Nabtesco Corporation
6268・Prime Market・Machinery
Component Solutions
Industrial robot components business centered on Precision Reduction Gears, driving company-wide growth
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (external) | ¥22,259 million (Q1 FY2026, ending March 2026) | ¥17,422 million (Q1 FY2025, ending March 2025) | ↑ |
| Operating profit | ¥1,969 million (Q1 FY2026, ending March 2026) | ¥398 million (Q1 FY2025, ending March 2025) | ↑ |
| Operating margin | 8.8% (Q1 FY2026, ending March 2026) | 2.3% (Q1 FY2025, ending March 2025) | ↑ |
| Orders received | ¥22,796 million (Q1 FY2026, ending March 2026) | ¥18,153 million (Q1 FY2025, ending March 2025) | ↑ |
| Order backlog | ¥20,203 million (as of March 31, 2026) | ¥15,715 million (as of March 31, 2025) | ↑ |
Business Details
This segment handles the integrated design, manufacture, sale, maintenance, and repair of Precision Reduction Gears for industrial robots as its core product. It supplies high-precision motion control components to manufacturing industries both domestically and internationally, with manufacturing and sales bases deployed in China, Europe, and North America. In the first quarter of FY2026 (ending March 2026), demand for industrial robot applications increased due to a recovery in capital investment centered on automakers in China and South Korea, and demand also recovered for general industrial applications. The segment achieved significant increases in both revenue and profit, with revenue of ¥22,259 million (up 27.8% year-on-year) and operating profit of ¥1,969 million (up 394.5% year-on-year).
Recent Overview
Precision Reduction Gears demand rebounded sharply on recovering capital investment for automobiles in China and South Korea; operating profit up 394.5% year-on-year
In the first quarter of FY2026 (ending March 2026), demand for Precision Reduction Gears for industrial robots increased due to a recovery in capital investment centered on automakers in China and South Korea, and demand also recovered for general industrial applications. Revenue increased ¥4,836 million (27.8%) year-on-year to ¥22,259 million, and operating profit increased ¥1,571 million (394.5%) year-on-year to ¥1,969 million. Order backlog also increased ¥4,488 million from the same period the previous year to ¥20,203 million, suggesting the demand recovery will continue.
Key Products
Growth Drivers
- Increased demand for Precision Reduction Gears for industrial robots due to recovering capital investment centered on automakers in China and South Korea
- Recovery in demand and sales promotion of Precision Reduction Gears for general industrial applications
- Improved profitability through cost reduction and fixed cost control under Project 10
- Improved revenue visibility from an accumulating order backlog (¥20,203 million as of the end of March 2026, up 28.5% year-on-year)
- Expanding capital investment demand in the Chinese market
Risks
- Risk of demand fluctuations in the industrial robot market (renewed deterioration of the inventory cycle)
- High dependence on the Chinese market, making the segment susceptible to geopolitical risks and economic fluctuations
- Instability in orders due to fluctuations in the capital investment cycle
- Risk of intensifying price competition with competitors
- Change in segment composition following the discontinuation of the hydraulic equipment business (the transfer of 70% of shares in Comtesco Corporation to Comer Industries S.p.A., completed effective January 1, 2026)
Last updated: March 25, 2026