Tokyu Construction ups profit forecast for fiscal year 2025

Tokyu Construction (TSE:1720) announced an upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now expects net sales of JPY 293 billion, operating profit of JPY 8.8 billion, and recurring profit of JPY 9.7 billion. Net income attributable to owners of the parent is projected to be JPY 6.6 billion, equating to JPY 62.65 per share. The revision is primarily attributed to improved profitability in overseas civil engineering projects and increased gross profit in domestic construction, offsetting a slight decrease in projected sales. The company reaffirmed its dividend forecast of JPY 38 per share.