Shimizu Corp raises FY25 earnings, increases dividend forecast

Shimizu Corporation today announced upward revisions to its consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2025. The company now projects consolidated sales of JPY 1,944.3 billion, a 4.5% increase from the previous forecast, with operating income rising 26.8% to JPY 71 billion and net income attributable to shareholders increasing 10.0% to JPY 66 billion. On a non-consolidated basis, sales are expected to reach JPY 1,501.5 billion, with operating income at JPY 44 billion and net income at JPY 62.1 billion. Concurrently, the company raised its year-end dividend forecast by JPY 3 to JPY 20.50 per share, bringing the total annual dividend to JPY 38 per share. The revisions are attributed to strong performance in domestic construction and improved profitability in civil engineering projects.