ANNUAL REPORT2007CONTENTSPROFILE1THE MESSAGE FROM THE PRESIDENT2CONSOLIDATED BALANCE SHEETS4CONSOLIDATED STATEMENTS OF INCOME6CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS7CONSOLIDATED STATEMENTS OF CASH FLOWS9NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

10REPORT OF INDEPENDENT AUDITORS

23NON-CONSOLIDATED BALANCE SHEETS

25NON-CONSOLIDATED STATEMENTS OF INCOME

27NON-CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

28NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS

29REPORT OF INDEPENDENT AUDITORS36CORPORATE OUTLINE

37

CORPORATE DATA

38

PROFILE

1

THE MESSAGE FROM THE PRESIDENT23

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Balance Sheets
March 31, 2007

4

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Balance Sheets
March 31, 2007

5

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Statements of Income
March 31, 2007

6

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Statements of Changes In Net Assets
March 31, 2007

7

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Statements of Changes In Net Assets
March 31, 20078

Sumitomo Mitsui Construction Co., Ltd.
Consolidated Statements of Cash Flows
March 31, 2007

9

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200710

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200711

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200712

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200713

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200714

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200715

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200716

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200717

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200718

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 2007

19

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200720

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 200721

Sumitomo Mitsui Construction Co., Ltd.
Notes to Consolidated Financial Statements
March 31, 2007

22

23

24

Sumitomo Mitsui Construction Co., Ltd.
Non-Consolidated Balance Sheets
March 31, 200725

Sumitomo Mitsui Construction Co., Ltd.
Non-Consolidated Balance Sheets
March 31, 2007

26

Sumitomo Mitsui Construction Co., Ltd.
Non-Consolidated Statements of Income
March 31, 200727

Sumitomo Mitsui Construction Co., Ltd.
Non-Consolidated Statements of Changes In Net Assets
March 31, 200728

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200729

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200730

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200731

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200732

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200733

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 200734

Sumitomo Mitsui Construction Co.,Ltd.

Notes to Non-Consolidated Financial Statements
March 31, 2007

35

36CORPORATE OUTLINE
Corporate Name:

Scope of Business:

Main Banks

Sumitomo Mitsui Construction Co.,Ltd.

1) Planning and executing of civilengineering and construction works
and prestressed concrete works

Sumitomo Mitsui Banking Corporation
Sumitomo Trust & Banking Co.,Ltd.
Mitsui Life Insurance Co.,Ltd.
Mitsui Sumitomo Insurance Co.,Ltd.
Sumitomo Life Insurance Company

Established:
October 14,1941

Permission:(Special-18)No.200, Specified
Constructor, granted by the Minister of Land,
Infrastructure and Transport

License:2) Manufacturing and selling civilengineering and construction
materials and PC products

Main Shareholders
Daiwa Securities SMBC Co.,Ltd.
Mitsui Fudosan Co.,Ltd.
UBS AG London A/C IPB Segregated ClientAccount
Mitsui Sumitomo Insurance Co.,Ltd.
BNY for GCM Client Accounts (E)ISG

3) Real estate business4) Other related business to the above(13)No.1, Housing, Land and Building Dealer,granted by the Minister of Land, Infrastructureand Transport

Corporate History

1887
Nishimoto-Gumi

1691
Besshi Copper Mine

Civil Division

1934
Nishimoto-Gumi
Joint-Stock Co.,Ltd.

1937
Sumitomo Mining Co.,Ltd.

1944
Engineering WorkDivision

1941
Nishimoto-Gumi Co.,Ltd.

1946
Seika Mining Co.,Ltd.

1947
Besshi Costruction
Enterprise

1945
Mitsui Construction IndustryCo.,Ltd.

1952
1952
Sumitomo Metal Sumitomo Coal
Mining Co.,Ltd. Mining Co.,Ltd.

1882
Katsuro-Gumi

1944
Katsuro-Gumi
Co.,Ltd.

1950
Besshi Construction Co.,
Ltd.

1947
Kinki Construction Co.,
Ltd.
1946
Sanken Industry Co.,Ltd.

1947
Nishi-Nippon
Reconstruction Co.,
Ltd.

1956

1962
SUMITOMO CONSTRUCTION
CO.,LTD.

1952
MITSUI CONSTRUCTION
CO.,LTD.

1963

2003

SUMITOMO MITSUI CONSTRUCTION CO., LTD.

37

CORPORATE DATAHEAD OFFICE

Bangkok:(Thailand)

7-5-25,Nishi-Shinjuku,Shinjuku-ku
Tokyo 160-0023 Japan

7th Floor,Orakarn Office Condominium,
26-21 Soi,Chidlom Ploenchit Road,
Bangkok 10330,Thailand
TEL:66-2-250-0560
FAX:66-2-2547405

INTERNATIONAL DIVISION
Sumitomo Nakanosakaue Building 14F
1-38-1 Chuo,Nakano-ku,Tokyo
164-0011,Japan
TEL:81-3-5337-2450
FAX:81-3-3367-5485,5486

OVERSEAS OFFICE

Taipei:(Taiwan)
4F, No.48, Sec.1, Chang an East Road, Taipei,
Taiwan
TEL:886-2-25423596, 25210056
FAX:886-2-25613370

Manila:(Philippines)
2nd Floor, Pioneer House Building,
108 Paseo de Roxas, Makati City,
Metro Manila, PhilippinesTEL:63-2-840-4913
FAX:63-2-840-4912

Guam:(USA)Suite 106 & 107, IBC Building,Harmon Industrial Park, Guam 96931
TEL:671-649-7521
FAX:671-649-7550

Jiali Hotel MBR Loft No.21 Yi Jiuxianqiao Road
Chaoyang District,Beijing, 100016
People's Republic of China
TEL:86-10-8456-0619〜23
FAX:86-10-8456-0624

Colombo:(SriLanka)
1F, B.W.Holdings Building,
No.5A, Austin Place Colombo-8, SriLanka
TEL:94-11-2684914
FAX:94-11-2684915

Shanghai:(China)
Room No.202, No.2 Building, 641 Tian Shan Road,
Chang Ning Zone, Shanghai 200336, China
TEL:86-21-6228-6780
FAX:86-21-6228-6781

Beijing M.B.R. Construction
Engineering Co.,Ltd.

Nairobi:(Kenya)
P.O.Box 60487-00200 Arwings Kodhek Road,
Chemusian Apartments,
Apartment No.2 Next to Olive Garden Hotel,
Hurlingham, Nairobi, Kenya
TEL:254-20-2722560
FAX:254-20-2722619

Subsidiary Companies in overseas
SMCC( Thailand) Co.,Ltd.
(Former Thai Sumicon Co,.Ltd)
7th Floor,Orakarn Office Condominium,
26-21 Soi, Chidlom Ploenchit Road,
Bangkok l0330,Thailand
TEL:66-2-2548581
FAX:86-2-2547405

Pt.SMCC Utama Indonesia(Former Pt.Sumicon Utama)
Summitmas 2, 12th Floor JL.Jend.
Sudirman Kav. 61-62,
Jakarta Selatan 12190, Indonesia
TEL:62-21-520-1757
FAX:62-21-525-0905

Hanoi:(Vietnam)

SMCC Construction India Ltd.
(Former Mitsui Kensetsu PVT India,.Ltd)

1st Floor, Tran Gia Building,
81A Tran Quoc Toan Street,
Hoan Kiem District Hanoi, Vietnam
TEL:84-4-9428888
FAX:84-4-9428808

23, Local Shopping Centre,Madangir, Near Pushp Bhawan,
New Delhi 110062, India
TEL:91-11-41392800
FAX:91-11-41652592, 41652593

Singapore:

SMCC Philippines, Inc.

No.4 Leng Kee Road,#06-05 SIS Building,Singapore 159088
TEL:65-64750079
FAX:65-64756996

2nd Floor, Pioneer House Building,
108 Paseo de Roxas, Makati City,
Metro Manila, Philippines
TEL:63-2-840-4913
FAX:63-2-840-4912

Jakarta:(Indonesia)

SMCC Shanghai

Summitmas 2, 12th Floor JL.Jend.
Sudirman Kav. 61-62,
Jakarta Selatan 12190, Indonesia
TEL:62-21-520-1757
FAX:62-21-525-0905

Room No.202, No.2 Building, 641 Tian Shan Road,
Chang Ning Zone, Shanghai 200336, China
TEL:86-21-6228-6780
FAX:86-21-6228-6781

38

SMCC Guam,Inc.
Suite 106 & 107, IBC Building,Harmon Industrial Park, Guam 96931
TEL:671-649-7521
FAX:671-649-7550