JTEKT (6473) Q4 2026 earnings summary

Executive summary

• Revenue increased 2.2% year-over-year to ¥1,924.9B, driven by FX effects, sales recovery in Japan and North America, and steady personal consumption and capital investment despite global uncertainties.

• Business profit rose 16.5% year-over-year to ¥75.6B, supported by cost improvements and recovery initiatives.

• Operating profit declined 35.4% year-over-year to ¥24.8B due to higher other expenses.

• Profit for the period attributable to owners fell 12.7% year-over-year to ¥11.9B, impacted by restructuring costs in Europe and the U.S.

• Comprehensive income surged to ¥66.6B from ¥2.7B, mainly due to significant gains in other comprehensive income.

Financial highlights

• Gross profit improved to ¥297.0B from ¥281.3B year-over-year.

• Earnings per share dropped to ¥37.62 from ¥40.36 in the prior year.

• Free cash flow improved to ¥1,544B.

• Cash and cash equivalents at year-end increased to ¥137.6B from ¥119.1B.

• Operating cash flow was ¥108.5B, up from ¥80.2B year-over-year.

Outlook and guidance

• FY2026/FY2027 revenue forecasted at ¥1,880B, down 2.3% year-over-year.

• Business profit expected to rise 18.9% to ¥90.0B, with operating profit up 201.8% to ¥75.0B.

• Profit for the period projected to surge 317.6% to ¥50.0B; EPS forecasted at ¥157.07.

• Annual dividend per share forecasted at ¥70, up ¥10, with a payout ratio of 44.6%.

• Exchange rate assumptions: ¥155/USD and ¥180/EUR.