How far will China- and India-led demand recovery offset weakness in Europe and Japan?

Revenue by business in FY2026 was ¥208.478 billion for FA, ¥378.610 billion for Robot, ¥129.6 billion for Robo Machine and ¥141.143 billion for Services. Year on year, FA rose 7.0%, Robot rose 14.9%, Robo Machine fell 5.8% and Services rose 4.4%. Robot accounted for approximately 44% of total company revenue of ¥857.831 billion, while Robo Machine accounted for only approximately 15%. Revenue growth in the previous fiscal year was supported by Robot and FA, while a recovery in Robo Machine has yet to be confirmed.

By region and application, industries actively investing in equipment in China and demand in India supported CNC system revenue, while external demand from Japanese machine-tool manufacturers also contributed in Japan. By contrast, machine-tool demand in Europe remained weak. For Robot, demand from automotive-related customers in Japan and Europe was also weak, while the Americas were described as being at roughly the same level as the previous year amid concerns over the impact of tariffs. Robot demand in China for EV-related and general industrial applications was strong, making it important next time to determine whether China's strong performance represents merely a rebound in one region or is spreading to other regions.

Revenue in Q1 FY2027 was ¥231.035 billion and operating income was ¥53.492 billion, with total company revenue up 17.7% year on year. At the next interim results announcement, it will be necessary to check whether first-half revenue exceeds ¥474.05 billion, half of the full-year forecast of ¥948.1 billion, as well as the breakdown by business and region. The current Q1 financial summary does not disclose revenue by segment, segment profit, revenue by region or order backlog, so the spread of demand cannot be assessed from overall revenue growth alone.