业绩强劲；项目积压工作正在完成；重申2024财年指引

Core Insights - JGC's Q1 2024 performance exceeded expectations with a net income of 12.4 billion yen, significantly higher than the anticipated 6 billion yen, driven by steady progress on large projects, effective cost management, and strong foreign exchange gains [1][2] - The company reaffirmed its FY2024 guidance for revenue, operating profit, and net income at 830 billion yen, 26 billion yen, and 23 billion yen respectively, while maintaining a dividend of 40 yen per share [1][2] - JGC's gross profit margin was reported at 8%, slightly below the long-term target of 10%, but still a positive sign given the disappointing performance in the previous two quarters [1][3] Financial Performance Summary - JGC's net income for Q1 2024 was 12.4 billion yen, compared to market consensus of 6 billion yen, reflecting a year-on-year increase of 21% [3] - The company's operating costs were 18.9 billion yen, leading to a gross profit of 16.6 billion yen, which is a 177% quarter-on-quarter increase [3] - The EBITDA for the quarter was reported at 17.6 billion yen, significantly higher than the market expectation of 5.4 billion yen, indicating strong operational performance [3] Order Guidance - JGC maintained its new order guidance for FY2024 at 970 billion yen, although new orders for the quarter were only 288.2 billion yen, representing 30% of the annual target [2]