PS Construction posts strong Q2 performance, hikes full-year dividend

PS Construction reported robust performance for the second quarter of the fiscal year ending March 2026, with net sales reaching JPY 73,051 million, a 12.6% increase year-on-year. Gross profit rose 16.4% to JPY 12,209 million, primarily driven by design changes and cost improvements in civil engineering projects. Operating profit saw a 19.0% increase to JPY 6,836 million, while ordinary profit climbed 18.5% to JPY 6,800 million. Net income attributable to shareholders increased 16.9% to JPY 4,363 million.

Looking ahead to the full fiscal year ending March 2026, the company forecasts net sales of JPY 146,000 million and ordinary profit of JPY 11,500 million. The projected annual dividend per share is JPY 102, with an interim dividend of JPY 40 and a year-end dividend of JPY 62, representing a JPY 22 increase from the initial plan of JPY 80.

Civil engineering projects saw an increase in net sales to JPY 36,575 million (+12.2%), while building construction net sales grew to JPY 31,780 million (+25.8%). The company maintains a high level of orders on hand, totaling JPY 186.5 billion, comprising JPY 125.6 billion in civil engineering and JPY 60.9 billion in building construction, ensuring stable progress in its projects.