Disclaimer: This document is a partial English translation of the Japanese original which is filed with the Tokyo Stock Exchange andis only for reference purposes. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2020
[Japanese GAAP]
August 6, 2020
Company name: HAZAMA ANDO CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Code number: 1719
URL: https://www.ad-hzm.co.jp/
Representative: Masato Fukutomi, Representative Director and President
Contact: Toshihisa Kino, Corporate Communication Department General Manager
Phone: +81-3-6234-3699
Scheduled date of filing quarterly securities report: August 6, 2020
Scheduled date of commencing dividend payments: ―Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2020 (April 1, 2020 to June 30, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2020
82,010
14.8
5,258
94.0
4,378
75.4
2,894
76.5
June 30, 2019
71,431
(2.4)
2,710
4.3
2,495
0.2
1,640
8.3
(Note) Comprehensive income: Three months ended June 30, 2020: ¥3,705 million [349.2%]
Three months ended June 30, 2019: ¥824 million [(52.8)%]
Basic earnings
per share

Three months ended
June 30, 2020
June 30, 2019

Diluted earnings
per share
Yen

Yen

15.00
8.21

14.99
8.21

(2) Consolidated Financial Position
Total assets

Net assets

Million yen

As of June 30, 2020
320,454
As of March 31, 2020
339,772(Reference) Equity: As of June 30, 2020: ¥136,950 million
As of March 31, 2020: ¥136,058 million

Equity ratio

Million yen%

137,704
136,900

42.7
40.0

2. Dividends
1stquarter-end
Fiscal year ended March 31, 2020
Fiscal year ending March 31, 2021

2ndquarter-end

Annual dividends
3rdYear-endquarter-end

Total

Yen

Yen

Yen

Yen

Yen

-

15.00

-

15.00

30.00

-

15.00

30.00

Fiscal year ending March 31, 2021
15.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently: Yes

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 to March
31, 2021)(% indicates changes from the previous corresponding period.)
Net sales
Million yen

Operating profit% Million yen

Profit attributable toowners of parent

Ordinary profit% Million yen% Million yen

First half
178,000
1.0
10,500(11.2)
9,000(21.5)
Full year
365,000(3.5)
23,600(4.5)
21,900(8.7)(Note) Revision to the financial results forecast announced most recently: Yes

6,000
14,800

Basic earnings
per share%Yen(21.9)(11.9)

31.08
76.67

In the “Consolidated Financial Results for the fiscal year Ended March 31, 2020” (announced on May 13, 2020), theCompany’s the financial results forecast for the fiscal year ending March 31, 2021(hereinafter referred to as “thefinancial results forecast”) was undecided as the effects of the spread of COVID-19 (Novel Coronavirus) upon its
future business performance had been difficult to calculate in a reasonable manner.
After the above announcement, the state of emergency was lifted in Japan and economic activities are beginning toshow signs of resumption throughout society, the Company is now able to calculate the certain forecasts as to orders
received. Moreover, even though there were interruptions, etc. in its some construction projects in progress, theCompany has already resumed them except its some overseas construction projects and is now able to calculate theoutlook of their progress.
From the above situation, the Company has calculated the financial results forecast based on the information and theestimates, etc. available at the present, and thus the Company announces it. However, the financial results forecast is
subject to fluctuate widely due to the timing of the convergence of COVID-19 or its influential range. the Company
will announce promptly if affairs impacting on its business performance have occurred.
Additionally, the annual dividend forecast for the fiscal year ending March 31, 2021 also remained undecided as thefinancial results forecast was undecided, but this time the Company announces it based on the financial result
forecast calculated.

* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2020 (changes in specified subsidiaries
resulting in changes in scope of consolidation): No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2020: 200,343,397 shares
March 31, 2020: 200,343,397 shares2) Total number of treasury shares at the end of the period:
June 30, 2020: 7,311,410 shares
March 31, 2020: 7,315,545 shares
3) Average number of shares during the period:
Three months ended June 30, 2020: 193,030,577 shares
Three months ended June 30, 2019: 199,776,366 shares
The Company has adopted a performance-linked stock remuneration plan using a trust. The Company’s shares
held by the trust (397,766 shares) are included in the total number of treasury shares at the end of the period andthe average number of shares during the period is calculated and stated taking into account shares held by thetrust.
* Explanation of the proper use of financial results forecast and other notes(1) The earnings forecasts and other forward-looking statements herein are based on information currently available to
the Company and certain assumptions deemed reasonable. Actual results may differ significantly due to a wide
range of factors.

2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Securities
Costs on construction contracts in progress
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of June 30, 2020

102,971

131,860

137,730

105,108

14,000
4,927
4,686
13,279(14)277,582

－
5,618
5,719
8,081
(10)
256,377

15,505
13,642
29,148
1,572

16,684
13,82530,5091,513

18,698
9,527
3,244
(1)
31,46962,190339,772

20,039
9,071
2,942
(1)
32,05264,076
320,454

(Million yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Short-term borrowings
Current portion of bonds
Advances received on construction contracts inprogress
Provision for warranties for completed construction
Provision for bonuses
Provision for loss on construction contracts
Provision for loss on damage due to fire
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Provision for environmental measures
Provision for management board incentive plan trust
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

2

As of June 30, 2020

78,93059,085

17,391341

17,315341

30,86235,571

2,371
2,679
955
6,699
39,155
179,386

2,472
737
558
6,215
37,127
159,426

691
8,712
45
12,776148
93
1,016
23,485
202,872

691
8,602
44
12,687
139
106
1,050
23,323
182,750

17,006
19,926103,699(5,284)
135,348

17,006
19,924
103,693(5,281)
135,3421,880
116(1,287)709
4837
136,900
339,7722,805
24(1,222)
1,607
3749
137,704
320,454

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(Three Months Ended June 30)(Million yen)
For the three months
ended June 30, 2019
Net sales
Net sales of completed construction contracts
Sales in other businesses
Total net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales in other businesses
Total cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit - other businessTotal gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Subsidy income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on damage due to fire
Loss on litigation
Loss on tax purpose reduction entry of non-current
assetsLoss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

3

For the three months
ended June 30, 2020

68,027
3,404
71,431

77,091
4,918
82,01060,017
2,948
62,96667,451
4,240
71,691

8,009
455
8,465
5,754
2,710

9,639
678
10,318
5,060
5,258

30
－
121
151

55
30
58
144

113
173
5
74
366
2,495

83
－
737
204
1,024
4,378

－
20
110
130

354
－
－
354

110
－

6
3

－

354

－
110
2,515
955
1,560
(79)
1,640

22
386
4,346
1,465
2,880
(14)
2,894

(Quarterly Consolidated Statements of Comprehensive Income)(Three Months Ended June 30)(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

4

For the three months
ended June 30, 2019
1,560

For the three months
ended June 30, 2020
2,880

（850）
0
45
68
(735)
824

925
－
(165)
65
824
3,705

885

3,793

(60)

(87)

3. (Reference) Quarterly Non-Consolidated Financial Statements(1) Quarterly Non-Consolidated Balance Sheets(Million yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Securities
Costs on construction contracts in progress
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of June 30, 2020

95,467

124,646

135,698

103,967

14,0004,555
1,254
12,975(13)
263,937

－
5,319
1,231
7,697
(10)
242,851

13,55910,97824,538
1,332

13,868
10,47824,347
1,278

21,141
8,370
2,949
(1)
32,46058,331
322,269

22,480
7,920
4,231
(1)
34,63060,256303,108

(Million yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Short-term borrowings
Current portion of bonds
Advances received on construction contracts inprogress
Provision for warranties for completed construction
Provision for bonuses
Provision for loss on construction contracts
Provision for loss on damage due to fire
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provisions for retirement benefits
Provision for environmental measures
Provision for management board incentive plan trust
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets

6

As of June 30, 2020

78,60358,792

17,305341

17,230341

29,99934,857

2,369
2,561
953
6,699
34,158172,991

2,470
615
556
6,215
31,765
152,844

691
8,155
9,899
148
93
955
19,944
192,936

691
8,066
9,888
139
106
978
19,872
172,717

17,00619,992
95,737(5,284)
127,451

17,006
19,98995,872(5,281)
127,587

1,876
1,876
4
129,332
322,269

2,800
2,800
3
130,391
303,108

(2) Quarterly Non-Consolidated Statements of Income(Three Months Ended June 30)(Million yen)
For the three months
ended June 30, 2019
Net sales
Net sales of completed construction contracts
Sales in other businesses
Total net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales in other businesses
Total cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit - other businessTotal gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Non-operating expenses
Ordinary profit
Extraordinary income
Extraordinary losses
Profit before income taxes
Income taxes
Profit7

For the three months
ended June 30, 2020

66,849694
67,54476,428
747
77,176

59,135
540
59,676

66,783609
67,393

7,713
154
7,868
5,200
2,668
368
354
2,681
110
110
2,681
863
1,818

9,644
138
9,783
4,620
5,162
332
1,012
4,483
354
386
4,451
1,414
3,036

4. Supplementary Information(1) Results for the three months ended June 30, 2020 and forecasts for the six months ending September 30, 2020and full year
1. Non-consolidated(Unit: Million yen. Rounded down to the unit)

Results for the threemonths ended June30, 2019

Results for the threemonths ended June30, 2020

Civil engineering

85,606

Building construction

Fiscal year ending March 31, 2021
Forecasts for the six
months ending
September 30, 2020

Full year forecasts

15,18140,000120,000

25,19626,33680,000215,000

Total orders received

110,803

41,518120,000

335,000

Civil engineering
Net sales ofcompleted Building construction
construction
Total net sales ofcontracts
completed
construction contracts

23,97230,53263,500135,000

42,87745,896

100,000

200,000

66,84976,428

163,500

335,000

4,500[18.8%]
3,213[7.5%]
7,713

5,202[17.0%]
4,442[9.7%]
9,644

10,300[16.2%]
9,100[9.1%]
19,40021,900[16.2%]
18,400[9.2%]
40,300[11.5%][12.6%][11.9%][12.0%]

67,544

77,176167,000

342,000

7,868[11.6%]

9,783[12.7%]

19,800[11.9%]

41,100[12.0%]

5,200

4,620

9,700

19,0002,668[4.0%]
13
[189]

5,162
[6.7%]（679)[179]

10,100[6.0%](1,300)[100]

22,100[6.5%](1,500)[50]

2,681[4.0%]

4,483[5.8%]

8,800[5.3%]

20,600[6.0%]

(0)

(32)

―

―

2,681
[4.0%]

4,451[5.8%]

8,800[5.3%]

20,600[6.0%]Tax expenses

863

1,414

2,800

6,500

Profit1,818[2.7%]

3,036[3.9%]

6,000[3.6%]

14,100[4.1%]

Items

Ordersreceived

Civil engineering
Gross profit
oncompleted Building construction
construction
Total gross profit oncontracts
completed construction
contracts

Gross sales
Gross profit
Selling, general andadministrative expenses
Operating profit
Non-operating income/expenses[Interest income/expenses]
Ordinary profit
Extraordinary income/losses
Profit before income taxes

82. Consolidated(Unit: Million yen. Rounded down to the unit)

Fiscal year ending March 31, 2021
Results for the threemonths ended June30, 2019

Results for the threemonths ended June30, 2020

Forecasts for the six
months ending
September 30, 2020

Gross sales

71,43182,010178,000

365,000

Selling, general andadministrative expenses

5,754

5,060

10,50020,500Operating profit

2,710[3.8%]

5,258[6.4%]

10,500[5.9%]

23,600[6.5%]

Ordinary profit

2,495[3.5%]

4,378[5.3%]

9,000[5.1%]

21,900[6.0%]

Profit attributable toowners of parent

1,640[2.3%]

2,894[3.5%]

6,000[3.4%]

14,800[4.1%]

Items

Full year forecasts(2) Non-consolidated orders received, net sales, and backlog(Orders received for the construction business)

Category
Government
sectorPrivatesector
Total
Government
sectorDomestic
Privatebuilding
sectorconstruction
Total
Government
sectorPrivateDomestic
sectorTotal
Civil
engineering
Building
Overseas
construction
Total
Civil
engineering
Building
Sum total
construction
Total
Domestic
civil
engineering(Unit: Million yen, %)For the three months
ended June 30, 2019

For the three months
ended June 30, 2020

AmountAmount%%Increase/decrease

Results for the fiscal year
ended March 31, 2020

Amount% changeAmount

%

5,836

[7.1]

13,242[88.9]

7,405

126.9

71,828[40.9]

76,892[92.9]

1,647[11.1](75,244)(97.9)

103,899[59.1]

82,72874.7

14,88935.9(67,839)(82.0)

175,727

46.2

1,135

[5.5]

3,490

[13.4]

2,354

207.3

8,713

[5.1]

19,489[94.5]

22,589[86.6]

3,100

15.9

163,580[94.9]

20,624

18.6

26,079

62.8

5,454

26.4

172,293

45.3

6,972

[6.7]

16,732[40.8]

9,759

140.0

80,541[23.1]

96,381[93.3]

24,236[59.2](72,144)(74.9)

267,479[76.9]

103,353

93.3

40,96998.7(62,384)(60.4)

348,021

91.5

2,877

[38.6]

292[53.2](2,585)(89.9)

17,847[55.3]

4,571[61.4]

257[46.8](4,314)(94.4)

14,412[44.7]

7,449

6.7

549

1.3

(6,900)(92.6)

32,2598.5

85,606[77.3]

15,181[36.6](70,425)(82.3)

193,575[50.9]

25,196[22.7]

26,336[63.4]

1,140

4.5

186,706[49.1]

110,803

100.0

41,518100.0(69,284)(62.5)

380,281100.0

9

(Net sales for the construction business)

Category
Government
sectorDomestic
Privatecivil
sectorengineering
Total
Government
sectorDomestic
Privatebuilding
sectorconstruction
Total
Government
sectorPrivateDomestic
sectorTotal
Civil
engineering
Building
Overseas
construction
Total
Civil
engineering
Building
Sum total
construction
Total(Unit: Million yen, %)For the three months
ended June 30, 2019

For the three months
ended June 30, 2020

AmountAmount%%Increase/decrease

Results for the fiscal year
ended March 31, 2020

Amount% changeAmount%15,094[69.2]

20,279[70.7]

5,184

34.3

78,588[68.6]

6,727[30.8]

8,418[29.3]

1,690

25.1

35,982[31.4]

21,822

32.6

28,697

37.5

6,874

31.5

114,570

32.6

5,155

[13.2]

4,619[10.8](535)(10.4)

30,130[14.3]

33,826[86.8]

38,222[89.2]

4,396

13.0

180,720[85.7]

38,981

58.3

42,841

56.1

3,860

9.9

210,850

60.0

20,250[33.3]

24,898[34.8]

4,648

23.0

108,718[33.4]

40,553[66.7]

46,640[65.2]

6,086

15.0

216,702[66.6]

60,80491.0

71,53893.6

10,734

17.7

325,421

92.6

2,149

[35.6]

1,834[37.5](314)(14.6)

9,743[37.3]

3,896[64.4]

3,054[62.5](841)(21.6)

16,362[62.7]

6,045

9.0

4,889

6.4

(1,155)(19.1)

26,106

7.4

23,972[35.9]

30,532[39.9]

6,560

27.4

124,314[35.4]

42,877[64.1]

45,896[60.1]

3,018

7.0

227,213[64.6]

66,849100.0

76,428

100.0

9,579

14.3

351,527100.0

10

(Backlog for the construction business)

Category
Government
sectorDomestic
Privatecivil
sectorengineering
Total
Government
sectorDomestic
Privatebuilding
sectorconstruction
Total
Government
sectorPrivateDomestic
sectorTotal
Civil
engineering
Building
Overseas
construction
Total
Civil
engineering
Building
Sum total
construction
Total(Unit: Million yen, %)For the three months
ended June 30, 2019

For the three months
ended June 30, 2020

Amount%Amount%155,395[45.8]

150,856

183,866[54.2]

339,261

Results for the fiscal year
ended March 31, 2020

Increase/decrease
Amount% changeAmount%[46.3](4,538)(2.9)

157,893[46.5]

174,848[53.7](9,017)(4.9)

181,619[53.5]

60.4

325,704

63.7(13,556)(4.0)

339,51262.1

37,986[19.8]

19,459[12.6](18,526)(48.8)

20,589[12.0]

153,703[80.2]

135,267[87.4](18,435)(12.0)

150,900[88.0]

191,69034.1

154,72730.2(36,962)(19.3)

171,48931.4

193,382[36.4]

170,316[35.5](23,065)(11.9)

178,482[34.9]

337,569[63.6]

310,116[64.5](27,453)(8.1)

332,519[65.1]

530,95194.5

480,432

93.9(50,519)(9.5)

511,002

93.5

17,177[55.6]

22,972[73.5]

5,794

33.7

24,607[68.9]

13,738[44.4]

8,293[26.5](5,445)(39.6)

11,089[31.1]

30,916

5.5

31,265

6.1

349

1.1

35,696

6.5

356,439[63.4]

348,677[68.1](7,761)(2.2)

364,119[66.6]

205,428[36.6]

163,020[31.9](42,407)(20.6)

182,578[33.4]

561,868

100.0

511,698

100.0(50,169)(8.9)

546,698

100.0(Net sales for other businesses)

Category

Other businesses(Unit: Million yen, %)For the three months
ended June 30, 2019

For the three months
ended June 30, 2020

AmountAmount
694

747

11

Results for the fiscal year
ended March 31, 2020

Increase/decrease
Amount% change52

7.6

Amount4,918