SMC (6273) Q3 2026 earnings summary

Executive summary

• Net sales for FY25 Q3 reached ¥609.9 billion, up 3.3% year-over-year, driven by strong demand in Greater China and recovery in Japan, North America, and South Korea.

• Operating profit for FY25 Q3 was ¥137.5 billion, a 3.7% decrease year-over-year due to higher cost ratios, personnel expenses, and depreciation.

• Net profit for FY25 Q3 was ¥121.6 billion, up 1.0% year-over-year.

• Comprehensive income surged 35.6% year-over-year to ¥203.1 billion, supported by significant foreign currency translation gains.

• Ordinary profit increased 1.8% year-over-year to ¥169.2 billion, mainly from higher foreign exchange gains.

Financial highlights

• Gross profit margin for FY25 Q3 was 45.3%, slightly down from 46.1% in the prior year.

• SG&A expenses increased 7.5% year-over-year to ¥138.9 billion.

• Depreciation and R&D expenses rose 29.1% and 10.0% year-over-year, respectively.

• Basic earnings per share increased to ¥1,916.97 from ¥1,880.28 year-over-year.

• Total assets as of December 31, 2025, were ¥2,255,119 million, up 7.3% from the previous fiscal year end.

Outlook and guidance

• FY25 full-year net sales forecast is ¥816.0 billion, with operating profit projected at ¥183.0 billion.

• Net profit for the full year is forecast at ¥153.0 billion, with basic EPS of ¥2,406.70.

• Annual dividend forecast maintained at ¥1,000 per share.

• Orders for semiconductors and electric industries are expected to increase across all regions.

• No changes to previously announced forecasts.