ShinMaywa reports record Q1 orders despite profit drop

ShinMaywa Industries reported record first-quarter orders of 74.3 billion yen, up 2.5%, and net sales of 57.7 billion yen, up 0.4%, for fiscal 2025.

However, operating profit dropped 22.5% to 1.4 billion yen due to changes in product composition, increased operating costs, and higher raw material expenses.

The Special Purpose Truck segment drove the order and sales growth while also increasing profit. Full-year forecasts remain unchanged at 285 billion yen net sales and 15 billion yen operating profit.