JTEKT (6473) Q3 2026 earnings summary

Executive summary

• Revenue for Q3 FY2025 rose 1.3% year-over-year to ¥1,403.3B, with business profit up 34.1% to ¥46.8B and operating profit up 8.0% to ¥37.8B, driven by sales recovery in Japan and North America and cost improvements, despite unfavorable exchange rates and restructuring costs in Europe and the U.S.

• Profit attributable to owners of the parent surged 114.6% year-over-year to ¥21.3B, with comprehensive income up 36.8% to ¥53.1B.

• Upward revision of full-year FY2025 guidance for revenue and profit at all levels due to changes in assumed foreign exchange rates.

Financial highlights

• Q3 FY2025 revenue reached ¥1,403.3B, business profit was ¥46.8B, and operating profit was ¥37.8B.

• Gross profit increased to ¥210.2B from ¥196.7B year-over-year.

• Basic earnings per share rose to ¥67.07 from ¥29.00 year-over-year.

• Full-year FY2025 revenue forecast revised up to ¥1,880B; profit for the period forecast at ¥25.0B (EPS: ¥78.54).

• Profit for the period more than doubled year-over-year to ¥21.3B, up 114.6%.

Outlook and guidance

• FY2025 full-year revenue forecast raised by ¥40B to ¥1,880B; business profit forecast increased by ¥5B to ¥65B.

• Profit for the period forecast increased by ¥5B to ¥25B; EPS expected at ¥78.54.

• Annual dividend per share expected at ¥60, with a payout ratio of 76.4%.

• Exchange rate assumptions for Q4 are 155 yen/USD and 180 yen/euro.