Yodoko (5451) Q4 2025 earnings summary

Executive summary

• Net sales rose 2.2% year-over-year to ¥208,460 million, with operating profit up 15.6% to ¥13,889 million and ordinary profit up 41.8% to ¥21,551 million. Profit attributable to owners of parent surged 202.9% to ¥13,499 million, reflecting a rebound from prior year provisions.

• Total assets decreased slightly to ¥264,256 million, while net assets increased to ¥215,120 million, driven by higher retained earnings and foreign currency translation adjustments.

• Cash and cash equivalents at year-end fell to ¥50,761 million, mainly due to increased investments and dividend payments.

Financial highlights

• Gross profit increased to ¥34,149 million from ¥31,769 million year-over-year.

• Net income per share rose to ¥467.03 from ¥154.29, and net assets per share increased to ¥6,733.72.

• Operating cash flow decreased to ¥11,311 million from ¥21,521 million, while investing and financing outflows increased.

• Dividend per share for FY3/25 was ¥351, with a payout ratio of 75.2%.

Outlook and guidance

• FY3/26 consolidated net sales are forecast to decline 2.6% to ¥203,000 million, with operating profit expected to fall 17.9% to ¥11,400 million and profit attributable to owners of parent to decrease 23.0% to ¥10,400 million.

• The company expects continued global economic instability, with steel market conditions remaining uncertain due to tariffs and geopolitical risks.

• Dividend policy targets a minimum annual dividend of ¥200 per share post-share split, with a payout ratio of at least 75%.