Yamada Holdings reports mixed first-half results, reaffirms full-year forecast

Yamada Holdings reported a 0.5% year-on-year increase in net sales, reaching 800,099 million yen for the six months ended September 30, 2025. Operating profit decreased 6.7% to 21,671 million yen, while ordinary profit declined 3.4% to 23,995 million yen. However, profit attributable to owners of parent edged up 0.1% to 12,780 million yen. Basic earnings per share for the period stood at 18.73 yen.

The company's total assets were 1,334,100 million yen as of September 30, 2025, a 9,120 million yen increase from March 31, 2025, primarily due to higher merchandise and finished goods. Net assets decreased by 4,506 million yen to 640,769 million yen, mainly influenced by an increase in treasury shares, resulting in an equity-to-asset ratio of 47.4%.

Yamada Holdings confirmed its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026. It anticipates net sales of 1,697,500 million yen, operating profit of 48,900 million yen, and profit attributable to owners of parent of 27,300 million yen, with basic earnings per share projected at 40.40 yen. No revisions were made to previously announced dividend forecasts.