Fanuc (6954) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, were ¥585.0B, down 1.9% year-over-year, while net income rose 4.5% to ¥102.8B.

• Operating income increased 2.9% year-over-year to ¥110.5B, with ordinary income up 3.2% to ¥139.5B.

• Comprehensive income declined to ¥118.4B, down from ¥144.6B in the prior year period.

• The company faced a gradually recovering global economy but continued uncertainty due to high interest rates in the US/Europe and concerns over China.

• Third quarter net sales were ¥197.1B, nearly flat year-over-year, but net income declined 4.5% from the same quarter last year and 20.1% sequentially.

Financial highlights

• Cost of sales decreased 4.4% year-over-year for the nine-month period, improving gross margin.

• Gross profit for the nine months was ¥212.8B, up from ¥207.1B year-over-year.

• Operating income margin for the nine months improved to 18.9% from 18.0% a year earlier.

• Net income per share was ¥109.39, up from ¥103.43 in the prior year period.

• Third quarter operating income margin fell to 17.7% from 20.7% year-over-year and 22.1% sequentially.

Outlook and guidance

• FY2024 net sales forecast revised to ¥791.9B, a 0.5% increase from the previous forecast but still 0.4% below FY2023 actual.

• FY2024 net income forecast raised to ¥139.2B, up 3.6% from the previous forecast and 4.5% above FY2023.

• Operating income for FY2024 now expected at ¥152.3B, up 7.3% year-over-year.

• Net income per share for the full year projected at ¥148.40.

• Currency assumptions for Q4: 140 yen/USD and 150 yen/Euro.