PCA Corporation cuts full-year forecast but maintains dividend

PCA Corporation announced a downward revision to its consolidated financial forecasts for the fiscal year ending March 31, 2026. Consolidated net sales are now projected at JPY 17,539 million, down from JPY 17,689 million. Operating profit is revised to JPY 2,543 million (from JPY 2,824 million), and profit attributable to owners of parent to JPY 1,649 million (from JPY 1,897 million). These revisions reflect a shortfall in new subscriptions for PCA Cloud and increased investments.

Despite the lowered profit forecasts, PCA Corporation will maintain its annual dividend forecast of JPY 95.00 per share for the fiscal year ending March 31, 2026. This aligns with its shareholder return policy aiming for a consolidated dividend payout ratio of approximately 100%. The company’s first-half consolidated results for fiscal year 2026 showed net sales of JPY 8,223 million and profit attributable to owners of parent of JPY 759 million.

Key performance indicators for the subscription model were also updated. Active subscriptions reached 39,202 at the end of Q2 FY2026, and Annual Recurring Revenue (ARR) was JPY 10,491 million. The churn rate remained stable at 0.25%, and ARPU was JPY 267,000. These figures were part of the semi-annual consolidated financial results for the first half of fiscal year 2026.