Yamada Holdings Co., Ltd.
Notice Regarding Revision of Full-Year Earnings Guidance for the Fiscal Year Ending March 2026
Sales revised downward to 1,691 billion yen (down 0.4% from previous forecast), operating income to 16.1 billion yen (down 67.1%), and net income attributable to owners of parent to 14 billion yen (down 48.7%). Year-end dividend remains unchanged at 17 yen.
Key Figures
- Net Sales: 1,691,000 million yen (down 0.4% from previous forecast)
- Operating Income: 16,100 million yen (down 67.1% from previous forecast)
- Net Income Attributable to Owners of Parent: 14,000 million yen (down 48.7% from previous forecast)
AI要約
Details of Earnings Guidance Revision
The consolidated full-year earnings guidance for the fiscal year ending March 2026 projects net sales at 1,691 billion yen (down 0.4% from the previous forecast), remaining nearly flat; however, operating income is substantially revised downward to 16.1 billion yen (down 67.1%), ordinary income to 20 billion yen (down 61.2%), and net income attributable to owners of parent to 14 billion yen (down 48.7%). The primary factors behind the profit decline include approximately 24 billion yen profit pressure due to unplanned strategic inventory liquidation, increased upfront profit burdens associated with strengthened point reward programs, and impacts from the closure of some large-scale stores.
Improvement of Asset Efficiency and Dividend Policy
Measures to improve asset efficiency through inventory liquidation and partial asset sales are underway, with plans to sell approximately 17 billion yen of assets in the fiscal year ending March 2026 and about 10 billion yen in the fiscal year ending March 2027. The proceeds will be allocated to repay interest-bearing debt to strengthen the financial structure and reduce interest costs. The year-end dividend is planned at 17 yen per share, unchanged from the previous announcement. These measures are viewed as temporary in nature aimed at future growth, with limited impact on the financial base.
