Yamabiko reports strong Q3 sales, revises full-year outlook higher

Yamabiko Corporation reported a 6.4% increase in net sales for the third quarter, reaching JPY 135,317 million. This growth was primarily fueled by strong performance in Outdoor Power Equipment (OPE) in North America, benefiting from favorable weather and increased demand from home centers, alongside continued strong sales of new robotic lawnmowers in Europe. However, operating profit decreased by 2.5% to JPY 16,799 million, and net income attributable to parent company shareholders fell by 13.1% to JPY 11,668 million, impacted by IT-related investment costs for DX strategies, increased personnel expenses, and U.S. tariff policies.

The company has revised its full-year forecast, now projecting net sales of JPY 172,000 million, surpassing the medium-term management plan target. This adjustment is attributed to the impact of currency exchange rates and pricing strategies related to U.S. tariff policies. Despite maintaining the operating profit forecast at JPY 18,500 million due to tariff effects, ordinary profit and net income are expected to increase to JPY 17,500 million and JPY 13,000 million, respectively. The revised forecast uses an assumed Q4 exchange rate of $1: JPY 150 and €1: JPY 170.