|
contents | business | |||||||||
| Chiyoda announces FY 2007 third-quarter financial results Chiyoda Corporation, Japan's leading engineering and construction firm, reported consolidated financial results for the first nine months of the current fiscal year ending March 31, 2007. New contracts on a consolidated basis were 485,246 million yen, a 35.4% decrease compared with the same period of the previous year, bringing the backlog of contracts to 1,129,744 million yen. Revenues increased 29.2% to 334,417 million yen, operating income was up 49.7% to 21,038 million yen, and ordinary income rose 69.2% to 26,485 million yen. Net income decreased 0.4% to 16,802 million yen, or 87.41 yen per share. Chiyoda has revised its performance forecast for the fiscal year ending March 31, 2007, replacing the forecast announced on November 13, 2006. Chiyoda has increased its forecast for new contracts by 32.5% to 530,000 million yen. With the change to an assumed exchange rate of 120 yen to the U.S. dollar, resulting in a weaker yen than the assumption of the previous forecast (110 yen = US$1), and higher-than-projected orders, the forecast for revenues has been revised upward by 9.5% to 460,000 million yen. The operating income forecast has been increased by 8.0% to 27,000 million yen on the increase in revenues. The forecasts for ordinary income and net income have been revised upward by 21.4% to 34,000 million yen and by 27.3% to 21,000 million yen, respectively, due to the increase in revenues as well as higher interest income reflecting an increase in jointly controlled assets of joint venture. write your comments about the article :: © 2007 Construction News :: home page |