DATABOOK - 大成建設

1 DATABOOK2018 Contents1 IMPORTANT NOTE:Readers should be aware that the information contained in this Data Book 2018 has not been audited or examined by the auditorof Taisei financial information Consolidated financial summary2 Consolidated balance sheets3 Consolidated statements of income6 Consolidated statements of cash flows8 Segment information10 Non-consolidated financial information Non-consolidated financial summary11 Non-consolidated balance sheets12 Non-consolidated Statements of income15 Amount of orders of orders of orders received by of orders received by type of of orders received by industry19 Net sales20 Balance carried forward21 Gross margin ratio222 Consolidated Financial Information Consolidated financial summary Millions of yen of order

2 Received1,645,8951,765,7431,671,061 1,655,0351,743,497 Net sales1,533,4731,573,2701,545,889 1,487,2521,585,497 Operating income53,77370,417117,468 140,822181,859 Ordinary income56,75674,467117,703 144,591185,349 Net income32,08938,17777,045 90,566126,788 Net assets384,166492,114521,277570,813669,01 9 Total assets1,599,0651,735,2481,660,8211,760,0 781,930,825 Net assets per share (yen) , income per share (yen) margin on flows from operating activities138,74924,07895,360 218,158207,020 Cash flows from investing activities16,028(13,975)(25,070)6,296(11 ,852)Cash flows from financing activities(68,826)(30,470)(35,171)(60,06 1)(41,682)Number of employees (person)13,59913,70113,748 13,97714,032 Interest-bearing debt316,493273,289254,695 238,145247,379D/E ratio (times) & development9,53410,66510,998 11,16411,608 Depreciation7,4488,2885,991 6,2677,049 Capital expenditure(Cash-base)12,1937,03110,221 7,2269,354 The Company conducted 1-for-5 consolidation of shares on October 1, 2017.

3 Therefore, net assets per share and net income per share for FY2017 reflects the impact of the consolidation of Financial Information Consolidated balance sheets Millions of yen assetsCash and deposits355,547338,308374,192535,592687, 456 Notes receivable-trade and accounts receivable fromcompleted construction contracts444,425490,712443,635420,131441 ,630 Costs on uncompleted construction contracts74,16677,33184,54867,05350,094 Real estate for sale and development projects in progress100,14895,679107,771102,74286,20 7 Other inventories5,7394,1104,0083,4622,757 Deferred tax assets37,69732,15228,07128,04624,776 Other59,30598,61670,42966,84259,514 Allowance for doubtful accounts(818)(414)(353)(297)(173)Total current assets1,076,2121,136,4961,112,3041,223,5 721,352,263 Noncurrent assetsProperty, plant and equipmentBuildings and structures125,145122,391124,110123,47813 6,975 Machinery, vehicles, tools and fixtures58,99553,35553,81355,07056,172 Land121,657115,195121,155119,825119,963 Construction in progress1,1968922559211,523 Accumulated depreciation(125,943)(121,862)(121,806)( 123,314)(126,237)Total property, plant and equipment181,051169,972177,528175,982188 ,397 Intangible assets5,0174,7724,8755,08411,553 Investments and other assetsInvestment securities265,858348,327321,320309,01433 7,382 Net defined benefit assets30,33736,80810,94410,7779,560 Deferred tax assets9025486273,0292,008 Other44,90242,76336,48335,08231,412 Allowance for doubtful accounts(5,216)

4 (4,440)(3,262)(2,464)(1,753)Total investments and other assets336,784424,007366,113355,439378,61 0 Total noncurrent assets522,852598,752548,516536,506578,56 1 Total assets1,599,0651,735,2481,660,8211,760,0 781,930,8254 Consolidated Financial Information Millions of yen liabilitiesNotes payable, accounts payable for construction contracts and other466,030489,706442,758424,493509,576 Short-term loans payable118,799104,955108,981114,60087,02 9 Short-term non-recourse loans--1001002,950 Current portion of bonds11,20015,00010,00010,00010,000 Current portion of non-recourse bonds----500 Lease obligations283276259269273 Advances received on uncompleted construction contracts140,656137,857160,172175,689148 ,515 Income taxes payable--23,63331,13830,843 Deposits received122,874142,015120,205171.

5 132182,142 Provision for warranties for completed construction3,0593,2323,3163,3913,128 Provision for loss on construction contracts50,67141,23622,11715,6669,393 Provision for loss on order received695243143 Other32,45350,42836,19040,49738,270 Total current liabilities946,096984,761927,777986,9941 ,022,625 Noncurrent liabilitiesBonds payable55,00040,00040,00030,00040,000 Non-recourse bonds payable--500500-Long-term loans payable131,494113,33490,56479,995106,899 Long-term non-recourse loans payable--4,5502,950-Lease obligations762712546482421 Deferred tax liabilities 4,34526,0298,26211,35021,658 Deferred tax liabilities for land revaluation4,9124,4294,1884,1843,285 Provision for directors' retirement benefits399437411431391 Provision for loss on business of subsidiaries and affiliates251273396640 Provision for environmental measures2631451198989 Provision for loss on Anti-Monopoly Act---11,03510,693 Provision for retirement benefits-----Net defined benefit liability 54,27856,74843,92641,26235,787 Asset retirement obligations915947---Other16,17915,31518, 65719,92119,913 Total noncurrent liabilities268,802258,372211,766202,2702 39,179 Total liabilities1,214,8991,243,1341,139,5441, 189,2641,261,8055 Consolidated Financial Information Millions of yen assetsShareholders' equityCapital stock112,448122,742122,742122,742122,742 Capital surplus94,169104,463104,46485,15060,199 Retained earnings120,778143,289210,720278.

6 613382,462 Treasury stock(329)(355)(394)(1,110)(1,490)Total shareholders' equity327,067370,140437,533485,395563,91 3 Accumulated other comprehensive incomeValuation difference on available-for-sale securities59,650111,19885,16082,46398,57 9 Deferred gain (loss) on hedges(181)(4)(213)(158)(115)Revaluation reserve for land(2,337)(69)176772(1,244)Foreign currency translation adjustment(2,284)(1,485)(2,158)(2,969)(3 ,057)Remeasurements of defined benefit plans 1289,973(2,623)3,2759,078 Total accumulated other comprehensive income54,975119,61280,34283,383103,239 Minority interests2,1232,3613,4022,0341,867 Total net assets384,166492,114521,277570,813669,01 9 Total liabilities and net assets1,599,0651,735,2481,660,8211,760,0 781,930,8256 Consolidated Financial Information Consolidated statements of income Millions of yen sales1,533,4731,573,2701,545,8891,487,25 21,585,497 Net sales of completed construction contracts1,321,2881,404,5291,394,6771,34 2,4541,445,276 Net sales of development business and other212,184168,740151,211144,798140,220 Cost of sales1,402,4461,425,2951,348,3021,260,96 81,318,879 Cost of sales of completed construction contracts1,239,5311,289,3881,226,7061,14 8,9611,209.

7 960 Cost of sales of development business and other162,914135,906121,596112,007108,919 Gross profit131,026147,975197,586226,284266,61 8 Gross profit on completed construction contracts81,757115,141167,971193,493235, 316 Gross profit on development business and other49,26932,83429,61532,79131,301 Selling, general and administrative expenses77,25377,55880,11885,46184,758 Operating income53,77370,417117,468140,822181,859 Non-operating income9,1439,5769,1198,3715,994 Interest income567481630545626 Dividends income2,6962,7143,0203,3683,706 Foreign exchange gains3,5683,767-2,275-Share of profit of entities accounted for using equity method1,5491,7254,4481,3781,003 Other7628871,019803658 Non-operating expenses6,1605,5268,8844,6022,505 Interest expenses5,0714,0952,7952,1561,684 Foreign exchange losses--4,771--Taxes and dues33959172675812 Litigation settlement---95415 Other750838589734793 Ordinary income56,75674,467117,703144,591185,3497 Consolidated Financial Information Millions of yen income4,5501,2384,303 3,5281,090 Gain on sales of noncurrent assets2,513829119 617183 Gain on sales of investment securities2,02228818 2,878779 Gain on return of assets from retirement benefit trust--4,021 --Reversal of allowance for loss on Anti-Monopoly Act----116 Other14120143 3211 Extraordinary loss14,7148,7254,210 12,9294,142 Loss on sales of noncurrent assets8,850296---Loss on sales of investment securities127----Loss on valuation of investment securities25----Loss on retirement of noncurrent assets-----Impairment loss4.

8 5996,6873,018 6843,631 Loss on Anti-Monopoly Act---11,640-Other1,1111,7401,192 604511 Income before income taxes and minority interests46,59266,980117,796 135,189182,297 Income taxes-current10,77222,51233,332 45,50551,437 Income taxes-deferred3,3476,2427,663 (712)4,070 Total income taxes14,11928,75440,995 44,79355,508 Net income32,47338,225-90,396126,789 Profit (loss) attributable to non-controlling interests38448(244)(169)1 Profit attributable to owners of parent32,08938,17777,045 90,566126,7888 Consolidated Financial Information Consolidated statements of cash flows Millions of yen cash flow from operating activitiesIncome before income taxes and minority interests46,59266,980117,796135,189182,2 97 Depreciation and amortization7,4078,2885,9916,2677,049 Impairment loss4,5996,6873,0186843,631 Increase (decrease) in allowance for doubtful accounts(1,265)(1,179)(1,238)(853)(836)I ncrease (decrease) in provision for loss on construction contracts19,369(9,444)(19,119)(6,451)(6, 272)Increase (decrease) in provision for retirement benefits(33,729)----Increase (decrease) in net defined benefit liabilities54,2782,458(12,811)(2,662)(5, 475)Increase (decrease)

9 In provision for loss on Anti-Monopoly Act---11,035(342)Interest and dividends income(3,263)(3,195)(3,651)(3,913)(4,332 )Interest expenses5,0714,0952,7952,1561,684 Foreign exchange losses (gains)(3,568)(3,767)4,771(2,275)145 Loss (gain) on valuation of short-term and long term investment securities254393032173 Loss (gain) on sales of short-term and long term investment securities(1,894)(382)-(2,786)(769)Loss on valuation of real estate for sale and development projects in progress24,7046682,0421,371279 Loss (gain) on sales of noncurrent assets6,337(532)(66)(551)(34)Loss on retirement of noncurrent assets-----Share of (profit) loss of entities accounted for using equity method(1,549)(1,725)(4,448)(1,378)(1,003 )Decrease (increase) in notes and accounts receivable-trade(13,369)(45,670)47,08523 ,431(21,537)Decrease (increase) in costs on uncompleted construction contracts9,790(3,063)(7,243)17,49016,948 Decrease (increase) in real estate for sale and development projects in progress14,2285,811(13,908)3,090(4,894)D ecrease (increase) in other inventories(361)1,630100--Decrease (increase) in other current assets(582)(38,937)28,3053,3467,441 Decrease (increase) in prepaid pension cost6,728----Decrease (increase) in net defined benefit assets(30,337)(6,470)25,8631661,217 Decrease (increase) in investments, other assets and other1,7112,1405,9381,4053,373 Increase (decrease) in notes and accounts payable-trade(18,292)22,965(46,801)(18,1 38)85,141 Increase (decrease)

10 In advances received on uncompleted construction contracts24,479(3,366)22,46015,540(27,14 5)Increase (decrease) in deposits received31,17319,128(21,806)50,93611,011 Increase (decrease) in other current liabilities(1,849)--4,977(2,566) 2,7167,980(10,884)13,7219,930 Subtotal149,15031,537124,493252,018254,9 42 Interest and dividends income received3,4163,3474,4348,1394,792 Interest expenses paid(5,203)(4,230)(2,973)(2,338)(1,684)I ncome taxes paid(8,613)(6,574)(30,594)(39,661)(51,03 1)Net cash provided by (used in) operating activities138,74924,07895,360218,158207, 0209 Consolidated Financial Information Millions of