Yamazen (8051) Q4 2026 earnings summary

Executive summary

• Net sales rose 5.0% year-over-year to 541,885 million yen, driven by strong overseas capital investment and robust demand for housing equipment.

• Operating profit increased 26.3% year-over-year to 12,041 million yen, as gross profit growth outpaced higher SG&A expenses.

• Profit attributable to owners of parent grew 18.9% year-over-year to 9,330 million yen.

• Comprehensive income surged 253.2% year-over-year to 16,582 million yen, reflecting strong operational and non-operational gains.

Financial highlights

• Gross profit reached 83,028 million yen, up 7.9% year-over-year, with gross profit margin improving by 0.4pt to 15.3%.

• Ordinary profit climbed 29.9% year-over-year to 13,010 million yen.

• EPS increased by 18.83 yen to 109.46 yen; BPS rose by 131.55 yen to 1,612.56 yen.

• ROE improved by 1.0pt to 7.0%; ROA rose by 0.6pt to 4.0%.

• Cash and cash equivalents at year-end rose to 109,981 million yen, up from 74,841 million yen.

Outlook and guidance

• FY2026 net sales forecasted at 570,000 million yen (+5.2% YoY), operating profit at 13,300 million yen (+10.4% YoY), and ordinary profit at 13,800 million yen (+6.1% YoY).

• Profit attributable to owners of parent is expected to decrease 3.5% to 9,000 million yen; basic EPS forecast at 104.55 yen.

• Medium-term plan targets FY2027 net sales of 600,000 million yen and operating profit of 16,000 million yen.