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PS Construction, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 12%, Exceeds Full-Year Plan
1871 PS Construction Co., Ltd. 【J-GAAP】
Earnings ReportPS Construction Co., Ltd. <1871> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 12.3% from the same period last year, reaching 12.2 billion yen. Progress toward the full-year plan of 11.5 billion yen is 106.7%, already exceeding the target and also exceeding the five-year average of 77.5%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.76 billion yen (compared to a profit of 1.32 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 5.4% from the same period last year, reaching 5.46 billion yen. However, the operating profit margin decreased from 13.6% in the same period last year to 13.4%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 90,016 | 5,247 | 5,158 | 3,446 | 74.1 | 66.6 | Feb 8, 2024 | J-GAAP |
| Apr - Dec, 2024 | 102,918 | 10,928 | 10,925 | 7,284 | 156.0 | 89.2 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 114,072 | 12,326 | 12,265 | 8,353 | 178.5 | 106.7 | Feb 6, 2026 | J-GAAP |
| YoY | +10.8% | +12.8% | +12.3% | +14.7% | +14.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 70,776 | 6,568 | 6,514 | 4,484 | 96.0 | 50 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 72,949 | 4,864 | 4,700 | 3,537 | 75.5 | 62 | Nov 11, 2025 | J-GAAP |
| YoY | +3.1% | -25.9% | -27.8% | -21.1% | -21.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 129,294 | 7,827 | 7,743 | 5,054 | 108.6 | 44 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 135,627 | 12,315 | 12,252 | 8,217 | 175.9 | 72 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 146,000 | 11,700 | 11,500 | 7,900 | 168.7 | 102 | Nov 11, 2025 | J-GAAP |
| YoY | +7.6% | -5.0% | -6.1% | -3.9% | -4.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 38,067 | 5,181 | 5,187 | 3,551 | 76.0 | 13.6 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 32,709 | 1,387 | 1,327 | 933 | 20.0 | 4.2 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 34,119 | 2,480 | 2,477 | 1,434 | 30.7 | 7.3 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 38,932 | 4,356 | 4,323 | 2,929 | 62.6 | 11.2 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 41,021 | 5,490 | 5,465 | 3,990 | 85.3 | 13.4 | Feb 6, 2026 | J-GAAP |
| YoY | +7.8% | +6.0% | +5.4% | +12.4% | +12.2% |
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