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PS Construction, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 22%, Dividend Revised Upward by 22 Yen

Tue Nov 11, 2025 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 November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 18.5% from the same period last year, reaching 6.80 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 22.3%, from the previous forecast of 9.40 billion yen to 11.5 billion yen (compared to 12.2 billion yen in the previous period), and the declining rate is expected to decrease from 23.3% to 6.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 27.8% from the same period last year to 4.70 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 102 yen (compared to 72 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 35.6% from the same period last year, reaching 4.32 billion yen. The operating profit margin improved from 9.6% in the same period last year to 11.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 57,669 3,310 3,220 2,151 46.3 41.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 64,851 5,747 5,738 3,733 80.0 46.8 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 73,051 6,836 6,800 4,363 93.3 59.1 Nov 11, 2025 J-GAAP
YoY +12.6% +18.9% +18.5% +16.9% +16.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 40 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 73,051 6,836 6,800 4,363 93.3 40 Nov 11, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 142,000 9,500 9,400 6,200 132.4 80 May 13, 2025 J-GAAP
Mar, 2026 New 146,000 11,700 11,500 7,900 168.7 102 Nov 11, 2025 J-GAAP
Revision Rate +2.8% +23.2% +22.3% +27.4% +27.4%

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
Jul - Sep, 2024 33,186 3,193 3,187 2,153 46.1 9.6 Nov 7, 2024 J-GAAP
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
YoY +17.3% +36.4% +35.6% +36.0% +35.7%

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