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The latest announcement is out from Asanuma Corporation ( (JP:1852) ).
Asanuma Corporation has raised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, citing stronger-than-expected performance in both domestic operations and its overseas construction subsidiary. The company now expects net sales of ¥174.6 billion, operating profit of ¥7.55 billion, ordinary profit of ¥7.37 billion, and profit attributable to owners of parent of ¥5.0 billion, representing increases of 2.5% to 8.1% over its previous guidance and modest growth versus the prior fiscal year.
Management attributes the upward revision to steady progress in Japan and favorable execution of construction projects at Evergreen Engineering & Construction Pte. Ltd., which have lifted net sales and improved gross margins. The upgraded outlook signals a strengthening earnings trajectory for Asanuma’s construction portfolio and suggests improved profitability for shareholders, despite the usual caution that actual results may differ from current forecasts.
The most recent analyst rating on (JP:1852) stock is a Buy with a Yen1294.00 price target. To see the full list of analyst forecasts on Asanuma Corporation stock, see the JP:1852 Stock Forecast page.
More about Asanuma Corporation
Asanuma Corporation is a Japan-based construction company listed on the Prime Market of the Tokyo Stock Exchange under code 1852. The group operates domestically and overseas, including through its subsidiary Evergreen Engineering & Construction Pte. Ltd., focusing on building and engineering projects in its core construction business.
Average Trading Volume: 392,101
Technical Sentiment Signal: Buy
Current Market Cap: Yen92.9B
For a thorough assessment of 1852 stock, go to TipRanks’ Stock Analysis page.