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Yodogawa Steel Works, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 26% Increase, Raises Record High Profit, Dividend Revised Upward by 29 Yen

Fri Feb 27, 2026 4:00 pm JST Revision

5451 YODOKO, Ltd. 【J-GAAP】

Guidance Update Report

YODOKO, Ltd. <5451> [TSE Prime] announced a revision to its performance and dividend after the market closed on February 27th (16:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 47.8%, from the previous forecast of 11.5 billion yen to 17.0 billion yen (compared to 13.4 billion yen in the previous period), record profits reach two consecutive terms, turning to a 25.9% increase in the consolidated net income outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 2.0 times, from the previous forecast of 5.45 billion yen to 10.9 billion yen (compared to 7.70 billion yen in the same period of the previous year), turning to a 42.2% increase in the consolidated net income outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 89 yen (compared to 351 yen before the 5-for-1 forward stock split in the previous period).

Kabutan News

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 97,124 4,286 8,124 5,457 37.7 40 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 97,124 4,286 8,124 10,957 75.7 69 Feb 27, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +100.8% +100.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 199,000 11,600 17,000 11,500 79.5 60 Aug 6, 2025 J-GAAP
Mar, 2026 New 199,000 11,600 17,000 17,000 117.5 89 Feb 27, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +47.8% +47.8%

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 103,136 6,077 12,380 7,708 53.3 50.20 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 97,124 4,286 8,124 10,957 75.7 69 Feb 27, 2026 J-GAAP
YoY -5.8% -29.5% -34.4% +42.2% +42.0%

Current Period Guidance

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 Guidance 199,000 11,600 17,000 17,000 117.5 89 Feb 27, 2026 J-GAAP
YoY -4.5% -16.5% -21.1% +25.9% +25.8%

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