Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/en

July 30, 2024

The presentation was conducted in Japanese.

IR, PR & Sustainability Advanced Section

This document is a translation/summary for

Corporate Services Department

reference only.

Chiyoda Corporation
Summary of a Q&A session following the Presentation of
the First Quarter Financial Results for Fiscal Year Ending March 31, 2025

The following is a summary of a Q&A session following the presentation (telephone conference) ofChiyoda Corporation’s (Chiyoda) financial results for the first quarter of fiscal year ending March 31,2025, released on July 29, 2024.
No1Question

Answer

FY2024 Forecast
What are the details of the•We receive numerous business inquiries and accumulate

FY2024 New Order forecast

many orders, mainly in the decarbonization and advancedof JPY 250 billion?

technology fields in Japan.

If the forecast is achieved,•Considering the full-year Revenue (JPY 450 billion) andwill Chiyoda decline revenue

New Orders (JPY 250 billion) forecast, the order backlog isin FY2025?

expected to decrease in FY2024.

If so, will Chiyoda maintain•the current level of revenue?

However, this declining revenue will not continue. We view
FY2024 as a temporary minor contraction and plan tosecure New Orders amounting to JPY 1.2 trillion in the next
three years (FY2024 to FY2026).

2

Gross Profit Margin
Why is the gross profit•

margin for the first quarter

The main reason is the reversal of provisions for Tangghu
LNG, Indonesia.

9.2%?
What factors contributed to•this increase?

Another reason is the depreciation of the yen compared to
the full-year exchange rate forecast of 150 JPY/USD.

•Excluding the above, the gross profit margin is in the low
7% range, but we aim to achieve above 8%.

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NoQuestion

3

Golden Pass LNG
Please advise the currentAnswer•

Progress is approximately 75% and there is no specificprogress of the project andschedule set at the moment. Agreements with the customer

the timing for delivery.

are anticipated in the future.

Is there any possibility of•incurring costs exceeding

We continuously aim to recover the costs recorded in theprevious fiscal year.

JPY 37 billion recorded in theprevious fiscal year?

•

There is no change of our aim to reach an agreement withno future cost overruns when the contract is revised, andwe anticipate a low risk of incurring additional costs.

4EPC Businesses
While efforts to enter the new•field of carbon-neutral

We continue to focus on EPC projects, including ourtraditional core strength of LNG.

projects are accelerating, it isunderstood that Chiyoda’s•

It is crucial to agree appropriate levels of risk sharing withcore business is EPC.

our clients and we continue to balance project risk andAs the scale of projects

return.

becomes larger, overseas
engineering companies from•

The presence of overseas engineering companies in small

countries such as Korea,and medium-size projects is less likely for projects in Japan.

China and India are excelling

Although of smaller scale than our traditional large-scalein small and medium-size

projects, we will establish our technical expertise throughprojects. How does Chiyoda

their execution as a foundation as we continue challenging

plan to compete in thefor overseas opportunities.

future?
-EndPlease submit inquiries to:
IR, PR & Sustainability Advanced Section, Corporate Services Department
Email: ir@chiyodacorp.com

2Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/en

Note: Some additions and corrections have been made to simplify the content for readers. Any projections included inthese materials are based solely on information available at the time this presentation was prepared. It is possible that
actual results may vary significantly from the projections due to a number of risk factors such as economic conditions. Theresults projected here should not be construed in any way as being guaranteed by the Company. Investors arerecommended not to depend solely on these projections for making investment decisions.

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