Progress Technologies Group <339A> shares plunged. The company provides consulting services for digital technology implementation to major manufacturers. In its consolidated financial results for the fiscal year ended February 2026 announced after the close of trading on the 14th, sales reached 6,314 million yen (up 11.8% year-on-year) and operating profit totaled 1,784 million yen (up 95.1% year-on-year). Strong corporate appetite for investment continued to provide a tailwind.

For the fiscal year ending February 2027, the company projects sales of 6,904 million yen (up 9.3% year-on-year) and operating profit of 1,614 million yen (down 9.5% year-on-year). The dividend forecast was set at 30 yen (unchanged from the previous year). The guidance for a decline in profits, reversing from record earnings in the previous fiscal year, has been viewed negatively, prompting selling pressure.

Progress Technologies Group <339A> shares plunged. The company provides consulting services for digital technology implementation to major manufacturers. In its consolidated financial results for the fiscal year ended February 2026, sales reached 6,314 million yen (up 11.8% year-on-year) and operating profit totaled 1,784 million yen (up 95.1% year-on-year). Strong corporate appetite for investment continued to provide a tailwind.

For the fiscal year ending February 2027, the company anticipates sales of 6,904 million yen (up 9.3% year-on-year) and operating profit of 1,614 million yen (down 9.5% year-on-year). The dividend forecast was set at 30 yen (unchanged from the previous year). Guidance for lower profits, following record earnings, triggered selling pressure.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.