PS Construction Co., Ltd.
1871・Prime Market・Construction
Civil Engineering Business
Civil engineering construction contracting centered on PC technology is the core business, accounting for approximately 58% of group sales and making it the largest segment
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (FY2026 (ending March 2026) full year) | Not stated (PDF covers only CF correction) | ¥79,580 million (FY2025 (ended March 2025) full year) | — |
| Segment profit (gross profit, FY2026 (ending March 2026) full year) | Not stated (PDF covers only CF correction) | ¥16,750 million (FY2025 (ended March 2025) full year) | — |
| Segment sales (FY2026 (ending March 2026) cumulative Q3) | ¥58,624 million | — | — |
| Segment profit (FY2026 (ending March 2026) cumulative Q3) | ¥12,151 million | — | — |
| Orders received (FY2026 (ending March 2026) cumulative Q3) | ¥67,989 million | — | — |
Business Details
The core business centers on the contracting of Prestressed Concrete (PC) Construction and General Civil Engineering Works. Large-scale renewal/repair works and new bridge construction works for expressway companies (Central Nippon Expressway, West Nippon Expressway, etc.) form the pillars of the business. Consolidated subsidiaries participating include Newtech Kowa Co., Ltd. (repair and paving), PSK Co., Ltd. (management of civil engineering equipment), Ryoken Kiso Co., Ltd. (foundation work), and Kameda-gumi Co., Ltd. (PC and general civil engineering). The company also receives construction cooperation orders from its parent company, Taisei Corporation. The favorable business environment continues, underpinned by disaster prevention/mitigation and national resilience policies.
Recent Overview
Corrected an aggregation error in cash flow statement line items; no impact on profit or loss
On June 18, 2026, an aggregation error was found in the breakdown of operating cash flow items in the consolidated statement of cash flows within the FY2026 (ending March 2026) earnings report (announced May 14, 2026), and a correction was made. Specifically, "commission fees paid" for the fiscal year under review was revised from ¥51 million to ¥45 million, and "other" was revised from ¥370 million to ¥375 million (no change to the subtotal or total operating cash flow). There is no impact on profit or loss, and there is no change to the performance figures of the Civil Engineering Business segment.
Key Products
Growth Drivers
- Continued strengthening of public construction investment based on disaster prevention/mitigation and national resilience policies
- Stable continuation of large-scale renewal/repair works for expressway companies (Central Nippon Expressway, West Nippon Expressway, Hanshin Expressway, etc.)
- Expansion of orders for new bridge construction works (Tokai-Kanjo Expressway, etc.)
- Improvement in gross profit margin through securing design changes
- Strengthened response to growth areas such as defense-related facilities and logistics facilities
- Productivity improvement and cost reduction through DX promotion and development of new construction methods
Risks
- Cost pressure from continued high material prices and rising labor costs
- Risk of cost increases due to international market conditions and foreign exchange fluctuations
- Decline in the working population in the construction industry and rising labor and transportation costs
- Medium-to-long-term declining trend in the large-scale renewal/repair market
- Risk of sales concentration among specific customers such as expressway companies (Central Nippon Expressway: ¥20,998 million; West Nippon Expressway: ¥16,000 million)
- Limits to productivity improvement due to delays in labor-saving and workforce reduction measures
Last updated: June 19, 2026