東急建設 revised its current-year ordinary profit forecast upward from the previous forecast, resulting in an outlook for approximately 4% profit growth. The company is expected to exceed its initial plan and has also raised its second-half profit plan to approximately ¥12.4 billion.
東急建設 announced its results after the close of trading on 9 November, reporting consolidated ordinary profit of ¥5.81 billion for the cumulative second quarter (April-September) of the fiscal year ending March 2027, up 4.6% year on year.
The company revised its full-year ordinary profit forecast upward from the previous forecast of ¥16.8 billion to ¥18.3 billion, resulting in an outlook for 4.3% growth on a full-year basis.
Based on first-half results and the full-year plan, consolidated ordinary profit for the second half is calculated to rise 4.1% year on year to ¥12.4 billion.
Consolidated ordinary profit for the July-September quarter, the most recent three-month period, declined 8.5% year on year to ¥2.97 billion, while the operating margin on revenue was broadly flat at 3.8% to 4.0%.