Risk of construction delays and cost increases due to large-scale natural disasters such as earthquakes and typhoons

「The Company ensures comprehensive safety measures against natural disasters of this kind through measures such as the Standards for Suspending Work in Bad Weather and the Manual for Countermeasures Against Abnormal Weather such as Typhoons. However, if a severe natural disaster occurs, construction progress may be delayed and restoration costs may be incurred, potentially affecting the Company's business development, financial condition and operating results.」

「The Company ensures comprehensive safety measures against natural disasters of this kind through measures such as the Standards for Suspending Work in Bad Weather and the Manual for Countermeasures Against Abnormal Weather such as Typhoons. However, if a severe natural disaster occurs, construction progress may be delayed and restoration costs may be incurred, potentially affecting the Company's business development, financial condition and operating results.」

「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」

「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」

「Although the Company has a substantial order backlog against a solid order environment, the start of large-scale projects decreased year on year, and construction delays caused by natural disasters resulted in lower revenue and profit year on year.」

「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」

「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」

「The Company ensures comprehensive safety measures against natural disasters of this kind through measures such as the Standards for Suspending Work in Bad Weather and the Manual for Countermeasures Against Abnormal Weather such as Typhoons.」

「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」

「During the cumulative third quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」

「During the cumulative first quarter, there were no material changes in the matters described in the quarterly report concerning the status of the business, financial matters, and other matters that could materially affect investors' decisions, nor in the material changes to the business and other risks described in the securities report for the previous fiscal year.」

「To ensure comprehensive safety measures against natural disasters of this kind, the Company implements measures suited to various stages of work at each site based on its site rules.」

「During the cumulative third quarter, there were no material changes in the matters described in the quarterly report concerning the status of the business, financial matters, and other matters that could materially affect investors' decisions, nor in the material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the cumulative second quarter, there were no material changes in the matters described in the quarterly report concerning the status of the business, financial matters, and other matters that could materially affect investors' decisions, nor in the material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the cumulative first quarter, there were no material changes in the matters described in the quarterly report concerning the status of the business, financial matters, and other matters that could materially affect investors' decisions, nor in the material changes to the business and other risks described in the securities report for the previous fiscal year.」

「If a large-scale natural disaster such as an earthquake or typhoon occurs, significant costs may be incurred, including costs to restore construction sites.」