YAMADA Consulting Group Co (4792) Q2 2025 earnings summary

Executive summary

• Operating profit surged 83.3% year-over-year to ¥2,897 million, reaching 77.6% of the full-year forecast, driven by equity investment sales and major M&A deals.

• Net sales for the six months ended September 30, 2024, rose 8.3% year-over-year to ¥12,422 million, with profit attributable to owners of parent up 49.5% to ¥1,908 million.

• Comprehensive income increased to ¥1,965 million from ¥1,446 million year-over-year, with a notable rise in profit attributable to non-controlling interests.

• No changes were made to the full-year forecast as results aligned with expectations.

Financial highlights

• Gross profit increased 38.8% year-over-year to ¥10,224 million, while selling, general and administrative expenses rose to ¥7,327 million.

• Ordinary profit surged 74.3% year-over-year to ¥2,827 million.

• Earnings per share for the period were ¥100.09, up from ¥66.98 in the prior year.

• Total assets as of September 30, 2024, were ¥21,317 million, with net assets at ¥18,248 million and an equity ratio of 83.0%.

• Five-year CAGR for gross profit expected to accelerate to 10.8% for the full year.

Outlook and guidance

• Full-year forecast remains unchanged: net sales ¥21,100 million, operating profit ¥3,730 million, ordinary profit ¥3,730 million.

• Profit attributable to owners of parent is forecast at ¥2,870 million, with projected EPS of ¥150.43.

• Annual dividend forecast is ¥76.00 per share.

• Consulting business expected to maintain steady growth; investment business to see volatility due to timing of exits.

• Medium-term targets for FY03/26: net sales ¥22.7 billion, gross profit ¥17.8 billion, operating profit ¥4.2 billion.