Yakult Honsha Co Ltd (YKLTF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.807 -- 00:00:03.309 This is Narita speaking. 00:00:03.309 -- 00:00:08.094 Thank you very much for joining our financial results briefing today, despite your busy 00:00:08.094 -- 00:00:10.094 schedule. 00:00:11.037 -- 00:00:16.302 First, I would like to explain the H1 results and the full year outlook, covering 00:00:16.302 -- 00:00:19.685 both our domestic and overseas businesses. 00:00:19.685 -- 00:00:24.770 Details of the financial results will be presented later by the Executive Officer 00:00:24.770 -- 00:00:30.541 in charge of accounting. Let us begin with the consolidated results for H1. 00:00:30.541 -- 00:00:35.645 Net sales and all profit levels declined year on year. 00:00:35.848 -- 00:00:42.255 By segment, our business in Japan experienced both lower sales and lower profit. 00:00:42.255 -- 00:00:47.081 This was mainly due to the sales volume of dairy products, including the Yakult 1000 00:00:47.081 -- 00:00:52.105 series, falling short of both plan and the previous year. 00:00:52.128 -- 00:00:57.534 Meanwhile, the overseas business recorded increased sales volume compared to the previous 00:00:57.534 -- 00:01:02.740 year. However, higher operating costs, such as raw material 00:01:02.740 -- 00:01:07.949 costs, personnel expenses, and marketing expenses, combined with negative 00:01:07.949 -- 00:01:13.318 foreign exchange effects, resulted in both lower sales and lower profit. 00:01:13.318 -- 00:01:19.107 As for the full-year forecast, we expect sales volumes to recover in H2. 00:01:19.107 -- 00:01:24.814 Nevertheless, considering the results of H1, we have reassessed our full-year outlook 00:01:24.814 -- 00:01:29.941 and decided to revise downward our forecasts for net sales, operating profit 00:01:29.941 -- 00:01:35.127 and ordinary profit. ...