Daifuku (6383) Q1 2026 earnings summary

Executive summary

• Record highs for sales, operating income, ordinary income, and net income attributable to shareholders in Q1 FY2025 compared to the same quarter last year.

• Net sales rose 10.5% year-over-year to ¥160.2 billion; operating income increased 41.6% to ¥23.2 billion.

• Net income attributable to shareholders increased to ¥16.9 billion from ¥12.9 billion year-over-year.

• Orders received declined 22.1% year-over-year to ¥143.1 billion, mainly due to a fall in airport systems and lower intralogistics and automotive orders.

• Comprehensive income declined to ¥6.1 billion from ¥21.5 billion, mainly due to negative foreign currency translation adjustments.

Financial highlights

• Net income per share increased 32.0% to ¥45.86 (diluted: ¥43.73).

• Free cash flow was ¥11.9 billion, up from ¥10.3 billion in the prior year.

• Cash and cash equivalents at period end were ¥211.9 billion, up ¥72.5 billion year-over-year.

• Total assets decreased by ¥11.9 billion to ¥676.7 billion as of March 31, 2025.

• Equity ratio stood at 58.0%, slightly up from 57.8% at the previous year-end.

Outlook and guidance

• Full-year FY2025 guidance: orders ¥700.0 billion, net sales ¥650.0 billion, operating income ¥81.5 billion, net income attributable to shareholders ¥65.0 billion, and EPS ¥176.78.

• H1 FY2025 orders and net sales forecasts revised downward due to project delays, but full-year guidance remains unchanged.

• Dividend forecast for FY2025 is ¥64.00 per share (interim: ¥32.00, year-end: ¥32.00).

• Delays in some projects expected to be resolved in H2, supporting unchanged full-year outlook.

• Management revised the latest consolidated earnings forecast.