Notice Regarding Revision of Earnings Guidance and Dividend Forecast (Dividend Increase)

Details of Earnings Guidance Revision

Yamato Corporation has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026, projecting net sales of JPY 54,900 million (3.6% increase from previous forecast), operating income of JPY 5,300 million (26.2% increase), and net income attributable to owners of the parent of JPY 4,300 million (13.2% increase). The improvements are attributed to progress in large-scale projects, restructuring of order intake systems, promotion of industrialization, and recognition of special gains from partial sales of policy shareholdings. The non-consolidated results have also been upwardly revised, with net sales expected at JPY 47,200 million, ordinary income at JPY 5,100 million, and net income at JPY 3,900 million.

Revision of Dividend Forecast and Shareholder Return Policy

Regarding the dividend forecast, the year-end dividend for the fiscal year ending March 2026 has been revised upward from JPY 47 to JPY 56 per share, an increase of JPY 9. This reflects the upward revision of earnings guidance and the company’s financial condition, aligning with the mid-term management plan targeting a consolidated dividend payout ratio of 30% or higher, demonstrating stronger shareholder returns. The dividend increase proposal will be submitted at the 81st Annual General Meeting of Shareholders scheduled for June 2026.