YAMADA Consulting Group Co (4792) Q4 2026 earnings summary

Executive summary

• Net sales for FY03/26 reached ¥26,711 million, up 17.3% year-over-year, with gross profit at ¥20,501 million (+5.5%). Operating profit declined 9.4% to ¥3,741 million due to higher personnel costs and a slowdown in M&A advisory services. Profit attributable to owners of parent rose 0.4% to ¥2,895 million, aided by a gain on negative goodwill from a real estate M&A transaction and lower non-controlling interest profit. Comprehensive income rose 7.9% year-over-year to ¥3,236 million.

Financial highlights

• Net sales and gross profit hit record highs, but operating and ordinary profit declined year-over-year.

• Gross profit increased in both Consulting (+¥773 million) and Investment (+¥307 million) businesses.

• Personnel expenses rose by ¥1,220 million due to recruitment and salary increases; headcount grew by 87.

• Cash and cash equivalents at period end were ¥10,249 million, up from ¥8,870 million, with significant investment in private equity, fund, and real estate assets.

• Net assets increased to ¥23,920 million from ¥18,580 million year-over-year.

Outlook and guidance

• FY03/27 forecast: net sales ¥26,900 million (+0.7%), gross profit ¥22,100 million (+7.8%), operating profit ¥4,500 million (+20.2%), ordinary profit ¥4,350 million (+17.1%), net profit attributable to owners of parent ¥2,900 million (+0.1%).

• Consulting Business FY03/27 forecast: net sales ¥23,000 million (+8.5%), operating profit ¥3,260 million (+26.1%).

• Investment Business FY03/27 forecast: net sales ¥3,900 million (–29.7%), operating profit ¥1,240 million (+6.9%).

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