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NHK Spring
NHK Spring (5991) investor relations material
NHK Spring Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Nov, 2025
Executive summary
Net sales for the first half of FY2025 rose 0.7% year-over-year to ¥393.9 billion, but operating and ordinary profits declined due to foreign exchange pressures, increased fixed costs, and one-time U.S. expenses.
Automotive market production volumes increased in North America and China, while Japan and Thailand saw marginal growth.
HDD suspension demand increased despite a global HDD production decline, with data center demand supporting growth.
Financial highlights
Net sales for 1H FY2025: ¥393.9 billion, up ¥2.7 billion year-over-year.
Operating profit: ¥18.5 billion, down 19.2% year-over-year but up ¥1.3 billion vs. May forecast.
Ordinary profit: ¥19.8 billion, down 26.5% year-over-year.
Profit attributable to owners: ¥13.9 billion, down 35.5% year-over-year.
Exchange rate fluctuations, higher costs, and one-time U.S. expenses were significant negative factors.
Outlook and guidance
FY2025 full-year net sales forecast: ¥800.0 billion, flat vs. previous year and May forecast.
Operating profit forecast: ¥47.0 billion, down ¥5.1 billion year-over-year.
Profit attributable to owners forecast: ¥40.0 billion, down ¥8.1 billion year-over-year.
U.S. tariffs expected to increase costs by ¥5.7 billion, with partial recovery factored in.
Segment forecasts revised: Suspension Spring and Disk Drive Suspension raised, Seating and Industrial Machinery lowered.
Why profit down despite market growth?
Automotive Seating strategy in China?
US tariff cost pass-through timeline?
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Next NHK Spring earnings date
Q3 202611 Feb, 2026
NHK Spring
Next NHK Spring earnings date
Q3 202611 Feb, 2026
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Frequently asked questions
NHK Spring Co., Ltd., also known as Nippon Hatsujō Kabushiki-gaisha or NHK Nippatsu, is a manufacturer in the automotive industry, specializing in a variety of components such as suspension springs and seats for automobiles. The company's product range extends beyond automotive parts to include suspension systems for disk read-and-write heads used in hard-disk drives, as well as industrial machinery & equipment and security solutions. NHK Spring is headquartered in Yokohama, Japan, and its shares are listed on the Tokyo Stock Exchange.
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