Consolidated Financial Results
for the Three Months Ended September 30, 2015
[Japanese GAAP]
November 11, 2015
Company name: Nippon Koei Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1954
URL: http://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: November 11, 2015
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 Three Months Ended September 30, 2015 (July 1, 2015 to
September 30, 2015)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Operating
Ordinary
Profit (loss) attributable
Net sales
income (loss)
income (loss)
to owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2015
8,811
21.9
(2,050)(2,070)(1,519)September 30, 2014
7,225
(4.5)
(2,907)(2,491)(1,707)(Note) Comprehensive income: Three months ended September 30, 2015: ¥(2,093) million [ - %]Three months ended September 30, 2014: ¥(1,426) million [ - %]Net income (loss)
per share

Three months ended
September 30, 2015
September 30, 2014

Diluted net income(loss) per share

Yen

Yen

(19.90)(22.50)-(2) Consolidated Financial Position
Total assets
Net assets
Million yen
Million yen
As ofSeptember 30, 2015
82,16150,156
June 30, 2015
84,11052,981(Reference) Equity: As of September 30, 2015 : ¥49,833 million
As of June 30, 2015: ¥52,644 million

Equity ratio
%

60.7
62.6

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Yen

Annual dividends
3rdYear-endquarter-end

Fiscal year ended June 30, 2015
Fiscal year ending June 30, 2016
Fiscal year ending June 30, 2016
(Forecast)(Note) Revision to the forecast for dividends announced most recently: None

Total

Yen

Yen

Yen

-

10.00

10.00

-

10.00

10.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2016 (July 1, 2015 to June 30,
2016)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net income
Net sales
Operating income
Ordinary income
owners of parent
per share%

Yen

Full year
84,0002.6
4,200 (6.7)
4,500 (17.8)
2,200 (48.4)(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Million yen%

Million yen%

Million yen

28.81* Notes:(1) Changes in significant subsidiaries during the period (Changes in scope of consolidations resulting fromchange 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: Yes
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 September 30, 2015 : 86,656,510 shares
As of June 30, 2015
: 86,656,510 shares2) Total number of treasury stock at the end of the period:
As of September 30, 2015 : 10,243,912 shares
As of June 30, 2015
: 10,370,910 shares
3) Average number of shares during the period:
Three months ended September 30, 2015 : 76,353,189 shares
Three months ended September 30, 2014 : 75,916,346 shares* Presentation regarding the implementation status of the quarterly review proceduresThis Consolidated Financial Results is exempt from the audit stipulated in the Financial Instruments andExchange Act. The audit procedures for financial statements based on the stipulations of said Act have not been
completed at the time of disclosure of this Consolidated Financial Results.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements disclosed herein are based on information
available to the Company as of 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 theassumptions and other related matters concerning forecasts for the fiscal year ending June 30, 2016, refer to“(3) Consolidated Financial Results Forecast and Other Forward-looking Statements” under “1. Analysis ofOperating Results and Financial Position” on page 4, contained in the attachment.

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 ............................................................................. 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
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
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 three months ended September 30, 2015 (from July 1, 2015 to September 30, 2015), theJapanese economy continued on a moderate recovery path due to signs of recovery in investment in plants andequipment, despite sluggish personal consumption and weak movement with regard to investment in public
works projects.
With regard to the business environment of Nippon Koei Co., Ltd. (the “Company”) and its subsidiaries(together, the “Group”), our Domestic Consulting Operations witnessed an increase in the budget for local
governments as a result of regional revitalization, as well as increases in the disaster prevention and disastermitigation business, the maintenance and management business for facilities under the Plan for Extending theLifespan of Infrastructure, and demand for preparation of facilities for the Tokyo Olympics, despite a decreasein the budget for public works projects. In our Power Engineering Operations, although investment aimed at
putting distribution networks in place for electric power companies and demand for renewal and new
construction of hydroelectric power generation facilities taking advantage of the Feed-in Tariff (FIT) Scheme
increased, the increase in competition for orders resulted in an increasingly severe environment in terms ofobtaining orders. In our International Consulting Operations, the market continued to perform steadily.
Contributing factors included development demand in emerging markets in Asia and other parts of the world,reflecting the maintenance of a certain volume of Official Development Assistance (ODA) projects by Japan,
as well as robust demand for private investment in development.
In this business environment, the Group made efforts in our Domestic Consulting Operations to expand ourmarket share mainly in existing business domains and to secure orders from local governments. In our PowerEngineering Operations, we strengthened our capabilities to provide cost-cutting proposals for competitive
orders. Furthermore, in our International Consulting Operations, we focused on securing orders andprofitability for projects ordered by the Japan International Cooperation Agency (JICA).
Under these circumstances, the Group’s results for the three months ended September 30, 2015 were as
follows. Orders received were ¥20,710 million, a decrease of ¥3,934 million year on year; net sales were
¥8,811 million, an increase of ¥1,585 million year on year; operating loss was ¥(2,050) million, a decrease of¥857 million year on year; ordinary loss was ¥(2,070) million, a decrease of ¥420 million year on year; andloss attributable to owners of parent was ¥(1,519) million, a decrease of ¥188 million year on year.
Net sales for the three months ended September 30, 2015 was ¥8,811 million, an achievement rate of 10.5%
with regard to the net sales forecast of ¥84,000 million for the fiscal year ending June 30, 2016. This is
attributable to seasonal fluctuations that result in the concentrated recording of net sales in the second half ofthe fiscal year, due to the concentration of consulting services and product deliveries to government agencies
and power companies, the Company’s major customers, in the second half. Net sales in the corresponding
period of the previous fiscal year accounted for 8.9% of net sales for the fiscal year ended June 30, 2015.
On the other hand, since expenses such as selling, general and administrative were generated fairly evenly
throughout the year, the Group recorded operating loss, ordinary loss and net loss for the three months ended
September 30, 2015.

2

Business results for each segment are as follows:[Domestic Consulting Operations]
Orders received for the three months ended September 30, 2015, decreased by ¥2,045 million year on yearto ¥11,896 million. Net sales decreased by ¥233 million year on year to ¥1,455 million. Ordinary loss
increased by ¥114 million year on year to ¥2,074 million.
[International Consulting Operations]
Orders received for the three months ended September 30, 2015, decreased by ¥2,659 million year on year
to ¥5,004 million. Net sales increased by ¥623 million year on year to ¥3,625 million. Ordinary loss increasedby ¥5 million year on year to ¥383 million.
[Power Engineering Operations]
Orders received for the three months ended September 30, 2015, increased by ¥770 million year on year to¥3,808 million. Net sales increased by ¥1,317 million year on year to ¥3,558 million. Ordinary income
increased by ¥599 million year on year to ¥549 million.
[Real Estate Leasing Operations]
Net sales for the three months ended September 30, 2015, decreased by ¥128 million year on year to ¥145
million. Ordinary income decreased by ¥91 million year on year to ¥112 million.

(2) Analysis of Consolidated Financial Position
Total assets at the end of the current first quarter amounted to ¥82,161 million, down ¥1,948 million fromthe end of the previous fiscal year.
In the Assets section, current assets were ¥42,697 million, a decrease of ¥2,123 million from the end of theprevious fiscal year, due primarily to a ¥5,007 million decrease in cash and deposits, a ¥4,216 million decreasein notes and accounts receivable - trade resulting from their collection and a ¥6,126 million increase in work inprocess.
Non-current assets were ¥39,464 million, an increase of ¥174 million from the end of the previous fiscal
year.
In the Liabilities section, current liabilities were ¥25,827 million, an increase of ¥1,361 million from theend of the previous fiscal year. This increase was mainly attributable to a ¥3,000 million increase in short-termloans payable, a ¥1,286 million decrease in income taxes payable, a ¥2,232 million increase in advances
received, a ¥1,416 million decrease in accrued consumption taxes, which are included in “Other” under current
liabilities, and a ¥892 million decrease in accounts payable - other, which are also included in “Other” undercurrent liabilities.
Non-current liabilities were ¥6,177 million, a decrease of ¥485 million from the end of the previous fiscal
year. This decrease was mainly attributable to a ¥99 million decrease in long-term loans payable, a ¥13 million
decrease in provision for directors’ retirement benefits and a ¥202 million decrease in net defined benefit
liability.

3

Net assets amounted to ¥50,156 million, a decrease of ¥2,824 million from the end of the previous fiscal
year. Primary factors of this decrease were ¥1,519 million in loss attributable to owners of parent for the threemonths ended September 30, 2015, which was attributable to the typical characteristics of our business
operations, that is seasonal fluctuations where the recording of net sales tend to concentrate toward the second
half, as well as ¥772 million in cash dividends paid.
As a result, the shareholders’ equity ratio decreased by 1.9 percentage points from the end of the previous
fiscal year to 60.7%.

(3) Consolidated Financial Results Forecast and Other Forward-looking Statements
The consolidated financial results forecast for the fiscal year ending June 30, 2016 has not changed fromthe forecast announced in the Consolidated Financial Results for the Fiscal Year Ended June 30, 2015 dated
August 12, 2015.

4

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

(2) Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial
Statements(Deferral of cost variance)
As any cost variance attributable to seasonal fluctuations due primarily to capacity utilization is mostly
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
Effective from the first quarter ended September 30, 2015, the Company adopted the Accounting Standard
for Business Combinations (ASBJ Statement No. 21, September 13, 2013, hereinafter, “Business
Combinations Standard”), Accounting Standard for Consolidated Financial Statements (ASBJ Statement No.
22, September 13, 2013, hereinafter, “Consolidated Financial Statements Standard”), the Accounting Standard
for Business Divestitures (ASBJ Statement No. 7, September 13, 2013, hereinafter, “Business Divestitures
Standard”) and other standards. Accordingly, the Company’s accounting policies have changed, whereby thedifferences arising from changes in the Company’s equity in a subsidiary over which the Company retains
control are recorded as capital surplus, and acquisition-related costs are expensed in the fiscal year in which
they are incurred. In addition, for business combinations implemented at or after the beginning of the firstquarter ended September 30, 2015, adjustments to acquisition cost allocation due to the settlement ofprovisional accounting treatment are now reflected in the consolidated financial statements for the quarter inwhich the business combination occurred. In addition, the Company has changed the presentation of net
income and other related items, and the presentation of “minority interests” to “non-controlling interests.” To
reflect these changes in presentation, the consolidated financial statements for the three months ended
September 30, 2014 and the fiscal year ended June 30, 2015 have been reclassified.
In the consolidated statements of cash flows for the three months ended September 30, 2015, changes havebeen made whereby cash flows related to the acquisition or sale of shares in a subsidiary that does not involve
changes in the scope of consolidation are listed under “cash flows from financing activities,” while cash flows
related to expenses incurred in the acquisition of shares in a subsidiary that involves changes in the scope of
consolidation, as well as expenses incurred in the acquisition or sale of shares in a subsidiary that does not
involve changes in the scope of consolidation are listed under “cash flows from operating activities.”
The Business Combinations Standard and other standards were adopted in accordance with transitional
treatments stipulated in Paragraph 58-2 (4) of the Business Combinations Standard, Paragraph 44-5 (4) of theConsolidated Financial Statements Standard and Paragraph 57-4 (4) of the Business Divestitures Standard, andthey have been prospectively adopted from the beginning of the first quarter ended September 30, 2015.
There is no impact on the consolidated financial statements for the three months ended September 30, 2015.

5

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)Previous fiscal year
(As of June 30, 2015)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Property, plant and equipment
Intangible assets
Other
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Investments and other assets
Non-current assets
Assets6

Current first quarter(As of September 30, 2015)

12,14816,802
11,398
369
4,114
(12)
44,8207,141
12,586
17,524
329
5,121
(6)
42,697

6,025
17,333
1,166
24,5255,770
17,332
1,608
24,711

570
570

552
552

9,861
4,696
(364)
14,19339,28984,110

9,428
5,057
(285)
14,19939,464
82,161

(Million yen)Previous fiscal year
(As of June 30, 2015)
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
Asset retirement obligations
Other
Current liabilities
Non-current liabilities
Long-term loans payable
Provision for directors’ retirement benefits
Provision for environmental measures
Net defined benefit liability
Asset retirement obligations
Other
Non-current liabilities
Liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Valuation and translation adjustments
Non-controlling interests
Net assets
Liabilities and net assets

7

Current first quarter(As of September 30, 2015)

4,539
164
1,508
8,655
1,019
84
110
20
8,364
24,466

3,597
3,000
198
222
10,887
1,920
84
148
21
5,746
25,827

1,526
59
34
2,128
34
2,879
6,662
31,128

1,427
45
34
1,925
34
2,709
6,177
32,004

7,393
6,209
39,770(3,205)50,167

7,393
6,209
37,478(3,163)
47,918

1,659
(100)
917
2,476
337
52,981
84,110

1,173
(173)
915
1,915
323
50,15682,161

(2) Quarterly Consolidated Statements of Operating and Comprehensive Income
Three months ended September 30

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Foreign exchange gains
Other
Non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Non-operating expenses
Ordinary loss
Extraordinary income
State subsidies
Gain on step acquisitions
Extraordinary income
Extraordinary losses
Loss on reduction of non-current assets
Extraordinary losses
Loss before income taxes
Income taxes – current
Income taxes – deferred
Income taxes
Loss
Loss attributable toLoss attributable to owners of parent
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
Other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the three months
ended September 30, 2014
(From July 1, 2014
to September 30, 2014)
7,225
5,935
1,290
4,198
(2,907)

8(Million yen)
For the three months
ended September 30, 2015
(From July 1, 2015
to September 30, 2015)
8,811
6,798
2,012
4,062
(2,050)

21
157
224
24
427

34
39
123
35
233

8
2
11
(2,491)

6
226
20
253
(2,070)

45
45

42
42

(2,445)
142
(874)
(731)
(1,714)38
38(2,066)
203
(749)
(545)
(1,520)(1,707)(6)(1,519)
(1)

217
(25)
31
64
287
(1,426)

(485)
(84)
(2)
(572)
(2,093)(1,421)(2,080)(4)(12)

(3) Quarterly Consolidated Statements of Cash Flows
For the three months
ended September 30, 2014
(From July 1, 2014
to September 30, 2014)
Cash flows from operating activities
Loss before income taxes
Depreciation
Loss (gain) on sales of investment securities
State subsidies
Loss on reduction of non-current assets
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for loss on construction
contracts
Increase (decrease) in net defined benefit liability
Interest and dividends income
Decrease (increase) in notes andaccounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in advances received
Decrease (increase) in accrued consumption taxes
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
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
Proceeds from state subsidies
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales 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
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 the beginning of period
Increase in cash and cash equivalents from newly
consolidated subsidiaries
Cash and cash equivalents at the end of period

9(Million yen)
For the three months
ended September 30, 2015
(From July 1, 2015
to September 30, 2015)(2,445)334
7850(2,066)
347
(123)
(42)
38
(84)
901

23

38

(26)
(178)

(205)
(73)

3,439

4,149

(6,832)(91)
2,709(1,823)(1,004)(5,037)168(8)(1,151)(6,028)(6,124)(923)
2,277(1,471)(179)(3,542)39(4)(93)(1,480)(5,081)

(2)
(158)
(18)
(246)
50
(44)
15
43
(362)

70
42
(747)
(34)
(1,372)
560
(524)
15
6
(1,983)

5,900
(65)
36
(2)
(575)
(23)
5,269
(15)
(1,137)
8,465

3,000
(65)
44
(2)
(757)
(14)
2,205
(70)
(4,930)11,673

77

-

7,405

6,742

(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
For the three months ended September 30, 2015 (from July 1, 2015, to September 30, 2015)
There is no relevant information.
(Significant Changes in Shareholders’ Equity)
For the three months ended September 30, 2015 (from July 1, 2015, to September 30, 2015)
There is no relevant information.

(Segment Information)
For the three months ended September 30, 2014 (from July 1, 2014, to September 30, 2014)
1. Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Domestic International
Power
Real EstateConsulting Consulting Engineering
Leasing
Operations Operations Operations Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit (loss)

1,678

3,002

2,240

274

7,195

29

7,225

65

7

44

31

148

0

149

1,744

3,009

2,285

305

7,344

30

7,374

(1,960)

(377)

(50)

204

(2,184)(312)(2,496)

Note: “Others” refers to a group of operations from which no profits are gained or that produce only incidental
gains.
2. Amount and outline of difference between the total segment profit or loss and ordinary income or loss inquarterly consolidated statement of income(Million yen)
IncomeAmountReportable segment total(2,184)

Loss of “Others” category(312)

Elimination of intersegment transactions

5

Ordinary loss in quarterly consolidated statement ofoperations and comprehensive income(2,491)

10

For the three months ended September 30, 2015 (from July 1, 2015, to September 30, 2015)
1. Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Domestic International
Power
Real EstateConsulting Consulting Engineering
Leasing
Operations Operations Operations Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit (loss)

1,455

3,625

3,558

145

8,783

27

8,811

88

0

46

31

166

0

166

1,543

3,625

3,605

176

8,950

28

8,978

(2,074)

(383)

549

112

(1,795)(277)(2,073)

Note: “Others” refers to a group of operations from which no profits are gained or that produce only incidental
gains.
2. Differences between the total segment profit or loss and ordinary income or loss in quarterly consolidated
statement of operations and comprehensive income and the main details of these differences(Million yen)
IncomeAmountReportable segment total(1,795)

Loss of “Others” category(277)

Elimination of intersegment transactions

2

Ordinary loss in quarterly consolidated statement ofoperations and comprehensive income(2,070)11

4. Supplementary Information(1) Status of Orders and Sales

Domestic Consulting

For the three months ended
September 30, 2014
AmountComposition(Million yen)(%)
13,941
56.6

International Consulting(Note 1) 7,664

31.1

5,004

24.2 (Note 2) 28,889

33.0Power Engineering

3,037

12.3

3,808

18.4

15.5

Real Estate Leasing

－

－

Other

－

0

0.0

30

0.0

Total

24,644100.0

20,710100.087,573100.0

Domestic Consulting

1,782

24.7

1,519

17.2

44,405

54.3

International Consulting

3,177

44.0

3,882

44.1

21,67926.5

Power Engineering

1,991

27.6

3,264

37.0

14,904

18.2

Real Estate Leasing

274

3.7

145

1.7

821

1.0

Other

－

0

0.0

28

0.0

Total

7,225

100.0

8,811

100.0

81,839100.0

Domestic Consulting

1,678

23.2

1,455

16.5

41,845

51.1

International Consulting

3,002

41.5

3,625

41.1

20,174

24.7

Power Engineering

2,240

31.0

3,558

40.4

17,857

21.8

Real Estate Leasing

274

3.8

145

1.6

821

1.0

Other

29

0.5

27

0.4

1,141

1.4

Total

7,225

100.0

8,811

100.0

81,839100.0

By period

Net sales 2

Net sales 1

Orders received

Category/ Operations

By period

Outstanding orders

Category/ Operations
Domestic Consulting

As of September 30, 2014
AmountComposition(Million yen)(%)
39,48239.3

For the three months ended
September 30, 2015
AmountComposition(Million yen)(%)
11,896
57.4

For the fiscal year ended
June 30, 2015
AmountComposition(Million yen)(%)
45,05751.5
13,595－

As of September 30, 2015
AmountComposition(Million yen)(%)
38,35037.9

As of June 30, 2015
AmountComposition(Million yen)(%)
27,974
31.3

International Consulting

48,704

48.5

52,55051.8

51,427

57.6

Power Engineering

12,262

12.2

10,451

10.3

9,907

11.1

Real Estate Leasing

－

Other

4

0.0

7

0.0

6

0.0

Total

100,453

100.0

101,359

100.0

89,315

100.0

－

－

(Notes) 1. This includes ¥1,205 million and ¥246 million for NIPPON KOEI VIETNAM INTERNATIONAL CO., LTD.
and PHILKOEI INTERNATIONAL, INC., respectively, as the amounts of outstanding orders at the beginningof consolidation for these companies, which were consolidated from the three months ended September 30,
2014.
2. This includes ¥1,205 million, ¥427 million, and ¥246 million for NIPPON KOEI VIETNAM
INTERNATIONAL CO., LTD., PHILKOEI INTERNATIONAL, INC., and PT. INDOKOEIINTERNATIONAL, respectively, as the amounts of outstanding orders at the beginning of consolidation forthese companies, which were consolidated from the previous fiscal year.
3. The above amounts are exclusive of consumption taxes.
4. The above amounts are for external customers.
5. Net sales 1 is by segment which received orders. Net sales 2 is by segment which provided services.

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