Notice on Formulation of Medium-Term Management Plan (2026–2028)

Overview of the Medium-Term Management Plan

Yamato Co., Ltd. has formulated a three-year medium-term management plan (2026–2028) with the fiscal year ending March 2027 as the first year. Centered on construction products, aiming to realize its long-term vision for 2035, the company will actively promote the operation of “Yamato Techno Park,” which automates and roboticizes steel frame and equipment processing while improving transportation efficiency. It will also establish a construction management system and improve productivity through DX investments. During Phase 1 (2026–2028), a total of 9.6 billion yen will be invested in capital expenditure, human capital, and DX investment to strengthen the foundation for industrialization.

Financial and Capital Strategy and Shareholder Returns

The management targets for fiscal 2028 are net sales of 60 billion yen, ordinary income of 5.8 billion yen, and ROE above 8.0%. Cash generation will be balancedly allocated to capital expenditure, human capital investment, and shareholder returns to enhance corporate value. To reinforce shareholder returns, the dividend payout ratio will be raised from the previous 30% to 45%, and a DOE of 4.0% will be newly introduced. Taking market conditions into account, share buybacks will be flexibly considered, and policy shareholdings are planned to be reduced to below 20% of net assets by fiscal 2028.