Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
July 31, 2024
Company name: NIPPON DENSETSU KOGYO CO., LTD.
Listing: Tokyo
Securities code: 1950
URL: https://www.densetsuko.co.jp/
Representative: Kazushige Yasuda
Inquiries: Minoru Ito
Telephone: +81-3-3822-8811
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None, President and Representative Director, General Manager of Finance Department(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended
June 30, 2024
33,01115.5(774)
(149)
(42)
June 30, 2023
28,57712.0(1,274)(764)(478)(Note) Comprehensive income:Three months ended June 30, 2024:¥(520) million [-%]
Three months ended June 30, 2023:¥
1,717 million [-%]
Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

(0.72)(7.79)-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

Net assetsMillions of yen

256,778
282,597
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio¥¥

195,731
199,115
182,590 million
185,793 million

%

71.1
65.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

---

47.00

47.00

Fiscal year ending March 31, 2025

-

50.00

50.00

Fiscal year ending March 31, 2025

(Forecast)(Note) Revision to the forecast for dividends announced most recently:
None(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2025 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

Full year
205,160
5.7
14,6709.1(Note) Revision to the financial results forecast announced most recently:* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:
Excluded:(Company name:15,830None% Millions of yen

6.2

10,500%Yen

4.6

178.05None))(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

NoneNone(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
61,537,219 shares
March 31, 2024:
61,537,219 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
2,565,390 shares
March 31, 2024:
2,565,390 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

58,971,829 shares
61,471,964 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: Yes(voluntary)* Proper use of earnings forecasts, and other special mattersQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Electronically recorded monetary claims operating
Securities
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completed
construction
Provision for loss on construction contracts
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Provision for share awards
Other
Total non-current liabilities
Total liabilities

1

As of June 30, 2024

10,4159,336

119,952

78,619482

2,320

25,799
4,640
5,882
(11)
167,161

33,295
8,530
8,433
(8)
140,528

23,09529,197
6,085
58,378
7,085

22,82329,197
6,273
58,294
7,327

42,375
2,517
5,084
(6)
49,971
115,435
282,597

42,799
2,705
5,128
(6)
50,627116,249
256,778

34,962

18,875

11,808100
5,810

17,122
100
147

1,272

2,408

62

61

1,012
6,935

985
2,204

87

6

6,920
68,971

4,461
46,37390

92

10,652
3,767
14,511
83,482

10,89065
3,624
14,67361,046

(Millions of yen)
As of March 31, 2024
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

2

As of June 30, 2024

8,494
7,792
158,440(5,241)
169,485

8,494
7,595
155,623(5,044)
166,668

13,97913,712

2,328
16,307
13,321
199,115
282,597

2,208
15,921
13,140195,731
256,778

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodTotal non-operating expenses
Ordinary loss
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary lossesLoss on sale and retirement of non-current assets
Total extraordinary losses
Loss before income taxes
Income taxes
Loss
Loss attributable to non-controlling interests
Loss attributable to owners of parent

3

For the three months
ended June 30, 2024

28,57726,303
2,273
3,548(1,274)33,011
30,117
2,893
3,667
(774)

5482
107
595

10581
118
710

00

85

85

85(764)

85
(149)

00-

211
211
(974)
(329)
(645)
(166)
(478)

19
19(168)
(61)
(107)
(64)
(42)

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Loss
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

4

For the three months
ended June 30, 2024
(645)

(107)

2,394
(43)

(285)
(119)

12(8)

2,362
1,717

(413)
(520)

1,866(429)(148)(91)