Interim report
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[ Translation ] The following statements are an English - language translation of the original Japanese - language document for your reference purpose only . In case 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 . ) Consolidated First Quarter Financial Statements ( For the fiscal year ending March 31 , 2027 ) Name of listed company : JGC HOLDINGS CORPORATION Code number : 1963 Representative Title : Representative Director , Chairman , President & Chief Executive Officer ( CEO ) Name : Masayuki Sato Contact Title : General Manager , Finance Unit Name : Tsunehisa Koshimura Scheduled Date of Payment of Dividends : - August 7 , 2026 Stock exchange : Tokyo Tel : 045-682-1111 URL : https://www.jgc.com Net sales ( Millions of yen ) ( % ) ( Millions of yen ) Financial Results Supplement Materials : Yes Financial Results Presentation Meeting : Yes ( for analysts and institutional investors ) Note : All amounts are rounded down to the nearest million yen . 1. Consolidated financial results for 1Q of fiscal year ending March 31 , 2027 ( April 1 , 2026 - June 30 , 2026 ) ( 1 ) Consolidated financial results Note : Percentage indicates changes from the previous term . Profit attributable to owners of parent ( Millions of Operating profit ( % ) Ordinary profit ( Millions of ( % ) yen ) yen ) ( % ) 1Q of fiscal year ending March 31 , 2027 159,299 ( 16.1 ) 12,355 56.4 21,378 132.3 11,617 107.4 1Q of fiscal year ended March 31 , 2026 189,821 ( 7.0 ) 7,899 ( 2.5 ) 9,201 ( 47.8 ) 5,600 ( 54.8 ) 1Q of fiscal year ending 1Q of fiscal year ended Note : Comprehensive income ( millions of yen ) : 8,462 ( - % ) ( 1,272 ) ( - % ) March 31 , 2027 : March 31 , 2026 : Earnings Earnings per share per share ( diluted ) ( Yen ) ( Yen ) 1Q of fiscal year ending March 31 , 2027 48.03 47.96 1Q of fiscal year ended March 31 , 2026 23.17 23.15 ( 2 ) Consolidated financial position Total assets ( Millions of yen ) Total net assets ( Millions of yen ) Equity ratio ( % ) As of June 30 , 2026 850,037 As of March 31 , 2026 838,793 427,059 431,191 50.0 51.2 Reference : Equity ( millions of yen ) : As of June 30 , 2026 : 425,250 As of March 31 , 2026 : 429,418 2. Dividends Annual dividends per share ( Yen ) 1Q term - end 2Q term - end Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecasts ) Note : Revision to the latest forecast announcement : None 3. Earnings forecasts for fiscal year ending March 31 , 2027 ( April 1 , 2026 - March 31 , 2027 ) Full Year 3Q term - end Term - end Annual 52.00 52.00 52.00 52.00 Note : Percentage indicates changes from the previous term . Net sales Operating profit Ordinary profit ( Millions of yen ) 670,000 ( % ) ( 10.1 ) ( Millions of yen ) 40,000 ( Millions of Profit attributable to owners of parent ( Millions of Earnings per share ( % ) ( % ) ( % ) yen ) ( Yen ) yen ) 13.0 46,000 ( 20.9 ) 46,000 9.9 190.25 Note : Revision to the latest forecast announcement : None 1
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2 44444..... OOOOOttttthhhhheeeeerrrrrsssss (1) Important changes in scope of consolidation (Newly added) 1 company (JGC Emirates L.L.C-FZ) (Excluded) 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 presentation (a) Changes due to revisions of accounting standards: None (b) Changes other than the above (a): None (c) Changes in accounting estimates: None (d) Restatement: None (4) Number of shares outstanding (a) Number of shares outstanding at term-end (including treasury shares): As of June 30, 2026: 244,293,008 As of March 31, 2026: 244,293,008 (b) Number of treasury shares at term-end: As of June 30, 2026: 2,442,546 As of March 31, 2026: 2,442,309 (c) Average number of shares outstanding during this period: 1Q of fiscal year ending March 31, 2027: 241,850,620 1Q of fiscal year ended March 31, 2026: 241,677,292 (ⅰ) Review by a certified public accountant or audit firm of the attached quarterly consolidated financial statements: Yes (optional) (ⅱ) 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 and exchange rate fluctuations.
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3 ○AAAAAttttttttttaaaaaccccchhhhheeeeeddddd CCCCCooooonnnnnttttteeeeennnnntttttsssss １．Overview of Operating Results and Others ............................................................................................. 4 （１）Overview of Operating Results for the First Quarter of the Current Consolidated Fiscal Year (FY2026) ........................................................................................................................................... 4 （２）Overview of Financial Position for the First Quarter of the Current Consolidated Fiscal Year (FY2026) ........................................................................................................................................... 4 ２．Consolidated Financial Statements and Notes ....................................................................................... 5 （１）Consolidated Balance Sheet ............................................................................................................ 5 （２）Consolidated Statement of Income and Comprehensive Income ................................................... 7 Consolidated Statement of Income .................................................................................................. 7 Consolidated Statement of Comprehensive Income ....................................................................... 8 （３）Notes to Consolidated Financial Statements ................................................................................... 9 (Application of specific Accounting Treatment for Preparing Consolidated Financial Statements) ...................................................................................................................................... 9 (Segment Information, etc.) .............................................................................................................. 9 (Notes in the Event of Significant Changes in Shareholder's Equity) ............................................. 10 (Going Concern) .............................................................................................................................. 10 (Additional Information) ....................................................................................................................10 (Notes on Consolidated Statement of Cash Flows) ........................................................................ 10 (Significant Subsequent Events) ..................................................................................................... 10 ３．Others ...................................................................................................................................................... 12 (References) Sales, Orders Received, and Backlog (Consolidated) .............................................. 12
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4 １１１１１．．．．．OOOOOvvvvveeeeerrrrrvvvvviiiiieeeeewwwww ooooofffff OOOOOpppppeeeeerrrrraaaaatttttiiiiinnnnnggggg RRRRReeeeesssssuuuuullllltttttsssss aaaaannnnnddddd OOOOOttttthhhhheeeeerrrrrsssss （１）Overview of Operating Results for the First Quarter of the Current Consolidated Fiscal Year (FY2026) This information is disclosed in the“Outline of Financial Results 1Q FY2026”on TDnet. （２）Overview of Financial Position for the First Quarter of the Current Consolidated Fiscal Year (FY2026) This information is disclosed in the“Outline of Financial Results 1Q FY2026”on TDnet.
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5 ２２２２２．．．．．CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll SSSSStttttaaaaattttteeeeemmmmmeeeeennnnntttttsssss aaaaannnnnddddd nnnnnooooottttteeeeesssss （１）Consolidated Balance Sheet CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd BBBBBaaaaalllllaaaaannnnnccccceeeee SSSSShhhhheeeeeeeeeettttt As of March 31, 2026 As of June 30, 2026 (Millions of yen) (Millions of yen) AAAAASSSSSSSSSSEEEEETTTTTSSSSS CCCCCuuuuurrrrrrrrrreeeeennnnnttttt aaaaasssssssssseeeeetttttsssss Cash and deposits 400,476 414,059 Notes receivable, trade receivables, contract assets and other 135,532 128,521 Costs on construction contracts in progress 10,875 12,643 Merchandise and finished goods 7,080 6,706 Work in process 3,751 4,659 Raw materials and supplies 5,762 6,018 Accounts receivable - other 38,690 37,199 Other 11,933 13,786 Allowance for doubtful accounts (830) (849) TTTTToooootttttaaaaalllll cccccuuuuurrrrrrrrrreeeeennnnnttttt aaaaasssssssssseeeeetttttsssss 613,271 622,746 NNNNNooooonnnnn-----cccccuuuuurrrrrrrrrreeeeennnnnttttt aaaaasssssssssseeeeetttttsssss PPPPPrrrrrooooopppppeeeeerrrrrtttttyyyyy,,,,, ppppplllllaaaaannnnnttttt aaaaannnnnddddd eeeeeqqqqquuuuuiiiiipppppmmmmmeeeeennnnnttttt Buildings and structures 88,134 88,808 Machinery, vehicles, tools, furniture and fixtures 88,475 91,343 Land 27,607 27,609 Leased assets 3,094 3,183 Construction in progress 4,989 4,682 Accumulated depreciation (117,739) (119,664) TTTTToooootttttaaaaalllll ppppprrrrrooooopppppeeeeerrrrrtttttyyyyy,,,,, ppppplllllaaaaannnnnttttt aaaaannnnnddddd eeeeeqqqqquuuuuiiiiipppppmmmmmeeeeennnnnttttt 94,561 95,963 IIIIInnnnntttttaaaaannnnngggggiiiiibbbbbllllleeeee aaaaasssssssssseeeeetttttsssss Software 14,777 15,135 Other 134 120 TTTTToooootttttaaaaalllll iiiiinnnnntttttaaaaannnnngggggiiiiibbbbbllllleeeee aaaaasssssssssseeeeetttttsssss 14,911 15,255 IIIIInnnnnvvvvveeeeessssstttttmmmmmeeeeennnnntttttsssss aaaaannnnnddddd ooooottttthhhhheeeeerrrrr aaaaasssssssssseeeeetttttsssss Investment securities 83,164 81,635 Long-term loans receivable 12,163 12,582 Retirement benefit asset 12,210 12,224 Deferred tax assets 11,312 11,291 Other 12,296 13,454 Allowance for doubtful accounts (15,099) (15,117) TTTTToooootttttaaaaalllll iiiiinnnnnvvvvveeeeessssstttttmmmmmeeeeennnnntttttsssss aaaaannnnnddddd ooooottttthhhhheeeeerrrrr aaaaasssssssssseeeeetttttsssss 116,048 116,071 TTTTToooootttttaaaaalllll nnnnnooooonnnnn-----cccccuuuuurrrrrrrrrreeeeennnnnttttt aaaaasssssssssseeeeetttttsssss 225,521 227,291 TTTTToooootttttaaaaalllll aaaaasssssssssseeeeetttttsssss 838,793 850,037
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6 As of March 31, 2026 As of June 30, 2026 (Millions of yen) (Millions of yen) LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS CCCCCuuuuurrrrrrrrrreeeeennnnnttttt llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss Notes payable, accounts payable for construction contracts and other 104,018 94,099 Short-term borrowings 325 633 Current portion of long-term borrowings 833 869 Income taxes payable 11,035 9,502 Contract liabilities 148,437 174,671 Provision for bonuses 14,657 19,099 Provision for bonuses for directors (and other officers) 223 353 Provision for loss on construction contracts 36,876 36,055 Provision for warranties for completed construction 802 523 Other 40,074 36,318 TTTTToooootttttaaaaalllll cccccuuuuurrrrrrrrrreeeeennnnnttttt llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss 357,285 372,128 NNNNNooooonnnnn-----cccccuuuuurrrrrrrrrreeeeennnnnttttt llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss Bonds payable 20,000 20,000 Long-term borrowings 14,024 14,315 Retirement benefit liability 10,925 11,085 Provision for retirement benefits for directors (and other officers) 170 128 Provision for share-based payments 212 294 Deferred tax liabilities 948 1,033 Deferred tax liabilities for land revaluation 1,028 1,028 Other 3,004 2,964 TTTTToooootttttaaaaalllll nnnnnooooonnnnn-----cccccuuuuurrrrrrrrrreeeeennnnnttttt llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss 50,316 50,849 TTTTToooootttttaaaaalllll llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss 407,601 422,978 NNNNNEEEEETTTTT AAAAASSSSSSSSSSEEEEETTTTTSSSSS SSSSShhhhhaaaaarrrrreeeeehhhhhooooollllldddddeeeeerrrrrsssss''''' eeeeeqqqqquuuuuiiiiitttttyyyyy Share capital 23,994 23,994 Capital surplus 3,453 3,453 Retained earnings 372,491 371,532 Treasury shares (3,367) (3,367) TTTTToooootttttaaaaalllll ssssshhhhhaaaaarrrrreeeeehhhhhooooollllldddddeeeeerrrrrsssss''''' eeeeeqqqqquuuuuiiiiitttttyyyyy 396,572 395,612 AAAAAccccccccccuuuuummmmmuuuuulllllaaaaattttteeeeeddddd ooooottttthhhhheeeeerrrrr cccccooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee Valuation difference on available-for-sale securities 22,260 19,673 Deferred gains or losses on hedges 1,123 1,017 Revaluation reserve for land (10,955) (10,955) Foreign currency translation adjustment 14,110 13,905 Remeasurements of defined benefit plans 6,307 5,997 TTTTToooootttttaaaaalllll aaaaaccccccccccuuuuummmmmuuuuulllllaaaaattttteeeeeddddd ooooottttthhhhheeeeerrrrr cccccooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee 32,846 29,637 NNNNNooooonnnnn-----cccccooooonnnnntttttrrrrrooooolllllllllliiiiinnnnnggggg iiiiinnnnnttttteeeeerrrrreeeeessssstttttsssss 1,772 1,808 TTTTToooootttttaaaaalllll nnnnneeeeettttt aaaaasssssssssseeeeetttttsssss 431,191 427,059 TTTTToooootttttaaaaalllll llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss aaaaannnnnddddd nnnnneeeeettttt aaaaasssssssssseeeeetttttsssss 838,793 850,037
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7 （２）Consolidated Statement of Income and Comprehensive Income CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd SSSSStttttaaaaattttteeeeemmmmmeeeeennnnnttttt ooooofffff IIIIInnnnncccccooooommmmmeeeee 1Q of fiscal year ended March 31, 2026 (Apr. 1, 2025 - Jun. 30, 2025) 1Q of fiscal year ending March 31, 2027 (Apr. 1, 2026 - Jun. 30, 2026) (Millions of yen) (Millions of yen) NNNNNeeeeettttt sssssaaaaallllleeeeesssss 189,821 159,299 Cost of sales 174,376 138,947 Gross profit 15,445 20,352 Selling, general and administrative expenses 7,545 7,997 OOOOOpppppeeeeerrrrraaaaatttttiiiiinnnnnggggg ppppprrrrrooooofffffiiiiittttt 7,899 12,355 NNNNNooooonnnnn-----ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg iiiiinnnnncccccooooommmmmeeeee Interest income 3,057 4,115 Dividend income 1,475 621 Foreign exchange gains － 3,882 Share of profit of entities accounted for using equity method 349 501 Other 114 263 TTTTToooootttttaaaaalllll nnnnnooooonnnnn-----ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg iiiiinnnnncccccooooommmmmeeeee 4,996 9,383 NNNNNooooonnnnn-----ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg eeeeexxxxxpppppeeeeennnnnssssseeeeesssss Interest expenses 286 317 Foreign exchange losses 3,355 － Other 52 42 TTTTToooootttttaaaaalllll nnnnnooooonnnnn-----ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg eeeeexxxxxpppppeeeeennnnnssssseeeeesssss 3,694 360 OOOOOrrrrrdddddiiiiinnnnnaaaaarrrrryyyyy ppppprrrrrooooofffffiiiiittttt 9,201 21,378 EEEEExxxxxtttttrrrrraaaaaooooorrrrrdddddiiiiinnnnnaaaaarrrrryyyyy lllllooooosssssssssseeeeesssss Loss on retirement of non-current assets 49 49 TTTTToooootttttaaaaalllll eeeeexxxxxtttttrrrrraaaaaooooorrrrrdddddiiiiinnnnnaaaaarrrrryyyyy lllllooooosssssssssseeeeesssss 49 49 PPPPPrrrrrooooofffffiiiiittttt bbbbbeeeeefffffooooorrrrreeeee iiiiinnnnncccccooooommmmmeeeee tttttaaaaaxxxxxeeeeesssss 9,152 21,328 IIIIInnnnncccccooooommmmmeeeee tttttaaaaaxxxxxeeeeesssss 3,562 9,703 PPPPPrrrrrooooofffffiiiiittttt 5,590 11,624 PPPPPrrrrrooooofffffiiiiittttt (((((LLLLLooooossssssssss))))) aaaaattttttttttrrrrriiiiibbbbbuuuuutttttaaaaabbbbbllllleeeee tttttooooo nnnnnooooonnnnn-----cccccooooonnnnntttttrrrrrooooolllllllllliiiiinnnnnggggg iiiiinnnnnttttteeeeerrrrreeeeessssstttttsssss (10) 7 PPPPPrrrrrooooofffffiiiiittttt aaaaattttttttttrrrrriiiiibbbbbuuuuutttttaaaaabbbbbllllleeeee tttttooooo ooooowwwwwnnnnneeeeerrrrrsssss ooooofffff pppppaaaaarrrrreeeeennnnnttttt 5,600 11,617
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8 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd SSSSStttttaaaaattttteeeeemmmmmeeeeennnnnttttt ooooofffff CCCCCooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee IIIIInnnnncccccooooommmmmeeeee 1Q of fiscal year ended March 31, 2026 (Apr. 1, 2025 - Jun. 30, 2025) 1Q of fiscal year ending March 31, 2027 (Apr. 1, 2026 - Jun. 30, 2026) (Millions of yen) (Millions of yen) PPPPPrrrrrooooofffffiiiiittttt 5,590 11,624 OOOOOttttthhhhheeeeerrrrr cccccooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee Valuation difference on available-for-sale securities 1,038 235 Deferred gains or losses on hedges (1,226) (109) Foreign currency translation adjustment (1,758) (377) Remeasurements of defined benefit plans (180) (358) Share of other comprehensive income of entities accounted for using equity method (4,735) (2,552) TTTTToooootttttaaaaalllll ooooottttthhhhheeeeerrrrr cccccooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee (6,862) (3,161) CCCCCooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee (1,272) 8,462 CCCCCooooommmmmppppprrrrreeeeehhhhheeeeennnnnsssssiiiiivvvvveeeee iiiiinnnnncccccooooommmmmeeeee aaaaattttttttttrrrrriiiiibbbbbuuuuutttttaaaaabbbbbllllleeeee tttttooooo Comprehensive income attributable to owners of parent (1,222) 8,408 Comprehensive income attributable to non-controlling interests (49) 53
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9 （３）Notes to Consolidated Financial Statements (((((AAAAAppppppppppllllliiiiicccccaaaaatttttiiiiiooooonnnnn ooooofffff ssssspppppeeeeeccccciiiiifffffiiiiiccccc AAAAAccccccccccooooouuuuunnnnntttttiiiiinnnnnggggg TTTTTrrrrreeeeeaaaaatttttmmmmmeeeeennnnnttttt fffffooooorrrrr PPPPPrrrrreeeeepppppaaaaarrrrriiiiinnnnnggggg CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll SSSSStttttaaaaattttteeeeemmmmmeeeeennnnntttttsssss))))) (Tax expense calculation) After applying tax effect accounting to profit before income taxes for the fiscal year, which includes this first quarter ended June 30, 2026, the Company makes a reasonable estimate of the effective tax rate and multiplies the profit before income taxes by that estimated effective tax rate. (((((SSSSSeeeeegggggmmmmmeeeeennnnnttttt IIIIInnnnnfffffooooorrrrrmmmmmaaaaatttttiiiiiooooonnnnn,,,,, eeeeetttttccccc.....))))) 1Q of fiscal year ended March 31, 2026 (April 1, 2025 - June 30, 2025) (Millions of yen) Reportable segment Others Total Adjustment ConsolidatedTotal Engineering Functional Materials Manufacturing Subtotal Net sales 174,129 14,588 188,718 1,103 189,821 － 189,821Sales to external customers Inter-segment sales or transfers 1 － 1 754 755 (755) － Total 174,130 14,588 188,719 1,858 190,577 (755) 189,821 Segment profit 7,452 1,841 9,294 236 9,531 (1,631) 7,899 Notes: 1. "Others" includes business activities of consulting, management of real estate and water desalination. 2. Adjustments to segment profit include corporate expenses not allocated to individual segments and the elimination of transactions between segments. 3. Segment profit is reconciled to operating profit on the consolidated statement of income. 1Q of fiscal year ending March 31, 2027 (April 1, 2026 - June 30, 2026) (Millions of yen) Reportable segment Others Total Adjustment ConsolidatedTotal Engineering Functional Materials Manufacturing Subtotal Net sales 142,656 15,591 158,248 1,051 159,299 － 159,299Sales to external customers Inter-segment sales or transfers 10 － 10 833 843 (843) － Total 142,666 15,591 158,258 1,884 160,143 (843) 159,299 Segment profit 11,578 2,382 13,960 289 14,250 (1,894) 12,355 Notes: 1. "Others" includes business activities of consulting, management of real estate and water desalination. 2. Adjustments to segment profit include corporate expenses not allocated to individual segments and the elimination of transactions between segments. 3. Segment profit is reconciled to operating profit on the consolidated statement of income.
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10 (((((NNNNNooooottttteeeeesssss iiiiinnnnn ttttthhhhheeeee EEEEEvvvvveeeeennnnnttttt ooooofffff SSSSSiiiiigggggnnnnniiiiifffffiiiiicccccaaaaannnnnttttt CCCCChhhhhaaaaannnnngggggeeeeesssss iiiiinnnnn SSSSShhhhhaaaaarrrrreeeeehhhhhooooollllldddddeeeeerrrrr'''''sssss EEEEEqqqqquuuuuiiiiitttttyyyyy))))) Not applicable. (((((GGGGGoooooiiiiinnnnnggggg CCCCCooooonnnnnccccceeeeerrrrrnnnnn))))) Not applicable. (((((AAAAAddddddddddiiiiitttttiiiiiooooonnnnnaaaaalllll IIIIInnnnnfffffooooorrrrrmmmmmaaaaatttttiiiiiooooonnnnn))))) Change in Fiscal Year-End of a Consolidated Subsidiary Previously, PT. JGC INDONESIA, a consolidated subsidiary, prepared its financial statements as of December 31, its fiscal year-end, and significant transactions occurring between that date and the consolidated fiscal year-end were adjusted as necessary for consolidation purposes. In order to provide more appropriate disclosures in the consolidated financial statements, the Company changed its consolidation method from the first quarter of the current consolidated fiscal year, whereby PT. JGC INDONESIA is consolidated based on provisional financial statements prepared as of the consolidated fiscal year-end. As a result of this change, the accounting period of PT. JGC INDONESIA included in the first quarter of the current consolidated fiscal year covers six months, and the effect of the change in fiscal year-end has been adjusted through the consolidated statement of income for the first quarter. Net sales of PT. JGC INDONESIA for the period from January 1, 2026 to March 31, 2026 amounted to 15,907 million yen, operating profit amounted to 1,536 million yen, ordinary profit amounted to 2,331 million yen, and profit before income taxes amounted to 2,335 million yen. (((((NNNNNooooottttteeeeesssss ooooonnnnn CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd SSSSStttttaaaaattttteeeeemmmmmeeeeennnnnttttt ooooofffff CCCCCaaaaassssshhhhh FFFFFlllllooooowwwwwsssss))))) Consolidated Statement of Cash Flows has not been prepared for the first quarter of the current consolidated fiscal year. Depreciation (including amortization related to intangible assets excluding goodwill) for the first quarter of the current consolidated fiscal year is as follows. (Millions of yen) 1Q of fiscal year ended March 31, 2026 (April 1- June 30,2025) 1Q of fiscal year ending March 31, 2027 (April 1- June 30,2026) Depreciation 2,683 3,011 (((((SSSSSiiiiigggggnnnnniiiiifffffiiiiicccccaaaaannnnnttttt SSSSSuuuuubbbbbssssseeeeeqqqqquuuuueeeeennnnnttttt EEEEEvvvvveeeeennnnnttttt))))) (Sales of Shares in Equity-Method Affiliate) At the Board of Directors meeting held on April 14, 2026, JGC Holdings Corporation (the“Company”) has resolved to transfer the shares (the“Share Transfer”) of its equity-method affiliate, Swing Corporation (“Swing”), to INFRONEER Holdings Inc. The transfer was completed on July 1, 2026, based on the share transfer agreement entered into on April 14, 2026. As a result of the Share Transfer, Swing, together with its subsidiaries, Swing AM Corporation and Swing Engineering Corporation, will be excluded from our corporate group. 1. Reason for the Share Transfer Since 2010, the Company, EBARA Corporation, and Mitsubishi Corporation, have worked together as three shareholders to strengthen Swing’s business structure, supporting its stable growth and addressing management issues. There have been ongoing changes in the business environment, including the expanding adoption of Water PPP* and the full-scale emergence of renewal demand due to the aging of existing facilities. In light of these developments,
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11 the Company has determined that transferring its shares to a suitable shareholder with a clear strategy and strong execution capabilities to underpin Japan’s social infrastructure over the medium to long term would contribute to the further enhancement of Swing’s corporate value in the future. Accordingly, the Company has resolved to transfer its shares in Swing. * Water PPP collectively refers to public–private partnership models and concession models for water-sector public facilities, including water supply, sewerage, and industrial water services, each designed to support a phased transition to concession arrangements. 2. Name of the Transferee INFRONEER Holdings Inc. 3. Date of transfer execution July 1, 2026 4. Overview of the Equity-Method Affiliate to Be Transferred (1) Name Swing Corporation (2) Description of business Operation and maintenance, design and construction of water and environmental plants; related chemicals business; and management of operating subsidiaries (3) Relationship between the Company and said company A subsidiary of the Company sells products to the affiliate. 5. Number of Transferred Shares, Transfer Price, and Ownership Status Before and After Transfer (1) Number of shares owned before the transfer 1,000,000 shares (2) Transfer price 25,068 million yen (*) (3) Transfer gain (Consolidated) Gain on sale of investment securities: 19, 933 million yen Transfer gain (Non-Consolidated) Gain on sale of shares of subsidiaries and associates: 19,608 million yen (4) Number of shares owned after the transfer －% (*) The transfer price stated above reflects a price adjustment based on the amount of the special dividend of 5,332 million yen received by the Company from Swing.
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12 33333..... OOOOOttttthhhhheeeeerrrrrsssss SSSSSaaaaallllleeeeesssss,,,,, OOOOOrrrrrdddddeeeeerrrrrsssss RRRRReeeeeccccceeeeeiiiiivvvvveeeeeddddd aaaaannnnnddddd BBBBBaaaaaccccckkkkkllllloooooggggg (((((CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd))))) (Millions of yen) March 31, 2026 June 30, 2026 Business area Outstanding Contracts New Contracts Sales Outstanding Contracts Total Engineering Business 1,155,589 114,508 142,656 1,141,226 Domestic Energy Transition Oil and gas 9,353 11,238 4,835 15,763 LNG － － － － Chemical 17,189 3,938 4,971 16,155 Clean energy 23,956 6,839 7,680 23,115 Others 812 227 468 565 Subtotal 51,311 22,244 17,955 55,600 Healthcare & life sciences 87,295 2,464 9,356 80,403 Industrial & urban infrastructure 6,740 780 2,465 5,055 Others 11 69 17 63 Domestic Subtotal 145,359 25,559 29,796 141,123 Overseas Energy Transition Oil and gas 278,499 1,392 27,215 256,544 LNG 343,426 79,503 45,163 383,474 Chemical 25,610 1,522 6,799 20,734 Clean energy 2,824 1,954 1,811 2,926 Others 358,825 2,295 30,522 334,465 Subtotal 1,009,186 86,668 111,511 998,146 Healthcare & life sciences 30 775 765 25 Industrial & urban infrastructure 1,010 1,496 574 1,929 Others 2 8 8 2 Overseas Subtotal 1,010,229 88,949 112,860 1,000,103 Functional Materials Manufacturing Business 10,129 18,933 15,591 13,544 Other Businesses 976 3,983 1,051 3,891 Grand Total 1,166,695 137,425 159,299 1,158,662 Notes: 1. The figure for outstanding contracts for "Total Engineering Business" at the end of the first quarter of the current consolidated fiscal year includes an upward adjustment of ¥13,785 million due to foreign currency translation, amendments and changes in contract amounts and others in the first quarter of the current consolidated fiscal year. 2. The figure for outstanding contracts for "Functional Materials Manufacturing Business" at the end of the first quarter of the current consolidated fiscal year includes an upward adjustment of ¥73 million due to foreign currency translation, amendments and changes in contract amounts and others in the first quarter of the current consolidated fiscal year. 3. The figure for outstanding contracts for "Other Businesses" at the end of the first quarter of the current consolidated fiscal year includes a downward adjustment of ¥17 million due to foreign currency translation, amendments and changes in contract amounts and others in the first quarter of the current consolidated fiscal year.