Shimizu Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
February 08, 2024 at 09:30 am IST
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Shimizu Corporation revised consolidated and non-consolidated earning guidance for the fiscal year ending March 31, 2024. The company provided Consolidated revised net sales guidance of JPY 1,980,000 million against previous guidance of JPY 1,945,000 million. Operating loss of JPY 33,000 million against previous guidance of operating income of JPY 57,500 million. Net Income attributable to shareholders of the Corporation of JPY 10,000 million against previous guidance of JPY 50,000 million. Net Income per share of JPY 13.72 against previous guidance of JPY 68.21.
The company provided Nonconsolidated revised net sales guidance of JPY 1,530,000 million against previous guidance of JPY 1,530,000 million. Operating loss of JPY 57,500 million against previous guidance of operating income of JPY 31,000 million. Net Income attributable to shareholders of the Corporation of JPY 5,000 million against previous guidance of JPY 44,000 million. Net Income per share of JPY 6.86 against previous guidance of JPY 60.03.
Shimizu Corporation is one of the Japanese largest building and civil engineering works groups. Net sales break down by activity as follows:
- subcontracting construction services (89.4%): construction of buildings (housings, offices, manufactures, schools, medical centers, shopping centers, warehouses, hospitals, hotels, etc.), construction of transport and civil engineering infrastructures (roads, highways, railways, bridges, dams, etc.);
- other (10.6%): real estate development, leasing and sale of building materials equipments, financial services, etc.