Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese Standards] (Consolidated)

Performance Overview

For the consolidated results of the 3rd quarter of the fiscal year ending March 2026, net sales increased slightly to JPY 1,208.041 billion (1.2% YoY increase), while operating income decreased to JPY 35.054 billion (10.9% YoY decrease), ordinary income decreased to JPY 38.354 billion (10.9% YoY decrease), and net income attributable to owners of parent declined to JPY 22.202 billion (12.6% YoY decrease). The Electric segment posted significant sales growth in the 3rd quarter, but the Housing segment was impacted by delays in housing starts and completions due to the enforcement of the revised Building Standards Act and the Building Energy Conservation Act.

Segment Performance and Outlook

The Electric segment reported net sales of JPY 981.441 billion (0.1% YoY increase) and operating income of JPY 30.092 billion (13.4% YoY decrease); despite the earnings decline due to point incentive measures, a recovery is expected in the 4th quarter. The Housing segment recorded net sales of JPY 206.488 billion (3.6% YoY increase) and operating income of JPY 2.373 billion (12.0% YoY increase); although Yamada Homes faced delays in home starts, orders remain strong and revenue growth is expected in upcoming periods. The Finance, Environment, and Other segments also showed trends of increasing sales and profits. There are no revisions to the full-year earnings guidance for the fiscal year ending March 2026.