Chiyoda (6366) Q3 2026 earnings summary

Executive summary

• Income and profit rose significantly year-over-year, driven by improved profitability from the amended EPC contract on the Golden Pass LNG project and major EPC project progress in LNG and refinery sectors.

• Full-year consolidated earnings forecast was revised upward as of January 28, 2026.

• New capital policy aims for full redemption of Class A Preferred Shares during the 'Business Plan 2025' period.

• New orders surged 71.7% year-over-year, with significant wins in the Middle East and domestic advanced materials and pharmaceutical projects.

Financial highlights

• Revenue for FY2025 3Q was ¥388.2B, up ¥42.1B or 12.2% year-over-year; operating income reached ¥77.7B, up 292.1% year-over-year.

• Net profit attributable to owners was ¥78.2B, up 273.9% year-over-year.

• Gross profit surged to ¥91.1B (23.5% margin), up from ¥32.8B (9.5% margin) year-over-year.

• Full-year revenue forecast is ¥490.0B (+7.2% YoY), with 3Q progress at 79%.

• Net income per share for the nine months was ¥295.57, with a full-year forecast of ¥300.61.

Outlook and guidance

• Full-year consolidated earnings forecast was revised upward on January 28, 2026, with operating income forecast at ¥81.0B (+231.7%) and profit attributable to owners at ¥80.0B (+196.4%).

• Progress toward full-year order target reached 98%, with continued efforts to secure additional orders.

• No forecast for year-end dividends for FY ending March 31, 2026 at this time.