Tsubakimoto Chain (6371) Q2 2026 earnings summary

Executive summary

• FY2025 Q2 net sales declined 0.5% year-over-year to ¥135,634 million, with operating income down 12.2% and net income down 0.9%.

• Orders received rose 6.6% year-over-year to ¥146,722 million.

• Overseas sales ratio declined to 64.2% from 66.5% year-over-year.

• Comprehensive income surged 105.1% year-over-year to ¥9,332 million, reflecting improved other comprehensive income.

• Chain and Motion Control segments increased sales, but Chain profits fell due to U.S. tariffs; Materials Handling saw revenue and profit declines, especially in the Americas.

Financial highlights

• Net sales: ¥135,634 million (down 0.5% year-over-year).

• Operating income: ¥8,302 million (down 12.2% year-over-year).

• Ordinary income: ¥10,116 million (down 9.9% year-over-year).

• Net income: ¥9,921 million (down 0.9% year-over-year).

• Net cash provided by operating activities: ¥13,691 million; cash and cash equivalents at period end: ¥60,980 million.

Outlook and guidance

• FY2025 full-year sales forecast: ¥284,000 million (+1.7% year-over-year, revised down 2.1% from previous forecast).

• Operating income forecast: ¥20,000 million (-12.5% year-over-year, down 7.0% from previous forecast).

• Net income forecast: ¥19,000 million (-14.1% year-over-year, down 5.0% from previous forecast).

• Basic EPS forecast for the year: ¥189.15.

• Chain and Motion Control sales/profit forecasts revised upward; Materials Handling revised downward.