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YAMAURA, First Half Ordinary Profit Increases by 44%, Jul-Sep Ordinary Profit Increases by 2.1 times
1780 YAMAURA CORPORATION 【J-GAAP】
Earnings ReportYAMAURA CORPORATION <1780> [TSE Prime] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.31 billion yen, an increase 43.8% compared to the same period last year. However, Progress toward the full-year plan of 4.72 billion yen was 49.1%, also falling below the five-year average of 55.9%.
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 grow 2.0% from the same period last year, reaching 2.40 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 1.44 billion yen. The operating profit margin improved from 9.1% in the same period last year to 11.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 20,740 | 2,748 | 2,726 | 1,899 | 100.3 | 65.7 | Nov 14, 2023 | J-GAAP |
| Apr - Sep, 2024 | 14,845 | 1,580 | 1,611 | 1,059 | 56.0 | 40.6 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 | 19,159 | 2,037 | 2,317 | 1,571 | 83.0 | 49.1 | Nov 13, 2025 | J-GAAP |
| YoY | +29.1% | +28.9% | +43.8% | +48.3% | +48.3% |
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 | 18,085 | 1,950 | 2,340 | 1,666 | 88.0 | 13 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 19,159 | 2,037 | 2,317 | 1,571 | 83.0 | 13 | Nov 13, 2025 | J-GAAP |
| Revision Rate | +5.9% | +4.5% | -1.0% | -5.7% | -5.7% |
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 | 20,768 | 2,311 | 2,357 | 1,943 | 102.7 | 16.50 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 19,500 | 2,140 | 2,404 | 1,566 | 82.7 | 13 | Nov 13, 2025 | J-GAAP |
| YoY | -6.1% | -7.4% | +2.0% | -19.4% | -19.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 37,546 | 4,327 | 4,150 | 2,976 | 157.2 | 10 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 35,613 | 3,891 | 3,968 | 3,002 | 158.6 | 24 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 38,659 | 4,177 | 4,721 | 3,137 | 165.7 | 26 | May 14, 2025 | J-GAAP |
| YoY | +8.6% | +7.4% | +19.0% | +4.5% | +4.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 7,739 | 707 | 701 | 498 | 26.3 | 9.1 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 10,245 | 1,330 | 1,357 | 970 | 51.3 | 13.0 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 10,523 | 981 | 1,000 | 973 | 51.4 | 9.3 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,431 | 826 | 873 | 567 | 30.0 | 9.8 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,728 | 1,211 | 1,444 | 1,004 | 53.1 | 11.3 | Nov 13, 2025 | J-GAAP |
| YoY | +38.6% | +71.3% | +106.0% | +101.6% | +101.5% |
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