【Translation】
The following statements are an English-language translation of the original Japanese-language document.
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)

Consolidated Financial Statements--Summary

May 14, 2014

(For the fiscal year ended March 31, 2014)

Name of listed company: JGC Corporation
Code number: 1963
Representative
Title: Chairman and Representative Director
Name: Keisuke Takeuchi
Contact
Title: Senior Manager, Financial & Accounting Department
Name: Kenichi Hanahara
Scheduled Date of Ordinary Annual General Meeting of Shareholders: June 27, 2014
Scheduled Date of Payment of Dividends: June 28, 2014

Stock exchange: Tokyo

Tel: 045-682-1111
URL: http://www.jgc.com

1. Business results for fiscal 2013 (April 1, 2013-March 31, 2014)(1) Consolidated financial results
Net sales

Note: All amounts are rounded down to the nearest million yen. Percentage indicate changes from the previous term.

Operating income(%)(Millions of yen)Mar. 2014 term
Mar. 2013 term

675,821624,637

8.2
12.1

Comprehensive income (millions of yen):

Earnings pershareMar. 2014 term
Mar. 2013 term(Millions of yen)

68,25364,123(Millions of yen)

6.4
(4.4)

Mar. 2014 term:

Ordinary
income/Total
assets

(Yen)

(Yen)

(%)

(%)

(%)

-13.3
14.8

12.2
12.6

10.1
10.3

Mar. 2014 term:

730

15.4
(0.1)

(Millions of yen)

47,17846,179

(%)

2.2
18.1

54,960 (56.2%)

Operatingincome/Net sales

186.90182.91

Reference:
Equity in earning of affiliates (millions of yen):(%)

83,67572,48951,118 ((7.0)%) Mar. 2013 term:

Earnings pershare
Return on equity(diluted)

Net income

Ordinary income(%)

Mar. 2013 term:

657(2) Consolidated financial position
Total assets

Total net assets

Total net asset/Total assets

Total net assets per share(Millions of yen)

(Millions of yen)

(%)

(Yen)

746,102628,757

379,882
336,08350.2
53.4

1,484.29
1,329.10

Mar. 31, 2014
Mar. 31, 2013

Reference:
Shareholders' equity (millions of yen):Mar. 31, 2014:(3) Consolidated cash flows
Cash flows from operating
activities
Mar. 2014 term
Mar. 2013 term

374,654

Mar. 31, 2013:

335,534

Cash flows from investing activities

Cash flows from financing
activities

Cash and cash equivalentsat term-end(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

120,576
85,010(18,728)(28,370)(10,687)(3,695)385,252
284,777

2. Dividends
Annual dividends per share(Yen)

Total dividends(annual)Payout ratio(consolidated)

Dividends/
shareholders'equity(consolidated)

Term-end

Annual(Millions of yen)

(%)

(%)

Mar. 2013 term
Mar. 2014 term

45.50
46.50

45.50
46.50

11,486
11,737

24.9
24.9

3.7
3.3

Mar. 2015 term
(Forecast)

41.50

41.50

―

24.9―

3. Forecast for fiscal 2014 (April 1, 2014-March 31, 2015)

Entire term

Net sales(Millions of yen)
780,000(%)

15.4

Operating income(Millions of yen)(%)
55,000(19.4)

Earnings pershare(Yen)

Entire term

166.39

1/9

Ordinary income(Millions of yen)(%)
59,000(29.5)Net income(Millions of yen)(%)
42,000(11.0)

JGC Corporation

4. Others(1) Changes in scope of consolidated subsidiary
Consolidated subsidiaries:(increase) None(decrease) None

(2) Changes in accounting method:① Changes due to revisions of accounting standards: Yes② Changes other than the above ①: None
③ Changes in accounting estima None
④ Restatement: None
(3) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Mar. 2014 term:

259,052,929

Mar. 2013 term:

259,052,929

Mar. 2013 term:

6,601,447② Number of treasury stock at term-end:
Mar. 2014 term:

6,639,762③ Average Number of shares outstanding at term-end:
Mar. 2014 term:

252,433,589

Mar. 2013 term:

252,465,874(1) The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties. Actual results
may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment and exchange rate fluctuations.
(2) Forecast based on: ￥102.92/US$1.00

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JGC Corporation

Consolidated Balance Sheets
ASSETS
March 31,

March 31,2014

2013(Millions of yen)

(Millions of yen)

354,199
102,170259,777
96,57031,05241,007
4,203
1,675
2,598
13,286
15,534
10,272(114)
575,886

25,00035,839
4,514
1,911
2,119
10,971
15,0688,551(92)460,231

Buildings and structures
Machinery, vehicles, tools and equipment
Land
Lease assets
Construction in progress
Other tangible fixed assets
Less accumulated depreciation

63,41960,222
25,977
228
381
4,207
(84,146)
70,29062,316
51,721
25,977
802
7,719
2,573
(79,401)
71,708Goodwill
Software
Other intangible fixed assets

02,271
14,485
16,757

0
2,583
10,196
12,780Investment securities
Long-term loans receivable
Deferred tax assets
Other investments and other assets
Allowance for doubtful accounts
Allowance for investment loss

88,27020,512
1,6906,084(20,213)(13,174)
83,168170,216
746,102

84,18819,1892,667
2,699(18,421)(6,286)84,037
168,526
628,757

Ⅰ Current assets
Cash and deposit
Notes receivable, accounts receivable from completed construction
contracts and other
Short-term investments
Costs on uncompleted construction
Mechandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable-otherDeffered tax assets
Other current assets
Allowance for doubtful accounts

Total current assets
Ⅱ Fixed assets
1 Tangible fixed assets:

Net tangible fixed assets
2 Intangible fixed assets

Total intangible fixed assets
3 Investments and other assets

Total investments and other assets
Total fixed assets
Total assets

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JGC Corporation

LIABILITIES AND NET ASSETSMarch 31,2014

March 31,2013

(Millions of yen)

(Millions of yen)

Notes and accounts payable
Income taxes payable
Advances received on uncompleted contracts
Reserve for job warranty costs
Reserve for losses on contracts
Reserve for bonuses
Reserve for directors' bonuses
Provision for loss on guarantees
Other current liabilities

107,450
16,843
163,406
2,449
21,062
7,047166
65
14,862
333,353

93,33518,75887,711
1,862
22,030
7,001
180
2,417
29,141
262,439

Long-term loans payable
Provision for retirement benefits
Net defined benefit liability
Provision for directors' retirement bonuses
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other long-term liabilities

13,001－11,436
288
209
3,691
4,239
32,866366,220

9,363
12,355
－
271
292
3,691
4,260
30,235
292,674

Capital stock
Capital surplus
Retained earnings
Treasury stock

23,51125,607
327,775(6,477)
370,415

23,51125,603291,781(6,330)334,565

1 Valuation difference on available-for-sale securities
2 Deferred gains or losses on hedges
3 Revaluation reserve for land
4 Foreign currency translation adjustment
5 Remeasurements of defined benefit plans

6,868
(51)
(6,542)
4,384
(420)
4,238
5,227
379,882
746,102

5,417
1,606
(6,542)
486
－
968
549
336,083
628,757

Ⅰ Current liabilities

Total current liabilities
Ⅱ Long-term liabilities

Total long-term liabilities
Total liabilities
Ⅰ Shareholders' equityTotal shareholders' equity
Ⅱ Valuation and translation adjustments

Total valuation and translation adjustments
Ⅲ Minority interests
Total net assets
Total liabilities and net assets

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JGC Corporation

Consolidated Statements of Income
Years ended

Mar. 2014term

Mar. 2013
term(Millions of yen)

(Millions of yen)

Net sales

675,821624,637

Cost of sales

587,437

540,164

Gross profit

88,38484,473

Selling, general and administrative expenses

20,13020,349Operating income

68,25364,123Non-operating income:

16,1849,149

Interest income

2,011

1,492

Dividend income

2,747

3,004

Foreign exchange gains

9,908

2,943

Rent income on facilities

636

647

Equity in earnings of affiliates

730

657

Other non-operating income

149

405

762

783

Interest expense

323

238

Rent expense on noncurrenct assets

306

316

Other non-operating expenses

132

229

Ordinary income

83,67572,489Extraordinary gain:

2,485

224

1114

2,351－

132

109

9,250

10,401

13

Provision of allowance for investment loss

7,877

6,286

Other

1,371

4,111

Income before taxes on income

76,90962,312

Taxes on income:

29,481

16,086

Current

28,593

20,376

Deferred887(4,290)47,42846,226249

46

47,17846,179Non-operating expenses:

Gain on sales of property and equipment
Reversal of provision for loss on guarantees
OtherExtraordinary loss:
Loss on sales of noncurrent assets

Income before minority interests
Minority interests in earnings of consolidated subsidiaries
Net income

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JGC Corporation

Statements of Consolidated Comprehensive Income
Years ended

Mar. 2014term

Mar. 2013
term(Millions of yen)

(Millions of yen)

Income before minority interests

47,42846,226

Other comprehensive income

3,690

8,734

Valuation difference on acailable-for-sale securities

1,450

3,098

Defferred gains or losses on hedges(1,657)1,567

Foreign currency translation adjustment

3,897

4,0680(0)51,11854,960Comprehensive income attributable to owers of parent

50,86854,913Comprehensive income attributable to minority interests

24946

Share of other coprehensice income of associates accounted for using
equity method

Comprehensive income
Comprehensive income attributable to:

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JGC Corporation

Consolidated Statements of Cash FlowsYears ended

Ⅰ CASH FLOWS FROM OPERATING ACTIVITIES:
Income before taxes on income and minority interests in earnings of consolidated subsidiaries

Mar. 2014term

Mar. 2013
term(Millions of yen)

(Millions of yen)

76,90962,312

9,269
0
1,812
(1,207)－(992)(4,759)323(9,476)
(730)
924
0
146
(4,042)(5,002)(1,887)
12,56075,458(3,393)145,9125,645(377)(30,603)
120,576

8,263
0
2,222
16,841(1,054)－(4,496)238(6,403)
(657)
(90)
(110)
133
(8,516)(5,843)
2,956
8,894
17,9784,207
96,877
4,946(251)(16,563)
85,010(6,188)468(4,702)(5,167)367(2,901)(605)(12,163)
172(3,273)(12,814)
1,068(1,260)(100)(18,728)(28,370)

(685)
3,405
(1,407)(143)(11,484)
(143)
(229)

(203)
7,634
(987)
(73)
(9,723)
(124)
(217)

(10,687)
9,161
100,322284,777
152(3,695)
9,276
62,220222,556－

385,252

284,777

Adjustments to reconcile income before taxes on income and minority interests in earnings ofconsolidated subsidiaries to net cash provided by (used in) operating activities:
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in provision for retirement benefit
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expense
Foreign exchange losses (gains)
Equity in losses (earnings) of affiliates
Loss (gain) on sales of investment securities
Loss (gain) on sales of noncurrent assets
Loss on retirement of noncurrent assets
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in accounts receivable-other
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on umcompleted contstruction contracts
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIESⅡ CASH FLOWS FROM INVESTING ACTIVITIES:Payments for purchases of property and equipment
Proceeds from sales of property and equipment
Payments for purchases of intangible fixed assets
Payments for purchases of investment securities
Proceeds from sale of investment securities
Decrease (increase) in short-term loans receivable
Other, net

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIESⅢ CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in short-term loans
Proceeds from long-term bank loans payable
Repayments of long-term bank loans payable
Purchases of treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
Other, net

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIESⅣ EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
Ⅴ NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Ⅵ CASH AND CASH EQUIVALENTS at beginning of year
Ⅶ INCREASE IN CASH AND CASH EQUIVALENTS FROM NEWLYCONSOLIDATED SUBSIDIARIESⅧ CASH AND CASH EQUIVALENTS at end of year

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JGC Corporation

Segment Information【 Information by business segment 】
FY 2012 (April 1, 2012 - March 31, 2013)
Total engineering(Millions of yen)Segment
Catalysts and fineproducts

Sub total

OthersGrand total Adjustment Consolidated

Net sales―624,637
External customers
576,627
38,508615,135
9,501
624,637Inter-segment
30165
196
4,905
5,101
(5,101)―Total576,657
38,673615,331
14,407629,739(5,101)
624,637
Segment profit
58,874
4,290
63,164973
64,138(14)
64,123
Segment asset
559,835
37,287597,12250,656
647,778(19,021)628,757
Other item
Depreciation and amortization
4,574
2,479
7,053
1,182
8,236
27
8,263
Capital expenditures
5,469
2,023
7,493
8,782
16,275(52)
16,223*1: "Others" includes System Solution Services, Specialized Consulting Services, Office Support Services Business, Power and Water business,and Oil and Gas Production Sales Business*2: Segment profits are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operation income figure from the Consolidated Statements of Income.

FY 2013 (April 1, 2013 - March 31, 2014)
Total engineering(Millions of yen)Segment
Catalysts and fineproducts

Sub totalOthers

Grand total Adjustment Consolidated

Net sales
External customers
624,807
37,164
661,971
13,849675,821―675,821
Inter-segment
220
18
239
4,658
4,897
(4,897)―
Total
625,027
37,183
662,21118,507680,718(4,897)
675,821Segment profit
62,327
4,208
66,535
1,684
68,21933
68,253
Segment asset
661,535
38,585700,12160,763760,885(14,782)
746,102
Other item
Depreciation and amortization
4,199
2,043
6,242
2,991
9,234
35
9,269
Capital expenditures
2,572
1,391
3,964
5,716
9,680
(42)
9,638
*1: "Others" includes System Solution Services, Specialized Consulting Services, Office Support Services Business, Power and Water business,
and Oil and Gas Production Sales Business*2: Segment profits are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operation income figure from the Consolidated Statements of Income.

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JGC Corporation

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2014

Domestic

March 31, 2013

Business area

Outstanding
Contracts

NewContracts

Oil and gas development

40

238

255

23

Petroleum refining

15,80924,295

19,372

20,732

LNG

23,668

1,214

11,59013,291

Chemical

1,791

11,029

9,956

2,864

Power generation, nuclear power andnew energy

36,61563,511

19,18080,946

Living and general production facility

6,603

4,604

8,174

3,033

19,296

14,572

13,72620,143

5,292

562

Overseas

Environmental protection, socialdevelopment and IT
OthersOutstanding
Contracts

Sales

713

5,142

Subtotal

104,538

124,607

87,548

141,597

Oil and gas development

218,933

55,145

158,001

116,076

Petroleum refining

238,055

190,946

35,806393,195

LNG

937,053

312,966

310,863

939,156

Chemical

39,114125,432

27,849136,698

Power generation, nuclear power andnew energy

794

36

254

577

Living and general production facility

11,373581

11,021

933

1056

65

1(60)

8,387

7,244

1,082

Environmental protection, social
development and IT
Others1,445,274
Subtotal
693,553
551,107
1,587,720
Total
1,549,813
818,161
638,656
1,729,317*2(incl. Total Engineering Business)
1,548,452
804,100
624,807
1,727,745(Incl. Others Business)
1,360
14,061
13,849
1,572
Catalysts and Fine Products Business－37,164
－
－
**3
*3
*3
Grand Total
1,549,813
818,161
675,821
1,729,317*1 Figures for each business area are exclusive of consumption and other taxes.
*2 The balances of new contracts as of the end of the previous fiscal year have been revised toreflect foreign currency translation adjustments and changes in contract amounts for the period
under review as follows:(Millions of yen)
Foreign
Revision for
currencychanges inTotal
Business areatranslation
contract
adjustment
amounts
12,006
Oil and gas development(2)
12,004
Petroleum refining

2,796

－

2,796

LNG

19,046(140)

18,906

ChemicalPower generation, nuclear power andnew energy

3,838

(0)

3,838

(2)

(1,635)(1,637)

Living and general production facility

311－

311

0－0(427)

(87)

(515)

Total

37,569(1,865)35,704(Incl. Total Engineering Business)

37,958(1,862)36,095

Environmental protection, social
development and ITOthers(388)(Incl. Others Business)
(2)
(391)
*3 As the order received system is not applied to the Catalysts and Fine Products Business area,
no figures are given.
*4 All amounts are rounded down to the nearest million yen.

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