Giken Ltd records loss, revises forecast due to J Steel settlement

Giken Ltd announced the recording of extraordinary losses and a revision to its full-year consolidated financial results forecast for the fiscal year ending August 31, 2025. The revision is due to a settlement with J Steel Group Pty Limited, a former consolidated subsidiary, regarding a construction contract dispute in Australia. As part of the settlement, Giken will record a litigation-related loss of AUD3 million and a provision of allowance for doubtful accounts of JPY511 million in the third quarter of the fiscal year.