This document has been translated from the Japanese original "Kessan Tanshin" disclosed at the Tokyo Stock Exchange on
February 13, 2024 and prepared for reference purpose only. In the event of any discrepancy between this translated document
and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Third Quarter Ended December 31, 2023
〔Japanese GAAP〕
February 13, 2024
Company name : Kumagai Gumi Co., Ltd.
Stock exchange listings : Tokyo Stock Exchange, Prime Market
Securities code : 1861
URL : https://www.kumagaigumi.co.jp/
Representative : Yasunori Sakurano, President
Contact : Kazunori Shimada, Joint General Manager, Administration Division,
Contact : General Manager, Administration Division, Accounting Department
Contact : Tel. 03-3235-8606
Date of filing of quarterly securities report : February 13, 2024
Scheduled date of dividend payment : ―Supplemental materials for quarterly financial results : None
Presentation on quarterly financial results : None
（Rounded down to the nearest million yen）

１．Consolidated Results for the Third Quarter Ended December 31, 2023 (April 1, 2023 - December 31, 2023)（１） Consolidated Operating Results（Percentage figures are changes from the same period in the previous fiscal year）
Net sales of completed
Profit attributable toOperating profit
Ordinary profit
construction contracts
owners of parent
Million yen

FY2023 3rd Quarter
FY2022 3rd Quarter（Note） Comprehensive income％

Million yen％

307,7547.8
9,253
285,577(5.0)
5,753
FY2023 3rd Quarter 12,581 million yen 128.0％

Million yen

％

％

48.4
(63.0)

Diluted earnings per share

Basic earnings per shareYen

FY2023 3rd Quarter
FY2022 3rd Quarter

Million yen

60.8
9,350
46.8
5,919
(62.3)
6,371(59.8)
3,988
FY2022 3rd Quarter 5,519million yen (44.3)％

Yen

136.6989.44――（２） Consolidated Financial Position
Total assets

Net assets

Million yen

FY2023 3rd Quarter
FY2022（Reference） Owner's equity

Capital adequacy ratio

Net assets per share

Million yen

428,474
376,650
FY2023 3rd Quarter 174,758 million yen

174,758
169,860
FY2022 169,860 million yen

％

Yen

40.8
45.1

4,063.14
3,894.11

２．Dividends
Annual cash dividends per share
End of 1st quarterEnd of 2nd quarter

Yen

End of 3rd quarter

Yen

Year-end

Yen――
FY2022――
FY2023
FY2023 （forecast）（Note） Revision to the latest forecasts of cash dividends announced : None

―
―

Total
Yen

Yen

130.00130.00130.00130.00３．Forecast of Consolidated Operating Results for FY2023 (April 1, 2023 - March 31, 2024)（Percentage figures are changes from the same period in the previous fiscal year）

Net sales of completed
construction contracts
Million yen％

Operating profit
Million yen

Profit attributable toowners of parent

Ordinary profit％

Basic earnings
per share

Million yen％

Million yen％

Yen

FY2023433,100
7.3
15,20032.4
15,700（Note） Revision to the latest forecasts of consolidated operating results announced : None

28.3

10,40030.4

240.56

※ Notes（1） Changes in significant subsidiaries during the period（Changes in specified subsidiaries that resulted in a change in the scope of consolidation） : None
（2） Application of specific accounting for quarterly consolidated financial statements : None
（3） Changes in accounting policies, changes in accounting estimates, and retrospective restatements① Changes in accounting policies due to the revision of the accounting standards: None② Changes in accounting policies other than ①: None③ Changes in accounting estimates: None④ Retrospective restatements: None（4） Number of shares issued (common stock)① Number of shares issued at the end of the period (including treasury stocks)② Number of treasury stocks at the end of the period③ Average number of shares outstanding during the period（quarterly cumulative total）

FY2023 Q3
FY2023 Q3
FY2023 Q343,285,560 FY2022
274,979 FY2022
43,306,379 FY2022 Q3（Shares）
43,900,360
280,432
44,590,267※ "Kessan Tanshin" is not subject to the quarterly review.
※ Explanation regarding the appropriate use of forecasts of operating results, and other specific comments
The financial forecast of operating results in this document are based on information available at present and logical assessments. Actual
results may be materially different from expectations due to a variety of factors. Refer to “1. Qualitative Information on Consolidated
Operating Results for the Third Quarter Ended December 31, 2023; (3) Explanation of information on future forecasts, including
the consolidated earnings forecasts” on page 3 of the Attachments for matters related to earnings forecasts.

（Reference） Summary of Nonconsolidated Financial Results（Rounded down to the nearest million yen）

１．Nonconsolidated Results for the Third Quarter Ended December 31, 2023 (April 1, 2023 - December 31, 2023)（１） Nonconsolidated Operating Results（Percentage figures are changes from the same period in the previous fiscal year）

Net sales of completed
construction contracts

Operating profit

ProfitOrdinary profit

Million yen％

Million yen％

Million yen％

Million yen％

FY2023 3rd Quarter

232,513

9.5

6,113

50.3

7,141

17.4

4,862

14.1

FY2022 3rd Quarter

212,400

(9.2)

4,068

(65.8)

6,084(55.8)

4,260(56.7)

Basic earnings per share

Diluted earnings per share

Yen

Yen

FY2023 3rd Quarter

112.01－

FY2022 3rd Quarter

95.32

－

（２） Nonconsolidated Financial Position
Total assets

Net assets

Million yen

Capital adequacy ratio

Million yen

Net assets per share％Yen

FY2023 3rd Quarter

357,980

136,30338.1

3,161.32

FY2022

304,522

133,04943.7

3,042.88（Reference） Owner's equity

FY2023 3rd Quarter 136,303 million yen

FY2022 133,049 million yen

２．Forecast of Nonconsolidated Operating Results for FY2023 (April 1, 2023 - March 31, 2024)（Percentage figures are changes from the same period in the previous fiscal year）

Net sales of completed
construction contracts
FY2023

Ordinary profit

Basic earnings per share

ProfitMillion yen％

Million yen％

Million yen％

Yen

311,000

3.9

11,400

12.3

7,800

11.5

179.98（Note） Revision to the latest forecasts of nonconsolidated operating results announced : None

Contents
１．Qualitative Information on Consolidated Operating Results for the Third Quarter Ended December 31, 2023 ････

2

（１） Explanation of operating results ･････････････････････････････････････････････････････････････････････････

2（２） Explanation of the financial position ･･･････････････････････････････････････････････････････････････････････

2（３） Explanation of information on future forecasts, including the consolidated earnings forecasts ････････････････

3

２．Quarterly Consolidated Financial Statements ･･････････････････････････････････････････････････････････････

4（１） Quarterly consolidated balance sheet ････････････････････････････････････････････････････････････････････ 4（２） Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income ･･･････ 6（３） Notes to Quarterly Consolidated Financial Statements ････････････････････････････････････････････････････

8(Notes related to the going concern assumption) ･･･････････････････････････････････････････････････････････ 8(Notes in the case of significant changes in shareholders’ equity) ･･･････････････････････････････････････････ 8(Segment information) ･･･････････････････････････････････････････････････････････････････････････････････

8

３．Quarterly Nonconsolidated Financial Statements ･･･････････････････････････････････････････････････････････

9（１） Quarterly nonconsolidated balance sheet ････････････････････････････････････････････････････････････････

9（２） Quarterly nonconsolidated statement of income (Cumulative total) ･････････････････････････････････････････ 11
４．Supplementary Information ･･･････････････････････････････････････････････････････････････････････････････ 12（１） Orders received, net sales and carried-forward （Nonconsolidated） ････････････････････････････････････････ 12（２） Financial Highlights ･････････････････････････････････････････････････････････････････････････････････････ 13

1

１．Qualitative Information on Consolidated Operating Results for the Third Quarter Ended December 31, 2023
（１）Explanation of operating results
During the third quarter ended December 31, 2023, the Japanese economy made a modest recovery despite
signs of a standstill in some areas, with a generally high level of corporate earnings and signs of a recovery inconsumer spending amid improvements in the employment and income environments offset by slow growth ofmachinery investment due to lackluster overseas demand and signs that the recovery of investment in plant andequipment is faltering.
In the construction industry, housing construction investment slackened under the impact of rising construction
costs, and private sector construction investment also showed slow growth. However, public investment
remained firm due to the execution of related budgets, and the order environment remained firm overall. In terms
of profitability, however, difficult conditions remained, mainly due to higher material prices and labor costs.
Under such operating conditions, the Kumagai Gumi Group continued to strive for sustainable growth by working
together as a team on The Kumagai Gumi Group Medium-Term Management Plan (FY2021-FY2023) - Proactive
Measures for Sustainable Growth-, which was formulated in May 2021 and sets (i) deepen the construction
business, (ii) accelerate the construction-related peripheral businesses, (iii) develop new business domains, and(iv) strengthen the management foundation as basic policies.
Looking at the consolidated results for the third quarter under review, net sales (completed contracts) rose 22.1
billion yen (7.8%) year on year, to 307.7 billion yen, mainly attributable to steady execution of order backlog.
On the profit front, the increase in net sales and improved gross profit margin (gross profit margin on completed
contracts) led to an increase of 3.5 billion yen (60.8%) year on year in operating profit, to 9.2 billion yen, and arise of 2.9 billion yen (46.8%) year on year in ordinary profit, to 9.3 billion yen. Profit attributable to owners ofparent was 5.9 billion yen, up 1.9 billion yen (48.4%), owing to income taxes of 3.1 billion yen and other adjustments.
（２）Explanation of the financial position
Total assets at the end of the third quarter were 428.4 billion yen, a rise of 51.8 billion yen (13.8%) from the endof the previous fiscal year, mainly attributable to an increase in notes receivable, accounts receivable fromcompleted construction contracts and other associated with large construction projects on hand and an increase
in investment securities due to rises in the valuation of the stock portfolio and investments in the real estatedevelopment business in the United States.
Total liabilities increased 46.9 billion yen (22.7%) from the end of the previous fiscal year, to 253.7 billion yen,chiefly due to increases in borrowings, including syndicated loans and the issuance of commercial paper.
Net assets stood at 174.7 billion yen, an increase of 4.8 billion yen (2.9%) from the end of the previous fiscal year,
mainly reflecting a rise in valuation difference on available-for-sale securities resulting from increases in market
price and the recording of profit attributable to owners of parent, which were partly offset by a decline in retained
earnings due to dividend payment and a decrease in capital surplus due to the retirement of treasury shares.
The shareholders' equity ratio was 40.8%, declining 4.3 pt from 45.1% at the end of the previous fiscal year.

2（３）Explanation of information on future forecasts, including the consolidated earnings forecasts
Going forward, the Japanese economy is expected to continue to see a moderate recovery in consumer spending
and corporate earnings, aided by the effect of a range of government policies and improvements in theemployment and income environment. Meanwhile, the business outlook remains uncertain in face of risks suchas global monetary tightening, the downturn of overseas economies amid concern over China's economic outlook,rising prices, and the Middle East situation.
In the construction industry, building investment by private-sector enterprises is expected to remain firm, partly
due to improvement of corporate earnings. Moreover, given that a budget on par with the year-ago level is
expected to be secured for fiscal 2024, public investment is likely to remain solid, reflecting systematicinvestment for the prevention and reduction of disasters, as well as the building of national resilience, amid
growing concern over the sustainability of foundations that support people's living and industrial development,
given phenomena such as intensifying and increasingly frequent natural disasters and decaying social
infrastructure. Meanwhile, attention should be paid to trends in risk factors, for example, high crude oil prices
and rising construction material prices, that may cause a deterioration of profitability and a contraction ofdemand.
In this business environment, the Group will continue to work as one team to implement initiatives to achievesustainable growth under the Medium-Term Management Plan (FY2021-FY2023).
In view of the conditions described above and business results for the third quarter ended December 31, 2023,
there are currently no changes to the consolidated earnings forecasts and the non-consolidated earnings
forecasts for the fiscal year ending March 31, 2024 announced on May 12, 2023.

3

２．Quarterly Consolidated Financial Statements（１） Quarterly consolidated balance sheet(millions of yen）
Prior Fiscal Year

Current 3rd Quarter（As of March 31, 2023）（As of December 31, 2023）

AssetsCurrent assets
Cash and deposits

40,97745,287

Notes receivable, accounts receivable from completed
construction contracts and other

225,453

256,249

Costs on construction contracts in progress

10,437

9,446

Accounts receivable - other

19,16922,370

Other

2,295

3,188

(56)

(54)

298,276

336,487

Buildings and structures, net

9,704

9,493

Land

17,053

17,055

Other, net

2,551

2,254

Total property, plant and equipment

29,30928,803

Intangible assets

1,478

1,552

Investment securities

34,131

44,203

Deferred tax assets

6,914

3,327

Other

6,701

14,268

Allowance for doubtful accounts

(160)

(167)

Total investments and other assets

47,586

61,631

Total non-current assets

78,374

91,987

Total assets

376,650

428,474

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Investments and other assets

4

(millions of yen）
Prior Fiscal Year

Current 3rd Quarter（As of March 31, 2023）（As of December 31, 2023）

Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other

83,341

71,398

Electronically recorded obligations - operating

27,10732,364

Short-term borrowings

3,893

14,936

Commercial papers－

19,994

Income taxes payable

766

616

Advances received on construction contracts in progress

12,78925,433

Deposits received

26,04335,115

Provision for warranties for completed construction

550

488

Provision for loss on construction contracts

994

1,076

4

3

Provision for bonuses

4,057

2,007

Other

11,372

6,450

Total current liabilities

170,922

209,886

18,303

26,216

Provision for share awards

250

272

Retirement benefit liability

16,711

16,811

601

529

Total non-current liabilities

35,867

43,829Total liabilities

206,789

253,716

Share capital

30,10830,108

Capital surplus

17,133

15,170Retained earnings

117,498

117,718

Treasury shares

(626)

(649)

164,113

162,348

4,512

10,599－7

Foreign currency translation adjustment

1,372

1,922

Remeasurements of defined benefit plans

(137)

(119)

Total accumulated other comprehensive income

5,747

12,409Total net assets

169,860

174,758

Total liabilities and net assets

376,650

428,474

Provision for contingent loss

Non-current liabilities
Long-term borrowings

Other

Net assets
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

5（２） Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income
Quarterly consolidated statement of income （Cumulative total）(millions of yen）

Net sales of completed construction contracts
Cost of sales of completed construction contracts

FY2022 3rd Quarter

FY2023 3rd Quarter（Apr 1, 2022－Dec 31, 2022）
285,577（Apr 1, 2023－Dec 31, 2023）
307,754

263,940

281,478

Gross profit on completed construction contracts

21,63626,276

Selling, general and administrative expenses

15,88317,022

Operating profit

5,753

9,253

Non-operating income
Interest income

1968

Dividend income
Share of profit of entities accounted for using
equity method
Foreign exchange gains

477

479

125

79

163

27

Other

128

156

Total non-operating income

915

810

Interest expenses

141

256

Commission for syndicated loans

30

262

Non-operating expenses

Loss on investments in investment partnerships

76

88

Other

48

105

Total non-operating expenses

297

713

6,371

9,350

Gain on sale of non-current assets

54Gain on sale of investment securities－

0Gain on sale of memberships

640Compensation for damage income

81－

Total extraordinary income

151

4

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets

23

7

Compensation for damage

87

189

Infectious disease related costs

37－

Additional taxes

155

－

Other

34

98

Total extraordinary losses

337

295

Profit before income taxes

6,184

9,059

Income taxes - current

622

2,249

Income taxes - deferred

1,573

890

Total income taxes

2,196

3,140

Profit

3,988

5,919

Profit attributable to owners of parent

3,988

5,919

6

Quarterly consolidated statement of comprehensive income (Cumulative total)(millions of yen）
FY2022 3rd Quarter

FY2023 3rd Quarter（Apr 1, 2022－Dec 31, 2022）（Apr 1, 2023－Dec 31, 2023）

3,988

5,919

Valuation difference on available-for-sale securities

879

6,087

Deferred gains or losses on hedges－

7

Foreign currency translation adjustment

628

550

Remeasurements of defined benefit plans, net of tax

20

17

Share of other comprehensive income of entities
accounted for using equity method

10Total other comprehensive income

1,531

6,662

Comprehensive income

5,519

12,581

Comprehensive income attributable to owners of parent

5,519

12,581

Comprehensive income attributable to non-controllinginterests－－

ProfitOther comprehensive income

Comprehensive income attributable to7（３） Notes to Quarterly Consolidated Financial Statements(Notes related to the going concern assumption)
Not applicable(Notes in the case of significant changes in shareholders’ equity)
1. Acquisition of own shares
The Company has been proceeding with the acquisition of treasury shares based on a resolution at the meeting of theBoard of Directors held on May 12, 2023. During the first nine months of the fiscal year under review, it has acquired
614,800 treasury shares. Due to this acquisition, the value of Company's treasury shares has increased 1,999 million yen.
2. Cancellation of own shares
The Company retired 614,800 shares of treasury stock on November 8, 2023, in accordance with a resolution of theBoard of Directors at its meeting held on May 12, 2023. As a result of this retirement, capital surplus and treasury shareseach decreased by 1,962 million yen in the first nine months of the fiscal year under review.
(Segment Information)
FY2022 3rd Quarter （Apr 1, 2022－Dec 31, 2022）
Reportable segment sales, profit or loss and revenue breakdown information(millions of yen)

Reportable segments

Net Sales
Revenue from contracts with customers
Other revenue
Sales to customers
Intersegment sales and transfers
Total
Segment profit

Civilengineering

Building
construction

Subsidiaries

62,426－62,426－62,426
53

149,823
146
149,969
4
149,973
4,015

72,093
1,087
73,1807,690
80,871
1,658

Total

284,342
1,234
285,577
7,694
293,271
5,727

Adjustments(Note1)

Amounts on
Quarterly
consolidated
statement ofincome(Note2)－－－(7,694)(7,694)
26

284,342
1,234
285,577－
285,577
5,753(Note1) The segment profit adjustment is for the elimination of intersegment transactions.
(Note2) Segment profit is adjusted with operating profit recorded under the quarterly consolidated statement of income.
(Note3) Other revenue is a rental income based on the Accounting Standard for Lease Transactions (ASBJ statement No. 13 issued(Note3) on March 30, 2007).

FY2023 3rd Quarter （Apr 1, 2023－Dec 31, 2023）
Reportable segment sales, profit or loss and revenue breakdown information(millions of yen)

Reportable segments

Net Sales
Revenue from contracts with customers
Other revenue
Sales to customers
Intersegment sales and transfers
Total
Segment profit

Civilengineering

Building
construction

Subsidiaries

72,871－
72,871－
72,871
2,338

159,411230
159,6410
159,642
3,774

74,1791,061
75,241
6,751
81,992
3,119

Total

306,462
1,291
307,7546,751
314,506
9,232

Adjustments(Note1)

Amounts on
Quarterly
consolidated
statement ofincome(Note2)－－－(6,751)(6,751)
21

306,462
1,291
307,754－
307,754
9,253(Note1) The segment profit adjustment is for the elimination of intersegment transactions.
(Note2) Segment profit is adjusted with operating profit recorded under the quarterly consolidated statement of income.
(Note3) Other revenue is a rental income based on the Accounting Standard for Lease Transactions (ASBJ statement No. 13 issued(Note3) on March 30, 2007).
8

３．Quarterly Nonconsolidated Financial Statements（１） Quarterly nonconsolidated balance sheet(millions of yen）
Prior Fiscal Year

Current 3rd Quarter（As of March 31, 2023）（As of December 31, 2023）

AssetsCurrent assets
Cash and deposits

18,58620,192

Notes receivable, accounts receivable from completed
construction contracts and other191,139

228,005

Costs on construction contracts in progress

9,174

7,568

Other

19,33323,055(20)(24)

238,215

278,797

Buildings and structures, net

5,663

5,558

Land

14,096

14,098Other, net

1,202

1,031

Total property, plant and equipment

20,962

20,688Intangible assets

1,378

1,356

Investment securities

9,943

10,474

Deferred tax assets

5,548

2,311

Other

28,47444,352

Total investments and other assets

43,966

57,137

Total non-current assets

66,307

79,182

Total assets

304,522357,980

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Investments and other assets

9

(millions of yen）
Prior Fiscal Year

Current 3rd Quarter（As of March 31, 2023）（As of December 31, 2023）

Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other

60,40949,606

Electronically recorded obligations - operating

23,17029,350

Short-term borrowings

5,693

18,736

Commercial papers－

19,994

Lease obligations

4

3

Advances received on construction contracts in progress

10,76322,386

Deposits received

24,13532,364

Provision for warranties for completed construction

518

454

Provision for loss on construction contracts

964

1,016

Provision for bonuses

2,746

1,364

Other

10,161

5,538

Total current liabilities

138,567

180,816

18,303

26,216

7

4

Provision for stock payments

250

272

Provision for retirement benefits

14,078

14,103264

264

Total non-current liabilities

32,90440,861

Total liabilities

171,472

221,677

Share capital

30,10830,108

Capital surplus

17,133

15,170Retained earnings

81,81780,981

Treasury shares

(499)

(521)

128,560

125,739

4,489

10,556

－

7

4,489

10,563

Total net assets

133,049

136,303

Total liabilities and net assets

304,522357,980

Non-current liabilities
Long-term borrowings
Lease obligations

Other

Net assets
Shareholders' equity

Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments10（２） Quarterly nonconsolidated statement of income (Cumulative total)(millions of yen）
FY2022 3rd Quarter

FY2023 3rd Quarter（Apr 1, 2022－Dec 31, 2022）
212,400（Apr 1, 2023－Dec 31, 2023）
232,513

Cost of sales of completed construction contracts

196,354

213,350

Gross profit on completed construction contracts

16,046

19,163

Selling, general and administrative expenses

11,977

13,049Operating profit

4,068

6,113

Net sales of completed construction contracts

Non-operating income
Interest income

730

Dividend income

2,038

1,603

Foreign exchange gains

156

16

Other

121

117

Total non-operating income

2,324

1,767

Interest expenses

155

288

Commission for syndicated loans

30

262

Non-operating expenses

Loss on investments in investment partnerships

76

88

Other

45

99

Total non-operating expenses

308

739

6,084

7,141

Gain on sale of non-current assets

20Gain on sale of investment securities－

0Gain on sale of memberships

64－

Total extraordinary income

66

0

87

189

Ordinary profit
Extraordinary income

Extraordinary losses
Compensation for damage
Infectious disease related costs

27－

Additional taxes

155

－

Other

35

1

Total extraordinary losses

304

191

Profit before income taxes

5,845

6,950

Income taxes - current

291

1,531

Income taxes - deferred

1,293

556

Total income taxes

1,585

2,087

Profit

4,260

4,862

11

４． Supplementary Information（１） Orders received, net sales and carried-forward （Nonconsolidated）(millions of yen)
FY2022 3rd QuarterApr 1, 2022－Dec 31, 2022

FY2023 3rd QuarterApr 1, 2023－Dec 31, 2023

Composition
ratio ％

AmountChangeComposition
ratio ％

AmountAmount％Public19,208

10.2

33,778

12.7

14,56975.8

Private16,5308.8

28,767

10.8

12,23674.0

Domestic

35,73919.0

62,54523.5

26,80575.0

Overseas－－

14,2205.3

14,220－Civil engineering

35,73919.0

76,76528.8

41,025

114.8

Public13,3997.1

21,224

7.9

7,825

58.4

Private139,10373.8

168,82163.3

29,71821.4

Domestic

152,50280.9

190,046

71.2

37,543

24.6

Overseas

108

0.1

26

0.0

(82)

(75.9)

Building construction

152,61181.0

190,072

71.2

37,461

24.5

Public32,60817.3

55,003

20.6

22,394

68.7

Private155,634

82.6

197,588

74.1

41,95427.0

Domestic

188,24299.9

252,591

94.7

64,34934.2

Overseas108

0.1

14,246

5.3

14,137－

188,351100

266,838

100

78,486

41.7

Orders received-Total
Public28,62813.5

38,887

16.7

10,25935.8

Private33,79815.9

33,654

14.5

(144)

(0.4)
16.2

Domestic

62,42629.4

72,541

31.2

10,114

Overseas

－

－

329

0.1

329

－

Civil engineering

62,42629.4

72,871

31.3

10,444

16.7

Public12,561

5.9

21,274

9.2

8,712

69.4

Private136,265

64.2

137,998

59.3

1,732

1.3

Domestic

148,82770.1

159,27268.5

10,445

7.0

Overseas

1,145

0.5

369

0.2

(776)

(67.8)

149,97370.6

159,642

68.7

9,668

6.4

Building construction
Public41,19019.4

60,162

25.9

18,972

46.1

Private170,06480.1

171,652

73.8

1,587

0.9

Domestic

211,25499.5

231,81499.7

20,5609.7

Overseas

1,145

0.5

699

0.3

(446)

(39.0)Net sales-Total

212,400

100

232,513100

20,1139.5
56.9

Public48,788

10.5

76,536

13.4

27,747

Private108,29623.5

108,576

19.1

279

0.3

Domestic

157,085

34.0

185,11332.5

28,027

17.8

Overseas－－

13,4682.4

13,468－Civil engineering

157,08534.0

198,58134.9

41,49626.4
35.3

Public41,825

9.1

56,60810.0

14,782

Private262,06256.8

313,574

55.1

51,511

19.7

Domestic

303,88865.9

370,182

65.1

66,294

21.8

Overseas
Building construction

488

0.1

24

0.0

(464)

(95.0)

304,37666.0

370,20765.1

65,83021.6
46.9

Public90,61419.6

133,144

23.4

42,530Private370,35980.3

422,15174.2

51,791

14.0

Domestic

460,97399.9

555,296

97.6

94,322

20.5

Overseas
Carried-forward-Total

488

0.1

13,4922.4

13,004－461,461100

568,788100

107,327

23.3(Note) The carried-forward amount of overseas work has been translated at the closing rate.
FY2022 3rd Quarter : Increased by 53 million yen

FY2023 3rd Quarter : Decreased by 377 million yen(Note) 2.Applying Accounting Standard for Revenue Recognition, etc., the amount of domestic public works of civil engineering carried(Note) 1.forward in the previous fiscal year has decreased by 123 million yen at the beginning of the current fiscal year.
12（２） Financial Highlights(100 millions of yen)

Consolidated（Forecasts of Operating Results for Full year）（Operating Results）
A

B

FY2022
3rd Quarter

FY20233rd Quarter

Net sales
Gross profit（Ratio）

SG&A expenses

B-A

％

C

D

FY2022
ResultFY2023（Forecasts）

D-C

％

2,856

3,078

222

7.8

4,035

4,331

296

7.3

216

263

46

21.4

332

378

46

13.8

7.6%

8.5%

0.9%

8.2%

8.7%

0.5%

159

170

11

217

226

9

58

93

35

115

152

37

（Ratio）

2.0%

3.0%

1.0%

2.8%

3.5%

0.7%

Non-operating income - net

6

1

(5)

8

5

(3)

122

157

35

(2)

(1)

1

46.5

120

156

36

29.7

48.4

41
80

52
104

11
24

30.4

Operating profit

Ordinary profit

64

94

30

Extraordinary income - net

(2)

(3)

(1)

Profit before income taxes

62

91

29

Income taxes and others
Profit attributable to owners of parent

22
40

31
59

9
19

60.8

46.8

32.4

28.3

Nonconsolidated（Forecasts of Operating Results for Full year）（Operating Results）

Civil engineering
Building construction
DomesticA

B

FY2022
3rd Quarter

FY20233rd Quarter

B-A

％

C

D

FY2022
ResultFY2023（Forecasts）

D-C

％

357

625

268

1,013

1,100

87

1,525

1,900

375

2,472

2,450

(22)

1,882

2,526

643

3,485

3,550

65

Overseas

1

142

141

Orders received

1,884

2,668

785

624

725

1,488

Domestic
Overseas

1

180

179

3,486

3,730

244

101

899

900

1

1,593

104

2,081

2,200

119

2,113

2,318

206

2,980

3,100

120

11

7

(4)

13

10

(3)

2,124

2,325

201

2,993

3,110

117

Civil engineering

49

80

31

85

90

5

(Ratio)

7.8%

11.0%

3.2%

9.4%

10.0%

0.6%

111

111

(0)

160

178

18

(Ratio)

7.4%

6.9%

(0.5)%

7.7%

8.1%

0.4%

160

190

31

244

268

24

(Ratio)

7.6%

8.2%

0.6%

8.2%

8.6%

0.4%

1

1

0

1

1

(0)

(Ratio)

6.0%

16.5%

10.5%

8.7%

10.0%

1.3%

160

192

31

（Ratio）

7.6%

8.2%

0.6%

SG&A expenses

120

130

11

Operating profit

41

61

20

Civil engineering
Building construction

Net sales

Building construction
Domestic
Overseas
Gross profit

41.7

9.5

19.4

50.3

246

269

23

8.2%

8.6%

0.4%

165

169

4

80

100

20
0.5%

（Ratio）

1.9%

2.6%

0.7%

2.7%

3.2%

Non-operating income - net

20

10

(10)

21

14

(7)

Ordinary profit

61

71

11

102

114

12

Extraordinary income - net

(2)

(2)

0

Profit before income taxes

58

70

11

Income taxes and others
Profit

16
43

21
49

5
6

13

17.4

7.0

3.9

9.5

24.3

12.3

(2)

0

2

18.9

99

114

15

14.9

14.1

29
70

36
78

7
8

11.5