PCI Holdings (3918) Q1 2026 earnings summary

Executive summary

• Net sales reached 6,614 million yen, up 12.0% year-over-year, with operating profit at 334 million yen, up 194.1% year-over-year, reflecting strong recovery from the prior year’s low point.

• Ordinary profit increased 253.5% to 337 million yen, and profit attributable to owners surged 796.0% year-over-year to 258 million yen.

• Both revenue and profit are progressing smoothly toward the full-year forecast, with Q1 results achieving nearly half of the first-half plan.

• All business segments contributed to growth, with notable performance in the mobility sector, government projects, and ICT solutions.

Financial highlights

• Gross profit rose to 1,607 million yen (+19.0% YoY), with gross margin improving to 24.3% (+1.4p YoY).

• Operating profit margin increased to 5.1% (+3.2p YoY), and EBITDA doubled to 416 million yen (+113.6% YoY).

• Net profit attributable to owners was 258 million yen, up 796.0% year-over-year.

• Basic earnings per share for the quarter were 23.71 yen.

• Total assets as of June 30, 2025, were 15,565 million yen, with net assets of 9,428 million yen.

Outlook and guidance

• Q1 results represent 49.7% of the first-half net sales plan and 49.1% of the first-half operating profit plan, indicating strong progress toward the full-year targets of 28,200 million yen in sales and 2,100 million yen in operating profit.

• Profit attributable to owners of parent is projected at 1,250 million yen, with basic EPS of 126.21 yen for the full year.

• Dividend forecast for FY3/2026 is 44 yen per share, with a total payout ratio target of 50% or more, including flexible share buybacks.

• No revisions have been made to the previously announced forecasts.