Securities Report - 129th Fiscal Period (2025/04/01 - 2026/03/31)

Kajima Corporation Securities Report – 129th Fiscal Period (2025/04/01 – 2026/03/31)

This document is the Securities Report prepared by Kajima Corporation for the 129th fiscal period from April 1, 2025 to March 31, 2026, in accordance with the Financial Instruments and Exchange Act. The purpose of this report is to provide investors and other stakeholders with accurate and comprehensive information regarding the company’s financial condition, operating results, management policies, risk factors, and future outlook.

Since its establishment, Kajima Corporation has operated as a leading general contractor in Japan’s construction industry, delivering high-quality building and civil engineering projects, infrastructure development, and real estate development both domestically and internationally. This report details the company’s performance overview for the 129th fiscal period, financial position analysis, responses to changes in the business environment, initiatives toward achieving a sustainable society (ESG), and future growth strategies.

On the financial front, key metrics disclosed include net sales, operating income, net income, capital, net assets, liabilities, and cash flow. The report also provides segmented performance data (such as building construction, civil engineering, real estate, and overseas operations), enhancing transparency in the company’s business structure.

In terms of management strategy, Kajima emphasizes the utilization of digital technologies (BIM/CIM, IoT on construction sites, AI-based construction management), productivity enhancement, work-style reforms, contributions to carbon neutrality, strengthening disaster prevention and mitigation infrastructure, and participation in smart city development. In response to structural challenges in the construction industry—such as labor shortages and an aging workforce—the company is accelerating the adoption of robotics and automation technologies to improve both efficiency and safety at construction sites.

Regarding overseas operations, Kajima is actively involved in infrastructure development projects in Southeast Asia, the Middle East, and North America. Through strengthening its global network, the company aims to diversify its revenue base. Going forward, it will continue to build international partnerships and enhance local subsidiaries to achieve sustainable overseas growth.

Identified risk factors include fluctuations in raw material prices, exchange rate volatility, natural disasters, labor shortages, regulatory changes, and economic downturns. For each of these, the company has established risk management systems. In particular, concerning climate-related risks, Kajima is disclosing information in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

From an ESG management perspective, under Environment (E), the company is advancing initiatives such as CO2 emission reduction targets, adoption of renewable energy, design and construction of energy-efficient buildings, and improvement of waste recycling rates. Under Social (S), it promotes diversity, women’s active participation, strengthened safety and health management systems, and community contribution activities. Under Governance (G), it ensures board independence, strengthens internal controls, and enforces compliance systems.

Regarding future outlook, the report outlines consolidated net sales targets and operating profit margin improvement goals for the fiscal year ending March 2026, as well as investment plans in R&D, capital expenditures, and potential M&A activities. Additionally, the company discusses shareholder return policies, including the continuation of dividend payments and the possibility of stock splits.

This report is publicly available through EDINET (Electronic Disclosure for Investors' Network) operated by the Tokyo Stock Exchange and on the Investor Relations section of the company’s official website. Investors and stakeholders are encouraged to refer to this report for the latest management information.