Toyo Engineering Reports Discrepancies in Financial Results Due to Project Delays

An update from Toyo Engineering Corporation ( (JP:6330) ) is now available.

Toyo Engineering Corporation announced discrepancies between its financial forecast and actual results for the fiscal year ending March 31, 2025. The company faced challenges in its projects in Brazil and Japan, leading to increased expenses and lower profits than anticipated. Despite some profit gains in other international projects, these were insufficient to offset the losses. Consequently, the operating and ordinary profits fell short of expectations, and the after-tax profit attributable to owners also declined. However, Toyo plans to maintain its year-end dividend payout unchanged, reflecting confidence in its liquidity and future outlook.

More about Toyo Engineering Corporation

Toyo Engineering Corporation operates in the engineering and construction industry, focusing on providing comprehensive engineering services for various sectors, including power generation and pharmaceuticals. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its involvement in large-scale infrastructure projects globally.

Average Trading Volume: 201,224

Technical Sentiment Signal: Sell

Current Market Cap: Yen39.38B

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