Financial statements
1.Consolidated financial statements(1)Consoledated Balance Sheet
As of March 31,2021
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed construction contracts and other
Costs on construction contracts in progress
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
GoodwillOther
Total 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
Accounts payable for construction contracts
Short-term borrowings
Accounts payable - other
Income taxes payable
Advances received on construction contracts in progress
Provision for warranties for completed construction
Provision for loss on construction contracts
Suspense receipt of consumption taxes
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
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 31,2022

15,76051,360
2,046
48
7,113
253
△2276,560

13,19354,833
2,202
77
2,660
560
△2773,500

6,187△3,676
2,510
1,608
2,450
△1,550
899
5,018

7,188
△3,800
3,387
1,608
2,449
△1,792
657
5,653

136
1,216
1,352

1,869
1,139
3,009

6,395
104
1,022
965
1,445
△691
9,243
15,615
92,176

4,610
－
1,277
1,001
1,633
△553
7,968
16,63190,132

15,422
1,806
634
1,859
7,783
543
118
5,115
3,360
36,644

17,1742,506786
1,401
4,404
535
98
5,613
2,126
34,647

1,640
7,579
1
4,505
94
13,82150,465

1,640
6,532
5
4,442
191
12,81147,4589,614
2,165
27,974△66
39,6889,614
2,178
29,648△27
41,415

1,959
△26
△112
1,820
202
41,71092,176

996
△24
△187
784
473
42,67390,132

(2)Consolidated Statement of Income（Millions of Yen）
Previous Fiscal Year
（From April 1,2020
to March 31,2021）
Net sales
Net sales of completed construction contracts
Sales in other businesses
Total net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales in other businesses
Total 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
Outsourcing service income
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Guarantee commissionCommission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on withdrawal of membership
Other
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Loss on sale of investment securities
Loss on valuation of investment securities
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 1,2021
to March 31,2022）

137,846
1,087
138,934

134,4071,070
135,478

124,266
723
124,989

121,271762
122,033

13,580364
13,945

13,136308
13,444

3
8,650
8,653
5,291

1
8,608
8,609
4,835

33
121
6
25
58
74
20
340

23
92
1
130－
4442
335

106
45
106
8
266
5,364

104
46
106
8
265
4,904

4
998
0
0
1,003

0
540
0
0
541

9
93
87
20
57
269
6,099
1,880
63
1,944
4,155
16
4,138

2
13－
－－155,431
1,239
421
1,660
3,770
213,748

(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 1,2020
to March 31,2021）
4,155（Millions of Yen）
Current Fiscal Year
（From April 1,2021to March 31,2022）
3,770

△237
△19248△74,147△963
2△74△1,035
2,734

4,133
132,70628

(4)Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2020 to March 31,2021)(Millions of Yen)
Shareholders' equity
Capital stock
Balance at beginning of period

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

9,614

2,165

25,576△60

37,297

9,614

2,165

25,576△60

37,297

Cumulative effects of changes in accounting policies
Restated balance－Changes during period
Profit attributable to owners of parent
Dividends of surplus

4,1384,138△1,740△1,740Purchase of treasury shares△6Restricted stock payment－Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period

△6－－－

2,397

△62,390

9,614

2,165

27,974△6639,688

Accuumulated other comprehensive income
Valuation difference on
available-for-sale securities
Balance at beginning of period

2,196

Foreign currencytranslation adjustment△7Remeasurements ofdefined benefit plans△361

Cumulative effects of changes in accounting policies
Restated balance

Total accumulated othercomprehensive income
1,828

Non-controlling interests

18839,313

18839,313－
2,196△7△361

1,828

Total net assets－Changes during period
Profit attributable to owners of parent

－

4,138

Dividends of surplus－△1,740Purchase of treasury shares－△6

Restricted stock payment－－

Net changes in items other than shareholders' equity△237△19248△7136

Total changes during period△237△19248△7132,397

1,959

△26

△112

1,820

202

41,710

Balance at end of period

(4)Consolidated Statements of Changes in Net Assets
Previous fiscal year (From April 1,2021 to March 31,2022)(Millions of Yen)
Shareholders' equity
Capital stock
Balance at beginning of period

Capital surplus
9,614

Retained earnings
2,165

Treasury shares

27,974

Cumulative effects of changes in accounting policies
Restated balance

Total shareholders' equity△66

39,688△66

39,684△39,6142,165

27,970△3Changes during period
Profit attributable to owners of parent
Dividends of surplus

3,748

3,748

△2,070△2,070Purchase of treasury shares
Restricted stock payment

13△5△54558

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period－－

131,678

391,730

9,614

2,178

29,648△2741,415

Accuumulated other comprehensive income
Valuation difference on
available-for-sale securities
Balance at beginning of period

1,959

Foreign currencytranslation adjustment

Remeasurements ofdefined benefit plans

△26

△112

Cumulative effects of changes in accounting policies
Restated balance

1,959△26△112

Total accumulated othercomprehensive income

Non-controlling interestsTotal net assets

1,820202－△141,710
△4

1,820

201

41,706

Changes during period
Profit attributable to owners of parent

－

3,748

Dividends of surplus－△2,070Purchase of treasury shares－△5

Restricted stock payment－

Net changes in items other than shareholders' equity△963

Total changes during period

△963
996

Balance at end of period

258

△74

△1,035

272

△763

2

△74

△1,035

272

967

△24

△187

784

473

42,673

(5)Consolidated Statement of Cash Flows（Millions of Yen）
Previous fiscal year
(From April 1,2020
to March 31,2021)
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on construction contracts
Increase (decrease) in net defined benefit asset and liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts in progress
Decrease (increase) in inventories
Decrease (increase) in accounts receivable - other
Increase (decrease) in trade payables
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Increase (decrease) in accounts payable - other
Increase (decrease) in advances received on construction contracts in progress
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale and redemption of investment securities
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Proceeds from collection of loans receivable
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Net decrease (increase) in treasury shares
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

Current fiscal year
(From April 1,2021
to March 31,2022)

6,099
598
87
1△95
△284
△154
106
△254705
20
20△4,040△11,546△977
57
2△1,355△637△11,413151△106△1,535△12,902

5,431
646－
△132
△20△424
△115
104
△94
1△1,964△155△284,151
1,361
△540－
41
△3,773△1,061
3,426115△104△1,875
1,563－△337△6△1,604△1,94819△14,016
29,77715,760△17△336△5△1,908△2,267106△2,862
15,76012,898－△6260△462△91,964－
2△7160△43815△40△1,002
8
△195
△24
969
△2,168104△9710972△2,264