TAKADAKIKO(Steel Construction)CO.,LTD. [5923.T]
TOKYO, May 15 (Pulse News Wire) – Takadakiko(steel Construction)co.,ltd. (5923.T) announced adjustments to its mid-term business plan targets for the fiscal years ending March 2025 through March 2027.
The revisions were approved during a board meeting held. The revised targets include a significant reduction in projected sales and operating profit. Sales are now forecasted at ¥15.754 billion compared to the previous target of ¥20.5 billion. Operating profit is expected to drop to ¥5 million from the initial goal of ¥1 billion.
Specific changes show bridge construction sales decreasing from ¥14.5 billion to ¥11.295 billion, while steel structure sales are adjusted from ¥6 billion to ¥4.300 billion. The company cited external environmental shifts as the reason for the revision, noting a substantial gap between planned and actual performance in the bridge construction sector. Despite this setback, Takadakiko remains committed to long-term growth, unveiling a vision for 2035 aimed at sustainable development. In addition to these adjustments, the company outlined plans for capital allocation, focusing on dividend payouts, talent investment, growth investments, and operational investments.
Dividends are set to maintain a payout ratio of more than 86%, ensuring stable returns for shareholders.
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