Yamazen (8051) investor relations material

Executive summary

• Q3 net sales reached 398.4 billion yen, up 4.1% year-over-year, with operating profit at 8.4 billion yen, up 40.2% year-over-year, and profit attributable to owners at 6.6 billion yen, up 16.6% year-over-year.

• Comprehensive income surged 123.7% year-over-year to 11.5 billion yen for the nine-month period.

• Sales increased in all business segments except Machine Tools; gross profit rose due to strong sales and controlled SG&A expense growth.

• Progress toward full-year forecasts is strong: 75.2% of net sales and 84.8% of operating profit achieved by Q3.

Financial highlights

• Net sales: 398,455 million yen (+4.1% YoY); operating profit: 8,479 million yen (+40.2% YoY); gross profit: 60,924 million yen (+7.1% YoY); profit attributable to owners: 6,639 million yen (+16.6% YoY).

• Gross profit margin improved to 15.3% (+0.4pt YoY); operating profit margin rose to 2.1% (+0.5pt YoY).

• Ordinary profit rose 42.4% year-over-year to 9,208 million yen.

• Basic earnings per share for the nine months was 78.04 yen, up from 65.52 yen year-over-year.

• Total assets as of December 31, 2025, were 319,602 million yen, up from 292,265 million yen at the previous fiscal year-end.

Outlook and guidance

• FY2025 full-year net sales forecast at 530 billion yen (+2.7% YoY); operating profit forecast at 10 billion yen (+4.9% YoY); profit attributable to owners forecast at 7,150 million yen (-8.9% YoY); basic EPS 84.07 yen.

• No revisions to previously announced earnings or dividend forecasts.

• FY2027 targets: net sales 600 billion yen (+16.3% vs FY2024), operating profit 16 billion yen (+67.8% vs FY2024), ROE 8.0%.