Yodoko (5451) Q3 2026 earnings summary

Executive summary

• Nine-month FY26 net sales were ¥148.966bn, down 5.0% YoY; operating profit fell 14.5% to ¥9.503bn and profit attributable to owners of parent fell 16.5% to ¥9.438bn.

• Lower domestic steel-sheet volumes drove weaker Japanese results; SYSCO earnings fell under U.S. tariffs, while YSS remained sluggish and PPT steady.

Financial highlights

• Ordinary profit was ¥13.485bn, down 22.2% YoY.

• Comprehensive income was ¥13.832bn, up from ¥7.415bn YoY.

• Net income per share was ¥65.25, adjusted for the 1-for-5 share split.

Outlook and guidance

• FY26 forecasts unchanged: net sales ¥199.00bn, operating profit ¥11.60bn, ordinary profit ¥17.00bn and parent-attributable profit ¥11.50bn.

• Forecast YoY declines: sales 4.5%, operating profit 16.5%, ordinary profit 21.1% and parent-attributable profit 14.8%; potential subsidiary-sale impact excluded.

• FY26 dividend plan is ¥60 per share: ¥20 interim and ¥40 year-end; forecast EPS is ¥79.49 post-split.