Revision of Payment Terms for Partner Companies (Abolition of Bill Payments and Retention Money)

Okumura Corporation (Headquarters: Abeno-ku, Osaka; President: Takamasa Okumura) announces that it has decided to abolish bill payments (including debt assumption methods) and retention money, and to implement "full cash payment" for payment terms to its partner companies, effective from the September 2026 billing period (payment date: October 15).

This revision of payment terms is intended to improve the cash flow of partner companies and build more stable partnerships, thereby strengthening the entire supply chain, amid an increasingly severe environment surrounding the construction industry, such as soaring prices of materials and equipment, and future labor shortages.

The Okumura Group promotes its business activities under the management philosophy of "Contributing broadly to society through the development of our business as a company that continues to be needed by society, with 'sound management' and 'sincere construction' as our tenets." We will continue to value all "people," including our partner companies, and aim for sustainable growth.

≪Changes in Payment Terms≫

Current Practice

Revised Practice

Bill Payments

Issuance Standard: 10 million yen or more

Payment Period: 60 days

Abolished (Full Cash Payment)

Retention Money

Until completion of contracted work

10% of progress payment retained

Abolished

≪To Our Partner Companies≫

Details regarding procedures, etc., will be announced separately on our company's payment notification web service.