Fanuc (6954) Q2 2026 earnings summary

Executive summary

• Net sales for 1H FY2025 reached ¥407.6 billion, up 5.1% year-over-year, with operating income at ¥86.0 billion (+13.7%) and net income at ¥79.8 billion (+14.2%).

• Comprehensive income increased 49.0% year-over-year to ¥94,580 million.

• Growth was driven by strong FA and robotics sales in China and robust demand in the Americas and India.

• The company faced uncertainties from tariffs, foreign exchange, and geopolitical risks but implemented sales expansion and cost reduction initiatives.

• Factory operations improved, and the full-year forecast was revised upward, expecting record sales since FY2022.

Financial highlights

• Operating income ratio improved to 21.1% (+1.6pt), and net income ratio to 19.6% (+1.6pt) for 1H FY2025.

• 2Q FY2025 net sales were ¥211.2 billion (+9.5% YoY), with net income at ¥42.0 billion (+2.1% YoY).

• Ordinary income reached ¥107,905 million, up 13.8% year-over-year.

• Net income per share increased to ¥85.54 from ¥74.17 in the prior year period.

• Cash and cash equivalents at period end were ¥529,374 million, up ¥27,283 million from March 31, 2025.

Outlook and guidance

• Full-year FY2025 net sales forecast raised to ¥818.8 billion (+2.7% from previous forecast), with operating income at ¥175.9 billion (+10.7%).

• Net income for FY2025 is projected at ¥157.3 billion (+6.6% YoY), with EPS projected at ¥168.57 and operating income ratio expected at 21.5%.

• Forecasts revised upward from previous guidance, reflecting improved business trends.

• Sales and income are expected to surpass 800 billion yen for the first time since FY2022.