Financial Results Briefing for
the First Quarter of the Fiscal YearEnding March 31, 2022

With Our Proud History,
Creating a Desirable Future

August 20, 2021 (Friday)
Asanuma Corporation
Securities Code :1852

This material contains forward-looking statements
regarding the Company's business performanceand future prospects.
These statements are based on currently available
information and assumptions regarding uncertain
factors that may affect the future. Actual results
may differ materially from these statements due tovarious factors.

With Our Proud History,
Creating a Desirable Future1

Table of ContentsPage

ItemＰ3Results for the First Quarter of the Fiscal YearEnding March 2022

Ｐ4

Current status of orders

Ｐ5

Measures in the Three-Year Medium-Term Plan

Ｐ6

Strengthen renovation business in ASEAN region

Ｐ7

Upgrading our proprietary “Ai-MAP SYSTEM”

Ｐ8

Promotion of Eco-Friendly ASANUMA21

Ｐ9

Acquiring WELL Certification as part of “ReQuality”

Ｐ10

Reduction of Policy Holding Shares

Ｐ11

Corporate Governance and Others

Ｐ12

Newspaper articles
2

Consolidated Results for the First Quarter ofthe Fiscal Year Ending March 2022
(Unit: 100 million yen)

FY2020

FY2021

KeyPerformanceIndicators

Q1ResultsResults

Progressrate

Q1
Results

Plan

Progressrate

Orders received

241

1,206

19.9%

287

1,321

21.7%

275

1,378

19.9%

291

1,390

21.0%

21.8

135.8

16.0%

23.1

136.4

17.0%

Rate

7.9%

9.9%

―

7.9%

9.8%

―

Operatingincome

2.6

52.9

4.9％

2.1

53.4

3.9%

1.6

41.4

4.0％

1.3

41.7

3.2%

―

257yen――260yen―Completed
construction
contracts
Gross profit oncompleted
construction
contracts

Profit attributable toowners of parent

Net income

Dividend(Payout ratio)（50.0％）
3（50.2％）

Non-Consolidated
Current status of orders(Unit: Millions of yen)
FY2020 1Q
Results
Proportion

Construction
business

Results

1Q

Proportion

YoY

PublicPrivate
Building construction
PublicPrivateCivil engineering
PublicPrivate
Total

5,998
15,92521,923
693
1,045
1,739
6,692
16,97023,66327.4%
72.6%
100.0%
39.9%
60.1%
100.0%
28.3%
71.7%
100.0%

4,777
20,492
25,270
2,349
1,030
3,379
7,127
21,52328,65018.9%
81.1%
100.0%
69.5%
30.5%
100.0%
24.9%
75.1%
100.0%△1,220
4,567
3,346
1,655
△15
1,640
434
4,552
4,987

Factory・Warehouse

1,602
3,422
3,045
8,429
5,422
21,923
9
173
333
989
232
1,739
23,663

7.3%
15.6%
13.9%
38.5%
24.7%
100.0%
0.5%
10.0%
19.2%
56.9%
13.4%
100.0%

10,609
5,197
3,888
611
4,962
25,270
521
611
583
987
674
3,379
28,650

42.0%
20.6%
15.4%
2.4%
19.6%
100.0%
15.4%
18.1%
17.3%
29.2%
20.0%
100.0%

9,006
1,775
842
△7,815
△460
3,346
512
437
249
0
441
1,640
4,987

Housing
Education
Other
Renovation
Building construction
By application

FY2021Erosion flood control

RailwayRoad
Other
Renovation
Civil engineering
Total

Reference
Amountof Construction
items
astheof theof June
Reference
Amountof Construction
items
as ofendendof June
2021
Non-Consolidated
Plan
Need Orders
Amountof projects
Non-Consolidated
Plan
Need Orders
Amountof Construction
items
130billion
yen
101.3
billionyen
480.2
billionyen
130 billion yen
101.3 billion yen
480.2 billion yen

4Measures in the Three-Year Medium-Term Plan
― Basic Policy ―"Challenge change" by deeping dive into the unique characteristics ofASANUMA CORPORATION
Domestic construction investment, which is shrinking over the long★ term, and domestic maintenance and repair investment, which is steadydue to the aging of infrastructure and Building Construction structures
1.Expansion of the accumulation and utilization of cost data by the estimationand construction departments.
2. Continue to strengthen renovation business in ASEAN region.
3. Promoting ReQuality Renewal Brand Strategy.

Take on thechallenge ★ Decline in the productive labor force in the construction sector
Changes in
1. Enhance the proprietary “Ai-MAP SYSTEM”.
the external
2. Strengthen recruitment of female and foreign employee.
3. Promote and expand CCUS (Construction Career Upgrade System).
environment★

Momentum to improve corporate reputation through non-financial
management activities (ESG, SDGs, etc)
1. “Ｅ”： Promotion of “Eco-Friendly ASANUMA21”.
2. “Ｓ”： Obtaining WELL certification as part of “ReQuality”.
3. “Ｇ”： Continue to reduce Policy Holding Shares.
5

Strengthen renovation businessin ASEAN region
Efforts for maintenance of aging expressways and bridges in Thailand
Establishment of local subsidiaries
Name①

Description ofBusinesses

Holding company

Incorporation

June 2021

Name②

Thai Asanuma Holdings Co.,Ltd.

Thai Asanuma Construction Co.,Ltd.

Description ofBusinesses

Renovation businessIncorporation

July 2021

Purpose of Incorporation
・Started maintenance of aging highways and bridges using carbon fiber sheets in Thailand

・Public infrastructure investment in Thailand has grown remarkably in recent years, resulting
in an increase in demand for maintenanceTargetIn fiscal 2023, operating income from ASEAN renovation business will increase to 10% ofconsolidated operating income6Upgrading our proprietary “Ai-MAP SYSTEM”
Details

Characteristics

EffectSkill operationanalysis

Mount GPS cameras and sensors to a skilled person, or
analyze movies, behaviors, and sounds as data throughmovie shooting.

Inheritance ofskills

Infrastructurecommunication
management

Promoting the implementation and streamlining ofproduction management at remote sites through the useof telecommunications systems.

Productivity
improvement(New function)
Information sharing
management

Information can be shared with contractors andregulating authorities through system connections withoutside parties.

Productivity
improvement

Commercialization Initiatives
Survey of needs and formulation of business plan from local construction companies forcommercialization at present

7Promotion of Eco-Friendly ASANUMA21
Long-term targets for reducing ＣＯ２"ReduceＣＯ２ emissions per 100 million yen of construction to 50% by FY2030
and 70% by FY2050 compared to FY1990"

ＣＯ２ Emission basic unit（ｔ-CO2/100 million yen)

Trends in reducing CO235

Emission target

Emission target

▲40％

▲50％

18（t-CO2/100 million yen）

15（t-CO2/100 million yen）

30
25
20
15

Emission target

30（t-CO2/100 million yen）

9（t-CO2/100 million yen）

10

FY2020AchievResults▲44.6％

50▲70％（Base year of Emissions）

16.6（t-CO2/100 million yen）

1990

1995

2000

2005

2010

2015

2030

2020

2040

2050

Workshop guide8

Acquiring WELL Certificationas part of “ReQuality”
Published in Nihon Keizai Shimbun
on April 2, 2021

"Can humans become part ofnature?”
1F Entrance→

BeforeAfter

Terraces on each floor

Nagoya Branch Showroom started in September
Characteristics of Renovation Work
(Decarbonization and Recycling of Resources)
・WELL Certification (Assessment of buildings based on health/comfort standards) ispending.
Pre-certified
It was the first time in Japan to renovate the entire 30-year-old building and receive
official certification.
・Scheduled to acquire ZEBready certification (reduce energy consumption by 50% )TargetIn fiscal 2023, operating income from the Domestic Renovation Businesswill increase to 25% of consolidated operating income
9Reduction of Policy Holding Shares
・Listed stocks as strategic stockholdings

5.56 billion yen as of March 31, 2021

・Listed Stock Suitability Evaluation Criteria
Reduced when the benefit of dividends and construction gross profit isless than "cost of equity"
Result of sale FY2018-FY2020 Total 3.09 billion yen
Consolidated Net Assets Ratio
23.4% as of end March 2018 ⇒ Reduced to 13.3% as of end March 2021
・Benefit from stockholdings at end of March 2021 20.1% > Cost of equity 7.95%

TargetReduce Policy Holding Shares to less than 10% of consolidated net assets
by the end of March 202210

Corporate Governance and Others
Constitution ofthe Board

Constitution of theSupervisory Board

・Number of board members:９
・Ratio of outside directors: 1/3
・Including one female outside directors
・Number of board members:4
・Ratio of Outside Supervisory Board Members: 3/4
・Including one female outside members

System ofcompensating directors

・Introduction of a restricted transfer stock compensation
systemSelect prime market

・Confirmation of conformity with the listing maintenancestandards of the Prime Market in the New Market Segment
・At a meeting of the Board of Directors held on August 5,
a resolution was passed to select the "prime market"
・Promoting Responses to the Revision of the Corporate
Governance Code11

Newspaper articles
Apr.3,2021 Eco-friendly ASANUMA21
Apr.7,2021 Launch of “ReQuality” Recycling-Oriented ProjectMay.21,2021 New company established in Thailand

May.21,2021 The daily
Kensetsu-Tsushin Newspaper
Apr.3,2021 NIKKEI

Apr.7,2021 The daily Kensetsu-Tsushin Newspaper
12With Our Proud History,
Creating a Desirable Future

August 20, 2021
Contact
Corporate Communications Dept.
Tel 06-6585-5500

Fax 06-6585-5556