Financial Results Briefing for
the Third Quarter of the Fiscal YearEnding March 31, 2022
With Our Proud History,
Creating a Desirable Future

February 18, 2022 (Friday)
Asanuma Corporation
Securities Code :1852

This material contains forward-looking statements regarding
the Company's business performance and future prospects.
These statements are based on currently available information
and assumptions regarding uncertain factors that may affectthe future. Actual results may differ materially from thesestatements due to various factors.

With Our Proud History,
Creating a Desirable Future1

Table of Contents
Page

ItemP3Current status of the Third Quarter of the Fiscal Year Ending March 2022

P4

Current Status of Renovation

P5

Major Measures in the Three-Year Medium-Term Plan

P6

Progress of the Three-Year Medium-Term Plan ①
Continue to strengthen renovation business in ASEAN region

P7

Progress of the Three-Year Medium-Term Plan ②
Promoting "ReQuality" Renewal Brand Strategy

P8

Progress of the Three-Year Medium-Term Plan ③
Expanding seismic technology and upgrading seismic isolation and shock control technologies

P9

Progress of the Three-Year Medium-Term Plan ④
Promoting cooperation with subcontractors
Promoting the Utilization and Introduction of ICT-Related Systems

P10

Progress of the Three-Year Medium-Term Plan ⑤
Momentum to improve corporate reputation through non-financial management activities(ESG, SDGs, etc)

P11

Revised the Three-Year Medium-Term Plan ①
Revision of the funding plan

P12

Revised the Three-Year Medium-Term Plan ②
Revision of Return Plan to Shareholders

P13Topix2

Current status of the Third Quarter of the Fiscal
Year Ending March 2022
(Unit: 100 million yen)

Major Indicators(Consolidated)

FY2021

FY2020
Full year
Results

3Q
Results

Jan-MarResults

Full year
Plan3QResults

YoYJan-Mar
Forecast

Orders received

1,206835

371

1,321721△114600

Completed
construction
contracts

1,378976402

1,390955△21435Gross profit oncompleted construction
contracts

136973913690△746Rate

9.9%

10.0%

△0.1P

9.8%

9.5%

△0.5P

0.3P

SGA cost

8761268664322

Operating income

5339145328△1125

Extraordinary
gain/loss

770100△710Profit attributable toowners of parent

4130

114218△1224

Dividend

257 yen

Net income

363 yen3Current Status of Renovation(Unit: 100 million yen)Domestic Building Investment Renovation
FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY202275,28473,62976,10378,28279,00072,90075,40078,300Investment

By Reserch Institute of Construction and Economy

Domestic building renovation
FY2021
Orders received
NET SALES
Operating income

TargetFY2022

FY2023Full year
Plan

3Q
results

Full year
forecast

YOY

Plan

Plan

200
200
12.0

124
121
8.3

164
164
9.8

△36△36△2.2

250
250
14.5

300
300
17.4

In fiscal 2023, operating income from the Domestic Renovation Businesswill increase to 25% of consolidated operating income.

ASEAN renewal
FY2021
Orders received
NET SALES
Operating income

TargetFY2022

FY2023Full year
Plan

3Q
results

Full year
forecast

YOYPlanPlan

14180.5

17130.1

32
250.5

1870.0

65
63
5.6

66
66
6.3

In FY2023, operating income from the ASEAN’s Renovation Businesswill increase to 10% of consolidated operating income.
4Major Measures in the Three-Year Medium-Term
Plan― Basic Policy ―"Challenge change" by deeping dive into the unique characteristics of ASANUMA 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.

Take on thechallenge
Changes inthe externalenvironment

1. Continue to strengthen renovation business in ASEAN region.
2. Promoting "ReQuality" Renewal Brand Strategy.
3. Strengthen initiatives for disaster prevention and mitigation and national
resilience-related projects by expanding seismic technologies and upgrading
seismic isolation and shock control technologies .

★ Decline in the productive labor force in the construction sector.
1. Promoting cooperation with subcontractors.
2. Promoting the Utilization and Introduction of ICT-Related Systems.

★

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": Reduction of Policy Holding Shares.
5

Progress of the Three-Year Medium-Term Plan ①
Continue to strengthen renovation business in ASEAN region
Acquisition of subsidiaries
NameEvergreen Engineering & Construction Pte. Ltd.

AddressSingapore

Description ofBusinesses

Building construction, mechanical and electrical engineering services, maintenanceservices

Equity stake

January 2022 Acquired 80% of shares
April 2024 Scheduled to acquire 20% of shares

Reasons for Acquisition

Strengthen renovation business in ASEAN region.

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 in Thailand6Progress of the Three-Year Medium-Term Plan ②
Promoting "ReQuality" Renewal Brand Strategy
First renovation of the Nagoya Branch of "ReQuality"
・Under the theme of "Creating a Better Cycle“.
Environmentally conscious renewal using natural materials .(Soil and Wood)
・Reduce CO2 emissions by 85% compared to rebuilding as a new building.
・Acquired ZEBready certification to reduce energy consumption by 52%
compared to pre-renovation.
・Scheduled to acquire WELL certification for assessing buildings based onhealth/comfort standards. (It was the first time in Japan to renovate the entire
30-year-old building and receive official certification.)

Diverse proprietary techniques of "ReQuality"

Healthcare Space
Retrofit

Soil wall construction
systemEnvironmental simulation
technology

7

Environmentally
Conscious Concrete

Seismic monitoring system

Progress of the Three-Year Medium-Term Plan ③
Expanding seismic technology and upgrading seismic isolation and shock control
technologies
Development of new construction methods and design methods for large distribution
warehouses〇 Development of Column RC Beam S Hybrid
Construction Method・Cost can be reduced by about 10% in the framecompared with the S structure .(steel frame structure)・Large span space is possible by utilizing thecharacteristics of S structure.

〇 Development of design method using
energy method to Optimize Vibration Structure

・Improves vibration control efficiency and reduces costs.
・New design method that makes effective use of vibration
dampers and achieves both superior seismic resistance andeconomic efficiency in comparison with the general design
method.
The building absorbs the energy that acts during an earthquakeby shaking it.
Amount of energy thata building can absorb

Joint Details of Column RC
Beams S Hybrid Construction
Method〇 Development of rationalization method forsteel frame construction

Development of various methods that can reduce
the amount of steel used in steel frames.
8>

Amount of energy thatacts on buildings during
an earthquake

Progress of the Three-Year Medium-Term Plan ④
Promoting cooperation with subcontractors
Promotion of theConstruction Carrier-Up
System (CCUS)〇To improve the attractiveness of the construction industry, this system aims toimprove the treatment of construction technicians, clarify the career paths,
and visualize construction capabilities.
・Support Secretariat established from October 1, 2021 to March 31, 2022
・Implementation of online briefing sessions (six times from September toDecember)

Introduction of CI-NET
systems〇In order to improve the productivity of the construction industry as a whole,
we are introducing a system (CI-NET) that enables various companies toexchange information such as contracts, estimates, volume, and billing.

Awards and presentation
sessions for productivity
improvement measures atwork sites〇Joint efforts with subcontractors to raise productivity at various worksites,
commendation, and presentation sessions.(Octorber 29,2021)(cost reduction, shortening of construction period, etc.)

Promoting the Utilization and Introduction of ICT-Related Systems
Establishment of DX
Promotion Committee〇Company-wide centralized management organization to promote theintroduction of construction-related digital technologies and systems
9

Progress of the Three-Year Medium-Term Plan ⑤
Momentum to improve corporate reputation through non-financial management
activities (ESG, SDGs, etc)
Enhancing corporate governance
Sustainability Initiatives〇Sustainability Promotion Committee established (November 2021)
・Promotion of environmental management (introduction and development of environmentaltechnologies, examination of non-financial KPIs)〇Activities related to TCFD (Task Force on CLIMATE-RELATED FINACIAL DISCLOSURES)
・Supporting TCFD recommendations (November 2021)
・Participation in TCFD Consortium
・Started disclosing climate-related information in line with TCFD recommendations(governance,risk management, strategy, metrics and targets)

TCFD
metrics
andtargets

In the revision of “Eco-Friendly ASANUMA21” inApril 2021, we set a medium-to long-term targets of"ReduceCO2 emissions per 100 million yen ofconstruction to 50% by FY2030 and 70% by FY2050
compared to FY1990", and are promoting efforts todecarbonize our business activities.
10Revised the Three-Year Medium-Term Plan ①
Revision of the Fund Injection Plan
Shareholder returns increased due to a reduction in the initial funding plan following areview and revision of the overall funding plan, including investments associated with thepromotion of concession business and other initiatives, and investments related totechnology development and ICT-related investments, in light of the finalization of a portionof the investment amount for "investments related to new domains (expansion of ASEAN
regional renewal business, promotion of concession business, etc.)."

Beforecorrection◆ Technology and research, ICT: ¥3 billion◆ Investment related to new areas : ¥5 billion
Total ¥8 billion

Aftercorrection◆ Technology and research, ICT: ¥2.9 billion◆ Investment related to new areas : ¥3.4 billion
Total ¥6.3 billion
11

Revised the Three-Year Medium-Term Plan ②
Revision of Return Plan to Shareholders
Revision of Dividend Plan per ShareFY2021

FY2022

FY2023

Beforecorrection

We will maintain a consolidated dividend payout ratio of over 50%.

Aftercorrection

We aim for a consolidated dividend payout ratio of over 70%.

260 yen

274 yen

363 yen

382 yen12282 yen
395 yenTopix2021/11/11 The daily Kensetsu-Tsushin Newspaper

Renovation articles at Nagoya Branch・SHINKENCHIKU 2021 10

Other media
・NIKKEI ARCHITECTURE 2021 11-11
・FRAU 2022 JAN.1
13

With Our Proud History,
Creating a Desirable Future

February 18, 2022
Contact
Corporate Communications Dept.
Tel 06-6585-5500

Fax 06-6585-5556