Chiyoda Corporation
Notice Regarding Revision of Earnings Guidance and Dividend Forecast
For the fiscal year ending March 2026, net sales have been significantly upwardly revised by 27.3% from 385 billion yen to 490 billion yen, and operating income has been substantially increased by 315.4% from 19.5 billion yen to 81 billion yen. The dividend remains at zero.
Key Figures
- Net Sales: 490 billion yen (Up 27.3% from previous forecast)
- Operating Income: 81 billion yen (Up 315.4% from previous forecast)
- Net Income Attributable to Owners of Parent: 80 billion yen (Up 255.6% from previous forecast)
AI要約
Overview of Earnings Guidance Revision
Chiyoda Corporation has significantly upwardly revised its full-year consolidated earnings guidance for the fiscal year ending March 2026. Net sales are expected to increase by 27.3% from the previous forecast of 385 billion yen to 490 billion yen. Operating income is projected to rise by 315.4% from 19.5 billion yen to 81 billion yen, ordinary income by 232.1% from 26.5 billion yen to 88 billion yen, and net income attributable to owners of the parent by 255.6% from 22.5 billion yen to 80 billion yen. These upward revisions are driven by increased contract revenues and gross profit from the revised EPC contract concluded for the US Golden Pass LNG Project, favorable foreign exchange effects, strong progress in multiple domestic and overseas projects, and one-time factors.
Dividend Forecast Revision and Impact on Shareholders
The dividend for common stock for the fiscal year ending March 2026 remains at zero, unchanged from the previous forecast. This is due to the policy of redeeming all Class A preferred shares held by Mitsubishi Corporation, with all distributable amounts allocated toward this redemption. After completing the full share redemption by the end of June 2028, the Company aims to reinstate dividends for common shareholders. Investors should understand the continuation of no dividend and monitor future shareholder return policies closely.
