JGC Holdings Corporation raised its ordinary profit forecast for the current fiscal year from ¥46,000 million to ¥57,000 million. Along with the revision, it released its cumulative second-quarter results and outlook for the remainder of the year.
JGC Holdings Corporation announced its results after the close of trading on 11 November, reporting consolidated ordinary profit of ¥35.7 billion for the cumulative second quarter of the fiscal year ending March 2027, up 69.2% year on year. It also raised its full-year ordinary profit forecast by 23.9%, from the previous forecast of ¥46.0 billion to ¥57.0 billion. The projected decline has narrowed to 2.0% year on year, from a substantial decline previously expected.
Based on first-half results and the outlook for the second half, consolidated ordinary profit for October-March was estimated at ¥21.2 billion, down 42.7% year on year. Ordinary profit for the latest three-month period, July-September, was ¥14.3 billion, up 20.5% year on year, while the operating margin on sales improved from 4.1% to 6.7%.
Following the revision to the earnings forecast for the current fiscal year, the new fiscal-year forecasts are sales of ¥670,000 million, ordinary profit of ¥57,000 million, net income of ¥50,000 million and revised EPS of ¥206.6. This represents an upward revision of ¥8,,900 million from the previous ordinary profit forecast of ¥46,000 million.
The quarterly figures based on the latest cumulative second-quarter results were sales of ¥406,708 million, ordinary profit of ¥19,356 million, net income of ¥12,772 million and revised EPS of ¥52.9 for the April-September 2024 period.