YAMATO Mobility & Mfg. Co.,Ltd. [7886.T]
TOKYO, May 15 (Pulse News Wire) – Yamato Mobility & Mfg. CO.,LTD.
(7886.T) reported a significant decline in sales for the fiscal year ending March 31, 2026, due to strategic shifts in its synthetic resin business and the divestiture of Chinese subsidiaries. Revenue was ¥11.558 billion compared to ¥17.9 billion in the previous fiscal year, marking a decrease of ¥6.342 billion. The company attributed the drop primarily to the sale of shares in three Chinese subsidiaries in August 2025 and additional transfers in March 2026, which led to their exclusion from consolidation. Despite these challenges, Yamato continued to invest in its electric vehicle (EV) division, aiming for profitability in the second half of the upcoming fiscal year. Operating profit declined to ¥195 million from a loss of ¥441 million in the prior year, reflecting increased expenses related to EV initiatives.
In addition to the revenue reduction, Yamato faced higher general and administrative costs, rising by ¥43 million to ¥1.625 billion. However, the company remains optimistic about future growth, particularly in its EV sector, which saw modest revenues of ¥27 million in the current fiscal year but is expected to grow significantly in the coming quarters. Looking ahead, Yamato plans to focus on expanding its B-to-C business and enhancing product offerings within its synthetic resin division. The company also intends to strengthen its logistics equipment business through high-value products and targeted marketing efforts. Yamato's management views the EV division as a key driver of future growth, targeting sales of up to ¥4 billion and operating profits of ¥108 million in the next fiscal year.
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