Yodoko (5451) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months ended December 31, 2024, rose 2.1% year-over-year to ¥156,742 million, with operating profit up 24.3% to ¥11,114 million and profit attributable to owners of parent up 45.8% to ¥11,303 million.

• Despite a sluggish domestic and global steel market, earnings improved due to higher sales of value-added products and cost management.

Financial highlights

• Gross profit increased to ¥25,525 million from ¥24,106 million year-over-year.

• Ordinary profit surged 45.1% to ¥17,338 million, aided by a significant gain on sale of investment securities.

• EPS for the nine months was ¥391.09, up from ¥268.39 in the prior year.

• Comprehensive income fell to ¥7,415 million from ¥16,728 million due to negative valuation differences on securities.

Outlook and guidance

• Full-year net sales forecast is ¥209,000 million (+2.5% YoY), with operating profit of ¥13,100 million (+9.0%) and profit attributable to owners of parent of ¥12,800 million (+35.5%).

• EPS for the full year is projected at ¥442.83.

• Dividend forecast revised upward to ¥333 per share for FY3/25.

• Management expects continued market uncertainty due to global economic and geopolitical risks.