Notice on the Formulation of Ando Hazama Group’s “Medium-Term Management Plan 2028”

Overview of Medium-Term Management Plan 2028

Ando Corporation resolved at the Board of Directors meeting on March 30, 2026, to adopt the "Medium-Term Management Plan 2028" beginning with the fiscal year ending March 2027. The plan covers three years from the fiscal year ending March 2027 to March 2029, and aims to realize the long-term vision "Ando Hazama VISION 2030" based on five value creation principles (Customer Value, Shareholder Value, Environmental Value, Business Partner Value, and Employee Value). For the fiscal year ending March 2029, the targets are consolidated ordinary income of 36.5 billion yen, ROE above 12%, dividends per share of 80 yen or more (progressive dividend), and greenhouse gas emission reduction rates of 23% for Scope 1+2 and 14% for Scope 3.

Business Strategy and Financial Targets

As part of deepening business strategies, the company will focus on seven areas: domestic civil engineering, domestic construction, LCS business, energy business, overseas business, group business, and non-construction business. It will promote human capital strategy, technology development strategy, DX strategy, business partner strategy, and sustainability strategy. Financially, the forecast for fiscal year 2025 includes net sales of 438 billion yen, operating income of 32 billion yen, ordinary income of 31.4 billion yen, and net income attributable to owners of parent of 28.4 billion yen. By fiscal year 2029, the company aims for net sales of 550 billion yen, operating income of 37 billion yen, and ordinary income of 36.5 billion yen. Growth investments of 100 billion yen are planned under the long-term VISION 2030, and shareholder returns will be steadily implemented.