Takeuchi Mfg (6432) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter FY2025 declined 8.3% year-over-year to ¥50,620 million, mainly due to lower sales in North America amid market uncertainty and postponed purchases, partially offset by growth in Europe, Asia/Oceania, and Others.

• Operating profit for the quarter was ¥10,998 million, down 1.1% year-over-year, impacted by lower sales volume, increased costs, and discounts, partially offset by favorable foreign exchange rates.

• Profit attributable to owners of parent fell 12.4% year-over-year to ¥7,418 million, impacted by foreign exchange losses and higher tax expenses.

• Orders received decreased 7.8% year-over-year to ¥56,740 million; order backlog increased by ¥6,120 million from the previous fiscal year-end.

• Comprehensive income dropped 75.0% year-over-year to ¥3,201 million.

Financial highlights

• North America sales dropped 17.0% year-over-year, while Europe grew 3.4% and Asia/Oceania surged 48.8%.

• Parts sales increased 8.5% year-over-year to ¥4,468 million.

• Ordinary profit declined 11.3% year-over-year to ¥10,413 million, with foreign exchange losses of ¥772 million.

• Earnings per share for the quarter were ¥160.54, compared to ¥177.56 in the prior year.

• Capital investment rose 22.3% year-over-year to ¥615 million; R&D spending increased 24.9% to ¥660 million.

Outlook and guidance

• Full-year FY2025 net sales forecast is ¥211,200 million, a 1.0% decrease from FY2024.

• Operating profit for the full year is projected at ¥21,800 million, down 12.3% year-over-year.

• Profit attributable to owners of parent projected at ¥14,800 million for the full year, a decrease of 12.2% year-over-year.

• Foreign exchange rate assumptions for FY2025: JPY/USD 140.00, JPY/GBP 190.00, JPY/EUR 160.00, JPY/CNY 19.50.

• Dividend per share for the year estimated at ¥200, unchanged from the previous year.