Yellow Hat reports strong Q1 with record sales and profit surge

For the three months ended June 30, 2025, Yellow Hat Ltd. reported a significant increase in net sales, reaching JPY 40,288 million, up 16.2% year-on-year. This growth was primarily attributed to the consolidation of Y International, Inc. and strong sales of expendable auto parts. Operating profit rose by 12.4% to JPY 3,504 million, while ordinary profit increased by 11.8% to JPY 3,870 million.

Profit attributable to owners of parent saw an 18.7% surge, reaching JPY 2,677 million. Basic earnings per share were JPY 30.33, calculated on the assumption of a two-for-one stock split effective April 1, 2025. The Retail Division's net sales grew by 22.7% to JPY 27,966 million, contributing significantly to the overall performance.

Despite the strong operating results, total assets decreased to JPY 180,180 million from JPY 185,535 million at March 31, 2025, mainly due to a decrease in cash and deposits. Net assets also declined to JPY 119,132 million, partly due to a decrease in retained earnings from dividends paid and the cancellation of treasury shares. The company has maintained its full-year financial forecast.