News Release

Condominium gallery to Be Effectively Switched to Electricity from Renewable Energy

Jul 21, 2022

TOKYO, Japan - July 21, 2022 - DAIKYO INCORPORATED (“DAIKYO”) and Anabuki Construction Inc. (“Anabuki Construction”) announced that they will procure electricity for all their condominium galleries*1 from 100% renewable energy sources.

A Daikyo condominium gallery (Katsushika, Tokyo)

DAIKYO and Anabuki Construction open approximately 20 condominium galleries per year, excluding those in pre-existing buildings. Now, as part of their efforts to promote decarbonization, the electricity used in the condominium galleries*2 will be switched accordingly to 100% renewable energy sources.

In addition, the condominium construction sites to be developed by the two companies will be effectively switched to electricity from renewable energy. When the two companies outsources construction to other construction companies, they will ask the construction companies for their understanding of CO2 emissions reductions and to procure electricity from renewable energy sources at the construction sites. Anabuki Construction, in its construction function, will procure electricity from 100% renewable energy sources at its construction sites.
DAIKYO at its head office building, the Sendagaya No. 21 Daikyo Building (Shibuya-ku, Tokyo) in April 2022, and Anabuki Construction at its head office building (Takamatsu, Kagawa) in July 2022, have switched entirely to using electricity from 100% renewable energy sources.
In 2018, DAIKYO launched Japan's first condominium with the Nearly ZEH-M specification in Ashiya, Hyogo. Furthermore, the two companies have worked on a total of 26 ZEH condominiums to date, actively engaging in the development of environmentally friendly condominiums. DAIKYO and Anabuki Construction will accelerate their efforts to create environmentally friendly housing by promoting decarbonization in the process of new condominium business as well as in corporate management, and will continue aiming toward the realization of comfortable lifestyles and a low-carbon society.

*1 Excludes condominium galleries in pre-existing buildings and joint venture projects for which neither DAIKYO nor Anabuki Construction is the electricity supply and demand contractor.
*2 Excluding galleries whose electricity supply and demand contracts are difficult to switch, such as those with a remaining period of less than six months.

■Overview of the Head Office Buildings

Building name Sendagaya No.21 Daikyo Building
Address 4-24-13 Sendagaya, Shibuya-ku, Tokyo
Floors used B1 - 8th floor
Tenant Group companies DAIKYO INCORPORATED,
ANABUKI CONSTRUCTION INCORPORATED,
DAIKYO ASTAGE INCORPORATED,
DAIKYO ANABUKI CONSTRUCTION INCORPORATED
Expected reduction
in CO2 emissions
Approx. 494 t-CO2/year

Building name Anabuki Construction Head Office Building
Address 1-11-22 Fujitsuka-cho,Takamatsu,Kagawa
Floors used 1st - 11th floor
Tenant Group companies ANABUKI CONSTRUCTION INCORPORATED,
DAIKYO ANABUKI REAL ESTATE INCORPORATED,
DAIKYO ANABUKI CONSTRUCTION INCORPORATED,
ANABUKI COMMUNITY INCORPORATED
Expected reduction
in CO2 emissions
Approx. 396 t-CO2/year

■Company Overview
Name DAIKYO INCORPORATED
Head office Sendagaya No. 21 Daikyo Building, 4-24-13 Sendagaya, Shibuya-ku, Tokyo
Representative Toshinari Fukaya
Established December 1964
Description of business Housing Development and Sales, Redevelopment
Website https://www.daikyo.co.jp/ (in Japanese)Open Link in New Window
Name Anabuki Construction Inc.
Head office 1-11-22 Fujitsukacho, Takamatsu, Kagawa
Representative Yoshiaki Tokuda
Established January 1961
Description of business Housing Development and Sales, Construction Services
Website https://www.anabuki.co.jp/ (in Japanese)Open Link in New Window

 

Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.
Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2022)

Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2021 – March 31, 2022."

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