Tenox ＜1905＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 10th. Sales increased 10.3% from the previous fiscal year to 20.07 billion yen, operating profit decreased 20.2% to 520 million yen, ordinary profit decreased 19.7% to 557 million yen, and net income attributable to parent company shareholders decreased 19.6% to 388 million yen.

Sales in the construction business increased 10.3% from the same period last year to 19.706 billion yen, and segment profit decreased 19.9% from the same period last year to 506 million yen. Sales increased mainly due to the fact that factory-related construction continued to remain at a high level in ground improvement work, construction of logistics facilities, etc. grew, and pile construction related to infrastructure such as railways contributed to sales. Also, in terms of profit, construction profit declined due to a decrease in construction profit due to the fact that construction material prices remained high and labor costs increased, resulting in a decline in profit.

Sales of the general civil engineering and construction consulting business increased 10.9% from the same period to 477 million yen, and segment profit decreased 44.9% to 08 billion yen. Sales increased mainly due to an increase in revenue related to experiments and testing operations. Also, profit declined due to an increase in sales expenses and general and administrative expenses.

As for other businesses, sales increased 0.1% to 0.23 million yen, and segment profit decreased 1.9% to 06 billion yen due to leasing of real estate owned in Kawasaki City.

Regarding the consolidated earnings forecast for the full year ending 2025/3, we expect sales to increase 23.7% from the previous fiscal year to 25.00 billion yen, operating income to 890 million yen, up 70.8% from the same period, ordinary profit to 930 million yen, up 66.7% from the same period, and net income attributable to parent company shareholders to increase 67.5% to 650 million yen.