[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose
only. In the case that there is any discrepancy between the original Japanese version and this English version, the Japanese version shallprevail. (All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)May 12, 2021

Consolidated Financial Statements-Summary(For the fiscal year ended March 31, 2021)
Name of listed company: JGC HOLDINGS CORPORATION
Code number: 1963
Representative
Title: Representative Director, Chairman of the Board & Chief Executive Officer (CEO)Name: Masayuki SatoContact
Title: General Manager, Group Finance & Accounting Department
Name: Shinichi Taguchi
Scheduled Date of Ordinary Annual General Meeting of Shareholders: June 29, 2021
Scheduled Date of Payment of Dividends: June 30, 2021

Stock exchange: Tokyo
Tel: 045-682-1111
URL: https://www.jgc.com

1. Consolidated Financial Results for FY2020 (April 1, 2020 - March 31, 2021)
Note: All amounts are rounded down to the nearest million yen. Percentage indicate changes from the previous term.
(1) Consolidated financial results
Profit attributable toNet sales
Operating income
Ordinary income
owners of the parent(Millions of yen)

Fiscal year ended March 31, 2021

433,970

Fiscal year ended March 31, 2020

480,809

Note: Comprehensive income (millions of yen):(%)(Millions of yen)

(9.7)
(22.4)FY2020:29,925(Millions of yen)

13.1

20,234(13.0)(－%)

Earnings per Earnings pershare
share(diluted)
(Yen)

(%)

22,88022,367(30.8)

4,117(82.8)(14,271)

Operatingincome/Net sales

(%)

(%)

(%)

20.37

－

1.3

3.7

16.32－

1.0

3.2

Reference: Equity Gains (Losses) of Affiliated Companies (millions of yen):

24.9

Ordinary
income/Total assets

Fiscal year ended March 31, 2020

FY2020:2,187(%)

5,141

Return onequity(Yen)(Millions of yen)

14.0

FY2019:Fiscal year ended March 31, 2021(%)

25,506

(－%)

5.3
4.2

FY2019:3,875(2) Consolidated financial position
Total assets

Total net assets

Shareholders' equity
ratio

Total net assets per
share(Millions of yen)

(Millions of yen)

(%)

(yen)

As of March 31, 2021

702,529

417,61659.41,652.19

As of March 31, 2020

671,273

390,97958.2

1,547.45

Reference: Shareholders' equity (millions of yen):

As of March 31, 2021 :

417,120

As of March 31, 2020 :

390,516(3) Consolidated cash flows
Cash flows from operating
activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at end of period(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

Fiscal year ended March 31, 2021

12,467(13,520)196

268,281

Fiscal year ended March 31, 2020

92,442

19,364(7,699)261,898

Total
dividends(annual)Dividends/Payout ratio shareholders'(consolidated)
equity(consolidated)

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

2Q term-end

3Q term-end

Fiscal year ended March 31, 2020

－－－

12.00

12.00

3,028

73.5

0.8

Fiscal year ended March 31, 2021

－－－

12.00

12.00

3,029

58.9

0.8

Fiscal year ended March 31, 2022

－－－

15.00

15.00

(Forecast)Term-end

Annual3. Earnings forecasts for FY2021 (April 1, 2021 - March 31, 2022)
Net sales(Millions of yen)

Full Year

470,000(Millions of yen)

－(%)

(%)

29.1
Note: Percentage indicate changes from the previous term.

Operating income(%)(Millions of yen)

16,000

Profit attributable toowners of the parent

Ordinary income(%)(Millions of yen)－

19,000(%)(Millions of yen)－

13,000(%)－Earnings
per share(Yen)
Full Year

51.50

As the "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc., has been applied since the beginning of the fiscal year ending March 31, 2022, the above forecast is based on the amounts resulting after the application ofthe provisions of this accounting standard, and the percentage change from the previous fiscal year is not stated.

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4. Others(1) Changes in scope of consolidated important subsidiaries(increase)None(decrease)None(2) Changes of accounting principles, procedures and presentation(a) Changes due to revisions of accounting standards:(b) Changes other than the above (a):(c) Changes in accounting estimates:(d) Restatement:

None
None
None
None

(3) Number of shares outstanding(a) Number of shares outstanding at term-end (including treasury stock):As of March 31, 2021 :

259,214,827

As of March 31, 2020 :

259,110,861

6,749,173

As of March 31, 2020 :6,748,713

Fiscal year ended March 31, 2020 :252,341,461(b) Number of treasury stock at term-end:
As of March 31, 2021 :(c) Average number of shares outstanding during the period:
Fiscal year ended March 31, 2021 :

252,425,976(1) This document is unaudited by certificated public accountants or audit firms.
(2) The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks anduncertainties.
Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or businessenvironment and exchange rate fluctuations.
(3) Forecasts based on : 107.00 yen/US$ 1.00

2/11

Consolidated Balance Sheets

As of March 31,
2021

As of March 31,
2020(Millions of yen)

(Millions of yen)

ASSETS
Current assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts and otherCosts on uncompleted construction contracts
Merchandise and finished goods
Work in processRaw materials and supplies
Short-term loans receivable
Accounts receivable
Other
Allowance for doubtful accounts

268,281
143,064

261,898
145,276

20,848
5,592
2,651
3,874
446
97,097
6,678(176)

22,989
5,366
2,636
3,687
437
84,073
11,748(158)

548,359

537,955

61,50460,19018,552
1,056
17,835
4,259(96,744)59,852
59,255
18,581
770
910
4,422
(93,997)

66,654

49,794

4,830
2,036

4,869
5,312

6,867

10,181

54,1997,952
859
15,532
15,034(12,929)44,807
8,026
569
21,713
11,241(13,016)

Total investments and other assets

80,64873,341

Total non-current assets

154,170

133,317

Total assets

702,529

671,273

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Leased assets
Construction in progress
OtherAccumulated depreciation

Total property, plant and equipment
Intangible assets
Software
Other

Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

3/11

As of March 31,
2021

As of March 31,
2020(Millions of yen)

(Millions of yen)

LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts andotherShort-term loans payable
Current portion of bonds payable
Income taxes payable
Advances received on uncompleted construction contracts
Provision for bonuses
Provision for directors' bonuses
Provision for loss on construction contracts
Provision for warranties for completed construction contracts
Other

41,777

68,239588－1,263
100,707
6,385
61
3,590
1,317
41,362

227
20,0001,955
83,227
6,203
77
11,109976
36,369197,055

228,386

50,00016,783
15,325
219
1,049
1,014
3,463

30,000347
16,718
253
959
1,014
2,614

87,85751,907284,912280,293

23,61125,709380,402(6,739)23,55425,653375,641(6,739)422,983

418,109

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

5,571
248
(10,891)
(358)
(432)

2,205(1,004)(10,891)(16,491)(1,411)

Total accumulated other comprehensive income(5,862)(27,592)495

463

Total net assets

417,616

390,979

Total liabilities and net assets

702,529

671,273

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

Non-controlling interests

4/11

Consolidated Statements of Income

Fiscal year ended Fiscal year ended
March 31, 2021
March 31, 2020
(Apr. 1, 2020 Mar. 31, 2021)(Apr. 1, 2019 Mar. 31, 2020)(Millions of yen)

(Millions of yen)

Net sales

433,970

480,809

Cost of sales
Gross profit
Selling, general and administrative expenses

390,188
43,782
20,901

437,460
43,34923,114

Operating income

22,88020,234

Interest income
Dividend income
Share of profit of entities accounted for using equity method
Other

1,320
897
2,187
783

3,865
2,659
3,875
671

Total non-operating income

5,189

11,072

180
2,058
324

186
5,228
3,523

2,563

8,939

25,50622,367

1,844
24

5,649
2,293

1,868

7,943

Impairment loss
Loss on valuation of investment securities
Loss on sales of shares of subsidiaries and associates
Other

2,911
1,357
－
662－
865
3,211
290

Total extraordinary loss

4,930

4,367

22,44425,943

13,974
3,261

16,091
5,593

17,235

21,685

5,208

4,258

67

140

5,141

4,117Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange losses
Other

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Other

Total extraordinary income
Extraordinary loss

Profit before income taxes
Income taxes
Income taxes - current
Income taxes - deffered

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of the parent

5/11

Consolidated Statements of Comprehensive Income

Fiscal year ended Fiscal year ended
March 31, 2021
March 31, 2020

Profit(Apr. 1, 2020 Mar. 31, 2021)(Apr. 1, 2019 Mar. 31, 2020)(Millions of yen)

(Millions of yen)

5,208

4,258

3,330
4,596
16,406
1,057(5,190)(728)(12,164)(250)

Share of other comprehensive income of entities accounted forusing equity method

(674)

(195)

Total other comprehensive income

24,717(18,529)

29,925(14,271)

29,858(14,411)

67140

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

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

6/11

Consolidated Statements of Cash Flows

Fiscal year ended Fiscal year ended
March 31, 2021
March 31, 2020
(Apr. 1, 2020 Mar. 31, 2021)(Apr. 1, 2019 Mar. 31, 2020)(Millions of yen)

(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
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 dividend income
Interest expenses
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of non-current assets
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
contstruction contracts
Other

22,444
6,432
2,911
98

25,943
7,015
－
3,893

(7,454)(4,156)(1,281)(2,218)180

836(6,525)186(2,320)2,059(2,187)(3,875)(1,844)
1,357
(7)
3,450
1,685
3,479
(27,457)(5,649)865(38)86,286
1,344(1,342)(21,642)

17,719

9,342

9,771

8,121

Subtotal

24,760102,666

Interest and dividend income received
Interest expenses paid
Income taxes paid

3,344
(182)
(15,455)

7,547
(153)
(17,617)

Cash flows from operating activities12,467

92,442

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from sales of shares of subsidiaries resulting in change
in scope of consolidation
Other(8,719)45(1,487)(5,626)
2,095(4,434)38(2,234)(1,463)25,395

－

1,283

171

779

Cash flows from investing activities(13,520)

19,364

Cash flows from investing activities

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Fiscal year ended Fiscal year ended
March 31, 2021
March 31, 2020
(Apr. 1, 2020 Mar. 31, 2021)(Apr. 1, 2019 Mar. 31, 2020)(Millions of yen)

(Millions of yen)

Cash flows from financing activities
Proceeds from issuance of bonds
Redemption of subordinated bonds
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Net decrease (increase) in treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other

Cash flows from financing activities
Effect of exchange rate changes on cash and cash
equivalentsNet increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents from newly
consolidated subsidiaries
Cash and cash equivalents at end of period

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20,000(20,000)
17
3,407
(63)
(0)
(3,030)
(34)
(99)

－－
(13)
1(297)(0)(7,192)
(213)
16

196

(7,699)5,342(3,781)

4,485

100,326

261,898

160,841

1,896

731

268,281

261,898

Segment Information【 Information by business segment 】
Fiscal year ended March 31, 2020 (April 1, 2019 - March 31, 2020)(Millions of yen)Segment
Functional

Total
Engineering

Materials

OthersGrand total

Adjustment

Consolidated

Sub total

Manufacturing

Net sales
External customers

426,764

46,653

473,417

7,392

480,809－480,809

423

13

436

2,304

2,741

(2,741)－

Total

427,187

46,666473,854

9,696

483,551(2,741)

480,809

Segment profit

12,071

6,743

18,814

1,541

20,356(122)

20,234

Segment asset

394,520

59,414453,935

17,613

471,548

199,724

671,273

Depreciation and amortization

3,432

2,498

5,930

1,086

7,017

(1)

7,015

Capital expenditures

1,886

3,568

5,455

417

5,872

1,941

7,813

Inter-segment

Other item

*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas
Production Sales Business.
*2 : (a)Segment profit and Depreciation are adjusted to eliminate transactions between segments.
(b)Adjustments to segment assets include corporate assets of 200,015 billion yen that are not allocated to each business segment.
Corporate assets consist mainly of cash and deposits, investment securities, and non-current assets (buildings and land, etc.) at thecompany.
(c)Adjustments to increase in tangible and intangible fixed assets are corporate assets that are not allocated to each business segment.
(d)Company assets are not allocated to each business segment, but the related depreciation are allocated based on a comprehensive
consideration of the burden ratio of each business segment involved.
*3: Segment profit is adjusted with the operating income figure from the Consolidated Statements of Income.

Fiscal year ended March 31, 2021 (April 1, 2020 - March 31, 2021)(Millions of yen)Segment
Functional

Total
Engineering

MaterialsOthers

Grand total

Adjustment

Consolidated

Sub total

Manufacturing

Net sales
External customers

388,585

40,726429,312

4,658

433,970－

433,970

61

10

72

2,156

2,229

(2,229)－

Total

388,647

40,737429,384

6,814

436,199(2,229)433,970

Segment profit

16,825

5,816

22,641

188

22,83050

22,880

Segment asset

419,864

59,822479,686

29,229508,916

193,612702,529

－

－

－

2,911

2,911

－

2,911

Depreciation and amortization

3,300

2,669

5,969

462

6,432

(0)

6,432

Capital expenditures

1,068

3,6444,712

3,332

8,045

1,295

9,340

Inter-segment

Other item
Impairment loss

9/11

*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Water Business, and Oil and Gas
Production Sales Business.
*2 : (a)Segment profit and Depreciation are adjusted to eliminate transactions between segments.
(b)Adjustments to segment assets include corporate assets of 203,013 billion yen that are not allocated to each business segment.
Corporate assets consist mainly of cash and deposits, investment securities, and non-current assets (buildings and land, etc.) at thecompany.
(c)Adjustments to increase in tangible and intangible fixed assets are corporate assets that are not allocated to each business segment.
(d)Company assets are not allocated to each business segment, but the related depreciation are allocated based on a comprehensive
consideration of the burden ratio of each business segment involved.
*3: Segment profit is adjusted with the operating income figure from the Consolidated Statements of Income.

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Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2020
Outstanding
Contracts

Business area

Outstanding
Contracts

Sales

1,90116,552
330
18,5081,810
20,298
117
51,279

2,371
4,333
213
7,605

Power generation, nuclear power andnew energy

66,923

128,031

32,288

162,666

Living and general production facility

23,818

8,098

19,703

12,212

Environmental protection, social
development and IT

15,950

4,488

17,9662,472

600
158,028
69,40846,217
617,450
55,9404,247
182,159
39,390416,672
36,4204,759

3,990
147,454
42,022
18,726
144,048
36,448857
192,732
66,775444,164
509,823
24,251

Power generation, nuclear power andnew energy

156

458

87

527Living and general production facility

1,626

1,845

2,243

1,229

Environmental protection, social
development and IT

2,173

21

780

1,414

377
793,351
950,739640
951,380－
951,380

1,339
500,909678,229
4,838
683,068－
683,068

1,432
245,789
388,585
4,658
393,243
40,726433,970285
1,048,471
1,240,383
821
1,241,204－
1,241,204

Petroleum refining
LNG
ChemicalOthersSubtotal
Oil and gas development
Petroleum refining
LNG
ChemicalOverseas

NewContracts

2,280
8,078
－
40,375

Oil and gas development

Domestic

March 31, 2021Others
Subtotal
Total Engineering Business
Others' Business
Subtotal
Functional Materials Manufacturing BusinessGrand Total*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 beenrevised 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 incontractamounts

Total279(239)
15,987576(4,816)
(584)
(796)
(754)

(4,537)(823)
15,190(178)

Power generation, nuclear power and newenergy

(0)

226

226

Living and general production facility

(4)

3,939

3,934

(119)

(3,917)(4,037)(9)16,47016,45613(3)(6,708)(6,702)
(6)

(13)
9,762
9,754
7

Oil and gas development
Petroleum refining
LNG
ChemicalEnvironmental protection, social development
and IT
Others
Total
Total Engineering Business
Others' Business*3: All amounts are rounded down to the nearest million yen.

11/11