Yoshinoya Holdings (9861) Q2 2026 earnings summary

Executive summary

• Net sales for the interim period reached ¥110.4 billion, up 11.2% year-over-year, with operating profit at ¥4.4 billion, the highest since FY2004 and up 19.5% year-over-year.

• Profit attributable to owners rose 19.5% to ¥2.64 billion.

• Same-store sales grew 7.5% overall, with Yoshinoya at 9.5% and Hanamaru at 6.4% year-over-year.

• Store count increased by 13 to 2,834, driven by new model rollouts and metro-area focus.

• Comprehensive income declined to ¥1,810 million from ¥3,667 million a year earlier, mainly due to negative foreign currency translation adjustment.

Financial highlights

• Gross profit increased to ¥68,835 million from ¥64,116 million year-over-year; operating profit improved to ¥4,438 million from ¥3,713 million.

• Ordinary profit rose 21.0% year-over-year to ¥4,802 million.

• EBITDA grew to ¥8.16 billion, up 16.3% year-over-year.

• Basic earnings per share were ¥40.87, up from ¥34.22 in the prior year.

• Interim dividend set at ¥11 per share, up ¥1 year-over-year.

Outlook and guidance

• Full-year net sales forecast maintained at ¥225 billion; operating profit guidance raised to ¥8.2 billion (up ¥800 million from initial forecast).

• Net income forecast revised upward to ¥4.8 billion for the full year.

• Annual dividend forecast revised upward to ¥22.00 per share, with FY2026 dividend projected at ¥22 per share.

• Dividend policy targets stable and sustainable returns.