Supplementary Materials for theSummary of Financial Reports
2Q, FYE June 30, 2020

February 13, 2020

Nippon Koei Co., Ltd.
This presentation is provided for informational purposes only and is not intended to solicit any action. Presentation in the materials (including
forecasts of financial Results) is based on credible information available at the time of publication and certain assumptions Nippon Koei believes tobe reasonable. Various factors may cause actual results to differ from the projected numbers or other expectations implied or ex pressed in thispresentation.

2Q Results for FYE June 30, 2020
Net sales increased as all segments performed well. Operating loss was reduced.

(Millions of yen)FYE19/62Q
Results

FYE20/62Q
Results

YoY ChangeAmount%

Orders47,70758,395

10,687122.4%Net sales

39,14649,14810,002125.6%

Gross profit

10,215

12,7002,484

124.3%

Operating Income△2,817△1,4271,390-

Ordinary Income△2,901△1,185

1,715-

Profit attributable toowners of parent△2,331△910

1,421-■Orders received were higher than in the same period of the previous year as International
Consulting and Power Engineering performed well.
■Net sales increased year-on-year in all segments.
■For operating income, although losses in energy business expanded, losses were reduced
overall year on year due to sales growth in other segments.
■ Quarterly net loss was reduced due to an increase in operating income and animprovement in non-operating expenses.
2

Results by Business Segment (Orders)
FYE19/6
2Q
Results（Millions of yen）

FYE20/6
2Q
Results

YoY Change
Amount%Orders47,70758,395

10,687122.4%

Domestic Consulting

23,471

24,495

1,024

104.4%

International Consulting11,569

17,627

6,057

152.4%

Power Engineering

4,568

7,182

2,614

157.2%

Urban & Spatial Development

7,824

8,984

1,159114.8%

225

56

△16924.9%

Energy■Domestic Consulting■International Consulting■Power Engineering

24,49523,471■Urban & SpatialDevelopment■Energy

17,627
11,569
4,568
19/6
2Q

20/6
2Q

19/6
2Q

20/6
2Q

19/6
2Q

7,182

20/6
2Q

7,824 8,984

19/6
2Q

20/6
2Q

225

56

19/6
2Q

20/6
2Q
3

Results by Business Segment (Net sales)
FYE19/6
2Q
Results（Millions of yen）

FYE20/62Q
Results

YoY Change%AmountNet sales

39,14649,14810,002125.6%

Domestic Consulting

14,071

19,2675,196

136.9%

International Consulting

10,685

12,025

1,339

112.5%

Power Engineering

6,718

7,583

864

112.9%

Urban & Spatial Development

6,761

8,963

2,201

132.6%

Energy

364

710

345

194.7%

Real Estate/Others

543

597

53109.9%■Domestic Consulting■International Consulting■Power Engineering■Urban & SpatialDevelopment

6,718 7,583

6,761

19,267
14,071

12,025
10,685■Energy

8,963

364 710
19/6
2Q

20/6
2Q

19/6
2Q

20/6
2Q

19/6
2Q

20/6
2Q

19/6
2Q20/62Q

19/62Q

20/62Q4Results by Business Segment (Operating Income)
FYE19/62Q
Results（Millions of yen）

FYE20/62Q
Results

YoY ChangeAmount%

Operating Income△2,817△1,4271,390-

Domestic Consulting△1,990△1,338651-

International Consulting△72173245-

Power Engineering

519620100119.4%

Urban & Spatial Development△21504526-

Energy△113△175△62-△1,139△1,211△71-■Power Engineering■Urban & SpatialDevelopment

Real Estate/Others■Domestic Consulting■International Consulting

519 620

19/6 20/62Q 2Q504

173△ 21△ 72

△ 1,338■Energy

19/6 20/6
2Q 2Q

19/6 20/6
2Q 2Q

19/6 20/6
2Q 2Q

△ 113
△ 175
19/6 20/6
2Q 2Q△ 1,9905

Overview of Performance by Business Segment
Domestic Consulting– Orders received were higher than the same period of the previous year due to Typhoon
Hagibis disaster-related orders and large-scale orders.
– Net sales increased due to continued efforts and steady progress in projects related tonational land resilience, as well as the expansion of the scope of application of thepercentage-of-completion method.
– Operating loss was reduced with an increase in net sales.

International Consulting– Orders received were higher than the same period of the previous year as we obtainedorders for a large-scale project in the Chennai metropolitan region in India.
– Net sales increased due to steady progress in projects and the expansion of the scope of
application of the percentage-of-completion method.
– Operating loss turned positive as net sales increased.

Power Engineering– Orders received were higher than the same period of the previous year due to orders forregional power company projects and other large private projects.
– Net sales increased due to the steady processing of orders in hand.
– Operating loss was reduced with an increase in net sales.
6Overview of Performance by Business Segment
Urban & Spatial Development– Orders received were higher than the same period of the previous year despite the impactof the UK election in the private sector.
– Net sales increased due to steady performance in the refurbishment of the Palace ofWestminster and in-hand projects.
– Operating loss turned positive due to the strong performance of the new Canadian
consolidated subsidiary consolidated to our group in the third quarter of the previous fiscal
year, in addition to the improved profitability of BDP.
* The fixed exchange rate applied to the results for the 2nd quarter of FYE June 30, 2020: 1 GBP = 136.46 JPY (the rate used in the planfor FYE June 30, 2020 was 1 GBP = 144.27 JPY)** The amount of amortization expense of Urban & Spatial Development business for FYE June 30, 2020 is approx. 1 billion JPY(goodwill: approx. 400 million JPY; other intangible fixed assets: approx. 500 million JPY).

Energy– Orders received were lower than in the same period of the previous year due to thedelay in expected orders related to storage batteries in Europe.
– Net sales increased due to progress in the construction of power receiving andtransforming facilities, installation, etc., for two storage battery projects in the United
Kingdom.
– Operating loss widened due to expenses of European bases, an upfront investment.
7

FYE June 2020 Forecast（millions of yen）
OrdersDomestic Consulting
International Consulting
Power Engineering
Urban & Spatial Development
EnergyNet sales
Domestic Consulting
International Consulting
Power Engineering
Urban & Spatial Development
EnergyReal Estate Leasing/Others

Operating income
Domestic Consulting
International Consulting
Power Engineering
Urban & Spatial Development
EnergyReal Estate Leasing/Others

Ordinary Income
Profit attributable to owners of parent
Operating margin (%)
ROE (%)FYE 19/6
Results
118,085
52,85528,482
15,411
20,510723
108,589
49,59324,928
16,531
15,359
719
1,456
5,110
4,990
841
2,089
151
△365
△2,597
5,584
3,318
4.7
5.7

No changes have been made to the forecast for
the entire FYE June 2020 period.

FYE20/6
Forecast(Japanese GAAP)

137,400
52,40048,10016,00018,6002,100127,700
51,30034,50019,60018,800
2,200
1,300
5,800
4,200
2,900
2,200
600
△800
△3,300
6,200
3,600
4.5
6.1

YoY Change
AmountYoY Change%

19,314△455
19,617588△1,9101,376
19,110
1,706
9,571
3,068
3,440
1,480
△156
689
△790
2,058
110
448
△434
△702615281

116.4%
99.1%
168.9%
103.8%
90.7%
290.1%
117.6%
103.4%
138.4%
118.6%
122.4%
305.8%
89.3%
113.5%
84.2%
344.6%
105.3%
395.0%
111.0%
108.5%

FYE20/6
Forecast(IFRS)

137,400
52,40048,10016,00018,6002,100
127,700
51,30034,50019,60018,800
2,200
1,300
6,700
4,300
2,900
2,300
1,500
△900
△3,4004,500
5.2
7.58