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PS Construction, 17% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Thu May 14, 2026 2:00 pm JST Earnings

1871 PS Construction Co., Ltd. 【J-GAAP】

Earnings Report

PS Construction Co., Ltd. <1871> [TSE Prime] announced its financial results in the afternoon session on May 14th (14:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 3.8% from the previous period to 12.7 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 16.6% from the previous period to 10.6 billion yen.

At the same time, the company increased the annual dividend for the previous term from 109 yen to 120 yen (compared to 72 yen in the prior term), and has decided to reduce the dividend this fiscal year to 101 yen, a decrease of 19 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 0.45 billion yen, a 65.9% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 1.7%.

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Actual Performance and Financial Trends

Historical Performance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj. Dividend Announce Accounting
Standards
Mar, 2024 		129,294M 7,827M 7,743M 5,054M 108.6 44 May 13, 2024 J-GAAP
Mar, 2025 		135,627M 12,315M 12,252M 8,217M 175.9 72 May 13, 2025 J-GAAP
Mar, 2026 		149,370M 12,932M 12,717M 9,328M 199.3 120 May 14, 2026 J-GAAP
YoY +10.1% +5.0% +3.8% +13.5% +13.3%
Full Year Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Mar, 2026 Guidance 148,200M 12,500M 12,400M 8,500M 181.6 109 Feb 27, 2026 J-GAAP
Mar, 2026 Results 149,370M 12,932M 12,717M 9,328M 199.3 120 May 14, 2026 J-GAAP
Revision Rate +0.8% +3.5% +2.6% +9.7% +9.8%

Current Period Guidance

First Half Results
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Apr - Sep, 2025 		73,051M 6,836M 6,800M 4,363M 93.3 40 Nov 11, 2025 J-GAAP
Guidance
Apr - Sep, 2026 		ー ー ー ー － 50.50 May 14, 2026 J-GAAP
YoY － － － － －
Current Period Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Mar, 2025 		135,627M 12,315M 12,252M 8,217M 175.9 72 May 13, 2025 J-GAAP
Mar, 2026 		149,370M 12,932M 12,717M 9,328M 199.3 120 May 14, 2026 J-GAAP
Guidance
Mar, 2027 		142,600M 10,800M 10,600M 7,800M 166.6 101 May 14, 2026 J-GAAP
YoY -4.5% -16.5% -16.6% -16.4% -16.4%

Quarterly Results

Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Operating
Profit Margin		 Announce Accounting
Standards
Jan - Mar, 2025 		32,709M 1,387M 1,327M 933M 20.0 4.2 May 13, 2025 J-GAAP
Apr - Jun, 2025 		34,119M 2,480M 2,477M 1,434M 30.7 7.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 		38,932M 4,356M 4,323M 2,929M 62.6 11.2 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 		41,021M 5,490M 5,465M 3,990M 85.3 13.4 Feb 6, 2026 J-GAAP
Jan - Mar, 2026 		35,298M 606M 452M 975M 20.8 1.7 May 14, 2026 J-GAAP
YoY +7.9% -56.3% -65.9% +4.5% +4.3%

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