Disclaimer: This document is a partial English translation of the Japanese original which is filed with the Tokyo Stock Exchange andis only for reference purposes. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2020
[Japanese GAAP]May 13,2020
Company name: HAZAMA ANDO CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Code number: 1719
URL: https://www.ad-hzm.co.jp/
Representative: Masato Fukutomi, Representative Director and President
Contact: Toshihisa Kino, Corporate Communication Department General Manager
Phone: +81-3-6234-3699
Scheduled date of ordinary general meeting of shareholders: June 26,2020
Scheduled date of filing securities report: June 26,2020
Scheduled date of commencing dividend payments: June 29,2020
Availability of supplementary briefing material on financial results: Yes
Schedule of financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
March 31, 2020
378,135
5.0
24,6994.3
23,983
6.6
16,803
89.6
March 31, 2019359,971(4.5)
23,692 (33.7)
22,495 (35.3)
8,862 (62.9)(Note) Comprehensive income: Fiscal year ended March 31, 2020: ¥14,301 million [72.4%]
Fiscal year ended March 31, 2019: ¥8,296 million [(65.9)%]
Basic earnings
Diluted earnings
Ordinary profit
Return on equity
per shareper share
to total assets ratio

Fiscal year ended
March 31, 2020
March 31, 2019

Operating profit
to net sales ratio

Yen

Yen

%

%

%

84.42
45.21

84.40
44.20

12.5
7.0

7.0
6.6

6.5
6.6

(Reference)Share of loss (profit) of entities accounted for using equity method:
Fiscal year ended March 31, 2020: ¥－million
Fiscal year ended March 31, 2019: ¥－million(2) Consolidated Financial Position
Total assets
As of March 31, 2020
As of March 31, 2019
(Reference) Equity:

Net assets

Equity ratio

Million yen

Million yen%

Net assets per shareYen

339,772
349,656

136,900
133,68240.0
38.0

704.86664.78

As of March 30, 2020: ¥136,058 million
As of March 31, 2019: ¥132,807 million(3) Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2020
March 31, 2019

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen(3,102)
5,900(3,016)(2,356)(13,244)(7,779)115,461
135,093

2. Dividends
Annual dividends
1stquarterend
Yen

2ndquarterend
Yen

3rdquarterend
Yen

Yearend
Yen

Total
Yen

Total
dividends
paid

Dividend
payout ratio(consolidated)

Ratio ofdividends toequity(consolidated)%%

Million yen

Fiscal year ended
－
15.00
－
15.00
30.00
5,993
66.4
4.6
March 31, 2019
Fiscal year ended
－
15.00
－
15.00
30.00
5,903
35.5
4.4
March 31, 2020
Fiscal year ending
March 31, 2021
－
－
－
－
－
－
(Forecast)(Note) The annual dividend forecast for the fiscal year ending March 31, 2021 has not been decided yet at this time.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 to March
31, 2021)
The effects of the spread of COVID-19 (Novel Coronavirus) upon the Company’s future business performance isdifficult at this time to calculate in a reasonable manner, and thus the Company has not yet decided upon theConsolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021.The Company will disclose
the forecast as soon as it is able to do so.

* Notes:(1) Changes in significant subsidiaries during the fiscal year ended March 31, 2020 (changes in specified subsidiaries
resulting in changes in scope of consolidation): No(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2020: 200,343,397 shares
March 31, 2019: 200,343,397 shares2) Total number of treasury shares at the end of the period:
March 31, 2020: 7,315,545 shares
March 31, 2019: 566,830 shares
3) Average number of shares during the period:
Fiscal year ended March 31, 2020: 199,042,034 sharesFiscal year ended March 31, 2019: 196,038,718 shares
The Company has adopted a performance-linked stock remuneration plan using a trust. The Company’s shares
held by the trust (397,766 shares) are included in the total number of treasury shares at the end of the period andthe average number of shares during the period is calculated and stated taking into account shares held by thetrust.

(Reference) Summery of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31,
2020)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2020
March 31, 2019

Operating profit

ProfitMillion yen%

Million yen%

Million yen%

Million yen%

356,446
332,699

7.1(4.9)

23,302
22,565

3.3(34.1)

22,787
21,7244.9(35.8)

16,1688,477

90.7(63.8)

Basic earnings
per share

Fiscal year ended
March 31, 2020
March 31, 2019

Ordinary profit

Diluted earnings
per share
Yen

Yen

81.23
43.24

81.21
42.28

(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2020
322,269
As of March 31, 2019
333,132(Reference) Equity: As of March 30, 2020: ¥129,328million
As of March 31, 2019: ¥126,794 million

Equity ratio

Million yen%

Net assets per shareYen

129,332
126,79840.1
38.1

670.00634.68

2. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 toMarch 31, 2021)
The effects of the spread of COVID-19 (Novel Coronavirus) upon the Company’s future business performance isdifficult at this time to calculate in a reasonable manner, and thus the Company has not yet decided upon the
Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021.The Company will
disclose the forecast as soon as it is able to do so.

１. Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)
As of March 31, 2019
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Securities
Costs on construction contracts in progress
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Other
Accumulated depreciation
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of March 31, 2020

120,302102,971

118,753

137,730

15,9997,755
5,030
18,297(12)
286,127

14,000
4,927
4,686
13,279(14)277,582

20,602
10,746
15,057
1,104(20,583)
26,9282,013

22,297
11,421
15,505
1,500(21,576)
29,148
1,572

22,442
439
8,427
3,278
(0)
34,58763,528349,656

18,698
145
9,527
3,099
(1)
31,46962,190339,772(Million yen)
As of March 31, 2019
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Short-term borrowings
Current portion of bonds
Income taxes payable
Advances received on construction contracts inprogress
Deposits received
Provision for warranties for completed construction
Provision for bonuses
Provision for loss on construction contracts
Provision for loss on damage due to fire
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Provision for environmental measures
Provision for management board incentive plan
trust
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-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

2

As of March 31, 2020

72,62378,93019,139357
2,437

17,391341
4,812

46,01430,86230,564
1,886
2,386
1,733
7,743
7,017
191,904

27,461
2,371
2,679
955
6,699
6,881
179,386

711
9,064
46
12,959
151

691
8,712
45
12,776
148

107

93

1,027
24,069215,973

1,016
23,485
202,872

17,006
19,927
92,945(255)
129,622

17,006
19,926103,699(5,284)
135,348

4,482
(3)
62
(1,356)3,184
4
869
133,682349,656

1,880
－
116
(1,287)709
4837
136,900
339,772

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)(Fiscal year ended March 31, 2020)(Million yen)
For the Fiscal year ended
March 31, 2019
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
Operating profit
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Compensation for damage
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on reversal of provision for loss on damage due to fire
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Impairment loss
Loss on litigation
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on damage due to fire
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

3

For the Fiscal year ended
March 31, 2020

334,244
25,726359,971358,190
19,944
378,135

290,867
23,312
314,179

314,013
16,905
330,918

43,3772,414
45,79122,09923,692

44,177
3,039
47,216
22,517
24,699

131
382
295
808

110
315
310
736

481
415
454
653
2,005
22,495

422
336
170
524
1,452
23,983

48
－
－
48

86
254
733
1,074

－
45
148
－
－
9,333
9,527
13,016
7,153(3,002)
4,150
8,865
3
8,862

30
－
46
142
69
315
603
24,454
7,875
(147)
7,727
16,727(76)
16,803

(Consolidated Statements of Comprehensive Income)(Fiscal year ended March 31, 2020)(Million yen)

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
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

For the Fiscal year ended
March 31, 2019
8,865

For the Fiscal year ended
March 31, 2020
16,727

(125)
16
(99)
(360)
(569)
8,296

(2,602)3103
69(2,425)
14,3018,319(22)

14,328(27)

4

(3) Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2019)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of
periodChanges in items during
periodConversion of Convertiblebond-type bonds withshare acquisition rights

Capital surplus

12,651

15,643

4,354

4,354

Retained earnings

Treasury shares

89,828

(295)

Total
shareholders'equity117,827

8,709

Dividends of surplus(5,795)(5,795)

Profit attributable to ownersof parent

8,862

8,862

Disposal of treasury shares(5)

Purchase of treasury shares
Change in scope of
consolidation
Capital reduction of
consolidated subsidiaries
Net changes in items otherthan shareholders’ equity
Total changes in items during
period

(4)

41

35

(1)

(1)

49

44

(60)

Balance at end of period

(60)

4,354

4,284

3,116

39

11,79417,006

19,927

92,945(255)

129,622

Accumulated other comprehensive income

Balance at beginning of
periodChanges in items during
periodConversion of Convertiblebond-type bonds withshare acquisition rights

Valuationdifference on
available-forsale securities

Deferred gains
or losses onhedges

4,607

(19)

Foreigncurrencytranslation
adjustment

134

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights

Noncontrollinginterests

Total
net assets

(996)

3,726

8

837

122,400

8,709

Dividends of surplus(5,795)

Profit attributable to ownersof parent

8,862

Disposal of treasury shares

35

Purchase of treasury shares(1)

Change in scope of
consolidation
Capital reduction of
consolidated subsidiaries
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

44
(60)
(125)

16

(72)

(360)

(541)

(4)

32

(512)

(125)

16

(72)

(360)

(541)

(4)

32

11,281

4,482

(3)

62

(1,356)

3,184

4

869

133,6825

(Fiscal year ended March 31, 2020)(Million yen)
Shareholders' equity

Share capital
Balance at beginning of
periodChanges in items during
periodCapital surplus

17,006

Retained earnings

Treasury shares

92,945(255)

19,927

Total
shareholders'equity129,622

Dividends of surplus(6,004)(6,004)

Profit attributable to ownersof parent

16,803

16,803

Disposal of treasury shares(0)

Purchase of treasury shares
Change of scope of
consolidation
Net changes in items otherthan shareholders’ equity
Total changes in items during
period37

36(5,065)(5,065)(44)

Balance at end of period

(44)

－

(0)

10,754(5,028)5,726

17,006

19,926103,699(5,284)

135,348

Accumulated other comprehensive income

Balance at beginning of
periodChanges in items during
periodValuationdifference on
available-forsale securities

Deferred gains
or losses onhedges4,482(3)Foreigncurrencytranslation
adjustment

62

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights

Noncontrollinginterests

Total
net assets(1,356)

3,184

4

869

133,682

Dividends of surplus(6,004)

Profit attributable to ownersof parent

16,803

Disposal of treasury shares

36

Purchase of treasury shares(5,065)

Change of scope of
consolidation
Net changes in items otherthan shareholders’ equity
Total changes in items during
period(2,602)3

54

69(2,475)(0)(32)(2,507)(2,602)3

54

69(2,475)

(0)

(32)

3,218

Balance at end of period

1,880

－

116

(1,287)

709

4

837

136,900(44)

6

(4) Consolidated Statements of Cash Flows(Fiscal year ended March 31, 2020)(Million yen)
For the Fiscal year ended
March 31, 2019
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Loss on damage due to fire
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for warranties forcompleted construction
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in provision for loss on damage
due to fire
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts
in progress
Decrease (increase) in other inventories
Decrease (increase) in advances paid
Increase (decrease) in trade payables
Increase (decrease) in advances received on
construction contracts in progress
Increase (decrease) in deposits received
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Compensation for damage paid
Income taxes paid
Cash flows from operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of short-term and long-term investment
securities
Proceeds from sales of short-term andlong-term investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Proceeds from sales of intangible assets
Other, net
Cash flows from investing activities

7

For the Fiscal year ended
March 31, 2020

13,016
1,794
45
9,333
(21)

24,454
1,814
－
315
2

(375)

484

1,382

(778)

－

(1,043)

(56)
(513)
481
(128)
－
－
(51)
(13,309)

(87)
(426)
422
188
(112)
69
(56)
(19,059)(2,450)2,833(1,097)(389)(15,849)

339
1,224
6,339

20,611(15,153)

13,898(8,574)(2,005)
15,739
472
(442)
(494)
(9,374)
5,900(3,100)
280
4,288
3,239
446
(434)
(1,027)(5,326)(3,102)(11,123)
11,458(1,474)
1,250(1,202)

(855)

108

1,144

(1,754)(3,805)

200

234

－
(42)
(2,356)289
199(3,016)

(Million yen)

For the Fiscal year ended
March 31, 2019

For the Fiscal year ended
March 31, 2020

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Cash flows from 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
Increase in cash and cash equivalents resulting from
inclusion of subsidiaries in consolidation
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation
Cash and cash equivalents at end of period

8(4,410)8,637(6,299)
555
(417)
(1)
(5,795)(4)(42)(7,779)95,304(7,398)358(393)(5,065)(6,004)(5)(48)(13,244)

104

(184)

(4,132)
139,190(19,547)
135,093

35

－

－

(84)

135,093

115,461

２. Non-Consolidated Financial Statements(1) Non-Consolidated Balance Sheets(Million yen)
As of March 31, 2019
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable from completed construction
contracts
Accounts receivable- other business
Securities
Real estate for sale
Costs on construction contracts in progress
Costs on other business
Raw materials and supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment

9

As of March 31, 2020

112,892
1,815
5,776

95,467
184
2,597

107,190132,080

1,072
15,999
511
8,092
1,135
3
76
17,888(11)
272,443836
14,000
511
4,555
740
3
67
12,907(13)
263,937

16,471(9,150)7,320
2,108(1,772)335
3,546(2,598)
947
260
(192)
67
3,578
(3,044)533
13,696
342
(169)
172
195
23,27018,041(9,547)
8,493
2,174(1,797)377
3,744(2,864)
879
227
(180)
47
3,718
(3,221)497
13,559
353
(166)
187
495
24,538(Million yen)
As of March 31, 2019
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital
Investments in capital of subsidiaries and associates
Long-term loans receivable
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andassociates
Claims provable in bankruptcy, claims provable inrehabilitation and other
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
Accounts payable for construction contracts
Accounts payable - other business
Short-term borrowings
Current portion of bonds
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received on construction contracts in progress
Advances received on other business
Deposits received
Unearned revenue
Provision for warranties for completed construction
Provision for bonuses
Provision for loss on construction contracts
Provision for loss on damage due to fire
Other
Total current liabilities

10

As of March 31, 2020

396
1,199
186
1,781

106
1,093
132
1,332

22,205
2,796
24
111
20
38

18,452
2,688
24
111
16
40

381

88

－
40
7,253
2,765
(0)
35,63760,689333,132

1
31
8,370
2,634
(1)
32,46058,331
322,269

2,379
9,788
59,427304
19,053
357
62
3,183
60
2,267
45,048418
29,555
5
1,888
2,260
1,724
7,743
507
186,038

2,107
12,531
63,556408
17,305
341
71
2,500
37
4,319
29,999351
26,718
5
2,369
2,561
953
6,699
154
172,991

As of March 31, 2019Non-current liabilities
Bonds payable
Long-term borrowings
Lease obligations
Provisions for retirement benefits
Provision for environmental measures
Provision for management board incentive plan
trust
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surpluses
Retained earnings
Other retained earning
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets

11

As of March 31, 2020

711
8,422
117
9,976
151

691
8,155
124
9,899
148

107

93

490
317
20,295
206,333493
337
19,944
192,936

17,00617,006

17,123
2,869
19,992

17,123
2,868
19,99285,57385,573(255)
122,316

95,737
95,737(5,284)
127,451

4,478
4,478
4
126,798
333,132

1,876
1,876
4
129,332
322,269

(2) Non-Consolidated Statements of Income(Fiscal year ended March 31, 2020)(Million yen)
For the Fiscal year ended
March 31, 2019

For the Fiscal year ended
March 31, 2020

327,649
5,050
332,699351,527
4,918
356,446285,285
4,345
289,630

308,352
4,074
312,427

42,363704
43,06843,174844
44,019

328
－
6,731
2,239
621
1,296
331
342
502
1,349
108
2,257
179
1
0
279
101
891
853
1,095
94
894
20,502
22,565

257
22
6,753
2,125
650
1,299
330
281
430
1,347
102
2,741
183
3
－
284
42
950
890
1,095
70
851
20,71623,302

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
Remuneration for directors (and other officers)
Provision for management board incentive plan trust
Employees' salaries and allowances
Provision for bonuses
Retirement benefit expenses
Legal welfare expenses
Welfare expenses
Repair and maintenance expenses
Stationery expenses
Communication and transportation expenses
Power utilities expenses
Research study expenses
Advertising expenses
Provision of allowance for doubtful accounts
Bad debts expenses
Entertainment expenses
Donations
Rent expenses on land and buildings
Depreciation
Taxes and dues
Insurance expenses
Miscellaneous expenses
Selling, general and administrative expenses
Operating profit

12

For the Fiscal year ended
March 31, 2019
Non-operating income
Interest income
Interest on securities
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Interest on bonds
Foreign exchange losses
Compensation for damage
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on reversal of provision for loss on damage due to fire
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on damage due to fire
Loss on sales of non-current assets
Impairment loss
Loss on litigation
Loss on sales of investment securities
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit13

For the Fiscal year ended
March 31, 2020

96
3
750
270
1,121

73
2
562
267
906

457
12
414
454
624
1,962
21,724

399
11
337
170
502
1,421
22,787

－
－
－
－
－

733
57
144
110
1,045

9,333
－
45
148
－
－
9,527
12,197
6,716(2,997)
3,719
8,477

315
30
－
46
142
69
603
23,228
7,187
(127)
7,060
16,168

(3) Non-Consolidated Statements of Changes in Equity(Fiscal year ended March 31, 2019)(Million yen)
Shareholders' equity
Capital surplus

SharecapitalBalance at beginning of
periodChanges in item during
periodConversion of Convertiblebond-type bonds withshare acquisition rights

Retained earnings

Legal
capitalsurplus

OthercapitalsurplusTotal
capitalsurplus12,651

12,7682,874

15,643

4,354

4,354

Other
retainedearnings
Retainedearnings
brought
forward82,891

Total
retainedearnings

Treasuryshares82,891

(295)

4,354

Total
shareholders'equity110,890

8,709

Dividends of surplus(5,795)(5,795)(5,795)

Profit

8,477

8,477

8,477

Disposal of treasury shares

(5)

(5)

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period

(1)

(5)

4,349

2,681

2,681

39

11,42517,006

17,123

2,869

19,99285,57385,573(255)

122,316

Valuationdifference on
available-forsale securities

Total valuationand translation
adjustments

4,601

4,601

Share
acquisitionrightsTotal
net assets

8

115,500

8,709(5,795)

Profit8,477

Disposal of treasury shares

35

Purchase of treasury shares(1)

Balance at end of period

(1)

4,354

Dividends of surplus

Net changes in items otherthan shareholders’ equity
Total changes in items during
period35

4,354Valuation and translation
adjustments

Balance at beginning of
periodChanges in item during
periodConversion of Convertiblebond-type bonds withshare acquisition rights

41

(123)

(123)

(4)

(127)

(123)

(123)

(4)

11,298

4,478

4,478

4

126,798

14

(Fiscal year ended March 31, 2020)(Million yen)
Shareholders' equity
Capital surplus

SharecapitalRetained earnings
Otherretainedearnings

Total
shareholders'equityTotal
retainedearnings

Treasuryshares85,57385,573(255)

Dividends of surplus(6,004)(6,004)(6,004)

Profit16,16816,16816,168

Balance at beginning of
periodChanges in item during
periodLegalcapitalsurplus

OthercapitalsurplusTotal
capitalsurplus17,123

2,869

19,992

17,006

Disposal of treasury shares(0)

Retainedearnings
brought
forward(0)

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes in items during
periodBalance at end of period(5,065)(5,065)(0)(0)

10,164

10,164(5,028)5,135

17,006

17,123

2,868

19,992

95,737

95,737(5,284)

127,451

Valuationdifference on
available-forsale securities

Total valuationand translation
adjustments

4,478

4,478

Share
acquisitionrightsTotal
net assets

4

126,798(6,004)

Profit16,168

Disposal of treasury shares

36

Purchase of treasury shares(5,065)

Balance at end of period

36－

Dividends of surplus

Net changes in items otherthan shareholders’ equity
Total changes in items during
period37－

Valuation and translation
adjustments

Balance at beginning of
periodChanges in item during
period122,316(2,601)(2,601)(0)(2,601)(2,601)(2,601)

(0)

2,533

1,876

1,876

4

129,332

15

３. Supplementary Information(1) Results for the fiscal year ended March 31, 2020 and forecasts for the six months ending September 30, 2020and full year
1. Non-consolidated(Unit: Million yen. Rounded down to the unit)

Fiscal year ended March 31, 2020
Items

Results forthe fiscal year ended
March 31, 2019

Forecasts forthe fiscal year ended
March 31, 2020
(announced in February 2020)

Results forthe fiscal year ended
March 31, 2020

Civil engineering

192,178

180,000

193,575

Building
construction

235,473

200,000

186,706

Total orders received

427,651

380,000

380,281

Civil engineering
Net sales ofcompleted Building
construction construction
Total net sales ofcontracts
completed
construction contracts

118,790122,000

124,314

208,858

228,000

227,213327,649

350,000

351,527

24,083[20.3％]
18,279[8.8％]
42,36321,500[17.6％]
21,000[9.2％]
42,50021,960[17.7％]
21,214[9.3％]
43,174[12.9％][12.1％][12.3％]

332,699355,500

356,446

43,068[12.9％]

43,400[12.2％]

44,019[12.3％]

20,502

20,70020,716

22,565[6.8％](840)[381]
21,724[6.5％]

22,700[6.4％](500)[200]
22,200[6.2％]

23,302[6.5％](515)[227]
22,787[6.4％](9,527)

(300)

441

12,197

21,90023,228[3.7％][6.2％][6.5％]

3,719

6,900

7,060

8,477

15,00016,168[2.5％][4.2％][4.5％]

Ordersreceived

Civil engineering
Gross profit
on completed Building
construction construction
Total gross profit oncontracts
completed construction
contracts

Gross sales
Gross profit
Selling, general andadministrative expenses
Operating profit
Non-operating income/expenses[Interest income/expenses]
Ordinary profit
Extraordinary income/losses
Profit before income taxes
Tax expenses
Profit16

2. Consolidated(Unit: Million yen. Rounded down to the unit)

Fiscal year ended March 31, 2020
Items

Results forthe fiscal year ended
March 31, 2019

Forecasts forthe fiscal year ended
March 31, 2020
(announced in February 2020)

Results forthe fiscal year ended
March 31, 2020

Gross sales

359,971

382,000

378,135

Selling, general andadministrative expenses

22,09922,50022,517

23,692[6.6％]
22,495[6.2％]
8,862[2.5％]

23,700[6.2％]
23,200[6.1％]
15,600[4.1％]

24,699[6.5％]
23,983[6.3％]
16,803[4.4％]

Operating profit
Ordinary profit
Profit attributable toowners of parent

The effects of the spread of COVID-19 (Novel Coronavirus) upon the Company’s future business performance isdifficult at this time to calculate in a reasonable manner, and thus the Company has not yet decided upon the
Financial Results Forecast for the Fiscal Year Ending March 31, 2021.The Company will disclose the forecast
as soon as it is able to do so.

(2) Non-consolidated orders received, net sales, and year-end backlog(Orders received for the construction business)

Category

For the fiscal year ended
March 31, 2019
AmountDomestic
civil
engineering
Domesticbuilding
construction

Domestic

Government
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2020%

AmountIncrease/decrease%

Amount82,613[46.3]

71,828[40.9](10,785)% change(13.1)

95,847[53.7]

103,899[59.1]

8,052

8.4

Total
Government
sectorPrivate sector

178,460

41.7

175,72746.2(2,732)(1.5)

38,739[17.8]

8,713

[5.1]

(30,025)(77.5)

179,255[82.2]

163,580[94.9](15,675)

(8.7)

Total
Government
sectorPrivate sector

217,995

51.0

172,29345.3(45,701)(21.0)

121,352[30.6]

80,541[23.1](40,810)(33.6)

275,103[69.4]

267,479[76.9](7,623)

(2.8)

Total

396,455

92.7

348,02191.5(48,433)(12.2)

13,717[44.0]

17,847[55.3]

4,129

30.1

17,478[56.0]

14,412[44.7](3,065)(17.5)

31,196

7.3

32,259

8.5

1,063

3.4

192,178[44.9]

193,575[50.9]

1,396

0.7

235,473[55.1]

186,706[49.1](48,767)(20.7)

427,651

100.0

380,281100.0(47,370)(11.1)

Civil engineering
Building
Overseas
construction
Total
Civil engineering
Building
Sum total
construction
Total

17

(Net sales for the construction business)

Category(Unit: Million yen, %)For the fiscal year ended
March 31, 2019
AmountDomestic
civil
engineering
Domesticbuilding
construction

Domestic

Government
sectorPrivate sector
Total
Government
sectorPrivate sector

For the fiscal year ended
March 31, 2020%

AmountIncrease/decrease%

Amount% change

70,268[63.4]

78,588[68.6]

8,320

11.8

40,530[36.6]

35,982[31.4](4,548)(11.2)

110,798

33.8

114,570

32.6

3,771

3.4

26,931[14.3]

30,130[14.3]

3,198

11.9

161,429[85.7]

180,720[85.7]

19,29011.9

Total
Government
sectorPrivate sector

188,36157.5

210,850

60.0

22,48911.9

97,200[32.5]

108,718[33.4]

11,51811.9

201,960[67.5]

216,702[66.6]

14,742

7.3

Total

299,160

91.3

325,42192.6

26,2618.8

7,991[28.1]

9,743[37.3]

1,751

21.9

20,497[71.9]

16,362[62.7](4,134)(20.2)

Civil engineering
Building
Overseas
construction
Total
Civil engineering
Building
Sum total
construction
Total

28,488

8.7

26,106

7.4(2,382)(8.4)

118,790[36.3]

124,314[35.4]

5,523

4.6

208,858[63.7]

227,213[64.6]

18,355

8.8

327,649100.0

351,527100.0

23,8787.3

18

(Year-end backlog for the construction business)

Category

For the fiscal year ended
March 31, 2019
AmountGovernment
sectorPrivate sector(Unit: Million yen, %)For the fiscal year ended
March 31, 2020%

AmountIncrease/decrease%

Amount% change

164,653[59.2]

157,893[46.5](6,759)(4.1)

113,702[40.8]

181,619[53.5]

67,917

59.7

Total
Government
sectorPrivate sector

278,355

53.7

339,512

62.1

61,15722.0

42,006[20.0]

20,589[12.0](21,417)(51.0)

168,040[80.0]

150,900[88.0](17,139)(10.2)

Total
Government
sectorPrivate sector

210,04640.5

171,48931.4(38,556)(18.4)

206,659[42.3]

178,482[34.9](28,176)(13.6)

281,742[57.7]

332,519[65.1]

50,777

18.0

Total

488,401

94.2

511,00293.5

22,600

4.6

Civil engineering
Building
Overseas
construction
Total

16,558[55.5]

24,607[68.9]

8,048

48.6

13,271[44.5]

11,089[31.1](2,182)(16.4)

29,8305.8

35,696

6.5

5,866

19.7

Civil engineering
Building
Sum total
construction
Total

294,914[56.9]

364,119[66.6]

69,205

23.5

223,318[43.1]

182,578[33.4](40,739)(18.2)

518,232100.0

546,698

100.0

28,466

5.5

Domestic
civil
engineering
Domesticbuilding
construction

Domestic(Net sales for other businesses)

Category

Other businesses(Unit: Million yen, %)For the fiscal year ended
March 31, 2019

For the fiscal year ended
March 31, 2020

AmountAmount5,050

Amount4,918

19

Increase/decrease(131)% change(2.6)