SHINNIHON CORPORATION

新日本建設 is a corporate group whose principal businesses are construction and development. The group consists of the Company, 3 consolidated subsidiaries (㈱建研, ㈱新日本コミュニティー and ㈱新日本不動産), 2 non-consolidated subsidiaries (リハウスビルドジャパン㈱ and SHINNIHON AMERICA, INC.) and 3 associates (㈱ならしのスクールランチ, ＭＩＣＥ　IR千葉㈱ and ＰＦＩこしが教育推進整備㈱), for a total of 9 companies, and conducts business primarily in construction, development and related activities. The business segments are “Construction Business” and “Development and Other Businesses,” each of which corresponds to a reportable segment. The Construction Business includes the contracting, planning, design and execution of building and civil engineering works, while Development and Other Businesses includes the acquisition, subdivision, leasing and management of land. The status of related companies lists 8 companies in total: 3 consolidated subsidiaries, 2 non-consolidated subsidiaries and 3 associates. The 2 non-consolidated subsidiaries and 3 associates are omitted because they are not material. A business structure chart is provided, showing an integrated system that systematically encompasses both the construction and development businesses.