Okuma booked consolidated orders of ¥161.44bn in the six months to September 2026, up 44.4% from a year earlier and the highest on record, according to its interim earnings report. Order backlog at the end of the period was ¥144.716bn, against ¥102.999bn a year before.
Where the demand came from
The company said machine-tool demand expanded across a broad range of industries, rising sharply in the second half of the period, mainly in the US and Japan. In the US, large customers in aerospace, space and satellites, defense and data-centre and energy projects kept demand high, and smaller firms showed signs of resuming capital spending. In Japan, semiconductor equipment, shipbuilding and general industrial machinery added to the same sectors, with mid-sized and smaller firms also replacing equipment.
Europe was uneven: demand in Germany softened on weak autos and exports, but aircraft and defense spending kept the region steady overall. In China, big projects that had supported orders the year before eased, while semiconductor equipment and general machinery demand held up. By destination, Americas orders were ¥57.377bn and Japan ¥44.301bn; Asia-Pacific orders were ¥31.416bn, against ¥34.076bn a year earlier.
Earnings and guidance
Sales rose 12.3% to ¥118.131bn and operating profit rose 98.8% to ¥12.045bn. Net profit attributable to owners of the parent was ¥11.646bn, which includes a ¥3.703bn gain on sales of investment securities. Okuma kept its forecast for the year to March 2027 at ¥260bn in sales and ¥26bn in operating profit, and held its dividend forecast at ¥120 a share.
The conversion question
Orders are not revenue. Okuma's reference data show a full-year order forecast of ¥310bn and a year-end backlog forecast of ¥151.407bn, so the second half has to deliver both new orders and shipments from the existing book. The report is one manufacturer's result and does not speak for machine-tool demand elsewhere.