Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 7, 2024
Company name: TOKYU CONSTRUCTION CO., LTD.
Listing: Tokyo
Securities code: 1720
URL: https://www.tokyu-cnst.co.jp/
Representative: Mitsuhiro Terada ,Representative Director ,President
Contact: Seiichi Ishiyama ,General Maneger,Finance Department
Telephone: +81-3(5466)5061
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended
June 30, 2024
55,251(12.1)
(953)
(482)
(94)
June 30, 2023
62,8602.3229928769(Note) Comprehensive income:Three months ended June 30, 2024:¥(917) million [-%]
Three months ended June 30, 2023:¥1,334 million [177.6%]
Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

(0.90)
7.32-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Net assets

Millions of yen

Capital adequacy ratio

Millions of yen

232,620
264,525
As of June 30, 2024:
As of March 31, 2024:¥¥%

97,889100,789
97,055 million
99,966 million

41.7
37.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-18.00

-

19.00

37.00

Fiscal year ending March 31, 2025

19.00

-

19.00

38.00

Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

NoneYear-endTotal3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings perNet sales
Operating profit
Ordinary profit
owners of parent
share

Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

310,000

8.5

5,000(38.7)

5,800(40.4)

4,400(39.4)

41.70(Note) Revision to the financial results forecast announced most recently:* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:Excluded:(Company name:NoneNone))(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

NoneYes(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
106,761,205 shares
March 31, 2024:
106,761,205 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
1,187,611 shares
March 31, 2024:
1,243,973 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
105,536,864 shares
Three months ended June 30, 2023:
105,153,770 shares
Note:The number of shares of treasury stock included the shares held by TOKYU CONSTRUCTION Employee
Ownership Association Trust and BIP Trust.
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
The forecasts given above are based on information currently available and certain premises regarded as reasonable, and do
not include any intent that the company will guarantee its achievement. The actual business result is inherently subject to avariety of risks and uncertainties, and may vary significantly from forecast due to factors including, but not limited to,changes in the economic or business environment and exchange rate fluctuations.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Costs on construction contracts in progress
Costs on real estate business
Real estate for sale
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Deposits received - real estate business
Provision for warranties for completedconstruction
Provision for loss on construction contracts
Provision for bonuses
Provision for loss on business liquidationDeposits received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Provision for share awards for directors (and otherofficers)
Provision for loss on real estate business and other
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

As of June 30, 2024

32,122

36,847

153,707

114,727

4,676
27
8,031
90
7,964
(78)
206,541

9,498
30
7,993
87
7,064
(77)
176,171

22,4781,460

22,8401,459

30,040
3
1,455
159
2,386
(0)
34,04557,984
264,525

28,026
3
1,472
253
2,392(0)32,14856,448
232,620

39,68730,01816,36833,207352

14,2899,080
50

11,971

19,692

14

31

6,497

6,512

6,631
2,707
19
15,1304,799
137,388

6,382
4,452
12
17,3201,815
109,659

21,521
993

21,480
-

18

18

2,415
309
1,089
26,347
163,735

2,010
447
1,113
25,071
134,730

(Millions of yen)
As of March 31, 2024
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
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

As of June 30, 2024

16,354
3,533
73,553(769)
92,672

16,354
3,533
71,440(732)
90,595

5,244

4,410

417
1,632
7,293
823
100,789
264,525

486
1,563
6,460
833
97,889232,620

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales
Net sales of completed construction contracts
Net sales in real estate business and otherTotal net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales in real estate business and otherTotal cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit on real estate business and otherTotal gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of investment securities
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent

For the three months
ended June 30, 2024

62,373487
62,86054,764
487
55,251

58,235
178
58,41451,519(99)
51,420

4,137
309
4,446
4,216
229

3,244
586
3,831
4,785(953)

4
83
630

5
109
379

51

195

38
808

26
717

36
0
73
110
928

67
100
76
245(482)

928
528
(389)
138
789
19
769

361
361
(121)
642
(677)
(35)
(86)
8(94)

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30, 2024
789(86)5345244(863)53(66)

(87)

45

544
1,334(831)
(917)

1,306

(928)

28

10