IHI's (TYO:7013) profit attributable to owners of its parent company fell 38% to 11.6 billion yen for the fiscal first quarter from 18.6 billion yen a year earlier.

The engineering company's earnings per share (EPS) fell to 76.63 yen from 122.77 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Net sales slipped 3.0% to 337.8 billion yen for the three months ended June 30 from 348.2 billion yen in the year-ago corresponding period.

For the fiscal year ending March 31, 2026, the company expects attributable profit of 120 billion yen, basic EPS of 112.85 yen, and revenue of 1.650 trillion yen.

The company expects to pay interim and year-end dividends of 70.00 yen and 10.00 yen per share, respectively, for the current fiscal year.

Without the 7-to-1 stock split, effective Oct. 1, the forecasted dividends would have been 70.00 yen per share, each, for the full year.