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66742026 Full YearPrimeJGAAP

GS Yuasa (6674) FY2026 FY Earnings Report

For FY2026 FY, revenue came to ¥609.0B (+4.9% year on year) and operating income ¥60.2B (+20.3%). The segment drivers and cash flow follow.

GS Yuasa Corporation

Electric Appliances & Precision Instruments/Electric Appliances

Financial Highlights

  • Net Sales: ¥609.00B
  • Operating Income: ¥60.17B
  • Net Income: ¥47.50B
  • EPS: ¥417.33

Income Statement

ItemCurrentPriorYoY %
Net Sales¥609.00B¥580.34B+4.9%
Cost of Sales¥453.95B¥440.86B+3.0%
Gross Profit¥155.05B¥139.48B+11.2%
SG&A Expenses¥94.88B¥89.45B+6.1%
Operating Income¥60.17B¥50.03B+20.3%
Non-operating Income¥7.50B¥6.39B+17.3%
Non-operating Expenses¥9.44B¥10.07B−6.3%
Equity Method Investment Income¥1.30B¥1.90B−31.6%
Ordinary Income¥58.23B¥46.34B+25.6%
Profit Before Tax¥62.55B¥46.94B+33.2%
Income Tax Expense¥15.04B¥13.04B+15.4%
Net Income¥47.50B¥33.90B+40.1%
Net Income Attributable to Owners¥41.86B¥30.42B+37.6%
Total Comprehensive Income¥66.64B¥31.17B+113.8%
Depreciation & Amortization¥26.63B¥24.66B+8.0%
Interest Expense¥6.70B¥4.82B+38.8%
Basic EPS¥417.33¥303.25+37.6%
Dividend Per Share¥90.00¥20.00+350.0%
Total Dividend Paid¥9.04B¥7.53B+20.0%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥313.18B¥320.22B−¥7.04B
Cash and Deposits¥36.75B¥60.79B−¥24.04B
Accounts Receivable¥111.56B¥101.95B+¥9.61B
Inventories¥73.88B¥67.70B+¥6.18B
Non-current Assets¥427.81B¥373.52B+¥54.29B
Property, Plant & Equipment¥255.04B¥219.64B+¥35.41B
Intangible Assets¥4.52B¥4.80B−¥277M
Goodwill¥485M¥813M−¥328M
Investment Securities¥79.00B¥78.43B+¥573M
Total Assets¥740.99B¥693.74B+¥47.25B
Current Liabilities¥183.68B¥186.27B−¥2.59B
Accounts Payable¥49.24B¥51.70B−¥2.46B
Short-term Loans¥38.23B¥44.26B−¥6.03B
Non-current Liabilities¥113.20B¥116.48B−¥3.27B
Long-term Loans¥29.60B¥41.40B−¥11.80B
Total Liabilities¥296.89B¥302.75B−¥5.87B
Total Equity¥444.10B¥390.99B+¥53.11B
Capital Stock¥52.84B¥52.84B¥0
Capital Surplus¥72.97B¥73.45B−¥475M
Retained Earnings¥186.79B¥153.47B+¥33.33B
Treasury Stock−¥330M−¥375M+¥45M
Owners' Equity¥394.66B¥347.05B+¥47.62B
Working Capital¥129.49B--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥49.54B¥39.30B+¥10.25B
Investing Cash Flow−¥44.90B−¥58.82B+¥13.93B
Financing Cash Flow−¥31.76B¥14.23B−¥45.99B
Free Cash Flow¥4.64B--

Profitability Ratios

ItemValue
Operating Margin9.9%
ROA (Ordinary Income)8.1%
Payout Ratio21.6%
Dividend on Equity (DOE)2.4%
Book Value Per Share¥3,934.07
Net Profit Margin6.9%
Gross Profit Margin25.5%
Current Ratio170.5%
Quick Ratio130.3%
Debt-to-Equity Ratio0.67x
Interest Coverage Ratio8.98x
EBITDA Margin14.3%
Effective Tax Rate24.0%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+4.9%
Operating Income YoY Change+20.3%
Ordinary Income YoY Change+25.6%
Profit Before Tax YoY Change+33.2%
Net Income YoY Change+12.0%
Net Income Attributable to Owners YoY Change+37.6%
Total Comprehensive Income YoY Change+113.8%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)100.45M shares
Treasury Stock127K shares
Average Shares Outstanding100.31M shares
Book Value Per Share¥4,426.84
EBITDA¥86.80B

Dividend Information

ItemAmount
Q2 Dividend¥30.00
Year-End Dividend¥60.00

Segment Information

SegmentRevenueOperating Income
AutomotiveBatteries¥372.52B¥36.17B
AutomotiveLithiumIonBatteries¥89.93B¥4.93B
DomesticOperations¥108.01B¥11.68B
IndustrialBatteriesAndPowerSupplies¥124.09B¥18.41B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥22.45B¥1.50B
OverseasOperations¥264.51B¥24.48B

Full Year Forecast

ItemForecast
Net Sales Forecast¥660.00B
Operating Income Forecast¥60.00B
Ordinary Income Forecast¥56.00B
Net Income Attributable to Owners Forecast¥36.00B
Basic EPS Forecast¥358.88
Dividend Per Share Forecast¥98.00