Okumura Corporation Reports Significant Increase in Net Sales, Faces Net Income Loss in Latest Fiscal Year Results

Okumura Corporation has released its financial results, revealing significant changes in various segments. The construction business reported actual net sales of ¥284.575 billion, a year-on-year increase of ¥16.235 billion from the previous fiscal year. Specifically, the architectural construction segment saw a rise in net sales to ¥185.551 billion, marking a YoY change of ¥20.365 billion. Conversely, the civil engineering segment experienced a decline, with net sales dropping to ¥99.024 billion, a decrease of ¥4.130 billion compared to the previous fiscal year. The investment development sector reported a drop in actual net sales to ¥13.647 billion, a decrease of ¥6.158 billion from the previous year. On the profitability front, Okumura Corporation encountered a loss before income taxes of ¥1.426 billion, a significant downturn of ¥19.598 billion YoY. The reported profit attributable to owners of the parent also declined to ¥2.722 billion, a decrease of ¥9.770 billion from the previous fiscal year. Looking ahead, the corporation forecasts an increase in net sales for the next fiscal year, anticipating ¥286 billion in the construction business, an increase of ¥1.424 billion. The civil engineering segment is expected to see growth with forecasted sales of ¥106 billion, up by ¥6.975 billion. However, the architectural construction segment is projected to experience a slight decline in sales, with an outlook of ¥180 billion, a decrease of ¥5.551 billion. The investment development forecast also shows a decline to ¥12.5 billion, down by ¥1.147 billion. In terms of profitability, the forecast for profit before income taxes is ¥15.7 billion, which indicates a potential recovery with an increase of ¥17.126 billion compared to the current fiscal year's results. Profit attributable to owners of the parent is projected to rise to ¥11.3 billion, an increase of ¥8.577 billion in the coming fiscal year.