JGC (1963) Q1 2026 earnings summary

Executive summary

• Achieved first LNG shipment from Canadian project; steady progress on major overseas projects.

• Net sales for 1Q FY2026 were ¥189.8 billion, down 7% year-over-year; operating profit was ¥7.9 billion, down 2.5%.

• Ordinary profit dropped 47.8% to ¥9.2 billion; profit attributable to owners fell 54.8% to ¥5.6 billion.

• Comprehensive income turned negative at ¥-1.3 billion, compared to ¥20.2 billion in the prior year quarter.

• Performance aligns with full-year forecasts; active new order intake, especially in early-phase work.

Financial highlights

• Gross profit for 1Q FY2026 was ¥15.4 billion, nearly flat year-over-year.

• EPS for 1Q FY2026 was ¥23.17, down from ¥51.28 in the same quarter last year.

• Total assets decreased to ¥738.7 billion from ¥784.2 billion at the previous fiscal year-end.

• Equity ratio improved to 51.4% from 49.8% as of March 31, 2025.

• Operating profit declined 3% to ¥7.8B; ordinary profit fell 48% to ¥9.2B.

Outlook and guidance

• Full-year FY2026 net sales forecast at ¥690.0 billion, up 19.6% year-over-year.

• Operating profit projected at ¥21.0 billion and profit attributable to owners of parent at ¥15.0 billion.

• Full-year EPS forecast is ¥62.08; annual dividend forecast maintained at ¥40.00 per share.

• 1Q progress rates: net sales 28%, operating profit 37%, ordinary profit 42%.