Interim report
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 Consolidated Financial Results for the Three Months ended June 30, 2026 August 3 , 202 6 Company name : CHIYODA CORPORATION Listing : Tokyo Stock Exchange Stock code : 6366 URL : http://www.chiyodacorp.com/en/ Representative : Koji Ota, Representative Director, President & CEO Inquiries : Tomoaki Kokita, General Manager, Accounting Department TEL : +81-45-225-7777 Dividend payable date : - Supplementary Explanation Material : Yes Financial Results Presentation : Yes (Millions of yen with fractional amounts discarded, unless otherwise noted) 1. Consolidated performance for three months ended June 30, 2026(April 1, 2026 to June 30, 2026) (1) Consolidated operating results (Percentages indicate year-on-year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % For three months ended June 30, 2026 86,763 (4.1) 4,716 (7.7) 6,290 (10.6) 5,508 (13.6) For three months ended June 30, 2025 90,457 (22.7) 5,109 (20.3) 7,035 28.3 6,372 58.6 Note: Comprehensive Income three months ended June 30, 2026: 5,489 million yen / ((13.7)%) three months ended June 30, 2025: 6,361 million yen / (60.0%) Net income per share Fully diluted net income per share Yen Yen For three months ended June 30, 2026 3.89 － For three months ended June 30, 2025 22.57 6.11 (2) Consolidated financial position Total assets Net assets Equity ratio Millions of yen Millions of yen % As of June 30, 2026 421,429 66,247 15.2 As of March 31, 2026 513,817 115,860 22.2 Reference: Equity As of June 30, 2026 : 64,058 million yen As of March 31, 2026 : 113,855 million yen 2. Cash dividends Cash dividends per share Record date First quarter Second quarter Third quarter Fiscal year-end Annual Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 － － － 0.00 0.00 Fiscal year ending March 31, 2027 － Fiscal year ending March 31, 2027 (Forecast) － － － － Note: Revision to the latest forecast announcement: None Note: No forecast has been made about the year-end dividends for the fiscal year ending March 31, 2027 at this time. Note: The table shows dividends status of common stock. For dividends status of class A shares (unlisted), please refer to ‘Dividend Status of Class A Shares’ as referred to hereinafter. Abridged Translation: The report is not audited and this translation is an abridged version prepared based on the statutory format in Japan for ref erence purpose only. If there is any discrepancy between this translation and the original Japanese version, the Japanese shall prevail.
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 3. Consolidated forecasts for the fiscal year ending March 31, 2027 (April 1, 2026 to March 31, 2027) (Percentages indicate year-on-year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent Net income per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending March 31, 2027 340,000 (31.2) 10,000 (87.8) 14,000 (84.9) 12,000 (85.8) 26.70 Note: Revision to the latest forecast announcement: None # Notes (1) Changes in Significant Subsidiaries during the Period ( Changes in specified subsidiaries accompanying changes in the scope of consolidation) : None (2) Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements : None (3) Changes in Accounting Policies and Accounting Estimates / Restatements a. Changes in accounting policies due to revisions of accounting standards, etc. : None b. Changes in accounting policies other than a. above : None c. Changes in accounting estimates : None d. Restatements : None (4) Number of issued shares (common stock) a. Total number of issued shares at the end of the period (including treasury stock) As of June 30, 2026 260,324,529 shares Year ended March 31, 2026 260,324,529 shares b. Number of treasury stock at the end of the period As of June 30, 2026 1,141,064 shares Year ended March 31, 2026 1,161,330 shares c. Average number of shares during the period For three months ended June 30, 2026 259,169,941 shares For three months ended June 30, 2025 259,122,394 shares Note: Number of treasury stock at year-end includes the shares held by the officer compensation Board Incentive Plan Trust (As of June 30, 2026: 691,909 shares, As of March 31, 2026: 712,195 shares). The shares held by the trust are also included treasury stock which is deducted when calculating the average number of shares during the period (As of June 30, 2026: 705,443 shares, As of June 30, 2025: 753,295 shares). # Reviewed by the certified independent auditor: None # (Proper use of earnings forecasts, and other special directions) The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual business and other results may differ substant ially due to a number of factors. Please refer to ‘(3) Consolidated Financial Forecasts of the Fiscal Year in 1. Qualitative Information Related to Consolidated Performance’ for earnings forecasts conditions and notes on the use of earnings forecasts. (Scheduled date to file Quarterly Financial Results with Independent Auditor’s Interim Review Report) The quarterly financial results with Independent auditor’s interim review report will be disclosed on August 6, 2026. Dividend Status of Class A Shares Class A Share Cash dividends per share Record date First quarter Second quarter Third quarter Fiscal year-end Annual Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 － － － 0.00 0.00 Fiscal year ending March 31, 2027 － Fiscal year ending March 31, 2027 (Forecast) － － － － Note: No forecast has been made about the year-end dividends for the fiscal year ending March 31, 2027 at this time.
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 1 Table of Contents for the appendices 1. Qualitative Information Related to Consolidated Performance ................................ ................... 2 (1) Qualitative Information on Business Performance ................................ .............................. 2 (2) Financial Information on Business Performance ................................ ................................ . 2 (3) Consolidated Financial Forecasts of the Fiscal Year ................................ ........................... 2 2. Consolidated Quarterly Financial Statements and Notes ................................ ........................... 3 (1) Consolidated Balance Sheets ................................ ................................ ............................. 3 (2) Consolidated Statement of Income and Comprehensive Income ................................ ........ 5 (3) Notes to Quarterly Consolidated Financial Statements ................................ ....................... 7 (Basis of Quarterly Consolidated Financial Statements) ................................ ............................ 7 (Notes to Going Concern Assumption) ................................ ................................ ....................... 7 (Notes to Significant Changes in Shareholders’ Equity) ................................ ............................. 7 (Notes to Changes in Accounting Estimates) ................................ ................................ ............. 7 (Notes to Quarterly Consolidated Statement of Cash Flow) ................................ ....................... 7 (Notes to Segment Information) ................................ ................................ ................................ . 7 3. Production, Contracts and Sales ................................ ................................ ................................ 8
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 2 1. Qualitative Information Related to Consolidated Performance (1) Qualitative Information on Business Performance The Group continues to execute Engineering, Procurement and Construction (EPC) projects in energy field. Following the withdrawal of Zachry Industrial, Inc. from the joint venture (JV) executing the Golden Pass LNG Project (GPX Project) in the USA, McDermott, LLC (MDR) and Chiyoda International Corporation (CIC) formed a new JV and agreed EPC contract amendments for Trains 1 - 3 with the client, Golden Pass Terminal LLC (GPX). Train 1 successfully produced its first LNG* in March 2026. Construction for Trains 2 and 3 is ongoing towards completion. Construction of the North Field East (NFE) LNG project in Qatar, an expansion of four LNG trains with capacities of 8 mtpa each, is ongoing. Although emergency measures were applied on the project in response to the heightened tensions in the Middle East, such as temporarily suspending construction and implementing alternative transportation methods, construction has now recommenced and is progressing accordingly. The impact on performance was minimal during the first quarter of the consolidated cumulative period and we continue to prioritize safety and quality in the execution of the project. We are executing multiple EPC projects in the global environmental field, including a large -scale solid electrolyte pilot system. On a consolidated basis, for the first quarter the fiscal year ending March 31, 2026, New Orders amounted to JPY 30,992 million (down 76.7% YoY), due to accumulation of domestic and overseas projects. Following steady execution of major projects , Net Sales amounted to JPY 86,763 million (down 4.1% YoY) and the Order Backlog amounted to JPY 560,896 million (down 8.5% YoY). Operating Profit is JPY 4,716 million (down 7.7% YoY) due to the same reason for Net Sales. Recognition of non-operating income and expenses resulted in Ordinary Profit of JPY 6,290 million (down 10.6% YoY) and Profit Attributable to the Owners of the Parent of JPY 55,08 million (down 13.6% YoY) * The initial stage of operation before the commencement of stable commercial production and shipment. (Note) For details on New Contracts, Net Sales, and Backlog of Contracts by segment, please refer to page 8. (2) Financial Information on Business Performance (Assets) Total Assets decreased by JPY 92,388 million from the end of the last fiscal year, due to the steady implementation of our capital policy and other initiatives. (Liabilities) Total Liabilities decreased by JPY 42,774 million from the end of the last fiscal year, due to the early repayment of the subordinated loan and other factors. (Net Assets) Total Net Assets is JPY 66,247 million, due to the partial acquisition and cancellation of Class A preferred shares and other factors. (3) Consolidated Financial Forecasts of the Fiscal Year There is no change from the consolidated financial forecasts for the fiscal year ending March 31, 202 7, announced on May 11, 2026.
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 3 2. Consolidated Quarterly Financial Statements and Notes (1) Consolidated Balance Sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 145,203 169,668 Electronically recorded monetary claims - operating 149 1,299 Accounts receivable from completed construction contracts and contract assets 44,640 35,237 Costs on construction contracts in progress 10,279 8,515 Jointly controlled assets of joint venture 167,995 164,960 Short-term loans receivable 100,010 9 Other 20,932 19,615 Allowance for doubtful accounts (308) (317) Total current assets 488,904 398,988 Non-current assets Property, plant and equipment Buildings and structures, net 4,256 4,108 Land 4,387 4,387 Other, net 1,295 1,207 Total property, plant and equipment 9,938 9,703 Intangible assets 5,474 5,142 Investments and other assets Investment securities 4,222 4,365 Retirement benefit asset 3,858 1,769 Deferred tax assets 142 140 Other 2,499 2,541 Allowance for doubtful accounts (1,222) (1,222) Total investments and other assets 9,499 7,594 Total non-current assets 24,913 22,440 Total assets 513,817 421,429
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 4 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Electronically recorded obligations - operating 10,066 9,573 Accounts payable for construction contracts 115,592 106,755 Current portion of long-term borrowings 1,202 1,202 Income taxes payable 6,282 4,855 Contract liabilities 190,815 185,277 Provision for warranties for completed construction 1,921 3,376 Provision for loss on construction contracts 5,580 5,562 Provision for bonuses 8,650 1,780 Other 30,658 30,224 Total current liabilities 370,768 348,608 Non-current liabilities Long-term borrowings 21,195 1,195 Deferred tax liabilities 2,682 2,377 Retirement benefit liability 898 929 Other 2,411 2,072 Total non-current liabilities 27,187 6,573 Total liabilities 397,956 355,181 Net assets Shareholders' equity Share capital 15,014 15,014 Capital surplus 142 142 Retained earnings 109,496 59,893 Treasury shares (768) (759) Total shareholders' equity 123,885 74,290 Accumulated other comprehensive income Valuation difference on available-for- sale securities (60) 17 Deferred gains or losses on hedges 3,836 4,493 Foreign currency translation adjustment (15,855) (15,163) Remeasurements of defined benefit plans 2,050 421 Total accumulated other comprehensive income (10,029) (10,232) Non-controlling interests 2,004 2,188 Total net assets 115,860 66,247 Total liabilities and net assets 513,817 421,429
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 5 (2) Consolidated Statement of Income and Comprehensive Income (Consolidated Statement of Income) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales of completed construction contracts 90,457 86,763 Cost of sales of completed construction contracts 81,065 77,720 Gross profit on completed construction contracts 9,391 9,043 Selling, general and administrative expenses 4,281 4,327 Operating profit 5,109 4,716 Non-operating income Interest income 2,373 2,206 Dividend income 2 2 Share of profit of entities accounted for using equity method 61 63 Other 101 60 Total non-operating income 2,538 2,333 Non-operating expenses Interest expenses 210 232 Foreign exchange losses 378 515 Other 23 10 Total non-operating expenses 612 759 Ordinary profit 7,035 6,290 Extraordinary losses Loss on valuation of investment securities － 98 Total extraordinary losses － 98 Profit before income taxes 7,035 6,191 Income taxes - current 418 387 Income taxes - deferred 120 144 Total income taxes 539 531 Profit 6,496 5,660 Profit attributable to non-controlling interests 124 152 Profit attributable to owners of parent 6,372 5,508
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 6 (Consolidated Statement of Comprehensive Income) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 6,496 5,660 Other comprehensive income Valuation difference on available-for-sale securities (29) 78 Deferred gains or losses on hedges (1,918) 656 Foreign currency translation adjustment 1,829 720 Remeasurements of defined benefit plans, net of tax (8) (1,628) Share of other comprehensive income of entities accounted for using equity method (8) 2 Total other comprehensive income (135) (171) Comprehensive income 6,361 5,489 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,289 5,305 Comprehensive income attributable to non-controlling interests 71 183
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 7 (3) Notes to Quarterly Consolidated Financial Statements (Basis of Quarterly Consolidated Financial Statements) We prepare the quarterly consolidated financial statements in accordance with the Article 4-1 of the Tokyo Stock Exchange’s standard for preparation of quarterly financial statements and the accounting standards for quarterly financial statements generally recognized as fair and reasonable in Japan, omitting certain disclosures under the Article 4-2 of the Tokyo Stock Exchange’s standard for preparation of quarterly financial statements. (Notes to Going Concern Assumption) None (Notes to Significant Changes in Shareholders’ Equity) Based on the resolution approved at the Annual General Meeting of Shareholders held on June 24, 2026, the Company acquired and cancelled a portion of its Class A preferred shares, totaling 110,400,000 shares, as of June 30, 2026. As a result of the acquisi tion of the Class A preferred shares, Treasury Shares increased by JPY 55,111 million, while the cancellation of the treasury shares decreased Capital Surplus and Treasury Shares by JPY 55,111 million, respectively. As this resulted in a negative balance in Other Capital S urplus, an amount equivalent to the negative balance of JPY 55,111 million was transferred from Retained Earnings brought forward. Consequently, as of the end of the first quarter of the consolidated fiscal period, Capital Surplus amounted to JPY 142 million, Retained Earnings to JPY 59,893 million, and Treasury Shares to JPY 759 million. (Notes to Changes in Accounting Estimates) (Change in the amortization period for actuarial differences related to retirement benefit accounting) The Company had previously amortized actuarial differences arising from retirement benefit accounting over a fixed period of ten years, which was within the average remaining service period of employees. However, following the transition of the active empl oyee portion to a defined contribution corporate pension plan, the Company has changed its method such that actuarial differences arising from the closed defined benefit corporate pension plan for retirees are fully amortized in the consolidated fiscal year following the year in which they arise. As a result, compared with the previous method, Operating Profit, Ordinary Profit, and Profit Before Income Taxes for the first quarter of the consolidated cumulative period each increased by JPY 210 million. (Notes to Quarterly Consolidated Statement of Cash Flow) There is no quarterly consolidated statement of cash flow available for nine months ended June 30, 2026. The depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill are as follows. Three months ended June 30, 2025 Three months ended June 30, 2025 Millions of yen Millions of yen Depreciation 759 772 Amortization of goodwill 8 8 (Notes to Segment Information) I. For three months ended June 30, 2025 We omit the description. The Group's reportable business segment consists only of the ‘Engineering,’ and ‘Other business’ has limited importance. II. For three months ended June 30, 2026 We omit the description. The Group's reportable business segment consists only of the ‘Engineering,’
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Chiyoda Corporation (6366) Consolidated Financial Results for Three Months ended June 30, 2026 8 and ‘Other business’ has limited importance. 3. Production, Contracts and Sales (Millions of yen) Segments Apr. 1, 2025－Jun. 30, 2025 Apr. 1, 2026－Jun. 30, 2026 New Contracts, ratio Net Sales, ratio Backlog of Contracts, ratio New Contracts, ratio Net Sales, ratio Backlog of Contracts, ratio 1. Engineering 132,635 90,302 770,582 30,829 86,600 560,896 99.9% 99.8% 100.0% (99.5% 99.8% (100.0% Energy (1) LNG Plant 1,891 50,266 429,408 10,002 37,218 292,306 1.4% 55.6% 55.7% 32.3% 42.9% 52.1% (2) Gas Related Work 685 1,060 33,924 332 940 25,476 0.5% 1.2% 4.4% 1.1% 1.1% 4.5% (3) Refinery/ Petrochemical 95,508 7,264 125,142 6,148 14,656 119,109 71.9% 8.0% 16.2% 19.8% 16.9% 21.2% Global Environment (4) Pharmaceutical/ Biochemistry/ Chemical 2,441 14,006 76,006 7,106 18,206 25,505 1.9% 15.5% 9.9% 22.9% 21.0% 4.6% (5) Environment/New Energy/Infrastructure 30,488 16,041 100,170 5,719 14,260 91,838 23.0% 17.7% 13.0% 18.5% 16.4% 16.4% (6) Others 1,619 1,664 5,930 1,519 1,316 6,659 1.2% 1.8% 0.8% 4.9% 1.5% 1.2% 2. Other Business 154 154 － 163 163 － 0.1% 0.2% － 0.5% 0.2% － Total 132,789 90,457 770,582 30,992 86,763 560,896 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Domestic 37,612 26,256 203,737 15,042 42,343 171,954 28.3% 29.0% 26.4% 48.5% 48.8% 30.7% Overseas 95,177 64,200 566,844 15,950 44,419 388,941 71.7% 71.0% 73.6% 51.5% 51.2% 69.3% Note: The backlog of contracts includes an increase / decrease due to changes in construction contracts acquired in prior fiscal years, and an increase / decrease due to foreign exchange translation adjustments.