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YAMAKI, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss, Dividend Dividend Also Turns into No Dividend

Fri Feb 13, 2026 3:45 pm JST Earnings

3598 YAMAKI CO.,LTD. 【J-GAAP】

Earnings Report

YAMAKI CO.,LTD. <3598> [TSE Std] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 28.2% from the same period last year to 61 million yen.

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 180 million yen to a loss of 70 million yen (compared to a profit of 15 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (second half) has been revised downward from an expected profit of 64 million yen to a loss of 186 million yen (compared to a loss of 56 million yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the plan to pay a year-end lump-sum dividend of 3 yen has been abandoned, and the policy has been set to forego dividends for the first time in three terms, falling to a no-dividend status (compared to 3 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 55 million yen (compared to a profit of 14 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.4% in the same period last year to -7.7%.

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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 8,692 299 321 251 17.7 122.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 8,027 65 85 129 9.1 566.7 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 7,461 -60 61 36 2.6 ー Feb 13, 2026 J-GAAP
YoY -7.1% － -28.2% -72.1% -71.6%

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 5,594 102 64 46 3.2 3 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 4,594 -288 -186 -204 -14.4 0 Feb 13, 2026 J-GAAP
Revision Rate -17.9% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,000 200 180 150 10.6 3 May 15, 2025 J-GAAP
Mar, 2026 New 10,000 -190 -70 -100 -7.1 0 Feb 13, 2026 J-GAAP
Revision Rate -9.1% － － － －

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 5,101 -51 -56 -40 -2.8 3 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,594 -288 -186 -204 -14.4 0 Feb 13, 2026 J-GAAP
YoY -9.9% -464.7% -232.1% -410.0% -409.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 11,448 221 262 214 15.1 3 May 15, 2024 J-GAAP
Mar, 2025 10,774 48 15 90 6.4 3 May 15, 2025 J-GAAP
Mar, 2026 Guidance 10,000 -190 -70 -100 -7.1 0 Feb 13, 2026 J-GAAP
YoY -7.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,354 -34 14 -1 -0.1 -1.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,747 -17 -70 -39 -2.8 -0.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 3,121 178 156 124 8.8 5.7 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 2,285 -80 -40 -20 -1.4 -3.5 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 2,055 -158 -55 -68 -4.9 -7.7 Feb 13, 2026 J-GAAP
YoY -12.7% -364.7% － -6,700.0% -6,885.7%

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