DMG Mori (6141) Q2 2026 earnings summary

Executive summary

• Orders for Jan-Jun 2026 reached JPY 335.2 bn, up 34.8% YoY, marking a record high for a half-year period, with a balanced mix across MX and BX machines and strong MRO, spare parts, and engineering growth.

• Sales revenue for the first half was JPY 276.7 bn, up 21.6% YoY, driven by strong demand from aerospace, defense, energy, shipbuilding, semiconductor, and medical sectors.

• Operating profit increased 43.0% YoY to JPY 9.3 bn, with net profit attributable to owners at JPY 4.4 bn (+112.5% YoY).

• Group companies, especially Magnescale and SAKI, contributed significantly to order growth in semiconductor and electronics inspection systems.

• Sustainability initiatives were recognized with an A List for climate action and an “A” rating for water risk management.

Financial highlights

• EBITDA for Jan-Jun 2026 was JPY 27.8 bn (+21.1% YoY), with an EBITDA margin of 10.1%.

• EBIT rose to JPY 9.3 bn (+43.0% YoY), with an EBIT margin of 3.4%.

• Comprehensive income for the period reached JPY 11.0 bn, up from JPY 2.6 bn a year earlier.

• Basic earnings per share increased to 23.09 yen from 7.94 yen YoY.

• Average machine order price per unit was JPY 81.8 mil, maintaining a high level.

Outlook and guidance

• FY2026 order forecast revised up to JPY 630.0 bn, sales revenue to JPY 580.0 bn, and EBIT to JPY 30.0 bn.

• EBITDA margin forecast at 11.6%, EBIT margin at 5.2%, and EAT at JPY 15.5 bn.

• Dividend per share remains unchanged at JPY 105.

• Exchange rates for FY2026 forecast: JPY 154.1/USD, JPY 182.3/EUR.