Yakult Honsha Co., Ltd. · TSE:2267
Yakult Honsha — Q2 2025 Earnings Presentation
15 slides from Yakult Honsha's earnings presentation, Nov 14, 2025
Slide 1: Results for the 2nd Quarter (First Six Months) Ended September 30, 2025
Results for the 2nd Quarter (First Six months) Ended September 30, 2025 First Half Results and Future Outlook Hiroshi Narita President and Representative Director Yakult Honsha Co., Ltd. November 14, 2025
Slide 2: Consolidated Results for the 2nd Quarter (First Six Months) Ended September 30, 2025
Consolidated Results for the 2nd Quarter (First Six Months) Ended September 30, 2025 (billion yen) Results Year-on-year Compared to forecast (of which, amounts resulting (announced July 29, 2025) from exchange rates*) 241.1 94.5% 97.8% Net sales (-10.9) 25.3 75.0% 93.8% Operating profit (-2.1) Ordin
Slide 3: Revision of Full-year Forecasts (Consolidated) for the Fiscal Year Ending March 31, 2026
Revision of Full-year Forecasts (Consolidated) for the Fiscal Year Ending March 31, 2026 (billion yen) Revised forecast Previous forecast Compared Year-on- (of which, amounts (announced July 29, to previous year resulting from exchange 2025) rates*) forecast 489.5 495 Net sales (+2.4) 98.9% 98.0% 48
Slide 4: Shareholder Return Policy
Shareholder Return <Policy> The Company places utmost priority on continuously increasing dividends, based on the concept of progressive dividend payment, with the total dividend determined by comprehensively considering the funding needs for future business expansion and earnings growth, as well as
Slide 5: Food & Beverage Business (Japan)
Food & Beverage Business (Japan) <No. of bottles sold for all dairy products> (Thousand bottles/day) 10,997 11,000 10,608 10,000 9,786 9,680 9,488 9,583 9,160 9,300 Year- Year- 9,000 on-year on-year 93.0% 96.1% 8,000 7,000 6,000 FYE FYE FYE FYE FYE FYE FYE FYE Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023
Slide 6: Food & Beverage Business (Japan)
Food & Beverage Business (Japan) <No. of bottles sold for Yakult 1000 series> Sales are gradually decreasing, partially as a reactionary decline (Thousand bottles/day) following the rapid increase in demand 3,500 3,191 3,010 2,970 2,980 3,000 2,555 Year- Year- 2,500 on-year on-year 2,000 97.5% 99.0%
Slide 7: Food & Beverage Business (Japan)
Food & Beverage Business (Japan) <No. of bottles sold for New Yakult series> 5,000 (Thousand bottles/day) 4,105 4,211 4,053 4,038 4,000 3,609 3,046 2,789 2,840 3,000 Year- Year- on-year on-year 2,000 89.4% 93.2% 1,000 0 FYE FYE FYE FYE FYE FYE FYE FYE Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 Mar. 202
Slide 8: Food & Beverage Business (Japan)
Food & Beverage Business (Japan) <Main activities in the second half of the fiscal year> Special packages commemorating “Guinness World Records ” certification will be rolled out sequentially “The largest lactic acid drink/lactic acid bacteria drink brand” (latest annual sales 2024) Developing multi
Slide 9: Food & Beverage Business (Overseas)
Food & Beverage Business (Overseas) <Quarterly year-on-year comparison of no. of bottles sold (total overseas)> (%) 105 102.6 103.5 103.6 101.2 101.4 100.5 100.5 100 98.8 98.9 97.4 97.5 95 91.9 91.4 90.3 90 86.7 85 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2022 FY2023 FY2024 FY2025 • Achieve
Slide 10: Food & Beverage Business (Overseas) —Status of major companies (United States)—
Food & Beverage Business (Overseas) —Status of major companies (United States)— No. of bottles sold No. of stores (Thousand bottles/day) (Stores) 25,000 900 699 723 20,000 632 664 565 Year-on- 19,272 20,463 600 15,000 18,869 year 16,277 16,931 101.1% 10,000 300 5,000 0 0 FY2021 FY2022 FY2023 FY2024
Slide 11: Food & Beverage Business (Overseas) —Status of major companies (Mexico)—
Food & Beverage Business (Overseas) —Status of major companies (Mexico)— No. of bottles sold No. of Yakult Ladies and stores 12,000 (Thousand bottles/day) No. of Yakult Ladies No. of stores (People) 40,000 (Stores) 3,838 3,958 3,968 9,692 9,700 9,758 9,816 9,696 4,000 3,684 10,000 3,438 Year-on- 30,
Slide 12: Food & Beverage Business (Overseas) —Status of major companies (Vietnam)—
Food & Beverage Business (Overseas) —Status of major companies (Vietnam)— No. of bottles sold No. of Yakult Ladies and stores (Thousand bottles/day) (People) (Stores) No. of Yakult Ladies No. of stores 1,500 1,245 1,298 3,000 2,606 100,000 2,465 1,038 Year-on- 2,500 2,238 80,000 1,000 904 year 772 2
Slide 13: Food & Beverage Business (Overseas) —Status of major companies (China)—
Food & Beverage Business (Overseas) *Aggregate of Guangzhou Yakult and Yakult (China) —Status of major companies (China*)— No. of bottles sold No. of Yakult Ladies and stores (Thousand bottles/day) 4,000 No. of Yakult Ladies No. of stores (Stores) 6,987 (People) 500,000 6,257 2,775 2,670 3,000 2,642
Slide 14: Food & Beverage Business (Overseas) —Status of major companies (Indonesia)—
Food & Beverage Business (Overseas) —Status of major companies (Indonesia)— (Thousand bottles/day) No. of bottles sold No. of Yakult Ladies and stores 7,328 7,276 15,000 No. of Yakult Ladies No. of stores 6,367 (People) 400,000 (Stores) 5,814 5,677 11,626 11,897 11,610 11,556 11,255 6,000 Year-on- 3
Slide 15: Cautionary Statement
CAUTIONARY STATEMENT Statements contained in these materials with respect to Yakult’s plans, forecasts and other statements that are not historical facts but forward- looking statements involve risks and uncertainties that could result in actual results differing substantially from expectations. The