OBAYASHI CORPORATION

Obayashi Corporation, as described in this report, is a corporate group centered on its construction business, undertaking and executing building and civil engineering projects in Japan and overseas, as well as operating a real estate business. The Group comprises approximately 130 subsidiaries and equity-method affiliates, together with numerous overseas subsidiaries, and operates primarily through five reporting segments: Domestic Building, Overseas Building, Domestic Civil Engineering, Overseas Civil Engineering, and Real Estate. Through its overseas operations, centered in North America, Southeast Asia, and Oceania, the Group undertakes and executes construction projects and has built a diverse portfolio that includes overseas materials procurement, the introduction of environmental technologies, and PFI and renewable energy businesses utilizing local subsidiaries and special-purpose companies (SPCs). Through initiatives under its Medium-Term Management Plan, "Strengthening and Deepening the Foundation of the Construction Business," "Innovation in Technology and Business," and "Expanding the Business Portfolio for Sustainable Growth," the Group is working to optimize its business portfolio in response to changing market conditions in Japan and overseas, strengthen its supply chain, improve productivity through digitalization and the introduction of robotics, and promote the effective use of resources and decarbonization. As a subsequent event, the Group is currently pursuing large-scale M&A transactions, including the acquisition of GCON in the North American market.