JGC (1963) Q4 2025 earnings summary

Executive summary

• FY2024 new contracts totaled JPY 922.5 billion, driven by large-scale projects in Indonesia, Iraq, and UAE, with net sales rising 3.1% year-over-year to JPY 858 billion and net loss narrowing to JPY 0.3 billion from JPY 7.8 billion.

• Comprehensive income rebounded to JPY 13.88 billion from a loss of JPY 1.24 billion, supported by gains in securities and defined benefit plans.

• Order intake reached JPY 984.5 billion, with 86.5% from overseas, and outstanding contracts at fiscal year-end were JPY 1.4046 trillion.

• Annual dividend per share was maintained at JPY 40.

Financial highlights

• Net sales for FY2024 were JPY 858 billion, exceeding the revised Q3 forecast by JPY 28 billion, with gross profit up 77% to JPY 18.9 billion.

• Operating loss narrowed to JPY 11.4 billion from JPY 18.9 billion year-over-year; ordinary profit increased to JPY 11.3 billion from JPY 0.3 billion.

• Cash and cash equivalents ended at JPY 332.7 billion, up JPY 8.25 billion year-over-year.

• Equity ratio improved to 49.8% from 48.7% year-over-year; total assets stood at JPY 784.1 billion.

• Earnings per share improved to -1.65 yen from -32.48 yen year-over-year.

Outlook and guidance

• FY2025 orders forecast at JPY 650 billion, with revenue expected to decline 20% year-on-year to JPY 690 billion.

• Gross profit projected at JPY 52 billion (gross margin 7.5%); operating profit and net income forecast to return to positive at JPY 21 billion and JPY 15 billion, respectively.

• EPS forecast at 62.08 yen; annual dividend planned at minimum JPY 40 per share.

• Total engineering business revenue forecast to drop to JPY 628 billion, but segment profit expected to recover to JPY 20 billion.