JTEKT Corporation (6473) said first-half net profit attributable to owners of the parent rose 78.8% to ¥21.75 billion, and raised its revenue forecast for the year ending March 2027 to ¥1.92 trillion from ¥1.88 trillion while keeping its net profit forecast at ¥50.0 billion.
Revenue for the April-September period rose 4.4% to ¥970.79 billion. Business profit, defined as revenue minus cost of sales and SG&A expenses, increased 52.8% to ¥50.68 billion, while operating profit rose 38.4% to ¥36.05 billion. Basic earnings per share were ¥68.32, compared with ¥38.21 a year earlier.
Business profit in the automotive segment rose 96.8% to ¥32.35 billion, which the company attributed to the weaker yen, cost improvements and restructuring.
| Full-year forecast | Previous (July 31) | Revised |
|---|---|---|
| Revenue | ¥1.88 trillion | ¥1.92 trillion |
| Business profit | ¥90.0 billion | ¥95.0 billion |
| Operating profit | ¥75.0 billion | ¥75.0 billion |
| Net profit attributable to owners | ¥50.0 billion | ¥50.0 billion |
The company said the revenue and business profit upgrades reflect first-half results, revised currency assumptions and recent market trends. Operating profit and lower profit lines were left unchanged, mainly due to a loss booked on the transfer of its European automotive business. It assumes exchange rates of ¥155 per dollar and ¥180 per euro from the third quarter.
JTEKT set an interim dividend of ¥35 per share, up from ¥30 a year earlier, and forecasts an annual dividend of ¥70.
The board also approved the absorption of wholly owned subsidiary JTEKT Engineering to consolidate personnel and expertise for after-sales service of cutting machines and machining centers. No new shares will be issued, and the company said the impact on consolidated results would be minor.
The interim dividend is scheduled to be paid from Nov. 26, 2026, and the semiannual securities report is due Nov. 12. The merger is scheduled to take effect April 1, 2027.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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