Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
July 29, 2022
Company name: SUMITOMO DENSETSU CO.,LTD.
Stock exchange listing: Tokyo
Code number: 1949
URL: https://www.sem.co.jp
Representative: Makoto Tani
President
Contact: Koji Tanioku
General Manager, Finance & Accounting Department
Phone: +81-6-6537-3490
Scheduled date of filing quarterly securities report: August 03, 2022
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: NoSchedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
37,091
16.7
2,066
20.9
2,420
23.7
1,470
16.6
June 30, 2022
June 30, 2021
31,779(3.8)
1,709(16.7)
1,956(14.2)
1,261(14.3)(Note) Comprehensive income:Three months ended June 30, 2022:¥
1,310 million [(25.7) %]Three months ended June 30, 2021:¥
1,763 million [(41.7) %]Basic earnings
per share
Three months ended
June 30, 2022
June 30, 2021

Diluted earnings pershare
YenYen41.5435.46-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2022
March 31, 2022
(Reference) Equity:

Net assets

Million yen

Million yen

149,576
161,036
As of June 30, 2022:
As of March 31, 2022:

Capital adequacy ratio¥¥

92,92593,38588,758 million
89,448 million

%

59.3
55.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-37.00-49.0086.00

Fiscal year ending March 31, 2023

43.00

-

43.00

86.00

Fiscal year ending March 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share%

Million yen%

Million yen%Six months ended
79,0008.4
4,800(3.8)
September 30, 2022
175,000
4.4
13,100
0.7
Full year(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

5,200(5.7)

3,300(7.5)

93.22

14,000No

0.7

9,200

0.6

259.89* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:Exclusion:(Company name:YenNo(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2022:
35,635,879 shares
March 31, 2022:
35,635,879 shares2) Total number of treasury shares at the end of the period:
229,023 shares
June 30, 2022:
March 31, 2022:
238,573 shares
3) Average number of shares during the period:
Three months ended June 30, 2022:
Three months ended June 30, 2021:

35,399,694 shares
35,576,823 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
This presentation contains various forward-looking statements which are based on the current expectations and assumptions of future
event.
Please be advised that there are possibilities actual performance could be different from those described in this material.

Quarterly Consolidated Financial Statements
Quarterly 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
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assetsInvestment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Short-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities-1-

As of June 30,2022

55,266

51,52562,33854,081

3,212
2,122(9)122,930

4,008
2,323
(9)
111,929

7,009
14,315(8,131)
6,184
13,193

7,024
15,028(8,397)
6,630
13,655

234
720
954

205
913
1,119

19,632
4,851(526)
23,957
38,106
161,036

18,551
4,831(511)
22,87237,647
149,576

38,49432,179

1,609
3,169
163
17,50660,944

1,513
140
39
16,07449,948

1,001

823

16

15

1,211
4,477
6,706
67,651

1,253
4,610
6,703
56,651

(Million yen)
As of March 31,2022
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
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 June 30,2022

6,440
6,102
67,742(437)
79,8476,440
6,107
67,478(419)
79,605

9,688

8,937

1286(375)
9,601
3,936
93,385
161,0363615(403)
9,152
4,166
92,925
149,576

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended June 30,2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Employees' salaries and allowances
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profitExtraordinary losses
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-

For the three months
ended June 30,2022

31,77927,8603,918

37,09132,445
4,645

859
1,350
2,209
1,709

983
1,595
2,579
2,066

16
173
73
262

16207
75
63
363

6
7
14
1,956

5
3
9
2,420

24
24
1,932
66
528
595
1,336
75
1,261

2,420
157
650
808
1,611
141
1,470Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests-4-For the three months
ended June 30,2022
1,3361,611

488(0)(107)
47427
1,763(750)1476(28)
(301)
1,310

1,724

1,022

39287

3.Supplementary Information
Consolidated Orders Received/Net Sales/Backlog of Orders by works type
(Unit：Millions of yen)
1.Orders Received
FY2021/1Q

Works TypeFY2022/1Q（From: Apr.1,2021
To: Jun.30,2021）

AmountProportion

AmountFY2021(Full year)

Increase(Decrease)（From: Apr.1,2022
To: Jun.30,2022）

Proportion%

Amount（From: Apr.1,2021
To: Mar.31,2022）

Rate%

AmountProportion%%

Power Transmission
Works

4,806

11.2

5,353

11.0547

11.4

19,768

11.0

General Electrical Works

24,53957.4

30,881

63.4

6,342

25.8

108,775

60.8

Information &Communications Works

8,146

19.1

6,615

13.6

(1,530)(18.8)

28,804

16.1

Facility & HVAC Works

3,283

7.7

3,822

7.8

539

16.4

13,092

7.3

Utilities Engineering Service

40,775

95.4

46,674

95.8

5,898

14.5

170,440

95.2

Others

1,960

4.6

2,036

4.2

76

3.9

8,579

4.8

Total

42,736100.0

48,710

100.0

5,974

14.0

179,019100.0

2.Net Sales
FY2021/1Q

Works TypeFY2022/1Q（From: Apr.1,2021
To: Jun.30,2021）

AmountProportion

AmountFY2021(Full year)

Increase(Decrease)（From: Apr.1,2022
To: Jun.30,2022）

Proportion%

Amount（From: Apr.1,2021
To: Mar.31,2022）

Rate%

AmountProportion%%

Power Transmission
Works

3,263

10.3

3,360

9.1

96

2.9

20,280

12.1

General Electrical Works

19,22560.5

23,935

64.5

4,710

24.5

100,653

60.1

Information &Communications Works

5,231

16.4

5,409

14.6

177

3.4

27,482

16.4

Facility & HVAC Works

2,098

6.6

2,349

6.3

251

12.0

10,598

6.3

Utilities Engineering Service

29,81893.835,054

94.5

5,235

17.6

159,015

94.9

Others

1,960

6.2

2,036

5.5

76

3.9

8,579

5.1

Total

31,779100.0

37,091

100.0

5,311

16.7

167,594

100.0

3. Backlog of Orders
Works TypeFY2021/1Q（From: Apr.1,2021
To: Jun.30,2021）

AmountFY2022/1Q（From: Apr.1,2022
To: Jun.30,2022）

Proportion

Amount%FY2021(Full year)（From: Apr.1,2021
To: Mar.31,2022）

Increase(Decrease)

Proportion

Amount%Rate

Amount%Proportion%

Power Transmission
Works

17,20415.9

17,142

14.2

(61)

(0.4)

15,14913.9

General Electrical Works

66,40861.3

76,161

63.3

9,753

14.7

69,215

63.6

Information &Communications Works

18,196

16.8

17,81014.8(386)(2.1)

16,604

15.3

Facility & HVAC Works

6,478

6.0

9,260

7.7

2,782

42.9

7,787

7.2

108,288100.0

120,376

100.0

12,08711.2

108,756

100.0

Total-5-（２）Forecast of Consolidated Orders Received & Net Sales(Unit：Millions of yen)Orders Received

Net Sales(Apr.1, 2022～Mar.31, 2023)(Apr.1, 2022～Mar.31, 2023)

Works Type
AmountIncrease(Decrease)

AmountIncrease(Decrease)

Power Transmission Works

20,0001.2

20,000(1.4)

General Electrical Works

107,000(1.6)

106,000

5.3

Information & Communications Works

31,0007.6

29,0005.5Facility & HVAC Works

14,000

6.9

12,000

13.2

Utilities Engineering Service

172,000

0.9

167,000

5.0

Others

8,000

(6.7)

8,000

(6.7)

Total

180,000

0.5

175,000

4.4%-6-%