DMG MORI's order book is growing faster than its income statement. The machine-tool maker said July–September orders reached ¥186.8bn, a quarterly record, and raised its full-year order outlook from ¥630bn to ¥650bn or more, which it puts at 24.2% above last year. Annual earnings guidance did not move.
Orders: three records in a row
Nine-month consolidated orders were ¥522bn, up 36.7% on the same period of 2025. By quarter, orders ran at ¥155.4bn in January–March, ¥179.8bn in April–June and ¥186.8bn in July–September. The company says each quarter has set a new high.
DMG MORI says demand came from five-axis and multitasking machines and from automation, with orders for its basic machines also rising strongly. Average order value per machine was ¥80.6mn, against ¥79.6mn for 2025 on average. Orders for maintenance, repair and overhaul, spare parts and engineering were ¥107.3bn, up 15.6%. Growth in every region exceeded 10%, according to the company, and it names aerospace, defense, medical, energy, shipbuilding and semiconductor-related customers among the strongest.
Backlog is not revenue
The backlog of machine orders rose from ¥240bn at the end of December 2025 to ¥328bn at the end of September. DMG MORI says it expects long-lead-time orders to add to revenue in October–December and in 2027 and 2028. That is a company expectation, not booked revenue.
Recognized figures are smaller. Nine-month revenue was ¥422.7bn, up 23.2%, and operating profit was ¥16.9bn, up 46.3%. Profit before tax was ¥11.9bn, down 49.6%, and profit attributable to owners of the parent was ¥8.7bn, down 58.7%.
The insurance payout behind the profit drop
The fall in net profit comes from the prior-year comparison. The 2025 period included ¥16.9bn (€102mn) of insurance income, booked within discontinued operations tied to the Russian business Ulyanovsk Machine Tools. DMG MORI reports that unit as discontinued, so revenue and operating profit exclude it while pre-tax and net profit include it. Profit from continuing operations was ¥8.4bn, against ¥4.2bn a year earlier.
Guidance unchanged
For the year to December 2026, DMG MORI kept its forecasts at revenue of ¥580bn, operating profit of ¥30bn and net profit attributable to owners of ¥15.5bn. The net figure is 35.5% below last year's, which included a one-off insurance gain of ¥17.2bn. The forecast dividend stays at ¥105 a share for the year.
The company also raised about ¥48bn through an overseas share offering in August. It plans to spend the money on capacity at its Nagaoka and Polish plants and on research and solutions centers, and also on in-sourcing key components and possible future acquisitions or alliances.
Separately, the German courts have closed the long-running valuation case brought by outside shareholders of DMG MORI AG. The buyout price is fixed at €37.35 a share and the annual compensation at €1.28. DMG MORI says the ruling creates no new liability or expense and has no material effect on current-year results.