NOVAC fiscal April 2026 results exceed guidance
NOVAC CO.,LTD. <5079> announced after Tuesday's close that its consolidated financial results for the fiscal year ended April 2026, currently being compiled, are expected to outpace its previous guidance. Sales are projected to reach 35.36 billion yen, up 28.50% year-on-year, from the previous forecast of 34.00 billion yen. Operating profit is expected to surge 2.2-fold to 1.88 billion yen from 1.35 billion yen, while net profit is projected to climb 2.1-fold to 1.18 billion yen from 870.00 million yen.
Revenue was boosted by increases from additional and change orders, as well as higher construction volume driven by steady progress on projects in hand. NOVAC also benefited from better-than-expected profitability, achieved through selective order acceptance and price pass-through in response to persistently high or rising construction costs, alongside cost-reduction efforts.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
-
BOJ FX rates at 5 p.m.: dollar weakens to 160.19-20 yen
Tue Jun 9, 2026 5:50 pm JST Currency -
Hong Kong's Hang Seng Index closes at 24,565.90 on the 9th (-91.16)
Tue Jun 9, 2026 5:27 pm JST Market -
Tokyo stocks close sharply higher, up 1,392 points on semiconductor-led buying
Tue Jun 9, 2026 4:22 pm JST Market -
Asukanet Company forecasts double-digit operating profit growth for April 2027 fiscal year
Tue Jun 9, 2026 5:12 pm JST Catalyst -
GreenEnergy & Company plans 22% operating profit increase for fiscal year ending April 2027, accelerating grid-scale battery storage development
Tue Jun 9, 2026 5:04 pm JST Catalyst -
Shanghai Composite Index closes at 4,010.0307 on the 9th, up 50.6929 points
Tue Jun 9, 2026 4:43 pm JST Market -
ASTERIA to record investment securities sale gain in Q1 FY March 2027
Tue Jun 9, 2026 4:34 pm JST Catalyst -
BESTERRA reports 2.6x operating profit increase for Feb-Apr, driven by large-scale projects ahead of schedule
Tue Jun 9, 2026 4:20 pm JST Catalyst -
June Japan and U.S. central bank meetings draw attention, but markets look to 'what comes next'
Tue Jun 9, 2026 12:55 pm JST Market -
DM Solutions announces 2-for-1 stock split with record date of June 30
Tue Jun 9, 2026 4:06 pm JST Catalyst