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, 2023
[Japanese GAAP]May 12,2023
Company name: HAZAMA ANDO CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Code number: 1719
URL: https://www.ad-hzm.co.jp/
Representative: Kazuhiko Kuniya, Representative Director and President
Contact: Toshihisa Kino, Corporate Communication Department General Manager
Phone: +81-3-3575-6094
Scheduled date of ordinary general meeting of shareholders: June 29,2023
Scheduled date of filing securities report: June 29,2023
Scheduled date of commencing dividend payments: June 30,2023
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, 2023 (April 1, 2022 to March 31, 2023)(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, 2023
372,146
9.4
19,853(25.4)
19,608(24.1)
15,187 (14.1)
March 31, 2022
340,293(3.4)
26,600(2.8)
25,838(0.2)
17,6712.8(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥16,985 million [1.5%]
Fiscal year ended March 31, 2022: ¥16,740 million [(18.3)%]
Basic earnings
Diluted earnings
Ordinary profit
Return on equity
per shareper share
to total assets ratio

Fiscal year ended
March 31, 2023
March 31, 2022

Operating profit
to net sales ratio

Yen

Yen

%

%

%

94.02
98.84

－
98.84

10.8
12.3

6.4
8.1

5.3
7.8

(Reference)Share of profit (loss) of entities accounted for using equity method:
Fiscal year ended March 31, 2023: ¥ (53) million
Fiscal year ended March 31, 2022: ¥ (273) million(2) Consolidated Financial Position
Total assets
As of March 31, 2023
As of March 31, 2022
(Reference) Equity:

Net assets

Equity ratio

Million yen

Million yen%

Net assets per shareYen

318,014295,332

141,324
141,68244.2
47.7

897.84834.00

As of March 31, 2023: ¥140,485 million
As of March 31, 2022: ¥140,921 million(3) Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen

32,272(36,086)(4,740)(4,549)(18,425)(22,565)

74,32664,739

2. Dividends
Annual dividends

Fiscal year ended
March 31, 2022
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
(Forecast)

1stquarterend
Yen

2ndquarterend
Yen

3rdquarterend
Yen

－

20.00

－
－

Yearend

Total

Total
dividends
paid

Dividend
payout ratio(consolidated)

Ratio ofdividends toequity(consolidated)

Yen

Yen

Million yen

%

%

－

20.00

40.00

7,012

40.5

4.9

20.00

－

20.00

40.00

6,420

42.5

4.6

30.00

－

30.00

60.00

69.0

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March
31, 2024)(% indicates changes from the previous corresponding period.)
Net salesFirst half
Full year

Million yen%

175,000
400,000

6.5
7.5

Operating profit

Ordinary profit

Profit attributableto owners of parent

Millionyen

Millionyen

Millionyen

5,300
20,500%(33.3)
3.3

4,700
19,700%(46.2)
0.5

2,900
13,600%(62.2)(10.5)

Basic earnings
per share
Yen

18.53
86.92

* Notes:(1) Changes in significant subsidiaries during the fiscal year ended March 31, 2023 (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: Yes
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, 2023: 181,021,197 shares
March 31, 2022: 181,021,197 shares2) Total number of treasury shares at the end of the period:
March 31, 2023: 24,550,993 shares
March 31, 2022: 12,050,920 shares
3) Average number of shares during the period:
Fiscal year ended March 31, 2023: 161,531,437 sharesFiscal year ended March 31, 2022: 178,786,100 shares
The Company’s shares held by the management board incentive plan trust (628,754shares) and the employee stock
ownership plan trust (706,400 shares) are included in the total number of treasury shares at the end of the period
and the average number of shares during the period is calculated and stated taking into account shares held by thetrust.

(Reference) Summery of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31,2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2023
March 31, 2022

Operating profit

Ordinary profit

ProfitMillion yen%

Million yen%

Million yen%

Million yen%

344,804
315,867

9.2(5.2)

18,264
24,114(24.3)(6.2)

18,43323,939(23.0)(2.2)

14,535
16,558(12.2)
2.2

Basic earnings
per share

Fiscal year ended
March 31, 2023
March 31, 2022

Diluted earnings
per share
Yen

Yen

89.98
92.62

－
92.61

(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2023
297,035
As of March 31, 2022
275,120(Reference) Equity: As of March 31, 2023: ¥128,779million
As of March 31, 2022: ¥130,730million

Equity ratio

Million yen%

Net assets per shareYen

128,779
130,73043.4
47.5

823.03773.692. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 toMarch 31, 2024)(% indicates changes from the previous corresponding period.)
Net salesFirst half
Full year

Million yen%

162,000
369,000

7.7
7.0

Operating profit

Ordinary profit

Millionyen

Millionyen

5,500
19,500%(27.7)
6.8

5,100
19,000%(41.8)
3.1

Basic earnings
per share

ProfitMillionyen

3,400
13,300%(56.4)
(8.5)

Yen

21.73
85.00

* Explanation of the proper use of financial results forecast and other notes
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, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
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, 2023

66,08075,597140,431145,094

4,075
7,930
9,567
(14)
228,070

3,667
7,079
14,101(160)
245,379

22,894
12,87915,852
1,961(23,400)
30,186
1,542

23,48911,251
15,486
3,253(22,125)
31,355
1,610

20,960
73
7,091
2,546
4,862
(1)
35,532
67,262
295,332

25,020
62
6,455
3,518
5,081
(470)
39,66872,634
318,014

(Million yen)
As of March 31, 2022
Liabilities
Current liabilities
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
Provision for employee stock ownership 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
Deferred gains or losses on hedges
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

2

As of March 31, 2023

47,134
16,676237
3,071

54,474
16,489127
3,962

18,23733,26834,038
1,442
2,690
595
3,921
12,343140,388

40,873
2,784
2,883
653
－
8,700
164,217

162
7,640
37
3,816
138
162
－
1,302
13,261
153,650

35
7,463
31
3,198
138
207
303
1,092
12,472
176,689

17,006
17,058114,124(10,422)
137,766

17,006
17,058
122,656(21,106)
135,614

2,996
(345)
85
417
3,154
761
141,682
295,332

3,845
178
203
644
4,871
839
141,324
318,014(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)For the Fiscal year ended
March 31, 2022
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
Foreign exchange gains
Late charges income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses
Commission expenses
Compensation for damage
Other
Total non-operating expenses
Ordinary profit

3(Million yen)
For the Fiscal year ended
March 31, 2023

316,153
24,139340,293

345,858
26,288372,146

273,098
20,332
293,431306,530
23,592
330,12243,054
3,806
46,861
20,261
26,60039,3272,695
42,023
22,17019,853

25
291
－
166
343
827

73
374
329
－
223
1,001

320
273
104
154
376
359
1,588
25,838

350
53
－
187
428
227
1,246
19,608

For the Fiscal year ended
March 31, 2022
Extraordinary income
Compensation for damage received
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
Impairment loss
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 valuation of investment securities
Head office relocation expenses
Loss on litigation
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

4(Million yen)
For the Fiscal year ended
March 31, 2023

－
－
67
－
241
308

2,700
305
94
63
179
3,344

180
－
66
18
115
27
306
42
757
25,390
6,768
949
7,717
17,672
1
17,671

－
75
90
－
73
71
338
3
653
22,299
6,978
142
7,120
15,178(9)15,187

(Consolidated Statements of Comprehensive Income)(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

For the Fiscal year ended
March 31, 2022
17,672For the Fiscal year ended
March 31, 2023
15,178

(758)
34
136

848
207
226

(345)

524

(932)
16,7401,806
16,985

16,734
5

16,90480

5

(3) Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2022)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of period

Capital surplus

17,006

Retainedearnings

19,919Total
shareholders'equityTreasuryshares115,086(10,187)

141,824

Changes in items during period
Dividends of surplus(6,423)(6,423)

Profit attributable to owners of parent

17,671

17,671

Purchase of treasury shares(15,328)(15,328)

(23)

45

22

(15,047)

15,047－

Disposal of treasury shares
Cancellation of treasury shares
Transfer from other retained earnings
to other capital surplus
Net changes in items otherthan shareholders’ equity

12,210(12,210)－(2,861)

(961)

(234)

(4,057)

17,006

17,058114,124(10,422)

137,766

Total changes in items during period
Balance at end of period－

Accumulated other comprehensive income
Valuationdifference on
availablefor-salesecurities

Balance at beginning of period

3,754

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights

Noncontrollinginterests

Total
net assets

55

281

4,091

3

758

146,676－

Changes in items during period
Dividends of surplus(6,423)

Profit attributable to owners of parent

17,671

Purchase of treasury shares(15,328)

Disposal of treasury shares

22

Cancellation of treasury shares－

Transfer from other retained earnings
to other capital surplus
Net changes in items otherthan shareholders’ equity

－
(758)

(345)

30

136

(936)

(3)

3

(936)

Total changes in items during period

(758)

(345)

30

136

(936)

(3)

3

(4,994)

Balance at end of period

2,996

(345)

85

417

3,154

－

761

141,6826

(Fiscal year ended March 31, 2023)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of period

Retainedearnings

Capital surplus

17,006

17,058

Total
shareholders'equityTreasury shares

114,124(10,422)

137,766

Changes in items during period
Dividends of surplus(6,656)(6,656)

Profit attributable to owners of parent

15,187

15,187Purchase of treasury shares(10,691)(10,691)

Disposal of treasury shares

7

7

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

－

－

8,531

(10,683)(2,152)

17,006

17,058

122,656(21,106)

135,614

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
availablefor-salesecurities

Deferred gains
or losses onhedges

2,996

(345)

Foreigncurrencytranslation
adjustment

85

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensive
incomeNoncontrollinginterests

417

3,154

761

Total
net assets

141,682

Changes in items during period
Dividends of surplus(6,656)

Profit attributable to owners of parent

15,187Purchase of treasury shares(10,691)

Disposal of treasury shares

7

Net changes in items otherthan shareholders’ equity

848

524

117

226

1,716

77

1,794

Total changes in items during period

848

524

117

226

1,716

77

(357)

3,845

178

203

644

4,871

839

141,324

Balance at end of period7(4) Consolidated Statements of Cash Flows(Million yen)
For the Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Loss on tax purpose reduction entry of non-current assets
Subsidy income
Compensation for damage received
Loss on damage due to fire
Impairment loss
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
Share of loss (profit) of entities accounted for using equity
methodDecrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts
in progress
Decrease (increase) in other inventories
Decrease (increase) in advances paid
Decrease (increase) in consumption taxes refund receivable
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
Proceeds from compensation for damage
Proceeds from insurance income
Net cash provided by (used in) operating activities

8

For the Fiscal year ended
March 31, 2023

25,390
2,410
66
(67)
－
180
－
1

22,299
2,100
90
(94)
(2,700)
－
75
615

(686)

1,341

(653)

58

(2,075)(305)(4,964)(1,719)
(317)
320
181
(241)

(195)
(1,077)
(447)
350
(370)
(179)

273

53

(18,961)(4,647)

1,518

408

893
606
(118)
(23,506)

850(168)(3,736)
7,326(9,151)

15,021

3,525(2,521)
4,429(25,184)290(298)(2,210)(8,683)－－(36,086)

6,835(1,026)(2,430)40,045419(350)(5,467)(6,204)2,700
1,130
32,272

(Million yen)
For the Fiscal year ended
March 31, 2022
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 refund of leasehold and guarantee deposits
Payments for investments in capital of subsidiaries andassociates
Subsidies received
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
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
Cash and cash equivalents at end of period

9

For the Fiscal year ended
March 31, 2023

(1,345)
1,281(1,241)
1,467

(433)

(3,071)358

336(2,558)(2,999)

20

347

236

712

(1,876)

－

67
(300)
(4,549)94(386)(4,740)(31)
4,291(4,570)(291)(15,328)(6,423)(2)(208)(22,565)

(81)
4,611
(4,953)(237)(10,631)(6,656)(2)(474)(18,425)

(94)

479

(63,295)
128,035
64,7399,586
64,73974,326(Change in accounting policy)
The Company has adopted ASBJ Guidance No.31“Implementation Guidance on Accounting Standard for Fair Value
Measurement” (June 17, 2021) (hereinafter referred to as “The Guidance”) since the beginning of the current
consolidated fiscal year, and adopts the new accounting policies specified in The Guidance into the future, in
accordance with the transitional treatment specified in Paragraph 27-2 of The Guidance.
For your information, there is no impact caused by the application on the consolidated financial statements.

10２. Non-Consolidated Financial Statements(1) Non-Consolidated Balance Sheets(Million yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable from completed construction
contracts
Accounts receivable- other business
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

11

As of March 31, 2023

56,845
3,937
2,855

64,940984
2,083

131,736

140,426

764
504
4,420
903
2
57
8,896
(14)
210,910

631
504
3,488
988
1
60
13,341(159)
227,292

17,495(9,914)
7,580
2,113(1,788)324
3,850(3,263)
586
174
(151)
23
3,787
(3,360)426
12,979
408
(188)
220
1,658
23,80018,110(9,788)
8,321
2,056(1,764)291
2,931(2,469)
461
165
(144)
20
3,313
(2,760)552
12,704
471
(220)
250
2,893
25,496

(Million yen)
As of March 31, 2022
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
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

12

As of March 31, 2023

106
989
190
1,285

106
982
253
1,341

20,680
2,679
25
1,987
9
－
1,783

24,641
2,785
25
1,987
5
1

1

470

52
2,167
6,638
3,098
(1)
39,12364,209275,120

85
3,244
6,027
2,384
(472)
42,90569,742
297,035

48,401
342
16,590
237
82
4,719
35
2,500
17,599284
32,452
2
1,440
2,567
594
3,921
872
132,644

55,295355
16,403
127
91
2,712
38
3,698
32,113601
38,396
2
2,781
2,752
622
－
469
156,4621,719

As of March 31, 2022
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
Provision for employee stock ownership plan trust
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal 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
Total net assets
Total liabilities and net assets

13

As of March 31, 2023

162
7,254
153
2,989
138
162
－
565
317
11,744
144,389

35
7,163
177
2,874
138
207
303
535
355
11,792
168,255

17,00617,006

17,123
17,123

17,123
17,12325
104,033
104,058(10,422)
127,765－
111,937
111,937(21,106)
124,960

2,965
2,965
130,730
275,120

3,818
3,818
128,779
297,035

(2) Non-Consolidated Statements of Income(Million yen)
For the Fiscal year ended
March 31, 2022

For the Fiscal year ended
March 31, 2023

310,790
5,077
315,867

339,634
5,170
344,804

268,700
4,422
273,123

301,159
4,882
306,041

42,090654
42,74438,474288
38,762

257
64
5,500
1,963
－
450
1,126
397
253
402
976
84
2,923
165
1
－
199
64
869
1,117
987
97
725
18,62924,114

284
52
5,911
2,163
92
409
1,225
407
230
478
1,104
107
3,105
181
615
12
304
70
782
983
959
162
850
20,497
18,264

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
Provision for employee stock ownership plan trust
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
Bad debt expenses
Entertainment expenses
Donations
Rent expenses on land and buildings
Depreciation
Taxes and dues
Insurance expenses
Miscellaneous expenses
Selling, general and administrative expenses
Operating profit

14

For the Fiscal year ended
March 31, 2022
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Late charges income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Interest on bonds
Commission expenses
Foreign exchange losses
Compensation for damage
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Compensation for damage received
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
Impairment loss
Loss on valuation of investment securities
Head office relocation expenses
Loss on litigation
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit15

For the Fiscal year ended
March 31, 2023

24
563
－
166
353
1,107

70
702
331
－
224
1,329

306
5
154
100
376
337
1,281
23,939

340
3
187
－
428
201
1,160
18,433

－
－
27
－
241
268

2,700
305
－
55
179
3,241

180
27
－
27
306
42
107
691
23,517
5,942
1,016
6,958
16,558

－
－
75
71
338
3
66
555
21,119
6,363
221
6,584
14,535

(3) Non-Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2022)(Million yen)
Shareholders' equity

Capital surplus

Retained earnings

Other retained
earnings
Reserve
Retainedforearnings
specifiedbrought
sharesforwardTotal
retainedearnings

TreasurysharesTotalshareholders'equity106,108

106,133(10,187)

132,936

Dividends of surplus(6,423)(6,423)(6,423)

Profit16,55816,55816,558

Balance at beginning of period

SharecapitalLegalcapitalsurplus

OthercapitalsurplusTotal
capitalsurplus17,006

17,123

2,861

19,98425

Changes in items during period

Purchase of treasury shares
Disposal of treasury shares
Cancellation of treasury shares
Transfer from other retained
earnings to other capital surplus
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period(15,328)

(23)

(23)

45

22

(15,047)(15,047)

15,047－

12,21012,210(12,210)(12,210)－－－(2,861)(2,861)－(2,075)(2,075)(234)(5,170)17,006

17,123－

17,12325

104,033

104,058(10,422)

127,765

Valuation and translation adjustments
Valuation difference
on available-for-salesecurities
Balance at beginning of period(15,328)

3,709

Total valuationand translation
adjustments
3,709

Share
acquisitionrightsTotal
net assets
3

136,649

Changes in items during period
Dividends of surplus(6,423)

Profit16,558Purchase of treasury shares(15,328)

Disposal of treasury shares

22

Cancellation of treasury shares－

Transfer from other retained
earnings to other capital surplus
Net changes in items otherthan shareholders’ equity
Total changes in items during
period

(744)

(744)

(3)

(747)

(744)

(744)

(3)

(5,918)

Balance at end of period

2,965

2,965

－

130,730－

16

(Fiscal year ended March 31, 2023)(Million yen)
Shareholders' equity

Capital surplus

Retained earnings

Other retained earnings
Reserve for
Retained
specifiedearnings
sharesbrought
forwardTotal
retainedearnings

TreasurysharesTotalshareholders'equity104,033

104,058(10,422)

127,765

Dividends of surplus(6,656)(6,656)(6,656)

Profit

14,535

14,535

14,535

SharecapitalBalance at beginning of period

17,006

LegalcapitalsurplusTotal
capitalsurplus17,123

17,12325

Changes in items during period

Purchase of treasury shares(10,691)(10,691)

Disposal of treasury shares

7

7

Reversal of reserve for specified
sharesNet changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

(25)

25

－

－

－

－

(25)

7,903

7,878

(10,683)(2,805)17,006

17,123

17,123－111,937

111,937(21,106)

124,960

Valuation and translation adjustments

Balance at beginning of period

Valuation difference
on available-for-salesecurities

Total valuation andtranslation adjustments

2,965

2,965

Total
net assets
130,730

Changes in items during period
Dividends of surplus(6,656)

Profit

14,535Purchase of treasury shares(10,691)

Disposal of treasury shares

7

Reversal of reserve for specified
sharesNet changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

－

－
853

853

853

853

853

(1,951)

3,818

3,818

128,77917

３. Supplementary Information(1) Results for the fiscal year ended March 31, 2023 and forecasts for the six months ending September 30, 2023
and full year
1. Non-consolidated(Unit: Million yen. Rounded down to the unit)

Items

Results forthe fiscal year
ended
March 31, 2022

Fiscal year ended
March 31, 2023
Forecasts forthe fiscal year
Results forended March
the fiscal year
31, 2023
ended March(announced in
31, 2023
November 2022)

Fiscal year ending
March 31, 2024
Forecasts forthe six months
ending September
30, 2023

Full year
forecasts

Civil engineering

122,593

125,000

103,274

42,300125,000

Building
construction

187,250

230,000

244,946

125,000

250,000

Total orders received

309,843

355,000

348,220

167,300

375,000

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

132,264

135,000

133,430

60,000133,000

178,526

210,000

206,203

99,000230,000

310,790345,000

339,634

159,000

363,000

Ordersreceived

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
Tax expenses
Profit21,46722,70021,2468,800

21,500[16.2％][16.8％][15.9％][14.7％][16.2％]

18,60020,62218,00017,2277,000[11.6％][8.6％][8.4％][7.1％][8.1％]

42,09040,70038,47415,80040,100[13.5％][11.8％][11.3％][9.9％][11.0％]

315,867

353,000

344,804

162,000

369,000

42,74441,50038,762

16,10040,800[13.5％][11.8％][11.2％][9.9％][11.1％]

18,62919,70020,497

10,60021,30024,11421,80018,2645,500

19,500[7.6％][6.2％][5.3％][3.4％][5.3％]

(500)

(174)

300

168

(400)

[275]

[300]

[429]

[150]

[200]

23,93922,10018,433

5,100

19,000[7.6％][6.3％][5.3％][3.1％][5.1％]

(422)

2,600

2,685

―

―

23,517

24,70021,1195,100

19,000[7.4％][7.0％][6.1％][3.1％][5.1％]

6,958

7,500

6,584

1,700

5,700

16,55817,20014,5353,400

13,300[5.2％][4.9％][4.2％][2.1％][3.6％]

18

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

Items

Fiscal year ended
March 31, 2023
Results for
Forecasts forthe fiscal year
the fiscal year
Results for
ended
ended
the fiscal year
March 31, 2022
March 31, 2023
ended
(announced in March 31, 2023
November 2022)

Fiscal yearending
March 31, 2024
Forecasts forthe six months
ending September
30, 2023

Full year
Forecasts

Gross sales

340,293377,000

372,146

175,000

400,000

Selling, general andadministrative expenses

20,261

21,40022,17011,50023,00026,60023,20019,8535,300

20,500[7.8％][6.2％][5.3％][3.0％][5.1％]

25,838

23,10019,6084,700

19,700[7.6％][6.1％][5.3％][2.7％][4.9％]

17,671

17,70015,1872,900

13,600[5.2％][4.7％][4.1％][1.7％][3.4％]

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, 2022
AmountDomestic
civil
engineering
Domesticbuilding
construction

Domestic

Government
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2023%

Amount

%80,672[65.9]

54,595[55.0]

Increase/decrease
Amount(26,076)% change(32.3)

41,760[34.1]

44,726[45.0]

2,966

7.1

Total
Government
sectorPrivate sector

122,432

39.5

99,322

28.5(23,110)(18.9)

29,467[16.9]

69,842[31.5]

40,375137.0

145,009[83.1]

151,677[68.5]

6,667

4.6

Total
Government
sectorPrivate sector

174,476

56.3

221,51963.6

47,04227.0

110,139[37.1]

124,438[38.8]

14,29813.0

186,770[62.9]

196,404[61.2]

9,633

5.2

Total

296,90995.8

320,84292.1

23,932

8.1

160

[1.2]

3,952

[14.4]

3,791

2,365.6

12,773[98.8]

23,426[85.6]

10,653

83.4

12,933

4.2

27,3787.9

14,445

111.7

122,593[39.6]

103,274[29.7](19,318)(15.8)

187,250[60.4]

244,946[70.3]

57,69530.8

309,843100.0

348,220100.0

38,377

12.4

Civil engineering
Building
Overseas
construction
Total
Civil engineering
Building
Sum total
construction
Total

19

(Net sales for the construction business)

Category

Domestic
civil
engineering
Domesticbuilding
construction

Domestic

Government
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2022

For the fiscal year ended
March 31, 2023

AmountAmount%%Increase/decrease
Amount% change

76,435[61.3]

77,905[61.7]

1,469

1.9

48,200[38.7]

48,299[38.3]

98

0.2

Total
Government
sectorPrivate sector

124,63640.1

126,204

37.2

1,567

1.3

26,661[15.6]

33,387[18.0]

6,725

25.2

144,758[84.4]

152,339[82.0]

7,580

5.2

Total
Government
sectorPrivate sector

171,42055.2

185,72654.7

14,305

8.3

103,097[34.8]

111,292[35.7]

8,195

7.9

192,959[65.2]

200,638[64.3]

7,678

4.0

Total

296,057

95.3

311,93191.8

15,8735.4

7,627[51.8]

7,225[26.1]

(401)

(5.3)

7,106

[48.2]

20,476[73.9]

13,370188.2

Civil engineering
Building
Overseas
construction
Total
Civil engineering
Building
Sum total
construction
Total

14,733

4.7

27,702

8.2

12,96988.0

132,264[42.6]

133,430[39.3]

1,166

0.9

178,526[57.4]

206,203[60.7]

27,676

15.5

310,790100.0

339,634

100.0

28,843

9.3

20

(Year-end backlog for the construction business)

Category
Government
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2022

For the fiscal year ended
March 31, 2023

AmountAmount%%Increase/decrease
Amount% change

144,013[46.5]

120,704[42.7](23,309)(16.2)

165,466[53.5]

161,894[57.3](3,572)

(2.2)

Total
Government
sectorPrivate sector

309,48059.7

282,598

53.5(26,881)(8.7)

47,277[25.2]

83,732[37.5]

36,45477.1

140,291[74.8]

139,629[62.5]

(661)

(0.5)

Total
Government
sectorPrivate sector

187,569

36.2

223,361

42.3

35,792

19.1

191,291[38.5]

204,436[40.4]

13,1456.9

305,758[61.5]

301,524[59.6](4,234)

(1.4)

Total

497,04995.8

505,960

95.8

8,910

1.8

Civil engineering
Building
Overseas
construction
Total

10,664[49.3]

7,539[34.1](3,124)(29.3)

10,969[50.7]

14,569[65.9]

3,600

32.8

21,633

4.2

22,109

4.2

476

2.2

Civil engineering
Building
Sum total
construction
Total

320,144[61.7]

290,138[54.9](30,006)(9.4)

198,538[38.3]

237,931[45.1]

39,39319.8

518,683100.0

528,070

100.0

9,386

1.8

Domestic
civil
engineering
Domesticbuilding
construction

Domestic(Net sales for other businesses)

Category

Other businesses(Unit: Million yen, %)For the fiscal year ended
March 31, 2022

For the fiscal year ended
March 31, 2023

AmountAmount5,077

Amount5,170

21

Increase/decrease% change93

1.8