Kajima Kensetsu KK

Latest Results (19.12.2024):

Financial Overview

In the first quarter of FY2024, Kajima Kensetsu KK reported a 5.1% year-over-year increase in consolidated revenues, reaching 613.2 billion yen. This growth was primarily driven by a rise in overseas revenues and income. However, the consolidated net income saw a decrease due to a reduction in non-operating profit from the overseas real estate development business.

Operating Income

Kajima Kensetsu KK's operating income for FY2024 Q1 increased by 1.5% year-over-year, amounting to 25.2 billion yen. This increase was mainly attributed to higher income from overseas subsidiaries and affiliates, which benefited from strong performance in the construction business and increased sales of real estate in the U.S.

Domestic and Overseas Demand

During FY2024 Q1, Kajima Kensetsu KK experienced strong construction demand both domestically and overseas. In Japan, the company received multiple orders for large-scale projects in sectors such as infrastructure and redevelopment. Overseas, significant construction project orders were secured in regions including the U.S., Asia, and Oceania.

Segment Performance

In the civil engineering segment, Kajima Kensetsu KK saw an increase in revenues due to steady progress on large construction projects. Although contract awards declined year-over-year, the company is on track to meet its full-year forecast. The building construction segment experienced a decline in revenues due to more projects being in the initial stages compared to the previous year.

Outlook

Kajima Kensetsu KK has maintained its full-year revenue and income forecast for FY2024, with expectations of achieving the targets through continued strong performance in overseas subsidiaries and affiliates. The company anticipates increased revenues and income towards the end of the fiscal year, driven by planned property sales in various business regions.