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 Nine Months Ended December 31, 2022
[Japanese GAAP]
January 31, 2023
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: February 03, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 01, 2022 to December 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
121,922
7.6
7,790
0.9
8,584
1.4
5,259
(3.8)
December 31, 2022
December 31, 2021
113,329
5.2
7,720
4.4
8,466
7.0
5,467
6.6
(Note) Comprehensive income:Nine months ended December 31, 2022:¥4,301 million [(21.4) %]Nine months ended December 31, 2021:¥5,471 million [(35.8) %]Basic earnings
per share
Nine months ended
December 31, 2022
December 31, 2021

Diluted earnings pershareYen

Yen

148.56153.85-(2) Consolidated Financial Position
Total assets
Million yen
As ofDecember 31, 2022
146,823
161,036
March 31, 2022
(Reference) Equity: As of December 31, 2022:
As of March 31, 2022:

Net assets

Capital adequacy ratio

Million yen¥¥

94,392
93,38589,912 million
89,448 million

%

61.2
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

Year-end

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

TotalNo

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 to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share%

Million yen%

Million yen%

Yen

Full year
175,000
4.4
13,1000.7(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

14,000
No0.7

9,200

0.6

259.86* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
No
New(Company name:
Exclusion:(Company name:(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):December 31, 2022:
35,635,879 shares
March 31, 2022:
35,635,879 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
229,767 shares
March 31, 2022:
238,573 shares
3) Average number of shares during the period:Nine months ended December 31, 2022:
Nine months ended December 31, 2021:

35,403,734 shares
35,540,836 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 otherCosts 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 assets
Investment 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 December 31,2022

55,266

51,10462,33852,484

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

4,868
1,236
(11)
109,681

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

7,018
15,985(8,671)
7,314
14,333

234
720
954

147
943
1,090

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

17,1184,918(318)21,71837,141
146,823

38,49428,605

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

1,547
512
94
15,06545,825

1,001

790

16

17

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

1,168
4,629
6,605
52,431

(Million yen)
As of March 31,2022
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury 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 December 31,2022

6,440
6,102
67,742(437)
79,8476,440
6,107
69,744(421)
81,870

9,688

8,090

1286(375)
9,601
3,936
93,385
161,036(0)397(447)
8,041
4,480
94,392
146,823

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2021
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
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary incomeExtraordinary losses
Loss on sale of non-current assets
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 nine months
ended December 31,2022

113,329
98,597
14,731

121,922106,295
15,627

2,686
4,324
7,011
7,720

3,025
4,811
7,836
7,790

53
374
368
796

55
433
346
834

25
24
50
8,466

17
23
40
8,584

-

236
236

8
25
33
8,432
1,838829
2,667
5,764
296
5,467

8,821
1,791
1,228
3,020
5,800
540
5,259

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2021
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 ofparentComprehensive income attributable to non-controllinginterests-4-

For the nine months
ended December 31,2022

5,764

5,800(379)(0)(34)
121(293)
5,471(1,597)(1)
172(71)(1,498)
4,301

5,211

3,699260601

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

Works TypeFY2022/3Q（From: Apr.1,2021
To: Dec.31,2021）

AmountProportion

AmountFY2021(Full year)

Increase(Decrease)（From: Apr.1,2022
To: Dec.31,2022）

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

Rate%

AmountProportion%%

Power Transmission
Works

15,35911.3

16,736

12.3

1,376

9.0

19,768

11.0

General Electrical Works

82,161

60.6

83,142

60.9

981

1.2

108,775

60.8

Information &Communications Works

22,317

16.5

20,27414.9(2,042)(9.2)

28,804

16.1

Facility & HVAC Works

9,324

6.9

9,396

6.9

71

0.8

13,092

7.3

Utilities Engineering Service

129,16295.3

129,549

95.0

386

0.3

170,440

95.2

Others

6,320

4.7

6,908

5.0

588

9.3

8,579

4.8

Total

135,483100.0

136,458

100.0

975

0.7

179,019100.0

2.Net Sales
FY2021/3Q

Works TypeFY2022/3Q（From: Apr.1,2021
To: Dec.31,2021）

AmountProportion

AmountFY2021(Full year)

Increase(Decrease)（From: Apr.1,2022
To: Dec.31,2022）

Proportion%

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

Rate%

AmountProportion%%

Power Transmission
Works

13,286

11.7

12,428

10.2

(858)

(6.5)

20,280

12.1

General Electrical Works

68,94760.8

75,927

62.3

6,980

10.1

100,653

60.1

Information &Communications Works

17,561

15.5

18,30615.0

745

4.227,482

16.4

Facility & HVAC Works

7,213

6.4

8,350

6.8

1,137

15.8

10,598

6.3

Utilities Engineering Service

107,009

94.4

115,013

94.3

8,004

7.5

159,015

94.9

Others

6,320

5.6

6,908

5.7

588

9.3

8,579

5.1

Total

113,329100.0

121,922

100.0

8,593

7.6

167,594

100.0

3. Backlog of Orders
Works TypeFY2021/3Q

FY2022/3Q（As of Dec.31,2021）（As of Dec.31,2022）

AmountProportion

Amount%Increase(Decrease)

Proportion

Amount%FY2021(Full year)（As of Mar.31,2022）

Rate

AmountProportion%%

Power TransmissionWorks

17,73414.8

19,456

15.8

1,721

9.7

15,14913.9

General Electrical Works

74,30762.2

76,430

62.0

2,123

2.9

69,215

63.6

Information &Communications Works

20,037

16.8

18,57115.0(1,466)(7.3)

16,604

15.3

Facility & HVAC Works

7,404

6.2

8,832

7.2

1,428

19.3

7,787

7.2

119,484

100.0

123,292

100.0

3,807

3.2

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-%