Smc corporation revises full-year forecast after mixed first-half results

Smc Corporation announced its consolidated financial results for the first half of fiscal year 2026, with net sales increasing by 1.3% year-on-year to JPY 400,272 million and ordinary profit up 3.5% to JPY 107,916 million. However, operating profit decreased by 8.8% to JPY 90,780 million, attributed to a higher cost ratio and increased depreciation. Profit attributable to owners of parent saw a modest rise of 1.3% to JPY 79,185 million.

In light of these results and recent trends, Smc Corporation revised its full-year consolidated forecast for fiscal year 2026. Net sales are now projected at JPY 816,000 million (down 4.0% from the previous forecast), operating profit at JPY 183,000 million (down 14.9%), and ordinary profit at JPY 209,000 million (down 9.9%). Profit attributable to owners of parent is also revised downward to JPY 153,000 million (down 8.4%), with basic earnings per share adjusted to JPY 2,406.70.

The company plans to maintain an annual dividend of JPY 1,000 per share, including an interim dividend of JPY 500 per share. Capital expenditures are forecast at JPY 180,000 million, depreciation at JPY 42,300 million, and R&D expenses at JPY 37,000 million for the full fiscal year. Smc Corporation also announced the repurchase of JPY 21,795 million in treasury stock during the period and the completion of its Japan Technical Center and Tono Supplier Park.