[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In thecase that there is any discrepancy between the original Japanese version and this English version, the Japanese version shall prevail.
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)May 14, 2019

Consolidated Financial Statements-Summary(For the fiscal year ended March 31, 2019)
Name of listed company: JGC Corporation
Code number: 1963
RepresentativeTitle: Representative Director, Chairman and Chief Executive Officer (CEO)Name: Masayuki Sato
Contact
Title: General Manager, Finance & Accounting Department
Name: Shinichi Taguchi
Scheduled Date of Ordinary Annual General Meeting of Shareholders: June 27, 2019
Scheduled Date of Payment of Dividends: June 28, 2019

Stock exchange: Tokyo

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

1. Consolidated Financial Results for FY2018(April 1, 2018 - March 31, 2019)(1) Consolidated financial results

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

Net sales

Operating income(Millions of yen)(%)

(Millions of yen)Mar. 2019 term

619,241(14.3)

23,249Mar. 2018 term

722,987

4.3

21,495

Note:
Comprehensive income (millions of yen):

Earnings pershare

(%)

8.2

32,304－

Earnings per share
Return on equity(diluted)

Operatingincome/Net sales

(%)

(%)

(%)

Mar. 2019 term

95.14

－

6.0

4.6

3.8

Mar. 2018 term

65.75

－

4.3

3.8

3.0

Mar. 31, 2019:

3,218

Mar. 31, 2018:(%)

24,005－

44.7－

16,58920,292(－%)

Ordinary
income/Totalassets(Yen)

Reference:
Share of profit of entities accounted for using equity method (millions of yen):

29.6

24,927(Yen)(Millions of yen)(%)

(Millions of yen)

17,952((11.5%)) Mar. 2018 term:

Mar. 2019 term:

Profit attributable toowners of the Parent

Ordinary income

814(2) Consolidated financial position
Total assets

Total net assets

Shareholders' equity ratio(Millions of yen)

(Millions of yen)

(%)

(Yen)

708,855684,921410,350
395,779

57.7
57.6

1,622.05
1,564.37

Mar. 31, 2019
Mar. 31, 2018
Reference:
Shareholders' equity (millions of yen):Mar. 31, 2019:409,254

Mar. 31, 2018:

Total net assets per share

394,701

Note: The Company applied “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Corporate Accounting Standard No. 28, February16,2018),etc. from the beginning of FY2018.
The figure as of March 31, 2018 is based on retroactive application.

(3) Consolidated cash flows
Cash flows from operating activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at term-end(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

(55,259)
5,539(4,662)
11,736(13,878)
33,781

160,841
235,394

Mar. 2019 term
Mar. 2018 term

2. Dividends
Annual dividends per share (Yen)

Total dividends(annual)Payout ratio(consolidated)

Dividends/shareholders'equity(consolidated)

1Q term-end

2Q term-end

3Q term-end

Term-end

Annual(Millions of yen)

(%)

(%)

Mar. 2018 term

－－－

25.00

25.00

6,307

38.0

1.6

Mar. 2019 term

－－－

28.50

28.50

7,190

30.0

1.8

Mar. 2020 term (Forecast)

－－－

12.00

12.00

3. Earnings forecasts for FY2019 (April 1, 2019 - March 31, 2020)
Net sales

Full Year

Note: Percentage indicate changes from the previous term.

Operating income

Ordinary income

Profit attributable toowners of the Parent(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

500,000(19.3)

19,000(18.3)

26,000(19.5)

10,000(58.3)

Earnings pershare(Yen)

Full Year

30.3

39.63

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JGC Corporation

4. Others(1) Changes in scope of consolidated important subsidiaries(increase)
None(decrease)None(2) Changes of accounting principles, procedures and presentation① Changes due to revisions of accounting standards:
None② Changes other than the above ①:None③ Changes in accounting estimates:
None④ Restatement:
None(3) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Mar. 2019 term:

259,052,929

Mar. 2018 term:

259,052,929

Mar. 2018 term:

6,745,465

Mar. 2018 term:

252,307,844② Number of treasury stock at term-end:
Mar. 2019 term:

6,746,081③ Average number of shares outstanding at term-end:
Mar. 2019 term:

252,307,128(1) This document is unaudited by certificated public accountants or audit firms.
(2) 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 andexchange rate fluctuations.

(3) Forecasts based on : 110.00 yen/US$ 1.00

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JGC Corporation

Consolidated Balance Sheets

March 31,

March 31,

2019

2018

(Millions of yen)

(Millions of yen)

ASSETS
Current assets
Cash and depositsNotes receivable, accounts receivable from completedconstruction contracts and otherCosts on uncompleted construction contracts
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Accounts receivable
Other
Allowance for doubtful accounts

160,841
232,682

195,394
186,672

24,471
4,765
2,809
3,981
4,029
93,545
15,795(1,174)
541,747

20,633
3,958
2,452
2,835
46,474
43,25019,937(290)
521,320

59,91464,574
18,491
314
935
4,402
(93,191)
55,44056,05662,995
18,5501,361
2,385
4,384(90,512)
55,222

Software
Other

4,180
5,862
10,043

3,046
6,719
9,766

Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

68,993
4,626
604
25,197
10,179(7,978)
101,623
167,107
708,855

69,818
8,473
425
16,648
11,702(8,456)
98,612
163,600
684,921

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture and fixtures
Land
Leased assets
Construction in progress
Other
Accumulated depreciation

Total property, plant and equipment
Intangible assets

Total intangible assets-------------------Investments and other assets

Total investments and other assets
Total non-current assets
Total assets

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JGC Corporation

March 31,

LIABILITIESCurrent liabilities

Notes payable, accounts payable for construction contracts andother

March 31,

2019

2018

(Millions of yen)

(Millions of yen)

92,091

89,164614

13,362

3,010
74,104
1,153
17,765
6,604
83
28,131
223,559

4,815
47,4281,444
21,8186,725
175
30,839215,773

50,0003,949
15,874
305
1,464
649
1,014
1,687
74,945298,504

50,0004,294
15,829
291
240
1,014
1,697
73,368289,142

23,51125,609376,145(6,738)418,526

23,51125,609355,572(6,737)397,955

Valuation difference on available-for-sale securities

7,239

11,168Deferred gains or losses on hedges

(276)

(517)

(10,891)(3,968)(1,375)(9,272)
1,096
410,350
708,855(10,919)(1,169)(1,815)(3,253)
1,077
395,779
684,921

Short-term loans payable
Income taxes payable
Advances received on uncompleted construction contracts
Provision for warranties for completed construction contracts
Provision for loss on construction contracts
Provision for bonuses
Provision for directors' bonuses
Other

Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Provision for directors' retirement benefits
Provision for loss on business liquidation
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other

Total non-current liabilities
Total liabilities－NET ASSETS
Shareholders' equity:
Capital stock
Capital surplus
Retained earnings
Treasury shares

Total shareholders' equity
Accumulated other comprehensive income:

Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

Total Accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

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JGC Corporation

Consolidated Statements of Income
Mar. 2019 term

Mar. 2018 term

(Apr. 1, 2018 Mar. 31, 2019)(Millions of yen)

(Apr. 1, 2017 Mar. 31, 2018)(Millions of yen)

Net sales

619,241

722,987

Cost of sales

574,279678,038

Gross profit

44,962

44,949Selling, general and administrative expenses

21,712

23,453Operating income

23,24921,495Non-operating income:Interest income

3,799

2,863

Dividend income

2,654

2,817

Share of profit of entities accounted for using equity method

3,218

814

664

969

10,337

7,464

Non-operating expenses:
Interest expenses

392

512

Bond issuance cost－

213

Foreign exchange losses

528

2,620

Other

361

685

1,281

4,032

32,30424,927

－

8,935

2,371

50

Gains on sales of shares of subsidiaries and associates

－

1,394

Reversal of allowance for investment loss

－

774

261

6,702

2,633

17,857

Impairment loss

574－

Loss on sales of investment securities

150－

1,456

－

－

4,908

239

6,210

2,421

11,11932,516

31,665

Income taxes - current

15,081

10,590

Income taxes - deferred(6,803)

4,262

8,277

14,85324,23816,812

232

222

24,005

16,589

Other
Total non-operating income

Total non-operating expenses
Ordinary income
Extraordinary income:Gain on transfer from business divestitures
Gain on sales of investment securities

Other
Total extraordinary IncomeExtraordinary loss:

Provision for loss on business liquidation
Provision of allowance for doubtful accounts
OtherTotal extraordinary loss
Profit before income taxes
Income taxes:

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of the parent

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JGC Corporation

Statements of Consolidated Comprehensive Income

ProfitOther comprehensive income:

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

Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

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Mar. 2019 term

Mar. 2018 term

(Apr. 1, 2018 Mar. 31, 2019)(Apr. 1, 2017 Mar. 31, 2018)(Millions of yen)

(Millions of yen)

24,23816,812(3,929)233(3,156)
479
86

3,213
(72)
(414)
725
27

(6,285)
17,952

3,480
20,292

17,726
226

20,056236

JGC Corporation

Consolidated Statements of Cash Flows

Cash flows from operating activities:
Profit before income taxes
Depreciation
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expense
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity method
Loss (gain) on sales of investment securities
Loss (gain) on sales of shares of subsidiaries and associates
Loss (gain) on sales of non-current assets
Loss (gain) on transfer from business divestitures
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 uncompleted contstruction contracts
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Cash flows from operating activities
Cash flows from investing activities:

Mar. 2019 term

Mar. 2018 term

(Apr. 1, 2018 Mar. 31, 2019)(Apr. 1, 2017 Mar. 31, 2018)(Millions of yen)

(Millions of yen)

32,516
7,291
574
886
(4,003)97(6,453)392(581)(3,218)(2,220)－6－(46,936)(6,223)(52,533)
4,010
26,901
4,124(45,368)

31,665
7,427
－
6,444
(9,214)(65)(5,681)
512
112
(814)
(50)
(1,394)(6,541)(8,935)
5,061
13,930(21,376)(5,611)
2,514
1,343

9,325

7,358
(471)
(16,778)

6,104
(459)
(9,430)(55,259)

5,539(7,321)83－(2,343)(2,451)
5,942
1,866
(439)

(7,190)15,237
14,879(2,379)(7,328)
1,947－(3,428)(4,662)

11,736－(5,221)2(1,850)(1)(6,310)
(208)
(288)

50,000(786)
2(7,269)(1)(7,569)
(203)
(390)

Cash flows from financing activities
Effect of exchange rate changes on cash and cash equivalents:(13,878)

33,781(752)(1,267)

Net increase (decrease) in cash and cash equivalents:
Cash and cash equivalents at beginning of period:
Cash and cash equivalents at end of period:(74,552)

49,791

235,394
160,841

185,603
235,394

Purchase of property, plant and equipmentProceeds from sales of property, plant and equipment
Proceeds from business divestitures
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from liquidation of subsidiaries and associates
Other

Cash flows from investing activities
Cash flows from financing activities:

Proceeds from issuance of bonds
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Net decrease (increase) in treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other

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JGC Corporation

Segment Information【 Information by business segment 】
FY 2017 (April 1, 2017 - March 31, 2018)

Total engineering(Millions of yen)Segment
Functional
Materials
Manufacturing

Sub total

OthersGrand total Adjustment Consolidated

Net sales
External customers
670,086
42,140712,227
10,759722,987－722,987
Inter-segment
419
5425
2,126
2,551
(2,551)－42,146
Total
670,506
712,652
12,886
725,539(2,551)
722,987
18,7417,199
2,606
Segment profit
11,541
21,348146
21,495
Segment asset
598,15850,514
648,672
46,192
694,864(9,943)684,921
Other item
7,427
(56)
Depreciation and amortization
2,932
2,426
5,358
2,124
7,483
2,635
Capital expenditures
5,853
8,489
578
9,067
－9,067*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

FY 2018 (April 1, 2018 - March 31, 2019)

Total engineering(Millions of yen)Segment
Functional
Materials
Manufacturing

Sub total

OthersGrand total Adjustment Consolidated

Net sales
External customers
564,045
45,996610,042
9,198
619,241－
619,241
Inter-segment
177
7
184
2,081
2,266
(2,266)－
Total
564,22246,004
610,227
11,280621,507(2,266)619,241
7,400
21,178
1,989
23,16881
23,249Segment profit
13,778Segment asset
629,974
56,218686,192
29,915716,108(7,252)
708,855
Other item
Impairment loss
574－574－574－574Depreciation and amortization
3,352
2,496
5,849
1,445
7,294
(3)
7,291
Capital expenditures
5,040
3,249
8,290
336
8,627
－8,627*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.
*4: Coinciding the issuing of the Consolidated for FY2018, JGC changed the name of this segment from “Catalysts and Fine Products Business” to“Functional Materials Manufacturing Business”. As the change was only in the segment name, there is no change in any other information forthis segment. In addition, the new segment name is also applicable for FY2017.

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JGC Corporation

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2018
Business area

Outstanding
Contracts

NewContracts

Oil and gas development

277

2,601

1,320

1,558

8,427

20,986

19,797

9,616

－517

304

212

Chemical49,417

30,68532,964

47,137

Power generation, nuclear power andnew energy

137,977

28,10078,08387,995

Living and general production facility

18,271

26,99013,92031,341

Environmental protection, socialdevelopment and IT

24,68916,86815,98525,573

Others

1,233

6,604

6,819

1,018

Subtotal

240,294

133,354

169,195

204,454

Oil and gas development

226,705

34,921

118,671

142,954

Petroleum refining

98,234

24,46867,501

55,201

LNG

252,746

665,418

187,512730,653

Chemical

8,150

64,184

10,28462,050Power generation, nuclear power andnew energy

15,177

4,182

11,623

7,736

Living and general production facility(14)

4,387

1,758

2,613

Environmental protection, social
development and IT

307

77

147

237

Petroleum refining

DomesticLNG

Overseas

March 31, 2019
Outstanding
Contracts

Sales

Others

4,555
4,457
6,549
2,463
605,862
Subtotal
802,096404,048
1,003,910
Total Engineering Business
845,018
926,364
564,045
1,207,337
Others Business
1,138
9,087
9,198
1,027
Subtotal
846,157
935,451
573,244
1,208,365
Functional Materials Manufacturing－45,996－－
Grand Total
846,157
935,451
619,241
1,208,365*1 Figures for each business area are exclusive of consumption and other taxes.
*2 The balance as of the end of previous fiscal year for outstanding contracts of "Total Engineering
Business" and "Others Business" have been revised to reflect foreign currency translation adjustments
and changes in contract amounts for the period as follows:(Millions of yen)

Business area

Foreigncurrencytranslation
adjustment

Revision forchanges incontractamounts

Total

Oil and gas development

2,050(28,485)(26,434)

Petroleum refining

8,757

(1)

8,756

(17,428)(258)(17,687)

Chemical(285)(3,204)(3,489)Power generation, nuclear power andnew energy(630)－(630)

Living and general production facility

(16)

(58)

(74)

Environmental protection, social
development and IT

(0)

－(0)

(381)

(502)

(883)

(32,510)(32,242)(267)(40,443)(40,157)
(286)

LNG

Others(7,933)
Total
Total Engineering Business(7,914)(18)
Other Business*3 All amounts are rounded down to the nearest million yen.

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