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Home/Stocks/6268.T
TSE · Japan · Specialty Industrial Machinery

6268.T Nabtesco

RV reducers for industrial robots

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
¥4,140.0
+0.53% today
1W
−7.1%
1M
−13.0%
3M
−16.2%
YTD
+11.3%
1Y
+12.2%
Off 52w high
−28.9%
Next earnings (est.): 2026-10-30
Market cap¥479B≈ $3.05B
P/E (trailing)25.2Forward 38.2
EV / sales1.5×EV/EBITDA 10.5×
Revenue (TTM)¥310BGrowth 0.5% y/y
Margins32.3%gross · op 9.0%
Free cash flow¥25.39BCash ¥99.58B · debt ¥57.69B
Analyst target¥5,346.4+29.1% upside · 11 analysts · none
Riskβ 0.92Short — of float · yield 1.97%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

6268.T · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-30EarningsBeat / raise

    Reported EPS 59.16 vs 32.05 expected (+84.6% surprise).

  2. 7
    2026-04-29EarningsBeat / raise

    Reported EPS 58.01 vs 40.14 expected (+44.5% surprise).

  3. 6
    2026-02-12EarningsMiss / cut

    Reported EPS 35.59 vs 67.17 expected (-47.0% surprise).

  4. 5
    2025-10-30EarningsBeat / raise

    Reported EPS 43.89 vs 28.85 expected (+52.1% surprise).

  5. 4
    2025-07-30EarningsBeat / raise

    Reported EPS 26.87 vs 18.81 expected (+42.9% surprise).

  6. 3
    2025-04-30EarningsMiss / cut

    Reported EPS 27.33 vs 31.87 expected (-14.2% surprise).

  7. 2
    2024-10-30EarningsMiss / cut

    Reported EPS 9.12 vs 27.5 expected (-66.8% surprise).

  8. 1
    2024-07-31EarningsMiss / cut

    Reported EPS 13.02 vs 21.3 expected (-38.9% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-3032.0559.16+84.6%
2026-04-2940.1458.01+44.5%
2026-02-1267.1735.59−47.0%
2025-10-3028.8543.89+52.1%
2025-07-3018.8126.87+42.9%
2025-04-3031.8727.33−14.2%
2024-10-3027.59.12−66.8%
2024-07-3121.313.02−38.9%
2024-02-1337.910.51−72.3%
2023-10-3120.832.0+53.9%
2023-07-3129.222.92−21.5%
2023-04-2734.255.82+63.2%
2023-02-1042.6-9.65−122.7%
2022-10-3130.0131.0+336.7%
2022-07-28-22.8-5.99+73.7%
2022-02-1011.915.96+34.1%
2021-10-2915.5-38.0−345.2%
2021-07-3026.2-91.34−448.6%
2021-04-29787.4647.79−17.7%
2021-02-1018.360.28+229.4%
2020-10-3024.229.24+20.8%
2020-07-3128.334.57+22.2%
2019-02-0837.962.73+65.5%
2018-10-3048.643.3−10.9%

About Nabtesco

Website ↗

Nabtesco Corporation manufactures and sells industrial robot parts, construction machinery, railway vehicle brake systems, and automatic doors, aircraft parts, automobile brakes and drive controls, marine, and platform safety products in Japan and internationally. It offers precision reduction gear for component and gear head types; hydraulic equipment, such as traveling units for crawlers, control valves for mini excavators, and swing units for hydraulic excavators; railroad vehicle equipment, such as unit brakes, door operators, and brake operating units; and aircraft equipment comprising flight control actuation systems and high-voltage electric power distribution units. The company also provides air dryers and wedge brake chambers for commercial vehicles, and electric compressors for electric buses; marine vessel equipment; automatic doors and platform doors for buildings; prosthetic…

8,472 employees · Chiyoda, Japan

Every robot joint needs a strain-wave or RV reducer. Two Japanese firms dominate; Chinese suppliers are scaling fast.

Alloy→Strain wave / RV→Joint→Robot

What would prove us wrong. Weakens if Chinese reducers win share at much lower prices without quality issues.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
6324.T
Harmonic Drive Systems
Strain-wave gears for robot joints ¥5,090.0+3.98%−19.7%+35.2%
688017.SS
Leaderdrive
Chinese strain-wave reducers ¥293.0+1.03%+0.8%+52.6%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.