MASARU CORPORATION is a company mainly engaged in the operation of construction works. The Company operates in two business segments. The Construction Work segment is operated by the Company, which mainly involves in the construction of sealing waterproofing works, membrane waterproofing works, renovation and repair works for buildings. This segment also places orders with its subsidiary for the equipment works. The Equipment Work segment is operated by its subsidiary, which mainly involves in the construction of equipment works, such as water supply and drainage works for air conditioning, heating and cooling equipment. This segment also places orders with the Company for the construction works. As of September 30, 2014, the Company had one subsidiary.