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SMC (6273) investor relations material

SMC Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary12 Feb, 2026

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.

Explain operating vs ordinary profit divergence?
Impact of aggressive capital investments on capacity?
Which industries show demand recovery signs?
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Frequently asked questions

SMC Corporation is a global leader in pneumatic control engineering aimed at supporting industrial automation. The company specializes in developing a wide array of control systems and equipment, including directional control valves, actuators, air line equipment, and more, catering to a variety of applications across multiple industries. SMC's extensive product range also encompasses valves, manifolds, regulators, fittings, tubing, flow switches, and several other flow control products, as well as equipment for chemical handling, secondary battery manufacturing, sensors and switches, vacuum equipment, and electric actuators. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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