Totech profits surge on strong construction demand

Totech Corporation (TSE: 9960) announced its consolidated financial results for the nine months ended December 31, 2024, showcasing significant growth in both revenue and profitability. Net sales increased by 9.2% year-over-year to ¥110.42 billion, driven by steady construction demand in redevelopment projects and data centers. Operating profit soared by 52.1% to ¥10.19 billion, and profit attributable to owners of parent company rose by 56.1% to ¥7.67 billion. The product sales business saw a 4.6% increase to ¥65.87 billion, while the construction business surged by 15.2% to ¥46.32 billion. Based on this performance, Totech has revised its full-year financial results forecast for the fiscal year ending March 31, 2025 upwards. Basic earnings per share for the nine month period reached ¥186.52, compared to ¥119.61 in the previous year.