Taiyo Kisokogyo rebounds on 58% surge in Q1 operating profit
Taiyo Kisokogyo Co.,Ltd. <1758> shares rebounded after the company reported a sharp improvement in non-consolidated first-quarter earnings after the close on June 11.
For the February?April quarter, operating profit surged 57.9% year-on-year to 335 million yen, and net profit climbed 53.5% to 236 million yen, while net sales rose 0.6% to 3.891 billion yen. Performance was anchored by steady construction progress on a record opening order backlog of over 7 billion yen, further lifted by rigorous cost management and successful final settlement negotiations at project completion.
For the full year ending January 2027, Taiyo Kisokogyo maintained its guidance, forecasting net sales of 14.7 billion yen (up 1.3% year-on-year), operating profit of 588 million yen (up 6.7%) and net profit of 475 million yen (up 2.6%).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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