Amada (6113) Q4 2025 earnings summary

Executive summary

• FY2024 sales revenue declined 1.7% year-over-year to ¥396.6–396.7bn, with operating profit down 13.2% to ¥49.0–49.1bn and net income attributable to owners of parent down 20.3% to ¥32.3–32.4bn.

• Overseas sales accounted for 63.6% of total revenue, with North America and Europe as key markets; North America achieved record highs.

• Orders decreased 2.2% year-over-year to ¥372.8bn, with both orders received and outstanding orders down, though North America posted record Q4 revenues.

Financial highlights

• Gross profit was ¥172.3bn, gross margin 43.5%, and basic EPS fell to ¥98.72.

• SG&A expenses increased 4.7% year-over-year to ¥124.7bn.

• Cash and cash equivalents at year-end rose to ¥104.8bn from ¥93.4bn.

• Dividend per share was ¥62, with a payout ratio of 62.8–64.3%.

• Inventory volume decreased by ¥15.1bn (–10.3%) year-over-year, with turnover at 4.0 months.

Outlook and guidance

• FY2025/FY2026 revenue is forecast at ¥405.0bn (+2.1% YoY), with operating profit expected to decline 8.3% to ¥45.0bn and net income projected at ¥31.0bn (–4.3% YoY).

• Orders are expected to rise 7.3% to ¥400.0bn.

• Dividend forecast remains at ¥62.00 per share, payout ratio projected at 64.3%.

• The forecast reflects potential demand declines due to tariffs, rising costs, and price pass-through in the U.S.