Concentration of operations in southern Hyogo Prefecture and the Higashi-Harima region

「No new business or other risks arose during the interim consolidated accounting period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

「The Group is focusing on strengthening its sales activities in the Keihanshin and Nagoya areas and is working to minimize the risk of concentrating its operations in specific regions.」

「The Group is focusing on strengthening its sales activities in the Keihanshin and Nagoya areas and is working to minimize the risk of concentrating its operations in specific regions.」

「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」

「The Group is focusing on strengthening its sales activities in the Keihanshin and Nagoya areas and is working to minimize the risk of concentrating its operations in specific regions.」

「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」

「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」

「The Group's construction business has a substantial concentration of orders in southern Hyogo Prefecture, primarily in the Higashi-Harima region. If the economy in that region declines significantly relative to the national economy, resulting in a substantial decrease in private construction demand or public works ordered by government agencies, this could affect the Group's operating results.」

「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「The Group's construction business has a substantial concentration of orders in southern Hyogo Prefecture, primarily in the Higashi-Harima region. If the economy in that region declines significantly relative to the national economy, resulting in a substantial decrease in private construction demand or public works ordered by government agencies, this could affect the Group's operating results.」

「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」

「The Group's construction business has a substantial concentration of orders in southern Hyogo Prefecture, primarily in the Higashi-Harima region. If the economy in that region declines significantly relative to the national economy, resulting in a substantial decrease in private construction demand or public works ordered by government agencies, this could affect the Group's operating results.」

「The Group's construction business has a substantial concentration of orders in southern Hyogo Prefecture, primarily in the Higashi-Harima region. If the economy in that region declines significantly relative to the national economy, resulting in a substantial decrease in private construction demand or public works ordered by government agencies, this could affect the Group's operating results.」