[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose
only. In case that there is any discrepancy between the original Japanese version and this English version, the Japanese version shallprevail. (All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)February 10, 2023

Summary-Consolidated Third Quarter Financial Statements(For the fiscal year ended March 31, 2023)
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

Note: All amounts are rounded down to the nearest million yen.

1. Consolidated financial results for 3Q of fiscal year ended March 31, 2023 (April 1, 2022 - December 31, 2022)
Note: Percentage indicates changes from the previous term.
(1) Consolidated financial results
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent(Millions ofyen)

3Q of Fiscal year ended March
31, 2023
3Q of Fiscal year ended March
31, 2022

416,618(Millions ofyen)(%)(Millions ofyen)

(%)

(%)

30.4

25,31965.1

33,494

68.6

22,551－

4.8

15,332(11.5)

19,8707.3(44,397)－

319,442

3Q of fiscal year ended

Note: Comprehensive income (millions of yen)

3Q of Fiscal year ended March
31, 2023
3Q of Fiscal year ended March
31, 2022(Millions ofyen)(%)

29,949March 31, 2023:

Earnings
per shareEarnings
per share(diluted)

(Yen)

(Yen)

89.27

－(175.81)－

3Q of fiscal year ended(ー%)(44,166)

March 31, 2022:(ー%)(2) Consolidated financial position
Total assets

Total net assets

Equity ratio(Millions of yen)

(Millions of yen)(%)

715,393

As of December 31, 2022

413,901

694,274

As of March 31, 2022
Reference: Equity (millions of yen):

57.8

387,662

As of December 31, 2022:

413,246

55.8

As of March 31, 2022:

387,145

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

2Q
term-end3Qterm-end

Term-end－－－

15.00

15.00

－－－
36.00

36.00

Fiscal year ended March 31,2022
Fiscal year ended March 31,2023
Fiscal year ended March 31,2023 (Forecasts)
Note: Revision to the latest forecast announcement:

None

3. Earnings forecasts for fiscal year ended March 31, 2023
(April 1, 2022 - March 31, 2023)
Net sales

Full Year

Note: Percentage indicates changes from the previous term.

Operating profit(Millions ofyen)(%)

600,000

40.1

Note: Revision to the latest forecast announcement:

Annual(Millions ofyen)

Yes

34,000(%)

64.3

Ordinary profit(Millions ofyen)

46,000(%)

53.2

Profit attributable toowners of parent(Millions ofyen)

30,000(%)－Earnings
per share(Yen)

118.76

4. Others(1) Changes in scope of consolidated important subsidiaries(Newly added)
None(Excluded)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(a) Changes due to revisions of accounting standards:(b) Changes other than the above (a):(c) Changes in accounting estimates:(d) Restatement:

Yes
None
None
None

(4) Number of shares outstanding(a) Number of shares outstanding at term-end (including treasury shares):
As of December 31, 2022:

259,409,926

As of March 31, 2022:

259,336,682

6,750,512

As of March 31, 2022:

6,750,140

3Q of Fiscal year ended March 31, 2022:

252,526,276(b) Number of treasury shares at term-end:
As of December 31, 2022:(c) Average number of shares outstanding during this period:
3Q of Fiscal year ended March 31, 2023:

252,622,981(ⅰ) This document is unaudited by certificated public accountants or audit firms.
(ⅱ) The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks anduncertainties.
Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or businessenvironment and exchange rate fluctuations.
(ⅲ) Forecasts based on: 130.00 yen/US$ 1.00

Consolidated Balance Sheet

As of March 31,2022

As ofDecember 31,2022(Millions of yen)

(Millions of yen)

ASSETS
Current assets
Cash and deposits
Notes receivable, trade receivables, contract assets and other
Costs on construction contracts in progress
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts

288,159
141,222

330,987
126,667

23,804
6,659
2,970
3,596
64,4236,069(3,562)

26,854
6,835
5,399
4,640
30,426
11,369(3,848)533,343539,331

74,181
71,133
18,617
1,079
803
4,795
(101,075)

75,22073,305
18,6931,205
2,344－(99,194)

69,534

71,574

7,228
2,447

9,123
403

9,676

9,526

55,837
8,640
1,506
13,557
16,002(13,824)

64,113
11,113
1,499
15,85917,592(15,219)

Total investments and other assets

81,72094,960Total non-current assets

160,930

176,062

Total assets

694,274

715,393

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 equipmentIntangible assets
Software
Other

Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
OtherAllowance for doubtful accounts

As of March 31,2022

As ofDecember 31,
2022(Millions of yen)

(Millions of yen)

LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts andother
Short-term borrowings
Current portion of bonds payable
Current portion af long-term borrowing
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on construction contracts
Provision for warranties for completed construction
Other

63,25880,552

2,167
30,0008,660
5,244
109,756
6,880
274
384
1,074
26,1352,125
10,000489
2,063
111,694
7,676
433
906
1,048
38,858

253,836

255,849

20,00011,496
15,88410,00014,096
16,213

210

223

1,089
1,014
3,080

1,483
1,014
2,611

52,77545,642306,612301,492

23,672
25,770342,198(6,740)23,73325,831360,960(6,741)

384,901

403,783

6,311
3,786
(10,891)
3,462(424)8,4242,552(10,891)
9,908
(530)

2,244

9,462

517

655

Total net assets

387,662

413,901

Total liabilities and net assets

694,274

715,393

Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other

Total non-current liabilities
Total liabilities
NET ASSETS
Shareholders' equity
Share capital
Capital surplusRetained earnings
Treasury shares

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

Total accumulated other comprehensive income
Non-controlling interests

Consolidated Statement of Income

3Q of Fiscal year
ended March 31,
2022

3Q of Fiscal year
ended March 31,
2023(Apr. 1, 2021 Dec. 31, 2021)(Apr. 1, 2022 Dec. 31, 2022)(Millions of yen)

(Millions of yen)

Net sales

319,442416,618

Cost of sales
Gross profit
Selling, general and administrative expenses

288,327
31,114
15,782

371,589
45,02919,709Operating profit

15,332

25,319Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using equity method
Other

816
1,135
149
1,850
800

4,341
1,689
1,708
1,216
192

Total non-operating income

4,752

9,148

135
78

863
109

214

972

19,87033,494－177－
01,267－
2,079
23

178

3,370

0
173
58,065245

83923－
189

58,485

1,195(38,435)

35,669

Income taxes

5,973

13,158

Profit (Loss)(44,409)22,511

Loss attributable to non-controlling interests

(12)

(40)

Profit (Loss) attributable to owners of parent(44,397)

22,551Non-operating income

Non-operating expenses
Interest expenses
Other

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on change in equity
Gain on liquidation of subsidiaries and associates
Gain on sale of receivables
Other

Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on valuation of investment securities
Loss on Ichthys LNG Project
OtherTotal extraordinary losses
Profit (Loss) before income taxes

Consolidated Statement of Comprehensive IncomeProfit (Loss)

3Q of Fiscal year
ended March 31,2022

3Q of Fiscal year
ended March 31,2023(Apr. 1, 2021 Dec. 31, 2021)(Apr. 1, 2022 Dec. 31, 2022)(Millions of yen)

(Millions of yen)

(44,409)22,511

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

(571)
566
(161)
(40)

(206)
(3,207)
4,123
(84)

450

6,814

Total other comprehensive income

242

7,438

(44,166)

29,949(44,154)

29,769(12)

179

Other comprehensive income

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Segment Information【 Information by business segment 】
3Q of Fiscal year ended March 31, 2022 (April 1, 2021 - December 31, 2021)(Millions of yen)Segment
Functional

TotalEngineering

OthersMaterials

Grand total

Adjustment

Consolidated

Subtotal

Manufacturing

Net sales
External customers

285,319

32,824

318,143

1,298

319,442－

319,442

21－

21

1,441

1,463

(1,463)－

Total

285,341

32,824

318,165

2,739

320,905(1,463)

319,442

Segment profit (loss)

13,565

5,708

19,274(166)

19,107(3,775)

15,332

Inter-segment*1: "Others" includes Specialized Consulting Services Business, Office Support Services Business, Water Desalination Business, and Oil and Gas
Production Sales Business.
*2: Adjustments to segment profit (loss) include corporate expenses not allocated to individual segments and the elimination of transactions betweensegments.
*3: Segment profit (loss) is adjusted with the operating profit figure from the Consolidated Statement of Income.

3Q of Fiscal year ended March 31, 2023 (April 1, 2022 - December 31, 2022)(Millions of yen)Segment
Functional

Total
Engineering

OthersMaterials

Grand total

Adjustment

Consolidated

Subtotal

Manufacturing

Net sales
External customers

377,841

36,011

413,852

2,765

416,618－

416,618

14

116

1,821

1,837

(1,837)－Total377,855

36,013413,869

4,587

418,456(1,837)

416,618

Segment profit

22,8385,911

28,750608

29,359(4,039)25,319Inter-segment*1: "Others" includes Specialized Consulting Services Business, Office Support Services Business, Water Desalination Business, and Oil and Gas
Production Sales Business.
*2: Adjustments to segment profit include corporate expenses not allocated to individual segments and the elimination of transactions betweensegments.
*3: Segment profit is adjusted with the operating profit figure from the Consolidated Statement of Income.
【 Changes in business segment 】
The group administrative expenses of JGC Holdings Corporation, which were previously allocated to individual segments, are included in"Adjustment" as a corporate expense not allocated to individual segments due to a change in the method of performance management from the firstquarter of the current fiscal year.
The segment information for the third quarter of the previous consolidated fiscal year is presented based on the calculation method adopted after thechange.

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2022

Business area
Total Engineering Business

OutstandingContracts

December 31, 2022
New
Contracts

Sales

Outstanding
Contracts

1,207,832

669,611377,841

1,581,148

4,708
37
32,971
123,710
15,476
176,905
72,67262
1249,642

16,26417
14,70848,631645
80,266
20,7701,311
534
102,882

9,304
17
19,89328,725
9,990
67,93018,779790
133
87,633

11,668－27,786
143,362
6,126
188,944
74,663
583
402
264,594509,212417,813
11,957
8,093
748
947,826
7,928
2,434
－
958,1907,080
998
1,215,911

330,548
145,548
63,2162,054
9,520
550,888
13,8081,898
133
566,728
36,756
6,049
712,416

98,913
162,750
12,366
7,570
2,611
284,211
1,859
4,010
126
290,208
36,011
2,765
416,618

798,443
422,029
64,746
3,082
7,234
1,295,536
20,534478
41,316,554
7,825
4,302
1,593,276

Energy Transition
Oil and gas
LNG
ChemicalClean energy
Domestic

OthersSubtotal
Healthcare & Life sciences
Industrial & Urban infrastructure
OthersDomestic Subtotal
Energy Transition
Oil and gas
LNG
ChemicalClean energy

Overseas

OthersSubtotal
Healthcare & Life sciences
Industrial & Urban infrastructure
OthersOverseas Subtotal

Functional Materials Manufacturing Business
Other Businesses
Grand Total*1: New contracts for "Functional Materials Manufacturing Business" are contained in the figure for the grand total because the calculation
method for new contracts has been changed from the first quarter of the current fiscal year.
*2: The figure for outstanding contracts for "Total Engineering Business" at the end of the third quarter of the current fiscal year includes anupward adjustment of ¥81,547 million due to foreign currency translation, amendments and changes in contract amounts and others in thethird quarter of the current fiscal year.
*3: The figure for outstanding contracts for "Other Businesses" at the end of the third quarter of the current fiscal year includes an upward
adjustment of ¥20 million due to foreign currency translation, amendments and changes in contract amounts and others in the thirdquarter of the current fiscal year.