About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Key Financial Data and Performance History▎ Key Financial Data (Consolidated)
(FY)

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Order received(Millions of Yen)

1,404,406

1,645,895

1,765,743

1,671,061

1,655,035

1,743,497

1,693,859

1,680,051

1,650,627

1,589,745

1,810,445

Net sales(Millions of Yen)

1,416,495

1,533,473

1,573,270

1,545,889

1,487,252

1,585,497

1,650,877

1,751,330

1,480,141

1,543,240

1,642,712

Operating income(Millions of Yen)

35,606

53,77370,417

117,468

140,822

181,859

153,323

167,755

130,516

96,07754,740Ordinary income(Millions of Yen)

35,06356,756

74,467

117,703

144,591

185,349

157,936

173,347

135,937

103,247

63,125

Net income attributable to owners of parent(Millions of Yen)

20,05032,08938,17777,04590,566

126,788

112,571

122,087

92,55471,43647,124Comprehensive income(Millions of Yen)

56,50046,612

101,21437,66592,788

148,657

119,290

86,343

138,303

74,76536,600Net assets(Millions of Yen)

343,300

384,166

492,114521,277

570,813669,019722,390753,915

844,420872,835

833,944

Total assets(Millions of Yen)

1,543,094

1,599,065

1,735,248

1,660,821

1,760,078

1,910,597

1,846,176

1,889,995

1,870,622

1,956,200

2,016,717

Net assets per share*(Yen)

299.84335.42418.61442.672,483.01

2,975.02

3,302.86

3,550.03

4,084.81

4,335.78

4,402.01

Net income per share*

(Yen)

17.60

28.17

33.52

65.85

392.87561.36511.90573.14442.66350.88241.24Equity ratio

(%)

22.1

23.9

28.2

31.2

32.3

34.9

39.0

39.7

44.9

44.4

41.1

ROE

(%)

6.3

8.9

8.8

15.3

16.7

20.5

16.2

16.6

11.6

8.4

5.6

Cash flows from operating activities(Millions of Yen)

73,081

138,749

24,07895,360218,158

207,020(71,028)

77,47567,49480,50730,101

Cash flows from investing activities(Millions of Yen)

(4,703)16,028(13,975)(25,070)6,296(11,852)(82,288)

33,260(18,683)(37,680)(14,058)

Cash flows from financing activities(Millions of Yen)

(46,551)(68,826)(30,470)(35,171)(60,061)(41,682)(96,197)(66,647)(37,342)(41,863)(98,668)

Cash and cash equivalents at end of year

(Millions of Yen)

265,772

354,372

337,166

371,730

534,787

687,346437,584

482,655494,274

496,760

415,863Interest-bearing debt

(Millions of Yen)

379,072

316,493273,289

254,695

238,145

247,379

217,423

208,146

219,017

224,323

201,700*A s a consolidation of share was implemented at the ratio of 1 share for 5 shares of the Company stock effective October 1, 2017, net assets per share andnet income per share are calculated assuming that the consolidation of share was implemented at the beginning of FY2016.

▎ Performance History (Consolidated)(Billion of Yen)
200

(Billion of Yen)
2,000

1,500

150

1,000

100

500

50

0

0

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Net sales (Left scale)

103 T A I S E I ANNUA L R EPORT 2023

2019

2020

2021

2022

Net income attributable to owners of parent (Rightscale)-500

T A I S EI A N N UA L R EPO R T 2023 104

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Consolidated Financial Statements

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETSTAISEI CORPORATION AND CONSOLIDATED SUBSIDIARIESYEARS ENDED MARCH 31, 2022 AND 2023
(Note) Excluding the reversal of revaluation reserve for land.

Millions of Yen

Retainedearnings

Millions of Yen

Total
shareholders’equityUnrealized gains
on available-forsale securities,
net of taxes

Unrealized gains(losses) on
hedging
derivatives,
net of taxes

Revaluation
reserve for land

Foreign currencytranslation
adjustments

Remeasurements of defined
benefit plans

Total
accumulated
othercomprehensive
incomeNoncontrollinginterests

Commonstock

Capital surplus

Balance as of April 1, 2021 ������������������������������������������������
Cumulative effects of changes in accounting policies ��������

¥ 122,742¥ 60,198¥ 621,568
178¥(85,916)¥ 718,593
178¥ 103,215¥ (15)¥ 1,223¥ (3,847)¥ 21,675¥ 122,251¥ 3,575¥ 844,420
178

Restated balance at beginning of year ����������������������������������

122,742

60,198621,747(85,916)

718,772

103,215

(15)

1,223

(3,847)

21,675

122,251

3,575

844,599(20,007)6
105,018(26,598)
71,436(20,007)6——0Treasury stock

Changes during the period ���������������������������������������������������
Dividends ��������������������������������������������������������������������������
Profit attributable to owners of parent �������������������������������
Acquisition of treasury stock ���������������������������������������������
Disposal of treasury stock �������������������������������������������������
Cancellation of treasury stock �������������������������������������������
Transfer from retained earnings to capital surplus ��������������
Reversal of revaluation reserve for land �����������������������������
Changes other than shareholders’ equity, net (Note) ���������
Total changes during the period ����������������������������������������

—(29,816)(30,364)

85,017

Balance as of March 31, 2022 �������������������������������������������

¥ 122,742¥ 30,382¥ 591,383

Balance as of April 1, 2022 ������������������������������������������������
Cumulative effects of changes in accounting policies ��������
Restated balance at beginning of year ����������������������������������
Changes during the period ���������������������������������������������������
Dividends ��������������������������������������������������������������������������
Profit attributable to owners of parent �������������������������������
Acquisition of treasury stock ���������������������������������������������

¥ 122,742¥ 30,382

122,742

30,382(26,598)
71,436(105,018)
75,202(75,202)
0

(0)

1,944
1,944

6,754
6,754

(0)
3,026
3,026

372
372

(26,598)
71,436(20,007)
6
—
—
—
3,398
28,236¥ (8)¥ 1,223¥ (1,903)¥ 28,429¥ 125,277¥ 3,948¥ 872,835¥ 97,535¥ (8)¥ 1,223¥ (1,903)¥ 28,429¥ 125,277¥ 3,948

97,535(8)

1,223(1,903)28,429125,277

3,948¥ 872,835—
872,835(0)24,837(5,679)(5,679)7
7¥(898)¥ 743,609¥ 97,535¥ 591,383¥(898)¥ 743,609

591,383(898)

743,609(50,007)(25,722)47,124(50,007)(25,722)47,124(50,007)

0
—
—
(11)

(25,722)47,1240(49,999)
49,999

Disposal of treasury stock �������������������������������������������������
Cancellation of treasury stock �������������������������������������������
Transfer from retained earnings to capital surplus ��������������
Reversal of revaluation reserve for land �����������������������������
Changes other than shareholders’ equity, net (Note) ���������
Total changes during the period ����������������������������������������

——(28,609)(7)

Balance as of March 31, 2023 �������������������������������������������

¥ 122,742¥ 30,382¥ 562,774¥(906)049,999(49,999)
(11)

11

2,140
2,140

(12,791)(12,791)

11(11,094)(11,082)

807
807

0
—
—
—
(10,286)(38,890)¥ 1,235¥237¥ 15,638¥ 114,194¥ 4,756¥ 833,944

Remeasurements of defined
benefit plans

Total
accumulated
othercomprehensive
incomeNoncontrollinginterests

11(28,616)

(445)
(445)

1
1

¥ 714,992¥ 97,090¥ (6)Thousands of U.S. Dollars

Thousands of U.S. Dollars

Revaluation
reserve for land

Foreign currencytranslation
adjustments

Treasury stock

Total
shareholders’equity$ 4,428,844$   (6,731)$ 5,568,857$ 730,440$ (62)$ 9,164$ (14,256)$ 212,909$ 938,194$ 29,570

4,428,844(6,731)

5,568,857

730,440

(62)

9,164

(14,256)

212,909938,194

29,570$ 6,536,622—
6,536,622(374,501)2
374,444(192,634)
352,914(374,501)
2
—
—
(89)

Balance as of April 1, 2022�������������������������������������������������
Cumulative effects of changes in accounting policies ��������
Restated balance at beginning of year ����������������������������������
Changes during the period ���������������������������������������������������
Dividends���������������������������������������������������������������������������
Profit attributable to owners of parent��������������������������������
Acquisition of treasury stock����������������������������������������������
Disposal of treasury stock��������������������������������������������������
Cancellation of treasury stock��������������������������������������������
Transfer from retained earnings to capital surplus���������������
Reversal of revaluation reserve for land������������������������������
Changes other than shareholders’ equity, net (Note) ���������
Total changes during the period ����������������������������������������

——(214,254)(54)

Balance as of March 31, 2023��������������������������������������������

$ 919,210$ 227,534$ 4,214,590$   (6,786)

105 T A I S E I ANNUA L R EPORT 2023

Unrealized gains(losses) on
hedging
derivatives,
net of taxes

Unrealized gains
on available-forsale securities,
net of taxes

Commonstock

Capital surplus

Retainedearnings$ 919,210$ 227,534

919,210

227,534(192,634)
352,9140(374,444)
374,444

Total net
assets(374,444)(89)

89

16,032
16,032(95,792)(95,792)89(83,083)(82,993)

6,049
6,049

(192,634)
352,914(374,501)
2———(77,033)(291,252)$ 9,253$1,775$ 117,116$ 855,200$ 35,620$ 6,245,369

89(214,308)(3,335)(3,335)12
12$ 5,354,548$ 727,104$ (49)

Total net
assetsT A I S EI A N N UA L R EPO R T 2023 106

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETSTAISEI CORPORATION AND CONSOLIDATED SUBSIDIARIESAS OF MARCH 31, 2022 AND 2023

Thousands of
U.S. Dollars

Millions of Yen
Assets

2022

2023

2023

Thousands of
U.S. Dollars

Millions of Yen
Liabilities

2022

2023

Notes and accounts payable trade ��������������������������������������������

¥ 423,349¥ 476,115$ 3,565,605

2023

Current liabilities

Current assets
Cash and time deposits�������������������������������������������������������������

¥ 499,113¥ 415,950$ 3,115,033

Notes and accounts receivable trade�����������������������������������������

575,600

688,768

5,158,154

Cost on uncompleted contracts ������������������������������������������������

47,44367,658506,691

Real estate for sale and development projects in progress ��������

117,831

131,439984,347

Other inventories �����������������������������������������������������������������������

3,389

4,003

29,985

Other current assets �����������������������������������������������������������������

53,07945,847343,348

Allowance for doubtful accounts �����������������������������������������������

(100)

(182)

(1,369)1,353,485

10,136,191

Total current assets ������������������������������������������������

1,296,356

Short-term borrowings ��������������������������������������������������������������

97,901

81,965613,835

Short-term non-recourse loans payable ������������������������������������

15

11

84

Straight bonds due within one year �������������������������������������������

20,000——

Lease obligations ����������������������������������������������������������������������

318

347

2,600

Advances received and progress billings on uncompleted contracts ��������

160,733

181,226

1,357,197

Deposit received �����������������������������������������������������������������������

156,315

170,995

1,280,579

Provision for warranties on completed contracts �����������������������

3,250

3,325

24,907

Provision for losses on construction contracts ��������������������������

14,16347,897358,705

Other current liabilities ���������������������������������������������������������������

50,31760,767455,083

Total current liabilities �����������������������������������

926,363

1,022,652

7,658,600

Straight bonds ��������������������������������������������������������������������������

40,00040,000299,558

Long-term borrowings ��������������������������������������������������������������

66,27979,606596,169

Long-term non-recourse loans payable �������������������������������������

128

117

876

Lease obligations ����������������������������������������������������������������������

592

716

5,364

Long-term liabilities
Fixed assets
Tangible fixed assets
Buildings and structures ��������������������������������������������������������

153,961

161,554

1,209,871

Machinery, vehicles and equipment ����������������������������������������������

64,86868,273

511,294

Land ��������������������������������������������������������������������������������������

120,914

120,488902,330

Construction in progress �������������������������������������������������������

4,068

5,354

40,102

Accumulated depreciation �����������������������������������������������������

(136,376)(142,320)(1,065,831)

Total tangible fixed assets ��������������������������������������

207,435

213,349

1,597,767

Intangible fixed assets ���������������������������������������������������������������

16,016

17,581

131,667

12,824

1,711

12,814

3,274

3,274

24,523Retirement benefits for directors and corporate auditors �����������

435

508

3,806

Provision for share-based remuneration for directors ������������������������

48

48

363

Provision for environmental measures ���������������������������������������

1

—

—

Net defined benefit liability ���������������������������������������������������������

15,05415,037

112,615

Other long-term liabilities �����������������������������������������������������������

18,363

19,100143,044

Total long-term liabilities ������������������������������������������������������������

157,002160,120

1,199,137

Total liabilities �����������������������������������������������

1,083,365

1,182,773

8,857,737

Net assets
Shareholders’ equity

Investments and other assets
Investment securities �������������������������������������������������������������

380,271386,906

2,897,521

Net defined benefit asset �������������������������������������������������������

23,23010,87581,447

Deferred income tax assets ���������������������������������������������������

3,543

5,918

44,320

Other fixed assets �����������������������������������������������������������������

31,21530,570228,944

Allowance for doubtful accounts ��������������������������������������������

(1,869)(1,969)(14,753)

Total investments and other assets �������������������������

436,391

432,300

3,237,480

Total fixed assets ��������������������������������������

659,844663,232

4,966,914

Total assets �����������������������������������������������

¥ 1,956,200¥ 2,016,717$ 15,103,106

107 T A I S E I ANNUA L R EPORT 2023

Deferred income tax liabilities�����������������������������������������������������
Deferred income tax liabilities for revaluation of land ������������������

Common stock �������������������������������������������������������������������������

122,742

122,742919,210

Capital surplus ��������������������������������������������������������������������������

30,38230,382

227,534

Retained earnings ���������������������������������������������������������������������

591,383

562,774

4,214,590

Treasury stock����������������������������������������������������������������������������

(898)

(906)

(6,786)

Total shareholders’ equity ����������������������������

743,609714,992

5,354,548

Unrealized gains on available-for-sale securities, net of taxes ���������

97,53597,090727,104

Unrealized losses on hedging derivatives, net of taxes ��������������

(8)

(6)

(49)

Revaluation reserve for land ������������������������������������������������������

1,223

1,235

9,253

Foreign currency translation adjustments ����������������������������������

(1,903)

237

1,775

Accumulated other comprehensive income

Remeasurements of defined benefit plans ���������������������������������

28,42915,638117,116

Total accumulated other comprehensive income �������

125,277

114,194855,200

Non-controlling interests ���������������������������������������������������������������

3,948

4,756

35,620Total net assets ��������������������������������������������

872,835

833,944

6,245,369

Total liabilities and net assets �����������������������

¥ 1,956,200¥ 2,016,717$ 15,103,106

T A I S EI A N N UA L R EPO R T 2023 108

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Consolidated Financial Statements

CONSOLIDATED STATEMENTS OF INCOMECONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

TAISEI CORPORATION AND CONSOLIDATED SUBSIDIARIESYEARS ENDED MARCH 31, 2022 AND 2023

TAISEI CORPORATION AND CONSOLIDATED SUBSIDIARIESYEARS ENDED MARCH 31, 2022 AND 2023

Thousands of
U.S. Dollars

Millions of Yen
2022

2023

¥ 1,385,516¥ 1,499,803

Thousands of
U.S. Dollars

Millions of Yen
2022

2023

2023

2023

Net sales
Construction business ��������������������������������������������������������������

$ 11,231,956

Development projects ���������������������������������������������������������������

157,723

142,9091,070,244

Total net sales ���������������������������������������������������������������������������

1,543,240

1,642,712

12,302,200

Construction business ��������������������������������������������������������������

1,224,426

1,378,637

10,324,554

Development projects ���������������������������������������������������������������

131,077

116,301

870,979

Total cost of sales ���������������������������������������������������������������������

1,355,503

1,494,939

11,195,534

161,090

121,165

907,401

Cost of sales

Gross profit
Construction business ��������������������������������������������������������������
Development projects ���������������������������������������������������������������

26,646

26,607

199,264

Total gross profit �����������������������������������������������������������������������

187,736

147,773

1,106,665

Selling, general and administrative expenses
Selling expenses �����������������������������������������������������������������������

41,666

40,698

304,786

General and administrative expenses ����������������������������������������

49,99352,333391,926

Total selling, general and administrative expenses ���������������������

91,65993,032696,713

Operating income �������������������������������������������������������������������������

96,07754,740409,952

Non-operating income
Interest income �������������������������������������������������������������������������

1,680

543

4,069

Dividend income �����������������������������������������������������������������������

4,701

5,366

40,187

Foreign exchange gains ������������������������������������������������������������

428

1,024

7,669

Investment gain on equity method ��������������������������������������������

893

2,054

15,385

Other non-operating income �����������������������������������������������������

719

721

5,402

Total non-operating income �������������������������������������������������������

8,423

9,709

72,714

Interest expenses ����������������������������������������������������������������������

910

861

6,449

Taxes and dues �������������������������������������������������������������������������

120

154

1,160
2,315

Net income �����������������������������������������������������������������������������������

¥ 71,567¥ 47,356$ 354,647

Unrealized gains on available-for-sale securities, net of taxes������

(5,681)(447)(3,350)

Unrealized gains (losses) on hedges derivatives, net of taxes������

(7)

(4)

(35)

Foreign currency translation adjustments ����������������������������������

1,581

2,136

16,002Remeasurements of defined benefit plans ���������������������������������

6,729(12,776)(95,686)

Share of other comprehensive income of entities accounted for using equity method ��������

575

337

2,524

Total other comprehensive income ��������������������������������������������

3,197(10,755)(80,544)

Comprehensive income ���������������������������������������������������������������

¥ 74,765¥ 36,600$ 274,102

Owners of parent ����������������������������������������������������������������������

¥ 74,462¥ 36,030$ 269,831

Non-controlling interests �����������������������������������������������������������

302

570

4,271

Other comprehensive income

Comprehensive income attribute to

Non-operating expenses

Other non-operating expenses ��������������������������������������������������

222

309

Total non-operating expenses ���������������������������������������������������

1,253

1,325

9,924

Ordinary income ���������������������������������������������������������������������������

103,247

63,125472,741

1,760

2,405

18,012

Gains on sales of investments in capital of subsidiaries and associates �����

—

3,925

29,400

Other extraordinary gains ����������������������������������������������������������

17

236

1,772

Total extraordinary gains �����������������������������������������������������������

1,778

6,567

49,184

Loss on sales of fixed assets �����������������������������������������������������

128

485

3,639

Impairment losses on fixed assets ���������������������������������������������

843

295

2,214

Loss on disposal of fixed assets ������������������������������������������������

130

246

1,843

Loss on valuation of investment securities ���������������������������������

52

198

1,487

Settlement payments ����������������������������������������������������������������

—

203

1,521

Other extraordinary losses ��������������������������������������������������������

366

168

1,259

Extraordinary gains
Gains on sales of investment securities �������������������������������������

Extraordinary losses

Total extraordinary losses ����������������������������������������������������������

1,522

1,597

11,965

Income before income taxes ���������������������������������������������������������

103,503

68,094509,960

Income taxes - current ������������������������������������������������������������������

34,211

28,369212,455

Income taxes - deferred ����������������������������������������������������������������

(2,276)(7,630)(57,143)

Total income taxes ������������������������������������������������������������������������

31,935

20,738155,312Net income �����������������������������������������������������������������������������������

71,56747,356354,647

Net income attributable to non-controlling interests ����������������������

131

231

Net income attributable to owners of parent ���������������������������������

109 T A I S E I ANNUA L R EPORT 2023¥

71,436¥47,1241,733$   352,914

T A I S EI A N N UA L R EPO R T 2023 110

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Consolidated Financial Statements / ESG DataCONSOLIDATED STATEMENTS OF CASH FLOWSTAISEI CORPORATION AND CONSOLIDATED SUBSIDIARIESYEARS ENDED MARCH 31, 2022 AND 2023

▎ Data on Environmental Contribution
Environment
Thousands of
U.S. Dollars

Millions of Yen
Cash flows from operating activities
Income before income taxes �����������������������������������������������������
Depreciation and amortization ���������������������������������������������������
Impairment losses on fixed assets ���������������������������������������������
Increase (decrease) in allowance for doubtful accounts �������������
Increase (decrease) in provision for losses on construction contracts ���Increase (decrease) in net defined benefit liability �����������������������
Decrease (increase) in net defined benefit asset ������������������������
Interest and dividend income ����������������������������������������������������
Interest expenses ����������������������������������������������������������������������
Foreign exchange losses (gains) ������������������������������������������������
Losses (gains) on valuation of investment securities ������������������
Losses (gains) on sales of investment securities ������������������������
Losses (gains) on sales of investments in capital of subsidiaries and associates ��
Losses (gains) on sales of fixed assets ��������������������������������������
Losses on disposal of fixed assets ��������������������������������������������
Investment losses (gains) on equity method ������������������������������
Decrease (increase) in trade receivables ������������������������������������
Decrease (increase) in cost on uncompleted contracts ��������������
Decrease (increase) in real estate for sale and development projects in progress ���Decrease (increase) in accounts receivables - other ������������������
Increase (decrease) in trade payables ����������������������������������������
Increase (decrease) in advances received and progress billings on uncompleted contracts Increase (decrease) in deposit received �������������������������������������
Other, net ����������������������������������������������������������������������������������
Subtotal ������������������������������������������������������������������������������������
Interest and dividend received ���������������������������������������������������
Interest paid ������������������������������������������������������������������������������
Income taxes paid ���������������������������������������������������������������������
Net cash provided by (used in) operating activities �������������Cash flows from investing activities
Decrease (increase) in time deposits �����������������������������������������
Purchase of tangible and intangible assets ��������������������������������
Proceeds from sales of tangible and intangible assets �����������������
Purchase of investment securities ���������������������������������������������
Proceeds from sales and redemption of investment securities ���Other, net ����������������������������������������������������������������������������������
Net cash provided by (used in) investing activities ��������������

2022

2023

2023

¥ 103,503
10,907843
146
12,055(2,847)(11,559)(6,382)
910
(428)
52
(1,662)
—
117
130
(893)
(35,560)
3,833
2,060
(19,229)
46,737(12,784)
14,453
6,798
111,203
7,248(915)(37,030)
80,507¥ 68,094
11,478295
183
33,734(24)
12,354(5,909)861(1,024)198(2,300)(3,925)329
246(2,054)(112,919)(20,206)(13,761)
8,562
52,384
20,312
14,639(7,058)54,491
8,123(879)(31,632)
30,101$   509,960
85,965
2,214
1,372
252,637(184)
92,524(44,256)
6,449(7,669)1,487(17,230)(29,400)
2,464
1,843
(15,385)(845,650)(151,328)(103,062)
64,127392,308
152,121
109,636(52,861)
408,084
60,833(6,590)(236,895)
225,432(FY)

Indicators

KPI
ET

2018

2019

2020

2021

Scope 1+2 reduction rate of CO2 emissions per sales*1 (Taisei Group)*4

—

—

—

3.3

(13.8)

Scope 1+2 reduction rate of CO2 emissions*1 (Taisei Group)*4

—

—

—

(11.8)(20.9)

At construction stage: Reduction rate of CO2 emissions per sales*2%(28.9)(32.0)(30.3)(30.1)(47.5)(44.7)(43.7)(54.5)(52.7)(60.5)

At building operation stage: Reduction rate of estimated CO2 emissions*2, 3(40.2)(39.5)(41.4)(44.6)(49.8)

—

2.13

2.21

2.20

1.84

361

368

318

325

291

—

—

5,625

4,632

5,284

Item/PJ

9.7

10.0

11.7

11.7

12.8

%

3.4

3.9

2.7

2.8

2.8

Projects

—

52

44

72

50

Scope 1+2 total CO2 Emissions (Taisei Group)*4
Scope 3 total CO2 Emissions (Taisei Group)*4
Number of green procurement items adapted at building construction design stage

t-CO2/¥billion
10³tCO2

Final disposal rate of construction wastes
Number of projects contributing to biodiversity improvement*1 Compared to FY2019; *2 Compared to FY1990;*3 Estimated CO2 emissions from design and construction projects (including promotion of ZEB);*4 The scope of coverage: Taisei Corporation and seven major Group companies.
Notes: 1. KPI = Key Performance Indicator (2021 - 2023)
2. ET= Annual Environmental Targets

For calculation standards and third-party warranties forenvironmental data and indicators such as annual
environmental targets (ET), material flows, and CO2
emissions, please visit our website.

2,539(16,163)759(13,593)
12,30099(14,058)

19,021(121,050)
5,688(101,803)
92,114
747(105,281)

Human Capital Data
Indicators

(FY)

Unit

Number of employees (consolidated / full-time employees)

Effect of exchange rate changes on cash and cash equivalents ����
Net increase (decrease) in cash and cash equivalents �������������������Cash and cash equivalents at beginning of year ���������������������������Cash and cash equivalents at end of year �������������������������������������

1,523
2,485
494,274¥ 496,760

584
34,350(37,542)(15)—(20,000)(50,007)(25,722)(315)(98,668)
1,728(80,896)496,760¥ 415,863

4,373
257,245(281,150)(112)—(149,779)(374,501)(192,634)(2,361)(738,920)
12,940(605,827)
3,720,212$ 3,114,384

2020

2021

2022

14,562

14,62014,518

14,466

4,108

4,161

4,257

4,263

4,268

Building Construction business (consolidated)

8,123

8,163

8,160

8,103

8,133

Real Estate Development business (consolidated)

2,056

2,074

2,044

1,979

1,898

146

164

159

173

167

11,906

11,971

11,95911,822

11,722Other businesses (consolidated)
Male (consolidated)
Female (consolidated)

2,527

2,591

2,661

2,696

2,744

Japanese employees (consolidated)

13,615

13,72013,747

13,645

13,611

Non-Japanese employees (consolidated)

Persons

818

842

873

873

855

8,490

8,507

8,572

8,579

8,613

Civil Engineering business

2,298

2,273

2,323

2,324

2,333

Building Construction business

6,040

6,072

6,084

6,084

6,109

Real Estate Development business

152

162

165

171

171

Male

6,949

6,937

6,970

6,955

6,939

Female

1,541

1,570

1,602

1,624

1,674

Japanese employees

8,439

8,456

8,512

8,514

8,538

51

51

60

65

75

16.5

17.1

18.0

18.5

18.6

Non-Japanese employees*1

Forties*2%

Fifties or more
Number of non-regular employees*3

Persons

19.0

19.2

19.7

20.4

21.3

30.1

26.3

22.9

21.0

19.7

34.4

37.4

39.4

40.1

40.4

1,134

1,173

1,217

1,173

1,284

*1 Figures for FY2018 to FY2021 have been retroactively adjusted. Consequently, the counts for non-Japanese employees (consolidated) and Japanese employees (bothNon-consolidated and consolidated) have also been adjusted retroactively.
*2 Figures for FY2020 have been adjusted retroactively.
*3 Figures for both FY2020 and FY2021 have been adjusted retroactively.

Data on Recruitment, Annual Salary, Length of Service, and Average Age
Indicators

Unit

(FY)

2018

2019

2020

2021

2022

251

264

329

302

276

Male

207

215

270

253

218

Female

44

49

59

49

58

30

27

11

28

69

Male

29

22

11

23

60

Female

1

5

0

5

9

10,512

10,103

9,850

9,635

9,929

Number of hires (new graduates)

Number of mid-career hires

Average annual salary

111 T A I S E I ANNUA L R EPORT 2023

2019

14,433Thirties(3,462)
24,200(25,417)
(15)
9,942
—
(20,007)(26,598)(505)(41,863)2018

Civil Engineering business (consolidated)

Twenties

Cash flows from financing activities
Net increase (decrease) in short-term borrowings ����������������������
Proceeds from long-term borrowings ����������������������������������������
Repayment of long-term borrowings �����������������������������������������
Repayment of long-term non-recourse loans payable ���������������
Proceeds from issuance of bonds ���������������������������������������������
Redemption of bonds ���������������������������������������������������������������
Acquisition of treasury stock �����������������������������������������������������
Dividends paid���������������������������������������������������������������������������
Other, net ����������������������������������������������������������������������������������
Net cash provided by (used in) financing activities ��������������

Environmental
Data▎ Data on Social Contribution

Number of employees (full-time employees)(2,319)(13,230)
263(25,934)3,525
15(37,680)2022

At construction stage: Reduction rate of total CO2 emissions*2
Scope 1+2 CO2 emissions per sales*1 (Taisei Group)*4

ET

Unit

Persons

Thousand yen

T A I S EI A N N UA L R EPO R T 2023 112

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Governance Section

Data Section

ESG Data

Data on Recruitment, Annual Salary, Length of Service, and Average Age 
Indicators

Unit

Average age
Years oldMale
FemaleAverage length of service

Years

Male
FemaleData on Training and Career in Capacity Development

(FY)

2019

2020

2021

2022

43.0

43.0

43.0

43.0

43.0

Total training hours for capacity development

43.3

43.3

43.3

43.3

43.4

Training hours per person

41.8

41.8

41.6

41.5

41.2

Total training budget

Thousand yen

18.3

18.3

18.3

18.2

18.1

Total number of training attendees (annual cumulative count)

Persons

18.6

18.7

18.8

18.8

18.7

Number of regular employees promoted from non-regular employees

Persons

45

28

20

38

30

16.6

16.5

16.2

15.9

15.6

Implementation rate of career development review

%

87.7

86.5

88.0

89.0

88.2

%

Turnover rate*2

(FY)

2018

Turnover rate (Taisei Group)*1
Turnover rate of employees within three years of hiring*2

Indicators

—

—

—

2.1

2.3

1.1

1.2

1.2

1.5

1.6

5.4

7.4

7.6

8.3

10.0

Unit
Hours

Diversity and Inclusion Data 
2018

2019

2020

2021

2022

Number of female managers*1, 2

Persons

167

197

236

277

314

AC

Female managers ratio*

%

3.2

3.8

4.5

5.1

5.9

Number of female engineers

Persons

663

698

738

767

809

Female engineers ratio

%

9.1

9.5

9.9

10.2

10.6

—

—

—

2.10

2.15

2.33

2.35

2.20

2.27

2.35

739

800

862

878

905

2

3

3

4

4

Rate of employment of persons with disabilities (Taisei Group*3)
Rate of employment of persons with disabilities
Number of employees reemployed after leave retirement
Number of former employees who took advantage of the Job Return*4%
Persons

2021

2022

233,143

231,706

566,424*

36.6

30.5

27.0

26.7

65.0*

—

—

—

298,937

406,078*

—

—

—

4,360

76,585*(FY)

Accident frequency rate*2

KPI

2

2020

261,059*1 Figures for FY2021 have been retroactively adjusted *2 Figures are aggregated as of July 1 *3 The scope of coverage: Taisei Corporation and seven major Group companies*4 For “Job Return,” see the glossary on page 118.
Notes: 1. KPI = Key Performance Indicator (2021-2023) 2. AC=Action plan based on the Act on the Promotion of Women’s Active Engagement in Professional Life (Cabinet Office)

Unit

2018
0.58

0.64

0.37

0.56

0.38

—

0.43

0.62

0.35

0.44

0.31

Accident frequency rate (Taisei Group)*1, 2

(FY)

Unit

2019

—

* Up to FY2021, data from training programs sponsored by the head office were collected. From FY2022, the results of training programs sponsored by branches and companywide e-Learning are also included in the data.

Indicators

Indicators

2018

Data on Health and Safety Relations*1 The scope of coverage: Taisei Corporation and seven major Group companies *2 Voluntary turnover rate

AC

Sustainability Section

2020

2021

2022

0.14

0.26

0.34

0.08

0.01

Number of occupational accident leaves (excluding fatal accidents)*2

Cases

50

74

35

45

35

Number of fatal accidents (Taisei Group)*1, 2

Cases

—

—

5

1

0

Number of fatal accidents*2

Cases

2

4

5

1

0

0

0

0

0

0

2

4

5

1

0

1,025

1,049

1,063

1,200

1,298

89.8

90.2

91.6

91.0

92.0

Accident severity rate*2

KPI

2019

Number of work-related employee fatalities*2
Persons

Number of work-related contractor fatalities*2
Number of employees receiving safety and health training%

Implementation rate of stress checks*1 The scope of coverage: Taisei Corporation and six major Group companies
Note: KPI = Key Performance Indicator (2021 - 2023)*2 Aggregated from January to December

Data on Technical Development and Intellectual Property
Childcare and Nursing Care Data Indicators

(FY)

Unit

Male

2019

2020

2021

2022

285

290

299

281

290

Number of patents registered

244

241

253

232

248

Number of patent applications filed

41

49

46

49

42

%

94.9

100

100

100

99.6

Persons

FemaleRate of taking childcare leave
KPI
AC

Rate of taking childcare leave by males*1
Average number of days of childcare leave taken by males
Rate of taking childcare leave by females

Research and development expenditure (consolidation)

KPI

94.2

100

100

100

119

—

—

7.1

9.7

11.6

%

100

100

100

100

97.6

97.7

99.7

100

99.7

96.6

Indicators

100

100

100

100

100

Customer satisfaction (Building Construction)

97.5

97.9

100

97.9

95.6

FemaleNumber of employees who use flextime for childcare (cumulative)

Persons

12

27

35

45

58

Number of employees taking nursing care leave

Persons

0

2

1

1

1

Number of employees taking paid nursing care leave*2

Persons

—

—

—

175

179

*1 For the period from FY2018 to FY2021, calculations are based on an internal system that considers the percentage of male employees who have taken childcare leave during theirentitlement period when their child was born. For FY2022, the calculations are based on the Act on Childcare Leave/Caregiver Leave, using a denominator of employees who had
children during FY2022 and a numerator of employees who took parental leave for child-rearing purposes during FY2022. The rate keeps at 100% for male employees whose children
were born in or after FY2017.
*2 Figures for FY2021 have been retroactively adjusted.
Notes: 1. KPI = Key Performance Indicator (2021-2023) 2. AC=Action plan based on the Act on the Promotion of Women’s Active Engagement in Professional Life (Cabinet Office)Indicators

KPI

2018

2019

2020

2021

2022

Total hours worked per month

Hours

192.8

193.9

194.1

190.9

187.5

Hours

37.8

39.0

39.8

38.5

36.6

Worksite implementation rate of a five-day work week (closed eight days infour weeks) (Building Construction)Worksite implementation rate of a five-day work week (closed eight days infour weeks) (Civil Engineering)
Rate of paid leave utilization

2020

2021

2022

13.5

14.2

15.2

16.8

Cases

250

169

202

209

232

219

188

266

272

283

—

—

5

6

10

Cases

KPI
KPI

(FY)

Unit

2018

2019

2020

2021

92

88

90.0

90.0

85.9

96

98

98.6

97.6

95.8

%

—

75

100

100

100

Million yen

—

—

67

65

67

%

Customer satisfaction (Civil Engineering)Worksite registration rate of Construction Career Up System (CCUS*1)
Productivity (net sales/number of employees) (Taisei Group)*2

2022*1 For “CCUS,” see the glossary on page 118. *2 The scope of coverage: Taisei Corporation and 19 Group companies.
Note: KPI = Key Performance Indicator (2021 - 2023)

Data on Community Activities and Volunteering Investment Costs
Indicators

(FY)

Unit

2018

2019

2020

2021

2022

Million yen

700

838

492

787

673

Indicators

Unit

2018

2019

2020

2021

2022

Supplier’s conformity rates with the Taisei Group Sustainability Procurement Standards (Taisei Group)*1%

74.2*2

—

92.1

—

91.3

Human rights training precipitation rate

%

97.9

97.4

99.5

95.3

96.0

Cases

—

—

—

0

0

(FY)

Unit

Average overtime hours per month
Health management overtime hours(Rate of employees who worked exceeded 720 overtime hours per year)*

2019

12.4

Quality and Productivity Data Community activities and volunteering investment costs

Data on Working Hours and Holidays

2018

Note: KPI = Key Performance Indicator (2021 - 2023)

%

%

Unit
Billion yen

Number of orders received for net Zero Energy Buildings (ZEBs)

Days

Rate of return to work after childcare leave
Male

Indicators

2018

Number of employees taking leave for childcare

(FY)

%

—

—

25.8

23.5

18.2

%

—

—

—

26.6

27.8

%

—

—

—

49.5

52.2

%

47.5

46.2

46.5

49.3

54.5

Data on Procurement Practices and Human Rights
KPI

Cases of violation of the rights of indigenous peoples(FY)*1 The scope of coverage: Taisei Corporation and seven major Group companies.
*2 Figures for FY2018 are the average implementation rate of sustainability activities.
Note: KPI = Key Performance Indicator (2021 - 2023)* Figures for FY2020, FY2021 and FY2022 have been retroactively adjusted.
Note: KPI = Key Performance Indicator (2021-2023)

113 T A I S E I ANNUA L R EPORT 2023

T A I S EI A N N UA L R EPO R T 2023 114

About the Taisei Group

Data Section

Indicators

(FY)

Unit

Percentage of all employees covered by collective bargaining agreements
Labor union participation rate％

Employees satisfaction rate*

2018

2019

2020

2021

2022

—

90.6

90.8

90.1

89.8

100

100

100

100

100

—

80.8

—

77.6

—

* The survey was conducted every other year by union members in Taisei Corporation.

Ratio of Female Wages to Male Wages* 
Indicators

(FY)

2018

2019

2020

2021

2022

All employees (full-time employees)

—

—

—

58.2

59.2

Regular employees

—

—

—

57.4

59.4

—

—

—

66.0

68.7

—

—

—

72.1

69.5

—

—

—

83.3

78.8

—

—

—

58.3

58.3

Career-track positions
Professional-grade positions

Unit

%

Minor career-track positions
Non-regular employees*The wage gap between men and women is due to differences in average age,etc., but not to the system.

For information on the female managers ratio, thepercentage of male workers taking childcare leave, andthe difference in wages between male and female
workers, please visit our Company website.

ESG Data▎ Governance Data
Number of Members of the Board, Audit & Supervisory Board Members, and Executive Officers
Indicators

Unit

2018

2019

(FY)

2020

2021

2022

12

12

12

12

12

11

11

11

11

11

1

1

1

1

1

4

4

4

4

4

Male

3

3

3

3

3

Female

1

1

1

1

1

6

6

6

6

6

6

6

5

5

5

0

0

1

1

1

4

4

4

4

4

4

4

3

3

3

Number of Members of the Board
Male
FemaleNumber of External Members of the Board

Persons

Number of Audit & Supervisory Board Members
Male
FemaleNumber of External Audit & Supervisory Board Members

Persons

Male

0

0

1

1

1

58

59

58

63

64

58

59

58

63

64

0

0

0

0

0

FemaleNumber of Executive Officers
Male

Persons

FemaleData on Officer Remuneration
Indicators
Members of the Board
External Members of the Board

(FY)

Unit
Million yen

2018

2019

2020

2021

2022

755

741

814

738

669

46

58

62

62

54

Data on Ethics, Political Donations, and Information Security

(FY)

Indicators

Unit

2018

2019

2020

2021

2022

Participation rate of e-learning for the Group’s Structure of Values and Policies

%

97

94

94

95

97

Response rate of Corporate Ethics Helpline and Group Helpline (Taisei Group)*1

%

100

100

100

100

100

Operational results of the whistleblowing and consultation system*1
Political donations

KPI

Sustainability Section

Governance Section

Data Section

ESG Data / Corporate Data / Stock Information

Data on Stakeholder Engagement

KPI

Taisei Group’s Growth Strategy

Cases

—

24

28

30

73

Million yen

—

18

18

18

18
100

%

100

100

100

100

Number of dismissals due to corruption and bribery

Persons

—

0

0

0

0

Number of major information security accidents (Taisei Group)*2

Cases

0

0

1

0

0

Number of information security education sessions

Times

19

5

4

3

6

Rate of participation in compliance training, including anti-corruption training▎Corporate Data (As of March 31, 2023)▎Stock Information (As of March 31, 2023)

Name
TAISEI CORPORATION

Number of Shares Authorized
440,000,000

Established
December 28, 1917

Number of Shares Issued
188,771,572 (including 301,634 treasury shares)

Paid-In Capital¥122,742,158,842

Number of Shareholders
57,413

Number of Employees
8,613 persons (non-consolidated/full-time employees)

Ownership Distribution⃝ Shareholder Composition

Representative
Yoshiro AIKAWA,
President and Chief Executive Officer

2 thousand shares

Major Offices (As of April 1, 2023)⃝ Head Office25-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo,
Japan
TEL. 81-3-3348-1111 (main number)

Individuals and Others
44,878 thousand shares(23.77%)⃝ Branches
Tokyo Branch (Shinjuku-ku, Tokyo)
Kansai Branch (Osaka City)
Chubu Branch (Nagoya City)
Kyushu Branch (Fukuoka City)
Sapporo Branch
Tohoku Branch (Sendai City)
Chugoku Branch (Hiroshima City)
Yokohama Branch
Hokushinetsu Branch (Niigata City)
Shikoku Branch (Takamatsu City)
Chiba Branch
Kanto Branch (Saitama City)
Kobe Branch
Kyoto BranchInternational Operations Headquarters(Shinjuku-ku, Tokyo)⃝ Overseas Offices
Taipei Office
Philippine Office (Manila)
Singapore Office
Kuala Lumpur Office
Jakarta Office
India Office (Gurugram)
Middle East Office (Doha)
North Africa Office (Cairo)
Bangladesh Office (Dhaka)⃝ Taisei Advanced Center of Technology(Yokohama City)
Major Subsidiaries⃝ Domestic subsidiaries
Taisei Rotech Corporation (Shinjuku-ku, Tokyo)
Taisei-Yuraku Real Estate Co., Ltd. (Chuo-ku, Tokyo)
TAISEI U-LEC Co., LTD. (Minato-ku, Tokyo)
TAISEI SETSUBI CO., LTD. (Shinjuku-ku, Tokyo)
TAISEI HOUSING CORPORATION (Shinjuku-ku, Tokyo)
SEIWA RENEWAL WORKS CO., LTD. (Minato-ku, Tokyo)⃝ Overseas subsidiaries
VINATA INTERNATIONAL CO., LTD. (Vietnam)
TAISEI PHILIPPINE CONSTRUCTION INCORPORATEDTAISEI (THAILAND) CO., LTD.
PT. TAISEI PULAUINTAN CONSTRUCTION
INRERNATIONALTAISEI MYANMAR CO., LTD.

Government and Local Public Entities

Financial Institutions
60,793 thousand shares(32.21%)(0.00%)

Shareholder
Composition

Foreign Corporations etc.

57,907 thousand shares(30.68%)

Securities Companies
9,591 thousand shares(5.08%)

Other Japanese Corporations
15,599 thousand shares(8.26%)⃝ Stock Listings
Tokyo, Nagoya⃝ Code1801⃝ Transfer Agent
Mizuho Trust & Banking Co., Ltd.
Major Shareholders (Top 10)
Name of Shareholder

Number of Shares Held
(Unit: Thousand Shares)

Ratio of Shares Held(%)

The Master Trust Bank of Japan, Ltd.
(Trust Account)

31,31016.61

Custody Bank of Japan, Ltd. (Trust Account)

11,502

6.1

NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST

6,123

3.25

Taisei Associates’ Shareholding Plan

6,049

3.21

Retirement Benefit Trust in Mizuho Trust (Mizuho
Bank, Ltd. Account)

5,857

3.11

Taisei Employees’ Shareholding Plan

3,757

1.99

State Street Bank West Client-Treaty 505234

3,051

1.62

Meiji Yasuda Life Insurance Company

2,847

1.51

NORTHERN TRUST CO.(AVFC) RE U.S. TAXEXEMPTED PENSION FUNDS

2,836

1.51

STATE STREET BANK AND TRUST COMPANY
505103

2,427

1.29

Note: The Company’s own shares (301,634) are excluded in calculating the Ratio of Shares
Held. The Company’s own shares of 301,634 exclude 104,300 shares of the Company held by the Board Benefit Trust (BBT).

⃝ Green Bonds / Sustainability Link Loans
Taisei Corporation issued green bonds and signed a sustainability-linked
loans agreement with the aim of raising awareness among a wide range ofstakeholders about its environmental initiatives and contributing to therealization of a decarbonized society.
Sustainable Finance*1 The scope of coverage: Taisei Corporation and 21 Group companies. *2 The scope of coverage: Taisei Corporation and eight major Group companies.
Note: KPI = Key Performance Indicator (2021 - 2023)

115 T A I S E I ANNUA L R EPORT 2023

T A I S EI A N N UA L R EPO R T 2023 116

About the Taisei Group

Data Section

Taisei Group’s Growth Strategy

Sustainability Section

Governance Section

Data Section

Overseas Network / Glossary▎ Overseas Network (As of September 1, 2023)▎ Glossary

China

TaiwanCSCEC-TAISEI CONSTRUCTION, LTD. (Head Office)TAIPEI OFFICE

No.8 Yard, Zhonghe Road, Fengtai District,
Beijing, P.R.C.100070
TEL 86-10-6845-1268 FAX 86-10-6845-1266

Zone B, 6F, No. 16, Sec. 4, Nan-Jing E. Road, Taipei,
Taiwan R.O.C.
TEL 886-2-2578-5656 FAX 886-2-2578-3300

Philippines

Vietnam

PHILIPPINE OFFICEVIETNAM OFFICE (Hanoi)

9th Floor, BDO Equitable Tower, Paseo de Roxas, Salcedo Village,
Makati City, Philippines
TEL 63-2-8403-9105 FAX 63-2-8478-9542

2nd Floor, Block A, Song Da Building Pham Hung Road,My Dinh1, Nam Tu Liem District Hanoi,
S.R. Vietnam
TEL 84-24-3553-5033 FAX 84-24-3553-5002

TAISEI PHILIPPINE CONSTRUCTION INCORPORATED
23rd Floor, BDO Equitable Tower, Paseo de Roxas,
Salcedo Village, Makati City, Philippines
TEL 63-2-8886-0670 FAX 63-2-8886-0663

Indonesia
JAKARTA OFFICE
L’Avenue Office Tower, 28th Floor, Jl. Raya Pasar Minggu Kav. 16,
Pancoran Jakarta Selatan, 12780, Indonesia
TEL 62-21-8066-7320 FAX 62-21-8066-7312

PT. TAISEI PULAUINTAN CONSTRUCTION INTERNATIONAL
L’Avenue Office Tower, 28th Floor, Jl. Raya Pasar Minggu Kav. 16,
Pancoran Jakarta Selatan, 12780, Indonesia
TEL 62-21-8066-7321 FAX 62-21-8066-7312

PT. INDOTAISEI INDAH DEVELOPMENT
Kawasan Industri Indotaisei Sektor 1A, Blok B, Kota Bukit Indah, Desa
Kalihurip, Kecamatan Cikampek 41373, Kabupaten Karawang, Jawa
Barat, Indonesia
TEL 62-264-351-003 FAX 62-264-351-026

Singapore

7th FL, VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
TOWER, 171 Vo Thi Sau St., Vo Thi Sau Ward District 3,
Ho Chi Minh City, S.R. Vietnam
TEL 84-28-3932-1759 FAX 84-28-3932-1758

VINATA INTERNATIONAL CO., LTD. (Head Office)3rd Floor, Block C, Song Da Building Pham Hung Road,My Dinh1, Nam Tu Liem District Hanoi, S.R. Vietnam
TEL 84-24-3553-3839, -3840 FAX 84-24-3553-3788

7th FL, VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
TOWER, 171 Vo Thi Sau St., Vo Thi Sau Ward District 3,
Ho Chi Minh City, S.R. Vietnam
TEL 84-28-3932-1765 FAX 84-28-3932-1764

9-3, 9th Floor, Faber Imperial Court, Jalan Sultan Ismail,50250 Kuala Lumpur, Malaysia
TEL 60-3-2070-6155 FAX 60-3-2070-6010

ThailandTAISEI (THAILAND) CO., LTD.
1550, 9th Floor, Thanapoom Tower, New Phetchaburi Road,
Makkasan, Ratchathewi, Bangkok 10400, Thailand
TEL 66-2-207-0330 FAX 66-2-207-0332

Bangladesh

Office Number GRA133 WeWork - Platina tower, Mehrauli-Gurgaon
Road, A Block, DLF Phase 1, Sector 28, Gurugram, Haryana, 122001.
India

INDIA OFFICE (Mumbai)
A-802, Crescenzo, G Block BKC, Bandra Kurla Complex, Bandra
East, Mumbai - 400051, India.
TEL 91-22-6260-6800

Qatar
MIDDLE EAST OFFICE (Doha)Corner Abdullah Bin Jassim St. United Bank Bldg. 4th Floor,
Facing QNB Bldg, Doha - Qatar, PO BOX 47366
TEL 974-4443-4174 FAX 974-4443-7176

117 T A I S E I ANNUA L R EPORT 2023

CIM stands for Construction Information Modeling, which involves using information and communication
technology in construction. T-CIM® is our proprietary system that integrates CIM-based construction
methods with attribute information related to the 3D models of each construction project.

Construction Career Up System(CCUS)

This system aims to strengthen cooperation with partner organizations in the construction industry. It allows
for the registration and visualization of individual construction workers’ skills, experience, and qualifications,as well as their enrollment status in social insurance programs, all under a set of uniform industry rules.

DX Academia

An educational institution focused on leveraging digital technology and data to develop human capital capableof leading digital transformation (DX) in business, operations, and corporate culture. It gathers human capitalfrom across the company and nurtures their DX skills and mindset through project-based, hands-on education.

Health management overtime
hours

These are the overtime hours used to determine whether preventive measures against health issues, such as
one-on-one consultations with physicians, should be implemented. This total includes both statutory
overtime hours and working hours on legal holidays.

Job Return

A system that offers reemployment opportunities by providing job listings from the Company and its Group
companies to employees who have voluntarily retired and wish to return to work due to a change or improvement in their original reasons for retirement.

Scope 1, 2, 3

These categories break down all CO2 emissions related to business activities at each stage.
Scope 1: Emissions from the use of fossil fuels like light oil during construction.
Scope 2: Emissions from electricity usage at the head office, branch offices, and worksites.
Scope 3: Emissions arising from the manufacturing of construction materials, the building’s use by 		
customers post-delivery, and emissions generated during the building’s demolition.

Soyukai / Safety, Health, andEnvironment Cooperation
Association

The Soyukai is an association formed between the Company and its key partner firms, aimed at strengthening
cooperation. As of the end of March 2023, it has 617 member companies.
The Safety, Health, and Environment Cooperation Association is a collaborative organization aimed at preventing worksite accidents and preserving the environment. It includes all specialized contractors who arecontracted to perform construction work with the Company. As of March 1, 2023, the association has 7,930
member companies.

Green Procurement Guidelines

These guidelines are aimed at promoting the use of materials, equipment, and construction methods that
reduce environmental impact during the design, construction, operation, and demolition of buildings and structures. Selection criteria include:
1. Low life-cycle CO2 (LCCO2*) 2. Energy and resource conservation.
3. Minimized generation of construction waste during construction and demolition.
4. Consideration for the use of recycled and recyclable materials. 5. Absence of harmful substances.
6. Consideration for biodiversity and the local environment.
* LCCO2：Total CO2 emissions from construction to disposal throughout the entire period of use.

TAISEI Green Target 2050

These are the long-term environmental goals established by the Group for the year 2050. The objectives focus
on achieving “three types of societies”: Decarbonized society, Recycling-oriented society, and Nature coexisting society, as well as addressing “two individual issues” related to Forest Resources / Forest Environment
and Water Resources / Water Environment. The Group commits to:•Carbon Neutrality: Reducing net emissions of CO2 and other greenhouse gases to substantively zero byaccounting for absorption from afforestation and forest management.
•Circular Economy: Beyond the traditional 3Rs (Reduce, Reuse, Recycle), this involves economic activities thatcreate added value while efficiently utilizing and preserving resources, thereby reducing both resource input
and consumption.
•Nature Positive: Aims to halt and reverse the loss of biodiversity to put nature back on a path of recovery.

Taisei Group Sustainable Procurement Guidelines

A set of guidelines on what the Group, its subcontractors and suppliers should do together. They can besummarized as (1) compliance with laws, regulations, and social norms, (2) fair and impartial businessdealings, (3) respect for human rights, (4) promotion of safety and health, (5) commitment to environmental
conservation, (6) ensuring and improving safety and quality, (7) information disclosure, (8) commitment to
information security, (9) activities contributing to society, (10) business continuity in times of disaster, and (11)promotion of sustainable procurement.

TAISEI OHSMS

Taisei Corporation’s proprietary occupational health and safety management system developed withreference to guidelines from the International Labour Organization (ILO) and the Ministry of Health, Labourand Welfare.

TAISEI QUALITY®

A slogan that expresses in a few words the quality promotion activities of the Taisei Group as a whole. The
Group aims to earn the trust of clients and society by ensuring quality with pride.

KUALA LUMPUR OFFICE

2nd Floor, Tokyo Enterprise Building, No.32, Pyay Road, 6 1/2 miles,
Hlaing Township,Yangon, Myanmar
TEL 95-1-654-838 FAX 95-1-654-838

INDIA OFFICE (Delhi)

CIM/T-CIM®

Malaysia

Myanmar

India

Building Information Modeling (BIM) is a construction information database that links a 3D building model
created with a computer and attributes information including the specification, layout, and cost of building
components and equipment.

(Ho Chi Minh City Branch Office)

60 Paya Lebar Road, #04-57 Paya Lebar Square,
Singapore 409051
TEL 65-6280-0833 FAX 65-6280-0869

1550, 19th Floor, Thanapoom Tower, New Phetchaburi Road,
Makkasan, Ratchathewi, Bangkok 10400, Thailand
TEL 66-2-207-0331

BIM

VIETNAM OFFICE (Ho Chi Minh City)

SINGAPORE OFFICETHAILAND OFFICEThis glossary briefly introduces the Taisei Group’s policies, unique terms related to technology and services, and initiativesof the construction industry.

MYANMAR OFFICEBANGLADESH OFFICE
Catharsis Tower, 10th Floor, House No.133, Road No.12, Block-E,
Banani, Dhaka-1213, Bangladesh
TEL 880-9606119911

Sri Lanka
SRI LANKA OFFICE
No.177, 3rd Floor, Galle Road, Colombo 03.
Sri Lanka
TEL 94-11-2446194 FAX 94-11-2446198

Pakistan
PAKISTAN OFFICE
Office-A, 5th Floor, Block-A, Saudi Pak Tower, 61-A,
Jinnah Ave., Islamabad, Pakistan
TEL 92-51-8316620 FAX 92-51-8316629

Egypt
NORTH AFRICA OFFICE
25th, Rd. No.10, Station Sqr, Maadi, Cairo, Egypt
TEL 20-2-2380-1362

T A I S EI A N N UA L R EPO R T 2023 118