Japan · Delayed Price · Currency is JPY IHI Corporation Earnings Call Transcripts
Fiscal Year 2026
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Orders and net income reached record highs, driven by nuclear energy and defense demand, while revenue and operating profit declined year-over-year due to project timing and business transfers. Upward guidance reflects strong civil aero engine and defense performance.
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Orders surged on strong demand in carbon solutions and aero engines, but revenue and profits fell year-over-year due to project timing and yen appreciation. Full-year guidance is unchanged amid tariff and economic uncertainties, with ongoing business reforms and a planned 1:7 stock split.
Fiscal Year 2025
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Q3 FY2024 saw strong revenue and operating profit growth, led by robust civil aero engine spare parts sales and cost improvements. Financial soundness improved, and the full-year net profit forecast was raised, with positive cash flow and margin outlooks.
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Revenue, operating profit, and orders received all rose year-over-year, led by strong civil aero engine and power plant project performance. Full-year guidance is unchanged, with risks from FX volatility and the PW1100G inspection program.