Financial statements
1.Consolidated financial statements(1)Consolidated Balance Sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivablefrom completed construction contracts andother
Costs on construction contracts inprogress
Other inventories
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipmentIntangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of March 31, 2024

11,895

13,031

61,16364,777

1,335

1,476

60
1,790
488
△1376,719

70
3,119
860
△105
83,2296,859△3,773
3,086
1,607
2,494
△1,905
589
5,283

6,474
△3,601
2,873
1,461
2,353
△1,813
539
4,874

1,067
2,064
3,131

974
2,0002,975

4,732
1,220
970
1,492
△515
7,900
16,31593,034

6,513
1,839
638
1,697
△515
10,172
18,022
101,251

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable for construction
contracts
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Accounts payable - other
Income taxes payable
Advances received on construction
contracts in progress
Provision for warranties for completed
construction
Provision for loss on construction
contracts
Suspense receipt of consumption taxes
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
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-forsale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assetsAs of March 31, 2024

15,333

17,605

1,460
348
－
204
1,583

6,460
4,626
1,040
246
2,390

4,638

4,197

573

614

38

319

4,588
6,421
35,1904,342
3,339
45,181

1,640
6,884
213
4,292
146
13,17648,367

600
2,258
211
4,168
126
7,363
52,5459,614
2,186
30,919△73
42,6469,614
2,202
32,499△64
44,251

1,103

2,398

486
△237

846
126

1,352

3,371

668
44,66793,034

1,083
48,705
101,251

(2)Consolidated Statement of Income(Millions of yen)
Fiscal year ended
March 31, 2023
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
Selling expenses
General and administrative expenses
Total selling, general and administrative
expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted forusing equity method
Foreign exchange gains
Subsidy income
late charges income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Commission expenses
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit

Fiscal year ended
March 31, 2024

141,758

149,415

2,678
144,436

3,261
152,676

127,416

136,2541,880
129,296

2,273
138,527

14,341

13,161797
15,139988
14,14909,447

010,091

9,447

10,091

5,691

4,057

25
88

78
106

33163
57
－
151
488

207
1075
148
631

105
42106－
7262
5,918

1313810790
14382
4,306

(Millions of yen)
Fiscal year ended
March 31, 2023
Extraordinary income
Gain on sale of non-current assets
OtherTotal extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Loss on valuation of investment securities
Loss on valuation of other investments
Loss on valuation of membership
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent

Fiscal year ended
March 31, 2024

760
0760

2,819
02,819－
1145
1610－
173
6,505
2,111
△122,099
4,406

428415－
6113
7,012
2,404
△399
2,004
5,007

206

336

4,200

4,670

(3)Consolidated Statement of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

Fiscal year ended
March 31, 2024

4,406

5,007

107

1,294

595

427

△50363

653
5,059

2,084
7,092

4,768

6,688

291

403

(4) Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2022 to March 31,2023)(Millions of yen)
Shareholders' equity

Balance at beginning ofperiod

Share capital

Capital surplus

9,614

2,178

Retainedearnings

Treasury shares

Total
shareholders'equity△2741,415

29,648Changes during period
Profit attributable toowners of parent

4,200

4,200

Dividends of surplus△2,929△2,929Purchase of treasury
sharesRestricted stockpayment
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

7△102△10255

63－－

71,270

△46

1,231

9,614

2,186

30,919△7342,646

Accumulated other comprehensive incomeValuation
Foreign currency Remeasurements
difference ontranslationof defined
available-foradjustment
benefit planssale securities
Balance at beginning ofperiod996△24△187

Total
accumulated
othercomprehensive
income784

Non-controlling
Total net assetsinterests

673

42,873

Changes during period
Profit attributable toowners of parent

－

4,200

Dividends of surplus－△2,929－△102－

63

Purchase of treasury
sharesRestricted stock
payment
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

107

510

△50568

△5562

107

510

△50568△51,794

1,103

486

△237

1,352

668

44,667

(4) Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2023 to March 31,2024)(Millions of yen)
Shareholders' equity

Balance at beginning ofperiod

Share capital

Capital surplus

9,614

2,186

Retainedearnings

Treasury shares

Total
shareholders'equity△73

42,64630,919Changes during period
Profit attributable toowners of parent

4,670

4,670

Dividends of surplus△3,091△3,091

Purchase of treasury
sharesRestricted stock
payment
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

16

△162

△162171

188－－

16

1,579

91,6059,6142,202

32,499△6444,251

Accumulated other comprehensive income
Valuation
Foreign currency Remeasurements
difference ontranslationof defined
available-foradjustment
benefit planssale securities
Balance at beginning ofperiod

1,103

486

△237

Total
accumulated
othercomprehensive
income1,352

Non-controlling
Total net assetsinterests

668

44,667

Changes during period
Profit attributable toowners of parent

－

4,670

Dividends of surplus－△3,091－

△162－

188

Purchase of treasury
sharesRestricted stock
payment
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

1,294360

363

2,018

414

2,432

1,294

360

363

2,018

414

4,038

2,398

846

126

3,371

1,083

48,705

(5)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for
doubtful accounts
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in net defined benefit
asset and liability
Interest and dividend income
Interest expensesForeign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on valuation of membership
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction
contracts in progress
Decrease (increase) in inventories
Decrease (increase) in accounts receivable other
Increase (decrease) in trade payables
Loss (gain) on valuation of investment
securities
Increase (decrease) in accounts payable other
Increase (decrease) in advances received on
construction contracts in progress
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale and redemption ofinvestment securities
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Other, net
Net cash provided by (used in) investing
activities

Fiscal year ended
March 31, 2024

6,505820
145

7,012
79484

△5291

△60280△164△221△113105△115△760－△5,966△185131△151△2,814
6△3,373866△141

16△10872△1,327△2,0162,146

1615△2249170

△503

3,056
3,301
113
△104
△1,957△3,522△1,639232△131△1,6301,354△3,169196△7698△134893

2,999△75△9△294△91815△4035△8△603229342,649

(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Net decrease (increase) in treasury shares
Dividends paid
Proceeds from share issuance to noncontrolling shareholders
Dividends paid to non-controlling interests
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 ofperiod
Cash and cash equivalents at end of period

Fiscal year ended
March 31, 2024

△700

4,995

700
△346
△102
△2,915－△348△162△3,074－10△296△10△3,661

1,410271344△1,101

1,234

12,898

11,796

11,796

13,031