SMC Q1 FY27 profit attributable to owners of parent more than doubled to JPY 67.86 billion year-on-year; net sales rise 35.4% to JPY 270.99 billion
Reuters2026/08/07 05:05- SMC posted Q1 net sales of JPY 270.99 billion, up 35.4% year over year under Japanese GAAP.
- Operating profit climbed to JPY 73.99 billion, up 66.4% year over year.
- Profit attributable to owners of parent more than doubled to JPY 67.86 billion, up 95.9% year over year.
- Ordinary profit rose to JPY 91.79 billion, up 86.9% year over year, due to foreign exchange gains and securities-sale gains.
- Kept its FY ending March 31, 2027 forecast unchanged, targeting net sales of JPY 1 trillion, operating profit of JPY 219 billion.
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Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
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