Yakult Honsha (2267) Q3 2026 earnings summary

Executive summary

• Consolidated net sales and profits declined year-over-year, mainly due to yen appreciation, higher costs, and lower dairy product sales in Japan, while overseas segments saw sales volume growth but were negatively impacted by foreign exchange.

• The business faced a challenging market environment with increased competition and rising prices, despite ongoing product promotion and anniversary campaigns.

Financial highlights

• Net sales fell by 3.8% year-over-year to ¥371.7 billion, with operating profit down 19.3% to ¥40.9 billion and ordinary profit down 19.0% to ¥55.6 billion.

• Profit attributable to owners of parent declined by 4.6% to ¥41.5 billion; basic earnings per share was ¥141.54.

• Q3 three-month period saw profits at each stage of net sales nearly flat, with overseas segment showing recovery.

• Total assets increased by ¥16.9 billion to ¥881.2 billion, while net assets decreased by ¥3.2 billion to ¥626.2 billion.

Outlook and guidance

• Full-year forecast figures remain unchanged from previous announcements, with net sales forecast at ¥489.5 billion and profit attributable to owners of parent projected at ¥46.5 billion.

• Sales volume in Japan is below plan, but Asia, Oceania, and other regions are progressing steadily and overall performance is tracking in line with plan.