Hibiya Engineering (TYO:1982) raised its forecast for its consolidated attributable profit for the fiscal year ended March 31, 2025 to 5.9 billion yen or 267.97 yen per share from 4.6 billion yen or 204.46 yen per share initially, mainly due to profit margin improvement.
The infrastructure company's consolidated net sales are expected to be lower at 89.7 billion yen from 91 billion yen previously, according to its filing on Monday.
Non-consolidated attributable profit is expected at 5.8 billion yen or 263.43 yen from 3.9 billion yen or 173.35 yen per share.
Non-consolidated net sales are now estimated at 80.3 billion yen from 81 billion yen.
Consolidated orders are expected to hit 93.6 billion yen, exceeding targets by 5.1 billion yen.
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