Notice Regarding Differences between Financial Forecasts and Actual Results for the First Half of the Fiscal Year Ending March 31, 2022

(Millions of yen)

(Millions of yen)

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.

		November 11, 2021
To Whom It May Concern
Company name:	HAZAMA ANDO CORPORATION
Representative:	Representative Director and President	Masato Fukutomi
	Tokyo Stock Exchange First Section Securities Code: 1719
Contact:	General Manager,	Toshihisa Kino
	Corporate Communications Department
	Phone: [phone]

Notice Regarding Differences between Financial Forecasts and Actual Results

for the First Half of the Fiscal Year Ending March 31, 2022

HAZAMA ANDO CORPORATION hereby provides details of differences between financial forecasts announced on May 12, 2021 and actual results for the first half (the six-month period from April 1, 2021 to September 30, 2021) of the fiscal year ending March 31, 2022. Brief details are provided as follows.

1. The first half (April 1, 2021 to September 30, 2021) of the fiscal year ending March 31, 2022 Differences between consolidated financial forecasts and actual results

				Profit		Net profit
	Net sales	Operating	Ordinary	attributable to
		per share
	profit	profit	owners of
			(Yen)
				parent
Previous forecast (A)	157,000	8,500	7,600	5,100	27.34
Actual results (B)	158,902	12,440	11,999	8,105	44.30
Difference (B - A)	1,902	3,940	4,399	3,005
Percentage change (%)	1.2	46.4	57.9	58.9
(Reference) Previous 1H results	181,099	13,856	12,654	8,557	44.33
1H of the fiscal year ended
March 31, 2021

2. The first half (April 1, 2021 to September 30, 2021) of the fiscal year ending March 31, 2022 Differences between non-consolidated financial forecasts and actual results

					Profit		Net profit
		Operating	Ordinary	attributable to
	Net sales		per share
		profit	profit	owners of
				(Yen)
					parent
Previous forecast (A)	147,000		7,900	7,300	5,000	26.81
Actual results (B)	148,510		11,185	11,038	7,546	41.25
Difference (B - A)	1,510		3,285	3,738	2,546
Percentage change (%)	1.0		41.6	51.2	50.9
(Reference) Previous 1H results	170,617		13,447	12,454	8,495	44.01
1H of the fiscal year ended
March 31, 2021
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3. Reasons for the difference actual results

1. Non-consolidatedresults
   Increases in operating profit, ordinary profit, and profit attributable to owners of parent were mainly due to the increase in gross profit on completed construction contracts as a result of higher profit margins in domestic building construction.
2. Consolidated results
   Largely due to differences in non-consolidated results

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