Makino Milling Machine (6135) Q3 2026 earnings summary

Executive summary

• Orders increased 23.6% year-over-year, driven by strong demand in China and the US.

• Net sales for the nine months ended December 31, 2025, rose 12.6% year-over-year to ¥190,132 million, with operating profit up 33.6% to ¥17,676 million and profit attributable to owners of parent up 33.2% to ¥14,029 million.

• Comprehensive income surged 106.0% year-over-year to ¥27,471 million for the nine-month period.

• Significant growth in aerospace and Die & Mold sectors across multiple regions.

Financial highlights

• FY2025 3Q net sales: ¥190,132 million (+12.6% YoY); operating income: ¥17,676 million (+33.6% YoY); net income: ¥14,029 million (+33.2% YoY).

• Gross profit increased to ¥59,356 million from ¥53,381 million year-over-year, while operating profit rose to ¥17,676 million from ¥13,232 million.

• Ordinary profit reached ¥19,780 million, up from ¥14,487 million year-over-year.

• Basic earnings per share for the nine months was ¥599.82, compared to ¥447.30 in the prior year.

• Sales to Asia increased 30% YoY, with China as the main driver.

Outlook and guidance

• FY2025 full-year forecast revised upward: net sales ¥252,000 million, operating income ¥23,800 million, net income ¥19,400 million.

• Full-year net sales forecast for the fiscal year ending March 31, 2026, is ¥252,000 million, a 7.6% increase year-over-year.

• Operating profit is projected at ¥23,800 million (up 28.5%), ordinary profit at ¥25,600 million (up 27.4%), and profit attributable to owners of parent at ¥19,400 million (up 34.6%).

• Upward revision attributed to cost control and yen depreciation.

• Basic earnings per share for the full year is forecast at ¥829.35.