Consolidated Financial Results for the Nine Months Ended December 31, 2025 （238KB）

February 12, 2026

Company name : SMC Corporation

Listing : Tokyo Stock Exchange, Prime Market

Securities code : 6273

URL : https://www.smcworld.com/ir/en-jp/

Representative : Yoshiki Takada, President

Inquiries : Masahiro Ota, Director and Executive Officer (disclosure.jp@smc.com) Scheduled date to commence dividend payments : −

Preparation of supplementary material on financial results : Yes

Holding of financial results briefing : Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	609,933	3.3	137,564	(3.7)	169,170	1.8	121,625	1.0
      December 31, 2024	590,460	1.3	142,793	(8.0)	166,201	(10.4)	120,382	(12.3)

      Note : Comprehensive income For the nine months ended December 31, 2025 : ¥ 203,131 million 35.6%

      For the nine months ended December 31, 2024 : ¥ 149,855 million (17.0%)

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	1,916.97	-
      December 31, 2024	1,880.28	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   December 31, 2025	2,255,119	2,042,370	90.6
   March 31, 2025	2,100,767	1,928,306	91.8

   Reference : Equity As of December 31, 2025 :

   As of March 31, 2025 :

2. Cash dividends

   ¥ 2,042,224 million

   ¥ 1,928,281 million

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 500.00 500.00	Yen - -	Yen 500.00	Yen 1,000.00
   Fiscal year ending March 31, 2026 (Forecast)				500.00	1,000.00

   Note : Revisions to the forecast of cash dividends most recently announced : None

3. Forecasts of consolidated operating results for the year ending March 31, 2026

   (Percentages indicate ratio against previous fiscal year end.)

   	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
   Year ending March 31, 2026	Millions of yen 816,000	% 3.0	Millions of yen 183,000	% (3.8)	Millions of yen 209,000	% (0.4)	Millions of yen 153,000	% (2.1)	Yen 2,406.70

   Note : Revisions to the forecast of operating results most recently announced : None

   ＊ Notes

   1. Significant changes in the scope of consolidation during the period : None

   2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements : Yes

   3. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations : None

      2. Changes in accounting policies due to other reasons : None

      3. Changes in accounting estimates : None

      4. Restatement : None

   4. Number of issued shares (common shares)

      1. Total number of issued shares at the end of the period (including treasury shares)

         As of December 31, 2025	63,869,359 shares
         As of March 31, 2025	67,369,359 shares

      2. Number of treasury shares at the end of the period

         As of December 31, 2025	730,227 shares
         As of March 31, 2025	3,635,534 shares

      3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Note : The Company's shares held by the Board Benefit Trust (BBT) for the Directors' Stock Compensation Plan (11,200 shares) is included in the number of treasury shares, which is excluded in the calculation for the above: 2. Number of treasury shares at the end of the period and 3. Average number of shares outstanding during the period.

＊Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm : None

＊Proper use of earnings forecasts, and other special matters

1. Forecasts are based on information and certain premises that the Company considers to be reasonable at the time these consolidated financial results for the nine months are released.

   Some factors could cause actual results to differ from expectations.

2. The Company is scheduled to hold a financial results briefing for institutional investors and analysts on February 12, 2026. Presentation material will be released on the Company's website on the day.

1. Qualitative information about the quarterly results
   1. Operating results

      During the nine months of this fiscal year (April 1, 2025 to December 31, 2025), the global economy remained unstable due to factors such as the U.S. tariff policy, the manifestation of geopolitical risk, and sharp fluctuations in foreign exchange rates.

      As for the demand for automatic control equipment, in the semi-conductor and electrical machinery-related industries, demand centered on electronic device-related industries such as home appliance and flat panel display remained solid in Greater China. Recovery signs also appeared in Japan, North America, and South Korea. In the automotive-related industry, although EV-related demand was resilient in Greater China, the situation remained stagnant in Japan, North America, and Europe due to factors including the U.S. tariff effect. Machine tool-related industry showed strength in Greater China and Japan, however, other regions remained to be in an adjustment phase. Sales to medical equipment-related, food machinery-related, and other industries remained sluggish overall.

      Under these circumstances, the SMC Group has continued to make aggressive capital investments to expand its product supply capability, to multiply its production bases based on BCP (Business Continuity Plan), and to strengthen its product development capability. The Group has also continued to work on increasing direct sales staff, strengthening distributor sales channels, promoting diversification of products and customers, and other initiatives.

      Consequently, the summary of consolidated business results for the nine months ended December 31, 2025 is as follows:

      Net sales were 609,933 million yen (increased by 3.3%, yoy).

      Operating profit was 137,564 million yen (decreased by 3.7%, yoy), mainly caused by the increase in cost ratio, personnel expenses and depreciation.

      Ordinary profit was 169,170 million yen (increased by 1.8%, yoy), mainly due to the increases in foreign exchange gains.

      Profit before income taxes was 172,276 million yen (increased by 3.4%, yoy), and profit attributable to owners of parent was 121,625 million yen (increased by 1.0%, yoy).

   2. Financial position

      Financial position as of the end of the nine months of this fiscal year (December 31, 2025) is as follows:

      Total assets were 2,255,119 million yen (a 154,351 million yen or 7.3% increase from the previous fiscal year end), mainly due to an 18,567 million yen increase in inventories and a 127,761 million yen increase in property, plant and equipment.

      Total liabilities were 212,749 million yen (a 40,288 million yen or 23.4% increase from the previous fiscal year end), mainly due to an 11,266 million yen decrease in trade payables and a 30,047 million yen increase in short-term borrowings.

      Total net assets were 2,042,370 million yen (a 114,063 million yen or 5.9% increase from the previous fiscal year end), mainly due to a 121,625 million yen increase in retained earnings caused by recorded profit attributable to owners of parent and a 74,764 million yen increase in foreign currency translation adjustment.

   3. Consolidated forecasts and other forward-looking information

   There is no change to the consolidated forecast for the fiscal year 2025, announced in the "Consolidated Financial Results for the Six Months Ended September 30, 2025 [Under Japanese GAAP]" issued on November 13, 2025.

2. Quarterly consolidated financial statements

(Millions of yen)

As of March 31, 2025 As of December 31, 2025

(Millions of yen)

― SMC Corporation