered wave, capable of providing imagery around the clock, whatever the weather.

<Addressing National Land: Disaster Mapping for Emergency Use>
We leverage our essential technologies of acquiring and processing geospatial
information to assess situations in the event of a disaster.
When a disaster occurs, we strive to assess the situation as quickly as possible bycombining optimal observation platforms, including satellites, aircraft, and helicopters,
while considering the scale of the disaster, the affected areas, and the weather
conditions. In particular, the Synthetic Aperture Radar (SAR) satellites can obtain
information of the ground surface regardless of weather conditions, both during day
and night enabling to acquire images of the affected areas even in conditions whereaircraft cannot fly due to bad weather.
We extract the affected areas from the information obtained this way and provide
the results to relevant organizations, such as local governments, ministries, privatecompanies etc.
Additionally, we publish a booklet called “Addressing National Land,” a collection ofdisaster emergency photography cases, and make it available on our website to support
the prevention of secondary disasters and the formulation of swift recovery plans.
“Addressing National Land - Threat of the Nature” has been independently edited
and published by PASCO in the hope that the results of our disaster emergency
photography efforts will be widely communicated to and utilized by society at large.
Since the release of the first edition in 2009, it has included various disaster cases inJapan and overseas along with digital aerial photographs and satellite images.
In 2023, marking 100 years since the Great Kanto Earthquake and 70 years since thefounding of PASCO, we published a special edition that includes 60 cases since 2000 and
13 cases from 1983 to 1997 that had not been previously published.

PASCO’s website:

https://corp.pasco.co.jp/disaster/Web book:

https://www.pasco.co.jp/ebook/kokudo/© PASCO CORPORATION- 19 -

(9) Corporate Overview <as<asofofMarchMarch31,
31,2024>
2023>[Company name]

PASCO CORPORATION[Establishment]

October 27, 1953 (Registered date: July 15, 1949)[Headquarters]

PASCO Meguro Sakura Building, 1-7-1 Shimomeguro, Meguro-ku, Tokyo 153-0064, Japan[Amount of capital]

8,758.48 million JPY[Stock listing]Standard Market of the Tokyo Stock Exchange (Security code: 9232)[Consolidated sales]

60.7 billion JPY[Number of employees]

2,838[Total number of authorized shares]

40,006,199[Total number of issued shares]

14,418,025[Number of share units]

100[Number of stakeholders]

8,449[Directors and Officers] (as of June 21, 2024)■ Bord Members

Mr. Norimitsu Takahashi, President and CEO
Mr. Kazuhisa Miyamoto, Managing Director
Mr. Kiyoshi Kamiyama, Director
Mr. Takashi Shinazawa, Director
Mr. Tadashi Hamade, Director
Mr. Osamu Nishimura, Director
Mr. Takeshi Kawaguchi, Director
Mr. Mamoru Takamura, External Director (Independent Executive)
Mr. Takayuki, Nakazato, External Director (Independent Executive)■ Auditors

Mr. Kiyotaka Yanai, Full-time Audit & Supervisory Board Member
Mr. Kosaku Sogabe, Audit & Supervisory Board Member
Mr. Satoru Nagasaka, External Supervisory Board Member (Independent Executive)
Mr. Nobuaki Otsuka, External Supervisory Board Member (Independent Executive)- 20 -© PASCO CORPORATION

Number(1,000 shares)

Investment(ratio)10,316

71.7%

The Master Trust Bank of Japan, Ltd.

204

1.4%

NORTHERN TRUST CO.(AVFC) RE IEDU UCITS CLIENTS NON LENDING 15 PCT TREATYACCOUNT190

1.3%

UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT

154

1.1%

PASCO Employee Stock Ownership Association

151

1.1%

GOLDMAN SACHS BANK EUROPE SE

150

1.0%

JPMorgan Chase & Co.

148

1.0%

Major Shareholders
SECOM Co., Ltd.

Note 1) Ratio of shares owned to the total outstanding shares. PASCO owns 2,100 treasury shares.
Note 2) Less than 1,000 shares held are rounded down and the shareholding ratio is rounded off to two decimal places.

[Accounting year]

From April to March 31 of the following year.

[Annual shareholders meeting]June of each year

[Fixed record date for dividend]

March 31 of each year

[Shareholder registry administrator]

Mitsubishi UFJ Trust and Banking Corporation[Special account administrator]

Mitsubishi UFJ Trust and Banking Corporation[Contact of the administrator]

Stock Transfer Agency Department, Mitsubishi UFJ Trust and Banking Corporation
1-1 Nikko-cho, Fuchu City, Tokyo 183-0044, Japan
Tel: +81 (0)120 232 711 (toll-free)
Mails: Attn: Stock Transfer Agency Department, Mitsubishi UFJ Trust and Banking
Corporation
PO Box #29, Shin-Tokyo Post Office 137-8081[Method of public notice]Electronic notification. (Website: https://www.pasco.co.jp)
However, in the event that electronic public notices cannot be provided due toaccidents or other unavoidable grounds, the public notices shall be given in the
Nihon Keizai Shinbun (Nikkei).

© PASCO CORPORATION- 21 -

[Certifications]

ISO 9001 (Quality Management System)

certified in 1999

ISO 14001 (Environmental Management System)

certified in 2003

ISO/IEC 27001 (Information Security Management System)

certified in 2002

ISO/IEC 27017 (ISMS Cloud Security)

certified in 2017

(PasCAL, Wagamachi Guide, Facility Reservation System)
ISO/IEC 20000-1 (IT Service Management System)

certified in 2017

JIS Q 15001 (Personal Information Protection)

certified in 2020

ISO 55001 (Asset Management System)

certified in 2016

(Certification scope: http://www.jtccm.or.jp/)
PrivacyMark

certified in 2005

Kurumin (Certification mark for supporting raising next-generation children)certified in 2007 and 2012
Resilience Certification (Resilience Certification for contribution to national resilience)certified in 2016
[Registration and licenses]

Survey business operator

Registration No. (16)-56

Construction consultant

Construction 06 No. 1155

Geological survey company

Geology 04 No. 24

Compensation consultant

Compensation 06 No. 688

First-class Architect Office

Governor of Tokyo Registration No. 34918

Measurement certification business operator

Governor of Tokyo (sound pressure level) No. 996(vibration acceleration level) No. 997

Designated Investigation Institution based on

2003-3-2086

the Soil Contamination Countermeasures Act
Property appraiser

Minister of Land, Infrastructure, Transport
and Tourism (2) No. 289

Special Construction Business

Minister of Land, Infrastructure, Transport
and Tourism Approval (Special-4) No. 8960

Worker Dispatching Business Permission Number- 22 -

13-308929© PASCO CORPORATION

Please check our website for the most recent financial information.
https://www.pasco.co.jp/ir/―――――――――――――――――――――――――――――――――――――――――――――――――――――――[Note]
No information contained in this document is intended to solicit the purchase or sale of company stock shares.
The future strategy, predictions and other information described in this document were deemed reasonable by PASCO at the time of creating
this document. Actual achievement and other relevant information may vary based on a range of factors and there can be no guarantee thatthey will be achieved as described. Moreover, the contents of this document may change without prior notice.
PASCO and its information providers disclaim any liability for any damage incurred based on the information. We appreciate yourunderstanding.

Version: August 2024 / IR Office, PASCO CORPORATIONPASCO Meguro Sakura Bldg, 1-7-1 Shimomeguro, Meguro-ku, Tokyo 153-0064, Japan
URL: https//www.pasco.co.jp / E-mail: 9232-IR@pasco.co.jp© PASCO CORPORATION- 23 -