JTEKT (6473) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, decreased 1.9% year-over-year to ¥1,385,066 million, with business profit down 36.0% to ¥34,924 million and profit attributable to owners of the parent down 72.7% to ¥9,947 million.

• The economic environment showed steady growth, but automotive market growth slowed in Japan, China, and Europe amid ongoing geopolitical and macroeconomic uncertainties.

Financial highlights

• Gross profit for the nine months was ¥196,721 million, down from ¥207,578 million year-over-year.

• Operating profit fell to ¥35,006 million from ¥57,360 million year-over-year.

• Basic earnings per share dropped to ¥29.00 from ¥106.16 year-over-year.

• Net cash provided by operating activities was ¥58,723 million, down from ¥129,804 million year-over-year.

• Cash and cash equivalents at period end were ¥153,558 million, down from ¥167,019 million at the previous fiscal year end.

Outlook and guidance

• Full-year revenue forecast revised to ¥1,860,000 million, down 1.7% year-over-year.

• Business profit forecast at ¥55,000 million (down 24.6%), profit before income taxes at ¥27,000 million (down 62.8%), and profit attributable to owners at ¥5,000 million (down 87.6%).

• Basic EPS forecast at ¥14.58 for the full year.

• Exchange rate assumptions for Q4: 150 yen/USD and 160 yen/EUR.