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JTEKT, Net Income Forecast for the Fiscal Year Revised Upward by 25%

Tue Feb 3, 2026 3:00 pm JST Earnings

6473 JTEKT Corporation 【IFRS】

Earnings Report

JTEKT Corporation <6473> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 3rd (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.1 times that of the same period last year, reaching 21.3 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 25.0%, from the previous forecast of 20.0 billion yen to 25.0 billion yen (compared to 13.7 billion yen in the previous period), increasing the growth rate from 45.8% to 82.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 63.8%, from the previous forecast of 7.83 billion yen to 12.8 billion yen (compared to 7.48 billion yen in the same period of the previous year), increasing the growth rate from 4.7% to 71.6%.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.5 times that of the same period last year, reaching 9.18 billion yen. The operating profit margin improved from 2.0% in the same period last year to 2.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,411,827 57,360 61,203 36,411 106.2 84.4 Feb 2, 2024 IFRS
Apr - Dec, 2024 1,385,066 35,006 29,089 9,947 29.0 94.2 Jan 31, 2025 IFRS
Apr - Dec, 2025 1,403,324 37,802 42,209 21,349 67.1 76.7 Feb 3, 2026 IFRS
YoY +1.3% +8.0% +45.1% +114.6% +131.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 909,825 23,946 21,325 7,837 24.6 30 Oct 31, 2025 IFRS
Oct - Mar, 2025 New 949,825 28,946 31,325 12,837 40.3 30 Feb 3, 2026 IFRS
Revision Rate +4.4% +20.9% +46.9% +63.8% +63.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,840,000 50,000 45,000 20,000 62.8 60 Oct 31, 2025 IFRS
Mar, 2026 New 1,880,000 55,000 55,000 25,000 78.5 60 Feb 3, 2026 IFRS
Revision Rate +2.2% +10.0% +22.2% +25.0% +25.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 965,918 12,912 11,377 7,482 22.0 25 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 949,825 28,946 31,325 12,837 40.3 30 Feb 3, 2026 IFRS
YoY -1.7% +124.2% +175.3% +71.6% +83.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,891,504 62,196 72,513 40,257 117.4 36 Apr 26, 2024 IFRS
Mar, 2025 1,884,397 38,452 30,876 13,713 40.4 50 Apr 25, 2025 IFRS
Mar, 2026 Guidance 1,880,000 55,000 55,000 25,000 78.5 60 Feb 3, 2026 IFRS
YoY -0.2% +43.0% +78.1% +82.3% +94.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 466,587 9,466 9,590 3,716 10.8 2.0 Jan 31, 2025 IFRS
Jan - Mar, 2025 499,331 3,446 1,787 3,766 11.1 0.7 Apr 25, 2025 IFRS
Apr - Jun, 2025 454,794 13,526 10,323 6,510 20.5 3.0 Jul 31, 2025 IFRS
Jul - Sep, 2025 475,381 12,528 13,352 5,653 17.8 2.6 Oct 31, 2025 IFRS
Oct - Dec, 2025 473,149 11,748 18,534 9,186 28.9 2.5 Feb 3, 2026 IFRS
YoY +1.4% +24.1% +93.3% +147.2% +166.5%

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