Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

Abridged Translation:
The report is not audited and this translation is an abridged version prepared based on the statutory format in Japan for reference
purpose only. If there is any discrepancy between this translation and the original Japanese version, the Japanese shall prevail.

Consolidated Financial Resultsfor Nine Months Ended December 31, 2022
February 2, 2023
Company name:
Listing:
Stock code:
URL:
Representative:
Inquiries:TEL:

CHIYODA CORPORATIONTokyo Stock Exchange
6366
http://www.chiyodacorp.com/en/
Masakazu Sakakida, Chairman of the Board, President& CEO
Takatsugu Ukai, General Manager, Accounting Department+81-45-225-7281

Scheduled date to file Quarterly Report:
Quarterly Supplementary Explanation Material:
Quarterly Financial Results Presentation:

February 10, 2023
Yes
Yes
(Millions of yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated performance for nine months ended December 31, 2022
(1) Consolidated operating results(Percentages indicate year-on-year changes)

Net sales
For nine months ended
December 31, 2022
For nine months ended
December 31, 2021
Note: Comprehensive Income:Operating income

Profit attributable toowners of parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

308,48142.1

13,61864.5

15,636

78.5

12,532-217,098 (10.7)

8,276

36.5

8,759

41.1

(13,658)-

nine months ended December 31, 2022:
nine months ended December 31, 2021:
Net income per
share

Fully diluted net
income per share

Yen

Yen

42.31

12.78

(58.82)-For nine months ended
December 31, 2022
For nine months ended
December 31, 2021%

(574) million yen / (－)%
(17,577) million yen / (－)%

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

As of December 31, 2022
As of March 31, 2022
Reference: Equity

Equity ratio

Millions of yen%

376,724
14,941
395,396
15,761as of December 31, 2022: 14,818 million yen
as of March 31, 2022:
15,654 million yen

3.9
4.0

2. Cash dividends
Cash dividends per share
Record date

First quarter

Second quarter

Yen

Third quarter

Yen

Yen

Fiscal year ended
March 31, 2022

－

－

－

Fiscal year ending
March 31, 2023

－

－

－

Fiscal year ending
March 31, 2023 (Forecast)Fiscal year-end－

Annual

Yen

Yen

0.00

0.00

－

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023
(from April 1, 2022 to March 31, 2023)(Percentages indicate year-on-year changes)

Net sales
Millions of yen

Operating income%

Millions of yen%

Profit attributable toowners of parent

Ordinary income

Net income
per share

Millions of yen%

Millions of yen%

Yen

20,00075.0

15,000－49.81

Fiscal year ending
450,000
44.6
20,000 89.7
March 31, 2023
Note: Revision to the latest forecast announcement FY2022: None

4. Others(1) Changes in Significant Subsidiaries during the Period(Changes in specified subsidiaries accompanying changes in the scope of consolidation): None(2)

Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial
Statements: None

(3) Changes in Accounting Policies and Accounting Estimates / Restatements
a. Changes in accounting policies due to revisions of accounting standards, etc.:
b. Changes in accounting policies other than a. above:c. Changes in accounting estimates:
d. Restatements:

Yes
None
None
None

(4) Number of issued shares (common stock)a. Total number of issued shares at the end of the period (including treasury stock)
As of December 31, 2022
260,324,529 shares
As of March 31, 2022
260,324,529 sharesb. Number of treasury stock at the end of the period
As of December 31, 2022
1,353,081 shares
As of March 31, 2022
1,357,776 sharesc. Average number of shares during the period
For nine months ended December 31, 2022
258,968,774 shares
For nine months ended December 31, 2021
258,966,769 shares*Presentation of Implementation Status of Quarterly Review Procedure
The review procedure of quarterly financial statements based on the Financial Instruments and Exchange Law has not been
completed at the time of the disclosure of these Consolidated Financial Statements.

*Proper use of earnings forecasts, and other special directions
The forward-looking statements, including earnings forecasts, contained in these materials are based on information
currently available to the Company and on certain assumptions deemed to be reasonable. Actual business and other results
may differ substantially due to a number of factors.

Dividend Status of Class A SharesClass A Share
Cash dividends per share
Record date
First quarter Second quarter Third quarter Fiscal year-end
Yen
Yen
Yen
Yen
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
Fiscal year ending
March 31, 2023 (Forecast)
Note: FY2022 dividend is not yet determined.

-

-

-

-

Annual
Yen

0.00

-

0.00

-

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

Table of Contents for the appendices1.

2.

Qualitative Information Related to Consolidated Performance ................................................... 2(1)

Qualitative Information on Business Performance .............................................................. 2(2)

Financial Information on Business Performance ................................................................. 6(3)

Consolidated Financial Forecasts of the Fiscal Year........................................................... 6

Consolidated Quarterly Financial Statements ............................................................................ 7(1)

Consolidated Balance Sheets ............................................................................................. 7(2)

Consolidated Statement of Income and Comprehensive Income ........................................ 9(3)

Notes on Consolidated Quarterly Financial Statements .................................................... 11(Supplementary information) ............................................................................................. 11(Critical subsequent event) ............................................................................................... 12

3.

Production, Contracts and Sales .............................................................................................. 13

1

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

1. Qualitative Information Related to Consolidated Performance(1) Qualitative Information on Business Performance
While COVID-19 containment consists with recovering economic activities, the future of the global economy
in the third quarter of the fiscal year remains volatile due to the geopolitical crisis in Ukraine, global inflation,energy and raw materials price escalation and other economic factors.
Under these circumstances, the business environment in which we operate is undergoing significant
changes. While the transition to carbon neutrality and decarbonization is accelerating in response to climatechange, balancing this transition and ensuring a stable energy supply has become a new challenge.
The Group’s medium-term management plan ‘Revitalization for the Future’ addresses these businessenvironment challenges. We continue to invest in our existing businesses, mainly based on liquefied naturalgas (LNG) which is increasing in importance as a resource that contributes to a stable energy supply andthe energy transition. We also continue to strengthen new businesses in growth fields such as renewableenergy, hydrogen, carbon cycling, energy management and life sciences and leverage digital transformation
to add value to our business model.
To accelerate the realization of our ‘Revitalization for the Future’ vision, the Group declared carbon neutrality
goals on April 1, 2022 and will continue contributing to net-zero by 2050 by combining our engineering
capabilities with innovative digital technology.
We are creating ‘new engineering value’ by stabilizing existing businesses and accelerating new ones,
aiming to rejuvenate our business portfolio, ensure a stable income base, achieve sustainable growth andfurther enhance enterprise value.
On a consolidated basis, for the 3rd quarter of the fiscal year ending March 31, 2023, New Orders amounted
to 120,531 million yen (down 69.3% YoY), Revenues amounted to 308,481 million yen (up 42.1% YoY) andthe Order Backlog amounted to 1,279,474 million yen (down 3.9% from last FY). Operating Income is 13,618
million yen (up 64.5% YoY) and Ordinary income is 15,636 million yen (up 78.5% YoY). A recognition ofincome taxes resulted in a profit attributable to the owners of the parent of 12,532 million yen (a loss of
13,658 million yen was recorded in the 3rd quarter last FY).
Further deterioration or a prolonging of the geopolitical crisis in the Ukraine could adversely affect theGroup’s business performance and we will continue to monitor and address any effects on current projects.
The figures provided for ongoing projects in the 3rd quarter of this fiscal year have been estimated following
reasonable assessments of applicable impacts. Revenue and Cost of Completed Work reflect total
construction cost and assessments in the calculation of construction progress.
Further information regarding reportable engineering business segments is presented below.
 Energy
LNG / Gas
【Overseas】
Chiyoda is executing the engineering, procurement and construction (EPC) phase of LNG plants in Qatar,
the USA and Indonesia. In Qatar, the EPC phase for the North Field East (NFE) project, an expansion offour LNG trains with capacities of eight million metric tons per annum each, is underway and construction
has commenced. In the USA, the Golden Pass LNG project is also in the EPC phase and construction isprogressing. In Indonesia, construction of the third train of the Tangghu LNG Expansion project isprogressing towards completion. In other gas related work, a group company in Qatar is engaged inengineering projects to renovate and repair LNG/gas processing plants.
【Japan】
We are in the EPC phase of projects to reinforce, modify and repair existing LNG terminals, previously
constructed by Chiyoda.

2Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

Refinery/Petrochemical
In Japan, we are working on upgrading oil refinery facilities, examining measures for energy saving/carbon
neutrality and examining compliance with the Basic Act for National Resilience. In the petrochemical field,
we are executing the EPC phase of a new functional materials project.
 Environment
Pharmaceutical/Biochemistry/General Chemistry
The EPC phase is underway on a recombinant protein vaccine production facility expansion project, theaddition of ancillary facilities for SHIONOGI & CO. Ltd and a biopharmaceutical substance manufacturing
plant. Pharmira Co. Ltd (Pharmira), a joint venture including Chiyoda and led by Shionogi Pharma Co. Ltd
commenced business on April 1, 2022. Pharmira conducts contract development and manufactures active
pharmaceutical ingredients (API’s) and intermediates, using Continuous Manufacturing (CM) technology.
Pharmira’s one-stop API and intermediate manufacturing scope ranges from API manufacturing processdevelopment and investigational new drug manufacturing on a commercial scale. Chiyoda applies its
innovative CM technology and reinforces life science fields through the horizontal development of ourtechnologies.
After being selected by the New Energy and Industrial Technology Development Organization’s (NEDO)
following an open call for proposals, we are working on a ‘Technology Development for Large-scale
Production of Highly Modified Recombinant Proteins in Plants’ research and development project,collaborating with industry and academia. We are conducting basic engineering for a client’s waste plastic
recycling business.
We are also strengthening our capabilities in indoor vertical farming and promoting the development ofcommercial facilities.
Environment/New Energy/Infrastructure【Environment】
We are installing flue gas desulfurization (FGD) equipment in coal-fired power plants in India in response totightening environmental regulations and Chiyoda’s thoroughbred 121 (CT-121) FGD process has been
installed in a number of plants.
In Japan, we are in the EPC phase for flue gas desulfurization equipment installation in a coal-fired power
plant.
【New Energy】
Chiyoda is executing the EPC phases for a photovoltaic (mega solar) facility, an energy storage facility andJapan’s largest biomass power plant using wood pellets as fuel.
【Infrastructure】
Chiyoda is constructing the MSP project in Indonesia, the world’s largest single manufacturing line copper
smelting plant, as the sole EPC contractor. We are also executing the Front End Engineering and Design(FEED) phase of an advanced materials plant, and have completed the EPC phase of a polypropylene
polymerization catalyst manufacturing plant in Japan.
Please refer to 3. ‘Production, Contracts and Sales’ for further details of New Contracts, Net Sales andContract Backlog, by segment.

3

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

~Decarbonization Business~
Our hydrogen business (hydrogen/ammonia), Carbon Capture and Storage (CCS)/ Carbon Capture andUtilization (CCU) business and energy management business are presented below.
Hydrogen/Ammonia
In the hydrogen field, Chiyoda is in detailed discussions with various parties to construct hydrogen supply
chains using our unique SPERA HydrogenTM technology.
In Europe, Chiyoda is discussing the construction of an international hydrogen supply chain with the Port ofRotterdam Authority in The Netherlands, Koole Terminals and Mitsubishi Corporation for importing hydrogen
into Europe on a commercial scale. Chiyoda is participating in a hydrogen marine transportation project toexport hydrogen from Scotland to Rotterdam. Chiyoda has signed a Joint Commercial Cooperation
Agreement with Axens in France to facilitate a hydrogen supply chain and promote a combination of
Chiyoda’s SPERA HydrogenTM technology and Axens’ Toluene Hydrogenation technology. Chiyoda willfurther accelerate the expansion of its hydrogen supply chain business.
Discussions are ongoing with Mitsubishi Corporation and Singaporean companies, including Sembcorp
Industries, an integrated utilities and urban development firm, regarding studies to realize a clean hydrogen
supply chain in Singapore. The three parties signed a memorandum of understanding to advance to a PreFEED study.
In Japan, Chiyoda is a managing board member of the Japan Hydrogen Association and accelerates ahydrogen-based society through the social implementation of hydrogen projects.
In the ammonia field, Chiyoda is leading a NEDO Green Innovation Fund initiative to develop independent
ammonia synthesis technologies to reduce ammonia production costs, and is conducting studies onammonia receiving and hydrogen fuel supply facilities in Japan.
CCS/CCUIn the CCS field, we are partially remodeling and providing operational support for a demonstration projectto separate, recover and store CO2 from thermal power plant fuel gas. Technology development of CO 2
separation and recovery for large scale natural gas fired power plant turbines using domestic solid sorbent
material is ongoing under a NEDO Green Innovation fund program.
In Indonesia, Chiyoda has commenced joint feasibility studies on large scale CCS and the capture,transportation and storage of CO2 produced as a by-product from chemical manufacturing plants with PT
Pertamina (Persero).
In the CCU field, we are collaborating with Blue Planet Systems Corporation and Mitsubishi Corporation todevelop and commercialize technology to use the CO 2 in exhaust gas in the manufacture of aggregates as
the raw material for concrete. We are realizing carbon recycling as part of a collaboration project withindustry, government and academia to research and develop CO 2 capture technology, using CO2 as a raw
material to produce para-xylene (PX).
Chiyoda signed a Memorandum of Understanding with the German company INERATEC GmbH
(INERATEC) to strategically collaborate on e-fuel projects to accelerate decarbonization using INERATEC’s
innovative Power-to-X technology.
Energy Management
Chiyoda was awarded a maintenance contract for the world’s largest battery energy storage plant, in
addition to its EPC execution. We are continuing to reinforce our energy management business for energy
storage facilities to efficiently utilize renewable energy and virtual power plants (VPP).

4

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

~Digital Transformation (DX) Business~
The Group is accelerating company-wide digital transformation (DX) and, by pursuing the following three
initiatives, cultivating digital expertise as a DX foundation in the development of a digital culture. Chiyoda
was certified as a DX business operator in December 2022 under the DX certification System establishedby the Ministry of Economy, Trade and Industry.
(a)Project Execution DX
We are sequentially implementing systems required to apply Advanced Work Packaging (AWP) on ongoingprojects to enhance our EPC execution management capabilities. As part of PlantStream Inc, a joint venturewith Arent Inc, we are developing, and introducing to plant owners and EPC contractors around the world,a revolutionary system that drastically reduces the number of space design processes required in basic
plant design, enabling faster creation of 3D models.
(b)
Corporate Management DX
We are leveraging digital technologies to develop the remote working environment, improving resource
planning and management and deploying robotic process automation to improve administrative efficiency.
(c)
DX Business
We reorganized our plant operation and maintenance solution and digital transformation businessorganizational functions to launch a new ‘O&M Transformation Solution Business Department’ in January
2023. Chiyoda will accelerate the provision of competitive solutions, supporting the transformation of client
operation and maintenance activities.

5Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(2) Financial Information on Business Performance(Assets)
Total assets decreased by 18,672 million yen from the end of the last fiscal year, with a decrease ofaccounts receivable – Other of 45,349 million yen and Cash and deposits of 7,663 million yen. Costs on
construction contracts in progress increased by 7,575 million yen, investment securities by 1,802 million
yen and other current assets by 25,827 million yen.
(Liabilities)
Total liabilities decreased by 17,852 million yen from the end of last fiscal year, with a decrease ofaccounts payable – Other of 28,198 million yen, Current portion of Long-term borrowings of 5,098 million
yen, Long-term borrowings of 5,000 million yen and Contract liabilities of 4,357 million yen. Notes
payable, accounts payable for construction contracts increased by 25,275 million yen.
(Net assets)
Total Net Assets is 14,941 million yen, with an increase in retained earnings by recording a profit
attributable to owners of the parent. Accumulated other comprehensive income decreased with adecrease in foreign currency translation adjustment.

(3) Consolidated Financial Forecasts of the Fiscal YearThe full year consolidated financial forecasts for the fiscal year ending March 31, 2023, released on May
10, 2022, were revised. Please refer to ‘Revisions to the Consolidated Results Forecast’ dated January
31, 2023. The exchange rate used in the forecasts is JPY133/USD.

6

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

2. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivablefrom completed construction contracts,
and contract assets
Costs on construction contracts inprogress
Accounts receivable - other
Jointly controlled assets of joint venture
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

7

As of December 31, 2022

68,795

61,13240,43840,755

18,52926,10583,246
141,438
21,731(1,498)372,682

37,897140,574
47,559(1,640)352,383

4,700
5,100
1,236
11,038
4,335

4,341
5,084
1,152
10,578
4,210

5,511
633
129
1,084
(18)
7,340
22,714395,396

7,313
665
141
1,448
(18)
9,550
24,340376,724

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Contract liabilities
Provision for warranties for completed
construction
Provision for loss on construction
contracts
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Provisions
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit
plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

8

As of December 31, 2022

96,084

121,359

20,621
44,022
978143,431

15,523
15,824874
139,074

3,348

1,384

34,81534,066

3,211
4,160
350,675

3,237
5,838
337,183

25,000
533
239
773
2,413
28,960379,635

20,000
835
238
898
2,628
24,599361,782

15,014142(1,142)(849)
13,16515,014142
11,142(847)
25,451

83

77

1,656
(6)

1,608
(12,796)

755

478

2,489

(10,633)

106
15,761
395,396

123
14,941
376,724

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(2) Consolidated Statement of Income and Comprehensive Income(Consolidated Statement of Income)(Millions of yen)

Nine months ended
December 31, 2021
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 profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted forusing equity method
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Gain on liquidation of subsidiaries andassociates
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Loss on sale of investment securities
Loss on liquidation of subsidiaries andassociates
Project related loss due to settlementswith customers
Total extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controllinginterests
Profit (loss) attributable to owners of parent

9

Nine months ended
December 31, 2022

217,098

308,481200,240

284,970

16,85723,511

8,581
8,276

9,893
13,618

201
314
806
143
1,466

1,404
1,216
377
143
3,141

656

654

191

309

135
983
8,759

158
1,123
15,636

－

77

215

1

215

79

92
－

18
5

87

0

20,374－

20,553(11,579)
1,949
147
2,097
(13,676)

23
15,692
2,777
374
3,152
12,539(18)

7(13,658)

12,532

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(Consolidated Statement of Comprehensive
Income)(Millions of yen)
Nine months ended
December 31, 2021

Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Share of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests

10

Nine months ended
December 31, 2022

(13,676)

12,539

(52)

(6)

162
(3,780)(48)(12,911)

(262)

(277)

30

130

(3,901)(17,577)(13,113)(574)(17,572)

(590)

(5)

16

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(3) Notes on Consolidated Quarterly Financial Statements(Supplementary information)(Merger of group companies)
At a meeting held on December 27, 2022, the Board of Directors approved the merger of three
consolidated subsidiaries, Chiyoda Kosho Co. Ltd (merging company), Chiyoda System
Technologies Corporation and Chiyoda TechnoAce Co. Ltd. The merger agreement became
effective on the same day.
1.

Outline of merger(1) Outline of combining entities and their businessMerging company Chiyoda Kosho Co. Ltd.
Business
Energy, environment and maintenance
Merged company Chiyoda System Technologies Corporation
Business
Electrical and instrumentation solutions
Merged company Chiyoda TechnoAce Co. Ltd.
Business
Life science(2) Planned date of merger
April 1, 2023
(3) Legal form
Absorption-type merger(4) Name of combined company
CHIYODA X-ONE Engineering Corporation(5) Others
Merger intent:i.
To increase business efficiency by integrating the managerial resources of the threecompaniesii.
To become a leading integrated plant engineering and maintenance engineering
company with the technical expertise to execute plant engineering, procurement andconstruction (EPC), and optimize the technical proficiency and experience fostered by
the three companies

2.

Outline of accounting treatment
The accounting is treated as a transaction under common control in accordance with applicable
Japanese laws.

11

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

(Critical subsequent event)(Transfer of equity method associate shares)
At a meeting held on October 25, 2022, the Board of Directors approved the transfer of all sharesof L&T-Chiyoda Limited (L&TC), Chiyoda’s equity method associate, to Larsen & Toubro Limited.
Chiyoda and Larsen & Toubro Limited signed the share transfer agreement on November 22, 2022,
and shares were transferred on January 19, 2023. L&TC will be excluded from Chiyoda’s
associates by the share transfer.
3.

Reason for share transfer
Shares were transferred as a result of synthetic consideration in terms of optimizing
engineering work.

4.

The transferee
Larsen & Toubro Limited, India

5.

Date of transfer
January 19, 2023

6.

Outline of the equity method associate
Name
L&T-Chiyoda Limited, India
BusinessEngineering
Business relationship with Chiyoda
Engineering of industrial facilities overseas

7.

Outline of the transfer
Number of shares transferred
Transfer value
Transfer profit and loss

Post transfer ratio

4,500,000 shares
750 million Indian rupees
Profit from equity method associate shares transfer 259
million JPY will be recorded in the consolidated quarterly
financial results for fiscal year ending March 2023.
-% (Prior transfer ratio 50%)12

Chiyoda Corporation (6366)
Consolidated Financial Results for nine months Ended December 31, 2022

3.

Production, Contracts and Sales(Millions of yen)
Apr. 1, 2022－Dec. 31, 2022

Apr. 1, 2021－Dec. 31, 2021
Segments

New
Backlog ofNew
Backlog of
Net Sales
Net Sales
Contracts
Contracts Contracts
Contracts(Ratio)(Ratio)(Ratio)(Ratio)(Ratio)(Ratio)392,466(99.9%)

216,575 1,322,332(99.8%) (100.0%)

120,041(99.6%)

307,991 1,279,474(99.8%) (100.0%)(1) LNG Plant

10,623(2.7%)

109,437(50.4%)

877,764(66.4%)

52,885(43.9%)

181,471(58.8%)

879,452(68.7%)(2) Gas Related Work546
(0.1%)

3,568(1.7%)

2,813(0.2%)

4,604(3.8%)

2,414(0.8%)

5,197(0.4%)(3) Refinery/Petrochemical

25,421(6.5%)

46,957(21.6%)

29,231(2.2%)

28,062(23.3%)

23,298(7.5%)

31,515(2.5%)

Chemical

29,484(7.5%)

21,852(10.1%)

50,713
(3.8%)

14,967(12.4%)

23,014(7.5%)

42,052(3.3%)

Global(5) Environment/
Environment
New Energy/Infrastructure

324,063(82.5%)

32,287(14.9%)

359,713(27.2%)

15,828(13.1%)

74,957(24.3%)

317,623(24.8%)

2,326(0.6%)

2,471(1.1%)

2,096(0.2%)

3,692(3.1%)

2,834(0.9%)

3,632(0.3%)

523(0.1%)

523(0.2%)-

490(0.4%)

490(0.2%)-

1.

Engineering

Energy(4) Pharmaceutical/Biochemistry/(6) Others
2.

Other Business

Total

Domestic

-)

(

-)

392,990 217,098 1,322,332 120,531 308,481 1,279,474(100.0%) (100.0%) (100.0%) (100.0%) (100.0%) (100.0%)64,336(16.4%)

89,250(41.1%)

108,927(8.2%)

59,140(49.1%)

58,155(18.9%)

99,504(7.8%)

328,653 127,847 1,213,405
61,390 250,325 1,179,969(83.6%) (58.9%)(91.8%) (50.9%) (81.1%)(92.2%)The backlog of contracts for nine months includes an increase / decrease due to changes inconstruction contracts acquired in prior fiscal years, and an increase / decrease due to foreignexchange translation adjustments.
Overseas

Note 1:

(

-

END -

13