Yamaura (1780) Q4 2025 earnings summary

Executive summary

• FY2024 revenue was ¥35.613 billion, down 5.1% year-over-year, with operating profit of ¥3.891 billion (down 10.1%) and net income attributable to shareholders rising slightly to ¥3.002 billion.

• Previous year’s record results in the metropolitan condominium business led to a reactionary decline, but net profit still increased.

• Despite rising material costs and labor shortages, steady demand in private and public construction and robust condominium sales supported performance.

• Strengthened business domains, interdepartmental collaboration, and DX initiatives aimed at brand enhancement and new customer acquisition.

• Launched corporate attraction for the Kitahotaka industrial park and pursued large project orders using business land information.

Financial highlights

• Revenue decreased 5.2% year-over-year to ¥35.613 billion; operating profit margin fell from 11.5% to 10.9%.

• Net income attributable to shareholders increased 0.9% to ¥3.002 billion.

• EPS rose to ¥158.63, BPS to ¥1,229.39, while ROE declined to 13.7% and ROA to 9.6%.

• Dividend per share increased to ¥24.00, with a payout ratio of 15.1%.

• Total assets at year-end were ¥30,835 million, with equity of ¥23,268 million and an equity ratio of 75.5%.

Outlook and guidance

• FY2025 forecasts record revenue of ¥38.659 billion (+8.6% YoY), operating profit of ¥4.177 billion (+7.3%), and net income of ¥3.137 billion (+4.5%).

• Focus on productivity gains via DX, new customer acquisition, and business expansion in new fields.

• New mid-term management plan launched, emphasizing growth strategy, capital structure optimization, and shareholder returns including share buybacks.

• High backlog of carried-over construction projects supports strong revenue outlook, but U.S. tariff policy and macroeconomic uncertainty pose risks.

• The company aims to strengthen synergies across business segments and maintain a sound financial base.