Presenter

Mr. Atsushi Deguchi
Executive Vice President& CFO0This presentation outlines Chiyoda Corporation’s (Chiyoda)
financial results for the fiscal year ending March 31, 2023,
released on May 9, 2023.

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1.

Further Improved Earnings Structure
Chiyoda achieved a full year profit forecast of JPY 15.0
billion, revised from the initial forecast JPY 11.5 billion at
the beginning of the term, the largest profit reported in thelast ten years.

2.

Countermeasures Against Global Inflation
Chiyoda minimizes impacts on new and existing projects byreinforcing risk control in cooperation with clients andpartners.

3.

Stabilized Earnings Structure
Chiyoda targets high profits through steady progress inproject execution, accumulation and growth of newbusinesses, and effective resource allocation in FY2022
and 2023.

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

Revenue was JPY 430.2 billion, an increase of JPY 119.0 billion
YoY, achieving 96% of the full year forecast.

Gross Profit was JPY 32.7 billion, an increase of JPY 9.9 billion
YoY, achieving 93% of the full year forecast.

Gross Profit Margin was 7.6%, an improvement of 0.3 points
YoY.

Operating Income was JPY 18.1 billion, an increase of JPY 7.6
billion YoY, achieving 91% of the full year forecast.

Ordinary income was JPY 20.3 billion, an increase of JPY 8.9
billion YoY, achieving 102% of the full year forecast.

Net Profit was JPY 15.2 billion, achieving 101% of the full yearforecast.

3The graph shows the FY2022 results compared to last yearfor Gross Profit, SG&A Expenses and Operating Income.

Gross Profit was JPY 32.7 billion, an increase of JPY 9.9billion YoY. Energy and Global Environment Gross Profit areJPY 20.9 billion and JPY 11.8 billion respectively, bothincreasing YoY.

SG&A Expenses was JPY 14.6 billion, an increase of JPY
2.3 billion YoY, due to activated sales operations, theeconomic recovery from the COVID-19 pandemic and R&D
expenditure to promote our growth strategies. The results
are carefully controlled and only narrowly underrun themedium term management plan target of JPY 15.0 billion.

Operating Income was JPY 18.1 billion, an increase of JPY
7.6 billion YoY.

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 Total Assets was JPY 406.6 billion, an increase of JPY 11.2billion from JPY 395.4 billion in the last fiscal year.
1.

Jointly Controlled Assets of JV in the assets section
and Notes Payable, Accounts Payable for Construction
Contracts and Contract Liabilities in the liabilities
section increased as ongoing projects progressed.

2.

Accounts Receivable - Other in the assets section andAccounts Payable – Other in the liabilities section
decreased, due to an out of court settlement on acompleted project in the first quarter. The decrease in
Accounts Receivable – Other is relatively large as asignificant portion of the received amount is recordedas Short-Term Loans.

 Shareholders equity was JPY 22.2 billion, an increase of JPY
6.5 billion from the last fiscal year. Shareholders equity ratio
was 5.5%, improving 1.5 points from the last fiscal year.

5

New Orders was JPY 155.0 billion, approximately 50% of
the full year forecast of JPY 300.0 billion.

Backlog was JPY 1,148.9 billion, equivalent to three-years
revenue.

6 The FY2023 forecast is as FY2022.
 Revenue is forecast to be JPY 450.0 billion, with major
ongoing projects such as NFE LNG in Qatar and a copper
smelting plant in Indonesia.
 Gross profit is expected to be JPY 35.0 billion with a grossprofit margin of 7.8%.
 SG&A Expenses is forecast to be JPY 15.0 billion.
 Both Operating Profit and Ordinary Profit are expected to be
JPY 20.0 billion. Profit is expected to be JPY 15.0 billion.
 New Orders are expected to be JPY 300.0 billion.

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This is a breakdown of FY2022 Revenue and Backlog forreference.

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This is a five year financial data history for reference.

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