[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In thecase 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.)August 8, 2019

Summary of Consolidated First Quarter Financial Results for Fiscal 2019(For the fiscal year ended March 31, 2020)
Name of listed company: JGC Corporation
Code number: 1963
Representative
Title: Representative Director, Chairman and Chief Executive Officer (CEO)Name: Masayuki Sato
Contact
Title: General Manager, Finance & Accounting Department
Name: Shinichi Taguchi

Stock exchange: Tokyo

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

1. Consolidated Financial Results for 1Q of FY2019(April 1, 2019 - June 30, 2019)(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)

(Millions of yen)

Profit attributable toowners of the Parent

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

(Millions of yen)(%)

1Q FY2019

107,454(26.5)

2,879(48.5)

5,328(38.2)

2,100(20.5)

1Q FY2018

146,157(4.5)

5,594(10.5)

8,628(4.4)

2,641(52.8)

Note: Comprehensive income (millions of yen):(1,481)(－%) 1Q FY 2018 term:

1Q FY2019 term:

Earnings pershare

Earnings per share(diluted)

(Yen)

(Yen)

1Q FY2019

8.32－

1Q FY201810.47－

7((99.9%))(2) Consolidated financial position
Total assets

Total net assets(Millions of yen)

(Millions of yen)(%)

688,454
708,855

401,661
410,350

58.2
57.7

As of June 30, 2019
As of March 31, 2019

June. 30, 2019:

Reference: Shareholders' equity (millions of yen):

400,532

Shareholders' equity ratio

Mar. 31, 2019:409,254

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

2Q term-end

3Q term-end

Term-end

AnnualMar. 2019 term－－－

28.50

28.50

Mar. 2020 term－－－

12.00

12.00

Mar. 2020 term (Forecast)

NoneNote: Revision of dividend forecsts during this period:

3. Earnings forecasts for FY2019 (April 1, 2019 - March 31, 2020)
Net sales

Full Year

Note: Percentage indicate changes from the previous term.

Operating income

Profit attributable toowners of the Parent(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)(%)

500,000(19.3)

19,000(18.3)

26,000(19.5)

10,000(58.3)

Earnings pershare(Yen)

Full Year

Ordinary income

39.63

1/8

JGC Corporation

4. Others(1) Changes in scope of consolidated important subsidiaries(increase)
None(decrease)

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 presentation① Changes due to revisions of accounting standards:
None② Changes other than the above ①:None③ Changes in accounting estimates:
None④ Restatement:
None(4) Number of shares outstanding① Number of shares outstanding at term-end (including treasury stock):Jun. 2019 term:

259,052,929

Mar. 2019 term:

259,052,929

6,746,145

Mar. 2019 term:

6,746,081

Jun. 2018 term:

252,307,407② Number of treasury stock at term-end:
Jun. 2019 term:③ Average number of shares outstanding at term-end:
Jun. 2019 term:

252,306,816(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 : 110.00 yen/US$ 1.00

2/8

JGC Corporation

Consolidated Balance Sheets

1Q FY 2019

FY2018(As of Jun. 30, 2019)(As of Mar. 31, 2019)(Millions of yen)

(Millions of yen)

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
Other
Accumulated 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
Other
Allowance for doubtful accounts

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

3/8

211,293
159,521

160,841
232,682

24,534
4,866
3,194
4,032
81388,260
22,705(1,100)518,122

24,471
4,765
2,809
3,981
4,029
93,545
15,795(1,174)
541,747

59,47464,354
18,474
313
1,834
4,433
(93,450)
55,43559,91464,574
18,491
314
935
4,402
(93,191)
55,440

4,145
5,836
9,982

4,180
5,862
10,04369,055
7,788
584
25,515
10,000(8,029)104,914170,331
688,454

68,993
4,626
604
25,197
10,179(7,978)
101,623
167,107
708,855

JGC Corporation

LIABILITIESCurrent liabilities

Notes payable, accounts payable for construction contracts andother

1Q FY 2019

FY2018(As of Jun. 30, 2019)(As of Mar. 31, 2019)(Millions of yen)

(Millions of yen)

69,73592,091

571

614

2,498
78,215
1,198
16,0508,051
70
34,960211,352

3,010
74,104
1,153
17,765
6,604
83
28,131
223,559

50,000
3,943
16,059
190
1,428
660
1,014
2,143
75,439286,792

50,0003,949
15,874
305
1,464
649
1,014
1,687
74,945298,504

23,51125,609371,054(6,738)413,436

23,51125,609376,145(6,738)418,526

Valuation difference on available-for-sale securities

6,6317,239

Deferred gains or losses on hedges

(396)

(276)

(10,891)(6,945)(1,301)(12,903)1,129
401,661
688,454(10,891)(3,968)(1,375)(9,272)
1,096
410,350
708,855

Short-term loans 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
Other

Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Provision for directors' retirement benefits
Provision for loss on business liquidation
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 assetsTotal liabilities and net assets

4/8

JGC Corporation

Consolidated Statements of Income
1Q FY2019 term

1Q FY2018 term

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

(Apr. 1, 2018 Jun. 30, 2018)(Millions of yen)

Net sales

107,454

146,157

Cost of sales

99,191

135,180

Gross profit

8,262

10,976

Selling, general and administrative expenses

5,383

5,382

Operating income

2,879

5,594

Non-operating income:Interest income

1,005

965

Dividend income

1,108

1,332

Foreign exchange gains
Share of profit of entities accounted for using equity method－196942

706

Other

203

72

3,260

3,273

Non-operating expenses:
Interest expenses

36171

Foreign exchange losses

739

－

Other

35

68

811

239

5,328

8,628

Gain on Sales of non-current assets

50

Gain on liquidation of subsidiaries and associates－248

Other－

05248

Loss on retirement of non-current assets

4247

Loss on sales of investment securities

－150

Other

01043

209

Profit before income taxes

5,290

8,667

Income taxes

3,134

5,962

Profit

2,156

2,705

55

63

2,100

2,641

Total non-operating income

Total non-operating expenses
Ordinary income
Extraordinary income:

Total extraordinary Income
Extraordinary loss:

Total extraordinary loss

Profit attributable to non-controlling interests
Profit attributable to owners of the parent

5/8

JGC Corporation

Statements of Consolidated Comprehensive Income

1Q FY2019 term

(Apr. 1, 2019 Jun. 30, 2019)(Millions of yen)
2,156

ProfitOther comprehensive income:

1Q FY2018 term

(Apr. 1, 2018 Jun. 30, 2018)(Millions of yen)
2,705

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustmentRemeasurements of defined benefit plans
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

(608)
(126)
(2,973)
74(4)

(72)
427
(2,622)116(546)(3,637)(1,481)(2,697)
7

Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests(1,530)49(55)
63

Comprehensive income
Comprehensive income attributable to:

6/8

JGC Corporation

Segment Information【 Information by business segment 】(Millions of yen)First quarter (3 months) for FY 2018 (April 1, 2018 - June 30, 2018)
Segment
Functional
Grand total Adjustment Consolidated
OthersTotal engineering
Sub total
Materials
Manufacturing
Net sales
External customers
133,058
11,738144,797
1,360
146,157
146,157－Inter-segment
1919
532
551
(551)
－－
146,157
Total
133,077
11,738144,816
1,892
146,709
(551)
5,594
5,572
22
Segment profit
3,020
2,190
5,211
361
*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

(Millions of yen)First quarter (3 months) for FY 2019 (April 1, 2019 - June 30, 2019)
Segment
FunctionalOthers
Grand total Adjustment Consolidated
Total engineering
Sub total
Materials
Manufacturing
Net sales
External customers
94,41011,866106,276
1,177－
107,454
107,454389(389)－Inter-segment
19020
369
(389)
107,454
Total
94,42911,867106,297
1,546
107,8442,859
202,879
Segment profit
1,004
1,628
2,632
226
*1: "Others" includes Specialized Consulting Services, Office Support Services Business, Power and Water Business, and Oil and Gas Production
Sales Business.
*2: Segment profit, Segment asset and Other item are adjusted to eliminate transactions between segments.
*3: Segment profits are adjusted with the operating income figure from the Consolidated Statements of Income.

7/8

JGC Corporation

Sales, Orders Received and Backlog (Consolidated)(Millions of yen)March 31, 2019
Business area

OutstandingContracts

NewContracts

Oil and gas development

1,558649

110

2,097

Petroleum refining9,616

3,229

2,451

10,393212－－212

Chemical47,135

10,111

2,000

55,246

Power generation, nuclear power andnew energy

87,9722,365

12,89377,444

Living and general production facility

31,305

16,6428,390

39,558Environmental protection, social
development and IT

25,572

4,374

3,223

26,722Others

1,018

2,458

613

2,863

Subtotal

204,391

39,831

29,684

214,538

Oil and gas development

141,977

751

20,845

121,883

Petroleum refining

54,898

2,030

7,044

49,883

LNG

725,789

2,197

27,136700,851

Chemical

62,043

1,914

3,24760,710

Power generation, nuclear power andnew energy

7,687

189

5,759

2,117

Living and general production facility

2,579

1,034

365

3,248

237

80

256

61

Domestic

LNG

Overseas

June 30, 2019

Environmental protection, social
development and IT

Outstanding
Contracts

Sales

Others

2,452
3,410
1,248
4,614
997,666
Subtotal
11,60865,903
943,371
Total Engineering Business
1,201,034
48,42894,4101,155,053
Others Business
1,023
3,011
1,177
2,857
Subtotal
1,202,058
51,44095,587
1,157,910
Functional Materials Manufacturing
11,866－－－Grand Total1,202,058
51,440107,454
1,157,910*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(977)－(977)Petroleum refining

(291)

(12)

(303)

(1,988)(4,863)3(2,874)(12)Power generation, nuclear power andnew energy

(48)

(23)

(71)

Living and general production facility

(12)

(57)

(70)

Environmental protection, social
development and IT

(0)

(0)

(0)

Others

(11)

(0)

(11)

(2,982)(2,982)－(6,307)(6,302)(4)

LNG
Chemical(3,324)
Total
Total Engineering Business(3,320)(4)
Other Business*3 All amounts are rounded down to the nearest million yen.

8/8(9)