Regarding risks related to the Group's business, the major risks that management recognizes as having the potential to have a significant impact on the financial position, business performance, and cash flow status of the consolidated companies are as follows:

For details, please see [Business Risks] in the IR Library - Securities Report.

1. (1) Market and demand structure risks

   1. ① Regarding the decline in the domestic population and the number of households
   2. ② Trends in the supply and demand of housing
   3. ③ Regarding the decline in the value of held assets

2. (2) Risks related to supply and cost

   1. ④ Labor shortage and securing personnel
   2. ⑤ Regarding raw material and supply costs, labor costs, logistics costs, outsourcing costs, etc.

3. (3) Environmental and external environmental risks

   1. ⑥ Regarding Overseas business
   2. ⑦ About climate change

4. (4) IT, infrastructure, and business continuity risks

   1. ⑧ Information Security
   2. ⑨ Regarding natural disasters, accidents, etc.

5. (5) Compliance risks

   1. ⑩ Regarding legal regulations

6. (6) Operational and Quality Risks

   1. ⑪ Regarding housing quality guarantees

7. (7) Strategy and investment risks

   1. ⑫ About M&A

8. (8) Financial risks

   1. ⑬ Regarding the procurement of business funds

• 

  Disclosure policy

• 

  IR News

• 

  Performance/finance