JTEKT (6473) Q1 2027 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2026, rose 8.2% year-over-year to ¥491,973 million, driven by favorable foreign exchange and higher sales in North America and Asia, despite geopolitical headwinds in the Middle East.

• Business profit surged 62.1% year-over-year to ¥22,746 million, and operating profit climbed 68.6% to ¥22,811 million, supported by structural reforms and cost improvements in Europe and North America.

• Profit attributable to owners of the parent more than doubled, up 112.5% year-over-year to ¥13,833 million.

• Record-high profit forecast maintained for FY2026, with continued focus on restructuring and cost initiatives.

Financial highlights

• FY2026 Q1 revenue rose 8.2% YoY to ¥491,973 million; business profit up 62.1% to ¥22,746 million.

• Operating profit increased 68.6% YoY to ¥22,811 million; profit for the period up 112.5% YoY to ¥13,833 million.

• Gross profit increased to ¥82,525 million from ¥69,113 million year-over-year.

• Basic earnings per share rose to ¥43.45 from ¥20.45 year-over-year.

• FY2026 full-year forecast: revenue ¥1,880,000 million (+2.3% YoY), business profit ¥90,000 million (+18.9%), operating profit ¥75,000 million (+201.8%), profit for the period ¥50,000 million (+317.6%).

Outlook and guidance

• Initial record-high profit forecast maintained despite market uncertainty and geopolitical risks.

• Continued accumulation of cost improvement and restructuring benefits expected.

• FY2026 dividend forecast raised to ¥70 per share (interim ¥35, year-end ¥35), DOE 2.8%.

• No changes have been made to previously announced forecasts; exchange rate assumptions are 156 yen/USD and 181 yen/EUR.