Japan · Delayed Price · Currency is JPY JGC Holdings Earnings Call Transcripts
Fiscal Year 2025
-
FY 2024 saw strong new contracts and improved profitability, with net sales and gross profit exceeding forecasts. FY 2025 guidance anticipates lower revenue but a return to positive operating profit, supported by ongoing demand in LNG and functional materials.
-
Orders intake reached 80% of the annual target, but full-year earnings guidance was revised down due to project delays and cost overruns in Taiwan, Saudi Arabia, and Canada. Management changes were announced following consecutive downward revisions, while the Functional Materials segment showed improved performance.
-
Net sales and profits were flat year-on-year, with strong cash flow and stable equity. Delays in client investment decisions and cost inflation are impacting order timing, but major projects and new business initiatives are progressing as planned.