JTEKT (6473) Q1 2026 earnings summary

Executive summary

• Revenue for the quarter ended June 30, 2025, decreased 2.0% year-over-year to ¥454,794 million, while business profit surged 63.8% to ¥14,036 million and operating profit rose 21.4% to ¥13,526 million.

• Profit attributable to owners of the parent dropped 39.8% year-over-year to ¥6,510 million, and comprehensive income turned negative at ¥(8,222) million, reflecting significant fair value losses and currency translation impacts.

• Despite robust capital investment and business confidence, the outlook is challenged by global economic uncertainties, including U.S. trade policies and slowdowns in China and Europe.

Financial highlights

• Gross profit for the quarter was ¥63,755 million, down from ¥69,113 million year-over-year; basic EPS fell to ¥20.45 from ¥31.53.

• Total assets decreased to ¥1,541,750 million from ¥1,565,391 million at the previous fiscal year-end; equity attributable to owners of the parent fell to ¥729,069 million.

• Cash and cash equivalents at quarter-end were ¥138,261 million, up from ¥119,060 million at the previous year-end.

• Net cash provided by operating activities increased to ¥36,004 million from ¥26,179 million year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥1,770,000 million, with business profit projected at ¥60,000 million and profit attributable to owners of the parent at ¥20,000 million (up 45.8% year-over-year).

• Basic earnings per share for the full year is forecast at ¥62.83; no changes to the previously announced guidance.

• Exchange rate assumptions for the remainder of the year are 140 yen/USD and 160 yen/EUR.