JGC Holdings Corporation (JGCCF) Q4 2026 Earnings Call

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WEBVTT 00:00:01.533 -- 00:00:05.319 I'm Taguchi, General Manager in Charge of Finance and Investor Relations. 00:00:05.319 -- 00:00:08.304 I will present the outline of financial results. 00:00:08.304 -- 00:00:11.129 Please turn to page 3 for highlights. 00:00:11.129 -- 00:00:16.177 In the total engineering business, we strengthened project execution capabilities 00:00:16.177 -- 00:00:21.586 and overall profitability improved due to steady progress in large-scale EPC 00:00:21.586 -- 00:00:26.935 projects, both domestic and overseas. While certain projects continue to be challenging 00:00:26.935 -- 00:00:29.656 in the fourth quarter, 00:00:34.388 -- 00:00:39.705 Operating profit exceeded expectation, though the financial results reflected 00:00:39.705 -- 00:00:44.962 the potential risks of project cost increase arising from armed conflicts 00:00:44.962 -- 00:00:47.922 in the Middle East starting from February. 00:00:47.922 -- 00:00:52.671 In addition, the dollar-yen exchange rate at the end of the fiscal year settled in the 00:00:52.671 -- 00:00:54.234 159-yen 00:00:54.234 -- 00:00:59.504 range, significantly weaker than our forecast of 150-yen, and higher 00:00:59.504 -- 00:01:04.574 non-operating income, including foreign exchange gains, contributed to increased net 00:01:04.574 -- 00:01:10.051 profit exceeding our forecast. Regarding the dividends, we had previously 00:01:10.051 -- 00:01:15.177 forecasted a minimum dividend of 40 yen, but based on the increase in net profit, 00:01:15.177 -- 00:01:20.203 we applied a 30% payout ratio under our shareholder return policy and plan to 00:01:20.203 -- 00:01:25.209 increase the dividend by 12 yen to 52 yen per share. 00:01:25.209 -- 00:01:30.216 We plan to revise our dividend policy from FY2026, and I will explain 00:01:3...