Amada (6113) Q1 2026 earnings summary

Executive summary

• Sales revenue for Q1 FY2026 reached ¥100.21bn, up 29.7% year-over-year, marking a record high for a first quarter, driven by strong automation, data center-related demand, and the consolidation of Via Mechanics.

• Operating profit rose 84.0% year-over-year to ¥7.43bn, supported by higher marginal profit, improved gross margins, US tariff refunds, and favorable foreign exchange rates.

• Net income attributable to owners of parent doubled to ¥5.47bn, up 101.2% year-over-year.

• Comprehensive income increased 58.2% year-over-year to ¥9.64bn, reflecting strong operational and financial performance.

• Orders surged 78.0% year-over-year to ¥166.8bn, reflecting robust global semiconductor and AI-related investments.

Financial highlights

• Gross profit increased 27.6% year-over-year to ¥42.06bn, with gross margin stable at 42.0%.

• SG&A expenses rose 19.0% to ¥34.8bn, while fixed costs increased 19.1%.

• Operating profit margin improved to 7.4% from 5.2% in the prior year.

• Cash and cash equivalents at quarter-end were ¥153.63bn, up from ¥118.36bn a year earlier.

• Net cash provided by operating activities increased to ¥15.09bn from ¥13.01bn year-over-year.

Outlook and guidance

• Management expects continued strong demand from AI, data center, and semiconductor sectors, with revenue from recent orders expected to materialize in the second half.

• Profitability in the Electronics Process BU is projected to improve in the second half as high-margin, advanced packaging machines are delivered.

• Full-year revenue forecast for fiscal year ending March 31, 2027, is ¥460.0bn, up 5.2% year-over-year.

• Operating profit is projected at ¥48.0bn (+7.1%), and profit attributable to owners of parent at ¥34.0bn (+11.3%).

• Dividend forecast for the year is ¥64.00 per share, up from ¥62.00.