Yoshinoya Holdings Co., Ltd. (9861) raised its full-year net profit forecast to ¥6.0 billion from ¥4.9 billion after first-half profit jumped 44.1%, and lifted its annual dividend forecast to ¥24 per share from ¥22.
Net profit attributable to owners of the parent for the six months ended Aug. 31, 2026, rose to ¥3.81 billion, beating the company's April 9 forecast of ¥2.8 billion by 36.1%. Sales grew 10.0% to ¥121.49 billion and operating profit increased 30.3% to ¥5.78 billion.
| Item | Previous forecast | Revised forecast | Change |
|---|---|---|---|
| Sales | ¥242.0 billion | ¥248.0 billion | +2.5% |
| Operating profit | ¥8.5 billion | ¥10.0 billion | +17.6% |
| Net profit | ¥4.9 billion | ¥6.0 billion | +22.4% |
The revised forecast for the year ending Feb. 28, 2027, puts earnings per share at ¥92.85, up from ¥75.71.
The company said product initiatives and customer-acquisition campaigns at its Yoshinoya chain, along with digitalization and store expansion across its businesses, pushed sales above forecast. Raw material and labor costs kept rising, but cost control and efficiency measures lifted profits above plan. It expects further cost increases from the third quarter onward to weigh on earnings, but raised the full-year outlook based on first-half results.
Group same-store sales rose 6.2% in the first half, and the store count reached 2,924.
The interim dividend for the Aug. 31, 2026, record date was raised to ¥12 per share from the forecast ¥11, for a total payout of ¥768 million. The year-end dividend forecast was also raised to ¥12 from ¥11, bringing the annual total to ¥24.
Next steps: The company plans to file its semi-annual securities report on Oct. 9, 2026. The interim dividend takes effect Nov. 9, 2026.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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