Makino Milling Machine (6135) Q3 2025 earnings summary

Executive summary

• Orders for the first three quarters reached ¥169.6 billion, up 6.2% year-over-year, with strong contributions from the US and aerospace sectors.

• Net sales for the nine months ended December 31, 2024, increased by 3.6% year-over-year to ¥168.8 billion.

• Operating income rose 8.8% to ¥13.2 billion, and ordinary income grew 4.7% to ¥14.5 billion year-over-year.

• Profit attributable to owners of parent declined 6.6% year-over-year to ¥10.5 billion.

• Comprehensive income decreased by 13.9% year-over-year to ¥13.3 billion.

Financial highlights

• Gross profit increased to ¥53.4 billion from ¥50.0 billion year-over-year.

• Basic earnings per share for the nine months was ¥447.30, down from ¥472.20 in the prior year.

• Total assets as of December 31, 2024, were ¥370.8 billion, up from ¥362.3 billion as of March 31, 2024.

• Net assets rose to ¥229.1 billion from ¥221.6 billion at the previous fiscal year-end.

• Cash and cash equivalents at period end were ¥73.2 billion, up from ¥67.3 billion last year.

Outlook and guidance

• Full-year sales forecast is ¥225.0 billion, with operating income projected at ¥17.0 billion and net income at ¥14.5 billion.

• Basic earnings per share for the full year is forecast at ¥619.95, a 9.3% decrease year-over-year.

• Annual dividend forecast is ¥180.00 per share, up from ¥150.00 in the previous year.

• Exchange rates assumed: USD/JPY 149.00, EUR/JPY 160.00, SGD/JPY 110.00.