Chiyoda corporation raises earnings forecast on strong project execution

Chiyoda Corporation announced a significant upward revision to its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026. The company now anticipates net sales of JPY 385,000m, operating profit of JPY 19,500m, ordinary profit of JPY 26,500m, and net profit attributable to parent company shareholders of JPY 22,500m (JPY 78.72 per share). This revision reflects steady progress on multiple domestic and international projects, enhanced profitability upon project completion, and improved capital efficiency.

A key factor in the improved outlook is the Golden Pass LNG project in the U.S., where the company's joint venture is in the final stages of contract amendment for Series 2 and 3 EPC, with a basic agreement reached in June 2025 regarding cost responsibility. Additionally, the company is actively executing construction work for the Qatar North Field East LNG export base project, and domestic EPC projects in advanced materials and pharmaceuticals are progressing well.

During the second quarter of fiscal year 2025, Chiyoda reported net sales of JPY 194,729m, operating profit of JPY 15,615m, and net profit of JPY 17,580m, demonstrating robust financial performance that led to a recovery in its equity ratio to 10.0%. New orders totaled JPY 160,100m, including significant contracts in the Middle East for oil and petrochemical projects, bringing the outstanding order backlog to JPY 697,745m.