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Presentation materials for financial results1967YAMATO CORPORATIONConstruction and Materials

Supplementary Financial Results Information for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue, operating income, ordinary income and net income all exceeded the previous fiscal year, with revenue and operating income reaching record highs. For the fiscal year ending March 2027, the company expects higher revenue but lower operating income due to upfront investments and higher costs, and will raise its target payout ratio from 30% to 45%.

Worth reading
69In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
12.6
% (year-on-year increase in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥54,327 million+2.2%
Operating profit¥5,401 million+12.6%
Ordinary income¥6,120 million+15.8%
Net income¥4,589 million+16.7%
Operating profit margin9.9 %
Selling, general and administrative expenses¥3,270 million
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥55,000 million
Operating profit
¥4,800 million
Ordinary income
¥5,200 million
Net income
¥4,300 million
Earnings per share
¥192.08
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Steady progress on large-scale projects
    DetailsDrove revenue growth
  • Policy of prioritizing profitability
    DetailsContributed to higher operating income
  • Strategic restraint on new orders to optimize the construction structure
    DetailsDecrease in orders received
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Materials, equipment and labor costs associated with larger construction projects
    DetailsIncrease taken into account
  • Upfront investment in the Techno Park
    DetailsImpact taken into account
  • Human Capital Investment
    DetailsImpact taken into account
  • Higher oil prices
    DetailsImpact taken into account
New initiatives
  • Raise the consolidated payout ratio target from 30% to 45%
  • Newly introduce DOE
  • Upfront investment in the Techno Park
  • Human Capital Investment
Key KPIsA metric the company considers important as a management benchmark.
  • Consolidated orders received¥55,203 million
    Year-on-year (%)-7
  • Consolidated order backlog¥46,455 million
    Year-on-year (%)1.9
  • ROE10.9 %
  • Payout ratio30.4 %
  • PBR1.18 times
  • Book value per share¥1,908.83
Segment results
Building construction and civil engineering
Net Sales
¥2,690 million
Year-on-year (%)-3.6
Air conditioning and plumbing
Net Sales
¥34,804 million
Year-on-year (%)-1.7
Electrical and telecommunications
Net Sales
¥7,868 million
Year-on-year (%)10
Water treatment plants
Net Sales
¥5,524 million
Year-on-year (%)25
Refrigeration and cold storage
Net Sales
¥2,842 million
Year-on-year (%)-1
Leasing (air conditioning and plumbing)
Net Sales
¥11 million
Year-on-year (%)2.4
Commercial facility operations
Net Sales
¥585 million
Year-on-year (%)10.3
Medium-term management plan targets
Consolidated revenue
Target value¥53,000 million
Actual results¥54,327 million
Consolidated ordinary income
Target value¥3,900 million
Actual results¥6,120 million
Consolidated ROE
Target value8 %
Actual results10.9 %
Consolidated payout ratio
Target value30 %
Actual results30.4 %
Target fiscal yearFiscal year ending March 2026
Financial targets
ROE
Target valueAt least 8.0%
Actual results10.9 %
Orders received and order backlog
Orders received
¥55,203 million
Ending order backlog
¥46,455 million
Annual Dividend
¥77 per share
Payout ratio
45 % target for the fiscal year ending March 2027
Total payout ratio
40.1 % forecast for the fiscal year ending March 2027
DOE
4 % equivalent amount
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥54,327 million (YoY +2.2%)
Operating profit¥5,401 million (YoY +12.6%)
Ordinary income¥6,120 million (YoY +15.8%)
Net income¥4,589 million (YoY +16.7%)
Operating profit margin9.9 %
Selling, general and administrative expenses¥3,270 million
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥55,000 million / Operating profit ¥4,800 million / Ordinary income ¥5,200 million / Net income ¥4,300 million / Earnings per share ¥192.08
Segment resultsBuilding construction and civil engineering Net Sales ¥2,690 million / Year-on-year (%) -3.6 / Air conditioning and plumbing Net Sales ¥34,804 million / Year-on-year (%) -1.7 / Electrical and telecommunications Net Sales ¥7,868 million / Year-on-year (%) 10 / Water treatment plants Net Sales ¥5,524 million / Year-on-year (%) 25 / Refrigeration and cold storage Net Sales ¥2,842 million / Year-on-year (%) -1 / Leasing (air conditioning and plumbing) Net Sales ¥11 million / Year-on-year (%) 2.4 / Commercial facility operations Net Sales ¥585 million / Year-on-year (%) 10.3
Breakdown of Factors Affecting the ChangeFactors Steady progress on large-scale projects / Details Drove revenue growth, Factors Policy of prioritizing profitability / Details Contributed to higher operating income, Factors Strategic restraint on new orders to optimize the construction structure / Details Decrease in orders received
Key KPIsConsolidated orders received ¥55,203 million, Consolidated order backlog ¥46,455 million, ROE 10.9 %, Payout ratio 30.4 %, PBR 1.18 times, Book value per share ¥1,908.83
Assumptions Underlying the Business OutlookItem Materials, equipment and labor costs associated with larger construction projects / Details Increase taken into account, Item Upfront investment in the Techno Park / Details Impact taken into account, Item Human Capital Investment / Details Impact taken into account, Item Higher oil prices / Details Impact taken into account
Medium-term management plan targetsConsolidated revenue Target value ¥53,000 million / Actual results ¥54,327 million / Consolidated ordinary income Target value ¥3,900 million / Actual results ¥6,120 million / Consolidated ROE Target value 8 % / Actual results 10.9 % / Consolidated payout ratio Target value 30 % / Actual results 30.4 % / Target fiscal year Fiscal year ending March 2026
Financial targetsROE Target value At least 8.0% / Actual results 10.9 % / Equity ratio Not disclosed / Debt-to-equity ratio Not disclosed / ROIC Not disclosed
Annual Dividend¥77 per share
Payout ratio45 % (target for the fiscal year ending March 2027)
Orders received and order backlogOrders received ¥55,203 million / Ending order backlog ¥46,455 million
New initiativesRaise the consolidated payout ratio target from 30% to 45%, Newly introduce DOE, Upfront investment in the Techno Park, Human Capital Investment
Items this document does not state (12)
Gross profitResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For the fiscal year ended March 2026, steady progress on large-scale projects drove revenue growth, while the policy of prioritizing profitability contributed to higher operating income. For the fiscal year ending March 2027, the company expects higher materials, equipment and labor costs associated with larger construction projects, upfront investment in the Techno Park, human capital investment and the impact of higher crude oil prices.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Financial Results Information for the Fiscal Year Ending March 2026 | YAMATO CORPORATION (1967) timely disclosure | Komori