NIPPON RIETEC CO.,LTD. [1938.T]
TOKYO, May 12 (Pulse News Wire) – Nippon Rietec CO.,LTD. (1938.T) announced today that its board of directors held, revised the final-year targets of its mid-term business plan for fiscal years 2026 through 2028.
The revised plan includes an updated forecast for consolidated operating profit and return on equity (ROE) for the fiscal year ending March 2028. Initially set at undisclosed figures, the revised targets now project a consolidated revenue of ¥80 million and an unspecified consolidated operating profit figure for the final year. Additionally, the ROE target was adjusted from an initial unspecified percentage to a revised unspecified percentage. The adjustments reflect robust performance in the construction industry due to increased investment in infrastructure upgrades and digital transformation initiatives. Improved pricing negotiations, enhanced operational efficiency, and strong demand from key clients contributed to exceeding initial projections for the fiscal year ending March 2026. As a result, the company decided to raise its expectations for future profitability.
In addition to these changes, NIPPON RIETEC maintained its commitment to strategic goals such as safety management, compliance, and sustainable development. The company also reported progress on various key performance indicators (KPIs) outlined in its mid-term plan, including significant improvements in workforce productivity and environmental sustainability metrics. Notably, the firm’s efforts towards reducing carbon emissions saw a reduction of more than the targeted amount compared to 2022 levels. Furthermore, sales from environmentally beneficial projects exceeded the projected cumulative value over three years. However, the company noted that there had been no progress yet in reducing policy-held shares based on acquisition cost criteria within the planned timeframe. NIPPON RIETEC emphasized that while the revised targets represent higher aspirations, the underlying strategies and fundamental policies remain unchanged.
The company remains focused on achieving sustained growth and enhancing shareholder value.
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