Kajima Corporation ( (KAJMF) ) has released its Q3 earnings. Here is a breakdown of the information Kajima Corporation presented to its investors.
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Kajima Corporation, a leading construction and real estate development company headquartered in Japan, operates globally with a significant presence in civil engineering, building construction, and real estate sectors. With its diversified portfolio, the company is recognized for its innovative and large-scale infrastructure projects.
In its latest earnings report for the third quarter of fiscal year 2024, Kajima Corporation reported a slight increase in revenues compared to the same period last year. Despite the challenging market conditions, revenues rose to 2,026.39 billion yen, marking a year-on-year growth of 1.6%. However, the net income attributable to the owners of the parent saw a decrease of 2.7%, totaling 74.51 billion yen.
A key highlight from the financial report is the rise in revenues from construction projects, which increased by 1.8% to 1,778.42 billion yen. This growth was driven by the civil engineering segment, which saw a substantial increase in both domestic and overseas projects. However, the real estate and other segments experienced a decline in gross profit by 10.7%, affecting the overall performance.
Looking ahead, Kajima Corporation’s management remains cautiously optimistic. The company forecasts an increase in revenues and gross profits for the full fiscal year ending March 31, 2025, with expected revenues reaching 2,870 billion yen. Despite the anticipated challenges in the global construction market, Kajima aims to leverage its robust project portfolio and strategic expansions to drive growth in the coming year.
