Yamato Kogyo's FY25 profits plunge amidst challenging market conditions

Yamato Kogyo (TSE:5444) reported its fiscal year 2025 results, showing a 2.9% increase in net sales to JPY168.268 billion, but a sharp decline in profitability. Operating profit plummeted 33.5% to JPY11.493 billion, and profit attributable to owners of parent decreased by 54.5% to JPY31.833 billion. The company attributes the decline to protracted weakness in China's domestic demand and intensifying competition, in addition to an equity loss of affiliates due to the impairment in the Middle East.