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AOYAMA TRADING, 9% Increase in Ordinary Profit for The Current Fiscal Year, Dividend Effectively Cut
8219 AOYAMA TRADING Co., Ltd. 【J-GAAP】
Earnings ReportAOYAMA TRADING Co., Ltd. <8219> [TSE Prime] announced its financial results after the market closed on May 12th (16:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 13.5% from the previous period to 10.9 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 9.0% to 11.9 billion yen.
At the same time, the annual dividend for this fiscal year is 38 yen, taking into account the forward stock split scheduled to be allocated on March 31, this dividend represents an actual reduce of 16.2%.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 8.36 billion yen, a 3.1% decrease compared to the same period last year. The operating profit margin decreased from 14.0% in the same period last year to 13.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 193,687 | 11,918 | 12,503 | 10,089 | 67.5 | 21.67 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 195,714 | 12,573 | 12,628 | 9,397 | 63.4 | 44.67 | May 13, 2025 | J-GAAP |
| Mar, 2026 | 189,011 | 10,588 | 10,919 | 6,918 | 48.0 | 45.33 | May 12, 2026 | J-GAAP |
| YoY | -3.4% | -15.8% | -13.5% | -26.4% | -24.4% |
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 | 197,000 | 14,000 | 14,000 | 9,500 | 66.9 | 45.33 | Nov 11, 2025 | J-GAAP |
| Mar, 2026 Results | 189,011 | 10,588 | 10,919 | 6,918 | 48.0 | 45.33 | May 12, 2026 | J-GAAP |
| Revision Rate | -4.1% | -24.4% | -22.0% | -27.2% | -28.4% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 81,973 | 77 | 297 | -856 | -5.9 | 18.33 | Nov 11, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 84,200 | 100 | 100 | -1,200 | -8.5 | 19 | May 12, 2026 | J-GAAP |
| YoY | +2.7% | +29.9% | -66.3% | -40.2% | -43.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 195,714 | 12,573 | 12,628 | 9,397 | 63.4 | 44.67 | May 13, 2025 | J-GAAP |
| Mar, 2026 | 189,011 | 10,588 | 10,919 | 6,918 | 48.0 | 45.33 | May 12, 2026 | J-GAAP |
| Mar, 2027 Guidance | 194,700 | 11,700 | 11,900 | 7,600 | 53.5 | 38 | May 12, 2026 | J-GAAP |
| YoY | +3.0% | +10.5% | +9.0% | +9.9% | +11.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 62,609 | 8,764 | 8,628 | 7,724 | 52.2 | 14.0 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 43,657 | 1,369 | 1,534 | 641 | 4.4 | 3.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 38,316 | -1,292 | -1,237 | -1,497 | -10.3 | -3.4 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 46,826 | 2,220 | 2,258 | 1,269 | 8.8 | 4.7 | Feb 13, 2026 | J-GAAP |
| Jan - Mar, 2026 | 60,212 | 8,291 | 8,364 | 6,505 | 45.1 | 13.8 | May 12, 2026 | J-GAAP |
| YoY | -3.8% | -5.4% | -3.1% | -15.8% | -13.5% |
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