Yodoko (5451) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter rose 0.3% year-over-year to ¥52,769 million, with operating profit up 3.3% to ¥4,196 million and profit attributable to owners of parent up 6.0% to ¥3,401 million.

• Comprehensive income dropped sharply by 75.4% year-over-year, mainly due to a significant negative swing in foreign currency translation adjustments.

• Domestic sales and earnings declined, while overseas subsidiaries, especially in Taiwan and China, contributed positively to results.

Financial highlights

• Gross profit increased to ¥9,753 million from ¥8,949 million year-over-year.

• Ordinary profit was stable at ¥5,125 million, up slightly from ¥5,120 million a year earlier.

• Net income per share was ¥23.52, reflecting a 1-to-5 share split effective July 1, 2025.

• Total assets decreased to ¥255,249 million from ¥264,256 million at the end of the previous fiscal year.

• Net assets declined to ¥209,238 million, with an equity ratio of 74.3%.

Outlook and guidance

• Full-year net sales are forecast at ¥199,000 million, down 4.5% year-over-year, with operating profit expected to fall 16.5% to ¥11,600 million.

• Net income per share for the full year is projected at ¥79.51.

• Management highlights ongoing uncertainty due to global trade tensions and U.S. tariffs, with indirect effects expected on supply and demand.