Deficiencies in Practical Experience Requirements for Qualification Acquisition at 西武建設 and Other Companies, and Risk of Supervisory Action

「Regarding issues involving inadequate practical experience at the time of obtaining qualifications, including construction management engineer qualifications, in 西武建設株式会社 and other consolidated subsidiaries, following an investigation by a third-party investigation committee, on 12 March 2021 we reported to the Ministry of Land, Infrastructure, Transport and Tourism the contents of the committee's investigation report, including the results of third-party quality verification, as well as measures to prevent recurrence. However, if the Ministry of Land, Infrastructure, Transport and Tourism imposes administrative sanctions on 西武建設株式会社 or other companies in connection with this matter, or suspends their designation for directly administered construction projects and other work in conjunction with such sanctions, this could affect the Group's operating performance and financial position.」