【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 12, 2016

(For the fiscal year ended March 31, 2016)

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, 2016
Scheduled Date of Payment of Dividends: June 30, 2016

Stock exchange: Tokyo

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

1. Business results for fiscal 2015 (April 1, 2015-March 31, 2016)(1) Consolidated financial results

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

Net sales

Operating income(Millions of yen)Mar. 2016 term
Mar. 2015 term(%)

879,954799,076(Millions of yen)

10.1
18.2

Comprehensive income (millions of yen):Earnings pershareMar. 2016 term
Mar. 2015 term(%)

49,661
29,740Mar. 2016 term:

Earnings per
Return on equity
share (diluted)(Millions of yen)

67.0
(56.4)

35,939 (41.1%) Mar. 2015 term:

16.0(46.4)(Millions of yen)

42,793
20,628(%)

107.4(56.3)

25,465 (-50.2%)

Ordinary
Operatingincome/Total
income/Net sales
assets

(Yen)

(Yen)

(%)

(%)

(%)

-10.6
5.4

7.4
6.1

5.6
3.7

Mar. 2016 term:(%)

52,04744,867169.6081.73

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

Net income attribute toowners of the parent

Ordinary income

716Mar. 2015 term:

723(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)

(%)

(Yen)

689,782
719,754419,673
388,496

60.7
53.8

1,659.46
1,535.54

Mar. 31, 2016
Mar. 31, 2015

Reference:
Shareholders' equity (millions of yen):Mar. 31, 2016:(3) Consolidated cash flows
Cash flows from operating
activities

Total net asset/Total assets

418,695

Mar. 31, 2015:

Total net assets per share

387,480

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalentsat term-end(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

(49,764)(71,416)

8,696(23,411)(4,374)
3,836

247,947
297,707

Mar. 2016 term
Mar. 2015 term

2. Dividends
Annual dividends per share (Yen)

Total dividends(annual)Payout ratio(consolidated)

Dividends/shareholders'equity(consolidated)

Term-end

Annual(Millions of yen)

(%)

(%)

Mar. 2015 term
Mar. 2016 term

21.00
42.50

21.00
42.50

5,299
10,723

25.7
25.1

1.4
2.7

Mar. 2017 term
(Forecast)

30.00

30.00

―30.3

―

3. Forecast for fiscal 2016 (April 1, 2016-March 31, 2017)

Entire term

Net sales(Millions of yen)(%)
720,000(18.2)

Operating income(Millions of yen)(%)
34,000(31.5)

Earnings pershare(Yen)

Entire term

99.09

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Ordinary income(Millions of yen)(%)
37,000(28.9)Net income(Millions of yen)(%)
25,000(41.6)

JGC Corporation

4. Others(1) Changes in scope of consolidated subsidiary
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: None
③ Changes in accounting estimates: None
④ Restatement: None
(3) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):
Mar. 2016 term:

259,052,929

Mar. 2015 term:

259,052,929

Mar. 2015 term:

6,711,561② Number of treasury stock at term-end:
Mar. 2016 term:

6,744,842③ Average Number of shares outstanding at term-end:
Mar. 2016 term:

252,317,463

Mar. 2015 term:

252,402,426(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) Forecast based on: ￥110.00/US$1.00

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JGC Corporation

Consolidated Balance Sheets
ASSETS
March 31,

March 31,2016

2015(Millions of yen)

(Millions of yen)

239,947
175,876

282,707
134,822

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

15,00032,727
3,703
2,470
2,828
28,956
17,72912,722(130)533,538

65,52070,54425,380
1,206
217
5,356
(91,970)
76,25567,38568,291
25,996
347
679
5,181
(89,321)78,5601,773
12,612
14,3852,068
14,01516,084

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

102,419
6,141
682
5,822
5,624
(23,707)(5,411)
91,572
186,216
719,754

Ⅰ 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-other
Deferred tax assets
Other current assets
Allowance for doubtful accounts

Total current assets
Ⅱ Non-current assets
1 Property, plant and equipment:
Buildings and structures
Machinery, vehicles, tools and fixtures
Land
Lease assets
Construction in progress
Other property, plant and equipment:
Accumulated depreciation

Total property, plant and equipment
2 Intangible assets
Software
Other intangible assets

Total intangible assets
3 Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other investments and other assets
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

LIABILITIES AND NET ASSETSMarch 31,2016

March 31,
2015

(Millions of yen)

(Millions of yen)

108,389

106,598

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

13,204
3,289
84,6482,226
35,623
7,507
136
6,324
26,974
286,533

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

22,715
13,544
275
582
3,306
4,300
44,724331,257

23,51125,608374,625(6,735)417,00923,51125,608336,324(6,659)378,784

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

10,272(487)(6,289)6,593(1,392)
8,696
1,016
388,496
719,754

Ⅰ Current 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
Provision for loss on construction contracts
Provision for bonuses
Provision for directors' bonuses
Provision for loss on guarantees
Other current liabilities

Total current liabilities
Ⅱ 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 long-term liabilities

Total long-term liabilities
Total liabilities
Ⅰ Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares

Total shareholders' equity
Ⅱ Valuation and translation adjustments
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 valuation and translation adjustments
Ⅲ Non-controlling interests
Total net assets
Total liabilities and net assets

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JGC Corporation

Consolidated Statements of IncomeYears ended

Mar. 2016term

Mar. 2015
term(Millions of yen)

(Millions of yen)879,954799,076879,954799,076

806,995

746,241806,995

746,24172,958

52,834Gross profit on completed construction contracts

72,95852,834

Selling, general and administrative expenses

23,29723,094

Operating income

49,661

29,740Non-operating income:

6,730

16,254

Interest income

2,054

2,054

Dividend income

2,581

3,685

－

8,673

Rent income on non-current assets

636

633

Share of profit of entities accounted for using equity method

716

723

Other non-operating income

741

484

4,344

1,127

719

453

2,937

－Rent expense on non-current assets

286

316

Other non-operating expenses

400

358

Ordinary income

52,04744,867Extraordinary income:

21,302

1,757－

334

Gain on sales of investment securities

1,084

6

Gain on sales of shares of subsidiaries and associates

4,227

819

Reversal of allowance for investment loss－

588

Refund of provision for loss on guarantees

5,293

－

Reversal of allowance for doubtful accounts

10,230－465

9Extraordinary loss:

13,692

16,565

Impairment loss

1,660

4,852

Loss on valuation of investment securities

10,3705,000

Provision for loss on guarantees

1,235

6,258

Other425

454

Income before income taxes and minority interests

59,65730,059

Income before income taxes:

16,688

9,211

Income taxes - current

9,078

15,747

Income taxes - deferred

7,610(6,536)42,96820,847174

218

42,793

20,628Net sales:
Net sales of completed construction contracts

Cost of sales:
Cost of sales of completed construction contracts
Gross profit:

Foreign exchange gains

Non-operating expenses:
Interest expense
Foreign exchange losses

Gain on bargain purchase

OtherProfit:
Profit attributable to non-controlling interests
Profit attributable to owners of parent

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JGC Corporation

Statements of Consolidated Comprehensive Income
Years ended

Mar. 2016term

Mar. 2015
term(Millions of yen)

(Millions of yen)

Profiｔ42,96820,847

Other comprehensive income：(7,028)

4,617(3,208)

3,404

Deferred gains or losses on hedges

(45)

(363)

Revaluation reserve for land

174

337

Foreign currency translation adjustment(2,612)

2,211

Remeasurements of defined benefit plans, net of tax(1,339)

(959)

3(13)

35,93925,46535,79425,272

144

192

Valuation difference on available-for-sale securities

Share of other comprehensive income of entities accounted for using
equity method

Comprehensive income：Comprehensive income attributable to owers of parent
Comprehensive income attributable to non-controlling interests

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JGC Corporation

Consolidated Statements of Cash Flows

Years ended

Mar. 2016term

Mar. 2015
term(Millions of yen)

(Millions of yen)

59,657
9,423
1,660
－
(22,331)(14,944)
2,378(4,635)719
4,270(716)
6,816
(200)
88
(42,315)(9,455)
4,067
3,354(47,460)
4,257(45,365)
5,110(746)(8,763)(49,764)

30,05910,292
4,852
0
3,506
14,512
1,994(5,739)453(7,968)
(723)
(823)
45
92
(30,332)
7,557(14,654)(1,824)(78,462)
18,822(48,341)
6,456
(441)
(29,090)(71,416)(3,537)1,424(1,800)(6,396)
17,900
1,871
156
(921)

(12,475)855(4,975)(2,763)
1,839
－
(998)
(4,894)

8,696(23,411)3,076
4(1,731)(75)(5,302)
(187)
(159)

10,579
6,373
(823)
(370)
(11,741)
(14)
(167)

(4,374)(5,731)(51,175)
297,707
1,415

3,836
3,306
(87,684)
385,252
139

247,947

297,707

Ⅰ CASH FLOWS FROM OPERATING ACTIVITIES:
Income before income taxes and minority interests
Depreciation

Impairment loss

Amortization of goodwill
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
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
Other, net
SubtotalInterest and dividend inxome received
Interest expenses paid
Income taxes paid
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIESⅡ CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment
Proceeds from sales of property 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, net
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIESⅢ 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
Dividends paid to non-controlling interests
Other, net
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIESⅣ EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
Ⅴ NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Ⅵ CASH AND CASH EQUIVALENTS at beginning of year
Ⅶ INCREASE IN CASH AND CASH EQUIVALENTS FROM NEWLYCONSOLIDATEDSUBSIDIARIESⅧ CASH AND CASH EQUIVALENTS at end of year

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JGC Corporation

Segment Information【 Information by business segment 】
FY 2014 (April 1, 2014 - March 31, 2015)
Total engineering(Millions of yen)Segment
Catalysts and fineproductsSub totalOthers

Grand total Adjustment Consolidated

Net sales
External customers
745,035
37,467
782,502
16,574
799,076―
799,076
Inter-segment
7,658
14
7,673
4,568
12,241(12,241)―
Total
752,693
37,482
790,175
21,142
811,318(12,241)
799,076
Segment profit
23,535
3,735
27,2703,535
30,806(1,065)29,740
Segment asset
624,472
41,623
666,095
69,038735,134(15,379)
719,754
Other item
Impairment loss
―
―
―
4,852
4,852
―
4,852
Depreciation and amortization
4,048
2,117
6,165
3,420
9,586706
10,292
Capital expenditures
6,871
2,213
9,084
9,696
18,781(891)
17,890*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 profits are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operation income figure from the Consolidated Statements of Income.

FY 2015 (April 1, 2015 - March 31, 2016)
Total engineering(Millions of yen)Segment
Catalysts and fineproducts

Sub totalOthers

Grand total Adjustment ConsolidatedNet sales
External customers
828,41437,628886,042
13,911
879,954
Inter-segment
162
0163
4,486
4,649
(4,649)―
Total
828,577
37,628866,205
18,397884,603(4,649)879,954
Segment profit
44,063
3,570
47,634
1,730
49,364296
49,661
Segment asset
601,945
43,136645,081
54,034
699,115(9,333)689,782
Other item
Impairment loss
―
―
―
1,660
1,660
―
1,660
Depreciation and amortization
4,482
2,081
6,563
3,024
9,587
(164)
9,423
Capital expenditures
2,873
4,196
7,069
2,195
9,264189,283*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 profits are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operation income figure from the Consolidated Statements of Income.

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JGC Corporation

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2016

Domestic

March 31, 2015

Business area

Outstanding
Contracts

NewContracts

Oil and gas development

96678

586

188

Petroleum refining

21,762

15,49016,406

20,844

LNG

26,221

1,575

5,038

22,758Chemical

5,741

15,744

15,146

6,338

Power generation, nuclear power andnew energy

65,682

27,34532,00861,019

Living and general production facility

14,160

7,602

11,237

10,525

18,41910,427

15,887

12,959

840

7,193

7,439

593

Environmental protection, social
development and IT
OthersSubtotal

152,92286,057103,750

135,229

Oil and gas development

100,509130,498

66,692

164,315

Petroleum refining

342,752

18,454

128,241

232,964

1,044,826

40,006444,535

640,297

128,189

39,28090,971

76,497

Power generation, nuclear power andnew energy

2,034

292

1,837

489

Living and general production facility

68188

256－

9354

49314

724

5,494

5,990

227

LNG
Overseas

Outstanding
Contracts

Sales

ChemicalEnvironmental protection, social
development and IT
Others1,619,114
Subtotal
234,568
738,575
1,115,107
Total
1,772,036
320,626
842,326
1,250,336*2(incl. Total Engineering Business)
1,770,494
307,746
828,414
1,249,826(Incl. Others Business)
1,542
12,87913,911
509
Catalysts and Fine Products Business－37,628 *3－－**3*3Grand Total
1,772,036
320,626
879,954
1,250,336*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
under review as follows:(Millions of yen)
Foreign
Revision for Increase bycurrencychanges innewly
Business area
Total
translation
contract
consolidated
adjustment
amounts
subsidiary
3,114
Oil and gas development(7,511)90(4,306)
Petroleum refining

13,205(113)－

13,091

LNG(12,010)(7,627)

4,098(15,539)

ChemicalPower generation, nuclear power andnew energy

337

(90)

2,873

3,120

5(38)

－(33)

Living and general production facility－(150)－(150)

－(0)

－(0)

79

(110)

0

(31)

Total

4,731

(15,643)

7,062(3,849)(Incl. Total Engineering Business)

4,719(15,641)

7,062(3,858)Environmental protection, social
development and IT
Others11(Incl. Others Business)(2)
9－*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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