Yodoko (5451) Q3 2025 earnings summary

Executive summary

• Nine-month net sales rose 2.1% YoY to ¥156,742 million; operating profit increased 24.3% to ¥11,114 million and ordinary profit rose 45.1% to ¥17,338 million.

• Earnings benefited from value-added steel products and cost management, while gains on investment-security sales lifted ordinary profit.

Financial highlights

• Profit attributable to owners of parent increased 45.8% to ¥11,303 million; EPS was ¥391.09 versus ¥268.39.

• Gross profit rose to ¥25,525 million from ¥24,106 million; SG&A declined to ¥14,410 million from ¥15,160 million.

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

Outlook and guidance

• FY3/25 forecast: net sales ¥209,000 million, operating profit ¥13,100 million, ordinary profit ¥20,600 million and profit attributable to owners of parent ¥12,800 million.

• Revised forecast implies YoY increases of 2.5% in sales, 9.0% in operating profit and 35.5% in ordinary profit; non-consolidated sales volume is expected to exceed the previous forecast.

• Full-year EPS is projected at ¥442.83; the planned dividend is ¥333 per share, including ¥100 interim and ¥233 year-end.

• Market uncertainty is expected to persist amid global economic and geopolitical risks.