Nachi-Fujikoshi reported operating profit of ¥11.46bn for the nine months to 31 August 2026, up 72.8% from a year earlier, on sales of ¥192.3bn, up 10.4%. The machinery maker, which sells tools, machine tools, robots, bearings, hydraulics and specialty steel, kept its full-year forecast unchanged from the one announced on 14 July.
Operating profit outran sales, and management points to cost measures
The company credits sales growth to recovering demand for construction machinery, mainly in Europe, the US and China, a recovery in ASEAN aftermarket demand, and higher industrial-machinery demand in the Americas. Overseas sales rose 14.9% to ¥101.6bn, against a 5.8% rise in domestic sales to ¥90.8bn. Nachi-Fujikoshi described the overall operating environment as recovering moderately, with demand uneven by industry.
Operating profit grew far faster than sales. Management attributes that to four things: fixed-cost reductions from structural reform, passing higher raw-material costs into selling prices, production-line automation and rationalisation, and lower procurement costs. Ordinary profit rose 111.5% to ¥10.87bn, and profit attributable to owners of the parent rose 82.1% to ¥6.63bn. Those profit figures are the company's own accounting; the quarterly statements carry no auditor review.
Segments: reform effects in components, mixed demand elsewhere
The components division, with sales of ¥117.1bn (+7.9%), raised operating profit 60.8% to ¥5.95bn, and the company says that included the effect of structural reform. Machine tools and robotics lifted sales 11.1% to ¥60.6bn, with operating profit up 52.6% to ¥3.81bn, even as machine-tool demand fell in China and Japan. The other businesses, mainly specialty steel, posted operating profit of ¥1.64bn, up 305.8%. Car hydraulics demand fell in Japan and China.
Guidance and caveats
The full-year forecast stands at sales of ¥255bn (+8.1%), operating profit of ¥15.3bn (+56.6%) and net profit of ¥7.5bn (+42.8%), with a year-end dividend forecast of ¥110. Structural-reform costs of ¥896mn were booked as a special loss in the period. The company still describes the outlook as uncertain, citing tension in the Middle East, US trade policy, rising prices and weakness in the Chinese economy.