Yokohama Reito announces positive earnings variance in first half

Yokohama Reito (TSE:2874) today announced a positive variance between its previously announced earnings forecast and actual results for the first half of the fiscal year ending September 30, 2025. The company reported net sales of JPY 63,425 million, operating income of JPY 3,042 million, ordinary income of JPY 2,604 million, and profit attributable to owners of the parent of JPY 1,670 million, translating to earnings per share of JPY 27.60. These figures exceed the initial forecasts released on January 6, 2025, which projected net sales of JPY 68,000 million and operating income of JPY 2,200 million. The increase is attributed to steady merchandise volume and the effects of rate revisions which overcame anticipated negative impacts from depreciation costs and rising electricity charges. The full-year earnings forecast remains unchanged. In the interim, the company included an additional company in its scope of consolidation, PAX Freezer Co. Ltd. Yokohama Reito also declared a second-quarter dividend of JPY 12.00 per share.