Tsubakimoto Chain (6371) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 declined 1.7% year-over-year to ¥65,317 million, with operating income down 19.8% and net income down 29.6%, mainly due to a stronger yen and higher expenses.

• Orders received rose 6.5% year-over-year to ¥70,781 million.

• Motion control and mobility segments saw sales and operating income growth, while chain and material handling segments experienced declines.

• Comprehensive income plummeted 99.6% year-over-year to ¥41 million.

Financial highlights

• Operating income margin fell to 5.0% from 6.2% year-over-year.

• Ordinary income dropped 28.1% and net income decreased 29.6% compared to the same quarter last year.

• Basic EPS was ¥44.17, down from ¥59.61 year-over-year, adjusted for stock split.

• International sales ratio increased to 66.0% in Q1 FY2025 from 65.3% in FY2024.

Outlook and guidance

• Full-year FY2025 forecast remains unchanged: net sales expected to rise 3.9% year-over-year to ¥290,000 million, but operating income projected to decrease 5.9%.

• Segment forecasts anticipate sales growth in all businesses except "Other," with notable operating income growth in material handling.