Yamau Holdings (5284) Q2 2027 earnings summary

Executive summary

• H1 FY3/27 revenue fell 2.2% YoY to ¥8,530m; operating profit declined 17.1% to ¥753.9m and profit attributable to owners fell 17.9% to ¥506.9m.

• Water-gate and bridge-joint businesses improved, but lower precast shipments and weaker geotechnical results weighed on earnings.

Financial highlights

• Revenue was ¥8,530m versus ¥8,718m; gross profit was ¥3,235m versus ¥3,416m, and SG&A declined ¥25m to ¥2,480m.

• Operating profit was ¥753.9m versus ¥909.6m; ordinary profit fell 19.0% to ¥807m and attributable net income was ¥506.9m versus ¥617.3m.

• Comprehensive income was ¥606m, down 9.8% YoY; EPS was ¥83.66 versus ¥101.01.

• Total assets were ¥20,708m at September 2026, down 8.0% from FY2026 year-end; net assets were ¥13,726m.

Outlook and guidance

• FY2027 forecast unchanged: revenue ¥22,200m, operating profit ¥3,520m, ordinary profit ¥3,600m and attributable net income ¥2,250m.

• FY2027 EPS forecast is ¥371.36 and annual dividend forecast is ¥112 per share, versus ¥110 in FY2026.

• Final year of Plan C3; aim to exceed plan targets through profit-conscious order acquisition and sales-price pass-through; targets include a 12.5% operating margin and 10.0% ROIC.