Earnings digests and industry comparisons for Japan's biggest listed companies.
640 reports(page 4 of 54)
Motorcycles & Powersports companies posted FY2026 results, with Honda leading profit growth and Yamaha Motor topping operating margin. Suzuki led sales growth but cut its full-year profit outlook; reporting periods differ, with Yamaha reporting half-year results and Honda and Suzuki first-quarter figures.
Sales grew across the group, but profit growth varied sharply.
Japan's major auto parts makers all grew revenue in Q1 FY2027, but operating profit fell at DENSO and Aisin while rising at Koito and Toyoda Gosei. Toyoda Gosei led the group in sales growth and operating margin, showing that higher sales did not guarantee stronger profits.
Revenue grew across the sector, but profits diverged.
Plant and Offshore Engineering companies delivered mixed FY2026 results, with profitability proving more decisive than revenue scale. Mitsui E&S led on margin and growth, while JGC returned to profit, but outlooks diverged.
Backlog depth and margins determined the winners.
Power Tools and Compact Construction Equipment had mixed Q1 FY2027 results. Makita's sales rose 10.7% and operating profit 17.2%, aided by yen weakness and a U.S. tariff refund. Takeuchi's sales climbed 12.2%, but tariffs and discounts cut operating profit 9.3%.
Revenue growth did not translate into profit growth.
For FY2025, material handling and pneumatic equipment makers grew sales on semiconductor and automation demand, but profit growth diverged. Daifuku's operating profit rose 24.4%, versus 0.2% at revenue leader SMC; their fiscal year-ends differ.
SMC led sales, while Daifuku delivered stronger profit growth.
Pump and water-treatment makers Ebara and Organo reported Q2 FY2026 results as AI-chip demand drove orders. Ebara posted record interim orders and higher profit, while Organo's orders surged but operating profit fell. Their reporting periods differ: six months for Ebara, three for Organo.
Order momentum and profit growth diverged.
Air conditioning and refrigeration equipment makers all grew sales in Q1 FY2027, led by Daikin at 17.5%. Hoshizaki topped margins at 12%, while Miura's 40.4% net profit gain owed much to equity-method income; Hoshizaki reported a half-year.
Sales rose at all three, but profit growth and margins diverged.
Recruitment Media and HR Tech companies diverged in FY2026 full-year results as hiring demand favored some business models. Visional grew sales 23.9% and JAC Recruitment 17.7%, while Dip's revenue fell 2.7% and operating profit slid 32.0%.
Strong hiring demand rewards business models differently.
Electronics Trading Companies posted FY2026 full-year results as AI and PC refresh demand lifted sales at four of five. Daiwabo led in scale, Kaga Electronics in growth, while TED declined; Kaga's net profit included a one-off acquisition gain.
Kaga led growth; Daiwabo led in scale and profit.
The Internet Infrastructure group grew sales and profit in FY2026: IIJ revenue rose 9.0%, against GMO’s 3.3%. GMO’s 20.7% operating margin beat IIJ’s 10.1%, underscoring IIJ’s growth and GMO’s earnings power, though fiscal periods differ.
IIJ led on growth, while GMO led on profitability.
Across five IT Consulting and Development Services companies in Q3 FY2026, AI and digital transformation demand boosted sales, but profit growth varied. SHIFT led revenue growth while NSD posted the strongest operating profit increase, highlighting the gap between expansion and earnings.
Sales growth and profit growth are increasingly diverging.
Japan's major SIers and IT services companies grew revenue an average 4.9% in Q1 FY2027, but profit trends diverged. TIS led with a 12.2% operating margin, while NSSOL topped sales growth and BIPROGY's revenue and profit fell.
Revenue growth and earnings strength are not the same thing.
