To Create Smiles for the Future

Corporate Profile
Of Kyudenko Corporation

Business Contents

To Create Smiles for the Future

Serving as “General Facilities
Contractor” whose operations
offer broad support for daily life
As a general facilities contractor that supports every aspect of daily life, we are engaged in work in various
fields every day. We continuously look ahead for the next level with our technology and know-how, andcreate reformation and innovation. Through our various business, we continue to strive to play an essential
role for society and the communities.

Corporate Philosophy
1. We contribute to a society by creating comfortableenvironment for all.
2. We create new values with our technology and challenging
spirit going for future.
3. We aim to be a company where human-oriented corporate
culture is being developed.

Message from the President

Kazuyuki Ishibashi
Executive Officer
Representative President

1 Ky udenko Cor pora t e Prof ile

Kyushu Denki Koji Corporation, the forerunner of today’s Kyudenko, wasfounded in December 1944 with the merger of 14 electric construction
companies in Kyushu.
Guided by a corporate philosophy founded on “contributing to a society bycreating comfortable environment for all,” “creating new values with ourtechnology and challenging spirit going for future,” and “aiming to be acompany where human-oriented corporate culture is being developed,” ourapproach to management is to fulfill our social mission as a general facilities
contractor whose infrastructure makes possible everyday life while
continuing to grow and evolve with the local communities we serve.
We’re also striving to increase our corporate value while adapting to thechanging social environment and actively developing new businesses to help
realize carbon neutrality through a redoubled pursuit of technologicaldevelopment, including by expanding our business domain into energy
conservation, creation, and storage and participating in overseas renewableenergy projects.
Moreover, we remain committed to contributing to society by working tosolve a variety of societal issues through business activities guided bysustainability management.
Having identified “Make Next — To Create Smiles for the Future” as the main
theme of its long-term vision, the Kyudenko Group, which will mark the 100th
anniversary of its founding in 2044, will continue to strive to realize asustainable society.
We look forward to your continued support and patronage as we do so.

Electrical work

Power
distribution work
HVAC and sanitaryfacility work
Our symbol mark is designed to
evoke the first letter of our name “K.”It expresses our vision of optimalharmony through three colors: red,
representing people; green, theenvironment; and blue, technology.
A three-dimensional shape advancing
upper-right symbolizes ourcommitment to achieving dynamic
growth and development.

Telecommunications
Energy business2

Our BusinessElectrical work

HVAC and sanitary facility work

Electrical work

Plant Construction

Our electrical teams draw on a high level of technical skill andextensive experience in a variety of settings, includingcommercial buildings, offices, hospitals, plants, and educational
facilities, to supply equipment that satisfies customers. In new
construction, expansion, and renovation projects, we resolve
customer issues and meet needs, from the proposal stage toinstallation. After project completion, we leverage after-sales
maintenance structures to build long-lasting customer
relationships while providing timely, responsive service thatinspires trust and peace of mind, including preventive
maintenance of equipment.

J:COM HorutoHall Oita

HVAC work

We draw on a high level of technical skill and accumulated
expertise in electrical and instrumentation equipment, which aremain part of plant facilities, to support customers’ manufacturing
and operations. The field encompasses a broad range of facilities,
from chemical, environmental, food, and feed plants to power
plants and aerospace facilities. In addition to taking advantage of
our extensive experience to supply safe and secure electricalequipment, we help create comfortable environments that satisfy
customers through preventive and other maintenance after thestart of each facilities’ operations.

Iizuka Autorace

Our HVAC teams contribute to society by providing comfortable air andwater environments along with safety and security as related to thoseenvironments through work on facilities including HVAC equipment, water
and wastewater sanitary equipment, and disaster prevention equipmentin the full range of buildings in which people live and work, including
office buildings, hospitals, hotels, and factories.
Although our services center on general HVAC equipment and sanitaryfacilities, we can also accommodate large heat source systems withenvironmentally friendly designs and the increasingly sophisticatedtechnical requirements of facilities such as factories and hospitals, and we
strive continually to pursue businesses that can live up to customers’ trust.
Additionally, we support safe and comfortable lifestyles by staying
involved throughout the life cycle of buildings’ HVAC equipment withfollow-up maintenance and other services.

Kumamoto Kenmin Televisions

Tokuyama Factory, Tokuyama Corporation

Telecommunications
We build a variety of telecommunications infrastructure, which is becoming more important as informationand communications technologies (ICT) continue to develop at a rapid pace, by planning, proposing,designing, constructing, and maintaining telecommunications equipment.
Services include building out FTTH networks that supply super-high-speed broadband connectivity toresidences, updating cable TV equipment, and building base stations for mobile phone carriers.
We also provide support for safe and secure lifestyles by building administrative
radio system for disaster prevention to address the possibility of disasters
throughout Japan, including administrative digital radio system for disasterprevention that safeguard human life, firefighting and first-aid digital radio
systems, and 280 MHz digital radio broadcasting systems.
Furthermore, we will create new value in the telecommunications field by
providing services ranging from the design and construction of high-reliability
wired and wireless networks, which will play an essential role in the digitaltransformation (DX), to development of a range of systems and applications anddatacenter operation.
Design and construction of
information networks

JR Hakata City

Environmental Technology

Construction of mobile phonebase stations

provide a range of services in response to a variety of lifestyle and business needs and contribute to society by
Services We
improving the telecommunications environment.

For local governmentWe improve services for residents by building
FTTH networks, cable TV facilities, andintranets.
We provide means for communicating during
normal times and times of emergency byinstalling administrative radio system fordisaster prevention, firefighting and first-aid
digital radio systems, and 280 MHz digital radio
broadcasting systems.
We provide peace of mind with central
monitoring systems and network security.

For communications andbroadcasting companies
 We improve telecommunications
services by building optical fiber
networks, cable TV networks, andmobile phone communications
equipment.
 We build Internet datacenter
equipment.
 We operate our own datacenter
business and provide support forcontent creation.

For schools and universities

For hotels and condominiums

We connect sites and campuses with wired andwireless high-speed networks and support areas
such as computerize forms and reports,
investigative research applications and remoteexchange.

 We help enrich guest services bybuilding Internet equipment for use by
hotel guests and condominium
residents.

3 Ky udenko Cor pora te Prof ile

JR Hakata City

For hospitals
We build networks that excel in reliability andinformation security to serve as the base for IT
medicine and for use in applications like
medical accounting, image diagnostics, andelectronic record-keeping.
We help enrich patient services by installing
wait time displays and reception systems foruse by returning patients.

For the Ministry of Land, Infrastructure,
Transport and Tourism
Providing the means for managing theconstruction of directly supervised projects andfor managing development and maintenanceshipping channels through the installation andmaintenance of cameras at important harbors,
known as “Minato Cameras.”

Thanks to the high level of technical capability and the extensive track record of experience
we’ve amassed over time, we’re contributing to the formation of a low-carbon, resource
recycling-based society as envisioned by the Japanese government through initiatives related to“water safety and security,” “reductions in CO2 emissions,” and “resource recycling.”
For our goal of helping build a rich and comfortableliving environment, we design, build, and manage themaintenance of a variety of environmental infrastructure,including wastewater treatment facilities that protect thewater environment (sewage treatment facilities,
industrial waste treatment facilities, and leachate
treatment facilities), resource recycling facilities thatrecycle water and biomass (gray water treatment
facilities and sludge compost systems), and water
facilities that supply safe and secure water (purification
Wastewater treatment facility at a meat
plants, service reservoirs, and purification systems).
processing plant(Miyazaki Kumiai Chicken Foods)
We will continue to contribute to the realization of asustainable society by carefully assessing social needs
 FY2022 Excellence in Construction Awardand issues, which change on a daily basis, andConstruction of Water Treatment Equipment at the Okagaki Municipal Purificationconsistently creating and supplying new value.
Center, Phase 8 (November 2022, Japan Sewage Works Agency)

Past
awardsWe received our first Promotion Award (Technical Promotion
Prize) from the Society of Heating, Air-conditioning andSanitary Engineers of Japan in 1997 in recognition of ourdevelopment of a plumbing fabrication CAD/CAM system.
Subsequently, we’ve received numerous honors and awards,
including Technology Awards and Academic Paper Awards
from that organization as well as Carbon Neutral Awards
from the Japanese Association of Building Mechanical andElectrical Engineers.

 Society of Heating, Air-conditioning and SanitaryEngineers of Japan
Promotion Award (Technical Promotion Prize) (total of 15, including
one run of six successive years)<FY2020 awards>• Society Award (Technology Awards)• Society Award (Academic Paper Awards) (Technical Paper Category)<FY2021 awards>• Society Award (Academic Paper Awards) (Scholarly Paper Category)•4

Our Business

Power distribution work

Energy business: Renewable energy

Contract power distribution work

Construction of power plants

Working under contract to Kyushu Electric Power Transmission and Distribution Co., Inc., our power distribution teams build and maintainan array of overhead transmission lines and equipment (including installation of extra high-voltage lines, high-voltage lines, low-voltage
lines, and related equipment; installation of drop wires and meters; and installation of communications cables as part of the constructionof systems that automate control of distribution lines). Our technical capabilities and ability to dispatch workers effectively are particularly
useful in the event of natural disasters such as typhoons, when we work to restore service quickly.
In addition, we’ve used techniques like outage-less electrical work (which uses bypass cables, generators, and other means to avoid
outages while work is being performed) and indirect live-wire work (which involves performing work without directly touching high-voltage
lines) since the 1980s as a nationwide leader that pioneered the ability to carry out work while continuing to supply power to customers.

Line work

Kyudenko is expanding its involvement in the construction and maintenance management of solar and wind renewable energy plants bydrawing on its core businesses of electrical work, HVAC and sanitary facility work, and power distribution work.
We’ve been particularly focused on securing orders for and completing EPC projects for mega solar power plants since the introductionof Japan’s feed-in tariff (FIT) program in 2012, and this area of our operations has grown into a major business as we’ve expanded beyond
Kyushu into the Chugoku, Kansai, and Tohoku regions.
In addition to building plants, we operate our own renewable energy business.
We see the Japanese government’s goal of realizing carbon neutrality by 2050 as a major business opportunity, and we’re working totake advantage of government policies to introduce third-party models (corporate power purchase agreements [PPAs], leases, etc.),
energy management systems (EMSs), and storage batteries.
We’re striving to resolve environmental management issues and realize a decarbonized society while taking maximum advantage of thetechnical capabilities and expertise we’ve accumulated to date to meet customers’ diversifying needs.

Case study: Kyudenko EMS
Kyudenko receives joint New Energy Foundation Chairman’s Award at the FY2022 New Energy Awards
Kyudenko, the City of Ogi in Saga Prefecture, and Kokusai Kogyo Co. Ltd. received the new Energy Foundation Chairman’s Award in the“decentralized new energy advanced model” category at the FY2022 New Energy Awards.

Before-and-after comparison
Power company

Area near Ogi City OfficeTelephonepole

Parkinglot

Ogi City Office

Yumeria, Crescent Healthand Welfare Center

Restoration of service after a natural disaster
Typhoon Nanmadol (September 2022)
Typhoon Nanmadol, the 14th named storm of 2022, crossed Kyushu on
September 18 and 19 with ferocious force, cutting off power to more than
350,000 households by knocking down utility poles and breaking
high-voltage transmission lines.
Kyudenko fielded more than 7,500 workers, including from affiliates andpartners, in the subsequent effort to restore service.

Reasons for award (from the New Energy Foundation’s website)
In the project, which involved installing a solar carport, lead-acid storage batteries, and an
energy management system (552 kW) in the city office’s parking lot, the recipients built an
off-grid system that operates independently of electricity from the local power company to meetall of the city office’s electricity needs as well as some of the Health and Welfare Center’s needs.
The award recognizes the installation of a carport-mounted, high-capacity solar power systemin the city office’s parking lot; use of lead-acid batteries from the standpoint of safety,
recyclability, and other considerations; and the development of a system for supplying off-grid
power. At a time when the need to supply power to shelters and other facilities when natural
disasters occur is growing, the award also recognizes the project’s potential to serve as a modelwith major knock-on effects for other local governments.

System description(1) Installing a renewable energy output control system consisting of a solar carport, lead-acidbatteries, and control system (EMS + BEMS)⇒ Implementing an off-grid system (to supply power without relying on the power company)⇒ Securing enough power to continue operations for 72 hours (3 days) in the event of a natural
disaster(2) Installing energy-saving air-conditioning equipment and LED lighting
Area near Ogi City OfficeTransmission
lines

Parkinglot

Storage battery
and EMS

EMS

After

Restoration of service after a natural disaster

System installation

BeforeTransmission
lines

Solar carport
552 kWp

Lead-acid batteries
3,456 kWhOgi City Office
BEMS
LED

Yumeria, Crescent Healthand Welfare Center

Energy-saving
air-conditioning

Natural disaster-preparedness facility

Shelter

Ensuring ability to continue operations for 72 hours

Power generation business

Power infrastructure construction work
We’re also working to expand our businesses to encompass sales, design, estimation, construction,and installation work for projects including interconnects and underground power lines being built
to accommodate the surge in construction of renewable energy power plants throughout Japan.
We’ve involved in a wide range of construction projects to ensure a stable supply of power, withmajor work including:Construction of interconnects for solar, wind, and biomass power plants
Construction of conduit for underground power lines and construction and repair of
low-voltage distribution cables (including 22 kV)Full burial work (Kyushu Electric Power conduit, multi-purpose conduit holding power andother utilities, etc.)
General burial work (22 kV spot networks, firefighting measures, work to strengthen supply
resilience, etc.)
Overhead cable work, construction of distribution lines using corrugated cableTerminal work on extra high-voltage (66 kV) cable

Kyudenko builds, owns, and operates solar and wind power plants,
and it operates a power retail business using Japan’s FIT program.
In addition, we participate in joint solar, wind, and biomass power
generation and retail businesses by taking direct ownership stakes
and by investing in anonymous associations.
This business is distinguished by its strong connections to local
communities and its ability to generate stable profit and cashflow
regardless of market conditions. We will continue to participate inrelated operations because the underlying business model allows
us to differentiate ourselves in a significant manner from industry
competitors.

Past projects (renewable energy generation sites)

Construction ofinterconnects for
power plants
Wind power

5 Ky udenko Cor pora t e Prof ile

Solar power

Miya River Watarai Solar Park

Kushima Wind Power Generation Plant

Kirishima Wood Biomass Power Co., Ltd.

6

Case Study

Past projects

Legend: Project nameResponsible department

Courtesy of Taisei Corporation

Japan National StadiumElectrical WorkSAKURA MACHI Kumamoto

Electrical Work

HVAC Work

Photograph: Toshihisa Ishii

District Heating and Cooling
System in Seaside Momochi

Dejima Messe Nagasaki
Electrical Work

HVAC Work

DHC Karatsu Seaside HotelElectrical Work

7 Ky udenko Cor pora t e Prof ile

Buzen Biomass Power Plant
HVAC WorkElectrical Work

EnergyInstallation of the Oita Bay Coast Minato Camera
System and Related Works Telecommunications

Tenjin Business Center

HVAC Work

8

Other Business

Overseas Businesses

Olive business

Operation of Amakusa Olive Orchard

CHINA

Bringing the Kyudenko brand to the worldSince launching our overseas business in 1979, we’ve
accumulated an extensive track record of project participationin Asia, Africa, the Middle East, Europe, and beyond.
Today, we’re operating a broad range of businesses, including
electrical, HVAC, water, wastewater, and other equipment aswell as plant engineering, environmental analysis, energy
management systems (EMSs), and renewable energy in eight
countries and regions: Singapore, Bangladesh, Malaysia,
Vietnam, Thailand, Taiwan, Indonesia, and Myanmar. In thisway, we strive to provide a pleasant and comfortable living
environment through Kyudenko’s technical capabilities.

Embracing the challenge of a new
business by producing olives andselling processed olive products

Overseas facilities Singapore APECO (established in 1969)

In an effort to fuel the further development ofprimary industry in Kyushu, we’re contributing
to society by embracing the challenges posedby sixth-order industries that we’ve identified
throughout Japan and even overseas andbuilding new business models. At the olive
orchard we developed in the City of Amakusa in
Kumamoto Prefecture, we’ve brought in an
Italian-made olive press to enable production ofolive oil. Products are marketed under the
Amakusa Olive Orchard AVILO brand and cancurrently be purchased in shops operated by
the orchard as well as online.

Harvested olives are pressed
within 24 hours at the orchard.

Asia Projects Engineering Pte. Ltd.
Businesses: Plant installation, maintenance/EPC work,
district cooling system work

TAIWAN

Shopping center operation business APECO Bangladesh Branch (established in 2019)
Businesses: Maintenance service for power plants

 Malaysia

Bayside Place Hakata

Kyudenko Malaysia SDN. BHD. (established in 2012)

A business that makes a broad
contribution to the community’s growthBusinesses: Electrical work, HVAC and sanitary facility
work, fire protection equipment work

MYANMAR Vietnam

Businesses: Electrical work, HVAC and sanitary facility
work, construction technology consulting

VIETNAMTHAILAND Thailand

ANDAMANWe’ve been operating Bayside Place Hakata since2010 in the Waterfront district, which has come tomake a major contribution to the growth of the
Fukuoka City. We embraced a commitment at thevery beginning to bring appealing tenants to thefacility and host unique, seasonal events like the“Oyster BBQ at Bayside,” which has become awinter tradition. As a result the complex has growninto a popular destination that attracts more than 2
million visitors a year.

Kyudenko Vietnam Co., Ltd. (established in 2012)

Kyudenko (Thailand) Co., Ltd. (established in 2013)
Businesses: Electrical work, HVAC and sanity facility work,
energy-saving work

 Taiwan
MALAYSIA

Kyulien Environment Improving Co., Ltd. (establishedin 1985)
Businesses: Environmental analysis, electrical work

 Indonesia Kyudenko Indonesia Representative Office(established in 2018)

SINGAPORE

Businesses: Energy management system (EMS) promotion
and commercialization

 Myanmar

Kyudenko Myanmar Branch Office (established in
2020)
Businesses: Electrical work, HVAC and sanitary facility work

INDONESIA

Other businesses
PPP/PFI businessA public private partnership (PPP) is a scheme in which public- and private-sector entities provide a public service. A private financeinitiative (PFI) is a typical PPP technique that can be used to provide public services efficiently and effectively by utilizing private-sector
funding, expertise, and leadership in the design, construction, maintenance management, and operation of public facilities.
The Kyudenko Group contributes to the local communities it serves by participating in numerous PPP/PFI projects, which offer a newsocial funding technique for public ventures, and taking advantage of the managerial expertise and technical capabilities it’s built as a
general facilities contractor with close relationships to stakeholders in those communities.

Past orders for PPP/PFI projects(As of March 2023)
Participation as the lead company:

19 projects

Participation as a member company: 29 projects
Participation as an outside partner:

5 projects

Total:

53 projects

9 Ky udenko Cor pora t e Prof ile

Dejima Messe Nagasaki

Business hotel

Hotel Urbic Kagoshima
Realizing a philosophy of hospitality
and service
We entered the hotel business from theperspective of expanding the domain in which ourbusinesses operate. Hotel Urbic Kagoshima, abusiness hotel whose motto is to provide a relaxing
environment with interior furnishings that evoke theocean and surrounding landmass, operates in aconvenient location adjacent to Kagoshima-Chuo
Station (West Exit), which offers Kyushu Shinkansen
and JR service. The hotel has earned extensive
praise since opening in 2007.

Medical support business

Net Medical Center
Contributing to regional medicine by providing
state-of-the-art technologies
We’ve built support structures that have been enhanced throughpartnerships with universities and major hospitals around Kyushu with asystem that accepts imaging data from CT and MRI tests via
transmission lines so that radiologists at Kyushu University’s School of
Medicine and other institutions can diagnose them and send the reports
to contract hospitals. We provide robust support for system operation
with the latest image processing technologies and centralized data
management. In this way, we’re helping improve regional medicine.

10Digital Transformation

Technology Development Initiatives

Digital transformation (DX) initiatives

Leading-edge technology research to create value and realize
sustainable growth
In addition to resolving a variety of issues as a general engineering company, we create value and realize
sustainable growth through R&D focusing on leading-edge technologies.

Improving corporate value by realizing productivity reforms and utilizing digitaltechnologies
We established the DX Promotion Department in October 2020, and we’re moving forward with initiatives
to increase our corporate value by leveraging digital technologies in an effort to realize productivity
reforms, one of the three reforms identified in our Mid-term Management Plan.
We’re working to create a virtuous cycle characterized by changes
in workstyles (operations), society (the environment), andtechnology (construction sites) in line with our DX slogan of“Things will change with DX. We will make that change happen.”
As a first step to put in place a digital environment at Kyudenko, we
handed out company-use smartphones to all employees andinstalled mobile computers. At the same time, we moved email
and file servers to the cloud so that workers could access company
data safely no matter where they were physically located. Thisinitiative spurred increased diversity in workstyles, for example byallowing employees to work from home, and it ushered in anenvironment in which individual employees can do their jobs
efficiently. In addition, widespread use of chat tools has bothfacilitated timely support for workers in the field and revitalizedinternal communication.

Creating original technologies in collaboration with academia
Kyudenko is committed to resolving societal issues, which are becoming more diverse and complex over time, by
combining its experience and expertise with universities’ multifaceted knowledge and advanced technologies.
Organizational partnership agreement with
Kyushu University

Utilizing combustion ash from wood biomass power
plants effectively

In December 2021, we entered into an organizational
partnership agreement with Kyushu University to realize
innovation with the goal of resolving social issues.
Under that agreement, we jointly developed anilluminance measurement robot that uses a system ofswarm robots with Professor Ryo Kurazume of the
Graduate School of Information Science and ElectricalEngineering. We expect the system, for which a
prototype consisting of three robots was completed in
December 2022, to ease the labor shortage atconstruction sites by improving work efficiency.

The Kyudenko Group is working with universities and other partners(including Hiroshima University, the University of Miyazaki, and the
National Institute of Technology, Kagoshima College) to recycle
combustion ash emitted from the wood biomass power plants it
operates into fertilizer and other useful materials.
In addition, we’ve undertaken an initiative to raise Japanesequick-growth paulownia as a fuel resource.
Harvesting
Developmentof healthy
forests

Transport

Examples of general facilities DX initiatives (strengthening general facilities work)

Wood chip plantFuel
companies
CO2 absorbed

CO2 emitted

Wood biomass
power plant

Thinning
Chipprocessing
PruningCrop
production
PowerplantsTrimming ofundergrowth

GrowthPlanting

Recyclingof bark andincinerationash

Local consumption of
locally produced products
Stimulation of theregional economy
Processing
into
fertilizer

At the signing of the organizational
partnership agreement with Kyushu
University

Illuminance measurement robots
making simultaneous illuminancemeasurements

Sale

Initiatives to enable remote work in
the field
The DX Promotion Department, Power Distribution
Department, Electric Technology Department,
HVAC and Plumbing Engineering Department,
Safety Management Department, and Technology
Development Department have come together tosupport work in the field while preventing work
accidents.

Building information modeling (BIM) initiatives
Building information modeling (BIM) is a technique for using information tomodel the parts and materials that make up buildings. Use of BIM is expected
to yield significant operational improvements and efficiencies, and the Ministryof Land, Infrastructure, Transport and Tourism is looking to apply it to all projects
by FY2025. Kyudenko has launched a project to build a BIM environment, andwe’re moving forward with efforts to put in place structures for training BIM
engineers in electrical and HVAC work and to provide BIM capabilities formegaprojects in the Tokyo region.

Realizing a recycling-oriented society built on energy

Initiatives with the Infrastructure Business Division and DX Promotion Department
We’re developing an AI-based air-conditioning heat source control optimization system that combines our expertise inoperating air-conditioning heat source equipment with digital twin technology from a venture company. We plan to provide newvalue to customers in an effort to reduce energy and CO2 emissions by using AI to optimize operational planning.

Photo illustration

Utilizing leading-edge technology to support work in the field
We’re working to resolve technical issues in the field, support sales, and improve operational efficiency byvalidating and deploying leading-edge technologies.
3D measurement

3D scanner

By making accurate measurementswith 3D scanners, workers can use
high-precision drawings to study
projects, even in improvement
projects where up-to-date drawings
are not available.

Airflow simulations
Airflow simulations make it possible
to calculate airflow, windspeed,
thermal transfer characteristics, andother data so that indoor temperature
distribution from air conditioners andother data can be visualized, allowing
workers to propose the bestequipment for each project.

11 Ky udenko Cor pora t e Prof ile

Measurement data
Site conditions are recorded digitally.

3D model3D models can be created from measurement data.

Training digital human resources
To contribute to the adoption of digital technologies, we’re working to train DX human resources who are well versed in both IT and site
operations, as well as digital human resources who can help promote use of digital tools in the field. We offer significant, companywide
assistance to help employees earn IT qualifications, and we’re assisting as workers earn certification as advanced information technology
engineers, IT passports, G-certification, and data scientist certification, among others. Through these initiatives we’re seeking to improve
individual employees’ IT literacy.

Digital human resources training goal
We hope to train 10% of our employees (about 700 people) to serve as
digital human resources by the end of FY2024.
Invisible airflows can be visualized.

Temperature distribution maps can be created for large spaces.

12Long-term Vision

Human Resources Development Initiatives Kyudenko Academy

Long-term Vision: Make Next — To Create Smiles for the Future

A sanctuary of learning dedicated totraining future professionals by refining
their knowledge, technical skills, andcommitment

The Kyudenko Group has formulated a Long-term Vision built on our corporate philosophy that anticipates
megatrends and characteristics of the social environment that are likely to develop in the run-up to the100th anniversary of our founding (in 2044), with a focus on business opportunities and businessdevelopment. The document provides a specific outline of our basic approach to realizing the Three
Contributions (our role in creating a sustainable society) and our vision.
We plan to refine the Long-term Vision over time in response to the evolving times and the changing
environment in which the Group operates while spreading it throughout our organization as“Kyudenko-ism” and passing it on to a new generation.

Kyudenko Academy is situated in a lush natural
setting in the town of Kiyama in Saga Prefecture.
Since we believe that people are an asset and thathuman resources development is the principalmeans by which the group can increase its
corporate value, this academy serves as a symbolof human resources education. In addition toensuring trainees master advanced, specialized
knowledge along with various technologies andskills, the facility takes an educational approachthat integrates mind, skills, and body by utilizing“the Hogakuan,” a site that provides psychologicaltraining, and “the Safety Learning Building,” which
is dedicated to building safety culture.

Long-term Vision, an outline of Kyudenko’s goals informed by megatrends

Corporate philosophy
Long-term Vision

To Create Smiles for the Future

Our role in creating asustainable society

Three contributions
Resolving social issues
Reflecting our corporate philosophy of “aiming to be a company where human-oriented corporate culture is being developed,” we’veestablished a Human Resource Development Charter and an Ideal Human Resources as guidelines for the development of humanresources, our most important management resources, and we’ve formulated a series of Educational and Training Policies to guideannual training. The Kyudenko Academy exists to put these policies into practice.

WorldSkills national and international competitions
We first participated in WorldSkills at its second national competition in 1964, and we’ve since
won 11 Gold Medals for electrical and HVAC work. Recently, we won a Gold Medal for the firsttime in six years at the 60th WorldSkills Japan competition in 2022.
Competitors are assigned to work in a technical department following their participation in thecompetition, allowing them to put the technologies and skills they learn to good use. This
program serves to maintain Kyudenko’s technological capabilities and ensure they’re passed
down to a new generation of workers.

Maintaining
anddeveloping
regional
publicinfrastructure

Realizing adecarbonizedsociety

13 Ky udenko Cor pora te Prof ile

2. Realizing a decarbonizedsociety
Contributing to the realization of adecarbonized society through clean energy

3. Maintaining and developing regional public infrastructure
Contributing to the maintenance anddevelopment of regional infrastructure
through the stable supply of power,
equipment construction, urban
development, and other services

Contributing to the realization of a recycling-oriented society
Balancing social value and economic value by resolving social issues through our corporate activities(practicing “Creating Shared Value,” or CSV, management) Searching for and deepening technological capabilities
Expanding and strengthening our broad technological domain to meet customers’ expectations

 Creating new value through the digital transformation (DX)

Involving all employees in the drive to eliminate accidents
We established the Safety Learning building to specialize in safety education so that workers
could understand, learn from, and think about accidents while exercising resolve (motivation) toensure safety as a way to help them reaffirm their pride as professionals in creating safety while
ensuring that the lessons of tragic past occupational accidents will remain fresh in their minds.
We’re striving to cultivate a safety culture as we work tirelessly to pursue our goal of eliminating
accidents through what trainees learn at this facility.

Contributing to the realization of rich andsatisfying lifestyles by taking advantage ofour technological capabilities to resolve
issues being faced by society

Basic stance towards achieving our vision
60th WorldSkills Japan competition(competitor Kazuo Minami)

Safety Learning Building

Sustainable
society

1. Resolving social issues

 Promoting diversity
 Strengthening alliances

Streamlining and increasing the sophistication of construction work in thefield and creating new businesses through digital technologies
Creating an appealing company with a diverse workforce
Realizing technological innovation and creating new businesses bypromoting open innovation

Mid-term Management Plan
14

Promoting Sustainabilit y Management

Implementing sustainability management

Sustainability initiatives

In addition to managing its businesses in accordance with its corporate philosophy, Kyudenko is working to balance social and economic
value by establishing a Long-term Vision to commemorate the 100th anniversary of its founding (in 2044) and working to resolve societal
issues, realize a decarbonized society, and maintain and develop regional public infrastructure.
In line with this corporate philosophy and Long-term Vision, we also formulated a Sustainability Basic Policy and identified key issues(materialities) in order to focus even more effectively on improving corporate value from a long-term perspective while consideringfactors including the global environment, society, and the economy.
Going forward, the Kyudenko Group will help create a sustainable society through systematic and active efforts to address the key issues(materialities) based on the Sustainability Basic Policy.

Sustainability Basic Policy
The Kyudenko Group will help create a sustainable society and improve its corporate value by resolving societal issues through its
business activities in line with its corporate philosophy.

Environment
Society
Governance

Climate change
Decarbonized society
EnergyKey issues (materialities)

SystemdiagramContribution to the widespread adoption
and spread of clean energy*

B

Advancement of energy-creating work and businesses(solar and wind power, biomass power generation, PPAs,
EMSs, etc.)

Contribution to energy savings*

B

Advancement of energy-saving work (proposals of work
to improve energy efficiency [ES], EV charging
equipment, ZEBs, energy-saving equipment, etc.)

SDGs

Policy direction

Realization of carbon neutrality at
Kyudenko by 2050*

B

TCFD compliance, reduction of Kyudenko’s CO2
emissions

Diversity, labor practices,
employment, and humanrightsCreating an environment where diverse
values are accepted and individuals canmake the most of their abilities

D

Promoting diversity and inclusion, building diverse andflexible workstyles, and respecting human rights

Occupational health andsafetyCreating engaging workplaces that put
safety firstE

Eradicating serious accidents, practicing healthmanagement, and increasing employee engagement

Education and training

Strengthening general human traits (theability to complete tasks, character, andcreativity [the ability to think])

D

Strengthening human resources development andbuilding diverse career maps

Local communities

Maintaining and developing local
infrastructure by providing a stable supplyof power, installing equipment, etc.

C

Maintaining and developing social infrastructure throughexisting businesses

Disaster preparedness

Helping put in place natural
disaster-resistant infrastructure throughKyudenko’s technical capabilitiesC

Natural disaster-resilient urban planning, disasterrecovery, support for disaster-affected communities, local
community service activities

Innovation

Creating new value through technologicaldevelopment and active collaborationA

Creating new business domains, increasing productivity,
pursuing investments into the DX and technologicaldevelopment, pursuing open innovation, pursuing M&As

Waste products

Contributing to the formation of a waste
recycling-oriented society

A

Promoting the 3Rs (reduce, reuse, recycle) and green
purchasing

Organizational governancePrevention of corruption
ComplianceFair business practices
Anticompetitive behavior

Carrying out fair, highly transparent
business activities

E

Strengthening corporate governance, ensuring
compliance, implementing information security
management, strengthening risk management, ensuring
fair transactions throughout the supply chain

Notes 1. (*) Environmental items: We disclose information in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
2. System diagram: A: Resolving societal issues B: Realizing a decarbonized society C: Maintaining and developing local public infrastructure
D: Strengthening human capital E: Strengthening robust management platforms
3. We will review key issues (materialities) as necessary based on factors such as future changes in social conditions.

Implementing environmental management: Initiatives based on TCFD recommendations
In keeping with our corporate philosophy and Long-term Vision, we’re working to resolve a variety ofsustainability-related societal issues by drawing on our technological capabilities as a general facilities
contractor, for example by building energy-saving and clean-energy facilities and disaster-resistantinfrastructure.
In addition to recognizing the need to deal with environmental problems including climate change as a key issue (materiality) andestablishing medium- and long-term environmental management goals in December 2021, Kyudenko has expressed its support for therecommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
In December 2022, we disclosed information across the four categories of Governance, Strategy, Risk Management, and Metrics andTargets in accordance with the TCFD’s recommendations. Going forward, we will enhance initiatives to realize a sustainable society while
continuing to disclose information based on frameworks recommended by the TCFD.

Intermediate goals related to environmental
management
2030

Realize a reduction of at least 50% in CO2 emissions
per unit of sales* (compared to 2013).

2050

Realize carbon neutrality.

*Emissions per unit of sales defined as (Scope 1 + Scope 2 / Kyudenko
non-consolidated sales (t-CO2/¥100 million).

15 Ky udenko Cor pora te Prof ile

Contributing to the local community
We believe that participating in community projects and social contribution activities is
one of our social obligations as a member of the communities in which we operate. We
designate every October as “Refreshing Community Month,” a time for each of our sites
to undertake social contribution activities, for example by using our expertise in working
at height to clean up the environment or by inspecting equipment at social welfare
facilities. This year marks the initiative’s 55th year, and it has become a core part of ourprogram of social contribution activities.

Children’s Sports Class

Key issues (materialities) and policy directions
Societal issues

As a company with deep connections to the communities it serves, we’re working to create a society thatcan grow and develop on a sustained basis.

Initiatives being undertaken to achieve those goals
 Installing an EMS at the Kyudenko Academy
 Purchasing EVs and installing EV chargers(Except special-use construction vehicles that cannot be replaced) Making environmentally friendly capital investments in equipment atcompany-owned buildings
 Utilizing post-FIT equipment (assets whose business service life has ended) Conducting R&D in partnership with industry and academia Others

This local event, part of the Refreshing Community Month program, is led by athletes
from our Track and Field Club. It’s held in partnership with the Fukuoka Elementary
Student Track and Field Class (Heiwadai Junior Club) and attracts about 300 children
each year.

International contributions
We’re involved in a variety of programs, including operating the Honorary Consulate of
the Republic of Indonesia in Fukuoka, running the Japan-Indonesia Friendship
Association of Kyushu, and implementing international student support programs, andorchestrating volunteer activities in partnership with NGOs.

Supporting academic researchers
We launched this initiative in FY1999 as a way to support academic researchers, primarily
those working in Kyushu. It mainly targets research related to Kyudenko’s businesses.

Pursuing workstyle reforms
We established the Workstyle Reform Promotion Committee in FY2017 as an entity thatreports to the president, and we’re working to implement a variety of measures, including
introducing new vacation structures, establishing days for promoting use of annual paid
leave and no-overtime days, and promoting diverse workstyles.
The DX Promotion Department was created in October 2020 and is working to introduce
and utilize digital technologies to streamline operations.
In FY2023, we established the Workstyle Reform Office to further boost productivity andemployee engagement.

Promoting diversity
Harnessing the abilities of a diverse and varied workforce on behalf of the organization
To achieve sustained growth, Kyudenko will strengthen its competitiveness by empowering
each member of its diverse workforce to make the most of their skills and abilities, ensuring
mutual recognition of the perspectives and values borne of individual differences, andharnessing them as organizational assets to create a new level of innovation.

Promoting health management
Recognizing that employee health is an important management resource, we formulateda Health Management Declaration in FY2018. To improve awareness of the fact that
employees’ health is our No. 1 priority, we’re actively providing support for autonomous
activities by employees to increase their health and promoting organizational healthactivities in order to realize an environment in which employees can work with peace ofmind and to create bright, pleasant workplaces.

Social contributions by the Track and Field ClubOur Track and Field Club has a long history, and its members—male and female alike—have proven their ability at competitions in Japan and overseas. Members bring the same
work ethic to practice as they do to their work, and they promote their activities to anationwide audience. They also participate in regional track events, and they’re involved
in locally rooted social contribution activities, for example offering technical instruction.

16

Corporate Profile

Company
Overview

History

Businesses

Name

Kyudenko Corporation

Head Office

1-23-35 Nanokawa, Minami-ku, Fukuoka City, Fukuoka Prefecture 815-0081, Japan

Established

December 1, 1944

Capital¥12,561,560,000 (as of April 1, 2023)

Employees

6,931 (as of April 1, 2023)

Electrical equipment work, Design and installation
Receiving and transforming facilities, on-site power generation, building monitoring and control, trunk lines,
electric power, lighting outlets, video, audio, stage lighting, TV, interphones, broadcasting, and otherelectrical equipment

Construction
Industry
Permits

No. 1659 (Toku-4), issued by the Minister of Land, Infrastructure, Transport and Tourism
Electrical work, Telecommunications work, Fire protection facilities work, HVAC work,
Machine and equipment installation work, Water and sewerage facilities work,
Sanitation facilities work, Civil engineering work, Architectural and construction work,
Paving work, Scaffolding, earthwork, and concrete work, Steel structure work, Interior
finishing work

HVAC, water, and wastewater sanitary equipment work, Design and installation
Heating and cooling, climate control, clean rooms, heat storage and other heat-source systems, district
heating and cooling facilities, water and wastewater sanitation systems, gas, utility equipment and pipes,
solar systems, refrigeration and cold storage equipment, and other HVAC, water, and wastewater sanitationequipment

ListedThe Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange

December 1944

The Company is founded with capital of ¥2.5 million (Head Office: 11 Hasuike-cho,
Fukuoka City).

October 1945

The Tokyo Satellite Office opens (present-day Tokyo Head Office).

June 1947

The Company enters into a contract to perform power distribution work for Kyushu
Haiden Co., Ltd. (current Kyushu Electric Power Company, Incorporated).

February 1952

The Head Office moves to the Denki Building.

July 1964

The Company launches its HVAC business.

February 1965

The Osaka Office opens (present-day Kansai Branch Office).

September 1972

The Company is listed on the first section of the Tokyo Stock Exchange.

April 1976

The Head Office moves to a new building (1-23-35 Nanokawa, Minami-ku, Fukuoka
City).

December 1989

The Company changes its name to Kyudenko Corporation.

December 1997

The Company earns ISO 9001 certification.

December 1999

The Company earns ISO 14001 certification.

July 2008

The Tokyo Head Office opens.

March 2012

Kyudenko Academy, the Company’s training center, opens in a newly build facility(Kiyama-cho, Miyaki-gun, Saga Prefecture).

April 2022

The Company’s listing moves to the Prime Market of the Tokyo Stock Exchange due
to a market reorganization.

Telecommunications equipment work, Design and installation
Optical fiber communications work, cable TV, radio systems used by local government for disaster readinessand response, digital radio systems used in firefighting, local community radio (MCA), community FM, local
information radio, mobile phone base stations, IP telephony, network construction, networked cameras,
digital signage, monitoring systems, BEMS, datacenter business, development of other systems, and othertelecommunications equipment
Plant equipment work, Design and installation
Electrical and other instrumentation and equipment at facilities such as manufacturing plants, waterworks,
sewerage and wastewater treatment, waste treatment, and food and feed plants
Environmental equipment work, Design and installation
Sewage treatment facilities, sewage pre-treatment facilities, leachate treatment facilities, industrial
wastewater treatment facilities, community wastewater treatment facilities, water facilities (water purification
plants and distribution reservoirs), membrane filtration equipment, filtration equipment, sewage sludge
recycling systems (liquid fertilizer manufacturing systems, etc.), water (greywater) recycling systems, otherenvironmental equipment
Disaster prevention equipment, Design and installation
Emergency broadcasting, emergency power generation, smoke prevention and control equipment,
automatic fire notification, evacuation guidance, comprehensive disaster readiness monitoring facilities, fire
hydrants, sprinklers, special firefighting, smoke control, and other disaster prevention equipment
Ecological businesses, Energy-saving plan
Renovations of electrical, HVAC, and environmental equipment; green power certificate issuance service;and other energy services
Renewable and new energy businessSolar power, PPAs, wind power (terrestrial and marine), biomass power, hydrogen and other forms of newenergy, EMSs, micro-hydro power, maintenance, and other operations
Maintenance service
Building equipment (operational monitoring and inspections of elevators and other equipment andmachinery), electrical equipment, disaster prevention equipment, HVAC equipment, water and wastewaterequipment, water treatment facility management, telecommunications equipment

Officers
Information about
Kyudenko’s corporate
officers can be found here.

Primary industries
Amakusa olive business

Sales by segment

Sales by segment (fiscal year ended March 2023)

Consolidated

Non-consolidated
3,609

2017

4,289

2019

3,919

2020

3,957

2022
(Fiscal year)

2018

3,520

2019

3,651

3,225

2022

3,330

(Fiscal year)

1,000

2,000

3,000

4,000

0

1,000

(Hundreds of millions of yen)Power distribution work

17 Ky udenko Cor pora t e Prof ile

Electrical work

¥15,428

3,374

2021

2,000

3,000

4,000

(Hundreds of millions of yen)

HVAC work

Other businesses

3.9%

Power distribution work

¥46,628
million

Other businesses
million

2020

3,765

2021

Consolidated

3,261

2017
4,081

2018

0

Power distribution work, Design and installation
Overhead transmission lines and equipment, buried power equipment, and other power infrastructure

11.8%

1.4% Power distribution work
¥44,273
million

Other businesses

13.3%¥4,674
million

31.8%

Sales

33.9% ¥395,783

million

HVAC work

Non-consolidated

HVAC work¥105,778

50.4%

million

Sales¥333,007
million53.5%¥134,323

Electrical
work

Electricalwork

million¥199,403¥178,281

millionmillion18

https://www.instagram.com/
kyudenko__official/

To Create Smiles for the Future

Overseas Network
Kyudenko South East Asia Pte. Ltd.
32 Penjuru Road, Jurong, Singapore 609136

TEL: +65-6602-0613

FAX: +65-6261-7704

Asia Projects Engineering Pte. Ltd.
32 Penjuru Road, Jurong, Singapore 609136

TEL: +65-6268-9511

FAX: +65-6261-7704

https://www.kyudenko.co.jp/en/

KYUDENKO MALAYSIA SDN. BHD
59-8, The Boulevard, Mid Valley City, No.1, Medan Syed Putra Utara, 59200 Kuala Lumpur Malaysia
TEL: +60-3-2282-6588 FAX: +60-3-2202-0553
KYUDENKO VIETNAM CO., LTD
Lot A4, Resettlement Area, Team 7, Bau Hamlet, Kim Chung Commune, Dong Anh District, Hanoi City, Viet nam. TEL: +84-24-6253-7347
KYUDENKO (THAILAND) CO., LTD.
1/33 Bangnathani Building, 16th Floor, Soi Bangna-Trad 34, Bangna Tai, Bangna, Bangkok 10260 THAILAND
TEL: +66-2-398-4301 FAX: +66-2-398-4302
Kyulien Environment Improving Co., Ltd.
No.49, Ln.90, Gong 5th Rd., Longtan Township, Taoyuan County, Taiwan 32559

TEL: +886-3-499-0016

KYUDENKO INDONESIA Representative officeSummitmas II, 3rd Floor JI. Jend. Sudirman, Kav. 61-62, Jakarta Selatan 12190, Indonesia.

FAX: +886-3-499-0017

TEL: +62-21-252-2560

KYUDENKO MYANMAR BRANCH OFFICE
Prime Hill Business Square #401-405, Prime Hill Business Square, No.60 Shwe Dagon Pagoda Road, Dagon Township, Yangon, Myanmar

Head Office and Branch
Head Office

1-23-35 Nanokawa, Minami-ku, Fukuoka City, Fukuoka Prefecture, 815-0081 Japan
TEL: +81-92-533-0300 FAX: +81-92-533-0303

Tokyo Head Office

35th floor, Sunshine 60, 3-1-1 Higashi-Ikebukuro, Toshima-ku, Tokyo Prefecture, 170-6031 Japan
TEL: +81-3-3980-8611 FAX: +81-3-3980-8291

Tokyo Branch Office

35th floor, Sunshine 60, 3-1-1 Higashi-Ikebukuro, Toshima-ku, Tokyo Prefecture, 170-6035 Japan
TEL: +81-3-3980-8613 FAX: +81-3-3980-8176

Yokohama Branch Office

18th floor, Yokohama Creation Square, 5-1 Sakae-cho, Kanagawa-ku, Yokohama City,
Kanagawa Prefecture, 221-0052 Japan
TEL: +81-45-451-6190 FAX: +81-45-451-6193

Fukuoka Branch Office

1-24-1 Nanokawa, Minami-ku, Fukuoka City, Fukuoka Prefecture, 815-0081 Japan
TEL: +81-92-525-2700 FAX: +81-92-525-2704

Kitakyushu Branch Office2-2-1 Komemachi, Kokurakita-ku, Kitakyushu City, Fukuoka Prefecture, 802-0003 Japan
TEL: +81-93-541-8301 FAX: +81-93-531-0989

Oita Branch Office

2-25-16, Hanazuru, Oita City, Oita Prefecture, 870-0933 Japan
TEL: +81-97-553-2561 FAX: +81-97-551-0533

Miyazaki Branch Office

4-1 Ehirahigashimachi, Miyazaki City, Miyazaki Prefecture, 880-0817 Japan
TEL: +81-985-26-9856 FAX: +81-985-20-8815

Kagoshima Branch Office 1-1 Kamoikeshinmachi, Kagoshima City, Kagoshima Prefecture, 890-0064 Japan
TEL: +81-99-256-2161

FAX: +81-99-256-6469

Kumamoto Branch Office

6-17-21 Honjo, Chuo-ku, Kumamoto City, Kumamoto Prefecture, 860-0811 Japan
TEL: +81-96-366-2152 FAX: +81-96-371-5762

Nagasaki Branch Office22-40 Hiranomachi, Nagasaki City, Nagasaki Prefecture, 852-8117 Japan
TEL: +81-95-840-0800 FAX: +81-95-840-0825

Saga Branch Office

2-6-26 Kounohigashi, Saga City, Saga Prefecture, 840-0804 Japan
TEL: +81-952-33-2002 FAX: +81-952-31-8609

Kansai Branch Office

2-9-8 Minamisenba, Chuo-ku, Osaka City, Osaka Prefecture, 542-0081 Japan
TEL: +81-6-6282-7253 FAX: +81-6-6282-7773

Okinawa Branch Office1-405 Toyosaki, Tomigusuku City, Okinawa Prefecture, 901-0225 Japan
TEL: +81-98-856-9050 FAX: +81-98-856-9830

Uku Project Development Office 4th floor, Gureisu Ishibashi, 2-15, Minatomachi, Sasebo City, Nagasaki Prefecture, 857-0055 Japan
TEL: +81-956-37-6363

FAX: +81-956-37-6362
2023 edition