Yamada Holdings Co., Ltd. – Second Quarter (Interim) Financial Summary

Overview of Results

Yamada Holdings Co., Ltd. achieved significant profit growth in the interim period of the fiscal year ending March 2027, with net sales of 880,247 million yen, operating income of 28,624 million yen, ordinary income of 30,090 million yen, and interim net income attributable to owners of parent of 21,562 million yen compared with the same period last year. By segment, increases in both sales and profits were observed in Electronics, Housing & Construction, Environment, Financial Services, and Others. In particular, the Electronics segment benefited from tailwinds in air conditioner demand and the strengthened rollout of private brand (PB) / SPA products. Supplementary materials for the earnings release will be prepared and an earnings briefing will be held.

Outlook and Capital Policy

The full-year earnings forecast for the fiscal year ending March 2027 has been revised and published, reflecting progress in the asset disposal project. The company plans to sell non-core assets to improve total asset turnover and enhance capital efficiency, targeting early achievement of a PBR above 1.0x. Progress on the integration with EDION, as well as store reform and e-commerce enhancement, are being promoted as part of a strategy for sustainable growth. The dividend policy is based on a consolidated payout ratio of 40% or more, while balancing retained earnings and growth investments.