[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In the case 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.)Aug 12, 2020

Consolidated First Quarter Financial Statements-Summary(For the fiscal year ended March 31, 2021)
Name of listed company: JGC HOLDINGS CORPORATION
Code number: 1963
Representative
Title: Representative Director, Chairman of the Board & Chief Executive Officer (CEO)Name: Masayuki Sato
Contact
Title: General Manager, Group Finance & Accounting Department
Name: Shinichi Taguchi

Stock exchange: Tokyo

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

1. Consolidated Financial Results for 1Q of Fiscal year ended March 31, 2021(April 1, 2020 - June 30, 2020)(1) Consolidated financial results

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

Net sales

Operating income(Millions of yen)

1Q of Fiscal year ended March 31,
2021
1Q of Fiscal year ended March 31,
2020

(%)

(Millions of yen)(%)

(Millions of yen)

96,858

(9.9)

4,219

46.6

107,454(26.5)

2,879(48.5)

Note: Comprehensive income (millions of yen):

1Q of Fiscal year ended March 31, 2021: 10,713(䠉ˍ)Earnings pershare

Earnings per share(diluted)

(Yen)

(Yen)

1Q of Fiscal year ended March 31,
2021
1Q of Fiscal year ended March 31,
2020

5.60

䠉

8.32

䠉

Profit attributable toowners of the parent

Ordinary income(%)(Millions of yen)(%)

4,377(17.8)

1,412(32.7)

5,328(38.2)

2,100(20.5)

1Q of Fiscal year ended March 31, 2020: (1,481)(ʷˍ)(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)(%)

656,697
671,273

398,655
390,979

60.6
58.2

As of June 30, 2020
As of March 31, 2020
Reference: Shareholders' equity (millions of yen):

As of June 30, 2020: 398,212

Shareholders' equity ratio

As of March 31, 2020: 390,516

2. Dividends
Annual dividends per share (Yen)
1Q term-end

2Q term-end3Q term-end

Term-end

AnnualFiscal year ended March 31, 2020

䠉䠉䠉

12.00

12.00

Fiscal year ended March 31, 2021

䠉䠉䠉

12.00

12.00

Fiscal year ended March 31, 2021(Forecasts)
Note: Revision of dividends forecasts during this period: None

3. Earnings forecasts for Fiscal year ended March 31, 2021 (April 1, 2020 - March 31, 2021)
Net sales
Full Year

Operating income

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

(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

480,000(0.2)

20,000(1.2)

23,000

2.8

8,000

94.3

Earnings pershare(Yen)

Full Year

Note: Percentage indicates changes from the previous term.

Ordinary income

31.70

Note: Revision of earnings forecasts during this period: None㻝㻛㻤JGC HOLDINGS CORPORATION

4. Others(1) Changes in scope of consolidated important subsidiaries(increase)
None(decrease)

None(2) Adoption of simplified accounting methods or special accounting methods for preparing quarterly consolidated financial statements: Yes(3) Changes of accounting principles, procedures and presentation
䐟 Changes due to revisions of accounting standards:
None䐠 Changes other than the above 䐟:None䐡 Changes in accounting estimates:
None䐢 Restatement:
None(4) Number of shares outstanding䐟 Number of shares outstanding at term-end (including treasury stock):
As of June 30, 2020:

259,110,861

As of March 31, 2020:

259,110,861

6,748,713

As of March 31, 2020:

6,748,713

1Q of Fiscal year ended March 31, 2020:

252,306,816

䐠 Number of treasury stock at term-end:
As of June 30, 2020:

䐡 Average number of shares outstanding during the period:
1Q of Fiscal year ended March 31, 2021:

252,362,148(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: 107.00 yen/US$ 1.00

㻞㻛㻤JGC HOLDINGS CORPORATION

Consolidated Balance Sheets

As of June 30,

As of March 31,2020

2020(Millions of yen)

(Millions of yen)

ASSETS
Current assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction 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

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
Software
Other

Total intangible assets-------------------Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

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

㻟㻛㻤

253,358
124,979

261,898
145,276

30,328
5,753
3,170
4,523
432
88,416
9,622(123)
520,461

22,989
5,366
2,636
3,687
437
84,073
11,748(158)
537,955

59,97359,40918,578722
988
4,424(94,724)
49,37259,852
59,255
18,581
770
910
4,422
(93,997)
49,794

4,723
5,278
10,002

4,869
5,312
10,181

46,6037,610
547
20,72013,932(12,553)
76,860136,236
656,697

44,807
8,026
569
21,713
11,241(13,016)
73,341
133,317671,273

JGC HOLDINGS CORPORATIONAs of June 30,

As of March 31,2020

2020(Millions of yen)

(Millions of yen)

LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts andother54,712

68,239229

227

Current portion of bonds payable

20,00020,000

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

2,932
72,304
913
8,300
8,382
85
38,578206,439

1,955
83,227976
11,1096,203
77
36,369228,386

30,000308
16,563
197
949
1,014
2,568
51,601
258,041

30,000347
16,718
253
959
1,014
2,614
51,907280,293

23,55425,653374,025(6,739)416,494

23,55425,653375,641(6,739)418,109

Valuation difference on available-for-sale securities

3,659

2,205

Deferred gains or losses on hedges(314)(1,004)(10,891)(9,280)(1,454)(18,281)443
398,655
656,697(10,891)(16,491)(1,411)(27,592)463
390,979
671,273

Short-term loans payable

Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Provision for directors' retirement benefits
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

㻠㻛㻤JGC HOLDINGS CORPORATION

Consolidated Statements of Income
1Q of Fiscal year
ended March 31,
2021

1Q of Fiscal year
ended March 31,2020Net sales

96,858

107,454

Cost of sales

87,73499,191Gross profit

9,123

8,262

Selling, general and administrative expenses

4,903

5,383

Operating income

4,219

2,879

Non-operating income:Interest income

486

1,005

Dividend income

511

1,108

Share of profit of entities accounted for using equity method

106942

Other

233

203

1,338

3,260

Non-operating expenses:
Interest expenses

52

36

Foreign exchange losses

990

739

Provision of allowance for doubtful accounts

48䠉

Other

89

35

1,180

811

4,377

5,328

65656ʷ

420643

Profit before income taxes

4,377

5,290

Income taxes

2,974

3,134

Profit

1,403

2,156

(9)

55

1,412

2,100

(Apr 1, 2020 Jun 30, 2020)(Millions of yen)

Total non-operating income

Total non-operating expenses
Ordinary income(Apr 1, 2019 Jun 30, 2019)(Millions of yen)

Extraordinary income:Gain on Sales of non-current assets
Total extraordinary Income
Extraordinary loss:
Loss on retirement of non-current assets
Other
Total extraordinary loss

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of the parent㻡㻛㻤

JGC HOLDINGS CORPORATIONStatements of Consolidated Comprehensive Income

1Q of Fiscal year
ended March 31,2021

1Q of Fiscal year
ended March 31,2020

1,450690
7,210
68(108)

(608)
(126)
(2,973)
74
(4)

9,310
10,713(3,637)(1,481)

10,723(9)(1,530)49(Apr 1, 2020 Jun 30, 2020)(Millions of yen)
1,403

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

㻢㻛㻤(Apr 1, 2019 Jun 30, 2019)(Millions of yen)
2,156

JGC HOLDINGS CORPORATION

Segment Information
䛆 Information by business segment 䛇
1Q of Fiscal year ended March 31, 2020 (April 1, 2019 - June 30, 2019)(Millions of yen)Segment
FunctionalOthers
Grand total Adjustment Consolidated
Total EngineeringMaterials
Sub total
Manufacturing
Net salesExternal customers
94,41011,866106,276
1,177
107,454ʷ
107,454
Inter-segment
19020369
389(389)
䠉Total
94,42911,867106,297
1,546
107,844(389)
107,454
Segment profit
1,004
1,628
2,632
226
2,859
20
2,879
*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit is adjusted to eliminate transactions between segments.
*3: Segment profit is adjusted with the operating income figure from the Consolidated Statements of Income.

1Q of Fiscal year ended March 31, 2021 (April 1, 2020 - June 30, 2020)(Millions of yen)Segment
FunctionalOthers
Grand total Adjustment Consolidated
Sub total
Total Engineering
Materials
Manufacturing
Net sales
External customers
86,181
10,342
96,523335
96,858
䠉
96,858Inter-segment416
461
468(468)
䠉Total
86,186
10,34396,529797
97,327(468)96,858Segment profit (loss)
2,850
1,542
4,392
(213)
4,179
40
4,219
*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit (loss) is adjusted to eliminate transactions between segments.
*3: Segment profit (loss) is adjusted with the operating income figure from the Consolidated Statements of Income.

㻣㻛㻤JGC HOLDINGS CORPORATION

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2020
Business area

Outstanding
Contracts

NewContracts

Oil and gas development

2,280

755

863

2,172

Petroleum refining

8,078

2,956

3,094

7,939

䠉

㸫

㸫䠉

Chemical

40,375

4,535

11,85033,061

Power generation, nuclear power andnew energy

66,923

1,831

7,74261,013

Living and general production facility

23,818

1,821

5,143

20,496

Environmental protection, social
development and IT

15,950951

3,776

13,125

Domestic

LNG

Outstanding
Contracts

Sales

606

1,906

155

2,357

Subtotal

158,034

14,75932,627140,166

Oil and gas development

71,98037,984

13,151

96,812OthersOverseas

June 30, 2020

Petroleum refining

47,215

1,092

4,063

44,244

LNG

603,863

23,01826,911

599,970

Chemical

56,202

1,259

8,500

48,961

Power generation, nuclear power andnew energy

155

12465

214

Living and general production facility

1,618

1,338

462

2,494

Environmental protection, social
development and IT

2,257

1391

1,868

Others

382
399
343
439
783,675
Subtotal
65,21853,889795,004
Total Engineering Business
941,076
77,88686,181
932,781
Others Business
633
2,091
335
2,389
Subtotal
941,710
79,97786,516935,171
Functional Materials Manufacturing䠉10,342䠉䠉Grand Total
941,710
79,97796,858935,171*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 incontract
amounts

Total

Oil and gas development(271)

Petroleum refining

177

(3)

173

1,888

1,603

LNG

(1,693)(1,965)Chemical99

(285)
(15)

Power generation, nuclear power andnew energy

(1)

226

225

Living and general production facility

(5)

3,931

3,926

Environmental protection, social
development and IT(14)(3,938)(3,952)Others

(2)

1,870
Total
Total Engineering Business
1,8700
Others Business*3: All amounts are rounded down to the nearest million yen.

㻤㻛㻤83

䠉

(2)

(1,778)(1,778)䠉92910