Consolidated Financial Results
for the Three Months Ended September 30, 2016
[Japanese GAAP]
November 11, 2016
Company name: Nippon Koei Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1954
URL: https://www.n-koei.co.jp/english
Representative: Ryuichi Arimoto, Representative Director and President
Contact: Toshihide Hattori, General Manager, Accounting Department
Phone: +81-3-3238-8040
Scheduled date of filing quarterly securities report: November 11, 2016
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: None
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended September 30, 2016 (July 1, 2016 to September 30, 2016)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2016
12,282
39.4(1,663)(1,569)(1,208)September 30, 2015
8,811
21.9
(2,050)(2,070)(1,519)(Note) Comprehensive income: Three months ended September 30, 2016: ¥(3,503) million [ - %]Three months ended September 30, 2015: ¥(2,093) million [ - %]Net income per share
Three months ended
September 30, 2016
September 30, 2015

Diluted net income
per shareYen(15.71)(19.90)Yen-(2) Consolidated Financial Position
Total assets
Net assets
As ofMillion yen
Million yen
September 30, 2016
105,991
47,227
June 30, 2016
100,989
51,460(Reference) Equity: As of September 30, 2016 : ¥46,905 million
As of June 30, 2016
: ¥51,122 million

Equity ratio
%
44.3
50.6

2. Dividends
1stquarter-end
Yen
-

2nd
quarter-end
Yen-

Annual dividends
3rdquarter-end
Yen-

Year-end

Total

Yen
Yen
Fiscal year ended June 30, 2016
10.00
10.00
Fiscal year ending June 30, 2017
Fiscal year ending June 30, 2017
75.00
75.00
(Forecast)(Note)(1) Revision to the forecast for dividends announced most recently: None
(2) The Company is planning to implement the share consolidation at a rate of one share for every five shares on the effective
date, January 1, 2017. “Year-end Dividends per share” at the end of fiscal year ending June 30, 2017 (Forecast) is listed thefigure calculated by considering the effect of the planned share consolidation. If the effect of the planned share consolidation
is not taken into account, “Year-end Dividends per share” at the end of fiscal year ending June 30, 2017 (Forecast) is
projected to be 15.00 yen. For details, please refer to No.2 under “* Explanation of the proper use of financial results forecast
and other notes”.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2017 (July 1, 2016 to June 30, 2017)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net income
Net sales
Operating income
Ordinary income
owners of parent
per share
Million yen%
Million yen%
Million yen%
Million yen%
Yen
Full year
105,000 28.3
6,000 27.0
6,300 44.3
3,600 97.5
234.00(Note)(1) Revision to the financial results forecast announced most recently: None
(2) “Net income per share” of full year in the Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2017is calculated by considering the effect of the share consolidation. If the effect of the share consolidation is not taken into
account, “Net income per share” of full year in the Consolidated Financial Results Forecast for the Fiscal Year Ending June30, 2017 is projected to be 46.80 yen. For details, please refer to No.2 under “* Explanation of the proper use of financial
results forecast and other notes”.
* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock):
As of September 30, 2016
: 86,656,510 shares
As of June 30, 2016
: 86,656,510 shares2) Total number of treasury stock at the end of the period:
As of September 30, 2016:
9,679,123 shares
As of June 30, 2016:
9,816,140 shares
3) Average number of shares during the period:
Three months ended September 30, 2016 : 76,922,315 shares
Three months ended September 30, 2015 : 76,353,189 shares* Presentation regarding the implementation status of the quarterly review procedures
At the time of disclosure of these quarterly financial results, quarterly review procedures for the quarterly consolidated
financial statements have not been completed.
* Explanation of the proper use of financial results forecast and other notes
1. The earnings forecasts and other forward-looking statements disclosed herein are based on information available to theCompany as of the date of publication of this document and certain assumptions deemed reasonable. Actual results, etc.
may differ significantly due to a wide range of factors. With regard to the assumptions and other related mattersconcerning forecasts for the fiscal year ending June 30, 2017, refer to “1 Analysis of Operating Results andFinancial Position” on page 2, contained in the attached documents.
2. Following the approval of the proposal concerning the share consolidation at the 72nd Ordinary General Meeting of
Shareholders held on September 29, 2016, the share consolidation at a rate of one share for every five shares will be
implemented on January 1, 2017 as the effective date. The Company is also planning to decrease the size of the Share
Unit from 1,000 shares to 100 shares on the same date.
If the effect of the share consolidation is not taken into account, forecast of dividends and Consolidated Financial Results
for the Fiscal Year Ending June 30, 2017 would be as follows:(1) Dividend Forecast for the Fiscal Year Ending June 30, 2017
Year-end Dividends per share
15.00 yen
(2) Consolidated Financial Results Forecasts for the Fiscal Year Ending June 30, 2017
Net income per share of full year
46.80 yen

Table of Contents of Attached Documents
1. Analysis of Operating Results and Financial Position ......................................................................................... 2(1) Analysis of Consolidated Operating Results ................................................................................................... 2(2) Analysis of Consolidated Financial Position ................................................................................................... 4(3) Consolidated Financial Results Forecast and Other Forward-looking Statements .......................................... 4
2. Matters Relating to Summary Information (Notes) ............................................................................................. 5(1) Changes in Significant Subsidiaries during the Period(Changes in scope of consolidations resulting from changes in subsidiaries) ................................................. 5(2) Accounting Policies Adopted Specially for the Preparation of
Quarterly Consolidated Financial Statements.................................................................................................. 5(3) Changes in Accounting Policies and Changes in Accounting Estimates andRetrospective Restatement............................................................................................................................... 5(4) Additional Information .................................................................................................................................... 5
3. Quarterly Consolidated Financial Statements...................................................................................................... 6(1) Quarterly Consolidated Balance Sheets ........................................................................................................... 6(2) Quarterly Consolidated Statements of Operating and Comprehensive Income............................................... 8(3) Quarterly Consolidated Statements of Cash Flows ......................................................................................... 9(4) Notes to Quarterly Consolidated Financial Statements ................................................................................. 10(Notes on Going Concern Assumption) ......................................................................................................... 10(Significant Changes in Shareholders’ Equity) .............................................................................................. 10(Segment Information)................................................................................................................................... 10
4. Supplementary Information ............................................................................................................................... 12(1) Status of Orders and Sales ............................................................................................................................. 12

1

1. Analysis of Operating Results and Financial Position(1) Analysis of Consolidated Operating Results
During the three months ended September 30, 2016 (from July 1, 2016 to September 30, 2016), Japan’s
economy continued on a moderate recovery path due to stable private consumption against the background ofsteady improvements in employment and income. Overseas economies continued to have a sense of
uncertainty due to economic downturns in emerging markets in China and other Asian countries, the UK’s
Brexit issue, and other factors.
The business environment of Nippon Koei Co., Ltd. (the “Company”) and its subsidiaries (together, the“Group”) continued to be stable, and each business segment had steady demand: front-load implementation ofbudget for public works for Domestic Consulting Operations; strategic exporting of infrastructure systems forInternational Consulting Operations; and renewal of power distribution equipment for Power Engineering
Operations. Regarding Urban & Spatial Development Operations, demand for architectural design in UK was
solid, although it was affected by the yen’s appreciation against the pound sterling.
Under these circumstances, based on the Medium-Term Management Plan “NK-AIM” (from July 2015 toJune 2018), with the fundamental principles of “Sustainable growth of 3 core businesses,” “Generation andexpansion of new business” and “Autonomy and collaboration”, the Group tackled the three focus themes of“Further advance of global expansion,” “Further expansion of business fields and improvement of profitability
by intensifying existing core businesses,” and “Demonstrating true merit of aggregated technologies forestablishment of new business domains.” As companywide measures to realize these goals, the Group actively
advanced “Development of next-generation core technologies, and further improvement of technical strengths
and productivity,” “Strengthening of human resource recruitment and training,” and “Promotion ofcollaboration and enhancement of corporate governance.”
As a result of the above, and due mainly to, acceptance of an order for consultant’s services relating to theGreater Cairo Metro Line No.4 phase 1 project in Egypt, and consolidation of the balance sheet of BDP
HOLDINGS LIMITED as well as its subsidiaries (together, “BDP”) from the end of the previous fiscal year.
Orders received increased 66.6% year on year to ¥35,915 million, net sales increased 39.4% year on year to¥12,282 million, operating loss decreased 18.9% year on year to ¥1,663 million, ordinary loss decreased
24.2% year on year to ¥1,569 million, and loss attributable to owners of parent decreased 20.5% to ¥1,208
million.
Net sales for the three months ended September 30, 2016 were ¥12,282 million, an achievement rate of
11.7% against the net sales forecast of ¥105,000 million for the fiscal year ending June 30, 2017 (three months
ended September 30, 2015: 10.8%). This is attributable to seasonal fluctuations that resulted in recorded net
sales being concentrated in the second half of the fiscal year, due to the concentration of consulting services
and product deliveries to government agencies and power companies, the Company’s major customers, in thesecond half. On the other hand, because expenses such as selling, general and administrative were generated
fairly evenly throughout the year, the Group recorded an operating loss, an ordinary loss, and a loss
attributable to owners of parent for the three months ended September 30, 2016.

2

Business results for each segment are as follows:[Domestic Consulting Operations]
Domestic Consulting Operations promoted increasing business areas and market share by specifying
significant businesses, improving profitability by restructuring work procedures, and effectively entering into
alliances.
As a result, orders received for the three months ended September 30, 2016, increased 31.0% year on year to¥15,589 million. Net sales decreased 14.3% year on year to ¥1,246 million. Operating loss increased 3.0%
year on year to ¥2,145 million. Ordinary loss increased 2.9% year on year to ¥2,135 million.
[International Consulting Operations]With the strength of our region-based operating systems in the four region of—Asia, Middle East and North
Africa, Sub-Saharan Africa, and Latin America—International Consulting Operations secured a stablebusiness foundation through the expansion of the share of Official Development Assistance (ODA) projects
and expanding business scale by urban development and Public-Private Partnership (PPP) businesses.
As a result, orders received for the three months ended September 30, 2016, increased 133.3% year on yearto ¥13,648 million. Net sales decreased 4.3% year on year to ¥3,467 million. Operating income was ¥75
million (an operating loss of ¥146 million was recorded for the three months ended September 30, 2015) andordinary income was ¥36 million (an ordinary loss of ¥383 million was recorded for the three months ended
September 30, 2015).
[Power Engineering Operations]
In the Power Engineering Operations, we worked to increase cost competitiveness through thorough cost
reductions, strengthen sales and marketing capabilities through proposing cost reduction plans, enhance fusionand cooperation among the business areas of consulting, products, and construction, promote products andtechnology development, and reinforce and expand mechanical and electromechanical consulting division.
As a result, orders received increased 1.5% year on year to ¥3,866 million. Net sales increased 16.2% year on
year to ¥4,134 million. Operating income increased 44.8% year on year to ¥806 million. Ordinary income
increased 46.0% year on year to ¥801 million.
[Urban & Spatial Development Operations]
Urban & Spatial Development Operations promoted expanding the scope of business in the urban
development and architectural design area by growing businesses within the UK and promoting collaborationin the Asian region.
As a result, the Group achieved orders received of ¥2,806 million, net sales of ¥3,260 million, operating
income of ¥76 million, and ordinary income of ¥116 million.
BDP became a consolidated subsidiary of the Company from the previous fiscal year, consolidating only thebalance sheets. Subsequently, BDP consolidated the statements of income from the three months ended
September 30, 2016.

3

[Real Estate Leasing Operations]Due to the decreased number of rental contracts caused by reconstruction of the headquarters building, net
sales decreased 19.5% year on year to ¥116 million, and both operating income and ordinary income
decreased 18.5% year on year to ¥91 million.

(2) Analysis of Consolidated Financial Position
Total assets at the end of the current first quarter amounted to ¥105,991 million, up ¥5,001 million from theend of the previous fiscal year.
In the Assets section, current assets were ¥50,921 million, an increase of ¥4,767 million from the end of theprevious fiscal year, due primarily to a ¥1,306 million increase in cash and deposits, a ¥3,697 million decreasein notes and accounts receivable - trade and a ¥6,308 million increase in work in process.
Non-current assets were ¥55,070 million, an increase of ¥233 million from the end of the previous fiscal year,
due primarily to a decrease in goodwill and trademark right from the impact of foreign currency translations ofoverseas subsidiary companies and increased investments in subsidiary companies and long-term loans
receivable.
In the Liabilities section, current liabilities were ¥36,564 million, a decrease of ¥6,543 million from the endof the previous fiscal year. This decrease was mainly attributable to a ¥10,000 million decrease in short-termloans payable and a ¥3,549 million increase in advances received.
Non-current liabilities were ¥22,199 million, an increase of ¥15,778 million from the end of the previous
fiscal year. This increase was mainly attributable to a ¥14,410 million increase in long-term loans payable.
Net assets amounted to ¥47,227 million, a decrease of ¥4,232 million from the end of the previous fiscal year.
The primary factors of this decrease were ¥1,208 million in loss attributable to owners of parent, ¥771 million
in cash dividends paid, and an increase in the debit balance of foreign currency translation adjustment of¥2,366 million in response to the yen’s appreciation.
As a result, the shareholders’ equity ratio decreased 6.3 percentage points from the end of the previous fiscal
year to 44.3%.

(3) Consolidated Financial Results Forecast and Other Forward-looking Statements
The consolidated financial results forecast for the fiscal year ending June 30, 2017 have not changed from theforecast announced in the Consolidated Financial Results for the Fiscal Year Ended June 30, 2016 dated
August 12, 2016.

4

2. Matters Relating to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period (Changes in scope of consolidations resulting
from changes in subsidiaries)
There were no material changes in subsidiaries.

(2) Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial
Statements(Deferral of cost variance)
Because most of the cost variance attributable to seasonal fluctuations due primarily to capacity utilization is
expected to be resolved by the end of the cost accounting period, it is deferred as other current liability.

(3) Changes in Accounting Policies and Changes in Accounting Estimates and Retrospective Restatement
There were no material changes in Accounting Policies and Changes in Accounting Estimates andRetrospective Restatement.

(4) Additional Information(Application of Implementation Guidance on Recoverability of Deferred Tax Assets)

Effective from the first quarter ended September 30, 2016, the Company adopted the Implementation
Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No. 26, March 28, 2016).

5

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)Previous fiscal year

Current first quarter(As of June 30, 2016)(As of September 30, 2016)

Cash and deposits

11,174

12,481

Notes and accounts receivable - trade

17,71514,017Work in process

12,253

18,562

Other

5,017

5,866

(8)

(6)

46,15350,921

Buildings and structures, net

6,079

6,031

Land

17,332

17,407

Other, net

1,148

1,266

Total property, plant and equipment

24,561

24,705

Goodwill

10,312

8,755

Other

6,308

5,341

Total intangible assets

16,62014,097

Investment securities

8,285

8,636

Other

5,529

7,792

AssetsCurrent assets

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets

Allowance for doubtful accounts

(160)

(161)

Total investments and other assets

13,654

16,267

54,83655,070100,989

105,991

Total non-current assets
Total assets

6

(Million yen)Previous fiscal year

Current first quarter(As of June 30, 2015)(As of September 30, 2015)

Notes and accounts payable - trade

5,105

4,556

Short-term loans payable

16,0006,000

Current portion of long-term loans payable

266

1,878

Income taxes payable

808

235

Advances received

8,181

11,731

Provision for bonuses

983

2,317

Provision for directors' bonuses

82

82

Provision for loss on construction contracts

59

104

Other

11,6209,657

Total current liabilities

43,10736,564

1,260

15,670Liabilities
Current liabilities

Non-current liabilities
Long-term loans payable
Provision for directors' retirement benefits

45

45

Provision for environmental measures

34

34

Net defined benefit liability

2,554

4,001

Other

2,526

2,448

Total non-current liabilities

6,421

22,19949,52958,764

Capital stock

7,393

7,393

Capital surplus

6,209

6,209

Retained earnings

40,821

38,841

Treasury shares(3,020)(2,977)

Total shareholders' equity

51,40349,466

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income(8)80Foreign currency translation adjustment

Valuation difference on available-for-sale securities(301)(2,668)Remeasurements of defined benefit plans

28

25

(280)

(2,561)337

322

51,46047,227

100,989

105,991

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

7

(2) Quarterly Consolidated Statements of Operating and Comprehensive Income
Three months ended September 30

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
State subsidy
Total extraordinary income
Extraordinary losses
Head office transfer cost
Loss on reduction of non-current assets
Total extraordinary losses
Loss before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Loss
Profit attributable toLoss attributable to owners of parent
Loss attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

8

For the three months
ended September 30, 2015
(From July 1, 2015
to September 30, 2015)
8,811
6,798
2,012
4,062
(2,050)(Million yen)
For the three months
ended September 30, 2016
(From July 1, 2016
to September 30, 2016)
12,282
8,378
3,903
5,567
(1,663)

34
39
123
35
233

36
45
41
123

6
246
253
(2,070)26
2
29(1,569)

42
42

-

38
38
(2,066)
203
(749)
(545)
(1,520)105
105(1,675)
200
(658)
(457)
(1,217)(1,519)(1)(1,208)
(9)

(485)
(84)
(2)
(572)
(2,093)89(2,372)(2)(2,286)(3,503)(2,080)(3,489)

(12)

(14)

(3) Quarterly Consolidated Statements of Cash Flows

Cash flows from operating activities
Loss before income taxes
Depreciation
Amortization of goodwill
Head office transfer cost
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for loss on
construction contracts
Interest and dividend income
Decrease (increase) in notes andaccounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in advances received
Decrease (increase) in consumption taxes
refund receivable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Payments for head office transfer cost
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) 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
Proceeds from sales of treasury shares
Purchase of treasury shares
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

9

For the three months
ended September 30, 2015
(From July 1, 2015
to September 30, 2015)(Million yen)
For the three months
ended September 30, 2016
(From July 1, 2016
to September 30, 2016)(2,066)
347
(84)
901

(1,675)
389
123
105
(1)
1,381

38

45

(73)

(82)

4,149

3,217

(6,124)
(923)
2,277

(6,290)
(483)
3,560

(1,471)

(443)

(512)
(3,542)39(4)(93)(1,480)(5,081)(1,264)(1,417)
42
(17)
(18)
(726)
(2,136)

70
(747)
(34)
(1,372)
(524)
15
608
(1,983)

(110)
(413)
(36)
(220)
(710)
228
0
(1,261)

3,000
(65)
44
(2)
(757)
(14)
2,205
(70)
(4,930)11,673
6,742(10,000)
16,121
(99)
55
(12)
(760)
(10)
5,294
(510)
1,386
9,400
10,787

(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
For the three months ended September 30, 2016 (from July 1, 2016, to September 30, 2016)

There is no relevant information.
(Significant Changes in Shareholders’ Equity)
For the three months ended September 30, 2016 (from July 1, 2016, to September 30, 2016)

There is no relevant information.
(Segment Information)
For the three months ended September 30, 2015 (from July 1, 2015, to September 30, 2015)
1) Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Urban &
Domestic International
Power
Real Estate
SpatialConsulting Consulting Engineering
Leasing
Development
Operations Operations Operations
Operations
Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,455

3,625

3,558

-

145

8,783

27

8,811

88

0

46

-

31

166

0

166

Total

1,543

3,625

3,605

-

176

8,950

28

8,978

Segment profit (loss)(2,074)

(383)

549

-

112

(1,795)(277)(2,073)(Note) “Others” refers to a group of operations from which no profits are gained or that produce only incidental gains.

2) Differences between total segment profit or loss and ordinary income or loss in the quarterly consolidated
statement of operations and comprehensive income and main details of these differences(Million yen)
IncomeAmountReportable segment total(1,795)

Loss of “Others” category(277)

Elimination of inter-segment transactions

2

Ordinary loss in the quarterly consolidated statement ofoperations and comprehensive income(2,070)10For the three months ended September 30, 2016 (from July 1, 2016, to September 30, 2016)
1) Information about net sales and income or loss for each reportable segment(Million yen)
Reportable segment
Urban &
Domestic International
Power
Real Estate
SpatialConsulting Consulting Engineering
Leasing
Development
Operations Operations Operations
Operations
Operations

Subtotal

Others(Note)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,246

3,467

4,134

3,260

116

12,22655

12,282

98

4

46

1

31

181

0

182

Total

1,345

3,472

4,180

3,262

148

12,40856

12,464

Segment profit (loss)(2,135)

36

801

116

91

(1,089)(494)(1,584)(Note) “Others” refers to a group of operations from which no profits are gained or that produce only incidental gains.

2) Differences between total segment profit or loss and ordinary income or loss in the quarterly consolidated
statement of operations and comprehensive income and main details of these differences(Million yen)
IncomeAmountReportable Segment total(1,089)Loss of “Others” category(494)

Elimination of intersegment transactions

14

Ordinary loss in the quarterly consolidated statement ofoperations and comprehensive income(1,569)3) Information concerning changes to reporting segments, etc.

In the previous fiscal year, the Company acquired the issued stock of BDP HOLDINGS LIMITED,
including it and its subsidiaries within the scope of consolidation. Following this event in the recorded
segment, the reportable segment “Urban & Spatial Development Operations” was added.
The segment information for the three months ended September 30 2015 disclosed as comparative
information to the three months ended September 30, 2016 is stated according to the revised
designation of the reporting segment.

11

4. Supplementary Information(1) Status of Orders and Sales
By period
Category/Operations

Net sales 2

Net sales 1

Orders received

Domestic Consulting
International consulting

5,850

27.1

13,64838.0

28,876

27.8

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

3,808

17.7

3,866

10.8

14,716

14.1

-

2,806

7.8

16,251

15.6

-

-

0

0.0

4

0.0

64

0.1

Total

21,555100.0

35,915100.0

104,019

100.0

Domestic Consulting

1,519

17.2

1,289

10.5

43,545

53.2

International consulting

3,882

44.1

3,895

31.7

23,362

28.6

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

3,264

37.0

3,719

30.3

14,421

17.6

3,260

26.5

-

145

1.7

116

1.0

514

0.6

Other

0

0.0

0

0.0

21

0.0

Total

8,811

100.0

12,282100.0

81,865100.0

Domestic Consulting

1,455

16.5

1,246

10.1

40,77849.8International consulting

3,625

41.1

3,467

28.2

22,07027.0

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

3,558

40.4

4,134

33.7

17,522

21.4

3,260

26.5

-

145

1.6

116

1.0

514

0.6

Other

27

0.4

55

0.5

979

1.2

Total

8,811

100.0

12,282100.0

81,865100.0

Category/Operations
Domestic Consulting
Impact of foreignexchange fluctuations

-

Other

By period

International consulting

As of September 30, 2015
As of September 30, 2016
As of June 30, 2016
AmountComposition
AmountComposition
AmountComposition(Million yen)(%)
(Million yen)(%)
(Million yen)
(%)
(845)

100.0

(251)

9.7

(2,940)Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

-

-

-

(2,326)

-

-

-

Other

-

-

-

Total
Outstanding Orders

For the three months ended
For the three months ended
For the fiscal year ended
September 30, 2015
September 30, 2016
June 30, 2016
AmountComposition
AmountComposition
AmountComposition(Million yen)(%)
(Million yen)(%)
(Million yen)(%)
11,89655.2
15,58943.4
44,109
42.4

100.0

90.3

-

(845)

100.0

(2,577)100.0(2,940)100.0

Domestic Consulting

38,35037.9

42,83832.9

28,53826.2

International consulting

52,55051.8

63,50348.8

54,001

49.5

Power Engineering
Urban & Spatial Development(Note 1)
Real Estate Leasing

10,451

10.3

10,3508.0

10,203

9.4

13,47010.3

16,251

14.9

0.0

49

Other

7

0.0

54

0.0

Total
101,359100.0
130,217100.0
109,044100.0(Notes) 1. Urban & Spatial Development Operations has been added to reportable segments due to the inclusion of BDP
HOLDINGS LIMITED and its subsidiaries, which were consolidated from the end of the previous fiscal year.

2. The above amounts are exclusive of consumption taxes.
3. The above amounts are for external customers.
4. Net sales 1 is by segment which received orders. Net sales 2 is by segment which provided services.
5. From the three months ended September 30, 2016, the impact of foreign exchange fluctuations is listed
separately from orders received, and the year for comparison is also reclassified.

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