Yamato Kogyo Co., Ltd. (5444) on Nov. 2 raised its net profit forecast for the fiscal year ending March 2027 to ¥62.0 billion from ¥57.5 billion and lifted its annual dividend forecast to ¥420 per share from ¥400.
For the April-September first half, net sales rose 10.3% from a year earlier to ¥84.0 billion, while operating profit fell 88.7% to ¥224 million, short of the company's July 31 forecast of ¥800 million. Ordinary profit rose 65.0% to ¥46.1 billion, and net profit attributable to owners of the parent rose 44.0% to ¥27.6 billion.
The company attributed the operating profit shortfall mainly to weaker earnings at the steel business of its domestic consolidated subsidiary, including an inventory write-down under the lower-of-cost method. The Japan steel segment posted a segment loss of ¥3.0 billion on sales of ¥20.7 billion; Yamato Steel halted operations for two months in May and June for preparatory work ahead of a rolling-mill upgrade.
For the full year, the company cut its operating profit forecast, factoring in tough conditions at the domestic steel business and a recovery expected to take longer than planned. It raised its ordinary and net profit forecasts, citing the continued weak yen and results at its U.S. equity-method affiliate running further ahead of expectations. The new net profit forecast is 0.6% below the prior year's ¥62.4 billion.
| Item | Previous | Revised |
|---|---|---|
| Net sales | ¥178.0 billion | ¥180.0 billion |
| Operating profit | ¥3.2 billion | ¥2.2 billion |
| Ordinary profit | ¥87.0 billion | ¥95.5 billion |
| Net profit | ¥57.5 billion | ¥62.0 billion |
The board approved an interim dividend of ¥210 per share, up from the earlier forecast of ¥200, for a total payout of ¥12.7 billion. The year-end dividend forecast was raised to ¥210 from ¥200, bringing the annual total to ¥420, compared with ¥400 for the previous fiscal year.
The interim dividend is scheduled to be paid from Dec. 3, 2026, and the company plans to file its semiannual report on Nov. 13, 2026.
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| Shares allotted (all treasury stock) | 250,000 shares |
| Wise Holdings Co., Ltd. | |
| FY net profit forecast | ¥450 million (from ¥371 million) |
| Macnica Holdings, Inc. | |
| FY net profit forecast | ¥46.0 billion (from ¥32.0 billion) |
| Komatsu Matere | |
| Operating profit forecast | ¥2.6 billion (from ¥1.5 billion) |
| Yamato Kogyo Co., Ltd. | |
| FY net profit forecast | ¥62.0 billion (from ¥57.5 billion) |
| T.RAD Co., Ltd. | |
| FY net profit forecast | ¥8.6 billion (prev. ¥9.5 billion) |
| Nippon Ham | |
| FY business profit forecast | ¥50.0 billion (from ¥61.0 billion) |
| Toukei Densan | |
| FY net profit forecast (revised) | ¥8.32 billion |
| M&A / TOB | 9 |
| Guidance | 31 |
| Buybacks | 12 |
| Dividends | 3 |
| Capital | 32 |
| Earnings | 51 |
| People | 1 |
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