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SMC (6273) investor relations material
SMC Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for FY26 Q1 reached ¥270.9 billion, up 35.4% year-over-year and 16.5% sequentially, driven by strong demand in semiconductor and automation sectors.
Operating profit rose to ¥73.9 billion, a 66.4% increase year-over-year and 39.6% sequentially, with ordinary profit up 86.9% to ¥91.7 billion, reflecting higher sales and foreign exchange gains.
Net profit nearly doubled year-over-year to ¥67.8 billion, with a 48.6% increase from the previous quarter.
Comprehensive income reached ¥88.8 billion, up 258.3% year-over-year, mainly due to foreign currency translation gains.
Financial highlights
Gross profit margin was 53.2%, up from 44.3% year-over-year, with gross profit for the quarter at ¥126.9 billion.
Basic earnings per share doubled to ¥1,076.01 from ¥543.79 year-over-year.
Total assets increased to ¥2,368.6 billion as of June 30, 2026, up 2.5% from March 31, 2026.
Net assets rose to ¥2,154.8 billion, with an equity-to-asset ratio of 91.0%.
Cash and deposits rose by ¥47.2 billion to ¥711.0 billion.
Outlook and guidance
FY26 net sales forecast is ¥1,000.0 billion, with operating profit projected at ¥219.0 billion and profit attributable to owners of parent of ¥170.0 billion.
Orders in July indicate continued strength in semiconductor/electric and food sectors, especially in Greater China.
Annual dividend forecast maintained at ¥1,000 per share.
No changes to previously announced forecasts.
- FY26 sales forecasted at ¥1T, driven by semiconductor demand and overseas expansion.6273
Q4 2026 - Net sales up 3.3% and comprehensive income up 35.6% on China demand and FX gains; capex at 71%.6273
Q3 2026 - Net sales rose 1.3% but profit fell 8.8% amid FX headwinds and sector recovery delays.6273
Q2 2026 - Profits fell on weak demand and FX losses, but full-year guidance is unchanged.6273
Q1 2026 - Profits fell as costs and forex losses offset stable sales; guidance was revised down.6273
Q2 2025 - Sales up 1.9% YoY, profit down 6.7%; guidance and ¥35B buyback reaffirmed.6273
Q1 2025 - Sales up, profit down; outlook strong with record capex, automation, and shareholder returns.6273
Q4 2025 - Sales rose slightly, but profits and forecasts fell amid cost and demand challenges.6273
Q3 2025
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