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 Fiscal Year Ended March 31, 2021
[Japanese GAAP]May 12,2021
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 ordinary general meeting of shareholders: June 29,2021
Scheduled date of filing securities report: June 29,2021
Scheduled date of commencing dividend payments: June 30,2021
Availability of supplementary briefing material on financial results: Yes
Schedule of financial results briefing session: Yes (For analysts and financial institutions)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
March 31, 2021
352,000(6.9)
27,357
10.8
25,891
8.0
17,1892.3
March 31, 2020
378,135
5.0
24,6994.3
23,983
6.6
16,80389.6(Note) Comprehensive income: Fiscal year ended March 31, 2021: ¥20,494 million [43.3%]
Fiscal year ended March 31, 2020: ¥14,301 million [72.4%]
Basic earnings
Diluted earnings
Ordinary profit
Return on equity
per shareper share
to total assets ratio

Fiscal year ended
March 31, 2021
March 31, 2020

Operating profit
to net sales ratio

Yen

Yen

%

%

%

89.80
84.42

89.78
84.40

12.2
12.5

7.6
7.0

7.8
6.5

(Reference)Share of loss (profit) of entities accounted for using equity method:
Fiscal year ended March 31, 2021: ¥－million
Fiscal year ended March 31, 2020: ¥－million(2) Consolidated Financial Position
Total assets
As of March 31, 2021
As of March 31, 2020
(Reference) Equity:

Net assets

Equity ratio

Million yen

Million yen%

Net assets per shareYen

339,610
339,772

146,676
136,900

43.0
40.0

782.28704.86

As of March 31, 2021: ¥145,915 million
As of March 31, 2020: ¥136,058 million(3) Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2021
March 31, 2020

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen

29,154(3,102)(3,954)(3,016)(12,656)(13,244)

128,035
115,461

2. Dividends
Annual dividends

Fiscal year ended
March 31, 2020
Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022
(Forecast)

1stquarterend
Yen

2ndquarterend
Yen

3rdquarterend
Yen

－

15.00

－
－

Yearend

Total

Total
dividends
paid

Dividend
payout ratio(consolidated)

Ratio ofdividends toequity(consolidated)

Yen

Yen

Million yen

%

%

－

15.00

30.00

5,903

35.5

4.4

15.00

－

15.00

30.00

5,704

33.4

4.0

15.00

－

15.00

30.00

35.4

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March
31, 2022)(% indicates changes from the previous corresponding period.)
Net salesFirst half
Full year

Million yen%

157,000
372,000(13.3)
5.7

Operating profit

Ordinary profit

Profit attributableto owners of parent

Millionyen

Millionyen

Millionyen

8,500
24,900%(38.7)(9.0)

7,600
23,400%(40.0)(9.6)

5,100
15,800%(40.4)(8.1)

Basic earnings
per share
Yen

27.34
84.71

* Notes:(1) Changes in significant subsidiaries during the fiscal year ended March 31, 2021 (changes in specified subsidiaries
resulting in changes in scope of consolidation): No(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2021: 200,343,397 shares
March 31, 2020: 200,343,397 shares2) Total number of treasury shares at the end of the period:
March 31, 2021: 13,818,561 shares
March 31, 2020: 7,315,545 shares
3) Average number of shares during the period:
Fiscal year ended March 31, 2021: 191,421,835 sharesFiscal year ended March 31, 2020: 199,042,034 shares
The Company has adopted a performance-linked stock remuneration plan using a trust. The Company’s shares heldby the trust (357,131 shares) are included in the total number of treasury shares at the end of the period and theaverage number of shares during the period is calculated and stated taking into account shares held by the trust.

(Reference) Summery of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31,
2021)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2021
March 31, 2020

Operating profit

Ordinary profit

ProfitMillion yen%

Million yen%

Million yen%

Million yen%

332,922356,446(6.6)
7.1

25,71323,302

10.3
3.3

24,46922,787

7.4
4.9

16,19916,1680.2
90.7

Basic earnings
per share

Fiscal year ended
March 31, 2021
March 31, 2020

Diluted earnings
per share
Yen

Yen

84.63
81.23

84.61
81.21

(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2021
318,593
As of March 31, 2020
322,269(Reference) Equity: As of March 31, 2021: ¥136,646million
As of March 31, 2020: ¥129,328 million

Equity ratio

Million yen%

Net assets per shareYen

136,649
129,332

42.9
40.1

732.59670.002. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 toMarch 31, 2022)(% indicates changes from the previous corresponding period.)
Net salesFirst half
Full year

Million yen%

147,000
350,000(13.8)
5.1

Operating profit

Ordinary profit

Millionyen

Millionyen

7,900
23,100%(41.3)(10.2)

7,300
22,100%(41.4)(9.7)

Basic earnings
per share

ProfitMillionyen

5,000
15,100%(41.2)
(6.8)

Yen

26.81
80.95

* 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.

１. Consolidated Financial Statements(1) 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
Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Other
Accumulated depreciation
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of March 31, 2021

102,971

129,317

137,730

121,390

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

－
5,887
8,823
9,023
(12)
274,429

22,297
11,421
15,505
1,500(21,576)
29,148
1,572

23,64911,977
15,799852(22,723)
29,555
1,505

18,698
145
9,527
－
3,099
(1)
31,46962,190339,772

21,697
132
7,819
707
3,765
(1)
34,12065,181
339,610(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
Income taxes payable
Advances received on construction contracts inprogress
Deposits received
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 March 31, 2021

78,93070,624

17,391
341
4,812

16,312291
4,907

30,862

27,60827,461
2,371
2,679
955
6,699
6,881
179,386

30,512
2,129
2,595
1,248
5,996
11,756
173,984

691
8,712
45
12,776
148

400
8,271
37
8,857
139

93

116

1,016
23,485
202,872

1,127
18,949
192,934

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

17,006
19,919115,086(10,187)
141,824

1,880
116(1,287)709
4837
136,900
339,772

3,754
55
281
4,091
3
758
146,676
339,610

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)For the Fiscal year ended
March 31, 2020
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
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on reversal of provision for loss on damage due to fire
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 tax purpose reduction entry of non current assets
Loss on sales of non current assets
Loss on retirement of non-current assets
Loss on sales of investment securities
Loss on valuation of investment securities
Impairment loss
Loss on litigation
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

3(Million yen)
For the Fiscal year ended
March 31, 2021

358,190
19,944
378,135

331,549
20,451
352,000

314,013
16,905
330,918

287,106
16,729303,835

44,177
3,039
47,216
22,517
24,69944,443
3,722
48,16520,80827,357

110
315
310
736

38
327
103
469

422
135
336
558
1,452
23,983

333
849
19
733
1,935
25,891

733
－
86
254
1,074

27
354
12
160
555

315
－
30
－
142
69
－
46
603
24,454
7,875
(147)
7,727
16,727(76)
16,803

25
354
－
19
－
－
884
74
1,359
25,087
7,789
138
7,928
17,159(30)
17,189(Consolidated Statements of Comprehensive Income)(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities

For the Fiscal year ended
March 31, 2020
16,727For the Fiscal year ended
March 31, 2021
17,159(2,602)3103
69(2,425)
14,301

1,874
－
(107)
1,568
3,335
20,494

14,328(27)

20,571(76)

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-controlling interests4(3) Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2020)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of
periodChanges in items during
periodCapital surplus

17,006

Retained earnings

Treasury shares

92,945(255)

19,927

Total
shareholders'equity129,622

Dividends of surplus(6,004)(6,004)

Profit attributable to ownersof parent

16,803

16,803

Disposal of treasury shares(0)

Purchase of treasury shares
Change of scope of
consolidation
Net changes in items otherthan shareholders’ equity
Total changes in items during
period37

36(5,065)(5,065)(44)

Balance at end of period

(44)

－

(0)

10,754(5,028)5,726

17,006

19,926103,699(5,284)

135,348

Accumulated other comprehensive income

Balance at beginning of
periodChanges in items during
periodValuationdifference on
available-forsale securities

Deferred gains
or losses onhedges4,482(3)Foreigncurrencytranslation
adjustment

62

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights

Noncontrollinginterests

Total
net assets(1,356)

3,184

4

869

133,682

Dividends of surplus(6,004)

Profit attributable to ownersof parent

16,803

Disposal of treasury shares

36

Purchase of treasury shares(5,065)

Change of scope of
consolidation
Net changes in items otherthan shareholders’ equity
Total changes in items during
period(2,602)3

54

69(2,475)(0)(32)(2,507)(2,602)3

54

69(2,475)

(0)

(32)

3,218

Balance at end of period

1,880

－

116

(1,287)

709

4

837

136,900(44)

5

(Fiscal year ended March 31, 2021)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of
periodChanges in items during
periodCapital surplus

17,006

Retained earnings

Treasury shares

103,699(5,284)19,926

Total
shareholders'equity135,348

Dividends of surplus(5,802)(5,802)

Profit attributable to ownersof parent

17,18917,189

Disposal of treasury shares(7)

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

32

25(4,936)(4,936)－(7)

11,386(4,903)6,475

17,006

19,919115,086(10,187)

141,824

Accumulated other comprehensive income

Balance at beginning of
periodChanges in items during
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated othercomprehensive
income1,880

116(1,287)709

Shareacquisitionrights

Noncontrollinginterests

Total
net assets

4837

136,900

Dividends of surplus(5,802)

Profit attributable to ownersof parent

17,189

Disposal of treasury shares

25

Purchase of treasury shares(4,936)

Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

1,874

(61)

1,568

3,381

(1)

(79)

3,301

1,874

(61)

1,568

3,381

(1)

(79)

9,776

3,754

55

281

4,091

3

758

146,6766

(4) Consolidated Statements of Cash Flows(Million yen)
For the Fiscal year ended
March 31, 2020

For the Fiscal year ended
March 31, 2021

24,454
1,814
－
－
－
315
2

25,087
2,080
354
(354)
884
25
(1)

484

(241)

(778)

293

(1,043)

(702)

(87)
－
(426)
422
188
(112)
69
(56)
(19,059)(1,912)
(447)
(365)
333
(73)
(160)
－
(12)
16,317

Cash flows from operating activities
Profit before income taxes
Depreciation
Loss on tax purpose reduction entry of non current assets
Subsidy income
Impairment loss
Loss on damage due to fire
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for warranties forcompleted construction
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in provision for loss on damage
due to fire
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts
in progress
Decrease (increase) in other inventories
Decrease (increase) in advances paid
Increase (decrease) in trade payables
Increase (decrease) in advances received on
construction contracts in progress
Increase (decrease) in deposits received
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Compensation for damage paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of short-term and long-term investment
securities
Proceeds from sales of short-term andlong-term investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Proceeds from sales of intangible assets
Payments of leasehold and guarantee deposits
Subsidies received
Other, net
Net cash provided by (used in) investing activities

7

2,833

(963)

339
1,224
6,339

(4,136)990(8,289)(15,153)(3,245)(3,100)
280
4,288
3,239
446
(434)
(1,027)(5,326)(3,102)

3,050
3,254
5,865
37,630
393
(356)
(756)
(7,755)
29,154(1,474)
1,250

(60)
221

(855)

(429)

1,144

299

(3,805)(2,934)

234

16

289
(10)
40
169
(3,016)

－
(955)
354
(466)
(3,954)

(Million yen)

For the Fiscal year ended
March 31, 2020

For the Fiscal year ended
March 31, 2021

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation
Cash and cash equivalents at end of period

8

9
5,304
(7,398)358(393)(5,065)(6,004)(5)(48)(13,244)

(91)
4,107
(5,534)－(341)(4,936)(5,802)(2)(52)(12,656)

(184)

28

(19,547)
135,093

12,573
115,461(84)－

115,461

128,035

２. Non-Consolidated Financial Statements(1) Non-Consolidated Balance Sheets(Million yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable from completed construction
contracts
Accounts receivable- other business
Securities
Real estate for sale
Costs on construction contracts in progress
Costs on other business
Raw materials and supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment

9

As of March 31, 2021

95,467184
2,597

122,029296
6,547

132,080

111,900

836
14,000
511
4,555
740
3
67
12,907(13)
263,937

854
－
511
5,530
948
3
81
8,528
(12)
257,220

18,041(9,547)
8,493
2,174(1,797)377
3,744(2,864)
879
227
(180)
47
3,718
(3,221)497
13,559
353
(166)
187
495
24,53818,334(10,051)
8,282
2,174
(1,829)345
3,767(3,087)
679
186
(148)
37
3,780
(3,244)535
12,984
334
(141)
192
－
23,058(Million yen)
As of March 31, 2020
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital
Investments in capital of subsidiaries and associates
Long-term loans receivable
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andassociates
Claims provable in bankruptcy, claims provable inrehabilitation and other
Long-term prepaid expenses
Prepaid pension costs
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
Accounts payable for construction contracts
Accounts payable - other business
Short-term borrowings
Current portion of bonds
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received on construction contracts in progress
Advances received on other business
Deposits received
Unearned revenue
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

10

As of March 31, 2021

106
1,093
132
1,332

106
966
181
1,254

18,452
2,688
24
111
16
40

21,399
2,679
25
111
12
43

88

1,630

1

1

31
－
8,370
2,634
(1)
32,46058,331
322,269

98
447
7,378
3,231
(1)
37,06061,373
318,593

2,107
12,531
63,556408
17,305
341
71
2,500
37
4,319
29,999351
26,718
5
2,369
2,561
953
6,699
154
172,991

2,325
9,954
56,091
378
16,226
291
71
2,248
35
4,524
27,210337
29,454
2
2,128
2,459
1,248
5,996
3,475
164,463As of March 31, 2020
Non-current liabilities
Bonds payable
Long-term borrowings
Lease obligations
Provisions for retirement benefits
Provision for environmental measures
Provision for management board incentive plan
trust
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surpluses
Retained earnings
Other retained earning
Reserve for specified shares
Retained earnings brought forward
Total 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

11

As of March 31, 2021

691
8,155
124
9,899
148

400
7,799
132
7,957
139

93

116

493
337
19,944
192,936578
355
17,479181,943

17,00617,006

17,123
2,868
19,992

17,123
2,861
19,984－
95,737
95,737(5,284)
127,451

25
106,108
106,133(10,187)
132,936

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

3,709
3,709
3
136,649
318,593

(2) Non-Consolidated Statements of Income(Million yen)
For the Fiscal year ended
March 31, 2020

For the Fiscal year ended
March 31, 2021

351,527
4,918
356,446

328,044
4,878
332,922308,352
4,074
312,427

284,007
4,162
288,170

43,174844
44,01944,036715
44,751

257
22
6,753
2,125
650
1,299
330
281
430
1,347
102
2,741
183
3
284
42
950
890
1,095
70
851
20,71623,302

257
46
5,966
2,008
619
1,204
337
330
390
890
85
2,683
136
(1)
185
75
794
1,037
1,116
122
749
19,03825,713

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
Remuneration for directors (and other officers)
Provision for management board incentive plan trust
Employees' salaries and allowances
Provision for bonuses
Retirement benefit expenses
Legal welfare expenses
Welfare expenses
Repair and maintenance expenses
Stationery expenses
Communication and transportation expenses
Power utilities expenses
Research study expenses
Advertising expenses
Provision of allowance for doubtful accounts
Entertainment expenses
Donations
Rent expenses on land and buildings
Depreciation
Taxes and dues
Insurance expenses
Miscellaneous expenses
Selling, general and administrative expenses
Operating profit

12

For the Fiscal year ended
March 31, 2020
Non-operating income
Interest income
Interest on securities
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Interest on bonds
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on reversal of provision for loss on damage due to fire
Subsidy income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on damage due to fire
Loss on tax purpose reduction entry of non current assets
Loss on sales of non-current assets
Loss on sales of investment securities
Loss on valuation of investment securities
Impairment loss
Loss on litigation
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit13

For the Fiscal year ended
March 31, 2021

73
2
562
267
906

29
0
523
102
656

399
11
135
337
536
1,421
22,787

314
8
849
18
708
1,900
24,469

733
－
57
144
110
1,045

27
354
12
160
－
555

315
－
30
142
69
－
46
603
23,228
7,187
(127)
7,060
16,168

25
354
－
－
－
884
74
1,339
23,685
7,346
140
7,486
16,199(3) Non-Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2020)(Million yen)
Shareholders' equity
Capital surplus

SharecapitalRetained earnings
Otherretainedearnings

Total
shareholders'equityTotal
retainedearnings

Treasuryshares85,57385,573(255)

Dividends of surplus(6,004)(6,004)(6,004)

Profit16,16816,16816,168

Balance at beginning of
periodChanges in item during
periodLegalcapitalsurplus

OthercapitalsurplusTotal
capitalsurplus17,123

2,869

19,992

17,006

Disposal of treasury shares(0)

Retainedearnings
brought
forward(0)

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period(5,065)(5,065)(0)(0)

10,164

10,164(5,028)5,135

17,006

17,123

2,868

19,992

95,737

95,737(5,284)

127,451

Valuationdifference on
available-forsale securities

Total valuationand translation
adjustments

4,478

4,478

Share
acquisitionrightsTotal
net assets

4

126,798(6,004)

Profit16,168

Disposal of treasury shares

36

Purchase of treasury shares(5,065)

Balance at end of period

36－

Dividends of surplus

Net changes in items otherthan shareholders’ equity
Total changes in items during
period37－

Valuation and translation
adjustments

Balance at beginning of
periodChanges in item during
period122,316(2,601)(2,601)(0)(2,601)(2,601)(2,601)

(0)

2,533

1,876

1,876

4

129,332

14

(Fiscal year ended March 31, 2021)(Million yen)
Shareholders' equity
Capital surplus

SharecapitalRetained earnings

Legal
capitalsurplus

OthercapitalsurplusTotal
capitalsurplus17,123

2,868

19,992Other retained
earnings

Total
retainedearnings

TreasurysharesTotalshareholders'equity(5,284)

127,451

Reservefor
specifiedsharesRetainedearnings
brought
forward－95,737

95,737

Dividends of surplus(5,802)(5,802)(5,802)

Profit16,19916,19916,199Balance at beginning of
periodChanges in item during
period17,006

Disposal of treasury shares

(7)

(7)

Purchase of treasury shares
Reserve for specified shares
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

(25)

－

(4,936)
－

(7)

(7)

25

10,371

10,396(4,903)

5,485

17,006

17,123

2,861

19,98425

106,108

106,133(10,187)

132,936

Valuationdifference on
available-forsale securities

Total valuationand translation
adjustments

1,876

1,876

Share
acquisitionrightsTotal
net assets

4

129,332(5,802)

Profit16,199

Disposal of treasury shares

25

Purchase of treasury shares(4,936)

Reserve for specified shares－

Balance at end of period(4,936)－

Dividends of surplus

Net changes in items otherthan shareholders’ equity
Total changes in items during
period25－

Valuation and translation
adjustments

Balance at beginning of
periodChanges in item during
period

25

32

1,833

1,833

(1)

1,831

1,833

1,833

(1)

7,317

3,709

3,709

3

136,649

15

３. Supplementary Information(1) Results for the fiscal year ended March 31, 2021 and forecasts for the six months ending September 30, 2021
and full year
1. Non-consolidated(Unit: Million yen. Rounded down to the unit)

Items

Ordersreceived

Forecasts forthe six months
ending September
30, 2021

Full year
forecasts

193,575

120,000

101,527

50,000125,000

Building
construction

186,706

215,000

199,341

110,000

210,000

Total orders received

380,281

335,000

300,869

160,000

335,000

Civil engineering

124,314135,000

135,932

62,000140,000

227,213200,000

192,11180,000200,000

351,527

335,000

328,044

142,000

340,000

Civil engineering
Gross profit
on completed 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

ProfitFiscal year ending
March 31, 2022

Civil engineering

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

Tax expenses

Results forthe fiscal year
ended
March 31, 2020

Fiscal year ended
March 31, 2021
Forecasts forthe fiscal year
Results forended March
the fiscal year
31, 2021
ended March(announced in
31, 2021
August 2020)

21,96021,90023,303

10,10022,700[17.7％][16.2％][17.1％][16.3％][16.2％]

21,214

18,40020,732

6,700

17,900[9.3％][9.2％][10.8％][8.4％][9.0％]

43,17440,30044,036

16,80040,600[12.3％][12.0％][13.4％][11.8％][11.9％]

356,446

342,000

332,922147,000

350,000

44,01941,10044,751

17,30041,600[12.3％][12.0％][13.4％][11.8％][11.9％]

20,71619,00019,0389,400

18,50023,302

22,10025,713

7,900

23,100[6.5％][6.5％][7.7％][5.4％][6.6％](515)(1,500)(1,244)(600)(1,000)

[227]

[50]

[230]

[100]

[150]

22,787

20,60024,4697,300

22,100[6.4％][6.0％][7.3％][5.0％][6.3％]

441

－

(783)

－

－

23,22820,60023,6857,300

22,100[6.5％][6.0％][7.1％][5.0％][6.3％]

7,060

6,500

7,486

2,300

7,000

16,168

14,10016,1995,000

15,100[4.5％][4.1％][4.9％][3.4％][4.3％]

16

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

Items

Results forthe fiscal year
ended
March 31, 2020

Fiscal year ended
March 31, 2021
Forecasts forthe fiscal year
Results forended
the fiscal year
March 31, 2021
ended
(announced in March 31, 2021
August 2020)

Fiscal yearending
March 31, 2022
Forecasts forthe six months
ending September
30, 2021

Full year
Forecasts

Gross sales

378,135

365,000

352,000

157,000

372,000

Selling, general andadministrative expenses

22,517

20,50020,80810,30020,30024,69923,60027,3578,500

24,900[6.5％][6.5％][7.8％][5.4％][6.7％]

23,983

21,90025,891

7,600

23,400[6.3％][6.0％][7.4％][4.8％][6.3％]

16,80314,80017,1895,100

15,800[4.4％][4.1％][4.9％][3.2％][4.2％]

Operating profit
Ordinary profit
Profit attributable toowners of parent(2) Non-consolidated orders received, net sales, and year-end backlog(Orders received for the construction business)

Category

For the fiscal year ended
March 31, 2020
AmountDomestic
civil
engineering
Domesticbuilding
construction

Domestic

Government
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2021%

Amount

71,828[40.9]

Increase/decrease%

Amount% change

66,969[66.3](4,859)(6.8)

103,899[59.1]

33,978[33.7](69,921)(67.3)

Total
Government
sectorPrivate sector

175,72746.2

100,947

33.6(74,780)(42.6)

8,713

[5.1]

42,475[21.7]

33,761

387.5

163,580[94.9]

153,272[78.3](10,307)

(6.3)

Total
Government
sectorPrivate sector

172,29345.3

195,747

65.1

23,45313.6

80,541[23.1]

109,444[36.9]

28,90235.9

267,479[76.9]

187,251[63.1](80,228)(30.0)

Total

348,02191.5

296,695

98.6(51,326)(14.7)

Civil engineering
Building
construction
Total

17,847[55.3]

579[13.9](17,267)(96.8)

14,412[44.7]

3,593[86.1](10,818)(75.1)

32,259

8.5

4,173

1.4

(28,085)(87.1)

Civil engineering
Building
Sum total
construction
Total

193,575[50.9]

101,527[33.7](92,047)(47.6)

186,706[49.1]

199,341[66.3]

12,6356.8

380,281100.0

300,869

100.0(79,411)(20.9)

Overseas17

(Net sales for the construction business)

Category(Unit: Million yen, %)For the fiscal year ended
March 31, 2020
AmountDomestic
civil
engineering
Domesticbuilding
construction

Domestic

Overseas

Government
sectorPrivate sector
Total
Government
sectorPrivate sector

For the fiscal year ended
March 31, 2021%

AmountIncrease/decrease%

Amount% change

78,588[68.6]

85,019[66.1]

6,431

8.2

35,982[31.4]

43,638[33.9]

7,655

21.3

114,570

32.6

128,657

39.2

14,08712.3

30,130[14.3]

18,591[10.2](11,539)(38.3)

180,720[85.7]

164,052[89.8](16,667)

(9.2)

Total
Government
sectorPrivate sector

210,850

60.0

182,64455.7(28,206)(13.4)

108,718[33.4]

103,611[33.3](5,107)(4.7)

216,702[66.6]

207,690[66.7](9,012)

(4.2)

Total

325,42192.6

311,301

94.9(14,119)(4.3)

Civil engineering
Building
construction
Total

9,743

[37.3]

7,274[43.5](2,468)(25.3)

16,362[62.7]

9,467[56.5](6,895)(42.1)

Civil engineering
Building
Sum total
construction
Total

26,106

7.4

16,742

5.1(9,364)(35.9)

124,314[35.4]

135,932[41.4]

11,6189.3

227,213[64.6]

192,111[58.6](35,102)(15.4)

351,527100.0

328,044

100.0(23,483)

(6.7)

18

(Year-end backlog for the construction business)

Category

For the fiscal year ended
March 31, 2020
AmountGovernment
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2021%

AmountIncrease/decrease%

Amount% change

157,893[46.5]

139,843[44.8](18,050)(11.4)

181,619[53.5]

171,959[55.2](9,659)

(5.3)

Total
Government
sectorPrivate sector

339,51262.1

311,802

60.0(27,710)(8.2)

20,589[12.0]

44,472[24.1]

23,883116.0

150,900[88.0]

140,120[75.9](10,779)

(7.1)

Total
Government
sectorPrivate sector

171,48931.4

184,59335.5

13,103

7.6

178,482[34.9]

184,315[37.1]

5,833

3.3

332,519[65.1]

312,079[62.9](20,439)

(6.1)

Total

511,002

93.5

496,395

95.5(14,606)(2.9)

Civil engineering
Building
construction
Total

24,607[68.9]

18,033[77.7](6,573)(26.7)

11,089[31.1]

5,189[22.3](5,900)(53.2)

35,696

6.5

23,222

4.5(12,473)(34.9)

Civil engineering
Building
Sum total
construction
Total

364,119[66.6]

329,835[63.5](34,283)(9.4)

182,578[33.4]

189,782[36.5]

7,203

3.9

546,698

100.0

519,618100.0(27,080)(5.0)

Domestic
civil
engineering
Domesticbuilding
construction

Domestic

Overseas(Net sales for other businesses)

Category

Other businesses(Unit: Million yen, %)For the fiscal year ended
March 31, 2020

For the fiscal year ended
March 31, 2021

AmountAmount4,918

Amount4,878

19

Increase/decrease% change(40)(0.8)