Yamada Holdings reports mixed Q2, reaffirms full-year forecast

For the six months ended September 30, 2025, Yamada Holdings reported consolidated net sales of JPY 800,099 million, a 0.5% increase year-on-year. Operating profit decreased by 6.7% to JPY 21,671 million, while ordinary profit fell 3.4% to JPY 23,995 million. Profit attributable to owners of parent saw a marginal rise of 0.1% to JPY 12,780 million. The company's total assets as of September 30, 2025, stood at JPY 1,334,100 million, with net assets at JPY 640,769 million, resulting in an equity-to-asset ratio of 47.4%.

Segment-wise, the Denki segment's sales, excluding point program impacts, were JPY 660,144 million (0.5% decrease year-on-year), with operating profit down 18.2%. The Housing segment showed strength, with sales increasing by 10.1% to JPY 139,366 million and operating profit up JPY 24,320 million. The company reaffirmed its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, expecting net sales of JPY 1,697,500 million (4.2% increase year-on-year) and profit attributable to owners of parent of JPY 27,300 million (1.4% increase year-on-year), with no revisions to the previously announced dividend forecast of JPY 17.00 per share.