Source disclosure: January 28, 2026
Chiyoda Corporation [6366.T]
TOKYO, Jan 28 (Pulse News Wire) -- Chiyoda Corporation (6366.T), led by President Koichi Ota, has revised its fiscal year 2026 third quarter consolidated earnings forecast and dividend expectations based on recent performance trends. The company announced these changes today, providing detailed figures that reflect significant improvements over previously stated projections.
The updated forecast shows a substantial increase in key metrics compared to the initial estimates released on November 5, 2025. For the period ending March 31, 2026, the new projected sales revenue is ¥490 billion, up from the previous estimate of ¥385 billion. Operating income is now expected to be ¥81 billion, marking a more than threefold increase from the earlier projection of ¥19.5 billion. Similarly, ordinary income is anticipated to reach ¥88 billion, a sharp rise from ¥26.5 billion, while net profit attributable to shareholders is estimated at ¥80 billion, significantly higher than the prior forecast of ¥22.5 billion.
These revisions stem primarily from the completion of an amended Engineering, Procurement, and Construction (EPC) contract for the Golden Pass LNG project in the United States. As disclosed on November 18, 2025, Chiyoda International Corporation, a subsidiary of Chiyoda Corporation, finalized this agreement with McDermott LLC as part of their joint venture. This development, along with favorable progress on other ongoing projects both domestically and internationally, contributed to the upward revision of the company's forecasts. Additionally, adjustments were made to account for previously recognized additional costs and foreign exchange rate impacts.
Regarding dividends, Chiyoda Corporation has decided to suspend regular share dividends for the current fiscal year due to planned modifications to its A-type preferred shares held by Mitsubishi Corporation. Under the terms agreed upon, all distributable profits will be used towards repaying these preferred shares until June 2028 when the entire issue is scheduled to be redeemed. Following this redemption process, the company aims to resume paying dividends to common shareholders.
Chiyoda Corporation emphasizes that these forward-looking statements are subject to various assumptions and uncertainties which may cause actual results to differ materially from those currently anticipated. Investors are advised not to rely solely on these projections for decision-making purposes.
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