Kajima Corporation reports 53% surge in Q1 profit

Kajima Corporation reported net profit attributable to owners surged 52.1% to 26.5 billion yen in the first quarter, while operating profit rose 48.7% to 37.6 billion yen.

Revenue increased a modest 5.9% to 649.6 billion yen. Total assets decreased by 184.5 billion yen primarily due to lower receivables and cash deposits, though the self-capital ratio improved to 37.7%.