Yamato Kogyo Co (5444) Q1 2027 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2026, were ¥39,195 million, nearly flat year-on-year, with significant profit growth driven by U.S. operations despite challenging conditions in Japan and ASEAN.

• Operating profit turned negative at ¥446 million, down from ¥1,115 million year-on-year, while ordinary profit surged to ¥22,151 million, mainly due to strong equity-method affiliate performance in the U.S.

• Profit attributable to owners of parent rose to ¥12,291 million, up ¥6,380 million year-on-year.

Financial highlights

• Net sales: ¥39,195 million (down ¥4 million year-on-year).

• Operating profit: ¥-446 million (down ¥1,562 million year-on-year).

• Ordinary profit: ¥22,151 million (up ¥11,717 million year-on-year).

• Profit attributable to owners of parent: ¥12,291 million (up ¥6,380 million year-on-year).

• Basic EPS: ¥205.71 (up from ¥95.70 year-on-year).

Outlook and guidance

• Full-year forecast revised: net sales ¥178,000 million (up ¥12,000 million), operating profit ¥3,200 million (down ¥1,300 million), ordinary profit ¥87,000 million (up ¥19,000 million), profit attributable to owners of parent ¥57,500 million (up ¥10,500 million).

• U.S. business expected to maintain high profitability; Japan and ASEAN remain challenging due to market and cost pressures.

• Dividend forecast unchanged at ¥400 per share for the full year.