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Outline ofFinancial Resultsfor Fiscal Year 2018
April 1, 2018 – March 31, 2019

May 14, 2019
JGC CORPORATION
General Manager, Finance & Accounting Division

Shinichi Taguchi

Contents

1.

Highlights of Fiscal Year 2018

2.

Income and Comprehensive Income

3.

Segment Information

4.

Balance Sheets

5.

Cash Flow

6.

Outline of Contracts

7.

Forecasts for Fiscal Year 201921. Highlights of Fiscal Year 2018

Outstanding
contracts

935 billion yen • Outstanding contracts
recovered to over 1 trillion yen
1.2 trillion yen
following a record high in newcontracts.

Net sales

14% decrease

Profit attributable toowners of the parent

45% increase

New contracts

Annual dividend
per share

28.50 yen

Capital-to-asset
ratio

58%

• Profit increased despite thelower net sales. Dividends
increased as well.
• Healthy financial position
maintained.

3

2. Income and Comprehensive Income【Unit: Billions of Yen】

FY2017FY2018Difference

Net sales

722.9619.2△ 103.7Gross profit

44.9

44.9+0.0

Profit ratio

6.2%

7.3%+1.0pt

Operating income

21.4

23.2+1.7

Ordinary income

24.9

32.3+7.3

Profit attributable toowners of the parent

16.5

24.0+7.4

Profit16.8

24.2+7.4

Other comprehensive
income

3.4

△ 6.2

△ 9.7

Comprehensive income

20.2

17.9

△ 2.3

４

3. Segment Information
Net sales

Segment profit【Unit: Billions of Yen】

Total
Engineering

670.0△15.8%FY2017※ Functional

Materials
Manufacturing42.1+9.2%

FY2017【Unit: Billions of Yen】

564.0

11.5

FY2018FY201745.97.1

FY2018FY2017+19.4%

13.7

FY2018+2.8%

7.4

FY2018※Segment name changed from ” Catalysts & fine products ”.

５4. Balance Sheets

Total liabilities & net assets

Assets【Unit: Billions of Yen】

708.8

684.9

521.3

163.6
FY2017JV Cash116.7
JGC Portion+20.4.

+3.5

541.7

167.1
FY2018【Unit: Billions of Yen】

708.8

684.9

Current
assetsNoncurrent
assets

215.7

+7.7

223.5

73.3

+1.5

74.9

395.7

+14.5

410.3

FY2017

Current
liabilities
Noncurrent
liabilities
Total netassets

FY2018122.3６5. Cash flows

235.3【Unit: Billions of Yen】

160.8

７

6. Outline of Contractsⅰ）New Contracts【Unit: Billions of Yen】

FY2018 ActualOverseas

802.0

Domestic

133.3

Total935.4８ⅱ）Outstanding Contracts
By Region

By Business Area
【Unit: Billions of Yen】
6%
17%

8%

29%

5%

12%

11%
5%

9%

17%

27%

886.6

1,208.330%

FY2018FY2017FY2017■Petroleum refining□LNG■Chemical■Power generation, nuclear
power and new energy

0%2%

FY2017
144.5
64.8
730.8
109.1

153.7

95.7

50.0

63.2

6%
15%

FY2018FY2017FY2018253.4
97.9270.461.0■Others

1,208.3

13%61%■Oil & Gas development

52%11%30%

11%

FY2018MajorContracts

3%5%8%

886.6

7%【Unit: Billions of Yen】

■Japan240.3
98.1
112.3
264.5
40.5
101.2
29.3

■South East Asia
□Middle East
■Africa■Oceania■Europe & CIS■North America & Others

FY2018

204.4
102.6
68.1
177.5
31.2
0.0
624.2

Over 100 Billion Yen

Over 50 Billion Yen

Over 30 Billion Yen

LNG（Canada）

FLNG（Mozambique）
Gas Booster（Algeria）

Chemicals (Thailand)
Crude Oil Gathering, Processing（Algeria）
９7. Forecasts for Fiscal Year 2019
【Unit: Billions of Yen】

FY2018 Actual

Forecast

New contract

935.4

800.0

Net Sales

619.2

500.0

Gross Profit

44.9

40.0

Profit ratio

7.3%

8.0%

Operating income

23.2

19.0

Ordinary income

32.3

26.0

Income attributable toowners of the parent

24.0

10.0

¥28.50¥12.00-¥110.00

Annual dividend per share
Forecasts based on(￥/US$)10

Appendix

11Reference（Forecasts for Fiscal Year 2019 by segment）【Unit: Billions of Yen】

Net sales
Total Engineering
Funcitonal Materials
Manufacturing
OthersSegment profit

4451147

78112Reference（Net sales & New Contracts by Region）New Contracts

Net sales【Unit: Billions of Yen】

FY2017【Unit: Billions of Yen】

FY2018FY2017FY2018Japan

148.2(20.5%)

195.3(31.5%)

Japan

149.5(27.3%)

133.3(14.3%)

South East Asia

78.5(10.9%)64.0(10.3%)

South East Asia

59.1(10.8%)

94.1(10.1%)

Oceania146.7(20.3%)

30.6(5.0%)

Oceania73.6(13.4%)

21.3(2.3%)

Africa64.9(9.0%)

93.1(15.0%)

Africa178.6(32.6%)

2.0(0.2%)

Middle East

115.9(16.0%)

92.3(14.9%)

Middle East

47.9(8.7%)

40.5(4.3%)

Europe & CIS

113.7(15.7%)

116.8(18.9%)

Europe & CIS

21.6(4.0%)

30.0(3.2%)

North America& Others

17.2(3.2%)

613.9(65.6%)

Total

547.8(100.0%)935.4(100.0%)

North America& Others

54.7(7.6%)

26.9(4.4%)

Total

722.9

(100.0%)619.2(100.0%)13

Reference（Historical data chart）【Unit: Billions of Yen】

Operating income

Gross profit

Net sales
72.9

879.9
693.1

722.9

49.6

619.2

44.9

500.0

44.9

21.4

40.0

1.4

23.2

19.0

△ 21.4FY2015 FY2016 FY2017 FY2018 FY2019
ForecastFY2015 FY2016 FY2017 FY2018 FY2019Forecast

FY2015 FY2016 FY2017 FY2018 FY2019
Forecast

Ordinary income

Profit attributable toowners of the parent

New Contracts
935.4

42.7

52.0
32.3
24.9

800.0

26.0

16.5

24.0
10.0

506.2

547.8

FY2016FY2017320.6△ 22.0△ 15.2FY2015 FY2016 FY2017 FY2018 FY2019
Forecast

FY2015FY2016FY2017FY2018FY2019Forecast

FY2015FY2018FY2019Forecast

14

Cautionary Statement
This presentation may contain forward-looking statements that reflect JGC’s plans and expectations.
Such statements are based on currently available information and current assumptions of future
events which may not prove to be accurate. Such statements are also subject to various risks anduncertainties that could cause actual results to differ materially from those forward-looking statements.
JGC Corporation undertakes no obligation to update any forward-looking statements after the date ofthis presentation. These potential risks and uncertainties include, but are not limited to:•changes in general economic conditions, including foreign currency exchange rates, interest rates
and other factors that could affect our profitability•changes in government regulations or tax laws in jurisdictions where we conduct business

For questions concerning this material please contact:
JGC Corporation
PR and IR Department
Tel: 81-45-682-1111 Fax: 81-45-682-1112
E-mail：ir@jgc.com