Yoshinoya Holdings (9861) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 10.0% YoY to ¥121.494bn; operating profit increased 30.3% to ¥5.782bn and parent-attributable profit rose 44.1% to ¥3.810bn.

• Group-wide same-store sales reached 106.2% YoY; store count increased by 38 from FY2025 year-end to 2,924.

• Full-year forecasts for sales and profits were raised, and the annual dividend forecast increased to ¥24 per share.

Financial highlights

• Gross profit increased to ¥75.640bn from ¥68.835bn, while SG&A rose to ¥69.857bn from ¥64.396bn.

• Ordinary profit rose 29.6% to ¥6.222bn; EBITDA reached ¥9.725bn, up 19.2%.

• Profit before income taxes was ¥6.274bn versus ¥4.532bn; comprehensive income was ¥4.364bn versus ¥1.810bn.

• Operating cash flow was ¥9.853bn, versus ¥5.290bn; cash and cash equivalents ended the period at ¥25.868bn.

Outlook and guidance

• FY2027 forecasts rose to ¥248.0bn net sales, ¥10.0bn operating profit, ¥10.4bn ordinary profit and ¥6.0bn parent-attributable profit.

• Full-year EBITDA forecast increased to ¥18.7bn from ¥17.2bn; forecast basic EPS is ¥92.85.

• Second-half performance is expected to exceed the initial forecast despite unplanned cost increases.

• Annual dividend forecast increased ¥2 to ¥24 per share; the interim dividend was raised ¥1 to ¥12.