Yamabiko achieves record profits, forecasts continued growth

Yamabiko Corporation (TSE: 6250) announced record financial results for the fiscal year ending December 2024, driven by robust international sales in its Outdoor Power Equipment (OPE) segment and the positive impact of cost-cutting initiatives. Revenue rose 8.9% year-over-year to ¥164.8 billion, while operating income surged 38% to ¥19.6 billion, and net income attributable to the parent company jumped 74.7% to ¥15.8 billion, all marking historical highs. For fiscal year 2025, the company anticipates continued growth, projecting revenue of ¥172 billion and operating income of ¥19 billion. Yamabiko expects ongoing expansion in North America and a recovery in European markets to fuel this growth, despite factoring in a stronger yen and increased investments in IT. The company reaffirmed its commitment to shareholder returns, including a plan to repurchase shares.