Amada (6113) Q4 2026 earnings summary

Executive summary

• Sales revenue reached ¥437.372bn for FY2025, up 10.3% year-over-year, marking a record high, with strong order intake in North America and Asia, though Europe lagged.

• Operating profit declined 8.7% year-over-year to ¥44.798bn, impacted by lower capacity utilization, U.S. tariffs, and rising personnel and amortization costs.

• Net income attributable to owners was ¥30.554bn, down 5.7% year-over-year.

• Comprehensive income surged to ¥56.410bn from ¥31.785bn, driven by significant foreign exchange gains.

• M&A activity, notably H&F and Via Mechanics, expanded the consolidation scope and contributed significantly to revenue and order growth.

Financial highlights

• Orders hit an all-time high at ¥456.9bn, up 22.6% year-over-year.

• Gross profit increased to ¥177.54bn, but gross margin declined from 43.5% to 40.6%.

• SG&A expenses rose 7.6% to ¥134.1bn.

• Cash and cash equivalents at period end rose to ¥153.626bn from ¥104.841bn.

• Inventory volume increased 20% year-over-year to ¥157.7bn, with turnover at 4.3 months.

Outlook and guidance

• FY2026 revenue forecast is ¥460.0bn (+5.2%), operating profit ¥48.0bn (+7.1%), and net income ¥34.0bn (+11.3%).

• Orders are expected to reach ¥460.0bn (+0.7%).

• Dividend forecast for FY2027 is ¥64.00 per share.

• Profit improvement is anticipated from better selling prices, material costs, and a refund of U.S. tariffs, offset by higher personnel and R&D expenses.