Yamato Kogyo raises full-year forecast, announces share buyback

Yamato Kogyo reported a 2.3% increase in net sales to JPY 76,180 million for the second quarter of the fiscal year ending March 2026, surpassing its previous forecast. Operating profit surged by 53.4% to JPY 1,994 million, with ordinary profit up 11.7% to JPY 27,928 million, and profit attributable to owners of parent rising 16.0% to JPY 19,133 million. This positive performance was primarily driven by increased sales volume in the domestic steel and trackwork materials segments and reduced foreign exchange losses.

Consequently, Yamato Kogyo has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026. It now projects net sales of JPY 156,000 million, operating profit of JPY 3,500 million, ordinary profit of JPY 56,000 million, and profit attributable to owners of parent of JPY 38,000 million. These revisions represent increases of JPY 9,000 million, JPY 1,500 million, JPY 6,000 million, and JPY 4,000 million, respectively, compared to the previous forecast.

In a move to implement a flexible capital policy, the company resolved to acquire up to 1,000,000 common shares for a maximum of JPY 12,000,000,000 between November 4, 2025, and March 24, 2026. Concurrently, 3,000,000 common shares will be cancelled on November 17, 2025. Additionally, director Tomofumi Osaki resigned on October 31, 2025, for personal reasons.