ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Articles

Contractor Maeda seen building toward record net profit

TOKYO -- Japanese contractor Maeda likely will see net profit jump 18% to a record of just under 16 billion yen ($139 million) this fiscal year on a rush in construction orders and a strong showing by Maeda Road Construction and other subsidiaries.

     The company previously projected a 26% decrease for the year ending in March, but it was able to transfer high building costs to clients on strong demand for construction.

     Maeda also boosted the profitability of its construction business, which focuses on offices and factories. It streamlined the building process to shorten timelines and cut costs. The profit margin on completed construction projects likely will widen from just under 7% to about 8% this fiscal year.

     Sales are seen rising 4% to roughly 420 billion yen, likely topping the forecast for 390 billion yen due to progress in the company's large-scale projects such as building redevelopments in Tokyo.

     Maeda is expected to pay the same 9-yen dividends as last fiscal year, but could increase payments on a strong performance.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media