Chiyoda Announces the Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2009.YOKOHAMA, Japan -- Chiyoda Corporation (TOKYO:6366)(ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :JP3528600004), Japan's leading engineering and construction firm, today reported consolidated financial results for the first three months of the current fiscal year ending March 31, 2009. New contracts on a consolidated basis were 46,273 million yen, a 28.4% decrease compared with the same period of the previous year, and the backlog of contracts decreased 38.1% to 620,382 million yen. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight decreased 18.5% to 114,347 million yen. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. decreased 81.4% to 1,353 million yen, ordinary income decreased 69.4% to 3,274 million yen and net income decreased 66.6% to 1,785 million yen. Net income per share was 7.50 yen. In overseas markets, plans for the construction of new plants around the world are being driven by growth in global energy demand. Chiyoda was awarded the Front-End Engineering Design (FEED) and execution planning work for the Barzan onshore gas project in Qatar. Capital investment by oil, power and gas companies in the domestic market has also been lively. Meanwhile, amid a serious worldwide shortage of skilled construction workers, Chiyoda continues to implement a high level of risk management including measures to counter rising costs and is making concerted efforts to execute ongoing projects properly including three large-scale liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ) plants in Qatar. Chiyoda is making no revision at this time to its interim and full-year consolidated financial results for the fiscal year ending March 31, 2009, or to the year-end dividend of 11 yen per share, announced on May 14, 2008. Forecasts continue to assume an exchange rate of 100 yen to the U.S. dollar. Chiyoda Corporation, headquartered in Yokohama, Japan, provides services in the field of engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. (EPC (1) (Entertainment PC) See HTPC.(2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). ), particularly in Gas Value Chain areas, for gas processing, oil refineries and other hydrocarbon processing and industrial plant projects on a global basis including the Middle East, Russia, South East Asian, Africa and Oceania regions. For 60 years, Chiyoda has constantly leveraged its extensive experience and a far-reaching global network to give it an unrivaled advantage. |
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