[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In thecase that there is any discrepancy between the original Japanese version and this English version, the Japanese version shall prevail.
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)November 9, 2017

Summary of Consolidated Second Quarter Financial Results for Fiscal 2017(For the Year Ended March 31, 2018)
Name of listed company: JGC Corporation
Code number: 1963
Representative
Title: Representative Director, Chairman and Chief Executive Officer (CEO)Name: Masayuki Sato
Contact
Title: General Manager, Finance & Accounting Department
Name: Takehiko Hirose

Stock exchange: Tokyo

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

Note: All amounts are rounded down to the nearest million yen.

1. Consolidated Financial Results for 2Q of FY2017 (April 1, 2017 - September 30, 2017)(1) Consolidated financial results

Note: Percentage indicate changes from the previous term.

Net sales

Operating income(%)(Millions of yen)

(Millions of yen)(%)

Ordinary income(Millions of yen)(%)

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

344,845

8.3

13,522－

17,945－

12,407－2Q FY2016
318,367
Note:
Comprehensive income (millions of yen)

(27.0)(14,190)－(14,859)－(20,907)－

2Q FY2017

2Q FY2017 term

Earnings pershare

Earnings per share(diluted)

(Yen)

(Yen)

2Q FY2017

49.18

－

2Q FY2016(82.86)－

15,373(－%) 2Q FY2016 term

(23,419)(－%)(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)(%)

641,100646,291

390,860
383,260

60.8
59.1

As of September 30, 2017
As of March 31, 2017
Reference:
Shareholders' equity (millions of yen):Sep. 30, 2017:

Shareholders' equity ratio

389,887

Mar. 31, 2017382,215

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

2Q term-end

3Q term-end

Term-end

AnnualMar. 2017 term

－－－

30.00

30.00

Mar. 2018 term

－－－

25.00

25.00

Mar. 2018 term (Forecasts)
Note: Revision of dividend forecasts during this period: None

3. Earnings forecasts for FY2017 (April 1, 2017 - March 31, 20

Full Year

680,000(Millions of yen)(%)

(Millions of yen)(%)

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

26,000－30,000－21,000Operating income

Net sales(Millions of yen)

Note: Percentage indicate changes from the previous term.

(%)

(1.9)

Earnings pershare(Yen)

Full Year

83.23

Note: Revision of earnings forecast during this period: None

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Ordinary income－JGC Corporation

4. Others(1) Changes in scope of important consolidated important subsidiaries(increase)
None(decrease)
None(2) Adoption of simplified accounting methods or special accounting methods for preparing quarterly consolidated financial statements: Yes(3) Changes of accounting principles, procedures and presentation when preparing quarterly consolidated financial statement.
① Changes due to revisions of accounting standards:
None② Changes other than the above ①:None③ Changes in accounting estimates:
None④ Restatement:
None(4) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Sep. 2017 term:

259,052,929

Mar. 2017 term:

259,052,929

Mar. 2017 term:6,744,765② Number of treasury stock at term-end:
Sep. 2017 term:

6,745,091③ Average number of shares outstanding (second quarter term):
Sep. 2017 term:

252,308,023

Sep. 2016 term:

252,308,389(1) The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties.
Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment andexchange rate fluctuations.

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

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JGC Corporation

Consolidated Balance Sheets

2Q FY2017

FY2016(As of Sep. 30, 2017)(As of Mar. 31, 2017)(Millions of yen)

(Millions of yen)

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

166,610
190,907

185,603
196,199

36,801
3,219
3,320
3,570
30,04812,475
26,816(1,562)472,20735,026
3,764
2,210
2,968
23,252
12,411
20,940(1,512)
480,865

Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Leased assets
Construction in progress
Other
Accumulated depreciation

62,20868,49025,518
1,361
679
4,298
(93,736)
68,82062,36869,851
25,046
1,365
283
4,436
(93,474)
69,877

1,757
7,056
8,814

1,526
7,798
9,324

67,237
4,779
162
11,309
9,139
(595)
(774)
91,258168,892
641,100

60,6045,770
190
12,447
8,630
(644)
(774)
86,223
165,425
646,291

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Software
OtherTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Allowance for investment loss

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

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JGC Corporation

2Q FY2017

FY2016(As of Sep. 30, 2017)(As of Mar. 31, 2017)(Millions of yen)

(Millions of yen)LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts andother

90,663

97,612

Short-term loans payable

13,174

14,052

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

4,839
53,1002,069
22,412
4,652
79－
23,524
214,5173,523
45,0402,850
31,261
6,009
61
2,815
23,231
226,457

Long-term loans payable
Net defined benefit liability
Provision for directors' retirement benefits
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other

12,13815,919
272
421
3,125
3,845
35,722
250,240

12,631
15,934
275
383
3,125
4,222
36,573
263,031

Capital stock
Capital surplus
Retained earnings
Treasury shares

23,51125,609346,602(6,736)
388,986

23,51125,609341,764(6,736)384,148

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

10,249(358)(6,131)(565)(2,292)
900
972
390,860
641,100

7,954
(431)
(6,131)(755)(2,569)(1,933)
1,045
383,260
646,291

Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities

NET ASSETS
Shareholders' equity:

Total shareholders' equity
Accumulated other comprehensive income:

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

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JGC Corporation

Consolidated Statements of Income
2Q FY2017 term

2Q FY2016 term

(Apr. 1, 2017 Sep. 30, 2017)(Apr. 1, 2016 Sep. 30, 2016)(Millions of yen)

(Millions of yen)

Net sales

344,845

318,367

Cost of sales

320,121

321,049

Gross profit (loss)

24,724(2,682)

Selling, general and administrative expenses

11,201

11,508Operating income (loss)

13,522(14,190)

Interest income

1,384

920

Dividend income

1,894

2,649

Foreign exchange gains

840－Rent income on non-current assets

349

318

Share of profit of entities accounted for using equity method425268

Other

111

354

5,005

4,511

254

310

－

4,475

Rent expenses on non-current assets

169

140

Other

158

253

582

5,180

17,945(14,859)

Gain on sales of non-current assets－65

State subsidy

87

148

87

213

Loss on retirement of non-current assets

321

17

Loss on valuation of investment securities

285

383

027

607

428

Profit (loss) before income taxes

17,424(15,074)

Income taxes

4,891

5,723

Profit (loss)

12,533(20,798)

Profit attributable to non-controlling interests

125

109

Profit (loss) attributable to owners of the parent12,407(20,907)

Non-operating income:

Total non-operating income

Non-operating expenses:
Interest expenses
Foreign exchange losses

Total non-operating expenses

Ordinary income (loss)
Extraordinary Income:

Total extraordinary Income

Extraordinary loss:

Other
Total extraordinary loss

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JGC Corporation

Statements of Consolidated Comprehensive Income

Profit (loss)
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
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

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

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2Q FY2017 term

2Q FY2016 term

(Apr. 1, 2017 -(Apr. 1, 2016 -Sep. 30, 2017)

Sep. 30, 2016)(Millions of yen)

(Millions of yen)

12,533(20,798)

2,294
79
190
271
4

(1,474)(144)(1,260)255
22,84015,373(2,620)(23,419)

15,241
131(23,521)102

JGC Corporation

Consolidated Statements of Cash Flows

Years ended

Cash flows from operating activities:

2Q FY2017 term

2Q FY2016 term

(Apr. 1, 2017 Sep. 30, 2017)(Apr. 1, 2016 Sep. 30, 2016)(Millions of yen)

(Millions of yen)

Profit (loss) before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in net defined benefit liability
Interest and dividends income
Foreign exchange losses (gains)Share of (profit) loss of entities accounted for using equity method
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in accounts receivable-other
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on uncompleted construction contracts
Other
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Cash flows from operating activities

17,4243,509
51(8,605)46(3,278)(4,460)(425)
5,318(2,939)(6,571)(7,297)8,302(1,760)
(684)
3,039
(259)
(3,450)(1,354)(15,074)
4,033
(121)
6,989
111
(3,570)3,022(268)
11,651(11,055)
8,445(14,376)(5,926)(12,076)(28,215)
3,159
(278)
(6,964)(32,299)

Purchase of property, plant and equipment
Purchase of investment securities
Other
Cash flows from investing activities(3,645)(6,105)116(9,633)(5,198)(103)(8,203)(13,505)(7,566)(1,496)(9,062)
1,057(18,992)
185,603
166,610(10,719)(1,217)(11,936)(4,071)(61,812)
247,947
186,134

Cash flows from investing activities:

Cash flows from financing activities:

Cash dividends paid
Other
Cash flows from 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

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JGC Corporation

Segment Information【 Information by business segment 】
Second quarter (6 months) for FY 2016 (April 1, 2016 - September 30, 2016)(Millions of yen)Segment
Total
engineering

Catalysts andfine products

Others

Sub total

Grand total

Adjustment

Consolidated

Net sales
External customers

295,796

19,668315,465

2,902

318,367－

318,367

(0)

107

107

697

804

(804)

－Total295,796

19,776

315,5723,599

319,172(804)

318,367

Segment profit or loss

(17,390)

2,686(14,703)420(14,283)

92(14,190)

Inter-segment*1 : "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business and Oil and Gas Production Sales Business.
*2 : Segment profit or loss is adjusted to eliminate transactions between segments.
*3: Segment profit or loss is adjusted with the operating loss figure from the Consolidated Statements of Income.

(Millions of yen)

Second quarter (6 months) for FY 2017 (April 1, 2017 - September 30, 2017)
Segment
Total
Catalysts and
Sub totalengineering
fine products

OthersGrand total

Adjustment

Consolidated

Net sales
External customers
Inter-segment
Total
Segment profit

320,553

20,610341,164

3,681

344,845－

344,845

112

5118

805

923

(923)

－

320,666

20,615341,282

4,486

345,769(923)

344,845

8,963

3,418

12,382

1,073

13,45666

13,522*1 : "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business and Oil and Gas Production Sales Business.
*2 : Segment profits are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

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JGC Corporation

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)Domestic

March 31, 2017
Business area

Outstanding
Contracts

NewContracts

Oil and gas development

73

167

156

84

Petroleum refining

20,993

8,712

11,132

18,574

LNG

13,477636

10,1883,926

Chemical

23,960

8,640

7,048

25,552

139,523

13,542

7,022

146,043

7,102

7,175

4,332

9,944

7,413

23,482

3,625

27,270

713

5,636

2,423

3,926

Subtotal

213,256

67,99445,928235,322

Oil and gas development

230,724

64,78147,300248,205

Petroleum refining

162,368

1,968

36,411

127,925

LNG

365,678

203,201

157,418

411,461

Chemical

36,632

7,332

27,23916,726

17,817

1,525

5,386

13,956

39

18

42

15

195

70

21

243

7,932
821,388
1,033,849
795

4,522

4,484

7,970

283,421344,668
6,747

278,306
320,553
3,681

826,503
1,057,964
3,862

Power generation, nuclear power andnew energy
Living and general production facility
Environmental protection, social
development and IT
OthersOverseas

September 30, 2017

Power generation, nuclear power andnew energy
Living and general production facility
Environmental protection, social
development and IT
OthersSubtotal
Total Engineering Business
Others Business

Outstanding
Contracts

Sales

Subtotal
1,034,645
351,415
324,234
1,061,826
Catalysts and Fine Products Business－20,610－－Grand Total
1,034,645
351,415
344,845
1,061,826*1 Figures for each business area are exclusive of consumption and other taxes.
*2 The balance as of the end of previous fiscal year for outstanding contracts of "Total Engineering
Business" and "Others Business" have been revised to reflect foreign currency translation
adjustments and changes in contract amounts for the period as follows:(Millions of yen)

Business area

Foreigncurrencytranslation
adjustment

Revision forchanges incontract
amounts

TotalOil and gas development(1,367)(161)(1,529)Petroleum refining

2,726

(922)

1,804

LNG

(5,379)(8,717)

Chemical(1,229)(3,337)(209)(1,438)(765)－(765)－－－－－－

Power generation, nuclear power andnew energy
Living and general production facility
Environmental protection, social
development and IT
Others

(373)

(18)

(392)

Total

(6,389)(4,649)(11,039)

Total Engineering Business(6,383)(4,632)(11,015)

(17)

(23)

(5)
Other Business*3 All amounts are rounded down to the nearest million yen.

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