EXEO Group
Corporate Profile
Jun. 2023

1. About Us(1) Corporate Profile（As of March 31, 2023）
EstablishedMay 17, 1954

Representatives

President and CEO: Tetsuya Funabashi

Paid-in capital¥6,888 million

listed exchange

Listed on TSE Prime (Code: 1951)
Trading unit: 100 shares

StocksConsolidated net sales
RatingNumber of employees
Head officeTotal number of issued shares 109,812,419 shares
Number of shareholders 35,114¥627.6 billion
Japan Credit Rating Agency, Ltd. (JCR) A + (stable)
Consolidated total: 16,722
3-29-20 Shibuya, Shibuya-ku, Tokyo 150-0002, Japan

Number of business offices

Branch offices: 12

Consolidated subsidiaries

135

Fiscal year-end© 2023 EXEO Group, Inc. All Rights Reserved.

Sales offices: 23

March 312

1. About Us(2) Corporate History(billion yen)

■Transition of consolidated net sales

2021: RYOSEI,KIDOH,KOYO,IT-it

Note) Net before FY1991 are non-consolidated sales.

2019: DeClout,Winner,KDT,SPS,CPU

600
6,000

the Medium-Term Management Plan
(FY21-FY25)

2018: C-Cube, Seibu Electric Industry andNippon Dentsu ,KOHKEN,LAE
5,000
500

2014: AID
2011: ICOMSYSTECH
2010: Ikeno Tsuuken(Now:Exeo Tech)

4,000
400

2005: KANAC
2004: Daiwa Densetsu,
Wako Engineering (Now: Exeo Tech)

3,000
300

2001: Merger with Showa Technos
2,000
200
1,000
100

1998: Entered the NI business

1954: Company established

Net Sales￥630.0 billion

Operating profit￥47.0 billion (7.5%)

ROE

9.0% or more

EPS

280 yen or more

1986: Entered the environment business
1982: Entered the SI business

0

1954年

1960年

1970年

1980年

1990年

Kyowa Densetsu (37 years)(Foundation period) Building telecommunications
facilities was a priority mission.
Strengthened the foundation for building
telecommunications facilities and expanded businessdomains gradually.
★ Established a brand for Kyowa as a builder oftelecom facilities© 2023 EXEO Group, Inc. All Rights Reserved.

2000年

2010年

2020年

2030

2040

2050

Kyowa Exeo Corporation (30 years)

EXEO Group(Business expansion) Expanded business,
establishing a telecommunications constructiongroup and developing solutions★ Established a brand for Exeo as anengineering company.

(DX, innovation and Group management)
Will promote global expansion and accelerate
growth, responding to the digital shift.
★ EXEO Group will enter a new stage.

3

1. About Us（3） Vision and Purpuse
2030 Vision

Engineering for Fusion～Connecting our world – to all our tomorrows～"Purpose“Group Purpose

Role our company shouldplay in society.

“2030 Vision“

Where our company Goes in 2030.

FutureCreate the "common sense" of the future by"connecting power.“

Carbon-neutral
society

All people, regardless of region or generation, can use theinfrastructure that supports their lives as a matter of courseand pursue happiness freely. That is the rich world that the
EXEO Group aims for.
Our company will continue to refine its technology andconnect all aspects of knowledge, from hardware to digital, tocreate new "common sense" with its partners in a rapidlychanging society.

© 2023 EXEO Group, Inc. All Rights Reserved.

Create the "common
sense" of the future by"connecting power."

Smart society
where people canlive healthily andvividlya society inwhich poverty
and inequality
are eliminatedSociety thatenjoys global
diversity41. About Us(4) Segment Overviews

Railroad
communications
Tunnel equipment

Biomass power
generation
Waste-treatment plant

Constructing electrical andair-conditioning facilities

Mobile basestations

FTTH
Sensor networks(social infrastructure)

Agriculture
ICT

Optical fiber

Mega solar
power station

Networks fortelecommunication
offices

SOA, billing
Cloud/
data center

Solar power
generators

HEMS,
smart community

Mobile basestations

Net Sales
FY22

Segment

ENGINEERING-SOLUTIONS

Telecoms
Carriers

NTT Group

208.8

NCCs

62.3

Urban Infrastructure© 2023 EXEO Group, Inc. All Rights Reserved.

165.3

System-Solutions

191.0

Total

627.6

Network/servers,
Wi-Fi, security

Civil engineering(reduction of above-street wiring)

Optical fiberconnected offices

CCTV anddigital signage

CATV(¥ bn)

SystemSolutions

30.4%

33.3%

Telecoms
Carriers(NTT Group)

26.4%

UrbanInfrastructure

Telecoms
carriers(NCCs) 9.9%5

1. About Us(4) Segment Overviews — Telecoms Carriers◆ EXEO Gruop’s core business, nurtured since the company was founded more than 60 years ago
・NTT Group We build and maintain telecommunications facilities for NTT Group companies.
・NCCs
We design, construct, and maintain telecommunications facilities for KDDI, Softbank, Rakuten, and other customers.
Mobile phone base station
Home Networking
In-station facilities oftelecommunications
carriers

Home

Communications cables (optical fiber)

Communications tunnels(underground conduits, service tunnels)

Total 43.2%

Access engineering

Network engineering

Electrical Equipment construction

Construct mobile
Base stations

Construct in-building
mobile communication systems

Maintain mobile
base stations© 2023 EXEO Group, Inc. All Rights Reserved.

Telecoms
Telecoms
Carriers
Carriers(NTT Group)(NTT Group)

33.3%

38.1%

Telecoms Carriers(NCCs) 9.9%6

1. About Us(4) Segment Overviews — Urban Infrastructure◆ Using the electrical and civil engineering skills developed in our telecommunications infrastructurebusiness to build a more convenient society
・Urban civil engineering works involving to eliminate utility poles by laying electrical and to construct tunnel with non-cutting method
・Construction and maintenance of various telecommunications infrastructure facilities for municipalities,
government agencies, CATV companies, railway companies and private companies
・Constructing electrical and air-conditioning facilities for office buildings, data centers, and apartments
・Renewable energy-related works such as solar power generation and biomass boilers
・Designing, constructing, operating, and maintaining water and waste-treatment plants

Eliminating utility poles by laying electrical

Tunnel construction with non-cutting method

Maintenance work on underground facilities

26.4%

Constructing electrical in office building© 2023 EXEO Group, Inc. All Rights Reserved.

Solar power
generation facilities

Plant operation and maintenance services

7

1. About Us(4) Segment Overviews — System Solutions◆ Using information and communications technology to provide total solutionsin the SI and NI fields
・System Integration (SI)Provision of large-scale entrusted development for the public sector, telecommunications,manufacturing, and the financial industry and provision of a solution to business process reformand operation support

・Network Integration (NI)Offering network solution services covering servers, wireless networks, security, cloud computing,imaging, EMS , and sensors

・Overseas projects

Construction and maintenance of overseas telecommunications infrastructure, provision of
network solutions services

DigitalTransformation(DX)Managed services(available 24/7)© 2023 EXEO Group, Inc. All Rights Reserved.

30.4%
IT infrastructure and operational optimization

Operational automation

Cyber-security measures

Supporting the operations of local governments

26.0%

8

1. About Us(5) Group Structure and Business Bases■ Group Structure (as of March 31, 2023)
Major Consolidated Subsidiaries(5 companies)
Seibu ElectricIndustry

C-CubeExeo Tech

Nippon Dentsu■ Business Bases■ Domestic bases● Bases of Five Major Consolidated Subsidiaries▲ Bases of Other Consolidated Subsidiaries

Daiwa Densetsu

Other Consolidated Subsidiaries（130 companies）
The following are major companies■▲

EXEO Engineering Hokkaido, EXEO Engineering Tohoku,

Telecom carriers

EXEO Engineering West Japan,
Shinyei Tsushin, Suncrex, KANAC, HIKARI PROGRESS,
K. Technos, Exeo Mobile, Denseisya, KDT

Urban
infrastructure

System-Solutions【Overseas Bases】
Singapore
Philippines
Thailand■

Exeo Infra, KOHKEN, RYOSEI, Eiwa-Builtech
KIDOH CONSTRUCTION, KOYO ENGINEERINGSANETSU, ISEKI Poly-Tech, OOKUNIYAEDS, ESM, AID, WHERE, EXEO Core Innovation
SUN PLANNING SYSTEMS, CPU

■

■

■
■
▲
■
■
■
■
■■
■
● ■
▲
■ ■
▲

■
▲■
●
■

■
▲

■
■
▲
▲■
■ ▲■
■
■●■
■ ■
● ■
■▲
●
■ ■

■

■

Overseas projects© 2023 EXEO Group, Inc. All Rights Reserved.

EXEO GLOBAL, DeClout, Leng Aik Engineering,
Winner Engineering, MG EXEO NETWORK, Procurri
91. About Us（7）Business Areas

Planning

Operation
maintenance

EXEO Group
Business
DomainDevelopment

Construction© 2023 EXEO Group, Inc. All Rights Reserved.

101. About Us(8) Recent Performance Trends(billion yen)

© 2023 EXEO Group, Inc. All Rights Reserved.

11

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（1）2030 Vision

2030 Vision

Engineering for Fusion

Vision of the Exeo Group・Exeo's universal mission is to solve social issues.

Engineering connecting everything insociety to the future
20XX・The Group has the ability to connect and integrate
diverse types of engineering through innovation.

2030

・Our goal is to rise to challenges to be a corporategroup that is needed in Japan and around the world.

Value creation forsustainable growth2025

Medium-Term
Management Plan
(FY2021-FY2025)
2020© 2023 EXEO Group, Inc. All Rights Reserved.

Challenge
1

Innovation to solve issues

Challenge
2

Engineering to solve issues

Challenge
3

ESG management122. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（2）Into an Age of Revolutionary Change
Drastic social and economic change is occurring around the world.
The entire world is facing the unprecedented crisis of the COVID-19 pandemic. At the same time, people's
awareness of human rights issues, including diversity and race problems, has increased, and environmental issues
have become a common challenge faced by all. In this environment, technological innovation has the power to radicallychange every business. While some businesses will decline, some new services will be able to quickly expand globally.

Social awareness of the issues the world is facing is changing as the SDGs become widely known around the world.

◆Social issues
Environmental destruction,
depletion of resources

Aging infrastructure andnatural threats

Global warming and climate change due toCO2 emissions
 The effects of microplastics on ecosystems
 The depletion of resources associated witheconomic growthRenovation of aging infrastructure
Preparation for frequent natural disasters
 Response to the new normal created by the
COVID-19 pandemic

Depopulation and hollowing-out
due to a declining population
Declining birthrate and aging population,evident decline of the working-age population
 Depopulation and aging in rural areas
 Hollowing-out and the decline of cities
◆Changes in industry and society
Rapid technological innovation
Development of information andcommunications technology, including thechange from 5G to 6G
 Changes in everyday life due to AI and robotics
 Signs of a new society due to DX (Society 5.0)
© 2023 EXEO Group, Inc. All Rights Reserved.

Change from goods toexperiential services
Change of services from ownership to use,such as XaaS Providing added value through digital services
 Changing the business model to create
new businesses


Changes in social awareness
Increasing awareness of human rights,
including LGBTQ rights
 Progress in diversity and inclusion
 SDGs and ESG as essential indicators
13

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（3）Target Business Portfolio in 2030
To build a robust management foundation that is less affected by the economy and social conditions, Exeo
will expand Urban Infrastructure and System-Solutions to make sales in each of its segment almost equal
in FY2030.

2020

2015

SystemSolutions

SystemSolutions13%

Telecoms
Carriers

27%

2025

SystemSolutions30%

Telecoms
Carriers

Urban

Telecoms

Infrastructure

Carriers

23%

Urban

64%

Infrastructure

Infrastructure

26%

30%

・Integration of three companies inthe same industry in western Japan・Expansion of operations throughM&A activities
・Promotion of global business© 2023 EXEO Group, Inc. All Rights Reserved.

47%

2030

SystemSolutions

Telecoms
Carriers

40%

Urban

・Entry into the social infrastructure
renovation business・Expansion of the renewable energy
business
・Entry into a new phase in the global
business

Urban
Infrastructure

・Expansion into new business fields
・ESG management to enhance
corporate value
・To become a company that contributes
to the achievement of the SDGs
14

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（4）Targets in the Medium-Term Management Plan

FY2025Results targets• Net sales: ¥630.0 billion• ROE: 9.0% or more

• Operating profit: ¥47.0 billion (7.5%)• EPS: ¥280 or more

Strategies in each businessTelecoms
Carriers

Actively developing 5G;
enhancing profitability andproductivity

Urban
Infrastructure

Developing fields— advancing digitaltransformation in construction

SystemSolutions

Focusing onhigh value-added business— expanding recurring business© 2023 EXEO Group, Inc. All Rights Reserved.

Business foundation
Safety, quality,
BCP
Environment,
energyFinancialstrategy

Advancement
of DX

Human
resources
strategyGroupmanagement152. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（5）Strategies in Each Segment

Telecoms
Carriers

Construction of 5G infrastructure
Improve profitability and productivity

Urban
Infrastructure

SystemSolutions

Developing fields - advancing
digital transformationin construction

Focusing on high value-added
business- expanding
recurring business© 2023 EXEO Group, Inc. All Rights Reserved.

・Developing many skills
・Digital transformation, offshoring・Integrating operations

Becoming a partner that builds
optimal communications
environments for customers

・Entering the environment andenergy businesses
・Strengthening the infrastructure
renovation business・Actively utilizing BIM/CIM, AI, etc.

Providing engineering toenhance resilience

・Pursuing new technologies,
advancing the DX of customers
・Cultivating XaaS engineers
・Offshoring, improving development
processes

Evolving intoa solution provider

16

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（6）Status of Initiatives（Urban Infrastructure:Energy）
Aim to further expand new energy businesses (renewable energy, smart energy) thathave increased social significance. (solar power, offshore wind power, biomass
gasification power generation, etc.)■ Initiatives for a farming type

■ Construction of DC power supply facilities

photovoltaic power plant

Plans to construct a renewable energy demonstration facility,"ReENE Solar Farm Higashimatsuyama“, in Higashimatsuyama City,
Saitama Prefecture, with TOKYU LAND CORPORATION, focusing
on solar sharing (a farming type photovoltaic power plant)

NTT Anode Energy Corporation and Kanazawa Institute ofTechnology installed solar power generation facilities andstorage batteries on the campus. The generated electricity
is supplied to each facility as DC.
DC power supply system in
Ougigaoka Campus of
Kanazawa Institute ofTechnology

Image of farming in the lower partof the power plant

Finished drawing© 2023 EXEO Group, Inc. All Rights Reserved.

(Source: News release from NTT Anode Energy Corporation)17

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（6） Status of Initiatives （Urban Infrastructure:Civil Engineering）

We will strengthen our shield and propulsion technologies and take on evenmore difficult construction projects.
■ Efforts to develop new construction methods
MARINE SHUTTLE method■ Challenge of high difficulty construction
Construction of the First Chukyo Area Tunnel
on the Chuo Shinkansen Line

（Source:HP of JR Central）

A short distance landing jacking method jointly developed with ISEKI
Poly-Tech, Inc. (Becoming our company Group Company in April 2022).
Also exhibited at the 10 WIND EXPO.
© 2023 EXEO Group, Inc. All Rights Reserved.

This is a highly difficult construction project to excavate
approximately 2.2 km underground with a maximum of 60 mof earth covering. Striving to achieve the highest level of shieldtunneling.
18

2. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（6） Status of Initiatives （ System Solution ）Two strategic companies (EXEO Digital Solutions, Inc., EXEO System Management, Inc.) were established in April
to lead the system solution business. To realize customer DX, we provide comprehensive support from consulting
proposal to development, construction, and maintenance and operation in a full-layer manner.
Microsoft 365

Consulting forbusiness DX

Gov-Cloud

Using Process Mining to Create
Our Ideal Model with Customers

Visualize and streamline business processes
aws

Municipality
security

Helping
Customers Achieve DX

Zero Trust Security・SASE

GIGA schools suchas high schools
Maintenance of terminals, networks, etc. in
combination with maintenance and operation© 2023 EXEO Group, Inc. All Rights Reserved.

Work Style Reformin the New Era
Optimal means of communication andimproved employee engagement

Innovative DX in
Telecommunications Construction

Innovative DX solutions combining AI and cameras
192. 2030 Vision, the Medium-Term Management Plan (FY2021-FY2025)（7）ESG Goals© 2023 EXEO Group, Inc. All Rights Reserved.

20

3. Other topics（1）Practicing ESG Management (Environment)
Accelerate efforts to combat climate change to contribute to the realization of the SDGs.
■Endorsing the TCFD Recommendations and Joining the TCFD Consortium.
⇒Promote disclosure of non-financial information.

■Established the “Sustainability Promotion Office” and “Sustainability Committee“.
■Calculation of greenhouse gas emissions for the entire Group and establishment of
reduction targets⇒Scope 1 and 2 aim to be carbon neutral by 2050.
Classification

Contents

Emissions(t-CO2)

Reduction targets for
FY 2030※２▲42%
Carbon neutral infiscal 2050

※１

Scope１

Direct emissions of greenhouse gases by businesses

60,400

Scope２

Indirect emissions associated with the use of electricity, heat, andsteam supplied by other companies

26,183

Scope３

Indirect emissions from the supply chain (emissions from othercompanies related to business activities)

1,728,553※1:Emissions in FY 2020
© 2023 EXEO Group, Inc. All Rights Reserved.

▲25%※２:Compared to fiscal 202021

3. Other topics（2）Practicing ESG Management (External Evaluation)

Continue various other initiatives and earn external recognition■ Approved as a stock in MSCI Japan ESG Select Leaders Index
MSCI selects companies with excellent ESG evaluation from the top 700 stocks in Japan.

■ Received the “Best Workplace for Diversity＆Inclusion” ,the highest evaluation in ”D&I Award 2022”.
Certification based on the Diversity Score; an index developed by Job rainbow
that visualizes the promotion of corporate diversity.

■ Received silver certification for “PRIDE Index 2022”.

An evaluation index for LGBTQ and other sexual minorities in the workplace developedby “work with Pride”, a voluntary organization.

■Recognized as a "B" by CDP for excellence in climate action and information disclosure
CDP, a London-based non-governmental organization (NGO) that works internationally to disclose
environmental assessments, rates companies on a scale of one to eight.
The "B" rating is the third highest rating.
© 2023 EXEO Group, Inc. All Rights Reserved.

22

3. Other topics（1） Human Resource Development Initiatives- Employees Win Gold Medal at the National Skills Competition JapanAt the International Skills Competition (10/15 to 19: Kyoto City), Ebihara's employees
won their sixth gold medal in our company's career!
The 46 International Skills Competition
In Kyoto, in October 2022

Our company employees’ international competition results
Venue

Contestant

Results

The 38 2005

Helsinki, Finland

Daisuke KominatoGold medal

The 39 2007

Shizuoka, Japan

Yuki Yamaguchi

Gold medal

The 40 2009

Calgary, Canada

Shigehiro Nose

Gold medal

The 41 2011

London, UK

Haruki Morino

Gold medal

The 44 2017

Abu Dhabi, United
Arab Emirates

Yoshiaki Shimizu

Gold medal

The 46 2022

Kyoto, Japan

Toru Ebihara

Gold medal

Note: The International Skills Olympiad is the only world-class skills competition for young technicians in a wide range of jobs
(in principle, 22 years old or younger (in some jobs, 25 years old or younger). In this year's competition, 989 athletesparticipated in 61 jobs. The Information Network Construction Job, in which Ebihara employees participated, was an event inwhich they competed in speed competitions for optical fiber fusion connection and wiring construction tasks for building
premises in a total of 8 hours of prescribed time over 2 days.
© 2023 EXEO Group, Inc. All Rights Reserved.

23

3. Other topics（2） Shareholder returns

Beginning in FY23, the dividend policy has been changed to a 4.0% DOE basis,and the company plans to increase its dividend for 12 consecutive fiscal years(120 yen per year in FY23). Purchase of treasury stock continuously and flexibly.
■ Annual dividends
Consecutive dividend increases
for 12 fiscal years (planned)© 2023 EXEO Group, Inc. All Rights Reserved.

24

3. Other topics
Enhance shareholder returns through continuous dividend increases andongoing share buybacks.
Continue to operate the business with an awareness of capital efficiency toachieve the goals of the Medium-Term Management Plan.
■ Total Shareholder Return■ ROE/EPS（billion yen）

© 2023 EXEO Group, Inc. All Rights Reserved.

25