Hazama Ando ups full-year earnings forecast significantly

Hazama Ando Corporation (TSE:1719) announced a significant upward revision to its full-year earnings forecast for the fiscal year ending March 2025. The company now expects consolidated sales of JPY 425.1 billion, up from the previous forecast of JPY 417.1 billion, and operating profit is projected to reach JPY 35.2 billion, a substantial increase from the earlier estimate of JPY 27.0 billion. Net profit attributable to shareholders is now forecast at JPY 26.5 billion, resulting in earnings per share of JPY 169.11. The company attributes the improved outlook to the smooth progress of civil engineering and construction projects, coupled with enhanced profitability in completed building projects. The company also revised its standalone earnings forecast, driven by improvements in the completion of construction projects.