NTN (6472) Q3 2026 earnings summary

Executive summary

• Net sales for FY2025 Q1-3 were ¥603.3 billion, down 2.0% year-over-year, while operating income rose 35.8% to ¥19.3 billion and ordinary income increased 141.5% to ¥14.0 billion; profit attributable to owners of parent was ¥3.7 billion, reversing a prior-year loss.

• Comprehensive income reached ¥29.7 billion, a significant improvement from a loss of ¥1.8 billion in the previous year.

• Sales growth in industrial machinery and aftermarket was offset by declines in automotive, especially in Japan.

• Cost reductions and selling price improvements contributed to higher profits despite lower sales volume.

Financial highlights

• Operating margin improved to 3.2% for FY2025 Q1-3, up 0.9 points year-over-year.

• Gross profit increased to ¥108.8 billion from ¥104.7 billion year-over-year.

• Profit attributable to owners of parent improved by ¥12.0 billion to ¥3.7 billion year-over-year.

• Free cash flow for FY2025 Q1-3 was ¥12.6 billion, up ¥7.0 billion year-over-year.

• Annual dividend forecast is ¥11.00 per share.

Outlook and guidance

• Full-year FY2025 guidance remains unchanged: net sales ¥805.0 billion, operating income ¥26.0 billion, operating margin 3.2%.

• Profit attributable to owners of parent is forecast at a loss of ¥4.0 billion for the full year.

• Extraordinary loss for FY2025 Q1-3 was ¥3.3 billion, with a full-year plan of ¥10.0 billion.