IR Meeting Material

Financial Results for the First Quarter ofthe Fiscal Year Ending March 2024

With Our Proud History,
Creating a Desirable Future

Asanuma Corporation
Prime Market of the Tokyo Stock Exchange
Stock Code :1852

Table of Contents
1. FY2023 1Q Financials（1）Financial Results / Progress

・・・・・・・・・

Ｐ. 3（2）Breakdown of Orders Awarded

・・・・・・・・・

Ｐ. 4（1）Renovation Business・・・・・・・・・

Ｐ. 5（2）Response to the Decrease in the Production Worker Population

・・・・・・・・・

Ｐ. 8（3）Non-Financial Information Management (ESGs, SDGs, etc.)

・・・・・・・・・Ｐ. 9

3. Topics・・・・・・・・・

Ｐ. 10

2. Progress of the Medium-Term Business Plan3

1. FY2023 1Q Financials（1）Financial Results / Progress
Orders awarded increased by ¥11.432 billion YOY due to a significant contribution from orders awarded fordomestic construction projects.
The reason for the YOY decline in sales and profits was that there were many projects completed in 1Q FY2022,
while in FY 2023, many of them will be completed in 2H. Full-year forecasts are expected to be achieved.
FY2021

Major Financial
Results & Plans(Consolidated)

FY2022

１Q
Full-Year Progress
１Q
Full-Year Progress
Rate
RateResults Results(Unit: million yen） Results Results
(%)

(%)

FY2023
1 １Q Full-Year Progress
YoYRatePlanResults(revised)

(%)

2

YoY

Orders Awarded

28,669136,568

21.0

33,265

144,743

23.0

4,595

44,697

144,700

30.9

Completed
Construction
Contracts

29,367

135,478

21.8

33,060144,436

22.9

3,693

30,179141,800

21.3

Gross profit

2,375

13,444

17.7

3,328

15,139

22.0

952

2,343

13,950

16.9

△984

Rate

8.1%

9.9%—

10.1%

10.5%—

2.0P7.8%

9.8%

—

△2.3P

SGA cost

2,168

8,609

25.2

2,341

9,447

24.8

173

2,424

9,850

24.6

82

Operating Profit

206

4,835

4.3

986

5,691

17.3

779

△814,100—△1,067

Profitattributable toowners ofparent

133

3,748

3.6

760

4,200

18.1

627

32

4,540

0.7

△728

Dividend

—

＊363円

—

—

191円

—

—

—

197.5円——Dividend payout
ratio

—

78.1％

—

—

73.3％

—

—

—

70.2％

—

—

3

11,432△2,881*＊ We split each common share at a rate of 2 shares on August. 1, 2022. Therefore, for the year ended March 2022, the amount of a per-share divide is calculated
based on before the stock split.

31. FY2023 1Q Financials（2）Breakdown of Orders Awarded
Domestic orders (orders at the parent company) were firm, led by the building construction private
sectorOrders received by overseas subsidiaries were also strong
FY2022

Orders（Unit: million yen）

Building
Construction
PublicASANUMA
Private
CORP.
Civil(nonconsolidated Engineering
basis /Publicdomestic
Privatebusiness)
Total

FY2023

１Q Results １Q Results

YoY35,75010,531

2,505△8,27333,24518,804

6,873

4,937

△1,935

4,277

2,571

△1,706

2,366

△229

40,688

8,595

25,21910,77914,4402,595
32,092

12

Public15,056

5,076△9,979

Private17,03635,611

18,575

4,008

2,836

44,697

11,432

Subsidiaries in ASEAN

1,172

Consolidated

33,26534

Pie chart： Orders
Outside： FY2023
Inside： FY2022

2. Progress of the Medium-Term Business Plan
（1）Renovation Business①Results/Progress

Renewal Business is progressing steadily toward the goal of achieving an operating profit in thebuilding renovation business of above 35% of consolidated operating profit by the final year of
the medium-term plan, FY2023
Operating Profit from Building Renovation Business (FY2023 1Q Results)（(Unit: million yen）
1
FY2021
FY2022
FY2023
11Q
1Q
1Q
Full-Year
Progress
YoY
RateResults
Results
Results
Plan
Operating Profit

243

238

483

1,443

33.4％

244

Domestic Building Renovation
Orders Awarded

4,962

3,521

9,988

20,000

49.9％

6,467

Completed
Construction

3,746

2,686

3,466

18,00019.3％

780

Operating Profit

251

86

42

1,120

3.8％

△43% of Operating Profit

121.5％

8.7％

—

27.3％

—

—

ASEAN Building Renovation
Orders Awarded

18

1,172

4,008

9,700

41.3％

2,836

Completed
Construction

437

1,998

2,047

10,00020.5％

48Operating Profit2

△7152

440

323

136.2％

288% of Operating Profit

—

15.5％

—

7.9％—

—

1. As 1Q 2023 consolidated operating profit was negative, % of operating profit in building renovation business in consolidated operating profit is
not calculated
2. Including goodwill amortization of ASEAN affiliates

52. Progress of the Medium-Term Business Plan（1）Renovation Business② Upgrading technology・Internal deployment

Enhance proposal capability of our renovation business to customers using our proprietary technologies
Horizontal deployment of proprietary technologies in workplaces
Seismic Strengthening Works with Using Buildings

Technology Presentation

Our proprietary technology, “An-shin” Block, enables
earthquake-proofing while using buildings with minimum spaceAwards are given to outstanding entries from employees,
and presentations are held in order to spread thesetechnologies horizontally. (16th time this year)

Excellence Award

Award ceremony- Pilot Run for the Management Model and Utilization of Special
Information by Digitalization- Steel Frame Construction by Method of RC-column S-beamHybrid Construction- Comparison of Construction Methods for Quality for SpreadFootings Groundlevels
and others

Environmental Technology Award- Overview and Construction Works of Environmentally friendly
concrete ‘BB+FA Concrete‘and others

This technology used at the worksites

62. Progress of the Medium-Term Business Plan
（1）Maintenance and Repair Business （Renovation）③Strengthening Business in ASEAN Region

In Singapore, two acquired subsidiaries which run renovation-related business has been performing well.
In Thailand, promoting the business of reinforcement of bridges using carbon-fiber sheeting (approvedas JICA’s program).
SINGAPORE
Subsidiary
Name

SINGAPORE PAINTS &CONTRACTOR PTE. LTD.

EVERGREEN ENGINEERING＆CONSTRUCTION PTE. LTD.

Acquisition

October 2018

January 2022

Description ofBusinesses

Building painting and repair work contractors

Maintenance services,Electrical engineering services

Results

FY2022 1Q

FY2023 1Q

YoY

FY2022 1Q

FY2023 1Q

YoYOrders

575

2,920

2,344596

1,088492

Construction
Contracts

521

1,118597

1,477

1,298

△179

Operating Profit△18586193398204

Goodwill

78—3235—THAILAND
Subsidiary Name: Thai Asanuma Construction Co.,Ltd.
Establishment year: July 2021
Description of Businesses : Maintenance business for highway and bridges
・Jointly promotes the business of reinforcement of bridges with Toray Industries, Inc., andToray International, Inc.
・Adopted for JICA SDGs Business Support Program in 2021. Strengthening businesses to acquireorders・Carbon Fiber Sheet Reinforcement and Cross-Sectional Repair of Viaducts in Thailand as a pilot project7

1st pilot project in Thailand

2.

Progress of the Medium-Term Business Plan（2） Response to the Decrease in the Production Worker Population
Promoting DX
Jointly developed learning-system “GEMBA (construction site)Trainer” utilizing 3D , released in June
DX Committee continues to promote Digitalization
Jointly Developed Learning-System “GEMBA Trainer” Utilizing 3D, Released in June
① Adventure Section
Produce the building under construction (S-structure and RCstructure) in virtual reality, and solve various issues while
walking freely in construction site.
② Exercise Section

After the experience in ‘Adventure Section’, 240 of variousquestions will be raised

Freely walk around the virtual work sites

DX Committee Promotes Digitalization that contributes to the sophistication and streamlining ofconstruction works
Promotes introduction of BIM・CIM and optimization of the construction works by using tablets
Improves efficiency of existing operations through digitalization of paper works
82.

Progress of the Medium-Term Business Plan

（3）Non-Financial Information Management (ESGs, SDGs, etc.)‘Scope 3 Category 11’ was added to CO2 reduction target. Aim to reduce CO2 in a wider scopeAlso, in light of CO2 savings achieved under Scope 1 and 2 in FY 2022, we plan to set higher targets.
As other non-financial information activities, Restricted Stock (RS) Compensation Plan was introduced toemployees in addition to Directors and Executive Officers
Set Wider Scope and Higher Goals for the Reduction of CO2 Emissions‘Scope 3 Category11’ was added to CO2 reduction target
As shown in Chart 2, the FY2022 CO2 savings achieved
under Scope 1 and 2 were substantial. In light of this result,we plan to set even higher targets.

（Chart 2）
BenchmarkCO2 Emission

UnitFY

Scope 1+2Emission

t-CO2/Intensity

100 mil yen *1990Amount ofEmissions
30Results

FY2022 FY2030 FY2050
13.4（Building Constructiononly）

Total
AmountScope 3, Category 11(In-house + out-sourceddesigned buildings)

Total
Amount

t-CO2

t-CO2

1990

2021

74,193

693,428

Targrt17,000647,430

15

9

▲50％

▲70％

20,032

11,871▲73％▲84％

589,414 450,728
▲15％

▲35％

* Emissions per 100 million yen of completed construction

3530

13.4

2520

（t-CO2/100 mil yen）

Target(intensity)▲50％

Target(Total Amount)

▲73％

74

▲70％

Target(Total Amount)

15Emission in the Benchmark Year

9517FY 1990
年度
Benchmark2000 2005 2010 2015

2022

201008060

2030

20122040

2050

Introduction of Restricted Stock (RS) Compensation Plan for employees• Eligible Persons ： 1,330 employees• Number of shares： 42,560 shares（Common Stocks ）• Purpose： To incentivize the employees for the sustainable improvement of the Company’s corporate value
and to promote further value sharing with shareholders.
912040Emission Intensity：30（t-CO2 /100mil yen）
Total Amount：74（thousand t-CO2）

0Target(intensity)▲84％

1510140

FY2022Results30

0CO２Emission Total Amount（thouzandｔ-CO2 )（Chart 1）(Reference)
Scope１：CO2 generated from our business activities
Scope２：CO2 of indirect emissions from the use of electric gases
Scope 3 ：CO2 emitted from the building after delivered to customers
and during the use of buildings

CO２Emission Unit (ｔ-CO2/100 Mil yen)••

4. Topics

August 10, 2023
The Daily Engineering & Construction NewsMay 31, 2023
Architectures,Constructions & Engineerings News10

MemoWith Our Proud History,
Creating a Desirable Future

FY2023
Contact
Corporate Communications Dept.
Tel 06-6585-5500

Fax 06-6585-5556