TOKYO, May 11 (Pulse News Wire) – Chiyoda Corporation (6366.T) reported record profits for the fiscal year ended March 2026, driven by cost improvements at the Golden Path LNG project. Revenue exceeded initial forecasts, reaching ¥298.0 billion.
The company also plans to repay its preferred shares for the first time in June 2026. Despite geopolitical tensions, Chiyoda continues to focus on recovery efforts in Energy Kyoukyuu. For the fiscal year, operating profit surged to ¥821 million, up from ¥250.0 billion the previous year.
Net profit reached ¥847 million compared to ¥270 million last year. Looking ahead, Chiyoda expects net income of ¥120 million for the next fiscal year amid uncertainties in the economic environment. Chiyoda's backlog stood at ¥2,980 billion as of March 2026, with major projects including the Golden Path LNG facility in the United States and large-scale manufacturing facilities in Qatar and the Middle East.
The company remains committed to domestic LNG infrastructure development and advanced materials production equipment.
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