JGC Holdings Corporation (JGCCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Taguchi of Finance Unit. I present the outline of financial results. Please see page 4. This is a highlight of FY 2024. With a large-scale contract in Indonesia, which was announced in December, posted in Q4, New contracts in FY 2024 were ¥922.5 billion. The final loss contracted to ¥0.3 billion due to additional gross profit from the completion of several domestic projects as well as higher investment income from equity method affiliates. Annual dividend per share remained unchanged at ¥40. Update on issues following the downward revision in Q3 is described here. In Taiwan LNG Terminal, we revised the budget due to the delayed handover of part of construction sites, but the handover progressed later. In Saudi Arabia, response to a financially distressed subcontractor is ongoing. In LNG Canada, additional construction workers for completion are being mobilized in line with the plan. Expenses for the lower operating level were within the forecast and had no additional impact. Please see page 5 for Consolidated Income Statement. I'll explain in comparison with a forecast that was revised in Q3. Net sales were 858 billion yen, up 28 billion yen from the forecast. In the total engineering business, we achieved greater progress than our expectations on large project. Gross profit was 18.9 billion yen, up 1.9 billion yen from the forecast, due to the profit upon completion of domestic project in total engineering business. Operating loss improved 2.6 billion yen from 14 billion yen in the forecast to 11.4 billion yen. Ordinary profit was 11.3 billion yen, up 5.3 billion yen from the forecast due to an increase in investment income from equity method affiliate and interest income in addition to the increased operating profit. Loss attributable to owners or parent improv...