Makino Milling Machine (6135) Q1 2026 earnings summary

Executive summary

• Net sales for FY2025 1Q rose 6.8% year-over-year to 55,397 million JPY, driven by strong performance in Asia and steady demand in key industries.

• Operating income increased 8.2% year-over-year to 3,201 million JPY.

• Profit attributable to owners dropped 61.5% year-over-year to 1,247 million JPY, mainly due to extraordinary losses.

• Orders rose 6.6% from FY2024 1Q, mainly due to growth in China and significant increases in Die & Mold sector.

• Comprehensive income turned negative at (279) million JPY, compared to 9,825 million JPY in the prior year.

Financial highlights

• FY2025 1Q net sales: 55,397 million JPY (+6.8% YoY); operating income: 3,201 million JPY (+8.2% YoY).

• Net income attributable to owners: 1,247 million JPY (-61.5% YoY), reflecting a significant decline.

• Gross profit for the quarter was 15,883 million JPY, up slightly from 15,813 million JPY year-over-year.

• Operating cash flow increased to 16,734 million JPY from 6,986 million JPY in the prior year.

• Exchange rate fluctuations negatively impacted sales by 2,325 million JPY and operating income by 501 million JPY.

Outlook and guidance

• FY2025 full-year net sales forecast: 240,000 million JPY; operating income: 21,500–22,000 million JPY (9.0% margin).

• Net income for the full year projected at 18,000 million JPY (7.5% margin).

• Basic earnings per share for the full year is expected to be 769.61 JPY.

• No dividend is forecast for the fiscal year ending March 31, 2026.