Yuken Kogyo Co., Ltd.
Fiscal Year Ending March 2026 Financial Results Briefing Materials
The fiscal year ending March 2026 shows a decline in revenue and profit, but the dividend of 150 yen is maintained. Japan remains solid, China experiences deflation and weaker demand in Taiwan, and India faces revenue and profit declines due to political factors. For the fiscal year ending March 2027, demand in Japan remains resilient with JPN consolidation and a recovery in India anticipated. In Step 2 of the medium-term plan, the target is sales of 37 billion yen and ordinary income of 6 billion yen for the fiscal year ending March 2028, but ROE stands at 4.4% and payout ratio at 52.7%—indicating structural reforms are needed for growth. Growth drivers are to be the penetration of the Indian market and the introduction of globally strategic products.
Key Figures
- Sales: 3,280 million yen
- Consolidated ordinary income: 1,600 million yen
- ROE: 4.4%
- Dividends per share: 150 yen
- Capital expenditure: 21.00 hundred million yen planned for 2027 (including components)
AI要約
Overview of Results
Yuken Industry recorded revenue and profit declines in the fiscal year ending March 2026, but maintained a stable dividend of 150 yen per share. Domestic demand in Japan remains solid, while deflation in China and weaker demand across Asia including Taiwan, and early-year disruptions in India affected results. Ordinary income declined due to lower sales and forex and cost factors. In Step 2 of the medium-term plan, the target for the fiscal year ending March 2028 is sales of 37 billion yen, with operating and ordinary income around 3 billion yen each, but current ROE at 4.4% and a payout ratio of 52.7% suggest that reforms are needed for growth.
Outlook and shareholder returns
For the fiscal year ending March 2027, recovery in Japan and incorporation into JPN consolidation are expected, along with a recovery in the Indian market. China is anticipated to recover after destocking, and Taiwan is expected to see increased revenue. The dividend is expected to be preserved at 150 yen per share in line with medium- to long-term policy. Capital expenditure will continue to strengthen overseas sites and promote in-house production, and growth will be pursued through the introduction of globally strategic products.
Yuken Industry Co., Ltd.
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