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Yodogawa Steel Works, 32% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Mon May 11, 2026 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 May 11th (11:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 18.7% from the previous period to 17.5 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to drop by 32.1% from the previous period to 11.9 billion yen.

At the same time, the company increased the annual dividend for the previous term from 89 yen to 91 yen (compared to 351 yen before the 5-for-1 forward stock split in the previous term), and has decided to reduce the dividend this fiscal year to 53 yen, a decrease of 38 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 4.03 billion yen, a 4.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.4% in the same period last year to 5.1%.

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Actual Results

Historical Performance
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 195,373 11,868 17,517 17,404 120.5 91 May 11, 2026 J-GAAP
YoY -6.3% -14.6% -18.7% +28.9% +29.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 199,000 11,600 17,000 17,000 119.9 89 Feb 27, 2026 J-GAAP
Mar, 2026 Results 195,373 11,868 17,517 17,404 120.5 91 May 11, 2026 J-GAAP
Revision Rate -1.8% +2.3% +3.0% +2.4% +0.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 101,876 7,314 8,876 6,043 41.8 20 Nov 5, 2025 J-GAAP
Apr - Sep, 2026 Guidance 100,000 5,900 7,000 6,900 48.2 20 May 11, 2026 J-GAAP
YoY -1.8% -19.3% -21.1% +14.2% +15.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 208,460 13,889 21,551 13,499 93.4 70.20 May 9, 2025 J-GAAP
Mar, 2026 195,373 11,868 17,517 17,404 120.5 91 May 11, 2026 J-GAAP
Mar, 2027 Guidance 196,000 10,300 11,900 10,000 69.8 53 May 11, 2026 J-GAAP
YoY +0.3% -13.2% -32.1% -42.5% -42.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 47,090 2,189 4,609 3,395 23.5 4.6 Feb 6, 2026 J-GAAP
Jan - Mar, 2026 46,407 2,365 4,032 7,966 55.2 5.1 May 11, 2026 J-GAAP
YoY -10.3% -14.8% -4.3% +262.8% +262.8%

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