Yodoko (5451) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months ended December 31, 2025, decreased by 7,776 million yen year-over-year to 148,966 million yen, with operating profit down 1,611 million yen to 9,503 million yen and profit attributable to owners of parent down 1,864 million yen to 9,438 million yen.

• Japanese operations saw declines in sales and earnings due to lower steel sheet product volumes; overseas, sales at SYSCO (Taiwan) were flat but earnings fell due to U.S. tariffs, while YSS (China) saw sluggish recovery and PPT (Thailand) remained steady.

Financial highlights

• Net sales: 148,966 million yen (down 5.0% year-over-year).

• Operating profit: 9,503 million yen (down 14.5% year-over-year).

• Ordinary profit: 13,485 million yen (down 22.2% year-over-year).

• Profit attributable to owners of parent: 9,438 million yen (down 16.5% year-over-year).

• Net income per share: 65.25 yen (adjusted for 1-to-5 share split).

• Comprehensive income: 13,832 million yen (up from 7,415 million yen year-over-year).

Outlook and guidance

• Full-year forecast: Net sales of 199,000 million yen (down 4.5% year-over-year), operating profit of 11,600 million yen (down 16.5%), ordinary profit of 17,000 million yen (down 21.1%), and profit attributable to owners of parent of 11,500 million yen (down 14.8%).

• Net income per share forecast: 79.49 yen (reflecting share split).

• No revisions to previously announced forecasts; impact of potential subsidiary sale not yet included.