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Yodogawa Steel Works, First Half Ordinary Profit Decreases by 3%

Wed Nov 5, 2025 11:00 am JST Earnings

5451 YODOKO, Ltd. 【J-GAAP】

Earnings Report

YODOKO, Ltd. <5451> [TSE Prime] announced its financial results in the morning on November 5th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.2% from the same period last year to 8.87 billion yen. However, Progress toward the full-year plan of 17.0 billion yen was 52.2%, also surpassing the five-year average of 47.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 34.4% from the same period last year to 8.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.75 billion yen, a 7.4% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 6.3%.

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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 101,286 5,472 7,672 5,185 35.9 50.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 105,324 7,812 9,171 5,791 40.1 42.6 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 101,876 7,314 8,876 6,043 41.8 52.2 Nov 5, 2025 J-GAAP
YoY -3.3% -6.4% -3.2% +4.4% +4.2%

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 103,000 6,900 8,300 5,500 38.0 20 Aug 6, 2025 J-GAAP
Apr - Sep, 2025 Results 101,876 7,314 8,876 6,043 41.8 20 Nov 5, 2025 J-GAAP
Revision Rate -1.1% +6.0% +6.9% +9.9% +9.9%

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 103,136 6,077 12,380 7,708 53.3 50.20 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 97,124 4,286 8,124 5,457 37.7 40 Nov 5, 2025 J-GAAP
YoY -5.8% -29.5% -34.4% -29.2% -29.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 203,957 12,017 15,202 4,456 30.9 40 May 10, 2024 J-GAAP
Mar, 2025 208,460 13,889 21,551 13,499 93.4 70.20 May 9, 2025 J-GAAP
Mar, 2026 Guidance 199,000 11,600 17,000 11,500 79.5 60 Aug 6, 2025 J-GAAP
YoY -4.5% -16.5% -21.1% -14.8% -14.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 52,729 3,751 4,051 2,581 17.9 7.1 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 51,418 3,302 8,167 5,512 38.1 6.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 51,718 2,775 4,213 2,196 15.2 5.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 52,769 4,196 5,125 3,401 23.5 8.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 49,107 3,118 3,751 2,642 18.3 6.3 Nov 5, 2025 J-GAAP
YoY -6.9% -16.9% -7.4% +2.4% +2.3%

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