Financial statements
1.Consolidated financial statements(1)Consoledated Balance Sheet
As of March 31,2018
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed construction contracts and other
Costs on uncompleted construction contracts
Other inventories
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
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
Short-term loans payable
Accounts payable - other
Income taxes payable
Advances received on uncompleted construction contracts
Provision for warranties for completed construction
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
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（Millions of Yen）
As of March 31,2019

39,91342,509924
48
3,481
411
△38
87,25023,54554,271
1,942
49
4,877
259
△21
84,9246,130△3,703
2,426
1,830
1,668
△1,137
530
4,788
471

6,701
△3,855
2,845
1,808
2,045
△1,366
679
5,333
886

9,167
120
851
1,399
△681
10,858
16,118103,369

9,442
112
567
1,413
△681
10,855
17,075102,000

30,146
5,452
3,015
1,150
8,465
532
56
6,850
55,67030,125
2,790
2,028
1,790
6,903
501
4
7,002
51,147

－
7,954
7
4,319
193
12,474
68,145

650
8,253
12
4,342
126
13,38664,533

9,614
2,166
20,777△145
32,413

9,614
2,166
23,616△1,14934,2483,070－△376
2,694
115
35,223103,369

3,334△7△2933,032
185
37,466
102,000

(2)Consolidated Statement of Income（Millions of Yen）
Previous Fiscal Year
（From April 1,2017
to March 31,2018）
Net sales
Net sales of completed construction contracts
Sales on other businessTotal net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales on other businessTotal cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit - other businessTotal gross profit
Selling, general and administrative expenses
Selling expenses
General and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on withdrawal of membership
Other
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Current Fiscal Year
（From April 1,2018
to March 31,2019）

142,181
1,253
143,434

134,194
1,518
135,713

127,334
941
128,275

121,089
1,298
122,388

14,84731115,158

13,105220
13,325

0
7,204
7,205
7,953

0
7,623
7,624
5,700

106
124
12－
32
275

80
136
13
29
23
282

235
38
279
57
8
619
7,609

189
41
127－
7366
5,616

0－
00
10468－
0
469

0
0
23－
24
7,586
1,461
895
2,357
5,229
7
5,221－
0
56
360
6,025
1,796
60
1,857
4,168
△104,178

(3)Consolidated Statement of Comprehensive Income

ProfitOther 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-controlling interests

Previous Fiscal Year
（From April 1,2017
to March 31,2018）
5,229（Millions of Yen）
Current Fiscal Year
（From April 1,2018
to March 31,2019）
4,168

355－408
764
5,993

263
△782
338
4,506

5,985
74,517△10(4)Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2017 to March 31,2018)(Millions of Yen)
Shareholders' equityCapital stock
Balance at beginning of current period

Capital surplus
9,614

Retained earnings
2,165

Treasury shares

16,393

Total shareholders' equity△14228,032

Changes of items during period
Profit attributable to ownersof parent

5,221

Dividends of surplus

5,221

△837

Purchase of treasury shares
Disposal of treasury shares△837△3△3000

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period－04,383△24,381

9,614

2,166

20,777△145

32,413

Accuumulated other comprehensive income
Valuation difference on
available-for-salesecurities
Balance at beginning of current period

2,714

Remeasurements ofdefined benefit plans

Foreign currencytranslation adjustment－△784

Total accumulated othercomprehensive income

1,930

Non-controlling interests

Total net assets

108

30,071

Changes of items during period
Profit attributable to ownersof parent

5,221

Dividends of surplus△837

Purchase of treasury shares△3

Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

0355－

4087647771355－4087647

5,152

3,070－

△376

2,694

115

35,223

(4)Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2018 to March 31,2019)(Millions of Yen)
Shareholders' equity
Capital stock
Balance at beginning of current period

Capital surplus
9,614

Retained earnings
2,166

Treasury shares

20,777

Changes of items during period
Profit attributable to ownersof parent

Total shareholders' equity
△145

4,178

Dividends of surplus△1,340Purchase of treasury shares
Disposal of treasury shares

032,413

4,178△1,0040△1,340△1,0040

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period－02,838

9,614

2,166

23,616△1,003△1,1491,834
34,248

Accuumulated other comprehensive income
Valuation difference on
available-for-salesecurities
Balance at beginning of current period

3,070

Foreign currencytranslation adjustment

Remeasurements ofdefined benefit plans－

Changes of items during period

Total accumulated othercomprehensive income△3762,694

Non-controlling interests

115

Profit attributable to ownersof parent

35,223

4,178

Dividends of surplus△1,340Purchase of treasury shares△1,004

Disposal of treasury shares0

Net changes of items otherthan shareholders' equity

263

Total changes of items during
period263

Balance at end of current period

Total net assets

3,334△782338

69408

82

338

69

2,242

△7

△293

3,032

185

37,466△7

(5)Consolidated Statement of Cash Flows
Curent fiscal year
(From April 1,2017
to March 31,2018)
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of non-current assets
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in costs on uncompleted construction contracts
Decrease (increase) in inventories
Decrease (increase) in accounts receivable - other
Increase (decrease) in notes and accounts payable - trade
Loss (gain) on sales of investment securities
Increase (decrease) in accounts payable - other
Increase (decrease) in advances received on uncompleted construction contracts
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Collection of loans receivable
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
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 issuance of bonds
Net decrease (increase) in treasury shares
Cash dividends paid
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（Millions of Yen）
Curent fiscal year
(From April 1,2018
to March 31,2019)

7,586
405
23△8△197
529
△230
235
57
051
1,685
78
△1,246△1,738－△5,711
871
1,681
4,072
227
△246
△914
3,140
△533
0△193
△8－－
10△1540
1△698※△3,8405,962△3,557－△2△754△2,191△57
193
39,72039,913 ※

6,025
463
56
△17△52141△216189△29△0△11,248△1,018△0△1,379△223△468△1,112△1,561
178△10,273213△201△1,158△11,419
△848
0△342
△419
1,077
△499
10△219△5△1,037△1,368700△1,694634△1,003△1,208△3,94029△16,368
39,91323,545