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

Moving forward with a new Medium-Term Business Plan and making aggressive investments designed to deliver sustainable growth.

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

The impact of the COVID-19 pandemic on the global economy has yet to subside, and the future remains uncertain. However, thanks to the medical and pharmaceutical response and various government policies, we expect to see a gradual recovery. In the construction market, we believe that construction investment driven by technological innovation will remain steady, and we see new construction demand coming in response to the advancing trends of carbon neutrality and digital transformation.

For the current fiscal year, the Kajima Group has established a vision that conveys our long-term goals and drawn up the Kajima Group Medium-Term Business Plan (FY2021–2023). We have tied the plan with both our vision and our material issues in order to achieve sustainable growth. Based on this plan, we will strive to meet our management goals and deliver sustainable growth by taking action based on an accurate assessment of the rapidly changing business environment and market trends, and by aggressively pursuing forward-looking investments to drive future growth.

With regard to returns to stockholders, in addition to the increased dividend in FY2020, for the third consecutive year since FY2019 we made the decision to acquire our own shares. We will continue our efforts to enhance corporate value and further expand returns to stockholders.

We ask for your continued understanding and support as we pursue these objectives.

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