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Takeuchi Mfg (6432) investor relations material
Takeuchi Mfg Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the nine months ended November FY2025 rose 3.9% year-over-year to ¥172,833 million, driven by strong sales in Europe and Asia/Oceania, despite weaker excavator sales in the US.
Operating profit for the nine months declined 7.0% year-over-year to ¥31,434 million, mainly due to increased US tariffs and adverse foreign exchange effects, but full-year operating profit is forecasted to rise 2.3% to ¥38,000 million.
Ordinary profit increased 1.6% year-over-year to ¥32,884 million, supported by foreign exchange gains.
Profit attributable to owners of parent was nearly flat year-over-year for the nine months at ¥23,473 million, with a modest full-year increase expected, impacted by higher tax expenses.
Orders received rose 13.6% year-over-year to ¥135,955 million, but order backlog decreased significantly due to fulfillment and slower US orders in Q3.
Financial highlights
North America accounted for 57% of nine-month sales, growing 1.2% year-over-year; Europe contributed 39.8% with 6.2% growth.
Asia/Oceania and Others saw significant sales growth of 44.8% and 101.2% respectively for the nine months, led by a new Australian distributor.
Gross profit for the nine months was ¥44,976 million, down from ¥47,438 million the previous year.
Earnings per share for the period were ¥508.07, up from ¥491.78 year-over-year.
Comprehensive income fell 16.8% year-over-year to ¥19,801 million, mainly due to negative foreign currency translation adjustments.
Outlook and guidance
Full-year FY2025 net sales are forecasted at ¥223,000 million, up 4.6% year-over-year.
Operating profit is expected to reach ¥38,000 million, a 2.3% increase from the previous year.
Ordinary profit is projected to grow 4.8% year-over-year to ¥37,300 million.
Profit attributable to owners of parent is forecasted at ¥26,400 million, up 1.1% year-over-year; EPS forecasted at ¥571.44.
Exchange rate assumptions for Q4: 140 JPY/USD, 190 JPY/GBP, 164 JPY/EUR, 19.50 JPY/CNY.
- Net sales up 4.1% but operating profit down 5.9% amid cost and currency headwinds.6432
Q2 202623 Oct 2025 - Profits and sales fell on weak North American demand, but order backlog and equity ratio improved.6432
Q1 202611 Jul 2025 - Strong profit growth and higher guidance, with a major share buyback planned.6432
Q2 202513 Jun 2025 - Profits surged on strong US demand and yen depreciation, with full-year outlook maintained.6432
Q1 202513 Jun 2025 - FY2025 outlook projects robust profit and sales growth, but U.S. tariff risks remain.6432
Q4 20256 Jun 2025 - Profits surged on higher prices and weak yen, offsetting sluggish European demand.6432
Q3 20255 Jun 2025
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