YAMADA Consulting Group Co (4792) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 0.4% year-over-year to ¥17,060.8 million, with gross profit up 22.8% and operating profit up 22.7%.

• Operating profit reached 92.2% of the full-year projection, driven by early realization of equity investment sales and large M&A advisory success fees.

• Profit attributable to owners of parent increased 5.6% year-over-year to ¥2,266.4 million.

Financial highlights

• Gross profit for the nine months was ¥14,400.9 million (+22.8% YoY), operating profit ¥3,440.8 million (+22.7% YoY), ordinary profit ¥3,430.8 million (+21.3% YoY), and EPS ¥118.81.

• Total assets as of December 31, 2024, were ¥21,284.5 million, with net assets at ¥18,098.6 million and an equity ratio of 82.4%.

• Cash and cash equivalents at period end were ¥8,500.2 million, down ¥1,187.6 million from the previous year.

Outlook and guidance

• Full-year forecast maintained: net sales ¥21,100 million (-4.8% YoY), operating profit ¥3,730 million (+1.8% YoY), ordinary profit ¥3,730 million (+0.1% YoY), profit attributable to owners of parent ¥2,870 million (+0.2% YoY), and EPS ¥150.43.

• Focus areas include management consulting, cross-border M&A, business succession, and new investment projects in private equity and real estate.