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, 2022
[Japanese GAAP]
November 11, 2022
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: Kaname Miwa
Corporate Officer General Manager,Financial&IR Div.
Phone: 03-3535-1357
Scheduled date of filing quarterly securities report: November 11, 2022
Scheduled date of commencing dividend payments: December 09, 2022
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, 2022 (April 01, 2022 to September 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Six months ended
239,805
1.8
467(94.6)
3,749(65.0)
3,201(57.6)
September 30, 2022
235,574
9.8
8,598
40.8
10,701
44.2
7,543
69.7
September 30, 2021
(Note) Comprehensive income:Six months ended September 30, 2022:\4,410 million[ (65.2) %]Six months ended September 30, 2021: \12,662 million[ (12.1) %]Basic earnings
per share
Six months ended
September 30, 2022
September 30, 2021

Diluted earnings per
share
Yen

Yen

10.39
24.60

-

(2) Consolidated Financial Position
Total assets

Net assets

As ofMillion yen
Million yen
September 30, 2022
732,498
322,685
March 31, 2022
761,199
319,042(Reference) Equity: As of September 30, 2022: ¥315,960 million
As of March 31, 2022:¥316,574 million

Capital adequacy ratio
%

43.1
41.6

2. Dividends
Annual dividends
2ndquarter-end

1stquarter-end

3rdquarter-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

10.00

-

16.00

26.00

Fiscal year ending March 31, 2023

-

13.50
-

13.50

27.00

Fiscal year ending March 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Million yen

Full year
540,000
7.7
12,600 (48.3)
16,700(Note) Revision to the financial results forecast announced most recently: No%(40.6)

Million yen

14,700%(20.8)

Yen

47.69* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
New １ (Company name: PT Tatamulia Nusantara Indah)(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
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, 2022: 322,656,796 shares
March 31, 2022:
322,656,796 shares2) Total number of treasury shares at the end of the period:
September 30, 2022: 14,426,400 shares
March 31, 2022:
14,440,349 shares
3) Average number of shares during the period:
Six months ended September 30, 2022: 308,218,645 shares
Six months ended September 30, 2021: 306,648,501 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, 2022

―1―

1. Qualitative Information on Consolidated Financial Results for the Six Months Ended September 30, 2022
(1) Explanation of Operating Results
During the six months ended September 30, 2022 (hereinafter “the period under review”), the Japanese economy
was affected by the spread of COVID-19 infections; however, it showed signs of recovery as a whole with theprogress in normalization of social and economic activities following the lifting of behavioral restrictions.
In the construction industry, while orders from the public sector declined year on year, those from the private sector
increased. However, with rapid yen depreciation and soaring material costs, we anticipate that the economic outlook
will remain uncertain.
The Toda Group announced in May 2022 the Medium-term Management Plan 2024 – Rolling Plan. While evolving
the value that we provide to customers in each of our core operations, namely, the architectural construction, civilengineering and strategic businesses, we position the New Toda Building project, overseas business and renewableenergy projects, such as the floating offshore wind power generation business, as priority management initiatives. By
making investments for future growth in these businesses, the Group has been strengthening its business portfolio.
During the period under review, we continued investments for future growth with an active involvement by the top
management, aiming for mid- to long-term growth. While promoting investments for future growth, we look toachieve 8% in return on equity (ROE) in the medium to long term. To that end, internal rate of return (IRR), capital
cost and other indicators are used to manage the post-investment profitability, thereby working to enhance theinvestment process.
Under these circumstances, the Toda Group’s consolidated results for the period under review were as follows.
Consolidated net sales increased 1.8% year on year to ¥239.8 billion, mainly owing to an increase in sales fromour domestic Group companies business.
In terms of operating income, gross profit decreased by 22.7% year on year to ¥19.8 billion. This is mainly because
in the architectural construction business, the material prices such as steel frames, etc. have risen due to changes in
the market environment. As a result, provision for loss on construction contracts was recorded for several projects,
while gross profit of the Company’s civil engineering business increased due to improved work profitability. Selling,
general and administrative expenses were ¥19.3 billion, an increase of 13.5% year on year, resulting in operating
income of ¥0.4 billion, a decrease of 94.6% year on year.
Ordinary income decreased by 65.0% year on year to ¥3.7 billion, despite an increase in non-operating income
with a solid contribution from dividend income on investment securities, foreign exchange gains and other factors.
Profit attributable to owners of the parent decreased to ¥3.2 billion, a 57.6% decrease year on year.
The results for each segment are as follows. Segment results are presented including intersegment sales andtransfers.
From the first quarter ended June 30, 2022, the Group has changed the way it presents its reportable segments,
with year-on-year comparisons and analyses now made using these changed segment classifications. For details,
please refer to “2. Consolidated Financial Statements and Principal Notes (4) Notes to Quarterly Consolidated
Financial Statements (Segment Information, etc.) II Six months ended September 30, 2022, 3. Matters pertaining tochanges in reportable segments, etc.”
Architectural Construction Business
The segment recorded net sales of ¥148.2 billion, down 0.4% year on year. Segment loss (operating loss) came to¥4.7 billion, compared to segment income of ¥3.7 billion in the previous corresponding period.
On a non-consolidated basis, overall orders received decreased 1.2% year on year to ¥121.8 billion, as orders
from the domestic public sector declined 28.6% year on year, despite an increase in orders from the private sector
in Japan of 6.2%.
Civil Engineering Business
The segment recorded net sales of ¥67.7 billion, up 0.1% year on year, and segment income (operating income) of¥4.7 billion, an increase of 20.1% year on year.
On a non-consolidated basis, overall orders received increased 13.9% year on year to ¥61.0 billion, as orders
from Japan’s public sector increased 36.7% year on year, despite a decrease in orders from the private sector ofJapan of 6.2%.

―2―

Domestic Investment and Development Business
The segment recorded net sales of ¥12.5 billion, up 7.2% year on year, and segment income (operating income) of¥0.8 billion, down 20.7% year on year.
Domestic Group Companies Business
The segment recorded net sales of ¥21.3 billion, up 41.3% year on year, and segment income (operating income)of ¥0.3 billion, down 4.0% year on year.
Overseas Investment and Development Business
The segment recorded net sales of ¥1.3 billion, up 11.9% year on year, and segment income (operating income) of¥0.3 billion, down 2.3% year on year.
Environment and Energy Business
The segment recorded net sales of ¥0.7 billion, compared to net sales of ¥60 million in the previous corresponding
period. The segment recorded a segment loss (operating loss) of ¥0.2 billion, compared to segment loss of ¥0.5
billion in the previous corresponding period.
(2) Explanation of Financial Position
1) Assets, Liabilities and Net Assets
AssetsTotal assets as of September 30, 2022 were ¥732.4 billion, down 3.8%, or a ¥28.7 billion decrease from the end of
the previous fiscal year. The decrease mainly reflects decreases of ¥41.7 billion in cash and deposits and ¥9.4
billion in short-term investment securities, despite increases of ¥10.8 billion in notes and accounts receivable trade, ¥7.0 billion in costs on uncompleted construction contracts and ¥6.9 billion in construction in progress.
Liabilities
Total liabilities as of September 30, 2022 were ¥409.8 billion, down 7.3%, or a ¥32.3 billion decrease from theend of the previous fiscal year. The major contributors to this decrease were decreases in notes and accounts
payable - trade of ¥7.4 billion, short-term loans payable of ¥12.5 billion, commercial papers-liabilities of ¥20.0
billion and income taxes payable of ¥5.0 billion, despite increases of ¥6.8 billion in advances received on
uncompleted construction contracts and ¥6.6 billion in provision for loss on construction contracts.
Net Assets
Total net assets as of September 30, 2022, were ¥322.6 billion, up 1.1%, or a ¥3.6 billion increase from theend of the previous fiscal year, mainly due to the recording of ¥3.2 billion in profit attributable to owners of
the parent and an increase of ¥1.6 billion in foreign currency translation adjustment accompanying the
progress in yen depreciation. The equity capital ratio was 43.1%.
2) Cash Flows
Cash and cash equivalents (hereinafter “cash”) at the end of the period under review totaled ¥77.7 billion, down
¥51.5 billion compared to the end of the previous fiscal year.
Cash Flows from Operating Activities
Net cash used in operating activities came to ¥8.3 billion, compared with net cash provided in the previous
corresponding period totaling ¥30.5 billion. The main outflows were a decrease in notes and accounts payable trade of ¥13.4 billion and a decrease in income taxes paid of ¥5.9 billion, and inflows were profit before income
taxes and non-controlling interests of ¥3.8 billion, depreciation and amortization of ¥2.9 billion, impairment lossof ¥2.0 billion, a decrease in notes and accounts receivable - trade of ¥4.5 billion and decreased real estate for saleof ¥1.8 billion.
Cash Flows from Investing Activities
Net cash used in investing activities was ¥12.0 billion, compared with the ¥7.4 billion used in the previous
corresponding period. The main outflows were purchase of property, plant and equipment totaling ¥12.7 billion,
purchase of investment securities amounting to ¥0.9 billion, and purchase of shares of subsidiaries of ¥0.9 billion.
The main inflows were ¥1.4 billion in proceeds from sales of property, plant and equipment and ¥1.4 billion inproceeds from sales and redemption of investment securities.

―3―

Cash Flows from Financing Activities
Net cash used in financing activities totaled ¥32.2 billion, compared with net cash used in the previous
corresponding period totaling ¥23.0 billion. The main outflows were ¥10.1 billion in repayments of short-termloans payable, ¥20.0 billion in redemption of commercial paper, ¥5.0 billion in redemption of bonds and ¥4.9
billion in cash dividends paid. The main inflow was ¥10.0 billion in proceeds from issuance of bonds.
(3) Explanation of Consolidated Results Forecasts and Other Forward-looking Information
Outline of Revised Results Forecasts
As provided in “Notice Concerning of Revised forecasts” announced on October 31, 2022, the consolidated results
forecasts for the fiscal year ending March 31, 2023 have been revised as follows: net sales of ¥540.0 billion (up ¥20.0
billion from the initial forecast), operating income of ¥12.6 billion (down ¥7.9 billion from the initial forecast),
ordinary income of ¥16.7 billion (down ¥6.2 billion from the initial forecast) and profit attributable to owners of theparent of ¥14.7 billion (down ¥4.1 billion from the initial forecast).
In addition, as provided in the notice mentioned above, the non-consolidated results forecasts for the fiscal year
ending March 31, 2023 have also been revised as follows: net sales of ¥463.5 billion (up ¥4.5 billion from the initial
forecast), operating income of ¥9.3 billion (down ¥7.8 billion from the initial forecast), ordinary income of ¥13.0
billion (down ¥6.7 billion from the initial forecast) and profit of ¥12.3 billion (down ¥4.6 billion from the initial
forecast).
The initial forecasts for the consolidated and non-consolidated results were announced on May 13, 2022.
Reasons for the Revision in the Results Forecasts
The material prices such as steel frames, etc. have risen due to changes in the market environment. As a result, theconstruction costs increased in several projects in the Company’s domestic construction business. In response,
operating income in the non-consolidated results forecast for the fiscal year ending March 31, 2023 is expected todecrease by ¥7.8 billion from the initial forecast to ¥9.3 billion. This is due to recording provision for loss on
construction contracts in the second quarter of this fiscal year for several projects in the domestic building
construction business. Profit in the non-consolidated results forecast for the fiscal year ending March 31, 2023 is
expected to decrease by ¥4.6 billion from the initial forecast to ¥12.3 billion. This is because extraordinary loss, suchas impairment loss, is projected to increase, despite an increase in gain on sales of investment securities for the fullfiscal year, which is expected to surpass the initial forecast and amount to ¥9.1 billion, in accordance with our policies
regarding the reduction of cross-shareholdings. Regarding the increase in construction costs mentioned above, theCompany will continue to seriously discuss additional contract for price increase and VE (value engineering) proposal
with customers.
As of August 1, 2022, the Company established the “Cost Control Center” and built a system to centrally manage
estimate and procurement information for all branches. Furthermore, the Company will strengthen its cost control
system by appropriately taking into account the risk of price increases at the estimate stage.
The consolidated results forecast has been revised in conjunction with the revisions made in the non-consolidated
results forecast above.
Dividend Forecast associated with the Revised Results Forecasts
The Company’s basic policy is to distribute profit based on business results and the business environment after
giving consideration to the provision of continuous and stable dividends to shareholders and the need to securesufficient retained earnings essential for improving the Company’s competitiveness and its financial position.
Although the consolidated results forecast has been revised downward, we plan to keep a dividend of ¥27 per share(including an interim dividend ¥13.5 per share) for the fiscal year ending March 31, 2023 as planned, from theperspective of maintaining a dividend on equity (DOE) at 2.5% or more.
Shareholder
FY2021 Actual
FY2022 Forecast
Return Policy(As of March 31, 2022)(As of March 31, 2023)
DOE
2.5% or more
2.6%
2.6%
Total return ratio
40.0% or more
43.0%
57.1%
* DOE (dividend on equity) = Dividends amount ÷ Equity capital* Total return ratio= Total return to shareholders (Dividends amount + Total amount of treasury stock acquired)÷ Profit attributable to owners of the parent―4―2. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits

As of September 30, 2022

Other
Allowance for doubtful accounts

120,538
208,892
10,300
8,301
9,680
5,124
24,887(1,188)78,818219,742
800
8,306
16,7793,039
24,748(2,848)

Total current assets

386,536

349,386

47,91250,915

11,01912,39787,65259
15,29489,538123
22,289161,938

175,263701
11,255

1,705
10,848

11,956

12,554

Other
Allowance for doubtful accounts

192,650
817
2,129
677
4,585
(91)

186,896
830
1,797
735
5,124
(90)

Total investments and other assets

200,768

195,294374,663

383,112761,199

732,498

Notes and accounts receivable - trade
Short-term investment securities
Real estate for sale
Costs on uncompleted construction contracts
Other inventories

Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, vehicles, tools, furniture andfixtures, 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

Total noncurrent assets
Total assets―5―

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Commercial papers-liabilities
Current portion of bonds payable

As of September 30, 2022

97,72859,96920,00015,1906,175

90,31447,408
10,1701,105

28,36935,234

6,071

4,069

3,819

3,409

Other

2,666
38,465
20,6609,297
36,943
16,758

Total current liabilities

299,116

254,71145,24555,22038,991
22,690
6,124
239
240

39,89822,885
6,110
86
332

1,193

1,170

Other

21,8492,207
4,258

22,945
2,227
4,222

Total noncurrent liabilities

143,041

155,100

442,157

409,812

Treasury stock

23,001
26,457
199,155(8,462)

23,001
26,625
197,307(8,626)

Total shareholders’ equity

240,152

238,308

73,43572,972

385
3,073
(391)
(81)

364
3,180
1,267
(132)

76,421

77,651

2,467

6,725

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

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

Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains on hedges
Revaluation reserve for land
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets―6―

319,042

322,685

761,199

732,498

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Six Months ended September 30, 2021 and 2022
Six Months ended
September 30, 2021
(April 1 through Sept. 30, 2021)(Millions of yen)
Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)

220,370

222,724

15,20417,080235,574

239,805

197,655

205,544

12,265

14,431

209,920

219,976

22,714

17,180

2,939

2,648

25,653

19,829Selling, general and administrative expenses

17,054

19,361

Operating income

8,598

467

109
1,837

130
2,112

40

155

213
454

1,159
304

2,655

3,862

411
39
101

448
59
72

Net sales
Net sales of construction contracts
Net sales of investment development businessand other
Total 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

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using
equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission fee
Other
Total non-operating expenses

552

579

10,701

3,749

Gain on step acquisitions
Gain on sales of investment securities
Other

1,601
495

1,908
691
286

Total extraordinary income

2,097

2,886

359
0

172
2,042
410

1,428

-

Ordinary income
Extraordinary income

Extraordinary loss
Loss on abandonment of noncurrent assets
Impairment loss
Loss on valuation of investment securities
Provision for loss on liquidation of subsidiaries
and affiliates
Other

53

176

Total extraordinary losses
Profit before income taxes and non-controllinginterests
Income taxes

1,842

2,802

10,956

3,833

3,430

683

Profit

7,526

3,150

Loss attributable to non-controlling interests

(17)

(50)

Profit attributable to owners of the parent

7,543

3,201

―7―

Consolidated Statements of Comprehensive Income
Six Months ended September 30, 2021 and 2022

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income

Six Months ended
September 30, 2021
(April 1 through Sept. 30, 2021)
7,526(Millions of yen)
Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)
3,150

4,154

(462)

0
800
32

(21)
2,317
40

147

(614)

5,135

1,259

Comprehensive income

12,662

4,410

Comprehensive income attributable to
Owners of the parent
Non-controlling interests

12,678
(16)

4,324
85

―8―

(3) Consolidated Statements of Cash FlowsSix Months ended
September 30, 2021
(April 1 through Sept. 30, 2021)(Millions of yen)
Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)

10,956

3,833

2,180
47

2,935
2,042
88

(257)

23

1,426

(321)

177
379
(1,782)0(1,590)

87
335
4,115
410
(677)

(23)

128

359
-

172
(1,908)

(40)

(155)

(1,947)411(2,242)
448

33,955

4,574

(420)

(3,990)

1,222
4,303

1,892
3,806

(17,015)(13,417)(2,511)

419

7,852
(414)

(6,036)(798)

Subtotal

37,271(4,234)

Interest and dividend income received
Interest expenses paid

1,949

2,243

Subsidy received
Income taxes paid

(389)
186
(8,424)(427)(5,925)

Net cash provided by (used in) operating activities

30,593(8,343)

Net cash provided by (used in) operating activities
Profit before income taxes and non-controllinginterests
Depreciation and amortization
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for loss on
liquidation of subsidiaries and affiliates
Increase (decrease) in net defined benefit liability
Decrease (increase) in net defined benefit asset
Increase (decrease) in other provision
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Loss (gain) on sales of property, plant andequipment
Loss on abandonment of noncurrent assets
Loss (gain) on step acquisitions
Share of loss (profit) of entities accounted forusing equity method
Interest and dividend income
Interest expenses
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in costs on uncompleted
construction contracts
Decrease (increase) in real estate for sale
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payabletrade
Increase (decrease) in advances received on
uncompleted construction contracts
Increase (decrease) in other current liabilities
Other, net―9―Six Months ended
September 30, 2021
(April 1 through Sept. 30, 2021)(Millions of yen)
Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)(3)(11,386)

312(12,727)

77

1,482

(475)

(222)

(637)
2,900
(1,126)

(788)
(995)

2,981

1,478

(0)
16
(121)

(30)
13
(6)

-

(918)

Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Payments from retirement of property, plant andequipment
Purchase of intangible assets
Proceeds from subsidy income
Purchase of investment securities
Proceeds from sales and redemption of investment
securities
Payments of loans receivableCollection of loans receivable
Payments for lease and guarantee deposits
Purchase of shares of subsidiaries resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Increase (decrease) in commercial paper
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Cash dividends paid
Cash dividends paid to non-controlling interests
Payments for acquisition of shares of subsidiaries
not affecting the scope of consolidation
Purchase of treasury stock
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning ofcurrent period
Cash and cash equivalents at the end of current
period

―10―

286

359

(7,488)(12,042)(13,920)(10,000)
1,570(4,462)
10,000(6,148)(2)(10,100)(20,000)
1,380(3,470)10,000(5,045)(4,943)
(2)

(39)

-

(0)
(25)

(0)
(22)

(23,028)(32,204)

331

1,039

407

(51,550)

103,727

129,301

104,135

77,751

(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.
(Notes in Case of Significant Changes in Shareholders’ Equity)
Not applicable.
(Adoption of Special Accounting Methods for Preparing Quarterly Consolidated Financial Statements)

Calculation of tax
expensesSix months ended September 30, 2022
(April 1, 2022 through September 30, 2022)
In calculating tax expenses, the Company has made a reasonable estimate of theeffective tax rate, to which tax effect accounting has been applied to profit before
income taxes and non-controlling interests for the consolidated fiscal year, including
the second quarter ended September 30, 2022. We have then made our calculations
by multiplying profit before income taxes and non-controlling interests by thisestimated effective tax rate.

(Changes in Accounting Policies)(Implementation guidance on accounting standard for fair value measurement)
With the application of the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ
Guidance No. 31, June 17, 2021; hereinafter, the “Fair Value Measurement Standard Guidance”) effective from the
beginning of the first quarter ended June 30, 2022, the new accounting policies specified in the Fair Value
Measurement Standard Guidance will be prospectively applied in accordance with the transitional treatment
specified in Paragraph 27-2 of the Fair Value Measurement Standard Guidance. This change in accounting policies
shall have minimal impact on the quarterly consolidated financial statements.
(Segment Information, etc.)[Segment Information]
I Six months ended September 30, 2021 (April 1, 2021 through September 30, 2021)
1. Information on amounts of net sales and income (loss) by reportable segment
Reportable segment
Domestic
Domestic
Overseas
Architectural
Civil
Environment
Investment and Group Investment andConstruction Engineeringand Energy
Development Companies Development
Business
Business
Business
Business
Business
Business

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

Net sales
Net sales toexternalcustomers
Intersegment
sales andtransfers
Total
Segment
income (loss)

143,635

66,875

11,353

12,454

1,194

5,277

856

403

2,642

–

148,91267,732

11,757

15,096

1,194

3,796

3,992

1,034

353

404

60 235,574–

235,574

9,180(9,180)–60 244,755(9,180)235,574

(420)

8,598

–

(563)

9,018

(Notes) 1. The adjustment amount of ¥(420) million for segment income (loss) is eliminations of intersegment transactions.
2. Segment income (loss) is adjusted with operating income in the quarterly consolidated statements of income.

2. Information on impairment loss of noncurrent assets and on goodwill, etc. by reportable segment
Not applicable.
―11―

II Six months ended September 30, 2022 (April 1, 2022 through September 30, 2022)
1. Information on amounts of net sales and income (loss) by reportable segment
Reportable segment
Overseas
Domestic
Domestic
Architectural
Civil
Investment Environment
Investment and Group
Construction Engineeringandand Energy
Development Companies
Business
Business
Development BusinessBusiness
Business
Business

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

Net sales
Net sales toexternalcustomers
Intersegment
sales andtransfers
Total
Segment
income (loss)

143,555

64,853

12,18917,149

1,336

4,694

2,939

409

4,186

–

148,250

67,793

12,59821,335

1,336(4,759)

4,794

820

339

395

721 239,805–

239,805

12,230(12,230)–

721 252,035(12,230)

239,805

(896)

467

–

(227)

1,363

(Notes) 1. The adjustment amount of ¥(896) million for segment income (loss) is eliminations of intersegment transactions.
2. Segment income (loss) is adjusted with operating income in the quarterly consolidated statements of income.

2. Information on impairment loss of noncurrent assets and on goodwill, etc. by reportable segment(Significant impairment loss pertaining to noncurrent assets)
With regard to construction in progress in the Environment and Energy Business segment, upon examining
recoverability in consideration of forecasts for future income and expenditure, the Company has reduced the bookvalue to the recoverable amount, and recorded this reduction amount as impairment loss under extraordinary loss.
In the period under review, the total amount for this impairment loss was ¥2,042 million.
(Significant change in the amount of goodwill)In the Overseas Investment and Development Business segment, the Company acquired additional shares in PT
Tatamulia Nusantara Indah, an equity method affiliate of the Company, during the second quarter ended September
30, 2022 and converted it into a consolidated subsidiary. In the period under review, an increase in the amount of
goodwill resulting from this event was ¥1,112 million.
3. Matters pertaining to changes in reportable segments, etc.
(Changes in segment classification)
From the first quarter ended June 30, 2022, the conventional five reportable segment classifications of Architectural
Construction Business, Civil Engineering Business, Investment and Development Business, Domestic Group
Companies Business, and New Business shall be changed to six segment classifications, namely Architectural
Construction Business, Civil Engineering Business, Domestic Investment and Development Business, Domestic
Group Companies Business, Overseas Investment and Development Business, and Environment and Energy
Business. These changes were made to align the reportable segment classifications with the classifications for thefinancial results targets in the Medium-term Management Plan 2024–Rolling Plan and the classifications of thebusiness reports in the monthly report materials presented at meetings of the Board of Directors.
The segment information presented for the six months ended September 30, 2021 is based on the classifications
after these changes.

―12―

(Business combinations)(Conversion into subsidiary through additional share acquisition)
The Company acquired additional shares in PT Tatamulia Nusantara Indah (headquartered in the Republic ofIndonesia; hereinafter “TATA”), an equity method affiliate of the Company, from existing shareholders on
September 12, 2022 and converted TATA into a subsidiary.
TATA became a specified subsidiary of the Company as its capital amount reaches 10% or more of the capital of
the Company.
1. Outline of business combination(1) Name of acquired company and details of business
Name of acquired company: PT Tatamulia Nusantara Indah
Details of business:
General construction(2) Main reason for business combination
TATA is one of the leading companies in the construction industry in the Republic of Indonesia, a growing
market. The Company subscribed for new shares issued by TATA through a third-party allotment in October
2020 to make it an equity method affiliate.
In the Medium-term Management Plan 2024–Rolling Plan, the Toda Group is committed to thedevelopment of overseas business as a priority management initiative. The share acquisition is aimed at
establishing the Company’s presence in the growing Indonesian market by strengthening its relationship withthe local capital company.
(3) Date of business combination
June 30, 2022 (deemed acquisition date)
September 12, 2022 (date of additional share acquisition)(4) Legal form of business combination
Acquisition of shares in exchange for cash(5) Name of company post-combination
No change to name.
(6) Voting rights percentage to be acquired
Voting rights percentage pre-acquisition:
40.01%
Voting rights percentage to be additionally acquired: 26.99%
Voting rights percentage post-acquisition:
67.00%(7) Major grounds for determining the acquired company
The Company acquired shares in exchange for cash.
2. Performance period of the acquired company included in the Consolidated Statements of Income for the period
under review
As TATA had been an equity method affiliate of the Company, the portion of TATA’s results attributable to theCompany for the six months ended September 30, 2022 has been recorded as share of profit of entities accounted
for using equity method.
The closing date of the second quarter of TATA is June 30, and is three months distant from that of the Group’s
second quarter closing date. Therefore, we have consolidated only its balance sheet, using June 30 as a deemed
acquisition date.
3. Acquisition cost of the acquired company and breakdown by type of consideration
Fair value of shares of the acquired company held immediately prior to the additional
acquisition as of the date of business combination
Consideration for shares of the acquired company additionally acquired on the date ofbusiness combination
Cash
Acquisition cost

¥5,772 million¥3,893 million¥9,665 million

4. Difference between the acquisition cost of the acquired company and the total acquisition cost of each transactionthat led to acquisition of company
Gain on step acquisitions: ¥1,908 million―13―

5. Amount of goodwill generated, reason for generation, and method and period of amortization(1) Amount of goodwill generated¥1,112 million(2) Reason for generation
As the acquisition cost exceeded the net amount of assets acquired and liabilities assumed, the excess amount
has been recognized as goodwill.
(3) Method and period of amortization
Straight-line amortization over three years(Significant subsequent events)(Borrowing of large amounts of funds)
Based on a resolution at the Board of Directors meeting held on September 30, 2022, the Company has entered intoa syndicated loan contract as shown below on October 26, 2022 with MUFG Bank, Ltd. acting as an arranger, andborrowed funds on October 31, 2022.
(1) Amount borrowed:¥30,000 million(2) Interest on borrowing: Fixed interest rate(3) Repayment date:
October 29, 2032
(4) Repayment method:
Lump-sum repayment on maturity(5) Provision of collateral: None
(6) Use of funds:
Working capital―14―3. (Reference) Non-consolidated Financial Statements(1) (Reference) Non-consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
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

As of September 30, 2022

107,668
194,292
10,000
5,250
8,629
4,729
22,974(1,154)56,982
195,864
4,795
10,623
1,345
25,533352,390

293,941

38,04937,883

2,656

2,475

77,16838
15,09274,87831
20,729133,005

135,999

10,833

10,392

209,192

210,916Long-term loans receivable

1,770

1,723

Prepaid pension cost

2,012

1,671

3,381

3,184

Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, vehicles, tools, furniture andfixtures, net
Land
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities

Other(1,202)

Allowance for doubtful accounts

(91)

(91)

Total investments and other assets

216,264

217,403360,103363,796

712,493

657,737

Total noncurrent assets
Total assets―15―

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Commercial paper
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 directors’ 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

As of September 30, 2022

91,531
55,471
20,00015,0005,767

78,09942,311
10,000635

26,77424,806

5,586

3,561

3,782

3,370

2,580
37,706
18,884

8,896
35,958
14,648283,083

222,288

45,00036,52822,2796,124
20,353128
240

55,00037,38622,098
6,110
20,505
332

1,608

1,508

411
3,239

431
3,159

135,915

146,532

418,998

368,82123,001

23,001

25,573
198

25,573370

25,771

25,944

5,750

5,750

50,000101,774
18,78050,000109,774
6,537

176,305

172,062

Treasury stock(8,462)(8,626)

Total shareholders’ equity

216,617

212,382

73,41972,989

385
3,073

364
3,180

Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Deferred gains on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets―16―

76,87876,534

293,495

288,916

712,493

657,737

(2) (Reference) Non-consolidated Statements of Income
Six Months ended
September 30, 2021
(April 1 through Sept. 30, 2021)(Millions of yen)
Six Months ended
September 30, 2022
(April 1 through Sept. 30, 2022)

206,622204,169

11,372

12,273217,995

216,442

184,941

188,992

9,652

10,561

194,594

199,553

21,681

15,177

1,719

1,712

23,40016,889Selling, general and administrative expenses

14,943

16,724

Operating income

8,456

164

Non-operating income
Non-operating expenses

2,547
546

3,332
533

Ordinary income

10,4572,963

Extraordinary income
Extraordinary loss

1,733
2,485

1,124
2,917

Profit before income taxes

9,706

1,170

Income taxes

2,999

364

Profit6,707

806

Net sales
Net sales of construction contracts
Net sales of investment development businessand other
Total 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 businessand other
Total gross profit―17―

4. Supplementary Information(1) Summary of Consolidated Results and Forecasts(Millions of yen)Six-month Period from April
FY2021 FY2022

Full Year

YoY (b)-(a)FY2021

FY2022

FY2022

VS. initial forecast(c)-(b)YoY(c)-(a)Actual(a)

Actual(b)

AmountPercentage(%)

Actual(a)

Initialforecast
May 13,2022 (b)Revisedforecast
Percentage
Percentage
AmountAmountOct. 31,(%)(%)
2022 (c)Net sales

235,574

239,805

4,230

1.8

501,509

520,000

540,000

38,4907.7

20,0003.8

Construction business

210,510

208,409-2,101-1.0

439,128451,000

455,000

15,871

3.6

4,000

0.9

Architectural construction

143,635

143,555-79-0.1

293,168

321,000

325,000

31,831

10.9

4,000

1.2

Civil engineering

66,87564,853-2,022-3.0

145,959

130,000

130,000-15,959

-10.9

-

-

Domestic investment
development business

11,353

12,189835

7.4

20,68319,00018,500-2,183

-10.6

-500

-2.6

Domestic Group companies business

12,454

17,149

4,694

37.7

38,726

46,20043,500

4,773

12.3

-2,700-5.8

Overseas investment
development business

1,194

1,336

141

11.9

2,283

2,600

21,50019,216841.4

18,900726.9

Environment and energy business

60

721

660

-

687

1,200

1,500

812

118.1

300

25.0

25,653

19,829-5,824-22.7

62,67763,00057,800-4,877-7.8-5,200-8.3

10.9 %

8.3 %

12.5 %

12.1 %

10.7 %

SG&A expenses

17,054

19,361

2,306

13.5

38,29242,50045,200

6,907

18.0

2,700

6.4

Operating income

8,598

467

-8,131-94.6

24,38520,50012,600-11,785-48.3-7,900-38.5

Non-operating income

2,102

3,282

1,179

56.1

3,726

2,400

4,100

373

10.0

1,700

70.8

Ordinary income

10,701

3,749-6,952-65.0

28,111

22,90016,700-11,411-40.6-6,200-27.1

Extraordinary income

254

84

-170

-67.0

118

5,000

5,900

5,781

-

900

18.0

Profit before income taxes

10,956

3,833-7,122-65.0

28,23027,90022,600-5,630-19.9-5,300-19.0

Income taxes

3,430

683

-2,747

-80.1

9,761

9,100

7,700

-2,061-21.1-1,400-15.4

Profit

7,526

3,150

-4,375-58.1

18,46818,80014,900-3,568-19.3-3,900-20.7

Profit attributable
to non-controlling interests

-17

-50

-33

-

-92

-

200

292

-

200

-

Profit attributableto owners of the parent

7,543

3,201

-4,342-57.6

18,56018,80014,700-3,860-20.8-4,100-21.8

Gross profit
Profit margin

Notes: 1. These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date, which are subject to a numberof risks and uncertainties. Therefore, the actual results of developments may differ from those presented in these forward-looking statements due to thechanges in various factors.
2. Net sales are based on business segments and intercompany sales are eliminated.

―18―

(2) Summary of Non-consolidated Results and Forecasts(Millions of yen)Six-month Period from April
FY2021 FY2022
Actual(a)

Full Year

YoY (b)-(a)Percentage
ActualAmount(b)(%)

FY2021

FY2022

FY2022

Actual(a)

Initialforecast
May 13,2022 (b)Revisedforecast
Oct. 31,2022 (c)VS. initial forecast(c)-(b)YoY (c)-(a)AmountPercentage(%)

AmountPercentage(%)

Orders received

188,324 195,178

6,854

3.6

473,082472,000

471,500-1,582

-0.3

-500

-0.1

Construction business

176,952 182,905

5,953

3.4

452,296453,000

453,000

703

0.2

-

-

Domestic architectural construction

121,480 121,752

272

0.2

320,893

332,000

332,000

11,106

3.5--

Domestic civil engineering

53,316

61,392

8,075

15.1

128,618

117,000

119,500-9,118

-7.1

2,500

2.1

Overseas

2,155

-239

-2,394

-

2,784

4,000

1,500

-1,284-46.1-2,500-62.5

Investment development business andother11,372

12,273901

7.9

20,78619,00018,500-2,286

-11.0

-500

-2.6

Net sales

217,995 216,442-1,552-0.7

451,770459,000

463,500

11,729

2.6

4,500

1.0

Construction business

206,622 204,169-2,453-1.2

430,983

440,000

445,000

14,016

3.3

5,000

1.1

Domestic architectural construction

139,408 137,584-1,823-1.3

282,412

307,500

312,500

30,087

10.7

5,000

1.6

Domestic civil engineering

65,89465,795-98-0.1

144,821

129,700

129,700-15,121

-10.4

-

-

Overseas

1,320

789

-530

-40.2

3,749

2,800

2,800

-949

-25.3

-

-

Investment development business andother11,372

12,273901

7.9

20,78619,00018,500-2,286

-11.0

-500

-2.6

Gross profit

23,40016,889-6,511-27.8

55,932

54,10047,600-8,332-14.9-6,500-12.0

10.7 %

7.8 %

12.4 %

11.8 %

10.3 %

21,681

15,177

50,10348,80042,800-7,303-14.6-6,000-12.3

10.5 %

7.4 %

11.6 %

11.1 %

9.6 %

14,017

5,333

30,01327,75021,800-8,213-27.4-5,950

-21.4

1,736

9.1

100

0.5

-826

-80.5

-150

-42.9

-1,028

-17.6

-500

-9.4

Profit margin
Construction business

Domestic architectural construction

Domestic civil engineering
Overseas
Investment development business andother

10.1 %

3.9 %

7,517

10,116

11.4 %

15.4 %

146-272

11.1 %-34.6 %

-6,504-30.0-8,683

-62.0

2,598

34.6

-418

1,719

1,712

15.1 %

13.9 %-7

SG&A expenses

14,943

16,724

1,781

Operating income

8,456

164

Non-operating income

2,000

Ordinary income

-

-0.4

10.6 %

9.0 %

7.0 %

19,06320,70020,80013.2 %

16.0 %

16.0 %

1,026

350

200

27.4 %

12.5 %

7.1 %

5,828

5,300

4,800

28.0 %

27.9 %

25.9 %

11.9

33,39237,00038,300

4,907

14.7

1,300

3.5

-8,292-98.1

22,54017,1009,300-13,240-58.7-7,800

-45.6

2,799

798

39.9

3,455

2,600

3,700

244

7.1

1,100

42.3

10,4572,963-7,494-71.7

25,995

19,70013,000-12,995-50.0-6,700-34.0

Extraordinary income-751-1,792-1,040--1,460

5,000

5,000

6,460

-

-

-

Profit before income taxes

9,706

1,170

-8,535-87.9

24,53524,70018,000-6,535-26.6-6,700-27.1

Income taxes

2,999

364

-2,635

-87.9

8,320

7,800

5,700

-2,620-31.5-2,100-26.9

Profit6,707

806-5,900-88.0

16,215

16,90012,300-3,915-24.1-4,600-27.2

Dividend per share (yen)

10.0

13.5

3.5

35.0

26.0

27.0

27.0

1.0

3.8

-

-

Notes: 1. These non-consolidated financial statements, exempt from the quarterly review by auditors for statutory disclosure, were prepared pursuant to Ordinance on
Terminology, Forms, and Preparation Methods of Quarterly Financial Statements, etc.
2. These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date, which are subject to anumber of risks and uncertainties. Therefore, the actual results of developments may differ from those presented in these forward-looking statements due tothe changes in various factors.

―19―

(3) Orders Received, Net Sales and Balance Brought Forward (non-consolidated)
1) Orders Received
Business segment/Classification
I Construction business(a) Architectural construction
Domestic public sector
Domestic private sector
Overseas
Subtotal(b) Civil engineering
Domestic public sector
Domestic private sector
Overseas
Subtotal(c) Total (a)+(b)Domestic public sector
Domestic private sector
Overseas
Subtotal
II Domestic investment
development business
III Environment and energy
business
IV Total (I + II + III)(Millions of yen)Six-month Period
From April 1, 2021
to Sept. 30, 2021
AmountRatio (%)

Six-month Period
From April 1, 2022
to Sept. 30, 2022
AmountRatio (%)

ChangeAmountPercentage (%)

20,793
100,687
1,842
123,322

11.0
53.5
1.0
65.5

14,836
106,916
58
121,810

7.6
54.8
0.0
62.4

-5,956
6,229-1,783-1,511

-28.6
6.2
-96.8
-1.2

45,528275,364
1,935
322,828

9.6
58.2
0.4
68.2

26,51326,802313
53,629

14.1
14.2
0.2
28.5

36,24425,148-297
61,094

18.6
12.9
- 0.2
31.3

9,730
-1,654
-610
7,464

36.7
-6.2
13.9

89,52139,096849
129,467

18.9
8.3
0.2
27.4

47,306
127,489
2,155
176,952

25.1
67.7
1.1
94.0

51,080132,064-239
182,905

26.2
67.7
- 0.1
93.7

3,773
4,574
-2,394
5,953

8.0
3.6
3.4

135,050
314,460
2,784
452,296

28.5
66.5
0.6
95.6

11,372

6.0

12,208

6.3

836

7.4

20,724

4.4

-

-

64

0.0

64

-

62

0.0

188,324100.0

195,178

100.0

6,854

3.6

473,082

100.02) Net Sales
Business segment/Classification
I Construction business(a) Architectural construction
Domestic public sector
Domestic private sector
Overseas
Subtotal(b) Civil engineering
Domestic public sector
Domestic private sector
Overseas
Subtotal(c) Total (a)+(b)Domestic public sector
Domestic private sector
Overseas
Subtotal
II Domestic investment
development business
III Environment and energy
business
IV Total (I + II + III)

Previous Fiscal Year
(From April 1, 2021
to March 31, 2022)
AmountRatio (%)

(Millions of yen)Six-month Period
From April 1, 2021
to Sept. 30, 2021
AmountRatio (%)

Six-month Period
From April 1, 2022
to Sept. 30, 2022
AmountRatio (%)

ChangeAmountPercentage (%)

Previous Fiscal Year
(From April 1, 2021
to March 31, 2022)
AmountRatio (%)

17,322122,085354
139,762

7.9
56.0
0.2
64.1

25,474112,109965
138,550

11.8
51.8
0.4
64.0

8,152
-9,975611-1,212

47.1
-8.2
172.7
-0.9

38,510243,902
1,755
284,168

8.5
54.0
0.4
62.9

39,87626,017966
66,860

18.3
11.9
0.4
30.7

42,77623,018-176
65,619

19.8
10.6
-0.1
30.3

2,900
-2,998-1,142-1,241

7.3-11.5-118.2-1.9

83,92260,898
1,993
146,815

18.6
13.5
0.4
32.5

57,199148,103
1,320
206,622

26.2
67.9
0.6
94.8

68,251
135,128789
204,169

31.5
62.4
0.4
94.3

11,052-12,974-530-2,453

19.3
-8.8
-40.2
-1.2

122,433
304,800
3,749
430,983

27.1
67.5
0.8
95.4

11,372

5.2

12,208

5.6

836

7.4

20,724

4.6

-

-

64

0.0

64

-

62

0.0

217,995

100.0

216,442100.0-1,552-0.7

451,770

100.0

―20―

3) Balance Brought Forward
Business segment/Classification
I Construction business(a) Architectural construction
Domestic public sector
Domestic private sector
Overseas
Subtotal(b) Civil engineering
Domestic public sector
Domestic private sector
Overseas
Subtotal(c) Total (a)+(b)Domestic public sector
Domestic private sector
Overseas
Subtotal
II Domestic investment
development business
III Environment and energy
business
IV Total (I + II + III)(Millions of yen)
FY2021 2Q(As of Sept. 30, 2021)
AmountRatio (%)

FY2022 2Q(As of Sept. 30, 2022)
AmountRatio (%)

ChangeAmountPercentage (%)

Previous Fiscal Year(As of March 31, 2022)
AmountRatio (%)

97,211
317,650
3,700
418,562

14.1
46.2
0.5
60.9

90,120365,317
1,485
456,923

12.6
50.9
0.2
63.7

-7,09147,667-2,21538,361

-7.3
15.0
-59.9
9.2

100,758
370,5112,392
473,662

13.6
50.2
0.3
64.1

157,892
109,378
1,706
268,977

23.0
15.9
0.2
39.1

170,32188,9191,093
260,335

23.7
12.4
0.2
36.3

12,429-20,458-613-8,641

7.9
-18.7
-35.9
-3.2

176,854
86,7901,215
264,859

23.9
11.8
0.2
35.9

255,103
427,028
5,407
687,539

37.1
62.1
0.8
100.0

260,442454,237
2,579
717,258

36.3
63.3
0.4
100.0

5,338
27,209-2,82829,719

2.1
6.4
-52.3
4.3

277,613457,301
3,607
738,522

37.6
61.9
0.5
100.0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687,539100.0

717,258

100.0

29,7194.3

738,522

100.0

―21―

(4) Main Orders Received, Completed Construction and Carryover Works for the Period under Review
1) Orders Received

Ordering Parties

Name of Works

Maishima Development Specified Purpose Company
Lam Specified Purpose Company
National Printing Bureau(Tentative name) DPL Osaka Maishima construction work
ESR OS1 Data Center construction work
Oji Plant new business building construction work and other works(construction)
Kitasato University Sagamihara Campus, new building for Faculty of
Future Technology construction work
The First High School, Tokyo University of Agriculture, Secondary
School building rebuilding and development work Phase I
Shin-Meishin Expressway Kirigataki Bridge and other one bridge
widening works (PC upper work)
Susami Kushimoto road Higashiji tunnel and other works

The Kitasato InstituteTokyo University of Agriculture
Central Nippon Expressway Company Limited
Ministry of Land, Infrastructure, Transport and Tourism, Kinki
Regional Development Bureau
Ministry of the Environment

Iitate Village temporary storage site restoration work, etc. for 2022
through 2024
2022 National Route 20 Hachioji South Bypass Yakata No.2 Tunnel
work 2
Todoroki Water Treatment Center construction and civil engineering
work 40

Ministry of Land, Infrastructure, Transport and Tourism, Kanto
Regional Development Bureau
Kawasaki City
2) Completed Construction

Ordering Parties

Name of Works

ESR
Sapporo Cargo Facility Development Specified Purpose Company
SeiwakaiKamoha Specified Purpose Company
DENKI BUILDINGTokyo Tatemono Co., Ltd.
West Nippon Expressway Company Limited
Aizuwakamatsu Area Regional Municipal Development Association
Fukushima Prefecture
East Nippon Expressway Company Limited

ESR Yatomikisosaki distribution Center(Tentative name) DPL Sapporo Rail Gate construction work
(Tentative name) Hachiken New Hospital construction work
(Tentative name) Goodman Takatsuki construction work
(Tentative name) Nagasaki Ofunagura Project construction work
(Tentative name) Yokohama Aoba Logistics Facility Plan construction
work
Yuasagobo road, Mizushiri Elevated bridge and other one bridge work
(PC upper work)
Numadaira Final Disposal Site 3 construction work
Road and bridge maintenance (reconstruction) work (tunnel)
Tohoku Expressway Mizubuka Bridge Highway Overpass earthquakeresistant reinforcement work (locking piers)

3) Carryover Works

Ordering Parties
Shibuya Station Sakuragaoka Exit District Redevelopment
Association
St. Marianna University School of Medicine
JAPANET HOLDINGS Co., Ltd.
Yokohama Shinko Partners Co., Ltd.
Takashimaya South Area Redevelopment ProjectToyo University
Ministry of Land, Infrastructure, Transport and Tourism, Kanto
Regional Development Bureau
Central Nippon Expressway Company LimitedWest Nippon Expressway Company Limited
Tokyo Metropolitan Government

Name of Works
Shibuya Station Sakuragaoka Exit District Type 1 Urban
Redevelopment Project
St. Marianna University School of Medicine Sugao Campus Renewal
Plan
Nagasaki Stadium City Project (II and III sections)(Tentative name) Yokohama District Government Office Complex
maintenance and other works
Takashimaya South Area Type 1 Urban Redevelopment Facility and
Building Construction Work
Akabanedai Campus new building construction work (Site C)
Yokohama Shonan Road tunnel works
Tokyo Outer Ring Road Main Line Tunnel (north bound) Tomei North
works
Shin-Meishin Expressway Ujitawara Tunnel East Works
Johoku Chuo Park retention reservoir (Phase 1) work 2
Completed construction and carryover works are presented on a delivery basis.

―22―