Okuma (6103) Q3 2026 earnings summary

Executive summary

• Consolidated sales reached ¥166.5 billion, up 11.8% year-over-year, driven by increased production capacity and large orders from the EV sector.

• Operating income was ¥10.4 billion, a 3.1% increase year-over-year, with an operating margin of 6.3%.

• Orders totaled ¥173.1 billion, up 13.9% year-over-year, with strong demand in machining centers and large-scale orders from major EV manufacturers in China.

• Net income for the period was ¥8.54 billion, up 13.9% year-over-year.

• The business environment remained uncertain due to global economic factors, but demand from major corporations, especially in aerospace, defense, and energy, was solid.

Financial highlights

• Ordinary income slightly decreased by 0.7% year-over-year to ¥11.22 billion.

• Gross profit rose to ¥49.82 billion from ¥48.28 billion year-over-year.

• Comprehensive income surged to ¥18.89 billion, up 170.8% year-over-year, driven by gains in available-for-sale securities and foreign currency translation.

• Overseas sales accounted for 74.0% of consolidated net sales, up from 70.1% the previous year.

• Exchange rates impacted results, with the yen depreciating against both USD and EUR compared to the previous year.

Outlook and guidance

• Full-year forecast for FY2026: net sales of ¥220.0 billion, operating income of ¥14.0 billion, and net income of ¥10.0 billion, a 4.3% increase year-over-year.

• Demand in aerospace, defense, energy, and semiconductor manufacturing equipment expected to expand, with automation and high-efficiency machining demand remaining firm.

• Planned dividend is ¥100 per share (post 2-for-1 stock split).