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Nabtesco (6268) investor relations material
Nabtesco Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2025 net sales rose 9.8% year-over-year to 307.9 billion yen, with operating profit up 60% to 20.7 billion yen and margin improving to 6.7%.
Net income attributable to owners increased 55% to 15.7 billion yen; basic EPS rose to 131.56 yen.
Strategic restructuring included the split and sale of the hydraulic equipment business and withdrawal from unprofitable overseas operations.
Project 10 and portfolio optimization initiatives drove profitability improvements, with further growth targeted in CMP and TRS segments.
The hydraulic equipment business was classified as a discontinued operation from Q3, impacting segment reporting.
Financial highlights
Gross profit improved to 93.8 billion yen, and total comprehensive income increased to 23.6 billion yen.
ROIC improved to 4.4%, ROE to 5.8%, and operating margin to 6.7%.
FY2026 forecast: sales up 6% to 327.0 billion yen, operating profit up 34% to 27.7 billion yen, OPM to 8.5%.
Dividend per share planned to increase to 85 yen in 2025 and 90 yen in 2026.
Cash flows from operating activities increased to 32.8 billion yen; cash and cash equivalents at year-end were 73.3 billion yen.
Outlook and guidance
FY2026 expects continued profit growth, with net income forecast to rise 12% and EPS to 150.19 yen.
All major business segments are projected to see sales and operating income growth, especially component and transport solutions.
CMP segment to benefit from recovery in industrial robot demand and expansion into semiconductor and logistics markets.
TRS segment to see growth from defense and commercial aircraft, and strong marine vessel demand.
ACB and MFR segments anticipate stable or improved sales and margins, supported by MRO and new product launches.
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