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Updated · MarketWatch · May 8Tokyu Construction FY net profit rises to Y13.39 billion
6 articles · Updated · MarketWatch · May 8
- For the year ended 31 March, revenue climbed to Y341.18 billion from Y293.14 billion, while earnings per share increased to Y126.18 from Y62.72.
- Operating profit nearly doubled to Y16.31 billion from Y8.84 billion, and pretax profit rose to Y17.55 billion from Y9.70 billion.
- The Japanese builder reported the results under Japanese accounting standards, showing broad year-on-year improvement across sales and profitability.
As record profits mask a labor crisis, is Japan's construction boom built on a fragile foundation? Can Japan's shift to high-tech construction outpace its demographic decline as mega-projects reshape its cities?