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YAHAGI CONSTRUCTION shares extend gains in afternoon session on upward earnings revision and increased dividend
YAHAGI CONSTRUCTION CO.,LTD. <1870> extended its gains in the afternoon session. At 2:00 p.m. on the 24th, the company announced that its consolidated net profit for the fiscal year ending March 2026 appears to have reached 8,400 million yen (up 48.9% year-on-year), exceeding the previous forecast by 1,400 million yen. The company also revised its year-end dividend forecast upward by 10 yen to 55 yen, which was well received by the market. In the construction business, additional and change contracts associated with price increases progressed, particularly for projects in the final stages. In the civil engineering business, increases in contract amounts due to design change negotiations and cost reductions also pushed up profits. Revenue appears to have landed in line with the plan. The full-year dividend for the previous fiscal year is expected to be 100 yen (an increase of 20 yen from the previous year).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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