Shimizu Corporation revised its ordinary profit forecast for the current fiscal year upward by 21% and expects a record-high profit exceeding its previous forecast. It also announced plans to increase the dividend by ¥12 to ¥89.
Shimizu Corporation announced its results on 9 November, reporting consolidated ordinary profit of ¥121.7 billion for the cumulative second quarter of the fiscal year ending March 2027 (April-September), a 3.0-fold increase from the same period of the previous year.
The full-year ordinary profit forecast was revised upward by 20.7% from the previous forecast of ¥183.5 billion to ¥221.5 billion, exceeding the previous forecast and adding further to the record-high profit forecast. Ordinary profit for the second half of the current fiscal year is projected to increase 21.3% year on year to ¥99.7 billion.
Under its dividend policy, the annual dividend forecast was revised upward from ¥77 to ¥89. The interim dividend was increased to ¥38.50, and the forecast year-end dividend was also raised to the same amount, resulting in an annual dividend of ¥89.
In addition, ordinary profit for July-September (2Q) was ¥66.0 billion, while the operating margin improved sharply to 11.9%.