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Tokyu Construction Co., Ltd. ( (JP:1720) ) has provided an update.
Tokyu Construction Co., Ltd. has revised its earnings forecast for the fiscal year ending March 2025, noting a decrease in expected net sales due to delays in project orders, particularly in overseas and domestic construction sectors. Despite this, the company anticipates higher profitability owing to increased gross profit margins from construction contracts and real estate sales, offsetting some foreign exchange losses. The dividend forecast remains unchanged, maintaining a focus on shareholder returns.
More about Tokyu Construction Co., Ltd.
Tokyu Construction Co., Ltd. operates in the construction industry, providing both domestic and international civil engineering services, as well as building construction projects. The company focuses on enhancing profitability through strategic project management and expanding its real estate business.
YTD Price Performance: 5.27%
Average Trading Volume: 252,625
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen79.46B
See more insights into 1720 stock on TipRanks’ Stock Analysis page.