Tsubakimoto Chain (6371) Q2 2026 earnings summary

Executive summary

• Orders received rose 6.6% year-over-year to ¥146,722 million, but net sales declined 0.5% to ¥135,634 million for the six months ended September 30, 2025.

• Operating profit fell 12.2% year-over-year to ¥8,302 million, and profit attributable to owners of parent decreased 0.9% to ¥9,921 million.

• Comprehensive income surged 105.1% year-over-year to ¥9,332 million, reflecting improved other comprehensive income.

Financial highlights

• Net sales: ¥135,634 million (down 0.5% year-over-year).

• Operating profit: ¥8,302 million (down 12.2% year-over-year).

• Ordinary profit: ¥10,116 million (down 9.9% year-over-year).

• Basic EPS: ¥99.12 (stock split adjusted).

• Net cash provided by operating activities: ¥13,691 million; cash and cash equivalents at period end: ¥60,980 million.

Outlook and guidance

• Full-year net sales forecast revised down to ¥284,000 million (down 2.1% from previous forecast).

• Operating profit forecast revised to ¥20,000 million (down 7.0%), ordinary profit to ¥22,000 million (down 4.3%), and profit attributable to owners of parent to ¥19,000 million (down 5.0%).

• Basic EPS forecast for the year: ¥189.15.

• Exchange rate assumptions: 1 USD = 148 JPY, 1 Euro = 170 JPY.