The Japanese construction company posted net profit of Y4.67 billion for the year ended 31 March, with earnings per share rising to Y127.43 from Y106.46.
Operating profit increased to Y6.42 billion from Y5.84 billion and pretax profit to Y6.28 billion from Y5.79 billion, despite revenue falling to Y95.26 billion from Y99.36 billion.
The results were prepared under Japanese accounting standards, showing improved profitability even as annual sales declined from the previous fiscal year.
Is this firm's profit boom a sign of Japan's corporate revival or a mirage fueled by a weakening yen?
With revenue falling, can this builder’s profit surge survive Mideast oil shocks and a severe domestic labor crisis?
Beyond the balance sheet, how is this company solving the industry’s critical labor and supply chain shortages?