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In the previous fiscal year, the firm had reported a net loss of 2.2 billion yen (US$24.2 million).
The company's earnings are generally improving thanks to a withdrawal from unprofitable projects and lower costs for raw materials. But demand for concrete for use in condominiums has been weaker than expected in the fiscal second half, which started in October.
DC's overall sales are expected to decline 14 per cent to about 42 billion yen. Demand has generally slumped, even though the expansion of Tokyo's Haneda airport has been a boon. Sales of Hume pipes used in sewers and for other purposes have also been sluggish.
While concrete demand in Tokyo declined slightly, conditions are worse in other prefectures. For example, DC's orders in Kanagawa Prefecture plunged by about 40 per cent.
(Nikkei) rw
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