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YAMATO KOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 3% Increase

Fri Oct 31, 2025 1:00 pm JST Earnings

5444 YAMATO KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

YAMATO KOGYO CO.,LTD. <5444> [TSE Prime] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 32.2% from the same period last year to 27.9 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 12.0%, from the previous forecast of 50.0 billion yen to 56.0 billion yen (compared to 54.4 billion yen in the previous period), turning to a 2.9% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge 2.1 times that of the same period last year, reaching 28.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 6.1% from the same period last year, reaching 17.4 billion yen. However, the operating profit margin drastically worsened from 6.2% in the same period last year to 2.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 80,373 7,854 50,621 36,342 570.5 51.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 78,359 4,300 41,172 28,253 443.5 75.7 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 76,180 1,994 27,928 19,133 310.8 49.9 Oct 31, 2025 J-GAAP
YoY -2.8% -53.6% -32.2% -32.3% -29.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 74,500 1,300 25,000 16,500 269.0 200 Jul 31, 2025 J-GAAP
Apr - Sep, 2025 Results 76,180 1,994 27,928 19,133 310.8 200 Oct 31, 2025 J-GAAP
Revision Rate +2.3% +53.4% +11.7% +16.0% +15.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 147,000 2,000 50,000 34,000 561.8 400 Jul 31, 2025 J-GAAP
Mar, 2026 New 156,000 3,500 56,000 38,000 627.9 400 Oct 31, 2025 J-GAAP
Revision Rate +6.1% +75.0% +12.0% +11.8% +11.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 89,909 7,193 13,230 3,580 56.5 200 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 79,820 1,506 28,072 18,867 311.8 200 Oct 31, 2025 J-GAAP
YoY -11.2% -79.1% +112.2% +427.0% +451.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 163,479 17,282 99,223 70,018 1,099.2 400 Apr 30, 2024 J-GAAP
Mar, 2025 168,268 11,493 54,402 31,833 502.5 400 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 156,000 3,500 56,000 38,000 627.9 400 Oct 31, 2025 J-GAAP
YoY -7.3% -69.5% +2.9% +19.4% +25.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 44,309 2,740 16,483 10,679 167.6 6.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 47,889 4,981 -3,123 -8,871 -139.5 10.4 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 42,020 2,212 16,353 12,451 196.6 5.3 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 39,199 1,115 10,433 5,911 95.7 2.8 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 36,981 879 17,495 13,222 214.8 2.4 Oct 31, 2025 J-GAAP
YoY -16.5% -67.9% +6.1% +23.8% +28.1%

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