YAMADA Consulting Group Co (4792) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, increased 7.2% year-over-year to ¥18,296 million, but operating profit declined 26.3% to ¥2,533 million and net profit attributable to owners fell 25.7% to ¥1,683 million.

• Gross profit decreased 1.4% year-over-year, reflecting higher personnel costs and a less favorable sales mix, particularly in the consulting segment.

• The company maintained its full-year forecast, expecting net sales of ¥26,000 million (+14.2% YoY), operating profit of ¥3,800 million (-8.0% YoY), and net profit attributable to owners of ¥2,750 million (-4.5% YoY).

Financial highlights

• Net sales: ¥18,296 million (+7.2% YoY); gross profit: ¥14,194 million (-1.4% YoY); operating profit: ¥2,533 million (-26.3% YoY); ordinary profit: ¥2,433 million (-29.0% YoY); net profit attributable to owners: ¥1,683 million (-25.7% YoY).

• Basic EPS for the nine months: ¥88.04 (vs. ¥118.81 YoY).

• Comprehensive income: ¥1,880 million (-25.8% YoY).

• Total assets as of December 31, 2025: ¥25,827 million; equity-to-asset ratio: 71.4%.

Outlook and guidance

• Full-year forecast unchanged: net sales ¥26,000 million (+14.2% YoY), operating profit ¥3,800 million (-8.0% YoY), net profit attributable to owners ¥2,750 million (-4.5% YoY), basic EPS ¥143.74.

• Consulting business sales expected to grow 2.1% and gross profit by 1.3% for the full year; investment business sales expected to rise significantly, but gross profit to remain flat.

• Operating income margin expected to decline due to higher personnel costs and increased SG&A expenses.