Corporate Communications Department Phone: +81-3-3575-6094
Notice Regarding the Posting of Extraordinary Income
for the First Quarter of the Fiscal Year Ending March 31, 2023（Fiscal 2022）
Recognizing that the amount of loss including compensation for damages has for the most part been decided, HAZAMA ANDO CORPORATION hereby announces that it will post extraordinary income for the first quarter of the fiscal year ending March 31, 2023, in connection with the fire that occurred at a Company construction site in Tama City, Tokyo on July 26, 2018. Brief details are presented as follows.
1. Posting of extraordinary income
HAZAMA ANDO had previously recorded fire damage costs that it could expect to occur outside the scope of its construction within a range that could be reasonably estimated as well as an estimated amount for such expenses as compensation for damages based on the terms and conditions of construction contract agreements as extraordinary losses*1. With deliberations regarding compensation for damages with related parties now reaching final agreement, and the amount of loss including compensation for damages largely being decided, HAZAMA ANDO will post a reversal of provision for loss on damage due to fire*2 of ¥305 million and compensation for damages received following an agreement on the sharing of losses with partner companies of ¥2,700 million for a total of ¥3,005 million as extraordinary income.
In addition, the cumulative amount of loss in this instance is estimated to come in at ¥6,087 million excluding the amount paid as construction costs.
*1 Amount of recorded extraordinary loss up to the fiscal year ended March 31, 2022: ¥9,093 million
*2 Balance of provision for loss on damage due to fire as of March 31, 2022: ¥3,921 million
2. Impact on financial results
Forecasts of consolidated and non-consolidatedfinancial results for the fiscal year ending March 31, 2023, including the aforementioned extraordinary income, are currently under scrutiny. Details will be announced in a timely manner in the event a revision is required.
General Manager,
Contact:
HAZAMA ANDO CORPORATION
Representative Director and President Masato Fukutomi Tokyo Stock Exchange Prime Market securities code: 1719
Toshihisa Kino
Company name: Representative:
Disclaimer: This document is an English translation of the Japanese original which is filed with the Tokyo Stock Exchange and is only for reference purposes. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.
June 29, 2022
To Whom It May Concern

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Hazama Ando Corp. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 08:26:10 UTC.