PRESS RELEASE
November 11, 2009

Chiyoda Announces Its Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2010
Chiyoda Corporation (TSE: 6366; ISIN: JP3528600004), Japan’s leading engineering and construction
firm, today announced its consolidated financial results for the second quarter of the fiscal year ending
March 31, 2010.
Consolidated New Contracts for the cumulative second quarter of the current fiscal year amounted to73.218 billion yen (year-on-year decrease of 37.3%), while the consolidated Contract Backlog amounted to328.014 billion yen (41.0% year-on-year decrease). The Chiyoda Group recorded cumulative
Consolidated Revenues of 164.658 billion yen (31.6% year-on-year decrease), an Operating Loss of 2.382
billion yen (compared to a consolidated Operating Profit of 6.904 billion yen for the same cumulative
quarter in the prior fiscal year), an Ordinary Loss of 380 million yen (compared to Ordinary Income of 9.755
billion yen for the same cumulative quarter in the prior fiscal year), and a Net Loss amounted to 1.745
billion yen (compared to a Net Income 6.059 billion yen for the same cumulative quarter in the prior fiscalyear).
In the cumulative second quarter of the current fiscal year, the market environment surrounding theChiyoda Group appears some signs of recovery --particularly in emerging countries-- from the global
financial crisis that erupted during the prior fiscal year. There have been steady, positive movements incustomer investment activities, matching expectations for a rebound in the industrial demand for oil andgas.
Under these circumstances, the Chiyoda Group has focused on securing contracts for new projects while
engaging in the steady execution of on-going projects. The Chiyoda Group also has focused its efforts
overseas on securing new contracts for LNG plant construction in Papua New Guinea, Floating LNG plants
in Brazil, for desulfurization plant design services in Singapore, EPC management services for refinery
improvement projects in Venezuela, and so on.
Regarding the execution, of the six trains (7.8 million tons/year each) in the ultra-large-scale LNG plants
under construction in Qatar, two were completed, in addition to the single train completed during the priorfiscal year. The Chiyoda Group is now working to complete the remaining three trains. Because of significant
construction delays in the Qatargas Trains 6 and 7 caused by the lower-than-expected productivity of theconstruction subcontractors, the Chiyoda Group incurred additional costs by having to adopt various
measures to reinforce construction resources, including the hiring of new subcontractors. Accordingly,construction costs for the project have increased. Such being the situation, the Chiyoda Group will further
strengthen its project risk management, particularly with respect to Qatargas Trains 6 and 7, and use utmost
effort to improve its profitability.
The Chiyoda Group is making no revision at this time to its full-year forecasts of consolidated financial
results for the fiscal year ending March 31, 2010. With respect to the year-end dividend, the Chiyoda
Group revised it to 3.00 yen per share, as announced on October 23, 2009. The forecasts continue toassume an exchange rate of 90.0 yen to the U.S. dollar, as announced on October 23, 2009.
For more information, please contact:
Ken Ito/Masako Takahashi, Chiyoda Corporation, Investors Relations and Corporate Communications OfficeTel: 81-45-506-7538, Fax: 81-45-506-7085
Email Address: masatakahashi@ykh.chiyoda.co.jp
URL: http://www.chiyoda-corp.com