IHI increased consolidated net profit for the fiscal year ending March 2027 by 52% year on year to ¥84.9 billion and raised its full-year forecast to ¥185 billion. Annual dividends will also be increased to ¥25.
IHI announced its earnings during afternoon trading on 4 November, reporting a substantial year-on-year increase in cumulative quarterly consolidated net profit. Net profit through the second quarter was ¥84.9 billion, marking a significant improvement in first-half earnings.
The full-year outlook was revised upward from the previous forecast of ¥172 billion to ¥185 billion, while the projected growth rate was raised from 6.8% to 14.9%. This further increases the previous forecast for record-high profit for the third consecutive fiscal year.
For the second half, consolidated net profit for October-March is expected to be ¥100 billion, down 4.8% year on year. In the latest three-month period, net profit for July-September was ¥31.4 billion, down 29.0% year on year.
For dividends, the full-year dividend for the current fiscal year was revised upward from the previous plan of ¥23 to ¥25. Despite the weak results for July-September, the company indicated that it intends to maintain shareholder returns.