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SMCSMC CORPORATION6273東証プライム機械FY ending Mar 2026, consolidated, J-GAAP

SMC FY ending Mar 2026 results

SMC brought in ¥842.5B in revenue.

Out of every ¥100 of sales, about ¥22 is left as operating profit.

Revenue changed +6.4% from the prior year, operating profit +0.2%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +6.4% · profit +0.2%, calculated from disclosed figures.

Operating leverage: 0.03× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+6.4%¥792.1B → ¥842.5B
Gross profit
+5.1%¥363B → ¥381.5B
Operating income
+0.2%¥190.2B → ¥190.6B
Net income attributable to owners
+7.0%¥156.3B → ¥167.3B
Operating cash flow
-3.9%¥196.7B → ¥188.9B
Free cash flow
-61.1%¥88.9B → ¥34.5B

Results at a glance

  • Sales grew 6.4% to ¥842.5B, but operating income stalled at ¥190.6B, up only 0.2%.
  • SMC is spending hard on new plants and R&D sites, and the extra labor and depreciation ate the gain.
  • Net income still rose 7.0% to ¥167.3B, helped mostly by currency gains outside the core business.
  • Capital spending reached ¥154.4B, which cut free cash flow to ¥34.5B.

What drove the change

  • Chinese demand for home appliances and LCD gear stayed strong, and chip-related orders in Japan, North America and Korea came back in the second half
  • Automakers in North America, Japan and Europe kept delaying equipment spending
  • Heavy investment in extra capacity and backup production sites pushed up depreciation

Things to watch

  • Plants in China and Vietnam could be disrupted by US-China tension or armed conflict
  • A stronger yen would shrink overseas sales and profit once converted
  • A cyberattack could stop production, shipping and payments

有価証券報告書（2026年3月期） / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · 有価証券報告書（2026年3月期） / 経営方針、経営環境及び対処すべき課題等 · 有価証券報告書（2026年3月期） / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 SMC sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥55
SG&A
¥23
Operating profit
¥22
Net profit kept
¥20

Annual margin trends

Gross margin45.3%
FY ending Mar 2021: 48.1%48.1%FY ending Mar 2022: 50.0%50.0%FY ending Mar 2023: 51.1%51.1%FY ending Mar 2024: 46.7%46.7%FY ending Mar 2025: 45.8%45.8%FY ending Mar 2026: 45.3%45.3%FY21FY22FY23FY24FY25FY26
Operating margin22.6%
FY ending Mar 2021: 27.8%27.8%FY ending Mar 2022: 31.3%31.3%FY ending Mar 2023: 31.3%31.3%FY ending Mar 2024: 25.3%25.3%FY ending Mar 2025: 24.0%24.0%FY ending Mar 2026: 22.6%22.6%FY21FY22FY23FY24FY25FY26
Net margin19.9%
FY ending Mar 2021: 22.1%22.1%FY ending Mar 2022: 26.5%26.5%FY ending Mar 2023: 27.2%27.2%FY ending Mar 2024: 23.0%23.0%FY ending Mar 2025: 19.7%19.7%FY ending Mar 2026: 19.9%19.9%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第67期(2025/04/01－2026/03/31)

    ID S100YLC62026-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第66期(2024/04/01－2025/03/31)

    ID S100W7772025-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(2023/04/01－2024/03/31)

    ID S100TUQR2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(2022/04/01－2023/03/31)

    ID S100R8TX2023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(令和3年4月1日－令和4年3月31日)

    ID S100OK2Y2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(令和2年4月1日－令和3年3月31日)

    ID S100LU1K2021-06-29Open

Extracted from XBRL: 53 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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