Shibaura Mechatronics reports strong Q1 performance, raises forecast

Shibaura Mechatronics Corporation reported net sales of 21,512 million yen for the first quarter ended June 30, up 25.6% year-on-year. Operating income surged 32.4% to 4,064 million yen, while net income rose 25.6% to 2,874 million yen.

The company raised its full-year forecast, projecting net sales of 80,000 million yen and net income of 7,500 million yen for the fiscal year ending March 2026. Annual dividends are expected to be 200 yen per share.