SUIDO KIKO KAISHA,LTD. [6403.T]
TOKYO, May 07 (Pulse News Wire) – Suido Kiko Kaisha,ltd. (6403.T) reported its fiscal year 2026 first quarter consolidated results, which showed significant differences compared to previously published forecasts.
The company’s operating profit increased by 27.8%, ordinary profit rose by 31%, and net income per share grew by 2.4%. In the quarter ending March 31, 2026, revenue reached ¥19.9 billion, surpassing the forecasted amount. Operating profit was ¥20 billion, up from ¥17 billion in the same period last year. The increase in revenue and operating profit was driven by higher construction progress and completion rates across various segments, particularly in plant construction and O&M services.
Additionally, the company recorded extraordinary gains from recoveries related to SKME, a partially-owned subsidiary. However, these gains were offset by impairment losses totaling ¥9 million due to additional goodwill recognized upon acquiring more shares of SKME. As a result, the overall impact on net income was less pronounced than anticipated. Suido Kiko attributed the improved performance primarily to enhanced project execution efficiency and robust demand in key markets.
Despite higher personnel costs associated with expanding operations, the company managed to maintain strong profitability.
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