Chiyoda Announces Revisions to Forecasts for Operating Results and Dividend; Steady Volume of New Contracts and Improvement in Margin Boost Sales and Earnings.

Publication: Business Wire

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COPYRIGHT 2005 Business Wire

YOKOHAMA, Japan -- Chiyoda Corporation (OTC:CHYCF), Japan's leading engineering and construction firm, today announced the following revisions to its forecasts for operating results and dividends for the fiscal year ending March 31, 2006 that were released on May 18, 2005 with its previous fiscal year earning announcement.

Chiyoda cited a weaker-than-expected yen to explain the revisions to the interim sales forecast. The higher earnings forecasts mainly reflect an improvement...

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