Yakult Honsha (2267) Q3 2025 earnings summary

Executive summary

• Net sales decreased 0.4% year-over-year to 386.2–386.3 billion yen, with operating profit down 9.2% to 50.7 billion yen.

• Profit attributable to owners was 43.5–43.6 billion yen, nearly flat year-over-year; ordinary profit stable at 68.7 billion yen.

• Overseas food and beverages segments grew in both sales and profit, offsetting domestic declines.

Financial highlights

• Net sales: 386.2 billion yen (99.6% of prior year); operating profit: 50.7 billion yen (90.8% of prior year).

• Ordinary profit: 68.7 billion yen (99.7% of prior year); profit attributable to owners: 43.5 billion yen (100.6% of prior year).

• Basic EPS: 143.80 yen, up 4.71 yen year-over-year.

• Operating profit margin declined to 13.1% from 14.4% year-over-year.

• Gross profit margin improved slightly to 59.8% from 59.7% year-over-year.

Segment performance

• Japan food and beverages: Net sales fell 3.3% to 185.2 billion yen; operating profit dropped 21.7% to 30.7 billion yen.

• The Americas: Net sales rose 15.2% to 70.7 billion yen; operating profit up 23.3% to 20.6 billion yen.

• Europe: Net sales up 19.0% to 9.0 billion yen; operating profit improved to 0.4 billion yen.

• Asia/Oceania: Net sales stable at 104.7 billion yen; operating profit up 2.0% to 11.3 billion yen.

• Other businesses saw a 16.9% decline in net sales and a 26.6% drop in operating profit.