JTEKT (6473) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 FY2025 rose 1.3% year-over-year to ¥930.1B, driven by sales recovery in Japan and North America despite unfavorable exchange rates.

• Business profit increased 29.3% year-over-year to ¥33.1B, with cost improvements offsetting U.S. tariffs and exchange rate impacts.

• Profit for the period nearly doubled year-over-year to ¥12.1B, supported by higher business profit and financial income, despite structural reform costs.

• The business environment remained resilient despite concerns over U.S. trade policies and exchange rate fluctuations.

Financial highlights

• Q2 FY2025 revenue: ¥930.1B (+1.3% YoY); business profit: ¥33.1B (+29.3% YoY); operating profit: ¥26.0B (+2.0% YoY); profit for the period: ¥12.1B (+95.2% YoY).

• Basic earnings per share increased from ¥18.17 to ¥38.21 year-over-year.

• Free cash flow improved from -¥18.3B to ¥2.4B year-over-year.

• Gross profit increased to ¥142.6B from ¥132.7B year-over-year.

• Comprehensive income for the period was ¥12.9B, up from ¥2.8B year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥1.84T, reflecting updated exchange rate assumptions and customer demand.

• Full-year profit attributable to owners of the parent forecast at ¥20.0B, up 45.8% year-over-year.

• Business profit forecast remains at ¥60B, reflecting risks of delayed U.S. tariff recovery.

• Basic earnings per share for the full year projected at ¥62.83.

• Expected annual dividend per share for FY2025 is ¥60 (DOE 2.6%).