Toyo Construction Co., Ltd. (JP:1890) has released an update.
Toyo Construction Co., Ltd. has revised its full-year financial forecast, anticipating a decrease in net sales by 8 billion yen due to lower-than-expected domestic civil engineering orders and disruptions from a typhoon in the Philippines. Despite these challenges, the company expects profitability improvements through strategic cost reductions and efficient project management. Additionally, Toyo Construction forecasts a significant increase in order receipts for domestic architecture projects.
For further insights into JP:1890 stock, check out TipRanks’ Stock Analysis page.
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