Securities code： １８７８

46th DAITO REPORT

FY2019 (April 1, 2019 ▶ March 31, 2020)

CONTENTS An Exhibition Place That Showcases TO OUR SHAREHOLDERS・・・・・・P1 Daito Trust Construction’s FINANCIAL HIGHLIGHTS・・・・・・P3 Approach to Housing and Lifestyles (CONSOLIDATED) CONSOLIDATED FINANCIAL STATEMENTS・・ P4 BUSINESS SEGMENT(CONSOLIDATED)・・・・・・P5 PLAN FOR THE 47TH FISCAL TERM/ SHAREHOLDER RETURNS ・・・・・・P7 REPORT ON PROGRESS MADE IN IMPLEMENTATION OF THE NEW FIVE-YEAR PLAN・・ P8 POSITION WITHIN THE INDUSTRY・・・・・ P9 REPORT・・・・・・P 11 TOPICS ・・・・・・P 12 SHAREHOLDER BENEFIT PLAN・・・・・・P 15 CORPORATE DATA/ OFFICERS/ MAIN GROUP COMPANIES ・・・・・・P 17 THE COMPANY’S STOCK/ ・・・・・・INFORMATION FOR SHAREHOLDERS P18 TO OUR SHAREHOLDERS

Greeting

I would like to express my gratitude to our continue to be an enterprise that people trust. stakeholders and investors for their continued More information about the Daito Group’s basic support. strategy for responding to the COVID-19 epidemic, Currently, the novel coronavirus disease and about the measures that we have (COVID-19) epidemic is still raging throughout implemented so far, can be found on the following the world. I would like to offer my heartfelt page. sympathy to everyone who has been afflicted by Regarding our operating results in this COVID-19, and to their family members, and to consolidated fiscal term, in the rental housing express my condolences to the families of all those sector which constitutes the Daito Group’s main people who have died as a result of the epidemic. business area, although the number of rental For the Daito Group, the health and safety of our housing starts fell by 14.2% year-on-year to stakeholders and employees is our highest priority, 334,000 units due to tighter financing by financial and so besides implementing measures such as institutions, the Group nevertheless reported a temporary office closures and the introduction of profit increase for the 12th consecutive fiscal term. teleworking, etc., we have also been ensuring that While keeping a close eye on future developments adequate measures are taken to prevent the spread relating to the COVID-19 epidemic, we will of the disease in services that are vitally important continue to strengthen our initiatives in the rental to people’s daily lives, such as our rental housing housing sector, and we will also be taking up the management business, while scaling back our challenge of proactively developing new business operations in these areas. In the future, while our areas. business activities will be affected by various I look forward to your continued support in the constraints relating to COVID-19, we will future. nevertheless be doing our utmost, on a continuing basis, to help people maintain, restore and enhance their lifestyles, in accordance with the Katsuma Kobayashi policies laid down by the central government and President and Representative Director, Chief Executive Officer Daito Trust Construction Co., Ltd. by local government authorities, so that we can June 2020

－ 1 － The Daito Group’s Basic Strategy for Responding to Epidemics

Taking our unique business continuity plan (specially formulated to take account of the impact of epidemics) as the core TO OUR SHAREHOLDERS element in our basic strategy, as outlined below, the Daito Group has established a COVID-19 Response Headquarters, and has worked tirelessly to protect our employees from being infected with COVID-19 and prevent the disease from spreading. ① Safeguarding the lives and health of our employees and their family members >＞ Our highest priority is to safeguard the lives and health of the employees who are so vital to the survival of our enterprise, and of the family members who provide support for our employees. ② Implementing important operations that need to be maintained >＞ We have continued to implement those business activities that are necessary for us to fulfil our corporate social responsibility, and which are vital for the survival of the Company and of the Daito Group as a whole. ③ Being accountable to stakeholders >＞ We have been disclosing the information that stakeholders need in a timely, appropriate manner. ④ Striving to prevent the spread of the COVID-19 >＞ Responding to the current situation, in which business enterprises have been asked to scale back their activities as far as possible, we have temporarily put on hold those operations that can be halted in this way, and we are doing our utmost to help prevent the spread of the COVID-19.

Responding to the Impact of the Spread of the COVID-19 We have responded to the sudden deterioration in the economic environment and in the employment situation by providing tenants with rent deferrals and gas bill deferrals. By carefully monitoring the constantly changing circumstances, we will be able to introduce new measures to support our customers in a timely manner in the future.

Response measure Scope Content

● Rent, parking charge, common area maintenance (CAM) fees, residents’ Individual and corporate tenants of rental association fees (up to a maximum of three months) Rent payment deferral ● Payment in installments up to a maximum of two years properties managed by the Daito Group * If the tenant vacates the premises within two years, the outstanding amount must be paid in a lump sum at the time of vacating the premises.

All customers being supplied with gas by ● Standard 5% discount on the basic gas charge (tax excluded) for the period of Gas bill discount the Gaspal Group (customers using liquefied June‒August 2020 petroleum gas [LP gas] or e-Heya Gas [municipal gas])

Customers being supplied with gas by the ● Gas bill for a period of up to three months Gaspal Group who are experiencing Gas bill payment deferral ● Deferral of the due date for gas bill payment for up to two years difficulty in paying their gas bill

● Donation of 50 million yen* from the Daito Group Donations Medical Association ● Collecting donations from Daito Group employees * The total amount of employee donations, plus a matching sum from the Daito Group.

• On construction sites, we are implementing infection prevention measures̶such as the distribution of face shields, etc.̶while also taking into account the requirements of heatstroke prevention in the summer months. • We are proactively utilizing video-telephony etc. for house-viewing, contract signing and other activities relating to house-finding. • We are distributing discount coupons for REACH STOCK* website to tenants of buildings managed by the Daito Group, as a service for tenants which also helps to support producers of agricultural products, etc. that have been severely affected by the COVID-19 epidemic. * REACH STOCK is a website that makes it easy and convenient for ordinary consumers to purchase agricultural products supplied directly from the producer, of the kind used by professional chefs.

－ 2 － FINANCIAL HIGHLIGHTS (CONSOLIDATED)

Operating results for the 46th fiscal term(April 1, 2019 - March 31, 2020)

The consolidated results for the Daito Group for the period under review were as follows. The Group reported net sales of 1,586,293 million yen (down 0.3% year-on-year), operating income of 127,956 million yen (up 0.7%), ordinary income of 133,028 million yen (up 0.6%) and net income attributable to owners of the parent company of 90,380 million yen (up 0.5%). Although revenue fell, profit increased for the 12th consecutive fiscal term. In response to these results, the year-end cash dividend was increased by 36 yen from the previous year to 345 yen per share.

Net income Net sales Operating attributable to ¥1,586.2 billion income ¥127.9 billion owners of the parent ¥90.3billion

(billions of yen) (billions of yen) (billions of yen)

YoY YoY 2,000 160 120 YoY ％ ％ -0.3 +0.7 +0.5％ 127.9 1,557.0 1,591.1 1,586.2 126.3 127.0 90.3 1,497.1 120.1 87.8 89.9 1,500 1,411.6 120 90 82.1 101.0 67.2

1,000 80 60

500 40 30

42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term

－ 3 － CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL HIGHLIGHTS / CONSOLIDATED STATEMENTS Consolidated income statement Consolidated balance sheet Cash flow statement (Millions of yen) (Millions of yen) (Millions of yen)

Preceding Fiscal Preceding Fiscal Preceding Fiscal fiscal year year fiscal year year fiscal year year Account item Account item Account item From April 1, 2018 From April 1, 2019 As of March 31, As of March 31, From April 1, 2018 From April 1, 2019 to March 31, 2019 to March 31, 2020 2019 2020 to March 31, 2019 to March 31, 2020

Cash flows from Net sales Current assets 1,591,178 1,586,293 1 484,700 490,604 operating activities 71,982 102,129 5 Cash flows from Cost of sales Noncurrent assets 1,295,134 1,303,829 375,071 389,684 investing activities 82 △18,301 6 Assets Cash flows from Gross profit Total assets 296,044 282,463 859,772 880,289 2 financing activities △97,670 △111,410 7 Selling, general and Translation differences in accordance Current liabilities administrative expenses 168,996 154,506 290,155 318,519 with the cash and cash equivalents △494 △130 Increase or decrease in cash Operating income Noncurrent liabilities 127,047 127,956 267,318 275,609 and cash equivalents △26,100 △27,711

Liabilities Cash and cash equivalents Non-operating income Total liabilities 6,059 6,209 557,473 594,128 3 at beginning of year 213,714 187,614 Cash and cash equivalents Non-operating expense Shareholders' equity 867 1,137 305,988 295,929 at end of year 187,614 159,902

Ordinary income 132,240 133,028 Capital stock 29,060 29,060 POINT Extraordinary income 1,126 982 Capital surplus 34,540 34,540 1 Although revenue fell, profit increased for the 12th consecutive fiscal term. Extraordinary loss 1,024 997 Retained earnings 297,952 243,349 Although cash and deposits decreased, total assets increased due to increases in 2 operating loans, deferred assets, completed construction receivables and other assets. Profit before taxes and Treasury stock other adjustments 132,342 133,014 △55,565 △11,021 Although long-term loans payable decreased, total liabilities increased as a result of 3 an increase in advances received, in provision for repairs on whole-building leases, Accumulated other and in accounts payable for construction contracts and other factors. Income taxes 41,982 42,299 △7,071 △13,412 Net assets comprehensive income Although net assets increased due to reporting of profit attributable to owners of the 4 parent company, there was a decrease in acquisition of treasury stock and in the Net income 90,359 90,714 Stock acquisition rights 491 482 amount of dividend paid.

Net income attributable to 5 Although payment of corporate income taxes and operating loans increased, be- Non-controlling interests cause of an increase in the amount net income before taxes and other adjustments non-controlling interests 428 334 2,889 3,161 that was reported, as well as an increase in advances received and an increase in provision for repairs on whole-building leases, etc., 102.1 billion yen was acquired Net income attributable to from cash flows from operating activities. owners of the parent 89,930 90,380 1 Total Net Assets 302,298 286,161 4 6 Although income was received from the sale of securities and from redemptions, Total liabilities and 18.3 billion yen was used for the acquisition of fixed assets and for the acquisition of net assets 859,772 880,289 securities. Although income was received from long-term loans, 111.4 billion yen was used in fi- 7 nancing activities, including acquisition of treasury stocks, payment of dividends and repayment of long-term loans, etc.

－ 4 － BUSINESS SEGMENT (CONSOLIDATED) (April 1, 2019 to March 31, 2020) BUSINESS SEGMENT (CONSOLIDATED) Construction Business Real Estate Business Other Businesses

Net sales Net sales Net sales Sales Sales Sales composition composition composition billion ratio billion ratio billion ratio ¥551.1YoY △9.6% ¥973.6YoY +5.4% ¥61.4YoY +7.3% ％ ％ ％ Gross profit 34.7 Gross profit 61.4 Gross profit 3.9 ¥159.1billion ¥98.7billion ¥24.6billion ■Net sales from completed construction contracts were 551.1 ■Orders received decreased by 18.3% to 519.2 billion yen, ■Net sales increased by 5.4% year-on-year to 973.6 billion yen as a ■The occupancy rate of leased residential properties as of ■Net sales increased by 7.3% year-on-year to 61.4 billion yen. The ■Net sales in the LP gas supply business increased 8.5% to billion yen, down 9.6% year-on-year. and the construction order balance declined 7.2% to result of higher rental income in conjunction with an increase in March 2020 decreased by 0.2 percentage points to 97.2%, main positive factors were growth in the number of households 29.1 billion yen. Net sales in the day service and childcare ■The gross profit margin of completed construction projects 829.9 billion yen. integrated rental properties using the Lease Management Trust while the occupancy rate of leased commercial properties supplied with LP gas by the Gaspal Group, and an increase in the business were up 7.8% to 13.2 billion yen. decreased by 1.2 percentage points year-on-year to 28.9% due System as well as higher income from the Guarantor-free Service. decreased by 0.1 percentage points to 98.7%, which number of users of facilities operated by Care Partner Co., Ltd., to factors that included a relative increase in the fixed ratio due to ■The number of tenants recruited* was up 3.6% year-on-year to represents the continued maintenance of respectable rates. which provides daycare services to seniors who require care. the fall in net sales from completed construction contracts. 334,884. * Total number of properties of Daito Kentaku Leasing Co., Ltd. and Daito Kentaku Partners Co., Ltd. (including properties of other companies)

■Net sales in the LP gas supply business YoY ■Completed construction contracts ■Gross profit ●Gross profit margin ■Construction orders received ■Net sales ■Gross profit ●Gross profit margin ●Occupancy rate of leased residential properties ■Net sales ■Gross profit ●Gross profit margin ■Gross profit in the LP gas supply business YoY ％ YoY +8.5 (billions of yen) YoY (billions of yen) (billions of yen) 973.6 (billions of yen) (billions of yen) △ ％ 29.1 623.9 627.6 △ ％ 18.3 P DOWN 30 YoY 609.7 9.6 800 693.0 924.1 100％ 0.2 61.4 26.8 595.3 655.2 651.0 25.4 25.0 600 60％ 635.2 900 60 60％ 23.5 871.3 YoY 57.9 57.2 ％ 600 519.2 97.4 +13.4 551.1 824.6 96.9 97.2 97.2 YoY 20 ％ 97.5％ 96.8 14.2 400 774.8 +5.4 10.7 12.2 ％ 8.9 9.6 50％ 48.5 +7.3 50％ 10 200 95％ YoY 41.4 YoY 400 42nd 43rd 44th 45th 46th 600 20％ 42nd 43rd 44th 45th 46th 40 40％ 42nd 43rd 44th 45th 46th P Term Term Term Term Term 37.5 40.8 40.0 Term Term Term Term Term DOWN1.2 Term Term Term Term Term P DOWN0.8 31.7 31.5 30.1 YoY 35.3 ■Net sales in the day service/childcare business 29.6 28.9 30％ ■Construction order balance ●Occupancy rate for leased commercial properties 31.4 30％ ■Gross profit in the day service/childcare business P UP YoY (billions of yen) 0.5 23.3 24.6 (billions of yen) 13.2 10.1 20.4 197.6 197.5 891.1 896.4 895.3 894.2 9.6 11.6 12.2 ％ 200 176.2 183.7 20％ 829.9 300 8.8 9.1 10％ 100％ 20 12 11.4 +7.8 98.8 98.7 YoY 159.1 800 8.1 98.2 98.3 98.4 15.5 15.2 9.7 600 YoY ％ 97.5％ +5.4 8 YoY YoY 10％ 400 ％ YoY △7.2 88.9 98.7 ％ ％ 62.6 72.7 79.0 4 +5.4 △13.4 200 95％ P DOWN 0.1 0.9 1.3 1.3 1.3 1.4 YoY 42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th ％ 42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th 42nd 43rd 44th 45th 46th Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term +11.0 Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term

－ 5 － － 6 － PLAN FOR THE 47TH FISCAL TERM (FISCAL YEAR ENDING MARCH 2021)

Due to the impact of the COVID-19 epidemic, it is currently difficult to anticipate future trends or progress with any clarity. It is therefore difficult, at the present time, to make reasonable forecasts regarding the Daito Group’s performance, and so a whole-year plan for the next fiscal term has not yet been finalized. Once the outlook has become clearer, our plan for the next fiscal term will be announced at the earliest possible opportunity.

SHAREHOLDER RETURNS The Company recognizes profit returns to shareholders as the most important management matter and practices it.

Dividend, dividend payout ratio and total shareholder Fundamental Policy return ratio

■■Dividend ●Dividend payout ratio ●total shareholder return ratio Payout ratio of % (yen) （％） 50 750 150 653 Annual dividend (fiscal year ending March 2020) 606 616 600 583 125 536 115.7＊ Plan per share Results per share

¥616 ¥653 450 Undecided 100 Acquisition and (¥47 increase YoY) 96.5＊ retirement of treasury stock has been (Interim dividend: ¥308; 80 suspended for year-end cash dividend: ¥345) 300 the time being. 75 Payout ratio of % 50 50 50 50 50 50 150 50 Dividend plan for the fiscal year ending March 2021

Regarding the dividend for the next fiscal term, this will be decided on in accordance with our 2017/3 2018/3 2019/3 Plan Results 2021/3 long-standing dividend policy of seeking to have a dividend payout ratio of 50%. However, as it 2020/3 Plan has currently not been possible to determine the estimated amount of funds available for dividend payment, the anticipated interim dividend, year-end cash dividend and total annual * In the fiscal year ending March 2020, we acquired treasury stock totaling 59.1 billion yen (4,167,000 dividend have not yet been finalized. In the future, once it becomes possible to make a shares). With the addition of the 40.9 billion yen (2,542,000 shares) of treasury stock that was reasonable forecast, a forecast will be announced as soon as possible, while taking a cautious acquired in the fiscal year ending March 2019, as of March 31, 2020 we had completed the retirement stance in regard to the impact of the epidemic on the Group’s results. of treasury stock totaling approximately 100 billion yen (6,709,000 shares).

－ 7 － REPORT ON PROGRESS MADE IN IMPLEMENTATION OF THE NEW FIVE-YEAR PLAN

Measures implemented in FY 2019 (Summary) Becoming a Company That Is Further reinforcement of the rental housing business as our core business PLAN FOR THE 47TH FISCAL TERM / SHAREHOLDER RETURNS NEW FIVE-YEAR Entry into the rental housing Commencement of the sale of detached renovation business. house type rental housing products to Entrusted with Dreams and Launch of related business operations develop a new potential customer segment. in 32 prefectures. Futures and Can Maintain Continuous Growth Lifestyle Support Service Business

Asset Major issues management Product platform Comprehensive sales Establishment of an e-Heya Net office Brokerage services for rental housing etc. Leasing Business in Shanghai to act as a contact window for foreign Launched throughout Japan Further reinforcement of Domestic nationals looking for accommodation in Japan, with an initial 20 branches. the rental housing business and overseas Commercial and provide support for people seeking real estate and logistics investments facilities accommodation in Japan from overseas. as our core business In-home Power * Assistance can be provided in nursing care generation and sales relation to the sale of

properties managed by the 施設 Company, for property

Entry into new rental business Overseas Core Business Insurance/ ・ 流 業・物 商 owners wishing to sell business (Rental housing sector) settlement because of concerns about other than rental housing development services inheritance, etc. (expand business segments to become Construction/Real Estate a general rental business) Day Water services Hotels Rental and offices Entry into new rental business other than rental housing Reinforce and expand dormitories community-based Overseas e-Heya Senior Establishment of a joint venture company Acquisition of real estate property located in lifestyle support services housing Gas Daycare subsidiaries supply between Daito Trust Construction the 8-chome neighborhood of ’s Ginza district. and JustCo, Asia’s largest flexible workspace* The tenant has leased this property to provider. Commissions operate the Remm Plus Ginza hotel. Housekeeping and services subscriptions * Office business that aims to flexibly meet the needs of a

g wide range of working styles n i d (including co-working space s e u r o e provision, rental meeting h t l n a e room provision, etc.) t c 50th fiscal term (FY 2023) n y e n r a n s o p s Net sales: ¥2,200 billion s m e u o in c c s fo rt u o b Operating income: ¥180 billion ve p g si p in lu su s Reinforce and expand community-based lifestyle support services c e ea ex yl l t ve an es si lif n om l he fr ta re ift to p Establishment of a business tie-up with Air Trunk. Sh a om Entry into the renewable energy business. me c co n a Launching of express delivery style be o (acquisition of Mega-Solar solar panels) to self-storage service, with free delivery.

Specialized 46th fiscal term (FY 2019) rental housing business Net sales: ¥1,586.2 billion Operating income: ¥127.9 billion

－ 8 － POSITION WITHIN THE INDUSTRY

For 11 Ranking of 276 Leading Suppliers of Detached For 23 Rankings Cover 3,700 Real Estate Companies Consecutive Consecutive Years Houses and Condominiums Years Nationwide No.1 Nationwide Detached House No.1 Rental Housing Supplier Rankings Management Rankings

The Daito Group’s housing supply of 60,429 units in FY 2018 placed the Group in The Daito Group had 1,086,927 rental housing units (for residential purposes) the number one position in the FY 2018 Nationwide Detached House Supplier under management as of the end of March 2019, placing it in first place in the 2019 Rankings. Rental Housing Management Rankings of 995 Companies announced by the The ranking is prepared by the Market Economy Research Institute Ltd. based on Weekly Zenkoku Chintai Jutaku Shimbun. annual investigations of the construction results and sales plans of leading This is a ranking of 995 responding companies that manage 300 or more rental condominium and house (detached houses and rental housing) suppliers housing units based on a survey of approximately 3,700 real estate companies nationwide. This year’s ranking covered 170 house suppliers and 106 located nationwide conducted by the newspaper regarding the number of rental condominium suppliers. The Daito Group was ranked number one for the 11th housing units under management as of the end of March 2019. The group has been consecutive year. in the number one position of this ranking for 23 consecutive years since 1997.

For 11 For 23 Consecutive Consecutive FY 2018 Nationwide Detached House Supplier Rankings Years 2019 Rental Housing Management Rankings Years (FY 2018 results/top five) No.1 of 995 Companies (units managed/top five) No.1 Daito Trust 1 1 Daito Group Construction Co., Ltd. 60,429units 1,086,927units

Daiwa House Industry Co., Ltd. 2 46,621units 2 Group 619,494units

Sekisui House, Ltd. 3 41,137units 3 Leopalace21 Corporation 574,798units

Asahi Kasei Homes Corporation 4 16,590units 4 Daiwa Living Co., Ltd. 564,437units

Toyota Housing Corporation 5 15,286units 5 Starts Group 540,806units

Source: Real Estate Economic Institute Co., Ltd. and Market Economy Research Institute Ltd. press release of July 25, 2019. Source: Weekly Zenkoku Chintai Jutaku Shimbun (issued by Zenkoku Chintai Jutaku Shimbun Co., Ltd.), July 15, 2019

－ 9 － POSITION WITHIN THE INDUSTRY

For 10 Rankings Cover 401 Real Estate Companies Nationwide For 9thth Consecutive Consecutive Years 2020 Rental Housing Unit Times (10th(10th time)time) Selected as an Outstanding No.1 Brokerage Ranking No.1 Disclosure Enterprise by More by Number of Units Than 500 Securities Analysts

The 233,277 rental housing units brokered by the Daito Group from October 2018 The Company won first place in the FY 2019 Awards for to September 2019 put the Group in the number one position in the “2020 Rental Excellence in Corporate Disclosure Presented by Securities Housing Brokerage Ranking by Number of Units of 401 Companies” announced Analysts (conducted by the Securities Analysis Association of by the Zenkoku Chintai Jutaku Shimbun, a weekly newspaper company. Japan) in the Construction, Housing, and Real Estate Segment. The ranking, which is based on a survey conducted by the newspaper, ranks 401 The Company has won first place nine consecutive times since companies based on the annual number of rental housing units brokered as of the FY 2009 and a total of ten times.

end of September 2019. Daito has captured the number one spot for ten * Evaluation in the Construction, Housing, and Real Estate Segment was suspended consecutive years. in FY 2011 and FY 2016.

Awards for Excellence in Corporate Disclosure given by Securities Analysts

For 10 Objective assessment criteria from the perspective of securities analyst are established to make Consecutive determinations regarding the quality, quantity, timing, and so on of corporate information 2020 Rental Housing Unit Brokerage Ranking Years of 401 Companies (top five) No.1 disclosures. Excellent companies are selected based on these criteria.

1 Daito Group 233,277units Overview of Assessment Points (excerpted from selection result notification materials) 1 Management Stance on ■The president attends briefings or meeting and substantively Investor Relations (1st place) participates in discussions. 2 minimini Corporation 154,808units 2 Briefings (1st place) ■ The Company is fully able to respond to questions. 3 Token Corporation 79,188units 3 Fair disclosure (1st place) ■ Disclosures in English are fair and timely and contain the same information as disclosures in Japanese. 4 House Mate Group 71,179units 4 Corporate governance ■ Each item of the Corporate Governance Code including the (1st place) status of progress is adequately explained. 5 Taisei Housy Holdings 53,458units 5 Voluntary information ■ The Company actively discloses non-financial information disclosures (2nd place) (ESG information, integrated reports, etc.). Source: Weekly Zenkoku Chintai Jutaku Shimbun (issued by Zenkoku Chintai Jutaku Shimbun Co., Ltd.), January 6, 2020

－ 10 － REPORT

Daito group mirai fund activity report The Daito Group Mirai Fund was established as a successor to the Daito Group Ashinaga Fund, which was created in May 2012 to support recovery from the Great East Japan Earthquake. The purposes of the fund, which was established in 2015, were expanded from support of recovery from earthquakes and other disasters to also include regional revitalization efforts. Below is a report on how the goodwill of the Group’s many shareholders who support the efforts of the fund were put to good use during this fiscal year.

Activity results (Summary) Donations from Total shareholders: shareholders of 321 ¥943,000 Japan Rescue Association As of the end of March 2020 Organization A new Trains and dispatches emergency rescue dogs and therapy dogs member of Organization Supported Activities (Thanks to support from the Daito Group Mirai Fund, three therapy dogs are now working!) the team, starting Japan Rescue Association Trains and dispatches rescue dog and uses therapy dogs. in FY 2019

Conducts a variety of art programs to provide emotional support to those 【Therapy dog activities carried out in FY 2019】 ARTS for HOPE affected by the disaster. The therapy dogs have made a total Conducts environmental preservation programs in the Aso region of of 63 visits to medical facilities and Aso Green Stock Kumamoto Prefecture. disaster-affected areas to help ease Conducts activities to reduce the number of children who are double limited.* Niwatori-no-Kai * Children who are not proficient in their native language or Japanese. and mitigate the mental and psychological distress experienced by Compass-no-Kai Provides work opportunities (bread making) to persons with disabilities. people affected by natural disasters. Happy Mirai Trainee therapy dog Japan Boken Asobiba Revitalizes regions by supporting the development of adventure Kenta Zukuri Association playgrounds throughout Japan. Supports the health and development of children in urban areas through Minato Rugby School rugby. Supports children of families who are living away from home because of the Terakoya Hojosha nuclear power plant accident. ARTS for HOPE NPO STARS Supports child development, after-school daycare, day-to-day care, etc.

Helps children to cultivate the skills they need to look after themselves, and Yuriagekamome spreading awareness of the importance of disaster-preparedness education. Rolls out art-related activities nationwide to help children and adults who have Creates spaces that are carefully designed so that people with disabilities and suffered mental distress as a result of the Great East Japan Earthquake of 2011. Heart Space people without disabilities can live together harmoniously. Provides prompt childcare support and creating spaces where people can Tamariba Popo share their concerns and worries. This organization arranges visits to Contributes towards the revitalization of regional communities through special events schools, hospitals, welfare facilities, Kasajizo and hand-made goods businesses that utilize locally-produced agricultural products, etc. temporary accommodation and Young people in the 20‒30 age group working to develop new approaches to rental housing provided by the Bosai Girl disaster preparedness. government for disaster victims, etc. Holds workshops with the aim of helping to realize a society in which to provide a wide range of art-related Motivation Maker disparities in educational opportunities are eliminated. programs. (Support provided on three Donations occasions in FY 2019)

October 2019: Typhoon No. 19 (Typhoon Hagibis) 5 million yen donation via the Central Community Chest of Japan (Akai Hane)

－ 11 － TOPICS REPORT / TOPICS

TOPICS 01

Results of 2019 e-Heya Net Neighborhood Livability Ranking (Nationwide Edition) Announced

Chuo-ku, Chuo-ku, No.1 Fukuoka No.2 Tokyo

Tennoji-ku, No.3 Osaka

Nishi-ku, No.4 Osaka

Chuo-ku, Chuo-ku, No.1 Fukuoka Tennoji-ku, Nishi-ku, No.2 Tokyo No.3 Osaka No.4 Osaka

Showa-ku, No.5 Nagoya

Overall Livable Town Ranking Ranking

We compiled the largest-ever ranking of its kind, by asking people who are actually living in each neighborhood* what they think about it. The top five neighborhoods were 【6th to 10th Place Results】 all either communities with easy access to the city center, commercial facilities of direct Showa-ku, relevance to residents’ daily lives, and the convenience provided by a wide range of No.5 Nagoya No.6 Shingu-machi, Kasuya-gun, Fukuoka select shops, or commuter towns. The high rankings obtained by Shingu-machi, Kasuya-gun in Fukuoka Prefecture (in sixth place) and by Nagakute City in Aichi No.7 Nagakute, Aichi Prefecture (in seventh place) reflected a nationwide trend towards high evaluations of neighborhoods that have been developed close to major cities. No.8 Nada-ku, Kobe, Hyogo * The sample included 184,193 people living in 1,896 municipalities throughout Japan. No.9 Bunkyo-ku, Tokyo Details of the ranking can https://www.kentaku.co.jp/sumicoco/ be found here No.10 Kita-ku, Osaka, Osaka

－ 12 － TOPICS

TOPICS 02 TOPICS 03

The Company Won the FY 2019 Environment Minister’s The Company Selected for Inclusion Award for Global Warming Prevention Activity in the A List, the Highest Class in the

On December 2, 2019, the Company was presented CDP Climate Change 2019 Rankings by the Ministry of the Environment with the Environ- The Company has been chosen to be included in the Climate Change A List , the ment Minister’s Award for Global Warming Prevention highest class in the CDP Climate Change 2019 rankings compiled by CDP*, an interna- Activity*1 (Technological Development and Commer- tional environmental NPO. cialization Section), in recognition of the Company’s CDP Climate Change evaluates 500 Japanese corporations (within a global total of efforts to promote widespread adoption of cross-lami- around 8,000 companies) on the basis of the information that they disclose regarding *2 nated timber (CLT) , having been the first company in the concrete measures they have taken to reduce greenhouse gas emissions and Japan to commercialize and begin sale of multi-unit regarding the strategies they have adopted in response to climate change. In CDP housing constructed using CLT. This was the first time Climate Change 2019, a total of 38 Japanese companies were selected for inclusion in that the Company had received this award, and it was the Climate Change A List of companies that have demonstrated particularly outstand- the first time in 14 years that a construction-related ing performance in this area. The inclusion of the Company in A List reflected CDP’s company had been honored in the Technological high evaluation of the measures taken by the Company to reduce greenhouse gas Development and Commercialization Section. emissions, which have included the development of new types of housing product for

*1 The Environment Minister’s Award for Global Warming Prevention Activity has been the post-carbon society that make effective use of CLT materials, and the Company’s held since FY 1998, as part of the Ministry of the Environment’s efforts to promote measures combating global warming, with the aim of honoring individuals and active participation in and support for international environmental initiatives, etc. organizations that have demonstrated significant achievements in relation to the Mr. Tetsuya Yagi, Parliamentary Vice * CDP (formerly the Carbon Disclosure Project) is an international environmental NPO which, on behalf of 525 institutional investors prevention of global warming. Minister of the Environment (left), and Katsuma Kobayashi, President representing a total of 96 trillion USD of assets, undertakes assessment of the measures taken to reduce greenhouse gas emission *2 Cross laminated timber (CLT) is a new kind of wooden construction material that is and Representative Director, CEO, and respond to climate change, and the disclosure of related information, by over 8,000 companies throughout the world (including as strong as concrete while still retaining the lightness of wood. CLT has a wide range Daito Trust Construction (right) 500 Japanese companies). of potential applications, including not only use as the framework structure supporting a building, but also utilization that makes effective use of CLT’s superior thermal insulation, flame resistance, heat resistance, acoustic insulation, etc. With CLT, Measures taken by the Company to reduce greenhouse gas emissions buildings can make efficient use of forest resources while also reducing CO2 emissions. Development and commercialization of post-carbon Sale of these products began in housing products that utilize CLT materials October 2019 Key points influencing the award decision Membership of Renewable Energy 100 (RE 100) Joined in January 2019 Measures taken to commercialize CLT multi-unit ① housing Certified in Science Based Targets (SBT) initiative certification January 2019 Measures taken to facilitate the visualization of ② CO2 emissions reduction benefits Support for the Task Force on Climate-related Financial Support announced in Conceptual image showing the Disclosure (TCFD) May 2019 Activities aimed at spreading awareness of CLT exterior of Daito’s Forterb CLT ③ multi-unit housing product (launched buildings and helping them to become mainstream in October 2019)

－ 13 － TOPICS

TOPICS 04 TOPICS 05

Ensuring Early Detection of Problems through Sales of Specially-developed e-TAKU+ Home Rooftop Inspections That Make Effective Use Delivery Boxes Begin of Drones Starting from September 24, 2019, the Company began the sale of its unique e-TAKU+ integrated home delivery boxes, which also serve as partitions separating Starting from March 23, 2020, Daito the entrances to individual units. The first e-TAKU+ delivery box was installed in Kentaku Partners Co., Ltd.—a Daito January 2020. Group member company—has Around 80%*1 of the buildings constructed by the Company are row house style begun using drones for rooftop buildings in which all units are located on the ground floor*2. The new e-TAKU+ inspections of rental properties delivery box that the Company has now launched is specially designed for use in this managed by the Daito Group. By type of row house building, combining three functions: home delivery box, conven- using drones to perform rooftop tional mailbox, and partition separating each entrance from its neighboring entranc- inspections from the sky, it is Operating a drone from the ground es. By installing the e-TAKU+ boxes between each resident’s entrances, it is possible possible to identify damaged areas for residents to receive deliveries when they are not at home. before serious problems develop. *1 As of November 8, 2019. *2 This type of multi-unit dwelling does not have shared stairways or corridors; instead, each unit has its own entrance on the ground The drones being used for the floor, providing direct access. rooftop inspections are equipped ①Partition that functionally separates with infrared cameras, so if solar the entrances to each pair of adjacent units panels installed on the rooftop have become disconnected—something ②Mailbox for delivery of large-sized items of mail that could not be detected easily by ［Maximum size of mail］ W130mm×H340mm×D35mm、up to 4kg in weight the human eye—the drone can detect the problem using the heat generated by the voltage resistance. Further- Damaged roof found by drone ③Home delivery box to receive deliveries when the resident is not at home more, the inspection can be ［Maximum size of special delivery parcels］ performed more efficiently, because W220mm×H490mm×D398mm、up to 15kg in weight 〈Examples〉The delivery box is big enough to take one pack the solar panels can continue to of six 2-litre plastic bottles, or one 10kg bag of rice, operate and generate electricity or one pack of 24 550ml beer cans, etc. during the inspection. ［Overall external dimensions］ Conventional imaging Infrared imaging Problems such as disconnection are flagged up in × × blue, and can thus be speedily identified W270mm H1900mm D480mm

－ 14 － SHAREHOLDER BENEFIT PLAN

The following benefits are available according to the number of shares held and the duration of holding.

The benefit plan All of ① ¥300,000 rebate ¥300,000 rebate 10% increase in Optional equipment One free ticket is available by through ⑤ 1 2 3 4 5 submitting an referral awards service for building for lease brokerage (right) may be on a construction on the purchase of application When making referrals, construction commission (Note 5) selected contract a condominium please contact us at the * Shareholders who wish to receive when using the equipment specified by the their free ticket by postal mail: All (twice a year) (Note 1,2,3) unit following contact e-mail address. ( Company, maximum of ¥300,000 ) please contact us at the following Company (Note 1,2,3) (Note 4) (Note 1,2) contact e-mail address. services shareholders Gift certificates Gift certificates are granted in accordance Donation to the Daito Donations can be made in accordance holding100 with the number of shares held as follows with the number of shares held as follows A B Group Mirai Fund* or more Either A or B 100 to 299 shares・・・・・・¥ 1 , 0 0 0 100 to 299 shares・・・・・・¥1,000 (right) shares 300 to 499 shares・・・・・・¥ 3 , 0 0 0 300 to 499 shares・・・・・・¥3,000 is available * Support fund for (once a year) 500 to 999 shares・・・・・・¥ 5 , 0 0 0 activities geared toward 500 to 999 shares・・・・・・¥5,000 areas recovering from 1,000 or more shares ・・・・ ¥10,000 disasters, and to 1,000 or more shares・・ ¥10,000 regional revitalization

Tea water Gift certificates Donation to the Daito The benefit plan 100 or more a b c d is available by (350 ml X 24 bottles) (350 ml X 24 bottles) Group Mirai Fund submitting an One of a, b, c or d shares, with application is available Barley tea Natural spring water using the shares held (once a year) manufactured by from Azumino ¥1,000 Care Partner Co., Ltd. inShinshu ¥1,000 postcard for 1 year delivered at the Plus * Product designs are subject * Product designs are subject end of June or longer to change without notice. to change without notice. * Same amount regardless of number of shares held * Same amount regardless of number of shares held

50% discount ticket 50% discount ticket Gift certificates Donation to the Daito 300or more 1 for one-night stay at 2 for three-night stay 3 4 Group Mirai Fund shares, with One of 1, 2, 3 or 4 The Strings By at Le Méridien Kuala is available InterContinental Tokyo Lumpur (Malaysia)

Number of shares held and years ownership as end March shares held (once a year) (Note 6) (Note 6) ¥10,000 ¥10,000 for 3 years Plus or longer * Same amount regardless of number of shares held * Same amount regardless of number of shares held

The benefit plan All shareholders All of ① ¥300,000 rebate ¥300,000 rebate 10% increase in Optional equipment One free ticket is available by through ⑤ 1 2 3 referral awards 4 5 for lease brokerage submitting an (right) may be on a construction on the purchase of service for building When making referrals, construction commission (Note 5) application holding100 or selected * Shareholders who wish to receive contract a condominium please contact us at the equipment specified by the when using the (twice a year) (Note 1,2,3) their free ticket by postal mail: of September following contact e-mail address. ( Company, maximum of ¥300,000 ) please contact us at the following Company held as of end more shares unit (Note 1,2,3) (Note 4) (Note 1,2) contact e-mail address. Number of shares services

For inquiries regarding the shareholder benefit plan E-MAIL * Please provide us with your shareholder number, name, address, and telephone number when you contact us. Complimentary tickets will be sent to the registered address. Daito Trust Construction * If your address has changed, please perform the procedures specified by your securities company. Shareholder Benefit Support Center [email protected] (Note 1) • Your name must be in the shareholders registry as of the contract date. • Shareholders as of March 31, 2020: Applicable to contracts concluded from April 1, 2020 to September 30, 2020 • Shareholders as of September 30, 2020: Applicable to contracts concluded from October 1, 2020 to March 31, 2021 (Note 2) • You will need to apply prior to the signing of the construction contract or contract of sale. (Note 3) • A refund is provided after payment of the amount due at the time of completion. (Note 4) • 1.1% of construction contract (compared with the normal rate of 1%) • ¥11,000 regardless of the amount of rent (compared with the normal rate of ¥10,000) (Note 5) • Valid period for shareholders as of March 31, 2020: July 1‒December 31, 2020 •Valid period for shareholders as of September 30, 2020: January 1‒June 30, 2021 (Note 6) • Transport expenses to the hotel shall be borne by the shareholder • Room availability is subject to confirmation

－ 15 － We have a rental currently under construction. We would like to receive the SHAREHOLDER BENEFIT PLAN FAQ related to the Shareholder Benefit Plan Q construction contract the ¥300,000 rebate under the shareholder benefit plan. Will we be eligible for these benefits if we purchase the Company’s shares before the completion of the building? Benefits available to shareholders as of both March 31 and September 30 Shareholders recorded in the register of shareholders at the time of contract A execution are eligible for the shareholder benefit program (record dates: last Please explain how to receive benefits ① through ⑤ in shareholder benefit plan. day of March or September). Accordingly, the benefit cannot be used in the Q case discussed above.

A Benefits①,②and④ We would like to use the construction contract the ¥300,000 rebate. Can we use it Q for repair work at a building that has already been completed? Shareholder who wishes Staff in charge of sales to receive benefit at the Company This benefit can be used when signing a new construction contract (for new A construction) with the Company. Accordingly, the benefit cannot be used in ・Please inform staff in charge of sales at the Company of your wish to receive the benefit. the above case. ・You will be given a“Shareholder Benefit Application Form”. ・Please fill out the“Shareholder Benefit Application Form”, and submit it to the staff in charge of sales at the Company before concluding the construction contract (or in the case of ②, the purchase agreement). ･The optional construction for which the benefit can be used is determined; please inquire with your Benefits available to shareholders as of March 31 sales representative for details. Q Please explain how the holding period is calculated in reference to: one year or Benefits③ longer; and three years or longer. Shareholders who have held shares for one year or longer Shareholder who wishes Daito Trust Construction A Shareholder Benefit Support Center to receive benefit * Please refer to the left page for contact information This refers to shareholders who have been stated or recorded in the shareholders reg- istry as of March 31 and September 30 (i.e., the record dates of the shareholders regis- ・Please contact Daito Trust Construction Shareholder Benefit Support Center. try of the Company) at least three times in a row with the same shareholder number. ・Our staff in charge of sales will contact the referred customer (i.e., the person who will be entering into the contract). ex. Mar.31 Sep.30 Mar.31 2019 2019 2020 Benefits⑤ 1 2 3 The shareholder needs to be stated or recorded with the same shareholder number in the shareholders Shareholder who wishes Daito Trust Construction Shareholder Benefit Support Center registry continuously for a period of one year. to receive benefit * Please refer to the left page for contact information

・Please contact Daito Trust Construction Shareholder Benefit Support Center to have the ticket sent. Shareholders who have held shares for three years or longer ・The ticket will be sent to the registered address. A ・Please present the complimentary tickets when applying for housing at an office directly operated by This refers to shareholders who have been stated or recorded in the shareholders reg- Daito Kentaku Leasing Co., Ltd.. Preferential treatment will be applied with regard to the lease istry as of March 31 and September 30 (i.e., the record dates of the shareholders regis- brokerage commission. try of the Company) at least seven times in a row with the same shareholder number.

Am I entitled to only one of the benefits from among ① through ⑤ in shareholder ex. Mar. 31 Sep.30 Mar. 31 Sep.30 Mar. 31 Sep.30 Mar. 31 2017 2017 2018 2018 2019 2019 2020 Q benefit plan? 1 2 3 4 5 6 7 You are entitled to all of ① through ⑤ in shareholder benefit plan. However, The shareholder needs to be stated or recorded with the same shareholder number in the shareholders A you cannot receive benefits ③ and ⑤ simultaneously for the same building registry continuously for a period of three years. lease agreement.

－ 16 － CORPORATE DATA / OFFICERS / MAIN GROUP COMPANIES

Corporate Data Officers (As of March 31, 2020) (As of June 26, 2020)

Corporation Name Daito Trust Construction Co., Ltd. Directors Audit & Supervisory Board Members Executive Officers President and Representative Director, Standing Audit & Supervisory Chief Executive Officer Katsuma Kobayashi Board Member (Outside) Masayasu Uno Executive Officer Takashi Established June 20, 1974 Audit & Supervisory Managing Director Shuji Kawai Board Member(Outside) Hideo Hachiya Executive Officer Masafumi Tate Audit & Supervisory Capital 29,060,991,263 yen Managing Director Kei Takeuchi Board Member(Outside) Kazuo Fujimaki Executive Officer Shouji Yamada Director Kanitsu Uchida Executive Officer Masayoshi Tanaka Head Office 2-16-1, Konan, Minato-ku, Tokyo 108-8211, Japan Director Kazuhiko Saito Executive Officer Kazunori Fukuda Branch Offices 216 Director Koji Sato Executive Officer Yoshihiro Mori Director (Outside) Toshiaki Yamaguchi Executive Officer Eiji Kawahara Employees 8,939 Director (Outside) Mami Sasaki Executive Officer Masayuki Koishikawa Director (Outside) Takashi Shoda Executive Officer Kouichi Nakamura ①Design and construction of , condominiums, rental retail buildings, Executive Officer Jun Matsufuji Business factories, warehouses, and office buildings Executive Officer Tetsuya Shibata ②Real estate brokerage such as tenant recruiting, Activities Executive Officer Kazuhiro Izumi building maintenance, and property management including contracting arrangements Executive Officer Takeshi Nakamura Executive Officer Takeshi Shirasaki Executive Officer Kunihiro Takenaka Executive Officer Tsukasa Okamoto

Group Companies (As of March 31, 2020)

Company name Address Capital Holdings Main businesses Company name Address Capital Holdings Main businesses

Daito Kentaku Partners Co., Ltd. Minato-ku, Tokyo 1,000 million yen 100.0% Whole-building leasing, building management, building renovation House Payment Co., Ltd. Minato-ku, Tokyo 120 million yen 100.0％ Credit card settlement services

Daito Kentaku Leasing Co., Ltd. Minato-ku, Tokyo 100 million yen 100.0% Rental apartment and condominium brokering, real estate business Gaspal Kyushu Corporation Fukuoka, Fukuoka 110 million yen 100.0％ LP gas supply business

Liangbuwu Business Consulting (Shanghai) Co., Ltd. Shanghai, China 1,000,000 USD 100.0% Rental apartment and condominium brokering Daito Gas Partner Corporation Urasoe, Okinawa 40 million yen 100.0％ LP gas supply business

Daito Finance Co., Ltd. Minato-ku, Tokyo 120 million yen 100.0％ Bridge financing of contracting expenses for general contractors Gaspal Chugoku Corporation Okayama, Okayama 110 million yen 100.0％ LP gas supply business

Housecom Corporation Minato-ku, Tokyo 424 million yen 51.8％ Rental apartment and condominium brokering Gaspal Shikoku Corporation Okayama, Okayama 40 million yen 100.0％ LP gas supply business

HOUSECOM Technologies Co., Ltd. Minato-ku, Tokyo 45 million yen 51.8％ Advertising business, etc. Gaspal Tohoku Corporation Sendai, Miyagi 110 million yen 100.0％ LP gas supply business

SK Construction Materials Ltd. Fujimi, Saitama 10 million yen 51.8％ Building renovation Sakura Care Co., Ltd. Setagaya-ku, Tokyo 10 million yen 100.0％ In-home nursing care and other care services

Daito Steel Co., Ltd. Yaizu, Shizuoka 100 million yen 100.0％ Ironwork and construction Ume Care Co., Ltd. Setagaya-ku, Tokyo 5 million yen 100.0％ In-home nursing care and other care services

Daito Construction Co., Ltd. Kita-ku, Tokyo 400 million yen 100.0％ Design and construction of rental housing and other structures Daito Asia Development Robinson Road, 175,709,000 USD 100.0％ Real estate development Pte. Ltd. Singapore Care Partner Co., Ltd. Shinagawa-ku, Tokyo 100 million yen 100.0％ Operation of day service centers and childcare facilities Daito Asia Development Kuala Lumpur, Shinagawa-ku, Tokyo LP gas supply and other business 86,529,000 MYR 100.0％ Hotel business Gaspal Corporation 120 million yen 100.0％ (Malaysia) Sdn. Bhd. Malaysia Daito Corporate Service Co., Ltd. Shinagawa-ku, Tokyo 100 million yen 100.0％ Document shipping, document destruction, printing, administrative services Daito Asia Development Kuala Lumpur, 79,034,000 MYR 100.0％ Hotel business Malaysia House Leave Co., Ltd. Minato-ku, Tokyo 120 million yen 100.0％ Rental housing tenant guarantor services (Malaysia) II Sdb. Bhd. Bermuda (British territory) Fire insurance re-insurance company Daito Mirai Trust Co., Ltd. Minato-ku, Tokyo 150 million yen 100.0％ Real estate management services, asset succession consulting D.T.C. Reinsurance Limited 3,001,000 USD 100.0％ Delaware, United States Real estate development Houseguard SSI Minato-ku, Tokyo 250 million yen 100.0％ Low-amount, short-term insurance Daito Kentaku USA. LLC 41,229,000 USD 100.0％ Minato-ku, Tokyo Flexible workspace business Daito Energy Co., Ltd. Minato-ku, Tokyo 40 million yen 100.0％ Electric power business JustCo DK (Japan) Co., Ltd. 100 million yen 51.0%

Note: The percentages given above include indirect holdings.

－ 17 － THE COMPANY’S STOCK / INFORMATION FOR SHAREHOLDERS COMPANY OVERVIEW, ETC.

The Company’s Stock Information for Shareholders (As of March 31, 2020) Number of shares and number of shareholders Major shareholders Fiscal year April 1 to March 31 Number of shares Name of shareholder Number of shares Shareholding 329,541,100 shares owned (shares) ratio General Meeting of authorized Shareholders June The Master Trust Bank of Japan, Ltd. (Trust account) 5,133,600 7.48％ Number of shares 68,918,979 shares Ex-rights Date: March 31 issued SSBTC CLIENT OMNIBUS ACCOUNT 4,351,534 6.34％ Record date Year-end dividend: March 31 Number of Japan Trustee Services Bank, Ltd. (Trust account) 3,407,100 4.96％ Interim dividend: September 30 18,136 shareholders shareholders Japan Trustee Services Bank, Ltd. (Trust account 7) 1,836,900 2.68％ Trading unit 100 shares Sumitomo Realty & Development Co., Ltd. 1,606,700 2.34％ Stock (1st Section) Japan Trustee Services Bank, Ltd. (Trust account 5) 1,531,100 2.23％ exchange listing Nagoya Stock Exchange (1st Section)

Cooperative Daito Trust Construction Stock Association 1,514,705 2.21％ Securities code 1878 SMBC Trust Bank Ltd. 1,474,800 2.15％ (Sumitomo Mitsui Banking Corporation Retirement Benefit Trust Account) Transfer agent and 1-4-5, Marunouchi, Chiyoda-ku, Tokyo, Japan special account THE BANK OF NEW YORK MELLON 140044 Mitsubishi UFJ Trust and Banking Corporation 1,301,501 1.90％ management institution JP Morgan Chase Bank 385635 1,182,799 1.72％

Notes: Shareholding ratios are calculated after deducting treasury shares (294,000 shares). Method of public notices

Public notices shall be electronically posted on the Compa- ny’s website. Composition of shareholders https://www.kentaku.co.jp/corporate/ir/koukoku.html However, in the case where electronic public notice is not ■Domestic corporations ■Securities firms available due to an accident or other unavoidable reasons, a notice shall be published in the Nihon Keizai Shimbun. 4,424,758 shares 3,201,647 shares（4.65％） （6.42%） ■Daito Trust Share transfer procedures Construction Co., Ltd.

■Individuals 294,443 shares Shareholders who hold shares in a securities account and others Shareholding （0.43％） For more information, please contact the securities 6,643,546 shares ratio company where you maintain an account. （9.64％） Shareholders who do not conduct transactions Total: 68,918,979 shares with a securities company For more information, please contact Stock Transfer Agency Division, Mitsubishi UFJ Trust and Banking Corporation. ■Financial ■Foreign Mitsubishi UFJ Trust and Banking Corporation, institutions corporations Stock Transfer Agency Division 20,349,662 shares 34,004,923 shares 1-1 Nikkocho, Fuchu, Tokyo, Japan Inquiries are accepted from 9:00 to 17:00 （29.53％） （49.34％） 0120-232-711 excluding Saturdays, Sundays and public holidays

－ 18 － Life is Built on Trust

Head office 2-16-1, Konan, Minato-ku, Tokyo 108-8211, Japan TEL: +81-3-6718-9111 https://www.kentaku.co.jp