<< Translation for Reference>>
June 25, 2024
Company Name: Chiyoda Corporation
Chairman of the Board, President& CEO: Masakazu Sakakida
Stock Code: 6366
Stock Listing: Tokyo Stock Exchange Standard Section
Inquiries: Masataka Kinoshita, General Manager, Accounting Dept.
Telephone: +81-45-225-7777

Notice of Revisions to the Consolidated Financial Forecasts

Based on recent business results, Chiyoda Corporation (Chiyoda) announced the following revisions to its fullyear consolidated financial forecasts for the fiscal year ending March 31, 2024, announced on February 5,2024.
１．Revisions to the full year consolidated financial forecasts for the fiscal year ending March 31,2024(from April 1, 2023 to March 31, 2024).

Revenues
JPY MM
Previous Forecast (A)500,000
Revised Forecast (B)500,000
Increase (Decrease) (B-A)
Increase (Decrease) Percentage (%)(Reference) Results for the fiscal
430,163
year ended March 31, 2023
* Class A Shares issuance is included.

Operating
IncomeOrdinary
IncomeJPY MM
21,000▲15,000▲36,000-

JPY MM
28,000▲ 5,500▲33,500-

Profit (Loss)
Attributable toOwners of Parents
JPY MM
18,000▲16,000▲34,000-

18,11620,322

15,187

Net Profitper Share*
JPY
61.38
▲69.8750.54

２．Reason for Revisions
Considering the possibility of withdrawal of Zachry Industrial, Inc. (hereinafter ‘Zachry’), one of thepartners for Chiyoda and its wholly owned Houston, Texas headquartered subsidiary, Chiyoda
International Corporation (‘CIC’) to execute the Golden Pass LNG project (‘Project’) in Texas, U.S., fromthe Project, discussions among Golden Pass LNG Terminal LLC (‘GPX’) in the U.S., the Project customer,
CB&I LLC, a joint venture partner in the U.S., and CIC on a new organizational structure to continue theProject and complete construction have been continuing since April 2024 when the possibility arose.
A consensus was yet to be reached before the date of announcement of financial results on which Chiyoda
was originally scheduled. Subsequently Zachry filed for Chapter 11 relief under the United States
Bankruptcy Code on May 21, 2024 in the U.S time, which, as well as other related matters, should betreated as the events after reporting period.
Under the circumstances, the cost required to complete construction was forecasted and recalculated with
sufficient margin based on the currently effective contracts. Consequently, sales and operating income are
expected to decrease from the previous forecast.
Short-term/long-term plans to complete construction will be agreed among the three parties mentioned
above soon after Zachry’s official withdrawal from the Project.
Chiyoda will strive to successfully negotiate a contract with GPX and restore its equity capital by counting
the contract money in its financial results to re-estimate reserves for losses on construction contracts in orafter the fiscal term of the second quartery of the fiscal year 2024.

(Note) Forward-looking Statement
The forecasts in this announcement are based on information available on the date they were prepared. Actual results may differ
significantly from these forecasts for a number of factors and we advise against relying on these forecasts only when making
investment decisions.

-End-