PCI Holdings (3918) investor relations material

Executive summary

• Net sales for Q1 FY3/2027 were 6,538 million yen, down 1.1% year-over-year, with operating profit at 187 million yen, a 43.9% decline due to the absence of last year's high-margin large projects.

• Ordinary profit fell 50.7% to 166 million yen, and profit attributable to owners dropped 63.5% to 85 million yen.

• Comprehensive income decreased 66.2% to 77 million yen.

• Strategic investments continued in personnel and R&D despite profit decline.

Financial highlights

• Gross profit was 1,477.8 million yen, down from 1,607.6 million yen year-over-year; gross profit margin fell to 22.6%.

• Operating profit margin dropped to 2.9%, down 2.2 percentage points year-over-year.

• EBITDA was 271 million yen, down 34.8% year-over-year; EBITDA margin at 4.2%.

• Basic earnings per share for the quarter were 8.64 yen, compared to 23.71 yen in the prior year.

• Total assets as of June 30, 2026, were 14,727 million yen, with net assets at 9,456 million yen.

Outlook and guidance

• Full-year net sales forecast for FY3/27 is 26,268 million yen, up 2.1% year-over-year.

• Operating profit is projected to rise 16.0% to 1,808 million yen, and profit attributable to owners is expected to increase 11.5% to 1,260 million yen.

• Dividend forecast for FY3/27 is 58 yen per annum (interim: 20 yen, year-end: 38 yen), with a total payout ratio target of 50% or more.

• Flexible share buybacks and/or treasury stock cancellations are under consideration.