In its consolidated results for the second quarter of the fiscal year ending March 2027, ヤマト reported higher operating profit, driven by improved order margins. The company raised its full-year earnings forecast and indicated that it plans to increase its dividend by ¥31.
In the overview of consolidated results for the second quarter of the fiscal year ending March 2027, revenue was ¥24.909 billion, down 5.7% year on year, while consolidated operating profit was ¥2.644 billion, up 9.3%, and the operating margin was 10.6%.
Orders received fell 7.6% to ¥28.155 billion. By category, orders for construction work declined, while orders for water-treatment plants remained firm.
For the full-year consolidated earnings forecast for the fiscal year ending March 2027, revenue is projected at ¥55.0 billion, operating profit at ¥5.3 billion, ordinary profit at ¥5.8 billion and net profit attributable to owners of the parent at ¥5.0 billion, implying a net profit margin of 9.1%. As part of its shareholder returns, the company plans to pay a dividend of ¥91, equivalent to a DOE of 4.75%, with both the payout ratio and total payout ratio expected to exceed 40%.
Major orders received included renovation work for a government office building in Tokyo and the construction of a factory and warehouse in Gunma Prefecture, both as the prime contractor, as well as renovation work at a hospital facility in Gunma Prefecture and water and sewerage renovation work in Chiba Prefecture, received as either a subcontractor or prime contractor.
By order composition on a non-consolidated basis, the company received a broad range of orders from government and private-sector customers as both prime contractor and subcontractor, with factories and warehouses representing the largest end use.