Okuma (6103) Q2 2026 earnings summary

Executive summary

• Consolidated sales reached ¥105.2 billion, up 10.5% year-over-year, driven by expanded production and strong demand from major corporations in aerospace, defense, and energy sectors.

• Operating income rose 7.7% year-over-year to ¥6.1 billion, with an operating margin of 5.8%.

• Orders increased 12.6% year-over-year to ¥111.8 billion, maintaining a large backlog of ¥103 billion.

• Profit attributable to owners of parent rose 27.2% to ¥4.55 billion.

• The business environment remained uncertain due to global economic factors, U.S. tariff policies, and inflation, but demand for machine tools and automation solutions remained firm.

Financial highlights

• Net income for the first half was ¥4.55 billion, up 27.2% year-over-year.

• Operating income margin for the first half was 5.8%.

• Cash and cash equivalents at the end of the first half stood at ¥38.6 billion.

• Capital adequacy (equity-to-asset) ratio was 75.9%.

• Comprehensive income surged to ¥8.7 billion from ¥601 million in the prior year period.

Outlook and guidance

• FY2025 sales forecast revised to ¥220.0 billion, with operating income projected at ¥14.0 billion and profit attributable to owners of parent at ¥10.0 billion.

• Planned dividend of ¥100 per share (post-split basis).

• Management plan targets sales of ¥250 billion and operating margin of 13–15% in the mid-term.

• Basic earnings per share for the full year projected at ¥165.25.

• Market recovery is expected to remain moderate amid global uncertainties.