Yellow Hat (9882) investor relations material

Executive summary

• Interim sales, gross profit, operating profit, ordinary profit and parent-attributable profit all reached record highs; stronger consumables sales and labor revenue supported growth.

• Operating profit rose 18.2% YoY to ¥6,496 million; parent-attributable profit increased 22.9% to ¥5,310 million.

Financial highlights

• Net sales increased 4.7% YoY to ¥83,015 million; gross profit rose 5.9% to ¥37,075 million.

• SG&A grew 3.6% YoY to ¥30,578 million, reflecting higher staffing, training, DX commissions and sales-data system renewal costs.

• Ordinary profit reached ¥7,184 million, up 17.4% YoY; comprehensive income was ¥7,811 million versus ¥6,130 million.

• Real estate sale gains contributed to extraordinary income of ¥1,016 million; extraordinary losses were ¥312 million, including ¥297 million in information security costs.

Outlook and guidance

• FY2027 forecast unchanged: sales ¥176,000 million, operating profit ¥16,000 million, ordinary profit ¥17,400 million and parent-attributable profit ¥12,200 million.

• Full-year basic EPS forecast is ¥142.61; it excludes the impact of the treasury-share acquisition.

• FY2027 annual dividend forecast is ¥68 per share, including ¥34 at both interim and year-end; no revision to the dividend forecast.