Kajima Raises Full-Year Contract Awards Forecast Amid Strong Project Pipeline
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Kajima Corporation has raised its full-year forecast for contract awards in its building construction business due to large-scale project acquisitions. The company aims to maintain a gross profit margin of at least 10% and plans to sell 13 properties in the U.S. logistics warehouse development business. Despite challenges in achieving its Medium-Term Business Plan target, Kajima expects significant income from real estate development and construction. Non-operating income in overseas real estate development declined but is expected to improve with future property sales.
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