Consolidated Financial Results for the Six Months Ended September 30, 2012 [Japanese GAAP]

Transcription

1 Member of the Financial Accounting Standards Foundation Disclaimer: This is a Japanese-English translation of the summary of financial statements of the Company produced for your convenience. Since no auditor audited this report, officially only the Japanese version is assumed to be the summary of financial statements of the Company. This summary does not constitute any guarantee and will not compensate any losses and/or damage stemming from actions taken based on these statements. In the case that there is any discrepancy between the Japanese and English versions, the Japanese version is assumed to be correct. November 12, 2012 Consolidated Financial Results for the Six Months Ended September 30, 2012 [Japanese GAAP] Listed company name: Taisei Corporation Stock exchange listings: Tokyo Stock Exchange, 1st Section Osaka Securities Exchange, 1st Section Nagoya Stock Exchange, 1st Section Stock code: 1801 Location of headquarters: Tokyo, Japan Website: Representative: Takashi Yamauchi, President and Chief Executive Officer Contact: Shigeyuki Sakurai, Executive Officer, General Manager, Accounting Department TEL: (from overseas) Scheduled date for submission of quarterly report: November 13, 2012 Scheduled date for dividend payment: December 4, 2012 Supplementary materials for quarterly financial summaries: Yes Quarterly financial results briefing: Yes (for analysts and institutional investors) 1. Consolidated financial results for the six months ended September 30, 2012 (From April 1, 2012 to September 30, 2012) (1) Operating results (cumulative total) (Millions of yen, rounded down) (Percentages indicate changes from the same period in the previous fiscal year.) Net sales Operating income Ordinary income Net income % % % % September 30, , , , , September 30, , ,046 (21.7) 8,250 (6.1) 1,485 (57.1) Note: Comprehensive income: September 30, ,403 million yen (-%) September 30, million yen (-%) September 30, 2012 September 30, 2011 Net income per share Diluted net income per share yen yen (2) Financial position (Millions of yen, rounded down) Total assets Equity Equity ratio % As of September 30, ,393, , As of March 31, ,494, , Reference: Shareholders equity September 30, ,663 million yen March 31, ,268 million yen

2 2. Dividends Dividends per share (yen) First quarter end Second quarter end Third quarter end Year-end Total (Full year) Year ended March 31, Year ending March 31, Year ending March 31, 2013 (Forecast) (Note) Revisions of projected dividends most recently announced: None 3. Consolidated results forecast for the fiscal year ending March 31, 2013 (FY2012) (From April 1, 2012 to March 31, 2013) (Millions of yen, rounded down) (Percentages indicate the rate of change from the same period of the previous fiscal year) Net income Net sales Operating income Ordinary income Net income per share % % % % yen Full fiscal year 1,380, , , , (Note) Revisions of consolidated forecasts most recently announced: Yes *Notes (1) Changes in significant subsidiaries during the quarter under review (Changes in specified subsidiaries accompanying changes in scope of consolidation): Yes New subsidiaries: (name of company(ies)) Excluded subsidiaries: 1 (name of company(ies)) Yuraku Real Estate Co., Ltd. (2) Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting principles, changes in accounting estimates and restatements (i) Changes in accounting principles due to revisions to accounting standards, etc.: Yes (ii) Changes due to accounting principles other than (i): None (iii) Changes in accounting estimates: Yes (iv) Restatements: None (Note) The Company has changed its depreciation method from the first quarter of this fiscal year and this change is applicable to a case in which it is difficult to distinguish between a change in an accounting policy and a change in an accounting estimate. (4) Number of shares outstanding (common stock) i. Number of shares outstanding at the end of period (including treasury stock) As of September 30, ,140,268,860 shares As of March 31, ,140,268,860 shares ii. Number of treasury stock at the end of period As of September 30, ,107,106 shares As of March 31, ,234 shares iii. Average number of shares during the period (quarterly cumulative total) Second quarter ended September 30, ,139,297,586 shares Second quarter ended September 30, ,139,581,182 shares * Implementation status of auditing procedures This financial results report is not subject to the quarterly auditing procedures stipulated by the Financial Instruments and Exchange Act. The auditing procedures of the consolidated financial statements were not completed at the time of the release of this report. * Disclaimer regarding appropriate use of forecasts and related points of note Earnings forecasts in this document are based on information available at present and logical assessments and do not represent any promise by the Company. Actual results may be materially different from expectations due to a variety of factors.

3 Overview of Consolidated Earnings Forecasts for Fiscal Year 2012 ending in March 2013 (Unit: 100 million yen; amounts less than 100 million yen are rounded up to the nearest 100 million yen (partially adjusted for fractions)) First two quarters Full fiscal year Previous fiscal year (From April 1, 2011 to September 30, 2011) Current fiscal year (From April 1, 2012 to September 30, 2012) Previous fiscal year (From April 1, 2011 to March 31, 2012) Current fiscal year (From April 1, 2012 to March 31, 2013) Actual *1 Initial Actual *1 Over Actual *1 Initial Revised Over Over initial Over initial forecast *2 previous forecast *2 forecast previous fiscal year forecast fiscal year forecast Amount of orders received 5,591 5,900 6, ,796 13,600 13,300 (496) (300) Civil engineering 1,300 1,600 1, ,587 3,300 3,300 (287) Building construction 3,778 3,700 3,524 (254) (176) 8,777 8,900 8,600 (177) (300) Real estate development (21) 1,328 1,300 1,300 (28) Other (15) (4) Net sales 5,520 6,400 5, (721) 13,235 13,800 13, Civil engineering 1,325 1,500 1, (103) 3,335 3,400 3, Building construction 3,726 4,300 3,730 4 (570) 8,569 9,000 9, Real estate development (33) 1,227 1,300 1, Other (15) (4) % (0.2) Gross Profit (21) 1,175 1,230 1, % Civil engineering (5) % (1.9) (1.5) Building construction (70) (23) (97) Real estate % development % (3.5) (0.5) Other (1) (1) % (6.9) (6.2) (6.3) 0.6 (0.1) (6.1) (5.9) (5.9) 0.2 SG&A expenses (381) (400) (362) (810) (820) (820) (10) % Operating income Non-operating income (4) Non-operating expenses (70) (50) (54) 16 (4) (107) (140) (140) (33) (Net financial revenue) (21) (25) (14) 7 11 (43) (60) (56) (13) 4 Ordinary income % Extraordinary income 0 0 (0) 0 16 (16) Extraordinary loss (20) (73) (53) (73) (151) (10) (80) 71 (70) Income before income taxes and minority interests % (0.6) (47) Income taxes and others (48) (60) (32) (155) (150) (110) Net income before % (0.3) (0.2) adjusting for minority (19) (30) interests Minority interests 0 (1) (1) (1) 0 (0) Net income % *1 Taisei Service Co., Ltd. was categorized under Other until the previous fiscal year, but is now categorized under Real estate development as a result of its merger with Yuraku Real Estate Co., Ltd. on April 1, Its business name has changed to Taisei-Yuraku Real Estate Co., Ltd. Accordingly, the previous fiscal year s results have been reclassified as Taisei-Yuraku Real Estate are now categorized under Real estate development. *2 Initial forecasts refer to the earnings forecasts outlined on May 14, The Company released its revised earnings forecasts for the first half of the fiscal year on October 24, 2012, so please refer to the Company s disclosures for information on its revised forecasts for the first half. Earnings forecasts in the table given above are projections based on information available at the time, and actual results may differ from the forecasts as a result of changes in operating conditions and other factors (0.3) (20) (0.1) (0.5) (70) (0.2) (30)

4 Overview of Non-consolidated Earnings Forecasts for Fiscal Year 2012 ending in March 2013 (Unit: 100 million yen; amounts less than 100 million yen are rounded up to the nearest 100 million yen (partially adjusted for fractions)) First two quarters Full fiscal year Previous fiscal year (From April 1, 2011 to September 30, 2011) Actual Current fiscal year (From April 1, 2012 to September 30, 2012) Initial forecast * Actual Over previous fiscal year Over initial forecast Previous fiscal year (From April 1, 2011 to March 31, 2012) Actual Current fiscal year (From April 1, 2012 to March 31, 2013) Initial forecast * Revised forecast Over previous fiscal year Over initial forecast Amount of orders received 4,341 4,400 4, ,773 10,500 10,200 (573) (300) Civil engineering 794 1,030 1, ,447 2,150 2,150 (297) Domestic , ,146 1,950 1,950 (196) Overseas (36) (127) (101) Building construction 3,439 3,290 3,113 (326) (177) 7,926 8,100 7,800 (126) (300) Domestic 3,407 3,050 3,102 (305) 52 7,212 7,300 7, Overseas (21) (229) (214) (300) Total 4,233 4,320 4, ,373 10,250 9,950 (423) (300) Real estate development (42) (6) (125) Other (25) Net sales 4,403 5,100 4,394 (9) (706) 10,251 10,700 10, Civil engineering 897 1, (150) 2,196 2,320 2, Domestic (120) 1,804 1,980 2, Overseas (63) (30) (142) (90) Building construction 3,434 3,920 3,365 (69) (555) 7,757 8,120 8, Domestic 3,098 3,640 3, (498) 7,019 7,580 7, Overseas (113) (57) (238) (40) Total 4,331 5,030 4,325 (6) (705) 9,953 10,440 10, Real estate development (12) (2) (13) Other (25) Gross Profit % (0.2) (10) (13) Civil engineering % (10) Building construction % (1.6) (1.5) (59) (5) (85) Total % (0.5) (1.0) (23) (15) (67) Real estate development (4) (98) % (8.6) (48.3) Other % (3.6) (2.6) (3) SG&A expenses % (5.5) (4.9) (5.2) 0.3 (0.3) (5.1) (4.9) (4.9) 0.2 (243) (250) (227) (522) (520) (520) 2 Operating income % Non-operating income (7) (21) 5 Non-operating expenses (59) (40) (46) 13 (6) (85) (100) (105) (20) (5) (Net financial revenue) 7 (13) (3) (10) 10 (6) (38) (33) (27) 5 % (0.1) Ordinary income Extraordinary income 0 0 (0) 0 14 (14) Extraordinary loss (19) (76) (57) (76) (52) (10) (80) (28) (70) Income before income % (1.1) (1.1) (0.4) (0.6) taxes (45) (61) (38) (70) Income taxes and others (54) (60) (28) (177) (120) (80) Net income % (0.4) (19) * Initial forecasts refer to the earnings forecasts outlined on May 14, The Company released its revised earnings forecasts for the first half of the fiscal year on October 24, 2012, so please refer to the Company s disclosures for information on its revised forecasts for the first half. Earnings forecasts in the table given above are projections based on information available at the time, and actual results may differ from the forecasts as a result of changes in operating conditions and other factors. (0.5) (29) (0.3) (30)

5 3. Quarterly consolidated financial statements (1) Quarterly consolidated balance sheets Previous consolidated fiscal year As of March 31, 2012 Second quarterly consolidated fiscal year As of September 30, 2012 Assets Current assets Cash and deposits 243, ,192 Notes receivable-trade and accounts receivable from completed construction contracts 384, ,110 Costs on uncompleted construction contracts 111, ,655 Real estate for sale and development projects in progress 145, ,114 Other inventories 10,250 9,891 Other 88,905 80,819 Allowance for doubtful accounts (1,112) (415) Total current assets 982, ,367 Noncurrent assets Property, plant and equipment Land 141, ,049 Other, net 70,790 69,310 Total property, plant and equipment 212, ,359 Intangible assets 7,167 7,066 Investments and other assets Investment securities 194, ,136 Other 113, ,084 Allowance for doubtful accounts (15,191) (13,932) Total investments and other assets 291, ,289 Total noncurrent assets 511, ,715 Total assets 1,494,695 1,393,083

6 Previous consolidated fiscal year As of March 31, 2012 Second quarterly consolidated fiscal year As of September 30, 2012 Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other 447, ,665 Short-term loans payable 197, ,183 Current portion of bonds 2,200 2,200 Advances received on uncompleted construction contracts 132, ,204 Provision for warranties for completed construction 2,168 2,243 Provision for loss on construction contracts 24,084 19,928 Other 115, ,455 Total current liabilities 921, ,881 Noncurrent liabilities Bonds payable 48,400 47,300 Bonds with subscription rights to shares 20,000 20,000 Long-term loans payable 150, ,271 Provision for retirement benefits 31,859 32,924 Provision for directors' retirement benefits Provision for loss on business of subsidiaries and affiliates 1,184 1,275 Provision for environmental measures Other 28,058 25,634 Total noncurrent liabilities 280, ,122 Total liabilities 1,202,094 1,100,003 Net assets Shareholders' equity Capital stock 112, ,448 Capital surplus 94,169 94,169 Retained earnings 78,292 78,478 Treasury stock (196) (272) Total shareholders' equity 284, ,823 Accumulated other comprehensive income Valuation difference on available-for-sale securities 9,942 10,156 Deferred gain (loss) on hedges (61) (17) Revaluation reserve for land (587) (587) Foreign currency translation adjustment (2,739) (2,712) Total accumulated other comprehensive income 6,554 6,840 Minority interests 1,333 1,416 Total net assets 292, ,080 Total liabilities and net assets 1,494,695 1,393,083

7 (2) Quarterly consolidated income statement and quarterly consolidated comprehensive income statement Consolidated statements of income ( September 2012) September 30, 3011 September 30, 2012 Net sales Net sales of completed construction contracts 497, ,532 Net sales of development business and other 54,237 63,396 Total net sales 552, ,929 Cost of sales Cost of sales of completed construction contracts 454, ,325 Cost of sales on development business and other 46,719 51,708 Total cost of sales 500, ,034 Gross profit Gross profit on completed construction contracts 43,555 40,207 Gross profit on development business and other 7,518 11,687 Total gross profit 51,074 51,895 Selling, general and administrative expenses 38,028 36,196 Operating income 13,046 15,698 Non-operating income Dividends income 1,501 1,483 Other 700 1,859 Total non-operating income 2,202 3,343 Non-operating expenses Interest expenses 3,855 3,358 Foreign exchange losses 2,527 1,624 Other Total non-operating expenses 6,997 5,459 Ordinary income 8,250 13,582 Extraordinary income Gain on sale of noncurrent assets 28 5 Gain on sales of subsidiaries and affiliates' stocks 36 - Gain on sales of golf memberships 0 5 Other 7 0 Total extraordinary income Extraordinary loss Loss on valuation of investment securities 1,585 6,224 Other 442 1,058 Total extraordinary loss 2,027 7,282 Income before income taxes and minority interests 6,295 6,310 Income taxes 4,816 3,200 Income before minority interests 1,479 3,110 Minority interests (losses) in income (6) 75 Net income 1,485 3,034

8 Quarterly consolidated comprehensive income statement ( September 30, 2012) September 30, 2011 September 30, 2012 Income before minority interests 1,479 3,110 Other comprehensive income Valuation difference on available-for-sale securities (1,463) 215 Deferred gain (loss) on hedges (71) 46 Foreign currency translation adjustment Share of other comprehensive income of associates accounted for using equity method 14 (0) Total other comprehensive income (1,396) 293 Comprehensive income 82 3,403 Comprehensive income attributable to Owners of the parent company shareholders (4) 3,320 Minority interests 86 82

9 (3) Quarterly consolidated statements of cash flows From April 1, 2011 to September 30, 2011 From April 1, 2012 to September 30, 2012 Amount Amount Net cash flow from operating activities Income before income taxes and minority interests 6,295 6,310 Depreciation and amortization 3,838 3,276 Impairment loss 4 - Increase (decrease) in allowance for doubtful accounts (2,960) (1,956) Increase (decrease) in provision for loss on construction contracts 640 (4,155) Increase (decrease) in provision for retirement benefits 1,118 1,064 Interest and dividends income (1,759) (1,924) Interest expenses 3,855 3,358 Foreign exchange losses (gains) 2,527 1,624 Loss (gain) on valuation of short-term and long term investment securities 1,585 6,224 Decrease (increase) in notes and accounts receivable-trade (11,680) 79,623 Decrease (increase) in costs on uncompleted construction contracts (21,850) (24,645) Decrease (increase) in real estate for sale and development projects in progress (6,856) 1,244 Increase (decrease) in notes and accounts payable-trade (38,216) (71,811) Increase (decrease) in advances received on uncompleted construction contracts 19,731 8,168 Other 3, Subtotal (40,074) 6,962 Interest and dividends income received 1,776 2,015 Interest expenses paid (3,957) (3,438) Income taxes paid (1,154) (4,291) Net cash provided by (used in) operating activities (43,409) 1,247 Net cash flow from investing activities Decrease (increase) in time deposits (384) 1,724 Purchase of short-term and long term investment securities (1,768) (2,673) Proceeds from sales of short-term and long term investment securities Purchase of property, plant and equipment and intangible assets (4,121) (2,876) Proceeds from sales of property, plant and equipment and intangible assets 777 1,052 Payments for sales of investments in subsidiaries resulting in change in scope of consolidation (100) - Other (165) 475 Net cash flow from investing activities (5,038) (2,270) Net cash flow from financing activities Increase (decrease) in short-term loans payable (14,994) 10,735 Increase (decrease) in commercial papers 24,996 - Proceeds from long-term loans payable 28,840 31,540 Repayment of long-term loans payable (44,853) (59,469) Proceeds from issuance of bonds 9,955 - Redemption of bonds (11,100) (1,100) Cash dividends paid (2,848) (2,848) Other (179) (219) Net cash flow from financing activities (10,182) (21,361) Effect of exchange rate change on cash and cash equivalents (1,709) (1,442) Net increase (decrease) in cash and cash equivalents (60,339) (23,827) Cash and cash equivalents at beginning of period 203, ,163 Cash and cash equivalents at end of period 143, ,335

10 4. (Reference) Quarterly non-consolidated financial statements (1) (Summary) Quarterly non-consolidated balance sheets Previous consolidated fiscal year As of March 31, 2012 Second quarterly consolidated fiscal year As of September 30, 2012 Assets Current assets Cash and deposits 223, ,151 Notes receivable-trade, accounts receivable from completed construction contracts, etc. 319, ,092 Real estate for sale 68,159 67,446 Costs on uncompleted construction contracts, etc 100, ,067 Development projects in progress 27,017 28,839 Other 82,704 73,358 Allowance for doubtful accounts (664) (227) Total current assets 820, ,729 Noncurrent assets Property, plant and equipment 109, ,668 Intangible assets 3,537 3,458 Investments and other assets Investment securities 256, ,271 Other 93,871 87,050 Allowance for doubtful accounts (19,963) (18,578) Total investments and other assets 330, ,744 Total noncurrent assets 443, ,871 Total assets 1,263,722 1,179,600

11 Previous consolidated fiscal year As of March 31, 2012 Second quarterly consolidated fiscal year As of September 30, 2012 Liabilities Current liabilities Notes receivable-trade, accounts payable for construction contracts, etc. 374, ,439 Short-term loans payable 129, ,209 Current portion of bonds 2,200 2,200 Advances received on uncompleted construction contracts 121, ,716 Provision for warranties for completed construction 1,491 1,490 Provision for loss on construction contracts 23,419 18,609 Other 159, ,880 Total current liabilities 812, ,545 Noncurrent liabilities Bonds payable 48,400 47,300 Bonds with subscription rights to shares 20,000 20,000 Long-term loans payable 99,012 97,170 Provision for retirement benefits 16,701 17,629 Provision for loss on business of subsidiaries and affiliates 1,972 2,883 Provision for environmental measures Other 5,523 5,525 Total noncurrent liabilities 191, ,780 Total liabilities 1,003, ,325 Net assets Shareholders' equity Capital stock 112, ,448 Capital surplus 94,187 94,187 Legal capital surplus 56,538 56,538 Other capital surplus 37,648 37,648 Retained earnings 43,978 44,237 Other retained earnings 43,978 44,237 Reserve for advanced depreciation of noncurrent assets 3,000 3,000 General reserve 34,500 31,500 Retained earnings brought forward 6,478 9,737 Treasury stock (196) (272) Total shareholders' equity 250, ,600 Valuation and translation adjustments Valuation difference on available-for-sale securities 9,388 9,687 Deferred gain (loss) on hedges (58) (12) Total valuation and translation adjustments 9,329 9,674 Total net assets 259, ,275 Total liabilities and net assets 1,263,722 1,179,600

12 (2) (Summary) Quarterly non-consolidated statements of income September 30, 3011 September 30, 2012 Net sales Net sales of completed construction contracts 433, ,528 Net sales of development business and other 7,163 6,879 Total net sales 440, ,407 Cost of sales Cost of sales of completed construction contracts 394, ,944 Cost of sales on development business and other 7,336 5,794 Total cost of sales 401, ,739 Gross profit Gross profit on completed construction contracts 38,941 36,584 Gross profit on development business and other (172) 1,084 Total gross profit 38,768 37,668 Selling, general and administrative expenses 24,337 22,705 Operating income 14,431 14,962 Non-operating income Dividends income 3,329 1,799 Other 479 1,253 Total non-operating income 3,808 3,052 Non-operating expenses Interest expenses 2,830 2,536 Foreign exchange losses 2,523 1,588 Other Total non-operating expenses 5,936 4,560 Ordinary income 12,303 13,454 Extraordinary income 36 5 Extraordinary loss Loss on valuation of investment securities 1,585 6,223 Other 354 1,366 Total extraordinary loss 1,939 7,590 Income before income taxes 10,400 5,870 Income taxes 5,426 2,762 Net income 4,974 3,107 (Reference) Net income per share September 30, 2012: 2.73 yen September 30, 2011: 4.36 yen (Note) 1. The Company s quarterly financial statements are prepared in accordance with the Ordinance on Terminology, Forms and Preparation Methods of Quarterly Financial Statements, etc. and the Construction Industry Law s enforcement regulations. 2. Classifications of categories are noted in summary.

13 5. Supplementary Information (1) (Non-consolidated) Amount of orders received, net sales and balance carried forward (i) Amount of orders received (Millions of yen, rounded down) Civil engineering (1) From April 1, 2011 to From April 1, 2012 to Change over Rate of From April 1, 2011 to September 30, 2011 September 30, 2012 previous year change March 31, 2012 % % % % Domestic public sector 40, , , , Domestic private sector 42, , (5,475) (12.8) 103, Overseas (3,596) (0.8) ,843 30, Total 79, , , , Building construction (2) Domestic public sector 19, , , , Domestic private sector 321, , (49,591) (15.4) 666, Overseas 3, , (2,045) (64.0) 71, Total 343, , (32,600) (9.5) 792, Total (1) + (2) Domestic public sector 59, , , , Domestic private sector 363, , (55,066) (15.1) 770, Overseas (397) (0.1) 1, , , Total 423, , , ,037, Real estate development 8, , (4,167) (48.2) 30, Other 2, , , Total 434, , , ,077, Note: The percentages indicate the proportion. Major new construction orders in the six months under review Tokyo International Air Terminal Corporation Extension work of the International Flight Passenger Terminal and other facilities (Sections E, F and D (part 2)) Miyagi Prefectural Government Disaster waste disposal (Kesennuma block) West Nippon Expressway Co., Ltd., Kansai Branch Minoo Tunnel Eastern Section construction, Shin-Meishin Expressway, Kewpie Corporation Kewpie Sengawa Factory site redevelopment project (tentative name) IKEA Japan New construction of IKEA Tokyo Tachikawa (tentative name)

14 (ii) Net sales Civil engineering (1) From April 1, 2011 to September 30, 2011 From April 1, 2012 to September 30, 2012 Change over previous year (Millions of yen, rounded down) Rate of change From April 1, 2011 to March 31, 2012 % % % % Domestic public sector 39, , , Domestic private sector 32, , , , Overseas 18, , (6,361) (34.7) 39, Total 89, , , , Building construction (2) Domestic public sector 39, , (5,843) (14.7) 106, Domestic private sector 269, , , , Overseas 33, , (11,320) (33.7) 73, Total 343, , (6,891) (2.0) 775, Total (1) + (2) Domestic public sector 78, , (4,888) (6.2) 196, Domestic private sector 302, , , , Overseas 51, , (17,681) (34.0) 113, Total , (574) (0.1) 995, Real estate development 5, , (1,192) (23.8) 20, Other 2, , , Total 440, , (858) (0.2) 1,025, Note: The percentages indicate the proportion. Major construction projects completed in the six months under review Japan Post Network Co., Ltd. New construction for Marunouchi 2-Chome Project (tentative name) Tokushukai, Ltd. Shonan Fujisawa Tokushukai Hospital Sumitomo Realty & Development Co., Ltd. New construction for Shibaura 4-Chome Area Project (tentative name) Central Nippon Expressway Company Limited Irino-nishi area construction, 2nd Tomei Expressway The Chugoku Electric Power Co., Inc. Tsunami Breakwater installation (east side of the Shimane-3), Shimane Nuclear Power Plant

15 (iii) Balance carried forward (Millions of yen, rounded down) Civil engineering (1) As of September 30, As of September 30, Change over Rate of As of March 31, previous year change % % % % Domestic public sector 161, , , , Domestic private sector 114, , (2,732) (2.4) 118, Overseas 72, , , , Total 348, , , , Building construction (2) Domestic public sector 138, , (26,569) (19.2) 107, Domestic private sector , , , Overseas 74, , , , Total 1,156, ,147, (8,833) (0.8) 1,173, Total (1) + (2) Domestic public sector 300, , , , Domestic private sector 1,057, ,065, , ,081, Overseas 147, , , , Total 1,505, ,570, , ,557, Real estate development 3, , , , Other Total 1,509, ,581, , ,567, Note: The percentages indicate the proportion. Major new construction orders carried over into next fiscal period New Doha International Airport Steering Committee New construction of the New Doha International Airport Terminal Complex in Qatar Algerian government s Ministry of Public Works, Expressway Algeria East-West Expressway (eastern section) Public Corporation Turkey s Directorate of State Railroads, Ports and Airports Construction, Ministry of Transport and Communications Tokyo Prime Stage Ltd. NTT Urban Development Corporation, Taisei Corporation, Hulic Co., Ltd., Tokyo City-Development Co., Ltd. Bosphorus Rail Tube Crossing Tunnel construction project in Turkey Construction work on site Otemachi 1-6 Planning (tentative name) Upper-level section redevelopment project associated with the reconstruction of the Shibaura Water Reclamation Center (tentative name)