Fanuc (6954) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥196.4B, up 0.6% year-over-year, with net income up 31.4% to ¥37.8B.

• Operating income rose 28.7% year-over-year to ¥42.4B, but fell 12.2% from the previous quarter.

• Ordinary income reached ¥51.6B, up 25.3% year-over-year.

• Orders grew 4.0% year-over-year but decreased 2.6% from the previous quarter.

• The company faced uncertainties from U.S. tariffs, FX fluctuations, and geopolitical risks, implementing sales expansion and cost reduction initiatives.

Financial highlights

• Gross margin improved as cost of sales ratio dropped to 61.0% from 65.3% year-over-year.

• Net income per share was ¥40.56, up from ¥30.46 a year ago.

• Total assets decreased to ¥1,903.5B from ¥1,937.0B at the previous fiscal year-end.

• Equity ratio improved to 89.9% from 89.0% at March 31, 2025.

• Operating income margin was 21.6% in Q1 FY2025, up from 16.9% a year ago.

Outlook and guidance

• FY2025 net sales forecast at ¥807.0B, up 1.2% from FY2024 actual.

• Operating income forecast at ¥159.5B, nearly flat year-over-year.

• Net income forecast at ¥143.0B, down 3.1% from FY2024.

• Forecasts factor in a new 15% U.S. tariff effective August 2025 and assume currency rates of 140 yen/USD and 160 yen/Euro.

• 2nd quarter cumulative net sales forecast at ¥397.6B, up 2.5% year-over-year.