Shimizu Corporation (hereinafter the 'Corporation') hereby announces that it has revised its financial forecasts for the fiscal year ending March 31, 2022 which was announced on January 31, 2022. The year-end dividend forecast for the fiscal year ending March 2022 is 11.50 yen per share (23 yen per year) as initially announced.

Forecast of Consolidated Results of Operations

In addition to the reason for the revision of the Nonconsolidated Results of Operations, Operating Income and Ordinary Income are expected to decrease by 31.4 billion yen and 26.6 billion yen respectively from the previous forecast, since the spread of COVID has resulted in declining profit margins for certain overseas construction subsidiaries.

Net Income attributable to shareholders of the Corporation is expected to decrease by 10.3 billion yen from the previous forecast as a result of anticipating 6.4 billion yen of 'Gain on negative goodwill' as Special Gains, due to THE NIPPON ROAD CO.,LTD., an equity-method applied affiliate, becoming a subsidiary as of March 29, 2022.

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