CKD (6407) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2025, were ¥36,253 million, down 4.8% YoY; operating profit was ¥3,772 million, down 13.6%, and profit attributable to owners of parent was ¥2,477 million, down 19.1%.

• Lower Automatic Machinery sales outweighed Components growth.

• Global economic uncertainty and weak recovery in key markets, including semiconductors and rechargeable batteries, weighed on conditions.

Financial highlights

• Ordinary profit declined 18.5% YoY to ¥3,704 million; basic EPS was ¥37.09 versus ¥45.87 a year earlier.

• Gross profit was ¥10,547 million, down from ¥10,917 million; comprehensive income was ¥3,260 million, down from ¥4,424 million.

• Operating income declined ¥0.6B YoY; the bridge included sales -¥0.3B, cost-of-sales ratio +¥0.4B, SG&A -¥0.3B and FX -¥0.4B.

Outlook and guidance

• FY ending March 31, 2026 forecast unchanged: net sales ¥156,000 million, operating profit ¥19,000 million and profit attributable to owners of parent ¥13,100 million.

• Forecast operating margin is 12.2%; full-year basic EPS is ¥196.10, ordinary income ¥19.0B and estimated exchange rate ¥145/$1.

• Components forecast: net sales ¥137.0B, up 5% YoY; segment income ¥20.7B, up 14%, with a 15.1% margin.

• Automatic Machinery forecast: net sales ¥19.0B, down 25% YoY; segment income ¥3.0B, down 45%, with a 15.8% margin; orders forecast at ¥19.0B, down ¥3.0B YoY.