People Dream Technology Group Co., Ltd. (TSE: 9248) released consolidated interim results for the second quarter / first half of the fiscal year ending September 30, 2026 (H1 FY9/2026, covering October 1, 2025 to March 31, 2026) under Japanese GAAP. Revenue for the six-month period increased 4.1% year-on-year to ¥24,791 million, while operating profit surged 47.9% to ¥3,600 million and ordinary profit rose 50.7% to ¥3,711 million. Interim net profit attributable to owners of the parent advanced 53.4% to ¥2,399 million. Interim basic EPS stood at ¥272.33, compared with ¥174.38 in the prior-year first half — a 56% improvement. The strong profitability gain in the first half reflects improved project execution, a favourable mix shift toward higher-margin consulting mandates, and the company's growing presence in public-infrastructure consulting, disaster prevention and resilience work.
Civil-engineering consulting powers H1 profitability
PDT Group operates as a multi-disciplinary civil-engineering consulting and construction services group, advising national and local government bodies, as well as private developers, on infrastructure design, construction management and maintenance. Its expertise spans road, bridge, river and urban development projects — segments that are structurally supported by Japan's sustained public-works spending on disaster prevention, infrastructure renewal and regional development. The first-half outperformance — with operating profit growing nearly three times faster than revenue — suggests meaningful margin expansion from project mix and scale, even as the company grows its top line at a moderate pace. No changes to the consolidated scope were recorded during the interim period.
Balance sheet: total assets expand; equity ratio at 43.9%
As of March 31, 2026, total assets stood at ¥52,357 million, up substantially from ¥41,145 million at the prior comparable period (September 30, 2025 year-end). Net assets increased to ¥23,062 million from ¥20,912 million. The equity ratio eased to 43.9% from 50.7%, reflecting asset growth outpacing equity accumulation — a common dynamic for consulting groups that scale staffing and working capital in line with project pipelines. Shareholders' equity was ¥23,010 million. The company had no interim dividend payment (¥0.00 at the Q2 end), with all shareholder distributions scheduled as a year-end dividend.
Full-year guidance maintained; year-end dividend planned at ¥60
PDT Group maintained its previously announced full-year FY9/2026 guidance without revision. The company targets annual revenue of ¥44,800 million (-2.6% vs FY9/2025), operating profit of ¥2,300 million (-14.3%), ordinary profit of ¥2,318 million (-14.4%) and net profit of ¥1,236 million (-21.0%), with full-year EPS of ¥140.30. The guidance implies that the second half (April–September 2026) will be materially weaker than H1, which is typical for this company's fiscal-year pattern: H1 encompasses the winter and spring construction season, which tends to be project-heavy, while H2 can see timing-driven variations in revenue recognition. The planned year-end dividend is ¥60.00 per share (no interim dividend), slightly below the ¥62.00 paid in the prior fiscal year.
| Metric | H1 FY9/2026 | H1 FY9/2025 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 24.8 | 23.8 | +4.1% |
| Operating profit (¥ billion) | 3.6 | 2.4 | +47.9% |
| Ordinary profit (¥ billion) | 3.7 | 2.5 | +50.7% |
| Interim net profit attrib. to owners (¥ billion) | 2.4 | 1.6 | +53.4% |
| Interim EPS (¥) | 272.33 | 174.38 | +56.2% |
| Operating margin | 14.5% | 10.2% | +4.3pp |
| Total assets (¥ billion) | 52.4 | 41.1 | +27.3% |
| Equity ratio | 43.9% | 50.7% | -6.8pp |
| Planned year-end dividend (¥) | 60.00 | 62.00 | -3.2% |
| FY9/2026 full-year revenue guidance (¥ billion) | 44.8 | — | -2.6% |
| FY9/2026 full-year OP guidance (¥ billion) | 2.3 | — | -14.3% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.