Consolidated Financial Results for the Six Months Ended September 30, 2025 （274KB）

November 13, 2025

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 file semi-annual securities report : November 13, 2025

Scheduled date to commence dividend payments : December 1, 2025

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 six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      September 30, 2025	400,272	1.3	90,780	(8.8)	107,916	3.5	79,185	1.3
      September 30, 2024	395,061	0.4	99,497	(5.4)	104,283	(22.6)	78,189	(17.5)

      Note : Comprehensive income For the six months ended September 30, 2025 :	¥	94,685 million 152.4%
      For the six months ended September 30, 2024 :	¥	37,521 million (78.0%)

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	1,245.60	—
      September 30, 2024	1,219.46	—

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   September 30, 2025	2,198,597	1,973,481	89.8
   March 31, 2025	2,100,767	1,928,306	91.8

   Reference : Equity As of September 30, 2025 : ¥ 1,973,342 million

   As of March 31, 2025 : ¥ 1,928,281 million

2. Cash dividends

   	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 operating results 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 : Yes

   • Notes

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

     2. Adoption of accounting treatment specific to the preparation of semi-annual 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 September 30, 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 September 30, 2025	573,752 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.

＊Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

＊Proper use of earnings forecasts, and other special matters

1. The revised forecasts of consolidated operating results for the fiscal year ending March 31, 2026 are shown in this release.

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

   Some factors could cause actual results to differ from expectations.

3. The Company is scheduled to hold a financial results briefing for institutional investors and analysts on November 13, 2025. Presentation material will be released on the Company’s website on the day.

1. Qualitative information about the semi-annual results
   1. Operating results

      During the six months of this fiscal year (April 1, 2025 to September 30, 2025), the global economy remained uncertain due to factors such as the U.S. tariff policy and the manifestation of geopolitical risks caused by prolonged conflicts in Ukraine and in the Middle East.

      As for the demand for automatic control equipment, in the semi-conductor and electrical machinery-related industries, even though there was a growth in demand for the electrical machinery-related industry such as home appliances and flat panel displays in Greater China, the demand did not reach a full-scale recovery for the semi-conductor-related industry in the regions including Japan, North America, and South Korea. In the automotive-related industry, although EV-related demand recovered in Greater China, capital investments continued to hold back in other regions due to the U.S. tariff effect. Machine tool-related industry showed strength in Greater China, however, other regions remained to be in an adjustment phase. Sales to medical equipment-related, food machinery-related, and other industries remained sluggish, despite new post-covid demand for automation.

      Under these circumstances, the SMC Group has continued to make aggressive capital investments to expand its product supply capability, to multiple its production bases based on BCP, and to strengthen its product development capability. The Group has also continued to address issues such as increasing direct sales staff, enforcing distributor sales, promoting diversification of products and customers, improving productivity in product development, and utilizing its global human resources.

      Within the business environment described above, the summary of consolidated business results for the six months ended September 30, 2025 is as follows:

      Net sales were 400,272 million yen (increased by 1.3%, yoy).

      Operating profit was 90,780 million yen (decreased by 8.8%, yoy), mainly caused by the increase in cost ratio and depreciation.

      Ordinary profit was 107,916 million yen (increased by 3.5%, yoy), mainly due to the increases in foreign exchange gains.

      Profit before income taxes was 110,554 million yen (increased by 6.4%, yoy), and profit attributable to owners of parent was 79,185 million yen (increased by 1.3%, yoy).

   2. Financial position

      Financial position as of the end of the six months of this fiscal year (September 30, 2025) is as follows:

      Total assets were 2,198,597 million yen (a 97,829 million yen or 4.7% increase from the previous fiscal year end), mainly due to a 4,189 million yen increase in cash and deposits, a 2,030 million yen decrease in inventories and a 109,119 million yen increase in property, plant and equipment.

      Total liabilities were 225,115 million yen (a 52,654 million yen or 30.5% increase from the previous fiscal year end), mainly due to a 3,278 million yen increase in trade payables and a 30,685 million yen increase in accounts payable which is included in current liabilities, other.

      Total net assets were 1,973,481 million yen (a 45,174 million yen or 2.3% increase from the previous fiscal year end), mainly due to a 79,185 million yen increase in retained earnings caused by recorded profit attributable to owners of parent and a 14,093 million yen increase in foreign currency translation adjustment.

   3. Consolidated forecasts and other forward-looking information

   Based on recent trends in orders and foreign exchange rates, revisions to the consolidated forecast for the fiscal year 2025, announced in the "Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 [Under Japanese GAAP]" issued on May 14, 2025 are made as below.

   The average exchange rates for the fiscal year based on the revised forecasts:

   1 US$ = 147.10 yen (previous forecast 141 yen), 1 EUR = 172 yen (157 yen), and 1 CNY = 20.60 yen (19.50 yen).

   Revision to consolidated financial forecasts for the fiscal year ending March 31, 2026

   (Period from April 1, 2025 through March 31, 2026)

   	Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent	Basic earnings per share
   Previous Forecasts	Millions of yen 850,000	Millions of yen 215,000	Millions of yen 232,000	Millions of yen 167,000	Yen 2,620.27
   Revised Forecasts	816,000	183,000	209,000	153,000	2,406.70
   Increase (Decrease)	(34,000)	(32,000)	(23,000)	(14,000)
   % Change	(4.0)	(14.9)	(9.9)	(8.4)

   Results of the FY 2024 (Year ended March 31, 2025)

   792,108

   190,244

   209,921

   156,344

   2,444.61

2. Semi-annual consolidated financial statements

(Millions of yen)

As of March 31, 2025 As of September 30, 2025