Kanamoto's first quarter profit surges over 80%

Kanamoto (TSE: 9678) reported a significant increase in earnings for its first quarter of fiscal year 2025, with net profit attributable to the parent company's shareholders jumping 82.1% to ¥3.238 billion, compared to ¥1.778 billion in the same period last year. Revenue increased by 7.1% to ¥53.673 billion, and operating income increased by 67.2% to ¥4.993 billion. The company's core construction-related business saw revenues rise 6.2% to ¥48.110 billion, fueled by reconstruction projects and infrastructure development. Kanamoto maintains its full-year earnings forecast, and expects second quarter revenue of ¥102.5 billion and a full year revenue of ¥211.1 Billion.