Disclaimer: This document is an English translation of the Japanese original. The Japanese original will prevail to the extent
that there is any conflict or discrepancy in meaning between the Japanese original and the English translation thereof.

FY3/22（Fiscal 2021）Financial Results（April 1, 2021 to March 31, 2022)

May 23, 2022

１．FY3/22 Financial Results Outline

1

FY3/22 (April 1, 2021 to March 31, 2022) Business Environment• Firm trends in public sector construction investment throughout the year.
• While private sector construction investment is exhibiting signs on a recovery withactivity returning to levels experienced prior to COVID-19, competition remains harshMarketdue to a variety of factors including further upswings in the cost of materials amid
Environment
continued uncertainty surrounding the future environment.
• Despite signs of a gradual recovery in certain regions, overall conditions remain harsh inoverseas markets.

Japan• As far as building construction in Japan is concerned, demand for production- andlogistics-related facilities are relatively firm with an upward trend also in the renewal
field. Despite these favorable conditions, order environment conditions remain harsh.
• While public sector construction investment is projected to decline slightly with a pause
in the upward trend experienced in recent years, civil engineering trends are firm with acertain level of orders for large infrastructure and other projects as well as expressway,hydroelectric power generation, and related renewal work.

Overseas• Conditions remain weak in the countries in which the Company operates owing to theimpact of COVID-19.
• Signs of continued delays in civil engineering orders including ODA projects.
• Signs of a partial recovery in building construction in such areas as North America
focusing mainly on Mexico.
2

Highlights
Consolidated net sales(Billion yen)

３４０.２

(Billion yen)
400
300

（ YoY Change ▲ 3．4％）200■Decrease in net sales of completed construction
contracts

378.1

352.1

340.2

FY3/20FY3/21

FY3/22

Operating Profit
Operating Profit Margin

7.8%

100
0

Consolidated
Operating Profit (Billion yen)

２６.６

Consolidated Operating Profit Margin(Billion yen)
40

７．８ ％

30

7.8%

6.0%
24.6

27.3

26.6

10

■Decrease in gross profit on the back of a downturn in
net sales

8.0%

6.5%

20

（ Consolidated Operating Profit YoY Change▲ 2．８％）（ Consolidated Operating Profit Margin YoY Change ＋ 0．0Ｐ)

10.0%

4.0%
2.0%

0
FY3/20FY3/21

FY3/22

380.2

Building construction

Civil engineering

300.8

309.8

101.5

122.5

199.3

187.2

FY3/21

FY3/220.0%(Billion yen)

Non-consolidated
Orders received (Billion yen)

３０9.8

400
300

（ YoY Change + 3．0％）■Increase in civil engineering net sales owing to theacquisition of public sector and other project orders
and requests for revisions in designs■Decrease in building construction net sales owing to
the harsh competitive environment

193.5

Civil engineering

200
Building
construction

100

186.7

0
FY3/203

【Consolidated】 Operating Results

FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.31,2022)

Forecast

Result(announced in
February,2022)

ResultYoY
ChangeChange From
Forecast

Net sales

352.1

339.0

340.2

△３.４％

+0.4％

Gross profit

４８.１

４５.２

46.8

△２.７％

+3.7％

（１３．７％）（13.3％）（13.8％）（+0.１Ｐ）（+0.5Ｐ）

Selling, general andadministrative expenses

２０.８

２０.３

２０.２

△２.６％

△0.2％

Operating profit

２７.３

２４.９

２６.６

△２.８％

+6.8％

（Operating profit margin）（7.8％）（7.3％）（7.8％）（０.０Ｐ）（+0.5Ｐ）

Ordinary profit

２５.８

２３.４

２５.８

△０.２％

+10.4％

Profit attributable toowners of parent

１７.１

１５.８

１７.６

+２.８％

+11.8％（Gross profit margin）(Unit: Billion yen. Rounded down to the unit)4

【Consolidated】 Balance Sheets

FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.3１,2022)

Current assets

２７４.２

228.0

△４６.１

Non-current assets

６５.１

６７.２

+２.０

Total assets

３３９.３

295.3

△４４.０

Current liabilities

１７３.７

140.3

△３３.３

Non‐current liabilities

１８.９

１３.２

△５.６

Total liabilities

１９２.７

153.6

△３９.０

Total net assets

１４６.６

141.6

△４.９

Total liabilities andnet assets

３３９.３

295.3

△４４.０

Interest-bearing debt
(Billion yen)
Debt/Equity ratio※（times)

２５.２

２４.７

△0.５

０.１７

０.１８

+０.００Ｐ

Equity ratio(％）

４３.０

４７.７

+４.７Ｐ

Result ①

Result ②

Change②－①・Cash and deposits（△６３.２）
・Notes receivable, accounts receivablefrom completed construction
contracts and other（+１８.９）
・Costs on construction contracts inprogress（△１.５）
・Other property, plant and equipment（+１.１）
・Retirement benefit asset（＋１.８）
・Other investments and other assets（＋１.０）
・Other（△２.１）
・Notes payable, accounts payable forconstruction contracts and other（△２３.４）・Income taxes payable（△１.８）
・Advances received on construction
contracts in progress（△９.１）
・Deposits received（＋３.５）
・Provision for loss on damage due to fire（△２.０）
・Retirement benefit liability（△５.０）
・Other（△１.２）

・Capital surplus（△２.８）
・Retained earnings（△０.９）
・Treasury shares（△０.２）
・Valuation difference on available-for-salesecurities （△０.７）
・Other（△０.３）(Unit: Billion yen. Rounded down to the unit)※ Debt/Equity ratio : Interest-bearing debt／Equity（Net assets－Share acquisition rights－Non controlling interests）

5

【Consolidated】 Statements of Cash Flows

Cash flows from operating
activities

FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.31,2022)

２９.１

FY3/22 Movements
in Principal Accounting Line Item

△３６.０

・Profit before income taxes（＋２５.３）
・Increase in trade receivables（△１８.９）
・Decrease in trade payables including discontinued paymentof promissory notes eliminated（△２３.５） ※１
・Decrease in advances received on construction contracts
in progress（△９.１）
・Decrease in retirement benefit liability（△４.９）※１
・Purchase of property, plant and equipment including
renewal of research facilities （△２.５）
・Payments for investments in the Sakaide Biomass Power
Generation Project（△１.８）

Cash flows from investing
activities

△３.９

△４.５

Cash flows from financing
activities

△１２.６

△２２.５

Net increase (decrease) in cash
and cash equivalents

１２.５

△６３.２

Cash and cash equivalents at
end of period

１２８.０

６４.７

・Purchase of own shares（△１５.３）
・Dividends paid（△６.４） ※２(Unit: Billion yen. Rounded down to the unit)※1 Temporary impact on cash flows from operating activities owing to the decrease in cash and deposits following implementation of
the following key measures in line with the Medium-Term Management Plan
・Decrease in trade notes payable (approx. ¥15.0 billion) owing to improvements in payment conditions (discontinued payment ofpromissory notes) aimed at strengthening relationships with partner firms
・Treatment of a portion of additional trust retirement benefit obligations as an off-balance sheet item to ensure stable retirement benefit
plan management and improve financial position※2 Dividends paid comprise the period-end dividend for FY3/21 and the interim dividend for FY3/22

6

２．Details of

Non-Consolidated Financial Results

7

【Non-consolidated】 Orders Received

FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.31,2022)

Forecast

ResultYoY
Change３３５,０００309,843

+３.０％

△7.5％

１０１,５２７

１２５,０００122,593+２０.７％△1.9％

Domestic

１００,９４７

120,000

122,432+２１.３％+2.0％

Overseas

５７９

5,000

１６０

△７２.４％△96.8％

Building construction

１９９,３４１

210,000

187,250△６.１％△10.8％

Domestic

１９５,７４７

２００,０００174,476△１０.９％△12.8％

Overseas

３,５９３

１０,０００12,773+255.4％+27.7％

Result(announced in
February,2022)

Orders Received

３００,８６９

Civil engineering

Change From
Forecast(Unit: Million yen. Rounded down to the unit)8

【Non-consolidated】

Net Sales of Completed Construction Contracts/
Gross Profit on Completed Construction Contracts
FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.31,2022)

Forecast
Result(announced in
February,2022)

ResultYoY
ChangeNet sales of completed
construction contracts

328,189

310,000

310,790

△5.3％

+0.3％

Civil engineering

135,976

133,000

132,264

△2.7％

△0.6％

Building construction

１９２，212

177,000

178,526

△7.1％

+0.9％

Gross profit on completed
construction contracts

44,03540,90042,090

△4.4％

+2.9％

（Construction gross profit margin）（13.4％）（13.2％）（13.5％）（+0.1Ｐ）（+0.3Ｐ）

Civil engineering

23,30322,40021,467

△7.9％

△4.2％

（17.1％）（16.8％）（16.2％）（△０.９Ｐ）（△0.6Ｐ）

20,732

18,50020,622△0.5％+11.5％（10.8％）（10.5％）（11.6％）（+0.8Ｐ）（+1.1Ｐ）

Building construction

Change From
Forecast(Unit: Million yen. Rounded down to the unit)9

【Non-consolidated】 Year-end Backlog

FY3/21

FY3/22(Apr.1,2020‐Mar.31,2021)(Apr.1,2021‐Mar.3１,2022)

ResultYear-end Backlog

ChangeResultYoY
Change519,324518,683

△0.1％

△640

Civil engineering

329,717

320,144△2.9％△9,572

Domestic

311,684

309,480△0.7％△2,203

Overseas

18,033

10,664△40.9％△7,369Building
Construction

189,606

198,538+4.7％+8,932

Domestic

184,513

187,569+1.7％+3,056

Overseas

5,093

10,969+115.4％+5,876(Unit: Million yen. Rounded down to the unit)

10

３．Forecast of Earnings

FY3/23 Full Fiscal Year11

Our Understanding of FY3/23 Financial Results Forecasts
国 内 Environment
Market• Despite signs of a gradual economic recovery in Japan, the need to monitor the downside risks of increases in raw material prices and energy
costs, fluctuations in financial and capital markets, and other factors is warranted amid uncertainties surrounding the impact of COVID-19 andconditions in Ukraine• According to the outlook put forward by the Research Institute of Construction and Economy (dated April 13), public sector construction
investment is projected to decline 1.9% from the previous year; as far as private sector construction is concerned, investment is expected toincrease 7.4% year on year despite disparities between industries; investments in renovation and refurbishment are anticipated to increase
3.8% with a modest upward trend over the medium to long term
• Despite disparities between countries and regions due to the diverse economic measures implemented to address the pandemic, a gradualeconomic recovery is expected

The Company’s Business海外• In the civil engineering field, continue to focus on public works for disaster prevention and mitigation, national land resilience as well as largescale infrastructure, comprehensive evaluation, and highway renewal projects while taking into consideration the structure of construction andsystems• Continue to roll out information-oriented technologies while undertaking activities aimed at improving productivity on an ongoing basis• As far as building construction order are concerned, firm inquiries for warehouses, distribution facilities, and data centers; also focus on
capturing orders for renewal projects at the LCS Business Headquarters; improve productivity by promoting front-loading through the use of
BIM, PCa, and other technologies and methods; work to improve proposal capabilities in design and construction projects through ZEB-based
environmental technologies and other means• Signs of a recovery in certain regions overseas; connect growing project information to orders12

【Consolidated】 Forecast for Full Fiscal Year

FY3/22

FY3/23(Apr.1,2021‐Mar.31,2022)(Apr.1,2022‐Mar.31,2023)

Trends in Consolidated Net Sales（Million yen）
500,000

Full-year
forecast

ResultYoY
Change400,000

300,000

Net sales
Gross profit

340,293
46,861

377,000
44,600＋10.8％△4.8％

200,000

378,135

352,146

340,293

FY3/20（Result）

FY3/21（Result）

FY3/22（Result）

100,000

0（Gross profit margin）（13.8％）（11.8％）（△2.0Ｐ）

Selling, general andadministrative expenses

20,261

20,600＋1.7％

Operating profit

26,60024,000△9.8％

Consolidated Operating Profit
Consolidated Operating Profit Margin（Million yen）
7.8%

（6.4％）

9.0%

7.8%

6.5%

（7.8％）

FY3/23（Forecast）

Trends in Consolidated Operating Profit andConsolidated Operating Profit Margin

30,000（Operating profit margin）

377,000

6.4%（△1.4Ｐ）

7.0%
20,000Ordinary profit

25,838

23,10017,671

15,6006.0%
5.0%△10.6％

26,60010,000

Profit attributable toowners of parent

24,69924,00027,356

4.0%
3.0%
2.0%

△11.7％

1.0%
0(Unit: Million yen. Rounded down to the unit)

8.0%

0.0%
FY3/20（Result）

FY3/21（Result）

FY3/22（Result）

FY3/23（Forecast）

13

【Non-consolidated】 New Orders (Full-year forecast)[Non-consolidated] Changes in Orders Received/ Changes（Million yen） in Year-end Backlog

Year-end Backlog
Orders Received

600,000

FY3/22

FY3/23(Apr.1,2021‐Mar.31,2022)

500,000(Apr.1,2022‐Mar.31,2023)

300,000

Full-year
forecast

ResultOrders
Received

309,843

355,000

546,698

519,324

528,683

518,683

400,000

YoY
Change+14.6％※
380,281200,000

355,000
300,869

309,843

FY3/21（Result）

FY3/22（Result）

100,000
0
FY3/20（Result）

FY3/23（Forecast）※Figures are calculated for convenience using the following formula:Year-end backlog as of March 31, 2022 + Forecast orders for the fiscal year ending March 31, 2023
– Forecast net sales of completed construction contracts for the fiscal year ending March 31, 2023

[Non-consolidated] Changes in Civil engineering orders received（Million yen）

Civil
engineering

250,000

122,593

125,000+2.0％

200,000

193,575

101,527

150,000

Domestic

122,432

120,000△2.0％

Building
construction160

5,000 ＋3,019.3％

100,000

125,000

160

5,000

122,432

120,000

FY3/22（Result）

FY3/23（Forecast）

175,727
100,947

FY3/20（Result）

FY3/21（Result）[Non-consolidated] Changes in Building construction orders received

187,250

230,000+22.8％

Domestic（Million yen）
186,706

174,476

210,000＋20.4％

12,77320,000＋56.6％(Unit: Million yen. Rounded down to the unit)

Overseas230,000

250,000

199,341
3,593

14,41220,000187,250
12,773150,000
100,000

Overseas

122,5920

200,000

Domestic

Overseas579

50,000Overseas

Domestic

17,847

172,293

195,747

210,000
174,476

50,0000FY3/20（Result）

FY3/21（Result）

FY3/22（Result）

FY3/23（Forecast）

14

【Non-consolidated】 Net Sales of Completed Construction Contracts/

Gross Profit on Completed Construction Contracts (Full-year forecast)
Trends in Net Sales of Completed Construction Contracts

FY3/22

FY3/23（Million yen）

(Apr.1,2021‐Mar.31,2022)(Apr.1,2022‐Mar.31,2023)

400,000

ResultFull-year
forecast

YoY
Change300,000

100,000

Net sales of completed
construction contracts

310,790345,000+11.0％

Civil engineering

132,264

145,000+9.6％

Building construction
Gross profit on completed
construction contracts

178,526

200,000

42,09040,700（13.5％）（11.8％）

21,467

23,200124,314227,213

FY3/20（Result）（16.0％）（△0.2Ｐ）

45,00020,622

17,500△15.1％（11.6％）（8.8％）（△2.8Ｐ）(Unit: Million yen. Rounded down to the unit)

178,526

200,000

FY3/21（Result）

FY3/22（Result）

FY3/23（Forecast）

43,174
17.7%

20.0%

44,03517.1%

42,09016.2%

21,960

13.4%

18.0%

16.0%
16.0%

35,00023,200

13.5%

14.0%
12.0%

11.8%

12.3%
25,00040,70023,303
21,46720,000

Building construction

192,212Civil engineering gross profit on completed construction contracts
Building construction gross profit on completed construction contracts
Civil engineering construction gross profit margin
Building construction gross profit margin
Construction gross profit margin

30,000（16.2％）

145,000
132,264

Trends in Gross Profit on Completed Construction Contracts andConstruction Gross Profit Margin△3.3％ （Million yen）

+8.1％

345,000
310,7900+12.0％（△1.7Ｐ）

328,189

Civil engineering

200,000

40,000Civil engineering

351,527

135,976

50,000（Construction gross profit
margin）

Building construction

10.8%

10.0%

11.6%

8.0%

9.3%
8.8%

15,000

6.0%

10,00021,214

20,732

20,622

17,500

5,000

4.0%
2.0%

0

0.0%
FY3/20（Result）

FY3/21（Result）

FY3/22（Result）

FY3/23（Forecast）

15

４．Medium-Term Management Plan

(FY3/21 to FY3/23) Progress to Date

16

Progress under the Medium-Term Management Plan (Quantitative Targets)

Ordinary profit
ROE
Total Return Ratio(After Upgrade)

Quantitative Targets

FY3/23

FY3/23(Final Year of the Plan)

Period-End Forecasts

３０.０ Billion yen

２３.１ Billion yen

１２％

Around １１％

FY3/22 and FY3/23
Cumulative two-year period: １００％ or more

Cumulative two-year period: Around １１５％

■FY3/23-end forecasts compared with quantitative targets for the final year of
the Medium-Term Management Plan
・ Ordinary profit projected to fall short of plans owing to the greater-than-expected sharp change inbusiness conditions and substantial drop in construction business volumes both in Japan and overseas
mainly as a result of the pandemic・ Despite efforts to push forward measures aimed at improving capital efficiency, ROE anticipated to fallslightly below plans
・ Projected to achieve planned total return ratio target after upgrade⇒ Established the Corporate Strategy Division in April 2022
Connect efforts to accelerate key measures under the Medium-Term Management Plan to
the next Chapter II Plan
17

Progress under the Medium-Term Management Plan (FY3/22 Results)
VISION 2030

Create customer value【The Medium‐Term Management Plan Ｃhapter Ⅰ】▶Achievement of safety, high quality, high productivity, and low cost by strengthening technology development /innovation / proposal capabilities▶To remain by our customers’ sides over the long term and respond quickly to diverse needs by strengthening LC
support business• Achieved fully automated drilling operations for mountain tunnel construction• Developed an AI-based structural design support system• Improved the safety and workability of mucking operations using a continuous belt conveyor system inmountain tunnel construction• Increased the efficiency of labor while reducing concrete consumption volumes in pile foundation
construction• Undertook a large-scale renewal of the Technical Research Institute
VISION 2030

Create shareholder value【The Medium‐Term Management Plan Ｃhapter Ⅰ】▶To secure stable profits (transformation to a business structure that is not easily affected by changes in orders
received in a fiscal year)▶Increase corporate value by returning profits to shareholders (dividends, etc.) and investing in growth• Undertook steps to expand returns to shareholder
Purchased own shares (FY3/21: Purchase completed totaling ¥4.9 billion; FY3/22: Purchasecompleted totaling ¥15.1 billion; FY3/23: Purchase planned totaling ¥10.0 billion)
Retired treasury stock (19,322,200 shares: Percentage of total shares issues and outstanding prior
to retirement 9.64%)• Commenced the facility management business in earnest(Converting the Company’s Tohoku Branch Building into a hybrid-type office and rental housing
complex while employing a variety of environmental technologies)• Selected the Prime Market as its listing market in response to revision to the Corporate Governance Code.

18

Progress under the Medium-Term Management Plan (FY3/22 Results)
VISION 2030
Create environmental value【The Medium‐Term Management Plan Ｃhapter Ⅰ】▶To participate in renewable energy business▶Process of decarbonizing business activities (promotion of SBT and RE100)▶Technology development, trial demonstration and deployment for ZEB, next-generation energy management systems, etc.

• Participated in the Sakaide Biomass Power Generation Project (joint venture)• Entered the solar power generation power purchase agreement (PPA) business in earnest• Disclosed information in line with the Company’s declaration of support and acknowledgement of
the TCFD recommendations• Acquired environmental impact assessment (CFP) certification of buildings using the LCA method
VISION 2030

Create employee value【The Medium‐Term Management Plan Ｃhapter Ⅰ】▶Achievement of sense of well-being (treatment according to work style and results, promotion of health management,
diversity)▶To realize work-style reforms, realization of diverse work styles▶Development / securing of human resources (expansion of human resource development system)• Promoted initiatives in line with the Company’s health management strategy map and KPIs
• Promoted the closure of 8 domestic work sites in 4 weeks (civil engineering: 90%, construction: 80%)
* Excluding difficult sites• Third Women’s Forum held (Iku Boss Campaign for all directors and executives)• New Head Office received the highest “S” CASBEE Wellness Office rank certification• Newly established the Career Development Department in a bid to strengthen human resources
development and training.

19

Progress under the Medium-Term Management Plan (Investment Plan)■Investment plan and forecast results for the three years of the Medium-Term Management Plan (FY3/21 to FY3/23)
Field

TargetDuring the period of
the Medium-Term
Management Plan
I n ve s tme n t pl an n e dover the 3-year period

Investment results
up to FY3/22

FY3/23 investment
forecast

Current investment forecast

Energy business• Renewable energy business (Japan and overseas)• Energy Service Provider (ESP) businessApprox.
¥５.０ billion

Approx.
¥２.０ billion

Approx.
¥０.８ billion

Real estate business/
Infrastructure
management business• Owned asset (branch building) facility managementbusiness• Acquisition of profitable properties

Approx.
¥３.０ billion

Approx.
¥２.２ billion

Approx.
¥１.７ billion

Partner strategic
investment• Alliances with overseas business partners• Collaboration with startup companies

Approx.
¥５.０ billion(Small amount)

Approx.
¥５.０ billion

Innovation investment,
Technology development
investment, Other• Technology development investment that contributes tosuch benefits as improved productivity, low cost, andshorter construction periods• Technical Research Institute capital investment• Ｐrecast concrete factory expansion (third building)• Venture capital (VC) investment

Approx.
¥１２.０ billion

Approx.
¥７.０ billion

Approx.
¥５.３ billion

Approx.
¥２５.０ billion

Approx.
¥１１.３ billion

Approx.
¥１２.８ billion

Total amount■Major FY3/22 investment results○Participated in the Sakaide Biomass Power Generation Project; launched the Tohoku Branch Business Facility Management Business in earnest;

participated in a solar power generation power purchase agreement business; invested in technology development in various fields including DX promotionand efforts to increase productivity; renewed facilities at the Technical Research Institute; invested in venture capital and start-up companies■FY3/23 investment forecast○While investment in the energy business is projected to fall below due mainly to the effects of COVID-19 and suspension of overseas IPP businessactivities, the Company intends to invest in line with overall plans in all other areas; continue to consider investment proposals that offer sustainablegrowth while closely monitoring the external environment

20

Progress of Cash Allocation

Shareholder Return
Dividends

Purchase ofown shares
Growth/Large-Scale Investment(including maintenance and renewal
expenditures)

Data announced in
November 2021※1

Results

Progress rate(from October 2021 to March 2023)
18 months（from October 2021 to March 2022）
6 months

33.3%¥30.0 billion or more

¥13.4 billion

44.7%¥10.0 billion¥3.4 billion(period-end dividend)

34.0%¥20.0 billion¥10.0 billion

50.0%※2

From ¥18.0 billion¥4.3 billion※3

2３.９%※１ From presentation materials used during the Company’s financial results presentation held on November 22, 2021
※２ The Company resolved to establish a maximum limit for the purchase of its own shares of ¥10.0 billion on March 29, 2022; expected toachieve a planned progress rate of 100%
※３ In addition to cash flows from investing activities presented in the Company’s statements of cash flows, growth/large-scale investment
results include such other expenditures as technology R&D expenses.

21

Status of Shareholder Return Implementation
１．Dividends

JYP

130

FY3/23 forecast
Net income per share¥92.32120
110

Period-end
dividend

Total

FY3/22（Results）

¥２０

¥２０

¥４０

FY3/23（Forecasts）

¥２０

¥２０

¥４０

140%

124.9%

120%

100
90

100%

80
70

M e dium-term t arget（Post u pgrade）（ FY 3/22-FY3/23 cumulative）

60

Total return ratio:１００％ or more

66.4%

80%

64.9% 61.9%

40.5%

50

35.5%

40

43.3%

5.2%

20

① FY3/22 purchase results¥１５,０６０ million １７,３０３,０００ shares

14.1%

20.4%

２．Purchase of own shares40%② FY3/23 purchase status (as of April 30, 2022)

14.8%
20%

5
10

8
FY3/14

60%

33.4%

19.4%

30

0

Interimdividend

Trends and Forecasts for Annual Dividends,
Dividend Payout Ratio,and Total Return Ratio

FY3/1512
FY3/1620
FY3/1725
FY3/1830
FY3/1930
FY3/2030
FY3/2140
FY3/22

FY3/23(Forecast)
Annual Dividend/Share

Share Buyback/ShareDividend Payout Ratio

Total Return Ratio¥１,０３０ million

40

１,１７２,０００ shares

0%

３．Retirement of treasury stock(implemented November 2021)
１９，３２２，２００ shares
９．６４％ of total shares issued and outstanding before
retirement

22

TOPICS■Proposal Adopted as a NEDO Green Innovation Fund Project～Development of CARBON POOL Concrete Technology, a Concrete Production Method
That Redefines Concrete as a Carbon Neutral Material for Use in the Construction ofPavements and Structures～
・ Put forward by a consortium of six companies led by HAZAMA ANDO, a proposal to develop the
CARBON POOL concrete production method using advanced CO₂ technologies for application in theconstruction of pavements and structures was included in the New Energy and Industrial Technology
Development Organization (NEDO) Green Innovation Programme
・ Plans are in place to pursue development and demonstration trials with a view to completion by fiscal
2026<Project Overview and Goals>•
１

The CARBON POOL concrete method builds a local cycle system that immobilizes the CO₂ generated in the cement firing andother processes in industrial waste derived from concrete. Moreover, concrete produced using this method maximizes andaccelerates CO₂ absorption using new technologies while achieving carbon neutrality by immobilizing at least 310kg- CO₂ /m3,
which exceed the level of CO₂ generated in the cement firing and other processes. Through development and social application,
we aim to reduce CO₂ emissions by more than 2 million tons per year by around 2040.

•

HAZAMA ANDO will apply this method not only in the construction of pavements, but also for buildings and civil engineering
projects by making the most of the attributes of the CARBON POOL concrete method, which is conducive to on-site
construction, and ensuring workability and durability.

•

By establishing Life Cycle CO₂ (LCCO₂ ), Life Cycle Assessment (LCA), and Life Cycle Cost (LCC) comprehensive evaluation
systems, the Company will promote ESG finance and support carbon pricing while contributing to a decarbonized society.

２

３

23

TOPICS■New Head Office received the highest “S” CASBEE Wellness Office rank certification
HAZAMA ANDO’s new head office (including the Tokyo and Kanto branches) received the highest “S”
CASBEE Wellness Office rank certification, for its excellent health, comfort, and safety and considerationof the need to improve intellectual productivity.
・New Head Office concept: An office of collaboration, cooperation, and co-creation
・Three key words
A barrier-free office distinguished by its sense of unity; exciting, vibrant, and enjoyable workplace;peace of mind, safe, and stress-free・Respect for employees' diverse work styles and work-life balance
・Create an office where all parties involved can support each other and work together as one＜Various plans＞•Effective use office space•Flexible selection of conference rooms according tosize and meeting details•A lounge that is conducive to employee communication•Proper placement of planters to alleviate stresson the eyes
•Sound masking and circadian lighting for improved comfort▲Entrance▲Lounge24

Presentation materials are a collection of slides prepared for IR purposes and not intended
to solicit investment in the securities issued by the Company.
This document also contains information on future prospects based on current plans,estimates, forecasts, and projections by Hazama Ando Corporation with respect to
the Company’s business and industry trends.
These forward-looking statements are therefore subject to various risks and uncertainties.

25