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YAMATO, First Half Ordinary Profit Increases by 38%

Tue Nov 4, 2025 3:00 pm JST Earnings

1967 YAMATO CORPORATION 【J-GAAP】

Earnings Report

YAMATO CORPORATION <1967> [TSE Std] announced its financial results in the afternoon session on November 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.76 billion yen, an increase 38.4% compared to the same period last year, exceeded the previous forecast of 2.35 billion yen.

Progress toward the full-year plan of 4.60 billion yen was 60.0%, also surpassing the five-year average of 39.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 44.1% from the same period last year to 1.84 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 20.6% from the same period last year, reaching 1.33 billion yen. The operating profit margin improved from 7.4% in the same period last year to 8.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 20,550 91 367 208 8.3 15.7 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 24,487 1,717 1,994 1,351 54.3 37.7 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 26,401 2,419 2,760 2,188 90.9 60.0 Nov 4, 2025 J-GAAP
YoY +7.8% +40.9% +38.4% +62.0% +67.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 26,700 2,150 2,350 1,700 75.9 0 Jul 31, 2025 J-GAAP
Apr - Sep, 2025 Results 26,401 2,419 2,760 2,188 90.9 0 Nov 4, 2025 J-GAAP
Revision Rate -1.1% +12.5% +17.4% +28.7% +19.8%

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 28,681 3,079 3,289 2,581 103.9 45 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,599 1,781 1,840 1,612 72.0 47 Nov 4, 2025 J-GAAP
YoY -7.3% -42.2% -44.1% -37.5% -30.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 48,296 1,807 2,331 1,479 58.7 27 May 7, 2024 J-GAAP
Mar, 2025 53,168 4,796 5,283 3,932 158.3 45 May 7, 2025 J-GAAP
Mar, 2026 Guidance 53,000 4,200 4,600 3,800 169.7 47 May 7, 2025 J-GAAP
YoY -0.3% -12.4% -12.9% -3.4% +7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,525 928 1,103 743 29.9 7.4 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 12,480 1,244 1,437 983 39.5 10.0 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 16,201 1,835 1,852 1,598 64.3 11.3 May 7, 2025 J-GAAP
Apr - Jun, 2025 13,582 1,330 1,430 914 36.9 9.8 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 12,819 1,089 1,330 1,274 53.0 8.5 Nov 4, 2025 J-GAAP
YoY +2.3% +17.3% +20.6% +71.5% +77.4%

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