Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 13, 2023
Company name: TODA CORPORATION
Stock exchange listing: Tokyo
Code number: 1860
URL: https://www.toda.co.jp/
Representative: Seisuke Otani
President and Representative Director
Contact:
Toshiyuki Kubodera
General Manager,Financial&IR Div.
Phone: +81-3-3535-1357
Scheduled date of filing quarterly securities report: November 13, 2023
Scheduled date of commencing dividend payments: December 8, 2023
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended
September 30, 2023
230,329
(4.0)
3,180
580.6
8,243
119.9
5,209
62.7
September 30, 2022
239,805
1.8
467(94.6)
3,749(65.0)
3,201(57.6)(Note) Comprehensive income:Six months ended September 30, 2023:¥23,710 million [ 437.6%]
Six months ended September 30, 2022:¥4,410 million [ (65.2) %]Basic earnings
per share
Six months ended
September 30, 2023
September 30, 2022

Diluted earnings per
share
Yen

Yen

16.81
10.39

-

(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen
Millions of yen
As ofSeptember 30, 2023
766,821342,696
March 31, 2023
815,556
323,261(Reference) Equity: As of September 30, 2023:¥336,168 million
As of March 31, 2023:¥317,254 million

Capital adequacy ratio
%

43.8
38.9

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

13.50

-

13.50

27.00

Fiscal year ending March 31, 2024

-

14.00
-

14.00

28.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen%

Yen

19,500

77.3

62.92

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

Yes

Full year
540,000(1.3)
16,00013.2(Note) Revision to the financial results forecast announced most recently:

19,500No% Millions of yen

2.4* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
Yes
Exclusion:

１(Company name: Construtora Toda do Brasil S/A )(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
322,656,796 shares
March 31, 2023:
322,656,796 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
12,669,536 shares
March 31, 2023:
12,730,496 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
309,939,245 shares
Six months ended September 30, 2022:
308,218,645 shares*Notes:
These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date,
which are subject to a number of risks and uncertainties. Therefore, the actual results of developments may differ from those presented
in these forward-looking statements due to the changes in various factors.

Consolidated Financial Results
for the Second Quarter
Ended September 30, 2023

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Table of Contents of Attachments
1.

Qualitative Information on Financial Results for the Six Months Ended September 30, 2023 ................... 2(1)

Overview of Operating Results for the Six Months Ended September 30, 2023 ......................................... 2(2)

Explanation on Financial Condition ............................................................................................................. 4(3)

Explanation of Consolidated Financial Forecasts and Other Forward-Looking Statements ........................ 5

2.

Quarterly Consolidated Financial Statements and Notes ............................................................................. 6(1)

Quarterly Consolidated Balance Sheets ....................................................................................................... 6(2)

Consolidated Statements of Income and Comprehensive Income ............................................................... 8(3)

Consolidated Statements of Cash Flows .................................................................................................... 10(4)Notes to Quarterly Consolidated Financial Statements .............................................................................. 12
Notes on Matters Related to Going Concern Assumption.......................................................................... 12
Notes in the Event of Significant Changes in Shareholders' Equity........................................................... 12
Accounting Methods Specific to the Preparation of Quarterly Consolidated Financial Statements .......... 12
Segment Information, etc. .......................................................................................................................... 12
Significant Subsequent Events ................................................................................................................... 14

3.

(Reference) Non-consolidated Financial Statements ................................................................................. 14(1) (Reference) Non-consolidated Balance Sheets ........................................................................................... 16(2) (Reference) Non-consolidated Statements of Income ................................................................................ 18
4.

Supplementary Information ........................................................................................................................ 19(1)

Summary of Consolidated Results and Forecasts ....................................................................................... 19(2)

Summary of Non-consolidated Results and Forecasts ............................................................................... 20(3) Orders Received, Net Sales and Balance Brought Forward (Non-consolidated) ....................................... 21(4) Main Orders Received, Completed Construction and Carryover Works for the Period under Review ...... 22

1

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

1. Qualitative Information on Financial Results for the Six Months Ended September 30, 2023
(1) Overview of Operating Results for the Six Months Ended September 30, 2023
During the six months ended September 30, 2023, the domestic economy saw a pickup in capital investment
and public investment against a backdrop of improved employment and income condition and is expected tocontinue its gradual recovery.
In the construction industry, both public and private construction orders increased, and overall orders exceeded
those of the same quarter of the previous year. Meanwhile, prices of construction materials are on the rise andlabor supply and demand are tightening, raising concerns about rising construction costs.
In May 2022, the Group announced the “Medium-Term Management Plan 2024 Rolling Plan” to promote theevolution of value provided to customers in the core businesses of architectural construction, civil engineering, andstrategy. In addition, the Company has identified the construction of new TODA BUILDING, overseas business,and renewable energy business such as floating offshore wind power generation as key management priorities.
During the period under review, the Company continued to invest in growth under the active involvement of top
management in order to achieve medium- to long-term growth. To achieve ROE (return on equity) target of 8% in
the medium- to long-term while promoting growth investments, the Company has also set ROIC (return on
invested capital) of 5% or more as a management indicator of profitability, and is working to strengthen its
investment process.
Under these circumstances, the Group’s consolidated results for the period under review were as follows:
Consolidated net sales decreased 4.0% compared to the same quarter of the previous year to ¥230.3 billion,
mainly due to lower sales in the Architectural Construction Business, the Civil Engineering Business and theDomestic Investment and Development Business, despite higher sales in the Overseas Group Companies Businessas a result of the consolidation of PT Tatamulia Nusantara Indah and its seven subsidiaries in the previous fiscal
year.
As for operating income, gross profit increased 24.1% compared to the same quarter of the previous year to¥24.6 billion, mainly due to the impact of the provision for loss on construction contracts on several construction
projects in the Architectural Construction Business in the previous fiscal year. Selling, general and administrative
expenses increased 10.6% compared to the same quarter of the previous year to ¥21.4 billion, but operating income
rose 580.6% compared to the same quarter of the previous year to ¥3.1 billion.
Ordinary income was ¥8.2 billion yen, up 119.9% from the same quarter of the previous year, due to anincrease in non-operating income such as foreign exchange gains resulting from the yen's depreciation.
Net income attributable to owners of the parent was ¥5.2 billion, an increase of 62.7% from the same quarter ofthe previous year.
The results for each segment including intersegment sales and transfers are as follows.
The Group has changed its reporting segments from the first quarter of the current consolidated fiscal year, andcomparisons and analysis with the same quarter of the previous year are based on the segment classifications after
the change. For details, please refer to “3. Matters related to changes in reporting segments, etc.” under “2.
Quarterly Consolidated Financial Statements and Notes (4) Notes to Quarterly Consolidated Financial Statements Segment Information, etc. II. For the six months ended September 30, 2023”.
Architectural Construction BusinessNet sales were ¥139.7 billion (down 2.7% from the same quarter of the previous year), and the segment loss
(operating loss) was ¥0.5 billion (the segment loss of ¥4.4 billion for the same quarter of the previous year).
Orders received by the Company on non-consolidated basis increased by 105.4% from the same quarter of theprevious year for domestic public-sector construction, but domestic private-sector construction decreased by 22.4%
from the same quarter of the previous year, resulting in an overall decrease of ¥113.6 billion, 6.7% lower than thesame quarter of the previous year.

2

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Civil Engineering BusinessNet sales were ¥54.3 billion (down 19.8% from the same quarter of the previous year), and segment income(operating income) was ¥2.4 billion (down 47.0% from the same quarter of the previous year).
Orders received by the Company on non-consolidated basis decreased 18.9% from the same quarter of theprevious year for domestic public-sector construction, and decreased 57.6% for domestic private-sector
construction, resulting in an overall decrease of ¥40.0 billion, down 34.4% from the same quarter of the previous
year.
Domestic Investment and Development BusinessNet sales were ¥4.9 billion (down 60.8% from the same quarter of the previous year), and segment income(operating income) was ¥0.6 billion (down 20.4% from the same quarter of the previous year).
Domestic Group Companies BusinessNet sales were ¥22.7 billion (up 6.8% from the same quarter of the previous year), and segment income(operating income) was ¥0.7 billion (up 107.9% from the same quarter of the previous year).
Overseas Group Companies BusinessNet sales were ¥23.1 billion (up 286.3% from the same quarter of the previous year), and segment income(operating income) was ¥0.7 billion (up 125.1% from the same quarter of the previous year).
Environment & Energy BusinessNet sales were ¥0.6 billion (down 9.5% from the same quarter of the previous year), and segment loss
(operating loss) was ¥0.1 billion (segment loss of ¥0.2 billion in the same quarter of the previous year).

3

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(2) Explanation on Financial Condition
1) Assets, liabilities, and net assets
AssetsTotal assets at the end of the second quarter of the current consolidated fiscal year decreased ¥48.7 billion(down 6.0%) to ¥766.8 billion compared to the end of the previous consolidated fiscal year, due mainly to ¥10.1
billion decrease in cash and deposits and ¥87.7 billion decrease in notes and accounts receivable from completed
construction contracts, despite ¥7.2 billion increase in costs on uncompleted construction contracts, ¥12.5 billion
increase in construction in progress and ¥16.2 billion increase in investment securities.
Liabilities
Total liabilities at the end of the second quarter of the current consolidated fiscal year decreased ¥68.1 billion(down 13.8%) to ¥424.1 billion compared to the end of the previous consolidated fiscal year, due mainly todecreases of ¥37.1 billion in notes payable, accounts payable for construction contracts and other and ¥43.5 billion
in short-term loans payable, and ¥4.4 billion in long-term loans payable, despite increases of ¥13.7 billion inadvances received on uncompleted contracts and ¥4.2 billion in deposits received.
Net assets
Total net assets at the end of the second quarter of the current consolidated fiscal year were ¥342.6 billion, an
increase of ¥19.4 billion (up 6.0%) compared to the end of the previous consolidated fiscal year, due mainly to theposting of ¥5.2 billion in net income attributable to owners of the parent, ¥11.1 billion increase in valuationdifference on available-for-sale securities resulting from the rise in market value of stock holdings, and ¥6.1 billion
increase in foreign currency translation adjustments resulting from the depreciation of the yen. The equity capitalratio was 43.8%.
2) Cash Flows
Cash and cash equivalents (hereinafter “cash”) at the end of the second quarter of the current consolidated fiscal
year totaled ¥86.5 billion, down ¥9.3 billion compared to the end of the previous consolidated fiscal year.
Cash Flows from Operating Activities
Net cash provided by operating activities amounted to ¥62.3 billion (net cash used in operating activities
amounted to ¥8.3 billion in the same period of the previous year). The main outflows were ¥6.8 billion decrease
due to an increase in costs on uncompleted construction contracts, ¥38.4 billion decrease in notes and accounts
payable-trade, and ¥6.6 billion decrease due to payment of income taxes. The main inflows were income before
income taxes and non-controlling interests of ¥9.1 billion and depreciation and amortization of ¥3.2 billion, as wellas an increase in funds of ¥90.0 billion due to a decrease in notes and accounts receivable-trade and ¥13.1 billion
due to an increase in advances received on uncompleted contracts.
Cash Flows from Investing Activities
Net cash used in investing activities amounted to ¥23.0 billion (net cash of ¥12.0 billion used in the same periodof the previous year). The main factors were ¥3.2 billion increase in funds due to sales and redemption of
investment securities, but decreases in funds of ¥23.3 billion due to purchase of property, plant and equipment, ¥1.5
billion due to purchase of investment securities, ¥1.0 billion due to an increase in loans receivable, and ¥1.0 billion
due to sales of investments in subsidiaries.
Cash Flows from Financing Activities
Net cash used in financing activities amounted to ¥52.7 billion (compared with ¥32.2 billion used in the same
period of the previous year). Although funds increased by ¥3.1 billion due to an increase in long-term loans
payable, funds decreased by ¥50.6 billion due to repayments of short-term loans payable and ¥4.2 billion due tocash dividend paid.

4

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(3) Explanation of Consolidated Financial Forecasts and Other Forward-Looking Statements
At this time, there are no changes to the consolidated earnings forecast for the fiscal year ending March 31,
2024 from that announced on May 15, 2023.

5

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of September 30, 2023

96,840282,828700
15,616
12,10286,704
195,126
398
20,97019,332

2,709
23,807(3,032)431,573

5,808
18,517(2,663)
344,19354,240
11,25660,166
11,61687,187
205
25,785
178,675

89,152
234
38,348
199,518

1,375
10,68912,065

1,237
10,428
11,665

185,072
795
1,953
921
4,581
(81)
193,243
383,983
815,556

201,352
1,467
1,700
1,008
6,001
(86)
211,443422,627
766,821

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Short-term investment securities
Real estate for sale
Costs on uncompleted construction
contracts
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, vehicles, tools,
furniture and fixtures, net
Land
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit assets
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

6

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(Millions of yen)
As of March 31, 2023

As of September 30, 2023

111,283

74,141

81,5685,050
6,329
33,40838,031
5,040
3,084
47,144

5,115
3,305

4,843
3,882

9,434
36,48618,034
310,016

7,206
40,72816,810240,91250,19574,724
19,244
6,069
98
465
1,141

50,18070,27924,933
6,069
101
550
15

22,932
2,242
5,165
182,278492,295

23,492
2,234
5,355
183,212424,124

23,001
26,786200,996(7,625)
243,159

23,001
26,786201,987(7,586)244,189

72,79083,922111
3,087(1,567)(327)
74,094

690
3,087
4,590
(310)
91,9796,007
323,261

6,528
342,696815,556

766,821

Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts and other
Short-term loans payable
Current portion of bonds payable
Income taxes payable
Advances received on uncompleted
construction contracts
Provision for bonuses
Provision for warranties for completed
construction
Provision for loss on construction contracts
Deposits received
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for directors’ retirement benefits
Provision for stock payments for directors
Provision for loss on liquidation ofsubsidiaries and affiliates
Net defined benefit liability
Asset retirement obligations
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains on hedges
Revaluation reserve for land
Foreign currency conversion adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

7

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Six Months Ended September 30, 2022 and 2023
(Millions of yen)
Six Months Ended
Six Months Ended
September 30, 2023
September 30, 2022
(April 1 through(April 1 throughSeptember 30, 2023)
September 30, 2022)
Net sales
219,003
Net sales of construction contracts
222,724
Net sales of investment development business and11,32517,080230,329
Total net sales
239,805
Cost of sales
198,021
Cost of sales of construction contracts
205,544
Cost of sales of investment development business
7,704
14,431
205,725
Total cost of sales
219,976
Gross profit
20,982Gross profit on construction contracts
17,180Gross profit on investment development business
3,620
2,648
24,603
Total gross profit
19,82921,422
Selling, general and administrative expenses
19,361
3,180
Operating income
467
Non-operating income
1,057Interest income
130
2,115
Dividend income
2,112
Share of profit of entities accounted for using
155
－
2,072
Foreign exchange gain
1,159
572
Other
304
5,817
Total non-operating income
3,862
Non-operating expenses
627
Interest expenses
448
59Commission fee
59
67
Other
72
754
Total non-operating expenses
579
Ordinary Income
8,243
3,749
Extraordinary income
Gain on step acquisitions
1,908
－
2,297
Gain on sales of investment securities
691
35
Other
286
2,333
Total extraordinary income
2,886
Extraordinary loss
Impairment loss
2,042
－
5
Loss on abandonment of noncurrent assets
172
Loss on valuation of investment securities
410－
Provision for loss on liquidation of subsidiaries
1,419
23
Other
176
1,448
Total extraordinary losses
2,802
Profit before income taxes and non-controlling
9,129
3,833
3,859
Total income taxes
683
5,270
Profit for the year
3,150
60
Loss attributable to non-controlling interests
(50)
5,209
Profit for the year attributable to owners of the parent
3,201

8

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Consolidated Statements of Comprehensive Income
Six Months Ended September 30, 2022 and 2023

Profit for the year
Other comprehensive income
Valuation difference on available-for-sale
Deferred gains or losses on hedges
Foreign currency conversion adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of the parent
Non-controlling interests

Six Months Ended
September 30, 2022
(April 1 throughSeptember 30, 2022)
3,150(Millions of yen)
Six Months Ended
September 30, 2023
(April 1 throughSeptember 30, 2023)
5,270

(462)
(21)
2,317
40
(614)
1,259
4,410

11,132
546
6,738
(8)
32
18,44023,7104,324
85

23,094615

9

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(3)

Consolidated Statements of Cash Flows(Millions of yen)
Six Months ended
Six Months ended
September 30, 2022
September 30, 2023
(April 1 through Sept. 30, 2022) (April 1 through Sept. 30, 2023)
Net cash provided by (used in) operating activities
Profit before income taxes and non-controlling
3,833
9,129
interests
Depreciation and amortization
2,935
3,255
Impairment loss
2,042－
Amortization of goodwill
88
241
Increase (decrease) in allowance for doubtful
23(556)
accounts
Increase (decrease) in provision for loss on(321)(1,126)liquidation of subsidiaries and affiliates
Increase (decrease) in net defined benefit
87489
liability
Decrease (increase) in net defined benefit asset
335
302
Increase (decrease) in other provision
4,115(1,814)
Loss (gain) on valuation of investment
410－
securities
Loss (gain) on sales of investment securities(677)(2,297)
Loss (gain) on sales of shares of subsidiaries
1,419－
and associates
Loss (gain) on sales of property, plant and128(17)equipment
Loss on abandonment of noncurrent assets
172
5
Loss (gain) on step acquisitions(1,908)－
Share of loss (profit) of entities accounted for(155)
8using equity method
Interest and dividend income(2,242)(3,172)
Interest expenses
448
627
Decrease (increase) in notes and accounts
4,574
90,064
receivable-trade
Decrease (increase) in costs on uncompleted(3,990)(6,817)
construction contracts
Decrease (increase) in real estate for sale
1,892
(4,592)
Decrease (increase) in other current assets
3,806
5,716
Increase (decrease) in notes and accounts(13,417)(38,444)
payable-trade
Increase (decrease) in advances received on
419
13,181
uncompleted construction contracts
Increase (decrease) in other current liabilities(6,036)
1,671
Other, net
(798)
(850)
Subtotal(4,234)
66,420Interest and dividend income received
2,243
3,175
Interest expenses paid
(427)
(623)
Income taxes paid
(5,925)(6,604)
Net cash provided by (used in) operating(8,343)62,368activities

10

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)
Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
312
Proceeds from sales and redemption of
investment securities
Purchase of property, plant and equipment(12,727)
Proceeds from sales of property, plant and1,482
equipment
Payments from retirement of property, plant(222)
and equipment
Purchase of intangible assets(788)
Purchase of investment securities(995)
Proceeds from sales and redemption of
1,478
investment securities
Payments of loans receivable(30)
Collection of loans receivable
13
Payments for lease and guarantee deposits(6)
Purchase of shares of subsidiaries resulting(918)
in change in scope of consolidation
Payments for sales of shares of subsidiaries
resulting in change in scope of－
consolidation
Other, net
359
Net cash provided by (used in) investing(12,042)
activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans(10,100)
payableIncrease (decrease) in commercial paper(20,000)
Proceeds from long-term loans payable
1,380
Repayments of long-term loans payable(3,470)
Proceeds from issuance of bonds
10,000
Redemption of bonds(5,045)
Cash dividends paid
(4,943)
Cash dividends paid to non-controlling(2)
interests
Purchase of treasury stock(0)
Other, net(22)
Net cash provided by (used in) financing(32,204)
activities
Effect of exchange rate change on cash and1,039
cash equivalents
Net increase (decrease) in cash and cash
(51,550)
equivalents
Cash and cash equivalents at the beginning of
129,301
current period
Cash and cash equivalents at the end of
77,751current period

11(Millions of yen)
Six Months ended
September 30, 2023
(April 1 through Sept. 30, 2023)
(0)
852
500
(23,387)
130
(87)
(702)
(1,514)
3,272(1,086)414(179)－(1,067)(164)(23,020)(50,627)
－
3,157
(925)
－
(25)
(4,219)
(108)
(0)
(41)
(52,791)
4,103(9,340)95,86686,526TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(4) Notes to Quarterly Consolidated Financial Statements
Notes on Matters Related to Going Concern Assumption
Not applicable.
Notes in the Event of Significant Changes in Shareholders' Equity
Not applicable.
Accounting Methods Specific to the Preparation of Quarterly Consolidated Financial Statements
Six Months Ended September 30, 2023
(April 1 through September 30, 2023)
Calculation of tax Tax expenses are calculated by reasonably estimating the effective tax rate after
expenses
applying tax effect accounting to income before income taxes and minority interests
for the consolidated fiscal year, including the second quarter under review, andmultiplying quarterly income before income taxes and minority interests by said
estimated effective tax rate.
Segment Information, etc.
Segments information
I. For the six months ended September 30, 2022 (April 1, 2022 through September 30, 2022)
1. Information on sales and income or loss by reporting segment
Reporting Segment
Domestic
Overseas Environment
Domestic
Investment
Architectural
Civil
and
Group
Group
and
Construction Engineering
Companies Development Energy
Development

Total(Millions of yen)Amountrecorded inquarterly
Adjustment
consolidated(Note 1)statements ofincome(Note 2)

Net sales
Sales to－138,541
65,25812,18917,1495,945
721 239,805
239,805
externalcustomers
Intersegment
sales or
－
－
5,094
2,534
409
4,186
52
12,277 (12,277)
transfers
Total
143,636
67,793
12,59821,3355,997
721 252,083 (12,277)
239,805
Segment income(4,492)
4,636
847
345
323
(297)
1,363
(896)
467
or (loss)
Note 1. “Segment income or (loss)” adjustment of (¥896) million refers to elimination of intersegment transactions.
Note 2. “Segment income or (loss)” is adjusted with operating income in the quarterly consolidated statements of income.

2. Information on impairment loss on fixed assets and goodwill, etc. by reporting segment
Significant impairment loss on fixed assets:
As a result of examining the recoverability of construction in progress in the “Environment andEnergy” segment, the book value was reduced to the recoverable amount, and the amount of the
reduction was recorded as an impairment loss under extraordinary losses.
In the period under review, the amount for this impairment loss was ¥2,042 million.
Significant change in the amount of goodwill:In the “Overseas Group Companies” segment, the Company acquired additional shares of PT
Tatamulia Nusantara Indah, the affiliated company accounted for by the equity-method, during thesecond quarter ended September 30, 2022, and converted it into a consolidated subsidiary. In the
period under review, an increase in the amount of good will resulting from this event was ¥1,112
million.
12

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

II. For the six months ended September 30, 2023 (April 1, 2023 through September 30, 2023)
1. Information on sales and income or loss by reporting segment
Reporting Segment
Domestic
Overseas Environment
Domestic
Investment
Architectural
Civil
and
Group
Group
and
Construction Engineering
EnergyCompanies Companies
Development

Total(Millions of yen)Amountrecorded inquarterly
Adjustment
consolidated(Note 1)statements ofincome(Note 2)

Net sales
Sales to－130,193
51,1494,500
20,76723,082635 230,329
230,329
externalcustomers
Intersegment
sales or
－
9,526
3,207
432
2,016
87
17
15,287 (15,287)
transfers
Total
139,720
54,356
4,933
22,784
23,169652 245,616 (15,287)
230,329
Segment income
(574)
2,456
674
718
727
(191)
3,810
(629)
3,180
or (loss)
Note 1. “Segment income or (loss)” adjustment of (¥629) million refers to elimination of intersegment transactions.
Note 2. “Segment income or (loss)” is adjusted with operating income in the quarterly consolidated statements of income.

2. Information on impairment loss on fixed assets and goodwill, etc. by reporting segment
Not applicable.
3. Matters related to changes in reporting segments, etc.
Change in segment classification:
Effective from the first quarter of the current consolidated fiscal year, the Group has changed its
reporting segments from the previous six segments of “Architectural Construction”, “Civil
Engineering”, “Domestic Investment and Development”, “Domestic Group Companies”, “Overseas
Investment and Development”, and “Environment and Energy” to six segments of “Architectural
Construction”, “Civil Engineering”, “Domestic Investment and Development”, “Domestic Group
Companies”, “Overseas Group Companies”, and “Environment and Energy”. The change was madeto align the classification of reporting segments with the classification of business performance targets
reorganized as a result of changes in the organizational structure to promote priority managementbusinesses set forth in the “Medium-Term Management Plan 2024 Rolling Plan” and the classificationof business reports in the monthly report materials of the Board of Directors. The “Segment
Information” for the second quarter of the previous fiscal year is presented based on the new
segmentation.
Change in the method of measuring segment income (loss):
Effective from the first quarter of the current consolidated fiscal year, the Group has changed theallocation method of administrative expenses, etc., in order to evaluate the performance of segments
more appropriately in accordance with the above change in segment classifications. “The segment
information” for the six months ended September 30, 2022 has been prepared in accordance with the
new measurement method of income or loss.

13

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Significant Subsequent Events
Acquisition of own shares:
At the Board of Directors Meeting held on November 13, 2023, the Company has resolved the mattersrelating to acquisition of its own shares in accordance with Article 156 of the Companies Act, applied byreplacing terms pursuant to the provisions of Article 165, paragraph 3 of said Act.
1. The reason for acquisition of own shares
To enhance shareholder returns and implement flexible capital policy.
2. Details of matters relating to the acquisition(1)
Type of shares to be acquired:(2)
Total number of shares to beacquired:
(3)
(4)
(5)

The Company’s common stock
7,500,000 shares (upper limit)(Equivalent to 2.4% of total number of shares issued
excluding own shares)
5,000,000,000 yen (upper limit)
November 14, 2023 through November 13, 2024
Market purchases on the Tokyo Stock Exchange

Total amount of acquisition:
Acquisition period:
Acquisition method:

Introduction of post-delivery type stock grant program for Employee Shareholding Association:
At the Board of Directors Meeting held on November 13, 2023, the Company has resolved to introduce ascheme to grant post-delivery type stock to its employees through the TODA CORPORATION Employee
Shareholding Association (the “Shareholding Association”) as an incentive program for employees (the“Program”).
1. Purpose of introducing the Program
The Company has been offering incentives to employees who participate in the Shareholding Association
for the purpose of building their wealth and motivating them to work through the ownership of theCompany's common stock, and will now introduce the Program to further promote this concept.
The introduction of the Program is intended to provide employees with an opportunity to acquire sharesof the Company's common stock through the Shareholding Association, thereby sharing shareholder value
over the medium- to long-term, contributing to medium- to long-term improvements in the Company's
business performance and corporate value, and providing incentives to motivate employees to continue
working for the Company.
2. Outline of the Program(1) Eligible persons(2) When to grant(3) Eligible period(4) Number of shares granted per person(5) Expected number of eligible persons(6) Number of shares allocated

The Shareholding Association participants who madecontinuous contributions and did not make any
withdrawals during the eligible period (one year).
* Inactive Shareholding Association participants, those
who have withdrawn from the Shareholding Association
for personal reasons, and those who reside overseas are
not eligible.
Scheduled for March after the end of the eligible period(one year).
January 1, 2024 to December 31, 2024
150 shares.
Maximum 4,200.
The maximum total number of shares allocated to the
Shareholding Association is 630,000.

Under the Program, the Company shall grant points to employees who are the Shareholding Association
participants and have agreed to the Program (the “Eligible Employees”) after the end of the eligible period aspredetermined by the Company. After the points are granted, the Company shall provide a monetary claim
to the Eligible Employee as a special stock incentive for the grant of shares of the Company's common stock(the “Special Stock Incentive”), and the Eligible Employee shall contribute the Special Stock Incentive to the
Shareholding Association.
14

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

The Shareholding Association shall make an in-kind contribution to the Company of the Special Stock
Incentive contributed by the Eligible Employees, and the Company shall allot shares of the Company's
common stock by means of issuance of new shares or disposal of own shares. The number of shares to be
allotted may be reasonably adjusted in the event of unavoidable circumstances requiring adjustments of thenumber of shares, such as a stock split, gratis allotment of shares, or consolidation of shares of theCompany's common stock.
The allocation and management of the shareholdings in the Shareholding Association to be allocated shallbe conducted through Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., the administrative agent of the
Shareholding Association.

15

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

3. (Reference) Non-consolidated Financial Statements(1) (Reference) Non-consolidated Balance Sheets(Millions of yen)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivablefrom completed construction contracts,
etc.
Real estate for sale
Costs on uncompleted construction
contracts
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, vehicles, tools, furnitureand fixtures, net
Land
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Prepaid pension cost
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

16

As of March 31, 2023

As of September 30, 2023

62,310253,226

51,753
165,3318,295
13,457

13,69322,0382,387
21,853(1,508)360,022

5,405
16,971(946)
274,247

43,332
2,149

43,824
1,967

76,030101
19,359140,974
10,132

76,05598
28,974150,920
9,871

216,598
11,847
2,138
3,120
(143)
233,561
384,667
744,689

232,427
18,959
1,837
4,198
(186)
257,236
418,027
692,275

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(Millions of yen)
As of March 31, 2023 As of Sept 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of bonds payable
Income taxes payable
Advances received on uncompleted construction contracts
Provision for bonuses
Provision for warranties for completed construction
Provision for loss on construction contracts
Deposits received
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits
Provision for stock payments for directors
Provision for loss on business of subsidiaries and affiliates
Asset retirement obligations
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for construction
General reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

17

95,37277,001
5,000
5,528
27,555
4,587
3,128
9,195
35,714
16,329279,41259,64332,8085,000
1,787
47,182
4,308
3,407
7,061
40,81015,552
217,562

50,00072,48618,126
6,069
20,665
465
1,706
446
4,028
173,995
453,408

50,00065,234
23,212
6,069
21,175
550
827
437
4,319
171,827
389,390

23,001

23,001

25,573574
26,14725,573574
26,147

5,750

5,750

50,000109,774
8,250
173,775(7,625)215,299

50,000109,774
8,202
173,727(7,586)215,290

72,782111
3,087
75,981
291,281744,689

83,848658
3,087
87,594
302,884
692,275

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(2) (Reference) Non-consolidated Statements of Income
Six Months Ended
September 30, 2022

(Millions of yen)
Six Months Ended
September 30, 2023

(April 1 through Sept 30, 2022)(April 1 through Sept 30, 2023)

204,169
12,273

181,349
4,597

216,442

185,947

188,992
10,561

164,430
3,042

199,553

167,472

15,177
1,712

16,9191,555

16,88916,724

18,474
17,370

164
3,332
533
2,963
1,124
2,917
1,170
364
806

1,103
3,626
682
4,047
2,318
346
6,019
1,848
4,171

Net sales
Net sales of construction contracts
Net sales of investment development
business and otherTotal net sales
Cost of sales
Cost of sales of construction contracts
Cost of sales of investment
development business and otherTotal cost of sales
Gross profit
Gross profit on construction contracts
Gross profit on investment development
business and otherTotal gross profit
Selling, general and administrative
expenses
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary income
Extraordinary loss
Profit before income taxes
Income taxes
Profit18

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

4. Supplementary Information(1) Summary of Consolidated Results and Forecasts(Millions of yen)Six months period from April
Y-o-Y
FY2022 FY2023(b)-(a)Full year
Y-o-Y(b)-(a)FY2022

FY2023

Actual(a)

Initialforecasts(b)

AmountPercentage(%)

Actual(a)

Actual(b)

AmountPercentage(%)

Net sales

239,805

230,329(9,476)(4.0)

547,155

540,000(7,155)(1.3)

Construction Business

203,800

181,342(22,457)(11.0)

446,546

420,000(26,546)(5.9)

Architectural
Construction

138,541

130,193(8,348)(6.0)

320,623

290,000(30,623)(9.6)

Civil Engineering

65,25851,149(14,109)(21.6)

125,923

130,000

4,076

3.2

12,1894,500(7,688)(63.1)

18,731

20,000

1,268

6.8

17,14920,767

3,618

21.1

42,49846,000

3,501

8.2

5,945

23,082

17,137288.3

37,83752,00014,162

37.4

Environment and Energy

721

635

(86)

(11.9)

1,541

2,000

458

29.7

Gross profit

19,82924,603

4,774

24.1

57,32366,000

8,676

15.1

8.3 %

10.7 %

10.5 %

12.2 %

SG&A expenses

19,361

21,422

2,060

10.6

43,18850,000

6,811

15.8

Operating income

467

3,180

2,713

580.6

14,13516,000

1,864

13.2

Non-operating income

3,282

5,063

1,780

54.3

4,904

3,500

(1,404)(28.6)

Ordinary income

3,749

8,243

4,494

119.9

19,03919,500460

2.4Extraordinary income

84

885

801

951.6

(1,141)

10,00011,141-

Profit before income taxes

3,833

9,129

5,295

138.1

17,89729,50011,60264.8

Income taxes

683

3,859

3,175

464.9

6,690

10,000

3,309

49.5

Profit for the quarter

3,150

5,270

2,119

67.3

11,207

19,500

8,292

74.0

Profit attributable tonon-controlling interests

(50)

60

111

-

211

-

(211)

-

Profit attributable toowners of the parent

3,201

5,209

2,007

62.7

10,995

19,500

8,504

77.3

Domestic Investment andDevelopment
Domestic Group
Companies
Overseas Group
Companies

Profit margin

Note: Net sales are based on business segment classifications, and internal transactions are eliminated.

19

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(2) Summary of Non-consolidated Results and Forecasts(Millions of yen)
Full year

Six months period from April
Y-o-Y
FY2022
FY2023(b)-(a)Y-o-Y(b)-(a)FY2022

FY2023

Percentage(%)

Actual (a)Initialforecasts(b)

AmountPercentage(%)

Actual(a)

Actual(b)

AmountOrders received

195,178

158,297(36,880)(18.9)

445,591

480,000

34,408

7.7

Construction Business

182,905

153,700(29,204)(16.0)

426,702460,000

33,297

7.8

121,752

113,423(8,329)(6.8)

286,144

339,000

52,85518.5

61,39240,053(21,338)(34.8)

141,662

119,000(22,662)(16.0)

Overseas

(239)

223

463

-

(1,104)

2,000

3,104

-

Investment and Development

12,273

4,597(7,675)(62.5)

18,88820,0001,111

5.9

Net sales

216,442

185,947(30,495)(14.1)

465,451

440,000(25,451)(5.5)

Construction Business

204,169

181,349(22,819)(11.2)

446,563420,000(26,563)(5.9)

137,584

129,733(7,850)(5.7)

318,574

289,000(29,574)(9.3)

65,795

51,149(14,646)(22.3)

126,035

129,700

3,664

2.9

Overseas

789

466

(322)

(40.9)

1,953

1,300

(653)

(33.5)

Investment and Development

12,273

4,597(7,675)(62.5)

18,88820,0001,111

5.9

Gross profit

16,88918,474

1,585

9.4

46,28053,500

7,219

15.6

9.9 %

12.2 %

1,742

11.5

40,65947,000

6,340

15.6

9.1 %

11.2 %

20,11825,950

5,831

29.0

6.3 %

9.0 %

21,026

20,970

(56)

(0.3)

16.7 %

16.2 %

(485)

80

565

-

878

15.6

Domestic Architectural
Construction
Domestic
Civil Engineering

Domestic Architectural
Construction
Domestic
Civil Engineering

Profit margin

7.8 %

9.9 %

15,177

16,919

7.4 %

9.3 %

Domestic Architectural
Construction

5,333

9,498

3.9 %

7.3 %

Domestic
Civil Engineering

10,116

7,565

15.4 %

14.8 %

(272)

(145)

(34.6 %)

(31.1 %)

1,712

1,555

13.9 %

33.8 %

SG&A expenses

16,724

17,370645Operating income

164

1,103

Non-operating income

2,799

Ordinary income

Construction Business

Overseas

4,165(2,551)

78.1(25.2)

127

-

(157)

(9.2)

(24.9 %)

6.2 %

5,621

6,500

29.8 %

32.5 %

3.9

36,75541,000

4,244

11.5

939

571.5

9,524

12,500

2,975

31.2

2,943

144

5.2

4,064

3,500

(564)

(13.9)

2,963

4,047

1,084

36.6

13,58916,000

2,410

17.7

Extraordinary income(1,792)

1,971

3,764

-

(2,755)

10,00012,755-

Profit before income taxes

1,170

6,019

4,848

414.2

10,83326,00015,166140.0

Income taxes

364

1,848

1,484

407.7

4,210

7,800

3,589

85.3

Profit

806

4,171

3,364

417.1

6,623

18,20011,576

174.8

Dividend per share (yen)

13.5

14.0

0.5

3.7

27.0

28.0

1.0

3.7

Investment and Development

Note: The quarterly financial statements have been prepared in accordance with the rules for quarterly financial statements but are notsubject to review in the statutory disclosure.

20

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(3) Orders Received, Net Sales and Balance Brought Forward (Non-consolidated)
1) Orders Received(Millions of yen)Six months period
From April 1, 2022
to Sept 30, 2022
Amount Ratio (%)
14,836
7.6
106,916
54.8
58
0.0

Six months period
From April 1, 2023
to Sept 30, 2023
Amount Ratio (%)
30,475
19.3
82,947
52.4
223
0.1

Total

121,81062.4

113,64671.8(8,163)(6.7)

286,367

64.3

Domestic Public-Sector
Domestic Private-Sector
Overseas

36,24425,148
(297)

18.6
12.9
(0.2)

29,381
10,671
－

18.6
6.7
－

(6,862)(14,476)297(18.9)(57.6)－

110,237
31,425(1,327)

24.7
7.1
(0.3)

Total

61,09431.3

40,05325.3(21,040)(34.4)

140,335

31.5

51,080132,064(239)
182,905
12,20864
195,178

26.2
67.7
(0.1)
93.7
6.3
0.0
100.0

59,857
93,619223
153,700
4,559
38
158,297

37.8
59.1
0.1
97.1
2.9
0.0
100.0

8,776
(38,444)463(29,204)(7,649)(26)(36,880)

17.2(29.1)－(16.0)(62.7)(40.8)(18.9)

150,846
276,960(1,104)
426,702
18,771
116
445,591

33.9
62.2
(0.2)
95.8
4.2
0.0
100.0

Business segment/
Classification

Architectural
Civil
Total
Construction Engineering
Construction Business

Domestic Public-Sector
Domestic Private-Sector
Overseas

Domestic Public-Sector
Domestic Private-Sector
Overseas
Total
Domestic Investment andEnvironment and Energy
Total

ChangeAmount Ratio (%)
15,639105.4(23,968)(22.4)
165285.1

2) Net Sales

Previous fiscal year
From April 1, 2022
to March 31, 2023
Amount Ratio (%)
40,6089.1
245,535
55.1
222
0.0

(Millions of yen)

Business segment/
Classification

Civil
Architectural
Total
Construction Engineering
Construction Business

Domestic Public-Sector
Domestic Private-Sector
Overseas
Total

Domestic Public-Sector
Domestic Private-Sector
Overseas
Total
Domestic Public-Sector
Domestic Private-Sector
Overseas
Total
Domestic Investment andEnvironment and Energy
Total

Six months period
From April 1, 2022
to Sept 30, 2022
Amount Ratio (%)
25,474
11.8
112,109
51.8
965
0.4

Six months period
From April 1, 2023
to Sept 30, 2023
Amount Ratio (%)
16,3188.8
113,414
61.0
466
0.3

138,55064.0

130,200

70.0(8,349)(6.0)

320,63968.9

42,77623,018(176)
65,61968,251
135,128789
204,169
12,20864
216,442

19.8
10.6
(0.1)
30.3
31.5
62.4
0.4
94.3
5.6
0.0
100.0

39,21911,929－51,14955,538125,344466
181,349
4,559
38
185,947

21.1
6.4
－
27.5
29.9
67.4
0.3
97.5
2.5
0.0
100.0

(3,557)(11,088)176(14,469)(12,713)(9,784)(322)(22,819)(7,649)(26)(30,495)(8.3)(48.2)－(22.1)(18.6)(7.2)(40.9)(11.2)(62.7)(40.8)(14.1)

84,80741,228(112)
125,923
145,466
299,1421,953
446,563
18,771
116
465,451

18.2
8.9
(0.0)
27.1
31.3
64.3
0.4
95.9
4.0
0.0
100.0

ChangeAmount Ratio (%)(9,155)(35.9)
1,304
1.2
(498)
(51.7)

3) Balance Brought Forward
Business segment/
Classification

Architectural
Civil
Total
Construction Engineering
Construction Business

Domestic Public-Sector
Domestic Private-Sector
Overseas

Previous fiscal year
From April 1, 2022
to March 31, 2023
Amount Ratio (%)
60,65913.0
257,914
55.4
2,065
0.4

(Millions of yen)

FY2022 2Q
As of Sept 30, 2022
Amount Ratio (%)
90,12012.6
365,317
50.9
1,485
0.2

FY2023 2Q
As of Sept 30, 2023
Amount Ratio (%)
94,864
13.7
327,665
47.4
306
0.0

Previous fiscal year
As of March 31, 2022
Amount Ratio (%) Amount Ratio (%)
4,743
5.3
80,707
11.2(37,651)(10.3)
358,13249.8(1,178)(79.4)
549
0.1
ChangeTotal

456,923

63.7

422,83661.2(34,086)(7.5)

439,390

61.1

Domestic Public-Sector
Domestic Private-Sector
Overseas

170,32188,919
1,093

23.7
12.4
0.2

193,568
74,608
－

28.0
10.8
－

23,246(14,311)(1,093)

13.6(16.1)－

203,405
75,866
－

28.3
10.6
－

Total

260,335

36.3

268,176

38.8

7,841

3.0

279,27238.9

260,442454,237
2,579
717,258－－
717,258

36.3
63.3
0.4
100.0
－
－
100.0

288,432
402,274306
691,013－－
691,013

41.7
58.2
0.0
100.0
－
－
100.0

27,990(51,963)(2,272)(26,245)－－(26,245)

10.7(11.4)(88.1)
(3.7)
－
－
(3.7)

284,113433,998549
718,662－－
718,662

39.5
60.4
0.1
100.0
－
－
100.0

Domestic Public-Sector
Domestic Private-Sector
Overseas
Total
Domestic Investment andEnvironment and Energy
Total

21

TODA CORPORATION (1860)
Consolidated Financial Results for the Second Quarter Ended September 30, 2023

(4) Main Orders Received, Completed Construction and Carryover Works for the Period under Review
1) Orders Received
Ordering Parties
Name of Works
Kushiro City
Kushiro City General Hospital New Tower Construction
KOKUBU GROUP CORP.
(Tentative name) KOKUBU No.2 Head Office Building New
Construction Plan
Tokyo Metropolitan Government
Tokyo International Forum (5) Renovation Work
(Medical Corporation) Kensuikai
Medical Corporation Kensuikai Takanedai Hospital, Asahinosato
Relocation and New Construction WorkTokyo Metropolitan Government
Tokyo International Exhibition Center (5) Conference Tower andWest Exhibition Hall Renovation Work
Fukuoka Prefecture
Fukuoka Budokan New Construction
Ministry of Land, Infrastructure,
Reiwa 5 Shitara Dam Construction 1st Phase Work
Transportation and Tourism, Chubu
Regional Development Bureau
Ministry of the Environment
Restoration of Temporary Storage Facilities under theJurisdiction of Hamadori Kita Branch Office from Reiwa 5-6
Yokohama City
Daiichi Totsuka Line 1200mm Caliber Water Distribution Pipe
Renewal Work
Akita City
Niida Water Filtration Plant Intake and Water Conduction
Facility Improvement Work
2) Completed Construction
Ordering Parties
Toyo University
Yasuda Real Estate Co.
Nagareyama Sogo Kaihatsu N SPC
Chiba Prefecture
Miyuki Building Co., Ltd.
Dohoku Furyoku LC
Agatsuma Kogen Wind Farm LC
Shiga Prefecture
Ministry of Land, Infrastructure,
Transport and Tourism, Kanto Regional
Development Bureau
3) Carryover Works
Ordering Parties
Shibuya Station Sakuragaoka Exit
District Redevelopment Association
St. Marianna University School of
Medicine
Maishima Development SPC
JAPANET HOLDINGS Co., Ltd.
Lam SPC
Ogawa Station West Exit Area Urban
Redevelopment Association
Ministry of Land, Infrastructure,
Transport and Tourism, Kanto Regional
Development BureauWest Nippon Expressway Company Ltd
Central Nippon Expressway Company
Ltd
Tokyo Metropolitan Government

Name of Works
Akabanedai Campus New Building Construction Work (Site C)
Former Kyoto City Ueyanagi Elementary School Site Utilization
Plan
GLP ALFALINK Nagareyama 4 Project(Tentative name) Chiba Comprehensive Emergency and Disaster
Medical Center Construction Work
(Tentative name) Kanda Miyuki Building Reconstruction Work
North Hokkaido Wind Power Generation Project KawaminamiWind Farm Construction Work
Agatsuma Kogen Wind Power Generation Plant Construction
Work
Hara-Matsubara Line Supplementary Urban Planning Street
Work
R2 Route 51 Jingu Bridge Replacement Kashima-Side Bridge
Substructure Construction Work

Name of Works
Shibuya Station Sakuragaoka Exit Construction Work
Associated with Type 1 Urban Revitalization Project
St. Marianna University School of Medicine Sugao Campus
Renewal Plan
(Tentative name) DPL Osaka Maishima New Construction Work
Nagasaki Stadium City Projects (II, III Sections)
ESR OS1 Data Center New Construction Work
Ogawa Station West Exit Area Type 1 Urban Redevelopment
Project
Yokohama Shonan Road Tunnel Work
Shin-Meishin Expressway Ujitawara Tunnel East WorkTokyo Outer Ring Road Main Line Tunnel (North Bound) Tomei
North Work
Johoku Chuo Park Detention Pond (Phase 1) Work 2

Completed construction and carryover works are presented on a delivery basis.
22