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YAMANAKA, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 67% Decrease

Mon Jan 26, 2026 1:00 pm JST Earnings

8190 YAMANAKA CO.,LTD. 【J-GAAP】

Earnings Report

YAMANAKA CO.,LTD. <8190> [NSE Main] announced its financial results in the afternoon session on January 26th (13:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) turned into a loss of 70 million yen (compared to a profit of 185 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 80.0%, from the previous forecast of 1200 million yen to 240 million yen (compared to 730 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 67.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 81.8%, from the previous forecast of 1174 million yen to 214 million yen (compared to 538 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 60.2% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss expanded to a loss of 96 million yen (compared to a loss of 7 million yen in the same period last year). The operating profit/loss margin worsened from -0.3% in the same period last year to -0.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 64,104 359 484 237 12.4 50.1 Jan 22, 2024 J-GAAP
Apr - Dec, 2024 62,950 64 185 120 6.3 25.3 Jan 27, 2025 J-GAAP
Apr - Dec, 2025 61,672 -200 -70 -129 -6.8 Jan 26, 2026 J-GAAP
YoY -2.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 45,581 1,145 1,174 840 44.1 5 Oct 27, 2025 J-GAAP
Oct - Mar, 2025 New 42,081 145 214 120 6.3 5 Jan 26, 2026 J-GAAP
Revision Rate -7.7% -87.3% -81.8% -85.7% -85.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 87,000 1,100 1,200 800 42.0 10 Apr 28, 2025 J-GAAP
Mar, 2026 New 83,500 100 240 80 4.2 10 Jan 26, 2026 J-GAAP
Revision Rate -4.0% -90.9% -80.0% -90.0% -90.0%

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 41,978 457 538 154 8.1 5 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 42,081 145 214 120 6.3 5 Jan 26, 2026 J-GAAP
YoY +0.2% -68.3% -60.2% -22.1% -22.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 86,088 804 966 471 24.6 9 Apr 22, 2024 J-GAAP
Mar, 2025 84,505 585 730 296 15.6 10 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 83,500 100 240 80 4.2 10 Jan 26, 2026 J-GAAP
YoY -1.2% -82.9% -67.1% -73.0% -73.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 20,423 -64 -7 -22 -1.2 -0.3 Jan 27, 2025 J-GAAP
Jan - Mar, 2025 21,555 521 545 176 9.3 2.4 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 20,590 50 74 25 1.4 0.2 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 20,829 -95 -48 -65 -3.4 -0.5 Oct 27, 2025 J-GAAP
Oct - Dec, 2025 20,253 -155 -96 -89 -4.7 -0.8 Jan 26, 2026 J-GAAP
YoY -0.8% -142.2% -1,271.4% -304.5% -303.4%

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