Restructuring of the Consolidation and Equity-Method Scope in Connection with the Integration of JFE’s Water Business

A series of consolidation-scope restructuring initiatives triggered by the integration of JFE’s water business, involving the addition of the successor company and SPCs for PFI, DBO and other projects as consolidated subsidiaries, and the inclusion of 浜松ウォーターシンフォニー within the scope of equity-method accounting.