【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 11, 2017(For the fiscal year ended March 31, 2017)

Name of listed company: JGC Corporation
Code number: 1963
Representative
Title: Chairman and Representative Director
Name: Masayuki Sato
Contact
Title: General Manager, Finance & Accounting Department
Name: Takehiko Hirose
Scheduled Date of Ordinary Annual General Meeting of Shareholders:June 29, 2017
Scheduled Date of Payment of Dividends: June 30, 2017

Stock exchange: Tokyo

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

1. Consolidated Financial Results for FY2016 (April 1, 2016-March 31, 2017)(1) Consolidated financial results

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

Operating income

Net sales(Millions of yen)Mar. 2017 term
Mar. 2016 term(%)

693,152
879,954(21.2)
10.1

Comprehensive income (millions of yen):Earnings pershareMar. 2017 term
Mar. 2016 term(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

(21,496)
49,661－(15,215)
52,047－(22,057)
42,793－67.0

Mar. 2017 term:

Earnings per
Return on equity
share (diluted)

Ordinary
income/Total
assets

(Yen)

(%)

(%)

(%)

－－

(5.5)
10.6

(2.3)
7.4

(3.1)
5.6

632

107.4

35,939 (41.1%)

Operatingincome/Net
sales

(Yen)

Mar. 2017 term:

16.0(25,430) (-%) Mar. 2016 term:(87.42)
169.60

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

Profit attribute to owners of theParentOrdinary income

Mar. 2016 term:

716(2) Consolidated financial position
Total assets

Total net assets

Total net assets/Total assets(Millions of yen)

(Millions of yen)

(%)

(Yen)

646,291
689,782

383,260
419,67359.1
60.7

1,514.88
1,659.46

Mar. 31, 2017
Mar. 31, 2016

Reference:
Shareholders' equity (millions of yen):Mar. 31, 2017:(3) Consolidated cash flows
Cash flows from operating
activities

382,215

Mar. 31, 2016:

Total net assets per share

418,695

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)

(28,884)(49,764)(12,979)
8,696(19,674)(4,374)

185,603
247,947

Mar. 2017 term
Mar. 2016 term

2. Dividends
Total dividends
Annual dividends per share (Yen)(annual)Payout ratio(consolidated)

Dividends/shareholders'equity(consolidated)

Term-end

Annual(Millions of yen)

(%)

(%)

Mar. 2016 term
Mar. 2017 term

42.50
30.00

42.50
30.00

10,723
7,569

25.1
－

2.7
1.9

Mar. 2018 term
(Forecasts)

25.0025.00

30.00

3. Forecasts for FY2017 (April 1, 2017-March 31, 2018)

Entire term

Net sales(Millions of yen)(%)
680,000(1.9)

Operating income(Millions of yen)(%)
26,000－Earnings pershare(Yen)

Entire term

83.23

1/9

Ordinary income(Millions of yen)(%)
30,000－

Profit attributable toowners of the parent(Millions of yen)(%)
21,000－JGC Corporation

4. Others(1) Changes in scope of consolidated important subsidiaries
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:None③ Changes in accounting estimates:
None④ Restatement:
None(3) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Mar. 2017 term:

259,052,929

Mar. 2016 term:

259,052,929

Mar. 2016 term:

6,744,842② Number of treasury stock at term-end:
Mar. 2017 term:

6,744,765③ Average number of shares outstanding at term-end:
Mar. 2017 term:

252,308,351

Mar. 2016 term:

252,317,463(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) Forecasts based on: ￥110.00/US$1.00

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JGC Corporation

Consolidated Balance Sheets
ASSETS
March 31,

March 31,

2017

2016

(Millions of yen)

(Millions of yen)

185,603
196,199

239,947
175,876－35,026
3,764
2,210
2,968
23,252
12,411
20,940(1,512)
480,865

8,000
42,338
3,731
2,088
2,394
24,94911,98011,838(398)
522,747

62,36869,851
25,046
1,365
283
4,436
(93,474)
69,87765,52070,54425,380
1,206
217
5,356
(91,970)
76,255

1,526
7,798
9,324

1,773
12,612
14,38560,6045,770
190
12,447
8,630
(644)
(774)
86,223
165,425
646,291

63,496
5,195
193
5,998
6,660
(977)
(4,173)76,394
167,034
689,782

Current assets
Cash and deposits
Notes receivable, accounts receivable from completed construction
contracts and otherSecurities
Costs on uncompleted construction contracts
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable
Deferred tax assets
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
Lease 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
Allowance for investment loss

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

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JGC Corporation

March 31,2017

March 31,2016(Millions of yen)

(Millions of yen)

97,612

108,389

14,052
3,523
45,0402,850
31,261
6,009
61
2,815
23,231
226,457

15,338
3,741
37,9602,883
20,679
7,039
124
1,301
27,742
225,203

12,631
15,934
275
383
3,125
4,222
36,573
263,031

20,991
15,370
241
429
3,132
4,740
44,905
270,108

23,51125,609341,764(6,736)
384,148

23,51125,608374,625(6,735)417,009

7,954
(431)
(6,131)(755)(2,569)(1,933)
1,045
383,260
646,291

7,064
(503)
(6,115)
4,072(2,832)
1,685
978419,673
689,782

LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts
and other
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
Provision for loss on guarantees
Other

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

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedgesRevaluation 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. 2017
termMar. 2016
term

(Millions of yen)

(Millions of yen)

693,152

879,954

693,152

879,954691,700

806,995

691,700

806,995

1,452

72,958Gross profit on completed construction contracts

1,452

72,958Selling, general and administrative expenses

22,94823,297

Operating income (Loss)(21,496)

49,661Non-operating income:

9,160

6,730

Interest income

1,996

2,054

Dividend income

4,508

2,581

Rent income on non-current assets

637

636

Share of profit of entities accounted for using equity method

632

716

1,387

741

2,879

4,344

662

719

1,534

2,937

Rent expense on non-current assets

283

286

Other399

400

Ordinary income (Loss)(15,215)

52,047Extraordinary income:

7,166

21,302Gain on sales of investment securities

1,648

1,084

Reversal of allowance for investment loss

3,399

－

Reversal of provision for loss on guarantees

－

5,293

Reversal of allowance for doubtful accounts－

10,230Gain on liquidation of subsidiaries

1,867－

Other

251

4,692

Extraordinary loss:

11,30013,692

Impairment loss

5,927

1,660

Loss on valuation of investment securities

2,926

10,370

Provision for loss on guarantees

1,514

1,235

Other

932

425

(19,349)

59,657

2,493

16,688

Income taxes - current

9,974

9,078

Income taxes - deferred(7,480)

7,610(21,843)

42,968

Profit attributable to non-controlling interests

214174

Profit (Loss) attributable to owners of the parent(22,057)

42,793

Net sales:
Net sales of completed construction contracts

Cost of sales:
Cost of sales of completed construction contracts

Gross profit:

OtherNon-operating expenses:
Interest expense
Foreign exchange losses

Profit (Loss) before income taxes
Income taxes:

Profit (Loss):

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JGC Corporation

Statements of Consolidated Comprehensive Income
Mar. 2017term

Mar. 2016
term(Millions of yen)

(Millions of yen)

Profiｔ (Loss)(21,843)

42,968Other comprehensive income：(3,587)(7,028)Valuation difference on available-for-sale securities

890(3,208)Deferred gains or losses on hedges

87(45)

Revaluation reserve for land

－174

Foreign currency translation adjustment(4,828)(2,612)Remeasurements of defined benefit plans

265(1,339)

Share of other comprehensive income of entities accounted for using
equity method(1)

3(25,430)

35,939Comprehensive income (Loss) attributable to owers of the parent(25,661)

35,794Comprehensive income attributable to non-controlling interests

230

144

Comprehensive income (Loss)：

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JGC Corporation

Consolidated Statements of Cash Flows

Mar. 2017
termMar. 2016
term

(Millions of yen)(Millions of yen)

(19,349)
8,012
5,927
785
10,157613(6,504)
662
545
(632)
(1,648)(45)
187(1,867)(21,439)
6,385
1,497
(11,239)
7,035(3,738)(24,652)
6,707
(629)
(10,309)(28,884)

59,657
9,423
1,660(10,208)(14,944)
2,378(4,635)
719
4,270
(716)
(5,312)(200)
88－(42,315)(9,455)
4,067
3,354(47,460)
4,263(45,365)
5,110
(746)
(8,763)(49,764)(6,175)
1,107(1,328)
(635)
3,324
－
(6,015)(3,255)(3,537)1,424(1,800)(6,396)
17,900
1,871
156
(921)

(12,979)

8,696

(406)
3
(8,059)(0)(10,723)
(163)
(324)

3,076
4(1,731)(75)(5,302)
(187)
(159)

(19,674)(809)(4,374)(5,731)

Cash flows from operating activities:
Profit (loss) 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 (profit) loss of entities accounted for using equity method
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Loss (gain) on liquidation of subsidiaries
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
OtherSubtotal
Interest and dividend inxome received
Interest expenses paid
Income taxes paid
Cash flows from operationg activities

Cash flows from investing activities:
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from sales of shares of subsidiaries resulting in change in scope of consolidation
Decrease (increase) in short-term loans receivable
Other
Cash flows from investing activities

Cash flows from financing activities:
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
Cash dividends paid
Other
Cash flows from financing activities

Effect of exchange rate changes on cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents:
Cash and cash equivalents at beginning of period:
Increase in cash and cash equivalents from newly consolidated subsidiary:
Cash and cash equivalents at end of period:

7/9(62,346)(51,175)

247,9472

297,707
1,415

185,603247,947

JGC Corporation

Segment Information【 Information by business segment 】
FY 2015 (April 1, 2015 - March 31, 2016)
Total engineering(Millions of yen)Segment
Catalysts andfine products

Sub totalOthers

Grand total Adjustment Consolidated

Net sales
External customers
828,41437,628886,042
13,911
879,954－879,954
Inter-segment
162
0163
4,486
4,649
(4,649)－Total828,577
37,628866,205
18,397884,603(4,649)879,954
44,063
3,570
47,634
1,730
49,364296
49,661
Segment profit
Segment asset
601,945
43,136645,08154,034
699,115(9,333)689,782
Other item
Impairment loss－－－
1,660
1,660
－
1,660
4,482
2,081
6,563
3,024
9,587
(164)
9,423
Depreciation and amortization
2,873
4,196
7,069
2,195
9,264
18
9,283
Capital expenditures*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 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 2016 (April 1, 2016 - March 31, 2017)
Total engineering(Millions of yen)Segment
Catalysts andfine products

Sub totalOthers

Grand total Adjustment Consolidated

Net sales
External customers
643,377
39,918683,295
9,857
693,152－
693,152
Inter-segment
391
107
498
1,669
2,168
(2,168)－Total643,769
40,025
683,794
11,526695,320(2,168)693,152(29,399)
6,121(23,278)
1,606(21,671)
174(21,496)
Segment profit or loss
Segment asset
563,619
47,674
611,294
55,239666,533(20,241)646,291
Other item
Impairment loss
653
－
653
5,274
5,927
－
5,927
3,466
2,355
5,822
2,247
8,069
(56)
8,012
Depreciation and amortization
2,565
2,477
5,042
1,118
6,160
－
6,160
Capital expenditures*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production*2: Segment profit or loss is adjusted to eliminate transactions between segments.
*3: Segment profit or loss is adjusted with the operating loss figure from the Consolidated Statements of Income.

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JGC Corporation

Sales, Orders Received and Backlog (Consolidated)
March 31, 2017

March 31, 2016

Business area

Outstanding
Contracts

Domestic

Outstanding
Contracts

Sales

188

508

623

73

Petroleum refining

20,84420,01919,87020,993

LNG

22,707

2,239

11,46913,477

Chemical

6,338

38,414

20,79323,960Power generation, nuclear power andnew energy

57,817

115,973

34,267

139,523

Oil and gas development

Overseas

New
Contracts

Living and general production facility
Environmental protection, social
development and IT
Others

10,523

6,430

9,851

7,102

12,316

3,458

8,361

7,413

5847,651

7,504

730

Subtotal

131,321

194,696

112,743

213,274

Oil and gas development

165,672

159,080

92,499232,253

Petroleum refining

243,350

5,479

88,265160,564

LNG

590,090

100,380

316,074

374,396

Chemical

61,505

11,98835,42338,071434

20,1401,992

18,582

－

138

98

39

314

81

201

195

(64)

14,307

5,936

8,306

Power generation, nuclear power andnew energy
Living and general production facility
Environmental protection, social
development and IT
Others

1,061,304
Subtotal
311,596
540,491
832,410
1,192,625
Total
506,293653,2341,045,684*2(Incl. Total Engineering Business)
1,192,136
496,106
643,377
1,044,865(Incl. Others Business)
489
10,186
9,857
819－
Catalysts and Fine Products Business
39,918
－
－
**3
*3
*3
Grand Total
1,192,625
506,293
693,152
1,045,684*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
as follows:(Millions of yen)
ForeignRevision for
currencychanges in
Total
Business areatranslation
contract
adjustment
amounts
Oil and gas development

1,475

(118)

1,357

Petroleum refining

3,540

6,845

10,386

LNG(27,614)(22,643)(50,258)

ChemicalPower generation, nuclear power andnew energy
Living and general production facility
Environmental protection, social
development and IT
Others(4,998)(9,994)(14,992)(55)(3,202)(3,257)－(1)(1)－(643)

(643)

(280)

(20)

(301)

Total

(27,932)(29,778)(57,710)(Incl. Total Engineering Business)(27,748)(29,941)(57,690)(183)(Incl. Others Business)
163(20)*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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