Record orders, higher margins
Yondenko Corporation (TSE: 1939) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on October 30, 2026 under Japanese GAAP. Orders rose 38.8% to ¥77,360 million, the highest on record, as the order environment stayed strong, particularly in urban areas. The company worked steadily through its large backlog while tightening process and cost control, lifting net sales 16.8% to ¥50,919 million and operating profit 73.9% to ¥6,323 million. Ordinary profit rose 69.5% to ¥6,613 million and net profit attributable to owners of the parent 71.9% to ¥4,572 million, or ¥96.57 per share against ¥56.23.
Forecast and dividend raised
Yondenko raised its FY3/2027 forecast from the figures published on April 30, citing progress through the half: net sales to ¥110,000 million (+10.6%) from ¥108,000 million and operating profit to ¥11,000 million (+24.7%) from ¥9,400 million, with ordinary profit of ¥11,500 million and net profit of ¥7,900 million. It cautioned about rising material prices, labour shortages and supply risks tied to the Middle East. The interim dividend is ¥50 against ¥32, and with ¥50 planned at year end the annual dividend rises to ¥100, up from a previous plan of ¥84 and ¥77 paid last year. Total assets fell to ¥100,393 million as receivables were collected, and the equity ratio rose to 72.4% from 68.4%.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Orders received (¥ million) | 77,360 | 55,753 | +38.8% |
| Net sales (¥ million) | 50,919 | 43,603 | +16.8% |
| Operating profit (¥ million) | 6,323 | 3,635 | +73.9% |
| Ordinary profit (¥ million) | 6,613 | 3,901 | +69.5% |
| Net profit attrib. to owners of parent (¥ million) | 4,572 | 2,659 | +71.9% |
| Comprehensive income (¥ million) | 3,629 | 3,447 | +5.3% |
| EPS (¥) | 96.57 | 56.23 | +71.7% |
| Total assets (¥ million) | 100,393 | 103,871 | -3.3% |
| Net assets (¥ million) | 72,755 | 71,199 | +2.2% |
| Equity ratio | 72.4% | 68.4% | +4.0 pt |
| FY3/2027 guidance — revenue (¥ million) | 110,000 | — | +10.6% |
| FY3/2027 guidance — operating profit (¥ million) | 11,000 | — | +24.7% |
| FY3/2027 guidance — ordinary profit (¥ million) | 11,500 | — | +23.3% |
| FY3/2027 guidance — net profit (¥ million) | 7,900 | — | +5.3% |
| Annual dividend per share (¥) | 100.00 | 77.00 | +29.9% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.