Yamabiko Corporation
Financial Summary for the Sixth Month Ended December 2026 (Interim) [Japanese GAAP] (Consolidated)
Consolidated net sales for the six months ended December 2026 were JPY 103,782 million (up 13.7% YoY). Operating income was JPY 16,086 million (up 37.0%), and net income attributable to owners of the parent was JPY 11,578 million (up 54.2%), marking a substantial increase. Full-year forecasts have been revised upward to net sales of JPY 190.0 billion, operating income of JPY 23.0 billion, ordinary income of JPY 23.0 billion, and net income attributable to owners of the parent of JPY 16.5 billion. The dividend forecast remains at JPY 110 per share for the full year. By segment, demand for compact outdoor power equipment, general industrial machinery, and agricultural management machinery remains strong. M&A activity in Europe is progressing. An investor briefing is planned.
Key Figures
- Net sales: 103,782 million yen (YoY 13.7% increase)
- Operating income: 16,086 million yen (YoY 37.0% increase)
- Net income attributable to owners of the parent: 11,578 million yen (YoY 54.2% increase)
AI要約
Overview of Earnings
During this interim period, sales increased overall due to solid overseas operations and favorable exchange rates. In addition to strong performances in key segments—compact outdoor power equipment, general industrial machinery, and agricultural management machinery—contributions from overseas generator and floodlight businesses were sizable, leading to notable improvements in operating income, ordinary income, and net income. The full-year forecast has also been revised upward, projecting net sales of 190.0 billion yen, operating income of 23.0 billion yen, ordinary income of 23.0 billion yen, and net income attributable to owners of the parent of 16.5 billion yen, signaling a positive outlook.
Outlook and Capital Allocation
In line with the revised full-year guidance, foreign exchange assumptions have been updated (1 USD = 155 yen, 1 EUR = 180 yen), and the dividend policy remains a payout ratio of 30%, with the year-end dividend forecast unchanged. To accelerate expansion in Europe, the company is strengthening its local strategy centered on PPK. The consolidation of PPK as a subsidiary as of July 31, 2026 is expected to become a growth driver by strengthening the sales framework in France.
Revenue Trend
Operating Income Trend
Net Income Attributable to Owners of the Parent – Interim Trend
Segment Revenue
Operating Margin
Full-Year Guidance Revisions
Yamabiko Co., Ltd.
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