Nittoc Construction Forecasts Recovery Despite Downturn

Nittoc Construction Co., Ltd. (JP:1929) has released an update.

Nittoc Construction Co., Ltd. has reported a decrease in consolidated financial results for the three-month period ending June 30, 2024, with net sales down by 13.2% and a loss in profit attributable to owners of the parent company. The company’s equity ratio remains stable at 62.8%, with total assets slightly decreasing. Despite the current downturn, Nittoc Construction forecasts a slight increase in net sales and a significant rise in operating profit for the full fiscal year ending March 31, 2025.

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