Yamato Corporation
Notice Regarding Revision of Earnings Guidance and Dividend Forecast (Dividend Increase)
Revised upward the full-year consolidated and non-consolidated earnings guidance for the fiscal year ending March 2027. Consolidated net sales remain unchanged from the previous forecast, while operating income, ordinary income and net income attributable to owners of the parent are expected to exceed prior projections. Year-end dividend revised upward by 14 yen to 91 yen. Targets set at consolidated payout ratio 45% and DOE 4.0%.
Key Figures
- Net Sales: 55,000 million yen (consolidated / same as previous forecast)
- Operating Income: 5,300 million yen (+500 million yen)
- Ordinary Income: 5,800 million yen (+600 million yen)
AI要約
Details of the Revision to Earnings Guidance
On a consolidated basis, net sales remain unchanged from the previously announced forecast, while operating income, ordinary income and net income attributable to owners of the parent are expected to be revised upward. Factors include improvement in order profit margins, reduction in construction cost ratios, and recognition of gains on sales of policy-held securities, leading to net profit levels expected to exceed the prior fiscal year. On a non-consolidated basis, profits are also expected to be higher, and there is a possibility of recording special gains associated with the absorption-type merger of a wholly owned subsidiary.
Dividend Policy and Future Outlook
The dividend forecast has been revised: the year-end dividend is increased from the previous forecast of 77 yen to 91 yen. The medium- to long-term targets for dividends are a consolidated payout ratio of 45% and DOE of 4.0%. The Company indicates a policy to balance growth investment and shareholder returns while maintaining financial soundness, and expects to continue stable shareholder returns through the fiscal years ending March 2027 to March 2029.
Yamato Corporation
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