Consolidated Financial Results
for the Nine Months Ended March 31,2021[Japanese GAAP]May 14, 2021
Company name: Nippon Koei Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1954
URL: https://www.n-koei.co.jp/english/
Representative: Ryuichi Arimoto, Representative Director and President
Contact: Yasushi Hirusaki, Director General, Corporate Management Headquarters, Director
Phone: +81-3-3238-8040
Scheduled date of filing quarterly securities report: May 14, 2021
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: None
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended March 31,2021 (July 1, 2020 to March 31, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net income attributable
Net sales
Operating income
Ordinary income
to owners of parent
Nine months ended
Million yen%
Million yen% Million yen% Million yen%
March 31, 2021
85,833
2.0
8,506
71.3
8,491
65.9
3,705
8.7
March 31, 2020
84,129
13.4
4,965
69.1
5,119
89.3
3,408 132.2(Note) Comprehensive income: Nine months ended March 31, 2021: ¥6,217 million [138.2 %]Nine months ended March 31, 2020: ¥2,610 million [187.0%]
Net income per share
Nine months ended
March 31, 2021
March 31, 2020

Yen
245.00225.03

Diluted net income
per shareYen-(2) Consolidated Financial Position
Total assets
Net assets
As ofMillion yen
Million yen
March 31, 2021
160,793
64,429June 30, 2020
130,215
59,470(Reference) Equity: As of March 31, 2021: ¥63,109 million
As of June 30, 2020: ¥58,245 million

Equity ratio
%
39.2
44.7

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end
quarter-end
quarter-end
Yen
Yen
Yen
Yen
Fiscal year ended June 30, 2020
75.00
Fiscal year ending June 30, 2021
Fiscal year ending June 30, 2021 (Forecast)
75.00(Note) Revision to the forecast for dividends announced most recently: None

1

Total
Yen
75.00
75.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2021 (July 1, 2020 to June 30, 2021)(% indicates changes from the previous corresponding period.)
Net income attributable
Net income
Net sales
Operating income
Ordinary income
to owners of parent
per share[Japanese
Million yen% Million yen% Million yen%
Million yen
%
Yen
GAAP]
Full year
116,600
3.9
7,100 54.7
7,000
52.1
2,600
(4.7)
171.90
Revenue

Operating income

Income before Tax

Income attributable toowners of parent

Basic earnings
per shareYen
224.79[IFRS]
Million yen% Million yen% Million yen%
Million yen%
Full year
117,200
6,200
5,700
3,400
(Note) 1. Revision to the financial results forecast announced most recently: Yes
2. The Company has decided to voluntarily apply International Financial Reporting Standards (IFRS) from theyear-end of fiscal year ending June 30, 2021. Accordingly, in addition to the consolidated financial results
forecast based on Japanese GAAP, the Company discloses financial estimates based on IFRS. The percentagechange from the fiscal year ended June 30, 2020, for which the Japanese GAAP was applied, is not shown in
the above table.
* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): None
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock)
As of March 31, 2021
: 15,948,054 shares
As of June 30, 2020
: 15,933,058 shares2) Total number of treasury stock at the end of the period
As of March 31, 2021:
899,426 shares
As of June 30, 2020:
861,023 shares
3) Average number of shares during the period
Nine months ended March 31,2021: 15,125,221 shares
Nine months ended March 31,2020: 15,148,064 shares* These consolidated financial results are not subject to quarterly audit procedures by certified public accountants or
audit firms.

* Explanation of the proper use of financial results forecast and other notes(Caution regarding forward-looking statements)
The earnings forecasts and other forward-looking statements disclosed herein are based on information available to
the Company as of the date of publication of this document and certain assumptions deemed reasonable. Actual results,
etc. may differ significantly due to a wide range of factors.

2

Table of Contents of Attachment
1. Qualitative Information on Quarterly Financial Results ............................................................................................. 2(1) Explanation of Operating Results .......................................................................................................................... 2(2) Explanation of Financial Position .......................................................................................................................... 4(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Statements ....................... 4
2. Quarterly Consolidated Financial Statements and Primary Notes .............................................................................. 5(1) Quarterly Consolidated Balance Sheet .................................................................................................................. 5(2) Quarterly Consolidated Statement of Income and Comprehensive Income .......................................................... 7(3) Quarterly Consolidated Statement of Cash Flows ................................................................................................. 8(4) Notes to Quarterly Consolidated Financial Statements ......................................................................................... 9(Notes on Going Concern Assumption) ................................................................................................................ 9(Notes on Significant Changes in Shareholders’ Equity) ...................................................................................... 9(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements) .. 9
(Segment Information, etc.)................................................................................................................................. 10(Significant Subsequent Events).......................................................................................................................... 12
3. Other Information ...................................................................................................................................................... 13(1) Status of Orders and Sales ................................................................................................................................... 13

1

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
During the nine months ended March 31, 2021 (July 1, 2020 to March 31, 2021), the Japanese economy remainedin a difficult position due to COVID-19, but the trend toward economic recovery had continued while involving
weakness in some parts. We need to pay close attention to the impact of the infection on the domestic andinternational economy. Similarly, we need to closely monitor the impact of fluctuations in financial and capital
markets.
With regard to the business environment surrounding Nippon Koei Co., Ltd. (the “Company”) and its subsidiaries(together, the “Group”), the Domestic Consulting Business is expected to remain strong since the Japanese
government’s budget for public works projects in fiscal year 2021 is expected to maintain at the same level as theprevious fiscal year. On the other hand, the future of the International Consulting Business is uncertain due to thetravel restrictions accompanying the spread of COVID-19, although it is expected that the Japanese government
will continue with its high-quality infrastructure system export strategy. In the Power Engineering Business, newbusiness opportunities and competition are expected to arise as a result of the reform of the electric power system,
while the severe business environment is expected to continue as customers continue to request cost reductions
when upgrading existing electric power facilities. In the Urban & Spatial Development Business, while the impactof Brexit on demand for architectural design in the U.K. is a continuing concern, demand for infrastructuredevelopment is expected to increase as urbanization progresses in Asian countries. In the Energy Business, demand
for renewable energy is expected to grow as the world shifts to development of low-carbonization and energy
resource decentralization.
Under these circumstances, based on the Medium-Term Management Plan “NK-Innovation 2021” (from July
2018 to June 2021), with the fundamental principles of “Continue evolution into global consulting and engineering
firm,” the Group tackled the five business strategies of “Enhancement of operating system for Railways Business,”“Overseas expansion of Urban & Spatial Development Business,” “Establishment of Energy Business,” “Creationof businesses and overseas expansion of Consulting Business,” and “Product development and overseas expansionof Power Engineering Business.” Moreover, as group-wide measures to realize these goals, the Group actively
advanced “Establishment of one-stop marketing system,” “Investment in technologies and human resources,” and“Enhancement of group governance.”
On the other hand, the Group is taking steps to prevent COVID-19 with an active defense system to protect the
lives and health of employees and their families and to minimize the impact on customers. Our internal policy is topromote telework and other work style reforms, developing relevant infrastructure and various rules, and achieving
a work-life balance and improving productivity. We are taking measures to secure sufficient cash reserves in orderto prepare for uncertainty in business activities, such as long-term borrowing of funds and increasing working
capital line of credit and commitment lines.
Although some businesses were affected by the spread of COVID-19 and the Group ended the nine months of the
fiscal year with orders received having decreased 14.8% year on year to ¥82,306 million, net sales increased 2.0%
year on year to ¥85,833 million, operating income increased 71.3% year on year to ¥8,506 million, and ordinary
income increased 65.9% year on year to ¥8,491 million, thanks to the solid demand and efficient business operationsin the Domestic Consulting Business and International Consulting Business. Net income attributable to owners ofparent increased 8.7% year on year to ¥3,705 million due to an impairment loss of ¥1,847 million recorded for ahydroelectric power plant in Java, Indonesia, that is under construction by PT. CIKAENGAN TIRTA ENERGI, aconsolidated subsidiary, owning to repair work and business plan review as a result of ground deformation caused
by abnormal rainfall.
Business results for each segment are as follows:2

[Domestic Consulting]
As for the Domestic Consulting Business, we worked thoroughly to manage costs related to indirect operations,while promoting the assignment of human resources engaged in the International Consulting Business to workwithin Japan and receiving orders jointly. At the same time, we worked to support the promotion of the global
strategy through collaboration with the International Consulting Business and the R&D Center, and to develop new
businesses by utilizing management knowhow, as the core, to improve the value of infrastructure.
As a result, orders received increased 9.6% year on year to ¥39,060 million and net sales increased 4.8% year on
year to ¥41,290 million. Operating income increased 45.5% year on year to ¥6,471 million due to cost reduction
through travel expense control, etc. and operational efficiency improvement and ordinary income increased 34.8%
year on year to ¥5,932 million.
[International Consulting]In the International Consulting Business, we worked on acquiring and developing human resources, mainly in therailways business, while enhancing project management capabilities to strengthen the production system andpracticing strict management of profit, risks, and safety. In addition, we reviewed contracts and promoted domestic
business operations in response to the impact of the spread of COVID-19.
As a result, orders received decreased 34.6% year on year to ¥20,216 million and net sales increased 1.4% year
on year to ¥16,923 million. Meanwhile, as travel restrictions contributed to lower costs, operating income increased
783.6% year on year to ¥1,541 million and ordinary income increased 985.2% year on year to ¥1,563 million.
[Power Engineering]
In the Power Engineering Business, we expanded the mechanical and electrical consulting business into new areas
including traffic and transportation, as well as maintenance and management in view of global development, andstrengthened group-wide cooperation. We also made efforts to increase price competitiveness with rigorous cost
reductions and enhance the sales force. However, there were delays in orders and operations due to the spread of
COVID-19 both in Japan and overseas.
As a result, orders received decreased 32.3% year on year to ¥11,625 million and net sales decreased 5.7% year
on year to ¥11,688 million. Operating income decreased 43.1% year on year to ¥956 million due to mainly theprovision for loss on construction contracts of ¥118 million resulting from budget overruns for the vertical water
turbine projects. Ordinary income decreased 43.5% year on year to ¥911 million.
[Urban & Spatial Development]
In the Urban & Spatial Development Business, we responded to changes in the U.K. market and expanded ourbusiness in the Commonwealth markets, centering on Canada, while making efforts to expand our business in the
Asian market through Group-wide collaboration by Singapore Representative Office. However, we continue toreceive orders split in stages, not orders placed at one time, due to the spread of COVID-19.
As a result, orders received decreased 11.6% year on year to ¥11,272 million, net sales increased 6.7% year on
year to ¥14,719 million, operating income increased 30.5% year on year to ¥996 million and ordinary income
increased 22.5% year on year to ¥754 million.
[Energy Business]
In Energy Business, we worked to improve earnings from the power generation business such as renewable energy,
formulate new projects, including PFI (Private Finance Initiative) business that utilize private funds, and promote
the energy management business mainly in Europe, though, we are seeing delays in the rollout of the business in
the region.
As a result, orders received decreased 31.7% year on year to ¥65 million. Net sales decreased 36.2% to ¥544
million, compared with the previous fiscal year when sales for the U.K. storage battery EPC project were recorded.
Operating loss decreased 12.9% year on year to ¥250 million, and ordinary income was ¥144 million mainly due

3to share of income of entities accounted for using equity method (ordinary loss of ¥231 million for the nine months
ended March 31, 2020).
[Real Estate Leasing]In the Real Estate Leasing Business, net sales increased 86.9% year on year to ¥608 million. Operating income
increased 66.1% year on year to ¥491 million and ordinary income increased 65.9% year on year to ¥493 million.
(2) Explanation of Financial Position
Total assets as of the end of the third quarter of the fiscal year ending June 30, 2021, amounted to ¥160,793 million,
an increase of ¥30,577 million from the end of the previous fiscal year.
In the Assets section, current assets were ¥91,129 million, an increase of ¥29,713 million from the end of theprevious fiscal year. This was mainly due to an increase of ¥23,944 million in notes and accounts receivable-tradeand so forth since operations whose net sales advance more in the second half of the year accounted for a large
proportion.
Non-current assets were ¥69,663 million, an increase of ¥863 million from the end of the previous fiscal year.
This was mainly due to an increase of ¥1,244 million in investment securities due to share acquisitions, market
valuations and so forth, while there was a decrease of ¥381 million in leasehold and guarantee deposits included in“Other” of “Investments and other assets” due to office relocations, etc.
In the Liabilities section, current liabilities were ¥65,376 million, an increase of ¥19,876 million from the end of
the previous fiscal year. This was mainly due to a ¥9,000 million increase in short-term loans payable and a ¥5,525
million increase in current portion of long-term loans payable for working capital procurement.
Non-current liabilities were ¥30,987 million, an increase of ¥5,742 million from the end of the previous fiscal year.
This was mainly due to a ¥5,375 million increase in long-term loans payable for working capital procurement.
Net assets were ¥64,429 million, an increase of ¥4,958 million from the end of the previous fiscal year. This was
mainly due to a ¥2,494 million increase in shareholders’ equity caused by an increase in retained earnings and a¥2,369 million increase in accumulated other comprehensive income.
As a result, the shareholders’ equity ratio decreased 5.5 percentage points from the end of the previous fiscal year
to 39.2%.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Statements
The consolidated financial results forecast for the fiscal year ending June 30, 2021 announced on February 12,2021 has been revised.

42. Quarterly Consolidated Financial Statements and Primary Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of June 30, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of March 31, 2021

16,00339,047
1,725
4,947
(308)
61,415

21,452
62,992
1,992
5,160
(468)
91,12915,565
16,108
9,082
40,756

15,363
16,1097,941
39,413

7,398
4,734
12,132

8,018
4,959
12,97816,068(157)
15,91068,800130,215

17,373(101)
17,271
69,663
160,793(Millions of yen)
As of June 30, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Advances received
Provision for bonuses
Provision for directors' bonuses
Provision for loss on construction contracts
Provision for compensation
Provision for business restructuring
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Provision for directors' retirement benefits
Provision for environmental measures
Provision for loss on litigation
Liability for retirement benefits
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

6

As of March 31, 2021

5,724
13,000
2,780
1,266
8,009
2,201
52
496
93
11,87645,5008,952
22,000
8,306
2,103
7,874
3,163
443
355
12,17565,376

14,922
17
34
3,814
6,456
25,24570,745

20,297
3
34
284
3,697
6,669
30,98796,363

7,458
6,509
49,207(2,415)60,7607,480
6,531
51,775(2,532)
63,254298(3,486)672(2,515)
1,225
59,470130,215613(1,478)
719
(145)
1,319
64,429160,793

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
For the nine months ended March 31, 2020 and 2021
(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Share of income of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses
Provision for compensation
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary losses
Impairment losses
Provision for loss on litigation
Total extraordinary losses
Income (loss) before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Net income (loss)
Net income (loss) attributable to
Net income (loss) attributable to owners of parent
Net income (loss) attributable to non-controlling interests
Other comprehensive income (loss)
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income (loss)
Comprehensive income (loss)
Comprehensive income (loss) attributable toComprehensive income (loss) attributable to owners of parent
Comprehensive income (loss) attributable to non-controllinginterests

7

For the nine months
ended March 31, 2020
(From July 1, 2019
to March 31, 2020)
84,12958,13525,99421,0284,965

For the nine months
ended March 31, 2021
(From July 1, 2020
to March 31, 2021)
85,833
57,11528,71820,211
8,506

163
84
186
324
760

148
80
113
557
900

326
35
193
49
605
5,119

303
21
355
234
915
8,491

5,119
2,076
(393)
1,682
3,437

1,847
284
2,132
6,359
2,804
(280)
2,523
3,835

3,408
28

3,705
130

(419)
(444)
24

315
2,009
46

13

10

(826)
2,610

2,381
6,217

2,580

6,075

30

142

(3) Quarterly Consolidated Statements of Cash Flows

Cash flows from operating activities
Income (loss) before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Loss (gain) on valuation of investment securities
Share of loss (gain) of entities accounted for using equity method
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in provision for compensation
Increase (decrease) in provision for loss on litigation
Increase (decrease) in provision for business restructuring
Interest and dividend income
Interest expenses
Loss (gain) on derivatives
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other
Increase (decrease) in advances received
Increase (decrease) in consumption taxes receivable/payable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Loan advances
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Repayments of lease obligations
Proceeds from sales of treasury shares
Purchase of treasury shares
Cash dividends paid
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

8

For the nine months
ended March 31, 2020
(From July 1, 2019
to March 31, 2020)(Millions of yen)
For the nine months
ended March 31, 2021
(From July 1, 2020
to March 31, 2021)

5,119
1,720
409
0
35
74
1,090
(34)
(3)
(248)
326
(144)
(25,157)
797
2,607
(570)
2,022
(1,712)(593)(14,261)
244(287)(1,616)(15,921)

6,359
2,090
1,847
405
(142)
(113)
98
838
(53)
355
284
(99)
(229)
303
(115)
(23,236)
(248)
3,151
318
(152)
483
(1,385)(9,238)240(296)(1,876)(11,171)(402)(5,577)
(161)
(9)
(960)
369
(6,740)119(1,203)
(192)
(467)
(20)
7
(1,757)31,000(1,413)(544)
260(2,001)(1,190)(2)
26,107(179)
3,266
12,663
15,9299,000
15,000(4,266)
(680)
312
(429)
(1,135)(9)
17,792705
5,568
14,771
20,339(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
There is no relevant information.
(Notes on Significant Changes in Shareholders’ Equity)(Issuance of restricted stock compensation)
In accordance with the resolution of the Extraordinary Board of Directors Meeting held on September 29, 2020,
we issued new shares as restricted stock compensation for Directors on October 28, 2020. As a result, capital stockand capital reserve increased by ¥21 million, respectively, during the nine months ended March 31, 2021.
Subsequently, capital stock and capital surplus at the end of the first nine months of the fiscal year were ¥7,480
million and ¥6,531 million, respectively.
(Purchase of treasury shares)
At the meeting of Board of Directors held on March 11, 2021, the Company resolved regarding mattersconcerning the acquisition of treasury shares in accordance with the provisions of Article 156 of the Companies
Act, which shall be applied mutatis mutandis pursuant to the provision of Paragraph 3 of Article 165 of the same
Act, and executed the same as follows. The share acquisition based on the above resolution by the Board of
Directors was completed.
・Type of shares acquired: Common stock of the Company

・Total number of shares acquired : 141,000 shares・Total purchase price of shares: ¥427,935,000・Acquisition period: March 12, 2021

・Acquisition method: Market purchase on the Tokyo Stock Exchange(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements)(Deferral of cost variance)
Cost variance caused by seasonal changes in operation rates, etc. is expected to be almost completely eliminatedby the end of the cost accounting period, which is, therefore, deferred as other current liabilities.

9

(Segment Information, etc.)
For the nine months ended March 31, 2020 (from July 1, 2019 to March 31, 2020)
1)

Net sales and segment income or loss by reportable segment(Millions of yen)
Reportable segment
International
Consulting

Power
Engineering

39,398

16,69012,399269

4339,667

16,733

Urban &

Others(Note)

Total

EnergyBusiness

Real Estate
Leasing

Subtotal

13,796854

325

83,465664

84,129

212

75

-

123

723

701

1,424

12,611

13,871854

448

84,1881,365

85,553

4,400
144
1,612
616
(231)
297
6,838
(1,654)(Note) “Others” refers to a group of operations from which no income is gained or that produce only incidental gains.

5,184

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total

Domestic
Consulting

SpatialDevelopment

Segment income (loss)

2)

Differences between the total amount of income or loss of reportable segments and the amounts in quarterly
consolidated statement of income and comprehensive income, and major breakdown of such differences(reconciliation)(Millions of yen)
IncomeAmountReportable segment total

6,838

Loss of “others” category(1,654)

Elimination of intersegment transactions(64)

Ordinary Income (loss) in the quarterly consolidated
statement of income and comprehensive income

5,119

10

For the nine months ended March 31, 2021 (from July 1, 2020 to March 31, 2021)
3)

Net sales and segment income or loss by reportable segment(Millions of yen)
Reportable segment
International
Consulting

Power
Engineering

41,29016,923

11,688565

91

41,85517,014

Urban &

Others(Note)

Total

EnergyBusiness

Real Estate
Leasing

Subtotal

14,719544

608

85,77558

85,833

259

0

-

103

1,020

542

1,563

11,947

14,720544

712

86,796600

87,397

5,932
1,563
911
754
144
493
9,799
(1,289)(Note) “Others” refers to a group of operations from which no income is gained or that produce only incidental gains.

8,510

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total

Domestic
Consulting

SpatialDevelopment

Segment income (loss)

4)

Differences between the total amount of income or loss of reportable segments and the amounts in quarterly
consolidated statement of income and comprehensive income, and major breakdown of such differences(reconciliation)(Millions of yen)
IncomeAmountReportable segment total

9,799

Loss of “others” category(1,289)Elimination of intersegment transactions(18)

Ordinary Income (loss) in the quarterly consolidated
statement of income and comprehensive income

5)

8,491

Information on impairment loss on non-current assets or goodwill, etc. for each reportable segment(Significant Impairment Loss on Non-current Assets)
In the ‘Energy Business’ segment, an impairment loss on business assets was recorded. The amount of theimpairment loss recorded during the nine months ended March 31, 2021 was ¥1,847 million.
(Significant Changes in the Amount of Goodwill)
There is no relevant information.
(Significant Gain on Negative Goodwill)
There is no relevant information.

11

(Significant Subsequent Events)(Cancellation of treasury shares)
At the meeting of the Board of Directors held on May 14, 2021, the Company resolved to cancel treasury sharesin accordance to the provisions of Article 178 of the Companies Act.
(1) Contents of the Resolution by the Board of Directors for the Cancellation of Treasury Shares
1) Type of shares to be cancelled
Common stock of the Company
2) Total number of shares to be cancelled
899,486 shares
3) Scheduled date for cancellation
May 31, 2021
(2) The total number of issued shares after the above cancellation will be 15,048,568 shares.

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3.

Other Information(1) Status of Orders and Sales

Net sales 2

Net sales 1

Orders received

By period_ For the nine months ended For the nine months ended
March 31, 2020
March 31, 2021
AmountAmountCategory/Segment
Ratio (%)
Ratio (%)
(Millions of yen)
(Millions of yen)Domestic Consulting
35,64536.8
39,06047.4
International Consulting
30,90932.0
20,216
24.6
Power Engineering
17,17317.8
11,625
14.1
Urban & Spatial Development
Energy Business
Real Estate Leasing

12,750
95
--

13.2
0.1

11,272
65
--

13.7
0.1

17,874
156
--

12.6
0.1

Others
Total
Domestic Consulting

61
96,63541,532

0.1
100.0
49.4

65
82,30644,689

0.1
100.0
52.0

79
141,632
53,853

0.1
100.0
48.0

International Consulting
Power Engineering
Urban & Spatial Development

17,717
10,037
13,665

21.1
11.9
16.2

17,3269,430
13,303

20.2
11.0
15.5

25,968
12,774
17,991

23.1
11.4
16.0

784
325
65

0.9
0.4
0.1

416
608
58

0.5
0.7
0.1

1,090
451
84

1.0
0.4
0.1

Total
Domestic Consulting
International Consulting

84,12939,398
16,690

100.0
46.9
19.8

85,833
41,29016,923

100.0
48.2
19.7

112,214
51,33324,508

100.0
45.8
21.8

Power Engineering
Urban & Spatial Development
Energy Business

12,39913,796
854

14.7
16.4
1.0

11,68814,719
544

13.6
17.1
0.6

15,747
18,160
1,187

14.0
16.2
1.1

Real Estate Leasing
Others
Total

325
664
84,129

0.4
0.8
100.0

608
58
85,833

0.7
0.1
100.0

451
825
112,214

0.4
0.7
100.0

Energy Business
Real Estate Leasing
OthersBy period_

Impact of foreignexchange fluctuations

Category/Segment

Outstanding Orders

For the fiscal year ended
June 30, 2020
AmountRatio (%)
(Millions of yen)
56,18439.7
47,50833.5
19,82914.0

Domestic Consulting
International Consulting
Power Engineering
Urban & Spatial Development
Energy Business
Real Estate Leasing

As of March 31, 2020
As of March 31, 2021
AmountAmountRatio (%)
Ratio (%)
(Millions of yen)
(Millions of yen)--(974)920--(330)(8)--

Others
Total
Domestic Consulting-(1,313)25,862

International Consulting
Power Engineering
Urban & Spatial Development
Energy Business
Real Estate Leasing
OthersTotal

As of June 30, 2020
AmountRatio (%)
(Millions of yen)-(540)
--

2,304
(0)
--

(542)
(12)
--

--

-(1,095)

17.9

3,224
28,452

17.5

34,08021.0

80,057
22,14016,433

55.3
15.3
11.4

92,651
24,253
17,293

57.0
14.9
10.6

88,84022,05917,019

54.9
13.6
10.5

127
--

0.1

24
--

0.0

0.0

100.0

1

0.0

7

0.0

34
---

144,623100.0

162,682

100.0

162,034

Notes: 1. The above amounts are exclusive of consumption taxes and other taxes.
2. The above amounts are for external customers, and do not include intersegment transactions or transfers.
3. Net sales 1 is by segment which received orders. Net sales 2 is by segment which provided services.

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