Nabtesco (6268) investor relations material

Executive summary

• FY2026/12 H1 sales reached 167.4 billion yen, up 16.8% year-over-year, with growth across all business segments and favorable FOREX effects.

• Operating profit rose 72.4% year-over-year to 15.8 billion yen, with margin improving to 9.5%, the second-highest since FY2021/12 H1.

• Net profit attributable to owners of the parent nearly doubled year-over-year to 12.4 billion yen.

• The hydraulic equipment business was divested and reclassified as discontinued operations, impacting comparability.

• Upward revision of full-year forecast: sales now expected at 344.0 billion yen (+5.2% vs. previous plan), operating profit at 32.6 billion yen (+17.7%).

Financial highlights

• Orders received increased 33.1% year-over-year to 198.5 billion yen.

• Basic EPS rose to 105.94 yen from 54.20 yen year-over-year.

• Profit before tax increased 124% year-over-year to 19.1 billion yen.

• Total comprehensive income reached 18.2 billion yen, up from 5.1 billion yen.

• Overseas sales ratio increased to 50.7% in H1 2026 from 48.3% in H1 2025.

Outlook and guidance

• Full-year sales forecast revised upward to 344.0 billion yen (+12% year-over-year), operating profit to 32.6 billion yen (+57% year-over-year), and net profit to 24.1 billion yen (+54% year-over-year).

• Basic EPS forecast increased to 206.20 yen.

• Dividend per share raised to 82 yen, with a share repurchase program up to 15 billion yen announced.

• Operating margin for the full year expected at 9.5%, up 2.7 points year-over-year.