* U.S. dollar amounts have been converted at the rate of ¥120=US$1, the approximate rate of exchange at March 31, 2003. Total assets ............................................................................................. ¥ 120,297 ¥ 129,314 $ 1,002,475 Total shareholders' equity ....................................................................... 16,670 15,103 138,916 Construction contracts ........................................................................... 166,367 141,387 1,386,392 Operating income (loss) .......................................................................... 1,548 (5,202) 12,900 Net income ............................................................................................. 2,000 121 16,667 New contracts ........................................................................................ 249,093 217,997 2,075,775 Backlog of contracts ............................................................................... 316,167 246,137 2,634,725 Per share of common stock Basic net income..................................................................................... ¥ 10.79 ¥ 0.65 $ 0.09 Millions of Yen 2003 2002 Thousands of U.S. Dollars 2003 Yen U.S. Dollars Chiyoda Corporation and Consolidated Subsidiaries Years Ended March 31, 2003 and 2002 Consolidated Financial Highlights Backlog of Contracts Construction Contracts New Contracts Total Shareholders’ Equity Ratio  vs., Debt Equity Ratio Return on Equity (ROE) Interest-Bearing Debts  vs., Cash and Time Deposits Interest-Bearing Debts Cash and Time Deposits ¥ billions FY2001 ending  Mar. 31, 2001 FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 0 10 20 30 40 37.3 33.9 28.1 40.5 18.6 36.1 FY2001 ending  Mar. 31, 2001 FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 -40% -20% 0% 20% 12.6% 0.8% -39.7% Total Shareholders’ Equity Ratio Debt Equity Ratio Ratio FY2001 ending  Mar. 31, 2001 FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 1.0 1.50 2.00 2.50 3.00 10.0% 12.0% 14.0% 11.0% 2.48 1.86 1.12 11.7% 13.9% 0 FY2001 ending  Mar. 31, 2001 ¥ billions FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 50 100 150 200 250 139.4 217.9 249.0 0 50 100 150 200 ¥ billions FY2001 ending  Mar. 31, 2001 FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 128.6 141.3 166.3 0 50 100 150 200 250 300 350 ¥ billions FY2001 ending  Mar. 31, 2001 FY2002 ending  Mar. 31, 2002 FY2003 ending  Mar. 31, 2003 164.2 246.1 316.1 2