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YAMATO HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 33%

Mon Feb 2, 2026 3:30 pm JST Earnings

9064 YAMATO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

YAMATO HOLDINGS CO.,LTD. <9064> [TSE Prime] announced its financial results after the market closed on February 2nd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 38.2 billion yen, an increase 43.3% compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has decreased 32.5%, from the previous forecast of 40.0 billion yen to 27.0 billion yen (compared to 19.5 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.0 times to 37.8%.

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 29.7%, from the previous forecast of 43.7 billion yen to 30.7 billion yen (compared to 33.2 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 7.5% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.1% from the same period last year, reaching 42.0 billion yen. However, the operating profit margin remained almost flat, changing from 8.2% in the same period last year to 8.0%.

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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 1,366,827 50,362 50,615 46,927 132.8 125.1 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 1,344,531 26,263 26,719 28,875 84.4 136.4 Feb 3, 2025 J-GAAP
Apr - Dec, 2025 1,438,756 38,585 38,285 25,188 79.4 141.8 Feb 2, 2026 J-GAAP
YoY +7.0% +46.9% +43.3% -12.8% -6.0%

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 973,226 43,782 43,747 28,887 91.2 23 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 953,226 31,782 30,747 19,887 62.8 23 Feb 2, 2026 J-GAAP
Revision Rate -2.1% -27.4% -29.7% -31.2% -31.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,880,000 40,000 40,000 24,000 75.8 46 May 1, 2025 J-GAAP
Mar, 2026 New 1,860,000 28,000 27,000 15,000 47.4 46 Feb 2, 2026 J-GAAP
Revision Rate -1.1% -30.0% -32.5% -37.5% -37.5%

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 922,283 29,207 33,239 49,111 144.8 23 May 1, 2025 J-GAAP
Oct - Mar, 2025 Guidance 953,226 31,782 30,747 19,887 62.8 23 Feb 2, 2026 J-GAAP
YoY +3.4% +8.8% -7.5% -59.5% -56.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,758,626 40,059 40,458 37,626 107.2 46 May 8, 2024 J-GAAP
Mar, 2025 1,762,696 14,206 19,587 37,937 111.9 46 May 1, 2025 J-GAAP
Mar, 2026 Guidance 1,860,000 28,000 27,000 15,000 47.4 46 Feb 2, 2026 J-GAAP
YoY +5.5% +97.1% +37.8% -60.5% -57.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 504,118 41,264 40,371 40,049 117.1 8.2 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 418,165 -12,057 -7,132 9,062 26.7 -2.9 May 1, 2025 J-GAAP
Apr - Jun, 2025 437,352 -6,494 -6,656 -5,424 -17.0 -1.5 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 469,422 2,712 2,909 537 1.7 0.6 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 531,982 42,367 42,032 30,075 94.8 8.0 Feb 2, 2026 J-GAAP
YoY +5.5% +2.7% +4.1% -24.9% -19.1%

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