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To Our Stockholders and Investors Hiromasa Amano President and Representative Director Kajima Corporation

We expedite the measures and investments set forth in the Medium-Term Business Plan to further increase corporate value.

I would like to begin by expressing my sincere appreciation to all Kajima’s stockholders and investors. Thank you for your unwavering support.

The outlook of the world economy continues to be clouded by changes in trade and monetary policies across various countries and regions. Meanwhile, the domestic construction market continues to see robust demand due to strong public investment and private capital investment performance, but we must continue to appropriately respond to rising construction costs and secure the necessary construction system, including partner companies and skilled construction workers.

Given such a situation, the Kajima Group, under the Kajima Group Medium-Term Business Plan (FY2024–2026), has been striving to enhance the competitiveness of our core, domestic construction business, while strengthening its profitability in the real estate development and overseas businesses, which we treat as growth areas. In the first year of the plan in FY2024, our business outperformed the plan, achieving sales and profit growth for the fourth consecutive year, as well as increased return to our stockholders through dividend increases for five years running and 30 billion yen in share buybacks.

Having entered the second year of the plan in FY2025, we have updated our financial strategy in light of the current situation of accelerated profit growth. We will expand growth investments, including investments in human capital, and increase stockholder returns to further enhance our corporate value and market valuation.

We sincerely appreciate your continued understanding and support as we move forward with our strategic initiatives.

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