[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In thecase that there is any discrepancy between the original Japanese version and this English version, the Japanese version shall prevail.
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)February 13, 2020

Summary of Consolidated Third Quarter Financial Results for Fiscal 2019(For the fiscal year ended March 31, 2020)
Name of listed company: JGC HOLDINGS CORPORATION
Code number: 1963Representative
Title: Representative Director, Chairman of the Board & Chief Executive Officer (CEO)Name: Masayuki SatoContact
Title: General Manager, Group Finance & Accounting Department
Name: Shinichi Taguchi

Stock exchange: Tokyo

Tel: 045-682-1111
URL: https://www.jgc.com

1. Consolidated Financial Results for 3Q of FY2019(April 1, 2019 - December 31, 2019)(1) Consolidated financial results

Note: All amounts are rounded down to the nearest million yen. Percentage indicate changes from the previous term.

Net sales

Operating income(%)(Millions of yen)

(Millions of yen)

Profit attributable toowners of the parent

Ordinary income(%)(Millions of yen)(%)

(Millions of yen)(%)

3Q FY2019342,234(19.4)

13,451(11.8)

18,367(19.0)

4,784(51.9)

3Q FY2018424,635(20.0)

15,250(29.6)

22,664(18.6)

9,936(49.9)

Note: Comprehensive income (millions of yen):2,200((53.3%)) 3Q FY 2018 term:

3Q FY2019 term:

Earnings pershare

Earnings per share(diluted)

(Yen)

(Yen)

3Q FY2019

18.96

－

3Q FY201839.38－

4,714((81.7%))(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)(%)

686,484
708,855

404,589
410,350

58.9
57.7

As of December 31, 2019
As of March 31, 2019

Dec. 31, 2019:

Reference: Shareholders' equity (millions of yen):

404,173

Shareholders' equity ratio

Mar. 31, 2019:409,254

2. Dividends
Annual dividends per share (Yen)
1Q term-end

2Q term-end

3Q term-end

Term-end

AnnualMar. 2019 term

－－－

28.50

28.50

Mar. 2020 term

－－－
12.00

12.00

Mar. 2020 term (Forecast)
Note: Revision of dividend forecast during this period: None

3. Earnings forecasts for FY2019 (April 1, 2019 - March 31, 2020)
Net sales

Full Year

Note: Percentage indicate changes from the previous term.

Operating income

Profit attributable toowners of the parent(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

500,000(19.3)

19,000(18.3)

26,000(19.5)

10,000(58.3)

Earnings pershare(Yen)

Full Year

Ordinary income

39.63

Note: Revision of earnings forecast during this period: None1/8

JGC HOLDINGS CORPORATION

4. Others(1) Changes in scope of consolidated important subsidiaries(increase)
None(decrease)

None(2) Adoption of simplified accounting methods or special accounting methods for preparing quarterly consolidated financial statements: Yes(3) Changes of accounting principles, procedures and presentation① Changes due to revisions of accounting standards:
None② Changes other than the above ①:None③ Changes in accounting estimates:
None④ Restatement:
None(4) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Dec. 2019 term:

259,110,861

Mar. 2019 term

259,052,929

6,747,912

Mar. 2019 term

6,746,081

Dec. 2018 term

252,307,212② Number of treasury stock at term-end:
Dec. 2019 term:③ Average number of shares outstanding at term-end:
Dec. 2019 term:

252,335,252(1) This document is unaudited by certificated public accountants or audit firms.
(2) The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties.
Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment andexchange rate fluctuations.

(3) Forecasts based on : 110.00 yen/US$ 1.00

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JGC HOLDINGS CORPORATION

Consolidated Balance Sheets

3Q FY2019

FY2018(As of Dec. 31, 2019)(As of Mar. 31, 2019)(Millions of yen)

(Millions of yen)

ASSETS
Current assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts and other
Costs on uncompleted construction contracts
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Accounts receivable
Other
Allowance for doubtful accounts

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Leased assets
Construction in progress
Other
Accumulated depreciation

Total property, plant and equipment
Intangible assets
Software
Other

Total intangible assets-------------------Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

Total investments and other assets
Total non-current assets
Total assets

3/8

252,082
139,259

160,841
232,682

28,815
5,468
4,204
3,898
440
93,256
15,846(1,063)542,208

24,471
4,765
2,809
3,981
4,029
93,545
15,795(1,174)
541,747

56,81957,62018,462
308
2,049
4,353
(91,982)
47,63059,91464,574
18,491
314
935
4,402
(93,191)
55,440

4,014
5,417
9,432

4,180
5,862
10,04352,126
7,940
545
25,0989,466(7,963)87,213
144,276
686,484

68,993
4,626
604
25,197
10,179(7,978)
101,623
167,107
708,855

JGC HOLDINGS CORPORATIONLIABILITIESCurrent liabilities

Notes payable, accounts payable for construction contracts andother

3Q FY2019

FY2018(As of Dec. 31, 2019)(As of Mar. 31, 2019)(Millions of yen)

(Millions of yen)

68,93092,091

225

614

Current portion of bonds payable

20,000－

Income taxes payable
Advances received on uncompleted construction contracts
Provision for warranties for completed construction contracts
Provision for loss on construction contracts
Provision for bonuses
Provision for directors' bonuses
Other

2,450
101,024
1,317
12,2762,806
65
22,507
231,605

3,010
74,104
1,153
17,765
6,604
83
28,131
223,559

30,000311
15,950
203
846
366
1,014
1,597
50,290281,895

50,0003,949
15,874
305
1,464
649
1,014
1,687
74,945298,504

23,55425,653
373,738(6,739)416,207

23,51125,609376,145(6,738)418,526

Valuation difference on available-for-sale securities

7,169

7,239

Deferred gains or losses on hedges

(149)

(276)

(10,891)(7,016)(1,145)(12,033)
415
404,589
686,484(10,891)(3,968)(1,375)(9,272)
1,096
410,350
708,855

Short-term loans payable

Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Provision for directors' retirement benefits
Provision for loss on business liquidation
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other

Total non-current liabilities
Total liabilities

NET ASSETS
Shareholders' equity:
Capital stock
Capital surplus
Retained earnings
Treasury shares

Total shareholders' equity
Accumulated other comprehensive income:

Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

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JGC HOLDINGS CORPORATION

Consolidated Statements of Income
3Q FY2019 term

3Q FY2018 term

(Apr. 1, 2019 Dec. 31, 2019)(Millions of yen)

(Apr. 1, 2018 Dec. 31, 2018)(Millions of yen)

Net sales

342,234

424,635

Cost of sales

312,357

393,824

Gross profit

29,87630,810

Selling, general and administrative expenses

16,424

15,560Operating income

13,451

15,250Non-operating income:Interest income

3,023

2,787

Dividend income

2,272

2,211－

30

3,114

2,426

411

466

8,821

7,922

Non-operating expenses:
Interest expenses

122

344

Foreign exchange losses

3,551－

231

164

3,905

508

18,367

22,6642,161

0Gain on liquidation of subsidiaries and associates

－248

Other

10

9

2,171

258

Loss on retirement of non-current assets

153

123

Loss on sales of investment securities

3,211

150

823

8825

4,197

307

Profit before income taxes16,341

22,614

Income taxes

11,466

12,533

Profit4,875

10,081

91

144

4,784

9,936

Foreign exchange gains
Share of profit of entities accounted for using equity method
Other
Total non-operating income

Other
Total non-operating expenses
Ordinary income
Extraordinary income:Gain on sales of investment securities

Total extraordinary Income
Extraordinary loss:

Loss on valuation of investment securities
Other
Total extraordinary loss

Profit attributable to non-controlling interests
Profit attributable to owners of the parent

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JGC HOLDINGS CORPORATIONStatements of Consolidated Comprehensive Income

3Q FY2019 term

(Apr. 1, 2019 Dec. 31, 2019)(Millions of yen)
4,875ProfitOther comprehensive income:

3Q FY2018 term

(Apr. 1, 2018 Dec. 31, 2018)(Millions of yen)
10,081

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

(69)
212
(2,689)231(359)(3,110)(62)(3,025)282
550(2,675)
2,200(5,366)
4,714

Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

2,023
176

4,576
138

Comprehensive income
Comprehensive income attributable to:

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JGC HOLDINGS CORPORATION

Segment Information【 Information by business segment 】(Millions of yen)
Third quarter (9 months) for FY 2018 (April 1, 2018 - December 31, 2018)
Segment
FunctionalOthers
Grand total Adjustment Consolidated
Total Engineering
Sub total
Materials
Manufacturing
Net sales
External customers
386,080
34,368420,448
4,187
424,635－
424,635(1,272)－
1,272
Inter-segment
44－
44
1,228
425,907(1,272)424,635
Total
386,124
34,368420,492
5,415
Segment profit
8,296
5,933
14,230956
15,18762
15,250*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production SalesBusiness.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

(Millions of yen)
Third quarter (9 months) for FY 2019 (April 1, 2019 - December 31, 2019)
Segment
Functional
OthersGrand total Adjustment Consolidated
Total Engineering
Sub total
Materials
Manufacturing
Net sales
External customers
304,498
34,766339,265
2,968
342,234－
342,234(1,430)－1,430Inter-segment
42
10
52
1,377
343,664(1,430)342,234
Total
304,540
34,777339,318
4,346
Segment profit
8,049
5,177
13,227
153
13,38170
13,451*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production SalesBusiness.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

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JGC HOLDINGS CORPORATION

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2019
Business area

Outstanding
Contracts

NewContracts

Oil and gas development

1,558

348

921

986

Petroleum refining

9,616

11,734

9,199

12,150212－－212

Chemical47,130

18,431

18,424

47,137

Power generation, nuclear power andnew energy

88,413

11,04443,29656,160

Living and general production facility

31,502

20,53622,16929,868Environmental protection, social
development and IT

25,25922,994

9,819

38,433

Others

1,016

4,173

1,619

3,570

Subtotal

204,710

89,262

105,452

188,521

Oil and gas development

141,562

1,698

59,531

83,729Petroleum refining

55,7385,214

17,541

43,411

LNG

726,211

13,566

96,744

643,034

Chemical62,131

10,517

14,83057,819Power generation, nuclear power andnew energy

7,661

264

6,427

1,498

Living and general production facility

2,530

1,964

2,124

2,370

237

137

266

108

DomesticLNG

Overseas

December 31, 2019

Environmental protection, social
development and IT

Outstanding
Contracts

Sales

Others

2,453
4,883
4,549
2,787
998,527
Subtotal
38,247
202,015
834,759
Total Engineering Business
1,202,196
122,109
304,498
1,019,807
Others Business
1,041
5,400
2,968
3,473
Subtotal
1,203,238
127,510
307,467
1,023,280
Functional Materials Manufacturing
34,766－－－Grand Total
1,203,238
127,510342,234
1,023,280*1 Figures for each business area are exclusive of consumption and other taxes.
*2 The balance as of the end of previous fiscal year for outstanding contracts of "Total Engineering
Business" and "Others Business" have been revised to reflect foreign currency translation adjustments
and changes in contract amounts for the period as follows:(Millions of yen)

Business area

Foreigncurrencytranslation
adjustment

Revision forchanges incontract
amounts

Total(1,048)(343)(1,392)Petroleum refining

542

(5)

536

LNG

375

(4,441)

Chemical80(4,817)(5)Power generation, nuclear power andnew energy

(75)

418

343

Living and general production facility

(35)

11277

0(313)

(313)

(11)

(0)

(11)

(4,955)(4,953)(1)(5,126)(5,140)14

Oil and gas development

Environmental protection, social
development and IT
Others(171)
Total
Total Engineering Business(187)
15
Others Business*3 All amounts are rounded down to the nearest million yen.

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