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.

July 29, 2024
Company Name: Chiyoda Corporation
Representative: Koji Ota, President & CEO
Stock Listing: Tokyo Stock Exchange Standard Section
Stock Code: 6366
Inquiries: Masataka Kinoshita, General Manager, Accounting Dept.
(TEL +81-45-225-7777)
Notice Regarding Consolidated Financial Forecasts and Recording Non-operating Expenses(Foreign Exchange Losses)
Chiyoda Corporation (‘Chiyoda’) announces that it has released the full-year consolidated
financial forecasts for the fiscal year ending March 31, 2025 and that it has recorded the nonoperating expenses (foreign exchange losses) as follows:
1. Announcement of the Consolidated Financial Forecasts(1) Consolidated financial forecasts for the fiscal year ending March 31, 2025 (April 1, 2024 toMarch 31, 2025)
Profit (Loss)
Revenues

Operating

Ordinary

Attributable toNet Profit

IncomeIncomeOwners ofper Share*

Parents
JPY MM

JPY MM

JPY MM

JPY MM

JPY

Previous Forecasts (A)-----Revised Forecasts (B)450,000

17,00020,00015,00049.79----------

505,981(15,006)(5,461)(15,831)(69.22)

Increase (Decrease) (B-A)
Increase (Decrease)
Percentage (%)(Reference)
Results for the fiscal year
ended March 31, 2024
* Class A Shares issuance is included.

(2) Reasons for the announcement of consolidated financial forecasts
The announcement of consolidated financial forecasts has been postponed because, considering
the possibility of withdrawal of Zachry Industrial, Inc. (‘Zachry’), one of the partners for
Chiyoda and its wholly owned Houston, Texas headquartered subsidiary, Chiyoda International
Corporation (‘CIC’) to execute the Golden Pass LNG project (‘the Project’) in Texas, the U.S.,
from the Project, discussions among Golden Pass LNG Terminal LLC (‘GPX’) in the U.S., theProject client, CB&I LLC (‘CB&I’), a joint venture partner in the U.S., and CIC on a possible
new organizational structure to continue the Project and complete construction have been
continuing since April 2024 when the possibility arose.
Chiyoda has decided to announce the consolidated financial forecasts for the fiscal year ending
March 31, 2025 with a certain assumption under the situation that the court provisionallyapproved the execution of an agreement through an Interim Order by Zachry, GPX, CB&I andCIC concerning Zachry’s withdrawal from the Project.
Chiyoda will promptly disclose any revisions to the forecasts, including profit and loss, inaccordance with disclosure criteria as soon as is reasonably practicable following Zachry’swithdrawal.
2. Recording Non-operating Expenses (Foreign Exchange Losses)
Chiyoda recoded JPY 3,588 million of foreign exchange losses as non-operating expenses forthe consolidated financial results for the three months ended June 30, 2024.
While there is no significant difference between the foreign currency denominated receivables
and foreign currency denominated liabilities in our consolidated financial statements, theexchange rate differences for each balance may be reflected in different sections of the financialstatements. These sections include non-operating income or loss, operating profit and changes inother comprehensive income. Considering all of these factors, the foreign exchange losses do
not impair its intrinsic corporate value.
For the impact on the financial results due to recording foreign exchange losses mentioned
above, please refer to the "Consolidated Financial Results for the Three Months Ended June 30,2024" released today.

(Note) Forward-looking Statement
The forecasts in this announcement are based on information available on the date they were prepared.
Actual results may differ significantly from these forecasts for a number of factors and we advise against relying
on these forecasts only when making investment decisions.

End