[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.)November 10, 2020

Consolidated Second 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 2Q of Fiscal year ended March 31, 2021 (April 1, 2020 - September 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)

2Q of Fiscal year ended March 31,
2021
2Q of Fiscal year ended March 31,
2020

(%)

(Millions of yen)(%)

(Millions of yen)

199,400(8.7)

11,50859.8

218,354(21.5)

7,203(30.1)

Note: Comprehensive income (millions of yen):

2Q of Fiscal year ended March 31, 2021: 15,119(䠉ˍ)Earnings per
share

Earnings per
share (diluted)

(Yen)

(Yen)

15.75

䠉

17.73

䠉

2Q of Fiscal year ended March 31,
2021
2Q of Fiscal year ended March 31,
2020

Profit attributable toowners of the parent

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

11,928

15.1

3,973

(11.2)

10,360(35.1)

4,474(36.5)

2Q of Fiscal year ended March 31, 2020: (3,453)(ʷˍ)(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)(%)

664,214671,273

403,150
390,979

60.6
58.2

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

As of September 30, 2020: 402,704

Shareholders' equity ratio

As of March 31, 2020: 390,516

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

2Q term-end

3Q 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)
Operating income

Net sales
Full Year

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㻝㻛㻥JGC HOLDINGS CORPORATION

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:
None(b) Changes other than the above (a):None(c) Changes in accounting estimates:
None(d) Restatement:
None(4) Number of shares outstanding(a) Number of shares outstanding at term-end (including treasury stock):
As of September 30, 2020:

259,214,827

As of March 31, 2020:

259,110,861

6,748,830

As of March 31, 2020:

6,748,713

2Q of Fiscal year ended March 31, 2020:

252,323,345(b) Number of treasury stock at term-end:
As of September 30, 2020:(c) Average number of shares outstanding during this period:
2Q of Fiscal year ended March 31, 2021:

252,391,813(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: 105.00 yen/US$ 1.00

㻞㻛㻥JGC HOLDINGS CORPORATIONConsolidated Balance Sheets

As of Sep. 30,

As of Mar. 31,2020

2020(Millions of yen)

(Millions of yen)

257,904
128,388261,898
145,276

33,647
5,957
3,484
4,002
425
84,9898,870(104)527,566

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

60,82559,984
18,574
780
1,180
4,402
(95,723)
50,02459,852
59,255
18,581
770
910
4,422
(93,997)
49,794

4,658
5,173
9,832

4,869
5,312
10,18147,054
7,697
527
20,526
13,566(12,581)
76,791
136,648664,21444,807
8,026
569
21,713
11,241(13,016)
73,341
133,317671,273

ASSETS
Current assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts and other
Costs 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
OtherAccumulated 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
OtherAllowance for doubtful accounts

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

㻟㻛㻥JGC HOLDINGS CORPORATIONAs of Sep. 30,

As of Mar. 31,

2020

2020

(Millions of yen)

(Millions of yen)

LIABILITIESCurrent liabilities
Notes payable, accounts payable for construction contracts andotherShort-term loans payable
Current portion of bonds 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
Other46,587

68,239230
20,0004,413
72,445
1,533
6,253
4,353
30
33,689189,536227
20,0001,955
83,227976
11,1096,203
77
36,369228,386

50,000316
16,491
207
863
1,014
2,633
71,527
261,064

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

23,61125,709376,586(6,739)419,168

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

Valuation difference on available-for-sale securities

3,897

2,205

Deferred gains or losses on hedges(154)(1,004)(10,891)(7,938)(1,377)(16,464)446
403,150664,214(10,891)(16,491)(1,411)(27,592)463
390,979
671,273

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
OtherTotal 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

㻠㻛㻥JGC HOLDINGS CORPORATION

Consolidated Statements of Income
2Q of Fiscal yearended March 31,2021

2Q of Fiscal year
ended March 31,2020(Apr. 1, 2020 Sep. 30, 2020)(Millions of yen)

(Apr. 1, 2019 Sep. 30, 2019)(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses

199,400
177,807
21,592
10,084

218,354
200,329
18,024
10,821

Operating income

11,508

7,203

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Other
Total non-operating income

773677
248
428
2,127

2,076
1,795
2,060
338
6,271

981,400
208
1,707
11,928

86
2,883
145
3,114
10,360

5
25
2
33

8
䠉
䠉
836
175
27
239
11,721
7,730
3,991

112
823
7
943
9,425
4,850
4,575

17

101

3,973

4,474

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Other
Total extraordinary income
Extraordinary loss
Loss on retirement of non-current assets
Loss on valuation of investment securities
Other
Total extraordinary loss
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of the parent㻡㻛㻥

JGC HOLDINGS CORPORATION

Consolidated Statements of Comprehensive IncomeProfit
Other 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 toComprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests㻢㻛㻥

2Q of Fiscal year
ended March 31,2021

2Q of Fiscal year
ended March 31,2020(Apr. 1, 2020 Sep. 30, 2020)(Millions of yen)
3,991

(Apr. 1, 2019 Sep. 30, 2019)(Millions of yen)
4,575

1,683
849
8,552
148
(106)

(1,118)(433)(6,090)
157(543)

11,128
15,119(8,028)(3,453)

15,10217(3,553)100

JGC HOLDINGS CORPORATION

Consolidated Statements of Cash Flows
2Q of Fiscal year
ended March 31,2021

2Q of Fiscal year
ended March 31,2020(Apr. 1, 2020 Sep. 30, 2020)(Millions of yen)

(Apr. 1, 2019 Sep. 30, 2019)(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
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
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity method
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in accounts receivable-otherIncrease (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on uncompleted contstruction contracts
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Cash flows from operating activities

11,7213,021(206)(4,824)(195)(1,450)132(248)
17,620(12,396)
7,604(22,771)(10,705)(1,911)

9,425
3,405
(110)
(1,699)194(3,872)(156)(2,060)97,273(2,731)
1,689(26,678)
41,567(2,847)(14,609)113,399

1,793(93)(4,644)

3,771(52)(3,886)(17,553)

113,232(3,436)53
7(3,170)1(583)(3,375)(3,752)20,000(3,028)(30)

䠉(7,189)(523)

16,940(7,712)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of investment securities
Other
Cash flows from investing activities

Cash flows from financing activities

Proceeds from issuance of bonds
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
Cash and cash equivalents at end of period㻣㻛㻥(5)(1,593)(3,993)

100,173

261,898

160,841

257,904

261,014

JGC HOLDINGS CORPORATION

Segment Information
䛆 Information by business segment 䛇
2Q of Fiscal year ended March 31, 2020 (April 1, 2019 - September 30, 2019)(Millions of yen)Segment
FunctionalOthers
Grand total Adjustment Consolidated
Total Engineering
Materials
Sub totalManufacturing
Net sales
External customers
194,142
21,897216,039
2,314
218,354ʷ
218,354
Inter-segment
27735799834(834)
䠉Total
194,170
21,905
216,075
3,113
219,189(834)218,354
Segment profit
3,661
3,122
6,783
375
7,158
44
7,203
*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.

2Q of Fiscal year ended March 31, 2021 (April 1, 2020 - September 30, 2020)(Millions of yen)Segment
FunctionalOthers
Grand total Adjustment Consolidated
Total Engineering
Materials
Sub totalManufacturing
Net sales
External customers
178,445
20,146
198,591808
199,400
䠉199,400
Inter-segment
101
12944
957(957)
䠉
Total
178,455
20,148
198,604
1,753
200,357(957)
199,400
Segment profit (loss)
9,103
2,721
11,824(357)
11,466
4211,508*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.

㻤㻛㻥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

856

901

2,236

Petroleum refining

8,078

7,867

7,151

8,795

䠉

8

㸫

8

Chemical

40,375

8,909

24,866

24,418

Power generation, nuclear power andnew energy

66,923

3,467

13,48556,905

Living and general production facility23,818

3,920

9,871

17,866

Environmental protection, social
development and IT

15,950

1,540

6,964

10,526

Domestic

LNG

Outstanding
Contracts

Sales

605

2,739

463

2,881

Subtotal

158,033

29,30963,704

123,638

Oil and gas development

71,672

38,24422,42887,489Petroleum refining

46,794411,455

5,080

453,169

LNG

608,308

14,83567,574555,569

Chemical

56,153

2,147

18,18040,120Power generation, nuclear power andnew energy

156

62

12206

Living and general production facility

1,626

1,262

978

1,911

Environmental protection, socialdevelopment and IT

2,238

28

513

1,752

382

782

780

384

OthersOverseas

September 30, 2020

Others787,333
Subtotal
468,818
115,549
1,140,602
Total Engineering Business
944,732
495,036
178,445
1,261,324
Others' Business
633
3,091
808
2,915
Subtotal
945,366
498,127
179,253
1,264,240
Functional Materials Manufacturing䠉20,146
䠉䠉Business
Grand Total
945,366
498,127
199,400
1,264,240*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(578)(1,693)(2,272)Petroleum refining

(134)

(112)

(247)

LNG

2,290

3,758

6,048

Chemical48

(14)

34

Power generation, nuclear power andnew energy

(0)

226

226

Living and general production facility

(4)

3,939

3,934

Environmental protection, social
development and IT(33)(3,938)(3,972)Others

(2)

(1)

(3)

2,164
2,165
(1)

3,748
3,748
0

1,584
Total
Total Engineering Business
1,582
1Others' Business*3: All amounts are rounded down to the nearest million yen.

㻥㻛㻥