Yuasa Trading (8074) Q2 2026 earnings summary

Executive summary

• Achieved record highs in gross profit, operating income, and ordinary income for FY2025 2Q, with net sales rising 1.0% year-over-year to ¥250,790 million and profitability improving year-over-year.

• Growth in Housing and Infrastructure segments offset delayed recovery in Manufacturing and declines in industrial and machine tools; Town Building and Building Supplies impacted by longer construction periods and sluggish public sector demand.

• Advanced growth strategy through DX promotion, sustainability initiatives, new overseas sales bases, and acquisitions in the housing exterior segment.

• Name change to "YUASA Co., Ltd." effective April 1, 2026.

Financial highlights

• FY2025 2Q net sales: ¥250.7B (+1.0% YoY); gross profit: ¥29.5B (+6.7% YoY); operating income: ¥6.2B (+13.8% YoY); ordinary income: ¥6.5B (+8.8% YoY); net income attributable to owners: ¥4.8B (+30.7% YoY).

• Comprehensive income surged 73.7% YoY to ¥6,645 million.

• Basic earnings per share rose to ¥229.25 from ¥175.57 a year earlier.

• Shareholders’ equity ratio improved to 41.5% from 37.8% at prior year-end.

• Cash and cash equivalents at period end: ¥36.5B.

Outlook and guidance

• FY2026 plan unchanged; targeting record high profit for fourth consecutive year.

• FY2025 full-year net sales forecast: ¥550B (+4.1% YoY); operating income: ¥17.7B (+12.3% YoY); net income: ¥12B (+17.2% YoY); ROE: 11.8% or more; EPS: ¥570.57.

• Dividend forecast for FY2026 is ¥190 per share, unchanged from the previous year.