Chiyoda Corp ( (CHYCF) ) has released its Q1 earnings. Here is a breakdown of the information Chiyoda Corp presented to its investors.
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Chiyoda Corporation is a global engineering company specializing in the execution of Engineering, Procurement, and Construction (EPC) projects primarily in the LNG, refinery, and petrochemical sectors. The company is listed on the Tokyo Stock Exchange and is known for its extensive experience in managing large-scale projects worldwide.
In its latest earnings report for the three months ending June 30, 2025, Chiyoda Corporation reported a decline in net sales by 22.7% year-on-year, totaling JPY 90,457 million. However, the company saw a significant increase in profit attributable to owners of the parent, which rose by 58.6% compared to the same period last year, reaching JPY 6,372 million.
Key financial highlights include a decrease in operating income by 20.3% year-on-year, amounting to JPY 5,109 million, and an improvement in ordinary income by 28.3% to JPY 7,035 million. The company also reported a substantial increase in new orders, which rose by 449.3% year-on-year, driven by significant EPC project awards in the Middle East and domestic projects in advanced materials and pharmaceutical facilities.
Despite the decrease in net sales, Chiyoda Corporation’s financial position improved, with total assets decreasing slightly to JPY 433,103 million and net assets increasing to JPY 31,696 million. The equity ratio also improved to 6.9% from 5.1% at the end of the previous fiscal year.
Looking ahead, Chiyoda Corporation remains committed to executing its ongoing projects and securing new orders, while maintaining stringent risk management practices. The company’s management has not revised its financial forecasts for the fiscal year ending March 31, 2026, indicating a cautious yet optimistic outlook for the remainder of the year.