Consolidated Financial Results
for the Nine Months Ended March 31, 2017
[Japanese GAAP]May 15, 2017
Company name: Nippon Koei Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1954
URL: https://www.n-koei.co.jp/english
Representative: Ryuichi Arimoto, Representative Director and President
Contact: Toshihide Hattori, General Manager, Accounting Department
Phone: +81-3-3238-8040
Scheduled date of filing quarterly securities report: May 15, 2017
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: None

(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended March 31, 2017 (July 1, 2016 to March 31, 2017)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Nine months ended
Million yen%
Million yen% Million yen%
Million yen%
March 31, 2017
64,168
24.0)
3,603
93.8
4,032
144.6
2,615
538.6)March 31, 2016
51,754(3.2)
1,858(24.9)
1,648(50.8)
409(88.5)(Note) Comprehensive income:Nine months ended March 31, 2017: ¥1,632 million [ - %]Nine months ended March 31, 2016: ¥(708) million [ - %]Diluted net income
0per share
Nine months ended
Yen
Yen
March 31, 2017169.76
March 31, 2016
26.77
(Note) The Company conducted a share consolidation at a rate of one share for every five shares on January 1, 2017. The figures for “Net
income per share” are amounts on the assumption that the Company conducts the share consolidation on the beginning of previous
fiscal year.
Net income per share(2) Consolidated Financial Position
Total assets
Net assets
As ofMillion yen
Million yen
March 31, 2017
127,284
52,400June 30, 2016
100,989
51,460(Reference) Equity: As of March 31, 2017: ¥52,073 million
As of June 30, 2016
: ¥51,122 million

Equity ratio
%
40.9
50.6

2. Dividends
Annual dividends

Fiscal year ended June 30, 2016
Fiscal year ending June 30, 2017

1stquarter-end
Yen
-

2nd
quarter-end
Yen-

Fiscal year ending June 30, 2017
(Forecast)(Note)(1) Revision to the forecast for dividends announced most recently: None

3rdquarter-end
Yen-

Year-end

Total

Yen
10.00

Yen
10.00

75.00

75.00

(2) The Company conducted a share consolidation at a rate of one share for every five shares on January 1, 2017. The figure for “Year-end
annual dividends” for fiscal year ending June 30, 2017 (Forecast) is an amount that takes into account the share consolidation. For details,
please refer to “* Explanation of the proper use of financial results forecast and other notes.”1

3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2017(July 1, 2016 to June 30, 2017)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net income
Net sales
Operating income
Ordinary income
owners of parent
per share
Million yen%
Million yen%
Million yen%
Million yen%
Yen
Full year
105,000
28.3
6,000
27.0
6,300
44.3
3,600
97.5
233.70(Note)(1) Revision to the financial results forecast announced most recently: None
(2) The Company conducted a share consolidation at a rate of one share for every five shares on January 1, 2017. The figure for “Net income
per share” of full year in the Consolidated Financial Results Forecasts for the Fiscal Year Ending June 30, 2017 is an amount that takes
into account the share consolidation. For details, please refer to “* Explanation of the proper use of financial results forecast and othernotes.”* Notes:(1) Changes in significant subsidiaries during the period (Changes in scope of consolidations resulting from change in subsidiaries): None
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock):
As of March 31, 2017
: 17,331,302 shares
As of June 30, 2016
: 17,331,302 shares2) Total number of treasury stock at the end of the period:
As of March 31, 2017
: 1,906,154 shares
As of June 30, 2016
: 1,963,228 shares
3) Average number of shares during the period:
Nine months ended March 31, 2017
: 15,404,591 shares
Nine months ended March 31, 2016
: 15,295,545 shares(Note) The Company conducted a share consolidation at a rate of one share for every five shares on January 1, 2017. The figures for “Total
number of issued shares at the end of the period”, “Total number of treasury stock at the end of the period” and “Average number ofshares during the period” are amounts on the assumption that the Company conducts the share consolidation on the beginning ofprevious fiscal year.
* These Consolidated Financial Results are not subject to quarterly review procedures.
* Explanation of the proper use of financial results forecast and other notes
1. The earnings forecasts and other forward-looking statements disclosed herein are based on information available to the Company asof the date of publication of this document and certain assumptions deemed reasonable. Actual results, etc. may differ significantly
due to a wide range of factors. With regard to the assumptions and other related matters concerning forecasts for the fiscal year
ending June 30, 2017, refer to “1 Analysis of Operating Results and Financial Position” on page 2, contained in the attacheddocuments.
2. Following the approval of the proposal concerning the share consolidation at the 72nd Ordinary General Meeting of Shareholders
held on September 29, 2016, the Company conducted a share consolidation at a rate of one share for every five shares on January 1,
2017. Forecast of dividend and Consolidated Financial Results for the Fiscal Year Ending June 30, 2017 with and without taking into
account the share consolidation are as follows:(1) Dividend Forecast for the Fiscal Year Ending June 30, 2017
Without taking into accountWith taking into accountthe share consolidation
the share consolidation
Yen
Yen
Year-end dividend per share
15.00
75.00
(2) Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2017
Without taking into accountWith taking into accountthe share consolidation
the share consolidation
Yen
46.74

Net income per share of full year2

Yen
233.70Table of Contents of Attached Documents
1. Analysis of Operating Results and Financial Position ......................................................................................... 2(1) Analysis of Consolidated Operating Results ................................................................................................... 2(2) Analysis of Consolidated Financial Position ................................................................................................... 3(3) Consolidated Financial Results Forecast and Other Forward-looking Statements .......................................... 4
2. Matters Relating to Summary Information (Notes) ............................................................................................. 5(1) Changes in Significant Subsidiaries during the Period(Changes in scope of consolidations resulting from changes in subsidiaries) ................................................. 5(2) Accounting Policies Adopted Specially for the Preparation of
Quarterly Consolidated Financial Statements .................................................................................................. 5(3) Changes in Accounting Policies and Changes in Accounting Estimates andRetrospective Restatement............................................................................................................................... 5(4) Additional Information .................................................................................................................................... 5
3. Quarterly Consolidated Financial Statements ...................................................................................................... 6(1) Quarterly Consolidated Balance Sheets ........................................................................................................... 6(2) Quarterly Consolidated Statements of Operating and Comprehensive Income ............................................... 8(3) Quarterly Consolidated Statements of Cash Flows ......................................................................................... 9(4) Notes to Quarterly Consolidated Financial Statements ................................................................................. 10(Notes on Going Concern Assumption) ......................................................................................................... 10(Significant Changes in Shareholders’ Equity) .............................................................................................. 10(Segment Information)................................................................................................................................... 10(Subsequent Events) .......................................................................................................................................11
4. Supplementary Information ............................................................................................................................... 12(1) Status of Orders and Sales ............................................................................................................................. 12

1

1. Analysis of Operating Results and Financial Position(1) Analysis of Consolidated Operating Results
During the nine months ended March 31, 2017 (from July 1, 2016 to March 31, 2017), Japan’s economy
continued on a moderate recovery path with signs of private consumption picking up against the backgroundof steady improvements in employment and income. Overseas economies continued to have a sense of
growing the risk of economic downturns in the emerging markets of China and other Asian countries, as wellas uncertainty about the economic policies of the United States and Europe.
The business environment of Nippon Koei Co., Ltd. (the “Company”) and its subsidiaries (together, the“Group”) continued to be stable, and each business segment saw steady demand. The Group undertook
measures for disaster prevention and mitigation and measures to prevent deterioration of infrastructures for
public works projects in the Domestic Consulting Operations, promoted strategic exporting of infrastructure
systems in the International Consulting Operations, and renewed power distribution equipment in the PowerEngineering Operations. While demand for architectural designs in the UK was solid in the Urban & Spatial
Development Operations, which was being affected by appreciation of the yen against pound sterling.
Under these circumstances, based on the Medium-Term Management Plan “NK-AIM” (from July 2015 toJune 2018), with the fundamental principles of “Sustainable growth of three core businesses,” “Generation andexpansion of new businesses,” and “Autonomy and collaboration,” the Group tackled the three focus themesof “Further advance of global expansion,” “Further expansion of business fields and improvement of
profitability by intensifying existing core businesses,” and “Demonstrating the true merits of aggregatedtechnologies for establishment of new business domains.” As companywide measures to realize these goals,
the Group actively advanced “Development of next-generation core technologies and further improvement oftechnical strengths and productivity,” “Strengthening of human resource recruitment and training,” and“Promotion of collaboration and enhancement of corporate governance.”
As a result of the above, Group performance was favorable during the nine months ended March 31, 2017.
This was due mainly to the acceptance of an order for consulting services relating to the Greater Cairo MetroLine No. 4 phase 1 project in Egypt, and consolidation of the balance sheet of BDP HOLDINGS LIMITED, as
well as its subsidiaries (together, “BDP”) from the end of the previous fiscal year, and orders received
increased 33.9% year on year to ¥81,466 million. Net sales were up 24.0% year on year to ¥64,168 million,
operating income increased 93.8% year on year to ¥3,603 million, ordinary income grew 144.6% year on yearto ¥4,032 million, and profit attributable to owners of parent increased 538.6% to ¥2,615 million.
Net sales for the nine months ended March 31, 2017 were ¥64,168 million, an achievement rate of 61.1%
against the net sales forecast of ¥105,000 million for the fiscal year ending June 30, 2017 (nine months ended
March 31, 2016: 63.2%).

Business results for each segment are as follows:[Domestic Consulting Operations]
The Domestic Consulting Operations worked to increase its business areas and market shares by specifying
significant businesses, improving profitability by restructuring work procedures, and effectively entering into
alliances.
As a result, orders received for the nine months ended March 31, 2017 increased 13.7% year on year to¥31,934 million. Net sales increased 10.8% year on year to ¥25,385 million. Operating income was up 256.6%
2

year on year to ¥1,006 million. Ordinary income increased 267.5% year on year to ¥995 million.
[International Consulting Operations]With the strength of our region-based operating systems in the four regions of—Asia, Middle East and North
Africa, Sub-Saharan Africa, and Latin America—the International Consulting Operations secured a stablebusiness foundation through the expansion of the share of Official Development Assistance (ODA) projects
and expanding business scale by urban development and Public-Private Partnership (PPP) businesses.
As a result, orders received for the nine months ended March 31, 2017 increased 55.1% year on year to¥31,580 million. Net sales were up 0.4% year on year to ¥14,608 million. Operating income increased 141.9%
year on year to ¥1,022 million and ordinary income was ¥946 million (an ordinary loss of ¥40 million wasrecorded for the nine months ended March 31, 2016).
[Power Engineering Operations]
In the Power Engineering Operations, we worked to increase cost competitiveness through strict cost
reductions, strengthen sales and marketing capabilities through proposing cost reduction plans, enhance fusionand cooperation among the business areas of consulting, products, and construction, promote the developmentof products and technology, and reinforce and expand the mechanical and electromechanical consulting
division.
As a result, orders received decreased 15.6% year on year to ¥10,400 million. Net sales increased 9.4% year
on year to ¥14,653 million. Operating income was up 7.6% year on year to ¥3,024 million. Ordinary income
rose 7.1% year on year to ¥2,984 million.
[Urban & Spatial Development Operations]
The Urban & Spatial Development Operations strove to expand the scope of business in the urban
development and architectural design area by growing businesses within the UK and promoting collaborationsin the Asian region.
As a result, the Group achieved orders received of ¥7,525 million, net sales of ¥8,608 million, operating
income of ¥50 million, and ordinary income of ¥54 million.
BDP became a consolidated subsidiary of the Company in the previous fiscal year, consolidating only thebalance sheets in the Urban & Spatial Development Operations. Subsequently, BDP’s statement of income
started to be consolidated from the quarter ended September 30, 2016.
[Real Estate Leasing Operations]
The Real Estate Leasing Operations saw a decline in the number of rental contracts caused by reconstructionof the headquarters building.
As a result, net sales decreased 6.3% year on year to ¥368 million, while operating income and ordinary
income increased 4.2% year on year to ¥303 million, respectively.

(2) Analysis of Consolidated Financial Position
Total assets at the end of the third quarter under review amounted to ¥127,284 million, up ¥26,294 million
from the end of the previous fiscal year.
In the Assets section, current assets were ¥69,924 million, an increase of ¥23,771 million from the end of the3

previous fiscal year. This was due primarily to a ¥13,378 million increase in notes and accounts receivabletrade and a ¥7,077 million increase in work in process.
Non-current assets were ¥57,359 million, up ¥2,523 million from the end of the previous fiscal year. Thiswas due primarily to an increase in investment securities included in other items of investments and otherassets.
In the Liabilities section, current liabilities were ¥47,439 million, an increase of ¥4,331 million from the endof the previous fiscal year. This increase was mainly attributable to a ¥1,953 million increase in notes andaccounts payable-trade, a ¥7,300 million increase in advances received, and a ¥4,700 million decrease in
short-term loans payable.
Non-current liabilities were ¥27,445 million, an increase of ¥21,023 million from the end of the previous
fiscal year. This increase was mainly attributable to a ¥19,557 million increase in long-term loans payable.
Net assets amounted to ¥52,400 million, an increase of ¥939 million from the end of the previous fiscal year.
The primary factors behind this increase were a profit of ¥2,615 million attributable to owners of parent, ¥771
million in cash dividends paid, and a ¥1,645 million decrease in foreign currency translation adjustment.
As a result, the shareholders’ equity ratio decreased 9.7 percentage points from the end of the previous fiscal
year to 40.9%.

(3) Consolidated Financial Results Forecast and Other Forward-looking Statements
The consolidated financial results forecast for the fiscal year ending June 30, 2017 have not changed from theforecast announced in the Consolidated Financial Results for the Fiscal Year Ended June 30, 2016 dated
August 12, 2016.

4

2. Matters Relating to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period (Changes in scope of consolidations resulting
from changes in subsidiaries)
There were no material changes in subsidiaries.

(2) Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial
Statements(Deferral of cost variance)
Because most of the cost variance attributable to seasonal fluctuations due primarily to capacity utilization is
expected to be resolved by the end of the cost accounting period, it is deferred as other current liability.

(3) Changes in Accounting Policies and Changes in Accounting Estimates and Retrospective Restatement
There were no material changes in Accounting Policies and Changes in Accounting Estimates andRetrospective Restatement.

(4) Additional Information(Application of Implementation Guidance on Recoverability of Deferred Tax Assets)

Effective from the first quarter ended September 30, 2016, the Company adopted the Implementation
Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No. 26, March 28, 2016).

5

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

Previous fiscal year
(As of June 30, 2016)(Million yen)
Current third quarter(As of March 31, 2017)

11,174
17,715
12,2535,017(8)46,153

14,39731,093
19,3315,111(9)69,924

6,079
17,332
1,148
24,561

5,851
17,6491,265
24,767

10,312
6,308
16,6208,839
5,376
14,216

13,814(160)
13,65454,836
100,989

18,544(167)
18,37657,359127,284

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Advances received
Provision for bonuses
Provision for directors' bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Provision for directors' retirement benefits
Provision for environmental measures
Net defined benefit liability
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
Valuation difference on available-for-sale securities
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

7

Previous fiscal year
(As of June 30, 2016)(Million yen)
Current third quarter(As of March 31, 2017)

5,105
16,000
266
808
8,181
983
82
59
11,62043,107

7,058
11,3001,758
598
15,481
2,652
66
8,522
47,439

1,260
45
34
2,554
2,526
6,421
49,52920,817
45
34
3,891
2,656
27,44574,884

7,393
6,209
40,821(3,020)51,403

7,393
6,209
42,664(2,930)53,336

(8)
(301)
28
(280)
337
51,460100,989

663(1,947)20(1,263)326
52,400127,284

(2) Quarterly Consolidated Statements of Operating and Comprehensive Income
Nine months ended March 31

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Gain on derivatives
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
State subsidy
Total extraordinary income
Extraordinary losses
Head office transfer cost
Loss on reduction of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit (loss) attributable to non-controlling interests
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, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

8

For the nine months
ended March 31, 2016
(From July 1, 2015
to March 31, 2016)
51,75437,416
14,33812,4791,858(Million yen)
For the nine months
ended March 31, 2017
(From July 1, 2016
to March 31, 2017)
64,16843,766
20,401
16,798
3,603

83
155
124
129
492

136
157
129
170
594

34
490
178
702
1,648

144
21
165
4,032

42
42

-

237
38
275
1,415
737
263
1,001
414

105
105
3,926
1,031
285
1,317
2,609

409
4

2,615
(5)

(1,054)55(139)
15(1,122)(708)

673(1,642)
(8)
(977)
1,632

(702)

1,632

(6)

(0)

(3) Quarterly Consolidated Statements of Cash Flows

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Head office transfer cost
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for loss on
construction contracts
Interest and dividend income
Loss (gain) on investment of derivatives
Decrease (increase) in notes andaccounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other
Increase (decrease) in advances received
Decrease (increase) in consumption taxes
refund receivable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Payments for head office transfer cost
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from sales of treasury shares
Purchase of treasury shares
Cash dividends paid
Other, net
Net cash provided by (used in) 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
Cash and cash equivalents at end of period

9

For the nine months
ended March 31, 2016
(From July 1, 2015
to March 31, 2016)(Million yen)
For the nine months
ended March 31, 2017
(From July 1, 2016
to March 31, 2017)

1,415
1,003
237
(195)
963

3,926
1,158
396
105
8
1,658

8

6

(239)
-

(294)
(129)

(8,899)(13,590)(8,428)
3,122
(174)
4,716

(6,937)
1,965
(340)
7,265

(1,489)(253)(2,551)(10,510)
205
(33)
(561)
(2,363)(13,262)(3,306)(8,360)
236
(109)
(218)
(999)
(9,450)(1)(1,153)(95)(1,393)(1,346)69612(3,308)(1,286)(969)(170)(1,011)(760)
380
9(3,808)15,005
(130)
127
(8)
(770)
(42)
14,182(245)(2,634)
11,673
9,038(4,700)22,121(1,168)
119
(29)
(772)
(44)
15,526
(138)
2,129
9,400
11,530(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
For the nine months ended March 31, 2017 (from July 1, 2016, to March 31, 2017)

There is no relevant information.
(Significant Changes in Shareholders’ Equity)
For the nine months ended March 31, 2017 (from July 1, 2016, to March 31, 2017)

There is no relevant information.
(Segment Information)
For the nine months ended March 31, 2016 (from July 1, 2015, to March 31, 2016)
1) Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Urban &
Domestic International
Power
Real Estate
SpatialConsulting Consulting Engineering
Leasing
Development
Operations Operations Operations
Operations
Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

22,912

14,54813,390-393

51,244509

51,754

289

4

186

-

93

573

1

575

Total

23,202

14,552

13,576-486

51,818511

52,329Segment profit (loss)

270

(40)

2,785

-

291

3,307

(1,643)

1,663(Note) “Others” refers to a group of operations from which no profits are gained or that produce only incidental gains.

2) Differences between total segment profit or loss and ordinary income or loss in the quarterly consolidated
statement of operations and comprehensive income and main details of these differences(Million yen)
IncomeAmountReportable segment total

3,307

Loss of “Others” category(1,643)(14)

Elimination of inter-segment transactions
Ordinary Income in the quarterly consolidated statement ofoperations and comprehensive income

1,648

10

For the nine months ended March 31, 2017 (from July 1, 2016, to March 31, 2017)
1) Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Urban &
Domestic International
Power
Real Estate
SpatialConsulting Consulting Engineering
Leasing
Development
Operations Operations Operations
Operations
Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

25,385

14,60814,6538,608

368

63,625543

64,168

299

14

171

11

96

594

1

595

Total

25,685

14,623

14,8258,619

465

64,219544

64,764

Segment profit (loss)

995

946

2,984

54

303

5,285

(1,250)4,034(Note) “Others” refers to a group of operations from which no profits are gained or that produce only incidental gains.

2) Differences between total segment profit or loss and ordinary income or loss in the quarterly consolidated
statement of operations and comprehensive income and main details of these differences(Million yen)
IncomeAmountReportable Segment total

5,285

Loss of “Others” category(1,250)Elimination of intersegment transactions(1)

Ordinary Income in the quarterly consolidated statement ofoperations and comprehensive income

4,0323) Information concerning changes to reporting segments, etc.

In the previous fiscal year, the Company acquired the issued stock of BDP HOLDINGS LIMITED,
including it and its subsidiaries within the scope of consolidation. Following this event in the recorded
segment, the reportable segment “Urban & Spatial Development Operations” was added.
The segment information for the nine months ended March 31 2016 disclosed as comparative
information to the nine months ended March 31, 2017 is stated according to the revised designation of
the reporting segment.

(Subsequent Events)
There were no Subsequent Events that need disclosure.

11

4. Supplementary Information(1) Status of Orders and Sales
By period
Category/Operations

Net sales 2

Net sales 1

Orders received

Domestic Consulting
International consulting

20,36433.4

31,58038.8

28,876

27.8

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

12,322

20.3

10,40012.8

14,716

14.1

-

7,525

9.2

16,251

15.6

-

-

Other

49

0.1

Total

60.821

Domestic Consulting

24,396

International consulting
Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

24

0.0

64

0.1

100.0

81,466100.0

104,019

100.0

47.1

26,76541.7

43,545

53.2

15,58530.1

15,871

24.7

23,362

28.6

11,36322.0

12,48519.5

14,421

17.6

8,608

13.4

-

393

0.8

368

0.6

514

0.6

16

0.0

69

0.1

21

0.0

Total

51,754100.0

64,168100.0

81,865100.0

Domestic Consulting

22,912

44.3

25,385

39.6

40,77849.8International consulting

14,54828.1

14,60822.8

22,07027.0

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

13,39025.9

14,65322.8

17,522

21.4

8,608

13.4

-

393

0.7

368

0.6

514

0.6

Other

509

1.0

543

0.8

979

1.2

Total

51,754100.0

64,168100.0

81,865100.0

Category/Operations
Domestic Consulting
Impact of foreignexchange fluctuations

-

Other

By period

Outstanding Orders

For the nine months ended
For the nine months ended
For the fiscal year ended
March 31, 2016
March 31, 2017
June 30, 2016
Composition
AmountComposition
AmountComposition
Amount(Million yen)(%)
(Million yen)(%)
(Million yen)(%)
28,08446.2
31,93439.2
44,10942.4

International consulting

As of March 31, 2016
As of March 31, 2017
As of June 30, 2016
Composition
AmountComposition
AmountComposition
Amount(Million yen)(%)
(Million yen)(%)
(Million yen)(%)
(1,725)2,110(2,940)Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

-

-

-

-

(1,802)

-

-

-

-

Other

-

-

-

Total

(1,725)

Domestic Consulting

31,662

32.6

33,70826.5

28,53826.2

International consulting

54,48156.1

71,821

56.6

54,001

49.5

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

10,867

11.2

8,118

6.4

10,203

9.4-

13,366

10.5

16,251

14.9

-

-

Other

40

308

0.0

4

(2,940)

0.0

49

0.0

Total
97,050100.0
127,019100.0
109,044100.0(Notes) 1. Urban & Spatial Development Operations has been added to reportable segments due to the inclusion of BDP
HOLDINGS LIMITED and its subsidiaries, which were consolidated from the end of the previous fiscal year.

2. The above amounts are exclusive of consumption taxes.
3. The above amounts are for external customers.
4. Net sales 1 is by segment which received orders. Net sales 2 is by segment which provided services.
5. From the three months ended September 30, 2016, the impact of foreign exchange fluctuations is listed
separately from orders received, and the year for comparison is also reclassified.

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