Japan · Delayed Price · Currency is JPY Yakult Honsha Earnings Call Transcripts
Fiscal Year 2027
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Revenue increased year-over-year, driven by strong overseas performance and a weaker yen, but operating profit declined due to domestic sales weakness and higher costs. Share buybacks and extraordinary gains boosted net income, while forecasts remain unchanged amid global uncertainties.
Fiscal Year 2026
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Sales and profit declined year-over-year due to domestic weakness and FX impacts, but overseas sales volumes are recovering. The company is executing major share buybacks, investing in growth, and targeting improved ROE, while facing ongoing cost pressures and launching new product strategies.
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Net sales and profits declined year-over-year due to yen appreciation and higher costs, with Japan's dairy segment underperforming while overseas sales volumes grew but faced FX headwinds. Full-year guidance remains unchanged, and overseas recovery is strengthening.
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H1 saw declines in sales and profit due to weak domestic demand, higher costs, and FX headwinds, but overseas sales volumes grew. Full-year forecasts were revised downward, though new products and campaigns are expected to drive H2 recovery.
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Sales and profit declined year-over-year due to lower domestic dairy sales and yen appreciation, which also led to a downward revision of the full-year forecast. Overseas volume growth was offset by currency headwinds, while cost pressures persisted.
Fiscal Year 2025
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Net sales and profit declined year-over-year, mainly due to domestic underperformance, while overseas markets, especially the Americas and Vietnam, showed growth. New low-sugar products and expanded capacity are expected to drive recovery, with increased dividends and share buybacks planned.