YAMADA Consulting Group Co (4792) Q4 2025 earnings summary

Executive summary

• Achieved record highs in net sales (¥22,761 million, +2.6% YoY), gross profit (¥19,423 million, +19.2%), and operating profit (¥4,132 million, +12.8%).

• Profit attributable to owners of parent increased 0.7% to ¥2,882 million, remaining flat due to non-recognition of deferred tax assets and increased non-controlling interests.

• Growth was driven by strong Consulting and Investment businesses, with significant M&A deal closures and new subsidiaries boosting performance.

Financial highlights

• Net sales: ¥22,761 million (+2.6% YoY); gross profit: ¥19,423 million (+19.2% YoY); operating profit: ¥4,132 million (+12.8% YoY); ordinary profit: ¥4,099 million (+10.0% YoY); profit attributable to owners of parent: ¥2,882 million (+0.7% YoY).

• All key profit metrics reached record highs.

• Gross profit increased in both Consulting (+¥2,820 million) and Investment (+¥310 million) segments.

• Personnel expenses rose by ¥1,629 million due to headcount growth and salary increases.

• Comprehensive income: ¥2,999 million, down 2.1% YoY; equity ratio: 76.8%.

Outlook and guidance

• FY03/26 forecast: net sales ¥26,000 million (+14.2%), gross profit ¥19,600 million, operating profit ¥3,800 million (-8.0%), profit attributable to owners of parent ¥2,750 million (-4.5%).

• Consulting business sales expected to rise 2.1%, investment business sales to more than double.

• SG&A expenses projected to increase 3.3% due to headcount and salary increases.

• Progressive dividend policy introduced, targeting a 50% payout ratio.