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SMC (6273) investor relations material
SMC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for FY25 Q3 reached ¥609.9 billion, up 3.3% year-over-year, driven by strong demand in Greater China and recovery in Japan, North America, and South Korea.
Operating profit for FY25 Q3 was ¥137.5 billion, a 3.7% decrease year-over-year due to higher cost ratios, personnel expenses, and depreciation.
Net profit for FY25 Q3 was ¥121.6 billion, up 1.0% year-over-year.
Comprehensive income surged 35.6% year-over-year to ¥203.1 billion, supported by significant foreign currency translation gains.
Ordinary profit increased 1.8% year-over-year to ¥169.2 billion, mainly from higher foreign exchange gains.
Financial highlights
Gross profit margin for FY25 Q3 was 45.3%, slightly down from 46.1% in the prior year.
SG&A expenses increased 7.5% year-over-year to ¥138.9 billion.
Depreciation and R&D expenses rose 29.1% and 10.0% year-over-year, respectively.
Basic earnings per share increased to ¥1,916.97 from ¥1,880.28 year-over-year.
Total assets as of December 31, 2025, were ¥2,255,119 million, up 7.3% from the previous fiscal year end.
Outlook and guidance
FY25 full-year net sales forecast is ¥816.0 billion, with operating profit projected at ¥183.0 billion.
Net profit for the full year is forecast at ¥153.0 billion, with basic EPS of ¥2,406.70.
Annual dividend forecast maintained at ¥1,000 per share.
Orders for semiconductors and electric industries are expected to increase across all regions.
No changes to previously announced forecasts.
- Net sales rose 1.3% but profit fell 8.8% amid FX headwinds and sector recovery delays.6273
Q2 202613 Nov 2025 - Profits fell on weak demand and FX losses, but full-year guidance is unchanged.6273
Q1 20268 Aug 2025 - Profits fell as costs and forex losses offset stable sales; guidance was revised down.6273
Q2 202513 Jun 2025 - Sales up 1.9% YoY, profit down 6.7%; guidance and ¥35B buyback reaffirmed.6273
Q1 202513 Jun 2025 - Sales up, profit down; outlook strong with record capex, automation, and shareholder returns.6273
Q4 20256 Jun 2025 - Sales rose slightly, but profits and forecasts fell amid cost and demand challenges.6273
Q3 20255 Jun 2025
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