Sumitomo Mitsui Construction revises upward full-year earnings forecast

Sumitomo Mitsui Construction (TSE: 1821) announced an upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now anticipates sales of JPY460,000 million, up from the previous forecast of JPY455,000 million. Operating profit is projected to be JPY7,500 million, a significant increase from the prior estimate of JPY2,500 million, with net profit attributable to shareholders forecast at JPY800 million, compared to a previous estimate of negative JPY5,500 million. The revision reflects improved profitability in domestic construction projects and higher sales from overseas subsidiaries. The company's previous forecast was released on February 12, 2025.